Ordinance 2557-01 - Laserfiche WebLink

Bond Purchase Contract means the purchase contract relating to the Bonds between the City and the Underwriter. Bond Register means the registration records for the Bonds maintained by the Registrar. Bond Year means the period as defined under the Code or the applicable definition contained in any successor provisions thereto. Business Day means a day other than (a) a Saturday or Sunday (b) a day on which commercial banks in Seattle, Washington, Los Angeles, California or New York, New York are authorized or required by law or executive order to close, (c) a day the Bank is closed and (d) a day on which the New York Stock Exchange is not closed. Capital Improvement Fund means the Capital Improvement Fund maintained pursuant to Section 5.04 of this ordinance. Closing Date means the date of initial issuance and delivery of the Bonds. Code means the Internal Revenue Code of 1986, as amended, together with corresponding and applicable final, temporary or proposed regulations or revenue rulings issued or amended with respect thereto by the U.S. Treasury Department or the Internal Revenue Service, to the extent applicable to the Bonds. Credit Facility means the Letter of Credit and any Alternate Credit Facility then in effect. Current Mode means, on any date,the Mode in effect on that date for the Bonds. Default Tender Date means the Business Day that is five days after receipt by the Registrar from the issuer of the then-existing Credit Facility of notice that an event of default under the Reimbursement Agreement has occurred and requesting a mandatory tender of the Bonds or stating that the Credit Facility will terminate or (if such Credit Facility does not automatically reinstate) will not be reinstated (in which case such notice will be deemed to -4- P\CMW\CMW4ZL 11/20/01