Ordinance 2557-01 - Laserfiche WebLink

request a mandatory tender of the Bonds). If such notice of default is withdrawn within three days before the scheduled Default Tender Date and the Credit Facility will in fact reinstate and/or continue in effect, then the Bond Registrar shall immediately notify the Remarketing Agent and the owners of the Bonds of such fact, and the Bonds shall not be subject to mandatory tender for purchase on such Default Tender Date. Discharge occurs on the date that all amounts due under the terms of a Bond are actually and unconditionally due if cash is available at the place of payment and no interest accrues with respect to the Bond after such date. DTC means The Depository Trust Company, New York, New York as depository for the Bonds, or any successor or substitute depository for the Bonds. DTC Participant means (i) any person for which, from time to time, DTC effectuates book-entry transfers and pledges of securities pursuant to the book-entry system referred to in Section 2.05 hereof or (ii) any securities broker or dealer, bank, trust company or other person that clears through or maintains a custodial relationship with a person referred to in clause (i) of this definition. Electronic Means means telecopy, telegraph, telex, facsimile transmission, email, time sharing terminal or any electronic means of communication that produces a written record. Expiration Date means the stated expiration date of the Credit Facility, as such stated expiration date may be extended in accordance with the terms of the Credit Facility or by agreement between the City and the issuer of the Credit Facility. Expiration Tender Date means the day that is five Business Days prior to the Expiration Date. -5- P\CMW\CMW4ZL 11/20/01