Ordinance 2557-01 - Laserfiche WebLink

(d) the Fixed Rate Conversion Date; (e) any Mandatory Purchase Date; and (f) the Maturity Date (but only with respect to the particular Bonds maturing on that date). Interest Period means the period of time that any interest rate remains in effect for the Bonds, which period: (a) with respect to the Weekly Mode, initially, shall be from and including the Closing Date to and including the following Wednesday and thereafter commencing on each Thursday to and including Wednesday of the following week, provided that in the case of a conversion from a Weekly Mode to the Fixed Mode, the last Interest Period prior to conversion shall end on the last day immediately preceding the Fixed Rate Conversion Date; (b) with respect to Bonds in the Fixed Mode, shall be from and including the Fixed Rate Conversion Date for those Bonds to but not including the Maturity Date for those Bonds; and (c) with respect to any Bank Bond, the period from the date that Bond becomes a Bank Bond to but not including the date that Bond ceases to be a Bank Bond. In no event shall an Interest Period for any Bond extend beyond the Maturity Date for that Bond or, except in the case of Bank Bonds, the day preceding any Mandatory Purchase Date for that Bond. Interest Portion means the dollar amount available to be drawn under the Credit Facility then in effect to pay interest, and/or the portion of the Purchase Price constituting interest, on the Bonds. Interest Rate means a Weekly Rate or a Fixed Rate, as the context requires. -8- P\CMW\CMW4ZL 11/20/01