Ordinance 3405-14 - Laserfiche WebLink

Conversion Date means an Index Floating Rate Conversion Date, a Variable Rate Conversion Date, a Short-Term Rate Conversion Date, a Long-Term Rate Conversion Date, or the Fixed Rate Conversion Date. Cost of Issuance Agreement means the agreement of that name, to be entered into by the City and the Refunding Trustee, providing for the payment of certain costs of issuance with respect to the issuance of the Bonds, substantially in the form attached hereto as Exhibit B. Council means the City Council as the general legislative authority of the City, as the same shall be duly and regularly constituted from time to time. Credit Facility means a letter of credit (including, if applicable, a confirming letter of credit), bond insurance policy or similar credit facility issued by a commercial bank, savings institution, insurer or other financial institution, which, by its terms, shall secure the payment of the principal of and interest on the Bonds when due, delivered to the Bond Registrar. Credit Facility Agreement means, with respect to a Credit Facility then in effect, the separate agreement, if any, under and pursuant to which such Credit Facility is issued. Credit Facility Date means a date on which a Credit Facility is accepted, including a substitution, by the Bond Registrar and becomes effective. The date of any renewal or extension of the expiration date of a Credit Facility then in effect shall not be considered to be a Credit Facility Date for purposes of this ordinance. Credit Facility Fund means the fund by that name established pursuant to Section 4.01 hereof Credit Facility Provider means the commercial bank, savings institution, insurer or other financial institution issuing a Credit Facility. -6- P\20287 0MVN20287 AMT 10/14/14