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Credit Facility Provider Failure means the dissolution, cessation of operations, <br /> bankruptcy or seizure of operations by a regulatory agency of a Credit Facility Provider or the <br /> failure of a Credit Facility Provider to honor a proper draw request under a Credit Facility. <br /> Daily Interest Period means each period during which a particular Daily Rate is in effect <br /> pursuant to Section 2.03(c). <br /> Daily Rate means an interest rate for the Bonds that is determined on each Business Day <br /> pursuant to Section 2.03(c). <br /> Daily Rate Bonds means Bonds that bear interest at a Daily Rate. <br /> Daily Rate Conversion Date means a day on which interest on the Bonds begins to <br /> accrue at a Daily Rate following Conversion pursuant to Section 2.03(g). <br /> Daily Rate Period means each period during which such Bonds are Daily Rate Bonds. <br /> Designated Representative means the Mayor, the Chief Financial Officer or any City <br /> employee designated by any of them. <br /> District means the Everett Public Facilities District. <br /> DTC means The Depository Trust Company, New York, New York, a limited purpose <br /> trust company organized under the laws of the State of New York, as depository for the Bonds <br /> pursuant to Section 2.05 hereof. <br /> Electronic Notice means telecopy transmission or other similar electronic means of <br /> communication, including a telephonic communication confirmed by writing or written <br /> transmission. <br /> Escrow Agreement means the Escrow Deposit Agreement to be dated as of the Closing <br /> Date substantially in the form attached hereto as Exhibit A. <br /> -7- P\20287 CMW20287 AMT 10/14/14 <br />