Ordinance 3405-14 - Laserfiche WebLink

Liquidity Facility Provider means, with respect to a Liquidity Facility then in effect, the legal entity that is obligated to purchase, or to advance funds to provide for the purchase of, Bonds under and in accordance with such Liquidity Facility. Liquidity Facility Request has the meaning assigned to that term in Section 3.09(c)(1). Long-Term Interest Period means each period during which a particular Long-Term Rate is in effect pursuant to Section 2.03(0(1). Long-Term Rate means an interest rate for the Bonds that is determined for a term of at least 12 months for such Bonds pursuant to Section 2.03(0. Long-Term Rate Bonds means Bonds which bear interest at a Long-Term Rate. Long-Term Rate Conversion Date means a day on which interest begins to accrue on the Bonds at a Long-Term Rate following Conversion pursuant to Section 2.03(g). Long-Term Rate Mandatory Purchase Date means the first day after the last day of each Long-Term Interest Period. Long-Term Rate Period means a period during which the Bonds are Long-Term Rate Bonds. Mandatory Sinking Account Payment means the amount required by this ordinance to be paid by the City on any single date for the retirement of Bonds pursuant to Section 2.04(e). Maturity Date means December 1, 2034; subject to the provisions that permit serialization in connection with Conversion to a Fixed Rate Period. Maximum Rate means twelve percent per annum. Moody's means Moody's Investors Service, a corporation organized and existing under the laws of the State of Delaware, its successors and their assigns, or, if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, any -13- P 120287 CM1M20287 AMT 10/14/14