Ordinance 3405-14 - Laserfiche WebLink

use by all such community groups on an equal basis and such community groups are charged only a de minimis fee to cover custodial expenses. Purchase Date means each date on which Variable Rate Bonds are subject to optional or mandatory purchase, and on which Short-Term Rate Bonds, and Index Floating Rate Bonds and Long-Term Rate Bonds are subject to mandatory purchase, pursuant to Section 3.08 and Section 3.10 of this ordinance. Purchase Fund means the fund by that name established pursuant to Section 3.09 of this ordinance. Purchase Price means with respect to an Index Floating Rate Bond, a Variable Rate Bond, a Short-Term Rate Bond or a Long-Term Rate Bond subject to purchase on a Purchase Date, an amount equal to the principal amount thereof plus, if such Purchase Date is not an Interest Payment Date therefor, accrued and unpaid interest thereon to such Purchase Date. Rating Agency means S&P, Moody's and Fitch, as applicable. Rating Category means a generic securities rating category, without regard to any refinement or gradation of such rating category by a numerical modifier or otherwise. Record Date means with respect to any Interest Payment Date, (a) with respect to Index Floating Rate Bonds, Variable Rate Bonds, or Short-Term Rate Bonds, means the Business Day immediately preceding such Interest Payment Date, and (b) with respect to Long-Term Rate Bonds or Fixed Rate Bonds, means the 15th day of the month immediately preceding such Interest Payment Date, whether or not such day is a Business Day. Redemption Price means, with respect to any Bond (or portion thereof), the principal amount of such Bond (or portion thereof) plus the applicable premium, if any, payable upon redemption thereof pursuant to the provisions of such Bond and this ordinance. -16- P 120287 CMW120287 AMT 10/14/14