Ordinance 3405-14 - Laserfiche WebLink

Termination Date means, with respect to a Liquidity Facility, the date which is seven calendar days (or if such seventh calendar day is not a Business Day, the Business Day immediately preceding such seventh calendar day) after the date on which the Bond Registrar receives written notice from the Liquidity Facility Provider under such Liquidity Facility which (a) advises the Bond Registrar of the occurrence and continuance of an "Event of Default" under and as defined in such Liquidity Facility or the related Liquidity Facility Agreement, and (b) directs the Bond Registrar to cause a mandatory tender of the Bonds to which such Liquidity Facility relates by reason of such "Event of Default." Undelivered Bonds means any Variable Rate Bond, Short-Term Rate Bond, or Long- Term Rate Bond which is subject to purchase pursuant to Section 3.08 or Section 3.10 on a Purchase Date and which is not tendered and delivered for purchase on such Purchase Date but as to which the Tender Agent holds in the Purchase Fund sufficient funds to pay the Purchase Price of such Variable Rate Bond, Short-Term Rate Bond or Long-Term Rate Bond, as applicable. Undelivered Bond Payment Account means the account by that name in the Purchase Fund established pursuant to Section 3.09. Underwriter means J.P. Morgan Securities LLC. Variable Rate means a Daily Rate or a Weekly Rate. Variable Rate Bonds means Bonds that bear interest at a Variable Rate. Variable Rate Bonds shall not include Index Floating Rate Bonds, Short-Term Rate Bonds or Long-Term Rate Bonds. Variable Rate Conversion Date means a Daily Rate Conversion Date or a Weekly Rate Conversion Date. -21- P\20287 CMVN20287 AMT 10/14/14