Ordinance 3405-14 - Laserfiche WebLink

WHEREAS, the Council has determined to delegate to the Designated Representative (as defined below) certain matters relating to the manner and timing of sale and other matters relating to the Bonds; NOW, THEREFORE, the City of Everett does ordain, as follows: ARTICLE I DEFINITIONS; CONTENT OF CERTIFICATES AND OPINIONS Section 1.01. Definitions. Unless the context otherwise requires, the terms defined in this Section shall, for all purposes of this ordinance and of any Supplemental Ordinance hereto and of any certificate, opinion or other document herein mentioned, have the meanings herein specified, to be equally applicable to both the singular and plural forms of any of the terms herein defined. Alternate Credit Facility means a Credit Facility delivered to the Bond Registrar in accordance with Section 4.02 which replaces the Credit Facility then in effect. Alternate Liquidity Facility means a Liquidity Facility delivered or made available to the Tender Agent in accordance with Section 4.03 which replaces the Liquidity Facility then in effect. Alternate Rate means a rate per annum equal to the SIFMA Index. Applicable Factor means, during each LIBOR Index Rate Period, the percentage designated in writing by the City as the Applicable Factor for such LIBOR Index Rate Period pursuant to Section 2.03(g)(2). Applicable Spread means during any Index Floating Rate Period, the number of basis points determined by the Remarketing Agent on or before the first day of such Index Floating Rate Period (or by the Underwriter on or before the Closing Date). that when added to the SIFMA Index or the product of the LIBOR Index multiplied by the Applicable Factor, as -2- P 120287_C M\M20287AMT 10/14/14