Ordinance 3405-14 - Laserfiche WebLink

applicable, would equal the minimum interest rate per annum that would enable the Bonds to be sold on such date at a price equal to the principal amount thereof (without regard to accrued interest, if any, thereon). Authorized Denomination means (a) except as described below, during any Index Floating Rate Period, $5,000 or any integral multiple of $5,000 in excess thereof, (b) with respect to Variable Rate Bonds, $100,000 or any integral multiple of $5,000 in excess thereof, (c) with respect to Fixed Rate Bonds and Long Term Rate Bonds, $5,000 or any integral multiple thereof and (d) with respect to Short-Term Rate Bonds, $100,000 or any integral multiple of$1,000 in excess thereof. Bank Bond means a Bond (or a beneficial interest therein) that, as more fully described in Section 3.09(c)(1), is purchased (or provided to be purchased) by the Tender Agent pursuant to this ordinance with amounts requested by the Tender Agent and paid or provided by the Liquidity Facility Provider under the Liquidity Facility relating to such Bond (which Bond shall remain a Bank Bond unless and until such Bond ceases to be a Bank Bond as described in Section 2.06). Bank Rate means, the rate of interest borne by a Bank Bond, as specified and/or determined in accordance with the Liquidity Facility or the Liquidity Facility Agreement relating to such Bank Bond. Beneficial Owner means any person that has or shares the power, directly or indirectly to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries). -3- P\20287_CMVN20287 AMT 10/14/14