RES 94045A - Laserfiche WebLink

payments and the interest thereon under Parity Bonds or Contracts related to certificates of participation or other instnrments which are outstanding under the documents or agreements pursuant to which they were executed and delivered, required to be paid during such Fiscal Yeaz; provided that, whenever interest as described herein accrues at other than a fixed rate, such interest shall be assumed to be a rate equal to the greater of (i) 9.20% per annum or (u) the 25 Revenue Bond Index as most recently published in The Bond Buyer on or prior to the dace of calculation, and (5) the Installment Payments and the interest thereon (except to the extent that interest has been fully capitalized and is invested in Federal Securities which mature at times and in such amounts as are necessary to pay the interest to which such amounts are pledged) required to be paid hereunder during such Fiscal Year. "Delivery Costs" means all items of expense directly or indirectly payable by or reimbursable to the City or [he Authority relating to the refinancing of the Project, including but not limited to filing costs, settlement costs, printing costs, reproduction and binding costs, initial fees and charges of the Trustee and its counsel, financing discounts, insurance premiums and outside legal fees of the insurer relating thereto, if any, legal fees and charges, financial and other professional wnsultant fees, costs of rating agencies for credit ratings, fees for execution, title insurance premiums, transportation and safekeeping of Bonds and charges and fees in connection with the foregoing. hereof. "Delivery Costs Fund" means the fund of [hat name established by Section 3.02 "Depository" means (a) initially, DTC, and (b) any other qualified securities depository acting as Depository pursuant to Section 2.11 hereof. "Depository System Participant" means any participant in the Depository's book entry system. "DTC" means the Depository Trust Company, New York, New York and its successors and assigns. "Enterprise" shall have the meaning provided in the applicable installment Purchase Contrail. "Esaow Agreement" means [he escrow instructions between the Corporation, the City, the Trustee and Bank of America National Trust and Savings Association, dated as of May ], 1994. "Escrow Fund" means the fund of that name established in the Escrow Agreement. "Event of Default" means an event of default described in Section 7.01 of the Installment Purchase Contract. "Federal Securities" means direct obligations of (including obligations issued or held in book entry form on the books of the Department of the Treasury of the United States), or obligations the timely payment of the principal of and interest on which are fully and unconditionally guaranteed by, the United States of America. saavmz.tnr