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<br />-5- <br /> <br />“Bond Year” means the twelve-month period beginning on April 2 in each year and <br />ending on April 1 in the following year except that (i) the first Bond Year with respect to the 2026 <br />Bonds shall begin on the Closing Date, and (ii) the last Bond Year with respect to the 2026 <br />Bonds may end on a redemption date prior to maturity of the 2026 Bonds or the final maturity <br />date of the 2026 Bonds. <br /> <br />“Bonds” means the Outstanding 2026 Bonds and any Outstanding Additional Bonds. <br /> <br />“Business Day” means any day other than a Saturday, Sunday or a day on which the <br />Trustee is authorized by law to remain closed. <br /> <br />“City” means the City of Pleasanton, a municipal corporation duly organized and existing <br />under the laws of the State of California. <br /> <br />“Closing Date” means, with respect to the 2026 Bonds, the date of delivery of the Bonds <br />to the Original Purchaser of the 2026 Bonds. <br /> <br />“Continuing Disclosure Certificate” means, with respect to each series of Bonds, that <br />certain Continuing Disclosure Certificate executed by the City and dated the date of original <br />execution and delivery of such Bonds, as originally executed and as it may be amended from <br />time to time in accordance with the terms thereof. <br /> <br />“Costs of Issuance” means all expenses incurred in connection with the authorization, <br />issuance, sale and delivery of any Bonds, as and to the extent applicable, including but not <br />limited to compensation, fees and expenses of the City, Authority and the Trustee and their <br />respective counsel, compensation to any financial consultants and underwriters, legal fees and <br />expenses, municipal bond insurance or surety bond premiums, filing and recording costs, rating <br />agency fees, costs of preparation and reproduction of documents and costs of printing. <br /> <br />“Costs of Issuance Fund” means the fund by that name established and held by the <br />Trustee under Section 3.03. <br /> <br />“Debt Service” means, during any period of computation, the amount obtained for such <br />period by totaling the following amounts: <br /> <br />(a) The principal amount of all Outstanding Serial Bonds payable by their <br />terms in such period; <br /> <br />(b) The principal amount of all Outstanding Term Bonds scheduled to be paid <br />or redeemed by operation of mandatory Sinking Fund Installments in such period; and <br /> <br />(c) The interest which would be due during such period on the aggregate <br />principal amount of Bonds which would be Outstanding in such period if the Bonds are <br />paid or redeemed as scheduled. <br /> <br />For purposes of this definition, all Variable Rate Bonds shall be deemed to bear interest <br />as follows: <br /> <br />(i) Except as provided in (iii) below, Variable Rate Bonds the interest on <br />which is excluded from gross income for purposes of federal income taxation, shall be <br />Page 21 of 205