Agenda - Council - 08/13/2013 - Laserfiche WebLink

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(j) U.S. dollar denominated deposit accounts, federal funds with domestic commercial banks which have a rating on their short term certificates of deposit on the date of purchase of "A-1" or "A-1+" by Standard & Poor's and "P-1" by Moody's and maturing no more than 360 days after the date of purchase. (Ratings on holding companies are not considered as the rating of the bank.). Notwithstanding the foregoing, "Permitted Investments" will not include a financial instrument, commonly known as a "derivative," whose performance is derived, at least in part, from the performance of any underlying asset, including, without limitation, futures, options on securities, options on futures, forward contracts, swap agreements, structured notes, and participations in pools of mortgages or other assets. "Pledge Agreement" means the Pledge and Covenant Agreement, dated as of 2013, by and between the School and the Trustee. "Prior Bonds" means the Series 2004A Bonds and the Series 2009 Bonds. "Prior Indenture" means the Indenture of Trust, dated as of 1, 2004, between the Issuer and the Prior Trustee, as amended and supplemented by the First Supplemental Indenture of Trust, dated as of July 1, 2009, between the Issuer and the Prior Trustee. "Prior Trustee" means Wells Fargo Bank, National Association, as trustee for the Prior Bonds. "Project" means acquisition and installation in the Schoolhouse of equipment for two Science, Technology, Engineering and Mathematics laboratories. "Project Costs" means any and all sums of money required to renovate, construct, expand and install the Project, excluding Costs of Issuance, but including the following: (a) all expenses incurred in connection with the acquisition of real property, or any interest in real property, necessary for the Project or mortgaging of the Project Site., including title insurance; (b) the expense of preparation of plans and specifications and of all other architectural, engineering, testing and supervisory services incurred and to be incurred in the planning, acquisition and completion of the Project; (c) the cost of acquisition and installation of all items of equipment, machinery or furnishings included in the Project; (d) premiums on all insurance relating to construction during the period before completion of the Project, to the extent that such premiums are not paid by a contractor; (c) the contract price of all labor, services, materials, supplies, equipment and remodeling furnished under a construction contract; (f) all expenses incurred in seeking to enforce any remedy against a contractor, any subcontractor or any surety in respect of any default under any construction contract; E-8