Agenda - Council - 07/12/2022 - Laserfiche WebLink

Home

Original Purchaser means, (i) with respect to the Series 2022 Bonds, the Underwriter, and (ii) with respect to any issuance of Additional Bonds, the original purchaser named in a Supplemental Indenture. Outstanding means Bonds which have been authenticated and delivered by the Trustee under this Indenture, except: (a) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity; (b) Bonds for the payment or redemption of which cash funds or noncallable Governmental Obligations shall have been theretofore deposited with the Trustee in accordance with Article VII hereof; and (c) Bonds in lieu of which others have been authenticated under Section 2.7, 2.8, or 3.5 hereof. Payment Date means June 1 of each year, commencing (a) June 1, 20 , for the Series 2022A Bonds; and (b) June 1, 20 , for the Series 2022B Bonds, and (c) with respect to any Additional Bonds, the date named in any Supplemental Indenture. Permitted Encumbrances means, as of any particular time, "permitted encumbrances" as defined in the Mortgage. Permitted Investments means the following investments, if and to the extent the same are legal for investment, with regard to any money held as part of the funds held by the Trustee pursuant to this Indenture: (a) bills, certificates of indebtedness, notes, bonds, or similar securities which are direct obligations of, or the principal and interest of which are unconditionally guaranteed by, the United States of America; (b) direct and general obligations of any state of the United States of America or any municipality or political subdivision of such state, or obligations of any corporation, if such obligations are in one(1)of the two(2)highest rating categories by S&P or Moody's or, upon the discontinuance of either or both of such rating agencies, any other nationally recognized rating service; (c) negotiable or non-negotiable certificates of deposit, time deposits, or other similar banking arrangements, issued by any nationally or state-chartered bank (including the Trustee) or trust company or any savings and loan association, domiciled in the State, if either(i) the long-term obligations of such bank or trust company are rated in one (1) of the two (2) highest rating categories by S&P or Moody's or, upon the discontinuance of either or both of such rating services, any other nationally recognized rating service or (ii) the deposits are continuously secured as to principal, but only to the extent not insured by the Federal Deposit Insurance Corporation, or similar corporation chartered by the United States of America, (A) by lodging with a bank or trust company, as collateral security, obligations described in paragraph (a) or (b) above or other marketable securities eligible 13 735810810