Res13 15263 - Laserfiche WebLink

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(y) if interest is not so excludable, the interest rate on direct U.S. Treasury Obligations with comparable maturities,plus fifty(50)basis points. "Delivery Costs" means all items of expense directly or indirectly payable by or reimbursable to the Authority or the City relating to the issuance of the Bonds, 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 any bond insurer relating thereto, if any, legal fees and charges, financial and other professional consultant fees, costs of rating agencies for credit ratings, fees for execution, transportation and safekeeping of Bonds and charges and fees in connection with the foregoing. "Delivery Costs Fund"means the fund of that name established by Section 3.02 hereof. "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. "Escrow Agent"means the Prior Trustee. "Escrow Fund"means the fund established under the Escrow Instructions. "Escrow Instructions" means the escrow instructions from the Authority to the Prior Trustee,dated as of June 1, 2013,relating to the Prior Bonds. "Event of Default"means an event of default described in Section 6.01 hereof. "Federal Securities" (a) direct obligations (other than an obligation subject to variation in principal repaynnent) of the United�States of America, (b) obligations fully and unconditionally � guaranteed as to timely payment of the interest and principal by the United States of America, (c) obligations of any agency or instrumentality of the United States of America as to which the .fimely payment of the interest on arid the principal of such obligations is backed by the full faith and credit of the United States of America, or (d) evidences of ownership of proportionate interests in future interest and principal payments on obligations described above held by a bank or trust company as custodian, under which the owner of the investment is the real party in interest and has the right to proceed directly and individually against the obligor and the underlying government obligations are not available to any person claiming through the custodian or to whom the custodian may be obligated. "Fiscal Year" means the twelve calendar month period terminating on June 30 of each year, or any other annual accounting period hereafter selected and designated by the Authority as its Fiscal Year in accordance with applicable law. -4- 338471 1.DOC