Laserfiche WebLink
<br />Bond Rel!istrar or Rel!istrar: , Denver, Colorado, or <br />its successor, which shall perform the registration and transfer functions as set forth in this <br />Ordinance and the Paying Agent Agreement. <br />Bond Reserve Insurance Policy" any insurance policy, surety bond, irrevocable <br />letter of credit or similar instrument deposited in or credited to the Reserve Fund in lieu of <br />or in partial substitution for moneys on deposit therein. The issuer providing any such Bond <br />Reserve Insurance Policy shall be an issuer which has been then currently assigned an AAA <br />rating or a comparable rating by Moody's Investors Service, Inc. or its successor. <br />Bonds or 1993 Bonds: the City's Sales Tax Refunding Revenue Bonds, Series <br />1993, dated as of December 1, 1993, as authorized by this Ordinance. <br />Business Day: any day other than a Saturday, Sunday or other day on which <br />banks in Denver, Colorado are required or authorized to be closed. <br />Cede: Cede & Co., the nominee of DTC as record owner of the Bonds, or any <br />successor nominee of DTC with respect to the Bonds. <br />Capital Imorovement Fund: a special fund of the City designated as the "City <br />of Louisville Sales Tax Capital Improvement Fund" established by the Sales Tax Ordinance. <br />City: the City of Louisville, Colorado. <br />Council: the City Council of the City. <br />Debt Service Reserve Requirement or Required Reserve: an amount equal to <br />the lesser of (a) 10% of the original proceeds (as determined pursuant to the Tax Code) of <br />the Outstanding Bonds or (b) the maximum amount of all required payments of principal and <br />interest on the Bonds which will become due in any fiscal year. <br />Deoository: any securities depository as the District may provide and appoint, <br />in accordance with the guidelines of the Securities and Exchange Commission, which shall act <br />as securities depository for the Bonds. <br />DTC: the Depository Trust Company, New York, New York, and its successors <br /> <br />and assigns, <br /> <br />Escrow Account: the account created and designated as such pursuant to the <br />Escrow Agreement. <br /> <br />- 3 - <br />