RES 02047 - Laserfiche WebLink

'"Corporation" means the City of Pleasanton Public Facilities Corporation. a non-profit public benefit corporation organized and existing under the laws of the State of California. and its successors and assigns. '"Debt Service" means, for any Fiscal Year, the sum of (I) the interest falling due during such Fiscal Year on all Parity Bonds (which are outstanding under the documents or agreements pursuant to which they were issued). assuming that all outstanding serial Parity Bonds are retired as scheduled and that all outstanding term Parity Bonds are redeemed from sinking fund payments as scheduled (except to the extent that such interest has been fully capitalized and is invested in Federal Securities which mature at times and in such amounts as are necessary to pay the interest to which such amounts are pledged). (2) the principal amount of all serial Parity Bonds (which are outstanding under the documents or agreements pursuant to which they were issued) falling due by their terms during such Fiscal Year. (3) the minimum amount of term Parity Bonds (which are outstanding under the documents or agreements pursuant to which they were issued) required to be paid or called and redeemed during such Fiscal Year, together with the redemption premiums. if any. thereon. (4) the payments and the interest thereon under Contracts related to certificates of participation or other instruments which are outstanding under the documents or agreements pursuant to which they were executed and delivered required to be paid during such Fiscal Year: provided that. whenever interest as described herein accrues at other than a fixed rate. such interest shall be assumed to be a rate equal to the greater of (i) 9.20% per annum or (ii) the Revenue Bond Index (for 3D-year bonds) as most recently published in The Bond Buver on or prior to the date of calculation. and (5) the Debt Service Payments (except to the extent that interest has been fully capitalized and is invested in Federal Securities which mature at times and in such amounts as are necessary to pay the interest to which such amounts are pledged) required to be paid hereunder during such Fiscal Year. '"Debt Service Account" means the account of that name established by the Trustee pursuant to Section 3,04 hereof. '"Debt Service Pavments" mean the payments of Debt Service. '"Deliverv Costs" means all items of expense directly or indirectly payable by or reimbursable to the City relating to the refunding of the Prior Obligations. including but not limited to filing costs. settlement costs. priming costs. reproduction and binding costs. initial fees and charges of the Trustee and its counsel. financing discounts. insurance premiums and outside legal fees of the 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. "Delivel\' Costs Fund" means the fund of that narne established by Section 3.02 hereof. "Depositol\'" rneans (a) initially. DTC. and (b) any other qualified securities depository acting as Depository pursuant to Section 2,11 hereof. , -~- Pleasanton Cross Town Indenture (2).DOC