RES 86558 - Laserfiche WebLink

dividends, resulting from the investment of any original proceeds (as referenced in clause (i) above) or investment proceeds (as referenced in this clause (ii) in Nonpurpose Obligations, increased by any profits and decreased (if necessary, below zero) by any losses on such investments, excluding investment proceeds which become transferred proceeds (determined in accordance with applicable Regulations) of obligations issued to refund in whole or in part the Bonds; (iii) sinking fund proceeds, namely, amounts, other than original proceeds, investment proceeds or transferred proceeds (as referenced in clauses (i) and (ii) above of the Bonds, which are held in the Redemption Fund and any other fund to the extent that the City reasonably expects to use such other fund to pay Debt Service on the Bonds; (iv) amounts in the Reserve Fund and in any other fund established as a reasonably required reserve or replacement fund; (v) Investment Property pledged as security for payment of Debt Service on the Bonds by an ultimate obligor or a related person or by the City; (vi) amounts received with respect to loans made with original proceeds of the Bonds, financing leases entered into for property acquired with original proceeds of the Bonds and other obligations acquired to carry out the governmental purposes of the Bonds; (vii) amounts, other than as specified in this definition, used to pay Debt Service on the Bonds; and (viii) amounts received as a result of investing amounts described in this definition. (h) Investment Earnings Fund. The term "Investment Earnings Fund" means the account by that name created by, and held by the City pursuant to the provisions hereof. (i) Investment Property. The term "investment property" means any security (as said term is defined in section 165(g)(2)(A) or (B) of the Code), obligation, annuity or 2