COM 1109.000 2020-2022 - Laserfiche WebLink

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(v) the fair market value of the securities in relation to the amount of the repurchase obligation, including principal and interest, is equal to at least 103%. To the extent that any of the requirements concerning Authorized Investments embodies a legal conclusion, the Trustee shall be entitled to conclusively rely upon a Certificate from the appropriate party or an opinion from counsel to such party,that such requirement has been met. "Beneficial Owner" means any person which: (a) has or shares the power, directly or indirectly, to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries) including, but not limited to, the power to vote or consent with respect to any Bonds or to dispose of ownership of any Bonds; or (b) is treated as the owner of any Bonds for federal income tax purposes. "Bond Counsel" means an attorney at law or a firm of attorneys selected by the County of nationally recognized standing in matters pertaining to the tax-exempt nature of interest on bonds issued by states and their political subdivisions duly admitted to the practice of law before the highest court of any state of the United States of America or the District of Columbia. "Bond Ordinance"shall have the meaning set forth in the Recitals hereto. "Bond Register"means the books which the Trustee shall keep or cause to be kept on which the registration and transfer of the Bonds shall be recorded. "Bonds"means the 2022 Bonds and any Parity Bonds issued pursuant to this Indenture. "Bond Year" means the twelve month period commencing on May 16 of each year and ending on May 15 of the following year, except that the first Bond Year for a Series of Bonds shall begin on the Delivery Date of the Bonds of such Series and end on the first May 15 which is not more than 12 months after the Delivery Date of the Bonds of such Series, provided that for purposes of Section 3.8 with respect to a particular Series of Bonds, "Bond Year" shall have the meaning ascribed thereto in the Tax Certificate applicable to the Bonds of such Series. "Business Day"means a day which is not a Saturday or Sunday or a day of the year on which banks in New York, New York, Honolulu, Hawaii, or the city where the Designated Office of the Trustee is located,are not required or authorized to remain closed. "Capitalized Interest"means interest on the 2022 Bonds that is funded with proceeds of such Bonds. "Capitalized Interest Subaccount" means the Subaccount by such name created and established in the Interest Account of the Special Tax Fund pursuant to Section 3.1 hereof. "Certificate"means a written certificate or report delivered pursuant to the provisions of this Indenture with respect to specified matters arising hereunder, which shall be executed by an Authorized County Representative, an Authorized Developer Representative or the authorized representatives of other Persons as required or permitted hereunder. "Chapter 19"means Chapter 19 of the County Code. "Chapter 32"shall have the meaning set forth in the Recitals hereto. 6