COM 1109.000 2020-2022 - Laserfiche WebLink

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"Independent Financial Consultant" means a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field, appointed and paid by the County, who,or each of whom: (a) is in fact independent and not under the control of the County; (b) does not have any substantial interest, direct or indirect, in the County; and (c) is not connected with the County as a member, officer or employee of the County, but who may be regularly retained to make annual or other reports to the County. "Indenture" means this Trust Indenture, together with any Supplemental Indenture entered into pursuant to Article VI. "Interest Account" means the account by such name created and established in the Special Tax Fund pursuant to Section 3.1 hereof. "Interest Payment Date"means each May 15 and November 15, commencing May 15, 2023; provided, however, that, if any such day is not a Business Day, interest up to, but not including, the Interest Payment Date will be paid on the Business Day next following such date. "Investment Agreement" means one or more agreements for the investment of funds of the District complying with the criteria therefor as set forth in Subsection (g) of the definition of Authorized Investments herein. "Letter of Credit" means an irrevocable direct-pay letter of credit, in form and substance satisfactory to the County, issued in favor of the Trustee by a bank or other financial institution acceptable to the County. "Maximum Annual Debt Service" means the maximum amount of the Annual Debt Service for any Bond Year prior to the final maturity of the Bonds. "Maximum Special Tax" means the maximum Special Tax determined for each category of Taxable Property in accordance with the RMA. "Moody's"means Moody's Investors Service, or its successors and assigns. "Ordinance of Formation" shall have the meaning set forth in the Recitals hereto. "Outstanding" or "Outstanding Bonds" means all Bonds theretofore issued by the County hereunder, except: (a) Bonds theretofore cancelled or surrendered for cancellation in accordance with Section 10.1 hereof; (b) Bonds for payment or redemption of which moneys shall have been theretofore deposited in trust (whether upon or prior to the maturity or the redemption date of such Bonds), provided that, if such Bonds are to be redeemed prior to the maturity thereof, notice of such redemption shall have been given as provided in this Indenture; and (c) Bonds which have been surrendered to the Trustee for transfer or exchange pursuant to Section 2.9 hereof or for which a replacement has been issued pursuant to Section 2.10 hereof. 9