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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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3/18/2020 2:57:42 PM
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3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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100% Treasury Money Market Funds; Federated U.S. Treasury Cash Reserves (Fund <br /> 125); and Federated Treasury Obligations Fund (Fund 68); or, in the event those funds <br /> cease to exist or no longer have a rating of the highest category (without regard to <br /> gradation within a category) by the Rating Agency, (2) money market funds conforming <br /> to Rule 2a-7 of the Federal Investment Company Act of 1940, including any money <br /> market fund the investment advisor of which is the Trustee or an affiliate of the Trustee, <br /> (i) whose shares are registered under the Federal Securities Act of 1933 that invest solely <br /> in direct obligations issued by the U.S. Treasury and repurchase agreements backed by <br /> those obligations, (ii) which have a rating of the highest category (without regard to <br /> gradation within a category) by the Rating Agency and (iii) which are acceptable to the <br /> Rating Agency and the Underwriter. <br /> "Event of Default" means any of the events described as an Event of Default in Section <br /> 7.01 hereof or Section 7.1 of the Agreement. <br /> "Extension Payment" means the amount due, if any, to provide adequate additional funds <br /> for the payment of Bond Service Charges during a Remarketing Period in connection with the <br /> change or extension of the Mandatory Tender Date pursuant to Section 4.03 hereof, and which (a) <br /> shall be determined by a Cash Flow Projection approved in writing by the Rating Agency and(b) <br /> must consist of Available Money. <br /> "Extraordinary Services" and "Extraordinary Expenses" mean all services rendered and <br /> all reasonable expenses properly incurred by the Trustee under this Indenture, other than <br /> Ordinary Services and Ordinary Expenses. Extraordinary Services and Extraordinary Expenses <br /> shall specifically include services rendered or expenses incurred by the Trustee in connection <br /> with, or in contemplation of, an Event of Default. <br /> "Force Majeure" means any of the causes, circumstances or events described as <br /> constituting Force Majeure in Section 7.1 of the Agreement. <br /> "GAAP"means generally accepted accounting principles applied on a consistent basis. <br /> "Government" means the government of the United States of America, the government of <br /> any other nation, any political subdivision of the United States of America or any other nation <br /> (including, without limitation, any state, territory, federal district, municipality or possession) <br /> and any department, agency or instrumentality thereof; and"Governmental" shall mean of, by, or <br /> pertaining to any Government. <br /> "Holder" or"Holder of a Bond" means the Person in whose name a Bond is registered on <br /> the Register. <br /> "HUD"means the United States Department of Housing and Urban Development. <br /> "HUD Regulatory Agreement" means the Regulatory Agreement by and between the <br /> Borrower and HUD of even date herewith, as amended or supplemented from time to time. <br /> "Indebtedness" means for any Person (a) all indebtedness or other obligations of such <br /> Person for borrowed money or for the deferred purchase price of property or services, (b) all <br /> - 7 - <br />
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