Finance Highlights 2011 1202 - Laserfiche WebLink

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Obligations issued by any corporation organized and operating within the United States of America having assets in excess of $500,000,000, which obligations are rated [A] or better by S &P and [A] or better from Moody's. (j) Bonds or notes issued by any state or municipality which are rated [A] or better by S &P and [A] or better from Moody's. (k) Any investment agreement with, or guaranteed by, a financial institution the long -term unsecured obligations or the claims paying ability of which are rated [A] or better by S &P and [A] or better from Moody's at the time of initial investment, by the terms of which all amounts invested thereunder are required to be withdrawn and paid to the Trustee in the event either of such ratings at any time falls below [A]. (1) The Local Agency Investment Fund of the State of California, created pursuant to Section 16429.1 of the California Government Code, to the extent the Trustee is authorized to register such investment in its name. " PERS " means the California State Public Employees' Retirement System. " PERS Contracts means the contracts, as amended from time to time, entered into by the City and PERS pursuant to the Retirement Law obligating the City to make contributions to PERS in exchange for PERS providing retirement benefits to certain City employees. " PERS Side Fund Obligations means the obligation of the City under the Retirement Law and the PERS Contracts to make payments to PERS with respect to benefits accruing to retired public safety employees of the City. " Principal Account means the account by that name established and held by the Trustee under Section 4.02(b). "Record Date" means, with respect to any Interest Payment Date, the close of business on the 15 calendar day of the month preceding such Interest Payment Date occurs, whether or not such 15 calendar day is a Business Day. " Registration Books means the records maintained by the Trustee under Section 2.07 for the registration and transfer of ownership of the Bonds. " Request of the City means a request in writing signed by the Mayor, City Manager or Finance Director of the City, or any other officer of the City duly authorized by the City for that purpose. " &P " means Standard & Poor's Corporation, of New York, New York, and its successors. " Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and /or such other securities depositories as the City may designate in a Request of the City delivered by the City to the Trustee. " Supplemental Indenture means any indenture, agreement or other instrument which amends, supplements or modifies this Indenture and which has been duly entered into between A -4