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-5- <br />"Business Day" means a day of the year on which banks in San Francisco, California, or <br />the city where the Principal Corporate Trust Office is located are not required or permitted to be <br />closed and on which the New York Stock Exchange is not closed. <br />"Chairman" means the Mayor of the City or other duly appointed officer of the Successor <br />Agencyauthorized by the Successor Agencyby resolution to perform the functions of the <br />Chairmanin the event of the Chairman’sabsence or disqualification. <br />“City” means the City of San Leandro, California, a municipal corporation and chartered <br />city duly organized and existing under the laws of the State. <br />"Closing Date" means, with respect to the 2014 Bonds,the date on which the 2014 <br />Bonds are delivered by the Trusteeto the original purchaser thereof. <br />"Code" means the Internal Revenue Code of 1986 as in effect on the date of issuance of <br />the Bonds or (except as otherwise referenced herein) as it may be amended to apply to <br />obligations issued on the date of issuance of the Bonds, together with applicable, temporary and <br />final regulations promulgated, and applicable official public guidance published, under the Code. <br />"Continuing Disclosure Certificate" means theContinuing Disclosure Certificate <br />executed by the Successor Agencydated as of the Closing Date, as originally executed and as <br />it may be amended from time to time in accordance with the terms thereof. <br />"Costs of Issuance" means all items of expense directly or indirectly payable by or <br />reimbursable to the Successor Agencyrelating to the authorization, issuance, sale and delivery <br />of the Bonds, including but not limited to City and Successor Agency administrative staff costs, <br />printing expenses, bond insurance and surety bond premiums, rating agencyfees,filing and <br />recording fees, initial fees and charges and first annual administrative fee of the Trustee and <br />fees and expenses of its counsel, fees, charges and disbursements of attorneys, financial <br />advisors, accounting firms, consultants and other professionals, fees and charges for <br />preparation, execution and safekeeping of the Bonds and any other cost, charge or fee in <br />connection with the original issuance of the Bonds. <br />"Costs of Issuance Account" means the account by that name within the Bond Proceeds <br />Fund established and held by the Trustee pursuant to Section 3.03. <br />"County" means the County of Alameda, a county duly organized and existing under the <br />Constitution and laws of the State. <br />"Debt Service Fund" means the fund by that name established and heldby the Trustee <br />pursuant to Section 4.03. <br />“Defeasance Obligations” means (i) cash, (ii) Federal Securities and (iii) Permitted <br />Investments listed under subsection (b) of the definition thereof excluding Permitted <br />Investments listed under (b) (iv) and (b) (vi). <br />"Depository" means (a) initially, DTC, and (b) any other Securities Depository acting as <br />Depository pursuant to Section 2.11. <br />"Depository System Participant" means any participant in the Depository's book-entry <br />system.