Laserfiche WebLink
-8- <br />"Interest Account" means the account by that name established and held by the Trustee <br />pursuant to Section 4.03(a). <br />"Interest Payment Date" means September 1, 2014, and March 1and September 1in <br />each year thereafter so long as any of the Bonds remain Outstanding hereunder. <br />"Law" means the Community Redevelopment Law, constituting Part 1 of Division 24 of <br />the California Health and Safety Code, together with the Dissolution Act, and the acts <br />amendatory thereof and supplemental thereto. <br />"Maximum Annual Debt Service" means, as of the date of calculation, the largest Annual <br />Debt Service for the current or any future Bond Year,including payments on any Parity Debt,as <br />certified in writing by the Successor Agency to the Trustee. <br />"Nominee" means (a) initially, Cede & Co., as nominee of DTC, and (b) any other <br />nominee of the Depository designated pursuant to Section 2.11(a). <br />“Notice of Insufficiency” means the report described in Health and Safety Code Section <br />34183(b) of the Dissolution Act. <br />"Outstanding" when used as of any particular time with reference to Bonds, means <br />(subject to the provisions of Section 9.05) all Bonds except: <br />(a) Bonds theretofore canceled by the Trustee or surrendered to the Trustee for <br />cancellation; <br />(b) Bonds paid or deemed to have been paid within the meaning of Section 9.03; <br />and <br />(c) Bonds in lieu of or in substitution for which other Bonds shall have been <br />authorized, executed, issued and delivered by the Successor Agencypursuant hereto. <br />“Oversight Board” means the Oversight Board ofthe Successor Agency to the <br />Redevelopment Agency of the City of San Leandro duly constituted from time to time pursuant <br />to Section 34179 of the California Health and Safety Code. <br />"Owner" or "Bondowner" means, with respect to any Bond, the person in whose name <br />the ownership of such Bond shall be registered on the Registration Books. <br />“Parity Debt” means any loan, bonds, notes, advances or indebtedness payable from <br />Tax Revenues on a parity with the 2014 Bondsas authorized by the provisions of Section 3.05. <br />“Parity Debt Instrument” means any resolution, indenture of trust, loan agreement, trust <br />agreement or other instrument authorizing the issuance of any Parity Debt, including, without <br />limitation, a Supplemental Indenture authorized by Section 7.01(e). <br />"Participating Underwriter" has the meaning ascribed thereto in the Continuing <br />Disclosure Certificate.