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<br />November 29, 1982, (vi) Ordinance No. 83-026, adopted by the City Council of the City on
<br />October 10, 1983, (vii) Ordinance No. 85-049, adopted by the City Council of the City on
<br />January 6, 1986, (viii) Ordinance No. 86-039, adopted by the City Council of the City on
<br />December 15, 1986, (ix) Ordinance No. 88-013, adopted by the City Council of the City on July
<br />5, 1988, (x) Ordinance No. 94-019, adopted by the City Council of the City on September 6,
<br />1994, (xi) Ordinance No. 94-029, adopted by the City Council of the City on December 19,
<br />1994, (xii) Ordinance No. 95-05, adopted by the City Council of the City on March 3, 1995, (xiii)
<br />Ordinance No. 95-06, adopted by the City Council of the City on March 20, 1995, (xiv)
<br />Ordinance No. 97-025, adopted by the City Council of the City on September 2, 1997 and (xv)
<br />Ordinance No. 2000-09, adopted by the City Council of the City on June 5, 2000, together with
<br />any additional amendments thereof at any time duly authorized pursuant to the Law.
<br />"Principal Account" means the account by that name established and held by the
<br />Trustee pursuant to Section 4.03(b).
<br />"Principal Corporate Trust Office" means such corporate trust office of the Trustee as
<br />may be designated from time to time by written notice from the Trustee to the Successor
<br />Agency. Except that with respect to presentation of Bonds for payment or for registration of
<br />transfer and exchange such term shall mean the corporate trust office of U.S. Bank National
<br />Associationin St. Paul, Minnesota or such otheroffice or agencyof the Trustee at which at any
<br />particular time, its corporate trust agencyshall be conducted.
<br />"ProjectArea Agreement"means the Agreement Regarding Alameda County –City of
<br />San Leandro Project dated as of July 1, 1993, between the Former Agency and the County, as
<br />such agreement may be amended from time to time.
<br />“Project Areas” means, collectively,the PlazaProject Area,the West San
<br />Leandro/MacArthur Boulevard Project Areaand the Alameda County-City of San Leandro
<br />Project Area.
<br />"Qualified Reserve Account Credit Instrument"means an irrevocable standby or direct-
<br />pay letter of credit, insurance policy, or surety bond issued by a commercial bank or insurance
<br />company and deposited with the Trustee, provided that all of the following requirements are met
<br />at the time of acceptance thereof by the Trustee: (a) S&P orMoody’s have assigned a long-term
<br />credit rating to such bank or insurance company ofs “A” (without regard to modifier) or higher;
<br />(b) such letter of credit, insurance policy or surety bond has a term of at least 12 months; (c)
<br />such letter of credit, insurance policy or surety bond has a stated amount at least equal to the
<br />portion of the Reserve Requirement with respect to which funds are proposed to be released;
<br />and (d) the Trustee is authorized pursuant to the terms of such letter of credit, insurance policy
<br />or surety bond to draw thereunder an amount equal to any deficiencies which may exist from
<br />time to time in the Interest Account or the Principal Account for the purpose of making payments
<br />required pursuant to Sections 4.03(a), 4.03(b) or 4.03(c) of this Indenture.
<br />“Recognized Obligation PaymentSchedule” means the schedule by thatname prepared
<br />before each six-month fiscal periodin accordance with the requirements of Section 34177(l) of
<br />the California Health and Safety Code.
<br />"Record Date" means, with respect to any Interest Payment Date, the close of business
<br />on the fifteenth (15th) calendar day of the month preceding such Interest Payment Date,
<br />whether or not such fifteenth (15th) calendar day is a Business Day.
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