05.04.2013 Views

THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Interest Payment Dates means June 1 and December 1 of each year that the Bonds are<br />

outstanding commencing June 1 2011<br />

Mandatory Sinking Fund Redempfion means theschedule softhemandatory redemption<br />

ofTerm Bonds set forth in the Certificate ofAward<br />

Mandatory Sinking Fund Redemption Dates means those Principal Payment Dates set<br />

forth in the Certificate ofAward on which aportion ofthe principal amount ofthe Term Bonds are<br />

requiredto be redeemed<br />

MSRB means the Municipal Securities Rulemaking Board established by the SEC<br />

Original Purchaser means the original purchaser appointed by the Director ofFinance in<br />

the Certificate ofAv ard<br />

Outstanding Bonds means the City sVarious Purpose General Obligation Bonds Series<br />

1998 dated as ofMarch 15 1998 originally issued in theamount of20 355 000<br />

Participant means any participant contracting with a Depository under a book entry<br />

system and includes securities brokers and dealers banks and trust companies and clearing<br />

corporations<br />

Preliminary Official Statement means the prelimhiaiy official statement of the City<br />

relating to the issuance ofthe Bonds substanfially in the form now on file with the Clerk ofthis<br />

Council<br />

Principal Payment Dates means December 1 in each oftheyears from and including 2011<br />

to and including 2017 provided however that the first Principal Payment Date may be deferred<br />

one year and the last Principal Payment Date may be advanced up to five years if such actions are<br />

determined by the Director ofFinance in the Certificate ofAward to be in the best interest ofand<br />

financially advantageous to the City and further provided that in no case shall the last Principal<br />

Payment Date exceed the maximummaturity ofthe Bonds<br />

of 1934<br />

Rule means Rule 15c2 12 prescribed by the SEC pursuantto the Securities Exchange Act<br />

SEC means the Securities and Exchange Commission<br />

Serial Bonds means those Bonds designated as such and maturing on the Principal<br />

Payment Dates setforth in the Certificate ofAward<br />

Specified Events means the occurrence ofanyofthe following events within themeaning<br />

ofthe Rule principal and interestpayment delinquenciesnon paymentrelated defaultsifmaterial<br />

unscheduled draws on debt service reserves reflecting financial difficulties unscheduled draws on<br />

credit enhancements reflecting financial difficulties substitution ofcredit or liquidity providers or<br />

J

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!