Official Statement Airport Commission City and County of San ...

Closing Date means the date upon which a Series of Variable Rate Bonds is initially issued and
delivered in exchange for the proceeds representing the Purchase Price of such Series of Variable Rate Bonds paid by
the original purchaser thereof.
Costs of Issuance means payment of, or reimbursement of the Commission for, all reasonable costs
incurred by the Commission in connection with the issuance of a Series of Variable Rate Bonds, including, but not
limited to: (a) counsel fees related to the issuance of such Series of Variable Rate Bonds (including bond counsel, cobond
counsel, disclosure counsel, Trustee’s counsel and the City Attorney); (b) financial advisor fees incurred in
connection with the issuance of such Series of Variable Rate Bonds; (c) rating agency fees; (d) fees of any Credit
Provider or Liquidity Provider for the provision of a Credit Facility or Liquidity Facility, as applicable; (e) the initial
fees and expenses of the Trustee, the Registrar, the Authenticating Agent, Remarketing Agents and any Series Escrow
Agent; (f) accountant fees and any escrow verification fees related to the issuance of such Series of Variable Rate
Bonds; (g) printing and publication costs; (h) costs of engineering and feasibility studies necessary to the issuance of
such Series of Variable Rate Bonds; and (i) any other cost incurred in connection with the issuance of the Variable Rate
Bonds that constitutes an “issuance cost” within the meaning of Section 147(g) of the Code.
Credit Facility means a letter of credit, line of credit, standby purchase agreement, municipal bond
insurance policy, surety bond or other financial instrument which obligates a third party to pay or provide funds for
the payment of the principal or purchase price of and/or interest on any Bonds and which is designated as a Credit
Facility in the Supplemental Resolution authorizing the issuance of such Bonds. The initial Credit Facility for the
2010A Bonds is the Letter of Credit and Reimbursement Agreement, dated as of February 1, 2010, by and among the
Commission, the Trustee and JPMorgan Chase Bank, National Association, and the letter of credit issued thereunder.
Credit Provider means the person or entity obligated to make a payment or payments with respect
to any Bonds under a Credit Facility. The initial Credit Provider for the 2010A Bonds is JPMorgan Chase Bank,
National Association.
Credit Provider Bonds means any Variable Rate Bonds registered in the name of a Credit
Provider, or its nominee or agent, pursuant to the 1991 Master Resolution.
Credit Provider Interest Rate means the interest rate, not to exceed the maximum interest rate
permitted by law, payable on Credit Provider Bonds of a Series and determined pursuant to the related Credit
Facility.
Draw means a request for payment in accordance with the terms of a Credit Facility, Alternate Credit
Facility, Liquidity Facility or an Alternate Liquidity Facility, as the case may be; to “Draw” means to request such
payment.
Expiration Date means the stated expiration date of a Credit Facility, Alternate Credit Facility, a
Liquidity Facility or Alternate Liquidity Facility, as the case may be, as it may be extended from time to time as
provided therein, as the case may be, or any earlier date on which such Credit Facility, Alternate Credit Facility,
Liquidity Facility or Alternate Liquidity Facility shall terminate, expire or be cancelled.
Expiration Tender Date means the day five (5) Business Days prior to the Expiration Date.
Electronic Means means telecopy, telegraph, telex, facsimile transmission, email transmission or
other similar electronic means of communication of a written image, and shall include a telephonic communication
promptly confirmed in writing or by electronic transmission of a written image.
Event of Default means any one or more of the events described hereinafter under the caption
“Events of Default”.
Fiscal Year means the one-year period beginning on July 1 of each year and ending on June 30 of the
succeeding year, or such other one-year period as the Commission shall designate as its Fiscal Year.
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