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

Rating Agency means Fitch, Moody's and Standard & Poor's or any other nationally recognized
credit rating agency specified in a Supplemental Resolution; provided, however, that the term “Rating Agency” shall in
any event include Fitch, Moody's or Standard & Poor's, respectively, during such time that such rating agency
maintains a credit rating on any series of Bonds Outstanding under the 1991 Master Resolution.
Rating Confirmation Notice means a notice from Moody’s, Standard & Poor’s or Fitch, as
appropriate, confirming that the rating on a Series of Variable Rate Bonds will not be withdrawn (other than a
withdrawal of a short term rating upon a change to a Term Rate Mode or Fixed Rate Mode) as a result of the action
proposed to be taken.
Record Date means, with respect to a Series of Variable Rate Bonds in a Weekly Mode, the day
(whether or not a Business Day) next preceding each Interest Payment Date.
Remarketing Agent means initially, with respect to the 2010A-1 Bonds, Barclays Capital Inc., with
respect to the 2010A-2 Bonds, Morgan Keegan & Company, Inc., and with respect to the 2010A-3 Bonds, RBC Capital
Markets Corporation, and such other investment banking firms which may be substituted for such initial Remarketing
Agents as provided in the 1991 Master Resolution. Unless the context otherwise requires, the term “Remarketing
Agent,” whenever used in this Appendix C, shall refer only to the applicable Remarketing Agent with respect to each
subseries of 2010A Bonds.
Renewal Date means the forty-fifth (45th) day prior to the Expiration Date.
Repayment Obligation means an obligation under a written agreement between the Commission and
a Credit Provider or Liquidity Provider to reimburse such Credit Provider or Liquidity Provider for amounts paid under
or pursuant to a Credit Facility or Liquidity Facility, as applicable, for the payment of the principal or purchase price of
and/or interest on any Bonds.
Revenues means all revenues earned by the Commission from or with respect to its possession,
management, supervision, operation and control of the Airport, as determined in accordance with generally accepted
accounting principles. Revenues shall not include: (i) interest income on, and any profit realized from, the investment
of moneys in (A) the Construction Fund or any other construction fund funded from proceeds of any Subordinate
Bonds, or (B) the Debt Service Fund which constitute capitalized interest, to the extent required to be paid into the Debt
Service Fund, or (C) the Reserve Fund if and to the extent there is any deficiency therein; (ii) interest income on, and
any profit realized from, the investment of the proceeds of any Special Facility Bonds; (iii) Special Facility Revenues
and any interest income or profit realized from the investment thereof, unless such receipts are designated as Revenues
by the Commission; (iv) any passenger facility charge or similar charge levied by or on behalf of the Commission
against passengers, unless all or a portion thereof are designated as Revenues by the Commission; (v) grants-in-aid,
donations and/or bequests; (vi) insurance proceeds which are not deemed to be Revenues in accordance with generally
accepted accounting principles; (vii) the proceeds of any condemnation award; (viii) the proceeds of any sale of land,
buildings or equipment; and (ix) any money received by or for the account of the Commission from the levy or
collection of taxes upon any property in the City.
Securities Industry and Financial Markets Association Municipal Swap Index means, with respect to
any Series of Variable Rate Bonds in the Weekly Mode for which a rate is not set pursuant to the Resolution, the
interest rate per annum determined on the basis of an index based upon the weekly interest rates of tax-exempt variable
rate issues included in a database maintained by the Indexing Agent which meet specific criteria established by the
Securities Industry and Financial Markets Association. In the event the Indexing Agent no longer publishes an index
satisfying the requirements of the preceding sentence, the rate shall be the “J.J. Kenny Index”, provided, however, that
if the J.J. Kenny Index also ceases to be published, an alternative index shall be calculated by an entity selected in good
faith by the Commission, and shall be determined using similar criteria for the Securities Industry and Financial
Markets Association Municipal Swap Index.
Series of Bonds or Bonds of a Series or Series shall mean a series of Bonds issued pursuant to the
1991 Master Resolution.
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