Official Statement Airport Commission City and County of San ...
Official Statement Airport Commission City and County of San ...
Official Statement Airport Commission City and County of San ...
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Special Facility means any existing or planned facility, structure, equipment or other property, real or<br />
personal, which is at the <strong>Airport</strong> or a part <strong>of</strong> any facility or structure at the <strong>Airport</strong> <strong>and</strong> designated as such by the<br />
<strong>Commission</strong>.<br />
Special Facility Bonds means any bonds, notes, bond anticipation notes, commercial paper or other<br />
evidences <strong>of</strong> indebtedness for borrowed money issued by the <strong>Commission</strong> to finance a Special Facility, the principal <strong>of</strong>,<br />
premium, if any, <strong>and</strong> interest on which are payable from <strong>and</strong> secured by Special Facility Revenues derived from such<br />
Special Facility, <strong>and</strong> not from or by Net Revenues.<br />
Special Facility Revenues means the revenues earned by the <strong>Commission</strong> from or with respect to any<br />
Special Facility <strong>and</strong> designated as such by the <strong>Commission</strong>.<br />
Subordinate Bonds means any evidences <strong>of</strong> indebtedness for borrowed money issued from time to<br />
time by the <strong>Commission</strong> pursuant to the 1991 Master Resolution, including but not limited to bonds, notes, bond<br />
anticipation notes, commercial paper, lease or installment purchase agreements or certificates <strong>of</strong> participation therein,<br />
with a pledge <strong>of</strong>, lien on, <strong>and</strong> security interest in Net Revenues which are junior <strong>and</strong> subordinate to those <strong>of</strong> the Bonds<br />
whether then issued or thereafter to be issued.<br />
Substitution Date means the date on which an Alternate Liquidity Facility is to be substituted for a<br />
Liquidity Facility, or a Liquidity Facility is otherwise modified or reduced such that the Purchase Price <strong>of</strong> any Variable<br />
Rate Bonds <strong>of</strong> the applicable Series will no longer be payable from such Liquidity Facility.<br />
Substitution Tender Date means the date five (5) Business Days prior to the Substitution Date.<br />
Supplemental Resolution means a resolution supplementing or amending the provisions <strong>of</strong> the 1991<br />
Master Resolution which is adopted by the <strong>Commission</strong> pursuant to Article IX <strong>of</strong> the 1991 Master Resolution.<br />
2009 Reserve Account means the 2009 Reserve Account established in the Reserve Fund pursuant to<br />
the Series Sale Resolution for the 2009C Bonds as security for the Series 2009C Bonds <strong>and</strong> any other 2009 Reserve<br />
Account Series designated by Supplemental Resolution or Series Sale Resolution as being secured by the 2009 Reserve<br />
Account.<br />
2009 Reserve Account Series means any Series <strong>of</strong> Bonds designated by Supplemental Resolution or<br />
Series Sale Resolution as being secured by the 2009 Reserve Account.<br />
2009 Reserve Requirement means an amount with respect to each 2009 Reserve Account Series<br />
equal to the lesser <strong>of</strong>: (i) Maximum Annual Debt Service for such Series <strong>of</strong> Bonds, (ii) 125% <strong>of</strong> average Annual Debt<br />
Service for such Series <strong>of</strong> Bonds, <strong>and</strong> (iii) 10% <strong>of</strong> the outst<strong>and</strong>ing principal amount <strong>of</strong> such Series, (or issue price <strong>of</strong><br />
such Series if such Series is sold with more than a de minimus amount <strong>of</strong> original issue discount or premium), in each<br />
case as determined from time to time, <strong>and</strong> with respect to all 2009 Reserve Account Series means the aggregate <strong>of</strong> such<br />
amounts for each individual 2009 Reserve Account Series.<br />
2009C Bonds means the <strong>San</strong> Francisco International <strong>Airport</strong> Second Series Revenue Refunding<br />
Bonds, Series 2009C.<br />
Transfer means (i) the amount deposited on the last Business Day <strong>of</strong> any Fiscal Year from the<br />
Contingency Account into the Revenues Account, plus (ii) any amounts withdrawn from the Contingency Account<br />
during such Fiscal Year for the purposes specified in the 1991 Master Resolution, less (iii) any amounts deposited in<br />
the Contingency Account from Revenues during such Fiscal Year.<br />
Trustee means, with respect to the 2010A Bonds, The Bank <strong>of</strong> New York Mellon Trust Company,<br />
N.A., <strong>and</strong> its successors <strong>and</strong> assigns <strong>and</strong> any other person or entity which may at any time be substituted for it, as<br />
successor trustee <strong>and</strong> paying agent under the Resolution.<br />
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