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

APPENDIX E
SUMMARY OF CERTAIN PROVISIONS OF
THE CONTINUING DISCLOSURE CERTIFICATE
The following is a summary of certain provisions of the Continuing Disclosure Certificate to be executed
and delivered by the Commission in connection with the issuance of the 2010A Bonds (the “Disclosure
Certificate”). This summary is not to be considered as a full statement of the Disclosure Certificate and reference is
made thereto for the full details of the terms thereof.
Purpose
The Disclosure Certificate is being executed and delivered by the Commission for the benefit of the
Holders and Beneficial Owners of the 2010A Bonds and in order to assist the Participating Underwriter in
complying with SEC Rule 15c2-12(b)(5).
Definitions
In addition to the definitions set forth in the 1991 Master Resolution, which apply to any capitalized term
used in the Disclosure Certificate unless otherwise defined below, the following capitalized terms have the
following meanings for purposes of the Disclosure Certificate:
“Annual Disclosure Report” shall mean any Annual Disclosure Report provided by the Commission
pursuant to, and as described in, the Disclosure Certificate.
“Beneficial Owner” shall mean any person who has or shares the power, directly or indirectly, to make
investment decisions concerning ownership of any 2010A Bonds, including persons holding 2010A Bonds through
nominees, depositories or other intermediaries.
“Dissemination Agent” shall mean the Commission, or any successor Dissemination Agent designated in
writing by the Commission and which has filed with the Commission a written acceptance of such designation.
“Listed Events” shall mean any of the events listed in as such in the Disclosure Certificate.
“Participating Underwriter” shall mean any of the original underwriters of the 2010A Bonds required to
comply with the Rule in connection with offering of the 2010A Bonds.
“Repository” shall mean any Electronic Municipal Market Access site maintained by the Municipal
Securities Rulemaking Board at http://emma.msrb.org or any other entity designated or authorized by the Securities
and Exchange Commission to receive reports pursuant to the Rule.
“Rule” shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the
Securities Exchange Act of 1934, as the same may be amended from time to time.
“State” shall mean the State of California.
Provision of Annual Disclosure Reports
The Commission shall, or shall cause the Dissemination Agent to, not later than 210 days after the end of
the Commission’s fiscal year (which currently ends June 30), commencing with the report for the 2008-09 Fiscal
Year, provide to the Repository an Annual Disclosure Report which is consistent with the requirements of the
Disclosure Certificate, with a copy to the Trustee. The Annual Disclosure Report must be submitted in electronic
format, accompanied by such identifying information as is prescribed by the Repository and may be submitted as a
single document or as separate documents comprising a package, and may cross-reference other information as
provided in the Disclosure Certificate; provided that the audited financial statements of the Commission may be
submitted separately from the balance of the Annual Disclosure Report, and later than the date required above for
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