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SA-3 - RESO TAX ALLOCATION BOND
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SA-3 - RESO TAX ALLOCATION BOND
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Last modified
7/12/2018 5:35:37 PM
Creation date
7/12/2018 5:27:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
7/17/2018
Destruction Year
2023
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["Bond Insurance Policy" and "2018 Bond Insurance Policy" have the following <br />meanings: "Bond Insurance Policy" shall mean, as the context suggests, each of the insurance <br />policies or the applicable insurance policy including, without limitation, the 2018 Bond <br />Insurance Policy, issued by the Bond Insurer guaranteeing the scheduled payment of principal of, <br />and the interest when due on, the applicable Series of Bonds. "2018 Bond Insurance Policy" <br />shall mean, respectively, the Municipal Bond Insurance Policy guaranteeing the scheduled <br />payment of principal of, and the interest when due on, the Insured Series 2018A Bonds and the <br />Insured Series 2018B Bonds, issued by the 2018 Bond Insurer and dated , 2018.] <br />["Bond Insurer" and "2018 Bond Insurer" have the following meanings: "Bond <br />Insurer" shall mean the issuer or issuers of a policy or policies of municipal bond insurance <br />obtained by the Agency to insure the payment of principal of and interest on a Series of Bonds <br />issued under this Indenture, when due otherwise than by acceleration, and which, in fact, are at <br />any time insuring such Series of Bonds. "2018 Bond Insurer" shall mean , <br />or any successor thereto or assignee thereof, as insurer of the Insured Series 2018 Bonds and <br />issuer of the 2018 Reserve Policy.] <br />"Bond Register" shall mean the registration books specified as such in Section 2.13 <br />hereof. <br />"Bond Year" shall mean (1) with respect to the initial Bond Year, the period from the <br />date the Bonds are originally delivered to and including the first succeeding September 1, and <br />(2) thereafter, each twelve-month period from September 2 in any calendar year to and including <br />September 1 in the following calendar year. <br />"Bonds" shall mean the Series 2018 Bonds and all Additional Bonds. <br />"Business Day" shall mean a day of the year on which banks in Los Angeles, California, <br />and any other place in which the Corporate Trust Office of the Trustee is located are not required <br />or authorized to remain closed and on which the New York Stock Exchange is not closed. <br />"City" shall mean the City of Santa Ana, California. <br />"Code" shall mean the Internal Revenue Code of 1986, as amended and any regulations <br />of the United States Department of the Treasury issued thereunder. <br />"Compliance Costs" shall mean those costs incurred by the Agency or the Trustee in <br />connection with their compliance with the Indenture and the Continuing Disclosure Agreement <br />that are chargeable against the Redevelopment Property Tax Trust Fund as provided in Section <br />5.01 and 6.16, including legal fees and charges, fees and disbursements of consultants and <br />professionals, raring agency fees, amounts to reimburse the Bond Insurer for draws on its Bond <br />Insurance Policy (including any other amounts due to the 2018 Bond Insurer), and Qualified <br />Reserve Account Credit Instruments, and all amounts required to be rebated to the United States <br />pursuant to Section 148(f) of the Code in accordance with Section 6.11 and the Tax Certificate. <br />"Consultant's Report" shall mean a report signed by an Independent Financial <br />Consultant or an Independent Redevelopment Consultant, as may be appropriate to the subject of <br />the report, and including: <br />4150-2542-5420.7 4 <br />40990-25 <br />SA -3-22 <br />
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