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Cont. (Part 3)
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Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
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Cont. (Part 3)
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Exhibit C <br /> Auction Agent <br /> Agreement <br /> AUCTION AND SETTLEMENT PROCEDURES <br /> Section 1. Definitions. Capitalized terms used herein and not otherwise defined <br /> shall have the meanings given such terms in the Indenture. <br /> "Available ARS" has the meaning set forth in Section 2(c)(i)(A) hereof. <br /> "Bid"has the meaning set forth in Section 2(a)(i) hereof. <br /> "Bidder" has the meaning set forth in Section 2(a)(i) hereof. <br /> "Buyer's Broker-Dealer" has the meaning set forth in Section 3(a) hereof. <br /> "Hold Order"has the meaning set forth in Section 2(a)(i) hereof. <br /> "Order" has the meaning set forth in Section 2(a)(i) hereof. <br /> "Sell Order"has the meaning set forth in Section 2(a)(i) hereof. <br /> "Seller's Broker Dealer" has the meaning set forth in Section 3(a) hereof. <br /> "Submitted Bid" has the meaning set forth in Section 2(c)(i) hereof. <br /> "Submitted Hold Order"has the meaning set forth in Section 2(c)(i) hereof. <br /> "Submitted Order"has the meaning set forth in Section 2(c)(i) hereof. <br /> "Submitted Sell Order" has the meaning set forth in Section 2(c)(i) hereof. <br /> "Sufficient Clearing Bids" has the meaning set forth in Section 2(c)(i) hereof. <br /> "Winning Bid Rate" has the meaning set forth in Section 2(c)(i) hereof. <br /> Section 2. Auction Procedures. So long as the ownership of the ARS is <br /> maintained in book-entry form by the Securities Depository, an Existing Holder may sell, transfer <br /> or otherwise dispose of ARS that are not Fixed only pursuant to a Bid or Sell Order placed in an <br /> Auction or through a Broker-Dealer, provided that, in the case of all transfers other than pursuant <br /> to Auctions, such Existing Holder, its Broker-Dealer or its Participant advises the Auction Agent <br /> of such transfer. Subject to the provisions of the Indenture, Auctions shall be conducted on each <br /> Auction Date, if there is an Auction Agent on such Auction Date, in the following manner: <br /> LA1-6975e.2 C-1 <br />
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