Indenture of Trust (1996) - Laserfiche WebLink

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"Rating Category" means, with respect to any Permitted Investment, one of the generic categories of rating by Moody's and S&P applicable to such Permitted Investment, without regard to any refinement or graduation of such rating category by a plus or minus sign or a numeral. "Record Date" means, with respect to any Interest Payment Date, the fifteenth (15th) calendar day of the month preceding such Interest Payment Date,whether or not such day is a Business Day. "Redemption Fund" means the fund by that name established pursuant to Section 5.06. "Registration Books" means the records maintained by the Trustee pursuant to Section 2.05 for the registration and transfer of ownership of the Bonds. "Reserve Account" means the account by that name in the Bond Fund established pursuant to Section 5.02(c). "Reserve Requirement" means, as of the date of calculation, the maximum amount obtained by totaling, for the current or any future Bond Year, the sum of: (a) the principal amount of all Outstanding Bonds maturing in such Bond Year; and (b)the interest scheduled to become payable during such Bond Year on the aggregate principal amount of Bonds which would be Outstanding in such period if the Bonds are retired as scheduled. "Revenues" means: (a) all amounts received by the Authority or the Trustee pursuant to or with respect to the Lease Agreements, including, without limiting the generality of the foregoing, all of the Lease Payments (including both timely and delinquent payments,any late charges, and whether paid from any source), prepayments and insurance proceeds, but excluding any Additional Payments; and (b) all interest, profits or other income derived from the investment of amounts in any fund or account established pursuant to this Indenture. "S&P" means Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies,Inc.,New York,New York,or its successors. "Securities Depositories" means The Depository Trust Company, 711 Stewart Avenue, Garden City, NY 11530, Fax (516) 227-4171 or 4190; Philadelphia Depository Trust Company, Reorganization Division, 1900 Market Street, Philadelphia, PA 19103, Attention: Bond Department, Fax (215) 496-5058; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the Authority may designate in a Written Certificate of the Authority delivered to the Trustee. "State" means the State of California. "Supplemental Indenture" means any indenture hereafter duly authorized and entered into between the Authority and the Trustee, supplementing, modifying or amending this Indenture; but only if and to the extent that such Supplemental Indenture is specifically authorized hereunder. "Trustee" means U.S. Trust Company of California,N.A.,a national banking association organized and existing under the laws of the United States of America, or its successor, as Trustee hereunder as provided in Section 8.01. 9