82-051 - Laserfiche WebLink

Home Browse Search

(h) Deed of Trust. "Deed of Trust" means the deed of trust, dated as of April l, 1982, from the Participating Party, as trustor to the City, as beneficiary, executed pursuant to the Agreement. (il Event of Taxability. "Event of Taxability" has the meaning given to such term in Section 4.13 of the Agreement. (j) Federal Securities. "Federal Securities" means United States Treasury notes, bonds, bills or certificates of indebtedness or those for which the faith and credit of the United States are pledged for the payment of principal and interest; obligations issued by banks for cooperatives, federa~ land banks, federal intermediate credit banks, federal home loan banks, the Federa! Home Loan Bank Board, the Tennessee Valley Authority, or obligations, participations, or other instruments of or issued by, or fully guaranteed as to principal and interest by, the Federal National Mortgage Association; or participation certificates evidencing beneficial interests in obligations, or in the right to receive interest and principal collections therefrom, which obligations have been subjected by one or more government agencies to a trust or trusts for which any executive department, agency or instrumentality of the United States (or the head thereof) has been named to act as trustee, all as to and the extent that such securities are eligible for the legal investment of City funds. (k) Financial Newspaper. "Financial newspaper" means The Wall Street Journal or The Daily Bond Buyer or any other newspaper printed in the English language, customarily published on each business day, publishing financial news, circulated in New York, New York, and the same or similar newspaper or journa'~circulated in Los Angeles, Ca~fornia, and selected by the Bank, whose decision shall be final and conclusive. (1) Financing. "Financing" and its variants mean the lending of moneys or any other thing of value for the purpose of facilitating the construction of the Project on the Site pursuant to the Ordinance. (m) Fiscal Year. "Fiscal Year" means any twelve-month period extending from July 1 in one calendar year to June 30 of the succeeding calendar year, both inclusive, or any other twelve-month period hereafter selected and designated by the City as its official fiscal year period. (n) Loan. "Loan" means the loan made by the City to the Participating Party for the Financing of the construction of the Project on the Site pursuant to the Agreement and evidenced by the Promissory Note. (o) Note. "Note" means the City of Santa Ana 1982 Industrial Revenue Note (Mi~'~'~-ishi Consumer Electronics America, Inc.) authorized to be issued by Section 2.01 hereof. (p) Note Fund. "Note Fund" means the fund by that name created pursuant to Section 4.02 hereof. 3