1980-075 CRA - Laserfiche WebLink

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Coverage Test has been met, setting forth the principal amount of Bonds projected to be redeemed from amounts projected to be held in the Asset Accumulation Fund and in the Debt Service Reserve Fund and Mortgage Reserve Fund by reason of a reduct ion in the Debt Service Reserve Requ irement and Mortgage Reserve Requirement on the next succeeding Interest Payment Date in order to maintain compl iance with the Asset Coverage Test and the amount whi ch may be made available to the Agency for any lawful purpose free of the lien of the Resolution, on the next succeeding Interest Payment Date. Au~horized Ne~sp~~ means a financial paper, or a newspaper of general circu ation in t e lty of Los Angeles, California, and The Daily Bond Buyer or other financial paper or newspaper circulated in the Borough of Manhattan, City and State of New York, each of which is published at least once a day for at least five (5) days (other than legal holidays) in each calendar week, and is printed in the English language, Authorized Officer means the Chairman, Executive Director or Secretary or any other officer or employee of the Agency authorized by resolution of the Agency to perform the act or sign the document in question. Bond or Bonds means the "Community Redevelopment Agency of the City of Santa Ana, Residential Mortgage Revenue Bonds, Issue of 1980", authorized by, and at any time outstanding pursuant to, this Resolution and bearing such further designation as is set forth in the Supplemental Resolution relating to such Bonds. hereunder. Bond Proceeds Fund means the Fund by that name which is established 80nd Register means the books kept hereunder by the Trustee for registration and transfer of the Bonds. 80nd Year means the twelve (12) month period commencing on June 2 of each year and ending on June 1 of the following year, or such other period as may be specified in a Supplemental Resolution. Bondholder or Holder of Bonds, or any similar term, means: (i) any person who shall be the holder of any Outstanding bearer Bond, or (ii) the registered owner or h is duly authorized attorney, trus tee, representat ive or assigns of any Outstanding Bond which shall at the 'time be registered so as to be payable other than to bearer. For the purpose of 80ndho1ders I voting rights or consent, Bonds owned by the Agency shall not be counted. Certificate of the Agency, Statement of the Agency, Written Request of the Agency and Written Consent of the Agency mean, respectively, a written certificate, statement, request or consent signed in the name of the Agency by an Author ized Offi cer for such purpose, with the seal of the Agency affi xed. Any such instrument and supporting opinions or representations, if any, may, but need not, be combined in a single instrument with any other instrument, opinion or representaion, and the two or more so combined shall be read and construed as a single instrument. 3 . . , . , . , .