1980-075 CRA - Laserfiche WebLink

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. ~ , . t . , , ",.-"...-_v -,'-,-"'" Certificate of Pledged Revenues means an Offic~r's Certificate showing as of any particular date: (1) For the current and each future Bond Year the arrount of scheduled or estimated amount of Revenues to be received in each such Bond Year and the Debt Service for each such Bond Year with respect to all Bonds to be Outstanding immediately after the issuance of the Certificate; (2) I n each such Bond Year, the di fference between (i) the Debt Service referred to in (1) above, and (ii) the Revenues referred to in (1) above; (3) That (i) such scheduled and estimated Revenues and any other revenues, investment income or funds reasonably estimated by the Agency to be available for the payment of such Debt Service referred to in (1) above are in each such Bond Year in excess of such Debt Service for each such Bond Year, and (ii) the remaining balance of such scheduled and estimated Revenues and other revenues, investment income or other funds available to pay budgeted or estimated Operating Expenses in each such Bond Year will be sufficient to pay budgeted or estimated Operating Expenses for each such Bond Year, the payment of which is not otherwise provided for; and, (4) If applicable, a schedule of Permitted Investments purchased or to be purchased by or on behalf of the Agency for investment of moneys in the Debt Service Reserve Fund. City means the City of Santa Ana, a nunicipal corporation duly organized and existing under and' by virtue of the Constitution and laws of the State of California, or any body, authority, agency or other entity which shall hereafter succeed to the powers, duties and functions of the City. Commitment Contract means the Commitment Contract (and Reservation of Funds) by and among the Agency, the Trustee, the Qualified Mortgage Lender and each developer of each Project whereby the Agency commits funds to purchase and the developer and Qualified Mortgage Lender agree to provide Mortgage Loans for purchase by the Trustee on behalf of the Agency. Condominium Project means the entire parcel of real property divided, or to be divided, pursuant to Section 1350, et seq., of the Civil Code of the State, into condominium Residences (as a condominium is defined in Section 783 of the Civil Code of the State), including all structures thereon. Costs of Issuance means items of expense payable or reimbursable directly or indirectly by the Agency and related to the authorization, sale, issuance and delivery of Bonds, which items of expense shall include but not be limited to, printing costs, costs of reproducing and binding documents, filing and recording fees, initial fees and charges of the Trustee and any Paying Agents, Bond discounts, legal fees and charges, bond counsel fees, special tax counsel fees, professional consultant's fees, costs of bond 4