Ordinance 2012-384 - Laserfiche WebLink

Home Browse Search

the redemption date or dates specified in the irrevocable instructions referred to m subclause (i) of this clause (2), as appropriate; and (3) Evidences of ownership of proportionate interests in future interest and principal payments on obligations described in clause (1) above held by a bank or trust company as custodian. "Event of Default" shall mean an event of default specified III Article VIII of this Agreement. "Fiscal Year" means the period commencing on October 1 of each year and ending on the succeeding September 30, or such other consecutive 12-month period as may be hereafter designated as the fiscal year of the City pursuant to general law. "Governing Body" means the City Commission of the City, or its successor in function. "Holder" means the registered owner (or its authorized representative) of the Bond from time to time, initially the Bank. "Loan Documents" means this Agreement, the Bond, the Ordinance and all other documents, agreements, certificates, schedules, notes, statements, and opinions, however described, referenced herein or executed or delivered pursuant hereto or in connection with or arising with the Loan or the transaction contemplated by this Agreement. "Mayor" means the Mayor of the City and such other person as may be authorized to act on his or her behalf. "Non-Ad Valorem Revenues" means all revenues of the City derived from any source other than ad valorem taxation on real or personal property and which are legally available to make the payments required under this Agreement; but only after the payment of services and programs which are for essential public purposes affecting the health, welfare and safety of the inhabitants of the City or which are legally mandated by applicable law. "Person" mean natural persons, firms, trusts, estates, associations, corporations, partnerships and public bodies. "State" means the State of Florida. Section 1.2. Interpretation. Unless the context clearly requires otherwise, words of masculine gender shall be construed to include correlative words of the feminine and neuter genders and vice versa, and words of the singular number shall be construed to include correlative words of the plural number and vice versa. This Agreement and all the terms and provisions hereof shall be construed to effectuate the purposes set forth herein and to sustain the validity hereof. Section 1.3. Titles and Headings. The titles and headings of the articles and sections of this Agreement have been inserted for convenience of reference only and are not to be considered a part hereof, shall not in any way modify or restrict any of the terms and provisions 3 MfA 182,397,885vI3-5-12