Resolution No. 4624 - Laserfiche WebLink

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(B) payments of judgments against the City and payments for the settlement of litigation; (C) depreciation and amortization of property values or losses; (D) all amounts treated for accounting purposes as payments for capital expenditures including transfers to other funds for capital purposes; (E) debt service payments; and, (F) the expenses of owning, operating or maintaining any Separate Facilities. "ORS" means the Oregon Revised Statutes. "Outstanding" refers to all Bonds authorized and delivered pursuant to this Master Resolution and any Supplemental Resolution except Bonds theretofore canceled or defeased pursuant to Section 10.3. "Owner" means a registered Owner of a Bond. "Parity Obligation" means any obligation payable from the Net Revenues which is issued in accordance with Section 5 on a parity oflien with the Series 2000 Bonds. "Payment Date" means a Principal Payment Date or an Interest Payment Date. "Permitted Investments" means any investments which the City is permitted to make under the laws of the State. "Principal Payment Date" means any date on which any Bond principal is due, whether by virtue of their maturity or by redemption. "Qualified Consultant" means an independent engineer, an independent auditor, an independent financial advisor, independent airport consultant, or similar independent professional consultant of recognized standing and having experience and expertise in the area for which such person or firm is retained by the City for purposes of performing activities specified in this Master Resolution or any Supplemental Resolution. "Rating Agency" means Fitch Investors Service, Inc., Moody's Investors Service, Standard & Poor's Corporation, their successors and assigns, or any other nationally recognized financial rating Agency which has rated Outstanding Bonds or a Credit Facility at the request of the City. "Registrar" means the registrar and paying agent for the Bonds, which is BNY Western Trust on the date of adoption of this Master Resolution. "Reserve Credit Facility" means a Credit Facility issued for the purpose of funding, in lieu of cash, all or any portion of the Reserve Requirement, under which the Credit Provider agrees to unconditionally provide the City with funds to transfer to the Bond Reserve Account if amounts are required to be withdrawn from that account to pay Bond principal, interest or premmm. Page 4 - Resolution March 23, 2000