PROJ01923 (2) - Laserfiche WebLink

Home Browse Search

"Bond Counsel' means (a) as of the date of issuance ofthe Bonds, Kutak Rock LLP, of Denver, Colorado, and (b) as of any other date, Kutak Rock LLP or such other attorneys selected by the Town with nationally recognized expertise in the issuance of municipal bonds, "Business Day" means any day other than (a) a Saturday or Sunday or (b) a day on which banking institutions in the State are authorized or obligated by law or executive order to be closed for business, "Capital Improvements" means the acquisition of land, water or water rights, easements, facilitie:s, and equipment (other than ordinary repairs and replacements), and the construction or reconstruction of improvements, betterments, and extensions, for use by or in connection with the System which, under Generally Accepted Accounting Principles for governmental units as prescribed by the Governmental Accounting Standards Board, are properly chargeable as capital items, "Cede" means Cede & Co" the nominee of DTC as record owner of the Bonds, or any successor nominee ofDTC with respect to the Bonds. "Code" means the Internal Revenue Code of 1986, as amended, Each reference to a section of the Code herein shall be deemed to include the United States Treasury Regulations proposed or in effect thereunder and applicable to the Bonds or the use of proceeds thereof, unless the context clearly requires otherwise, "C.R.S." means the Colorado Revised Statutes, as amended and supplemented as of the date hereof. "Dated Date" means the dated date for the Bonds set forth in the Sale Certificate, "DTe' means the Depository Trust Company, New York, New York, and its successors and assigns, which shall act as the initial securities depository of the Bonds. "DTC Blanket Letter of Representations" means the agreement between the Town and DTC whereby the Town agrees to comply with DTC's operational requirements, "Escrow Account' means the account established and designated as such in the section hereof entitled "Escrow Account" to be maintained by the Bank in accordance with the Escrow Agreement and the provisions hereof. "Escrow Agreemenf' means the Refunding Escrow Agreement, 2004, concerning the 1979 Bonds between the Town and the Bank. "Event of Default' means any of the events specified in the section hereof entitled "Events of Default. " "Federal Securities" means bills, certificates of indebtedness, notes, bonds or similar securities which are direct non-callable obligations of the United States of America or which are fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America, 02-178054,3 3