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i <br /> h <br /> "Purchase Price" means $9,920,000 plus accrued interest to the date of delivery of the <br /> Bonds. <br /> "Purchaser" means BMO Capital Markets GKST Inc., Chicago, Illinois. <br /> "Qualified Investments" means any investments for City funds as may be from time to <br /> time authorized under Illinois law. <br /> "Record Date" means the fifteenth (15th) day of the month next preceding any regular or <br /> other interest payment date that occurs on the first (1 st) day of a month and 15 days preceding <br /> an interest a ment date occasioned b the redem tion of Bonds on other than the first da of a <br /> Y PY Y P Y <br />, month. <br /> "Representation Letter" means a representation letter by and between the City and a <br /> Depository and necessary to effectuate a book entry system for the Bonds.. <br /> "Tax-exempt" means, with respect to the Bonds, the status of interest paid and received <br /> thereon as excludable from the gross income of the owners thereof under the Code for federal <br /> income tax purposes except to the extent that such interest is taken into account in computing an <br /> adjustment used in determining the alternative minimum tax for certain corporations. <br /> "Term Bonds" means Bonds subject to mandatory redemption by operation of the Bond <br /> Fund and designated as term bonds herein. <br /> C. For all purposes of this Ordinance, except as otherwise expressly provided herein or <br /> unless the context otherwise requires: <br /> 1. The terms defined in this Section or elsewhere in this Ordinance have the <br /> meanings assigned to them and include the plural as well as the singular(or vice-versa). <br /> 2. All accounting terms not otherwise defined herein have the meanings <br /> assigned to them, and all computations herein provided for shall be made, in accordance <br /> with generally accepted accounting principles for municipal enterprise funds. <br /> -7- <br />