747-17 Master Resolution for Infrastructure Sales Surtax Revenue Bond (City Hall Project), Series 2017

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"Maximum Permitted Maturity" shall mean December 31, 2024; provided, however, that if a majority of the qualified electors voting in a referendum called for the purpose of extending the levy of the one-cent discretionary infrastructure sales surtax pursuant to Section 212, Florida Statutes, for an additional period of time, as permitted by applicable law, shall approve the levy of such surtax for an additional period of time beyond the current expiration date of December 31, 2024, "Maximum Permitted Maturity" shall mean the day following the last date of such additional period of time approved in the referendum. "Mayor" shall mean the Mayor of the Issuer, or in his or her absence, the Vice Mayor of the Issuer, or such other person as may be duly authorized by the City Council of the Issuer to act on his or her behalf. "Outstanding" when used with reference to Bonds and as of any particular date, shall describe all Bonds theretofore and thereupon being authenticated (if applicable) and delivered except (1) any Bond in lieu of which another Bond or other Bonds have been issued under an agreement to replace lost, mutilated or destroyed Bonds, (2) any Bond surrendered by the Holder thereof in exchange for another Bond or other Bonds under Sections 2.06 and 2.08 hereof, (3) Bonds canceled after purchase in the open market or because of payment at or redemption prior to maturity, and (4) Bonds which have been defeased pursuant to Section 8.01 hereof. "Paying Agent" shall mean any paying agent for Bonds appointed by or pursuant to a Supplemental Resolution and its successors or assigns, and any other Person which may at any time be substituted in its place pursuant to this Resolution. Notwithstanding anything herein to the contrary,the Paying Agent for the Series 2017 Bond is the Clerk. "Permitted Investments"shall mean any investments authorized pursuant to the laws of the State and the Issuer's written investment policy,if any. "Person" shall mean an individual, a corporation, a partnership, an association, a joint stock company, a trust, any unincorporated organization or governmental entity. "Pledged Funds" shall mean the Pledged Revenues and until applied in accordance with the provisions of this Resolution, all moneys, including investments thereof, in the funds and accounts established hereunder, other than the Unrestricted Revenue Account; provided, however, that proceeds deposited in a subaccount in the Construction Fund established in connection with the issuance of a particular Series of Bonds shall only secure such Series, and further, with respect to the Series 2017 Bond, "Pledged Funds" does not include the Reserve Fund or any subaccount created therein. "Pledged Revenues" shall mean the Sales Tax Revenues and shall not include any direct subsidy payments received by the Issuer from the United States Treasury relating to Direct Subsidy Bond or any other interest subsidy or similar payments made by the Federal Government until deposited into the Interest Account. "President" shall mean the President of the City Council of the Issuer, or in his or her absence, the Vice President of the City Council of the Issuer, or such other person as may be duly authorized by the City Council of the Issuer to act on his or her behalf. "Principal Account" shall mean the separate account in the Debt Service Fund established pursuant to Section 4.04 hereof. "Project" shall mean, collectively, the Initial Project and any Additional Project. "Redemption Price" shall mean, with respect to any Bond or portion thereof, the principal amount or portion thereof, plus the applicable premium, if any, payable upon redemption thereof pursuant to such Bond or this Resolution. "Registrar" shall mean any registrar for the Bonds appointed by or pursuant to a Supplemental Resolution and its successors and assigns, and any other Person which may at 4