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<br />"Interest Date" shall be such date or dates for the payment of <br />interest on a series of Bonds as shall be provided by Supplemental <br />Resolution. <br /> <br />"Issuer" shall mean the City of Casselberry, Florida. <br /> <br />"Maximum Annual Debt Service" shall mean the largest amount of <br />Annual Debt Service for any Fiscal Year in which Bonds shall be <br />Outstanding, excluding all Fiscal Years which shall have ended <br />prior to the Fiscal Year in which Maximum Annual Debt Service shall <br />be computed. <br /> <br />"Maximum Interest Rate" shall mean, with respect to any par- <br />ticular Variable Rate Bonds, a numerical rate of interest, which <br />shall be set forth in the Supplemental Resolution of the Issuer <br />delineating the details of such Bonds, that shall be the maximum <br />rate of interest such Bonds may at any time bear in the future in <br />accordance with the terms of such Supplemental Resolution. <br /> <br />"Mayor/Commissioner" shall mean the Mayor/Commissioner of the <br />Issuer, or such other person as may be duly authorized by the <br />Issuer to act on his or her behalf. <br /> <br />"Moody's Investors Service" shall mean Moody's Investors <br />Service, and any assigns or successors thereto. <br /> <br />"Outstanding" when used with reference to Bonds and as of any <br />particular date, shall describe all Bonds theretofore and thereupon <br />being authenticated and delivered except, (1) any Bond in lieu of <br />which another Bond or other Bonds have been issued under an agree- <br />ment to replace lost, mutilated or destroyed Bonds, (2) any Bond <br />surrendered by the Holder thereof in exchange for another Bond or <br />other Bonds under sections 2.06 and 2.08 hereof, (3) Bonds deemed <br />to have been paid pursuant to Section 8.01 hereof, and (4) Bonds <br />canceled after purchase in the open market or because of payment at <br />or redemption prior to maturity. <br /> <br />"Paying Agent" shall mean any paying agent for Bonds appointed <br />by or pursuant to this Resolution and its successors or assigns, <br />and any other Person which may at any time be substituted in its <br />place pursuant to this Resolution. <br /> <br />"Permitted Investments" shall mean any investments authorized <br />pursuant to the laws of the State, as further designated by Supple- <br />mental Resolution. <br /> <br />"Person" shall mean an individual, a corporation, a partner- <br />ship, an association, a joint stock company, a trust, any unin- <br />corporated organization or governmental entity. <br /> <br />"Pledged Funds" shall mean (1) the Half-Cent Sales Tax <br />Revenues, and (2) until applied in accordance with the provisions <br /> <br />5 <br />