“Issue Date” means, with respect to a Series 2018 Bond, the date of initial issuance and delivery of the Series 2018 Bond to the Underwriter in exchange for the purchase price of the Series 2018 Bond. “Letter of Representations” means the Blanket Issuer Letter of Representations between the University and DTC, dated May 10, 2002, as it may be amended from time to time, and any successor or substitute letter relating to the operational procedures of the Securities Depository. “Master Resolution” means Restated Master Resolution No. 12-02 adopted by the Board on February 3, 2012. “MSRB” means the Municipal Securities Rulemaking Board. “Outstanding Parity Bonds” means the Series 2008 Bonds maturing on May 1, 2018, the Series 2010A Bonds, the Series 2010B Bonds, the Series 2012 Bonds, the Series 2013 Bonds, and the Series 2016 Bonds. “Owner” means, without distinction, the Registered Owner and the Beneficial Owner. “Project” means acquiring, constructing, and equipping a new residence hall and dining facility on the University’s main campus in Ellensburg, renovating an existing student apartment complex, and other System improvements. “Rating Agency” means any nationally recognized rating agency then maintaining a rating on the Series 2018 Bonds at the request of the University. “Record Date” means the Registrar’s close of business on the 15th day of the month preceding an interest payment date. With respect to redemption of a Series 2018 Bond prior to its maturity, “Record Date” means the Registrar’s close of business on the date on which the Registrar sends the notice of redemption in accordance with Section 8 of this Series Resolution.
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