July (pdf) - New York Power Authority

Paper Notes adopted by the Authority on November 25, 1997, as the same may be amended and
supplemented in accordance with its terms.
Counsel’s Opinion means an opinion signed by an attorney or firm of attorneys of nationally
recognized standing in the field of law relating to municipal bonds selected by the Authority.
Credit Facility means any letter of credit, standby bond purchase agreement, line of credit, policy of bond
insurance, surety bond, guarantee or similar instrument, or any agreement relating to the reimbursement
thereof, which is obtained by the Authority and is issued by a financial, insurance or other institution and
which provides security or liquidity in respect of any Outstanding Obligations, Parity Debt or Subordinated
Indebtedness.
Defeasance Security means (a) an Authorized Investment as specified in clause (i) of the definition
thereof, which is not callable or redeemable at the option of the issuer thereof; (b) any depositary receipt
issued by a Bank as custodian with respect to any Defeasance Security which is specified in clause (a)
above and held by such Bank for the account of the holder of such depositary receipt, or with respect to any
specific payment of principal of or interest on any such Defeasance Security which is so specified and
held, provided that (except as required by law) such custodian is not authorized to make any deduction
from the amount payable to the holder of such depositary receipt from any amount received by the
custodian in respect of the Defeasance Security or the specific payment of principal or interest evidenced
by such depositary receipt; (c) any certificate of deposit specified in clause (vii) of the definition of Authorized
Investments, including certificates of deposit issued by the Trustee or by a Paying Agent; (d) an Authorized
Investment as specified in clause (ii) of the definition thereof and (e) any other security designated in a
Supplemental Resolution as a Defeasance Security for purposes of defeasing the Obligations authorized
by such Supplemental Resolution.
Event of Default has the meaning provided in the discussion of Event of Default below.
Fiduciary or Fiduciaries means the Trustee, any Registrar, any Paying Agent, or any or all of them, as
may be appropriate.
General Resolution means the Power Authority of the State of New York General Resolution
authorizing Revenue Obligations adopted on February 24, 1998, as from time to time amended or
supplemented by any Supplemental Resolutions.
1985 Note Resolution means the resolution adopted by the Authority on April 30, 1985 entitled
‘‘Resolution Authorizing the Issuance of $200,000,000 Adjustable Rate Tender Notes,’’ as amended and
supplemented in accordance with the terms thereof.
1985 Notes means any notes issued and outstanding under the 1985 Note Resolution.
1974 Bonds means any bond or bonds issued in one or more series under the 1974 Resolution.
1974 Resolution means the General Purpose Bond Resolution adopted by the Authority on
November 26, 1974, as amended and supplemented in accordance with the terms thereof.
Obligations means any obligations, issued in any form of debt, authorized by a Supplemental
Resolution, including, but not limited to, bonds, notes, bond anticipation notes, and commercial paper,
which are delivered under the General Resolution, but such term shall not include any Subordinated
Contract Obligation or Subordinated Indebtedness.
App. 1-3