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"Bond Purchase Agreement"means an agreement between the Authority and a Member or
<br /> a Local Agency,pursuant to which the Authority agrees to purchase Indebtedness from a Member
<br /> or a Local Agency, as the case may be.
<br /> "City"means the City of Santa Ana.
<br /> "Fiscal Year" means the fiscal year of the Authority as established from time to time by
<br /> the Board, being at the date of this Agreement the period from July 1 in any calendar year to and
<br /> including June 30 in the succeeding calendar year.
<br /> "Housing Authority"means the City of Santa Ana Housing Authority.
<br /> "Indebtedness" means bonds, notes or other evidences of indebtedness, and all other
<br /> obligations, instruments and agreements constituting`Bonds"under the Joint Powers Law, which
<br /> are issued or incurred by or on behalf of the Authority, a Member or a Local Agency pursuant to
<br /> the Bond Law or pursuant to any other provision of law to finance the lease, acquisition,
<br /> construction or improvement of Public Capital Improvements,Working Capital Requirements, or
<br /> liability or other insurance needs of any Local Agency(the"Local Obligations").
<br /> "Joint Powers Law" means Articles 1 through 4 (commencing with Section 6500) of
<br /> Chapter 5, Division 7, Title 1 of the California Government Code, as amended from time to time.
<br /> "Liability Share" means, with respect to any Member, the amount of a judgment for
<br /> damages divided by the number of Members at the time the act or omission occurred, unless any
<br /> portion of the judgment arises from an act or omission directly related to the studying, planning,
<br /> financing, developing, acquiring, purchasing, construction, reconstructing, implementing,
<br /> improving, enlarging, enhancing, operating, maintaining, selling, disposing of, or
<br /> decommissioning of any project undertaken by the Authority under this Agreement,in which case,
<br /> with respect to such portion, the term "Liability Share" shall mean, with respect to any Member,
<br /> the amount of such portion multiplied by a fraction equal to(i)such Member's entitlement or right,
<br /> if any, to participate in such project at the time the act or omission occurred, divided by (ii) the
<br /> aggregate amount of all Members' entitlements or rights to participate in such project at the time
<br /> the act or omission occurred.
<br /> "Local Agency"means each of the Members,any agency or subdivision of a Member,and
<br /> any other city, county, authority, district or public corporation of the State of California.
<br /> "Members" means, collectively, all of the Members that are parties to this Agreement,
<br /> which Members shall initially consist of the City of Santa Ana and the City of Santa Ana Housing
<br /> Authority and which shall include all additional Members that become parties hereto pursuant to
<br /> the provisions of Section 7.02 hereof;provided,however,that the term"Member"shall not include
<br /> any entity which shall have withdrawn or been excluded from the Authority pursuant to Section
<br /> 7.03 hereof.
<br /> "Public Agency" has the meaning given to the term "public agency" in Article 1 of the
<br /> Joint Powers Law, as may be amended from time to time.
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