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506242089.1 <br /> <br /> -10- <br /> <br />Government Loans means the PWTF Loans, SRF Loans and subordinate lien revenue <br />loans received by the City in the future from the State of Washington or the United States of <br />America. <br />Government Obligations means those obligations now or hereafter defined as such in <br />chapter 39.53 RCW. <br />Improvement Bonds means the City’s water and sewer revenue bonds issued pursuant to <br />Section 3(b) of this ordinance. <br />Insurer means such bond insurance company, if any, from which a Bond Insurance <br />Policy may be acquired for one or more maturities of the Bonds. <br /> Letter of Representations means the blanket issuer letter of representations from the City <br />to DTC. <br />Maximum Annual Debt Service means the highest dollar amount of Annual Debt <br />Service in any fiscal year or Base Period for all outstanding Parity Bonds and/or for all <br />subordinate lien evidences of indebtedness secured by Revenue of the System, as the context <br />requires. <br />Moody’s means Moody’s Investors Service, Inc., its successors and their assigns, and, if <br />such corporation shall be dissolved or liquidated or shall no longer perform the functions of a <br />securities rating agency, Moody’s shall be deemed to refer to any other nationally recognized <br />securities rating agency (other than S&P and Fitch) designated by the Finance Director- <br />Treasurer. <br /> MSRB means the Municipal Securities Rulemaking Board.