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which obligates a third party to make payment or provide funds for the payment of financial <br /> obligations of the City. There may be one or more Credit Facilities outstanding at any time. <br /> Debt Service means, for any period of time, <br /> (a) with respect to any outstanding Original Issue Discount Bonds or Capital <br /> Appreciation Bonds which are not designated as Balloon Maturity Bonds in the ordinance <br /> authorizing their issuance, the principal amount thereof shall be equal to the Accreted Value <br /> thereof maturing or scheduled for redemption in such period, and the interest payable during <br /> such period; <br /> (b) with respect to any outstanding Fixed Rate Bonds, an amount equal to (1) the <br /> principal amount of such Fixed Rate Bonds due or subject to mandatory redemption during such <br /> period and for which no sinking fund installments have been established, (2) the amount of any <br /> payments required to be made during such period into any sinking fund established for the <br /> payment of any such Fixed Rate Bonds, plus (3) all interest payable during such period on any <br /> such outstanding Fixed Rate Bonds and with respect to Fixed Rate Bonds with mandatory <br /> sinking fund requirements, calculated on the assumption that mandatory sinking fund <br /> installments will be applied to the redemption or retirement of such Fixed Rate Bonds on the date <br /> specified in the ordinance authorizing such Fixed Rate Bonds; and <br /> (c) with respect to all other series of Parity Bonds, other than Fixed Rate Bonds, <br /> Original Issue Discount Bonds or Capital Appreciation Bonds, specifically including but not <br /> limited to Balloon Maturity Bonds and Parity Bonds bearing variable rates of interest, an amount <br /> for any period equal to the amount which would have been payable for principal and interest on <br /> such Parity Bonds during such period computed on the assumption that the amount of Parity <br /> Bonds as of the date of such computation would be amortized (i) in accordance with the <br /> mandatory redemption provisions, if any, set forth in the ordinance authorizing the issuance of <br /> -8- P:\20287 CM\M20287 9RC 01/02/13 <br />