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(i) above; or (b) for any other period, the product of 1.25 times Maximum Annual Debt Service <br /> on all Parity Bonds then outstanding. <br /> Debt Service Account means the account of that name created in the Revenue Bond Fund <br /> by Section 7 of Ordinance No. 1433-88. <br /> DTC means The Depository Company, New York, New York, a limited purpose trust <br /> company organized under the laws of the State of New York, as depository for the Bonds <br /> pursuant to Section 4 hereof. <br /> Escrow Agreement means the escrow deposit agreement between the City and Bond <br /> Registrar, acting in the capacity of escrow agent, pursuant to which the net proceeds of the <br /> Bonds will be invested pending disbursement to redeem and retire the 1992 Bonds. <br /> Finance Director means the duly qualified, appointed and acting Finance <br /> Director-Treasurer of the City or any other officer who succeeds to the duties now delegated to <br /> that office. <br /> Government Obligations means those obligations now or hereafter defined as such in <br /> chapter 39.53 RCW. <br /> Insurance Commitment means the commitment for the issuance of the Policy issued by <br /> the Insurer. <br /> Insurer means Financial Security Assurance Inc., a New York stock insurance company, <br /> or any successor thereto, as issuer of the Policy with respect to the Bonds. <br /> Letter of Representations means the blanket issuer letter of representations from the City <br /> to DTC. <br /> -5- P 1CMW\CMW5BE 02/05/21 <br />