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Escrow Agreement means the Escrow Deposit Agreement to be dated as of the date of <br /> closing and delivery of the 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 m eans t hose obligations now o r hereafter d efined a s s uch i n <br /> chapter 39.53 RCW. <br /> Improvement Bonds means that portion of the Bonds authorized to be issued herein for <br /> the purpose of financing the cost of the Projects. <br /> Insurer means the municipal bond insurance company, if any, selected and designated by <br /> the Finance Director, pursuant to Section 21 of this ordinance, or any successor thereto or <br /> assignee thereof, as issuer of a Bond Insurance Policy for 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, with respect to any issue of Parity Bonds, the <br /> maximum amount of Annual Debt Service that will become due in any future calendar year on <br /> such Parity Bonds then outstanding. <br /> MSRB means the Municipal Securities Rulemaking Board. <br /> 1993 Bonds means the City's outstanding Water and Sewer Revenue Refunding Bonds, <br /> Series 1993 of the City, issued under date of November 1, 1993, pursuant to Ordinance <br /> No. 1963-93 and Resolution No. 3858. <br /> 1997 Bonds means the City's outstanding Water and Sewer Revenue Bonds, Series 1997, <br /> of the City, issued under date of March 1, 1997, pursuant to Ordinance No. 2208-97. <br /> -7- P:\CMW\CMW5NP 04/22/03 <br />