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DTC means The Depository Trust Company, New York, New York, a limited purpose <br /> trust company organized under the laws of the State of New York, as depository for the Bonds <br /> pursuant to Section 3 hereof. <br /> Escrow Agent means the financial institution selected by the Treasurer pursuant to <br /> Section 7 of this ordinance. <br /> Escrow Agreement means the Escrow Deposit Agreement to be dated as of the date of <br /> closing and delivery of the Bonds substantially in the form attached hereto as Exhibit A. <br /> Government Obligations means those obligations now or hereafter defined as such in <br /> chapter 39.53 RCW. <br /> Letter of Representations means the blanket issuer letter of representations from the City <br /> to DTC. <br /> MSRB means the Municipal Securities Rulemaking Board or any successor to its <br /> functions. <br /> Net Proceeds, when used with reference with the Bonds, means the principal amount of <br /> the Bonds, plus accrued interest and original issue premium, if any, and less original issue <br /> discount, if any. <br /> Notice of Sale means the notice of bond sale authorized to be given in Section 11 of this <br /> ordinance. <br /> Private Person means any natural person engaged in a trade or business or any trust, <br /> estate, partnership, association, company or corporation. <br /> Private Person Use means the use of property in a trade or business by a Private Person if <br /> such use is other than as a member of the general public. Private Person Use includes ownership <br /> of the property by the Private Person as well as other arrangements that transfer to the Private <br /> -4- P:\20287 CMVN20287 9RD 08/14/12 <br />