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revenue bonds of the City issued under dates of December 1, 1965 and May 1, 1969, full <br /> provision for the payment of which has heretofore been made. <br /> "Reserve Account" means any account created in the Revenue Bond Fund to secure the <br /> payment of the principal of and interest on any Parity Bonds, including the common Reserve <br /> Account authorized to be created pursuant to Section 8.C(2) hereof <br /> "1988 Reserve Account" means the "1988 Water and Sewer Revenue and Bond Reserve <br /> Account" created in the Revenue Bond Fund by Section 9 of Ordinance No. 1433-88. <br /> "1992 Reserve Account" means the 1992 Water and Sewer Revenue Bond Reserve <br /> Account created in the Revenue Bond Fund by Section 9 of Ordinance No. 1891-92. <br /> "1993 Reserve Account" means the "1993 Reserve Account" created in the Revenue Bond <br /> Fund by Section 8 of Ordinance No. 1163-93. <br /> "1997 Reserve Account" means the 1997 Reserve Account created in the Revenue Bond <br /> Fund by Section 8 of this Ordinance. <br /> "Reserve Account Requirement" means, with respect to any issue of Parity Bonds, the <br /> lesser of (i) Maximum Annual Debt Service on such Parity Bonds, and (ii) 1.25 times Average <br /> Annual Debt Service on such Parity Bonds. <br /> "Revenue Bond Fund" means the "1985 City of Everett Water and Sewer Revenue Bond <br /> Fund" created in the office of the Treasurer by Section 7 of Ordinance No. 1139-85 of the City <br /> for the sole purpose of paying and securing the payment of the principal of, premium, if any, and <br /> interest on Parity Bonds. <br /> "Revenue Fund" means the Water and Sewer Revenue Fund of the City created by <br /> Section 6 of Ordinance No. 536-78. <br /> "Revenue of the System" means all earnings, revenue and money received by the City from <br /> or on account of the operation of the System, except Assessment Income, and including the <br /> income from investments of money in the Revenue Fund and the Revenue Bond Fund or from any <br /> other investment thereof except the income from investments irrevocably pledged to the payment <br /> of the Refunded Bonds and any other water and sewer revenue bonds pursuant to a plan of <br /> -8- FWWOBU DOC 97/03/04 <br />