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a <br /> interest is not so excludable, the average rate on Federal Securities with maturities comparable to <br /> the rate reset period (iii) to provide for essentially level annual debt service of principal and <br /> interest over such period. <br /> Debt Service shall be net of any principal and/or interest funded out of Bond proceeds. <br /> Debt Service shall include reimbursement obligations to providers of Credit Facilities to the <br /> extent authorized by ordinance. Debt Service shall exclude the payments required to be made <br /> with respect to revenue bond anticipation notes to the extent that the ordinance authorizing their <br /> issuance provides that the bond anticipation notes will be funded with the proceeds of Future <br /> Parity Bonds. <br /> Designated Representative means the Mayor, the Chief Financial Officer or any City <br /> employee designated by any of them. <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 5 hereof <br /> Federal Securities means direct obligations of (including obligations issued or held in <br /> book-entry form on the books of), or obligations the timely payment of the principal of and <br /> interest on which are unconditionally guaranteed by, the United States of America. <br /> Fitch means Fitch, Inc., organized and existing under the laws of the State of Delaware, <br /> its successors and their assigns, and, if such organization shall be dissolved or liquidated or shall <br /> no longer perform the functions of a securities rating agency, Fitch shall be deemed to refer to <br /> any other nationally recognized securities rating agency (other than S&P or Moody's) designated <br /> by the Chief Financial Officer. <br /> 4 71 <br /> -10- P 12028 CMW120287 880 03/25/09 <br />