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reflect the following: Revenue and Costs of Maintenance and Operation may be adjusted, <br /> regardless of then applicable generally accepted accounting principles, for certain items (e.g., to <br /> omit unrealized gains or losses in investments) to more fairly reflect the System's annual <br /> operating performance. Scheduled 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 /> Rating Agency means Moody's, S&P or Fitch. <br /> Rating Category means the generic rating categories of the Rating Agency, without <br /> regard to any refinement or gradation of such rating category by a numerical modifier or <br /> otherwise. <br /> Refunded Bonds mean the 1997 Bonds maturing on July 1, 2010. <br /> Refunding Bonds means the City's water and sewer revenue refunding bonds authorized <br /> to be issued pursuant to Section 4(b) of this ordinance. <br /> Registered Owner means the person in whose name the Bond is registered on the Bond <br /> Register. For so long as the Bonds are held in book-entry only form, DTC shall be deemed to be <br /> the sole Registered Owner. <br /> Registrar means the fiscal agency of the State of Washington for the purposes of <br /> registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of <br /> ownership of the Bonds, and paying the principal of,premium, if any, and interest on the Bonds. <br /> Reserve Account means common Reserve Account maintained pursuant to Section 8(b) <br /> of this ordinance. <br /> -16- P:120287 CMW120287_880 0325109 <br />