Laserfiche WebLink
The words "Refunding Trustee" mean the banking institution <br /> selected pu -suant to Section 14 in its capacity as Refunding <br /> Trustee pursuant to the Escrow Agreement . <br /> The words "Reserve Account" mean any account created in the <br /> Revenue Bond Fund to secure the payment of the principal of and <br /> interest on any Parity Bonds . <br /> The words "1985 Reserve Account" mean the "1985 Water and <br /> Sewer Revenue Refunding Bond Reserve Account" created in the <br /> Revenue Bond Fund by Section 7 of Ordinance No. 1139-85 of the <br /> City. <br /> The words "1988 Reserve Account" mean the "1988 Water and <br /> Sewer Revenue and Refunding Bond Reserve Account" created in the <br /> Revenue Bond Fund by Section 9 of Ordinance No . 1433-88 . <br /> The words "1992 Reserve Account" means the "1992 Reserve <br /> Account" created in the Revenue Bond Fund by Section 9 of this <br /> Ordinance. <br /> The words "Reserve Account Requirement" mean, with respect <br /> to any issue of Parity Bonds, the lesser of (i) Maximum Annual <br /> Debt Service on such Parity Bonds, and (ii) 1 . 25 times Average <br /> Annual Debt Service on such Parity Bonds . <br /> The words "Revenue Bond Fund" mean the "1985 City of Everett <br /> Water and Sewer Revenue Bond Fund" created in the office of the <br /> Treasurer by Section 7 of Ordinance No . 1139-85 of the City for <br /> the sole purpose of paying and securing the payment of the <br /> principal of, premium, if any, and interest on Parity Bonds . <br /> 13 Fwwoo9.00c 92,09,21 <br />