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I <br />Government Loans means the PWTF Loans, SRF Loans and subordinate lien revenue <br />loans received by the City in the future from the State of Washington or the United States of <br />America. <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 />Maximum Annual Debt Service means highest dollar amount of Annual Debt Service in <br />any fiscal year or Base Period for all outstanding Parity Bonds and/or for all subordinate lien <br />evidences of indebtedness secured by Revenue of the System, as the context requires. <br />Moody's means Moody's Investors Service, its successors and their assigns, and, if such <br />corporation shall be dissolved or liquidated or shall no longer perform the functions of a <br />securities rating agency, Moody's shall be deemed to refer to any other nationally recognized <br />securities rating agency (other than S&P and Fitch) designated by the Chief Financial Officer. <br />MSRB means the Municipal Securities Rulemaking Board. <br />Net Proceeds, when used with reference to the Bonds, means the principal amount of the <br />Bonds, plus accrued interest and original issue premium, if any, and less original issue discount <br />and proceeds, if any, deposited in the Reserve Account. <br />Net Revenue means Revenue of the System less Costs of Maintenance and Operation. <br />New Date means the earlier of (i) the date on which the Outstanding Parity Bonds are no <br />longer outstanding; or (ii) the date on which the owner(s) of at least 60% of all Parity Bonds then <br />outstanding consent to the amendment to the definitions of Rate Covenant, Revenue of the <br />System and Annual Debt Service made in this ordinance. For purposes of this provision, the <br />14 <br />11- P:120287 CfAMO287 9RC 01/02/13 <br />