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(b) With respect to other series of Parity Bonds, the Reserve Requirement shall be <br />equal to the amount specified in the ordinance authorizing the issuance of that series of Parity <br />Bonds. <br />The Reserve Requirement shall be adjusted accordingly and remain in effect until the <br />earlier of (i) at the City's option, a payment of principal of Parity Bonds or (ii) the issuance of a <br />subsequent series of Future Parity Bonds (when the Reserve Requirement shall be re -calculated). <br />Revenue Bond Fund means the "Fund 401 — Public Works -Utilities Bond Redemption <br />Subaccount" created in the office of the Chief Financial Officer for the sole purpose of paying <br />and securing the payment of the principal of, premium, if any, and 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, now known as Fund 401— Public Works — Utilities and shall <br />include cash accounts therein. <br />Revenue of the System or Revenue means all of the earnings and revenues received by <br />the City - from the maintenance and operation of the System and connection and capital <br />improvement charges collected for the purpose of defraying the cost of capital facilities of the <br />System, including investment earnings and income from investments of money in the Revenue <br />Fund and the Revenue Bond Fund or from any other investment of Revenues, but excluding <br />government grants, proceeds from the sale of System property, City taxes collected by or through <br />the System, principal proceeds of bonds and earnings or proceeds -from any investments in a <br />trust, defeasance or escrow fund created to defease or refund System obligations (until <br />commingled with other earnings and revenues of the System) or held in a special account for the <br />purpose of paying a rebate to the United States Government under the Code. Revenue of the <br />System shall also include any federal or state reimbursements of operating expenses to the extent <br />such expenses are included as Costs of Maintenance and Operation; provided, however, that <br />1496- PA20287_CM1M20287_9RC 01(02113 <br />