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"Original Purchaser" means, in the case of the Series 2019 Bonds, Ramirez & Co., Inc., and its successors and assigns. "Outstanding," when used as of any particular time with reference to Series 2019 Bonds, means (subject to the provisions of Section 7.03) all Series 2019 Bonds theretofore executed, issued and delivered by the City under this Indenture except - (a) Series 2019 Bonds theretofore cancelled by the Trustee or surrendered to the Trustee for cancellation; (b) Series 2019 Bonds paid or deemed to have been paid within the meaning of Section 9.03; and (c) Series 2019 Bonds in lieu of or in substitution for which other Series 2019 Bonds shall have been executed, issued and delivered by the City pursuant to this Indenture or any Contracts for Additional Obligations. "Owner" or "Bond Owner" or `Bondowner", when used with respect to any Series 2019 Bond, means the person in whose name the ownership of such Series 2019 Bond shall be registered on the Bond Registration Books. "Participating Underwriter" has the meaning ascribed thereto in the Continuing Disclosure Agreement. "Principal Corporate Trust Office" means the corporate trust office of the Trustee at the address set forth in Section 9.10, provided that for purposes of payment, cancellation, surrender, exchange and transfer of Bonds, such term means the corporate trust office of the Trustee in [Los Angeles, California] or such other or additional offices as may be designated by the Trustee from time to time. ["Qualified Reserve Account Credit Instrument" means (i) the Reserve Policy or (ii) an irrevocable standby or direct -pay letter of credit or Reserve Policy issued by a commercial bank or insurance company and deposited with the Trustee pursuant to Section 4.03(d), provided that all of the following requirements are met by the City at the time of delivery thereof to the Trustee: (a) the long-term credit rating of such bank or insurance company is "A" (without regard to modifier) or higher; (b) such letter of credit or Reserve Policy has a term of at least twelve (12) months; (c) such letter of credit or Reserve Policy has a stated amount at least equal to the portion of the Reserve Requirement with respect to which funds are proposed to be released pursuant to Section 4.03(d); (d) the Trustee is authorized pursuant to the terms of such letter of credit or Reserve Policy to draw thereunder an amount equal to any deficiencies which may exist from time to time in the Interest Account and the Principal Account; and (e) prior written notice is given pursuant to the Indenture before the effective date of any such Qualified Reserve Account Credit Instrument.] "Record Date" means, with respect to the Series 2019 Bonds, the fifteenth (15th) calendar day of the month immediately preceding an Interest Payment Date or, with respect to any Additional Obligations, any other date established in the applicable Additional Obligations Instrument. 55394.00055\32329348.3 554-24