Item 38 - Water Revenue Bonds - Laserfiche WebLink

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Maximum Annual Debt Service; and (d) the amount of payments on account of Parity Obligations which are redeemed, retired or repaid on the basis of the accreted value due on the scheduled redemption, retirement or repayment date shall be deemed principal payments, and interest that is compounded and paid as part of the accreted value shall be deemed payable on the scheduled redemption, retirement or repayment date but not before. For purposes of complying with the rate setting covenants contained herein and satisfying the debt service coverage requirements in connection with the issuance or incurring of Parity Obligations, Debt Service shall not include those portions of Parity Obligations to be paid in such period to the extent the interest that is evidenced and represented thereby is capitalized or is reasonably anticipated to be reimbursed to the Authority by the United States of America pursuant to Section 54AA of the Code (Section 1531 of Title I of Division B of the American Recovery and Reinvestment Act of 2009 (Pub. L. No. 111-5, 23 Stat. 115 (2009), enacted February 17, 2009)), or any future similar program. "Defaulted Obligations" means Obligations in respect of which an Event of Default has occurred and is continuing. "Engineer's Report" means a report signed by an Independent Engineer. "Event of Default" means an event described in Section 8.01. "Fiscal Year" means the period beginning on July 1 of each year and ending on the next succeeding June 30, or any other twelve-month period selected and designated as the official Fiscal Year of the City. "Independent Certified Public Accountant" means any firm of certified public accountants appointed by the City, and each of whom is independent pursuant to the Statement on Auditing Standards No. 1 of the American Institute of Certified Public Accountants. "Installment Payment Date" means any date on which an Installment Payment is due as specified in or determined pursuant to a Supplement. "Installment Payments" means the Installment Payments scheduled to be paid by the City under and pursuant hereto and any Supplement. "Installment Payment Obligations" means Obligations consisting of or which are supported in whole by Installment Payments. "Installment Purchase Agreement" means this Master Installment Purchase Agreement, by and between the City and the Authority, dated as of , 2024, as originally executed and as it may from time to time be amended or supplemented in accordance herewith. "Issuing Instrument" shall mean any indenture, trust agreement or installment purchase agreement including any Supplement under which Obligations are issued or created. The term Issuing Instrument shall not include a Qualified Swap Agreement. "Maintenance and Operation Costs" means the reasonable and necessary costs spent or incurred by the City, for maintaining and operating the Water System, calculated in accordance with generally accepted accounting principles, including (among other things) all costs of water 4 55394.00068\42092413.3