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<br />. <br /> <br />. <br /> <br />. <br /> <br />"Remarketing Agent" means collectively the remarketing <br />agents appointed by the Agency pursuant to Section 5B, <br />initially Smith Barney, Harris Upham & Co. Incorporated and <br />Cranston Securities Company. "Principal Office" of the <br />Remarketing Agenct means the office designated in writing by <br />the Remarketing Agent to the Fiscal Agent, the Agency, and the <br />Bank. <br /> <br />"Remarketing Agreement" means that certain Remarketing <br />Agreement, dated as of December 1, 1985 by and among the <br />Agency, Smith Barney, Harris Upham & Co. Incorporated and <br />Cranston Securities Company. <br /> <br />"Reserve Requirement" means the Maximum Annual Debt <br />Service on the Bonds less Maximum Annual Debt Service on that <br />portion of Bond proceeds deposited in the Escrow Fund. <br /> <br />"Reset Date" means December 15, 1990 and each date <br />thereafter determined by the Remarketing Agent on which the <br />interest rate on the Bonds will be reset. <br /> <br />"Reset Period" means the period from and including <br />each Reset Date to but not including the next succeeding Reset <br />Date. <br /> <br />"Reset Rate" means the rate of interest to be borne by <br />the Bonds during a Reset Period, as determined from time to <br />time by the Remarketing Agent pursuant to this Resolution and <br />the Remarketing Agreement. <br /> <br />"Resolution" means this Resolution No. 85-54 adopted <br />by the Agency on December 3, 1985. <br /> <br />"Revised Rate" means the Prime Rate Plus one percent <br />(1%) per annum. <br /> <br />"Serial Bonds" means the Bonds maturing on December 15 <br />in the years 1986 through 1990. <br /> <br />"Special Fund" means the City of Santa Ana Community <br />Redevelopment Agency, City of Santa Ana Redevelopment Project <br />Area Tax Allocation Bonds, 1985 Series B Special Fund created <br />pursuant to Section 12 hereof. <br /> <br />"Special Term Bonds" means the Bonds maturing on <br />December 15, 2015. <br /> <br />"Tax Revenues" means that portion of taxes levied upon <br />taxable property in the Redevelopment Project Area and received <br />by the Agency on or after the date of issue of the Bonds, with <br />respect to the Redevelopment Project Area pursuant to Article 6 <br />of Chapter 6 of the Law and Section 16 of Article XVI of the <br />Constitution of the State of California, plus state reimbursed <br />amounts for certain property tax exemptions including, but not <br /> <br />12-02-85 <br />9553p/2281jOl <br /> <br />-7- <br />