SA 3 - RESO - TAX ALLOCATION BONDS

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to the Rule. Until otherwise designated by the MSRB or the Securities and Exchange Commission, filings with the MSRB are to be made through the Electronic Municipal Market Access (EMMA) website of the MSRB, currently located at http: / /etnma.msrb.org, "Officer's Certificate" shall mean a certificate signed by the Mayor, the City Manager or the Director of Finance, acting for and on behalf of the Agency, the Executive Director of the Agency, or the City Clerk acting for the Agency, "Outstanding" when used as of any particular time with reference to Bonds, shall mean (subject to the provisions of Section 9,02) all Bonds except: (1) Bonds theretofore cancelled by the Trustee or surrendered to the Trustee for cancellation; (2) Bonds paid or deemed to have been paid within the meaning of Section 11.02; and (3) Bonds in lieu of or in substitution for which other Bonds shall have been authorized, executed, issued and delivered by the Agency pursuant to the Indenture. "Oversight Board" shall mean the oversight board of the Agency duly constituted from time to time pursuant to Section 34179 of the Dissolution Act. "Owner" or "Bondowner" whenever employed herein shall mean the person in whose name such Bond shall be registered. "Parity Debt" shall mean any additional tax allocation bonds, notes, interim certificates, debentures or other obligations issued by the Agency as permitted by the Indenture payable out of Tax Revenues and ranking on a parity with the Bonds. "Pass- Through Agreements" shall mean each pass - through agreement and tax sharing agreement entered into by the Agency with respect to a Project Area. "Pass Through Obligations" shall mean (i) the statutory pass - through obligations of the Agency described under Section 33607.5 of the Law, and (ii) the Pass - Through Agreements, and shall include amounts elected to be allocated pursuant to subdivision (a) of Section 33676 and Section 33607.7 or of the California Health and Safety Code. "Permitted Investments" shall mean any of the following to the extent then permitted by the general laws of the State of California applicable to investments by counties: (1) (a) Direct obligations (other than an obligation subject to variation in principal repayment) of the United States of America ("United States Treasury Obligations "), (b) obligations fully and unconditionally guaranteed as to timely payment of principal and interest by the United States of America, (c) obligations fully and unconditionally guaranteed as to timely payment of principal and interest by any agency or instrumentality of the United States of America when such obligations are backed by the full faith and credit of the United States of America, or (d) evidences of ownership of proportionate interests in future interest and principal 3 -26