SA 3 - RESO - TAX ALLOCATION BONDS

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addition to the Reserve Account of no more than 10% of the proceeds from the sale of such new Series of Bonds. "Responsible Officer" shall mean any Vice - President, Assistant Vice President, Trust Officer or other officer of the Trustee having regular responsibility for corporate trust matters. "ROPS Payment Period" shall mean a ROPS Period; provided, that if the Dissolution Act is hereafter amended such that each ROPS Period covers a fiscal period of a different length, then "ROPS Payment Period" shall mean the period during which moneys distributed on a RPTTF Distribution Date are permitted to be expended under the Dissolution Act, as amended. "ROPE Period" shall mean each annual period from July 1 to June 30, inclusive, as provided in subdivision (o) of Section 34177 of the Dissolution Act; provided, that if the Dissolution Act is hereafter amended such that each ROPS covers a fiscal period of a different length, then "ROPS Period" shall mean such other applicable period established under the Dissolution Act, as amended. " RPTTF" or "Redevelopment Property Tax Trust Fund" shall mean the fund by that name established pursuant to Health and Safety Code Section 34170.5(b) and administered by the County Auditor - Controller. LORPTTF Distribution Date" shall mean each January 2 and June 1, as specified in Section 34183 of the Dissolution Act, on which the County Auditor - Controller allocates and distributes to the Agency monies from the RPTTF for payment on enforceable obligations pursuant to an approved ROPS. "Securities Depository" shall mean, initially, The Depository Trust Company, New York, N.Y., or, in accordance with then - current guidelines of the Securities and Exchange Commission, such other securities depositories, or no such depositories, as designated by the Trustee. "Senior Bond Indenture" shall mean the Indenture, dated as of February 1, 2011, between the Former RDA and The Bank of New York Mellon Trust Company, N.A., as successor trustee. "Senior Bonds" shall mean the outstanding Community Redevelopment Agency of the City of Santa Ana Tax Allocation Bonds (Merged Project Area), 2011 Series A. "Serial Bonds" shall mean Bonds for which no Sinking Account Installments are provided. "Series" shall mean each initial series of Series 2016 Bonds executed, authenticated and delivered and identified pursuant to the Indenture as the Series 2016A Bonds and the Series 2016B and any Additional Bonds issued pursuant to a Supplemental Indenture and identified as a separate series of Bonds. 13 3 -31