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(2) does not have any substantial interest, direct or indirect, with the Agency; and (3) is not connected with the Agency as a member, officer or employee of the Agency, but who may be regularly retained to make anmial or other reports to the Agency. "Independent Redevelopment Consultant" shall mean a consultant or firm of such consultants generally recognized to be well qualified in the field of consulting relating to tax allocation bond financing by California redevelopment agencies and their successor agencies, appointed and paid by the Agency and who, or each of whom: (1) is in fact independent and not under the domination of the Agency; (2) does not have any substantial interest, direct or indirect, with the Agency; and (3) is not connected with the Agency as a member, officer or employee of the Agency, but who may be regularly retained to make annual or other reports to the Agency. [ "Insured Series 2016 Bonds" shall mean the Insured Series 2016A Bonds and the Insured Series 2016A Bonds. "Insured Series 2016A Bonds" shall mean each maturity of the Series 2016A Bonds. "Insured Series 2016B Bonds" shall mean each maturity of the Series 2016B Bonds.] "Interest Account" shall mean the account maintained within the Tax Increment Fund pursuant to Section 5.03 of the Indenture. "Interest Payment Date" shall mean any March 1 or September I on which interest on any Series of Bonds is scheduled to be paid, commencing March 1, 2017, with respect to the Series 2016 Bonds. "Investment Agreement" shall mean an investment agreement or guaranteed investment contract meeting the description and the requirements contained in clause (10) of the definition of Permitted Investments herein. "Investment Earnings" shall mean all interest earned and any realized gains and losses on the investment of moneys in any fund or account created by the Indenture or by any Supplemental Indenture. "Law" shall mean the Community Redevelopment Law of the State of California (being Part I of Division 24 of the California Health and Safety Code, as amended), and all laws amendatory thereof or supplemental thereto including, without limitation, the Dissolution Act. "Maximum Annual Debt Service" shall mean the largest Annual Debt Service for any Bond Year, including the Bond Year in which the calculation is made. "MSRB" shall mean the Municipal Securities Rulemaking Board or any other entity designated or authorized by the Securities and Exchange Commission to receive reports pursuant 3 -25