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8.A. - Page 35 <br /> not Gross Revenues and are not subject to the lien of the 2015 Installment Purchase Contract. <br /> Gross Revenues shall also include interest with respect to any Parity Obligations reimbursed to <br /> or on behalf of the City by the United States of America. <br /> "Gross Revenues" does not include (i) any specific charges levied for the express <br /> purpose of reimbursing others for all or a portion of the cost of the acquisition or construction of <br /> specific facilities, or (ii) customers' deposits or any other deposits subject to refund until such <br /> deposits have become the property of the City. <br /> "Maintenance and Operation Costs" means the reasonable and necessary costs and <br /> expenses paid by the City (excluding Installment Payments or other payments in the nature of <br /> debt service on obligations secured by Enterprise Revenues) for maintaining and operating the <br /> Enterprise, as determined in accordance with Generally Accepted Accounting Principles, <br /> including but not limited to (a) the reasonable expenses of management and repair and other <br /> costs and expenses necessary to maintain and preserve the Enterprise in good repair and <br /> working order, (b) the cost of wholesale water purchases from the San Francisco Public Utilities <br /> Commission and any surcharges related thereto, and (c) administrative costs of the City <br /> attributable to the Enterprise and the financing thereof. <br /> Maintenance and Operation Costs does not include (i) depreciation, replacement and <br /> obsolescence charges or reserves therefor, (ii) in any Fiscal Year, prior to setting aside an <br /> amount equal to the 2015 Installment Payments for such Fiscal Year, capital expenditures other <br /> than as set forth in clause (a) above, or (iii) amortization of intangibles or other bookkeeping <br /> entries of a similar nature. <br /> Application of Revenues. The City is required to deposit all of the Gross Revenues of the <br /> Enterprise immediately upon receipt in the Revenue Fund, which has been established and is <br /> held and maintained by the City with respect to the Enterprise. <br /> Amounts on deposit in the Revenue Fund will be applied by the City to pay when due <br /> the following amounts in the following order of priority: <br /> (i) all Maintenance and Operation Costs of the Enterprise; <br /> (ii) the 2015 Installment Payments, and payment of all other Parity Obligations, <br /> including the 2013 Installment Payments and the 2007 Installment Payments;and <br /> (iii) the amount of any deficiency in the Reserve Fund established for the Bonds <br /> and in any reserve fund established for Parity Obligations. <br /> All Net Revenues remaining after paying all of the sums listed above, or in connection <br /> with any Parity Obligation, may be withdrawn by the Finance Officer for expenditure for any <br /> lawful purpose of the City. From time to time the City may deposit in the Rate Stabilization <br /> Fund from remaining Net Revenues or other available funds of the City such amounts as the <br /> City shall determine. <br /> Rate Stabilization Fund. The City may withdraw amounts from the Rate Stabilization <br /> Fund (i)for transfer to the Revenue Fund for inclusion in Gross Revenues for any Fiscal Year, or <br /> (ii) for any other lawful use of the City. All interest or other earnings upon deposits in the Rate <br /> Stabilization Fund shall be withdrawn therefrom and accounted for as Gross Revenues. <br /> Deposits to Payment Fund. On the third (3rd) Business Day next preceding each Interest <br /> Payment Date (each an"Installment Payment Date"), the City shall deposit with the Trustee, for <br /> deposit in the Payment Fund, from amounts legally available therefor on deposit in the <br /> -11- <br />