Agmt15 City of RWC Public Financing Authority Water Revenue Refunding Bonds

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ARTICLE I DEFINITIONS Section 1.01. Definitions. Unless the context otherwise requires, the terms defined in this Section 1.01 shall for all purposes hereof, and of any amendment hereof, and of any opinion or report or other document mentioned herein or therein have the meanings defined herein, the following definitions to be equally applicable to both the singular and plural fonns of any of the terms defined herein. All capitalized terms used in this Installment Purchase Contract and not defined herein shall have the meanings ascribed thereto in the Indenture. "AccountanYs Report" means a report signed by an Independent Certified Public Accountant. "Acquisition," "Acquire" or "Acquired" means, with respect to the Project, the acquisition or perfection of an ownership or capacity interest in the Project, or the construction, refinancing or ownership of the Project. "Additional Revenues° means, with respect to the issuance of any Parity Obligations, an allowance for Net Revenues (i) arising from any increase in the charges made for service from the Enterprise adopted prior to the incurring of such Parity Obligations and effective within eighteen (18) months following the date of incurring such Parity Obligations, in an amount equal to the total amount by which the Net Revenues would have been increased if such increase in charges had been in effect during the whole of the most recent completed Fiscal Year or during any more recent twelve (12) month period selected by the City, and (ii) arising from any increase in service connections to the Enterprise prior to the incurring of such Parity Obligations, in an amount equal to the total amount by which the Revenues would have been increased if such connections had been in existence during the whole of the most recent completed Fiscal Year or during any more recent twelve (12) month period selected by the City, all as shown by the certificate or opinion of an Independent Municipal Finance Consultant. "Bonds" has the meaning set forth in the Indenture. "Code" means the Internal Revenue Code of 1986 as in effect on the date of issuance of the Bonds or (except as otherwise referenced herein) as it may be amended to apply to obligations issued on the date of issuance of the Bonds, together with applicable temporary and final regulations promulgated, and applicable o�cial public guidance published, under the Code. "Engineer's Report" means a report signed by an Independent Engineer. "Enterprise" means the City's water system, including all facilities, works, properties and structures of the City for the treatment, transmission and distribution of water, including reclaimed water, including all contractual rights to water supplies, transmission capaciry supply, easements, rights-af-way and other works, property or structures necessary or convenient for such facilities, together with all additions, betterments, extensions, and improvements to such facilities or any part thereof hereafter acquired or constructed. � "Event of Default" means an event of default described in Section 7.01. 2