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<br />10 <br />the laws of the United States of America, or its successor or any other bank or trust company <br />which may at any time be substituted in its place as provided in Section 7.01. “Trustee” with <br />respect to any Additional Bonds shall have the meaning provided in the supplemental indenture <br />relating thereto. <br /> <br />“2007 Indenture” means the Indenture of Trust, dated as of May 1, 2007, between the <br />Authority and the Prior Trustee. <br /> <br />“2007 Installment Purchase Contract” means the Installment Purchase Contract, dated <br />as of May 1, 2007, between the City and the Authority. <br /> <br />“2013 Bonds” means the City of Redwood City Public Financing Authority Water <br />Revenue Bonds, Series 2013. <br /> <br />“2013 Indenture” means the Indenture of Trust, dated as of June 1, 2013, between the <br />Authority and the Prior Trustee. <br /> <br />“2013 Installment Purchase Contract” means the Installment Purchase Contract, dated <br />as of June 1, 2013, between the City and the Authority. <br /> <br />“2015 Bonds” means the City of Redwood City Public Financing Authority Water <br />Revenue Refunding Bonds, Series 2015. <br /> <br />“2015 Indenture” means the Indenture of Trust, dated as of May 1, 2015, between the <br />Authority and the Trustee. <br /> <br />“2015 Installment Purchase Contract” means the Installment Purchase Contract, dated <br />as of May 1, 2015, between the City and the Authority. <br /> <br />Section 1.02. Equal Security. In consideration of the acceptance of the Bonds by the <br />Owners, this Indenture shall be deemed to be and shall constitute a contract by and among the <br />Trustee, the Authority and the Owners to secure the full and final payment of the interest and <br />principal and redemption premiums, if any, to be made by the Authority on the Bonds, subject to <br />the agreements, conditions, covenants and terms contained herein; and all agreements, <br />conditions, covenants and terms contained herein required to be observed or performed by or <br />on behalf of the Trustee shall be for the equal and proportionate benefit, protection and security <br />of all Owners without distinction, preference or priority as to benefit, protection or security of any <br />Bonds over any other Bonds by reason of the number or date thereof or the time of execution or <br />delivery thereof or otherwise for any cause whatsoever, except as expressly provided herein or <br />therein. <br /> <br /> <br />ARTICLE II <br /> <br />TERMS AND CONDITIONS OF BONDS <br /> <br />Section 2.01. Preparation of Bonds. The Authority hereby authorizes the issuance of <br />the Series 2017 Bonds in the aggregate principal amount of $___________. The Series 2017 <br />Bonds shall be designated “City of Redwood City Public Financing Authority Water Revenue <br />Refunding Bonds, Series 2017.” <br /> <br />8.C. - Page 121