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<br />5 <br />Year, capital expenditures other than as set forth in subsection (a) above, and (z) amortization <br />of intangibles or other bookkeeping entries or a similar nature. <br /> <br />“Maximum Annual Debt Service” means, as of the date of any calculation, the maximum <br />sum obtained for the current or any future Bond Year so long as any of the Bonds remain <br />Outstanding by totaling the following amounts for such Bond Year: <br /> <br />(a) the principal amount of the Bonds and Parity Obligations coming due and <br />payable by their terms in such Bond Year, including the principal amount of any term <br />Bonds and term Parity Obligations which are subject to mandatory sinking fund <br />redemption in such Bond Year; and <br /> <br />(b) the amount of interest which would be due during such Bond Year on the <br />aggregate principal amount of the Bonds and Parity Obligations which would be <br />Outstanding in such Bond Year if such Bonds and Parity Obligations are retired as <br />scheduled. <br /> <br />“Net Proceeds” means, when used with respect to any insurance or condemnation <br />award, the proceeds from such insurance or condemnation award remaining after payment of all <br />reasonable expenses (including attorneys’ fees) incurred in the collection of such proceeds. <br /> <br />“Net Revenues” means, for any period, all of the Gross Revenues during such period <br />less all of the Maintenance and Operation Costs during such period. <br /> <br />“Outstanding” shall have the same meaning set as forth in the Indenture. <br /> <br />“Parity Obligations” means the 2013 Installment Purchase Contract, the 2015 Installment <br />Purchase Contract and all bonds, notes, loan agreements, installment sale agreements, leases <br />or other obligations of the City, payable from and secured by a pledge of and lien upon any of <br />the Net Revenues incurred on a parity with the payment of the Installment Payments pursuant <br />to Section 4.03. <br /> <br />“Project” means the capital facilities described under in Exhibit A hereto. <br /> <br />“Rate Stabilization Fund” means the Rate Stabilization Fund of the City. <br /> <br />“Revenue Fund” means the “Water Utility Fund” currently maintained by the City, or such <br />other fund of the City into which it deposits Gross Revenues. <br /> <br />“Series 2017 Bonds” has the meaning set forth in the Indenture. <br /> <br />“Trustee” means U.S. Bank National Association, or such other Trustee designated <br />pursuant to the Indenture. <br /> <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 Installment Purchase Contract” means the Installment Purchase Contract, dated <br />as of May 1, 2015, between the City and the Authority. <br /> <br />8.C. - Page 167