Res13 15263 - Laserfiche WebLink

Browse Search

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 forms of any of the terms deftned 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 eyual 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 Net 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 Financial Consultant. "Bonds"has the meaning set forth in the Indenture. "Code" means the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder. "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 capacity supply, easements, rights-of-way and other works, property or structures necessary or convenient for such facilities, together with all additions, betterments, extension 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.O1. 2 338529_I.DOC