Agmt08 South Bayside Authority - Laserfiche WebLink

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APPENDIX A DEFINED TERMS "Allocable Share" means, with respect to a series of Bonds, the portion of the Bond Interest and Redemption Expenses relating to such series of Bonds which are allocated to the City as determined in accordance with the Joint Powers Agreement. "Bond Interest and Redemption Expenses" has the meaning given that term in the Joint Powers Agreement. "Bond Trustee" means, with respect to any series of Bonds, the entity which acts as trustee or fiscal agent for such Bonds. "Bonds" means any bonds, notes or other obligations issued by the Authority in accordance with the Joint Powers Agreement, and includes any loan made to the Authority by the State Water Resources Control Board under its revolving loan fund program. "Federal Securities" means: (a) any direct general obligations of the United States of America (including obligations issued or held in book entry form on the books of the Department of the Treasury of the United States of America), the payment of principal of and interest on which are unconditionally and fully guaranteed by the United States of America; and (b) any obligations the principal of and interest on which are unconditionally guaranteed by the United States of America. "Fiscal Year" means any twelve-month period extending from July 1 in one calendar year to June 30 of the succeeding calendar year, both dates inclusive, or any other 12-month period selected and designated by the City as its official fiscal year period. "Gross Revenues" means all gross charges received for, and all other gross income and receipts derived by the City from, the ownership and operation of the Sewer Utility System or otherwise arising from the Sewer Utility System, including but not limited to investment earnings thereon and including connection or capacity charges; but excluding (a) the proceeds of any ad valorem property taxes levied for the purpose of paying general obligation bonds of the City relating to the Sewer Utility System, (b) the proceeds of any special assessments or special taxes levied upon real property within any improvement district for the purpose of paying special assessment bonds or special tax obligations of the City relating to the Sewer Utility System; and (c) customers' deposits or any other deposits subject to refund until such deposits have become the property of the City, or contributions in aid of construction. "Maximum Annual Debt Service" means, as of the date of any calculation, the maximum sum obtained for the current or any future Fiscal Year by totaling the following amounts for such Fiscal Year: (a) the aggregate amount of the SBSA Bond Payments coming due and payable in such Fiscal Year; and (b) the amount of principal of and interest on all outstanding Parity Debt coming due and payable by their terms in such Fiscal Year. A-1