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<br />9 <br />any late charges), prepayments of Installment Payments, insurance proceeds and condemnation <br />proceeds deposited in the Insurance and Condemnation Fund, (b) amounts deposited in the <br />Payment Fund, and (c) all interest, profits or other income derived from the investment of amounts <br />in any fund or account established pursuant to this Indenture (except the Rebate Fund). <br /> <br />“S&P” means S&P Global Ratings, a business unit of Standard & Poor’s Financial <br />Services LLC business, its successors and assigns. <br /> <br />“Securities Depositories” means The Depository Trust Company, 55 Water Street, 50th <br />Floor, New York, New York 10041-0099, Attention: Call Notification Department, Fax (212) 855- <br />7232; and, in accordance with then current guidelines of the Securities and Exchange <br />Commission, such other addresses and/or such other securities depositories as the Authority may <br />designate in writing to the Trustee. <br /> <br />“Series 2024 Bonds” means the $________ principal amount of Water Revenue <br />Refunding Bonds, Series 2024 authorized hereby and at any time Outstanding hereunder that are <br />issued by the Authority under and pursuant to Article II of this Indenture. <br /> <br />“Trustee” means, with respect to the Series 2024 Bonds, U.S. Bank Trust Company, <br />National Association, a national banking association duly organized and existing under and by <br />virtue of the laws of the United States of America, or its successor or any other bank or trust <br />company which may at any time be substituted in its place as provided in Section 7.01. “Trustee” <br />with respect to any Additional Bonds shall have the meaning provided in the supplemental <br />indenture relating thereto. <br /> <br />“2013 Bonds” means the City of Redwood City Public Financing Authority Water Revenue <br />Refunding 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 as <br />of June 1, 2013, 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 on <br />behalf of the Trustee shall be for the equal and proportionate benefit, protection and security of <br />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 />8.A. - Page 129 of 255 <br />757