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"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 />"Net Revenues" means, for any period, all of the applicable Revenues during such <br />period less all of the applicable Maintenance and Operation Costs of the Enterprise during such <br />period. <br />"Nominee" means (a) initially, Cede & Co., as nominee of DTC, and (b) any other <br />nominee of a Depository designed pursuant to Section 2.11 hereof. <br />"Outstanding" when used as of any particular time with reference to Bonds, means <br />(subject to the provisions of Section 8.02) all Bonds except -- <br />(1) Bonds canceled by the Trustee; <br />(2) Bonds paid or deemed to have been paid within the meaning of Section 9.01; <br />and <br />(3) Bonds in lieu of or in substitution for which replacement Bonds shall have <br />been executed and delivered hereunder. <br />"Owner" means the registered owner of any Outstanding Bond. <br />"Parity Bonds" means indebtedness or other obligations (including leases and <br />installment sale contracts) hereafter issued or incurred and secured by a pledge, of and lien on <br />Revenues equal to that of [he Installment Payments, including, with respect to Installment Payments <br />payable from Sewer Revenue Fund, those certain 1989 Certificates of Participation (Cross-Town <br />Sanitary Sewer Project) of the City. <br />"Payment Fund" means the fund by that name established in Section 3.02 hereof. <br />"Permitted Investments" means any of the following which at the time of investment <br />are legal investments under the laws of the State of California for the moneys proposed to be <br />invested therein: <br />[TO COME] <br />"Project" or "Projects" means that certain property to be refinanced with the <br />proceeds of the Bonds, as described in Exhibit A of the applicable Installment Purchase Contract. <br />"Record Date" means the fifteenth day of the calendar month prior to an Interest <br />Payment Date, or, if such date is not a Business Day, the next succeeding Business Day. <br />"Reserve Fund" means the fund by that name established in Section 3.04 hereof. <br />"Revenue Fund" means the Revenue Fund of the City as defined in the Installment <br />Purchase Contract. <br />9NM'lOIZIAI <br />