1991-151 - Laserfiche WebLink

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"Record Date shall mean the fifteenth (15th) day of the month immediately preceding an interest or other applicable payment date for the Bonds. "Registered tanner,' 'Bondholder' or any similar term shall mean any person who shall be the owner of any outstanding Bond or Bonds u shown on the books of the County maintained by the Bond Registrar. "Renewal and Replacement Feud" shall mean the account created pursuant to the Resolution into which funds shall be deposited u therein provided for the purpose of providing funds for payment of the costs and expenses of renewals and replacements to the System. "Required Renewal Fred Payments" shall mean the amounts required to be deposited in each month to the credit of the renewal and replacement fund under Section 3.04(E) of the Senior Lien Bood Resolution so long as the Senior Lien Bonds are outstanding. "Reserve Account' shall mean the account in the Sinking Fund created pursuant to the Resolution whereby a sum at least equal to and sufficient to pay the maximum amount of principal and interest on all outstanding Bonds becoming due in any ensuing Fiscal year, subject to certain conditions, shall be held. "Resolution' shall mean Resolution No. 89-19 of the County, as amended and restated by Resolution No. 89-46 of County, and as otherwise amended, and supplemented, from time to time. including, without limitation, amendments and supplements made by Resolution No. 91-81 of the County, u amended. "Revenues" shall mean (i) all receipts and revenues of the County derived from the imposition, collection, and enforcement of uniform water and sewer service rates, fees and charges for the use of and the services furnished or to be furnished by the facilities constituting the System, including the earnings and interest income derived from the investment of the moneys on deposit in various funds and accounts established in connection with the System, but excluding Surcharges. Impact Fees, Special Assessments. Franchise Fees, and Fees in lieu of Franchise Fees (the "Uniform Charges"); (ii) all receipts and revenues of the County received from the operation of the 1991 Project other than receipts and revenues received by the County from the treatment of septage and grease; (iii) all North Beach Water Surcharges (as hereinafter defined) for services furnished by the North Beach Water System (as defined hereinafter); (iv) with the consent of the Bond Insurer, so long as any Series 1989 Bonds or Series 1991 Bonds are outstanding, such Surcharges, Impact Fees, Special Assessments, Franchise Fees, and Fees in lieu of Franchise Fees as the County. by resolution. may pledge specifically in connection with the Bonds; and (v) with the consent of the Bond Insurer, so long as any Series 1989 Bonds or Series 1991 Bonds are outstanding, such other revenues of the County as the County, by resolution, may pledge specifically in connection with the Bonds. "Revenues" shall not include, however, such receipts and revenues as, from time to time, may be released from the pledge created under the Resolution in accordance with the terms of the Resolution. "Revenue Fund" shall mean the account created pursuant to the Resolution into which all Revenues of the System shall be deposited by the County. "Senior Lien Bond Resolution" shall mean Resolution No. 82-61 of the County, together with all amendments and supplements thereto, providing for the issuance and security of the Senior Lien Bonds. "Senior Lien Bonds" shall mean sewer and water revenue bonds issued to the Government in the original aggregate principal amount of $9,650,000, which bonds have a right to payment from and a lien on the Pledged Funds senior to the lien granted for the benefit of holders of Bonds. Bonds. "Senior Lien Bonds Debt Service" shall mean the principal and interest payable on the Senior Lien G-5