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""folder" means any Person who shall h-� the Registered <br />Owner of any Outstanding Note or the properly qualified legal <br />representative thereof. <br />"Impact Fees" shall mean the fees or charges Lawfully <br />Imposed by the County upon new customers of [ha System to finance <br />all or a portion of the cost of additions. extensionr and <br />Improvements to the °;ystem made necessary by the inclusion of <br />such new customers. <br />"Maximum Bond Service Rocpsirenent" shalt mean. as of <br />any particular date of c.a}culation. the greatest am:ntnt.I)f <br />aggregate Bond .^,ervic:e Relutre--entr for th-� than ccrrrent nr any <br />future Bond Year. <br />"Het R-olenlles" shall mean r:rn:-a Fevrn,ie Ifi_=;.n Csperatinr <br />Expennen. <br />N„t_es; R'ayment. hr�Fo,rr;t.” m-an:t the :^pe'Lal Zkcrcutnt <br />created within the C,_,nstrur:tL,,n E"tnl. <br />"1t},erat-fnq Expenses" !shall moan the current expsnees. <br />paid or ac.crtted, for the operation. maintenance and repair of all <br />facilities of the System, as calculated in accordance with <br />accepted ac,7ountin,7 methods, and shed include, without lisaittnq <br />the generality ,f thy* f0ro901119, insuranE:e premiums. <br />ndminfatrative exfion nT of the County related $olely to the <br />Syakem, lot>•ir, r „tst of materials and supplies used for su,:h <br />o{serat inn asst (:hargos f,,t the accumulation of appropriate <br />t•enerven for c,•uetent pApensoo not annually recurrent but whL,:h <br />are nuc:h an may reasonably be expected to he Incurred in <br />accordance with such accepted accounting methods, but shall <br />exclude fsayments into the Sinking Furvi or the Reserve Account <br />therein and any allnwanc.e for depreciation of for renewals or <br />replacement., of capital assets of the ,;ystem. <br />"pperat:ion and Maintenance Fund" shalL mean the account <br />created pursuant to the provisions of Sec.tlon 3.04(t)} of the <br />Original Resolution for the. ptitpor;e of teceivincl funds <br />transferred from the Revenue Fund Cor the payment of Operating <br />Expenses. <br />"Ottte;ttulcfing° mean,, with reference to Notes, as of any <br />particular time, all the Notes executed, authenticated, issued <br />and delivered under the Note Resolution; provided, however, that <br />such shall not include, in any case: <br />A. Notes cancelled at or prior to such time; <br />B. Notes for payment of which funds shall have been <br />deposited with the Paying Agent and which shall have matured <br />A-3 <br />