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"Gross Revenue" means all fees, including but not limited to user fees and plant investment fees, charges and revenues directly or indirectly derived by the Town for the services furnished by, or use of, the System, or any part thereof, including all income attributable to any future dispositions of property or rights or related contracts, settlements, or judgments held or obtained in connection with the System or its operations; provided however, that there shall be excluded from Gross Revenue (a) moneys borrowed and used for providing Capital Improvements; (b) any money and securities, and investment income therefrom, in any refunding fund, escrow account, or similar account pledged to the payment of any bonds or other obligations for the purpose of defeasing the same; and (c) any moneys received as grants or appropriations from the United States, the State of Colorado, or other sources, the use of which is limited or restricted by the grantor or donor to the provision of Capital Improvements or for other purposes resulting in the general unavailability thereof, except to the extent any such moneys shall be received as payments for the use of the System, services rendered thereby, the availability of any such service, or the disposal of any commodities therefrom, "Interest Payment Date" means the annual or semiannual dates set forth in the Sale Certificate for payment of interest on the Bonds, "Net Revenue" means Gross Revenue after deducting Operation and Maintenance Expenses. "1979 Bonds" means the Town's Water Revenue Bond, Series 1979, authorized pursuant to Ordinance No. 214 of the Town. "Official Statement' means the final version of the Preliminary Official Statement. "Operation and Maintenance Expenses" means all reasonable and necessary current expenses of the Town, paid or accrued, for operating, maintaining, and repairing the System, including without limitation legal and overhead expenses of the Town directly related to the administration of the System; provided however, that there shall be excluded from Op1eration and Maint(mance Expenses any allowance or transfers for depreciation, payments in lieu of taxes or franchise fees, legal liabilities not based on contract, expenses incurred in connection with Capital Improvements, payments due in connection with any bonds or other obligations issued to provide Capital Improvements, and charges for the accumulation of reserves, "Ordinance" means this ordinance authorizing the issuance of the Bonds, including any amendments properly made hereto, "Outstanding' means as of any date, all Bonds or Parity Lien Bonds, as the context requir1es, except the following: (a) any Bond or Parity Lien Bond cancelled by the Town or th(: applicable paying agent, or otherwise on the Town's behalf, at or before such date; (b) any Bond or Parity Lien Bond for the payment or the redemption of which moneys or Federal Securities sufficient to meet all of the payment requirements of the principal of, interest on, and any premium due in connection with the redemption of such 02-1780:54,3 4