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initially invested) to pay all of the Debt Service Requirements of such Obligation to the <br /> maturity date or specified Redemption Date thereof shall have theretofore been deposited <br /> in escrow or in trust with a Trust Bank for that purpose; and <br /> (d) Any lost, destroyed, or wrongfully taken Obligation in lieu of or in <br /> substitution for which another Obligation shall have been executed and delivered. <br /> Owner: the holder of any bearer instrument or registered owner of any <br /> registered instrument evidencing an Obligation. <br /> • <br /> Paying Agent: a suitable institution or City official designated by <br /> Supplemental Resolution or Final Terms Certificate to perform the duties of Paying <br /> Agent in connection with any Series Ordinance. <br /> Permitted Investments: any investment which, as of the time made, is <br /> permitted by the laws of the State, the ordinances of the City pertaining to City <br /> investments or the applicable Series Ordinance, Supplemental Resolution or Final Terms <br /> Certificate to be made with City funds. <br /> Person: any individual, firm, partnership, corporation (public or private), <br /> company, association, joint stock association, limited liability company, body politic <br /> public agency or instrumentality or any trustee, receiver, assignee or similar <br /> representative thereof. <br /> Principal: the principal of an Obligation, including mandatory sinking <br /> fund payments whether or not such mandatory sinking fund payments result in a <br /> redemption of Obligations. <br /> Project Revenues: revenues attributable to a Special Facility. <br /> Purchaser: the original purchaser of any Obligations. <br /> Qualified Surety: With respect to a particular Series of Obligations, a <br /> financial institution having a long-term debt rating or ratings not lower than the rating or <br /> ratings of such Series of Obligations. <br /> Redemption Date: the date fixed for the redemption or prepayment prior <br /> to maturity of any Obligations payable from the Net Pledged Revenues in any notice of <br /> prior redemption or prepayment given by or on behalf of the City. <br /> Refunding Project: the refunding and payment of all or a portion of the <br /> Outstanding maturities of any Obligations or all or a portion of the outstanding maturities <br /> of any bonds or other obligations of the City issued or contracted for System purposes <br /> other than pursuant to this Ordinance. <br /> #866939v11 8 <br />