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<br />,'---" ,-- <br />'d."J I ' <br />~.- ~ \_::,.l <br /> <br />furnished by, with or from the use of the System; and (b) a <br /> <br /> <br />all income or other gain, if any, from any investment of <br /> <br /> <br />Gross System Revenues. <br /> <br />Income Fund: <br /> <br />the special fund referred to in <br /> <br />Section 9C herein. <br /> <br />Interest pavment Date: a date in which interest <br /> <br /> <br />is due on any Bonds or Parity Securities. <br /> <br /> <br />Loan: the loan made by the State to the District <br /> <br /> <br />pursuant to and as defined in the Contract. <br /> <br /> <br />Maximum Annual Debt Service Reauirements: for <br /> <br /> <br />the Bond, or a given issue of Securities, the maximum <br /> <br /> <br />amount of all Debt Service Requirements (excluding any <br /> <br /> <br />redemption premiums) due in a Bond year. <br /> <br /> <br />Net Pledaed Revenues: all Gross System Revenues <br /> <br /> <br />remaining after the deduction of Operation and Maintenance <br /> <br /> <br />Expenses; all proceeds of any insurance payable to the <br /> <br /> <br />District appertaining to the Project in excess of or not <br /> <br /> <br />applied to the repair or replacement of the Project; the <br /> <br /> <br />proceeds of a sale, conveyance or exchange of all or any <br /> <br />part of the Project in excess of that applied to replace <br /> <br /> <br />the Project sold or exchanged; and any proceeds from <br /> <br />condemnation of the Project not applied to replacement of <br /> <br /> <br />the Project. <br /> <br />Operation and Maintenance Account: <br />account referred to in Section 9D hereof. <br /> <br />the special <br /> <br />Operation and Maintenance Expenses: <br /> <br />such <br /> <br />reasonable and necessary current expenses of the District, <br /> <br />-5- <br />