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<br />(~ (:. <br /> <br />.: \ l~.' <br /> <br />(v) Any allowance for the redemption of the <br /> <br /> <br />Bond or the payment of any interest thereon; <br /> <br />(vi) <br /> <br />Any liabilities incurred in the <br /> <br />acquisition or improvement of any properties <br />comprising the System or any combination thereof; <br /> <br />(vii) <br /> <br />Any other ground of legal liability <br /> <br />not based on contract. <br /> <br />Outstandina or outstandina: <br /> <br />when used with <br /> <br />reference to the Bond, Parity Securities or any other <br /> <br /> <br />designated securities of the District and as of any <br /> <br /> <br />particular date, means the Bond,. the Parity Security or any <br /> <br /> <br />such other security payable in whole or in part from the <br /> <br /> <br />Net Pledged Revenues or otherwise pertaining to the System, <br /> <br /> <br />as the case may be, in any manner theretofore and thereupon <br /> <br /> <br />being executed and delivered, except the following: <br /> <br /> <br />(al Any Bond, Parity Security or other security <br /> <br />cancelled by the District at or before such date; <br /> <br /> <br />(bl Any Bond, Parity Security or other security <br /> <br /> <br />held by or on behalf of the District; <br /> <br /> <br />(cl Any Bond, Parity Security or other security <br /> <br /> <br />of the District for the payment or the redemption of <br /> <br /> <br />which moneys or Federal Securities sufficient to meet <br /> <br /> <br />all of the payment requirements of the principal of, <br /> <br /> <br />the interest on, and any prior redemption premiums due <br /> <br /> <br />in connection with such Bond, Parity Security or other <br /> <br /> <br />security to the date of maturing or any redemption <br /> <br />date thereof, shall have theretofore been deposited in <br /> <br />-7- <br />