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<br /> (h) The term "Holder", "Owner", "Bondholder", or <br /> "Rec.¡istered Owner", with respect to any Bond, means the person or <br /> ent1ty in whose name such Bond is reg1stered in the Registration <br /> Books; <br /> (i) The term "System" means the City's combined <br /> waterworks and sewer system, and all present and future <br /> extensions, additions, replacements, and improvements thereto. <br /> (j ) The term" Surplus Revenues" means the revenues of <br /> the City's combined Waterworks and Sewer System to the extent <br /> available after deduction of the reasonable expenses of operation <br /> and maintenance thereof and payment of all debt service, reserve <br /> and other requirements in connection with all of the City's <br /> revenue bonds and other obligations now outstanding or hereafter <br /> issued (excepting only the additional parity bonds and other <br /> obligations which the City hereinafter reserves the right to <br /> issue) which are payable from and secured by a lien on all or part <br /> of the net revenues of the City I s combined waterworks and sewer <br /> system. <br /> (k) The term "Outstanding", when used in this Ordinance <br /> with respect to Bonds, means, as of the date of determination, all <br /> Bonds theretofore delivered and issued pursuant to this Ordinance, <br /> except: <br /> (i) Bonds theretofore cancelled by the Paying <br /> Agent/Registrar or delivered to the Paying Agent/Registrar for <br /> cancellation; <br /> (ii) Bonds for which payment has been duly <br /> provided by the City by the irrevocable deposit with the Paying <br /> Agent/Registrar of money in the amount necessary to fully pay the <br /> principal of, premium, if any, and interest thereon to maturity; <br /> (iii) Bonds that have been mutilated, destroyed, <br /> lost, or stolen and replacement Bonds have been registered and <br /> delivered in lieu thereof as provided in this Ordinance; and <br /> (iv) Bonds for which the payment of the principal <br /> of, premium, if any, and interest on has been dul¥ provided by the <br /> deposit in trust of money or Government Securit1es, or both, as <br /> provided in this Ordinance. <br /> (1) The term "Government Securities" means direct <br /> obligations of, or obligations the principal of and interest on <br /> which are unconditionally guaranteed by, the United states of <br /> America, which are non-callable prior to the respective Maturities <br /> of the Bonds, and may be united States Treasury Obligations such <br /> as the state and Local Government Series, and may be in book-entry <br /> form; <br /> (m) The term "Paying Agent/Registrar" means the Paying <br /> Agent/Registrar named in this Ordinance as such Paying Agent/ <br /> -12- <br />