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<br />33J <br /> <br />obligations payable from and secured by a lien on the net revenues of the System shall be deducted <br />in determining "Net Revenues". <br /> <br />"Ordinance" means this Ordinance. <br /> <br />"Original Issue Date" means the initial date from which interest on the Bonds accrues and <br />which is designated in Section 3.02(a) of this Ordinance. <br /> <br />"Owner" means the person who is the registered owner of a Bond or Bonds, as shown in the <br />Register. <br /> <br />"Parity Revenue Obligations" means the Bonds and Additional Parity Obligations. <br /> <br />"Paying Agent/Registrar" means Texas Commerce Bank National Association, any successor <br />thereto or an entity which is appointed as and assumes the duties of paying agent/registrar as provided <br />in this Ordinance. . <br /> <br />"Purchaser" means the person, firm or entity initially purchasing the Bonds from the City and <br />which is designated in Section 7.01 of this Ordinance. <br /> <br />"Record Date" means the 15th day of the month next preceding an Interest Payment Date. <br /> <br />~ <br />"Register" means the Register specified in Section 3.06(a) of this Ordinance. <br /> <br />"Representation Letter" means the Letter of Representations with respect to the Bonds, <br />between the City and DTC. <br /> <br />"Special Payment Date" means the Special Payment Date prescribed by Section 3.03(b) ofthis <br />Ordinance. <br /> <br />"Surety" means MBIA Insurance Corporation. <br /> <br /> <br />"Surety Policy" means a surety bond, insurance policy, letter of credit or other agreement or <br />instrument, including any related reimbursement or financial guaranty agreement, by which the issuer <br />is obligated to provide funds up to and including the maximum amount and under the conditions <br />specified in such agreement or instrument, provided that the issuer of any Surety Policy shall be rated, <br />at the time of issuance of such Surety Policy, in the highest rating category by AM. Best Company, <br />Standard & Poor's Ratings Group or Moody's Investors Service. <br /> <br />"System" means the City's combined Waterworks and Sewer System, including all present and <br />future extensions, enlargements, additions, replacements and improvements thereto. <br /> <br />R.:\3A.~\WWSSlU.9"'DOCS\01lDNCE;.a'Z1>.c l:F <br /> <br />4 <br />