Ord 2013-022/Electric Utility System Revenue Financing Program

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"Paying Agent" means each entity designated in a Supplement as the place of payment of a series or issue of Parity Debt. "Pledged Revenues" means (1) the Net Revenues plus (2) any additional revenues, income, receipts, or other resources, including, without limitation, any grants, donations or income received or to be received from the United States Government, or any other public or private source, whether pursuant to an agreement or otherwise, which hereafter are pledged by the City to the payment of the Parity Debt, and excluding those revenues excluded from Gross Revenues. "Registrar" means the entity designated in a Supplement as the Registrar of a series or issue of Parity Debt. "Reserve Account Obligation" means a surety bond or insurance policy deposited in any reserve account established pursuant to a Supplement whereby the issuer is obligated to provide funds up to and including the maximum amount and under the conditions specified in such agreement or instrument. "Security" has the meaning assigned to that term in Section 2(a) hereof. "Special Project" means, to the extent permitted by law, any electric light and power or other similar system property, improvement or facility declared by the City not to be part of the Electric Utility System, for which the costs of acquisition, construction and installation are paid from proceeds of a financing transaction other than Pledged Revenues or Net Revenues and for which all maintenance and operation expenses are payable from sources other than Pledged Revenues or Net Revenues, but only to the extent that and for so long as all or any part of the revenues or proceeds of which are or will be pledged to secure the payment or repayment of such costs of acquisition, construction and installation under such financing transaction. "State" means the State of Texas. "Stated Maturity" when used with respect to any Parity Debt or any installment of interest thereon means any date specified in the instrument evidencing or authorizing such Parity Debt or such installment of interest as a fixed date on which the principal of such Parity Debt or any installment thereof or the fixed date on which such installment of interest is due and payable. "Subordinated Debt" means any Debt which expressly provides that all payments thereon shall be subordinated to the timely payment of all Parity Debt then outstanding or subsequently issued. "Supplement" means a resolution supplemental to, and authorized and executed pursuant to the terms of, this Master Ordinance as may be supplemented or amended from time to time as authorized by the City and such Supplement. "System Account" has the meaning assigned to that term in Section 3(b) hereof. SanMARCOS \ElectricUti)SysRevBonds \2013: MasterOrdinance A -7