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charges and routine maintenance or repair costs(whether or not such expenses are paid from <br /> the Surplus Fund or the Repair and Replacement Fund),(ii)amounts due and payable to the <br /> Trustee or the City as fees or reimbursement of expenses under the terms of the Indenture, <br /> the Loan Agreement,the Mortgage or the Subordinate Mortgage, (iii) amounts required to <br /> be deposited in the Taxes and Insurance Fund(but not amounts required to be deposited in <br /> the Repair and Replacement Fund), and (iv) principal paid and accrued interest on Short- <br /> Term Indebtedness (as defined in the Loan Agreement), excluding (a) items otherwise <br /> constituting Operating Expenses paid from the Taxes and Insurance Fund, (b) interest due <br /> and payable or accrued on outstanding Bonds, (b) Non-Cash Expenses, (c) any loss or <br /> expense resulting from or related to any extraordinary and nonrecurring items,(d)any losses <br /> or expenses related to the sale of assets, the proceeds of which sale are not included in <br /> Project Revenues. <br /> "Operating Reserve Fund" means the fund established under Section 5.11 of the <br /> Indenture. <br /> "Operating Reserve Requirement" means an amount equal to $250,000, which <br /> amount may be funded by cash, a bank letter of credit, or any combination thereof. <br /> "Opinion of Counsel" means a written opinion of counsel (who need not be <br /> Independent counsel unless so specified) appointed by the Borrower or the City and <br /> acceptable to the Trustee or appointed by the Trustee. If and to the extent required by the <br /> .rovisions of Section 1.02 of the Indenture each Osinion of Counsel shall include the <br /> statements provided for in said Section 1.02. <br /> "Optional Redemption Fund" means the fund so named in Section 4.01 of the <br /> Indenture. <br /> "Original Purchaser" means,with respect to the Series 2001 Bonds,Miller Johnson <br /> Steichen Kinnard, Inc., and with respect to any Additional Bonds, the Original Purchaser <br /> identified in a Supplemental Indenture for the Additional Bonds. <br /> "Ordinary Trustee Fees and Expenses"means all fees and expenses chargeable by the <br /> Trustee for its services rendered under the Indenture;exclusive of fees and expenses incurred <br /> as a result of a Default or Event of Default. <br /> "Outstanding" when used as of any particular time with reference to Bonds of any <br /> Series(and whether or not the term is capitalized)means(subject to the provisions of Section <br /> 9.03 of the Indenture pertaining to any Bonds held by the City and the Borrower) all Bonds <br /> of the Series theretofore authenticated and delivered by the Trustee under the Indenture or <br /> any Supplemental Indenture except: (i) Bonds or the Series theretofore canceled by the <br /> Trustee or surrendered to the Trustee for cancellation; (ii) Bonds of the Series for the <br /> payment or redemption of which funds or direct obligations of or obligations fully guaranteed <br /> by the United States of America in the necessary amount shall have theretofore been <br /> deposited with the Trustee (whether upon or prior to the maturity or the redemption date of <br />