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<br />trustee of such bonds or other obligations by the obligor to give due notice of redemption <br />and to call such bonds for redemption on the date or dates specified in such instructions, (ii) <br />which are secured as to principal and interest and redemption premium, if any, by a fund <br />consisting only of cash or bonds or other obligations of the character described in clause (1) <br />hereof which fund may be applied only to the payment of such principal of and interest and <br />redemption premium, if any, on such bonds or other obligations on the maturity date or <br />dates thereof or the redemption date or dates specified in the irrevocable instructions <br />referred to in subclause (i) of this clause (2), as appropriate, and (iii) as to which the <br />principal of and interest on the bonds and obligations of the character described in clause (1) <br />hereof which have been deposited in such fund along with any cash on deposit in such fund <br />are sufficient to pay principal of and interest and redemption premium, if any, on the bonds <br />or other obligations described in this clause (2) to and including the maturity date or dates <br />thereof or to and including the redemption date or dates specified in the irrevocable <br />instructions referred to in subclause (i) of this clause (2), as appropriate; <br /> <br />(3) Evidences of indebtedness issued by the Federal Home Loan Banks, Federal <br />Home Loan Mortgage Corporation (including participation certificates), Federal Financing <br />Banks, or any other agency or instrumentality of the United States of America created by an <br />act of Congress provided that the obligations of such agency or instrumentality are <br />unconditionally guaranteed by the United States of America or any other agency or <br />instrumentality of the United States of America or of any corporation wholly-owned by the <br />United States of America; and <br /> <br />(4) Evidences of ownership of proportionate interests in future interest and <br />principal payments on obligations described in clause (1) above held by a bank or trust <br />company as custodian. <br /> <br />"Electric Utilities Tax" shall mean the tax imposed by the City on each and every purchase <br />in the City of electricity (as defined in the Utilities Tax Ordinance). Said term shall also apply to all <br />taxes imposed by the City on the purchase of electricity (as defined in the Utilities Tax Ordinance), <br />whether levied in the amounts prescribed by the Utilities Tax Ordinance or in any other amounts <br />and whether imposed either by amendment to the Utilities Tax Ordinance or otherwise. <br /> <br />"First Tranche" shall mean, except as otherwise set forth in Section 2.6(b) of this <br />Ordinance, the first $5,000,000 of the maximum principal amount of the Bond required to be <br />advanced by the Bondholder to the City under the terms and conditions of this Ordinance. <br /> <br />"Franchise Fees" shall mean all revenues received by the City under the franchises granted <br />by the City or received by the City under interlocal arrangements pursuant to the Franchise <br />Ordinances for the right, privilege and franchise to maintain and operate an electric utility in the <br />City, to provide telephone services in the City, to sell metered or bottled gas in the City, to provide <br />cable television services in the City and to provide solid waste collection services in the City. Said <br />term shall also apply to all other franchise fees imposed by the City for any and all of such services, <br />whether imposed pursuant to the Franchise Ordinances, pursuant to amendme~ts thereto or <br />otherwise. <br /> <br />6 <br />