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"Operating Agreement" means this operating agreement, dated as of <br /> including any amendments and supplements hereto. <br /> "Operating Agreements" means, collectively, the operating agreements executed by the <br /> Authority relating to the Project. <br /> "Operating Costs" means the costs spent or incurred by the Authority for maintaining and <br /> operating the Project, including all expenses of management, repair and operation, including but <br /> not limited to costs of electricity, outside vendor contracts, software license and upgrades, , <br /> replenishment of the Reserve and Replacement Fund, and all other expenses necessary to <br /> maintain and preserve the Project in good repair and working order, and all administrative costs <br /> of the Authority, including administrative costs attributable to the Project and to the Operating <br /> Agreement, including without limitation salaries and wages of employees, overhead, insurance, <br /> taxes (if any), expenses, reasonable compensation and indemnification of fiscal agents, paying <br /> agents and trustees with respect to the foregoing, and fees of auditors, accountants, attorneys or <br /> engineers, and all applicable federal, state and local requirements pertaining to the operation of <br /> the Project. <br /> "Operating Payment" means the share of Operating Costs, including but not limited to <br /> funding of the Reserve and Replacement Fund and funding of new capital, annually allocated to <br /> each User, as annually determined by the Authority. <br /> "Operating Period" means the period in each year from July 1 to and including the <br /> following June 30, during which time the Authority is operating the Project. <br /> 'Project" means that certain public safety radio system to be financed with the proceeds of <br /> the Bonds and all other sources of financing available to the Authority, as described in Exhibit B <br /> hereto, as the same may be amended from time to time. <br /> "Project Fund" means that certain fund created pursuant to the Authority's Financing <br /> Agreements with the Counties, to be funded from the proceeds of issuance of the Authority's <br /> Bonds and the prepayment of Service Payments made prior to Bond sizing. <br /> "Reserve and Replacement Fund means the reserve and replacement fund held by the <br /> Authority pursuant to Section 3.06 hereof. <br /> "Reserve and Replacement Fund Requirement" means that requirement for the <br /> Authority's maintenance of a minimum of One Million Dollars ($1,000,000) in the Reserve and <br /> Replacement Fund. <br /> "Revenue Fund" means the special fund held by the Trustee pursuant to the Trust <br /> Agreement. <br /> "Revenues" means (a) the Initial Payments, (b) all User Payments received by the <br /> Authority from the Users hereunder, including the proceeds of any business interruption <br /> insurance, (c) investment income with respect to any moneys held by the Trustee in the funds <br /> and accounts established under the Trust Agreement and the Financing Agreements, and (d) all <br /> other funds from any source legally available to the Authority. <br /> - 4 - <br /> P r o j e c t Operating Agreement 1 1 17; 10 <br /> City Attomey Group <br />