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" Depository System Participant means any participant in the Depository's book - <br />entry system. <br />" means The Depository Trust Company, New York, New York, and its <br />successors and assigns. <br />" Event of Default means any of the events described in Section 8.01. <br />" Federal Securities means: (a) any direct general obligations of the United <br />States of America (including obligations issued or held in book entry form on the books <br />of the Department of the Treasury of the United States of America), for which the full <br />faith and credit of the United States of America are pledged; (b) obligations of any <br />agency, department or instrumentality of the United States of America, the timely <br />payment of principal and interest on which are directly or indirectly secured or <br />guaranteed by the full faith and credit of the United States of America. <br />" Fiscal Year means any twelve -month period beginning on July 1 in any year <br />and extending to the next succeeding June 30, both dates inclusive, or any other twelve- <br />month period selected and designated by the City as its official fiscal year period under <br />a Certificate of the City filed with the Trustee. <br />" Indenture " means this Indenture of Trust between the City and the Trustee, as <br />amended or supplemented from time to time under any Supplemental Indenture entered <br />into under the provisions hereof. <br />" Independent Accountant means any accountant or firm of such accountants <br />duly licensed or registered or entitled to practice and practicing as such under the laws <br />of the State of California, appointed by or acceptable to the City, and who, or each of <br />whom: (a) is in fact independent and not under domination of the City; (b) does not have <br />any substantial interest, direct or indirect, with the City; and (c) is not connected with the <br />City as an officer or employee of the City, but who may be regularly retained to make <br />reports to the City. <br />" Interest Account means the account by that name established and held by the <br />Trustee under Section 4.02(a). <br />" Interest Payment Date means [June 1], 2012, and each [June 1] and <br />[December 1] thereafter so long as any of the Bonds remain unpaid. <br />" Moody's means Moody's Investors Service, a corporation organized and <br />existing under the laws of the State of Delaware, and its successors. <br />" Nominee " means (a) initially, Cede & Co. as nominee of DTC, and (b) any other <br />nominee of the Depository designated under Section 2.04(a). <br />" Office " means, with respect to the Trustee, the corporate trust office of the <br />Trustee at the address set forth in Section 9.08, or at such other or additional offices as <br />may be specified by the Trustee in writing to the City. <br />" Original Purchaser means Wedbush Securities Inc., as original purchasers of <br />the Bonds upon the negotiated sale thereof. <br />A -2 <br />