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<br />-6- <br /> <br />“Interest Account” means the account by that name established and held by the Trustee <br />pursuant to Section 4.03(a). <br /> <br />“Interest Payment Date” means March 1 and September 1 in each year, commencing <br />[September 1, 2018], so long as any of the Bonds remain Outstanding hereunder. <br /> <br />“Law” means the Community Redevelopment Law, constituting Part 1 of Division 24 of the <br />California Health and Safety Code, together with the Dissolution Act, and the acts amendatory <br />thereof and supplemental thereto (including the Dissolution Act). <br /> <br />“Maximum Annual Debt Service” means, as of the date of calculation, the largest Annual <br />Debt Service for the current or any future Bond Year, including payments on any Parity Debt, as <br />certified in writing by the Successor Agency to the Trustee. <br /> <br />“Nominee” means (a) initially, Cede & Co., as nominee of DTC, and (b) any other nominee <br />of the Depository designated pursuant to Section 2.11(a). <br /> <br />“Notice of Insufficiency” means the report described in Health and Safety Code Section <br />34183(b) of the Dissolution Act. <br /> <br />“Outstanding” when used as of any particular time with reference to Bonds, means <br />(subject to the provisions of Section 9.05) all Bonds except: <br /> <br />(a) Bonds theretofore canceled by the Trustee or surrendered to the Trustee for <br />cancellation; <br /> <br />(b) Bonds paid or deemed to have been paid within the meaning of Section 9.03; <br />and <br /> <br />(c) Bonds in lieu of or in substitution for which other Bonds shall have been <br />authorized, executed, issued and delivered by the Successor Agency pursuant hereto. <br /> <br />“Oversight Board” means the Oversight Board of the Successor Agency to the <br />Redevelopment Agency of the City of San Leandro duly constituted from time to time pursuant to <br />Section 34179 of the California Health and Safety Code. <br /> <br />“Owner” or “Bondowner” means, with respect to any Bond, the person in whose name the <br />ownership of such Bond shall be registered on the Registration Books. <br /> <br />“Parity Debt” means any loan, bonds, notes, advances or indebtedness payable from Tax <br />Revenues on a parity with the 2018 Bonds as authorized by the provisions of Section 3.05. <br /> <br />“Parity Debt Instrument” means any resolution, indenture of trust, loan agreement, trust <br />agreement or other instrument authorizing the issuance of any Parity Debt, including, without <br />limitation, a Supplemental Indenture authorized by Section 7.01(e). <br /> <br />“Participating Underwriter” has the meaning ascribed thereto in the Continuing Disclosure <br />Certificate. <br />“Pass-Through Agreements” means, collectively: <br /> <br />432