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Bond Law means Article 4 commencing with Section 6584 of Chapter 5 of Division 7 <br />of Title 1 of the California Government Code as amended from time to time <br />Bonds means the revenue bonds of the Authority issued from time to time to finance <br />the Project pursuant to the Trust Agreement <br />Business Day means a day which is not a Saturday Sunday or legal holiday on which <br />banking institutions in the State of California or in any state in which the Office of the Trustee is <br />located are closed <br />County means the County of Alameda andor the County of Contra Costa as further <br />specified herein <br />Debt Service means the debt service due Alameda and Contra Costa Counties on the <br />Bonds and set forth in the Trust Agreement and Financing Agreements as they may be amended <br />or supplemented from time to time <br />Due Date means with respect to the User Payments August 31st of each year <br />Event of Default means an event of default described in Section 501 hereof <br />Financing Agreement means an agreement between the Authority and the respective <br />County pursuant to which County will purchase the Bonds <br />Fiscal Year means the period beginning on July 1 of each year and ending on the next <br />succeeding June 30 or any other twelve month period hereafter selected and designated as the <br />official Fiscal Year period of the Authority designated in a Written Certificate of the Authority <br />delivered to the Trustee <br />Initial Payments means the charge of Two Hundred Dollars S200 per radio <br />established by the Authority as an up front payment required to become a User pursuant to <br />Section 301 <br />JPA Agreement means that certain Joint Exercise of Powers Agreement dated as of <br />September 11 2007 establishing the Authority as originally executed or as it may from time to <br />time be supplemented modified or amended as provided therein <br />Members means the signatories to the JPA Agreement as the same may be amended <br />from time to time that have executed an Operating Agreement <br />Net Proceeds means when used with respect to any insurance or condemnation award <br />received by the Authority the proceeds from such insurance or condemnation award remaining <br />after payment of all reasonable expenses including attorneys fees incurred in the collection of <br />such proceeds <br />New User means a local agency that has entered into or intends to enter into an <br />Operating Agreement with the Authority and that has not paid an Initial Payment <br />3 <br />Pr oj e ct Operating Agreement Ili 1710 <br />City Attorney Group