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~1 "DTC" shall mean The Depository Trust Company, a limited purpos trust company 2 organized under the laws of the State of New York, and its successors and assign . 3 4 "EXCESS ~ARNINGS" means, with respect to a particular series of Certificat s issued as Ta.~c- 5 Exempt Obligations, the amount of: (a)(i) investment earnings derived from money on deposit from 6 time to time in the related Funds established under the Agreement with respect o such series of 7 Certificates or any other fund or account established under the Agreement in conn ction therewith, 8 to the extent that such investment earnings are required to be taken into account for purposes of 9 determining the Rebate Amount for such series of Certificates; and (ii) investment arnings derived 10 from moneys on deposit in any other fund or account (whether or not held by the T stee) containing l i funds the investment earnings on which are required to be taken into account for purposes of 12 determining the Rebate Amount for such series of Certificates; less (b) the amount hat would have 13 been earned on such moneys had such moneys been invested at a yield equal to he yield on the 14 related series of Certificates (with the yield on the related series of Certificates bei g determined in is accordance with the provisions of Section 148(~ of the Code); provided tha the investment 16 earnings that qualify for any exemption from arbitrage rebate pursuant to an applic le provision of 17 the Code shall not be included in the definition of "Excess Earnings", it being t e intent of this 1 s definition that "Excess Earnings" shall be calculated so that the Rebate Amount s determinecl in 19 accordance with the requirements with Section 148(~ of the Code (or any succes or thereto). 20 21 "EXECUTION DATE" means December 1, 1998. , 22 ~3 "FINAL COMPUTATION DATE" shall mean "final computation date" as suc phrase is used 24 in the regulations promulgated pursuant to Section 148( fl of the Code (or any suc essor thereto). 25 26 "FINANCING PAYMENTS" means: (1) when used with respect to the 1998 ertificates, the 27 1998 Financing Payments; and (2) when used with respect to any series of Additio al Certificates, 28 the Financing Payments relating to such series of Additional Certificates as rovided in the 29 Supplemental Agreement pursuant to which such series of Additional Certificates e executed and 30 delivered. 31 32 ~~FiscAL YEAR" shall mean the fiscal year of the County, currently that peri d commencing 33 on July 1 and continuing to and including the next succeeding June 30. 34 35 "Fulvns" means any one or more of the funds established under the Agree ent, including 36 any special subaccounts therein. 37 38 "GOVERNMENT OBLIGATIONS" means: (i) any general obligations of the nited States of 39 America; and (ii) any obligations of any agency or instrumentality of the United St tes of America 4o but only if the payment of the principal of, premium (if any) and interest on su obligations is 41 backed by the full faith and credit of the United States of America, including for purposes of the ~ DEFINITIONS APPENDIX PAGE 6