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forth, and to declare the terms and conditions upon and subject to which the Bonds are to be issued, and in consideration of the premises and of the mutual covenants herein contained and of the purchase and acceptance of the Bonds by the Owners (as hereinafter defined) thereof, and for other valuable consideration, the receipt whereof is hereby acknowledged, the County does hereby covenant and agree with the Trustee, for the benefit of the respective Owners from time to time of the Bonds, as follows: ARTICLE I DEFINITIONS AND INTERPRETATIONS Section 1.1. Definitions. Unless the context otherwise requires, the following terms shall have the following meanings: "Account"means any account created pursuant to this Indenture. "Acquisition Price"shall have the meaning set forth in Section 2(b)of the Project Funding Agreement. "Actual Costs"shall have the meaning set forth in Section 2(b) of the Project Funding Agreement. "Administrative Expense Account" means the account by such name in the Special Tax Fund created and established pursuant to Section 3.1 hereof. "Administrative Expense Budget Amount" means, for any Fiscal Year, the budgeted amount of Administrative Expenses included in the levyof Special Taxes for such Fiscal Year, as determined P P by the County and confirmed by the Special Tax Administrator. "Administrative Expenses" means the actual or reasonably estimated costs related to the administration of the District as set forth in Chapter 32 and the Ordinance of Formation, including, but not limited to (a) "Incidental Expenses" as defined in Exhibit B to the Ordinance of Formation and supplemented by Section 2(e) of the Project Funding Agreement, and (b) "Administrative Expenses" as defined in Section A of the RMA, which definitions are incorporated herein by this reference as if fully set forth herein. "Alternative Penalty Account" means the account by such name created and established in the Rebate Fund pursuant to Section 3.1 hereof. "Annual Debt Service" means the principal amount of any Outstanding Bonds payable in a Bond Year or Fiscal Year, as applicable, either at maturity or pursuant to a Sinking Fund Payment and any interest payable on any Outstanding Bonds in such Bond Year or Fiscal Year, if the Bonds are retired as scheduled. "Authorized County Representative" means the Director of Finance of the County or any other Person or Persons designated by the Director of Finance in a written instrument signed by such Director and containing the specimen signature of each such designee. 2