03-1461 Gas Tax Bonds - Laserfiche WebLink

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as reported in the Wall Street Journal and concurred by the Purchaser and the "yield-to-maturity" of the U.S. Treasury Note or Bond on the date of prepayment (c) having a maturity equal or comparable to the remaining period to final maturity of the Note as reported in the Wall Street Journal and concurred by the Purchaser, times the result of dividing the number of days to maturity of the Note (d) by 360. Mathematical1y the prepayment penalty equation can be demonstrated as follows: a' «b-c) · (d/360» = Prepayment Penalty No prepayment penalty shall be due or owing hereunder if, on the date of such prepayment, the yield to maturity of the U.S. Treasury Note or Bond having a maturity equal or comparable to the remaining period to final maturity of the Note or Bond in effect at the time of this Note having a maturity equal or comparable to the original term of this Note as reported in the Wall Street Journal and concurred by the Purchaser. "Prerefunded Obligations" shall mean any bonds or other obligations of any state of the United States of America or of any agency, instrumentality or local governmental unit of any such state (I) which are (A) not callable prior to maturity or (B) as to which irrevocable instructions have been given to the fiduciary for such bonds or other obligations by the obligor to give due notice of redemption and to call such bonds for redemption on the date or dates specified in such instructions, (2) which are fully secured as to principal, redemption premium, if any, and interest by a fund consisting only of cash or Federal Securities, secured in the manner set forth in Section 8.0 I hereof, which fund may be applied only to the payment of such principal of, redemption premium, if any, and interest on such bonds or other obligations on the maturity date or dates thereof or the specified redemption date or dates pursuant to such irrevocable instructions, as the case may be, (3) as to which the principal of and interest on the Federal Securities, which have been deposited in such fund along with any cash on deposit in such fund, are sufficient, as verified by an independent certified public accountant, to pay principal of, redemption premium, if any, and interest on the bonds or other obligations on the maturity date or dates thereof or on the redemption date or dates specified in the irrevocable instructions referred to in clause (I) above, and (4) which are rated in the highest rating category of Standard & Poor's Corporation, Fitch or Moody's Investors Service. "Principal Account" shall mean the separate account in the Debt Service Fund established pursuant to Section 4.04 hereof. "Projects" shall mean, collectively, the 2003 Project and all Additional Projects, if any. "Purchaser" means SunTrust Bank as the initial purchaser of I 00% ofthe principal amount of the Series 2003 Note. "Purchaser" shal1 also be deemed to include any successors or assigns of Sun Trust Bank or any other institution participating in the purchase of the Series 2003 Note. "Rebate Account" shall mean the separate account in the Debt Service Fund established pursuant to Section 4.04 hereof. 9