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subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of another individual other than a parent of such
children, or (B) married and entitled to file a joint return.
“Majority of the Holders of the Bonds” means the Holders of more than 50% of the principal
amount of the then Outstanding Bonds.
“Mandatory Tender” means a tender of Bonds required by the Indenture.
“Mandatory Tender Date” means either (a) the Initial Mandatory Tender Date; or (b) if the Bonds
Outstanding on such date or on any subsequent Mandatory Tender Date are remarketed pursuant to the
Indenture for a Remarketing Period that does not extend to the final maturity of the Bonds, the day after the
last day of the Remarketing Period.
“Maturity Date” means October 1, 2030 *.
“Maximum Interest Rate” means the interest rate equal to the lesser of (a) eight percent (8%) per
annum or (b) the maximum interest rate per annum permitted by applicable Commonwealth law.
“Minimum Trustee Rating” means a long term rating of the Trustee’s unsecured obligations with
maturities in excess of one (1) year of not less than “A” by S&P, or, if the Trustee does not have such a
rating from S&P, it must have a minimum rating of its unsecured obligations with maturities of one (1) year
or less of “A-1” from S&P.
“Moody’s” means Moody’s Ratings.
“Opinion of Bond Counsel” means an opinion of Bond Counsel.
“Opinion of Counsel” means an opinion from an attorney or firm of attorneys, acceptable to the
Issuer with experience in the matters to be covered in the opinion.
“Ordinary Services” and “Ordinary Expenses” mean those services normally rendered, and those
expenses normally incurred, by a trustee under instruments similar to the Indenture. Without limiting the
generality of this definition, Ordinary Services and Ordinary Expenses shall include, without limitation,
services provided by the Trustee in connection with the redemption of Bonds as provided in the Indenture
and in connection with any meetings of Holders of the Bonds as provided in the Indenture.
“Outstanding Bonds,” “Bonds Outstanding,” or “Outstanding” as applied to the Bonds means, as
of the applicable date, all Bonds which have been authenticated and delivered, or which are being delivered
by the Trustee under the Indenture, except:
(a) Bonds cancelled upon surrender, exchange or transfer, or cancelled because of
payment on or prior to that date;
(b) Bonds, or the portion thereof, for the payment or purchase for cancellation of
which sufficient money has been deposited and credited with the Trustee or the Paying Agents on
or prior to that date for that purpose (whether upon or prior to the maturity of those Bonds);
(c) Bonds, or the portion thereof, which are deemed to have been paid and discharged
or caused to have been paid and discharged pursuant to the provisions of the Indenture; and
* Preliminary; subject to change.
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