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(f) an executed Tax Certificate;
(g) written evidence from the Rating Agency confirming that the Bonds have been assigned a
rating of [Aa1/VMIG-1];
(h) payment to the Trustee, for the account of the Issuer, of the purchase price of
$[______________] for the Bonds; and
(i) payment to the Trustee, for the account of the Issuer, from the proceeds of the
Underwriter鈥檚 Advance, the Initial Deposit for deposit to the Interest Account of the Bond Fund.
Section 2.04 Maturity and Interest.
(a) General. The Bonds shall bear interest on the principal amount Outstanding from the most
recent date to which interest has been paid or duly provided for or, if no interest has been paid or provided
for, from their date of initial delivery, payable on each Interest Payment Date. The Bonds shall bear interest
for each Interest Period at the Interest Rate all as more specifically set forth hereinafter. Interest on the
Bonds shall be calculated on the basis of a three hundred sixty (360) day year consisting of twelve (12) 30
day months. The Bonds shall mature on the Maturity Date, subject to prior redemption as set forth in
Section 4.01 hereof and subject to Mandatory Tender for purchase as set forth in Section 4.03 hereof.
(b) Initial Interest Rate. From the date of their initial delivery to but not including the Initial
Mandatory Tender Date, the interest rate on the Bonds shall be the Initial Interest Rate. On the Initial
Mandatory Tender Date, the Bonds shall be subject to Mandatory Tender pursuant to Section 4.03 hereof.
If insufficient funds are available to pay the purchase price on the Bonds following such Mandatory Tender
on the Initial Mandatory Tender Date, the Bonds shall accrue interest at the Maximum Interest Rate until
funds are available for payment of the purchase price, with interest being paid monthly on the first Business
Day of each month.
(c) Establishment of Remarketing Rate. The Remarketing Agent shall establish the interest
rate on the Bonds Outstanding for each Remarketing Period at the Remarketing Rate in accordance with
this Section. Not less than 10 Business Days preceding each Remarketing Date, the Remarketing Agent,
taking into consideration prevailing market conditions, shall, using its best professional judgment,
determine the minimum rate(s) of interest which, if borne by the Bonds then Outstanding for the
Remarketing Period specified by the Remarketing Agent at the direction of the Borrower as provided in
Section 4.05 hereof, would permit all such Bonds to be remarketed at a price equal to par. The rate of
interest determined in accordance with the previous sentence shall be the Remarketing Rate for the specified
Remarketing Period; provided that if the rate of interest so determined for such period would exceed the
Maximum Interest Rate, any Bonds Outstanding shall be remarketed for the longest Remarketing Period
for which the minimum rate of interest that would enable such Bonds to be remarketed at a price equal to
100% of the principal amount of such Bonds that would not exceed the Maximum Interest Rate.
Notwithstanding the foregoing, if the rate of interest so determined for any Remarketing Period would
exceed the Maximum Interest Rate, the Bonds Outstanding shall not be remarketed.
(d) Notice of Remarketing Rate. The Remarketing Agent shall, upon determination of the
Remarketing Rate and Remarketing Period, immediately (and in no event later than the Business Day
following the day on which the Remarketing Agent makes its determination of the Remarketing Rate and
the Remarketing Period) give notice of its determination in writing to the Remarketing Notice Parties. The
Remarketing Rate and the Remarketing Period shall be conclusive and binding upon the Remarketing
Notice Parties and the Holders for the purposes of this Indenture.
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