Common use of Certificates of Participation Clause in Contracts

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011B)" (the "Series 2011B Certificates") and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Series 2011A Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM"). The Series 2011A Certificates not constituting Insured Series 2011A Certificates shall not be subject to credit enhancement. (c) The Reserve Requirement for the Series 2011B Certificates and the Series 2011A Certificates shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Series 2011B Certificates is July 1, 20 . The Series 2011A Certificates are not subject to optional prepayment prior to maturity. (e) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 Project shall be allocated to the Series 2011A Certificates allocable to this Third Amended and Restated Lease Schedule, on a pro rata basis with the Series 2011B Certificates allocable to this Second Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 Project allocable to the Series 2011B Certificates and the Series 2011A Certification under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Fifth Amended and Restated Lease Schedule are identified as as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011B)" (the "Series 2011B Certificates") ), and (ii) a portion of the outstanding "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Series 2011B Certificates and the Series 2011A Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM"). The Series 2011A Certificates not constituting Insured Series 2011A Certificates shall not be subject to credit enhancement. (c) The Reserve Requirement for the Series 2011B Certificates and the Series 2011A Certificates shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Series 2011B Certificates is July 1, 20 . The Series 2011A Certificates are not subject to optional prepayment prior to maturity. (e) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 1990A Project shall be allocated to the Series 2011A 2011B Certificates allocable to this Third Fifth Amended and Restated Lease Schedule, on a pro rata basis with the Series 2011B 2011A Certificates allocable to this Second the Fourth Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 1990A Project allocable to the Series 2011B Certificates and the Series 2011A Certification Certificates under this Third Fifth Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011B)" (the "Series 2011B Certificates") ), and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Series 2011A Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM"). The Series 2011A Certificates not constituting Insured Series 2011A 2011B Certificates shall not be subject to credit enhancement. (c) The Reserve Requirement for the Series 2011B Certificates and the Series 2011A Certificates shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Series 2011B Certificates is July 1, 20 . The Series 2011A Certificates are not subject to optional prepayment prior to maturity. (e) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 1995 Project shall be allocated to the Series 2011A 2011B Certificates allocable to this Third Amended and Restated Lease Schedule, on a pro rata basis with the Series 2011B 2011A Certificates allocable to this Second Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 1995 Project allocable to the Series 2011B Certificates and the Series 2011A Certification Certificates under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011B2013A)" (the "Series 2011B 2013A Certificates") and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie CountyOutstanding Series 2004A Certificates, Florida Master Lease Programeach, Series 2011A)" (the "Series 2011A Certificates"), each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Outstanding Series 2011A Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and the Series 2011B 2004A Certificates is Assured Guaranty Municipal Corp. ("AGM"). The Credit Enhancer for the Series 2011A 2013A Certificates not constituting Insured Series 2011A Certificates shall not be subject to credit enhancementis . (c) The Reserve Requirement for the Outstanding Series 2011B 2004A Certificates and the Series 2011A 2013A Certificates shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Outstanding Series 2011B Certificates is July 1, 20 . The Series 2011A 2004A Certificates are not subject to optional prepayment prior to maturity. The Optional Prepayment Date for the Series 2013A Certificates is July 1, 20 . (e) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 2004A Project shall be allocated to the Series 2011A Certificates allocable to this Third Amended and Restated Lease Schedule2013A Certificates, on a pro rata basis with the Outstanding Series 2011B Certificates 2004A Certificates. With respect to the Outstanding Series 2004A Certificates, the portion of such Net Proceeds allocable to this Second Amended and Restated Lease Schedulesuch Certificates shall be applied to the Mandatory Prepayment thereof in accordance with the Series 2004A Supplemental Trust Agreement related thereto. The With respect to the Series 2013A Certificates, the portion of the Net Proceeds relating to the Series 2000 2004A Project allocable to the Series 2011B 2013A Certificates and the Series 2011A Certification under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Series 2002 Lease Schedule are identified as (i) a portion of the "Refunding unrefunded “Certificates of Participation (The School Board of St. Lucie Lake County, Florida Florida, Master Lease Program), Series 2011B)" (the "Series 2011B Certificates") and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each 2002 Evidencing an Fractional Undivided Proportionate Interest Interests of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the The School Board of St. Lucie Lake County, Florida” (the “Series 2002 Certificates”), (ii) “Certificates of Participation (The School Board of Lake County, Florida, Master Lease Program), Series 2005C Evidencing Fractional Undivided Interests of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by The School Board of Lake County, Florida” (the “Series 2005C Certificates”) and (iii) “Certificates of Participation (The School Board of Lake County, Florida, Master Lease Program), Series 2012A Evidencing Fractional Undivided Interests of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by The School Board of Lake County, Florida” (the “Series 2012A Certificates”)." (b) The Credit Enhancer for the Series 2011A 2002 Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM"). The Series 2011A Certificates not constituting Insured Series 2011A 2005C Certificates shall not be subject to credit enhancementAmbac Assurance Corporation, or any successor thereto (the “Insurer”). (c) The Reserve Requirement for the Series 2011B Certificates 2002 Subaccount, the Series 2005C Subaccount and the Series 2011A Certificates 2012A Subaccount established in the Reserve Account under the Trust Agreement shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Series 2011B 2002 Certificates is shall be July 1, 20 2012. The Series 2011A 2005C Certificates are and the Series 2012A Certificates shall not be subject to optional prepayment prior to maturityprepayment. (e) For The Closure Date of the Series 2002 Subaccount of the Project Account established for the Series 2002 Certificates, for purposes of Section 5.08(c6.03(g) of the Lease Trust Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 Project shall be allocated to the Series 2011A Certificates allocable to this Third Amended and Restated Lease ScheduleJune 1, on a pro rata basis with the Series 2011B Certificates allocable to this Second Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 Project allocable to the Series 2011B Certificates and the Series 2011A Certification under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below2006.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie Sarasota County, Florida Master Lease Program), Series 2011B)" (the "Series 2011B Certificates") and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each 2016A Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the School Board of St. Lucie Sarasota County, Florida" (the "Series 2016A Certificates") and (ii) the Outstanding Series 2010B Certificates." (b) The There is no Credit Enhancer for the Outstanding Series 2011A 2010B Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and or the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM")2016A Certificates. The Series 2011A Certificates not constituting Insured Series 2011A Certificates Any provisions of the Lease Agreement relating to a Credit Enhancer shall not be subject apply to credit enhancementthe Outstanding Series 2010B Certificates or the Series 2016A Certificates. (c) The Reserve Requirement for each of the Outstanding Series 2011B 2010B Certificates and Series 2016A Certificates under the Series 2011A Certificates Trust Agreement shall be zero dollars ($0.00). (d) There is no Optional Prepayment Date for the Outstanding Series 2010B Certificates. The Optional Prepayment Date for the Series 2011B 2016A Certificates is July 1, 20 . The shall be determined in accordance with Section 501 of the Series 2011A Certificates are not subject to optional prepayment prior to maturity2016A Supplemental Trust Agreement. (e) No Prepayment Amount is designated for purposes of 6.03(g) of the Trust Agreement. (f) The Closure Date of the Series 2010B Subaccount of the Project Account for purposes of Section 6.03(g) of the Trust Agreement, shall not be applicable. (g) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 2010B Project shall be allocated to the Series 2011A Certificates allocable to this Third Amended and Restated Lease Schedule2016A Certificates, on a pro rata basis with the Outstanding Series 2011B Certificates allocable to this Second Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 Project allocable to the Series 2011B 2010B Certificates and the Series 2011A Certification under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 15 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Third Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie Sarasota County, Florida Master Lease Program), Series 2011B)" (the "Series 2011B Certificates") and (ii) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each 2016A Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Lease-Purchase Agreement by the School Board of St. Lucie Sarasota County, Florida" (the "Series 2016A Certificates") and (ii) the Outstanding Series 2009 Certificates." (b) The There is no Credit Enhancer for the Outstanding Series 2011A 2009 Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") and or the Series 2011B Certificates is Assured Guaranty Municipal Corp. ("AGM")2016A Certificates. The Series 2011A Certificates not constituting Insured Series 2011A Certificates Any provisions of the Lease Agreement relating to a Credit Enhancer shall not be subject apply to credit enhancementthe Outstanding Series 2009 Certificates or the Series 2016A Certificates. (c) The Reserve Requirement for each of the Outstanding Series 2011B 2009 Certificates and Series 2016A Certificates under the Series 2011A Certificates Trust Agreement shall be zero dollars ($0.00). (d) There is no Optional Prepayment Date for the Outstanding Series 2009 Certificates. The Optional Prepayment Date for the Series 2011B 2016A Certificates is July 1, 20 . The shall be determined in accordance with Section 501 of the Series 2011A Certificates are not subject to optional prepayment prior to maturity2016A Supplemental Trust Agreement. (e) No Prepayment Amount is designated for purposes of 6.03(g) of the Trust Agreement. (f) The Closure Date of the Series 2009 Subaccount of the Project Account for purposes of Section 6.03(g) of the Trust Agreement, shall not be applicable. (g) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2000 2009 Project shall be allocated to the Series 2011A Certificates allocable to this Third Amended and Restated Lease Schedule2016A Certificates, on a pro rata basis with the Outstanding Series 2011B Certificates allocable to this Second Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 2000 Project allocable to the Series 2011B 2009 Certificates and the Series 2011A Certification under this Third Amended and Restated Lease Schedule shall be applied in accordance with Section 14 15 below.