Common use of Limit on Maturity of Certificates Clause in Contracts

Limit on Maturity of Certificates. A list of the assets included in the Financed Facilities and a computation of the “average reasonably expected economic life” is attached to this Tax Agreement as Exhibit C. Based on this computation, the “average maturity” of the Certificates of 5.4655 years, as computed by Special Tax Counsel, does not exceed 120% of the average reasonably expected economic life of the Financed Facilities.

Limit on Maturity of Certificates. A list of the assets included in the Financed Facilities 2018 Project and a computation of the “average reasonably expected economic life” is attached to this Tax Agreement as Exhibit C. C hereto. Based on this computation, the “average maturity” of the Certificates of 5.4655 ( years), as computed by Special Tax Counsel, does not exceed 120% of the “average reasonably expected economic life life” of the Financed Facilities.

Limit on Maturity of Certificates. A list of the assets included in the Financed Facilities Facility and a computation of the “average reasonably expected economic life” is attached to this Tax Agreement as Exhibit C. D hereto. Based on this computation, the “average maturity” of the Certificates of 5.4655 16.193 years, as computed by Special Tax Counsel, does not exceed 120% of the “average reasonably expected economic life life” of the Financed FacilitiesFacility (36.92 years).

Limit on Maturity of Certificates. A list of the assets included in the Financed Facilities Facility and a computation of the “average reasonably expected economic life” is attached to this Tax Agreement as Exhibit C. Based on this computation, the “average maturity” of the Certificates of 5.4655 7.237 years, as computed by Special Tax Counsel, does not exceed 120% of the average reasonably expected economic life of the Financed FacilitiesFacility.

Limit on Maturity of Certificates. A list of the assets included in the Financed Facilities Property and a computation of the “average reasonably expected economic life” is attached to this Tax Agreement Certificate as Exhibit C. D. Based on this computation, the “average maturity” of the Certificates of 5.4655 years, as computed by Special Tax Counsel, does not exceed 120% of the average reasonably expected economic life of the Financed FacilitiesProperty ( years).