NO REPLACEMENT; AVERAGE MATURITY. No portion of the Sale Proceeds of the Series 2014 Bonds has been or will be used as a substitute for other funds that were otherwise to be used as a source of financing for the Series 2014 Bonds Project, and that have been or will be used to acquire, directly or indirectly, Investment Property producing a yield in excess of the Bond Yield. The weighted average maturity of the Series 2014 Bonds (26.3933 years) does not exceed 120 percent of the average reasonably expected economic life of the facilities financed with Proceeds of the Series 2014 Bonds (the “Financed Facilities”), as shown on Exhibit B attached hereto.
NO REPLACEMENT; AVERAGE MATURITY. No portion of the amounts received from the issuance of the Notes will be used as a substitute for other funds that otherwise were to be used as a source of financing for the Project and that have been or will be used to acquire, directly or indirectly, Investment Property producing a yield in excess of the "yield" on the Notes. The weighted average maturity of the Notes ([[5]] years, treating the entire Tax Exempt Commitment as borrowed on the Initial Tax Exempt Advance Date and not repaid until the maturity date of the Notes) does not exceed 120 percent of the average reasonably expected economic life of the Project, determined in the same manner as under section 147(b).
