Common use of PEBT Clause in Contracts

PEBT. a) Date adjustment for the annual funding of the PEBT LTD plan: Change the date of the annual funding payment of $19,428,240 provided by the Ministry of Education from January 1 to April 1 of each year, commencing April 1, 2015. Thereafter the Ministry of Education will provide the PEBT with $19,428,240 each April 1. The annual contribution period will continue to be based on the calendar year. Recognizing the impact on interest earnings as a result of the three (3) month delay in 2015, the PEBT will be provided with a one-time interest payment by the Ministry of Education of $300,000 on January 2, 2015.

PEBT. a) Date adjustment for the annual funding of the PEBT LTD plan: Change the date of the annual funding payment of nineteen million four hundred twenty-eight thousand two hundred forty dollars ($19,428,240 19,428,240) provided by the Ministry of Education from January 1 to April 1 of each year, commencing April 1, 2015. Thereafter the Ministry of Education will provide the PEBT with nineteen million four hundred twenty-eight thousand two hundred forty dollars ($19,428,240 19,428,240) each April 1. The annual contribution period will continue to be based on the calendar year. Recognizing the impact on interest earnings as a result of the three (3) month delay in 2015, the PEBT will be provided with a one-time interest payment by the Ministry of Education of three hundred thousand dollars ($300,000 300,000) on January 2, 2015.

PEBT. a) Date adjustment for the annual funding of the PEBT LTD plan: Change Changing the date of the annual funding payment of $19,428,240 provided by the Ministry of Education from January 1 to April 1 of each year, commencing April 1, 2015. Thereafter the Ministry of Education will provide the PEBT with $19,428,240 each April 1. The annual contribution period will continue to be based on the calendar year. Recognizing the impact on interest earnings as a result of the three (3) month delay in 2015, the PEBT will be provided with a one-time interest payment by the Ministry of Education of $300,000 on January 2, 2015.

PEBT. a) Date adjustment for the annual funding of the PEBT LTD plan: Change the date of the annual funding payment of $19,428,240 provided by the Ministry of Education from January 1 to April 1 of each year, commencing April 1, 2015. Thereafter the Ministry of Education will provide the PEBT with $19,428,240 each April 1. 77 The annual contribution period will continue to be based on the calendar year. Recognizing the impact on interest earnings as a result of the three (3) month delay in 2015, the PEBT will be provided with a one-time interest payment by the Ministry of Education of $300,000 on January 2, 2015.

PEBT. a) Date adjustment for the annual funding of the PEBT LTD plan: Change the date of the annual funding payment of $19,428,240 nineteen million four hundred twenty-eight thousand two hundred forty dollars provided by the Ministry of Education from January 1 to April 1 of each year, commencing April 1, 2015. Thereafter the Ministry of Education will provide the PEBT with $19,428,240 nineteen million four hundred twenty-eight thousand two hundred forty dollars each April 1. The annual contribution period will continue to be based on the calendar year. Recognizing the impact on interest earnings as a result of the three (3) month delay in 2015, the PEBT will be provided with a one-time interest payment by the Ministry of Education of $300,000 three hundred thousand dollars on January 2, 2015.