Common use of Principal Sum Clause in Contracts

Principal Sum. DOLLARS San Diego Unified School District of San Diego County, State of California (herein called the “District”), acknowledges itself obligated to and promises to pay to the registered owner identified above or registered assigns, only from taxes collected by the County of San Diego (the “County”) for such purpose pursuant to Section 15250 of the Education Code of the State of California, on the maturity date set forth above or upon redemption prior thereto, the principal sum specified above in lawful money of the United States of America, and to pay interest thereon in like lawful money at the interest rate per annum stated above, computed on the basis of a 360-day year of twelve 30-day months, payable [July 1, 2016], and thereafter on January 1 and July 1 in each year, until payment of said principal sum. If this bond is authenticated and registered on any date on or prior to December 15, 2016, it shall pay interest to the registered owner thereof from the date hereof. If authenticated during the period between any Record Date (defined as the 15th day of the month preceding an interest payment date) and the close of business on its corresponding interest payment date, it shall pay interest from such interest payment date. Otherwise, this bond shall pay interest to the registered owner hereof from the interest payment date immediately preceding the date of its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal corporate trust office (as that term is defined in the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), the paying agent/registrar and transfer agent of the District. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business day, such interest to be paid by check mailed to such registered owner at the owner’s address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than the Record Date immediately preceding an interest payment date, of the owner of Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amount, interest will be paid by wire transfer to an account maintained in the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns shall be the registered owner of this bond, payment shall be made by wire transfer as provided in the Paying Agent Agreement. This Bond is one of a duly authorized issue of bonds of like tenor (except for such variations, if any, as may be required to designate varying series, numbers, denominations, interest rates, maturities and redemption provisions), amounting in the aggregate to $ , designated as “San Diego Unified School District 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), Series [SR-1/R-5]” (the “Bonds”), issued for the purpose of refunding portions of a series of outstanding bonds of the District (the “2016 Refunded Bonds”). Such 2016 Refunded Bonds are part of [an authorization of $2,100,000,000 approved by a vote of at least 55% of the voters voting at an election duly and legally called, held and conducted in the District on November 4, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]. The Bonds were authorized by a resolution approved by the Board of Education of the District (the “Board”) on , 2016 (the “Resolution”), and are issued and sold pursuant to a Paying Agent Agreement, dated as of August 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreement, dated as of May 1, 2016 (collectively, the “Paying Agent Agreement”), by and between the District and the Paying Agent. The Bonds are issued and sold by the District pursuant to and in strict conformity with the provisions of the Resolution, the Paying Agent Agreement and of the Constitution and laws of California, specifically under the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California to refund certain 2016 Refunded Bonds. The Bonds are issuable as fully registered bonds without coupons in the denomination of $5,000 principal amount or any integral multiple thereof, provided that no Bond shall have principal maturing on more than one principal maturity date. Subject to the limitations and conditions and upon payment of the charges, if any, as provided in the Paying Agent Agreement, Bonds may be exchanged for a like aggregate principal amount of Bonds of the same maturity and interest rate of other authorized denominations. This Bond is transferable by the registered owner hereof, in person or by attorney duly authorized in writing, at said office of the Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Bond. Upon such transfer, a new Bond or Bonds of authorized denomination or denominations for the same maturity, interest rate, and same aggregate principal amount will be issued to the transferee in exchange herefor. The District and the Paying Agent may treat the registered owner hereof as the absolute owner hereof for all purposes, and the District and the Paying Agent shall not be affected by any notice to the contrary. The Bonds are subject to redemption on the dates, at the redemption prices and pursuant to the terms set forth in the Paying Agent Agreement. Notice of redemption of any Bonds or any portions thereof shall be given as set forth in the Paying Agent Agreement. If this bond is called for redemption and payment is duly provided therefor, interest shall cease to accrue hereon from and after the date fixed for redemption. The Board hereby certifies and declares that the total amount of indebtedness of the District, including the amount of this Bond, is within the limit provided by law, that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond have been done and performed in strict conformity with the laws authorizing the issuance of this Bond, that this Bond is in the form prescribed by the Paying Agent Agreement and shall be payable out of the Interest and Sinking Fund of the District, and the money for the payment of the principal of this Bond, premium, if any, and the payment of interest hereon, shall be raised by taxation upon the taxable property of said District. This Bond shall not be entitled to any benefit under the Paying Agent Agreement, or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been signed by the Paying Agent.

Principal Sum. DOLLARS San Diego Unified School District The Public Facilities Financing Authority of San Diego County, State of California (herein called the “District”), acknowledges itself obligated to and promises to pay to the registered owner identified above or registered assigns, only from taxes collected by the County City of San Diego (the “CountyAuthority”), a joint powers agency created by The City of San Diego (the “City”) for such purpose and the Redevelopment Agency of the City of San Diego (the “Agency”) pursuant to Section 15250 California Government Code Sections 6500 et seq. for value received, hereby promises to pay (but only out of the Education Code of Revenues hereinafter referred to) to the State of California, Registered Owner specified above or registered assigns (the “Owner”) on the maturity date set forth Maturity Date specified above or upon (subject to any right of prior redemption prior theretoprovided for) the Principal Sum specified above, together with interest thereon. Interest shall accrue on the Series 2010A Bonds from one Interest Payment Date to, but not including, the next Interest Payment Date; provided, however, that initially such interest shall accrue from the Closing Date to, but not including, the first Interest Payment Date. The principal sum specified above of this Series 2010A Bond shall be payable in lawful money of the United States of America, and to pay interest thereon in like lawful money America at the interest rate per annum stated above, computed on designated corporate trust office of the basis Trustee in upon presentation and surrender of a 360-day year of twelve 30-day months, payable [July 1, 2016], and thereafter on January 1 and July 1 this Series 2010A Bond or such other place as designated by the Trustee or specified in each year, until payment of said principal sumthe Master Indenture. CAPATALIZED TERMS USED HEREIN WHICH ARE NOT DEFINED HEREIN SHALL HAVE THE MEANING SETFORTH IN THE MASTER INDENTURE (DEFINED BELOW). If this bond Series 2010A Bond is authenticated and registered issued in book-entry form, payment of interest on any date this Series 2010A Bond due on or before the maturity or prior to December 15redemption, 2016, it thereof shall pay interest be made to the registered owner thereof from person in whose name such Series 2010A Bond is registered, as of the date hereof. If authenticated during the period between any Record Date (defined as preceding the 15th day of the month preceding an interest payment date) and the close of business on its corresponding applicable interest payment date, it shall pay interest from such interest payment date. Otherwise, this bond shall pay interest to on the registered owner hereof from registration books kept by the interest payment date immediately preceding the date of Trustee at its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal designated corporate trust office (as that term is defined in the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), the paying agent/registrar and transfer agent of the District. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business dayoffice, such interest to be paid by check mailed by first class mail on such interest payment date to such registered owner the Owner at the owner’s his address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than books as the Record Date immediately preceding Date; provided that upon the written request of an interest payment date, Owner by $1,000,000 or more in aggregate principal amount of the owner of Series 2010A Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amountreceived by the Trustee prior to the applicable Record Date, interest will shall be paid by wire transfer to an account maintained in immediately available funds. Interest on this Series 2010A Bond shall be payable in lawful money of the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns of America and shall be calculated on the registered owner basis of this bond, payment shall be made by wire transfer as provided in the Paying Agent Agreement360 days and actual days elapsed. This Series 2010A Bond is one of a duly authorized issue of bonds of like tenor (except for such variations, if any, as may be required to designate varying series, numbers, denominations, interest rates, maturities and redemption provisions), amounting in the aggregate to $ , Authority designated as its “Public Facilities Financing Authority of the City of San Diego Unified School District 2016 General Obligation Lease Revenue Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), Series [SR-1/R-5]2010A (Master Refunding Project)” (the “Series 2010A Bonds”) in the aggregate principal amount of dollars ($ ), issued for the purpose all of refunding portions of a series of outstanding bonds of the District (the “2016 Refunded Bonds”). Such 2016 Refunded Bonds are part of [an authorization of $2,100,000,000 approved by a vote of at least 55% of the voters voting at an election duly like tenor, maturity, interest rate and legally called, held and conducted in the District on November 4, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]. The Bonds were authorized by a resolution approved by the Board of Education of the District (the “Board”) on , 2016 (the “Resolution”)date, and are is issued under and sold pursuant to a Paying Agent Agreement, dated as the provisions of August 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreementan Master Indenture, dated as of May 1, 2016 2010 (collectively, the “Paying Agent AgreementMaster Indenture”), by and between the District Authority and Xxxxx Fargo Bank, N.A., as trustee (the Paying Agent“Trustee”). The Series 2010A Bonds are issued limited obligations of the Authority and sold are payable, as to interest thereon and principal thereof, solely from the revenues derived from Base Rental Payments paid by the District City for the use and occupancy of the Leased Property (as defined in the Master Lease) as long as the City has such use and occupancy of the Leased Property, and amounts on deposit in the funds, accounts and subaccounts established under the Master Indenture (other than amounts on deposit in the Rebate Fund), all as set forth in the Master Indenture (“Revenues”). The Authority has leased the Leased Property to the City pursuant to the Master Facilities Lease, dated as of May 1, 2010 (“Master Lease”), and pursuant to the Master Lease the City has agreed to pay Base Rental Payments to the Trustee for the use and occupancy of the Leased Property. All the Series 2010A Bonds are equally and ratably secured in strict conformity accordance with the provisions terms and conditions of the Resolution, the Paying Agent Agreement and Master Indenture by a pledge of the Constitution Revenues, which Revenues shall be held in trust for the security and laws of California, specifically under the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 payment of the Government Code interest on and principal of the Series 2010A Bonds as provided in the Master Indenture. The Series 2010A Bonds are special, limited obligations of the Authority and do not constitute a debt, liability or obligation of the City or of the State of California (the “State”) or any political subdivision thereof and neither the faith and credit of the City nor the State are pledged to refund certain 2016 Refunded the payment of the principal of or interest on the Series 2010A Bonds. The Authority has no taxing power. Reference is hereby made to the: (1) Master Indenture and any and all amendments thereof and supplements thereto, for a description of the terms under which the Series 2010A Bonds are issuable as fully registered bonds without coupons in issued, the denomination provisions with regard to the nature and extent of $5,000 principal amount or the Revenues, and the rights of the Owners of the Series 2010A Bonds; and (2) Master Lease and any integral multiple thereofand all amendments thereof and supplements thereto, provided that no Bond for a description of the terms under which the City is required to make Base Rental Payments to the Trustee, copies of which are on file at the office of the Secretary of the Authority and at the designated corporate trust office of the Trustee. All of the terms of the Master Indenture are hereby incorporated herein and constitute a contract between the Authority and the Owner of this Series 2010A Bond, to all the provisions of which the Owner of this Series 2010A Bond, by acceptance hereof, agrees and consents. Each Owner hereof shall have principal maturing on more than one principal maturity date. Subject recourse to all of the limitations provisions of the Master Indenture and shall be bound by all of the terms and conditions thereof. The Authority has agreed and upon covenanted that, for the payment of the chargesinterest on and the principal of this Series 2010A Bond and any Additional Bonds authorized by the Master Indenture when due, if anythere has been created and will be maintained by the Trustee special funds into which all Revenues shall be deposited, and the Authority has allocated such Revenues solely to the payment of the interest on and principal of the Series 2010A Bonds and any Additional Bonds, and the Authority will pay promptly when due the interest on and the principal of this Series 2010A Bond and any Additional Bonds authorized by the Master Indenture out of said special funds, all in accordance with the terms and provisions set forth in the Master Indenture. The Series 2010A Bonds are subject to redemption as provided in the Paying Agent Agreement, Bonds may be exchanged for a like aggregate principal amount of Bonds of the same maturity and interest rate of other authorized denominationsMaster Indenture. This Bond Reference is transferable by the registered owner hereof, in person or by attorney duly authorized in writing, at said office of the Paying Agent, but only in the manner, subject made to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Bond. Upon such transfer, a new Bond or Bonds of authorized denomination or denominations Master Indenture for the same maturity, interest rate, transfer provisions and same aggregate principal amount will be issued restrictions applicable to the transferee in exchange hereforSeries 2010A Bonds. The District Authority and the Paying Agent Trustee may deem and treat the registered owner Owner hereof as the absolute owner hereof for the purpose of receiving payment of the interest hereon and principal hereof and for all other purposes, whether or not this Series 2010A Bond shall be overdue, and neither the District and Authority nor the Paying Agent Trustee shall not be affected by any notice or knowledge to the contrary; and payment of the interest on and principal of this Series 2010A Bond shall be made only to such Owner, which payments shall be valid and effectual to satisfy and discharge liability on this Series 2010A Bond to the extent of the sum or sums so paid. The rights and obligations of the Authority and of the Owners of the Series 2010A Bonds are subject may be amended at any time in the manner, to redemption on the datesextent and upon the terms provided in the Master Indenture, but no such amendment shall (1) extend the maturity of this Series 2010A Bond or reduce the interest rate hereon or otherwise alter or impair the obligation of the Authority to pay the interest hereon or principal hereof at the redemption prices time and pursuant place and at the rate and in the currency provided herein, without the express written consent of the Owner of this Series 2010A Bond, (2) permit the creation by the Authority of any pledge of the Revenues superior to or on a parity with the terms pledge created by the Master Indenture for the benefit of the Series 2010A Bonds, or (3) modify any rights or obligations of the Trustee without its prior written assent thereto, all as more fully set forth in the Paying Agent AgreementMaster Indenture. Notice If the Authority shall pay or cause to be paid or there shall otherwise be paid to the Owners of redemption of any all Outstanding Series 2010A Bonds or any portions the interest thereon and the principal thereof shall be given as set forth at the times and in the Paying Agent Agreement. If this bond is called for redemption manner stipulated herein and payment is duly provided thereforin the Master Indenture, interest then the registered owners of such Series 2010A Bonds shall cease to accrue hereon from and after be entitled to the date fixed for redemption. The Board hereby certifies and declares that the total amount of indebtedness pledge of the District, including the amount of this Bond, is within the limit Revenues as provided by law, that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond have been done Master Indenture, and performed in strict conformity with the laws authorizing the issuance of this Bondall agreements, that this Bond is in the form prescribed by the Paying Agent Agreement covenants and shall be payable out other obligations of the Interest Authority to the registered owners of such Series 2010A Bonds under the Master Indenture shall thereupon cease, terminate and Sinking Fund of the District, become void and the money for the payment of the principal of this Bond, premium, if any, be discharged and the payment of interest hereon, shall be raised by taxation upon the taxable property of said Districtsatisfied. This Series 2010A Bond shall not be entitled to any benefit benefit, protection or security under the Paying Agent Agreement, Master Indenture or become valid or obligatory for any purpose, purpose until the certificate of authentication and registration hereon endorsed shall have been signed manually executed and dated by the Paying AgentTrustee. It is hereby certified that all acts and proceedings required by law necessary to make this Series 2010A Bond, when executed by the Authority, authenticated and delivered by the Trustee and duly issued, the valid, binding and legal limited obligation of the Authority have been done and taken, and have been in all respects duly authorized.

Principal Sum. DOLLARS San Diego Unified School District Xxxxxxx Community College District, County of San Diego CountyAlameda, State of California (herein called the “District”), acknowledges itself obligated to and promises to pay cause to be paid to the registered owner identified above or registered assigns, but only from taxes collected by the County of San Diego Alameda (the “County”) for such purpose pursuant to Section 15250 of the Education Code of the State of California, on the maturity date set forth above or upon redemption prior thereto, the principal sum specified above in lawful money of the United States of America, and to pay interest thereon in like lawful money at the interest rate per annum stated above, computed on the basis of a 360-day year of twelve 30-day months, payable [July 1, 2016], and thereafter on January February 1 and July August 1 in each year, commencing August 1, 2020, until payment of said principal sum. If this bond is authenticated and registered on any date on or prior to December the close of business on July 15, 20162020, it shall pay bear interest to the registered owner thereof from the date hereof. If authenticated during the period between any Record Date (defined as the 15th day of the month preceding an interest payment date) and the close of business on its corresponding interest payment date, it shall pay bear interest from such interest payment date. Otherwise, this bond shall pay bear interest to the registered owner hereof from the interest payment date immediately preceding the date of its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal corporate trust office (as that term is defined in place or places designated for the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), purpose by the paying agent/registrar and transfer agent of the DistrictDistrict (herein called the “Paying Agent”), initially U.S. Bank National Association. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business day, such interest to be paid by check mailed to such registered owner at the owner’s address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than the Record Date immediately preceding an interest payment date, of the owner of Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amount, interest will be paid by wire transfer to an account maintained in the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns shall be the registered owner of this bond, payment shall be made by wire transfer as provided in the Paying Agent AgreementAgreement hereinafter described. This Bond bond is one of a duly authorized issue of bonds of like tenor (except for such variations, if any, as may be required to designate varying series, numbers, denominations, interest payment modes, interest rates, maturities and redemption provisions), amounting in the aggregate to $ $[2020A Par Amount], and designated as “San Diego Unified School Xxxxxxx Community College District 2016 2020 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), 2018 Election, Series [SR-1/R-5]A” (the “Bonds”), issued for the purpose of refunding portions of a series of outstanding bonds of the District (the “2016 Refunded Bonds”). Such 2016 Refunded The Bonds are part of [an authorization of $2,100,000,000 approved were authorized by a vote of at least 55% of the voters voting at an election duly and legally called, held and conducted in the District on November 46, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]2018. The Bonds were authorized by a resolution approved are issued and sold by the Board of Education Trustees of the District (District, pursuant to and in strict conformity with the “Board”) on , 2016 (provisions of the “Resolution”)Constitution and laws of the State of California, and are issued and sold pursuant to a the Paying Agent Agreement, dated as of August [May] 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreement, dated as of May 1, 2016 2020 (collectively, the “Paying Agent Agreement”), by and between the District and the Paying Agent. The Bonds are issued and sold by the District pursuant Reference is hereby made to and in strict conformity with the provisions of the Resolution, the Paying Agent Agreement and any and all amendments thereof for a description of the Constitution and laws of Californiaterms on which the Bonds are issued, specifically under for the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 rights of the Government Code Owners of the State Bonds, for the provisions for payment of California the Bonds, and for the amendment of the Paying Agent Agreement (with or without consent of the Owners of the Bonds); and all the terms of the Paying Agent Agreement are hereby incorporated herein and constitute a contract between the District and the Registered Owner of this Bond, to refund certain 2016 Refunded Bondsall the provisions of which the Registered Owner of this Bond, by acceptance hereof, agrees and consents. Capitalized undefined terms used herein have the meanings ascribed thereto in the Paying Agent Agreement. The Bonds are issuable as fully registered bonds without coupons in the denomination of $5,000 principal amount or any integral multiple thereof, provided that no Bond shall have principal maturing on more than one principal maturity date. Subject to the limitations and conditions and upon payment of the charges, if any, as provided in the Paying Agent Agreement, Bonds may be exchanged for a like aggregate principal amount of Bonds of the same maturity series, maturity, interest payment mode and interest rate of other authorized denominations. This Bond is transferable by the registered owner hereof, in person or by attorney duly authorized in writing, at said designated corporate trust office of the Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Bondbond. Upon such transfer, a new Bond or Bonds of authorized denomination or denominations for the same series, maturity, and interest rate, and same aggregate principal amount will be issued to the transferee in exchange herefor. The District and the Paying Agent may treat the registered owner hereof as the absolute owner hereof for all purposes, and the District and the Paying Agent shall not be affected by any notice to the contrary. [The Bonds are subject to optional and mandatory sinking fund redemption on the dates, at the redemption prices terms and pursuant subject to the terms set forth conditions specified in the Paying Agent Agreement. Notice of redemption of any Bonds or any portions thereof shall be given , and as set forth shown in the Paying Agent Agreementattached Redemption Schedule. If this bond Bond is called for redemption and payment is duly provided therefor, interest shall cease to accrue hereon from and after the date fixed for redemption. .] The Board of Trustees of the District hereby certifies and declares that the total amount of indebtedness of the District, including the amount of this Bondbond, is within the limit provided by law, ; that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond bond have been done and performed in strict conformity with the laws authorizing the issuance of this Bond, bond; and that this Bond bond is in substantially the form prescribed by order of the Paying Agent Agreement Board of Trustees of the District duly made and shall be entered on its minutes. The Bonds represent an obligation of the District payable out of the Interest interest and Sinking Fund sinking fund of the District, and the money for the payment of the principal redemption of this Bond, and the payment of principal of, premium, if any, and the payment of interest hereon, shall be raised by taxation upon the taxable property of said the District. This Bond bond shall not be entitled to any benefit under the Paying Agent Agreement, or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been signed by the Paying Agent.

Principal Sum. DOLLARS San Diego Lodi Unified School District District, a school district duly organized and existing under and pursuant to the Constitution and laws of San Diego County, the State of California (herein called the “District”), for value received, hereby acknowledges itself obligated indebted to and promises to pay to the registered owner identified named above or registered assigns, only from taxes collected by the County of San Diego (the “County”) for such purpose pursuant to Section 15250 of the Education Code of the State of California, on the maturity date set forth above or upon redemption prior theretospecified above, the principal sum specified above together with interest thereon from the date hereof until the principal hereof shall have been paid, at the interest rate per annum specified above, payable semiannually on February 1 and August 1, commencing February 1, 2021. Interest hereon is payable in lawful money of the United States of America by check mailed or, upon the written request of any Owner of $1,000,000 or more in aggregate principal amount of Bonds who has provided The Bank of New York Trust Company, N.A. (the “Paying Agent”) with wire transfer instructions, by wire transfer on each interest payment date to the registered owner as of the close of business on the 15th day of the calendar month immediately preceding such interest payment date. The principal hereof and premium, if any, hereon are payable at the corporate trust office of the Paying Agent in Dallas, Texas, or such other office as may be designated by the Paying Agent (together with any successor as paying agent under the hereinafter mentioned Paying Agent Agreement, the “Paying Agent”), in lawful money of the United States of America, and to pay interest thereon in like lawful money at the interest rate per annum stated above, computed on the basis of a 360-day year of twelve 30-day months, payable [July 1, 2016], and thereafter on January 1 and July 1 in each year, until payment of said principal sum. If this bond is authenticated and registered on any date on or prior to December 15, 2016, it shall pay interest to the registered owner thereof from the date hereof. If authenticated during the period between any Record Date (defined as the 15th day of the month preceding an interest payment date) and the close of business on its corresponding interest payment date, it shall pay interest from such interest payment date. Otherwise, this bond shall pay interest to the registered owner hereof from the interest payment date immediately preceding the date of its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal corporate trust office (as that term is defined in the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), the paying agent/registrar and transfer agent of the District. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business day, such interest to be paid by check mailed to such registered owner at the owner’s address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than the Record Date immediately preceding an interest payment date, of the owner of Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amount, interest will be paid by wire transfer to an account maintained in the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns shall be the registered owner of this bond, payment shall be made by wire transfer as provided in the Paying Agent Agreement. This Bond is one of a duly authorized issue of bonds of the District designated “Lodi Unified School District, School Facilities Improvement District No. 1 (“SFID No. 1”), San Xxxxxxx County, California, General Obligation Bonds, Election of 2006” (the “Bonds”) aggregating $10,000,000 in principal amount, all of like tenor (except for such variations, if any, as may be required to designate varying series, denominations, numbers, denominationsmaturities, interest rates, maturities and redemption provisions, and forms), amounting in the aggregate to $ , . This Bond is also one of a duly authorized series of Bonds additionally designated as “San Diego Unified School District 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), Series [SR-1/R-5]2020” (the “Series 2020 Bonds”), ) issued for pursuant to the purpose of refunding portions of a series of outstanding bonds provisions of the District (the “2016 Refunded Bonds”). Such 2016 Refunded Bonds are part of [an authorization of $2,100,000,000 approved by a vote of at least 55% of the voters voting at an election duly and legally called, held and conducted in the District on November 4, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]. The Bonds were authorized by a resolution approved by the Board of Education of the District (the “Board”) on , 2016 (the “Resolution”), and are issued and sold pursuant to a Paying Agent Agreement, dated as of August October 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreement, dated as of May 1, 2016 (collectively, the “Paying Agent Agreement”)2018, by and between the District and the Paying Agent, (the “Original Paying Agent Agreement”), as amended and supplemented by the First Supplemental Paying Agent Agreement, dated as of November 1, 2020, by and between the District and the Paying Agent (the “First Supplemental Paying Agent Agreement,” together with the Original Paying Agent Agreement, the “Paying Agent Agreement”), in the aggregate principal amount of $10,000,000. The Series 2020 Bonds are issued and sold by the District pursuant to and in strict conformity with the provisions of the ResolutionCalifornia Government Code Sections 53506 et seq., and applicable provisions of the California Education Code. This Series 2020 Bond is issued under the authority of and pursuant to the Constitution and statutes of the State of California, and the proceedings of the District duly adopted and taken, a vote and assent of more than fifty-five percent of all the qualified electors of SFID No. 1 voting at an election duly called and held for that purpose on November 7, 2006 (collectively, the “Law”), and pursuant to the Paying Agent Agreement. The Series 2020 Bonds are secured by the levy of ad valorem property taxes on all taxable property in the territory of SFID No. 1, which taxes are unlimited as to rate and amount (except with respect to certain personal property that is taxable at limited rates). The Series 2020 Bonds, including interest and redemption premium thereon, do not constitute a debt or liability of the State of California, the County of San Xxxxxxx, or any other political subdivision of the State of California other than the District. Reference is hereby made to the Paying Agent Agreement and to the Law for a description of the Constitution terms on which the Series 2020 Bonds are issued and laws of California, specifically under to be issued and the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 rights of the Government Code registered owners of the State of California to refund certain 2016 Refunded Series 2020 Bonds. All the terms of the Paying Agent Agreement and the Law are hereby incorporated herein and constitute a contract between the District and the registered owner from time to time of this Series 2020 Bond. The registered owner of this Series 2020 Bond, by its acceptance hereof, consents and agrees to all the provisions of the Paying Agent Agreement. Additional Bonds are issuable as fully registered bonds without coupons may be issued on a parity with the Series 2020 Bonds of this authorized issue, but only subject to the conditions and limitations contained in the denomination Paying Agent Agreement. The Series 2020 Bonds maturing on or after August 1, 20 , are subject to redemption prior to their respective stated maturities, at the option of $5,000 the District, from any source of available funds, as a whole or in part (by such maturities as may be specified by the District and by lot within a maturity), on any date on or after August 1, 20 , at redemption prices equal to the principal amount or any integral multiple thereofof Series 2020 Bonds called for redemption, provided that no Bond shall have principal plus accrued interest to the date fixed for redemption, without premium. The Series 2020 Term Bonds maturing on more than one principal maturity date. Subject August 1, 20 , are subject to the limitations and conditions and upon payment of the chargesredemption prior to their stated maturity, if anyin part, by lot, from Mandatory Redemption Payments as provided in the Paying Agent Agreement, Bonds may at the principal amount thereof, together with accrued interest to the date fixed for redemption, without premium, but which amounts will be exchanged for a like aggregate proportionally reduced by the principal amount of all Term Bonds of the same maturity and interest rate optionally redeemed. This Series 2020 Bond is transferable or exchangeable for other Series 2020 Bonds of other authorized denominations. This Bond is transferable denominations by the registered owner hereof, in person or by its attorney duly authorized in writing, at said the corporate trust office of the Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Series 2020 Bond. Upon such transfer, transfer a new fully registered Series 2020 Bond or Series 2020 Bonds without coupons, of authorized denomination or denominations denominations, of the same series, tenor, and maturity for the same maturity, interest rate, and same aggregate principal amount will be issued to the transferee in exchange herefor. Unless this Series 2020 Bond is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Paying Agent or its agent for registration of transfer, exchange, or payment, and any such Series 2020 Bond issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof Cede & Co. has an interest herein. The District and the Paying Agent may deem and treat the registered owner hereof as the absolute owner hereof for all purposes, and the District and the Paying Agent shall not be affected by any notice to the contrary. The rights and obligations of the District and of the registered owners of the Series 2020 Bonds are subject to redemption on may be modified or amended at any time in the datesmanner, at the redemption prices and pursuant to the extent, and upon terms set forth provided in the Paying Agent Agreement, which provide, in certain circumstances, for modifications and amendments without the consent of or notice to the registered owners of Series 2020 Bonds. Notice of redemption of It is hereby certified and recited that any Bonds or any portions thereof shall and all acts, conditions, and things required to exist, to happen, and to be given as set forth performed, precedent to and in the Paying Agent Agreement. If incurring of the indebtedness evidenced by this bond is called for redemption Series 2020 Bond, and payment is duly provided thereforin the issuing of this Series 2020 Bond, interest shall cease to accrue hereon from do exist, have happened, and after have been performed in due time, form and manner, as required by the date fixed for redemption. The Board hereby certifies Constitution and declares statutes of the State of California; that the total amount of indebtedness of the District, including the amount of this Series 2020 Bond, is within the does not exceed any limit provided by law, that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond have been done and performed in strict conformity with the laws authorizing the issuance of this Bond, that this Bond is in the form prescribed by the Paying Agent Agreement Constitution and shall be payable out the statutes of the Interest State of California; and Sinking Fund that this Series 2020 Bond is not in excess of the District, and the money for the payment amount of the principal of this Bond, premium, if any, and the payment of interest hereon, shall Bonds permitted to be raised by taxation upon the taxable property of said District. This Bond shall not be entitled to any benefit issued under the Paying Agent Agreement, or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been signed by the Paying Agent.

Principal Sum. DOLLARS San Diego Unified School District of San Diego County, State of California (herein called the “District”), acknowledges itself obligated to and promises to pay to the registered owner identified above or registered assigns, only from taxes collected by the County of San Diego (the “County”) for such purpose pursuant to Section 15250 of the Education Code of the State of California, on the maturity date set forth above or upon redemption prior thereto, the principal sum specified above in lawful money of the United States of America, and to pay interest thereon in like lawful money at the interest rate per annum stated above, computed on the basis of a 360-day year of twelve 30-day months, payable [July January 1, 2016]2017, and thereafter on January 1 and July 1 in each year, until payment of said principal sum. If this bond is authenticated and registered on any date on or prior to December 15, 2016, it shall pay bear interest to the registered owner thereof from the date hereof. If authenticated during the period between any Record Date (defined as the 15th day of the month preceding an interest payment date) and the close of business on its corresponding interest payment date, it shall pay bear interest from such interest payment date. Otherwise, this bond shall pay bear interest to the registered owner hereof from the interest payment date immediately preceding the date of its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal corporate trust office (as that term is defined in the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), the paying agent/registrar and transfer agent of the District. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business day, such interest to be paid by check mailed to such registered owner at the owner’s address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than the Record Date immediately preceding an interest payment date, of the owner of Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amount, interest will be paid by wire transfer to an account maintained in the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns shall be the registered owner of this bond, payment shall be made by wire transfer as provided in the Paying Agent Agreement. This Bond is one of a duly authorized issue of bonds of like tenor (except for such variations, if any, as may be required to designate varying series, numbers, denominations, interest rates, maturities and redemption provisions), amounting in the aggregate to $ , designated as “San Diego Unified School District 2016 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), Series [SR-1/R-5]” (the “Bonds”), issued for the purpose of refunding portions of a series of outstanding bonds of the District (the “2016 Refunded Bonds”). Such 2016 Refunded Bonds are part of [an authorization of $2,100,000,000 approved by a vote of at least 55% of the voters voting at an election duly and legally called, held and conducted in the District on November 4, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]. The Bonds were authorized by a resolution approved by the Board of Education of the District (the “Board”) on , 2016 (the “Resolution”), and are issued and sold pursuant to a Paying Agent Agreement, dated as of August 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreement, dated as of May [May] 1, 2016 (collectively, the “Paying Agent Agreement”), by and between the District and the Paying Agent. The Bonds are issued and sold by the District pursuant to and in strict conformity with the provisions of the Resolution, the Paying Agent Agreement and of the Constitution and laws of California, specifically under the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California to refund certain 2016 Refunded Bonds. The Bonds are issuable as fully registered bonds without coupons in the denomination of $5,000 principal amount or any integral multiple thereof, provided that no Bond shall have principal maturing on more than one principal maturity date. Subject to the limitations and conditions and upon payment of the charges, if any, as provided in the Paying Agent Agreement, Bonds may be exchanged for a like aggregate principal amount of Bonds of the same maturity and interest rate of other authorized denominations. This Bond is transferable by the registered owner hereof, in person or by attorney duly authorized in writing, at said office of the Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Bond. Upon such transfer, a new Bond or Bonds of authorized denomination or denominations for the same maturity, interest rate, and same aggregate principal amount will be issued to the transferee in exchange herefor. The District and the Paying Agent may treat the registered owner hereof as the absolute owner hereof for all purposes, and the District and the Paying Agent shall not be affected by any notice to the contrary. The Bonds are subject to redemption on the dates, at the redemption prices and pursuant to the terms set forth in the Paying Agent Agreement. Notice of redemption of any Bonds or any portions thereof shall be given as set forth in the Paying Agent Agreement. If this bond is called for redemption and payment is duly provided therefor, interest shall cease to accrue hereon from and after the date fixed for redemption. The Board hereby certifies and declares that the total amount of indebtedness of the District, including the amount of this Bond, is within the limit provided by law, that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond have been done and performed in strict conformity with the laws authorizing the issuance of this Bond, that this Bond is in the form prescribed by the Paying Agent Agreement and shall be payable out of the Interest and Sinking Fund of the District, and the money for the payment of the principal of this Bond, premium, if any, and the payment of interest hereon, shall be raised by taxation upon the taxable property of said District. This Bond shall not be entitled to any benefit under the Paying Agent Agreement, or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been signed by the Paying Agent.

Principal Sum. DOLLARS San Diego Unified School District Xxxxxxx Community College District, County of San Diego CountyAlameda, State of California (herein called the “District”), acknowledges itself obligated to and promises to pay cause to be paid to the registered owner identified above or registered assigns, but only from taxes collected by the County of San Diego Alameda (the “County”) for such purpose pursuant to Section 15250 of the Education Code of the State of California, on the maturity date set forth above or upon redemption prior thereto, the principal sum specified above in lawful money of the United States of America, and to pay interest thereon in like lawful money at the interest rate per annum stated above, computed on the basis of a 360-day year of twelve 30-day months, payable [July 1, 2016], and thereafter on January February 1 and July August 1 in each year, commencing August 1, 2020, until payment of said principal sum. If this bond is authenticated and registered on any date on or prior to December the close of business on July 15, 20162020, it shall pay bear interest to the registered owner thereof from the date hereof. If authenticated during the period between any Record Date (defined as the 15th day of the month preceding an interest payment date) and the close of business on its corresponding interest payment date, it shall pay bear interest from such interest payment date. Otherwise, this bond shall pay bear interest to the registered owner hereof from the interest payment date immediately preceding the date of its authentication. The principal hereof is payable to the registered owner hereof upon the surrender hereof at the principal corporate trust office (as that term is defined in place or places designated for the Paying Agent Agreement hereafter described) of Treasurer-Tax Collector of the County (herein, together with any successor thereto, called the “Paying Agent”), purpose by the paying agent/registrar and transfer agent of the DistrictDistrict (herein called the “Paying Agent”), initially U.S. Bank National Association. The interest hereon is payable to the person whose name appears on the bond registration books of the Paying Agent as the registered owner hereof as of the close of business on the Record Date preceding each interest payment date, whether or not such day is a business day, such interest to be paid by check mailed to such registered owner at the owner’s address as it appears on such registration books, or at such other address filed with the Paying Agent for that purpose. Upon written request, given no later than the Record Date immediately preceding an interest payment date, of the owner of Bonds (hereinafter defined) aggregating at least $1,000,000 in principal amount, interest will be paid by wire transfer to an account maintained in the United States as specified by the owner in such request. So long as Cede & Co. or its registered assigns shall be the registered owner of this bond, payment shall be made by wire transfer as provided in the Paying Agent AgreementAgreement hereinafter described. This Bond bond is one of a duly authorized issue of bonds of like tenor (except for such variations, if any, as may be required to designate varying series, numbers, denominations, interest payment modes, interest rates, maturities and redemption provisions), amounting in the aggregate to $ $[2020E Par Amount], and designated as “San Diego Unified School Xxxxxxx Community College District 2016 2020 General Obligation Refunding Bonds (Dedicated Unlimited Ad Valorem Property Tax Bonds), 2006 Election, Series [SR-1/R-5]E” (the “Bonds”), issued for the purpose of refunding portions of a series of outstanding bonds of the District (the “2016 Refunded Bonds”). Such 2016 Refunded The Bonds are part of [an authorization of $2,100,000,000 approved were authorized by a vote of at least 55% of the voters voting at an election duly and legally called, held and conducted in the District on November 4June 6, 2008] [$1.510 billion in bonds of the District authorized by a vote of at least two-thirds of the voters voting at an election duly and legally called, held and conducted in the District on November 3, 1998]2006. The Bonds were authorized by a resolution approved are issued and sold by the Board of Education Trustees of the District (District, pursuant to and in strict conformity with the “Board”) on , 2016 (provisions of the “Resolution”)Constitution and laws of the State of California, and are issued and sold pursuant to a the Paying Agent Agreement, dated as of August [May] 1, 2010, as supplemented and amended, including as supplemented by the Ninth Supplemental Paying Agent Agreement, dated as of May 1, 2016 2020 (collectively, the “Paying Agent Agreement”), by and between the District and the Paying Agent. The Bonds are issued and sold by the District pursuant Reference is hereby made to and in strict conformity with the provisions of the Resolution, the Paying Agent Agreement and any and all amendments thereof for a description of the Constitution and laws of Californiaterms on which the Bonds are issued, specifically under for the authority of Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 rights of the Government Code Owners of the State Bonds, for the provisions for payment of California the Bonds, and for the amendment of the Paying Agent Agreement (with or without consent of the Owners of the Bonds); and all the terms of the Paying Agent Agreement are hereby incorporated herein and constitute a contract between the District and the Registered Owner of this Bond, to refund certain 2016 Refunded Bondsall the provisions of which the Registered Owner of this Bond, by acceptance hereof, agrees and consents. Capitalized undefined terms used herein have the meanings ascribed thereto in the Paying Agent Agreement. The Bonds are issuable as fully registered bonds without coupons in the denomination of $5,000 principal amount or any integral multiple thereof, provided that no Bond shall have principal maturing on more than one principal maturity date. Subject to the limitations and conditions and upon payment of the charges, if any, as provided in the Paying Agent Agreement, Bonds may be exchanged for a like aggregate principal amount of Bonds of the same maturity series, maturity, interest payment mode and interest rate of other authorized denominations. This Bond is transferable by the registered owner hereof, in person or by attorney duly authorized in writing, at said designated corporate trust office of the Paying Agent, but only in the manner, subject to the limitations and upon payment of the charges provided in the Paying Agent Agreement, and upon surrender and cancellation of this Bondbond. Upon such transfer, a new Bond or Bonds of authorized denomination or denominations for the same series, maturity, and interest rate, and same aggregate principal amount will be issued to the transferee in exchange herefor. The District and the Paying Agent may treat the registered owner hereof as the absolute owner hereof for all purposes, and the District and the Paying Agent shall not be affected by any notice to the contrary. [The Bonds are subject to optional and mandatory sinking fund redemption on the dates, at the redemption prices terms and pursuant subject to the terms set forth conditions specified in the Paying Agent Agreement. Notice of redemption of any Bonds or any portions thereof shall be given , and as set forth shown in the Paying Agent Agreementattached Redemption Schedule. If this bond Bond is called for redemption and payment is duly provided therefor, interest shall cease to accrue hereon from and after the date fixed for redemption. .] The Board of Trustees of the District hereby certifies and declares that the total amount of indebtedness of the District, including the amount of this Bondbond, is within the limit provided by law, ; that all acts, conditions and things required by law to be done or performed precedent to and in the issuance of this Bond bond have been done and performed in strict conformity with the laws authorizing the issuance of this Bond, bond; and that this Bond bond is in substantially the form prescribed by order of the Paying Agent Agreement Board of Trustees of the District duly made and shall be entered on its minutes. The Bonds represent an obligation of the District payable out of the Interest interest and Sinking Fund sinking fund of the District, and the money for the payment of the principal redemption of this Bond, and the payment of principal of, premium, if any, and the payment of interest hereon, shall be raised by taxation upon the taxable property of said the District. This Bond bond shall not be entitled to any benefit under the Paying Agent Agreement, or become valid or obligatory for any purpose, until the certificate of authentication and registration hereon endorsed shall have been signed by the Paying Agent.