Common use of Terms of Bonds Clause in Contracts

Terms of Bonds. (a) The 2015D Bonds shall be issued in the form of fully registered Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing _ 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding Record Date, in which event it shall bear interest from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the dated date thereof, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has been paid in full. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the payment shall be made by wire transfer of immediately available funds to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any Interest Payment Date. (f) The principal and premium, if any, of the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity at the Office of the Paying Agent. (g) The Bonds shall not be subject to redemption prior to their stated maturity dates. (h) The Bonds shall be in substantially the form set forth in Exhibit A hereto, with appropriate or necessary insertions, omissions and variations as permitted or required hereby.

Terms of Bonds. (a) The 2015D Bonds shall be designated “Anaheim Public Financing Authority Lease Revenue Bonds (Convention Center Refunding), Series 2021A (Federally Taxable).” The aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture shall not exceed $ , except as may be otherwise provided in Section 2.08 hereof. The Bonds shall be issued in the form of fully registered Bonds form without coupons in Authorized Denominations, so long as no Bond shall have more than one maturity date. The Bonds shall be dated as of the date Closing Date, shall be issued in the aggregate principal amount of issuance thereof$ , shall mature on July 1 in the years and in the Principal Amounts and of each year, shall bear interest at the rates per annum (calculated on the basis of a 360-day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing _ 1, 2016, at and shall be in the rates per annum principal amounts as follows: Maturity Date (July 1) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding Record Date, in which event it interest thereon shall bear interest be payable from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the dated date thereofClosing Date, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has previously been paid in fullor duly provided for. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent Trustee mailed by first first-class mail, postage prepaid, on each Interest Payment Date to the Owners of the Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the payment shall be made or by wire transfer at the written request of immediately available funds to any an Owner of at least not less than $1,000,000 aggregate principal amount of outstanding Bonds who shall have requested in writing such method of payment of interest Bonds, which written request is received by the Trustee on or prior to the Record Date. Notwithstanding the foregoing, interest on any Bond that is not punctually paid or duly provided for on any Interest Payment Date shall, if and to the extent that amounts subsequently become available therefor, be paid on a payment date established by the Trustee to the Person in whose name the ownership of such Bond is registered on the Registration Books at the close of business on a special record date to be established by the Record Date immediately preceding any Interest Payment DateTrustee for the payment of such defaulted interest, notice of which shall be given to such Owner not less than ten days prior to such special record date. (fc) The principal of and premium, if any, of on the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity or earlier redemption at the Office of the Paying AgentTrustee. (g) The Bonds shall not be subject to redemption prior to their stated maturity dates. (hd) The Bonds shall be in substantially the form set forth in Exhibit A B hereto, with appropriate or necessary insertions, omissions and variations as permitted or required hereby.

Terms of Bonds. (a) The 2015D Bonds shall be issued in substantially the form set forth in Exhibit A hereto with necessary or appropriate variations, omissions and insertions as permitted or required by this Indenture, including any Supplemental Indenture. The Bonds shall be issuable only as fully registered Bonds, without coupons, in the form of fully registered a single Bond for each series of the Bonds in Authorized Denominationsthe principal amount equal to the aggregate of the purchase price of the respective series of the Bonds advanced from time to time by the owner(s) of the Bonds (which principal amounts shall be, on the Closing Date, an amount equal to the Initial Disbursement). The Bonds shall be dated the date of issuance thereof, Closing Date and shall be subject to redemption prior to maturity as provided in Article IV. The Series A-1 Bonds shall mature on July 1 in 1, , and the years and in the Principal Amounts and Series A-2 Bonds shall bear interest (calculated mature on 1, . Interest shall be paid on the basis Outstanding principal amount of a 360-day year comprised the Series A-1 Bonds, from the Closing Date until the maturity date of twelve 30-day months) payable the Series A-1 Bonds, on each Interest Payment Date, commencing _ 1, 2016Date occurring during such period, at the rates rate of interest per annum payable on Note A-1 during such period, calculated on such basis as follows: Maturity Date (July 1) Principal Amount is provided in Note A-1. Interest Rate (b) The 2015E Bonds shall be issued in paid on the form Outstanding principal amount of fully registered 2015E Bonds in Authorized Denominationsthe Series A-2 Bonds, shall be dated from the Closing Date until the maturity date of issuance thereofthe Series A-2 Bonds, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016Date occurring during such period, at the rates rate of interest per annum payable on Note A-2 during such period, calculated on such basis as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued is provided in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and Note A-2. Each Bond shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated from the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear to which interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest has been paid on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof its authentication, unless (i) a Bond it is authenticated on or before as of an Interest Payment Date and after the close of business on the preceding Record Datefor which interest has been paid, in which event it shall bear interest from such Interest Payment Date, (ii) a Bond or unless it is authenticated on or before the first Record Interest Payment Date, in which event it shall bear interest thereon shall be payable from the dated date thereof, Closing Date. The payment or (iii) prepayment of principal of and interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has been paid in full. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the payment shall be made by wire transfer of immediately available funds to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any Interest Payment Date. (f) The principal and or premium, if any, of on the Series A-1 Bonds shall be payable identical with and shall be made on the same terms and conditions as the principal of and interest or premium, if any, on Note A-1, as determined in lawful money accordance with the Loan Agreement. Any payment or prepayment made by the Borrower of principal and interest or premium, if any, on Note A-1 shall be deemed to be like payments or prepayments of principal and interest or premium, if any, on the United States Series A-1 Bonds. The payment or prepayment of America upon presentation principal of and surrender thereof upon maturity at interest or premium, if any, on the Office of the Paying Agent. (g) The Bonds shall not be subject to redemption prior to their stated maturity dates. (h) The Series A-2 Bonds shall be identical with and shall be made on the same terms and conditions as the principal of and interest or premium, if any, on Note A-2, as determined in substantially accordance with the form set forth Loan Agreement. Any payment or prepayment made by the Borrower of principal and interest or premium, if any, on Note A-2 shall be deemed to be like payments or prepayments of principal and interest or premium, if any, on the Series A-2 Bonds. Payments or prepayments actually made by the Borrower to the Bondowner Representative shall be deemed to have been constructively received by the Holder as payments or prepayments on the Bonds on the date of receipt of such payments by the Bondowner Representative, and interest with respect to each principal payment or prepayment shall cease to accrue upon receipt of such payment by the Bondowner Representative. Payments or prepayments of principal, interest or premium, if any, shall be remitted immediately by the Bondowner Representative to the Holder. The Issuer hereby acknowledges that the Borrower is obligated to pay late fees, loan related fees and other charges (including, without limitation, late charges, default interest and prepayment penalties) under the Notes (and as otherwise provided in Exhibit A heretothe Loan Agreement and the Disbursement Agreement) to the Bondowner Representative, with appropriate or necessary insertions, omissions which amounts are paid for the benefit of the Bondowner Representative and variations as permitted or required herebyshall be retained by the Bondowner Representative for its own account.

Terms of Bonds. (a) The 2015D Bonds shall be issued in the form of fully registered Bonds in Authorized Denominations, shall be dated the date of issuance thereofClosing Date, shall mature on July 1 in the years dates and in the Principal Amounts and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) payable on each Interest Payment Dateamounts, commencing _ 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum rates, as follows: Maturity Date (July November 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Rate Per Annum Maturity Date (July November 1) Principal Amount Interest Rate (d) Rate Per Annum * Insured Bonds The 2015G Bonds shall be issued delivered in fully registered form, numbered from one upwards in consecutive numerical order (with such alphabetical prefix as the Trustee shall determine). The Bonds shall be executed and delivered in the form denominations of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance $5,000 and any integral multiple thereof, shall mature on July 1 in the years and in the Principal Amounts and . Each Bond shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof thereof, unless (i) a Bond it is authenticated on or before during the period from the day after the Record Date for an Interest Payment Date to and after the close of business on the preceding Record including such Interest Payment Date, in which event it shall bear interest from such Interest Payment Date, or (ii) a Bond it is authenticated on or before prior to the Record Date for the first Record Interest Payment Date, in which event it shall bear interest thereon shall be payable from its dated date; provided, however, that if, at the dated date thereoftime of registration of any Bond, or (iii) interest on any with respect to such Bond is in default as of the date of authentication thereofdefault, in which event such Bond shall bear interest thereon shall be payable from the date Interest Payment Date to which interest has been paid in fullor made available for payment with respect to such Bond. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the payment shall be made by wire transfer of immediately available funds with respect to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any Interest Payment Date. (f) The principal and premium, if any, of the Bonds Bond shall be payable in lawful money of the United States of America upon presentation and surrender on each Interest Payment Date to the Owner thereof upon maturity at the Office as of the Paying Agent. (g) The Bonds shall not be subject close of business on the Record Date. Subject to redemption prior to their stated maturity dates. (h) The Section 2.11, interest on the Bonds shall be paid by check or draft of the Trustee, mailed by first class mail no later than the Interest Payment Date to the Owner at such Owner’s address as it appears, on such Record Date, on the Registration Books maintained by the Trustee; provided, however, that at the written request of the Owner of at least $1,000,000 in substantially aggregate principal amount of Outstanding Bonds filed with the form set forth Trustee prior to any Record Date, interest on such Bonds shall be paid to such Owner on each succeeding Interest Payment Date (unless such request has been revoked in Exhibit A heretowriting) by wire transfer of immediately available funds to an account in the United States designated in such written request. Payments of defaulted interest with respect to the Bonds shall be paid by check or draft to the Owners as of a special record date to be fixed by the Trustee, with appropriate or necessary insertionsnotice of which special record date shall be given to the Owners of the Bonds not less than ten days prior thereto. The principal of and premium, omissions and variations as permitted or required herebyif any, on the Bonds are payable by check when due upon surrender thereof at the Trust Office in lawful money of the United States of America.

Terms of Bonds. (a) The 2015D Bonds shall be issued in the form of fully registered Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years Principal and in the Principal Amounts and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing _ 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding Record Date, in which event it shall bear interest from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the dated date thereof, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has been paid in full. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the payment shall be made by wire transfer of immediately available funds to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any Interest Payment Date. (f) The principal and premium, if any, Redemption Price of the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity at the Office principal corporate trust operations office of the Trustee, or at the principal office of any Paying Agent, or otherwise as provided in a Supplemental Indenture with respect to any Series of Bonds. Unless otherwise provided in a Supplemental Indenture with respect to a Series of Bonds, payment of interest on any Bond shall be made to the person who is the registered owner thereof as of the close of business on the Record Date and shall be paid by check mailed to the registered owner thereof at the address of such registered owner as it appears on the registration books of the City maintained by the Trustee or at such other address as is furnished to the Trustee in writing by such registered owner prior to the Record Date. (gb) The Unless otherwise provided in a Supplemental Indenture authorizing a Series of Bonds, the Bonds of any Series shall be issued in fully registered form without coupons. Each Series of Bonds shall not be subject in such denominations as may be authorized by the Supplemental Indenture authorizing the issuance of the Bonds of such Series. A Supplemental Indenture may provide for the delivery of a Series of Bonds, issued in the form of a single fully registered Bond, in installments to redemption prior be noted by the Trustee in a delivery schedule attached to their stated maturity datessuch Bond. Anything in this Indenture to the contrary notwithstanding, a Supplemental Indenture may provide that Bonds issued in such single fully registered form may be submitted to the Trustee for notation of payment of installments and for notation of transfer, without requiring cancellation of such single fully registered Bond. Such Supplemental Indenture may provide for transfer of such Bonds to a new Holder by delivery after such notation, and without cancellation. (hc) The Bonds shall be dated as of the Issue Date specified in substantially the form set forth Supplemental Indenture pursuant to which the Series of Bonds is issued. Unless otherwise provided in Exhibit A heretoa Supplemental Indenture authorizing a Series of Bonds, each fully-registered Bond of any Series shall bear interest from the interest payment date next preceding the date of registration and authentication thereof unless it is registered as of an interest payment date, in which event it shall bear interest from the date thereof, or unless it is registered prior to the first interest payment date, in which event it shall bear interest from its date, or unless, as shown by the records of the Trustee, interest on the Bonds of such Series shall be in default, in which event it shall bear interest from the date to which interest has been paid in full. (d) The Bonds of each Series may contain or have endorsed thereon such provisions, specifications and descriptive words not inconsistent with appropriate the provisions of the Indenture as may be necessary or necessary insertionsdesirable to comply with the Act, omissions custom, the rules of any securities exchange or commission or brokerage board, or otherwise, as may be determined by the City prior to the authentication and variations delivery thereof. (e) From and after the issuance of the Bonds of any Series, the findings and determinations of the Council respecting that Series shall be conclusive evidence of the existence of the facts so found and determined in any action or proceeding in any court in which the validity of such Bonds is at issue, and no bona fide purchaser of any such Bonds shall be required to see to the existence of any fact or to the performance of any condition or to the taking of any proceeding required prior to such issuance, or to the application of the purchase price paid for such Bonds. The validity of the issuance of any Series of Bonds shall not be dependent on or affected in any way by (1) any proceedings taken by the City for the planning, acquisition or construction of a Project, or (2) any contracts made by the City in connection therewith, or (3) the failure to complete the planning, acquisition or construction of a Project. The recital contained in the Bonds that the same are issued pursuant to the Act shall be conclusive evidence of their validity and of the regularity of their issuance and all the Bonds shall be incontestable from and after their issuance. Bonds shall be deemed to be issued, within the meaning of the Indenture, whenever the definitive Bonds, or any temporary Bonds exchangeable therefor, have been delivered to the purchasers thereof, and the purchase price thereof received, or in the case of Bonds to be refunded through exchange, whenever such exchange has been made. (f) Subject to any limitations contained in a Supplemental Indenture, the City may provide a Security Instrument for any Series of Bonds (or may substitute one Security Instrument for another) if the City has provided to the Trustee written evidence satisfactory to the Trustee from each Rating Agency then having a rating in effect for any Series of Bonds then Outstanding to the effect that the Rating Agency has reviewed the proposed Security Instrument and that the use of such Security Instrument (or the substitution of one Security Instrument for another, as permitted appropriate) will not, by itself result in a reduction or required herebywithdrawal of such Rating Agency’s rating of such Series of Bonds.

Terms of Bonds. (a) The 2015D Bonds shall be dated as of the Closing Date, and shall be issued in the form of fully registered form without coupons in the denomination of $5,000 or any integral multiple thereof. The Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) at the rate per annum as follows: Interest on the Bonds (including the final interest payment upon maturity or earlier redemption) shall be payable on each Interest Payment Date, commencing _ 1, 2016, at Date to the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated person whose name appears on the basis Registration Books as the Owner thereof as of a 360- day year comprised of twelve 30-day months) payable on the Record Date immediately preceding each such Interest Payment Date, commencing 1such interest to be paid by check of the Trustee mailed by first class mail, 2016postage prepaid, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1to such Owner at the address of such Owner as it appears on the Registration Books as of such Record Date; provided however, 2016that payment of interest may be by wire transfer to an account in the United States of America to any registered owner of Bonds in the aggregate principal amount of $1,000,000 or more who shall furnish written wire instructions to the Trustee prior to the applicable Record Date. Principal of and redemption premium (if any) on any Bond shall be paid upon presentation and surrender thereof, at maturity, at the rates per annum as follows: Maturity Date Principal Corporate Trust Office of the Trustee. Both the principal of and interest and premium (July 1if any) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to in lawful money of the Owner thereof United States of America. Each Bond shall bear interest from the Interest Payment Date next preceding the date of authentication thereof thereof, unless (ia) a Bond it is authenticated after a Record Date and on or before an the following Interest Payment Date and after the close of business on the preceding Record Date, in which event it shall bear interest from such Interest Payment Date, ; or (iib) a Bond is authenticated on or before the first Record Date, in which event it shall bear interest thereon shall be payable from the dated date thereofClosing Date; provided, or (iii) interest on any Bond is in default however, that if, as of the date of authentication thereofof any Bond, in which event interest thereon is in default, such Bond shall be payable bear interest from the date Interest Payment Date to which interest has previously been paid in full. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that the or made available for payment shall be made by wire transfer of immediately available funds to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any Interest Payment Datethereon. (f) The principal and premium, if any, of the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity at the Office of the Paying Agent. (g) The Bonds shall not be subject to redemption prior to their stated maturity dates. (h) The Bonds shall be in substantially the form set forth in Exhibit A hereto, with appropriate or necessary insertions, omissions and variations as permitted or required hereby.

Terms of Bonds. (a) The 2015D Bonds shall be issued in the form dated as of fully registered Bonds in Authorized Denominations[June] 1, shall be dated the date of issuance thereof2019, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest at the Pass-Through Rate in the amounts as accrued and for the periods interest is paid (except as described below in connection with a redemption of Bonds under Section 3.01(c)) pursuant to the terms of the Pass-Through Certificate, payable on each Payment Date, and shall mature (subject to prior redemption as herein set forth) on the Maturity Date. Interest shall be calculated on the basis of Actual/360. The payment of interest on a 360-day year comprised Payment Date is the interest accrued during the preceding calendar month. There shall be no further accrual of twelve 30-day months) interest on the Bonds during the period from the Maturity Date to the Final Payment Date. Notwithstanding anything herein to the contrary, on and after the Purchase Date, the principal, interest and premium, if any, payable on each Interest Payment Datethe Bonds will be calculated, commencing _ 1, 2016except with respect to interest payable on the Bonds if redeemed pursuant to Section 3.01(c) hereof, at the rates per annum same rate and for the same periods as follows: Maturity Date interest, principal and premium, if any, payable on the Pass-Through Certificate, and will be paid, except with respect to interest payable on the Bonds if redeemed pursuant to Section 3.01(c) hereof (July 1) Principal Amount Interest Ratewhich will be paid on the Mandatory Redemption Date), one Business Day following receipt by the Trustee pursuant to the Pass-Through Certificate. (b) The 2015E Bonds shall be issued as registered bonds without coupons in the form denominations of fully registered 2015E $1,000.00 or any integral multiples of $1.00 in excess thereof. The Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts lettered “R” and shall bear interest (calculated on be numbered separately from “1” consecutively upwards except for the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum Initial Bond which shall be numbered I-1. The Bonds shall be issued initially as follows: Maturity Date (July 1) Principal Amount Interest RateBook Entry Bonds. (c) Payment of the principal of and interest or premium, if any, on any Bond shall be made on each Payment Date to the person appearing on the Bond Register as the registered owner thereof as of the applicable Record Date at the Pass-Through Rate. The 2015F principal of and the interest on the Bonds shall be issued payable in coin or currency of the form United States of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, America which at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G time of payment is legal tender for the payment of public and private debts of the United States of America. Unless the Bonds shall be issued in are Book Entry Bonds, the form principal of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner registered owners thereof from upon presentation (except in connection with a redemption of Bonds pursuant to Section 3.01(b) hereof) at the Interest Payment Date next preceding designated corporate trust office of the date Trustee or its successors. Unless the Bonds are Book Entry Bonds, payments of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business interest on the preceding Record Date, in which event it shall bear interest from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the dated date thereof, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has been paid in full. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership Bonds and redemption of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest pursuant to Section 3.01(b) hereof shall be paid by check of the Paying Agent mailed by first class mail, postage prepaid, on each Interest Payment Date to the Owners of Bonds registered owner thereof at their respective addresses shown such owner’s address as it appears on the Registration Books as of registration books maintained by the close of business Trustee on the preceding applicable Record DateDate or at such other address as is furnished to the Trustee in writing by such owner. The Trustee shall cause CUSIP number identification with appropriate dollar amounts for each CUSIP number to accompany all payments of interest, except that the principal or Redemption Price made to such owners, whether such payment is made by check or wire transfer. All payments of principal of and interest on Book Entry Bonds shall be made by wire transfer of immediately available funds and given at the times and in the manner set out in the Representation Letter, as more fully specified in Sections 2.11 and 2.12 hereof. (d) The Bonds shall be subject to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest redemption prior to maturity as provided in Article III. (e) The date of authentication of each Bond shall be the close of business on the Record Date immediately preceding any Interest Payment Datedate such Bond is registered. (f) The principal Initial Bond, which shall be numbered I-1 and premiumpayable to Cede & Co as Nominee for the Depository and registered by the Comptroller, if anyshall be identical to the form of Bond attached as Exhibit A, except that the second-to-last paragraph of the Bonds Initial Bond shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity at the Office of the Paying Agent. (g) The Bonds read as follows: “This Bond shall not be subject valid or become obligatory for any purpose or be entitled to redemption prior any benefit or security under the Indenture unless the Comptroller’s Registration Certificate hereon has been executed by an authorized representative of the Texas Comptroller of Public Accounts by manual signature.” In lieu of the authentication certificate of the Trustee, the Initial Bond shall contain the following certificate: OFFICE OF THE COMPTROLLER § OF PUBLIC ACCOUNTS § REGISTER NO. THE STATE OF TEXAS § I HEREBY CERTIFY that this Bond has been examined, certified as to their stated maturity dates. validity and approved by the Attorney General of the State of Texas, and duly registered by the Texas Comptroller of Public Accounts. Witness my signature and seal of office this . Comptroller of Public Accounts of the State of Texas (h) SEAL)” The Bonds shall be in substantially the form set forth in provisions of Exhibit A hereto, with appropriate may be rearranged or necessary insertions, omissions and variations as permitted or required herebyre-ordered for purposes of the Initial Bond.

Terms of Bonds. (a) The 2015D Bonds shall be designated “County of Orange Reassessment Xxxxxxxx Xx. 00- 0X (Xxxxxxx Xxxxx Xxxxx IV) Limited Obligation Improvement Refunding Bonds,” and shall be secured by and payable from the Reassessments and other assets pledged hereunder. The aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture shall not exceed $ , except as may be otherwise provided in Section 2.07. (b) The Bonds shall be issued in the form of fully registered form without coupons in denominations of $5,000 or any integral multiple thereof. No Bond shall have more than one maturity date. The Bonds in Authorized Denominationsshall be dated as of the Dated Date, shall be dated issued in the date aggregate principal amount of issuance thereof$ , shall mature on July 1 in the years and in the Principal Amounts September 2 of each year and shall bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing _ 1, 2016, at the rates per annum as followsset forth below: Maturity Date Year (July 1September 2) Principal Amount Interest Rate (b) The 2015E Bonds shall be issued in the form of fully registered 2015E Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (c) The 2015F Bonds shall be issued in the form of fully registered 2015F Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (d) The 2015G Bonds shall be issued in the form of fully registered 2015G Bonds in Authorized Denominations, shall be dated the date of issuance thereof, shall mature on July 1 in the years and in the Principal Amounts and shall bear interest (calculated on the basis of a 360- day year comprised of twelve 30-day months) payable on each Interest Payment Date, commencing 1, 2016, at the rates per annum as follows: Maturity Date (July 1) Principal Amount Interest Rate (e) Interest on the Bonds shall be payable to the Owner thereof from the Interest Payment Date next preceding the date of authentication thereof unless (i) a Bond is authenticated on or before an Interest Payment Date and after the close of business on the preceding Record Date, in which event it shall bear interest from such Interest Payment Date, (ii) a Bond is authenticated on or before the first Record Date, in which event interest thereon shall be payable from the dated date thereofDated Date, or (iii) interest on any Bond is in default as of the date of authentication thereof, in which event interest thereon shall be payable from the date to which interest has been paid in full, payable on each Interest Payment Date. Interest shall be paid in lawful money of the United States on each Interest Payment Date to the Persons in whose names the ownership of the Bonds is registered on the Registration Books at the close of business on the immediately preceding Record Date, except as provided below. Interest on any Bond which is not punctually paid or duly provided for on any Interest Payment Date shall be payable to the Person in whose name the ownership of such Bond is registered on the Registration Books at the close of business on a special Record Date to be established by the Trustee for the payment of such defaulted interest to be fixed by the Trustee, notice of which shall be given to such Owner not less than ten days prior to such special Record Date. Interest shall be paid by check of the Paying Agent Trustee mailed by first class mail, postage prepaid, on each Interest Payment Date to the Bond Owners of Bonds at their respective addresses shown on the Registration Books as of the close of business on the preceding Record Date, except that in the case of an Owner of $1,000,000 or more in aggregate principal amount of Bonds, upon the written request of such Owner to the Trustee, received at least ten days prior to a Record Date, specifying the account or accounts to which such payment shall be made, payment of interest shall be made by wire transfer of immediately available funds to any Owner of at least $1,000,000 of outstanding Bonds who shall have requested in writing such method of payment of interest prior to the close of business on the Record Date immediately preceding any following Interest Payment Date. (fd) The principal of and premium, if any, of on the Bonds shall be payable in lawful money of the United States of America upon presentation and surrender thereof upon maturity or earlier redemption at the Office of the Paying AgentTrustee. Payment of principal of and premium, if any, on any Bond shall be made only upon presentation and surrender of such Bond at the Office of the Trustee. (ge) The Bonds shall not be subject to redemption prior to their stated maturity datesas provided in Article IV. (hf) The Bonds shall be in substantially the form set forth in Exhibit A hereto, with appropriate or necessary insertions, omissions and variations as permitted or required hereby.