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thereof maturing or scheduled for redemption in such period, and the interest payable during <br />such period; <br />(b) with respect to any outstanding Fixed Rate Bonds, an amount equal to (1) the <br />principal amount of such Fixed Rate Bonds due or subject to mandatory redemption during such <br />period and for which no sinking fund installments have been established, (2) the amount of any <br />payments required to be made during such period into any sinking fund established for the <br />payment of any such Fixed Rate Bonds, plus (3) all interest payable during such period on any <br />such outstanding Fixed Rate Bonds and with respect to Fixed Rate Bonds with mandatory <br />sinking fund requirements, calculated on the assumption that mandatory sinking fund <br />installments will be applied to the redemption or retirement of such Fixed Rate Bonds on the date <br />specified in the ordinance authorizing such Fixed Rate Bonds; and <br />(c) with respect to all other series of Parity Bonds, other than Fixed Rate Bonds, <br />Original Issue Discount Bonds or Capital Appreciation Bonds, specifically including but not <br />limited to Balloon Maturity Bonds and Parity Bonds bearing variable rates of interest, an amount <br />for any period equal to the amount which would have been payable for principal and interest on <br />such Parity Bonds during such period computed on the assumption that the amount of Parity <br />Bonds as of the date of such computation would be amortized (i) in accordance with the <br />mandatory redemption provisions, if any, set forth in the ordinance authorizing the issuance of <br />such Parity Bonds, or if mandatory redemption provisions are not provided, during a period <br />commencing on the date of computation and ending on the date 30 years after the date of <br />issuance (ii) at an interest rate for the Base Period determined as follows: (A) if the Variable <br />Rate Bonds have been outstanding for at least twelve (12) months, assume that the Parity Bonds <br />bear interest at the higher of the actual rate borne by the Parity Bonds on the date of calculation <br />-7- <br />506242089.1 <br />