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Principal
<br /> Balance
<br /> Date of Original Bond Holder/Program (December 31,
<br /> Issue Amount Lender 2010)
<br /> PWTF Water
<br /> 07/01/1991 $2,500,000 Transmission Line $ 132,310
<br /> PWTF Water
<br /> 07/01/1993 3,150,000 Transmission Line 511,190
<br /> PWTF Water
<br /> 06/06/1994 3,500,000 Transmission Line 740,936
<br /> PWTF Water
<br /> 08/02/1995 459,270 Transmission Line 139,086
<br /> PWTF Sewer Basement
<br /> 07/01/2001 1,881,000 Flooding Reduction 1,089,000
<br /> PWTF Water
<br /> 07/01/2001 4,369,454 Transmission Line 2,458,363
<br /> PWTF Cross-Town
<br /> 05/13/2003 5,215,500 Effluent Pipeline 3,766,750
<br /> PWTF Water
<br /> 11/17/2003 841,671 Transmission Lines#2-3 583,878
<br /> PWTF Treatment Plant
<br /> 04/25/2005 10,000,000 Upgrade 7,916,667
<br /> PWTF Comprehensive
<br /> 10/04/2005 100,000 Water Plan 20,500
<br /> PWTF Water Pollution
<br /> 06/25/2006 7,000,000 Facility Expansion 5,894,737
<br /> Qualified Insurer, prior to the New Covenant Date, means an insurance
<br /> company licensed to conduct business in any state of the United States or a
<br /> service corporation acting on behalf of one or more such insurance companies,
<br /> which insurance company or service corporation is rated either Aaa by Moody's,
<br /> or AAA by S&P and from and after the New Covenant Date, means any non-
<br /> cancelable municipal bond insurance policy or surety bond issued by any
<br /> insurance company licensed to conduct an insurance business in any state of the
<br /> United States (or by a service corporation acting on behalf of one or more such
<br /> insurance companies) which insurance company or companies, as of the time of
<br /> issuance of such policy or surety bond, are currently rated in one of the two
<br /> highest Rating Categories by any Rating Agency.
<br /> Qualified Letter of Credit means any irrevocable letter of credit issued by
<br /> a financial institution for the account of the City on behalf of registered owners of
<br /> Parity Bonds, which institution maintains an office, agency or branch in the
<br /> United States and as of the time of issuance of such letter of credit, is currently
<br /> rated in one of the two highest Rating Categories by any Rating Agency.
<br /> Rate Covenant, from and after the New Covenant Date, means Net
<br /> Revenue in each fiscal year at least equal to 125% of the amounts required in such
<br /> fiscal year to be paid as scheduled debt service (principal and interest) on all
<br /> Parity Bonds, subtracting from scheduled debt service the amount of ULID
<br /> Assessments collected in such year. Furthermore, in determining compliance
<br /> with the Rate Covenant, Net Revenues are subject to adjustment to reflect the
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