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• <br /> (a) Yield on Issue Generally. The Yield on the Issue is <br /> the actual Yield on the Issue during the Computation Period. <br /> (b) Yield on Variable Rate Issue . If the Issue bears <br /> interest at a variable rate, the Yield is the actual Yield on <br /> the Issue during the Computation Period calculated based upon <br /> the weighted average interest rate for the Issue during the <br /> Computation Period. <br /> (c) Segregation of Gross Proceeds of Bonds Subject to <br /> Arbitrage Rebate Requirements . To the extent permitted by <br /> applicable State law, the City shall segregate into a separate <br /> fund or funds the respective Gross Proceeds of each Issue of <br /> Bonds that is subject to Arbitrage Rebate Requirements so that <br /> amounts earned on Nonpurpose Investments acquired with Gross <br /> Proceeds of each such Issue may be separately determined . For <br /> this purpose, if Gross Proceeds of an Issue are held in a single <br /> debt service reserve fund, guaranty fund or similar fund that <br /> serves as security for two or more Issues of Bonds , that fund <br /> shall be treated as a separate reserve fund for each Issue, with <br /> an amount allocated therein to each Issue in proportion to the <br /> original face amount of each Issue secured by that fund, and <br /> reallocated as of the Date of Issue of each subsequent Issue of <br /> Bonds secured by that fund . <br /> (d) Amount Earned on Nonpurpose Investments . The aggre- <br /> gate amount earned on Nonpurpose Investments acquired with Gross <br /> Proceeds of the Issue shall include all income realized under <br /> federal income tax accounting principles , including gain or loss <br /> - 7 - <br />