Everett Public Facilities District 8/23/2018

2007 Bonds mean the Everett Public Facilities District Project Revenue Bonds, Series 2007. 2007 Interlocal Agreement means the Interlocal Agreement, dated February 1, 2007, between the City and the District. 2007A LSTIR Bonds means the District's Limited Sales Tax and Interlocal Revenue Bonds, Series 2007A. 2014 Bonds mean the City of Everett, Washington Limited Tax General Obligation Refunding Bonds, 2014. 2014 Interlocal Agreement means the Interlocal Agreement, dated as of October 1, 2014, between the District and the City. 2014 PFD Refunding Bonds mean the portion of the 2014 Bonds that is allocable to the refunding of the 2007 Bonds (including ratable costs of issuance). 2014 Refunding Ordinance means Ordinance No. 3405-14 of the City Council, approved on October 8, 2014. 2015 Scoreboard Interlocal Agreement means the Interlocal Agreement XFINITY Arena Scoreboard Loan, between the City and the District. 2018 Bonds mean the District's Limited General Obligation Refunding Bonds, Series 2018A and Series 2018B. 2018 Bond Account means the account of that name created by the District pursuant to the District's 2018 Bond Resolution and funded also in accordance with the terms of Section 3.01 of this Agreement. 2018 Bond Loan Repayments means each District obligation to repay a 2018 Bond Payment Loan. 2018 Bond Payment Loan means each advance made by the City to the District pursuant to Section 2.02(e) of this Agreement. 2018 Bond Reserve Requirement means the dollar amount equal to the least of: (a) maximum annual debt service for the 2018 Bonds, (b) 10% of the initial principal amount of the 2018 Bonds of each series, and (c) 125%of average annual debt service for the 2018 Bonds. The 2018 Bond Reserve Requirement shall be adjusted accordingly and remain in effect until a payment of principal of 2018 Bonds when the 2018 Bond Reserve Requirement may, at the option of the District, be re-calculated). -7- 501534419 v3