Item 9 Preliminary Official Statment Dated February 25, 1994

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APPENDIX A DEFINITIONS AND SUMMARY OF PRINCIPAL LEGAL DOCUMENTS The following is a summary of certain provisions of the Assignment Agreement, the Indenture and the Lease which are not described elsewhere in the Official Statement. These summaries do not purport to be comprehensive and reference should be made to the Assignment Agreement, the Indenture and the Lease for a full and complete statement of its provisions. All capitalized terms not defined in the Official Statement have the meanings set forth in the Lease or the Indenture. DEFINITIONS Unless the context otherwise requires, the terms defined under this caption will, for all purposes of the Official Statement, have the meanings herein specified. "Accreted Value" means, with respect to any Capital Appreciation Bond, an amount equal to the principal amount of such Bond, plus interest accrued thereon from its dated date compounded on each January 1 and July 1, commencing January 1, 1995 (through and including the maturity date of such Bond) at the "original issue yield" for such Bond; provided, that the Accreted Value on any date other than January 1 and July 1 shall be calculated by straight line interpolation of the Accreted Values as of the immediately preceding and succeeding January 1 and July 1. The term "original issue yield"means, with respect to any particular Bond, the yield to maturity of such Bond from the initial date of delivery thereof calculated on the basis of semiannual compounding on each January 1 and July 1. "Additional Bonds" means all lease revenue bonds of the Authority authorized by and at any time Outstanding pursuant to the Indenture and executed, issued and delivered in accordance with the Indenture. "Annual Debt Service" means, for any Authority Fiscal Year or Bond Year, the sum of(1) the interest payable on all Outstanding Bonds in such Authority Fiscal Year or Bond Year, assuming that all Outstanding Serial Bonds are retired as scheduled and that all Outstanding Term Bonds are redeemed or paid from sinking fund payments as scheduled (except to the extent that such interest is to be paid from the proceeds of the sale of any Bonds), (2) the principal amount of all Outstanding Serial Bonds maturing by their terms in such Authority Fiscal Year or Bond Year, and (3) the principal amount or Accreted Value of all Outstanding Serial Bonds required to be redeemed or paid in such Authority Fiscal Year or Bond Year (together with the redemption premiums, if any, thereon). "Assignment Agreement" means the Assignment Agreement, dated as of March 1, 1994, between the Authority and the Trustee, as originally executed and as it may from time to time be amended or supplemented. "Authority" means Santa Ma Financing Authority, a joint powers authority duly created and lawfully existing under the Constitution and laws of the State. "Authority Fiscal Year" means the fiscal year of the Authority which, as of the date hereof, is the period from July 1 to and including the following June 30. "Authorized Denominations" means, with respect to Current Interest Bonds, $5,000 and any integral multiple of$5,000 and, with respect to Capital Appreciation Bonds, $5,000 maturity amount, being denominations of initial principal amount, (as set forth in the Indenture for 1994 Bonds) for Capital Appreciation Bonds of the corresponding maturity, or any integral multiple thereof. "Average Annual Debt Service" means the average Annual Debt Service over all Bond Years. A-1