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. . . - amount held by the Fiscal Agent in the Escrow Fund and Debt Service Reserve Account) and an amount equal to 191 days' interest on the Bonds calculated at the rate of interest stated in the Initial Letter of Credit. "Initial Reset Date" means December 15, 1990. "Interest Payment Date" means June 15 and December 15 of each year, commencing June 15, 1986. "Law" means the Community Redevelopment Law of the State of California, as cited in the recitals hereof. "Maximum Annual Debt Service" means the largest of the sums obtained for any Bond Year after the computation is made, by totalling the following for each such Bond Year: (1) The principal amount of all Serial Bonds and Serial Parity Bonds, if any, payable in such Bond Year; and (2) The amount of Minimum Sinking Account Payments, if any, for Term Bonds, Special Term Bonds and Term Parity Bonds to be made in such Bond Year in accordance with the applicable schedule or schedules of Minimum Sinking Account Payments; and (3) The interest which would be due during such Bond Year on the aggregate principal amount of Bonds and Parity Bonds which would be outstanding in such Bond Year if the Bonds and Parity Bonds outstanding on the date of such computation were to mature or be redeemed in accordance with the schedule or schedules of Minimum Sinking Account Payments for the Bonds. At the time and for the purpose of making such computation, the interest on the principal amount of Bonds and Parity Bonds already retired in advance of the date of establishment of the above-mentioned schedules or for which redemption has been provided pursuant to Section 11 hereof shall be deducted pro rata from the interest on the remaining principal amounts of Bonds. "Minimum Sinking Account Payments" means the amount of money to be deposited into the Principal Account to be used to redeem Term Bonds or Special Term Bonds, at the principal amounts thereof plus interest accrued to the redemption date, in the amounts and at the times set forth in the schedule or schedules of Minimum Sinking Account Payments contained in Section llA(3) hereof. "Opinion of Counsel" means a written opinion of an attorney or firm of attorneys of favorable reputation in the field of municipal bond law. Any opinion of such counsel may be based upon, insofar as it is related to factual matters, information which is in the possession of the Agency as shown 12-02-85 9563p/228l/01 -4-