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<br />. <br /> <br />. <br /> <br />. <br /> <br />... <br /> <br />"Initial Reset Date" means December 15, 1990. <br /> <br />"Interest Payment Date" means June 15 and December 15 <br />of each year, commencing June 15, 1986. <br /> <br />"Law" means the Community Redevelopment Law of the <br />State of California, as cited in the recitals hereof. <br /> <br />"Maximum Annual Debt Service" means the largest of the <br />sums obtained for any Bond Year after the computation is made, <br />by totalling the following for each such Bond Year: <br /> <br />(1) The principal amount of all Serial Bonds and <br />Serial Parity Bonds, if any, payable in such Bond Year; and <br /> <br />(2) The amount of Minimum Sinking Account Payments, <br />if any, for Term Bonds, Special Term Bonds and Term Parity <br />Bonds to be made in such Bond Year in accordance with the <br />applicable schedule or schedules of Minimum Sinking Account <br />Payments; and <br /> <br />(3) The interest which would be due during such Bond <br />Year on the aggregate principal amount of Bonds and Parity <br />Bonds which would be outstanding in such Bond Year if the <br />Bonds and Parity Bonds outstanding on the date of such <br />computation were to mature or be redeemed in accordance <br />with the schedule or schedules of Minimum Sinking Account <br />Payments for the Bonds. At the time and for the purpose of <br />making such computation, the interest on the principal <br />amount of Bonds and Parity Bonds already retired in advance <br />of the date of establishment of the above-mentioned <br />schedules or for which redemption has been provided <br />pursuant to Section 11 hereof shall be deducted pro rata <br />from the interest on the remaining principal amounts of <br />Bonds. <br /> <br />"Minimum Sinking Account Payments" means the amount of <br />money to be deposited into the Principal Account to be used to <br />redeem Term Bonds or Special Term Bonds, at the principal <br />amounts thereof plus interest accrued to the redemption date, <br />in the amounts and at the times set forth in the schedule or <br />schedules of Minimum Sinking Account Payments contained in <br />Section lIA(3) hereof. <br /> <br />"Opinion of Counsel" means a written opinion of an <br />attorney or firm of attorneys of favorable reputation in the <br />field of municipal bond law. Any opinion of such counsel may <br />be based upon, insofar as it is related to factual matters, <br />information which is in the possession of the Agency as shown <br />by a certificate or opinion of, or representation by, an <br />officer or officers of the Agency, unless such counsel knows, <br />or in the exercise of reasonable care should have known, that <br /> <br />12-02-85 <br />9559p/2281/0l <br /> <br />-4- <br />