Certificates of Participation Clause Samples

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Fourth Amended and Restated Lease Schedule are identified as (i) Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A) (the "Series 2011A Certificates"), (ii) the Outstanding Series 2001A Certificates, and (iii) the Outstanding Series 2003A Certificates, each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease- Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Outstanding Series 2001A Certificates and Outstanding Series 2003A Certificates is Assured Guaranty Municipal Corp. (formerly known as Financial Security Assurance Inc.) ("AGM"). The Credit Enhancer for the Series 2011A Certificates shall be . (c) The Reserve Requirement for the Outstanding Series 2011A Certificates, the Outstanding Series 2003A Certificates and the Series 2011A Certificates shall be zero dollars ($0.00). (d) [The Optional Prepayment Date for the Outstanding Series 2001A Certificates and Outstanding Series 2003A Certificates is July 1, 2011 / The Outstanding Series 2001A Certificates and the Outstanding Series 2003A Certificates are not subject to optional prepayment prior to maturity.] The Optional Prepayment Date for the Series 2011A Certificates shall be July 1, 20 .

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Fifth Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011B)" (the "Series 2011B Certificates"), and (ii) a portion of the outstanding "Refunding Certificates of Participation (School Board of St. Lucie County, Florida Master Lease Program, Series 2011A)" (the "Series 2011A Certificates"), each Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of St. Lucie County, Florida." (b) The Credit Enhancer for the Series 2011B Certificates and the Series 2011A Certificates maturing on July 1 in the years 2015 (bearing interest at 2.625%), 2016 (bearing interest at 3.00%), 2017 (bearing interest at 3.50%), 2018 (in the aggregate principal amount of $1,815,000 and bearing interest at 4.00%), 2019 (bearing interest at 4.00%), 2020 (bearing interest at 4.25%) and 2021 (bearing interest at 4.50%) (collectively, the "Insured Series 2011A Certificates") is Assured Guaranty Municipal Corp. ("AGM"). The Series 2011A Certificates not constituting Insured Series 2011A Certificates shall not be subject to credit enhancement. (c) The Reserve Requirement for the Series 2011B Certificates and the Series 2011A Certificates shall be zero dollars ($0.00). (d) The Optional Prepayment Date for the Series 2011B Certificates is July 1, 20 . The Series 2011A Certificates are not subject to optional prepayment prior to maturity. (e) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 1990A Project shall be allocated to the Series 2011B Certificates allocable to this Fifth Amended and Restated Lease Schedule, on a pro rata basis with the Series 2011A Certificates allocable to the Fourth Amended and Restated Lease Schedule. The portion of the Net Proceeds relating to the Series 1990A Project allocable to the Series 2011B Certificates and the Series 2011A Certificates under this Fifth Amended and Restated Lease Schedule shall be applied in accordance with Section 14 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Lease Schedule are identified as "Certificates of Participation (School Board of Sarasota County, Florida Master Lease Program), Series 2009 Evidencing an Undivided Proportionate Interest of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Sarasota County, Florida" (the "Series 2009 Certificates"). (b) The Credit Enhancer for the Series 2009 Certificates shall be (" "). (c) The Reserve Requirement for the Series 2009 Subaccount established in the Reserve Account under the Trust Agreement shall be zero ($0.00). (d) The Optional Prepayment Date for the Series 2009 Certificates shall be July 1, 20 . (e) The Prepayment Amount for purposes of 6.03(g) of the Trust Agreement is zero ($0.00). (f) The Closure Date of the Series 2009 Subaccount of the Project Account established for the Series 2009 Certificates, for purposes of Section 6.03(g) of the Trust Agreement, shall be , 20 .

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Lease Schedule No. 2010A are identified as "Certificates of Participation (School Board of Sarasota County, Florida Master Lease Program), Series 2010A (Qualified School Construction Bonds - Federally Taxable - Issuer Subsidy) Evidencing an Undivided Proportionate Interest of Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Sarasota County, Florida" (the "Series 2010A Certificates"). In accordance with the Trust Agreement, the Interest Component of the Basic Rent Payments represented by the Series 2010A Certificates shall be calculated at a rate of % per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months. (b) There is no Credit Enhancer for the Series 2010A Certificates. (c) The Reserve Requirement for the Series 2010A Subaccount established in the Reserve Account under the Trust Agreement shall be zero. (d) The Optional Prepayment Date for the Series 2010A Certificates shall be determined in accordance with paragraph (h) below. (e) The Closure Date of the Series 2010A Subaccount of the Project Account established for the Series 2010A Certificates shall be the date on which the Expenditure Period expires. (f) No Prepayment Amount is designated for purposes of 6.03(g) of the Trust Agreement; provided, however, that any amounts remaining in the Series 2010A Subaccount of the Project Account upon expiration of the Expenditure Period shall be applied to the prepayment of the Series 2010A Certificates in accordance with paragraph (g) below. (g) The Series 2010A Certificates are subject to extraordinary mandatory prepayment in Authorized Denominations, in whole or in part, on a date designated by the Board that occurs no later than the ninetieth day following the last day of the Expenditure Period, at a Prepayment Price equal to the Principal Component represented by the Series 2010A Certificates called for prepayment, plus accrued interest to the prepayment date, in an amount equal to the unexpended proceeds of the sale of the Series 2010A Certificates held by the Trustee, but only to the extent that the Board fails to expend all of the "available project proceeds" (as defined in Section 54A(e)(4) of the Code) of the Series 2010A Certificates for Qualified Purposes within the Expenditure Period; provided, however, to the extent that the principal amount of the Series 2010A Cert...

Certificates of Participation. Notwithstanding the foregoing or any provisions to the contrary herein, in the event that the Bonds issued by the City are certificates of participation, the City may require the Developer to remit the Developer Pledged Revenues to the City and the District to remit the District Pledged Revenues to the City. In such event, (a) the Developer agrees that, upon receipt of written directions from the City, it will remit, or cause to be remitted, the Developer Pledged Revenues to the City, and (b) the District Pledge Agreement may provide that the District shall remit the District Pledged Revenues to the City.

Certificates of Participation. Center-based caregivers, family child care providers, and administrators serving children birth to three years old, who participate in the South Carolina PITC Network, and attend a minimum of 12 hours of training will be eligible to receive a Certificate of Participation at the completion of the approved plan.

Certificates of Participation. The Validation shall have occurred and the Certificates of Participation shall have been issued and delivered upon terms, conditions and at interest rates acceptable to BUYER in its sole and absolute discretion and in a par amount sufficient to generate proceeds that BUYER in its sole and absolute discretion determines will be sufficient to pay the Purchase Price and Close. “Certificates of Participation” are defined as certificates of participation evidencing undivided proportionate interests of the owners thereof in basic lease payments to be made by the Governing Board of BUYER, as lessee, pursuant to a Master Lease Purchase Agreement with the Leasing Corp., as lessor, in an aggregate amount, that, when combined with any other funds to be paid by BUYER at Closing, shall equal the Purchase Price.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Amended and Restated Lease Schedule are identified as (i) a portion of the "Refunding Certificates of Participation (School Board of Sarasota County, Florida Master Lease Program), Series 2016A Evidencing an Undivided Proportionate Interest of Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by the School Board of Sarasota County, Florida" (the "Series 2016A Certificates") and (ii) the Outstanding Series 2009 Certificates. (b) There is no Credit Enhancer for the Outstanding Series 2009 Certificates or the Series 2016A Certificates. Any provisions of the Lease Agreement relating to a Credit Enhancer shall not apply to the Outstanding Series 2009 Certificates or the Series 2016A Certificates. (c) The Reserve Requirement for each of the Outstanding Series 2009 Certificates and Series 2016A Certificates under the Trust Agreement shall be zero ($0.00). (d) There is no Optional Prepayment Date for the Outstanding Series 2009 Certificates. The Optional Prepayment Date for the Series 2016A Certificates shall be determined in accordance with Section 501 of the Series 2016A Supplemental Trust Agreement. (e) No Prepayment Amount is designated for purposes of 6.03(g) of the Trust Agreement. (f) The Closure Date of the Series 2009 Subaccount of the Project Account for purposes of Section 6.03(g) of the Trust Agreement, shall not be applicable. (g) For purposes of Section 5.08(c) of the Lease Agreement, Net Proceeds of any insurance or condemnation award relating to the Series 2009 Project shall be allocated to the Series 2016A Certificates, on a pro rata basis with the Outstanding Series 2009 Certificates and shall be applied in accordance with Section 15 below.

Certificates of Participation. (a) The Certificates of Participation issued under the Trust Agreement and related to this Series 2003A Lease are identified as (i) unrefunded “Certificates of Participation (The School Board of Lake County, Florida, Master Lease Program), Series 2003A Evidencing Fractional Undivided Interests of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by The School Board of Lake County, Florida” (the “Series 2003A Certificates”) and (ii) “Certificates of Participation (The School Board of Lake County, Florida, Master Lease Program), Series 2012A Evidencing Fractional Undivided Interests of the Owners thereof in Basic Rent Payments to be made under a Master Lease-Purchase Agreement by The School Board of Lake County, Florida” (the “Series 2012A Certificates”). (b) The Credit Enhancer for the Series 2003A Certificates shall be Ambac Assurance Corporation, or any successor thereto (the “Insurer”). (c) The Reserve Requirement for the Series 2003A Certificates and the Series 2012A Certificates shall be zero ($0.00). (d) The Optional Prepayment Date for the Series 2003A Certificates shall be July 1, 2013. The Series 2012A Certificates shall not be subject to optional prepayment. (e) The Closure Date of the Series 2003A Subaccount of the Project Account established for the Series 2003A Certificates, for purposes of Section 6.03(g) of the Trust Agreement, shall be June 2005.