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<br />I-2 <br />517257v1 JSB NE136-259 <br />is equal to the product of (A) the Affected Principal Amount for the Affected <br />Principal Period, times (B) the Reference Rate, times (C) the Day Count Fraction <br />for such Affected Principal Period, <br />minus <br />the sum of the present values of a series of amounts computed for each <br />Scheduled Date after the Break Date through the Maturity Date for such Bond, each <br />of which amounts is equal to the product of (A) the Affected Principal Amount for <br />the Affected Principal Period, times (B) the Break Rate, times (C) the Day Count <br />Fraction for such Affected Principal Period, <br />where: <br />the Calculation Agent computes such present values by discounting <br />each such series of amounts described in clause (i) and (ii) above from their <br />respective Scheduled Date to the Break Date using a series of discount <br />factors corresponding to those Scheduled Dates as determined by the <br />Calculation Agent from the swap yield curve that the Calculation Agent <br />would use as of the Break Date in valuing a series of fixed rate interest rate <br />swap payments similar to such series of amounts; <br />the “Affected Principal Amount” for an Affected Principal Period <br />means the principal amount of the Bond reflected in the Schedule of <br />Principal Amounts scheduled to be outstanding during that Affected <br />Principal Period determined as of the Break Date by reference to the <br />Schedule of Principal Amounts before giving effect to any Break Event; <br /> “Affected Principal Period” means each period from and including <br />the Scheduled Date, to but excluding the next Scheduled Date provided that <br />the initial Affected Principal Period shall begin on the Break Date and the <br />last Affected Principal Period shall end on the Maturity Date; <br />“Break Rate” means, for any Break Date, and with respect to each <br />Bond, the fixed rate the Calculation Agent determines is representative of <br />what swap dealers would be willing to pay to the Calculation Agent (or, if <br />required to be cleared under the Commodity Exchange Act or a Commodity <br />Futures Trading Commission rule or regulation promulgated thereunder, to <br />a swap clearinghouse) as fixed rate payors on a semi-annually basis in return <br />for receiving one-month LIBOR-based payments monthly under interest <br />rate swap transactions that would commence on such Break Date, and <br />mature on, or as close as commercially practicable to, the Maturity Date for <br />such Bond;