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11. Add the amounts computed pursuant to paragraphs 8 and 9 and subtract the amount <br /> • <br /> computed pursuant to paragraph 10 (the "Defeasance Amount "). <br /> 12. The administrative fees and expenses of CFD No. 2010 -1 are as calculated by the CFD <br /> Administrator and include the costs of computation of the prepayment, the costs to invest <br /> the prepayment proceeds, the costs of redeeming CFD No. 2010 -1 Bonds, and the costs of <br /> recording any notices to evidence the prepayment and the redemption (the <br /> "Administrative Fees and . " Ex enses <br /> P ) <br /> 13. The reserve fund credit (the "Reserve Fund Credit ") shall equal the lesser of: (a) the <br /> expected reduction in the reserve requirement (as defined in the Indenture), if any, <br /> associated with the redemption of Previously Issued Bonds as a result of the prepayment, <br /> or (b) the amount derived by subtracting the new reserve requirement (as defined in the <br /> Indenture) in effect after the redemption of Previously Issued Bonds as a result of the <br /> prepayment from the balance in the reserve fund on the prepayment date, but in no event <br /> shall such amount be less than zero. No Reserve Fund Credit shall be granted if the <br /> amount then on deposit in the reserve fund for the Previously Issued Bonds is below <br /> 100% of the reserve requirement (as defined in the Indenture). <br /> 14. If any capitalized interest for the Previously Issued Bonds will not have been expended as <br /> of the date immediately following the first interest and/or principal payment following the <br /> current Fiscal Year, a capitalized interest credit shall be calculated by multiplying the <br /> quotient computed pursuant to paragraph 3 by the expected balance in the capitalized <br /> interest fund or account under the Indenture after such first interest and/or principal <br /> payment (the "Capitalized Interest Credit "). <br /> 15. The Special Tax prepayment is equal to the sum of the amounts computed pursuant to <br /> paragraphs 4, 5, 7, 11 and 12, less the amounts computed pursuant to paragraphs 13 and <br /> 14 (the "Special Tax Prepayment Amount "). <br /> 2. Prepayment in Part <br /> The amount of the prepayment shall be calculated as in Section I.1; except that a partial <br /> prepayment shall be calculated according to the following formula: <br /> PP = [(PE — A) x F] + A <br /> These terms have the following meaning: <br /> PP = the partial prepayment. <br /> PE = the Special Tax Prepayment Amount calculated according to Section I.1. <br /> F = the percentage, expressed as a decimal, by which the owner of the Assessor' s <br /> Parcel is partially prepaying the Special Tax. <br /> A = the Administrative Fees and Expenses calculated according to Section I.1. <br /> B -18 <br /> 302108_1.doc <br />