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I , "Clerk" shall mean the Clerk of the Circuit Court of Indian River County, Florida and such term shall include any Deputy Clerk. "Compounded Amounts" shall mean, as of any date of computation with respect to any Capital Appreciation Bond, an amount equal to the principal amount of such Capital Appreciation Bond (the principal amount at its initial offering) plus the interest accrued on such Capital Appreciation Bond from the date of delivery to the original purchasers thereof to the interest date next preceding the date of computation or the date of computation if an interest date, such interest to accrue at the applicable rate which shall not exceed the legal rate, compounded semiannually, plus, with respect to matters related to the payment upon redemption or acceleration of the Capital Appreciation Bonds, if such date of computation shall not be an interest date, a portion of the difference between the Compounded Amount as of the immediately preceding interest date and the Compounded Amount as of the immediately succeeding interest date, calculated based on the assumption that Compounded Amount accrues during any semi-annual period in equal daily amounts on the basis of a 360-day year of twelve 30-day months. "County Administrator" shall mean the County Administrator of the Board of County Commissioners of Indian River County, Florida. "Current Interest Bonds" shall mean Bonds or Additional Parity Bonds, the interest on which is paid on each Interest Payment Date as such interest accrues. "Development Agreement" shall mean that certain Development Agreement dated as of September 1, 2000, between the Issuer and The Los Angeles Dodgers, Inc. "Federal Securities" shall mean direct non-callable obligations of the United States of America and securities fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America, to which direct obligation or guarantee the full faith and credit of the United States of America has been pledged, Refcorp interest strips, CATS, TIGRS, STRPS, or defeased municipal bonds rated AAA by S&P or Aaa by Moody's (or any combination of the foregoing). "Fiscal Year" shall mean the period commencing on October 1 of each year and ending on the succeeding September 30, or such other period as is at the time prescribed by law. "Fourth Cent Tourist Development Tax" shall mean the proceeds of the additional one percent tourist development tax levied by the Issuer in Ordinance No. 2000-029, enacted pursuant to Section 125.0104(3)(1), Florida Statutes. "Holder" or "Bondholder" or any similar term shall mean any person who shall be the registered owner of any outstanding Bonds. "Interest Payment Date" shall mean each April 1 and October 1, commencing April 1, 2002. 3