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Additional Parity Bonds. With respect to Variable Rate Bonds, if any, the interest rate used to calculate the Bond Service Requirement shall be assumed to be the highestvariable rate borne over the preceding twenty-four (24) months by Outstanding Variable Rate Bonds issued under this Resolution or as Additional Parity Bonds or,if no such Variable Rate Bonds are at the time Outstanding, by variable rate debt for which the interest rate is computed by reference to an index comparable to that to be utilized in determining the interest rate for the debt then proposed to be issued. If Additional Parity Bonds are Option Bonds,the date or dates of tender shall be disregarded,unless actually tendered and not remarketed,and the stated maturity dates thereof shall be used forpurposes ofthis calculation, if such Option Bonds are required to be paid from Local Government Half-Cent Sale Tax hereunder on such date of maturity. "Bond Year"means the period commencing on April 1 st and ending on March 31 st of the next succeeding year. "Capital Appreciation Bonds" means the aggregate principal amount of the Additional Parity Bonds that bear interest payable solely at maturity or upon redemption prior to maturity in the amounts determined by reference to the Compounded Amounts, all as shall be determined by subsequent resolution of the County. In the case of Capital Appreciation Bonds that are convertible to Current Interest Bonds with interest payable prior to maturity or redemption of such Additional Parity Bonds, such Additional Parity Bonds shallbe considered Capital Appreciation Bonds only during the period oftime prior to such conversion. "Capital Appreciation Income Bonds" means those Additional Parity Bonds initially issued as Capital Appreciation Bonds and which become Current Interest Bonds when the original issue amount and the Compounded Amount equals $5,000 principal amount or an integral multiple thereof as determined by subsequent resolution of the County. "Compounded Amounts"means,as ofany date ofcomputationwithrespect 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 ofdeliveryto 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 ofthe immediately succeeding interest date,calculated based on the assumption 21