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31102 <br />SUMMARY OF CERTAIN <br />PROVISIONS OF THE <br />MASTER BOND RESOLUTION <br />The following is a summary of certain provisions of Resolution <br />No. 85-75, as amended and supplemented by Resolution No. 85-125 and Resolution <br />No. 87-59 (the "Master Bond Resolution"). This summary does not purport to be <br />comprehensive and reference should be made to the Master Bond Resolution for a <br />full and complete statement of its provisions. <br />Definitions of Certain Terms. The following are definitions of <br />certain of the terms used in the Master Bond Resolution: <br />"Additional Parity Obligations" shall mean additional obligations <br />issued in compliance with the terms, conditions and limitations contained in the <br />Master Bond Resolution and which shall have an equal lien on the Sales Tax, and <br />rank equally in all respects with the Bonds initially authorized under the Master <br />Bond Resolution. <br />"Bonds" shall mean the bonds in an aggregate principal amount not <br />exceeding $25,000,000 authorized to be issued under the Master Bond Resolution, <br />together with any Additional Parity Obligations which may be issued under the <br />terms, conditions and limitations contained in the Master Bond Resolution, from <br />time to time. <br />"Debt Service Requirement" shall mean the sum of the interest due <br />during the Fiscal Year on Current Interest Paying Bonds plus the amount required <br />to pay the principal, including amortization installments for Term Bonds, coming <br />C-1 <br />