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A <br />located within or without the State of Florida, who shall maintain <br />MR the registration books of the Issuer and who shall cause the <br />registration, registration of transfer, and reissuance of the Bonds <br />® within a commercially reasonable time according to the then current <br />industry standards and who also may be the paying agent for the <br />Bonds and interest thereon. <br />G. "Bonds" shall mean the Refunding and Improvement <br />Revenue Bonds, Series 1985, herein authorized to be issued <br />together with any additional parity obligations hereafter issued <br />under the terms, conditions and limitations contained herein. <br />H. "Capital Appreciation Bonds" shall mean the Bonds of <br />a series, the interest on which (1) shall be compounded periodi- <br />cally; (2) shall be payable at maturity or upon earlier redemp- <br />tion of the principal amount thereof; and (3) shall be determined <br />by reference to the Compounded Amounts. <br />I. "Compounded Amounts" with respect to any Capital <br />Appreciation Bonds of a series, shall mean the amounts so designated <br />in a subsequent resolution of the Issuer, representing principal and <br />interest accrued on such Capital Appreciation Bonds. <br />J. "Current Interest Paying Bonds" shall mean the Bonds of <br />a series, the interest on which shall be payable on a semiannual <br />basis. <br />K. "Debt Service Requirement" for any Fiscal Year, as <br />applied to the Bonds of any series, shall mean the sum of: <br />(1) The amount required to pay the interest becoming due <br />on the Current Interest Paying Bonds of such series during such <br />Fiscal Year, except to the extent that such interest shall have been <br />provided by payments into the Sinking Fund out of Bond proceeds <br />for a specified period of time. The interest due in any ensuing <br />Fiscal Year on Current Interest Paying Bonds which have a <br />variable rate of interest shall be assumed to be one hundred ten <br />percent (110%) of the greater of (i) the daily average interest <br />rate on such variable rate Bonds during the twelve months ending <br />with the month preceding the date of calculation, or such shorter <br />-4- <br />