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(r) "Subsidized Percentage" means the percentage specified as such on the Term Sheet <br /> <br />(s) "Repayment Rate" means .the dollar amount per annum necessary to amortize a principal <br /> mount of one dollar semi-annually at the Contract Interest Rate over the Contract Period of <br /> Years. <br /> <br />(t) "Contract Interest Rate" means the rate of 6.585% per annum. <br /> <br />(u) "Default Rate" means a rate equal to the Contract Interest Rate plus three percentage points. <br /> <br />(v) "Contract Period of Years" means the period of the Contract Term specified in the Term <br /> Sheet, commencing on the date six months prior to the First Payment Date specified in the <br /> Term Sheet. <br /> <br />(w) <br /> <br />(x) <br /> <br />(y) <br /> <br />If the Contract Period of Years commences prior to the final determinatiOn of the Project <br />Repayment PrinCipal Amount, the LPE Loan Repayment Amount shall be based upon the <br />best figures available' at the time the computation of each semi-annual 'payment is required <br />to be made. When such final costs are known, the LPE Loan Repayment Amount shall be <br />recomputed and the next folloWing semi-annual payment shall be either increased or <br />decreaSed by a factor sufficient to correct for any overpayment or underpayment through <br />the date of such recomputation so that the total amount received by County over the <br />Contract Period of Years will be the same amount as would have been received had the <br />final Project Repayment Principal Amount been used in computing the LPE Loan <br />Repayment Amount at the commencement of the Contract Period of Years. The interest <br />during construction computed at the Contract Interest Rate shall, however, be computed <br />based on the then existing cost allocations at the time of such computation and shall not be <br />recomputed. <br /> <br />"Pledged Nontax Revenues" means (i) all Project Revenues and (ii) all Nontax Revenues. <br />"Project Revenues" means (a) Land Disposition Proceeds and (b) all PRP Proceeds. <br /> <br />"Nontax Revenues" means all money of the LPE that is not money raised by taxation, to the <br />extent available for purposes provided for herein, including, but not limited to the following: <br />(a) grants from the United S~ates of America and'the State of Ohio; (b) payments in lieU of <br />taxes now or hereafter authorized by State statute, including payments in lieu of taxes with <br />respect to the Project; (c) fines and forfeitures that are deposited in the LPE's General Fund; <br />(d) fees deposited in the. LPE's General Fund from properly impOsed licenses and permits; (e) <br />investment earnings on the LPE's General Fund and. that are credited or transferred to the <br />LPE's General Fund; (f) investment earnings of other funds of the LPE that are credited to <br />the LPE's General Fund; (g) proceeds from the sale of assets that are deposited in the LPE's <br />General Fund; (h) rental income that is deposited in the LPE's General Fund; (i) gifts and <br />donations; and (.j) charges for services and payments received in reimbursement for services. <br /> <br />B-5 <br /> <br /> <br />