Board of Trustees Meeting Agenda | Feb 17-18, 2022

“Future Parity Bonds” means any special fund revenue bonds or other revenue obligations that are issued by the University in the future as Parity Bonds. “Government Obligations” means noncallable direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America. “Issue Date” means the date of initial issuance and delivery of the Series 2022 Bond to the Purchaser in exchange for the purchase price of the Series 2022 Bond. “Master Resolution” means Restated Master Resolution No. 12-02 adopted by the Board on February 3, 2012. “Offer” means the written offer of the Purchaser describing certain terms for the purchase of the Series 2022 Bond. “Purchaser” means the financial institution selected by the Authorized Representative pursuant to a request for proposals, and its successors and assigns. “Record Date” means the Registrar’s close of business on the 15th day of the month preceding an interest payment date. “Redemption Date” means May 1, 2022, or such other date fixed by the Authorized Representative for redemption of the Refunded Bonds. “Refunded Bond Resolutions” means, collectively, Resolution No. 02-03 adopted by the Board on May 10, 2002, as amended by Resolution No. 04-01 adopted by the Board on May 26, 2004, including certain provisions approved by Bondowners on June 10, 2004, and by Resolution No. 10-10 adopted by the Board on October 1, 2010, together with Resolution No. 12-01 adopted by the Board on February 3, 2012, and Resolution No. 12-03 adopted by the Board on April 4, 2012.

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FG:74303161.4

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