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~;3-- ~ Ci~iti~ .''. The Series 1983 Bonds shall be initially delivered upon delivery of the Indenture and shall be dated as of the date of authentication thereof. Therefter, the Series 1983 Bonds shall be dated as of the first day of the month next preced- ing their date of issue, or if issued on the first of any month, as of such date, and shall bear interest payable monthly from their date. If interest on the Bonds shall be in Default, fully registered Bonds issued in exchange for Bonds surrendered for transfer or exchange shall be dated as of the date to which interest has been paid in full on the Bonds surrendered. The Series 1983 Bonds shall bear interest on the unpaid principal amount thereof, until payment in full of the entire principal amount thereof, payable monthly on the first day of each month commencing March I, 1983, during the term of the Agreement, and shall bear interest at the lesser of (i) a rate of eleven percent (li%) per annum (the "Fixed Rata") or (ii) sixty eight percent (68°J,) of the Prime Rate, such 68~ to be computed to four decimal place accuracy, as from time to time in effect (the "Floating Rate") provided that the lesser o£ the two rates shall be determined on the date of initial authentication of the Series 1983 Bonds and such rate (either the Fixed Rate or the Floating Rate) shall be the interest rate on the Series 1983 Bonds for the period from the initial authentication thereof until two (2) years thereafter (the "Initial Rate Period"). The lesser of the Fixed Rate or the Floating Rate shall be redetermir_ed for each two (2) year period after the Initial Rate Period on the anniversary of the initial authentication of the Series 1983 Bonds that begins each such two (2) year period. In order to facilitate computation of interest payable for each month during which the Floating Rate is applicable, the Prime Rate for the three days prior to any interest payment date shall be calculated as if there had been no change in the Frime Rate from the Prime Rate for the fourth day prior to such interest payment date, and any change in the Prime Rate during such period sha21 be reflected in the amount due on the immediately succeeding interest payment date; however, for the three days immediately preceding the final interest payment date on any Series 1983 Bond, the interest rate shall be deemed to be the interest rate for the fourth day prior to the final interest payment date on such Series 1983 Bond. The Series 1983 Bor_ds shall mature on the dates set forth in, and in the principal amounts set opposite each date, in the following schedule: -iC- C~