Interest Payable With Respect to 2025 Bonds Purchased by the Authority Sample Clauses

Interest Payable With Respect to 2025 Bonds Purchased by the Authority. (a) Credit Provider Bonds shall bear interest at the rate borne by 2025 Bonds that are not Credit Provider Bonds or, if all 2025 Bonds are Credit Provider Bonds, the Credit Provider Bonds shall bear interest at a rate of [ % / the Maximum Rate [as such term is defined in the Supplemental Indenture]; provided that, the Authority may, on any date on which it holds all Outstanding 2025 Bonds as Credit Provider Bonds, provide that the Credit Provider Bonds shall thereafter bear interest at a fixed rate not to exceed the Maximum Rate]. (b) Principal on Credit Provider Bonds shall be due and payable at the times and in the amounts set forth in the Indenture for the 2025 Bonds purchased by the Authority. (c) Payment of principal of and interest accrued on Credit Provider Bonds shall be and constitute a Parity Obligation under the Indenture.