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Exemption Agreement; and authorizing and approving certain other matters" on July 21, 2014 <br /> (the "Ordinance"); and <br /> WHEREAS, in connection with the 2014 Refunding and pursuant to the Ordinance, the <br /> Series 2010 Bonds shall be reregistered as set forth in the table below (the ">�eregistered Series <br /> 2010 Bonds"): <br /> Series 2010A: Series 201OB: <br /> R-2 $1,632,800 R-2 $1,300,000 <br /> R-3 $2,449,200 R-3 $1,950,000 <br /> Series 2010C: Series 201OD: <br /> R-2 $1,145,300 R-2 $ 695,500 <br /> R-3 $1,717,950 R-3 $1,043,250; and <br /> WHEREAS, in connection with the 2014 Refunding and pursuant to �he Ordinance, it is <br /> necessary for the Issuer, the Corporation and the Bond Trustee to enter into this Second <br /> Amendment to Tax Exemption Agreement. <br /> NOW THEREFORE, in consideration of the premises and the mutual covenants and <br /> agreements herein set forth, the Issuer, the Corporation and the Bond Trustee do hereby agree as <br /> follows: <br /> 1. The above recitals are herein incorporated by reference in their entirety. <br /> 2. Section 5.1 of the Tax Exemption Agreement is hereby deleted and the following <br /> inserted in replacement thereof: <br /> "Section 5.1 Variable Yield Issue. Each of the Series 2010 Bonds <br /> numbered R-4 shall bear interest at a rate of 3.00% through and including <br /> December 22, 2015; thereafter, each of the Series 2010 Bonds �umbered R-4 shall <br /> bear interest at a rate equal to the product of(x) sum of(i) the Federal Home Loan <br /> Bank of Chicago Regular Fixed Rate for advances of five (5) years <br /> (www.fhlbc.com) plus (ii) 2.75% multiplied by (y) 0.69; providled, however that in <br /> no event shall such rate be less than 3.50% per annum. Each of the Series 2010 <br /> Bonds numbered R-5 shall bear interest at a rate of 2.75% through and including <br /> December 22, 2015; thereafter, each of the Series 2010 Bonds numbered R-5 shall <br /> bear interest at a rate equal to the product of(x) sum of(i) the ederal Home Loan <br /> Bank of Chicago Regular Fixed Rate for advances c f five (5) years <br /> (www.fhlbc.com) plus (ii) 2.75% multiplied by (y) 0.69; provided, however that in <br /> no event shall such rate be less than 3.50% per annum. As a result, the Series 2010 <br /> Bonds are treated as a variable rate issue." <br /> 3. Deemed Designation. The portion of the Reregistered Series 2010 Bonds that <br /> constitute the 2014 Refunding (i.e., the R-4 bonds) are deemed designated as <br /> "Qualified Tax-Exempt Obligations" pursuant to Section 261(b)(3)(D)(ii) of the <br /> Code. That portion of the Reregistered Series 2010 Bonds that do not constitute the <br /> 3 <br />