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America National Trust and Savings Association, as trustee <br />(the "Trustee"), a national banking association duly organized <br />and existing under and by virtue of the laws of the United <br />States of America and having a principal corporate trust <br />office in San Francisco, California. <br /> <br /> The registered owner of this Certificate is entitled <br />to receive, subject to the terms of the Facility Lease and any <br />right of prepayment prior thereto hereinafter provided for, on <br />the certificate payment date set forth above (the "Certificate <br />Payment Date"), upon surrender of this Certificate on the <br />Certificate Payment Date or on the date of prepayment prior <br />thereto at the principal corporate trust office of the Trustee <br />in San Francisco, California, the principal sum specified <br />above representing the registered owner's fractional undivided <br />share of the Base Rental Payments designated as principal <br />components coming due on the Certificate Payment Date or on a <br />Base Rental Payments date prior thereto, and to receive from <br />the date hereof (which date shall be the interest payment date <br />next preceding the date of delivery hereof by the Trustee, <br />unless such date of delivery is a day during the period from <br />the 16th day of the month next preceding any interest payment <br />date to and including such interest payment date, in which <br />case the date hereof shall be such interest payment date, or <br />unless such date of delivery is on or before March 15, 1988, <br />in which case the date hereof shall be October 1, 1987) on <br />April 1 and October 1 of each year, commencing on April 1, <br />1988, to and including the Certificate Payment Date or the <br />date of prepayment prior thereto, whichever is earlier, the <br />registered owner's fractional undivided share of the Base <br />Rental Payments designated as interest components coming due <br />on such dates. Such fractional undivided share designated as <br />interest components is the result of the multiplication of the <br />aforesaid portion of the Base Rental Payments designated as <br />principal components by the interest rate per annum stated <br />above calculated on the basis of a 360-day year composed of <br />twelve 30-day months. The interest is payable to the person <br />whose name appears on the certificate registration books of <br />the Trustee as the registered owner hereof as of the close of <br />business on the 15th day of the month immediately preceding an <br />interest payment date, whether or not such day is a business <br />day, such interest to be paid by check mailed to such <br />registered owner at his address as it appears on such <br />registration books. All such amounts are payable in lawful <br />money of the United States of America. <br /> <br /> This Certificate is one of the duly authorized <br />certificates of participation entitled "City of Pleasanton, <br />California 1987 Certificates of Participation for Capital <br />Projects I and II aggregating $ which have been <br />executed by the Trustee pursuant to the terms of a Trust <br /> <br /> 15 <br />1451S <br /> <br /> <br />