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.+► AON.. <br /> (b) The following definitions are hereby amended to read as follows: <br /> Administrative Target Level—with respect to amounts on deposit in the Rate <br /> Stabilization Fund, an amount equal to five times(5.0x)the Maximum Annual Expansion <br /> Projects Debt Service (MADS), less any Bond reserve funds held in trust; provided, <br /> however, if five times the MADS on any individual Bond is greater than the total amount <br /> of the principal and interest outstanding on that Bond (less any Bond reserve funds held <br /> in trust),then the lesser amount will be used in calculating the Administrative Target <br /> Level. <br /> Bond Target Level—with respect to amounts on deposit in the Rate <br /> Stabilization Fund, an amount equal to two times(2.0x)the Maximum Annual Expansion <br /> Projects Debt Service ("MADS"), less any Bond reserve funds held in trust; provided, <br /> however, if two times the MADS on any individual Bond is greater than the total amount <br /> of the principal and interest outstanding on that Bond (less any Bond reserve funds held <br /> in trust),then the lesser amount will be used in calculating the Bond Target Level. <br /> Maximum Annual Expansion Projects Debt Service —the Regional Expansion <br /> Fund's portion of the highest future annual Debt Service for any outstanding Bond. <br /> Rate Stabilization Fund—the Rate Stabilization Fund shall mean the Regional <br /> Expansion Fund, so long as any Bonds are outstanding. <br /> 2. Section 6 of said Agreement is hereby amended to read as follows: <br /> 6. Regional Facilities Expansion Proiects. Except for paragraph 7 (f)of this <br /> agreement, nothing herein contained shall be deemed a limitation upon District's authority to <br /> provide for and implement Regional Facilities Expansion Projects pursuant to paragraphs 6, <br /> 11(c), and 11(d)of the Regional Agreement. Subject to the funds on deposit in the Regional <br /> Expansion Fund for Bonds outstanding at any given time, District may undertake Regional <br /> Facilities Expansion Projects pursuant to said paragraphs which do not require debt financing as <br /> District shall determine; provided,that if the Rate Stabilization Fund balance is less than the <br /> Administrative Target Level,or would be reduced to a balance less than the Administrative <br /> Target Level,such projects shall be categorized and undertaken within the following guidelines: <br /> 2 <br />