Summary
The 1999 Bond Issuance Documents provide a comprehensive overview of financial arrangements between PICA and JPMorgan Chase Bank, primarily related to an interest rate swap agreement. The swap transaction was designed to manage interest rate exposure, allowing PICA to exchange fixed and floating rate obligations under specified conditions. The document includes detailed schedules of outstanding principal balances, fixed rate schedules, and floating rate adjustments, alongside procedural guidelines for exercising options within the swap. It also outlines legal frameworks referencing ISDA Definitions and the governing Master Agreement. Additionally, the document specifies termination rights, settlement mechanisms, and account details for financial transactions between the parties.