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Special Taxes. The Prepayment Amount shall be calculated as follows (capitalized terms as defined below): As of the proposed date of prepayment, the Prepayment Amount shall be determined by the CFD Administrator pursuant to the following steps: Step 1: Confirm that no Special Tax delinquencies apply to such TMK Parcel. Step 2: Compute the total Maximum Special Tax that could be levied on the TMK Parcel prepaying the Special Tax in the Fiscal Year in which prepayment would be received by the County, as set forth in Section C above. For TMK Parcels of Developed Property, the Maximum Special Tax equals the greater of the Assigned Special Tax and Backup Special Tax. Step 3: (a) Divide the Maximum Special Tax computed pursuant to Step 2 for such TMK Parcel by the total estimated Maximum Special Tax Revenues that could be levied in that Fiscal Year on property within Tax Zone 1, as set forth in Section C above, excluding any TMK Parcels which have prepaid their Special Tax obligation, and (b) Divide the Maximum Special Tax computed pursuant to Step 2 for such TMK Parcel by the Maximum Special Tax Revenues that could be generated at buildout for the entire Tax Zone I area as determined by the CFD Administrator based on the Development Plan and other information currently available, excluding any TMK Parcels which have prepaid their Special Tax obligation. Step 4: Multiply the larger quotient computed pursuant to Steps 3(a) or 3(b) by the Outstanding Bonds to compute the amount of Outstanding Bonds to be retired and prepaid (the "Bond Redemption Amount"). Step 5: Compute the current Remaining Facilities Costs (if any). Step 6: Multiply the larger quotient computed pursuant to Steps 3(a) or 3(b) by the amount determined pursuant to Step 5 to compute the Hawai'i County CFD No. 1-2021 16 June 23, 2021 Bond Redemption Amount plus Remaining Facilities Amount plus Redemption Premium plus Defeasance Requirement plus Administrative Fees and Expenses less Reserve Fund Credit equals Prepayment Amount As of the proposed date of prepayment, the Prepayment Amount shall be determined by the CFD Administrator pursuant to the following steps: Step 1: Confirm that no Special Tax delinquencies apply to such TMK Parcel. Step 2: Compute the total Maximum Special Tax that could be levied on the TMK Parcel prepaying the Special Tax in the Fiscal Year in which prepayment would be received by the County, as set forth in Section C above. For TMK Parcels of Developed Property, the Maximum Special Tax equals the greater of the Assigned Special Tax and Backup Special Tax. Step 3: (a) Divide the Maximum Special Tax computed pursuant to Step 2 for such TMK Parcel by the total estimated Maximum Special Tax Revenues that could be levied in that Fiscal Year on property within Tax Zone 1, as set forth in Section C above, excluding any TMK Parcels which have prepaid their Special Tax obligation, and (b) Divide the Maximum Special Tax computed pursuant to Step 2 for such TMK Parcel by the Maximum Special Tax Revenues that could be generated at buildout for the entire Tax Zone I area as determined by the CFD Administrator based on the Development Plan and other information currently available, excluding any TMK Parcels which have prepaid their Special Tax obligation. Step 4: Multiply the larger quotient computed pursuant to Steps 3(a) or 3(b) by the Outstanding Bonds to compute the amount of Outstanding Bonds to be retired and prepaid (the "Bond Redemption Amount"). Step 5: Compute the current Remaining Facilities Costs (if any). Step 6: Multiply the larger quotient computed pursuant to Steps 3(a) or 3(b) by the amount determined pursuant to Step 5 to compute the Hawai'i County CFD No. 1-2021 16 June 23, 2021