At the end of this period you become responsible for the loan repayments and any extra interest.
So the option face amount needs to be altered to take the extra interest into account.
Assuming all the bonds were for 15 years, the extra interest paid because of the city's financial troubles would total $142 million.
But with approximately $500 million of bonds covered by the repricing, the annual cost is around $250,000 in extra interest.
This extra interest can amount to a substantial sum over the life of a 30-year loan.
Both sides said that such controversy probably generated extra interest in the parade.
The extra interest charged on a risky investment is the risk premium.
But by charging the extra interest, they may be costing themselves an opportunity to do more business in Connecticut.
The existence of a multipurpose hall and newspaper library also provide extra interest to the museum.
Here too, there was late payment, and hence extra interest, for which compensation had to be made.