Laserfiche WebLink
the meaning of any State constitutional provision or statutory limitation and shall not constitute nor <br /> give rise to a pecuniary liability of the Issuer nor a charge against the general credit or taxing powers <br /> of the Issuer. Basic Payments sufficient for the prompt payment when due of the interest on and <br /> principal of said Bonds are to be paid directly to the Lender by the Corporation for the account of <br /> the Issuer. <br /> This Bond is transferable,but only upon registration books of the Issuer at the office of the <br /> Lender, as Bond Registrar, by the registered holder hereof in person or by his attorney duly <br /> authorized in writing,upon the surrender of this Bond,together with a written instrument of transfer <br /> satisfactory to the Bond Registrar duly executed by the registered owner or his attorney duly <br /> authorized in writing and thereupon, Bond or Bonds, in registered form, in the same aggregate <br /> principal amount, maturity and interest rate shall be issued to the transferee in exchange therefor. <br /> The registration, registration of transfer, and exchange of this Series Bond is subject to a <br /> charge by the Bond Registrar sufficient to cover any governmental tax or fee in connection therewith. <br /> No registration,registration of transfer,or exchange shall be made by the Bond Registrar during the <br /> period beginning on the fifteenth (15`h) day of the month next preceding an Interest Payment Date <br /> and ending on such Interest Payment Date, during the period of ten (10)days preceding the giving <br /> of notice of redemption or after this Bond shall be called for redemption in whole or in part. <br /> The Bonds are subject to prepayment and redemption as follows: <br /> Optional Redemption. The Bonds shall be subject to redemption and prepayment prior to <br /> maturity, in whole or in part, on any Business Day, at the option of the Corporation, at the <br /> redemption price equal to the principal amount thereof to be redeemed together with accrued interest <br /> to the date fixed for redemption; provided, however, that any prepayment made with the proceeds <br /> of the sale of the Project or refinancing of the Project which is not provided by the Lender shall be <br /> at a redemption price equal to 101% of the principal amount redeemed plus accrued interest. <br /> Extraordinary Redemption. The Bonds are also subject to redemption at a redemption <br /> price of 100%of the principal amount thereof,plus accrued interest in whole or in part on any date <br /> for which proper notice can be given upon certain events of damage to, or condemnation of the <br /> Facilities or any portion thereof and from unexpended proceeds of the Bonds following completion <br /> of the Project. If Bonds are redeemed in part, the maturities of the Bonds to be redeemed shall be <br /> selected by the Corporation, and if less than all of the outstanding Bonds of a maturity are to be <br /> redeemed, the Bonds of such maturity to be redeemed shall be selected by lot. <br /> Upon the occurrence of a Determination of Taxability(as defined in the Loan Agreement) <br /> the Issuer shall redeem all outstanding Bonds with funds derived from a mandatory prepayment of <br /> the Loan Agreement by the Corporation. In such event,the Bonds are subject to redemption on any <br /> date for which proper notice of call can be given after the Determination of Taxability, at a <br /> redemption price equal to 100%of the principal amount to be redeemed,plus accrued interest to the <br /> date fixed for redemption. <br /> A-3 <br />