1. MIDA Bond Hospice of Red River Valley
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1. MIDA Bond Hospice of Red River Valley
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6/26/2007 2:23:12 PM
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6/26/2007 2:10:54 PM
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<br />Fund and applied to pay the costs of such additions, repairs and improvements as determined <br />by the Corporation to be necessary or desirable. Ifthe Net Proceeds are insufficient to pay <br />the costs of such additions, repairs and improvements, the Corporation will deposit with the <br />Trustee that portion of the cost thereof in excess of the amount of the Net Proceeds. The <br />Corporation's obligations hereunder shall continue in full force and effect, including its <br />obligation to make Basic Payments and Additional Payments. <br /> <br />(b) Option B - Redemption of the Bonds. The Corporation may elect to cause the <br />Bonds to be redeemed in whole or in part at a redemption price equal to par, plus accrued <br />interest, on the next Interest Payment Date occurring at least forty-five (45) days after the <br />date ofthe notice given by the Corporation to the Trustee as to exercise of this Option B. In <br />such event, all Net Proceeds will be deposited by the Trustee in the Bond Fund and <br />redemption shall be effected pursuant to the provisions of, in the manner, and with the effect <br />provided in the Indenture. <br /> <br />(Remainder of this page intentionally left blank.) <br /> <br />6-2 <br />
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