1. MIDA Bond-Oak Grove School - Laserfiche WebLink

principal of said Bonds are to be paid directly to the Lender by the Corporation for the account of the Issuer. This Bond is transferable, but only upon registration books of the Issuer at the office ofthe County Auditor, as Bond Registrar, by the registered holder hereof in person or by his attorney duly authorized in writing, upon the surrender ofthis Bond, together with a written instrument of trans fer satisfactory to the Bond Registrar duly executed by the registered owner or his attorney duly authorized in writing and thereupon, Bond or Bonds, in registered form, in the same aggregate principal amount, maturity and interest rate shall be issued to the transferee in exchange therefor. The registration, registration of transfer, and exchange of this Series Bond is subject to a charge by the Bond Registrar sufficient to cover any governmental tax or fee in connection therewith. No registration, registration oftransfer, or exchange shall be made by the Bond Registrar during the period beginning on the fifteenth (15th) day ofthe month next preceding an Interest Payment Date and ending on such Interest Payment Date, during the period often (10) days preceding the giving of notice of redemption or after this Bond shall be called for redemption in whole or in part. The Bonds are subject to prepayment and redemption as follows: Optional Redemption. The Bonds shall be subject to redemption and prepayment prior to maturity, in whole but not in part, on May _,2010, and any Payment Date thereafter, at the option ofthe Corporation, at the redemption price equal to the After Payment Termination Value set forth on the amortization schedule attached hereto, together with accrued interest to the date fixed for redemption. Extraordinary Partial Redemption. The Bonds are also subject to partial redemption in and amount not less than $300,000 one time on any Payment Date on or after November _,2009, at a redemption price equal to the pro rata After Payment Termination Value, plus accrued interest to the date fixed for redemption. The outstanding principal of the Bonds will be re-amortized to November _, 2018, and the payments adjusted accordingly. Special Redemption. The Bonds are also subject to redemption at a redemption price equal to the prorated amount of the After Payment Termination Value, plus accrued interest in whole but not in part on any date for which proper notice can be given upon certain events of damage to or condemnation of the Project or any portion thereof. Upon the occurrence of a Determination of Taxability (as defmed in the Loan Agreement) the Issuer shall redeem all outstanding Bonds with funds derived from a mandatory prepayment of the Loan Agreement by the Corporation. In such event, the Bonds are subject to redemption on any date for which proper notice of call can be given after the Determination of Taxability, at a redemption price equal to the prorated amount of the After Payment Termination Value, plus accrued interest to the date fixed for redemption. A-3