106-83 Bonds for Hospial - Laserfiche WebLink

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the Series 1983 Bonds to the Original Purchaser shall, if authenticated prior to the first Interest Payment Date, be dated as of the same date as the Series 1983 Bonds initially delivered to the Original Purchaser, and shall, if authenticated on or after the first Interest Payment Date, be dated as of the Interest Payment Date next preceding the date of their authentication, except that if authenticated on an Interest Payment Date they shall be dated as of the date of such authentication; provided, however, that if at the time of authentication of any such. Series 1983 Bonds, interest thereon is in default, it shall be dated as of the date to which interest has been paid. Each Series 1983 Bond shall have only one principal maturity date, except for interim certifi- cates or receipts issued pending preparation of definitive Series 1983 Bonds. (c) Place of Payment. The principal of and any redemption premium on Series 1983 Bonds shall be payable at the principal corporate trust office of the Trustee, and interest on the Series 1983 Bonds shall be payable by check or draft as provided in the Indenture. (d) Maturities and Interest. The Series 1983 Bonds shall mature on the Principal Retirement Dates and in accordance with the Principal Retirement Schedule and shall bear interest from their respec- tive dates payable on each Interest Payment Date. For the first Interest Period, the interest rate on the Series 1983 Bonds shall be such rate per annum, not in excess of 7-1/2%, as shall be set forth in the Certificate of Award. For each Interest Period thereafter the interest rate on the Series 1983 Bonds will be a rate per annum equal to such percentage of the Interest Index for such Interest Period, not in excess of 120% of such Interest Index, as shall be set forth in the Certificate of Award; provided that the interest rate determined pursuant to the preceding clause of this sentence shall be rounded to the nearest five-hundredths percent (.05%); and provided further that in no event will the interest rate borne by any Series 1983 Bond exceed 18% per annum. For the second Interest Period and each Interest Period there- after, the Interest Index will be computed by the Indexing Agent or the Trustee, as applicable, as of the tenth Business Day next preceding the first day of such Interest Period, and will be communicated telephon- ically or telegraphically, with written confirmation by first-class mail, by the Indexing Agent or the Trustee, as applicable, to the Remar- keting Agent, the Issuer, the Bank and the Trustee. The computation of the Interest Index by the Indexing Agent or the Trustee, as applicable, shall be conclusive and binding upon the holders of the Bonds. The Issuer hereby appoints Kenny Information Systems, Inc., a subsidiary of J. J. Kenny Co., Inc., as Indexing Agent under the -16-