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This Note is subject to prepayment prior to stated maturity pursuant
<br />to the obligation of the Company to give the Issuer and the Trustee sufficient
<br />notice of such redemption as shall enable the Issuer and the Trustee to take
<br />all action necessary under the Indenture to redeem on the date speqified for
<br />prepayment of a like principal amount of Project Bonds at the same redemption
<br />price. Redemption of this Note prior to stated maturity can occur as follows:
<br />
<br /> 1. This Note is subject to partial mandatory prepayment at a prepay-
<br />ment price of 100 percent of the principal amount prepaid plus interest ac-
<br />crued to the prepayment date, on each June 1 and December 1 from June 1, 1988
<br />to June 1, 2002, inclusive in the following principal amounts:
<br />
<br />Date Amount Date Amount
<br />
<br />June 1, 1988
<br />December 1, 1988
<br />June 1, 1989
<br />December 1, 1989
<br />June 1, 1990
<br />December 1, 1990
<br />June 1, 1991
<br />December 1, 1991
<br />June 1, 1992
<br />December 1, 1992
<br />June 1, 1993
<br />December 1, 1993
<br />June 1, 1994
<br />December 1, 1994
<br />June 1, 1995
<br />
<br />$25,000
<br /> 5,000
<br /> 5,000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10,000
<br /> 15,000
<br /> 15,000
<br /> 15,000
<br /> 15,000
<br />
<br />December 1, 1995
<br />June 1, 1996
<br />December 1, 1996
<br />June 1, 1997
<br />December 1, 1997
<br />June 1, 1998
<br />December 1, 1998
<br />June 1, 1999
<br />December 1, 1999
<br />June 1, 2000
<br />December 1, 2000
<br />June 1, 2001
<br />December 1, 2001
<br />June 1, 2002
<br />
<br />$15,000
<br /> 15,000
<br /> 20,000
<br /> 20,000
<br /> 20,000
<br /> 20,000
<br /> 25,000
<br /> 25,000
<br /> 25,000
<br /> 30,000
<br /> 30,000
<br /> 30,000
<br /> 35,000
<br /> 35,000
<br />
<br />THE FIRST AMENDMENT PERMITS THE PREPAYMENT OF PRINCIPAL ON THE PROJECT BONDS
<br />IN CERTAIN SPECIFIED AMOUNTS WHICH ARE LESS THAN THE AMOUNTS SET FORTH IN THE
<br />SCHEDULE ABOVE; IF PAID IN THE AMOUNTS AND ON THE DATES REQUIRED BY THE FIRST
<br />AMENDMENT, THE PAYMENT OF SUCH LESSER AMOUNTS SHALL NOT CONSTITUTE AN EVENT OF
<br />DEFAULT UNDER THE AGREEMENT OR WITH RESPECT TO THIS NOTE.
<br />
<br /> 2. This Note is subject to extraordinary optional prepayment, at the
<br />option of the Company or the owners of the ]Project Bonds, if events described
<br />in Section 6.1 of the Agreement occur, (a) au any time in whole, or (b) on any
<br />Interest Payment Date (as defined in the Agreement) in part upon condemnation
<br />of part of the Project, as provided in Section 6.2 of the Agreement, in each
<br />case, at a prepayment price of 100 percent of the principal amount prepaid,
<br />plus interest accrued to the prepayment date..
<br />
<br /> 3. This Note is subject to mandatory prepayment upon a Determination
<br />of Taxability, as defined in the Indenture, at a prepa~'ment price equal to 100
<br />percent of the principal amount thereof plus interest accrued to the prepay-
<br />ment date and, except in the case of a Determination of Taxability based upon
<br />a finding that a portion of the interest on the Project Bonds represents a
<br />return on an equity interest in the Project, as defined in the Agreement, an
<br />amount or amounts equal to any penalties, interest, assessments or additions
<br />to tax payable by any Holder of the Project Bonds to any taxing authority as a
<br />result of the loss of tax exempt status of interest on the Project Bonds, at
<br />
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