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32-89 Hospital Improvement Revenue Bonds $36 mil
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32-89 Hospital Improvement Revenue Bonds $36 mil
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Last modified
5/14/2013 3:06:42 PM
Creation date
9/5/2003 12:16:23 PM
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Office Of Council
Document Type
Ordinances
Date
9/5/2003
Date Adopted
6/5/1989
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Record Date (the "Special Record Date") for the payment of such <br />Defaulted Interest, which shall be not more than fifteen (15) nor <br />fewer than ten (10) days prior to the date of the proposed payment <br />and not fewer than ten (10) days after the Trustee's receipt of <br />such moneys. The Trustee shall promptly notify the Issuer and <br />Lessee of such Special Record Date and, in the name and at the <br />expense of the Issuer, shall cause notice of the proposed payment <br />of such Defaulted Interest and the Special Record Date therefor to <br />be mailed, first class postage prepaid, to each Series One Bond- <br />holder at his address as it appears on the registration books <br />hereafter provided for, not fewer than ten (10) days prior to such <br />Special Record Date, but such mailing shall not be a condition <br />precedent to such payment, and any failure to mail any such notice <br />shall not affect the.validity of the proceedings for the payment of <br />such Defaulted Interest. Such Defaulted Interest shall be paid by <br />check or draft mailed by the Trustee to the person in whose name <br />that Series One Bond or any Successor Series One Bond is registered <br />on the registration books for the Series One Bonds at the close of <br />business on the Special Record Date. <br /> <br /> (v) Notwithstanding anything to the contrary in the <br />Indenture, including the First Supplemental Indenture and the First <br />Supplemental Bond Legislation, or in the Series One Bonds, the <br />Trustee, with the approval of the Lessee, may, enter into an agree- <br />ment with any Holder of any Series One Bond providing for making <br />all payments to that Holder of the principal of and the interest <br />and any premium on such Series One Bond (other than the payment of <br />its entire unpaid principal amount) at a place and in a manner <br />(including without limitation, by wire transfer of federal funds) <br />other than as provided above in this Subsection (c), but satis- <br />factory to the Trustee and the Lessee; provided, however, that <br />payment of principal and any premium shall be made only to the <br />person in whose name such,Series One Bond shall be registered on <br />the registration books on the date on which such principal and <br />premium are due, and payment of interest shall be made only to the <br />person in whose name such Series One Bond or any Predecessor Series <br />One Bond shall have been registered at the close of business on the <br />applicable Regular Record Date or Special Record Date, as the case <br />may be~ The Trustee shall furnish to the Issuer and the Lessee a <br />certified copy of any agreement entered into pursuant to this <br />Paragraph (v) of this Subsection (c). Any payment of principal, <br />premium or interest pursuant to and in accordance with such an <br />agreement shall constitute payment thereof pursuant to, and for all <br />purposes of, the Indenture. <br /> <br /> (d) Maturities. The Series One Bonds shall mature on the <br />Principal Retirement Dates for the Series One Bonds and in accordance <br />with the Principal Retirement Schedule for the Series One Bonds as <br />specified in the Certificate of Award for the Series One Bonds. <br /> <br /> (e) Redemption (Mandatory and Optional) Terms and Prices. <br />The Series One Bonds are non-callable for redemption prior to the <br />Optional Earliest Redemption Date for the Series One Bonds, except as <br /> <br />-16- <br /> <br /> <br />
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