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<br />ii:a"tUCIi?y d? cltl?? ?:J_eEl? dt: ??22 ?);1CE'.S ;iK?t fUrt't]. f?ElU`rl (r:{pYF',?SE'C] dS <br />c1 p°i'C:iltcZye of t:i1P_ pY'1i1C1pc7l %tfi1C)i.1nt- T=C-C32ei:1t'(?) PlUSr 1C1 2c1C'1"1 <br />C<.?S'?', c3CcY'llGd i.ilt-eic;>t- tC? thE' d<li?'. of re-(aPiniOi'iQll Ofl tPe <br />outstarlc;inq p;_ incir,al. ba':;;ice of tr2 Project Bond so prepaid, <br />p:covideci that tne C'o;npar,y sha? 1 have y.iven i.hi_rty (30) days' <br />i r io_ ?;ir.i t ten no?: ice oF i rs inr?en i?: ion ro ore.pay ?.-n? Loan to the <br />Holdr-,- ( t}ie following schpdu:ln oi and prices beiny <br />he-::eina,"'tF_ r?.ferrec] ro as the "Rei.ieinption Schedule"): <br />REU??:t`iP??'ION ??'}.;1?IO?? REVEMpTT(:)N PRICt; <br />arcr 1, 1987 tcit:-ouyh rebrtzary 28, 1982 105% <br />?'.arch 1, 19 82 throuyh Ff:?1) c- uar- y 28, 1 93; 104 ; <br />?•?a ri;n 1, 1983 thr ouyh February 29, 1984 103% <br />%Ia, c1-1 1, "1984 through Fub;f uary 28, 19?5 102Q <br /><«:t?c'i: 11 19?3`_"i thtough Fe;Dr'Lt??ty 2..8, 19c3o 141% <br />Mar cr, 1, 1986 and thereaEi_er 100116 <br />I <br />tAn1- such preuaymt,nt snall be appl.ied to unpaid pr_incipal <br />?nsta:.lmen..s in the inverse ordea= uE rnatur_ ity. <br />'I'he Proj ect Bond sha'L1 'ae subj ect to matidator_y redempt ion <br />by tho Yssuer_ in wholA orl Mar.ch 1, 1986 or_ thereafter, at the <br />op,`.ion o-il: the Holder. `1'he riolde:-'s iignt to require the <br />OC tCl? Pro:ject BOT]d aS aCC)res:l1C:l shc"1l1 be eXE.';"C.1Sed <br />b'_v t'::;=: c;ivincj of wr. it?en riatice of tt? c7.ec?-io?i of such (:)pii_o;l <br />t C 1:i'1e !SSLl?Z' aCiC3 ti7E' CC)iitp:tIlyl YliA Id?.e?Y tlicZii S:L}: ( i ? tl15 <br />,_:,): i or tv the date on which t.ie lIoldet elects to havo the Project <br />Po;rid so redeerned. Upon r?:;;eip'C of such notice, the Issu?r <br />shall, fro?r, the Plec3?jed RECeipts, rede`m the Project Bond on the <br />redemption date, at the redemption pr_-ice of 100% of the <br />outstar.ding principal balance o; the ProjPCt Bond, p1.us accrued <br />interest to such date. In the evEnt of such electicn by the <br />holder, Cornpany shall have the sole optien of extet7ding the <br />maturity date of the Project. Bond for up to £ive (5) additional <br />years by the payinent of an annual fee to the Holder of <br />*10,000.00 per year for each yeur the maturity date i5 extended, <br />which annual fee!3 sha11 be considered as additional interest.. <br />This optian to extend the matur_ity date shall be exercised by <br />pay,nei7t of the annual fee by the Company not later than one <br />hundrPd fifty (150) days after the Halder has given written <br />notice of this election to accelerate, ar.d in subsequent years, <br />shall be exercised by pay,nent o,_ the annual fee by the Co:npany <br />on the anniversary date of the first such payment. This optioQ <br />to extend the maturity date may not be erercised by the Compar.y <br />so as to exl-.end the maturity date beycnd the tenth (10th) year <br />aft2r the Cor,r,7etion Date . <br />If there is aFiral- Ueter,ai.narion, as tiereinafter ctefined, <br />th? Project Bond shal]. be rede(-?m`d by the Issuer wi.thin sixty <br />8