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that the interest rate on the Project Bonds shall in no event ever be less than 13.50$ per annum nor more than the maximum per annum rate permitted by Ohio law on the effec- tive date of each Adjustment. The amount of each monthly installment payment due after the Adjustments shall be recamputed by determining the monthly payment necessary to fully amortize the then outstanding principal balance over the then remaining term of the Project Bonds plus 5 years, at the higher rate of interest described above. The provi- sions of this paragraph shall be self-executing without the need for any modification or amendment of the Project Bonds. The term "Formula Rate" as used herein shall mean that rate of interest, determined on the eff ective date of each Ad- justment described above, equal to the immediately preceding twelve (12) week's average yield for twenty (20)-year con- stant maturity U.S. Government Bonds as published by the Federal Reserve System in the Federal Reserve Statistical Release Weekly Summary of Banking and Credit Measures-H.9 (511) (or, if such report is not then published, in the most nearly similar report indicating the rate of such bonds which is then in use and is mutually agreeable to the Bond- holders and the CQmpany). In the event (and only in the event) the interest rate on the Project Bonds is adjusted to an interest rate in excess of 13.50$ per annum, in accord- ance with the provisions of this paragraph, the Company may pre pay the Note in whole (with a corresponding and simul- taneous redemption by the Issuer of the then outstanding Project Bonds) on any Payment Date occurring within 180 days after the effective date of the Adjustment, without premium or penalty, provided notice of the intention to make such prepayment has been given to the Bondholders within sixty . (60) days after the Adjustment; and, provided further, that the Company has deposited with the Bondholders with such notice an amount equal to three percent (3%) of the prin- cipal balance then outstanding on the Note, which deposit shall be returned to the Company or at the option of the Company, credited against the principal balance being pre- paid, only in the event the principal on the Note plus accrued interest is prepaid during the prescribed 180-day period (with a corresponding redemption of the then out- standing Project Bonds); otherwise, such deposit shall be retained by the Bondholders as consideration for this pre- payment option. In the event that the Formula Rate is in excess of the maximum rate then permitted by Ohio law, the Bondholders shall have the option, upon at least 180 days' prior written notice to the.Company to be given by the Bondholders within 60 days after the effective date of the Adjustment, to cause the Issuer to redeem the then outstand- ing Project Bonds without premium or penalty from the pre- payment of a like amount by the Company under the Note. 9