My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
83-152 Ordinance
Document-Host
>
City North Olmsted
>
Legislation
>
1983
>
83-152 Ordinance
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/11/2014 12:36:21 PM
Creation date
12/26/2013 9:40:45 AM
Metadata
Fields
Template:
North Olmsted Legislation
Legislation Number
83-152
Legislation Date
12/20/1983
Year
1983
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
48
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
, . _. ? <br />are determined to be appropriate or necessary by the officers of the <br />Issuer executing the Project Note on behalf of the Issuer, such determi- <br />nation to be conclusively evidenced by the execution thereof) and in <br />such other denominations aggregating the unmatured and unredeemed prin- <br />cipal balance of the Project Note as may subsequently be requested by a <br />Holder and shall bear interest from the date of delivery to the Original <br />Purchaser (which date shall be stated on the face of the Project Note) <br />to March 14, 1989 at the rate of eight and three quarters percent (8 <br />3/4y) per annum and for each subsequent Interest Period at a rate per <br />annum which shall be 175 basis points in excess of the Interest Index <br />determined as of the first Payment Date of each such Interest Period. <br />In each case, the daily interest cost shall be computed (i) from the <br />date hereof to March 14, 1984, inclusive, on the basis of the actual <br />number of days based upon a 360-day year, and (ii) from and after March <br />15, 1984, on the basis of a 30-day month and a 360-day year. The Issuer <br />shall also pay, as additionaY interest (the "Additional Interest"), an <br />amount equal to one percent (1X) of the principal amount of the Project <br />Note. The Additional Interest shall be an additional charge made by the <br />Holder for the use of proceeds of the Project Note and shall not be a <br />charge for any service rendered by the Holder or any other party in <br />connection with the issuance of the Project Note. Notwithstanding the <br />foregoing, in the event that the maximum marginal federal corporate <br />income tax rate as established in Subtitle A, Chapter lA, Part ZI, <br />Section 11 of the Code ("Tax Rate") is either increased or decreased <br />11
The URL can be used to link to this page
Your browser does not support the video tag.