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83-152 Ordinance
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83-152 Ordinance
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Last modified
1/11/2014 12:36:21 PM
Creation date
12/26/2013 9:40:45 AM
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North Olmsted Legislation
Legislation Number
83-152
Legislation Date
12/20/1983
Year
1983
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• ' . «?,, <br />revenues for the fulfillment of any of the terms, conditions or obliga- <br />tions of the Note Documents, the Note Legislation or any of the Notes. <br />Except as otherwise provided in the Note Legislation, each Note <br />delivered prior to the first Payment Date shall be dated as specified in <br />the Note Legislation and shall bear interest from such date; otherwise <br />each Note shall be dated as of its date of delivery and shall bear <br />interest from the Payment Date next preceding or coinciding with its <br />date of delivery to which interest on such Note has been fully paid, <br />provided that if no interest has been paid on such Note, it shall bear <br />interest from the date from which the Notes delivered prior to the first <br />Payment Date bear interest. <br />Unless otherwise provided in the applicable Note Legislation, any <br />Note, upon surrender thereof at the office of the Mortgagee, together <br />with an assignment duly executed by the registered holder or its duly <br />suthorized attorney in such form as shall be satisfactory to the Mortga- <br />gee, may, at the option of the registered holder thereof, be exchanged <br />for fully registered Notes of the same series of any denomination or <br />denominations authorized by the applicable Note Legislation, in the <br />aggregate principal amount not exceeding the unmatured and unredeemed <br />principal amount of such Note, and hearing interest at the same rate and <br />maturing on the same date or dates. Upon the exchange of any such Note <br />and on request of the Mortgagee, the Issuer shall execute and deliver, <br />in the name of the person making the exchange, a new fully registered <br />Note or Notes of the same serfes, of any denomination or denominations <br />permitted by the applicable Note Legislation, in aggregate principal <br />amount equal to the unmatured and unredeemed principal amount of such <br />20
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