83-152 Ordinance - Laserfiche WebLink

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,?..., .? specified, only upon surrender of this Note to the Mortgagee and the issuance by the Issuer, at the request of the Mortgagee of a new instru- ment or instruments to the Holder. This Note is transferable pursuant to the Note Legislation by the Holder only with the surrender of this Note to the Mortgagee and re- issuance by the Issuer to the new Holder or the issuance by the Issuer of a new instrument to the new holder, together with written notice of such transfer given to the Issuer and the Owner; provided, however, that each Holder hereof by its acceptance hereof agrees that it shall not transfer this Note except in compliance with all applicable federal and state securities laws. This Note is subject to prepayment in whole or in part without penalty prior to stated maturity at anytime in the event of exercise by the Owner of its option to prepay the Loan Payments as provided in Sec- tion 8.1 of the Agreement, This Note is also subject to prepayment in whole or in part with- out penalty prior to stated maturity in the event of exercise by the Owner on any Optional Prepayment Date (being April 1 in the years 1989, 1994 and 1999) of its option to prepay the Loan Payments as provided in Section 8.3 of the Agreement. This Note is also subject to prepayment in whole or in part prior to stated maturity in the event of exercise by the Owner of its option to prepay Loan Payments as provided in Section 8.4 of the Agreement, at a prepayanent price (expressed as percentages of the principal amount to be prepaid) determined in each year of any Interest Period as follows: Year of Interest Period First Year Second Year Third Year Fourth Year Fifth Year Prepayment Price 105% 105% 1037 1037: ioox (in each case plus accrued interest to date of pre- payment) This Note is subject to mandatory prepayment (a) in the event a default shall have occurred under the Agreement and the Issuer, with the prior writ[en consent of the Mortgagee, or the Mortgagee acting alone, shall have elected to declare all Loan Payments and Additional Payments immediately due and payable, or (b) in the event the Agreement shall have become void, unenforceable or impossible of performance (other than as provided in Section 6.8 thereof) in accordance with the intent and purposes of the parties as expressed in the Agreement by reason of any changes in the Constitutfon of the State or the Constitution of the United States of America or by reason of legislative or adminietrative action (whether state or federal) or any final decree, judgment or order of any court or administrative body (whether state or federal) entered after the contest thereof by the Issuer or the Owner in good 38