83-152 Ordinance - Laserfiche WebLink

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This Note may be exchanged pursuant to the Note Legislation by the Aolder for fully registered Notes of the same series of any denom- ination or denominations authorized by the applicable Note Legislation, in an aggregate principal amount not exceeding the unmatured and unre- deemed principal amount of this Note, and bearing interest as herein 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 on2y 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 applicab2e 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 prepayment 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 lOSX lOSx 103% 103% i oox (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 written 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 38