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Agreement,at a redemption price equal to par,plus accrued interest,and in the event that <br /> the Determination of Taxability is found to he the caused by an action voluntarily taken <br /> or not taken by the Borrower, at par, plus accrued interest and a premium equal to five <br /> percent(3%)of the principal amount of each Bond redeemed. If the Bonds are redeemed <br /> due to a Determination of Taxability, Bonds shall be redeemed in the following order: <br /> (i) first, the Senior Bonds; and (ii) second. the Subordinate Bonds. <br /> Notice of any such redemption shall be given to the registered owner of each such Bond <br /> by first class mail,addressed to him at his registered address,not earlier than sixty days nor later <br /> than thirty days prior to the date fixed for redemption and shall be published as may be required <br /> by law. In addition, at the request of the Authorized Borrower Representative, notice for any <br /> redemption not occurring as a result of sinking fund redemption or as a mandatory requirement <br /> of the terms of the Bonds, shall include a statement that the redemption so noticed is conditioned <br /> on sufficient funds being held by the Trustee in the Bond Fund or Optional Redemption Fund <br /> on or before noon, Minneapolis time, on the applicable redemption date to pay the full <br /> redemption price, and if at such time the amount so held is not sufficient to pay all amounts <br /> required to effect the noticed redemption in full, the redemption shall be cancelled, with all <br /> Bonds tendered for such redemption being returned to the Holders thereof, and no Event of <br /> Default or liability on the part of the Borrower shall arise as a result of such cancellation. The <br /> Borrower shall pay all extraordinary fees and expenses incurred in connection with a rescinded <br /> call.Upon the happening of the above conditions, Bonds thus called shall not bear interest after <br /> the call date and,except for the purpose of payment. from the funds so deposited, shall no longer <br /> be protected by the Indenture. <br /> This Bond is transferable,as provided in the Indenture,only upon the registration records <br /> kept at the office of the Trustee bythe registered owner hereof in person or b his duly <br /> g <br /> Y <br /> authorized attorney, upon surrender of this Bond for transfer at the office of the Trustee, duly <br /> endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the <br /> Trustee duly executed by the registered owner hereof or his duly authorized attorney, and,upon <br /> payment of any tax, fee or other governmental charge required to be paid with respect to such <br /> transfer, one or more fully registered Bonds of this series of the same principal amount and <br /> interest rate will be issued to the designated transferee or transferees. <br /> The Bonds of this series are issuable only as fully registered bonds without coupons in <br /> denominations of any integral multiple of$5,000 not exceeding the principal amount maturing <br /> in any year. As provided in the Indenture and subject to certain limitations therein set forth,the <br /> Bonds of this series are exchangeable for a like aggregate principal amount of Bonds of this <br /> series of a different authorized denomination, as requested by the registered owner or his duly <br /> authorized attorney upon surrender thereof to the Trustee. <br /> In case an event of default as defined in the Indenture or Loan Agreement occurs,the principal of <br /> this Bond and all other Bonds outstanding may be declared or may become due and payable prior to the <br /> stated maturity hereof in the manner and with the effect and subject to the conditions provided in the <br /> A-5 <br />