2026-35 An Ordinance Authorizing the Issuance and Sale of Revenue Bonds (Millikin University), Series 2026A of the City of Decatur, Macon County, Illinois, in an Aggregate Principal Amount not to Exceed $18,000,000; Authorizing the Execution

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requirements of the Borrower's other existing indebtedness,and to make all payments on the Series 2026A Note and under this Loan Agreement when due in accordance with their terms. ARTICLE III PREPAYMENT OF NOTES Section 3.01. Prepayment Generally. No prepayment of the Series 2026A Note may be made except to the extent and in the manner expressly permitted by this Loan Agreement. Section 3.02. Optional Prepayment of the Series 2026A Note. The Borrower may, at its option, prepay the Series 2026A Note in whole or in part to provide for the redemption of all or a portion of the Series 2026A Bonds when the Series 2026A Bonds are subject to redemption pursuant to Section 5.01(b) of the Indenture. The Borrower may also, at its option, prepay either of the Series 2026A Note, in whole or in part, in connection with the provision for payment of all or a portion of the Series 2026A Bonds pursuant to Article XI of the Indenture and Article VII of this Loan Agreement. Any prepayment of less than the full unpaid principal amount of either of the Series 2026A Note made pursuant to this Section 3.02 shall be applied to the installments of principal thereon corresponding to the principal payments on the related series of the Series 2026A Bonds redeemed or to be redeemed with the proceeds of such prepayment or with respect to which provision for payment is being made pursuant to Article XI of the Indenture and Article VII hereof. Section 3.03. Notice of Prepayment. The Borrower shall give the City and the Trustee not less than 35 days' prior written notice of any prepayment of the Series 2026A Note(or such lesser number of days as are agreed to by the City and the Trustee),which notice shall designate the date of prepayment and the amount thereof and direct the redemption of the Series 2026A Bonds in the amounts corresponding to the amount of the Series 2026 Note to be prepaid. Any such notice made in connection with the redemption of the Series 2026A Bonds shall be revocable by the Borrower at any time prior to the date on which the Trustee mails the redemption notice to Bondholders as provided in Section 5.02 of the Indenture. Section 3.04. Effect of Partial Prepayment. Upon any partial prepayment of the Series 2026A Note, each installment of interest which shall thereafter be payable on such Series 2026A Note shall be reduced, taking into account the interest rate or rates on the Series 2026A Bonds remaining Outstanding after the redemption of such Series 2026A Bonds or the provision for payment of such Series 2026A Bonds from the proceeds of such partial prepayment, so that the interest remaining payable on such Series 2026A Note shall be sufficient to pay the interest on such Outstanding Series 2026A Bonds when due. -22-