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, � <br /> . <br /> is paid or duly provided for. The "Outstanding Principal Amount" is that amount, not to exceed <br /> the Face Amount of this Note as set forth above, shown as advanced i the amounts from time to <br /> time and received by the City for value, as is noted on this Note in the form of Advances for <br /> Value hereon, less payments of principal hereon. The Dated Date ereof is the first date on <br /> which the Outstanding Principal Amount equals not less than the sum�of$50,000. The principal <br /> of this Note is payable in lawful money of the United States of America upon presentation hereof � <br /> to the City of Decatur, Illinois. Interest shall be paid by check or draf of the City, payable upon II' <br /> presentation in lawful money of the United States of America or by lectronic funds transfer as i <br /> may be agreed by the Director of Financial Management of the City a d the Noteholder. I�i <br /> The "Variable Rate" means 67 percent of 30-day LIBO plus 225 basis points. I� <br /> "LIBOR" means, for each interest period, the rate per annum (rounde upwards, if necessary, to <br /> the next higher one hundred-thousandth of a percentage point) for de osits in U.S. Dollars for a <br /> period equal to such interest period, which appears on the Telerate P ge 3750 as of 11:00 a.m. <br /> (London, England time) on the day two (2) Business Days before the commencement of such <br /> interest period. "Telerate Page 3750" means the display designate as "Page 3750" on the <br /> Dow Jones Telerate Service (or such other page as may replace Pa e 3750 on that service or <br /> such other service as may be nominated by the British Bankers' Ass ciation as the information <br /> vendor for the purpose of displaying British Bankers' Association In rest Settlement Rates for <br /> U.S. Dollar deposits). <br /> Notwithstanding the foregoing, no Tax-Exempt Note or Taxa le Note shall bear interest <br /> at a rate exceeding 12% or 17°Io, respectively. <br /> Reference is hereby made to the further provisions of this No e set forth on the reverse <br /> hereof, and such further provisions shall for all purposes have the sa e effect as if set forth at <br /> this place. I', <br /> -12- <br />