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1 notices and statements to be furnished by the Bank shall be sufficieht if delivered to any such <br /> person at the billing address for the Loan Account shown on the recor s of the Bank. All notices <br /> from the City shall be sent to the Bank at 30 East Main Street Decatur, Illinois 61820, <br /> Attention: . The City waives presentment and notice of dishonor. This <br /> Agreement constitutes the entire understanding of the parties with re pect to the subject matter <br /> hereof and any prior agreements, whether written or oral, with resp ct thereto are superseded <br /> hereby. No amendment or waiver of any provision of this Agreement or the Note, nor consent to <br /> any departure by the City therefrom, shall in any event be effective nless the same shall be in <br /> writing and signed by the Bank. If any part of this Agreement is u enforceable, that will not <br /> make any other part unenforceable. This Agreement shall be govern d by the laws of the State <br /> of Illinois. <br /> 13. Termination of Prior Line of Credit. The Bank currentl extends credit to the City <br /> under a $4,500,000 revolving line of credit, with borrowings thereun er evidenced by a Taxable <br /> General Obligation Line of Credit Note dated October 6, 2006, in th face principal amount of <br /> $4,500,000, and issued pursuant to a Line of Credit Agreement d�ted October 6, 2006 (the <br /> "Prior Line of Credit"). Upon the execution and delivery of this Agreement and the Note called <br /> for hereby, the revolving loan authorization provided for in this Agr�ement shall supercede and <br /> replace the Prior Line of Credit (and the revolving line of credit pr vided for under the Prior <br /> Line of Credit shall terminate) and all loans and advances outstandi g under the Prior Line of <br /> Credit shall be deemed to be the initial Loans outstanding under thi Agreement evidenced by <br /> the Note issued hereunder. <br /> 14. Prepayment of Note. Notwithstanding any other provis on of this Agreement, the <br /> City and the Bank agree that the City will prepay any amount due o the Note to the extent the <br /> same is used to pay for the Conference Center Acquisition (as define in the Ordinance) within <br /> fifteen (15) days of the receipt of the proceeds of the Future Bor owing (as defined in the <br /> Ordinance). <br /> Remainder of this Page Left Intentionall Blank <br /> � <br /> -6- <br />