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1 � I <br /> duly provided for. The "Outstanding Principal Amount" is that amount, not to exceed the Face <br /> Amount of this Note as set forth above, shown as advanced in the amounts from time to time and <br /> received by the City for value, as is noted on this Note in the form of Advances for Value hereon, <br /> less payments of principal hereon. The Dated Date hereof is the first date on which the <br /> Outstanding Principal Amount equals not less than the sum of$50,000. The principal of this Note <br /> is payable in lawful money of the United States of America upon presentation hereof to the City <br /> of Decatur, Illinois. Interest shall be paid by check or draft of the City, payable upon presentation <br /> in lawful money of the United States of America or by electronic funds transfer as may be agreed <br /> by the Director of Financial Management of the City and the Noteholder. <br /> The "Variable Rate" means during the Draw Period 68 percent of 30-day LIBOR plus <br /> 225 basis points and for the thirty-six (36) months after the Draw Period up to the maturity of the <br /> Note, 68 percent of 30-day LIBOR plus 225 basis points. The "Draw Period" means the <br /> twenty-four (24) month period following the Dated Date, as such is defined in Section 4 of the <br /> Ordinance. "LIBOR" means, for each interest period, the rate per annum (rounded upwards, if <br /> necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in <br /> U.S. Dollars for a period equal to such interest period, which appears on the Telerate Page 3750 <br /> as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the <br /> commencement of such interest period. "Telerate Page 3750" means the display designated as <br /> "Page 3750" on the Dow Jones Telerate Service (or such other page as may replace Page 3750 <br /> on that service or such other service as may be nominated by the British Bankers' Association as <br /> the information vendor for the purpose of displaying British Bankers' Association Interest <br /> Settlement Rates for U.S. Dollar deposits). <br /> Notwithstanding the foregoing, no Tax-Exempt Note or Taxable Note shall bear interest <br /> at a rate exceeding 12% or 17%, respectively. <br /> -XVl- <br />