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received by the City for value, as is noted on the Note in the form of Advances for Value thereon, <br /> less payments of principal thereof. � <br /> The Note shall mature on the date which is sixty (60) months after the Dated Date of such <br /> Note subject to the right of optional prior redemption hereinafter stated. Except as provided in <br /> Sections 19 and 20 hereof, each Note shall bear interest at the Variable Rate, from the later of its <br /> Dated Date as herein provided or from the most recent interest payment date to which interest has <br /> been paid or duly provided for, until the principal amount of such Note is paid or duly provided <br /> for, such interest (computed upon the basis of actual days (365/366) elapsed over a 360-day year) <br /> being payable monthly and at maturity. Notwithstanding the foregoing, no Tax-Exempt Note or <br /> Taxable Note shall ever bear interest at a rate exceeding 12% or 17%, respectively. Interest on <br /> each Note shall be paid by check or draft of the City, payable upon presentation thereof in lawful <br /> money of the United States of America, or by electronic funds transfer as may be agreed by the <br /> Director of Financial Management and the Bank. The principal of the Note shall be payable in <br /> lawful money of the United States of America upon presentation thereof to the City. <br /> It is hereby expressly found and determined that the Note does not mature on a date which <br /> is later than December 31 of the year in which the payment to the City Treasurer as provided in <br /> subsection (b) of Section 11-74.4-8 of the TIF Act is to be made with respect to ad valorem taxes <br /> levied in the later of (a) the twenty-third calendar year in which the ordinance designating the <br /> Area was adopted or(b) such later date established in the TIF Act. <br /> The Note shall be registered in the name of and deposited with the Bank. <br /> Section S. Execution; Authentication. The Note shall be executed on behalf of the City <br /> by the manual or facsimile signature of the Mayor, and attested by the manual or facsimile <br /> signature of its City Clerk, as they may determine, and shall have impressed or imprinted thereon <br /> the corporate seal or facsimile thereof of the City. In case any such officer whose signature shall <br /> -x- <br />