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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$10,000. 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 30-day LIBOR plus 225 basis points <br /> and for the one hundred and twenty(120) months after the Draw Period up to the maturity of the <br /> Note, 30-day LIBOR plus basis points. The "Draw Period"means the six (6) month period <br /> following the Dated Date, as such is defined in Section 4 of the Ordinance. "LIBOR"means, for <br /> each interest period, the rate per annum (rounded upwards, if necessary, to the next higher one <br /> hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such <br /> interest period, which appears on the Telerate Page 3750 as of 11:00 a.m. (London, England <br /> time) on the day two (2) Business Days before the commencement of such interest period. <br /> "Telerate Page 3750" means the display designated as "Page 3750" on the Dow Jones Telerate <br /> Service (or such other page as may replace Page 3750 on that service or such other service as <br /> may be nominated by the British Bankers' Association as the information vendor for the purpose <br /> of displaying British Bankers' Association Interest Settlement Rates for U.S. Dollar deposits). <br /> Notwithstanding the foregoing, no Note shall bear interest at a rate exceeding 15%. <br /> Reference is hereby made to the further provisions of this Note set forth on the reverse <br /> hereof, and such further provisions shall for all purposes have the same effect as if set forth at this <br /> place. <br /> -11- <br />