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. as hereinafter provided and defined. Interest hereon shall be <br /> computed based upon a year of 360 days and the actual number of <br /> days elapsed. In any event, on December 31 , 1997 (the "Maturity <br /> Date" ) all of the principal sum hereof and interest hereon not <br /> previously paid shall mature and become due and payable. For all <br /> purposes hereof: "Interest Rate" means a rate of interest per <br /> annum equal to seventy-five percent (75$) of the prime rate <br /> established as such from time to time by National Westminster <br /> Bank USA, with its principal office in New York, New York (the <br /> "Prime Rate" ) , which rate of interest shall change as the Prime <br /> Rate changes, provided, however, that for the first year this <br /> Bond shall bear interest at such Interest Rate plus one and <br /> one-half percent (1. 5�) per annum; "Overdue Rate" means the Prime <br /> Rate as in effect from time to time plus four percent (4�) per ' <br /> annum; and "Taxable Rate" means the Prime Rate in effect from i <br /> time to time plus two percent (2�) per annum. <br /> In the event that prior to maturity of this Bond, there '� <br /> shall be a change or changes (increase or decrease) in the I <br /> Effective Corporate Tax Rate [That is, the highest aggregate <br /> federal corporate rate of taxation (expressed as a decimal) <br /> imposed upon the income of corporations (including national <br /> banking associations and state banking corporations) , as <br /> presently established in Subtitle A, Chapter lA, Part II, Section <br /> 11 of the Internal Revenue Code of 1954 , as amended (the <br /> "Code") . ] so that such Effective Corporate Tax Rate is less than <br /> 46� , and the registered owner of this Bond is a corporation that <br /> could be so affected, then for the affected time period the <br /> interest rate hereon shall be adjusted to equal 1 . 39 times the <br /> -13- <br />