Laserfiche WebLink
. exempt obligations and other changes in the Code reducing the <br /> yield thereon to the registered owners of the Bonds. <br /> The Bonds are subject to optional redemption or prepay- <br />' ment, as the case may be, but only at the request of the Bor- <br /> rower, in the inverse order of the maturity or due date of the <br /> quarterly principal installment payments thereof, in whole or in <br /> part, in any integral multiple of $100 , 000 on any quarterly <br /> principal payment date on and after December 31 , 1990 at the <br /> redemption or prepayment price of 100� of the principal amount to <br /> be redeemed or prepaid, plus accrued interest, at the applicable <br /> Interest Rate, Overdue Rate or Taxable Rate, as the case may be, <br /> from the last date to which interest has been paid to the date ' <br /> fixed for redemption or prepayment, as the case may be. <br /> If funds otherwise shall become available in the Bond <br /> Fund, and are not otherwise required to be applied to the payment <br /> of Bonds , the Assignee shall, upon written direction of the <br /> Borrower or the Issuer, promptly, but in any event within fifteen <br /> of the Assignee ' s business days from the receipt of such <br /> direction to apply such funds to the prepayment or redemption of <br /> the Bonds at the prepayment or redemption price set forth above. <br /> All principal installments of the Bonds or portions thereof <br /> designated for prepayment or redemption will cease to bear <br /> interest on the specified prepayment or redemption date , provided <br /> funds for their prepayment or redemption are on deposit at the <br /> place of payment at that time. <br /> The principal installments of and interest on the <br /> Bonds shall be payable only to the order of the registered owner <br /> or owners thereof or its or their assigns in lawful money of the <br /> -7- <br />