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Principal on the Bond shall be payable annually on <br /> December 31 , 1985 , and on each December 31 thereafter to and <br /> including December 31 , 1994 , in the following amounts: <br /> Principal Payment Date Principal Payment Amount <br /> December 31 , 1985 $ 50,000 <br /> December 31 , 1986 $216 ,667 <br /> December 31 , 1987 $216 , 667 <br /> December 31 , 1988 $216, 667 <br /> December 31, 1989 5216, 667 <br /> December 31, 1990 $216 ,667 <br /> December 31 , 1991 $216 ,667 <br /> December 31 , 1992 $216 , 667 <br /> December 31 , 1993 $216, 667 <br /> December 31 , 1994 5216 ,664 <br /> The Bond is subject to optional redemption prior to <br /> maturity, in whole or in part, on any Interest Payment Date on <br /> the Bond, in the event of prepayment of the Note in full or in <br /> part by the Borrower as provided by the first paragraph of <br /> Section 6. 1 of the Loan Agreement. The redemption date in any <br /> such event shall be the date set by the Borrower for prepayment <br /> of the Note in accordance with the provisions of such paragraph. <br /> The redemption price in any such event shall be equal to 100� of <br /> the principal balance of the Bond outstanding on the date of <br /> redemption, plus in each case accrued interest to the date fixed <br /> for redemption. <br /> The Bond is also subject to optional redemption in whole in <br /> the event of the exercise by the Borrower of its option to <br /> prepay the Note in full as provided by the fifth paragraph of <br /> Section 6 . 1 of the Loan Agreement, at a redemption price of 100� <br /> of the principal balance of the Bond outstanding on the date of <br /> redemption, plus accrued interest to the redemption date. <br /> The Bond shall also be callable for redemption in whole or <br /> in part, upon occurrence of any of the circumstances which <br /> operate to require prepayment of the Note in whole or in part by <br /> the Borrower in accordance with the provisions of the third <br /> paragraph of Section 6 . 1 and the first and third paragraphs of <br /> Section 6 . 2 of the Loan Agreement. The redemption date in any <br /> of such events shall be the date set by the Borrower (or in <br /> default thereof, by the Trustee) , for the prepayment of the Note <br /> in whole or in part in accordance with the provisions of the <br /> Loan Agreement. The redemption price in any of such events <br /> shall be 1000 of the principal amount of the Bond to be redeemed <br /> on the date of redemption, plus accrued interest to the <br /> redemption date; provided that upon any call for redemption of <br /> the Bond due to a Determination of Taxability, the redemption <br /> price shall be increased by an amount equal to the difference <br /> between (a) (i) the aggregate amount of interest which would have <br /> been payable on the Bond if the interest rate on the Bond, <br /> commer.cing on the date of the Event of Taxability, had been the <br /> 11 <br />