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84-88 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF AN ECONOMIC DEVELOPMENT PROJECT (CONTINENTAL CARBONIC PRODUCTS, INC.)
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84-88 PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR OF AN ECONOMIC DEVELOPMENT PROJECT (CONTINENTAL CARBONIC PRODUCTS, INC.)
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8/30/2016 9:58:03 AM
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8/30/2016 9:58:01 AM
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Resolution/Ordinance
Res Ord Num
84-88
Res Ord Title
PROVIDING FOR THE FINANCING BY THE CITY OF DECATUR, ILLINOIS OF AN ECONOMIC DEVELOPMENT PROJECT IN ORDER THAT CONTINENTAL CARBONIC PRODUCTS, INC. MAY BE PROVIDED WITH FACILITIES TO ENCOURAGE DEVELOPMENT OF THE MUNICIPALITY...
Approved Date
12/17/1984
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"Note Payments" means any and all payments of principal of <br /> and interest and repayment premiums, if any, on the Note. <br /> "Original Purchaser" means the Marine Bank of Springfield, <br /> a State of Illinois banking corporation. <br /> "Outstanding Bond" or "Bond outstanding" or "outstandir_Q" <br /> as pa p il ed to the Bond, means, as of any date, any Bond <br /> which has been authenticated and delivered, or is then <br /> being delivered, by the Trustee under the Indenture except: <br /> (a) Anv Bond surrendered and replaced upon exchange or <br /> transfer, or cancelled because of payment or redemption, at <br /> or prior to such date; <br /> (b) Any Bond for the payment, redemption or purchase for <br /> cancellation of which sufficient moneys have been deposited <br /> prior to such date with the Trustee (whether upon or prior <br /> to the maturity or redemption date of any such Bond) , or <br /> which is deemed to have been paid and discharged pursuant <br /> to the provisions of Section 8. 02 of the Indenture; <br /> provided that if such Bond is to be redeemed prior to the <br /> maturity date thereof, notice of such redemption shall have <br /> been given or arrangements satisfactory to the Trustee <br /> shall have been made therefor, or waiver of such notice <br /> satisfactory in form to the Trustee shall have been filed <br /> with the Trustee; and <br /> (c) Any Bond in lieu of which another has been <br /> authenticated (or payment, when due, of which is made <br /> without replacement) under Section 2. 04 of the Indenture; <br /> and also except that <br /> (d) For the purpose of determining whether the holder of <br /> the Bond has made or concurred in anv notice, request, <br /> demand, direction, consent, approval, order, waiver, <br /> acceptance, appointment or other instrument or <br /> communication under or pursuant to this Indenture, the Bond <br /> owned by or for the account of the Borrower shall be <br /> disregarded and deemed to be not outstanding. <br /> "Paymer.t in Full of the Bond" means the first date when the <br /> Bond is no longer deemed to be outstanding pursuant to <br /> Section 8. 02 of the Indenture. <br /> "Person" means natural persons , firms , associations , <br /> corporations and public bodies. <br /> "PledQed Receipts" means (a) the Note Payments, (b) subiect <br /> to the provisions of Sections 3. 04 , 4 . 02 nd 8 . 02 of the <br /> Indenture with respect to the Trustee holding moneys for <br /> the benefit of anv Bond holder, all other moneys received <br /> by the Issuer, or the Trustee for the account of the <br /> Issuer, in respect of the Agreement or tr.e Project, except <br /> 7 <br />
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