Agenda - Council - 08/13/2013 - Laserfiche WebLink

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charges provided in the Indenture, and upon surrender and cancellation of this bond. Upon such transfer a new registered Bond or Bonds of the same series, date, interest rate and maturity and of authorized denomination or denominations for the same aggregate principal amount will be issued to the transferee in exchange therefor. The Issuer and the Trustee and any paying agents may deem and treat the Registered Owner hereof as the absolute owner hereof (whether or not this bond shall be overdue) for the purpose of receiving payment of or on account of principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Issuer nor the Trustee shall be affected by any notice to the contrary. The Bonds shall be callable at any time upon the occurrence of any of the following: (1) the Schoolhouse or any portion thereof is damaged or destroyed or taken in a condemnation proceeding to which Section 5.2(b) of the Loan Agreement is applicable, or (2) the Company shall exercise its option to purchase the Schoolhouse as provided in Section 9.2 of the Loan Agreement or (3) upon acceleration because of an Event of Default. If called for redemption at any time for the reasons stated in clauses (1), (2) or (3) above, the Bonds shall be subject to redemption by the Issuer at any time in whole or (in the case of redemption pursuant to Section 5.2(b) of the Loan Agreement) in such manner as the Company may direct, less than all of such Bonds of a single maturity to be selected randomly in such manner as the Trustee may determine, such redemption to be at a redemption price of 100% of the principal amount thereof plus accrued interest to the redemption date. The Bonds and the Series A Bonds shall be redeemed upon a Determination of Taxability, in whole but not in part, within 30 days after the date of the Determination of Taxability and at a redemption price equal to 100% of the principal amount of the Bonds and 103% of the principal amount of the Series A Bonds, plus accrued interest to the redemption date. The Bonds are subject to mandatory sinking fund redemption prior to maturity, and are to be redeemed randomly or such other manner as the Trustee may determine, at 100% of the principal amount thereof plus accrued interest to the date of redemption, on the following dates and in the following principal amounts: Bonds Maturing 1, 201 Redemption Date Principal ( 1) Amount *Final Maturity At the option of the Company, to be exercised by facsimile transmission not less than 45 days next proceeding any sinking fund redemption date of a written certificate to the Trustee, the Company may (i) deliver to the Trustee for cancellation Bonds in an aggregate principal amount desired by the Company or (ii) specify a principal amount of Bonds which, prior to said date, have been redeemed (otherwise than through mandatory redemption) and canceled by the Trustee and not theretofore applied as a credit against any sinking fund redemption obligation. Each such Bond so delivered or previously redeemed shall be credited by the Trustee at 100% of the principal amount against the obligation of the Issuer on such mandatory sinking fund redemption date, and any excess shall be so credited against future sinking fund redemption obligations on such Bonds in chronological order. In the event the Company B-3 5600797v I