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Agenda - Council - 07/12/2022
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Agenda - Council - 07/12/2022
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3/14/2025 2:34:08 PM
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7/12/2022 9:10:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/12/2022
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(whether state or federal) or by final decree, judgment or order of any court or <br /> administrative body (whether state or federal) entered after the contest thereof by the <br /> Company in good faith, this Loan Agreement shall have become void or unenforceable or <br /> impossible of performance in accordance with the intent and purposes of the parties as <br /> expressed in this Loan Agreement. <br /> To exercise such option,the Company shall,within sixty(60)days following the event authorizing <br /> or requiring such redemption, give written notice to the Issuer, and the Trustee, and shall specify <br /> therein the date of redeeming the Bonds,which date shall be not less than fifty(50)days nor more <br /> than ninety (90) days from the date such notice is mailed, and shall also make arrangements with <br /> the Trustee pursuant to the provisions of the Indenture for a redemption of all of the Outstanding <br /> Bonds and the giving of the required notice in connection therewith. The amount of money <br /> necessary to be deposited for such redemption shall be the same as in Section 10.1 hereof for <br /> optional prepayment of the loan. <br /> Section 10.3 Relative Position of Options and Indenture. The Company may exercise <br /> any of the options granted to it in this Article at any time, and specifically whether or not an Event <br /> of Default has occurred under this Loan Agreement. <br /> (The remainder of this page is intentionally left blank.) <br /> 41 <br /> 730911770 <br />
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