Agenda - Council - 07/12/2022 - Laserfiche WebLink

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of an Event of Default, the Series 2022 Bonds shall bear interest at the Late Payment Rate and, from and after a Determination of Taxability, the Series 2022A Bonds shall bear interest at the Series 2022A Taxable Rate. (e) The Series 2022A Bonds mature in the years and bear interest at the rates set forth in the table below. Series 2022A Bonds Maturity Principal Interest Date Amount Rate (June 1) (f) The Series 2022B Bonds mature in the years and bear interest at the rates set forth below. Series 2022B Bonds Maturity Principal Interest Date Amount Rate (June 1) (g) The principal of and premium, if any, on the Series 2022 Bonds shall be payable in lawful money of the United States of America at the designated corporate trust office of the Trustee in Saint Paul, Minnesota, or of its successor in trust, or at the duly designated office of any paying agents. Payment of interest on any Bond shall be made to such person as is the Registered Owner thereof on the Record Date or the Special Record Date, as the case may be, and shall be paid by check or draft mailed to such person as is the Registered Owner on the Record Date or the Special Record Date, as the case may be, at the Registered Owner's address as it appears on the registration books of the Issuer. Interest shall also be payable by wire transfer to an account in a domestic financial institution designated in writing to the Trustee on or before the appropriate record date, upon request by, and at the expense of, a Registered Owner of at least $1,000,000 in initial aggregate principal amount of the Series 2022 Bonds. (h) The Trustee is hereby designated and agrees to act as Bond Registrar and paying agent for and in respect to the Bonds, including the Series 2022 Bonds. The Issuer hereby agrees 23 735810810