RES102003A - Laserfiche WebLink

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The Certificates will bear interest from the date thereof at rates to be determined when the Certificates are sold as hereinafter provided, such Interest Component of Base Rentals represented by the Certificates will be payable semiannually on February 1 and August 1 in each year, beginning on February 1, 2004. Place of Payment. The principal of and interest on the Certificates will be payable in lawful money of the United States of America. The amounts representing principal and prepayment premium, if any, are payable by check or draft at the principal payment office of the Trustee in New York, New York (or at such other office as the Trustee designates). The amounts representing interest are payable to the person in whose name such Certificate is registered in the Register (as definedin the hereinafter referred to Indenture) maintained by the Trustee at the close of business on the 15th day (whether or not a Business Day) ofthe month preceding each Payment Date.~-Such interest shall bepayabte (a) by check or ........ draft mailed by the Trustee to the address of such Registered Owner shown on the Register or (b) in the case of an interest payment to any Registered Owner of $500,000 or more in aggregate principal amount of Certificates, by electronic transfer to such Registered Owner upon written notice given to the Trustee by such Owner, not less than ! 5 days prior to the Record Date for such interest, containing the electronic transfer instructions including the bank (which shall be in the continental United States), ABA routing number and account name and number to which such Registered Owner wishes to have such transfer directed. Optional Prepayment. The Certificates with stated payment dates of February 1, 2013 and thereafter are subject to prepayment on February 1, 2012 and thereafter (1) in whole at any time if the City exercises its option to purchase the Trustee's interest in the Leased Property and deposits an amount sufficient to effect such purchase pursuant to the Lease on the applicable Optional Prepayment Date, or (2) in part on any Payment Date if the City prepays additional Base Rentals pursuant to the Lease. Any prepayment of the Certificates pursuant to this paragraph will be at the Prepayment Price of 100% of the Principal Component of Base Rentals represented thereby, plus the Interest Component of Base Rentals accrued thereon to the Optional Prepayment Date. The Certificates are also subject to extraordinary optional prepayment at any time, in whole but not in part, at a Prepayment Price equal to 100% of the Principal Component of Base Rentals represented thereby plus the Interest Component of Base Rentals accrued thereon to the Optional Prepayment Date, without premium, if the Leased Property is destroyed, stolen, damaged or condemned (other than condemnation by the City or any entity controlled by the City) and is not repaired or replaced, and the City purchases the Trustee's interest in the Leased Property pursuant to the Lease. Optional Term Certificates. A bidder may elect to have all or a portion of the Certificates scheduled to mature in consecutive years issued as term certificates scheduled to mature in the latest of said consecutive years and subject to mandatory prepayment requirements consistent with the schedule of serial maturities set forth above, subject to the following conditions: (1) not less than all Certificates of the same serial maturity shall be converted to term certificates with mandatory prepayment requirements and (2) a bidder shall make such an election by completing the applicable paragraph on the Official Bid Form or including such information in an electronic bid submitted via PARITY®. For purposes of computing the true interest cost (as hereinafter defined) and awarding the Certificates, the maturity of such term certificates shall be treated as if the amounts subject to mandatory sinking fund prepayment are equal to the amounts and mature on the dates currently specified as serial certificates. -2-