6088 - Laserfiche WebLink

Home Browse Search

First, to the satisfaction of all outstanding Annual Deficiencies under this Note and all other Notes executed and delivered pursuant to the Redevelopment Agreement, allocated in accordance with the then outstanding principal balances thereof; Second, to prepayment of principal of this Note and all other such Notes executed and delivered pursuant to the Redevelopment Agreement, allocated in accordance with the then outstanding principal balances thereof, until all such Notes are repaid in full; and Third, to the taxing districts in the Area, as required by law; The Principal Amount of this Note is subject to redemption at the option of the City in whole at any time and in part on any Interest Payment Date at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest to the date of redemption, without premium. Notice of any such redemption shall be sent by registered or certified mail not less than five (5) days nor more than sixty (60) days prior to the date fixed for redemption to the Registered Owner of this Note at the address shown on the registration books of the City maintained by the Registrar or at such other address as is furnished in writing by such Registered Owner to the Registrar. This Note shall be transferable by the Registered Owner hereof or by his/her attorney duly authorized in writing at the principal office of the Registrar but only upon surrender and cancellation of this Note. Upon such transfer a new Note of authorized denomination of the same maturity and for the same aggregate principal amount and bearing the same rate of interest will be issued to the transferee in exchange herefor. The Registrar shall not be required to transfer this Note during the period beginning at the close of business on the fifteenth day of the month immediately prior to the maturity date of this Note nor to transfer this Note after notice calling this Note or a portion hereof for redemption has been mailed, nor during a period of five (5) days next preceding mailing of a notice of redemption of this Note. The right to transfer, assign, or negotiate this Note shall be limited to transfer, assignment, or negotiation to any accredited investor or qualified institutional investor, as such terms are commonly defined from time to time by applicable state and federal securities laws and regulations. -28 - STL-535046