My WebLink
|
Help
|
About
|
Sign Out
Home
res_7660
Roseville
>
City Council
>
City Council Resolutions
>
07xxx
>
7600
>
res_7660
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2007 9:18:44 AM
Creation date
4/25/2005 12:19:20 PM
Metadata
Fields
Template:
Roseville City Council
Document Type
Council Resolutions
Resolution #
7660
Resolution Title
Final Note Resolution; $5,000,000 Industrial Development Revenue Note of 1984, Series C, Advance Circuits, Inc. Project
Resolution Date Passed
10/8/1984
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />7. This Note may be prepaid in whole or in part at <br />any time upon 60 days written advance notice to the Lender <br />without premium. <br /> <br />8. This Note is further subject to prepayment by the <br />City, at any time, without a premium, in whole or in part, upon <br />the occurrence of certain events of damage, destruction or <br />condemnation of the property secured by the Security Agreement <br />as specified in Section 4.31 of the Loan Agreement. Also, if <br />the Borrower receives from the Lender notice of a <br />"Determination of Taxability" as defined in Section 4.07(2) of <br />the Loan Agreement, the Note is subject to prepayment at option <br />of Borrower, provided the Borrower gives at least five days <br />written advance notice to the Lender. This Note is also <br />subject to prepayment to the extent that there are any surplus <br />sums held in the Construction Fund as provided under Section <br />4.9 of the Disbursing Agreement. <br /> <br />9. In the event of prepayment of this Note, the <br />Lender shall apply any such prepayment first against the <br />accrued interest on the Principal Balance and then against the <br />final principal amounts due under the Note. The quarterly <br />payments due under paragraph 1 hereof, shall continue to be due <br />and payable in full until the entire Principal Balance and <br />accrued interest due on this Note have been paid regardless of <br />any partial prepayment made hereunder. <br /> <br />10. As provided in the Resolution and subject to <br />certain limitations set forth therein, this Note is only <br />transferable upon the books of the City at the office of the <br />City Manager, by the Lender in person or by his agent duly <br />authorized in writing, at the Lender's expense, upon surrender <br />hereof together with a written instrument of transfer <br />satisfactory to the City Manager, duly executed by the Lender <br />or his duly authorized agent. Upon such transfer the City <br />Manager will note the date of registration and the name and <br />address of the new registered Lender in the registration blank <br />appearing below. The City may deem and treat the person in <br />whose name the Note is last registered upon the books of the <br />City with such registration noted on the Note, as the absolute <br />owner hereof, whether or not overdue, for the purpose of <br />receiving payment of or on the account, of the Principal <br />Balance, redemption price or interest and for all other <br />purposes, and all such payments so made to the Lender or upon <br />his order shall be valid and effective to satisfy and discharge <br />the liability upon the Note to the extent of the swn or sums so <br />paid, and the City shall not be affected by any notice to the <br />contrary. <br /> <br />10 <br />
The URL can be used to link to this page
Your browser does not support the video tag.