2012_0910_Packet as amended - Laserfiche WebLink

Home

3.Section 5.01.A. of the Loan Agreement is amended by deleting the columns therein in their entirety and replacing them with the following: August 1, 2006 through July 31, 2008 3.00% of the prepaid principal amount August 1, 2008 through July 31, 2010 2.00% of the prepaid principal amount August 1, 2010 through August 31, 2011 1.00% of the prepaid principal amount September 17, 2012 through September 16, 2013 3.00% of the prepaid principal amount September 17, 2013 through September 16, 2014 2.00% of the prepaid principal amount September 17, 2014 through September 16, 2015 1.00% of the prepaid principal amount September 17, 2015 and thereafter 0.50% of the prepaid principal amount 4.Section 5.01.A. of the Loan Agreement is further amended by adding the following at the end thereof: Notwithstanding anything contained herein to the contrary, the Prepayment Fee shall not be applied to any prepayment of the principal under the Note made from insurance proceeds, condemnation proceeds, or proceeds from a sale of the Facilities. 5.Except as herein amended or supplemented all other provisions of the Loan Agreement shall remain in full force and effect. 6.In the event any provision of this Amendment shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 7.This Amendment may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 8.This Amendment shall be governed by and construed in accordance with the laws of the State of Minnesota. 2 4914738v3