Laserfiche WebLink
Attachment B <br />Exhibit A, shall have been duly executed by an Authorized Officer of the Fiscal Agent; and such <br />executed certificate of authentication upon the Governmental Note shall be conclusive evidence <br />that the Governmental Note has been duly executed, registered, authenticated, and delivered under <br />this Funding Loan Agreement. <br />Section 2.07 Mutilated, Lost, Stolen or Destroyed Governmental Note. In the event the <br />Governmental Note is mutilated, lost, stolen or destroyed, the Governmental Lender shall execute <br />and the Fiscal Agent shall authenticate a new Governmental Note substantially in the form set <br />forth in Exhibit A in exchange and substitution for and upon cancellation of the mutilated <br />Governmental Note or in lieu of and in substitution for such lost, stolen or destroyed Governmental <br />Note, upon payment by the Funding Lender of any applicable tax or governmental charge and the <br />reasonable expenses and charges of the Governmental Lender and the Fiscal Agent in connection <br />therewith, and in the case where the Governmental Note is lost, stolen or destroyed, the filing with <br />the Fiscal Agent of evidence satisfactory to it that the Governmental Note was lost, stolen or <br />destroyed, and of the ownership thereof, and furnishing the Governmental Lender and the Fiscal <br />Agent with indemnity reasonably satisfactory to both of them which need not be in the form of a <br />third-party surety. In the event where the Governmental Note shall have matured, instead of <br />delivering a new Governmental Note the Governmental Lender may pay the same without <br />surrender thereof. <br />Section 2.08 Registration; Transfer of Funding Loan; Transferee Representations <br />Letter. <br />(a) The Funding Loan shall be fully registered as to principal and interest in the manner <br />and with any additional designation as the Fiscal Agent deems necessary for the purpose of <br />identifying the registered owner thereof. The Funding Loan shall be transferable only on the <br />registration books of the Fiscal Agent. The Fiscal Agent shall maintain books or other records <br />showing the name and date of registration, address and employer identification number of the <br />registered owner of the Funding Loan and any transfers of the Funding Loan as provided herein. <br />The Funding Loan shall initially be registered to \[U.S. Bank National Association, as Custodian <br />by and for the benefit of\] the Initial Funding Lender \[LetÓs discuss this point\], upon the Conversion <br />Date shall be registered to the Freddie Mac Seller/Servicer, and upon the Freddie Mac Purchase <br />Date, shall be registered to Freddie Mac. <br />(b) The Funding Lender shall have the right to sell, assign or otherwise transfer in <br />whole its interest in the Funding Loan or to grant participation interests in the Funding Loan \[in a <br />percentage of not less than twenty-five percent (25%) of the outstanding principal amount of the <br />Funding Loan\] \[LetÓs discuss this point.\]; provided that the Funding Loan may be transferred, or <br />any participation interest therein granted, only to an Ðaccredited investorÑ as that term is defined <br />in Rule 501 of Regulation D under the Securities Act or a Ðqualified institutional buyerÑ as that <br />term is defined under Rule 144A of the Securities Act (such Ðaccredited investorÑ or Ðqualified <br />institutional buyerÑ a Ð Qualified Transferee Ñ) that delivers a letter to the Fiscal Agent <br />substantially in the form attached hereto as Exhibit C setting forth certain representations with <br />respect to such Qualified Transferee (the Ð Transferee Representations Letter Ñ). <br />Notwithstanding the preceding sentence, no Transferee Representations Letter shall be required <br />for the Funding Lender Representative to (i) transfer the Funding Loan to any affiliate or other <br /> 21 <br />12502516v3 <br /> <br />