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<br />(A) the rate obtained by dividing <br /> <br />(1) the Fixed Certificate of Deposit <br />Rate (as hereinafter defined) for <br />the day on which the Tax Exempt <br />rate is being determined, by <br /> <br />a percentage equal to 100% minus <br />the full reserve requirement per- <br />centage as specified by the Board <br />of Governors of the Federal Reserve <br />System that the Lender determines <br />would be applicable on such day to <br />a certificate of deposit of the <br />Lender in excess of $100,000 and <br />maturing on the next succeeding <br />Rate Change Date (including, <br />without limitation, any marginal, <br />emergency, supplemental, special or <br />other reserves if the Lender, in <br />its sole discretion, determines <br />that it is required to maintain any <br />such reserves on such day), plus <br /> <br />(2) <br /> <br />/ <br /> <br />(B) the then daily net annual assessment rate <br />as estimated by the Lender for determining <br />the current annual assessment payable by <br />the Lender to the Federal Deposit Insurance <br />Corporation for insuring its certificates <br />of deposit maturing on the next succeeding <br />Rate Change Date. <br /> <br />(b) From and after the Call Date through the <br />Final Maturity Date, as hereinafter defined, this Note shall <br />bear interest at a Tax Exempt Rate per annum equal to the Bond <br />Buyer Rate (as hereinafter defined), or if the 20 Bond Index is <br />not published, the Treasury Rate (as hereinafter defined), as <br />determined on the Call Date. Interest only at such Tax Exempt <br />Rate shall be payable on the Payment Date next following the <br />Call Date, and thereafter shall be payable in equal monthly <br />installments of principal and interest payable on each <br />succeeding Payment Date, the amount of each of which shall be <br /> <br />8 <br />