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<br />(3) if amortization of the Principal Balance <br />had theretofore commenced under paragraph <br />(b) hereof, the Principal Balance shall be <br />payable in equal monthly installments in <br />amounts sufficient to amortize the Prin- <br />cipal Balance over the period ending on the <br />Final Maturity Date, and accrued interest <br />at the increased Taxable Rate shall be <br />payable with each principal installment. <br /> <br />(ii) Following a Determination of Taxability, <br />and upon at least thirty (30) days' advance written notice to <br />the Borrower (or such shorter period of notice as the Borrower <br />may approve), the Holder may declare the entire Principal <br />Balance of this Note together with accrued interest thereon at <br />such retroactively increased Taxable Rate to be immediately due <br />and payable. <br /> <br />(iii) The Holder shall give notice, as soon as <br />practicable, to the Borrower of any Notice of Taxability <br />received by the Holder, as hereinafter defined, and permit the <br />Borrower to contest, litigate or appeal the same at its sole <br />expense. In the event any such contest, litigation or appeal <br />is undertaken, the increased interest provided in paragraph <br />l(c)(i) shall, nevertheless, be payable to the Holder and shall <br />be held by the Holder in escrow (without paying interest <br />thereon) pending final disposition of such contest, litigation <br />or appeal, provided that the Borrower shall indemnify and hold <br />harmless the Holder and each prior Holder from any and all <br />penalties, interest or other liabilities which they may incur <br />on account of such contest, litigation or appeal. <br /> <br />(d) As used herein with initial capital letters, the <br />following terms shall have the following meanings: <br /> <br />"Rate Change Date" means a date on which the Tax <br />Exempt Rate is to be redetermined under paragraph l(a) hereof, <br />as follows: The First (lst) Rate Change Date shall be the date <br />which is ninety (90) days after the date hereof, provided, <br />however, that if such date is not a Banking Day (as hereinafter <br />defined), such Rate Change Date shall be the next succeeding <br />Banking Day. The second (2nd) through fortieth (40th) Rate <br />Change Dates shall be determined in the same manner as the <br />first Payment Date, such that each of said Payment Dates will <br />fall on the Banking Day which coincides with or next succeeds <br />the date which is 90 days after the next preceding Payment <br />Da te . <br /> <br />10 <br />