1987-139 - Laserfiche WebLink

Home Browse Search

J XEROX TELECOP i ER 495 212 98b J01)0+ convert the interest rate borne by Bonds of an Issue frau the Variable Rata to a fixed Rate by establishing one or more fixed Rate periods applicable to such Bonds and shall have directed the Registrar and Paying Agent to select Bonds for redemption from particular Sinking Fund Installments occurring during such Fixed Rate Periods and the Company thereafter rescinds such election, the lso be redectionmption of Bonds for redemption shall particular Sinking fundInstallmentsshadll haave ads selected notationfor of redemption froion pa Agent on the such salvation endorsed thereon by the Registrar and Pare �ea�need to the earliest date after such selection on which such Bonds D Registrar end Paying Agent for purchase, endoresment, exchange or transfer, Notice of Redemption The Registrar and Paying Agent shall mail a notice of the redemption of Bonds (other then Credit Facility Bonds) at least 30 days prior to the date named for redemption to the holders of such Bonda or portions of the Bonds to be redeemed, but failure duly to mail any such notice or any defect in such mailing will not affect the validity of any proceedings for the redemption of any other Bonds. Special Acceleration So long as any Credit Facility securing the Bonds of an Issue is in effect and the Credit Facility Provider has not wrongfully failed to honor any demand for funds under the Credit Facility, the due date for the payment of the principal of or Redemption Price of, or interest on such Bonds will b• accelerated within one Business Day from the date on which the Trusts• receives notice from the Credit raciiity Provider stating that the Credit Facility will be terminated in accordance with its terms and demanding the acceleration of such Bonds. Holders of such Bonds will receive no prior notice of the occurrence of the accelerated maturity data, but the Trustee will, on such date, mail notice of the accelerated maturity date to each affected Bondholder, See "Summary of Certain Provisions of the Reimbursement Agreement - 8xpiration and Termination of Letters of Credit" in Appendix D hereto. Remarketing Agent The Company, NHC and Alex. Brown S Sons Incorporated have entered into a Remarketing Agreement dated as of December 1, 1987 (the "Remarketing Agreement"), pursuant to which Alex. Brown & Sons Incorporated has agreed to serve aow■ Remarketing Agent for each issue of Bonds. The principal office of Alex. Brn & Sons Incorporated in New York is located at 14th Floor, 63 Wall Street, New York, Now York. The Remarketing Agent will separately determine the interest rates from time to time borne by bonds of each Issue as described above under "The Bonds - interest." In addition, the Remarketing Agent will use its beat -15-