1987-139 - Laserfiche WebLink

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Remarketing Agent on each Adjustment Date shall be in effect from and including such Adjustment Date to but excluding the earlier of (i) the immediately succeeding Adjustment Date and (ii) the immediately succeeding Mandatory Tender Date. So long as the bonds bear interest at the Variable Rate, the amount of such interest will be computed on the basis of the actual number of days elapsed over a year of 365 days (366 days in leap years) and the Interest Payment Dates will be the first Business Day of each month, each Mandatory Tender Date and the maturity date of the Bonds. (b) Fixed Rate. The Fixed Rate borne by the Bonds during any Fixed Rate Period shall be the interest rate determined by the Remarketing Agent on a date selected by it (the "Computation Date") that is at least seven but not more than 15 Business Days before the first day of such Fixed Rate Period (the "Fixed Rate Date"), to be the minimum rate that, in the judgment of the Remarketing Agent, taking into account prevailing market conditions, would enable the Remarketing Agent to sell all of the Bonds on the Fixed Rate Date at a price equal to the principal amount thereof plus accrued interest, if any, thereon; provided, however, that the Fixed Rate borne by the Bonds during andy Fixed Rate Period of six months or longer (a "Long Fixed Rate Period") shall be the minimum rate preliminarily determined for such period in accordance with the Indenture, notice of which is required to be given to the owner of this Bond before the Computation Date if such rate is higher than the rate determined on the Computation Date in accordance with this paragraph; and provided, further that if particular Bonds shall have been selected for redemption from particular Sinking Fund Installments (as defined in the Indenture), the Remarketing Agent may determine a different preliminary and final Fixed Rate for the Bonds to be redeemed from each such Sinking Fund Installment. Notwithstanding the foregoing, with the written consent of the Borrower an National NealthCorp L.P., a Delaware limited partnership, and its successors and assigns, the Fixed Rate determined by the Remarketing Agent on any Computation Date may be determined based upon a higher selling price not exceeding 102% of the aggregate principal amount of the Bonds, plus accrued interest, if any, thereon, if there shall be delivered to the Trustee an opinion of Bond Counsel (as defined in the Indenture) to the effect that the determination of the Fixed Rate on such basis will not adversely affect the excludability from gross income for federal income tax purposes of the interest paid on the Bonds. Each Fixed Rate determined by the Remarketing Agent for any Fixed Rate Period shall remain in effect from and including the Fixed Rate Date on which such Fixed Rate Period commences to and including the last day of such Fixed Rate Period. During any Fixed Rate Period of fewer than six months (a "Short Fixed Rate Period"), the interest payable on the Bonds will be computed on the basis of the actual number of days elapsed over a year of 365 days (366 days in leap years) and during any Long Fixed Rate Period, the interest payable on the Bonds will be computed on the basis of a 360 - day year of twelve 30 -day months. The Interest Payment Dates will be (i) for each Short Fixed Rate Period, the day following the last day of such Fixed Rate Period, (ii) for each Long Fixed Rate Period (other than a Long Fixed Rate Period described in clause (iii) of this sentence), the first day of the calendar month commencing each six calendar month period after A-6