Laserfiche WebLink
ARTICLE II <br />Section 2,1 Principal Amount of the Loan. The Issuer <br />agrees to make and the aorrower agrees to accept and repay a loan <br />in th~ principal amount of ~2,400,000. The loan shall be evi- <br />denced by a Note in the principal amount of $2,400,000 in the <br />form attached hereto as Exhibit "B," The Borrower shall mal<e <br />payments in satisfaction of the Note as hereafter set forth in <br />Section 4,2 and as provided in the Indenture. <br />Section 2.2 Total Loan Payment. The aggregate amount <br />of the Loan Payment to be made by the Borrower in each â–¡and Year <br />shall be the aggregate of the payment for principal (including <br />such Amortization Payments as may be provided in the Indenture}, <br />redemption or other premiums, if any, due on the Outstanding <br />BonJs, plus the interest at the same rate or rates per annum as <br />that paid on the Bonds accruing or becoming due for such Bond Year <br />as provided by t~e Indenture, plus any additional sums which <br />become payable to the Issuer or Trustee under the terms of this <br />Agreement or the Inuenture. <br />Section 2. J Issuance of Supplemental Notes. 'I'he <br />Borrower shall issue Supplement3l ~otes in such principal amounts <br />as shall be necessary to evidence further borrowings from the ?ro- <br />ceeds of any Additional Bonds issued in accord ance with this <br />Agreement. and the Indenture , <br />-15-