1983-102 - Laserfiche WebLink

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(l) All or substantially all of the Project or the ~roject Site shall have been damaged or destroyed and the 3orra~er shall determine that it is not practicable or desirable ~hut ~he ProJect be rebuilt, repaired or restored; or (2) All or substantially all of the Project or the ~rojcct 3ite shall have been condemned or such use or control thereof shall have been taken under eminent domain proceedings so us to render the Project unsatisfactory to the !3orrower for conti~ued operation; or (3) The Borrower reasonably determines that burdens or liabilities shall have been imposed upon the Borrower with respect to tha Project or the operation thereof, for the purposes ~x2resseu in this Agreement, which shall be outside the control of the ~orrower and which shall render such operation uneconomic or unprocit~ble; or (4) 1.'he Borrower reasonably determines that tech- nolo~ical or other changes shall have occurred which shall render t:'le oper.:ition of the Project, for the purposes exr:iressed in this A~reement, uneconomic or unprofitable. The narrower :nust prepay within 180 days after such an •?Vent occurs or such a determination is made and communicated in ·11ritin',} to the Issuer and the •rrustee by the iJorrower, ~hi~never occurs later. (ii) The Note shall be prepaid to the extant of the principal ~mount of any Bon~, interest accrued and to accrue t.her~on to the da~e of redemption thereof, plus any applicable pre~iums or other payments required, as provided in Section 10.2 hereof if there shall have occurred a Determination of Taxability. (iii) Under circumsta.nces other than those set forth in (i) 3n,i (ii) above, at the option of the Borrower, the Note may be prepaill as a whole at any time, or in part on any Installment P;iyment Date, by payment of the portion of the principal amount of the :Jot.e to be prepaid, plus accrued interest to the date fi:<ed Eor prepayment, without premium. (iv) •rhe Note shall be prer,aid as a whole or in part, whichever is ~pplicable, on or prior to the next succeeding September 1, ur:ion exercise by any holders of the 13onds of their option to have their Bonds redeemecl in accordance with the provi- sions of the Indenture, by payment oE the ar:iplicable portion of t.he principal amount of the Note to be prepaid, plus accrue1l interest to the date fixed for prepayment, without premium. {v) The Note shall be prepaid, by transfer of money in the Project Fund to the Rede1nption Account of the Bond Fund as provi:Jed in Section 3.6 hereof, to the extent that the r:irocee·ls of the Oonds shall exceeu the Cost of the Project. -20-