1983-102 - Laserfiche WebLink

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Bond first was or became taxable anJ the date that such □ond was paid or redee~ej. Such amount shall be held and disbursed by the Trustee as provided in Section 8.4 of the Indenture and shall constitute total compensation due the holders of 3uch 13onds as a result of the occurrence of an Event and in satisfaction of the Borrower's obligations hereunder. The obligation of the Borro~er to pay the amounts required to be paid in this Section 10.2 shall survive the ter- mination of this Agreement. The Borrower shall give prompt written notice to the Issuer and the Trustee of (a) the filing by the Borrower of any supplemental statement and (b) any Event or Determination of •raxability. The Trustee shall, promptly upon learning of a Deter- mination of Taxability (whether or not the same is being contested) cause notice thereof to be given to the Bondholders in the sa,ne manner as is provided in the Indenture for notices of redemption, which notice shall state a redemption date ( the '"rax Redemption Date"") which shall be within 180 days from the occurrence of the Determination of Taxability. The Trustee may, in such notice to Bondholders, make provi~ion for obtaining advice from Bondholders, in such form as shall be deemed appro- priate, respecting relevant assessments ma~e on such Bondholders by the Internal ~evenue Service, so as to be able, if appropri- ate, to verify the existence, present or future, of a Determina- tion of Taxability, On or before the Tax Redemption Date, the Borrower shall pay, in immediately available funds, t.o the Trustee as the balance of the Loan the sums provided for pursuant to this Section, together with any sum due pursuant to any other Section of this Agrcemr.rnt or under the Indenture to be paid prior to the Tax Redemption Date. After the i3orrower's pay:nent of the balance of the Loan and the required notice of redemption having been given under the Indenture, the Trustee shall apply such funds to the redemption of Bonds '1nd to payment to the holdet·s of Bonds on the Tax Redemption Date, all in accordance with the requirements set forth in this Section. -47-