NOTE AND PAYMENTS. Section 4.01. Execution and Delivery of Note to Trustee
NOTE AND PAYMENTS. Section 4.01. Execution and Delivery of Note to Trustee. Concurrently with the authentication by the Trustee and delivery by the Authority of the Bonds and in order to evidence the obligation of the Company to the Authority to repay the Bonds, the Authority hereby directs the Company, and the Company hereby agrees, to execute and deliver to the Trustee its Note, duly and validly executed and delivered, relating to the Bonds. The Note shall be in substantially the form attached hereto as Exhibit A with only such changes to such form as may be approved by the Authority. Thereafter, the Company shall be obligated to make the Note Payments, constituting payments of principal of, and premium, if any, and interest on the Note, and the Additional Payments required by this Participation Agreement. Such obligations shall terminate on the date when the Note has been paid in full. The Note may be prepaid in accordance with Section 4.04 hereof. Upon payment or provision for payment in full of all amounts payable or to become payable under the Note, the Trustee shall cancel the Note and deliver the same to the Company. Provision for payment in full of all amounts payable or to become payable under the Note shall be deemed to have occurred upon receipt by the Trustee of written notice from the Authority acknowledging that the Company has satisfied its obligations to the Authority under the Note. The Authority agrees to deliver such written notice to the Trustee promptly when such provision for payment in full has been made.
NOTE AND PAYMENTS. Section 4.01. Execution and Delivery of Note to Trustee 8 Section 4.02. Payments Payable; Note Payments; Additional Payments 8 Section 4.03. Notice to Pay; Medium of Payment; Acceleration 10 Section 4.04. Prepayment of Note Payments 10 Section 4.05. Company’s Payments as Trust Funds 11 Section 4.06. Absolute Obligation to Make Payments 11 Section 4.07. Assignment of Authority’s Rights 12 Section 4.08. Actions with Respect to or by or on behalf of the Authority under the Indenture 13 Section 4.09. Agreements of Company relating to Support Facilities 13 Section 4.10. Compensation of Trustee and Paying Agents 13 Section 4.11. Project not Security for Bonds 14 Section 4.12. Payment of Taxes and Assessments; No Liens or Charges 14 Section 4.13. Company to Pay Attorneys’ Fees and Disbursements 14 Section 4.14. No Abatement of Administration Fees and Other Charges 14 ARTICLE V
NOTE AND PAYMENTS. Section 4.01. Execution and Delivery of Note to Trustee 12 Section 4.02. Payments Payable; Note Payments; Additional Payments 12 Section 4.03. Notice to Pay; Medium of Payment; Acceleration 14 Section 4.04. Prepayment of Note Payments 14 Section 4.05. Company’s Payments as Trust Funds 15 Section 4.06. Absolute Obligation to Make Payments 15 Section 4.07. Assignment of Authority’s Rights 16
NOTE AND PAYMENTS. 4 3.2 Interest and Principal Payments; Voluntary Commitment Reductions............. 4 3.3
NOTE AND PAYMENTS. (a) Principal Debt under the Facility shall be evidenced by the Note, payable to Lender in the stated principal amount of the Committed Sum.
NOTE AND PAYMENTS. 5 Section 4.01 Execution and Delivery of Note to Trustee..................................................................................5 Section 4.02 Payments Payable; Note Payments; Additional Payments................................................................ 6 Section 4.03 Notice to Pay; Medium of Payment; Acceleration..............................................................................8 Section 4.04 Prepayment of Note Payments.............................................................................................................8 Section 4.05 Company's Payments as Trust Funds..................................................................................................9 Exhibit 4.2.1 Section 4.06 Absolute Obligation to Make Payments ...........................................................................................9 Section 4.07 Assignment of Authority's Rights.....................................................................................................10 Section 4.08 Actions with Respect to or by or on behalf of the Authority under the Indenture.......................11 Section 4.09 Agreements of Company relating to Support Facilities...................................................................11 Section 4.10 Project not Security for Bonds.......................................................................................................12 Section 4.11 Payment of Taxes and Assessments; No Liens or Charges...............................................................12 Section 4.12 Company to Pay Attorneys' Fees and Disbursements......................................................................12 Section 4.13 No Abatement of Administration Fees and Other Charges...............................................................12
NOTE AND PAYMENTS. (a) The Principal Debt shall be evidenced by the Notes.
NOTE AND PAYMENTS. As soon as practicable under the circumstances (which sometimes may be after a draw under the Standby Letter of Credit is honored by the Bank) the Bank will make an attempt to notify telephonically the appropriate Company (Xxxxxx, TDI or Interstate) that it has received a demand for a draw under the Standby Letter of Credit and in any event the Bank will notify the Company forthwith after a draw under the Standby Letter of Credit is honored by the Bank. Upon demand, all payments by the Companies to the Bank with respect to the Standby Letters of Credit shall be made in lawful currency of the United States in immediately available funds at the Bank's office at 127 Public Square, Cleveland, Ohio. In the event that the date specified for any payment is not a business day, such payment shall be made not later than the next following business day and interest shall be paid at the rate provided for in this Agreement on any such payment. Obligations of Companies to Bank shall be evidenced by the Note or any ledger or other record of the Bank, which shall be presumptive evidence of the principal owing and unpaid on the Note.
