Financing- Trust Agreement - Laserfiche WebLink

Home Browse Search

~ (D) COMPUTATION OF INTEREST; METHOD OF P.41';~1ENT. Interest on the Certificates shall ? be computed on the basis of a 360-day year of tw elve 30-day months; provided Ihar the interest on 3 any series of Additional Certificates may be computed on such other basis as ma}~ be set forth in the ~ Supplemental Agreement authorizing the issuance of such Additional Certificates. ~ 6 Payment of the principal of the Certificates at maturity or upon prior prepayment shall be 7 made only upon presentation and surrender of the Certificate to the Tnistee at its principal corporate 8 trust operations office. Payments of interest on the Certificates shall be made to the re<,~istered 9 Owners thereof (as determined at the close of business on the Record Date next preceding the related -o Certificate Payment Date) by Wire Transfer (if requested in writing of the Trustee by an Ow~ner of 1~ not less than $1,000,000 aggregate principal amount of Certificates not less than five days prior to 12 the applicable Certificate Payment Date) or by check or draft mailed on the Certificate Pavment Date i 3 to the address of each such Owner as it appears on the registration books of the County maintained ~4 by the Triistee as Certificate registrar, or to such other address as may be furnished in writin~ to the ~~ Trustee prior to the applicable Record Date by such registered Owner. Notwithstanding the i b foregoing, payments of the principal of and interest on any Certificates that are subject to the Book- ~ 7 Entry System shall be made in accordance with the rules, regulations and procedures established b~~ l8 DTC in connection with such Book-Entry System. 19 '-~ Payment of the principal of and prepayment premium (if any) on the Certificates shall be ?~ made only upon presentation and surrender of such Certificates on or after the maturitv or ?? prepayment date, as appropriate, at the principal corporate trust operations office of the Trustee. ~; '-~ (E) CERTIFICATE REGISTRAR; TRANSFER ~ND EXCHANGE. EYCept as otherwise provided ?~ below with respect to Certificates subject to the Book-entry System, the provisions of this Section 26 202(E).shall ~overn the transfer and exchange of the Certificates. The books far the registration and 27 for the transfer of the Certificates as provided in this Agreement shall be kept by the Trustee, which 28 is hereby constituted and appointed the registrar of the County with respect to all Certificates iss~ied 2~ hereunder. Ownership of a Certificate may be transferred only upon the registration books 3o maintained by the Tnistee upon presentation and surrender of such Certificate at the principal 3 I corporate trust operations office of the Trustee, or at any office designated in writing by the Trustee, 32 duly endorsed by, or accompanied by a written instrument or instruments of transfer in form 33 satisfactory to the Trustee, and duly executed by, the Owner or such Owner's attornev dulv 34 authorized in writing, whereupon the Trustee shall execute and deliver in the name of the transferee 3 i or transferees a new Certificate or Certificates of the same series, maturity, interest rate and in the 36 same aggre~ate principal amount. Any Certificate may be exchanged for Certificates in other 37 Authorized Denominations in the same aggregate principal amount upon presentation and surrender 38 of such Certificate at the principal corporate trust operations office of the Trustee or at anv office 39 designated in writing by the Trustee. y ~to ~~ The Trustee shall not be required to transfer or eYChange any Certificate during the period ~t? beginning on a Record Date and ending on the following Interest Payment Date for such Certificate ~3 nor to transfer or exchange any Certificate after the mai(ing of notice calling such Certificate for FINANCINC ,4ND TRUST AGREENIENT PAGE 12