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<br /> Addlti.onal series of i�onds nu�y he fu17.y ret; istcr�:d o,- bearer instrumc�u: s
<br /> wi[h interest cou��ens which , an the casa oE h�arer in, Cn�ment:; m:v he � , � � :� ;- : ,i> .1c a:;
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<br /> to principal unl.y or as r.o t�oth pri�uipal anii in[ eret: t . Aduicional �:� ri ��;; of ��cnd:;
<br /> map be ;iseued in suci � denominaLic,ns anri nay co�it� iii siicii pzovi :sion:: as to ;c-•demption
<br /> and cal.l premium and such otiier Yerms not .in� onsistent with the AcC or tiii� Moit�a�e
<br /> ,•" as tiie Governinn Body may detr.rmine and agree to �nd as are set f. orth .iti a supi�lemeiit
<br /> �� to .this 14ar.tgage esecuted by etie Lessor and cne 1'rustee .
<br /> . ;
<br /> �„ Such ' bonds shaS1 i�e executed subar.antial2y in che io:m ancl : ir�.znner hereinabove
<br /> se[ rortl-i , with . suci� changes as may be nec�ssary or approoriare tn cnntonn to tt�e pro-
<br /> " visiotts :of, the resolution mentioned ahoee , ' u:.d sha;l be �leposiced witii thc '1'riis; tee for
<br /> '" authentication , :but i�efare such oondc shall be authcuticated and del �.vered liy the
<br /> ; ; Trustee -[here sha].1 be filed with the TrusCec�. ttie fol.lowing :
<br /> � (a } a copy , cerclsied by the Lessor ' s C1erY, of tne resolution mentior.ed
<br /> �.` at�ove in xhis Section ;
<br /> (b} a comr , certl 'ried by the Lessor ' S Clerk o � t}7e resolution of ' che Governing
<br /> �1 % Eody awarding sucn }�onds , speci `ying the interest rate ar rates oi such honds and
<br /> ` ' direc[ing _Ehe auLhentication and de1_very af sucii ;�ords to or unon the order oi .ttte
<br /> � ;
<br /> puzchasers therein numed upcn na�-ment oz" tiie purci�ase price therein set io.• th ;
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<br /> ` :' (c ) a statement , signed for and on behalf of che Comnany by .i �s Pzesident
<br /> ' .' .�tnd princinal financial oPficer stating :
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<br /> "' 1 . Ttce Lessor is not then in de£ault under tnis 6:ortgage . �
<br /> ; -' 2 . Ttie Comnanc is nat then :in deiault under. �he Lease .
<br /> 3 , Tiie proceeds of such addicicnal series oi oonds wili be used an1�- for
<br /> the refunding of prior series oi bonds (if tiier. pezaittcd under .he Morigagej ar,dJor
<br /> � the acquisixion or consCruction oi addztiens , e:ctensions or imorovements to xhe Project ,
<br /> £; -loca;;ed with �he State .
<br /> ;,:
<br /> � fi 4 . The Lessor and Chc Compar.v wi11 enter into ar. amendment te the Lease
<br /> providing for additional hasic xen�als in amounts and over � �err.; su� *�icient to ru11v
<br /> pay all princinal and interest sequirements unor, such .,dditional series o : oonds aad
<br /> a � payment of all adc� i�ional taxes , assesswents , insurance pre�aiums .,nd ntner Lees and
<br /> �` espenses incurree b� reason oi suct� additional *=lnancinc . ° _
<br /> u � S . Ti�e cc,mhined averare annual net inccme ce ` ore i.ncose tases {'deternined
<br /> � " Yn accordance wi �n generally acccp �ed nrincinies or accnuntin�; j oi the i:ompany e:iien
<br /> averaged Sor an�: �cao o± � ts Iast �hrec cnr.:nla �ed :iscal sears snalt i;ave oeen not less
<br /> than two times the combined aver� ge annual deo : se'vi.cc reaui -ements cn : iie bands
<br /> r :: lncludinh the aCditional nends nro�osed ;;o oe issueci (nut e•ccliidin; t:;ere: rom debt
<br /> service requirem_ents on ucnds being retirecj toge�her witn de}� ; ser^: cc reauirements
<br /> : on all iundcd debt o ± tne Cucran}� during sucii ueriod . T`i�e cerm "cur.dLd I1eb �" si:nil
<br /> i` = tnean aird include an^ obiiga�ion ( includSn� �11 nutstanc� ing Ir.dustrial Revenue Bcnds )
<br /> � uizh an original r�.:L�urit�,- e:ccaedin� i2 �ccntiis .
<br /> � , fi . T}ie aqFregate n-inclt:al a�ount o : Fuc;ued I?ebt then outstandin,� after
<br /> �
<br /> �'3�'�IIn CrIL' Ct ' t0 � Ilfl 15S113I1L'L' D1 : (}8 1�t�1L1C17II.i SCTlI'S OL I)OIlLjS Stl:il.l TtOC C:iCCI?G� bi .: � � �
<br /> �; of the ne± rorth oi tne Cor..nany fdetemined in a�cordance witn „enerall•,� acceor.ea
<br /> principles of accountin� ar.d on a i:asis consis�ent with tiiose nresent '•; used in
<br /> � � pxepar. atinn of i �s ai;niiai audit j .
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<br /> ( ho �e : Sectior. ''1Ci , ho . 3 ( c ) Items 5 ar.d � inm:edia : e ?c p -ecedin�; e;hall not
<br /> 3Pply �ii . the addition.l bcnds are guaranteed b-; l�c[:ornic {: and � Cornam• , inco�aorate� , �j � � � .
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<br /> 7 . The issuance of addlCianal Geric, of boncis coi11 , in nil -espec �s
<br /> comply aith zhc .1cL and the pro�:i�ians of tiiis l;ortg�gc ,
<br /> £ . Tiie Lessor and tiie .'rustee will entcr inte a surplem.en � -,.c, this
<br /> 1"ortgage a+Itti re.,nect to such addiL' icnal serie� of 't:ai�ds and ro <<ga;;in� an�; Additional
<br /> lmprovements added to Che Pzoject �ut of the nraceeds tiiereo � .
<br /> (d ) a cooy or tlie renort of the i'rolect 2•far.ager se� tin,; ia: th a de;;crintion
<br /> of the hdd± tional 7.rnrovemenL• s for khich sucf� addi � ir,nal i�onds are to i,e issued and ;:� `
<br /> the cte. ign standards ar,d speLificia : ions tur constructinr a: nrovidins <;ucii ,lddi � i.or.al 'fM
<br /> Improvements , nnd giving estimaLes ni : #
<br /> �� 1 . tiie �ate on ktiich ttie C�RSCTllCCjOlI or provision of ,�i�h RciuiL- ionai i�-
<br /> ; Improvements ciill be compieted , ��
<br />°` 2 . the cnst oi GucL :tdditional Icp-ovc-merrts , includln;; ar. amount tor
<br /> - eonLingencies hut exclu�linF; financit�g charFes �r,c; : ntereat rturiu�; con. : ru<� : im� , :u;;i
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