200302132 - Laserfiche WebLink

Browse

200302132 amount of the New Mortgage Bonds of the Credit Agreement (2002) Series that are to be issued and become Outstanding) and the denominator of which is $390,000,000 (the sum of $110,000,000, the aggregate principal amount of the New Mortgage Bonds of the Credit Agreement (2002) Series that are to be issued and become Outstanding, plus $280,000,000, the aggregate principal amount of the Montana Credit Agreement Bonds that are to be issued and become outstanding under the Montana Mortgage simultaneously with the issuance of the New Mortgage Bonds of the Credit Agreement (2002) Series). Pursuant to the Collateral Agreement, the Collateral Agent will famish to the Trustee (with a copy to the Company) as soon as practicable after any change in the Applicable Share, a certificate, signed by a person purporting to be its duly authorized officer, notifying the Trustee of such change in the Applicable Share (an "Applicable Share Certificate "). Each Applicable Share Certificate shall set forth (i) the changed Applicable Share, (ii) the date such change occurred, (iii) the aggregate principal amount of the New Mortgage Bonds of the Credit Agreement (2002) Series then Outstanding, and (iv) the aggregate principal amount of the Montana Credit Agreement Bonds then outstanding under the Montana Mortgage. The Trustee may conclusively presume that the Applicable Share is 28.20512821% unless and until the Trustee receives an Applicable Share Certificate. Following receipt by the Trustee of an Applicable Share Certificate, the Trustee may conclusively presume that the Applicable Share is as set forth in such Applicable Share Certificate unless and until the Trustee receives a subsequent Applicable Share Certificate. New Mortgage Bonds of the Credit Agreement (2002) Series shall mature on December 1, 2006 (the "Maturity Date "), with an installment of principal of the New Mortgage Bonds of the Credit Agreement (2002) Series in an amount equal to $275,000 (said amount representing one quarter of one percent (0.25°/x) of the original aggregate principal amount of the New Mortgage Bonds of the Credit Agreement (2002) Series) being payable on the last Business Day (as hereinafter defined) of each March, June, September and December occurring prior to the Maturity Date, commencing March 31, 2003, and the balance of the principal of the New Mortgage Bonds of the Credit Agreement (2002) Series being payable on the Maturity Date; in each case, unless an equal installment or balance of the principal of the Loans is not due and payable on such Business Day or the Maturity Date, as applicable, in accordance with the Credit Agreement by reason of prior prepayment of the Loans (in which event, there shall be due and payable on the New Mortgage Bonds of the Credit Agreement (2002) Series on such Business Day or on the Maturity Date, as applicable, an amount of principal of said bonds equal to the Applicable Share of the amount of principal of the Loans that is payable on such Business Day or on the Maturity Date, as applicable, in accordance with the Credit Agreement); the unpaid principal amount of the New Mortgage Bonds of the Credit Agreement (2002) Series shall bear interest at one or more variable interest rates per annum which rate or rates for each day shall be equal to the rate or rates per annum borne by the Loans in accordance with the Credit Agreement for such day (calculated in the manner provided in the Credit Agreement for the calculation of interest on the Loans), payable on each day on which interest is payable on the Loans in accordance with the Credit Agreement (and in an amount equal to the Applicable Share of the amount of interest that is payable on the Loans . on such day in accordance with the Credit Agreement) to the Collateral Agent, as the registered owner, without regard to, or W55733939.13