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82000204
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Last modified
3/9/2009 6:28:10 PM
Creation date
2/27/2009 11:48:19 AM
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DEEDS
Inst Number
82000204
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~~._ <br /> <br />as such are defined in Section 103 of <br />the Internal Revenue Code of 1954) by <br />xeason of excessive capital exgendi- <br />tures, a change of` law or any. deter- <br />urination, decision or: decree made in <br />regard to Sectic.~ 103 of tre internal <br />Revenue Code. of 1954, as amend~_d, by <br />thQ Cammissnnex or any: District Dirac- <br />for of Internal Revenue. or by any court <br />of competent jurisdiction; provided, <br />however, should the County, the Company <br />or any related'pexson or any bondholder-, <br />either jointly ox severally, succeed in <br />reversing or setting aside any deter- <br />mination, other than a change in law, <br />or if'two years after the effective <br />date of a c3range of law, the law again <br />provides for. tax exemption on the same <br />terms as now exist, then it will be <br />deemed that the determination of tax- <br />ability had not occurred; in the-event <br />of such determination of ta~rability, <br />the redemption shall be at the pxnci- <br />palamauxit of each Series B Band, plus <br />accrued interest to date of redemption, <br />plus additioral interest on the. princi- <br />palamount of each Series B Bond from <br />the date of taxation to the. date. of <br />redemption at tkae rate of 5~ pear year, <br />plusa redemption premium of 5~ of the <br />principal amount of each Series B Bond.; <br />provided 'further, however, any redemg- <br />tion for such reason on or after ,7anu- <br />axy 15, 1992 shall be at the redemption <br />pzemums provided for in ta? above plus <br />the increased interest. The date of <br />determination shall be the date on <br />which-the date of taxatio:~ is determined <br />to exist. by the United Stags Internal <br />Revenue Service. or b~* any court of com- <br />p~tentjurisdiction. In thee-event of <br />such detexs~ss:nation of taxability., ail. <br />of the Series-A Hands andall of the <br />Series ~=Hands at the time outstanding <br />shall be redeemed and to ttsQ extent <br />that the data fox redemption...os the <br />Series A ~3onds aigla he subs.e,~:ent tc~ <br />the date required herein for redemption <br />cf the Series B Bon3s, the earlier date <br />shall be applicable ascd all of the <br />bonds outstared:rig under the ;+iortgage: <br />and this First. 5upplemexst snal'_ be' <br />redeemed on such: earlier date4 <br />5ec~ion 2. Zn ar3dition to the redemption provisions <br />contained in Section: l above, Series-B Bonds mater>irg on <br />Sa:a~_iary 15 , 199? s:'~a.11 be rPt i red from Basic. Rent payments <br />~ac~e by cr or. behalf of t3'se Company, at a redemption price <br />equal to the principal ar:~ount of the Series B`Bonds to be <br />redee.-red, tagethryr with interest aceruec3 thex~on to the <br />date fwxed for redaxeiptiar., the principal amount c~ such <br />5e z i,y s B Berra s ?>.~e ~; anuar-.r l5 . 3..99 7 tc be redeexaed in each <br />~21.. <br />
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