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82002566
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Last modified
3/10/2009 6:29:56 AM
Creation date
2/28/2009 1:13:01 AM
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DEEDS
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82002566
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<br />r <br />82--' tit+25~;~; <br />date, to the Fersons entitled thereto withcut any <br />discrimination or privilege; and <br />TIi1RD - To be held for the payment to the <br />persons: entitled thereto as the same sha1S become <br />due of the principal of and precmium; if any, and <br />interest on tie Bonds which 'may t.ereafter become <br />due ei her at maturity or upon call for redemction-` <br />prior to maturitg and, if the amount available <br />shall not besuffi'cient to pay in _ull Bonds due on <br />any particular dale, together with interest then <br />due and owing thereon, Dayment shah? be made <br />satab y according tc t:~e amount o£ crisicipal due on <br />such date to`the persons entitled thereto without <br />any discrimination or privilege. <br />(b) If the prir_cpal of all the Bonds shall have <br />become due or shall have been declared due and payable, <br />all such moneys hall`be applied first to the payment of <br />the interest then due and unpaid upon the bonds, without <br />preference or priority of any installment of interest <br />over 'any other installment of interest, ;ratably; accord- <br />ing to the amounts due, respectively, for interest; to <br />-the persons entitled thereto without any discrimination <br />or privilege.:; with. interest on overdue `instal ments of <br />:interest or"principal, to the extent permitted by, law, <br />at the mate Payment Rate; and after application of the <br />moneys to'the payment of interest, he balance; if`any, <br />`shall be applied to principal. <br />{c) Zf-the principal of all the Bonds sha11 have <br />been declared due and payable and if such:declaratiors <br />shall thereafter have been .rescinded and' annulled under <br />the provisions of this ?,rt~cle, then, subject to the <br />provisions of Section 9.0${b);hereof, ir. the event-that <br />the,principa of all the Bonds sha11 later become due or <br />be declared due and payable; the moneys shall be applied <br />in accordance wi-th the provsons'of 8ect3or. 9.08(a) <br />hereof. <br />Whenever mar_eys are to be applied pursuant to the pro- <br />visions of this Section; such-moneys sha11 be applied at such <br />times; and from time to time; as Trustee"shall determine, <br />having due regard'to the amount of such moneys available nor <br />application and the likelihood of additional moneys becoming <br />available for such application in-th.. future. "6henever <br />Trustee shall app y such funds, it shall fix the date (wric?~ <br />sha11 be ar_ interest payment date-unless it shall deem <br />another date more'suitable) upon which such applicatior. is to <br />_3g_ <br /> <br />
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