1981-144 CRA - Laserfiche WebLink

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. . , . . principal and interest on this Note a~ paid in full. This Note shall also be prepaid if and to the extent that any event shall occur which makes it reasoably certain that any portion of the principal amount of the indebtedness evidenced hereby will not be used to make one or more of the Loan contelT)lated by the Agreement. Without limitation of the foregoing, such result shall be reasonab ly certa i n if (a) Bank clec 1 i nes to approve any Loan or approves MlY Loan in an amount less than the maximum permitted by the corresponding Agreement or (b) any Agreement or Commitment, as defined in an Agreement, terminates or expires prior to the funding of the Loan contemplated thereby. Section 2.04. Execution of Note. The Note shall be executed on behalf of the Agency by the signature of the Chairman and attested on behalf of the Agency by the signature of the Executive Director or Vice Chairman, and the seal of the Agency shall be impressed thereon. If any officer whose signature appears on the Note ceases to be such officer before the delivery of the Note to the Bank, such signature on the Note shall nevertheless be as effective as if the officer had remained in office until the delivery of the Note to the Bank. Section 2.05. Transfer of Note. The Note may be transferred by the Ho 1 der thereof by endors i ng thereon (or on a paper attached thereto) the amount of principal paid thereon as of the date of transfer. Notification of such transfer shall be promptly given to the Agency for entry upon the books required to be kept by the Agency pursuant to the provisions of Secti.on 2.07. of the name and address of the transferee. Section 2.06. Note Mutilated, Lost, Destroyed or Stolen. If the Note shall become muti lated, the Agency, at the expense of the owner of the Note, shall execute and deliver. a new Note .of like tenor in exchange and substitution for the Note so mutilated, but only upon surrender to the Agency of the N.ote so mutilated. Every mutilated Note so surrendered to the Agency shall be cancelled by it. If the N.ote shall be lost, destroyed or stolen, evidence of such loss, destruction or theft may be submitted to the Agency, and, if such evidence is satisfactory to the Agency and indemnity satisfactory to thè Agency is given, the Agency, at the expense of the owner of the Note, shall execute and deliver, a new N.ote .of like tenor in lieu of and in substitution for the Note so lost, destroyed or stolen. The Agency IIIðY require payment of a sum not exceeding the actual cost of preparing each new Note issued under this Section and of the expenses which may be incurred by the Agency. Any Note issued under the provisions of this Section in lieu of any Note alleged to be l.ost, destroyed or stolen shall be entitled to the benefits of this Resolution. Section 2.07. Note Register. The Agency will keep at its offices, sufficient books for the registration and transfer of the Note, which shan at all times be open to inspection by the Bank; and, upon presentation for such purpose the Agency shall, under such reasonable regulations as it may prescribe, enter on said books. the names and addresses of the Holders of the Note following transfer pursuant to Section 2.05. 8