1981-143 CRA - Laserfiche WebLink

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. . . . . . principal and interest on this N.ote are paid in full. This Note shall also be prepai d if and to the extent that any event sha 11 .occur which makes it reasonably 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 contemplated by the Agreement. Without 1imitati.on of the f.oreg.oing, such result shall be reasonably certain if (a) Bank declines to approve any L.oan or approves any Loan in an amount less than the maximum permitted by the corresponding Agreement or (b) any Agreement or Conmitment, 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 Direct.or 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 N.ote shall nevertheless be as effective as if the officer had remained in office until the delivery of the N.ote to the Bank. Section 2.05. Transfer of Note. The Note may be transferred by the Holder thereof by endorsing thereon (.or (J1 a paper attached thereto) the amount of principal paid thereon as of the date of transfer. N.otification 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 Section 2.07, of the name and address .of the transferee. Section 2.06. Note Mutilated, Lost, Destroyed or Stolen. If the Note shall become mutilated, the Agency, at the expense of the Holder 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 Note so mutilated. Every mutilated Note so surrendered to the Agency shall be cancelled by it. If the Note 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 the 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 may require payment of a sum not exceeding the actual cost of preparing each new N.ote 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 lost, destroyed or stolen shall be entitled to the benefits of this Resolution. Section 2.07. ~ote Re9tis\er. The Agency will keep at its offices, suffic1ent books tor t e reg1s ra 10n and transfer of the N.ote, which shall at all times be open to inspection by the Bank; and, upon presentation f.or such purpose the Agency shall, under such reasonable regulations as it may prescribe, enter on said b.ooks, the names and addresses of the Ho1ders,of the Note following transfer pursuant to Section 2.05. 8