1981-139 CRA - Laserfiche WebLink

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. . . . . . principal and interest on this Note are 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 Loans contemplated by the Agreements. Without limitation of the foregoing, such re~ult shall be reasonably certain if (a) Bank declines to approve any Loan 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 t.o 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 Chainnan 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 offi cer before the delivery of the Note t.o 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 Note to the Bank. Secti.on 2.05. Transfer of Note. The Note may be transferred by the Holder thereof by endorsing thereon (or on a paper attached thereto) the amount of principal paid there.on as of the date of transfer. Notificati.on of such transfer shall be promptly given t.o 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 N.ote shall become mutilated, 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 up.on surrender to the Agency .of the N.ote s.o mutilated. Every mutilated Note so surrendered to the Agency shall be cancelled by it. If the Note shall be lost, destroyed or stolen, evidem;e 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 N.ote, shall execute and deliver, a new Note of like tenor in lieu of and in substitution for the N.ote s.o lost, destroyed or stolen. The Agency may 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 N.ote alleged to be lost, 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 shall 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