1981-137 CRA - Laserfiche WebLink

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. . . . . . " principal and interest on this Note are paid in full. This Note shall als.o be prepaid if and to the extent that any event shall .occur which makes it reasonably certain that any portion of the principal amount of the i ndebtedness evi denced hereby wi 11 not be used to make one or more of the Loans contemplated by the Agreements. With.out limitation of the foregoing, such result 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 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 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 N.ote. The Note may be transferred by the Holder thereof by endorsing 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 Section 2.07, of the name and address .of the transferee. Section 2.06. Note Mutilated, Lost, Destroyed or Stolen. If the N.ote sha 11 become mut il ated, the Agency, at the expense of the Ho 1 der of the Note, shall execute and deliver, a new N.ote of like tenor in exchange and substitution for the Note so mutilated, but only up.on surrender to the Agency of the Note so muti 1 ated. Every mutil ated 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 Note of like tenor in lieu of and in substitution for the Note s.o l.ost, destroyed or stolen. The Agency may requi re payment of a sum not exceedi ng the actual cost of prepari ng 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 lost, destroyed or stolen shall be entitled to the benefits of this Resolution. Section' 2.07. ~ote Register. The Agency will keep at its offices, sufficlent books for t e reglstratlon 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