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(5) that Bonds may become Serial Bonds and/or Term Bonds maturing <br /> or subject to scheduled mandatory redemption on the first Interest Payment Date in December of <br /> each year, commencing in the next succeeding December after the Fixed Rate Conversion Date. <br /> (d) Conditions to Fixed Rate Conversion. The Fixed Mode will not become <br /> effective unless all conditions precedent thereto have been met and all such Bonds have been <br /> remarketed. <br /> (e) Failure to Satisfy Conditions Precedent to Conversion. If fewer than all of <br /> the Bonds have been remarketed or if any of the foregoing conditions have not been satisfied by <br /> the Fixed Rate Conversion Date, the Fixed Rate shall not take effect and all Bonds shall remain <br /> in the Weekly Mode. <br /> Section 2.11. Interest Rate on Bank Bonds. The rate of interest on each Bank Bond <br /> shall be the Bank Interest Rate for each day from and including the date such Bond becomes a <br /> Bank Bond to, but not including, the date such Bond is paid in full or is remarketed. Bank Bonds <br /> shall not bear interest at the Bank Interest Rate after such Bonds have been remarketed unless <br /> such Bonds shall again become Bank Bonds. <br /> Section 2.12. Form of Bonds. The Bonds shall each be in substantially the following <br /> form, with appropriate or necessary insertions, depending upon the omissions and variations as <br /> permitted or required hereby. If the Bonds are no longer held in fully immobilized form, the <br /> form of the Bonds will be changed to reflect the changes required in connection with the <br /> preparation of certificated Bonds. <br /> -27-- P\CMW\CMW4ZL 11/20/01 <br />