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Ordinance 1818-91
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Ordinance 1818-91
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5/9/2017 10:46:32 AM
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5/9/2017 10:45:59 AM
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Ordinances
Ordinance Number
1818-91
Date
10/2/1991
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EXHIBIT D <br /> FORM OF NOTICE OF ELECTION TO PARTIALLY PREPAY LEASE PAYMENTS <br /> [date] <br /> To: Lessor <br /> You are hereby notified that the City of Everett, Washington <br /> has elected to exercise its option to prepay a portion of the Lease <br /> Payments due under that certain Amended and Restated Lease (the <br /> //Lease") by and between the City and Lessor dated <br /> . In accordance with Section 11.4 of the Lease, <br /> the date of prepayment shall be , and the principal <br /> portion of Lease Payments to be prepaid on such date is <br /> , representing the maturities (or portions <br /> thereof) set forth below. On such date, the City shall pay to <br /> Lessor in cash or same-day available funds, an amount equal to the <br /> principal portion of Lease Payments to be prepaid, together with <br /> interest thereon accruing to such date, together with any other <br /> amounts payable under the Lease on such date. From and after such <br /> date, the term of the Lease shall be shortened in accordance with <br /> Section 11. 4 to terminate on <br /> City of Everett, Washington <br /> By <br /> Authorized Representative <br /> Schedule of Principal Component of Lease Payments <br /> to be Prepaid <br /> Date Principal Component Amount of Principal <br /> Due Component to be Prepaid* <br /> *Principal may be prepaid only in increments of $5, 000. <br /> D-1 <br />
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