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Resolution 3399
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Resolution 3399
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6/2/2017 11:27:00 AM
Creation date
6/2/2017 11:26:29 AM
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Resolutions
Resolution Number
3399
Date
11/21/1990
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DRS233 <br /> 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 <br /> Lease Payments due under that certain Lease by and between the <br /> City and Lessor dated . In accordance with <br /> Section 11. 4 of the Lease, the date of prepayment shall be <br /> , and the principal portion of Lease Payments to <br /> be prepaid on such date is representing the <br /> maturities (or portions thereof) set forth below. On such date, <br /> the City shall pay to Lessor in cash or same-day available funds, <br /> an amount equal to the principal portion of Lease Payments to be <br /> prepaid, together with interest thereon accruing to such date, <br /> together with any other amounts payable under the Lease on such <br /> date. From and after such date, the term of the Lease shall be <br /> shortened in accordance with 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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