8D Consent 2007 0416 - Laserfiche WebLink

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Term Certificates Maturing November 1, 20_ Prepayment Date (November 1) Principal Amount of Term Certificates To Be Paid The Term Certificates maturing on November 1, 20_, are also subject to mandatory sinking fund payment by lot on November 1 in each year beginning November 1, 20_, from the principal components of the Lease Payments required to be paid with respect to each of such dates, at a prepayment price equal to 100% of the principal amount to be prepaid, together with accrued interest represented thereby to the prepayment date, without premium, as follows: Term Certificates Maturing November 1,20_ Prepayment Date (November 1) Principal Amount of Term Certificates To Be Paid Notwithstanding the foregoing provisions, in the event that some but not all of the Term Certificates have been prepaid pursuant to optional or mandatory sinking fund prepayment, the aggregate principal amount of such Term Certificates to be prepaid in each year thereafter shall be reduced by the aggregate principal amount of such Term Certificates so prepaid, to be allocated among sinking fund installments on a pro rata basis as directed by the City in integral multiples of $5,000 such that the resulting amount of principal represented by such Term Certificates subject to prepayment on any date is equal to the aggregate principal components of the Lease Payments coming due and payable on such date. Selection of Certificates for Prepayment. Whenever less than all Outstanding Certificates are called for prepayment, the Trustee shall select Certificates for prepayment among maturities in any manner as directed by the City, and by lot within a maturity. For the purposes of such selection, Certificates shall be deemed to be composed of $5,000 portions, and any such portion may be separately prepaid. Notice of Prepayment. While the Certificates are subject to OTC's book-entry system, the Trustee will be required to give notice of prepayment only to OTC as provided in the letter of representations executed by the City and received and accepted by OTC. OTC and the Participants will have sole responsibility for providing any such notice of prepayment to the beneficial owners of the Certificates to be prepaid. Any failure of OTC to notify any Participant, or any failure of Participants to notify the Beneficial Owner of any Certificates to be prepaid, of a notice of prepayment or its content or effect will not affect the validity of the notice of prepayment, or alter the effect of prepayment described below under "-Effect of Prepayment." -7-