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HomeMy WebLinkAbout0997 _ : ~ - : _ . _ _ ~ ~ _ 1 ~ ~ , . ; , . r ~ - . . r . . _ . , . . - . . . . ~ _ . . F._ , - ' , ' ' . F._ ~ . , . ~~~i - . . - t ~ i: ~ . . . t i ~ . s ' ~ ~ ~ s ~ " ~ . O ° ~ ` ~ ~ F. " ~ 1 c ~ - 6' ~ - _ ! F.~ „~_o~. l ' ~ ' ~ ; ` { .:ti z~ y s r , i ~ - c =,3 - ~ _ ' ~ _ ~w. [ ~ . S t, , _ . t ' ~ { 3 ' k . ~ 1 _ ~ -Y " 2t ~ - + CY`. t1E. ~ : ~ . ~y~ ~ - 2 y. f 1 .Y.. ~°'n~~ ~''i~ x ~ ~ 5, # ~ ~ ~3 4 ~ ~-i s ' - ' ' ct ^ ; ' ? ~~o- _ t .i~rti ' i.o- = *~a~ - - - - cY~..c:~c.x.aL: a.i~:, ++a --1L af~;.:ss: ` . . . . , , ~ ~ ~ ~ , , ~ . ~ . ' . . . . . . ~ . . . ~ ~ . ~ . . ~ - , ? . . . . . . _ . . . . . . . ~ ' . . . . . . . ~ . . .i . . . . . . . . . . . . . ~ ~ ~ ` ~ ~ -~y Stbt'ed Rate, plu$ ib) any penm2ties, interest on past due taxes ox income taxes due oa. ~e~eipt of dny such pen~ltias or inteicest _ ~ the Noteholder during the Tax~?ble.Period, pay~ble by the Y . - - Noteholder to the Internal Rev~nue Service by teason of. such Tax • - - _ . . . . . . . . . . . . . . . . ~ ~ . . ' ' l . - . Viol~tio~.' - (iv) Manner of Adjustment$. The;adjustments prov~de8 for ~ _ ~n Parngraphs (ii) and (iii) shall tie cumulative, but in no_eve~t . • shall the interest rate on tihe Note ~xceed the maximum xate per- mitted by law. The~.above adjustment~ to the interest rate on the - - Note ahall be effectiva on the effective~ da~e of the _applicable _ change in the tax .l~ws or regulatfons ~r,: in the case of a. Tax - - Violation. :durin~ . the Taxnble Period, as de~ined herein. ~ jj Interest o» the Note ar?d all ;other ta~c rates and interest : rates _ are exgressec] as annval rates. Ad)'ustments~which create a ciZ~ ? culatian becau~e the Stated Rate on the Note is affected cular cal ~ by ~:he calcul~tion.shall_be carried-out sequentially, incr~~sing = the Stated Rate nccordinqly in each sucee~sive c~lculation using _ as ttie neW.v~lue the increase in the intereat rate on~the Note, ~ until the Ghan9e on~the Stnted Rate on the Note caused by the , next successive calculntion i~ less than five .hundredtbs of one : . percant {0:05~). - (y) ,Payment of Additional Interest. In the event the Natehalder shall deliver to tbe County, a? written statement " setLing forth the circun~t~?nces requiring an ac3justraet~t fn the " ~ ' -15- = ~ RAF~LOCIE-30}1p,-lb(1~./lb/$7~ ' ~ - .A~:.. _ . , - ~ . : : . . _ : ~.k. . . • :.~ry - - - _ _ ~ _ _ - . ,~a . . , ;i_c~1'.~s~o