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<br />If for any reason the interest on this Bond..becomes,includable in the gross income of the
<br />holder oJ this Bond for F~deral income tax purpo,ses (a~ "Event of T~xability"), this Bond shall
<br />bear interest from th~ earliest effective date of such Even\ ofTflxa~ility a~ a rate per annum equal
<br />to the interest rate otherwise borne by this Bond rpultiplied by 1.5247. In addition to the
<br />foregoing, the City I shall, p~y ady additipns to tax, penalt'ie~ and interest, and any arrears in
<br />interest. imposed upoh the holder of this~ Bond on account. of an Event of Taxability: All such
<br />~ddltional, intere~t, a~ditipn~ to ta~ and penalties ~h~ll! b~l~~id ?n Ithe nex~ ~~cceeding Bond
<br />Payment Date JOllOWIllg the date the holder,was advIsed of such Event ofTaxabIhty.
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<br />No Event of Taxability'shall be deemed to occur, unlbss the City has.:been given timely
<br />written notice of ~UG~ o~cuiTerice by the Holder of tl).is 'Bond aiid, to the extent permitted by law,
<br />an opportiui.i!y t~ partic!Rate in and !~eek, at the City'so~h expel}s~, 8; final 'a~ihistrative
<br />determination py the IntemaI Revenue Service 01': det~lll1inatio~ b~, ~_ court 'of c~mp~tent
<br />juqsdiction,€from, whichno~furth.er.right of appeal exists) as tq lthe o'ccurrenc~ 'qf sl,lG.h Event of . _ .
<br />Taxability; provided thaf the pty; lat -its, own expense; idelivers to the Hold~r of this Bond an
<br />opinlori of bond co'unsel acpeptaWe to. such H'older to the" effect that S~Gh' ~ppeal or a~tion for
<br />judicial or a'dministrative review'is not without merit and th~re is a rea~onable 'possibility that 'the'
<br />judgment, order~, ruling or'oeclsion from which. s~ch appeal dr aCtion for judicial of..
<br />administrative review is t~ken will be reversed, vac~ted dr otherwise set aside. '
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<br />The fnthest rat~ borne by I thi~ Bond. sh~ii ~IS6 be adjusted !au!omatical!y ,as of the .
<br />effective date of. anych~ngel in v the Maximum. I Corporate: Tax Rate or. in tpe Pr~(erence -
<br />Reduction Rat_e, to the proquct obtained b:y, multiplyi:t;l!i 'th~ rat,~ of ipthest 'onthe ;Bdnd~ .by a -;
<br />fraction, the 'numerator of which is' equal to, th'e sum of '(i) the product 0"[ the Fully Taxable
<br />Equivall1nt' .tifu~SI 1 I}1inus the "'~1fl~imum Cbrporat~ Tax ~~te in effect as of the. date' of
<br />'}djustment, plus (iir th'e T:EFRA -A-,djustm'ent in effe~t\ .~s :.0/1 t4~. ,da.te of adjustmel)t~ and the
<br />denominator of which ' is.:..equal' to the ~sum, of (i)-the prodiid of the.fully Ta:?C,able Equivalent
<br />times 0.65, plus (ii) the T$FRA Adj~stment' in effect on the date ofissuaqce ofthe Bonqs:' ,
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<br />A certificate of the-Holder, as/to any such,additionat ~mp~nt or~ariiounts, in the a\Jsence of ~.:
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<br />mamfest err~r, shall b.e !final.and~ ~O~clrsIve. In, .deter~Il1nlI~g such' azpount, the Holder may u~e _' .: i 'I
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<br />any reasonaole averagmg'ana attnbutlOil methods. !. I. '
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<br />The principalton this Bond shall be due and payable10n January 1, April,l, July 1 and. I~' .
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<br />O~lob~r'l of e:~ch, year (~~c.h? a "Bond faYn1erit pate';), Degi~ing 09tober 1,.201 O,'through and: ! ~,.! r
<br />'inc1U;ding March 24, '2025j(the '~Matutity Datf'~r(ex~eptlthat! tti(q~st,:p,<iyment~~Vf bell}1atle'on ;~ i i; .
<br />t~y MatUrity;Date)~ in the'~II?bunts s~fforth q:i1 ~he p.ayin.~~t!schedule attatped'heret<J.: I I 1-
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<br />Ip.ter~st..on this Bond! s.hill~ be due anp Pfyabl~ gp each ,BoUd Payment ba'te, b~ginn(~g ~
<br />Oct?be~ 1'12010, thrgl!gh. ~d inG~ud.ing the Maturi~y..J?-.~te:(except that the l~stp,\~ent will b~_ .
<br />mape on the' Maturity Date)~' 'The, entir.e unpaid p'rincjpal'balance, together with, all accrued, and .
<br />~:ppa!ir interest ;her~qn, snall"be due a~d pay~bie in' fulI" bl}' the Maturity; Date. , AI!ipayment~ ~y.-
<br />tJIe, City'pUI:suaqt to tpis -Bond shall apply ,firs~-t6'~ccI1,1ed interest, then to other ,charges due the
<br />,!3~, aqd ih~ ?~lanqe 't4~feof shap app~y to ~qe;p:rinci~al SUIp qu~e. \
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<br />. _ FJ~6~,tW_~ ,(2),B.~sinj~srr;>~y~ WiQf ~i~~I)'n~,t!b~ t~'.the H~I.qer"the9ty I?a~prepax
<br />amounts.owIllg under, thIS Bond at'any tIme and from-tIme to tIme. Such prepaYIVent notIce shall
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