2017.06.19 CC Packet - Laserfiche WebLink

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Redemption Date Premium June [29], 2017 through June [28], 2018 5% June [29], 2018 through June [28], 2019 1 2% June [29], 2019 through June [28], 2020 June [29], 2020 through June [28], 2021 June [29], 2021 through June [28], 2022 June [29], 2022 and thereafter Notwithstanding anything herein to the contrary, the Bonds may be redeemed in amounts less than Authorized Denominations as required by Section 3.01(b) of the Continuing Covenant Agreement. 3. Section 1.01 of Exhibit A to the Financing Agreement is hereby amended by deleting and replacing the following definition: "Fixed Rate" means a per annum rate of interest equal to 2.54% multiplied by the Margin Rate Factor. 4. Section 1.01 of Exhibit A to the Financing Agreement is hereby amended by adding the following defined terms in the order appropriate: "Margin Rate Factor" means the greater of (a) 1.0, and (b) the product of (i) 1.0 minus the Maximum Federal Corporate Tax Rate multiplied by (ii) 1.53846. The effective date or any change in the Margin Rate Factor shall be the effective date of the decrease of increase (as applicable) in the Maximum Federal Corporate Tax Rate resulting in such change. "Maximum Federal Corporate Tax Rate" means the maximum rate of income taxation imposed on corporations pursuant to Section 11(b) of the Code, as in effect from time to time or, if as a result of a change in the Code the rate of income taxation imposed on corporations generally shall not be applicable to the Purchaser, the maximum statutory rate of federal income taxation which could apply to the Purchaser. 5. Except as herein amended or supplemented all other provisions of the Financing Agreement shall remain in full force and effect. 6. In the event any provision of this Amendment shall be held invalid or unenforceable by any court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision hereof. 2 8329253x3