Laserfiche WebLink
<br />"Predecessor Bonds" of any particular Bond means every previous Bond <br />evidencing all or a portion of the same obligation as that evidenced by such <br />particular Bond (and, for the purposes of this definition, any Bond registered and <br />delivered under Section 4.06 in lieu of a mutilated, lost, destroyed or stolen Bond <br />shall be deemed to evidence the same obligation as the mutilated, lost, destroyed or <br />stolen Bond). <br /> <br />"Record Date" means the 15th day of the month next preceeding an interest <br />payment established by the Bond Resolution. <br /> <br />"Register" means a register in which the Issuer shall provide for the <br />registration and transfer of Bonds. <br /> <br />"Responsible Officer" when used with respect to the Bank means the <br />Chairman or Vice-Chairman of the Board of Directors, the Chairman or Vice- <br />Chairman of the Executive Committee of the Board of Directors, the President, any <br />Vice President, the Secretary, any Assistant Secretary, the Treasurer, any Assistant <br />Treasurer, the Cashier, any Assistant Cashier, any Trust Officer or Assistant Trust <br />Officer, or any other officer of the Bank customarily performing functions similar <br />to those performed by any of the above designated officers and also means, with <br />respect to a particular corporate trust matter, any other officer to whom such <br />matter is referred because of his knowledge of and familiarity with the particular <br />subject. <br /> <br />"Stated Maturity" means the date specified in the Bond Resolution as the <br />fixed date on which the principal of the Bond is due and payable or the date fixed in <br />accordance with the terms of the Bond Resolution for redemption of the Bonds, or <br />any portion thereof, prior to the fixed maturity date. <br /> <br />ARTICLE THREE <br />PAYING AGENT <br /> <br />Section 3.01. Duties of Paying A~ent. (a) The Bank, as Paying Agent and on <br />behalf of the Issuer, shall pay to the Owner at the Stated Maturity and upon the <br />surrender of the Bond or Bonds so maturing at the Bank Office, the principal amount <br />of the Bond or Bonds then maturing, provided that the Bank shall have been provided <br />by or on behalf of the Issuer adequate funds to make such payment. <br /> <br />(b) The Bank, as Paying Agent and on behalf of the Issuer, shan pay when <br />due interest on the Bond or Bonds, such payment to be made by computing the <br />amount of interest to be paid each Owner, preparing the checks and mailing the <br />checks on the payment date, to the Owners of the Bonds (or their Predecessor <br />Bonds) on the Record Date, addressed to their address appearing on the Register, <br />provided that the Bank shall have been provided by or on behalf of the Issuer <br />adequate funds to make such payment. <br /> <br />-3- <br />