Ord 1994-009 - Laserfiche WebLink

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b T/fJ "Record Date" means the last business day of the month next preceding an interest payment date established by the Certificate Resolution. "Register" means a register in which the Issuer shall provide for the registration and transfer of Certificates. "Responsible Officer" when used with respect to the Bank means the Chairman or Vice Chairman of the Board of Directors, the Chairman or Vice Chairman of the Executive Committee of the Board of Directors, the President, any Vice President, the Secretary, any Assistant Secretary, the Treasurer, any Assistant Treasurer, the Cashier, any Assistant Cashier, any Trust Officer or Assistant Trust Officer, or any other officer of the Bank customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. "Stated Maturity" means the date specified in the Certificate Resolution as the fixed date on which the principal of the Certificate is due and payable or the date fixed in accordance with the terms of the Certificate Resolution for redemption of the Certificates, or any portion thereof, prior to the fixed maturity date. ARTICLE THREE PAYING AGENT ~ Section 3.01. Duties of Pavin!:!: A!:!:ent. (a) The Bank, as Paying Agent and on behalf of the Issuer, shall pay to the Owner, at the Stated Maturity and upon the surrender of the Certificate or Certificates so maturing at the Bank Office, the principal amount of the Certificate or Certificates then maturing, provided that the Bank shall have been provided by or on behalf of the Issuer adequate funds to make such payment. (b) The Bank, as Paying Agent and on behalf of the Issuer, shall pay interest when due on the Certificates to each Owner of the Certificates (or their Predecessor Certificates) as shown in the Registrar at the close of business on the Record Date, provided that the Bank shall have been provided by or on behalf of the Issuer adequate funds to make such payments; such payments shall be made by computing the amount of interest to be paid each Owner, preparing the checks, and mailing the checks on each interest payment date addressed to each Owner's address as it appears on the Register. Section 3.02. Pavment Dates. TheIssuer hereby instructs the Bank to pay the principal of and interest on the Certitìcates at the dates specified in the Certificate Resolution. ARTICLE FOUR REGISTRAR Section 4.01. Transfer and Exchan!:!:e. (a) The Issuer shall keep the Register at the Bank Office, and subject to such reasonable written regulations as the Issuer may prescribe, which regulations shall be furnished the Bank herewith or subsequent hereto by Issuer Order, the Issuer shall provide for the SANMAæ,C<»&IDOcs\P AR:27 .~1: IIBBF 3