BIL 091 Draft 01 2012-2014 - Laserfiche WebLink

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EXHIBIT A [FORM OF BOND] UNITED STATES OF AMERICA COUNTY OF HAWAII STATE OF HAWAII PUBLIC IMPROVEMENT BOND, [SERIES DESIGNATION] Dated: , 2013 Interest Rate: % Final Maturity: , 20 The COUNTY OF HAWAII, State of Hawaii (hereinafter called the "County"), for value received, hereby promises to pay to the United States of America, United States Department of Agriculture Rural Development("USDA"),or registered assigns,as Registered Holder (a)on 1 in each of the years set forth in the following Maturity Schedule,the principal installment amount (each, a"Principal Installment Amount")that is obtained by multiplying the amount set forth in such Maturity Schedule opposite such year by the Aggregate Funding Percentage(as hereinafter defined), and(b) semiannually on 1 and 1 in each year, commencing on 1, 20 , interest on each Loan Advance(as hereinafter defined)from the date such Loan Advance is funded and received by the County until the payment of all Principal Installment Amounts shall be made or provided for in full, at the rate specified above. MATURITY SCHEDULE Maturity Maturity Maturity Date Date Date ( 1) Amount ( 1) Amount ( 1) Amount All Principal Installment Amounts and interest thereon,except the last Principal Installment Amount and interest thereon, shall be paid by check or draft mailed or by wire sent to the Registered Holder at the Registered Holder's address or account as it appears on the Bond Register kept pursuant to the proceedings authorizing this bond or otherwise as agreed upon by the County and the Registered Holder. The last Principal Installment Amount and interest thereon shall be payable upon presentation and surrender of this bond at the office of , Paying Agent,in , or at the office of any successor Paying Agent appointed from time to time by the County. All amounts due hereunder shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts. A-1