Common use of Authorization of Issue of Series A Notes Clause in Contracts

Authorization of Issue of Series A Notes. The Company will authorize the issue of its 5.69 % senior promissory notes (the “Series A Notes”) in the aggregate principal amount of $50,000,000, to be dated the date of issue thereof, to mature April 9, 2017, and to be substantially in the form of Exhibit 1.1 attached hereto. The terms “Series A Note” and “Series A Notes” as used herein shall include each Series A Note delivered pursuant to any provision of this Agreement and each Series A Note delivered in substitution or exchange for any other Series A Note pursuant to any such provision.

Authorization of Issue of Series A Notes. The Company will authorize the issue and sale of $75,000,000 aggregate principal amount of its 5.69 6.70% senior promissory notes Series A Senior Notes due August 28, 2016 (the “Series A Notes”) , such term to include any such notes issued in the aggregate principal amount of $50,000,000, substitution therefor pursuant to be dated the date of issue thereof, to mature April 9, 2017, and to Section 13). The Series A Notes shall be substantially in the form of set out in Exhibit 1.1 attached hereto. The terms “Series A Note” and “Series A Notes” as used herein shall include each Series A Note delivered pursuant to any provision of this Agreement and each Series A Note delivered in substitution or exchange for any other Series A Note pursuant to any such provision.1-A.