LIN - ACQUISITION DOCUMENTS - Laserfiche WebLink

D. Maturity Date: The time at which payment of the principal amount shall be due, namely December 31, 1995, if either of the following contingencies have not occurred: (1) an agreement between LIN and the Dublin San Ramon Services District ("DSRSD") has not been executed regarding the supply of water to certain properties of LIN; or-(2) if CITY and DSRSD have not entered into a Joint Use Agreement, as both agreements are contemplated and described in the Memorandum of Understanding ("MOU") executed by the City of Pleasanton, DSRSD and LIN on December 161 1991, and attached hereto and incorporated by reference as Exhibit "A", (see, Sections II F, III and IV of the MOU) and as described in the Acquisition Agreement entered into between LIN and CITY, and attached hereto and incorporated by reference as Exhibit "B" (see, Sections 2.1 - 2.4). E. Property: That certain real property described in Exhibit "C", which is the consideration given by LIN to Maker under this Note, pursuant to the terms of an Acquisition Agreement entered into between the parties, dated July 21, 1992, attached hereto as Exhibit "D". F. Land Value/Principal Amount: The land value, and thus the principal amount herein, agreed to for the purposes of this Note shall be subject to modification- as provided in Section 2.5 of the Acquisition Agreement. 2. Interest Rate and Payments. A. Interest Rate. The Contract Rate shall be equal to five and one-half percent (5 1/2%) per annum. B. Payments. Payments under this Note during the Term shall be made as follows: e:\L-p\Hn\docs\prcxnise.nte (9/16/92) 2