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9 <br />ARTICLE II <br />CONTRACT PAYIVIENTS <br />2.1. Installment Payments. The County will repay the Amount <br />Advanced by making Installment Payments directly to SunTrust in lawful money <br />of the United States at the times and in the amounts set forth in Exhibit B, except <br />as otherwise provided in this Contract. <br />2.2. Additional Payments. The County will pay all Additional <br />Payments on a timely basis directly to the person or entity to which such <br />Additional Payments are owed in .lawful money of the United States. If the County <br />fails to pay any Additional Payment when due, SunTrust may (but will be under no <br />obligation to) pay such Additional Payment. The County agrees to reimburse <br />SunTrust for any such Additional Payment, together with interest thereon at the <br />annual rate of 5.00%. <br />2.3. Prepayment. <br />(a) Prior to June 2017, the County may prepay the outstanding <br />principal component of the Amount Advanced, at its option on any regularly <br />scheduled payment date, in whole but not in part, by paying (i) all Additional <br />Payments then due and payable, (ii) all interest accrued and unpaid to the prepayment <br />date, and (iii) 101.5% of the outstanding principal amount. <br />(b) On and after June , 2017, the County may prepay the outstanding <br />principal component of the Amount Advanced, at .its option on any regularly <br />scheduled payment date, in whole. or in part, by paying (i) all Additional Payments <br />then due and payable, (ii) all interest accrued and unpaid to the prepayment date, and <br />(iii) 100% of the principal amount to be prepaid, without premium. <br />In the case of any partial prepayment, at the County's option, (A) the <br />prepayment shall be applied to outstanding principal components of Installment <br />Payments in inverse order of their maturity, with such prepayment having no affect <br />on the other scheduled dates and amounts of principal components of Installment <br />Payments, or (B) SunTrust will prepare a revised Exhibit B (the schedule of <br />Installment Payments) that re-amortizes the resulting remaining principal balance of <br />the .Amount Advanced over the remaining payment period on substantially the same <br />amortization basis. The County will pay SunTrust an administrative fee of $2,000 for <br />each request for a re-amortization after a partial prepayment. <br />97562v1 9 <br />