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of the date of acceleration or prepayment or, if already paid, credited on the principal of the Obligation or, if <br />the principal of the Obligation has been paid, refunded. This provision overrides any conflicting provisions in <br />this and all other instruments concerning the Obligation. <br />In no event may this agreement secure payment of any debt subject to Title IV of the Texas Finance Code or <br />create a lien otherwise prohibited by law. <br />The Term "Note" includes all renewals and extensions of the Notes and all amounts secured by the Notes. <br />Any term defined in Section 1.101 to 11.108 of the Texas Business and Commerce Code and not defined in this <br />agoreement has the meaning given to the term in the Code. <br />PARIS ECONOMIC DEVELOPMENT <br />CORPORATION <br />A Texas Non-Stock, Non-Profit <br />Industrial Development Corporation <br />BY: <br />M. PIKE BURKHART, SR., President <br />Duly Authorized <br />133 <br />