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12316306v3 <br />-16- <br />Trustee shall, at the expense of the Borrower, cause a similar notice to be published at <br />least once in a financial newspaper, but such publication shall not be a condition <br />precedent to the establishment of such Special Record Date. Notice of the proposed <br />payment of such Defaulted Interest and the Special Record Date therefor having been <br />mailed as aforesaid, such Defaulted Interest shall be paid to the persons in whose names <br />the Bonds (or their respective Predecessor Bonds) are registered on such Special Record <br />Date and shall no longer be payable pursuant to the following Subsection B. <br />B.The Trustee may make payment of any Defaulted Interest on the fully <br />registered Bonds of any series in any other lawful manner, if such payment shall be <br />deemed practicable by the Trustee. <br />Subject to the foregoing provisions of this Section, each Bond delivered under this <br />Indenture upon transfer of or in exchange for or in lieu of any other Bond shall carry all the <br />rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond and <br />each such Bond shall bear interest from such date that neither gain nor loss in interest shall result <br />from such transfer, exchange or substitution. <br />Section 2.06 Ownership of Bonds. As to any Bond, the Issuer, the Borrower and the <br />Trustee and their respective successors, each in its discretion, may deem and treat the person in <br />whose name the same for the time being shall be registered, according to the registration records <br />maintained by the Trustee hereunder, as the absolute owner thereof for all purposes and neither <br />the Issuer nor the Trustee nor their respective successors shall be affected by any notice to the <br />contrary. Payment of or on account of the principal of any such Bond shall be made only to or <br />upon the order of the registered owner thereof, but such registration may be changed as above <br />provided. All such payments shall be valid and effectual to satisfy and discharge the liability <br />upon such Bond to the extent of the sum or sums so paid. <br />Section 2.07 Reissuance of Mutilated, Destroyed, Stolen or Lost Bonds. In case any <br />outstanding Bond shall become mutilated or be destroyed, stolen or lost, the Trustee shall <br />authenticate and deliver a new Bond of like tenor, number and amount as the Bond so mutilated, <br />destroyed, stolen or lost, in exchange and substitution for such mutilated Bond, upon surrender <br />of such mutilated Bond or in lieu of and substitution for the Bond destroyed, stolen or lost, upon <br />filing with the Trustee that such Bond has been destroyed, stolen or lost and upon furnishing the <br />Issuer, the Trustee and the Borrower with indemnity satisfactory to them and complying with <br />such other reasonable regulations as the Issuer, the Trustee and the Borrower may establish and <br />payment of any expenses which the Issuer, the Trustee or the Borrower may incur in connection <br />therewith. In the event any such Bond shall have matured, instead of issuing a substitute Bond, <br />the Issuer may pay the same without surrender thereof. <br />Section 2.08 Conditions for Authentication of Series 2020 Bonds. The Trustee shall <br />not authenticate and deliver the Series 2020 Bonds to be issued and delivered pursuant to the <br />Indenture unless theretofore or simultaneously therewith there shall have been delivered to the <br />Trustee the following other than any items required under (g) below: <br />(a)Certified copies of the Bond Resolution.