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12316306v3 <br />-55- <br />ARTICLE X <br />PAYMENT, DEFEASANCE AND RELEASE <br />Section 10.01 Payment and Discharge of Indenture. If the Borrower or the Issuer, its <br />successors or assigns, shall <br />(a)pay or cause to be paid the principal of and premium, if any, and interest on the <br />Bonds at the time and in the manner stipulated therein and herein, or <br />(b)provide for the payment of principal and premium, if any, of the Bonds and <br />interest thereon by depositing with the Trustee at or at any time before maturity amounts <br />sufficient either in cash or in direct obligations of or obligations fully guaranteed as to principal <br />and interest by the United States of America, the principal and interest on which when due and <br />payable (or redeemable at the option of the holder thereof but not at the option of the issuer <br />thereof) and without consideration of any reinvestment thereof shall be sufficient, to pay the <br />entire amount due or to become due thereon for principal and premium, if any, and interest to <br />maturity of all said Bonds outstanding, or <br />(c)deliver to the Trustee (l) proof satisfactory to the Trustee that notice of <br />redemption of all of the outstanding callable Bonds not surrendered or to be surrendered to it for <br />cancellation has been given or waived as provided in Article III hereof, or that arrangements <br />satisfactory to the Trustee have been made insuring that such notice will be given or waived, or <br />(2) a written instrument executed by the Issuer under its official seal and expressed to be <br />irrevocable, authorizing the Trustee to give such notice for and on behalf of the Issuer, or (3) file <br />with the Trustee a waiver of such notice of redemption signed by the holders of all of such <br />outstanding Bonds, and in any such case, deposit with the Trustee before the date on which such <br />Bonds are to be redeemed, as provided in said Article III, the entire amount of the redemption <br />price, including accrued interest and premium, if any, either in cash or direct obligations of or <br />obligations fully guaranteed as to principal and interest by the United States of America (which <br />do not permit the redemption thereof at the option of the issuer) in such aggregate face amount, <br />bearing interest at such rates and maturing at such dates as shall be sufficient to provide for the <br />payment of such redemption price on the date such Bonds are to be redeemed, and on such prior <br />dates when principal of and interest on the outstanding Bonds is due and payable, or <br />(d)surrender to the Trustee for cancellation all Bonds for which payment is not so <br />provided, <br />and shall also pay all other sums due and payable hereunder by the Issuer or the Borrower, <br />provided that if Bonds are to be defeased under either paragraph (b) or (c) above, an opinion of <br />Bond counsel shall be rendered to the Trustee to the effect that the tax-exempt status of interest <br />on the Bonds shall not be impaired thereby, then and in that case, all the Trust Estate shall revert <br />to the Issuer and the Borrower as their interests may appear, and the entire estate, right, title and <br />interest of the Trustee and of the registered owners of the Bonds in respect thereof shall <br />thereupon cease, determine and become void; and the Trustee in such case, upon the cancellation <br />of all Bonds for the payment of which cash or securities shall not have been deposited in <br />accordance with the provisions of this Indenture, shall, upon receipt of a written request of the