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13068670v2 <br /> <br /> <br />52 <br /> <br />ARTICLE X <br /> <br />PAYMENT, DEFEASANCE AND RELEASE <br />Section 10.01 Payment and Discharge of Indenture. If the Corporation 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 <br />the 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 <br />principal and interest by the United States of America, the principal and interest on which <br />when due and payable (or redeemable at the option of the holder thereof but not at the <br />option of the issuer thereof) and without consideration of any reinvestment thereof shall be <br />sufficient as verified in a report furnished by an independent certified public accountant, <br />to pay the entire amount due or to become due thereon for principal and premium, if any, <br />and interest to 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 <br />it for cancellation has been given or waived as provided in Article III hereof, or that <br />arrangements satisfactory to the Trustee have been made insuring that such notice will be <br />given or waived, or (2) a written instrument executed by the Issuer under its official seal <br />and expressed to be irrevocable, authorizing the Trustee to give such notice for and on <br />behalf of the Issuer, or (3) file with the Trustee a waiver of such notice of redemption <br />signed by the holders of all of such outstanding Bonds, and in any such case, deposit with <br />the Trustee before the date on which such Bonds are to be redeemed, as provided in said <br />Article III, the entire amount of the redemption price, including accrued interest and <br />premium, if any, either in cash or direct obligations of or obligations fully guaranteed as to <br />principal and interest by the United States of America (which do not permit the redemption <br />thereof at the option of the issuer) in such aggregate face amount, bearing interest at such <br />rates and maturing at such dates as shall be sufficient as verified in a report furnished by <br />an independent certified public accountant to provide for the payment of such redemption <br />price on the date such Bonds are to be redeemed, and on such prior dates when principal <br />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 <br />so provided, <br />and shall also pay all other sums due and payable hereunder by the Issuer or the Corporation, <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 Corporation 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 thereupon