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Payment Date occurs, whether or not such day is a business day. Interest shall be computed on <br />the basis of a 360-day year composed of twelve 30-day months. <br />2.04. Red9t9plion, Bonds maturing on January 15, 2026 and in later years shall be <br />sub ect to redem, tion and re a ent at the o tion of the Cit in whole or in art in such <br />(a) &��. The Regi4= shall keep at its principal corporate trust office a <br />register (the "Bond Register") in which the Registrar shall provide for the registration of <br />ownership of Bonds and the registration of transfers and ® of Bonds entitled to <br />be registered, transferred or exchanged. The term Holder or Bondholder as used herein <br />shall mean the person (whether a natural person, corporation, association, partnership, <br />III fiff .-CAW, trust,6vv unit, or other letal entit�*LivI R A A� <br />Bond Register. <br />M <br />