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paid without presentation of this Bond, and may make a notation <br />on the panel provided herein of such redemption, stating the <br />amount so redeemed, or may return the Bond to the Bond Registrar <br />in exchange for a new Bond in the proper principal amount. Such <br />notation, if made by the Holder, shall be for reference only, and <br />may not be relied upon by any other person as being in any way <br />determinative of the principal amount of this Bond outstanding, <br />unless the Bond Registrar has signed the appropriate column of <br />the panel. Interest on this Bond will be paid on each Interest <br />Payment Date by check or draft in next day funds or its <br />equivalent mailed (or by wire transfer in immediately available <br />funds -if payment in such form is necessary to meet the timing <br />requirements below) to the person in whose name this Bond is <br />registered (the "Holder" or "Bondholder") on the registration <br />books of the Issuer maintained by the Bond Registrar and at the <br />address appearing thereon at the close of business on the <br />fifteenth calendar day preceding such Interest Payment Date (the <br />"Regular Record Date"). Any interest not so timely paid shall <br />cease to be payable to the person who is the Holder hereof as of <br />the Regular Record Date, and shall be payable to the person who <br />is the Holder hereof at the close of business on a date (the <br />"Special Record Date") fixed by the Bond Registrar whenever money <br />becomes available for payment of the defaulted interest. Notice <br />of the Special Record Date shall be given to Bondholders not less <br />than ten days prior to the Special Record Date. The principal of <br />and premium, if any, and interest on this Bond are payable in <br />lawful money of the United States of America. <br />Date of Payment Not Business Day. If the date for <br />payment of the principal of, premium, if any, or interest on this <br />Bond shall be a Saturday, Sunday, legal holiday or a day*on which <br />banking institutions in the City of New York, New York, or the <br />city where the principal office of the Bond Registrar is located <br />are authorized by law or executive order to close, then the date <br />for such payment shall be the next succeeding day which is not a <br />Saturday, Sunday,. legal holiday or.a day on which such banking <br />institutions are authorized to close, and payment on such date <br />shall have the same force and effect as if made on the nominal <br />date of payment. <br />gedem2tion. All Bonds of this issue (the "Bonds") <br />maturing in the years 1999 to 2007, both inclusive, are subject <br />to redemption and prepayment at the option of the Issuer on <br />February 1, 19981 and on any Interest Payment Date thereafter at <br />a price of par plus accrued interest. Redemption may be in whole <br />or in part of the Bonds subject to prepayment. If redemption is <br />in part, those Bonds remaining unpaid which have the latest <br />maturity date shall be prepaid first; and if only part of the <br />Bonds having a common maturity date are called for prepayment, <br />11676 <br />12 <br />