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Section 3.05. Transfer and Exchange of Bonds. So long as any of the Bonds remain
<br /> outstanding, the Trustee will cause books for the registration and transfer of Bonds, as provided
<br /> in this Indenture, to be maintained and kept at the designated office of the Registrar.
<br /> Subject to the provisions of Section 3.09 hereof, any Bond may be transferred upon the
<br /> Register, upon presentation and surrender thereof at the designated office of the Registrar or the
<br /> designated office of any Authenticating Agent, together with an assignment duly executed by the
<br /> Holder or its duly authorized attorney in any form which shall be satisfactory to the Registrar or
<br /> the Authenticating Agent, as the case may be. Upon transfer of any Bond and on request of the
<br /> Registrar or the Authenticating Agent, the Issuer shall execute in the name of the transferee, and
<br /> the Trustee or the Authenticating Agent, as the case may be, shall authenticate and deliver, a new
<br /> Bond or Bonds, of any Authorized Denomination in an aggregate principal amount equal to the
<br /> unmatured and unredeemed principal amount of, and bearing interest at the same rate and
<br /> maturing on the same date or dates as, the Bonds presented and surrendered for transfer.
<br /> In all cases in which Bonds shall be exchanged or transferred hereunder, the Issuer shall
<br /> execute, and the Trustee or any Authenticating Agent, as the case may be, shall authenticate and
<br /> deliver, Bonds in accordance with the provisions of this Indenture. The exchange or transfer
<br /> shall be made without charge; provided, that the Issuer and the Registrar, the Trustee or the
<br /> Authenticating Agent, as the case may be, may make a charge for every exchange or transfer of
<br /> Bonds sufficient to reimburse them for any tax or excise required to be paid with respect to the
<br /> exchange or transfer. The charge shall be paid before a new Bond is delivered.
<br /> All Bonds issued upon any transfer or exchange of Bonds shall be the valid obligations of
<br /> the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as
<br /> the Bonds surrendered upon transfer or exchange.
<br /> For purposes of this Section the Trustee shall establish the designated office of the
<br /> Registrar and the Authenticating Agent.
<br /> Section 3.06. Mutilated, Lost, Wrongfully Taken or Destroyed Bonds. If any Bond is
<br /> mutilated, lost, wrongfully taken or destroyed, in the absence of written notice to the Issuer or
<br /> the Registrar that a lost, wrongfully taken or destroyed Bond has been acquired by a bona fide
<br /> purchaser, the Issuer shall execute, and the Registrar shall authenticate and deliver, a new Bond
<br /> of like date, maturity and denomination as the Bond mutilated, lost, wrongfully taken or
<br /> destroyed; provided, that (i) in the case of any mutilated Bond, the mutilated Bond first shall be
<br /> surrendered to the Registrar, and (ii) in the case of any lost, wrongfully taken or destroyed Bond,
<br /> there first shall be furnished to the Registrar evidence of the loss, wrongful taking or destruction
<br /> satisfactory to the Registrar, together with indemnity satisfactory to the Authorized Borrower
<br /> Representative, the Trustee, the Issuer, the Registrar and an Authorized Official.
<br /> If any lost, wrongfully taken or destroyed Bond shall have matured, instead of issuing a
<br /> new Bond, the Authorized Borrower Representative may direct the Trustee to pay that Bond
<br /> without surrender thereof upon the furnishing of satisfactory evidence and indemnity as in the
<br /> case of issuance of a new Bond. The Issuer, the Registrar and the Trustee may charge the Holder
<br /> of a mutilated, lost, wrongfully taken or destroyed Bond their reasonable fees and expenses in
<br /> connection with their actions pursuant to this Section.
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