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Every new Bond issued pursuant to this Section by reason of any Bond being mutilated, <br /> lost, wrongfully taken or destroyed (i) shall constitute, to the extent of the outstanding principal <br /> amount of the Bond lost, mutilated, taken or destroyed, an additional contractual obligation of <br /> the Issuer, regardless of whether the mutilated, lost, wrongfully taken or destroyed Bond shall be <br /> enforceable at any time by anyone and (ii) shall be entitled to all of the benefits of this Indenture <br /> equally and proportionately with any and all other Bonds issued and outstanding hereunder. <br /> All Bonds shall be held and owned on the express condition that the foregoing provisions <br /> of this Section are exclusive with respect to the replacement or payment of mutilated, lost, <br /> wrongfully taken or destroyed Bonds and, to the extent permitted by law, shall preclude any and <br /> all other rights and remedies with respect to the replacement or payment of negotiable <br /> instruments or other investment securities without their surrender, notwithstanding any law or <br /> statute to the contrary now existing or enacted hereafter. <br /> Section 3.07. Cancellation of Bonds. Any Bond surrendered pursuant to this Article for <br /> the purpose of payment or retirement or for exchange, replacement or transfer shall be cancelled <br /> upon presentation and surrender thereof to the Registrar, the Trustee or any Paying Agent or <br /> Authenticating Agent. Any Bond cancelled by the Trustee or a Paying Agent or Authenticating <br /> Agent shall be transmitted promptly to the Registrar by the Trustee, Paying Agent or <br /> Authenticating Agent. <br /> The Issuer, or the Borrower on behalf of the Issuer, may deliver at any time to the <br /> Registrar for cancellation any Bonds previously authenticated and delivered hereunder, which <br /> the Issuer or the Borrower may have acquired in any manner whatsoever. All Bonds so <br /> delivered shall be cancelled promptly by the Registrar. Certification of the surrender and <br /> cancellation shall be made to the Issuer and the Trustee by the Registrar at least once each <br /> calendar year. Unless otherwise directed by the Issuer, cancelled Bonds shall be retained and <br /> stored by the Registrar for a period of four years after their cancellation. Those cancelled Bonds <br /> shall be destroyed by the Registrar by shredding or incineration at that time or at any earlier time <br /> directed by the Issuer. The Registrar shall provide certificates describing the destruction of <br /> cancelled Bonds to the Issuer and the Trustee. <br /> Section 3.08. Special Agreement with Holders. Notwithstanding any provision of this <br /> Indenture or of any Bond to the contrary, with the approval of the Borrower, the Trustee may <br /> enter into an agreement with any Holder providing for making all payments to that Holder of <br /> principal of and interest on that Bond or any part thereof(other than any payment of the entire <br /> unpaid principal amount thereof) at a place and in a manner other than as provided in this <br /> Indenture and in the Bond, without presentation or surrender of the Bond, upon any conditions <br /> which shall be satisfactory to the Trustee and the Borrower; provided, that payment in any event <br /> shall be made to the Person in whose name a Bond shall be registered on the Register, with <br /> respect to payment of principal, on the date such principal is due, and, with respect to the <br /> payment of interest, as of the applicable Regular Record Date or Special Record Date, as the case <br /> maybe. <br /> The Trustee will furnish a copy of each of those agreements, certified to be correct by an <br /> officer of the Trustee, to the Registrar, the Issuer and the Borrower. Any payment of principal or <br /> -22 - <br />