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ARTICLE IX <br /> DEFEASANCE <br /> Section 9.01. Release of Indenture. If (i) the Issuer shall pay all of the Outstanding <br /> Bonds, or shall cause them to be paid and discharged, or if there otherwise shall be paid to the <br /> Holders of the Outstanding Bonds, all Bond Service Charges due or to become due thereon, and <br /> (ii) provision also shall be made for the payment of all other sums payable hereunder or under <br /> the Agreement, the Regulatory Agreement and the Note, then this Indenture shall cease, <br /> determine and become null and void (except for those provisions surviving by reason of Section <br /> 9.03 hereof in the event the Bonds are deemed paid and discharged pursuant to Section 9.02 <br /> hereof), and the covenants, agreements and obligations of the Issuer hereunder shall be released, <br /> discharged and satisfied. <br /> Thereupon, and subject to the provisions of Section 9.03 hereof if applicable, <br /> (a) the Trustee shall release this Indenture (except for those provisions <br /> surviving by reason of Section 9.03 hereof in the event the Bonds are deemed paid and <br /> discharged pursuant to Section 9.02 hereof) and the Note, and shall execute and deliver to <br /> the Issuer any instruments or documents in writing as shall be requisite to evidence that <br /> release and discharge or as reasonably may be requested by the Issuer, and <br /> (b) the Trustee and any other Paying Agents shall assign and deliver to the <br /> Issuer any property subject at the time to the lien of this Indenture which then may be in <br /> their possession, except amounts in the Bond Fund required (a) to be paid to the <br /> Borrower under Section 5.09 hereof, or (b) to be held by the Trustee and the Paying <br /> Agents under Section 5.10 hereof or otherwise for the payment of Bond Service Charges. <br /> Section 9.02. Payment and Discharge of Bonds. All or any part of the Bonds shall be <br /> deemed to have been paid and discharged within the meaning of this Indenture, including <br /> without limitation, Section 9.01 hereof, if: <br /> (a) the Trustee as paying agent and any Paying Agents shall have received, in <br /> trust for and irrevocably committed thereto, sufficient moneys, or <br /> (b) the Trustee shall have received, in trust for and irrevocably committed <br /> thereto, noncallable direct obligations of or obligations guaranteed as to full and timely <br /> payment by the United States of America which are certified by an Independent public <br /> accounting firm of national reputation to be of such maturities or redemption dates and <br /> interest payment dates, and to bear such interest, as will be sufficient together with any <br /> moneys to which reference is made in subparagraph(a) above, without further investment <br /> or reinvestment of either the principal amount thereof or the interest earnings therefrom <br /> (which earnings are to be held likewise in trust and so committed, except as provided <br /> herein), for the payment of all Bond Service Charges on those Bonds at their maturity. <br /> Any moneys held by the Trustee in accordance with the provisions of this Section may be <br /> invested by the Trustee only in noncallable direct obligations of or obligations guaranteed as to <br /> full and timely payment by the United States of America having maturity dates, or having <br /> - 59 - <br />