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<br />which shall be satisfactory to the Trustee. Upon transfer of any Bond and on request of the
<br />Trustee, the Issuer shall execute and the Trustee shall authenticate and deliver in the name of the
<br />transferee, a new Bond or Bonds of the same series, of any authorized denomination or
<br />denominations in an aggregate principal amount equal to the unmatured and unredeemed
<br />principal amount of, and bearing interest at the same rate and maturing on the same date or dates
<br />as, the Bonds presented and surrendered for transfer. The date of such transfer to be recorded
<br />upon the Register shall be the date of authentication of the new Bond or Bonds.
<br />In all cases in which Bonds shall be exchanged or transferred hereunder, the Trustee shall
<br />authenticate and deliver Bonds in accordance with the provisions of this Indenture. The
<br />exchange or transfer shall be made without charge; provided that the Issuer and the Trustee may
<br />make a charge for every exchange or transfer of Bonds sufficient to reimburse them for any tax
<br />or excise required to be paid with respect to the exchange or transfer. The charge shall be paid
<br />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. Neither the Issuer nor the Trustee shall be
<br />required to make any exchange or transfer of a Bond during a period beginning at the opening of
<br />business 15 days before the day of the mailing of a notice of redemption of Bonds of such series
<br />and ending at the close of business on the day of such mailing or to transfer or exchange any
<br />Bonds selected for redemption, in whole or in part; provided, however, the foregoing provisions
<br />shall not preclude an exchange or transfer of a Bond in the case of an optional or mandatory
<br />tender under Sections 2.04, 2.05, 2.06 or 2.07 hereof.
<br />In case any Bond is redeemed in part only, on or after the redemption date and upon
<br />presentation and surrender of the Bond, the Issuer shall cause execution of, and the Trustee shall
<br />authenticate and deliver, a new Bond or Bonds of the same series in authorized denominations in
<br />an aggregate principal amount equal to the unmatured and unredeemed portion of, and bearing
<br />interest at the same rate and maturing on the same date or dates as, the Bond redeemed in part.
<br />Notwithstanding the foregoing, however, if a Depository is the sole Bondholder, delivery of a
<br />notation of partial redemption of Bonds shall be made in such manner as is mutually agreed upon
<br />by the Trustee and the Depository.
<br />Section 3.07. Mutilated, Lost, Wrongfully Taken, Undelivered or Destroyed Bonds.If any
<br />Bond is mutilated, lost, wrongfully taken or destroyed, or any tendered Bond or Bond deemed to
<br />have been tendered is not delivered pursuant to the terms of this Indenture, in the absence of written
<br />notice to the Issuer and the Trustee that a lost, wrongfully taken or destroyed or undelivered Bond
<br />has been acquired by a bona fide purchaser, the Trustee shall authenticate and deliver a new Bond
<br />of like date, maturity, interest rate and denomination and of the same series as the Bond mutilated,
<br />lost, wrongfully taken, destroyed or undelivered; provided, that (a) in the case of any mutilated
<br />Bond, the mutilated Bond first shall be surrendered to the Trustee, (b) in the case of any lost,
<br />wrongfully taken or destroyed Bond, there first shall be furnished to the Issuer and the Trustee
<br />evidence of the loss, wrongful taking or destruction satisfactory to the Issuer and the Trustee,
<br />together with indemnity to the Issuer, the Trustee, the Borrower, the Bank and the Confirming
<br />Bank, if any, satisfactory to each of them, and payment of any out of pocket costs of the Issuer,
<br />and (c) in the case of any tendered Bond which is undelivered, there shall be satisfactory loss
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