05-09-2022 FINAL Notice and Agenda Packet

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18 (b) BSBY Rate Conforming Changes. In connection with the use or administration of the BSBY Rate, BSBY Rate Calculation Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein, in the Agreement, the Indenture, the Notes or any other document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to the Indenture, the Agreement, the Notes or any other document. BSBY Rate Calculation Agent will promptly notify the Borrower of the effectiveness of any Conforming Changes in connection with the use or administration of the BSBY Rate. (c) Default Rate. At any time during which an Event of Default shall have occurred and be continuing, all amounts owing to the Initial BSBY Rate Bond Purchaser and the Holder hereunder, including all unpaid principal and the purchase price of any Bonds tendered for purchase hereunder, and, to the extent permitted by law, any unpaid interest on the Bonds, shall accrue interest daily at the Default Rate. Interest accruing at the Default Rate shall be due and payable on demand. (d) Maximum Lawful Rate. If the amount of interest payable for any interest period during the Initial BSBY Rate Period exceeds the amount of interest that would be payable for such period had interest for such period been calculated at the Maximum Lawful Rate, then interest for such period shall be payable in an amount calculated at the Maximum Lawful Rate for such period. Any interest that would have been due and payable for any period but for the operation of this clause shall nonetheless continue to accrue and be payable and shall, less interest actually paid to the Holder or Holders for such period, constitute the “Excess Interest Amount.” If there is any accrued and unpaid Excess Interest Amount as of any date, then the principal amount with respect to which interest is payable shall bear interest at the Maximum Lawful Rate, until payment to the Holder or Holder of the entire Excess Interest Amount. Notwithstanding the foregoing, on the date on which no principal amount hereunder remains unpaid, the Borrower shall pay to the Initial BSBY Rate Bond Purchaser a fee equal to any accrued and unpaid Excess Interest Amount. (e) Direct Payment Provisions. Notwithstanding any provision of the Indenture or the Agreement to the contrary: (i) All loan payments by the Borrower under the Agreement attributable to the principal and redemption or purchase price of, and the interest on, the Bonds, shall be paid directly by the Borrower to the Initial BSBY Rate Bond Purchaser. Whenever any payment of the principal of the Bonds shall be made, whether at maturity or by prior redemption, such payment shall be made by the Borrower to the Initial BSBY Rate Bond Purchaser without presentation and surrender of any Bond, provided that, absent manifest error, the Initial BSBY Rate Bond Purchaser’s record of such payments shall be conclusive and binding on the Borrower and upon any subsequent Holder of the Bonds so paid or redeemed and, in the case of the payment in full of the Bonds, such Holder shall forthwith surrender the Bonds to the Trustee for cancellation. If any Bonds, or any interest or participation therein, are sold or transferred, the Initial BSBY Rate Bond Purchaser shall notify the Issuer, the Trustee and the Borrower in writing of the name and address of the transferee, and it will, prior to delivery of such Bonds, make a notation on such Bonds of the date to which interest has been paid thereon and of the amount of any prepayments made on