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for interim certificates or receipts issued pending preparation of <br />definitive Series One Bonds. <br /> <br /> (c) Interest~ Place of Payment and Record Dates. The pro- <br />visions respecting interest on, the place of payment with respect to, <br />and record dates for, the Series One Bonds are as follows: <br /> <br /> (i) The Series One Bonds shall bear interest from their <br />respective dates payable semi-annually on the Interest Payment <br />Dates for the Series One Bonds at their respective Specified <br />Interest Rates per annum. The Interest Payment Dates for the <br />Series One Bonds and the Specified Interest Rates for the Series <br />One Bonds shall be as specified in the Certificate of Award for the <br />Series One Bonds. <br /> <br /> (ii) The principal of and any redemption premium on <br />Series One Bonds shall be payable at the principal corporate trust <br />office of the Trustee. <br /> <br /> (iii) The interest on any Series One Bond which is pay- <br />able, and is punctually paid or duly provided for, on any Interest <br />Payment Date for the Series One Bonds, shall be paid by check or <br />draft mailed by the Trustee to the person in whose name that Series <br />One Bond or any Predecessor Series One Bond (as hereinafter <br />defined) is regisLered on the registration books hereafter provided <br />for at the close of business on the Regular Record Date (as here- <br />inafter defined) for such interest, and shall be mailed to such <br />perso~ at his address as it appears on such registration books. As <br />used herein, (A) the "Regular Record Date" for the interest payable <br />on the Series One Bonds on any Interest Payment Date therefor means <br />the fifteenth (15th) day of the month next preceding the month in <br />which such Interest Payment Date occurs; (B) "Predecessor Series <br />One Bond" of any particular Series One Bond means every previous <br />Series One Bond evidencing all or a portion of the same debt as <br />that evidenced by the particular Series One Bond; and (C) <br />"Successor Series One Bond" of any particular Series One Bond means <br />every subsequent Series One Bond evidencing all or a portion of the <br />same debt as that evidenced by the particular Series One Bond. <br /> <br /> (iv) The interest on any Series One Bond which is pay- <br />able, but is not punctually paid or duly provided for, on any <br />Interest Payment Date therefor (such interest, together with any <br />interest due on such overdue interest, being hereinafter referred <br />to as "Defaulted Interest") shall forthwith cease to be payable to <br />the registered holder of such Series One Bond or any Predecessor <br />Series One Bond on the relevant Regular Record Date by virtue of <br />having been such Holder, and such Defaulted Interest shall be <br />payable by the Trustee to the person in whose name that Series One <br />Bond or any Successor Series One Bond is registered at the close of <br />business on a Special Record Date (as hereinafter defined) for the <br />payment of such Defaulted Interest, which shall be fixed in the <br />following manner. Upon the receipt of any moneys to be applied to <br />the payment of Defaulted Interest, the Trustee shall fix a Special <br /> <br />-15- <br /> <br /> <br />