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<br />-14- <br /> <br />(a) a 2026 Bond is authenticated on or before an Interest Payment <br />Date and after the close of business on the preceding Record Date, in which <br />event it will bear interest from such Interest Payment Date, <br /> <br />(b) a 2026 Bond is authenticated on or before the first Record Date, in <br />which event interest thereon will be payable from the Closing Date, or <br /> <br />(c) interest on any 2026 Bond is in default as of the date of <br />authentication thereof, in which event interest thereon will be payable from the <br />date to which interest has been paid in full, payable on each Interest Payment <br />Date. <br /> <br />Interest is payable on each Interest Payment Date to the persons in whose names the <br />ownership of the 2026 Bonds is registered on the Bond Registration Books at the close of <br />business on the immediately preceding Record Date, except as provided below. Interest on any <br />2026 Bond which is not punctually paid or duly provided for on any Interest Payment Date is <br />payable to the person in whose name the ownership of such 2026 Bond is registered on the <br />Bond Registration Books at the close of business on a special record date for the payment of <br />such defaulted interest to be fixed by the Trustee, notice of which is given to such Owner by <br />first-class mail not less than 10 days prior to such special record date. <br /> <br />The Trustee will pay interest on the 2026 Bonds by check of the Trustee mailed by first <br />class mail, postage prepaid, on each Interest Payment Date to the Owners of the 2026 Bonds at <br />their respective addresses shown on the Bond Registration Books as of the close of business <br />on the preceding Record Date. At the written request of the Owner of 2026 Bonds in an <br />aggregate principal amount of at least $1,000,000, which written request is on file with the <br />Trustee as of any Record Date, the Trustee will pay interest on such 2026 Bonds on each <br />succeeding Interest Payment Date by wire transfer in immediately available funds to such <br />account of a financial institution within the United States of America as specified in such written <br />request, which written request will remain in effect until rescinded in writing by the Owner. The <br />Trustee will pay principal of the 2026 Bonds in lawful money of the United States of America by <br />check of the Trustee upon presentation and surrender thereof at the Principal Corporate Trust <br />Office of the Trustee. <br /> <br />SECTION 2.03. Form and Execution of 2026 Bonds. The 2026 Bonds, the form of <br />Trustee’s certificate of authentication, and the form of assignment to appear thereon, are set <br />forth in Appendix A attached hereto and by this reference incorporated herein, with necessary or <br />appropriate variations, omissions and insertions, as permitted or required by this Indenture. <br /> <br />The Chair, the Executive Director or the Treasurer of the Authority shall execute, and the <br />Secretary of the Authority may attest, each 2026 Bond. Either or both of such signatures may <br />be made manually or may be affixed by facsimile thereof. If any officer whose signature <br />appears on any 2026 Bond ceases to be such officer before the Closing Date, such signature <br />will nevertheless be as effective as if the officer had remained in office until the Closing Date. <br />Any 2026 Bond may be signed and attested on behalf of the Authority by such persons as at the <br />actual date of the execution of such 2026 Bond are the proper officers of the Authority, duly <br />authorized to execute debt instruments on behalf of the Authority, although on the date of such <br />2026 Bond any such person was not an officer of the Authority. <br /> <br />Page 30 of 205