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<br />flSecurity Register" means a register in which the Issuer shall <br />provide for the registration of Securities and of transfers of <br />Securities. <br /> <br />flStated Maturity" means the date specified in the Bond Resolution as <br />the fixed date on which the principal of the Security is due and payable. <br /> <br />Section 2.02. <br /> <br />Other Definitions. <br /> <br />The terms "Bank," "Issuer" and "Security" have the meanings assigned <br />to them in the opening paragraph of this Agreement or in the Recitals of <br />the Issuer. <br /> <br />The term "Paying Agent/Registrar" refers to the Bank when it is <br />performing the functions associated with such terms in this Agreement. <br /> <br />ARTICLE THREE <br /> <br />PAYING AGENT <br /> <br />Section 3.01. <br /> <br />Duties of Paying Agent. <br /> <br />As Paying Agent, the Bank shall, provided adequate collected funds <br />have been provided to it for such purpose by or on behalf of the Issuer, <br />pay on behalf of the Issuer the principal of and premium (if any) then <br />due on the Securities at the Stated Maturity, Redemption Date or <br />Acceleration Date, as appropriate, the Holder upon surrender of the <br />Security to the Bank at the Bank Officer. <br /> <br />As Paying Agent, the Bank shall, provided adequate collected funds <br />have been provided to it for such purpose by or on behalf of the Issuer, <br />pay on behalf of the Issuer the interest on the Securities when due, by <br />computing the amount of interest to be paid each Holder, preparing the <br />checks and mailing the checks on the payment date, to the Holders of the <br />Securities (or the Predecessor Securities) on the Record Date, addressed <br />to their address appearing on the Security Register. <br /> <br />Section 3.02. <br /> <br />Payment Dates. <br /> <br />The Issuer hereby instructs the Bank to pay the principal of and <br />premium (if any) and interest on the Securities at the dates specified in <br />the Bond Resolution. In the event that adequate collected funds have not <br />been provided to the bank in order to allow the Bank to pay the entire <br />principal of an premium (if any) and interest on the Securities on the <br />appropriate payment date, the Bank shall promptly notify the Issuer of <br />the same and shall not be obligated to disburse any money to any Security <br />Holder until such deficiency shall be restored. <br /> <br />TD702/16 <br />