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<br /> (D1A f <br /> Limitation on Transfer of Bonl:Ü Called for Redemption <br /> Neither the City nor the Paying AgentIRegistrar shall be required to transfer or exchange any Bond ca11ed for redemption, in <br /> whole or in part, within 45 days of the date fixed for redemption; provided, however, such limitation of transfer shall not be <br /> applicable to an exchange by the registered owner of the unca11ed balance of a Bond. <br /> Record Date for Interest Payment <br /> The record date ("Record Date") for the interest payable on any interest payment date means the close of business on the last <br /> day of the preceding month. . <br /> In the event of a non-payment of interest on a scheduled payment date, and for 30 days thereafter, a new record date for such <br /> interest pa}ment (a "Special Record Date") will be established by the Paying AgentIRegistrar, if and when funds for the <br /> payment of such interest have been received from the City. Notice of the Special Record Date and of the scheduled payment <br /> date of the past due interest ("Special Payment Date", which shall be 15 days after the Special Record Date) shall be sent at <br /> least five business days prior to the Special Record Date by United States mail, first class postage prepaid, to the address of <br /> each Holder of a Bond appearing on the registration books of the Paying AgentIRegistrar at the close of business on the last <br /> business day next preceding the date of mailing of such notice. <br /> Municipal &nd Insurance <br /> The City has applied to several bond insurance companies for consideration for municipal bond insurance. <br /> i <br />