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shall not be required to register the transfer of or exchange any Bond (1) during the period <br />commencing with the close of business on the fifteenth day next preceding any interest payment <br />date and ending on such interest payment date, (2) during the period commencing 15 days before <br />the mailing of any notice of redemption and ending on the day of such mailing, or (3) which has <br />been selected for redemption in whole or in part. <br />The Authority and the Trustee may deem and treat the registered owner hereof as the <br />absolute owner hereof for the purpose of receiving payment of the interest hereon and principal <br />hereof and for all other purposes, whether or not this Bond shall be overdue, and neither the <br />Authority nor the Trustee shall be affected by any notice or knowledge to the contrary; and <br />payment of the interest on and principal of this Bond shall be made only to such registered owner, <br />which payments shall be valid and effectual to satisfy and discharge liability on this Bond to the <br />extent of the sum or sums so paid. <br />The rights and obligations of the Authority and of the registered owners of the Bonds may <br />be amended at any time in the manner, to the extent and upon the terms provided in the Indenture, <br />but no such amendment shall (1) extend the maturity of this Bond or reduce the interest rate hereon <br />or otherwise alter or impair the obligation of the Authority to pay the interest hereon or principal <br />hereof at the time and place and at the rate and in the currency provided herein without the express <br />written consent of the registered owner of this Bond, (2) except as otherwise provided in the <br />Indenture, permit the creation by the Authority of any pledge of the Revenues superior to or on a <br />parity with the pledge created by the Indenture for the benefit of the Bonds, and (3) modify any <br />rights or obligations of the Trustee without its prior written assent thereto, all as more fully set <br />forth in the Indenture. <br />If the Authority shall pay or cause to be paid or there shall otherwise be paid to the <br />registered owners of all outstanding Bonds the interest thereon, the principal thereof and the <br />redemption premiums, if any, thereon at the times and in the manner stipulated herein and in the <br />indenture, then the registered owners of such Bonds shall cease to be entitled to the pledge of the <br />Revenues as provided in the Indenture, and all agreements, covenants and other obligations of the <br />Authority to the registered owners of such Bonds under the Indenture shall thereupon cease, <br />terminate and become void and be discharged and satisfied. <br />This Bond shall not be entitled to any benefit, protection or security under the Indenture or <br />become valid or obligatory for any purpose until the certificate of authentication and registration <br />hereon endorsed shall have been manually executed and dated by the Trustee. <br />(Balance of this page intentionally left blank.) <br />A-4 <br />55394.00068\42092121.3 <br />