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1 <br /> <br />3 <br /> <br />5 <br /> <br /> 7 <br /> <br /> 9 <br /> <br />11 <br /> <br />13 <br /> <br /> 15 <br /> <br /> 17 <br /> <br />19 <br /> <br /> 21 <br /> <br /> 23 <br /> <br /> 25 <br /> <br /> 27 <br /> <br /> 29 <br /> <br /> 31 <br /> <br /> 33 <br /> <br /> 35 <br /> <br /> 37 <br /> <br /> 39 <br /> <br /> 41 <br /> <br /> 43 <br /> <br />'45 <br /> <br /> 47 <br /> <br /> 49 <br /> <br />unpaid Basic Premium to and including a specified redemption <br />date pursuant to Section 11.3 hereof, such deposit will not <br />secure the payment of all of suc5 Participant's Basic Premium <br />until proper notice'of redemption of Bonds (corresponding in <br />total amount to the Basic Premium being prepaid) shall have <br />been given in accordance with Article V of the Indenture, <br />except as provided below. In the event the Bonds are not by <br />their terms subject to redemption within the next succeeding <br />sixty (60) days, such deposit will not secure the payment of <br />all such Participant's Basic Premium until the Participant <br />shall have given the Trustee, in form satisfactory to the <br />Trustee, irrevocable instructions to give, as soon as <br />practicable, in the manner prescribed by Article V of the <br />Indenture, a notice to the owners of such Bonds that the <br />deposit described above has been made with the Trustee and that <br />a corresponding principal amount of Bonds are deemed to have <br />been paid in accordance with this Article and stating such <br />maturity or ~edemption date upon which moneys are to be <br />available for the payment of the principal of said Bonds or <br />redemption price, if applicable, of said Bonds. <br /> <br /> In making any such deposit, the Participants shall comply <br />with all restrictions and provisions contained in the <br />No-Arbitrage Certificate signed by the Authority relating to <br />the Bonds. <br /> <br /> SECTION 11.2 Deposit of Security for Basic Premium or <br />Optional Prepayment by All Participants. The Participants may <br />as a group, by at least two-thirds approval of all members of <br />the Governing Board of the Authority, secure the payment of all <br />remaining unpaid Basic Premium of all Participants in the <br />manner set forth in Section 11.1 hereof. In the event of a <br />deposit pursuant to this Section, all Basic Premium obligations <br />of the Participants under this Agreement, and all security <br />provided by this Agreement for said obligations, shall cease <br />and terminate, excepting only the obligation of the <br />Participants to make, or cause to be made, payments of Basic <br />Premium from the deposit made by the Participants pursuant to <br />this Section. Said deposit shall be deemed to be and shall <br />constitute a special fund for the payment of Basic Premium in <br />accordance with the provisions of this Agreement. <br /> <br /> In making any such deposit, the Participants shall comply <br />with all restrictions and' provisions contained in the <br />No-Arbitrage Certificate signed by the Authority relating to <br />the Bonds. <br /> <br /> The Participants may also, by at least two-thirds' vote of <br />the Governing Board of the Authority, exercise as a group the <br /> <br /> 42 <br />2658002/2 <br /> <br /> <br />