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payable, <br />(a) unless the principal of all of the Outstanding Bonds shall be due and <br />FIRST - To the payment of the Owners of all installments of interest then <br />due on the Bonds, in the order of the maturity of the installments of such interest <br />and, if the amount available shall not be sufficient to pay in full any particular <br />installment, then to the payment ratably, according to the amounts due on such <br />installment, to the Owners, without any discrimination or privilege; <br />SECOND - To the payment of the Owners of the unpaid principal of and <br />premium, if any, on any of the Bonds which shall have become due (other than <br />Bonds matured or called for redemption for the payment of which moneys are <br />held pursuant to the provisions of this Indenture), in the order of their due dates <br />and, if the amount available shall not be sufficient to pay in full the principal of <br />and premium, if any, on such Bonds due on any particular date, then to the <br />payment ratably, according to the amount due on such date, to the Owners <br />without any discrimination; <br />THIRD - To be held for the payment to the Owners as the same shall <br />become due of the principal of, interest, and premium, if any, on the Bonds, <br />which may thereafter become due either at maturity or upon call for redemption <br />prior to maturity and, if the amount available shall not be sufficient to pay in full <br />such principal and premium, if any, due on any particular date, together with <br />interest then due and owing thereon, payment shall be made in accordance with <br />the FIRST and SECOND paragraphs hereof. <br />(b) if the principal of all of the Outstanding Bonds shall be due and payable, <br />to the payment of the principal, and premium, if any, and interest then due and unpaid upon the <br />Outstanding Bonds without preference or priority of any of principal, premium or interest over <br />the others or of any installment of interest, or of any Outstanding Bond over any other <br />Outstanding Bond, ratably, according to the amounts due respectively for principal, premium and <br />interest, to the Owners without any discrimination or preference except as to any difference in <br />the respective amounts of interest specified in the Outstanding Bonds. <br />Whenever moneys are to be applied pursuant to the provisions of this Section <br />10.09, such moneys shall be applied at such times, and from time to time, as the Trustee shall <br />determine, having due regard to the amount of such moneys available for application and the <br />likelihood of additional moneys becoming available for such application in the future. The <br />Trustee shall give, by mailing by first class mail as it may deem appropriate, such notice of the <br />deposit with it of any such moneys. <br />55394.00011 \8754149.4 80A4-0109 <br />