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<br />C:~~ <br /> <br />,~~o::t1l" <br /> <br />JPHH 80/a0 <br />e <br /> <br />e <br /> <br />behalf of the Authority, pay on behalf of the Authority the <br />principal of the Bonds. at their respective maturities <br />(whether at their stated maturities or upon redemption as <br />provided in the Bond Resolution) to the registered Owners <br />thereof upon surrender of the Bonds to the Bank at the Bank <br />Office. <br /> <br />As Paying Agent, the Bank shall, provided adequate <br />collected funds have been provided to it for such purpose by <br />or on behalf of the Authority, pay on behalf of the Authority <br />the interest on the Bonds when due, by computing the amount <br />of interest to be paid each registered owner thereof, <br />preparing the checks and mailing them as specified in the <br />Bond Resolution to such owners, addressed to their addresses <br />appearing on the Bond Register. <br /> <br />Section 3.02. Payment Dates. <br /> <br />The Authority hereby instructs the Bank to pay the <br />principal of, and interest on, the Bonds at the dates <br />specified in the Bond Resolution (provided adequate funds <br />have been provided to the Bank by or on behalf of the <br />Authority) . <br /> <br />ARTICLE FOUR <br /> <br />REGISTRAR <br /> <br />Section 4.01. Authentication, Transfer and Exchange. <br /> <br />The Authority shall keep at the Bank Office a <br />register (herein and ~n the Bond Resolution called the "Bond <br />Register") in which, subject to such reasonable written <br />regulations as 'the Authority may prescribe (which regula- <br />tions shall be furnished the Bank herewith or subsequent <br />hereto by Authority Order), the Authority shall provide for <br />the registration of Bonds and of transfers of Bonds. The <br />Bank agrees to maintain the Bond Register while it is <br />Registrar. <br /> <br />At any time and from time to time after the execu- <br />~ion and deliv.ery of this A9reem~nt", any registere.d owner, <br />may deliver to the Bank, for transfer or exchange, any Bonds <br />accompanied by instructions from such re9istered owner <br />designating the persons and authorized maturities and <br />principal amounts to and in which such Bond~ are, to. b~ . I , <br />';'''',; 'f,.:' ...,"'~....' ,- . :"'tl"ari sferrt!CJ:"~:;~,*eM'n9'e~;1.:':a'h(l- ':-e.'he '.'Birik~~SJi'8~:r'i=t1\~f~upon'~'; -~::..il:~ .:;.~'~i:';~;",.' :1'~~';:":'::~I~'.' :':'~ <br />within not more than three (3) business days after all <br />necessary documentation has been delivered to the Bank, <br /> <br />039DESAM/024COl <br /> <br />-4- <br />