10A Action 2008 0602 Attach - Indenture of Trust

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Each Series 2008 Bond shall bear interest from the Interest Payment Date next preceding the date of authentication thereof, unless (a) it is authenticated after a Record Date and on or before the following Interest Payment Date, in which event it shall bear interest from such Interest Payment Date; or (b) it is authenticated on or before February 15, 2009, in which event it shall bear interest from its Closing Date; provided, however, that if, as of the date of authentication of any Series 2008 Bond, interest thereon is in default, such Series 2008 Bond shall bear interest from the Interest Payment Date to which interest has previously been paid or made available for payment thereon. Interest on the Series 2008 Bonds (including the final interest payment upon maturity or redemption) is payable when due by check or draft of the Trustee mailed to the Owner thereof at such Owner's address as it appears on the Registration Books at the close of business on the preceding Record Date; provided that at the written request of the Owner of at least $1,000,000 aggregate principal amount of Series 2008 Bonds, which written request is on file with the Trustee as of any Record Date, interest on such Series 2008 Bonds shall be paid on the succeeding Interest Payment Date to such account in the United States as shall be specified in such written request. The principal of the Series 2008 Bonds and any premium upon redemption, are payable in lawful money of the United States of America upon presentation and surrender thereof at the Principal Corporate Trust Office of the Trustee. Section 2.03. Redemption of Series 2008 Bonds. (a) Optional Redemption. The Series 2008 Bonds maturing on or before September 1, 2018, are not subject to optional redemption prior to maturity. The Bonds maturing on and after September 1, 2019, are subject to redemption, at the option of the Agency, on any date on or after September 1, 2018, as a whole or in part, by such maturities as shall be determined by the Agency, and by lot within a maturity, from any available source of funds, at a redemption price equal to the principal amount of the Bonds to be redeemed, together with accrued interest thereon to the date fixed for redemption. The Agency shall be required to give the Trustee written notice of its intention to redeem Series 2008 Bonds under this subsection (a) with a designation of the principal amount and maturities to be redeemed at least forty five (45) days prior to the date fixed for such redemption (or such later date as shall be acceptable to the Trustee), and, except in the case of an optional redemption being funded by refunding bonds, shall transfer to the Trustee for deposit in the Debt Service Fund all amounts required for such redemption at least five (5) Business Days prior to the date fixed for such redemption. (b) Mandatory Sinking Fund Redemption. The Series 2008 Bonds that are Term Bonds maturing September 1, 203_ shall also be subject to mandatory redemption in whole, or in part by lot, on September 1 in each year, commencing September 1, 20_, as set forth below, from sinking fund payments made by the Agency to the Principal Account pursuant to Section 4.03(b), at a redemption price equal to the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts and on September 1 in the respective years as set forth in the following table; provided however, that (x) in lieu of redemption thereof such Term Bonds may be purchased by the Agency pursuant to Section 2.03(g) hereof, and (y) if some but not all of such Term Bonds have been redeemed pursuant to subsection (a) above, the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of such Term Bonds so redeemed, to be allocated among such sinking fund payments in integral multiples of $5,000 as determined by the Agency (notice of which determination shall be given by the Agency to the Trustee). 16