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-17- <br />ARTICLE II <br />AUTHORIZATION AND TERMS <br />Section 2.01. Authorization of 2014 Bonds.The 2014 Bonds in the aggregate principal <br />amount of _____________Dollars ($__________) are hereby authorized to be issued by the <br />Successor Agencyunder and subject to the terms of this Indenture, the Lawand the Refunding <br />Law. This Indenture constitutes a continuing agreement with the Owners of all of the Bonds, <br />including the 2014 Bonds,issued or to be issued hereunder and then Outstanding to secure the <br />full and final payment of principal and redemption premiums (if any) and the interest on all <br />Bonds, including the 2014 Bonds,which may from time to time be executed and delivered <br />hereunder, subject to the covenants, agreements, provisions and conditions herein contained. <br />The 2014 Bonds shall be designated the "Successor Agencyto the Redevelopment Agency of <br />the City of San Leandro 2014 Subordinate Tax Allocation RefundingBonds(Redevelopment <br />Projects)". <br />Section 2.02. Terms of 2014 Bonds. The 2014 Bonds shall be datedas of the Closing <br />Date, and shall beissued in fully registered form without coupons in the denomination of $5,000 <br />or any integral multiple thereof. The Bonds shall mature and shall bear interest (calculated on <br />the basis of a 360-day year of twelve 30-day months) at the rate per annum as follows: <br />Maturity <br />Date <br />(September 1) <br />Principal <br />Amount <br />Interest Rate <br />Per Annum <br />Interest on the 2014 Bonds (including the final interest payment upon maturityor earlier <br />redemption) shall be payable on each Interest Payment Date to the person whose name <br />appears on the Registration Books as the Owner thereof as of the Record Date immediately <br />preceding each such Interest Payment Date, such interest to be paid by check of the Trustee <br />mailed by first class mail, postage prepaid, on the Interest Payment Date, to such Owner at the <br />address of such Owner as it appears on the Registration Books as of such Record Date; <br />provided however, that payment of interest may be by wire transfer to an account in the United