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of redemption; (d) state the CUSIP numbers of the Bonds to be redeemed, the individual <br />number of each Bond to be redeemed or that all Bonds between two stated numbers (both <br />inclusive) or that all of the Bonds are to be redeemed and, in the case of Bonds to be redeemed <br />in part only, the respective portions of the principal amount thereof to he redeemed; (e) s ate <br />that on the redemption date there will become due and payable on each Eond the redemption <br />price thereof and that from and after such redemption date interest theiaon shall cease to <br />accrue; and (f) require that such Bonds be then surrendered with a written instrument of <br />transfer duly executed by the Owner thereof or by his attorney duly authorized in writing if <br />payment is to be made to a Person other than the Owner. <br />Additionally, on the date on which the notice of redemption is mailed to the Owners of <br />the Bonds pursuant to the provisions above, such notice of redemption shall be given by (i) first <br />class mail, postage prepaid, (ti) confirmed facsimile transmission, or (ill) overnight delivery <br />service, to each of the Securities Depositories and to one or more of the Information Services as <br />shall be designated in writing by the Agency to the Trustee and to any additional Information <br />Services. <br />The actual receipt of notice of such redemption by the Owner of any Bond shall not be a <br />condition precedent to redemption, and failure to receive such notice or arty defect therein shall <br />not affect the validity of the proceedings for the redemption of such Bonds or the cessation of <br />interest on the redemption date. A certificate by the Trustee that notice of call and redemption <br />has been given to Owners of the Bonds as herein provided shall be conclusive as against all <br />parties, and no Bondowner whose Bond, or portion thereof, is called for redemption may object <br />to the cessation of interest on the redemption date fixed by any claim or showing that he failed <br />to receive actual notice of call and redemption. <br />The Agency shall have the right to rescind any optional redemption by written notice to <br />the Trustee on or prior to the date fixed for redemption. Any such notice of optional <br />redemption shall be canceled and annulled if for any reason funds will not be or are not <br />available on the date fixed for prepayment for the payment in full of the Bonds then called for <br />redemption, and such cancellation shall not constitute an Event of Default under the Second <br />Supplement. The Agency and the Trustee shall have no liability to the Owners or any other <br />party related to or arising from such rescission of redemption. The Trustee shall mail notice of <br />such rescission of redemption in the same manner as the original notice of redemption was sent <br />Partial Redemption. Upon surrender of any Bond redeemed in part only, the Trustee <br />shall authenticate and deliver to the Owner thereof, at the expense of the Agency, a new Bond <br />or Bonds of authorized denominations, and of the same maturity and series and equal in <br />aggregate principal amount to the unredeemed portion of the Bond surrendered. <br />Effect of Redemption. When notice of redemption has been given substantially as <br />provided above and when the amount necessary for the redemption of the Bonds called for <br />redemption (principal and premium, if any) is set aside for that purpose under the Indenture, <br />and when interest accrued and to accrue to the redemption date has been set aside for that <br />purpose, the Bonds designated for redemption shall become due and payable on the <br />redemption date thereof at the place specified in the notice of redemption. Such Bonds shall be <br />redeemed and paid at said redemption price out of the moneys so set aside, and no interest will <br />accrue on such Bonds called for redemption from and after the redemption date specified in <br />such notice. <br />All Bonds redeemed shall forthwith be canceled by the Trustee and shall not be reissued. <br />All unpaid interest with respect to the Bonds payable at or prior to the redemption date shall <br />continue to be payable to the respective Owners thereof, or their order, but without interest <br />thereon. <br />-8- <br />