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ending at the close of business on such interest payment date, or, in the case of any proposed <br /> redemption of the Bonds, after the mailing of notice of the call for redemption of such Bonds. <br /> (f) Bond Registrar's Ownership of Bonds. The Bond Registrar may become the <br /> Registered Owner of any Bond with the same rights it would have if it were not the Bond <br /> Registrar, and to the extent permitted by law, may act as depository for and permit any of its <br /> officers or directors to act as member of, or in any other capacity with respect to, any committee <br /> formed to protect the right of the Registered Owners of Bonds. <br /> (g) Place and Medium of Payment. Both principal of and interest on the Bonds shall <br /> be payable in lawful money of the United States of America. Interest on the Bonds shall be <br /> calculated on the basis of a year of 360 days and twelve 30-day months. For so long as all Bonds <br /> are in fully immobilized form, payments of principal and interest thereon shall be made as <br /> provided in accordance with the operational arrangements of DTC referred to in the Letter of <br /> Representations. In the event that the Bonds are no longer in fully immobilized form, interest on <br /> the Bonds shall be paid by check or draft mailed to the Registered Owners at the addresses for <br /> such Registered Owners appearing on the Bond Register on the Record Date, or upon the written <br /> request of a Registered Owner of more than $1,000,000 of Bonds (received by the Bond <br /> Registrar at least 15 days prior to the applicable payment date), such payment shall be made by <br /> the Bond Registrar by wire transfer to the account within the continental United States <br /> designated by the Registered Owner. Principal of the Bonds shall be payable upon presentation <br /> and surrender of such Bonds by the Registered Owners at the principal office of the Bond <br /> Registrar. <br /> -11- 502395238 v2 <br />