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Registered Owners at the addresses for such Registered Owners appearing on the Bond Register <br /> on the Record Date, or upon the written request of a Registered Owner of more than $1,000,000 <br /> of Bonds (received by the Bond Registrar at least 15 days prior to the applicable payment date), <br /> such payment shall be made by the Bond Registrar by wire transfer to the account within the <br /> continental United States designated by the Registered Owner. Principal of the Bonds shall be <br /> payable upon presentation and surrender of such Bonds by the Registered Owners at the <br /> principal office of the Bond Registrar. <br /> If any Fixed Rate Bond shall be duly presented for payment and funds have not been duly <br /> provided by the City on such applicable date, then interest shall continue to accrue thereafter on <br /> the unpaid principal amount thereof at the rate provided for in such Bond until it is paid. <br /> Section 2.06. Bank Bonds. Notwithstanding anything in this ordinance to the contrary, <br /> (a) each Bank Bond shall bear interest on the outstanding principal amount thereof at the Bank <br /> Rate applicable to such Bank Bond in accordance with the Liquidity Facility or the Liquidity <br /> Facility Agreement relating to such Bank Bond (as calculated by the Liquidity Provider with <br /> respect to such Liquidity Facility in accordance with such Liquidity Facility or such Liquidity <br /> Facility Agreement and advised by such Liquidity Provider to the Bond Registrar) for each day <br /> from and including the day such Bank Bond becomes a Bank Bond to and excluding the day <br /> such Bank Bond ceases to be a Bank Bond (as hereinafter described) or is paid in full or is <br /> surrendered to the Bond Registrar for cancellation, (b) interest on each Bank Bond shall be <br /> calculated on the basis of a 365 day year or a 360 day year, as applicable to the Bank Rate, in <br /> accordance with the Liquidity Facility or the Liquidity Facility Agreement relating to such Bank <br /> Bond and the actual number of days elapsed, and (c) interest on each Bank Bond shall be payable <br /> on such dates as are specified in the Liquidity Facility or the Liquidity Facility Agreement <br /> -48- P\20287_CMW20287AMT 10/14/14 <br />