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<br />ARTICLE 8 <br /> <br />CORPORATION'S OPTIONS <br /> <br />SECTION 8.01. PREPA YMENT OF BASIC PA YMENTS AND BONDS. The Corporation may, at <br />any time, transmit funds to the Lender, in addition to amounts, ifany, otherwise required at that time <br />pursuant to this Loan Agreement, and direct that said money be utilized for the prepayment or <br />redemption of the Bonds or installments thereof which are then or will be redeemable under the <br />tem1S of the Resolution. In the event that the Bonds are subject to mandatory redemption under the <br />terms of the Resolution, the Corporation shall promptly transmit funds to the Lender as necessary <br />to comply with the terms of such redemption including, upon a Detem1ination of Taxability, the <br />neeessary funds to pay the principal of, and accrued interest on the Bonds. <br /> <br />SECTION 8.02. TERMINATION UPON RETIREMENT OF BONDS. At any time when none of <br />the Bonds are Outstanding and arrangements satisfactory to the Lender and Issuer have been made <br />for the discharge of all other accrued liabilities under this Loan Agreement shall terminate. <br /> <br />(Remainder of this page intentionally left blank.) <br /> <br />8-1 <br />