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<br />ARTICLE 8 <br /> <br />CORPORATION'S OPTIONS <br /> <br />SECTION 8.01. PREPA YI\1ENT OF BASIC P A YI\1ENTS AND BONDS. The Corporation may, <br />at any time, transmit funds to the Lender, in addition to amounts, if any, otherwise required at that <br />time 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 ,viII be redeemable under the <br />terms 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 Determination of Taxability, the <br />necessary funds to pay the principal of, and accrued interest on the Bonds. <br /> <br />SECTION 8.02. TERMINA TlON 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 (?lthis page intentionally left blank.) <br /> <br />8-1 <br /> <br />~..'" hl' W l' 'II. H <br />