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redemption date to the registered owner hereof. If notice of redemption has been duly given and money for the payment of the redemption price is held by the Trustee, then on the redemption date designated in such notice, this Bond shall become due and payable, and from and after the date so designated, interest on this Bond shall cease to accrue and the registered owner of this Bond shall have no rights with respect hereto except to receive payment of the redemption price hereof. To the extent permitted by, and as provided in Appendix A to the Indenture, modifications or amendments of Appendix A, and of the rights and obligations of the Authority and of the owners of the Bonds may be made with the consent of the Bond Issuer by the Authority, (i) upon obtaining an opinion of counsel that the same does not materially adversely affect the rights of the owners of the Bonds, or (ii) by obtaining the consent of the owners of all ARS and IRS or, in the event all of the ARS and IRS are Fixed, by obtaining the consent of the owners of all Newly Fixed AIRS and Regular Fixed AIRS. In the second event, the Trustee shall mail notice of such amendment to the owners of the ARS, and if, on the first Auction Date occurring at least 30 days after the date on which the Trustee mailed such notice, Sufficient Clearing Bids (as defined in the Auction Agent Agreement) have been received or all of the ARS are subject to Submitted Hold Orders (as defined in the Auction Agent Agreement), the proposed amendment shall be deemed to have been consented to by the owners of all ARS. As an additional condition precedent to any such amendment pursuant to the provisions of the Indenture, there shall be delivered to the Authority and the Trustee an opinion of counsel to the effect that such amendment will not adversely affect the validity of the ARS or IRS or the exclusion of interest on any of the Bonds from gross income for federal income tax purposes. Written notice of each such amendment shall be delivered by the Authority to the Trustee, the Auction Agent and each Broker-Dealer. If an Event of Default, as defined in the Indenture, shall occur, the principal of all outstanding Bonds may be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture; except that the Indenture provides that in certain events such declaration and its consequences may be rescinded by the registered owners of at least a majority in aggregate principal amount of the Bonds then outstanding. This Bond is transferable only on the books required to be kept for that purpose at the office of the Trustee by the registered owner hereof in person or by his duly authorized attorney upon payment of the charges provided in the Indenture and upon surrender of this Bond together with a written instrument of transfer in a form approved by the Trustee duly executed by the registered owner or his duly authorized attorney, and thereupon a new fully registered Bond or Bonds in the same aggregate principal amount will be issued to the transferee in exchange therefor. The Trustee shall not be required to register the transfer of or exchange any Bond (1) during the period commencing on the day five (5) business days before the date on which Bonds are to be selected for redemption and ending on such date of selection, or (2) which has been selected for redemption in whole or in part. A-4-7