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The Agreement is further amended to substitute the clau~e <br />set forth below in full for Section 6.1(a) of the Agreement: <br /> <br /> (a) such new Participant shall be a municipal <br />corporation in the State having a population of at least <br />100,000, or a joint powers authority comprised of such <br />municipal corporations, and a member of the Authority; <br /> <br /> Section 11. Optional Redemption of Bonds. The Agreement <br />is hereby amended to add the table set forth below to the end <br />of Section 11.3 of the Agreement: <br /> <br />Prepayment Date <br /> <br />Prepayment Price <br /> <br />March 1, 1996 and September 1, 1996 <br />March 1, 1997 and September 1, 1997 <br />March 1, 1998 and September 1, 1998 <br />March 1, 1999 and thereafter <br /> <br />103% <br />102 <br />101 <br />100 <br /> <br /> Section 12. Incorporation 0.f Terms of AGreement. By <br />execution of this Amendment, the parties hereto signify their <br />acceptance in full of the mutual terms and conditions contained <br />in the Agreement, as amended by the terms hereof. <br /> <br /> Section 13. Execution in Counterparts. This Amendment may <br />be executed in several counterparts, each of which shall be an <br />original and all of which shall constitute but one and the same <br />instrument. <br /> <br /> Section 14. Severabilitv. In the event any provision of <br />this Amendment shall be held invalid or unenforceable by any <br />court of competent jurisdiction, such holding shall not <br />invalidate or render unenforceable any other provision hereof. <br /> <br /> Section 12. ApPlicable Law. This Amendment shall be <br />governed by and construed in accordance with the laws of the <br />State of California. <br /> <br /> i~9_CZ~D_D__!~. Captions. The captions or headings in this <br />Amendment are for convenience only and in no way define, limit <br />or describe the scope or intent of any provisions or Sections <br />of this Amendment. <br /> <br />4 <br /> <br /> <br />