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<br />. <br /> <br />. <br /> <br />. <br /> <br />Remarketing Agent and the Fiscal Agent by certified mail, <br />return receipt requested, received by the Remarketing Agent and <br />the Fiscal Agent at least five days prior to the Reset Date <br />electing not to have such Owner's Bonds purchased. <br /> <br />Failure by the Fiscal Agent to give such notices by <br />mailing, or any defect therein, shall not affect the interest <br />rate to be borne by the Bonds, shall not extend the period for <br />final maturity of the Bonds, nor in any way change the rights <br />of the Owners of such Bonds to deliver Bonds for purchase. <br /> <br />D. Mandatory Purchase. On each Reset Date, all <br />Bonds then Outstanding shall be subject to mandatory purchase <br />by the Fiscal Agent. Such mandatory purchase shall occur on <br />any Reset Date at a purchase price equal to the principal <br />amount of the Bonds plus accrued interest to the date of <br />purchase. Notwithstanding the foregoing, Bonds shall not be <br />purchased on a Reset Date if the Owner thereof has delivered to <br />the Fiscal Agent and Remarketing Agent, at least five days <br />prior to the applicable Reset Date an irrevocable notice as <br />described in subsection (C) above electing to have such Owner's <br />Bonds not so purchased. Bonds to be purchased pursuant to such <br />mandatory purchase shall be delivered by the Owners thereof to <br />the Fiscal Agent (together with necessary assignments and <br />endorsements) on or prior to the applicable Reset Date. Any <br />Bonds to be purchased by the Remarketing Agent pursuant to this <br />mandatory purchase that are not delivered for purchase on or <br />prior to the purchase date (the "Untendered Bonds"), for which <br />there has been irrevocably deposited in trust with the Fiscal <br />Agent or the Remarketing Agent an amount sufficient to pay the <br />principal amount of such Untendered Bonds, together with <br />interest accrued or to accrue thereon to the Reset Date (the <br />"Purchase Price"), shall be deemed to have been delivered for <br />purchase to the Remarketing Agents, and the Owners of such <br />Untendered Bonds shall not be entitled to any payment <br />(including any interest to accrue on or after the applicable <br />Reset Date) other than the respective Purchase Prices of such <br />Untendered Bonds, and such Untendered Bonds shall not be <br />entitled to any benefits of this Resolution, except for payment <br />of such Purchase Price out of the moneys deposited for such <br />payment as aforesaid. <br /> <br />E. Alternate Credit Facility. On or prior to the <br />fifteenth day prior to each Reset Date, the Agency shall file <br />with the Fiscal Agent and the Remarketing Agent a commitment <br />for an Alternate Credit Facility covering the payment of <br />principal of and interest on the Bonds for the next Reset <br />Period and, unless the Reset Period extends to the final <br />maturity date on the Bonds, the payment of the Purchase Price <br />of all Outstanding Bonds as provided for in Section 5D above. <br />In the event the Reset Period extends to the final maturity of <br />the Bonds, the Agency may elect not to provide an Alternate <br />Credit Facility, in which case the Agency shall so notify the <br /> <br />12-02-85 <br />9553P/228ljOl <br /> <br />-12- <br />