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<br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Facility for the Alternate Credit Facility then <br />in effect, the Agency shall first receive <br />confirmation from each rating agency then having <br />an investment rating on the Bonds that the rating <br />on the Bonds will not be lowered or withdrawn as <br />a result of the delivery of the Alternate Credit <br />Facility. <br /> <br />Section 4. Paragraph B of Section 11 of the Resolution is <br />hereby amended to add a new second paragraph as follows: <br /> <br />The Fiscal Agent shall not give notice of <br />any redemption pursuant to Section 11(A)(4), if <br />an investment rating shall then be in effect with <br />respect to the Bonds, unless it shall have first <br />received an opinion of Bond Counsel relating to <br />preference matters under the federal bankruptcy <br />laws and stating that such redemption shall not <br />causectheinvestment rating on the outstanding <br />Bonds to be lowered or withdrawn from the rating <br />then in effect. <br /> <br />Paragraph C of Section 11 of the Resolution is hereby amended <br />to read as follows: <br /> <br />C. Redemption Account. Prior to the <br />mailing of notice as required above, the Fiscal <br />Agent shall establish, maintain and hold in trust <br />a separate account within the Special Fund <br />created pursuant to Section 12 hereof entitled <br />"Redemption Account". There shall be set aside <br />in the Redemption Account prior to mailing notice <br />of optional redemption, moneys for the purpose of <br />and sufficient to redeem, at a price equal to the <br />principal of, premium, if any, and interest <br />payable as provided in this Resolution, the Bonds <br />designated in the notice of redemption. The <br />moneys must be set aside in the Redemption <br />Account solely for that purpose and shall be <br />applied on or after the redemption date to the <br />payment (principal of, interest on and premium, <br />if any) of the Bonds to be redeemed upon <br />presentation and surrender of the Bonds at the <br />corporate trust office of the Paying Agent in New <br />York, New York. <br /> <br />In the case of mandatory redemption of <br />Bonds,~he Trustee shall draw on the Initial <br />Letter of Credit in accordance with its terms and <br />deposit the proceeds of such draw in the <br /> <br />2023k/2281/05 <br /> <br />-3- <br /> <br />5A' <br /> <br />/17 <br />