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<br />L <br /> <br />i <br />!1. <br />f! <br />, <br />l <br /> <br />Section 3.03. Effect of Redemption. When notice of redemption has been <br />duly given as aforesaid, and moneys for payment of the redemption price are being <br />held by the Servicing Agent, the Bonds so called for redemption shall, on the <br />redemption date designated in the notice specified in Section 3.02, become due and <br />payable at the redemption price specified in such notice, and from and after the <br />date so designated interest on the Bonds so called for redemption shall cease to <br />accrue, said Bonds shall cease to be entitled to any benefit under this Resolution, <br />and the Owners of said Bonds shall have no rights in respect thereof except to <br />receive payment of the redemption price thereof. <br /> <br />10 <br />