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200510850 recorded in such books. Any Building Bond may be transferred pursuant to its provisions at the Designated Office of the Trustee by surrender of such Building Bond for cancellation, accompanied by a written instrument of transfer, in form satisfactory to the Trustee, duly executed by the registered owner in person or by such owner's duly authorized agent, and thereupon the Trustee on behalf of the Corporation will deliver at the Designated Office (or send by registered mail to the transferee owner or owners at such transferee owner's or owners' risk and expense), registered in the name of such transferee owner or owners, a new Building Bond or Building Bonds of the same interest rate, aggregate principal amount and maturity. To the extent of the denominations authorized for the Building Bonds by this Indenture, one Building Bond may be transferred for several such Building Bonds of the same interest rate and maturity, and for a like aggregate principal amount, and several such Building Bonds may be transferred for one or several such Building Bonds, respectively, of the same interest rate and maturity and for a like aggregate principal amount. In every case of transfer of a Building Bond, the surrendered Building Bond shall be cancelled and destroyed. All Building Bonds issued upon transfer of the Building Bonds so surrendered shall be valid obligations of the Corporation evidencing the same obligations as the Building Bonds surrendered and shall be entitled to all the benefits and protection of this Indenture to the same extent as the Building Bonds upon transfer of which they were delivered. The Corporation and the Trustee shall not be required to transfer any Building Bond during any period from any Record Date until its immediately following Interest Payment Date or to transfer any Building Bond called for redemption for a period of 30 days next preceding the date fixed for redemption. As to any Building Bonds issued pursuant to this Indenture as "book -entry -only bonds" Bonds, the terms and provisions of Section 2.11 of Article H shall govern as to terms relating to payment for such Building Bonds as and to the extent of any conflict with the other terms of this Article H. Section 2.04. In the event that payments of interest due on the Building Bonds on an Interest Payment Date are not timely made, such interest shall cease to be payable to the registered owners as of the Record Date for such Interest Payment Date and shall be payable to the registered owners of the Building Bonds as of a special date of record for payment of such defaulted interest as shall be designated by the Trustee whenever monies for the purpose of paying such defaulted interest become available. Section 2.05. If the date for payment of the principal of or interest on the Building Bonds shall be Saturday, Sunday, legal holiday or a day on which banking institutions in the city where the Designated Office of the Trustee is located are authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on which such banking institutions are authorized to close, and payment on such day shall have the same force and effect as if made on the nominal date of payment. Section 2.06. The Building Bonds, together with interest thereon, shall be payable out of the Payments made by the City pursuant to the Agreement. The Building Bonds shall be substantially in the form following, to -wit: 1.1