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I <br />83- t~ Ci ~6 <br />any proceedings for the redemption of Bonds with respect to <br />which no such failure has occurred. <br />Any notice mailed as provided in this Section shall be <br />conclusively presumed to have been duly given, whether or not <br />the Registered Owner receives the notice. <br />Section 3.03. Redemption Payments. Prior to the date <br />fixed-for redemption, funds shall be deposited with Trustee <br />to pay, and Trustee is hereby authorized and directed to <br />apply such funds to the payment of, the Bonds or portions <br />thereof called, together with accrued interest thereon to the <br />redemption date, and any required premium. Upon the giving <br />of notice for redemption in accordance with Section 3.02 <br />hereof, the Sonds or portions thereof called for redemption <br />shall become due and payable on the redemption date at the <br />redemption price and (if the moneys necessary to effect such <br />redemption are on deposit with the Trustee and available <br />therefor) shall cease to bear interest from and after the <br />redemption date; and such Bonds or portions thereof shall <br />cease from and after the redemption date to be entitled to <br />any benefit or security under this Indenture, and the holders <br />thereof shall have no rights in respect of such Bonds or <br />portions thereof except the right to receive payment of the <br />redemption price thereof and interest accrued to the redemp- <br />tion date. If moneys necessary to effect the redemption of <br />any Bond or portion thereof called for redemption shall not <br />be on deposit with the Trustee and available therefor, such <br />Bond or portion thereof shall continue to bear interest until <br />paid. <br />Section 3.04. Cancellation. A11 Bonds which have been <br />redeemed shall not be reissued but shall be canceled and <br />cremated or otherwise destroyed by Trustee in accordance with <br />Section 2.09 hereof. <br />Section 3.05. Partial Redemption of Fu11y Registered <br />Bonds. Upon surrender of ary fully registered Bond for <br />redemption in part only, Issuer shall execute and Trustee <br />shall authenticate and deliver to the holder thereof a new <br />Bond or Bonds of the same series and the same maturity, of <br />authorized denominations, ir. an aggregate principal amount <br />equal to the unredeemed portion of the Bond surrendered, <br />which new Bond or Bonds shall be a fully registered Bond or <br />Bonds. <br />-1?- <br />{ <br />J <br /> <br />