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Company shall be obligated to purchase the Project as pro- vided in Article XZ of the Agreement. If called for redemp- tion at any time pursuant to (1) or {2) above, the Bonds shall be subject to redemption by Issuer on any interest payment date, in whole oz in part, less than all of such Bonds to be selected in such manner as Trustee may determine, at a redemption price of ane hundred percent (100€) of the principal amount thereof plus accrued interest to the redemp- tion date. If called for redemption at any time pursuant to (3) above, the Bonds shall be subject to redemption by Issuez prior to maturity within sixty (60} days after a "Determina- tion of Taxability," as that term is defined in Article XI of the Agreement, at (a} one hundred percent {100$) of the aggregate principal amount of Bonds outstanding at the time of a Determination of Taxability plus accrued interest to the redemption date, plus {b) a redemption premium {or compensa- tory payment to former holders} which shall be paid to each holder and former holder during the Inclusion Period, as hereinafter defined, of each Bond redeemed due to a Deter- mination of Taxability (or Outstanding on the Taxable Date). Said redemption premium, or compensatory payment, with respect to each holder or former holder of a Bond shall be an amount equal to {i) the amount of interest which would have accrued during the Inclusion Period, as hereinafter defined, on such Bond if such Bond had borne interest at all times during the Inclusion Period at a rate per annum equal to the Prime Rate plus one-half percent (1/28), less (ii) the amount of interest actually paid on such Bond and accruing during the Inclusion Period. Any redemption premium, or com- pensatory payment, payable to any former holder of any Bond shall be paid by the Issuer, with Company funds, to the Trustee for the benefit of such former holder. The Trustee shall pay such redemption premium, or compensatory payment, to each such former holder of a Bond upon reasonable proof to the Trustee of ownership and the period thereof. As used in this paragraph, the term "Inclusion Period" means with respect to each holder or former holder of a Bond, the period beginning on the earliest date from which interest paid on such Bond held or formerly held by such holder or former holder is includable for federal income tax purposes in the gross income of such holder or former holder in connection with a Determination of Taxability with respect to which such redemption premium is payable, and ending upon the earliest of the date of transfer, purchase by the Company, payment {whether at maturity or upon the acceleration thereof} or redemption of such Bond. Reference is hereby made to Section 6.2 of the Agreement for a description of the circumstances under which Net Proceeds of insurance may be paid into the Bond Fund for full or partial redemption of the Bonds. -4- L~