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2oosos254 <br />Record Date until its immediately following Interest Payment Date or to transfer any Bond called for <br />redemption for a period of 30 days next preceding the date fixed for redemption. <br />Section 4. In the event that payments of interest due on the Bonds on an Interest Payment <br />Date are not timely made, such interest shall cease to be payable to the registered owners as of the Record <br />Date for such Interest Payment Date and shall be payable to the registered owners of the Bonds as of a special <br />date of record for payment of such defaulted interest as shall be designated by the Trustee whenever monies <br />for the purpose of paying such defaulted interest become available. <br />Section 5. If the date for payment of the principal of or interest on the Bonds shall be <br />Saturday, Sunday, legal holiday or a day on which banking institutions in the city where the principal corpo- <br />rate trust office of the Trustee is located are authorized by law or executive order to close, then the date for <br />such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday or a day on <br />which such banking institutions are authorized to close, and payment on such day shall have the same force <br />and effect as if made on the nominal date of payment. <br />Section 6. The Bonds, together with interest thereon, shall be payable out of the basic <br />rentals paid by the College pursuant to the Lease-Purchase Agreement. The Bonds shall be substantially in <br />the form following, to-wit: <br />7 <br />