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201103788 Bonds of the same interest rate, aggregate principal amount and maturity. To the e�ent of the denominations authorized for the Refunding Bonds by this Indenture, one Refunding Bond may be transferred for several such Refunding Bonds of the same interest rate and maturity, and for a like aggregate principal amount, and several such Refunding Bonds may be transferred for one or several such Refunding Bonds, respectively, of the same interest rate and maturity and for a like aggregate principal amount. In every case of transfer of a Refunding Bond, the surrendered Refunding Bond shall be cancelled and destroyed. All Refunding Bonds issued upon transfer of the Refunding Bonds so surrendered shall be valid obligations of the Cor�ration evidencing the same obligations as the Refunding Bonds surrendered and sha11 be entitled to all the benefits and protection of this Indenture to the same extent as the Refunding Bonds upon transfer of which they were delivered. The Corporation and the Trustee shall not be required to transfer any Refunding Bond during any period from any Record Date until its immedia.tely following Interest Payment Date or to transfer any Refunding Bond called for redemption for a period of 30 days next preceding the date fixed for redemption. As to any Refunding Bonds issued pursuant to this Indenture as "book-entry-only bonds" Bonds, the terms and provisions of Section 2.11 of Article II sha11 govern as to terms relating to payment for such Refunding Bonds as and to the e�ent of any conflict with the other terms of this Article IL Section 2.04. In the event that payments of interest due on the Refunding Bonds on an Interest Payment Date are not timely made, such interest shall cease to be payable to the registered o�vners as of the Record Date for such Interest Payment Date and sha11 be payable to the registered owners of the Refunding Bonds as of a special date of record for payment of such defaulted interest as sha.11 be designated by the Tru�tee whenever monies for the purpose of paying such defaulted interest become available. Section 2.05. If the date for payrnent of the principal of or interest on the Refunding Bonds sha.11 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 sha11 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 ma.de on the nominal date ofpayment. Section 2.06. The Refunding Bonds, together with interest theraon, shall be payable out of the Payments made by the City pursuant to the Agreement. The Refunding Bonds shall be substantially in the form following, to-wit: :