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40 THE TORONTO -DOMINION BANK Chicago Branch which will entitle Third National Bank in Nashville, as Trustee or Chemical Bank, New York, New York, Registrar and Paying Agent, as agent for the Trustee, to draw amounts sufficient to pay the principal or Redemption Price of and interest on, and the purchase price of, the Bonds of such Issue as the same become due and payable. Each Letter of Credit will expire on the fifth anniversary of the date of issuance of the Bonds secured thereby (or earlier as described herein), unless renewed, and may be replaced by a Qualified Credit Facility, without notice to or consent of the Bondholders, or by an Alternative Credit Facility as described herein. The Bonds of each Issue will bear interest from the date of initial delivery thereof at the respective ratas of interest set forth above during the Initial Interest Periods extending through and including the dates set forth above. Thereafter, the Bonds of such Issue will bear interest at the Variable Rate determined by the Remarketing Agent on the first Business Day of each month in the manner described herein, unless a Fixed Rate Period is established for such Bonds as described herein. The Bonds of each Issue will be subject to mandatory tender prior to the establishment of any Fixed Rate Period applicable to such Bonds or the re-establishment of the Variable Rate for .such Bonds following any Fixed Rate Period as described herein unless otherwise directed by the holders thereof. As long as the Bonds of an Issue bear interest at the Variable Rate, the holders of such Bonds will have the right, at the times and subject to the conditions described herein, to require the purchase of such Bonds at a purchase price equal to the principal amount thereof plus accrued interest to the purchase date. The Bonds of each Issue are subject to mandatory tender and to optional redemption prior to maturity as described herein. The Bonds of each Issue are issuable only as registered bonds in denominations that are integral multiples of $50,000, except that during any Fixed Rate Period of six months or longer applicable to such Bonds, such Bonds are issuable in denominations of $5,000 and integral multiples thereof. The principal or Redemption Price of, and the purchase price of, the Bonds of each Issue are payable at the principal corporate trust office of the Registrar and Paying Agent. Interest on the Bonds is payable by check mailed to the registered owners thereof as of the Record Date for the payment of such interest or, under certain circumstances described herein, by wire transfer. The Bonds of each Issue shall not be deemed to constitute a debt, liability or obligation of the Issuer thereof or of the State of Florida or of any political subdivision thereof, or a pledge of the faith and credit of the Issuer thereof or of the State of Florida or of any such political subdivision