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40 the owner as of the Record Date (defined herein) for the payment of such interest. The principal or redemption price of and interest on, and the purchase price of, this Bond will be paid in any money of the United States that at the time of payment is legal tender for payment of public and private debts or by checks payable in such money. Notwithstanding the foregoing (i) during the Initial Interest Period and during any period in which the Bonds bear interest at the Variable Rate and during any Short Fixed Rate Period, any payment of at least $2,500 to any owner of Bonds shall be made by wire transfer to any account in the United States designated by such owner and (ii) the principal or redemption price of and interest on, and the purchase price of, Credit Facility Bonds (defined in the Indenture) shall be payable by wire transfer to the Credit Facility Provider upon at least five days' notice to the Registrar and Paying Agent. The Record Dates will be (i) during the Initial Interest Period and during any period in which the Bonds bear interest at a Variable Rate and during any Short Fixed Rate Period, the last day before each Interest Payment Date, (ii) during any Long Fixed Rate Period, the 15th day of the calendar month preceding each Interest Payment Date and (iii) in the case of the payment of any defaulted interest, the fifth Business Day before such payment. If any payment of the principal of or interest on this Bond is due on a day that is not a Business Day, such payment will be made on the next Business Day, and no interest will accrue on the amount of su payment during the intervening period. 6. Redemption. (a) Optional Redemption During Variable Rate Period and on Mandatory Tender Dates. The Bonds are subject to redemption prior to maturity at the option of the Borrower and NHC (i) during the Initial Interest Period and during any period in which the Bonds bear interest at the Variable Rate, in whole or in part on any Interest Payment Date, and (ii) in whole or in part on any Mandatory Tender Date, in each case at a redemption price equal to the principal amount of the Bonds redeemed, plus accrued interest to the date fixed for redemption. (b) Optional Redemption During Fixed Rate Period. The Bonds are subject to redemption prior to maturity at the option of the Borrower and NHC during any Fixed Rate Period of six years or longer in whole or in part on any Interest Payment Date on or after the Interest Payment Date next succeeding the date that is the earlier of (i) the tenth anniversary of the Fixed Rate Date for such Fixed Rate Period and (ii) the anniversary of such Fixed Rate Date that approximates more closely than any other such anniversary date the date that occurs at the midpoint of such Fixed Rate Period, in whole at any time or in part on any Interest Payment Date, at a redemption price equal to the principal amount thereof, plus accrued interest thereon to the date fixed for redemption, plus a premium (expressed as a percentage of the principal amount of the Bonds to be redeemed) that for the first redemption date 'is equal to the lesser of (A) three percent and (B) one-half of one percent times the number of years between the calendar year of such redemption date and the calendar year during which such Fixed Rate Period ends (including for purposes of computation the calendar year of such redemption date but B-8