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• of the principal amount thereof to be redeemed; and (v) that on the date fixed for redemption, there shall become due and payable upon all Bonds to be redeemed the Redemption Price thereof, together with interest accrued to the date fixed for redemption, and that, from and after such date, interest thereon shall cease to accrue. If any Bond is to be redeemed in part only, the notice of redemption that relates to such Bond shall state also that on or after the date fixed for redemption, upon surrender of such Bond to the Registrar and Paying Agent, the holder will be entitled to a new Bond or Bonds, bearing interest at the same rate and of any denomination authorized by this Indenture, in aggregate principal amount equal to the unredeemed portion of the principal amount of such Bond. Section 3.03. Redemption of Portion of Bond. In case part but not all of a Bond shall be selected for redemption, upon the presentation and surrender of such Bond to the Registrar and Paying Agent for payment of the principal amount thereof so called for redemption in accordance with such Bond, the Issuer. shall execute and the Registrar and Paying Agent shall authenticate and deliver to or upon the order of the owner of such bond or his attorney - in - fact or legal representative, without charge therefor, a Bond or Bonds, bearing interest at the same rate and of any denomination authorized by this Indenture, in aggregate principal amount equal to the unredeemed portion of the principal amount of the Bond so surrendered. Section 3.04. Optional and Mandatory Tender of Bonds. (a) Notice of Optional Tender Dates. The Registrar and Paying Agent shall give notice to the Trustee, the Remarketing Agent, the Borrower, NNC and the Credit Facility Provider by telephone, telex or other electronic transmission (confirmed in writing in the case of any oral notice) of each Optional Tender Notice received by the Registrar and Paying Agent, which notice shall specify the principal amount of the Bonds to be purchased and the Optional Tender Date. (b) Notice of Conversion Dates and Termination Dates. The Trustee shall give written notice to the Registrar and Paying Agent, the Remarketing Agent and each of the Rating Agencies of each Termination Date at least 40 days before such date. The Registrar and Paying Agent shall mail in accordance with the terms of the Bonds a notice to each holder of a Bond (other than the Credit Facility Provider) at least 35 days before each Mandatory Tender Date stating: (i) if the Mandatory Tender Date is a Conversion Date (A) that the interest rate on the bonds will be converted from the Fixed Rate to the Variable Rate or that one or more Fixed Rate Periods are to be established (as the case may be) on such Conversion Date; (B) the Interest Payment Dates after such Conversion Date; (C) the basis on which the interest borne by the Bonds will be calculated after such Conversion Date; (D) the conditions set forth in Section 2.03(c) hereof under which the conversion of interest rate will be automatically rescinded and the interest rates that will be 26 -