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Ob preceding each Interest Payment Date and (iii) in the case of the payment of any defaulted interest, the fifth Business Day before such payment. Notwithstanding the foregoing, the principal or redemption price of and interest on, and the purchase price of, Credit Facility Bonds shall be payable by wire transfer to the Credit Facility Provider. 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. 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 such payment during the intervening period. 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 (i) so long as 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 during any Fixed Rate Period that is six years or longer 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 excluding the calendar year during which such Fixed Rate Period ends) and that shall decline by one-half of one percent annually thereafter. (c) Mandatory Sinking Fund Redemption. The Bonds are subject to mandatory redemption prior to maturity on January 1, 198 , and on each January 1 thereafter from Sinking Fund Installments deposited in the Principal Account (created by the Indenture) at a redemption price equal to the principal amount of the Bonds redeemed, plus accrued interest to the date fixed for redemption. (d) Mandatory Redemption Upon Determination of Taxability. The Bonds are subject to mandatory redemption prior to maturity, as a whole or, as hereinafter provided, in part, at a redemption price equal to the A-8