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2025 <br />2026 <br />2027 <br />2028 <br />2029 <br />2030 <br />2031 <br />2032 <br />2033 <br />2034 <br />2035 <br />2036 <br />2037 <br />2038 <br />2039 <br />2040 <br />2041 <br />2042 <br />2043 <br />2044 <br />2045 <br />2046 <br />2047 <br />2048 <br />2049 <br />2050 <br />2051 <br />The City promises to pay interest on the unpaid principal amount hereof (calculated on the basis <br />of a 360 -day year of twelve 30 -day months) from the Dated Date at the respective Interest Rate <br />per annum specified above. Interest is payable on June 15, 2023 and on each December 15 and <br />June 15 thereafter to the date of payment of the principal installment specified above, or the date <br />of redemption prior to maturity; except, that if this Bond is required to be authenticated and the <br />date of its authentication is later than the first Record Date (hereinafter defined), such principal <br />amount shall bear interest from the interest payment date next preceding the date of <br />authentication, unless such date of authentication is after any Record Date but on or before the <br />next following interest payment date, in which case such principal amount shall bear interest <br />from such next following interest payment date; provided, however, that if on the date of <br />authentication hereof the interest on the Bond or Bonds, if any, for which this Bond is being <br />exchanged is due but has not been paid, then this Bond shall bear interest from the date to which <br />such interest has been paid in full." <br />(C) The initial Bond shall be numbered "T-1." <br />A-8 <br />