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STATEMENT OF INSURANCE <br />MBIA Insurance Corporation (the "Insurer") has issued a policy containing the following provisions, <br />such policy being on file at III~lSERT NAME OF TR t4TFF OR PAYING AG NT IN T rmn~G CIT'Y <br />STATEI • - <br />The Insurer, in consideration of the payment of the premium and subject to the terms of this policy, <br />hereby unconditionally and irrevocably guarantees to any owner, as hereinafter defined, of the following <br />described obligations, the full and complete payment required to be made by or on behalf of the Issuer to <br />IINSERT NAME OF TR 1 TEE OR PAYi1VG Ar NTl or its successor (the "Paying Agent") of an amount <br />equal to (i) the principal of (either at the stated maturity or by any advancement of maturity pursuant to a <br />mandatory sinking fund payment) and interest on, the Obligations (as that term is defined below) as such <br />payments shall become due but shall not be so paid (except that in the event of any acceleration of the due date <br />of such principal by reason of mandatory or optional redemption or accelerarion resulting from default or <br />otherwise, other than any advancement of maturity pursuant to a mandatory sinking fund payment, the payments <br />guaranteed hereby shall be made in such amounts and at such times as such payments of principal would have <br />been due had there not been any such accelerarion); and (ii) the reimbursement of any such payment which is <br />subsequently recovered from any owner pursuant to a final judgment by a court of competent jurisdiction that <br />such payment constitutes an avoidable preference to such owner within the meaning of any applicable <br />bankruptcy law. The amounts referred to in clauses (i) and (ii) of the preceding sentence shall be refened to <br />herein collectively as the "Insured Amounts." "Obligations" shall mean: [INSERT L•EGAL TI OF BOND~, <br />CENTE FD A FO OW~;1 <br />j$ PAR AMOtlNTI <br />jISSIJERI <br />fDESCI~TPTION OF BOND~1 <br />Upon receipt of telephonic or telegraphic notice, such notice subsequently confumed in writing by <br />registered or certified mail, or upon receipt of written notice by registered or certified mail, by the Insurer from <br />the Paying Agent or any owner of an Obligation the payment of an Insured Amount for which is then due, that . <br />such required payment has not been made, the Insurer on the due date of such payment or within one business <br />day after receipt of notice of such nonpayment, whichever is later, will make a deposit of funds, in an account <br />with State Street Bank and Trust Company, N.A., in New York, New York, or its successor, sufficient for the <br />payment of any such Insured Amounts which aze then due. Upon presentment and surrender of sucb. <br />Obligations or presentment of such other proof of ownership of the Obligations, together with any appropr'ate <br />instrurnents of assignment to evidence the assignment of the Insured Amounts due on the Obligations as are Faid <br />by the Insurer, and appropriate instruments to effect the appointment of the Insurer as agent for such owners of <br />the Obligations in any legal proceeding related to payment of Insured Amounts on the Obligations, such <br />instruments being in a form satisfactory to State Street Bank and Trust Company, N.A., State Street Bank and <br />Trust Company, N.A. shall disburse to such owners or the Paying Agent payment of the Insured Amounts due <br />on such Obligations, less any amount held by the Paying Agent for the payment of such Insured Amou~ts and <br />legally available therefor. This policy does not insure against loss of any prepayment premium which may at <br />any time be payable with respect to any Obligation. <br />As used herein, the term "owner" shall mean the registered owner of any Obligadon as indicated in <br />the books maintained by the Paying Agent, the Issuer, or any designee of the Issuer for such purpose. The term <br />owner shall not include the Issuer or any party whose agreement with the Issuer constitutes the underlying <br />security for the Obligations. <br />Any service of process on~t~e Insurer may be made to the Insurer at its offices located at 113 King <br />Street, Armonk, New York 10504 and su.ch service of process shall be valid and binding. <br />This policy is non-cancellable for any reason. The premium on this policy is not refundable for any <br />reason including the payment prior to maturity of the Obligations. <br />MBIA Insurance Corporation <br />STD-R-1 <br />