Maturity; Repayment. (1) The term of the Partnership Interests ends on March 31, 2033 (the "Scheduled Partnership Interest Maturity Date"). (2) If the Scheduled Partnership Maturity Date occurs during a Shift Period, the maturity of the Partnership Interests will be extended to the earlier of (i) the date liquidation proceedings are commenced in respect of the LLC in connection with the commencement of liquidation proceedings in respect of the Bank and (ii) the date immediately following the last day of the Shift Period (such earlier date the "Extended Maturity Date" and together with the Scheduled Partnership Maturity Date the "Partnership Interest Maturity Date"). If a Partnership Interest Maturity Date falls on a day that is not a Business Day, the applicable payment will be made on the next Business Day without adjustment, interest or further payment as a result of the delay. (3) Upon maturity, the Partnership Capital Contributions shall be repaid at the then Current Nominal Value of the Partnership Interests, plus accrued and unpaid Distributions for the then current Distribution Period, except where an Extended Maturity Date occurs during the liquidation of the Bank in which case the holders of Partnership Interests shall receive the amounts to which they are entitled in connection with the related liquidation of the LLC in accordance with Section 6 below. (4) Partnership Capital Contributions which have become due for repayment, but are not paid on the Partnership Interest Maturity Date, shall (except as otherwise provided for in the second sentence of Section 3(2)(d)) bear interest from the Partnership Interest Maturity Date (inclusive) until the date of payment (exclusive) at 3.5% p.a.
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