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Section 5.4. Redemption Payments. Prior to the date fixed for redemption in whole, <br /> funds shall be deposited with Trustee to pay, and Trustee is hereby authorized and directed to <br /> apply such funds to the payment of the Series 2017 Bonds or portions thereof called, together <br /> with accrued interest thereon to the redemption date. Upon the giving of notice and the deposit <br /> of funds for redemption, interest on the Series 2017 Bonds thus called shall no longer accrue <br /> after the date fixed for redemption. No payment shall be made by the Paying Agent upon any <br /> Series 2017 Bond until such Series 2017 Bond shall have been delivered for payment or <br /> cancellation or the Trustee shall have received the items required by Section 2.9 hereof with <br /> respect to any mutilated, lost, stolen or destroyed Series 2017 Bond. <br /> Section 5.5. Partial Redemption of Bonds. If fewer than all of the Series 2017 Bonds at <br /> the time outstanding are to be called for redemption, the maturities of Series 2017 Bonds or <br /> portions thereof to be redeemed shall be selected by the Trustee at the written direction of the <br /> Developer. If fewer than all of the Series 2017 Bonds within a maturity are to be redeemed, the <br /> Trustee shall select by lot (meaning also random selection by computer) in such manner as the <br /> Trustee, in its discretion, may determine, the Series 2017 Bonds or portions of Series 2017 <br /> Bonds within such maturity that shall be redeemed. The Trustee shall call for redemption in <br /> accordance with the foregoing provisions as many Series 2017 Bonds or portions thereof as will, <br /> as nearly as practicable, exhaust the moneys available therefor. Particular Series 2017 Bonds or <br /> portions thereof shall be redeemed in part only in $1,000 denominations and any integral <br /> multiples thereof. <br /> If less than the entire principal amount of any registered Series 2017 Bond then <br /> outstanding is called for redemption, then upon notice of redemption given as provided in <br /> Section 5.2 hereof,the Owner of such registered Series 2017 Bond shall forthwith surrender such <br /> Series 2017 Bond to the Paying Agent in exchange for (a) payment of the redemption price of, <br /> and (b) a new Series 2017 Bond or Series 2017 Bonds of like series in an aggregate principal <br /> amount equal to the unredeemed balance of the principal amount of such registered Series 2017 <br /> Bond,which shall be issued without charge therefor. <br /> (End of Article V) <br /> - 25 - <br /> 1\11860514.2 <br />