1998-10-19 Resolution 130 - Laserfiche WebLink

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.. • Date Amount (final maturity) (ii) The Bonds maturing August 1, 2003, are also subject to mandatory sinking fund redemption prior to maturity at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to the redemption date, but without premium on the dates and in the principal amounts indicated below: Date Amount (final maturity) (iii) The Bonds maturing August 1, 2004, are also subject to mandatory sinking fund redemption prior to maturity at a redemption price equal to 100% of the principal amount thereof, plus accrued interest to the redemption date, _ but without premium on the date and in the principal amounts indicated below: Date mount (final maturity) The Trustee shall credit against the mandatory sinking fund requirement. for the Bonds maturing as term bonds, and corresponding mandatory redemption obligations, in the order determined by the Authority, any Bonds maturing as term bonds which have previously been redeemed (otherwise than as a result of a previous mandatory redemption requirement) or delivered to the Trustee for cancellation or purchased for cancellation by the Authority and not theretofore applied as a credit against any redemption obligation. Each Bond maturing as a term bond so delivered or canceled shall be credited by the Trustee at 100% of the principal amount thereof against the mandatory sinking fund obligation on such mandatory sinking fund date, and any excess of such amount shall be credited on future redemption obligations, and the principal amount of the Bonds to be redeemed by operation of the mandatory sinking fund requirement shall be accordingly reduced; provided, however, the Trustee shall only credit such Bonds maturing as term bonds to the extent received on or before 45 days preceding the applicable mandatory redemption date. Section 4.02. To evidence its intention to exercise the right of redemption, the Authority shall, not less than forty-five (45) days prior to the date selected for redemption, file with • the Trustee written notice of its intention to redeem, designating the date fixed for redemption, and ::ODMA~PCDOCS~SBDOCS 1~24203~2 -15-