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23 <br />of the Initial BSBY Rate Bond Purchaser to waive the mandatory tender of the Bonds pursuant to <br />the Indenture in accordance with this paragraph shall apply similarly with respect to each extended <br />Initial BSBY Rate Period Termination Date, in each case extending the Initial BSBY Rate Period <br />for an additional five-year period. <br />PART II. REDEMPTION PROVISIONS <br />Unless waived by any Holder of Bonds to be redeemed, official notice of any redemption <br />of the Bonds shall be given by the Trustee or the Trustee on behalf of the Issuer by mailing a copy <br />of an official redemption notice by first-class mail at least 30 days and not more than 60 days prior <br />to the date fixed for redemption (except in the case of a mandatory redemption upon a <br />Determination of Taxability (as defined in the Indenture), in which case such notice shall be given <br />at least 5 days and not more than 15 days prior to the date fixed for redemption) to the registered <br />owner of the Bond or Bonds to be redeemed at the address shown on the Register (as defined in <br />the Indenture) or at such other address as is furnished in writing by such registered owner to the <br />Trustee. <br />Extraordinary Optional Redemption. The Bonds are subject to redemption by the Issuer, <br />at the option of the Borrower, if the events described in Section 6.2 of the Agreement occur, (a) at <br />any time in whole, or (b) on any Interest Payment Date in part in the event of condemnation of <br />part of the Project, as provided in Section 6.2 of the Agreement, in each case, at a redemption price <br />of 100 percent of the principal amount redeemed, plus interest accrued to the redemption date. <br />Mandatory Redemption Upon a Determination of Taxability. Upon the occurrence of a <br />Determination of Taxability, all Bonds to which such Determination of Taxability is applicable <br />are subject to mandatory redemption in whole at a redemption price equal to 100% of the <br />outstanding principal amount thereof, plus interest accrued to the redemption date, at the earliest <br />practicable date selected by the Trustee, after consultation with the Borrower, but in no event later <br />than 45 days following receipt by the Trustee of notice of the Determination of Taxability. <br />Optional Redemption. Any Bonds in the BSBY Rate Mode are subject to optional <br />redemption in whole or in part (and if in part in denominations of $100,000 or any integral multiple <br />of $5,000 in excess thereof) on any Interest Payment Date, at the written direction of the Borrower, <br />at a Redemption Price equal to the aggregate principal amount of the Bonds to be redeemed plus <br />accrued interest thereon to the redemption date, without premium, to the extent of optional <br />prepayments of the Loan in accordance with the Agreement. In addition, unless previously <br />redeemed, the Bonds are subject to redemption at the option of the Issuer, upon the direction of <br />the Borrower, (i) if the Bonds do not bear interest at the Fixed Interest Rate, in part (in integral <br />multiples of $5,000, provided that the unredeemed portion of any Bond redeemed in part shall be <br />$100,000 or more) on any Interest Payment Date or in whole at any time at the redemption price <br />of 100% of the principal amount redeemed plus accrued interest thereon to the redemption date, <br />and (ii) after the Fixed Interest Rate Commencement Date and on or after the First Optional <br />Redemption Date, in whole or in part (in integral multiples of $5,000, provided that the <br />unredeemed portion of any Bond redeemed in part shall be $100,000 or more) at any time at a <br />redemption price equal to the following percentages of the principal amount redeemed, plus in <br />each case accrued interest to the date fixed for redemption.