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24 <br />Redemption Date Optional Redemption Price <br />First Optional Redemption Date, through the <br />following last day of June <br />103% <br />First Anniversary of the First Optional <br />Redemption Date, through the following last day <br />of June <br />102% <br />Second Anniversary of the First Optional <br />Redemption Date, through the following last day <br />of June <br />101% <br />Third Anniversary of the First Optional <br />Redemption Date and thereafter <br />100% <br />Mandatory Sinking Fund Redemption. In the event the Bonds bear interest at the Fixed <br />Interest Rate, the Bonds shall be subject to mandatory redemption pursuant to mandatory sinking <br />fund requirements, at a redemption price of 100% of the principal amount redeemed plus interest <br />accrued to the redemption date, on each January 1, April 1, July 1 and October 1, commencing on <br />the January 1, April 1, July 1 or October 1 immediately succeeding the conversion to the Fixed <br />Interest Rate, in the principal amounts (if any) set forth in the Reimbursement Agreement. The <br />mandatory sinking fund redemption requirements shall apply for the remaining term for which the <br />Bonds would be outstanding if the Bonds bear interest at the Fixed Interest Rate. <br />General Redemption Provisions. If less than all Bonds of a single maturity are to be <br />redeemed, their selection shall be made by lot by the Trustee. If Bonds or portions thereof are <br />called for redemption and if on the redemption date moneys for the redemption thereof are held by <br />the Trustee, thereafter those Bonds or portions thereof to be redeemed shall cease to bear interest <br />and shall cease to be secured by, and shall not be deemed to be outstanding under, the Indenture. <br />PART III. GENERAL PROVISIONS <br />The Indenture permits certain amendments or supplements to the Agreement and the <br />Indenture not prejudicial to the Holders to be made without the consent of or notice to the Holders, <br />and other amendments or supplements thereto to be made with the consent of the Holders of not <br />less than a majority in aggregate principal amount of the Bonds then outstanding. <br />The Holder of each Bond has only those remedies provided in the Indenture. <br />This Bond shall not be entitled to any security or benefit under the Indenture or be valid or <br />become obligatory for any purpose until the certificate of authentication hereon shall have been <br />signed. <br />It is certified and recited: that there have been performed and have happened in regular and <br />due form, as required by law, all acts and conditions necessary to be done or performed by the <br />Issuer or to have happened (i) precedent to and in the issuing of the Bonds in order to make them <br />legal, valid and binding special and limited obligations of the Issuer, and (ii) precedent to and in <br />the execution and delivery of the Indenture and the Agreement; that payment in full for the Bonds <br />has been received; and that the Bonds do not exceed or violate any constitutional or statutory <br />limitation.