1994-05-17 Resolution 91 - Laserfiche WebLink

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held in book- entry -only form, payments of principal of and redemption premium, if any, and interest on the Bonds • will be paid by the Trustee only to DTC or its nominee. Neither the Authority nor the Trustee will have any responsibility for a Beneficial owner's receipt from DTC or its nominee, or from any DTC Participant (as hereinafter defined) or Indirect Participant (as hereinafter defined), of any payments of principal of or redemption premium, if any, or interest on any Bonds. See "Book - Entry-Only System." Redemption Optional Redemption. The Bonds will be subject to redemption prior to maturity, at the option of the Authority, on February 1, 2004, or at any time thereafter, in whole or in part, at the respective redemption prices, expressed as percentages of the principal amount of the Bonds to be redeemed, set forth below, together with accrued interest to the redemption date: Redemption Period Redemption (both dates inclusive) Price February 1, 2004 to January 31, 2005 102% February 1, 2005 to January 31, 2006 101% February 1, 2006 (and thereafter) 100% Extraordinary Optional Redemption. In the event that all or a portion of the facilities subject to the Lease are damaged or destroyed to such an extent that it is not practicable or possible to restore and reconstruct the same pursuant to the Lease, the Bonds may be subject to extraordinary optional redemption in whole at any time at a price equal to 100% of the principal amount of the Bonds plus interest accrued to the date of redemption. Mandatory Sinking Fund Redemption. The Bonds maturing on February 1, 2017 (the "Term Bond "), are subject to mandatory sinking fund redemption prior to maturity at a redemption price equal to the principal amount • of the Term Bond to be redeemed plus accrued interest to the redemption date, but without any redemption premium, on February 1 of the years and in such respective amounts set forth below: Year* Principal Amount* 2008 $ 320,000 2009 340,000 2010 365,000 2011 385,000 2012 410,000 2013 440,000 2014 465,000 2015 495,000 2016 530,000 2017 565,000 (final maturity) *Preliminary; subject to change. -3-