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(1) Following the Conversion Date for any Bond, the duration of the Fixed Mode for all Bonds
<br />• converted on such Conversion Date; and for any Bond in an Adjustable Long Mode, the length
<br />of the Rate Period then in effect.
<br />(2) Following the Conversion Date for any Bond, measured from such Conversion Date.
<br />(3) Following the Conversion Date for any Bonds, measured to Maturity.
<br />Notwithstanding the schedule shown above, prior to the actual conversion of the Bonds to a different mode,
<br />the Authority may redeem such Bonds according to another schedule delivered to the Trustee if the Authority also
<br />delivers an Opinion of Bond Counsel to the effect that the alternative schedule of redemption will not adversely
<br />affect the validity and enforceability of the Bonds in accordance with their terms and will not have an adverse effect
<br />on any exemption from federal income taxation to which the interest on the Bonds would otherwise be entitled.
<br />The Authority may only cause an optional redemption of the Bonds in an Adjustable Long Mode which
<br />would require payment of a premium if on the date of giving the notice of redemption the Trustee can draw under
<br />the Credit Facility in an amount sufficient to pay such premium due on the date of redemption.
<br />In addition, the Bonds in an Adjustable Long Mode shall be subject to optional redemption prior to Maturity
<br />by the Authority, from money on deposit in the LOC Redemption Account of the Redemption Fund, in whole or
<br />in part (and if. in part in an Authorized Denomination) on any Rate Change Date therefor, at a redemption price of
<br />10040 of the principal amount thereof plus interest accrued, if any, to the redemption date.
<br />Bonds which are Pledged Bonds are subject to optional redemption upon the conditions set forth in the
<br />Indenture.
<br />Extraordinary Optional Redemption. In the event that all or a portion of the facilities subject to the. Lease
<br />are damaged or destroyed to such an extent that it is not practicable or possible to restore and reconstruct the same
<br />pursuant to the Lease, the Bonds are subject to extraordinary redemption in whole or in part at any time at a price
<br />equal to 10030 of the principal amount of the Bonds plus interest accrued to the date of redemption.
<br />Mandatory Sinking Fund Redemption
<br />With respect to the payment of Bonds on final Maturity or by mandatory sinking fund redemption through
<br />the Sinking Fund, the Authority shall have on deposit in the Sinking Fund (a) if prior to the Conversion Date with
<br />respect to a Bond, on the first Business Day occurring on or after February 1, 2006, and on the first Business Day
<br />occurring on or after each February 1 thereafter, or (b) if after the Conversion Date with respect to a Bond, on
<br />February 1 of each year, and (c) on February 1, 2019 moneys to carry out redemption or payment of Bonds,
<br />without premium, in the amounts and at the times respectively, as follows:
<br />February 1 Principal
<br />Of The Year Amount
<br />2006 $ 1,050,000
<br />2007 1,100,000
<br />2008 1,100,000
<br />2009 1,100,000
<br />2010 1,200,000
<br />2011 1,200,000
<br />2012 1,300,000
<br />2013 1,300,000
<br />2014 1,400,000
<br />2015 1,400,000
<br />•
<br />2016 1,400,000
<br />2017 1,500,000
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