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2018 1,500,000 2019 1,500,000 (final maturity) General Redemption Provisions Purchase in Lieu of Redemgtion• Bond Sinking Fund Credits. In lieu of redeeming Bonds (other than optional redemptions of Pledged Bonds), the Trustee may, at the request of the Authority, use funds otherwise available under the Indenture for redemption of Bonds to purchase the Bonds in the open market at a price not exceeding the redemption price then applicable. In the case of any optional or extraordinary redemption or purchase and cancellation of Bonds, the Authority shall receive credit against its required Sinking Fund deposits with respect to the Bonds of the Maturity redeemed or purchased (if Bonds to be converted to a Fixed Rate have been assigned sinking fund redemption dates and maturity dates pursuant to the Indenture) and if such Bonds have not been assigned a Maturity prior to the final Maturity of the Bonds, the Authority shall receive credit against its required Sinking Fund deposits with respect to such Bonds and the final Maturity of the Bonds in such order as the Authority shall designate prior to the redemption or purchase and cancellation or, if no such election is made prior to such redemption or purchase and cancellation, in the inverse order thereof; provided, however, that following such reduction each mandatory Sinking Fund redemption payment is made in an Authorized Denomination. Notice of Redemption. Generally, whenever Bonds are to be redeemed, the Trustee shall give notice of the redemption of the Bonds, which notice shall specify the redemption date, the redemption price to be paid, the place and manner of payment, and that from such redemption date, interest shall cease to accrue on such Bonds so called for redemption. Notice of the redemption of Bonds bearing interest at a Weekly Rate or an Adjustable Long Rate for a Rate Period of 366 days or less will be given by first-class mail, postage prepaid, not less than 10 days and not more than 30 days prior to the date fixed for redemption, and with respect to Bonds bearing interest at an Adjustable Long Rate for a Rate Period in excess of 366 days or a Fixed Rate, not less than 30 days nor more than 60 days prior to the date fixed for redemption, to the registered owner of the Bonds to be redeemed at the address shown on the Bond Register. Failure to give any notice in the manner prescribed by the Indenture or a defect in • the notice as to any Bond will not affect the validity of any proceedings for redemption as to any other Bond for which notice was properly given. Interest will not accrue after the redemption date on any Bond called for redemption if notice has been given and if sufficient moneys have been deposited with the Trustee to pay principal of, premium, if any, and interest on such Bonds to the redemption date. If .less than all of the Bonds are called for redemption, the particular Bonds or portions thereof to be redeemed shall be selected by the Trustee, in a principal amount designated to the Trustee by the Authority, provided, however, that (i) Pledged Bonds shall be redeemed first; (ii) in the case of the redemption of less than all Bonds which bear interest at the same rates for the same Rate Periods, such redemption shall be by lot in such manner as the Trustee may determine; (iii) in the case of Bonds which has been assigned to mandatory sinking fund redemption dates, such Bonds shall be redeemed on such designated dates; and provided further, that the portion of any Bond to be redeemed shall be in a principal amount equal to an Authorized Denomination. In selecting Bonds for redemption, the Trustee shall treat each Bond as representing that number of Bonds which is obtained by dividing the principal amount of such Bond by the minimum Authorized Denomination. LETTER OF CREDIT General Bonds in the Weekly Mode or Adjustable Long Mode will be supported by a credit facility authorized pursuant to the terms of the Indenture (a "Credit Facility"). The Credit Facility will be the Initial Credit Facility issued by the Initial Credit Facility Issuer, or a Renewal Credit Facility or Alternate Credit Facility (the issuer thereof, a "Credit Facility Issuer"). See "RENEWAL CREDIT FACILITIES; ALTERNATE CREDIT FACILITIES". Bonds in a Fixed Mode shall not be supported by any Credit Facility. • -14-