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1994-06-21 Minutes
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1994-06-21 Minutes
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• (e) If any Bond is transferred or exchanged on the Bond <br />Register by the Bond Registrar after notice has been given calling <br />such Bond for redemption, the Trustee will attach a copy of such <br />notice to the Bond issued in connection with such transfer or <br />exchange. <br />Section 512. No__ Partial Redemption After Default. <br />Anything in this Indenture to the contrary notwithstanding, if <br />there shall have occurred and be continuing an Event of Default of <br />which an officer of the Trustee has actual knowledge, there shall <br />be no redemption of less than all of the Bonds at the time <br />outstanding. <br />Section 513. Selection of Bonds To Be Redeemed. If less <br />than all the Bonds shall be called for redemption under any <br />provision of this Indenture permitting such partial redemption, the <br />particular Bonds or portions 'thereof to be redeemed shall be <br />selected by the Trustee, in the principal amount designated to the <br />Trustee by the Authority or otherwise as required by this <br />Indenture; ,provided, however, that (i) Pledged Bonds shall be <br />redeemed first; (ii) in the case of the redemption of less than all <br />Bonds which bear interest at the same rates for the same Rate <br />Periods, such redemption shall be by lot in such manner as the <br />Trustee may determine among such Bonds; (iii) in the case of the <br />mandatory Sinking Fund redemption of Bonds which have been assigned <br />• to a particular mandatory Sinking Fund redemption date pursuant to <br />Section 510(e)(ii) hereof, such Bonds shall be redeemed on the <br />designated dates; and (iv) subject to other applicable provisions <br />of this Indenture, the portion of any Bond to be redeemed shall be <br />in a principal amount equal to an Authorized Denomination. In <br />selecting Bonds for redemption, the Trustee shall treat each Bond <br />as representing that number of Bonds which is obtained by dividing <br />the principal amount of such Bond by the minimum Authorized <br />Denomination. If it is determined that one or more, but not all, <br />of the integral multiples of the Authorized Denomination of <br />principal amount represented by any Bond is to be called for <br />redemption, then, upon notice of intention to redeem such integral <br />multiple of an Authorized Denomination, the owner of such Bond <br />shall forthwith surrender such Bond to the Trustee for (a) payment <br />to such owner of the redemption price of the integral multiple of <br />the Authorized Denomination of principal amount called for <br />redemption and (b) delivery to such owner of a new Bond or Bonds <br />in the aggregate principal amount of the unredeemed balance of the <br />principal amount of such Bond. New Bonds representing the <br />unredeemed balance of the principal amount of such Bond shall be <br />issued to the registered owner thereof without charge therefor. <br />Section 514. Limit on Remarketinct. (a) Any Bond <br />purchased pursuant to Section 501, 502, 503, 504 or 505 of this <br />Indenture from the date notice is given of redemption of such Bond <br />pursuant to Section 511 hereof through the date for such redemption <br />• <br />54 <br />
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