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mandatory Sinking Fund redemption or payment at Maturity in • accordance with Section 511(f)(ii) hereof which dates, together with any such designations in connection with prior conversions, shall conform to the mandatory Sinking Fund redemption payment schedule for the Bonds set forth in Section 511(f)(i) hereof, (ii) a certification from such Qualified Underwriters that, in their best judgment under prevailing market conditions, the Fixed Rate for each Bond specified in such underwriting or purchase contract equals the minimum interest rate necessary to remarket such Bond on the Conversion Date at 100% of the principal amount thereof and (iii) an Opinion of Bond Counsel addressed to the Authority and the Trustee to the effect that such conversion (A) is authorized or permitted by this Indenture, (B) will not have an adverse effect on any exemption from federal income taxation to which the interest on the Bonds would otherwise be entitled, and (C) will not have an adverse effect on the validity or enforceability of any Bond. The conversion of the interest rate borne by Bonds pursuant to this Section shall not become effective unless prior to 11:00 a.m., New York City time, on the applicable Conversion Date the Trustee and the Tender Agent shall have received an Opinion of Bond Counsel, dated the applicable Conversion Date, reaffirming the conclusions of the opinion accompanying the written direction of the Authority delivered as above required. (b) At least ten days prior to the. Conversion Date, the • Trustee shall give written notice of such election by the Authority to the owners of all Bonds to be converted which notice shall state (i) the Conversion Date and (ii) that such Bonds shall be subject to mandatory purchase on such Conversion Date. The Trustee shall give written notice by first class mail to the Remarketing Agent and to the Credit Facility Issuer of the foregoing information. (c) The Authority, at the direction of the Trustee, shall deliver replacement Bonds bearing the Fixed Rate for converted Bonds surrendered or deemed surrendered by the holder thereof. Any such replacement Bonds shall be executed and authenticated as provided in Section 208 of this Indenture; provided, however, unless the form of the Bonds is revised pursuant to Section 205 hereof, that the Trustee shall affix a legend on the face of each Bond authenticated on or after the Conversion Date therefor in substantially the following form: This Bond bears interest at the. Fixed Rate, as defined in this Bond, of % per annum from and after This Bond is not secured by a Credit Facility. This Bond shall be called for mandatory Sinking Fund redemption on February 1, (d) From the date notice of the proposed establishment of a Fixed Rate with respect to any Bond is received by the Trustee • 61