RDA Reso 2004-005 - Laserfiche WebLink

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Redemption Optional Redemption. The Bonds maturing on or before September 1, 2012, are not subject to optional redemption prior to maturity. The Bonds maturing on and after September 1, 2013, are subject to redemption, at the option of the Agency, on any date on or after September 1, 2012, as a whole or in part, by such maturities as shall be determined by the Agency, and by lot within a maturity, from any available source of funds, at the following redemption prices (expressed as percentages of the principal amount of the Bonds to be redeemed) together with accrued interest thereon to the date fixed for redemption. Redemption Redemption Periods Price September 1, 2012 through August 31, 2013 102% September 1, 2013 through August 31, 2014 101 September 1, 2014 and thereafter 100 Mandatory Sinking Fund Redemption. The Bonds maturing on September 1, 20 and September 1, 20 shall also be subject to mandatory redemption in whole, or in part by lot, on September 1, 20~ and September 1, 20_ in each year set forth below, from sinking fund payments made by the Agency), at a redemption price equal to the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts and on September 1 in the respective years as set forth in the following table; provided however, that (x) in lieu of redemption thereof the Term Bonds may be purchased by the Agency pursuant to the terms of the Indenture, and (y) if some but not all of the Term Bonds have been redeemed pursuant to optional redemption, the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of the Term Bonds so redeemed, to be allocated among such sinking fund payments on a pro rata basis in integral multiples of $5,000 as determined by the Agency (notice of which determination shall be given by the Agency to the Trustee). Term Bonds of 20 September 1 Principal Amount Term Bonds of 20 September 1 Principal Amount -4-