10B Action 2009 1221 - Laserfiche WebLink

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Mandatory Sinking Fund Redemption. The 2010 Bonds maturing on September 1, 20 shall also be subject to mandatory redemption in whole, or in part by lot, on September 1, 20 on September 1 in each year thereafter as 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 September 1 Principal Amount General Redemption Provisions Notice of Redemption. The Trustee on behalf and at the expense of the Agency is required to mail (by first class mail, postage prepaid) notice of any redemption at least thirty (30) but not more than sixty (60) days prior to the redemption date, to (i) to the Owners of any 2010 Bonds designated for redemption at their respective addresses appearing on the Registration Books, and (ii) the Securities Depositories and to one or more Information Services designated in a Written Request of the Agency filed with the Trustee; but such mailing shall not be a condition precedent to such redemption and neither failure to receive any such notice nor any defect therein shall affect the validity of the proceedings for the redemption of such 2010 Bonds or the cessation of the accrual of interest thereon. Such notice is required to state the redemption date and the redemption price, shall state that such redemption is conditioned upon the timely delivery of the redemption price by the Agency to the Trustee for deposit in the Redemption Account, shall designate the CUSIP number of the 2010 Bonds to be redeemed, shall state the individual number of each 2010 Bond to be redeemed or shall state that all 2010 Bonds between two stated numbers (both inclusive) or all of the 2010 Bonds Outstanding are to be redeemed, and shall require that such 2010 Bonds be then surrendered at the Principal Corporate Trust Office of the Trustee for redemption at the redemption price, giving notice also that further interest on such 2010 Bonds will not accrue from and after the redemption date. The Agency shall have the right to rescind any optional redemption by written notice to the Trustee on or prior to the date fixed for redemption. Selection of Bonds for Redemption. Whenever any 2010 Bonds or portions thereof are to be selected for redemption by lot, the Agency shall make such selection, in such manner as the Agency shall deem appropriate, and if the Agency fails to make such selection, the Trustee shall make such selection, in such manner as the Trustee shall deem appropriate, and shall notify the Agency thereof to the extent 2010 Bonds are no longer held in book-entry form. In the event of redemption by lot of 2010 Bonds, the Trustee shall assign to each 2010 Bond then Outstanding a distinctive number for each $5,000 of the principal amount of each such -5-