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"Treasury Rate" means, with respect to any redemption of a particular Bond, the rate per annum truncated to the fifth decimal, expressed as a percentage of such Bond, equal to the semiannual equivalent yield to maturity or interpolated maturity of the Comparable Treasury Issue, assuming that the Comparable Treasury Issue is purchased on the redemption date for a price resulting in the Comparable Treasury Issue Rate (which was determined on the Valuation Date). "Comparable Treasury Issue" means, with respect to any redemption date of a particular Bond, the United States Treasury security which has an actual or interpolated maturity comparable to the remaining average life of the Bond to be redeemed, and that would be utilized in accordance with customary financial practice in pricing new issues of debt securities of comparable maturity to the remaining average life of the Bonds to be redeemed. "Comparable Treasury Issue Rate" means, with respect to any redemption date for a particular Bond, the most recent yield data for the applicable U.S. Treasury maturity index from the Federal Reserve Statistical Release H.15 Daily Update (or any comparable or successor publication) reported, as of 11:00 a.m., New York City time, on the Valuation Date. "Valuation Date" means the fifth Business Day preceding the redemption date. The Bonds maturing on or after [June 1], 20_ are also subject to redemption at the option of the City prior to their respective maturity dates in whole or in part (and if in part, to be selected as described in subsection (d) below), on any Business Day on or after [June 1], 20_, at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed, plus accrued but unpaid interest to the date fixed for redemption, without premium. The City shall give the Trustee written notice of its intention to redeem Bonds under this subsection (a), and the manner of selecting such Bonds for redemption from among the maturities thereof and the amount of the redemption premium thereon, at least forty -five (45) days prior to the date set for redemption to enable the Trustee to give notice of such redemption in accordance with subsection (c) of this Section.] (b) Mandatory Sinking Fund Redemption The Term Bonds are subject to mandatory redemption, within a maturity on a pro rata basis among the Beneficial Owners of the Term Bonds of such maturity, at a redemption price equal to 100% of the principal amount thereof to be redeemed, without premium, in the aggregate respective principal amounts and on [June 1] in the respective years as set forth in the following table. Sinking Fund Redemption Date Principal Amount June 1 To Be Redeemed (c) Notice of Redemption The Trustee on behalf and at the expense of the City will mail (by first class mail) notice of any redemption to the respective Owners of Bonds designated 0