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make such calculation. The Trustee and the City may conclusively rely on such determination and will not be liable for such reliance. For the purpose of determining the Make -Whole Redemption Price, the following definitions apply: "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 or 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 Bonds maturing on [June 1], 20_ (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 As provided in the Indenture, the Trustee is required to mail notice of redemption of any Bonds by first class mail, postage prepaid, not less than 30 nor more than 60 days before the redemption date, to the registered owners of the Bonds to be redeemed, but neither failure to receive such notice nor any defect in the notice so mailed affects the sufficiency of the B -3