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-18- <br />States of America to any registered owner of 2014 Bonds in the aggregate principal amount of <br />$1,000,000 or more who shall furnish written wire instructions to the Trustee prior to the <br />applicable Record Date. Principal of and redemption premium (if any) on any2014Bond shall <br />be paid upon presentation and surrender thereof, at maturity, at the Principal Corporate Trust <br />Office of the Trustee. Both the principal of and interest and premium (if any) on the 2014 Bonds <br />shall be payable in lawful money of the United States of America. <br />Each 2014 Bond shall bear interest from the Interest Payment Date next preceding the <br />date of authentication thereof, unless (a) it is authenticated after a Record Date and on or <br />before the following Interest Payment Date, in which event it shall bear interest from such <br />Interest Payment Date; or (b) a 2014 Bond is authenticated on or before the first Record Date, <br />in which event it shall bear interest from the Closing Date; provided, however, that if, as of the <br />date of authentication of any 2014 Bond, interest thereon is in default, such 2014 Bond shall <br />bear interest from the Interest Payment Date to which interest has previously been paid or made <br />available for payment thereon. <br />Section 2.03. Redemption of 2014 Bonds. <br />(a) OptionalRedemption. The 2014 Bonds maturing on or before September 1, 20__ <br />are not subject to optional redemption prior to maturity. The 2014 Bonds maturing on and after <br />September 1, 20__,are subject to redemption, at the option of the Successor Agency on any <br />date on or after September 1, 20__,as a whole or in part, by such maturities as shall be <br />determined by the Successor Agency, and by lot within a maturity, from any available source of <br />funds, at aredemption price equal tothe principal amount of the 2014 Bonds to be redeemed, <br />together with accrued interest thereon to the date fixed for redemption, without premium. <br />The Successor Agency shall be required to give the Trustee written notice of its intention <br />to redeem 2014 Bonds under this subsection (a) with a designation of the principal amount and <br />maturities to be redeemed at least sixty (60) days prior to the date fixed for such redemption(or <br />such late date as is acceptable to the Trustee), and shall transfer to the Trustee for deposit in <br />the Debt Service Fund all amounts required for such redemption at least five (5) Business Days <br />prior to the date fixed for such redemption. <br />(b) Mandatory Sinking Account Redemption of 2014 Bonds. The 2014 Bonds maturing <br />on September 1, 20__and on September 1, 20__ shall also be subject to redemption in whole, <br />or in part by lot, on September 1 in each of the years as set forth in the following tables, from <br />Sinking Account payments made by the Successor Agency pursuant to Section 4.03(c), at a <br />redemption price equal to the principal amount thereof to be redeemed togetherwith accrued <br />interest thereon to the redemption date, without premium, or in lieu thereof shall be purchased <br />pursuant to the succeeding paragraph of this subsection (b), in the aggregate respective <br />principal amounts and on the respective dates as set forth in the following tables; provided, <br />however,that if some but not all of such 2014 Bonds have been redeemed pursuant to <br />subsection (a) above, the total amount of all future Sinking Account payments pursuant to this <br />subsection (b) with respect to such 2014 Bonds shall be reduced by the aggregate principal <br />amount of such 20-14 Bonds so redeemed, to be allocated among such Sinking Account <br />payments on a pro rata basis in integral multiples of $5,000 as determined by the Successor <br />Agency (written notice of which determination shall be given by the Successor Agency to the <br />Trustee).