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<br />10 <br />Redemption* <br />Optional Redemption. The Bonds maturing on or before November 1, 20__ are not <br />subject to optional redemption prior to their stated maturity. The Bonds maturing on or after <br />November 1, 20__ are subject to redemption, as a whole or in part at the election of the <br />Authority among maturities on such basis as designated by the Authority and by lot within a <br />maturity, at the option of the Authority, on November 1, 20__ and on any date thereafter, at a <br />redemption price equal to 100% of the principal amount of Bonds to be redeemed, together with <br />accrued interest thereon to the date fixed for redemption, without premium. <br />Special Mandatory Redemption From Insurance or Condemnation Proceeds. The <br />Bonds are subject to redemption as a whole, or in part on a pro rata basis among maturities, on <br />any date, from any Net Proceeds of insurance or an eminent domain award with respect to the <br />Leased Property which are not applied to repair, rebuild or replace the Leased Property as <br />provided in the Indenture, at a redemption price equal to 100% of the principal amount to be <br />redeemed plus interest accrued thereon to the date fixed for redemption, without premium. <br />Mandatory Sinking Fund Redemption. The Bonds maturing on November 1, 20__ <br />(the “Term Bonds”) are subject to mandatory redemption in part by lot, at a redemption price <br />equal to 100% of the principal amount thereof to be redeemed, without premium, in the <br />aggregate respective principal amounts and on November 1 in the respective years as set forth <br />in the following tables; provided, however, that if some but not all of the Term Bonds have been <br />redeemed pursuant to an optional redemption or special mandatory redemption from insurance <br />or condemnation proceeds, the total amount of all future sinking fund payments shall be <br />reduced by the aggregate principal amount of the Term Bonds so redeemed, to be allocated <br />among such sinking fund payments on a pro rata basis in integral multiples of $5,000 (as set <br />forth in a schedule provided by the Authority to the Trustee). <br /> <br />Mandatory Sinking Fund Redemption of <br />Term Bonds Maturing <br />November 1, 20__ <br />Sinking Fund <br />Redemption Date <br />(November 1) <br /> <br />Principal Amount <br />To Be Redeemed <br /> $ <br />Notice of Redemption. Notice of redemption will be mailed by the Trustee, first class, <br />postage prepaid, not more than 60 and not less than 30 days before any redemption date, to the <br />respective registered Owners of any Bonds designated for redemption at their addresses <br />appearing on the registration books maintained by the Trustee and to one or more Securities <br />Depositories and the Municipal Securities Rulemaking Board. Neither the failure to receive any <br />notice nor any defect therein will affect the proceedings for such redemption. <br />Selection of Bonds for Redemption. Whenever provision is made in the Indenture for <br />the redemption of less than all of the Bonds of a single maturity, the Trustee will select the <br />Bonds to be redeemed from all Bonds of that maturity to be redeemed by lot in any manner <br />which the Trustee in its sole discretion deems appropriate. For purposes of such selection, <br /> * Preliminary, subject to change.