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<br /> <br />A-3 <br />as a whole or in part, by such maturities as shall be determined by the Successor Agency, and <br />by lot within a maturity, from any available source of funds, at a redemption price equal to the <br />principal amount of the Bonds to be redeemed, together with accrued interest thereon to the date <br />fixed for redemption, without premium. <br /> <br />The Bonds maturing on September 1, 20__ are subject to mandatory sinking account <br />redemption in part by lot, on September 1 in each of the years as set forth in the following table, <br />at a redemption price equal to the principal amount thereof to be redeemed together with accrued <br />interest thereon to the redemption date, without premium; provided, however, that if some but not <br />all of such Bonds have been optionally redeemed pursuant to the preceding paragraph, the total <br />amount of all Bonds to be redeemed thereafter from mandatory sinking account payments shall <br />be reduced on a pro rata basis in integral multiples of $5,000. <br /> <br />Bonds Maturing September 1, 20__ <br /> <br />Sinking Account <br />Redemption Date <br />(September 1) <br /> <br />Principal Amount <br />To Be Redeemed <br /> <br /> <br /> <br /> <br />*Maturity <br /> <br />In lieu of redemption of the Bonds pursuant to the preceding paragraph, amounts on <br />deposit in the Sinking Account or the Redevelopment Obligation Retirement Fund (to the extent <br />not required to be transferred to the Trustee pursuant to the Indenture during the current Bond <br />Year other than for deposit in the Sinking Account) may also be used and withdrawn by the <br />Successor Agency at any time for the purchase of such Bonds at public or private sale as and <br />when and at such prices (including brokerage and other charges and including accrued interest) <br />as the Successor Agency may in its discretion determine. The par amount of any of such Bonds <br />so purchased by the Successor Agency in any twelve-month period ending on July 1 in any year <br />shall be credited towards and shall reduce the par amount of such Bonds required to be redeemed <br />on the next succeeding September 1. <br /> <br />As provided in the Indenture, notice of redemption shall be given by first class mail no less <br />than thirty (30) nor more than sixty (60) days prior to the redemption date to the respective <br />registered owners of any Bonds designated for redemption at their addresses appearing on the <br />Bond registration books maintained by the Trustee, but neither failure to receive such notice nor <br />any defect in the notice so mailed shall affect the sufficiency of the proceedings for redemption. <br /> <br />The Successor Agency has the right to rescind any notice of the optional redemption of <br />Bonds by written notice to the Trustee on or prior to the date fixed for redemption. Any notice of <br />redemption shall be cancelled and annulled if for any reason funds will not be or are not available <br />on the date fixed for redemption for the payment in full of the Bonds then called for redemption, <br />and such cancellation shall not constitute an Event of Default. The Successor Agency and the <br />Trustee have no liability to the Owners or any other party related to or arising from such rescission <br />of redemption. The Trustee shall mail notice of such rescission of redemption in the same manner <br />as the original notice of redemption was sent under the Indenture. <br /> <br />480