Laserfiche WebLink
<br />B-3 <br />provided in the Indenture, but no such modification or amendment shall extend the fixed <br />maturity of any Bonds, or reduce the amount of principal thereof or premium (if any) <br />thereon, or extend the time of payment, or change the method of computing the rate of <br />interest thereon, or extend the time of payment of interest thereon, without the consent <br />of the owner of each Bond so affected. <br /> <br />[[The Bonds maturing on or before November 1, 2026, are not subject to optional <br />redemption prior to their respective stated maturity dates. The Bonds maturing on or <br />after November 1, 2027, are subject to redemption in whole, or in part at the request of <br />the Authority among maturities on such basis as the Authority may designate and by lot <br />within a maturity, at the option of the Authority, on any date on or after November 1, <br />2026, from any available source of funds, at a redemption price equal to 100% of the <br />principal amount to be redeemed plus accrued interest to the date of redemption, <br />without premium.]] <br /> <br />The Bonds are subject to redemption as a whole, or in part by lot, on any date, to <br />the extent of any net proceeds of hazard or title insurance with respect to the property <br />which has been leased under the Lease (the “Leased Property”) or any portion thereof <br />which are not used to repair or replace the Leased Property pursuant to the Lease, or to <br />the extent of any net proceeds arising from the disposition of the Leased Property or any <br />portion thereof in eminent domain proceedings which the City elects to be used for such <br />purpose pursuant to the Lease, at a redemption price equal to the principal amount <br />thereof plus interest accrued thereon to the date fixed for redemption, without premium. <br /> <br />To the extent Net Proceeds are not sufficient to redeem all Bonds and 2016 <br />Bonds Outstanding, redemption of Bonds and 2016 Bonds pursuant to the Indenture <br />shall be done on a pro rata basis, as designated in writing by the Authority to the <br />Trustee. <br /> <br />As provided in the Indenture, notice of redemption will be mailed by the Trustee <br />by first class mail not less than 30 nor more than 60 days prior to the redemption date to <br />the respective owners of any Bonds designated for redemption at their addresses <br />appearing on the registration books of the Trustee, but neither failure to receive such <br />notice nor any defect in the notice so mailed shall affect the sufficiency of the <br />proceedings for redemption or the cessation of accrual of interest thereon from and after <br />the date fixed for redemption. Notice of any optional redemption of the Bonds may be <br />rescinded under the circumstances set forth in the Indenture, upon notice to the owners <br />of such Bonds. <br /> <br />If this Bond is called for redemption and payment is duly provided therefor as <br />specified in the Indenture, interest shall cease to accrue hereon from and after the date <br />fixed for redemption. <br /> <br />This Bond is transferable by the Registered Owner hereof, in person or by his <br />attorney duly authorized in writing, at the Trust Office, but only in the manner, subject to <br />the limitations and upon payment of the charges provided in the Indenture, and upon <br />surrender and cancellation of this Bond. Upon registration of such transfer, a new Bond <br />or Bonds, of authorized denomination or denominations, for the same aggregate <br />principal amount and of the same maturity will be issued to the transferee in exchange <br />herefor. This Bond may be exchanged at the Trust Office for Bonds of the same tenor,