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Redemption of the Bonds <br />The Bonds maturing on or after September 1, shall be subject to redemption, at the option of the <br />Authority, upon at least 45 days prior written notice to the Trustee specifying the date and amount of such <br />redemption, on or after September 1, in whole or in part on any date (by lot within any maturity and <br />among maturities as specified by the Authority) at the following redemption prices, plus accrued interest to the <br />date fixed for redemption: <br />Redemption Period Redemption Price <br />(dates inclusive) (percentage of principal amount) <br />September 1, through August 31, % <br />September 1, through August 31, <br />September 1, and thereafter <br />The Bonds maturing on September 1, , are subject to mandatory sinking fund redemption prior to <br />maturity on September 1, , and each September 1 thereafter to maturity from mandatory sinking fund <br />payments equal to the principal amount in the principal amounts as set forth in the table below, with accrued <br />interest to date set for redemption, without premium as follows: <br />Bonds Maturing September 1, <br />Redemption Date Principal Amount to <br />(September 1) be Redeemed <br />(maturity) <br />Notice of Redemption; Conditional Notice. Notice of redemption shall be given by the Trustee, not <br />less than 30 nor more than 60 days prior to the redemption date to (i) the respective Owners of the Bonds <br />designated for redemption at their addresses appearing on the registration books of the Trustee by first class mail <br />and (ii) the Securities Depositories and the Information Services by certified or registered mail or overnight <br />delivery. Each notice of redemption shall state the date of such Bonds the CUSIP number (if any) of the <br />maturity or maturities, and, if less than all of any such maturity is to be redeemed, the distinctive certificate <br />numbers of the Bonds of such maturity, to be redeemed and, in the case of the Bonds to be redeemed in part <br />only, the respective portions of the principal amount to be redeemed. Each such notice shall also state that on <br />said date there will become due and payable on each of said Bonds and in the case of a Bond to be redeemed in <br />part only, the specified portion of the principal amount to be redeemed, together with interest accrued to the <br />redemption date, and that from and after such redemption date interest shall cease to accrue, and shall require <br />that such Bonds be then surrendered at the address of the Trustee specified in the redemption notice. <br />The Authority shall have the right to rescind any optional redemption by written notice to the Trustee on <br />or prior to the date fixed for redemption. Any notice of optional redemption shall be cancelled and annulled if <br />for any reason funds will not be or are not available on the date fixed for redemption for the payment in fall of <br />the Bonds then called for redemption, and such cancellation shall not constitute an Event of Default under the <br />Indenture. The Authority and the Trustee shall have no liability to the Owners or any other party related to or <br />arising from such rescission of redemption. The Trustee shall mail notice of such rescission of redemption in <br />the same manner as the original notice of redemption was sent. <br />Effect of Redemption. The Bonds so called for redemption being held by the Trustee, on the <br />redemption date designated in such notice, the Bonds so called for redemption shall become due and payable, <br />interest on the Bonds so called for redemption shall cease to accrue, said Bonds shall cease to be entitled to any <br />benefit or security under the Indenture, and the Owners of said Bonds shall have no rights in respect thereof <br />except to receive payment of the redemption p180Ape1 ire by the Trustee to give notice pursuant to this <br />