55B - RESO - WARNER ASSESSMENT DISTRICT

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Interest Payment Date to which interest has previously been paid or made available for payment thereon or from the Closing Date, if no interest has previously been paid or made available for payment thereon. (D) Method of Pa, ran ent. Interest on the Bonds is payable by check of the Fiscal Agent mailed by first class mail, postage prepaid, on each Interest Payment Date, until the principal amount of a Bond has been paid or made available for payment, to the registered Owner thereof at such registered Owner's address as it appears on the registration books maintained by the Fiscal Agent at the close of business on the Record Date preceding the Interest Payment Date. All Bonds paid by the Fiscal Agent pursuant to this subsection shall be canceled by the Fiscal Agent. Principal of, redemption premium, if any, and interest payable to any Owner of Bonds in aggregate principal amount of $1,000,000 or more will be paid, upon the written request of any such Owner in form and substance satisfactory to the Fiscal Agent, by wire transfer of immediately available funds to an account within the United States designated by such Owner on or before a Record Date. (E) CUSIP Identification Numbers. " CUSIP" identification numbers shall be imprinted on the Bonds, but such numbers shall not constitute a pant of the contract evidenced by the Bonds. In addition, failure on the part of the City or the Fiscal Agent to use such CUSIP nuinbers in any notice to the Owners shall not constitute an event of default or any violation of the City's contract with the Owners and shall riot impair the effectiveness of any such notice. Section 2.03 Redem tp ioin. (A) Optional Redemption. Tlae Bonds maturing on and after September 2, 20_ are subject to redemption prior to their stated maturity dates on September 2, 20 or on any Interest Payment Date thereafter, in full or in part, on a pro rata basis among maturities (and by lot within any one maturity), in integral multiples of $5,000, at the option of the City from moneys derived by the City from any source, at the following redemption prices (expressed as percentages of the principal amount of the Bonds to be redeemed), together with accrued interest to the date of redemption: Redemption Dates Redemption Price September 2, 20 and March 2, 20_ 10 % September 2, 20� and March 2, 20_ 10 % September 2, 20_ and thereafter 10_% (B) Mandatory Redemption From Assessment Prepayments. The Bonds are subject to mandatory redemption prior to their stated maturity dates on any Interest Payment Date, as selected by the City, in integral multiples of $5,000, from moneys derived by the City from Assessment Prepayments, at the following redemption prices (expressed as percentages of the principal amount of the Bonds to be redeemed), together with accrued interest to the date of redemption: Redemption Dates Redemption Price -12- 55B -32