O-2007-2989 - Laserfiche WebLink

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Section 3.4: Redemption Prior to Maturity. (a) The Certificates maturing on and after March 15, 20_, are subject to redemption prior to maturity, at the option of the City, in whole or in part, on March 15, 20_, or any date thereafter, at par plus accrued interest to the date fixed for redemption. (b) The Certificates maturing on March 15 in the years 20_, 20 , 20 and 20 (the "Term Certificates") are subject to mandatory sinking fund redemption in the following amounts (subject to reduction as hereinafter provided), on the following dates, in each case at a redemption price equal to the principal amount of the Certificates or the portions thereof so called for redemption plus accrued interest to the date fixed for redemption: Term Certificates Maturing March 15, 20 Term Certificates Maturing March 15, 20_ Term Certificates Maturing March 15, 20_ Term Certificates Maturing March 15, 20 Mandatory Redemption Dates Principal Amounts Mandatory Redemption Dates Principal Amounts Mandatory Redemption Dates Principal Amounts Mandatory Redemption Dates Principal Amounts At least 45 days prior to any mandatory redemption date, the Registrar will select by lot or other customary method of random selection the specific Term Certificates (or with respect to Term Certificates having a denomination in excess of $5,000, each $5,000 portion thereof) to be redeemed by mandatory redemption. The principal amount of Term Certificates required to be redeemed on any redemption date pursuant to the foregoing mandatory redemption provisions shall be reduced, at the option of the City, by the principal amount of any Certificates having the same maturity which have been purchased or redeemed by the City as follows, at least 45 days prior to the mandatory redemption date: (i) if the City directs the Paying Agent to purchase such Certificates with money in the debt service fund for such Certificates (at a price not greater than par plus accrued interest to the date of purchase), then a credit of 100% of the principal amount of such Certificates purchased will be made against the next mandatory redemption installment due, or HOU:2690632.2