O-2005-2858 - Laserfiche WebLink

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fixed for redemption, plus a Breakage Fee, if any, as defined and determined in accordance with the Ordinance. THE OBLIGATIONS 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 Obligations or the portions thereof so called for redemption plus accrued interest to the date fixed for redemption: Mandatory Redemotion Dates January 25, 2007 January 25, 2008 January 25, 2009 January 25,2010 January 25,2011 January 25,2012 January 25,2013 January 25, 2014 January 25, 2015 January 25,2016 Princioal Amounts $262,500 262,500 262,500 262,500 262,500 262,500 262,500 262,500 262,500 262,500 THE PARTICULAR OBLIGATIONS to be redeemed shall be selected by the Registrar by lot or other customary random selection method, on or before December 10 of each year immediately preceding a mandatory redemption date. The principal amount of Obligations to be mandatorily redeemed in each year shall be reduced by the principal amount of such Obligations that have been optionally redeemed pursuant to subparagraph (a) above on or before December 10 of such year and which have not been made the basis for a previous reduction. OBLIGATIONS MAY BE REDEEMED only in such amounts as will result in the unredeemed balance of Obligations being outstanding in Authorized Denominations. Upon presentation and surrender of any Obligation for redemption in part, the Paying AgentlRegistrar, in accordance with the provisions of this Ordinance, shall authenticate and deliver in exchange therefor an Obligation or Obligations of like maturity and interest rate in an aggregate principal amount equal to the unredeemed portion of the Obligation so surrendered. NOTICE OF ANY SUCH REDEMPTION, identifying the Obligations or portions thereof to be redeemed, shall be sent by United States mail, first class, postage prepaid, to the Registered Owners thereof at their addresses as shown on the books of registration kept by the Paying AgentlRegistrar, not less than thirty (30) days before the date fixed for such redemption; provided, however, that so long as Wachovia Bank, National Association, is the Paying Agent/Registrar and the sole Registered Owner of the Obligations, no such notice shall be required. By the date fixed for redemption, due provision shall be made with the Paying Agent/Registrar for the payment of the redemption price of the Obligations called for redemption. If such notice of redemption is given, and if due provision for such payment is made, all as provided above, the Obligations which are to be so redeemed thereby automatically shall be redeemed prior to their scheduled maturities, they shall not bear interest after the date fixed for redemption, and they shall not be regarded as being outstanding except for the purpose of being paid with the funds so provided for such payment. HOU:2516661.4 B-3