05-13-2020 Council Packet - Laserfiche WebLink

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12316306v3 A-3 Redemption Date Premium May 1, 2025 to and including April 30, 2026 2.00% May 1, 2026 to and including April 30, 2027 1.00% and thereafter without premium. The Bonds of this series are subject to mandatory redemption through application of the Sinking Fund provided for in the Indenture, from Loan Repayments to be made by the Borrower at a redemption price equal to par plus accrued interest to the date of redemption. The Bonds of this series are subject to extraordinary redemption, at the direction of the Borrower, on any business day, in whole or in part, and if in part in integral multiples of $5,000 and in such order of maturities as shall be selected by the Borrower and by random selection within a maturity, in certain events of damage to or destruction or condemnation of the Project Facilities, or change of law, as provided in Sections 4.07, 5.10 and 5.11 of the Loan Agreement, at a redemption price equal to par plus accrued interest. The Bonds of this series are subject to mandatory redemption in the event of a Determination of Taxability, as defined in the Indenture. In the event of a Determination of Taxability, the Borrower is obligated to cause each of the Bonds of this series to be redeemed at a redemption price equal to par, plus accrued interest, plus a premium equal to 3.00% of the principal amount of the Bonds to be redeemed. Subject to the provisions of the Book-Entry System described in the Indenture, notice of any such redemption shall be given to the registered owner of each such Bond by first class mail, addressed to such owner at its registered address, not earlier than sixty days nor later than thirty days prior to the date fixed for redemption and shall be published as may be required by law. Prior to the date fixed for redemption, funds shall be deposited with the Trustee sufficient to pay the Bonds called and accrued interest thereon, plus any premium required. Upon the happening of the above conditions, Bonds thus called shall not bear interest after the call date and, except for the purpose of payment, from the funds so deposited, shall no longer be protected by the Indenture. This Bond is transferable, as provided in the Indenture, only upon the registration records kept at the office of the Trustee by the registered owner hereof in person or by his/her duly authorized attorney, upon surrender of this Bond for transfer at the office of the Trustee, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Trustee duly executed by the registered owner hereof or his/her duly authorized attorney, and, upon payment of any tax, fee or other governmental charge required to be paid with respect to such transfer, one or more fully registered Bonds of this series of the same principal amount and interest rate will be issued to the designated transferee or transferees. The Bonds of this series are issuable only as fully registered bonds without coupons in denominations of $5,000 or any integral multiple thereof not exceeding the principal amount maturing in any year. As provided in the Indenture and subject to certain limitations therein set