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19 <br />notice and upon the appointment of a successor Registrar, in which event the predecessor <br />Registrar shall deliver all cash and Bonds in its possession to the successor Registrar. <br />3.05. Redemption. <br />(a) The Bonds may be redeemed at the option of the Authority on or after 1, <br />on any date for which timely notice of redemption can be given, from any source, <br />including proceeds of refunding bonds, at a Redemption Price equal to the principal amount of <br />the Bonds so redeemed plus interest accrued thereon to the Redemption Date. Optional <br />redemption of the Bonds may be conditioned on sufficient funds being deposited in the Bond <br />Fund if this condition is stated in the notice of redemption. In case of any such optional <br />redemption of Bonds the Authority shall notify the Registrar pursuant to an Authority Order, at <br />least forty-five (45) days prior to the Redemption Date fixed by the Authority (unless a shorter <br />notice shall be satisfactory to the Registrar), of such Redemption Date and of the principal <br />amount of Bonds to be redeemed. <br />(b) The Bonds are required to be redeemed on any April 1 payment date at a Redemption <br />Price equal to the principal amount of the Bonds so redeemed, solely from Available Tax <br />Increment in excess of amounts (i) applied to the payment of principal of and interest due on the <br />preceding August 1 and February 1, and (ii) required to be deposited in the Debt Service Reserve <br />Fund on such date. <br />(c) The Bonds are subject to scheduled mandatory redemption on the dates set forth <br />immediately below in the principal amounts set forth immediately below, at a Redemption Price <br />equal to the principal amount thereof plus accrued interest to the date fixed for redemption, <br />without premium, subject to pro rata reduction of the scheduled mandatory redemption payments <br />to the extent that the Bonds are redeemed prior to maturity otherwise than pursuant to such <br />scheduled mandatory redemption: <br />Term Bonds Due February 1 20 <br />February 1 Principal February 1 Principal <br />of Year Amount of Year Amount <br />14- <br />