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applicable, the specific Replacement Bonds to be prepaid shall be <br />chosen by lot by the Bond Registrar. Bonds or portions thereof <br />called for redemption shall be due and payable on the redemption <br />date, and interest thereon shall cease to accrue from and after <br />the redemption date. <br />Upon a reduction in the aggregate principal amount of a <br />Global Certificate, the Holder may make a notation of such <br />redemption on the panel provided on the Global Certificate <br />stating the amount so redeemed, or may return the Global. <br />Certificate to the Bond Registrar in exchange for a new Global <br />Certificate authenticated by the Bond Registrar, in proper <br />principal amount. Such notation, if made by the Holder, shall be <br />for reference only, and may not be relied upon by any other <br />person as being in any way determinative of the principal amount <br />of such Global Certificate outstanding, unless the Bond Registrar <br />has signed the appropriate column of the panel. <br />To effect a partial redemption of Replacement Bonds <br />having a common maturity date, the Bond Registrar prior to giving <br />notice of redemption shall assign to each Replacement Bond having <br />a common maturity date a distinctive number for each $5,000 of <br />the principal amount of such Replacement Bond. The Bond <br />Registrar shall then select by lot, using such method of <br />selection as it shall deem proper in its discretion, from the <br />numbers so assigned to such Replacement Bonds, as many numbers <br />as, at $5,000 for each number, shall equal the principal amount <br />of such Replacement Bonds to be redeemed. The Replacement Bonds <br />to be redeemed shall be the Replacement Bonds to which were <br />assigned numbers so selected; provided, however, that only so <br />much of the principal amount of each such Replacement Bond of a <br />denomination of more than $5,000 shall be redeemed as shall equal <br />$5,000 for each number assigned to it and so selected. <br />If a Replacement Bond is to be redeemed only in part, <br />it shall be surrendered to the Bond Registrar (with, if the City <br />or Bond Registrar so requires, a written instrument of transfer <br />in form satisfactory to the City and Bond Registrar duly executed <br />by the Holder thereof or his, her or its attorney duly authorized <br />in writing) and the City shall execute (if necessary) and the <br />Bond Registrar shall authenticate and deliver to the Holder of <br />such Replacement Bond, without service charge, a new Replacement <br />Bond or Bonds of the same series having the same stated maturity <br />and interest rate and of any authorized denomination or <br />denominations, as requested by such Holder, in aggregate <br />principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Bond so surrendered. <br />11676 <br />8 <br />