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2023 8,170.000
<br /> 2024 (maturity) 8,685,000
<br /> (ii) The ARS and the IRS are subject to mandatory redemption on the first
<br /> Interest Payment Date on or after July 1, 2010 of the years set forth below at a redemption
<br /> price equal to the principal amount thereof plus accrued but unpaid interest to the
<br /> redemption date, without premium:
<br /> Principal Principal
<br /> Year Amount of ARS Amount of IRS
<br /> 2010 $1,900,000 $1,900,000
<br /> 2011 2,000,000 2,000,000
<br /> 2012 2,100,000 2,100,000
<br /> 2013 2,250,000 2,250,000
<br /> 2014 (maturity) 2,350,000 2,350,000
<br /> (c) The 1994 Bonds are subject to redemption prior to their respective
<br /> maturity dates, in Authorized Denominations, upon notice as hereinafter provided, on any
<br /> date, as a whole or in part, from Net Proceeds, as provided in Section 7.01 of the Lease, at
<br /> the principal amount or Accreted Value thereof together with accrued interest to the date of
<br /> redemption, and without premium. The redemption date shall be a date, selected by the
<br /> Trustee, as soon as practicable and preferably no later than 75 days after receipt of the
<br /> Written Request of the Authority delivered to the Trustee pursuant to Section 6.05.
<br /> (d) Notice of redemption shall be mailed by the Trustee, not less than
<br /> thirty (30) nor more than sixty (60) days prior to the redemption date to (i) the respective
<br /> Owners of the Bonds designated for redemption at their addresses appearing on the
<br /> registration books of the Trustee by first class mail, (ii) the Securities Depositories and
<br /> (iii) the Information Services. Notice of redemption to the Securities Depositories and the
<br /> Information Services shall be given by registered mail. Each notice of redemption shall
<br /> state the date of such notice, the redemption price, if any, which, in the case of ARS and
<br /> IRS to be redeemed, shall be expressed per $1,000 of Regular ARS, Regular IRS, Regular
<br /> Fixed AIRS and Newly Fixed AIRS to be redeemed, (including the name and appropriate
<br /> address of the Trustee), the CUSIP number (if any) of the maturity or maturities (to the
<br /> extent the CUSIP number identified by the Trustee is incorrect, such misidentification shall
<br /> be deemed harmless and shall not affect the sufficiency of the proceedings for redemption),
<br /> and, if less than all of any such maturity is to be redeemed, the distinctive certificate
<br /> numbers of the Bonds of such maturity, to be redeemed and, in the case of Bonds to be
<br /> redeemed in part only, the respective portions of the principal amount or Accreted Value
<br /> thereof to be redeemed. Each such notice shall also state that on said date there will
<br /> become due and payable on each of said Bonds thereof and in the case of a Bond to be
<br /> redeemed in part only, the specified portion of the principal amount thereof to be
<br /> I A1-63221.5 24
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