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In the event of any partial redemption of Bonds, the Bonds or portions thereof to be redeemed shall be selected as provided in the Indenture. The Authority shall not redeem ARS on any date unless on the same date the Authority redeems an equal principal amount of IRS. Notice of any redemption shall be given by the payment of the redemption price thereof shall be made at the time and in the manner set forth in the Indenture. If at the time of mailing of any notice of optional redemption the Authority shall not have deposited with the Trustee monies sufficient to redeem all Bonds called for redemption, such notice may state that it is subject to the deposit of the redemption monies with the Trustee not later than the opening of business on the redemption date and shall be of no effect unless such monies are so deposited. If on the redemption date sufficient moneys shall have been deposited with the Trustee to effect such redemption in accordance with the Indenture, then interest shall cease to accrue on the redemption date on all Bonds or portions thereof so called for redemption. As provided in the Indenture, notice of redemption of this Bond shall be given by first class mail not less than thirty (30) days nor more than sixty (60) days before the redemption date to the registered owner hereof. If notice of redemption has been duly given and money for the payment of the redemption price is held by the Trustee, then on the redemption date designated in such notice, this Bond shall become due and payable, and from and after the date so designated, interest on this Bond shall cease to accrue and the registered owner of this Bond shall have no rights with respect hereto except to receive payment of the redemption price hereof. To the extent permitted by, and as provided in, Appendix A to the Indenture, modifications or amendments of Appendix A, and of the rights and obligations of the Authority and of the owners of the Bonds may be made with the consent of the Bond Insurer by the Authority, (i) upon obtaining an opinion of counsel that the same does not materially adversely affect the rights of the owners of the Bonds, or (ii) by obtaining the consent of the owners of all ARS and IRS or, in the event all of the ARS and IRS are Fixed, by obtaining the consent of the owners of all Newly Fixed AIRS and Regular Fixed AIRS. In the second event, the Trustee shall mail notice of such amendment to the owners of the ARS, and if, on the first Auction Date occurring at least 30 days after the date on which the Trustee mailed such notice, Sufficient Clearing Bids (as defined in the Auction Agent Agreement) have been received or all of the ARS are subject to Submitted Hold Orders (as defined in the Auction Agent Agreement), the proposed amendment shall be deemed to have been consented to by the owners of all ARS. As an additional condition precedent to any such amendment pursuant to the provisions of the Indenture, there shall be delivered to the Authority and the Trustee an opinion of counsel to the effect that such amendment will not adversely affect the validity of the ARS or IRS or the exclusion of interest on any of the Bonds from gross income for federal income tax purposes. Written notice of each such amendment shall be delivered by the Authority to the Trustee, the Auction Agent and each Broker-Dealer. If an Event of Default, as defined in the Indenture, shall occur, the principal of all outstanding Bonds may be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture; except that the Indenture provides that in certain A-3-6