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The Authority may decide to discontinue use of the system of book-entry transfers through DTC (or <br /> a successor securities depository). In that event, Bond certificates will be printed and delivered in <br /> accordance with the terms of the Indenture. <br /> The Authority does not have any responsibility or obligation to DTC Participants, to the persons for <br /> whom they act as nominees, or to any other person who is not shown on the registration books as being a <br /> registered owner of the Bonds, with respect to (i) the accuracy of any records maintained by DTC or any <br /> DTC Participant, (ii) the payment by DTC or any DTC Participant of any amount in respect of the principal <br /> of, premium, if any, or interest on the Bonds, (iii) any consent given or other action taken by DTC as <br /> registered owner, or (iv) any other purpose. The Authority cannot and does not give any assurances that <br /> DTC, DTC Participants or others will distribute payments of principal of or interest on the Bonds paid to <br /> DTC or its nominee, as the registered owner, or any notices to the Beneficial Owners or that they will do <br /> so on a timely basis or will serve and act in a manner described in this Official Statement. The Authority <br /> is not responsible or liable for the failure of DTC or any DTC Participant to make any payment or give any <br /> notice to a Beneficial Owner with respect to the Bonds or any error or delay relating thereto. <br /> Mandatory Redemption from Optional Prepayment of Lease Payments <br /> The Bonds maturing on or after August 1, 2007 are subject to mandatory redemption as a whole or <br /> in part upon ninety(90) days written notice to the Trustee by a Member of its intention to optionally prepay <br /> its Lease Payments, on any date on or after August 1, 2006, from any available source of funds of the <br /> Member so electing to prepay, at the following redemption prices (expressed as a percentage of the principal <br /> amount of the Bonds to be redeemed), together with accrued interest thereon to the date fixed for <br /> redemption: <br /> Redemption Period Redemption Price <br /> August 1, 2006 through July 31, 2007 102% <br /> August 1, 2007 through July 31, 2008 101% <br /> August 1, 2008 and thereafter 100% <br /> Any such redemption shall be in such order of maturity as the Member electing to prepay its Lease <br /> Payments shall designate (and, if no specific order of redemption is designated by such Member, in inverse <br /> order of maturity); provided, however, that only Bonds in which such Member has an interest (see the <br /> percentage table under the caption "DEBT SERVICE FOR THE BONDS" herein)may be redeemed by such <br /> Member's election. <br /> Special Mandatory Redemption <br /> The Bonds are also subject to redemption as a whole, or in part on a pro rata basis among <br /> maturities, on any date, to the extent the Trustee has received title or hazard insurance proceeds or <br /> condemnation proceeds not used to repair or replace any portion of the Leased Premises of a Member <br /> damaged or destroyed and elected by such Member to be used for such purpose as provided in the Indenture, <br /> at a redemption price equal to one hundred percent (100%) of the principal amount of the Bond to be <br /> redeemed, plus interest accrued thereon to the date fixed for redemption, without premium. <br /> 5 <br />