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<br />. <br /> <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />Redemption Dates <br /> <br />Redemption <br />Price <br /> <br />December 15, <br />December 15, <br />December 15, <br />December 15, <br />December 15, <br /> <br />or June 15,2001 ........... <br />or June 15, 2002 ..,........ <br />or June 15,2003 ........... <br />or June 15, 2004 .. .... ..... <br />and thereafter .....,..,.... <br /> <br />102 % <br />101 1/2 <br />:" 101 <br />. 101 1/2 <br />100 <br /> <br />2000 <br />2001 <br />2002 <br />2003 <br />2004 <br /> <br />If the Bonds are remarketed for a term less than the term <br />remaining to the maturity date of the Bonds but not less than <br />five years, such Bonds may be called and redeemed prior to <br />maturity at the option of the Agency, in whole from the <br />proceeds of refunding bonds and other available funds or in <br />whole or in part from any other source of funds, at the time <br />and at the redemption prices set forth in the following <br />schedule plus accrued interest to the redemption date: <br /> <br />Length of <br />Reset Period <br />(expressed in years) <br /> <br />Redemption Prices as <br />a Percentage of <br />Principal Amount <br /> <br />Less than the remaining <br />term on Bonds and <br />greater than 10 <br /> <br />After 7 years at 102%, <br />declining 1/2% every 6 <br />months to 100% <br /> <br />Less than or equal to <br />10 and greater than 7 <br /> <br />After 5 years at 101-1/2%, <br />declining 1/2% every 6 <br />months to 100% <br /> <br />Less than or equal to <br />7 and greater than 5 <br /> <br />After 3 years at 101%, <br />declining 1/2% every 6 <br />months to 100% <br /> <br />In the event that the Bonds are remarketed for a term less <br />than five years, the Bonds shall be subject to redemption on <br />any Reset Date, in whole or in part, at a redemption price <br />equal to the principal amount thereof plus accrued interest to <br />the redemption date. <br /> <br />(5) The Bonds are subject to mandatory <br />redemption as a whole (but not in part) on any date prior <br />to the expiration date of the Initial Letter of Credit, <br />upon receipt by the Fiscal Agent of written notice from the <br />Bank that an event of default under the Reimbursement <br />Agreement has occurred and instructing the Fiscal Agent to <br />redeem all Bonds. <br /> <br />12-28-85 <br />0063k/2281/05 <br /> <br />-17- <br />