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<br />. <br /> <br />. <br /> <br />I <br /> <br />. <br /> <br />. <br /> <br />The Bonds are subject to redemption on each Reset Date <br />in the event that the Remarketing Agent is unable to remarket <br />the Bonds in accordance with the requirements of the <br />Resolution. The Bonds shall be redeemed at a redemption price <br />for each redeemed Bond equal to the principal amount thereof, <br />plus accrued interest to the redemption date, without. premium. <br /> <br />The outstanding Bonds shall be called befor~maturity <br />and redeemed from Minimum Sinking Account Payments on <br />December 15, 1991, and on each December 15 thereafter prior to <br />maturity in accordance with the Resolution. <br /> <br />The outstanding Bonds may be called before maturity <br />and redeemed, at the option of the Agency, if the Bonds are <br />remarketed for a term extending to the maturity date of the <br />Bonds, in whole from the proceeds of refunding bonds and other <br />available funds, or in whole or in part from monies in the <br />Redemption Fund, as defined in the Resolutions, on December 15, <br />2000, or on any interest payment date thereafter prior to <br />maturity, in inverse order of maturity and by lot within a <br />maturity. Bonds so called for redemption shall be redeemed at <br />a redemption price for each redeemed Bond equal to the <br />principal amount thereof, plus accrued interest to the <br />redemption date, and the following premium (expressed as a <br />percentage of principal amount) if redeemed on the. following <br />redemption dates: <br /> <br />Redemption Dates <br /> <br />Redemption <br />Price <br /> <br />December 15, 2000 and June 15, 2001 .......... <br />December 15, 2001 and June 15, 2002 .......... <br />December 15, 2002 and June 15, 2003 .......... <br />December 15, 2003 and June 15, 2004 .......... <br />December 15, 2004 and thereafter ............. <br /> <br />2 % <br />1 1/2 <br />1 <br /> <br />1/2 <br /> <br />0 <br /> <br />If the Bonds are remarketed for a term less than the <br />term remaining to the maturity date of the Bonds but not less <br />than 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 />12-28-85 <br />0063k/2281/05 <br /> <br />A-4 <br />