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<br />. <br /> <br />(4) The Outstanding Term Bonds and Special Term <br />Bonds may be called before maturity and redeemed, at the <br />option of the Agency, if the Bonds are remarketed for a <br />term extending to the maturity date of the Bonds, in whole <br />from the proceeds of the sale of refunding bonds and from <br />other available funds, or in whole or in part from monies <br />in the Redemption Account, on December 15,2000, or on any <br />Interest Payment Date thereafter prior to maturity, by <br />lot. Bonds so called for redemption shall be redeemed at a <br />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 <br />following redemption dates: <br /> <br />Redemption Dates <br /> <br />Redemption <br />Premium <br /> <br />December 15, <br />December 15, <br />December 15, <br />December 15, <br />December 15, <br /> <br />2000 <br />2001 <br />2002 <br />2003 <br />2004 <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 />2% <br />1 1/2% <br />1% <br />1/2% <br />0% <br /> <br />. <br /> <br />If the Term Bonds and Special Term Bonds are remarketed for <br />a term less than the term remaining to the maturity date of the <br />Bonds but not less than five years, such Bonds may be called <br />and redeemed prior to maturity at the option of the Agency, in <br />whole from the proceeds of refunding bonds and other available <br />funds or in whole or in part from any other source of funds, at <br />the time and at the redemption prices set forth in the <br />following 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 />. <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 Term Bonds or Special Term Bonds are <br />remarketed for a term less than five years, the Bonds shall be <br />subject to redemption on any Reset Date, in whole or in part, <br /> <br />12-02-85 <br />9559p/2281/0l <br /> <br />-15A- <br />