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<br />B. The Bonds are also subject to special mandatory redemption, in whole
<br />or in part, pro rata by maturity in the manner provided in Article IV of the
<br />Resolution, and by lot within a maturity at the principal amount thereof and
<br />accrued interest thereon, without premium, (i) at any time on or after July 1,
<br />1981, as further provided in the Resolution, and (ii) on any Interest Payment
<br />Date, from moneys in the Asset Accumulation Fund prior to the time the Asset
<br />Coverage Test has been initially met and after the Asset Coverage Test has
<br />initially been met, from moneys in the Asset Accumulation Fund to the extent
<br />necessary to maintain the. Asset Coverage Test, all as provided in Article IV
<br />and other applicable provisions of the Resolution and (iii) at the option of
<br />the Agency, on any Interest Payment Date after the Asset Coverage Test has
<br />been met, frOm any moneys remaining in the Asset Accumulation Fund in excess
<br />of amounts required to be applied to maintain the Asset Coverage Test.
<br />
<br />Amounts to be applied to such special mandatory redemption shall be
<br />transferred by the Trustee from, the appropriate Fund or Account to the
<br />Redemption Fund, and shall be applied to such prior redemption upon notice as
<br />provided in Article IV of the Resolution.
<br />
<br />204. (A) The Term Bonds shall be subject to redemption in part by lot
<br />by operation of Sinking Fund Installments as provided in the Resolution, upon
<br />notice as provided in Article IV of the Resolution, on July 1,1995, and on
<br />each July 1 thereafter to and including July 1, 1999, with respect to the
<br />Terms Bonds maturing on July 1, 2000, all as herein provided, at the
<br />Redemption Price equal to the principal amount of each 80nd or portion thereof
<br />to be redeemed, together with accrued interest to the date of redemption,
<br />without premium. Unless none of the Term Bonds shall then be Outstanding, the
<br />Agency shall be requ ired to pay on July 1 of each year set forth in the
<br />following schedule, for the retirement of the Term 80nds, the amount set
<br />opposite such year of said schedule, and the amount so to be paid on each such
<br />date is hereby established as and shall constitute a Sinking Fund Installment
<br />for retirement of the Term Bonds; provided, however, that, if any Term Bonds
<br />have been purchased or redeemed from moneys in the Prior Redemption Fund, the
<br />amount of each future Sinking Fund Installment shown will be reduced on a pro
<br />rata basis, in $5,000 increments, such that the total amount of such reduction
<br />shall equal the amount of each such purchase and redemption.
<br />
<br />The schedule with respect to the Term 80nds maturing on July 1,2000, is
<br />as follows:
<br />
<br />~
<br />
<br />Year
<br />
<br />~
<br />$ 265,000
<br />295,000
<br />320.000
<br />350,000
<br />
<br />Amount
<br />
<br />1992
<br />1993
<br />1994
<br />1995
<br />1996
<br />
<br />1997
<br />1998
<br />1999
<br />2000 (Maturity)
<br />
<br />$ 170,000
<br />185,000
<br />205,000
<br />225,000
<br />245,000
<br />
<br />5
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