1980-075 CRA - Laserfiche WebLink

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402. Optional Redemption at the Election or Oirection of the Agency. In the case of any redemption of Bonds at the election or direction of the Agency, the Agency shall give written notice to the Trustee of its election or direction so to redeem, of the Redemption Date, of the Bonds, and of the principal amounts of the 8onds of each maturity to be redeemed, subject to the limitations with respect thereto contained in this Article IV. Such notice shall be given not more than sixty (60) days nor less than thirty (30) days prior to the Redemption Date or such shorter period as shall be acceptable to the Trustee. In the event notice of redemption shall have been given as provided in Section 405, there shall be credited to the Redemption Fund prior to publication an amount which, in addition to other moneys, if any, available or to be available therefor shall be sufficient to redeem on the Redemption Date at the Redemption Price thereof, plus interest accrued and unpaid to the Redemption Date (which interest shall be transferred from the Interest Account to the Redemption Fund), all of the Bonds to be redeemed. 403. Mandatory Redemption Otherwise Than at Agency's Election or Direction. Whenever, by the terms of this Resolution, the Trustee is required or authorized to redeem Bonds otherwise than at the election or direction of the Agency, the Trustee shan select the Bonds to be redeemed, give the notice of redemption and pay from moneys available therefor the Redemption Price thereof, plus interest accrued and unpaid to the Redemption Date, to the Trustee, if appropriate, and to the appropriate Paying Agents in accordance with the terms of this Article IV. 404. Selection of Bonds of like Maturity for Redemption. If less than all of the Bonds maturing in any particular Bond Year are to be called for redempt ion, the specifi c Bonds or porti ons of Bon ds to be so redeemed shall be selected by the Trustee by lot; provided, however, that the portion of any Fully Registered Bond of a denomination larger than the minimum denomination of Bonds ($5,000) may be redeemed in the principal amount of such minimum denomination or any whole rrultiple thereof, and that for purposes of selection and redemption, any such Fully Registered Bond of a denomination larger than such minimum denomination shall be considered to be that number of separate Bonds of such minimum denomination which is obtained by dividing the principal amount of such Fully Registered Bond by such minimum denomination. 405. Notice of Redemption. When the Trustee shall receive notice pursuant to Section 402, from the Agency of its election or direction to redeem Bonds, or when redemption of Bonds is authorized or required pursuant to Section 403, the Trustee shall give notice, in the name of the Agency, of the redemption of such Bonds. Such notice shall specify: (i) the maturities of the Bonds to be redeemed, (ii) the Redemption Date, (iii) the Redemption Price, (iv) the place or places where the Redemption Price will be payable, (v) if less than all of the Bonds of any maturity are to be redeemed, the letters and numbers or other distinguishing marks of such Bonds so to be redeemed, and (vi) in the case of Fully Registered Bonds to be redeemed in part only, such notice shall also specify the Fully Registered Bond numbers and the respective portions of the principal amounts thereof to be redeemed. 25 . e' . . . .