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ARTICLE IV <br />PURCHASE OF PROJECT BY, AND <br />SALE THEREOF TO, THE CITY; PAYMENT <br />SECTION 4.01. Purchase and Sale of Proiect. The City hereby purchases from the <br />Authority, and the Authority hereby sells to the City, the Project in accordance with the <br />provisions of this Supplement. On the Closing Date, immediately subsequent to the vesting of all <br />right, title and interest in the Project in the Authority pursuant to Section 2.01 hereof, all right, <br />title and interest in the Project shall vest in the City without further action on the part of the City <br />or the Authority <br />SECTION 4.02. The City agrees to pay as Component Installment Payments, solely <br />from Net System Revenues as provided in the Agreement, the following: <br />Interest <br />Portion of <br />Installment Installment <br />Payment Date Payments <br />Principal <br />Portion of Total Component <br />Installment Installment <br />Payments Payments <br />SECTION 4.03. The Component Installment Payments specified herein are Panty <br />Installment Obligations. <br />ARTICLE V <br />PREPAYMENT AND REDEMPTION <br />SECTION 5.01. Prepayment and Redemption. The City shall have the following <br />rights and duties to prepay Component Installment Payments: <br />The Component Installment Payments are subject to prepayment, at the option of the <br />City, upon at least 45 days prior written notice to the Authority specifying the date and amount <br />of such prepayment, on or after September 1, , at the following prepayment prices <br />(expressed as a percentage of the Principal Portion of Component Installment Payments to be <br />prepaid) plus the unpaid Interest Portion of Component of Installment Payments up to the date <br />fixed for prepayment: <br />55394.0001 1 \8752854.4 <br />