2014-048 - Execution and Delivery By the City of a Master Installment Purchase Agreement

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registered mail or overnight delivery. Each notice of redemption shall state the date of such 2014 Bonds the CUSIP number (if any) of the maturity or maturities, and, if less than all of any such maturity is to be redeemed, the distinctive certificate numbers of the 2014 Bonds of such maturity, to be redeemed and, in the case of 2014 Bonds to be redeemed in part only, the respective portions of the principal amount thereof to be redeerned. Each such notice shall also state that on said date there will become due and payable on each of said 2014 Bonds thereof and in the case of a 2014 Bond to be redeemed in part only, the specified portion of the principal amount thereof to be redeemed, together with interest accrued thereon to the redemption date, and that from and after such redemption date interest thereon shall cease to accrue, and shall require that such 2014 Bonds be then surrendered at the address of the Trustee specified in the redemption notice. (c) If notice of redemption has been duly given as aforesaid and money for the payment of the redemption price of the 2014 Bonds called for redemption is held by the Trustee, then on the redemption date designated in such notice 2014 Bonds shall become due and payable, and from and after the date so designated interest on the 2014 Bonds so called for redemption shall cease to accrue, and the Owners of such 2014 Bonds shall have no rights in respect thereof except to receive payment of the redemption price thereof. (d) Failure by the Trustee to give notice pursuant to this Section to any one or more of the Information Services or Securities Depositories, or the insufficiency of any such notice shall not affect the sufficiency of the proceedings for redemption. Failure by the Trustee to mail notice of redemption pursuant to this Section to any one or more of the respective Owners of any 2014 Bonds designated for redemption shall not affect the of the proceedings for redemption with the Owners to whom such notice was mailed. (e) With respect to any notice of optional redemption of the 2014 Bonds, such notice shall state that such redemption shall be conditional upon the receipt by the Trustee on or prior to the date fixed for such redemption of moneys sufficient to pay the principal of, premirun, if any, and interest on such 2014 Bonds to be redeemed and that, if such moneys shall not have been so received, said notice shall be of no force and effect and the Trustee shall not be required to redeem such 2014 Bonds. In the event that such notice of redemption contains such a condition and such moneys are not so received, the redemption shall not be made, and the Trustee shall within a reasonable time thereafter give notice in the manner in which the notice of redemption was given, that such moneys were not so received. (f) All 2014 Bonds redeemed pursuant to the provisions of this Section or Section 6.03(b) shall be cancelled by the Trustee and shall not be reissued, and the Trustee shall deliver a certificate of cancellation to the Authority. SECTION 3.03. Form of 2014 Bonds. The 2014 Bonds and the authentication and registration endorsement and assignment to appear thereon shall be substantially in the form set forth on Exhibit A. 55394.00011 \8754149.4 19