COM 1109.000 2020-2022 - Laserfiche WebLink

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statements to the County that include investment activity; provided that such statements shall not be required if the Trustee provides all broker confirmations to the County. ARTICLE IV REDEMPTION OF BONDS Section 4.1. Redemption of 2022 Bonds. (a) Optional Redemption. Subject to the limitations set forth below, the 2022 Bonds maturing on or after May 15, 20_may be redeemed, at the option of the County from any source of funds, other than Prepayments, on any Interest Payment Date on or after May 15, 20_, in whole, or in part in the order of maturity selected by the County and by lot within a maturity, at a redemption price equal to 100% of the principal amount to be redeemed, together with accrued interest to the date of redemption. In the event the County elects to redeem 2022 Bonds as provided above, the County shall give written notice to the Trustee of its election to so redeem, the redemption date and the principal amount of the Bonds to be redeemed. The notice to the Trustee shall be given at least 60 but no more than 90 days prior to the redemption date, or such shorter period as shall be acceptable to the Trustee. (b) Mandatory Sinking Fund Redemption. The 2022 Term Bonds maturing on May 15, 20 shall be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Principal Account, on May 15, 20_, and on each May 15 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 2022 Bonds so called for redemption shall be selected by the Trustee by lot and shall be redeemed at a redemption price for each redeemed Bond equal to the principal amount thereof, plus accrued interest to the redemption date, without premium,as follows: Redemption Dates (May 15) Principal Amount The 2022 Term Bonds maturing on May 15, 20_ shall be called before maturity and redeemed, from the Sinking Fund Payments that have been deposited into the Principal Account, on May 15, 20_, and on each May 15 thereafter prior to maturity, in accordance with the schedule of Sinking Fund Payments set forth below. The 2022 Term Bonds so called for redemption shall be selected by the Trustee by lot and shall be redeemed at a redemption price for each redeemed Bond equal to the principal amount thereof,plus accrued interest to the redemption date, without premium, as follows: Redemption Dates (May 15) Principal Amount 33