COM 1109.000 2020-2022 - Laserfiche WebLink

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Term Bonds purchased pursuant to this Subsection shall be cancelled pursuant to Section 10.1 hereof. In the event of a partial redemption of 2022 Term Bonds, other than as a result of Sinking Fund Payments, each of the remaining Sinking Fund Payments for such 2022 Term Bonds that were partially redeemed, as described above, will be reduced, as nearly as practicable, on a pro rata basis in increments of$5,000. (c) Special Mandatory Redemption From Prepayments. The 2022 Bonds are subject to special mandatory redemption on any Interest Payment Date from amounts on deposit in the Prepayment Account, in integral multiples of$5,000, in whole or in part as hereinafter provided, at the following redemption prices, expressed as a percentage of the principal amount to be redeemed, together with accrued interest to the date of redemption: Redemption Dates Redemption Prices Prior to , 20 , 20_ through , 20_ ,20_through , 20_ ,20 and thereafter The Trustee shall select 2022 Bonds for redemption pursuant to the provisions of this Subsection from the maturities of all Bonds of all Series so that the ratio of Outstanding Bonds to the Bonds originally issued shall be approximately the same in each maturity of each Series. The particular Bonds of each maturity of a Series to be redeemed shall be selected by lot in whatever manner the Trustee chooses. Section 4.2. Selection of Bonds for Redemption. If less than all of the Bonds Outstanding are to be redeemed, the portion of any Bond of a denomination of more than $5,000 to be redeemed shall be in the principal amount of$5,000 or an integral multiple thereof. In selecting portions of such Bonds for redemption, the Trustee shall treat such Bonds as representing that number of Bonds of $5,000 denominations which is obtained by dividing the principal amount of such Bonds to be redeemed in part by $5,000. The Trustee shall promptly notify the County in writing of the Bonds, or portions thereof, selected for redemption. [Adjust for $100,000 minimum denomination.] Section 4.3. Notice of Redemption. When Bonds are due for redemption under Section 4.1 hereof, the Trustee shall give notice, in the name of the County, of the redemption of such Bonds in accordance with the following: (a) Each notice of redemption shall (i) specify the CUSIP numbers (if any), the bond numbers and the maturity date or dates of the Bonds selected for redemption, except that where all of the Bonds are subject to redemption, or all the Bonds of one maturity, are to be redeemed, the bond numbers of such issue need not be specified; (ii) state the date fixed for redemption and surrender of the Bonds to be redeemed; (iii) state the redemption price; (iv) state the place or places where the Bonds are to be redeemed; (v) in the case of Bonds to be redeemed only in part, state the portion of such Bond which is to be redeemed; (vi) state the date of issue of the Bonds as originally issued; (vii) state the rate of interest borne by each Bond being redeemed; and (viii) state any other descriptive information needed to identify accurately the Bonds being redeemed as shall be specified by the Trustee. Such notice shall further state that on the date fixed for redemption, there shall become due 35