Agenda - Council - 07/12/2022 - Laserfiche WebLink

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of the events specified in Section 10.2 of the Loan Agreement have occurred and upon the Company's exercising its option to prepay the loan pursuant to Section 10.1 of the Loan Agreement; or (3)upon acceleration because of an Event of Default. If called for redemption at any time for the reasons stated in clause (1), (2) or (3) above, the Series 2022 Bonds shall be subject to redemption by the Issuer at any time in whole or(in the case of redemption pursuant to Section 6.2(b) of the Loan Agreement) in such manner as the Company may direct, less than all of such Series 2022 Bonds of a single maturity to be selected randomly in such manner as the Trustee may determine, such redemption to be at a redemption price of one hundred percent (100%) of the principal amount thereof plus accrued interest to the redemption date. The Series 2022 Bonds are subject to redemption by the Issuer at the option of the Company as set forth in Section 3.1(a) of the Indenture. The Series 2022 Bonds are subject to mandatory sinking fund redemption prior to maturity, and are to be redeemed randomly or such other manner as the Trustee may determine, at one hundred percent (100%) of the principal amount thereof plus accrued interest to the date of redemption, on the dates and in the principal amounts provided in the Indenture. The Series 2022 Bonds shall be redeemed upon a Determination of Taxability, in whole but not in part,within thirty(30)days after the date of the Determination of Taxability with respect to the Series 2022A Bonds and at a redemption price equal to one hundred three percent (103%) of the principal amount of the Series 2022A Bonds and one hundred percent (100%) of the principal amount of the Series 2022B Bonds, plus accrued interest to the redemption date, plus on certain dates, a premium as set forth in the Indenture. At the option of the Company, to be exercised by facsimile transmission not less than twenty-five (25) days next proceeding any sinking fund redemption date of a written certificate to the Trustee, the Company may (i) deliver to the Trustee for cancellation Series 2022 Bonds in an aggregate principal amount desired by the Company or (11) specify a principal amount of Series 2022 Bonds which, prior to said date, have been redeemed (otherwise than through mandatory redemption)and canceled by the Trustee and not theretofore applied as a credit against any sinking fund redemption obligation. Each such Series 2022 Bond so delivered or previously redeemed shall be credited by the Trustee at one hundred percent(100%) of the principal amount against the obligation of the Issuer on such mandatory sinking fund redemption date, and any excess shall be so credited against future sinking fund redemption obligations on such Series 2022 Bonds in chronological order. In the event the Company shall avail itself of the provisions of clause (i) above, the certificate required by the first sentence of this paragraph shall be accompanied by the Series 2022 Bonds to be canceled. In the event any of the Series 2022 Bonds or portions thereof are called for redemption as aforesaid,notice thereof identifying the Series 2022 Bonds or portions thereof to be redeemed will be given by the Trustee by mailing a copy of the redemption notice by first class mail at least twenty (20) days and not more than forty-five (45) days prior to the date fixed for redemption to the Bondholder of each Series 2022 Bond to be redeemed at the address shown on the registration books; provided, however, that failure to give such notice by mailing, or any defect therein, shall not affect the validity of any proceeding for the redemption of any Series 2022 Bond with respect to which no such failure has occurred. In the case of an optional redemption, the notice may state A-4 735810810