Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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less than all the Outstanding Sonds of any Series of the Bonds maturing on any one date are calied for redemption at any one time, the Trustee shall select the Bonds of such Series of the Bonds to be redeemed (from the Outstanding Bonds of such Series of the Bonds maturing on such date not previously selected for redemption)by lots. If less than al l the Outstanding Term Bonds of any Series of the 8onds muturing on any one datc are called for redemption from proceeds other than Sinkin� Fund lnstallmentpayments at any one time,the Port shall specify in a Certificateofthe Port'filed with the Trustee a reduction in the Sinking Fund Installment payments required to be mede with respect to � such Term Bonds(in an amount equal to tl�e amount of Outstanding Term Bonds of such Series of the Bonds to be redeemed).Except for Sinkin�Fund Installment redemptions,the Port shall deposit with the Trustee money sul'licient to redeem any Outstanding Bonds of any Series of the Sonds not later than five (5) days prior to the redemption date of the Bonds of such Series of the Bonds to be redeemed. In lieu of redemption of any Term Bonds of any Series of the Bonds, amounts on deposit in tlie Sinking Fund allocable to such Tem� Bonds shall be used and withdrawn by the Trustee at any time,upon receipt of a Written Request of the Port, for the purchase of such Term Bonds at public or private sale as and when and at such prices {including brokerage and other charges, but excluding accrucd inurest, which is payable from the Interest Fund related to such Term Bonds) as the Port may in its discretion determinc, but not in excess of the principal umount thereof plus accrued interest to the purchase datc;provide�! that no Term Bonds shall be purchased under this Section 2.4 with a settlement dale follorving that day which is seventy-five (75) days prior to the redemption date of such Term [ionds. The principal amount of any Term Bonds so purchased by the Trustee in any twelve (12) month period endin� on that date which is seventy-five (75) days prior to any Sinking Fund Payment Date shal) be credited toward and shall reduce the principAl nmount of the Term Bonds required to be redeemed on such Sinking}und Payment Date. Except for the redemption of Bonds at maturity and the redemption of Term Bonds on any Sinking Fund Payment Date,the Port shall,at least forty-live(45)days prior to the redemption date, notify the Trustee of the redemption date and the principal amount of Bonds to be redeemed. Notice of redemption of any Bonds or any portions thereof shall be mailed by first class mait, postage prepaid,by the Trustee not less than thirty(30)nor more than sixty(60)days prior to the redemption date ot such Bonds (i)to the respective Owners of ihe Bonds designated far redemption at their addresses appearing on the bond registration books kept by the Trustee, (ii)to the Information Services and (iii)to the Securities Depositories. Each notice of redemption shall state the date of such notice, the Bonds to be redeemed, the date of issue of such Bonds, the redemption date, the � redemption price,whether funds are then on deposit sufficient to pay the redemption price, the place of redemption (including the name and appropriate address), the CUSiP number (if any) of thc maturity or maturi►ies, and, if less than all Bonds of any such maturity are to be redeemed, the distinctive numbers of the Bonds of such maturity to be redeemed and, in the case of Sonds to be redeemed in part only,the respective portions of the principal amount thereof to be redeemed. Each such notice shall also state that on such redemption date there will become due and payable on eaeh of such Bonds the redemption price thereof or of the specified portion of the principal amount thcrcof in the case of a Bond to be redeemed in part only, together with interest accrued thereon to the redemption date, and ihat from r�nd aRer such redemption date interest thereon shall cease to accruc, and shall require that such Bonds be then surrendered at the Corporate Trust Office of thc Trustee specified in the redemption notice as the place of redemption;provided, that failure by the Trustce to give notice pursuant to this Section 2.4 to any one or more of thc Information Services or 12094.9�22931.00OS 2�