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8e Page 22 February 1, _, in whole or in part, from prepayments of the Installment Payments made at the option of the City pursuant to the Installment Purchase Contract, at a redemption price equal to the principal amount thereof to be redeemed together with accrued interest to the redemption date, without a premium. Extraordinary Casualty Redemption. The Bonds are subject to redemption, in whole or in part on any date, from the Net Proceeds of insurance or condemnation with respect to the Enterprise, which Net Proceeds are deposited in the Payment Fund (as established under the Indenture) and credited towards the prepayment of the Installment Payments made by the City pursuant to the Installment Purchase Contract, at a redemption price equal to the principal amount of the Bonds to be redeemed, together with accrued interest to the date fixed for redemption, without premium. Mandatory Sinking Fund Redemption. The Bonds maturing February 1, 20_ and February 1, 20_ (the "Term Bonds") are subject to mandatory sinking fund redemption in part, by lot, commencing on February 1, 20_. and February 1, 20_, respectively, from mandatory sinking fund payments set aside in the Payment Account, at a redemption price equal to the principal amount thereof to be redeemed, together with accrued interest to the date fixed for redemption, without premium, in the aggregate respective principal amounts and on the dates set forth below: Term Bonds Maturing February 1, 20_ Sinking Fund Redemption Date (Februarv 1) Principal Amount To Be Redeemed Term Bonds Maturing February ;,20_ Sinking Fund Redemption Date (February 1) Principal Amount To Be Redeemed If some but not all of such Bonds have been redeemed pursuant to optional redemption or purchased in lieu of redemption (as described following), the total amount of all future sinking fund payments shall be reduced by the aggregate principal amount of such Bonds so redeemed, to be allocated among such sinking fund payments on a pro rata basis as determined by the Authority. Purchase In Lieu of Redemption. In lieu, or partially in lieu, of mandatory sinking fund redemption of the Term Bonds, moneys of the Authority may be used to purchase Outstanding Bonds, in the manner provided in the Indenture. Purchases of Outstanding Bonds may be made by the Authority prior to the selection of Bonds for redemption by the Trustee, at public or 7