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g.A-z5 <br />The Capital Appreciation Bonds are not subject to optional or mandatory redemption <br />prior to maturity. <br />Optional Redemntion of Current lgterest Bonds'. The Current Interest Bonds maturh.g <br />before July 15, 20_ are not subject to call and redemption prior to maturity. The Current <br />Interest Bonds maturing on or after July 15, 20_ shall be subject to call and redemption prior to <br />maturity, at the option of the Agency, as a whole or in part on any date, among maturities as <br />shall be determined by the Agency, and by lot within each maturity (each Current Interest Bond <br />being deemed to be composed of $5,000 portions with each such portion being separately <br />redeemable), from funds derived by the Agency from any source, on or after July 15, 20_, at <br />the redemption price for each redeemed Current Interest Bond set forth below, calculated as a <br />percentage of the principal amount thereof, with accrued interest to the date of redemption: <br />Redemntion Period' Redemntlon Price` <br />July 15, 20_ to July 14, 20_ <br />July 15, 20_ to July 14, 20_ <br />July 15, 20_ and thereafter <br />" Pmhndn.y. mbiect to change. <br />Sinkin¢ Fund Redemotion of Term Current Interest Bono. Current Interest Bonds <br />maturing on July 15, 20_ ( the "Term Bonds ") are subject to mandatory sinking fund redemption <br />in part, by lot, commencing on July 15, 20_, from mandatory sinking fund payments, at a <br />redemption price equal to the principal amount thereof to be redeemed, together with accrued <br />interest to the date fixed for redemption, without premium, in the aggregate respective principal <br />amounts and on the dates set forth below. If some but not all of such Term Bonds have been <br />redeemed pursuant to the optional redemption provisions above, the total amount of all future <br />sinking fund payments shall be reduced by the aggregate principal amount of such Term Bonds <br />so redeemed, to be allocated among such sinking fund payments on a pro rata basis as <br />determined by the Agency (notice of which determination shall be given by the Agency to the <br />Trustee). <br />Mandatory Sinking Fund Redemption <br />of Term Bonds Manning July 15, 20_ <br />Sinking Fund Sinking Fund <br />Redemption Date Principal Amount Redemption Date Principal Amount <br />(J uly 15 To Be Redeemed (July 15 To Be Redeemed <br />Notice of Redemption; Rescission. Notice of redemption shall be given by the Trustee, <br />for and on behalf of, and at the expense of, the Agency, not less than thirty (30) nor more than <br />sixty (60) days prior to the redemption date by first class mail to [the Insurer and] each of the <br />Owners designated for redemption at their addresses appearing on the Bond registration books <br />of the Trustee on the date such Bonds are selected for redemption. Each notice of redemption <br />shall (a) state the redemption date; (b) state the redemption price; (c) state the place or places <br />-7- <br />