08-83 Hospital Improvement revenue bonds

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If less than all of the outstanding Series 1983-A Bonds are to be called pursuant to optional redemption at one time, they shall be called in inverse,order of the maturities of the Series 1983-A Bonds outstanding; provided, however, that the Issuer may elect to select the Series 1983-A Bonds to be redeemed pursuant to any optional redemption in any other manner, and if the Issuer does so elect and so informs the Trustee in writing signed by the Fiscal Officer at least forty-five days prior to the date fixed for such redemption, then the Trustee shall select the Series 1983-A Bonds to be redeemed in the manner specified by the Issuer. If less than all of the outstanding Series 1983-A Bonds of one maturity are to be called for redemption, whether optional or mandatory, the selection of such Series 1983-A Bonds, or portions of fully registered Series 1983-A Bonds, of such maturity to be called shall be made by lot by the Trustee in such manner as the Trustee shall determine. If optional redemption at a redemption price exceeding 100 percent of the principal amount to be redeemed is to take place as of a Mandatory Redemption Date, the Series 1983-A Bonds, or portions of fully registered Series 1983-A Bonds, to be so redeemed shall be selected by lot prior to the selection by lot of the Series 1983-A Bonds to be redeemed on the same date pursuant to mandatory redemption provisions. (f) Mandatory Sinking Fund Installments and Mandatory Redemp- tion. Subject to the provisions set forth in the next paragraph of this Subsection (f), the amount required to be deposited by the Issuer in the Debt Service Fund on the twentieth day of each month pursuant to Para- graph First under Section 16(a) hereof shall, in each of the twelve months preceding the next month in which a Mandatory Redemption Date occurs, include an amount equal to one-twelfth (1/12) of the Mandatory Sinking Fund Installment payable on such Mandatory Redemption Date. For the purpose of effecting the mandatory redemption of Series 1983-A Bonds which are Term Bonds, the Trustee shall cause to be redeemed on each Mandatory Redemption Date an aggregate principal amount of Series 1983-A Bonds which are Term Bonds equal to the Mandatory Sinking Fund Install- ment for such Mandatory Redemption Date, and the Trustee shall do so on behalf of the Issuer and in the manner provided in Subsection (e) of this Section and in the Indenture. At its option, to be exercised on or before the forty-fifth day immediately preceding any Mandatory Redemption Date, the Issuer may (i) deliver to the Trustee for cancellation Series 1983-A Bonds which are Term Bonds then subject to mandatory redemption, in any aggregate principal amount, with, if coupon Bonds, all unmatured coupons attached, or (ii) receive a credit against the Mandatory Sinking Fund Installment next payable (and the corresponding mandatory redemption obligation) for any Series 1983-A Bonds which are Term Bonds then subject to mandatory redemption and which prior to such date have been redeemed (other than through the application of the Mandatory Sinking Fund Installments) or purchased for cancellation and cancelled by the Trustee and not thereto- fore applied as a credit against any Mandatory Sinking Fund Installment. Each Series 1983-A Bond which is a Term Bond so delivered or previously redeemed shall be credited by the Trustee at 100 percent of the princi- pal amount thereof against the Mandatory Sinking Fund Installment pay- able on such Mandatory Redemption Date. If as a result of any such -17-