08-83 Hospital Improvement revenue bonds

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lot prior to the selection by lot of the Series 1983-B Bonds to be re- deemed 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- men~ 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-B 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-B 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-B 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 credits, the aggregate of amounts included in the amounts deposited monthly in the Debt Service Fund as required pursuant to the next pre- ceding paragraph of this Subsection (f) exceeds the Mandatory Sinking Fund Installment, net of such credits, payable on the next Mandatory Redemption Date, then no further such amounts shall be required to be included in such monthly deposits to be made prior to such Mandatory Redemption Date, and any excess of the aggregate of the amounts included in such amounts deposited over such Mandatory Sinking Fund Installment shall be credited against future Mandatory Sinking Fund Installments in direct order, and the principal amount of the Series.1983-B Bonds to be redeemed by mandatory redemption shall be accordingly reduced. If the Issuer intends to avail itself at any time of the pro- visions of the next preceding paragraph, the Issuer will on or before the forty-fifth day immediately preceding such Mandatory Redemption Date furnish the Trustee with a certificate signed by the Fiscal Officer, stating the extent to which the provisions of (i) and (ii) of the next -27-