106-83 Bonds for Hospial - Laserfiche WebLink

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Indenture. The Issuer may from time to time appoint a different nationally recognized securities evaluation service to serve as Indexing Agent. (e) General Optional Redemption. The Series 1983 Bonds are callable for redemption in whole on any date or in part on any Interest Payment Date. The redemption price in any such event shall be 100% of the principal amount of Series 1983 Bonds to be redeemed, plus in each case accrued interest to the date fixed for redemption. (f) Mandatory Redemption - Failure to Obtain Alternate Letter of Credit. The Series 1983 Bonds are also callable for redemption in whole on any Interest Payment Date on or after October 15, 1988, upon any failure of the Issuer to obtain an extension of the Letter of Credit Termination Date or an Alternate Letter of Credit. The redemption date in any of such events shall be the date set by the Issuer or, if the Issuer fails to set such date, by the Trustee. The redemption price in any of such e~ents shall be equal to 100% of the principal amount of the Series 1983 Bonds outstanding as of the date of redemption, plus accrued interest to the redemption date. (g) Mandatory Sinking Fund Requirements and Mandatory Redemp- tion. If and to the extent that the Principal Retirement Schedule includes any Mandatory Redemption Dates and related Mandatory Sinking Fund Requirements, the Trustee shall cause to be redeemed on each Manda- tory Redemption Date an aggregate principal amount of Series 1983 Bonds which are Term Bonds equal to the Mandatory Sinking Fund Requirements for such Mandatory Redemption Date, and the Trustee shall do so on behalf of the Issuer, at a redemption price equal to 100 percent of the principal amount thereof plus accrued interest to such date. 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 19S3 Bonds which are Term Bonds then subject to mandatory redemption, in any aggregate prin- cipal amount, or (ii) receive a credit against the Mandatory Sinking Fund Requirement next payable (and the corresponding mandatory redemp- tion obligation) for any Series 1983 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 Requirements) or purchased for cancellation and cancelled by the Trustee and not theretofore applied as a credit against any Mandatory Sinking Fund Requirement. Each Series 1983 Bond which is a Term Bond so delivered or previously redeemed shall be credited by the Trustee at 100 percent of the principal amount thereof against the Mandatory Sinking Fund Requirement payable on such Mandatory Redemption Date. If the Issuer intends to avail itself at any time of the provisions of the next preceding paragraph, the Issuer will on or before the forty-fifth day immediately preceding such Mandatory Redemption Date -17-