106-83 Bonds for Hospial - Laserfiche WebLink

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furnish the Trustee with a certificate signed by the Fiscal Officer, stating the extent to which the previsions of (f) and (ii) of the next preceding paragraph are to be availed of with respect to such Mandatory Sinking Fund Requirement (and corresponding mandatory redemption obligation); unless such certificate is so timely furnished by the Issuer, the Mandatory Sinking Fund Requirement (and corresponding manda- tory redemption obligation) payable on such Mandatory Redemption Date shall not be reduced. (h) Selection of Series 1983 Bonds for Redemption and Method of Redemption. If less than all of the outstanding Series 1983 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 Bonds outstanding; provided, however, that the Issuer may elect to select the Series 1983 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 Bonds to be redeemed in the manner specified by the Issuer. If less than all of the outstanding Series 1983 Bonds of one maturity are to be called for redemption, whether optional or manda- tory, the selection of such Series 1983 Bonds, or portions of fully registered Series 1983 Bonds, of such maturity to be called shall be made by lot by the Trustee in such manner as the Trustee shall deter- mine. Notice of call for any redemption of Series 1983 Bonds, identifying the Series 1983 Bonds or portions thereof to be redeemed, the date fixed for redemption and the places where the amounts due upon such redemption are payable shall be given by the Trustee on behalf of the Issuer by mailing a copy of the redemption notice by registered or certified mail at least thirty days prior to the date fixed for redemp- tion to the Bank and the registered holder or holders of each Series 1983 Bond to be called for redemption at the address shown on the regis- tration books kept by the Trustee; provided however, that failure to give such notice to any Series 1983 Bondholder by mailing, or any defect in such notice so mailed, shall not affect the validity of the proceed- ings for the redemption of the Series 1983 Bonds. If Series 1983 Bonds or portions thereof are duly called for redemption and if on such redemption date moneys for the redemption of all Series 1983 Bonds to be redeemed, together with interest to the redemption date and any applicable redemption premium, shall be held by the Trustee or Paying Agents so as to be available therefor, then from and after such redemption date such Series 1983 Bonds shall cease to bear interest. -18-