32-89 Hospital Improvement Revenue Bonds $36 mil

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hereinafter provided with respect to mandatory redemption of Series One Term Bonds or in Subsection (g) of this Section 5. Series One Term Bonds are subject to mandatory redemption, through the application of Mandatory Sinking Fund Installments, as set forth in Subsection (f) of this Section, on each Mandatory Redemption Date at 100 percent of the principal amount thereof plus accrued interest to such date, in the years and in the principal amounts set forth in the Principal Retirement Schedule for Series One Bonds as specified in the Certificate of Award for the Series One Bonds. Unless previously redeemed pursuant to this Subsection (e) or Subsections (f) or (g) of this Section 5, Series One Bonds maturing after the Optional Earliest Redemption Date for Series One Bonds are also subject to redemption, from funds other than those deposited as Mandatory Sinking Fund Installments pursuant to said Subsection (f) this Section 5, by and at the option of the Issuer, at the direction of the Lessee, prior to their stated maturity, in whole on any date or in part on any Interest Payment Date for Series One Bonds, on and after the Optional Earliest Redemption Date for Series One Bonds at the Optional Redemption Prices for Series One Bonds plus in each case accrued interest to the date fixed for redemption. The Optional Earliest Redemption Date for Series One Bonds shall be as specified in the Certificate of Award for Series One Bonds. If less than all of the outstanding Series One 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 One Bonds outstanding; provided, however, that the Issuer, at the direction of the Lessee, may elect to select the Series One Bonds to be redeemed pursuant to any optional redemption in any other manner, and if the Issuer does so elect, at the direction of the Lessee, and so informs the Trustee in writing signed by the Fiscal Officer at least twenty-five days prior to the date fixed for such redemption, then the Trustee shall select the Series One Bonds to be redeemed in the manner specified by the Issuer. If less than all of the outstanding Series One Bonds of one maturity are to be called for redemption, whether optional or mandatory, the selection of such Series One Bonds, or portions of Series One 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 for Series One Bonds, the Series One Bonds, or portions of Series One Bonds, to be so redeemed shall be selected by lot prior to the selection by lot of the Series One Bonds to be redeemed on the same date pursuant to mandatory redemption provisions. (f) Mandatory Sinking Fund Installments and Mandator~ 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) of the Bond Legislation shall, in each of the twelve months preceding the next month in which a Mandatory -17-