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determined by the Director of Finance in the Final Terms Certificate provided that the <br />earliest optional redemption date shall not be earlier than December 1, 2018 or later than <br />December 1, 2023, and the redemption price shall not be greater than 103%. <br />If optional redemption of Term Bonds at a redemption price exceeding 100% of <br />the principal amount to be redeemed is to take place as of any Mandatory Redemption <br />Date applicable to those Term Bonds, the Term Bonds, or portions thereof, to be <br />redeemed optionally shall be selected by lot prior to the selection by lot of the Term <br />Bonds of the same maturity to be redeemed by operation of Mandatory Sinking Fund <br />Redemption. The Bonds to be redeemed pursuant to this paragraph shall be redeemed <br />only upon written notice from the Director of Finance to the Bond Registrar, given upon <br />the direction of this Council by passage of an Ordinance. That notice shall specify the <br />redemption date and the principal amount of each maturity of Bonds to be redeemed, and <br />shall be given at least 45 days prior to the redemption date or such shorter period as shall <br />be acceptable to the Bond Registrar. <br />There shall be deposited with the Bond Registrar on or prior to the redemption <br />date, moneys that, in addition to any other money available therefore and held by the <br />Bond Registrar, will be sufficient to redeem the Bonds for which notice of redemption <br />has been given. <br />(iii) If fewer than all of the outstanding Bonds are called for optional <br />redemption at one time, they shall be called as selected by, and in a manner determined <br />by the City. If fewer than all Bonds of a single maturity are to be redeemed, the selection <br />of the Bonds to be redeemed, or portions thereof in Authorized Denominations shall be <br />made by the Bond Registrar by lot in a manner determined by the Bond Registrar. In the <br />case of partial redemption of Bonds by lot when Bonds in denominations greater than <br />$5,000 are then outstanding, each $5,000 unit of principal shall be treated as if it were a <br />separate Bond of the denomination of $5,000. If it is determined that one or more, but <br />not all, of the $5,000 units of principal amount represented by a Bond are to be called for <br />redemption, then upon notice of a redemption of a $5,000 unit or units, the registered <br />owner of that Bond shall surrender the Bond to the Bond Regish~ar (a) for payment of the <br />redemption price of the $5,000 unit or units of principal amount called for redemption <br />(including, without limitation, the interest and accrued interest to the redemption date), <br />and (b) issuance, without charge to the registered owner, of a new Bond or Bonds of any <br />Authorized Denomination or Denominations in an aggregate principal amount equal to <br />the unmatured and unredeemed portion of, and bearing interest at the same rate and <br />maturing on the same date as, the Bond surrendered. <br />(iv) The notice of the call for redemption of Bonds shall identify {A) by <br />designation, letters, numbers or other distinguishing marks, the Bonds or portions thereof <br />to be redeemed, (B) the redemption price to be paid, (C) the date fixed for redemption, <br />and (D) the place or places where the amounts due upon redemption are payable. The <br />notice shall be given by the Bond Registrar on behalf of the City by mailing a copy of the <br />redemption notice by first class mail, postage prepaid, at least 30 days prior to the date <br />fixed for redemption, to the registered owner of each Bond subject to redemption in <br />7 <br />