11-14-01 1. INDENTURE OF TRUST - Laserfiche WebLink

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ARTICLE III Redemption of Bonds Section 3.01 Redemption of Bonds. Additional Bonds shall be subject to redemption on the dates and upon the condition as may be provided in the Supplemental Indenture for the Additional Bonds. The Series 2001 Bonds shall be subject to redemption prior to maturity only as follows: (a) Optional Redemption. The Series 2001 Tax-Exempt Bonds maturing on or after November 1,2007 are subject to optional redemption in advance of their stated maturities,in whole or in part on any Business Day on or after November 1, 2006, and if in part in accordance with Section 3.07 herein, in Authorized Denominations and stated maturities, at the direction of the Borrower,at a redemption price equal to the principal amount to be redeemed,plus accrued interest, plus a premium, expressed as a percentage of the principal amount redeemed, as follows: Redemption Date Price November 1,2006 through October 31,2007 102% November 1, 2007 through October 31,200 101% November 1, 2008 and thereafter 100% The Series 2001 Tax-Exempt Bonds shall be redeemed the following order or priority: (i)first,the Series 2001A Bonds; and(ii)second,the Subordinate Bonds. (b) Extraordinary Redemption. The Series 2001 Bonds are subject to extraordinary redemption on any business day as a whole,but not in part,at a redemption price equal to par,plus accrued interest to the redemption date, upon the happening of certain events of damage to or destruction or condemnation of the Project or change of law rendering the Loan Agreement unenforceable or impossible of performance,all as more fully provided in Section 4.06 of the Loan Agreement; provided, however, that any Net Proceeds received from casualty insurance or condemnation awards used to redeem Series 2001 Bonds shall be applied in the following order:(i) first,to redeem the Senior Bonds; and(ii)second,to redeem the Subordinate Bonds. (c) Mandatory and Scheduled Sinking Fund Redemption. The Seili0i-Series 2001B Bonds are subject to mandatory sinking fund redemption on the following spcctivc Principal Payment Dates and in the following principal amounts at a redemption price equal to the principal amount of the Bonds to be so redeemed plus accrued interest to the redemption date, as set forth below, on each such date to the extent that Bond, of such Series 2001B Bonds have not been redeemed other than pursuant to this Section 3.01(c): Series 2001A 2001B Bonds Maturing November 1,2036-2006 Principal Principal Payment Date Amount Payment Date Amount November 1,20 $ $ November 1, 2006* $ November 1,2011 $ 2004 - 28 -