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

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(d) Redemption L on aDetermination of Taxability. The Bonds are also subject to mandatory redemption upon the occurrence of a Determination of TaN ability (as defined in the Indenture). In such event, each of the outstanding Bonds • 11 be subject to mandatory redemption and shall be redeemed on the first Business Day on which proper notice thereof can be given,and the Borrower shall cause notice thereof to be given to the Holders of the Bonds, as more fully provided in Section 4.07 of the Loan Agreement,at a redemption price equal to par,plus accrued interest, and in the event that the Determination of Taxability is found to be the caused by an action voluntarily taken or not taken by the Borrower, at par, plus accrued interest and a premium equal to five percent(3%) of the principal amount of each Bond redeemed. If the Series 200 I Bonds are redeemed due to a Determination of Taxability, Bonds shall be redeenle n the following order: (i) first, the Senior Bonds; and (ii) second, the Bonds. (e) Special Redemption of Bonds.On each Novell-, r December 1,be ming November December 1, 20 , the Bonds are subject to redemption at a reel:. ption price of 100% of the outstanding principal amount thereof to be redeemed plus ;rued interest to the redemption date. Bonds shall be redeemed with moneys transfer from the Surplus Fund to the Optional Redemption Account, as provided in the Indent and available for such purpose. Notice of any such redemption shall be given to the registered owner of each st 3ond by first class mail, addressed to him at his registered address,not earlier than sixty days !: -later than thirty days prior to the date fixed for redemption and shall be published as may be fired by law. In addition, at the request of the Authorized Borrower Representative, notice any redemption not occurring as a result of sinking fund redemption or as a mandatory red: !stent of the terms of the Bonds, shall include a statement that the redemption so noticed is co ped on sufficient funds being held by the Trustee in the Bond Fund or Optional Redempi! 'and on or before noon, Minneapolis time, on the applicable redemption date to pay full redemption price, and if at such time the amount so held is not sufficient to pay all aunts required to effect the noticed redemption in full, the redemption shall be cancelled, h all Bonds tendered for such redemption being returned to the Holders thereof, and no ;It of Default or liability on the part of the Borrower shall arise as a result of such cancellat;. The Borrower shall pay all extraordinary fees and expenses incurred in connection with a re. 'acted call.Upon the happening of the above conditions,Bonds thus called shall not bear int: :!'ler the call date and,except for the purpose of payment,from the funds so deposited, shall ger be protected by the Indenture. This Bond is transferable,as provided in the Indenture,only upon the registratic •ords kept at the office of the Trustee by the registered owner hereof in person or by 'uly authorized attorney, upon surrender of this Bond for transfer at the office of the Tri my endorsed by, or accompanied by a written instrument of transfer in forth satisfact the Trustee duly executed by the registered owner hereof or his duly authorized attorney, )on A-4