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until January 1, 1984 and'so long as construction o£_the ~'roject is,iess than 20% complete, the Serie 1982 Sonds axe subjzct to redemptionby Issuer, at the option o£ Comaany, on any interest payment date, in whole; at a redemption price equal to one hundred peraant (100%) of the princiDaa amount of the Series 1982 Bonds; pans interest accrued thereon through such redemption date. Except as provided above, the Series 1982: Bonds may not be called. for redemption prior to July ,1; 1986 exczpt in the event (1) the ?roject.or any.: portion thereof is damaged or destroyed or taken in a ccndemnation proceeding to'„rhich Section 6.2(b) of the Agree:aent's applied, or (2)`~ompany shall exercise i s option to purchase the Project as provided in Section l~'.2 of the ~areement, or (3)<Company shall be' obligated Lo purchase the Project as provided'ir_ Article-Xl of the Agreement. If called for redemption at any' ime pursuant to ,(1) cr (2) above, the Series-1982 3onds shall be subject to redemption by :suer prior to maturity on any interest payment date,-in whole or (in the'case of redemption `pursuant to Section o.2(b) of the Agreement) in Darn-in tre ::inverse order of-their maturites,..less`than all 0£ sucin Series 1982 Bonds of a-single matu*_-ity to be selected b'v lot `in such manner as Trustee may determine,-at a'redemption Write of one hundred percent (lOD%) of the nrncinat. amount thereof plus accrued-interest tc the redemption date; If' called'forredemption'at any;'time pursuant to (3) above;-the -Bonds shall be sui~ject`.to redemption by Lssuer prior to maturity within one 2-,undred eighty (180)'days"after a "Deter- urination of TaxabiL'ty,19 as-that term is defined in Article XI of'the Agreement, at (a)-one hundred percent (I00%) of_'tne aggregate principal amount of Bonds outstanding at. the `time of a Determination of Taxability plus accrued interest at a .penalty rate: in an amount 'equal to the ,.merest Rate plus 'one percent (l%) from.the Taxable-Date '(as defined in 4he Agreement) to the date'of the payment or redemp+~ion of such Bonds;. providedthat if any ;such. Bond is held by more thane ,one person between the Taxable Date and the date of payment or redemption, such redemption premium shall be' allocated amonq',such holders based on the'length,of time suca voider held the Bond suDSequent to`t_ne Taxable Date r~lus, (b) 'an amount of money equal to Trustee'a and Paying Agent's fees and expenses under t:ne Sndenture accrued and to accrue unt'ii the purchase and redemption of the Bonds, Dius (c);`an amount of money equal to all sums due to issuer under-the ,Agreement. The Series 1982 3onds are also subject to redemption ny Issuer, at the option of Company;:on any interest gayment date on or after 3uly l; 19$6; in whole or in part in such mannet'as Trustee may determine, at redemption prices -1'C-