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~oo~oso2~ March 1, 2031 March 1, 2032 March 1, 2033 March 1, 2034 235,000 250,000 265,000 280,000 Such mandatory redemptions for the Term Bonds shall be at a price equal to 100% of the principal amount redeemed plus interest accrued on the principal amount being redeemed to the date fixed for redemption. Term Bonds shall, if there is more than one such bond outstanding as of the time for giving notice of redemption, be selected for redemption by the Trustee by lot using any random method for selection deemed reasonable by the Trustee. In each year, commencing with the year 2025 in the case of the 2029 Term Bonds and 2030 in the case of the 2034 Term Bonds, not later than fifty calendar days prior to the mandatory redemption date, the College or the Corporation shall have the right to submit to the Trustee for cancellation, as of the mandatory redemption date, Term Bonds which the College or the Corporation has acquired in the open market or otherwise for such Term Bonds with a mandatory redemption amount due in such year, having a principal amount not greater than the principal amount required to be redeemed in such year. To the extent that the Trustee has received from the Corporation or the College such Term Bonds for cancellation, the mandatory redemption amounC for such year shall be deemed satisfied. Section 4. In the event that the Trustee shall be provided with funds sufficient to make any such redemption , as provided for in Sections 2 and 3 of this Article III, prior to maturity, upon the request of either Che Corporation or the College (provided that no such request is required in the case of mandatory redemptions under Sectian 3), the Trustee is hereby authorized and directed to take action to call and redeem Bonds in accordance with such request; provided, however, before mailing notice or taking any other action to redeem any Bonds being called for optional redemption, the Trustee in its discretion may require that such monies or investments be deposited with it as will provide in full for the payment of principal and accrued interest on the Bonds to be called for redemption as of the date fixed for redemption. The Trustee shall give notice of call for redemption without any deposit of funds prior to the date fixed for redemption (a) in the event that refunding bonds have been authorized by the Corporation far issuance under this Indenture or otherwise and (b) whenever in its discretion the Trustee deems appropriate. Selection of the Bonds to be redeemed , in the event of any optional redemption, shall be in the sole discretion of the Carporation (at the request of the College). Section 5. Individual Bonds may be redeemed in part but only in $5,000 amounts or integral multiples thereof. Notice of the call for any redemption identifying the Bonds to be redeemed shall be given by the Trustee by mail not less than thirty days prior to the date fixed for redemption, first class, postage prepaid, sent to the registered owner of each such Bond called for redemption at said owner's registered address. The registered owner of any Bond may waive the foregoing thirty-day requirement for mailed notice of redemption. Each notice shall identify the Bonds to be redeemed by their numbers and maturities and state the date on which they shall be presented for payment. If on or before the date fixed for redemption funds have been deposited with the Trustee to pay the Bonds, the Bonds thus called shall not bear interest after such redemption date and, except for the purpose of payment, shall no longer be protected by this Indenture and shall not be deemed to be outstanding under the provisions of this Indenture. In case of any Bond redeemed in part, the notice of redemption shall designate the portion to be redeemed and upon presentation for redemption the Trustee shall issue a new Bond to evidence the unredeemed principal of such partially redeemed Bond. 15