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<br />8I-~vi,~t~ ~-::
<br />ARTYCLE III.
<br />Redemption of Bands
<br />Sec4.ion 301. Rede tion of Series 1981 Bands. (a) The
<br />Series 1981 Bonds issue under this indenture, at the time
<br />outstanding, may be redeemed prior to their stated maturity,
<br />in whole or in Hart (if in part, Bonds shall be redeemed in
<br />inverse order of maturity) on any interest payment date not
<br />earlier than November 15, 1986 at the option of the Issuer,
<br />from moneys then on degosit in the Bond Fund, or from any
<br />moneys that may be made available for such purpose, at a
<br />redemption price equal to the principal amount of the then
<br />outstanding Bonds to be redeemed, plus the redemption
<br />premium (stated as a percentage of principal amount) as sct
<br />forth in the following table, plus accrued interest to the
<br />redemption date:
<br /> Redemption Dates Redemption
<br />(Both Dates Inclusive) Premium
<br />November 15, 1986, to November 14, 1987 5%
<br />November 15, 1987, to November 14, 1988 4.5~
<br />November 15, 1988, to November 14, 1989 4g;
<br />November 15, 1989, to November 14, 1990 3.5%
<br />November 15, 1990, to November 14, 1991 3°6
<br />November 15, 1991, to November 14, 1992 2.5;`
<br />November 15, 1992, to November 14, 1993 2$
<br />November 15, 1993, to November 14, 1994 1.5'6
<br />November 15, 1994, to November 14, 1995 1,°6
<br />November 15, 1995 and thereafter NONE
<br />(b) All of the Bonds issued under this Indenture, at
<br />the time outstanding, may be redeemed at any time prior to
<br />their stated maturity, or maturities, in whole, from moneys
<br />then on depositi in the Bond Fund, at the principal amount of
<br />the Bonds to be redeemed, together with interest accrued
<br />thereon to the date fixed for redemgti~n, and without
<br />redemption gremium, provided there shall then be held in the
<br />Bond Fund an amount sufficient to retire such Bonds in full
<br />in conformity with this Indenture, including principal and
<br />interest, and there shall be filed with the Issuer and the
<br />Trustee a certificate, in conformity with Section 9.03 of
<br />the Lase, signed by the Company and the Sublessee and
<br />concurred in by the Consulting Engineers, certifying that by
<br />re~xson of the occurrence of one or more of the following
<br />events, fully set forth in such certificate, the operation
<br />of the Project is no longer economically or legally
<br />feasible:
<br />(1) the damaging, loss or destruction of all the
<br />Project, or such portion thereof as represents at least the
<br />major productive capacity thereof, due to any cause, whether
<br />fire, casualty, act of God, or any other calamity, event or
<br />cause whatsoever;
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