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May I, through April 30, _ 0.25% per year or portion of <br />a year from date of <br />redemption to date of <br />maturity, but nor more than <br />2% <br />May 1, and thereafter 0% <br />(c) Mandatory Sinking Fund Redemption. (i) Bonds maturing on May 1, <br />(the " Term Bonds") are also subject [o mandatory redemption in whole, or in part by lot, on <br />May l in each yeaz commencing May 1, , from sinking fund payments made by the City <br />pursuant [o the Installment Purchase Contract, at a redemption price equal to [he principal amount <br />evidenced thereby to be redeemed, without premium, in the aggregate respective principal amounts <br />and on May I in the respective years as set forth in the following table; provided, however, that (i) <br />in lieu of redemption thereof the Term Bonds may be purchased by the Authority pursuant <br />to the Installment Purchase Contract, and (ii) if some but not all of such Term Bonds have <br />been redeemed pursuant to the two preceding paragraphs, the total amount of all future sinking <br />fund payments shall be reduced by the aggregate principal amount of such Term Bonds so <br />redeemed, to be allocated among such sinking fund payments on a pro rata basis in integral <br />multiples of $5,000 as determined by the Authority: <br />Sinking Fund Principal Amount of <br />Redemption Date Term Bonds <br />(Mav 11 To Be Redeemed <br />Section 4.02. Selection of Bonds for Redemption In the event that part, but no[ <br />all, of the Bonds are to be redeemed, the Bonds to be redeemed shall be selected by the Tmstee <br />from in inverse order of maturity and by lot within a maturity. <br />For the purpose of the selection described in this Section, all Bonds registered in the <br />name of the same Owner shall be aggregated and treated as a single Bond held by such Owner. <br />Notwithstanding any of the foregoing, in any such partial redemption the Trustee shall call the <br />Bonds in integral multiples of $5,000 with the exception of the Bonds allocable to any one Owner, <br />which may include a Bond in an amount which is not an integral multiple of $5;000. <br />Section 4.03. Notice of Redemption. When redemption is authorized or required <br />pursuant to this Article, the Trustee shall give notice (the "Redemption Notice"), at [he expense of <br />18 <br />9A06'/OIZ.LAI <br />