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Upon the occurrence of an Event of Taxability, the Bonds shall bear interest at the Taxable Rate from the date interest on the Bonds is determined by the Internal Revenue Service to be includible in the gross income of the owner thereof for federal income tax purposes Payment of the principal of the Series 2017 Bonds shall be made upon the surrender thereof at maturity or on redemption prior to maturity at the Principal Trust Office of the Trustee So long as the Bonds are owned by the Original Purchaser, the following shall apply (a) the Bonds are not required to be presented and surrendered to the Trustee for payment at any time prior to the final maturity thereof, and (b) the Trustee will pay the principal of and interest on the Bonds by wire transfer to the Original Purchaser in accordance with the wire transfer instructions provided by the Original Purchaser to the Trustee from time to time, provided that principal on the Bond which is payable at matunty shall be made only upon presentation and surrender thereof at the Principal Trust Office of the Trustee as set forth in the preceding paragraph SECTION 2 03 Extraordinary Redemption of Series 2017 Bonds The Series 2017 Bonds are subject to redemption by the Authority on any date prior to their respective stated maturities, upon notice as hereinafter provided, as a whole, or in part by lot within each stated maturity in integral multiples of five thousand dollars ($5,000) so that the aggregate annual principal amount of Series 2017 Bonds which shall be payable after such redemption date shall be as nearly proportional as practicable to the aggregate annual principal amount of Series 2017 Bonds Outstanding after such redemption date, from payments made by the Authority from the Net Proceeds received by the City due to a prepayment of the City's 2017 Installment Sale Payments pursuant to Section 3 03(a) of the Agreement, at the pnncipal amount thereof and interest accrued thereon to the date fixed for redemption, without premium If less than all Outstanding Series 2017 Bonds maturing by their terms on any one date are to be redeemed at any one time, the Trustee shall select the Senes 2017 Bonds of such maturity date to be redeemed in any manner that it deems appropriate and fair Notice of redemption shall be mailed by the Trustee, not less than thirty (30) nor more than sixty(60) days prior to the redemption date to (i)the respective Holders of the Series 2017 Bonds designated for redemption at their addresses appearing on the registration books of the Trustee, (ii) the Securities Depositories, and (iii)one or more Information Services Notice of redemption to the Securities Depositories and the Information Services shall be given by registered mail, certified mail, overnight delivery or facsimile transmission Each notice of redemption shall state the date of such notice, the redemption price, if any, (including the name and appropriate address of the Trustee), the CUSIP number(if any) of the maturity or matunties, and, if less than all of any such maturity is to be redeemed, the distinctive certificate numbers of the Series 2017 Bonds of such maturity to be redeemed and, in the case of Senes 2017 Bonds to be redeemed in part only, the respective portions of the principal amount thereof to be redeemed Each such notice shall also state that on said date there will become due and payable on each of said Series 2017 Bonds the redemption price, if any, thereof and in the case of a Series 2017 Bond to be redeemed in part only, the specified portion of the pnncipal amount thereof to be -9- 2762680 2