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<br /> <br /> <br />7 <br />Year) may also be used and withdrawn by the Authority, upon the Written Request of the <br />Authority delivered to the Trustee, at any time for the purchase of such 2026 Term Bonds at <br />public or private sale as and when and at such prices (including brokerage and other charges <br />and including accrued interest) as the Authority may in its discretion determine. The par amount <br />of any of such Term Bonds so purchased by the Authority in any twelve-month period ending on <br />April 1 in any year shall be credited towards and shall reduce the par amount of such Term <br />Bonds required to be redeemed pursuant to this provision on the next succeeding April 1. <br /> <br />Notice of Redemption. The Trustee shall mail notice of redemption of the 2026 Bonds <br />by first class mail, postage prepaid, not less than 20 nor more than 60 days before any <br />redemption date, to the respective Owners of any 2026 Bonds designated for redemption at <br />their addresses appearing on the Bond Registration Books and to one or more Securities <br />Depositories and to the Information Services. Each notice of redemption shall state the date of <br />the notice, the redemption date, the place or places of redemption, whether less than all of the <br />2026 Bonds (or all 2026 Bonds of a single maturity) are to be redeemed, the CUSIP numbers <br />and (in the event that not all 2026 Bonds within a maturity are called for redemption) 2026 Bond <br />numbers of the 2026 Bonds to be redeemed and the maturity or maturities of the 2026 Bonds to <br />be redeemed, and in the case of 2026 Bonds to be redeemed in part only, the respective <br />portions of the principal amount thereof to be redeemed. Each such notice shall also state that <br />on the redemption date there will become due and payable on each of said 2026 Bonds the <br />redemption price thereof, and that from and after such redemption date interest thereon shall <br />cease to accrue, and shall require that such Bonds be then surrendered. <br /> <br />Each notice relating to a redemption pursuant to the optional redemption or special <br />mandatory redemption provisions described above shall further state that such redemption may <br />be rescinded by the Authority on or prior to the date set for redemption. Neither the failure to <br />receive any notice nor any defect therein shall affect the sufficiency of the proceedings for such <br />redemption or the cessation of accrual of interest from and after the redemption date. Notice of <br />redemption of 2026 Bonds shall be given by the Trustee, at the expense of the Authority, for <br />and on behalf of the Authority. <br /> <br />Notwithstanding the foregoing, while the 2026 Bonds are subject to DTC’s book-entry <br />system, the Trustee will be required to give notice of redemption only to DTC as provided in the <br />letter of representations executed by the Authority and received and accepted by DTC. DTC <br />and the Participants will have sole responsibility for providing any such notice of redemption to <br />the beneficial owners of the 2026 Bonds to be redeemed. Any failure of DTC to notify any <br />Participant, or any failure of Participants to notify the Beneficial Owner of any 2026 Bonds to be <br />redeemed, of a notice of redemption or its content or effect will not affect the validity of the <br />notice of redemption, or alter the effect of redemption set forth in the Indenture. <br /> <br />Rescission of Redemption and Cancellation of Redemption Notice. The Authority <br />shall have the right to rescind any redemption pursuant to the optional redemption or special <br />mandatory redemption provisions described above by written notice to the Trustee on or prior to <br />the date fixed for redemption. Any notice of redemption shall be cancelled and annulled if for <br />any reason funds are not available on the date fixed for redemption for the payment in full of the <br />2026 Bonds then called for redemption, and such cancellation shall not constitute an Event of <br />Default under the Indenture. The Trustee shall mail notice of rescission of redemption in the <br />same manner notice of redemption was originally provided. <br /> <br />Selection of 2026 Bonds for Redemption. With respect to the 2026 Bonds, whenever <br />less than all of the 2026 Bonds of a maturity are to be selected for redemption, the Trustee shall <br />Page 135 of 205