RES 87418 - Laserfiche WebLink

Prepayment Date* Premiums* (dates inclusive) October 1, 1997 through September 30, 1998 102% October 1, 1998 through September 30, 1999 101 October 1, 1999 and thereafter 100 Manner of Selection of Certificates for Prepayment Whenever less than all of the outstanding Certificates payable on any Certificate Payment Date are called for prepayment, the Trustee will select Certificates for prepayment, in any manner which the Trustee deems appropriate and fair. The Trustee will promptly notify the City and the Lessor in writing of the Certificates selected for prepayment. Notice of Prepayment Notice of prepayment will be mailed by first class mail, postage prepaid, to, among others, the Owners of Certificates designated for prepayment at their addresses appearing on the Certificate registration books, at least 30 days but not more than 60 days prior to the prepayment date. Partial Prepayment of Certificates Upon surrender by the Owner of a Certificate for partial prepayment, payment of such partial prepayment of the principal amount of a Certificate will be made by check mailed to the registered Owner of record at the address as it appears on the registration books of the Trustee. The Trustee will execute and deliver to the Owner of such surrendered Certificate, a new Certificate or Certificates which shall be of authorized denominations equal in aggregate principal amount to the unprepaid portion of the Certificate surrendered and of the same interest rate and the same Certificate Payment Date. Trustee Bank of America National Trust and Savings Association, San Francisco, California, has been appointed as Trustee. The Trustee will receive all of the proceeds of the Certificates and will disburse such proceeds in conformity with the Trust Agreement. In addition to holding and administering various funds of the City, the Trustee will invest the funds held in *Subject to change.