Common use of Sinking Fund Redemption Clause in Contracts

Sinking Fund Redemption. The Bonds maturing on September 1, 2005 and September 1, 2010, respectively, shall be subject to redemption commencing September 1, 2004 and September 1, 2006, respectively, and on each September 1 thereafter, at a Redemption Price equal to 100% of the principal amount thereof being redeemed plus accrued interest up to the redemption date. The Trustee shall cause to be redeemed such Bonds in the aggregate principal amounts of the following Sinking Fund Installments on September 1 of each of the following years: Page 282 TERM BONDS DUE SEPTEMBER 1, 2005 Year Sinking Fund Installment 2004 $665,000 2005* 735,000 TERM BONDS DUE SEPTEMBER 1, 2010 Year Sinking Fund Installment 2006 $ 810,000 2007 895,000 2008 990,000 2009 1,095,000 2010 1,210,000 Accrued interest on such Bonds so redeemed shall be paid from the Bond Fund, and all expenses in connection with such Redemption shall be paid by the Borrower. All Bonds redeemed under the Indenture shall be redeemed in the manner provided in the Indenture. The principal amount of Bonds to be redeemed in the years 2004 through 2010 shall be reduced by the amount of such Bonds that the Trustee has previously redeemed pursuant to Section 301(b) (special mandatory redemption) or 301(e) (optional redemption) of the Indenture.

Sinking Fund Redemption. The Bonds maturing on September 1, 2005 and September 1, 2010, respectively, shall be subject to redemption Redemption commencing September 1, 2004 and September 1, 2006, respectively, and on each September 1 thereafter, as applicable, at a Redemption Price equal to 100% of the principal amount thereof being redeemed plus accrued interest up to the redemption date. The Trustee shall cause to be redeemed such Bonds in the aggregate principal amounts of the following Sinking Fund Installments on September 1 of each of the following years: Page 282 TERM BONDS DUE SEPTEMBER Term Bonds Due September 1, 2005 Year Sinking Fund Installment ($) 2004 $665,000 2005* 2005 735,000 TERM BONDS DUE SEPTEMBER Term Bonds Due September 1, 2010 Year Sinking Fund Installment ($) 2006 $ 810,000 2007 895,000 2008 990,000 2009 1,095,000 2010 1,210,000 On or before the thirtieth (30th) day next preceding a Sinking Fund Installment due date, the Trustee shall select for Redemption on such date the principal amount of Bonds, in an amount not exceeding that necessary to complete the retirement of such Sinking Fund Installment, as of such Sinking Fund Installment due date. Accrued interest on such Bonds so redeemed shall be paid from the Bond Fund, and all expenses in connection with such Redemption shall be paid by the Borrower. All Bonds redeemed under the Indenture provisions of this Section shall be redeemed in the manner provided in the IndentureSection 302 hereof. The principal amount of Bonds to be redeemed in the years 2004 through 2010 shall be reduced by the amount of such Bonds that the Trustee has previously redeemed pursuant to Section 301(b) or (special mandatory redemptione) or 301(e) (optional redemption) of the Indenturehereof.

Sinking Fund Redemption. The Bonds maturing on September 1, 2005 and September 1, 2010, respectively, shall be subject to redemption Redemption commencing September 1, 2004 and September 1, 2006, respectively, and on each September 1 thereafter, as applicable, at a Redemption Price equal to 100% of the principal amount thereof being redeemed plus accrued interest up to the redemption date. The Trustee shall cause to be redeemed such Bonds in the aggregate principal amounts of the following Sinking Fund Installments on September 1 of each of the following years: Page 282 TERM BONDS DUE SEPTEMBER PAGE 221 Term Bonds Due September 1, 2005 Year Sinking Fund Installment 2004 $665,000 2005* 2005 735,000 TERM BONDS DUE SEPTEMBER Term Bonds Due September 1, 2010 Year Sinking Fund Installment 2006 $ 810,000 2007 895,000 2008 990,000 2009 1,095,000 2010 2010* 1,210,000 On or before the thirtieth (30th) day next preceding a Sinking Fund Installment due date, the Trustee shall select for Redemption on such date the principal amount of Bonds, in an amount not exceeding that necessary to complete the retirement of such Sinking Fund Installment, as of such Sinking Fund Installment due date. Accrued interest on such Bonds so redeemed shall be paid from the Bond Fund, and all expenses in connection with such Redemption shall be paid by the Borrower. All Bonds redeemed under the Indenture provisions of this Section shall be redeemed in the manner provided in the IndentureSection 302 hereof. The principal amount of Bonds to be redeemed in the years 2004 through 2010 shall be reduced by the amount of such Bonds that the Trustee has previously redeemed pursuant to Section 301(b) or (special mandatory redemptione) or 301(e) (optional redemption) of the Indenturehereof.

Sinking Fund Redemption. The Bonds maturing on September 1, 2005 and September 1, 2010, respectively, shall be subject to redemption commencing September 1, 2004 and September 1, 2006, respectively, and on each September 1 thereafter, at a Redemption Price equal to 100% of the principal amount thereof being redeemed plus accrued interest up to the redemption date. The Trustee shall cause to be redeemed such Bonds in the aggregate principal amounts of the following Sinking Fund Installments on September 1 of each of the following years: Page 282 TERM BONDS DUE SEPTEMBER 1, 2005 Year Sinking Fund Installment ($) 2004 $665,000 2005* 2005 735,000 TERM BONDS DUE SEPTEMBER 1, 2010 Year Sinking Fund Installment ($) 2006 $ 810,000 2007 895,000 2008 990,000 2009 1,095,000 2010 1,210,000 Accrued interest on such Bonds so redeemed shall be paid from the Bond Fund, and all expenses in connection with such Redemption shall be paid by the Borrower. All Bonds redeemed under the Indenture shall be redeemed in the manner provided in the Indenture. The principal amount of Bonds to be redeemed in the years 2004 through 2010 shall be reduced by the amount of such Bonds that the Trustee has previously redeemed pursuant to Section 301(b) (special mandatory redemption) or 301(e) (optional redemption) of the Indenture.