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IN ADDITION, THE BONDS scheduled to mature on [December 15], 20_ (the "Term <br />Bonds") are subject to scheduled mandatory redemption by the Paying Agent/Registrar by lot, or <br />by any other customary method that results in a random selection, at a price equal to the principal <br />amount thereof, plus accrued interest to the redemption date, out of moneys available for such <br />purpose in the interest and sinking fund for the Bonds, on the dates and in the respective <br />principal amounts, set forth in the following schedule: <br />Term Bond <br />Maturity: [December 15], 20 <br />Mandatory Redemption Principal <br />Date Amount <br />[December 15], 20_ <br />[December 15], 20_* <br />Stated maturity. <br />The principal amount of Term Bonds required to be redeemed on any mandatory <br />redemption date pursuant to the operation of the mandatory sinking fund redemption provisions <br />shall be reduced, at the option of the City, by the principal amount of any Term Bonds which, at <br />least 45 days prior to a mandatory redemption date (1) shall have been acquired by the City at a <br />price not exceeding the principal amount of such Term Bonds plus accrued interest to the date of <br />purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, (2) shall have <br />been purchased and canceled by the Paying Agent/Registrar at the request of the City at a price <br />not exceeding the principal amount of such Term Bonds plus accrued interest to the date of <br />purchase, or (3) shall have been redeemed pursuant to the optional redemption provisions and <br />not theretofore credited against a mandatory redemption requirement. <br />AT LEAST 30 days prior to the date fixed for any redemption of Bonds or portions <br />thereof prior to maturity a written notice of such redemption shall be sent by the Paying <br />Agent/Registrar by United States mail, first-class postage prepaid, to the registered owner of <br />each Bond to be redeemed at its address as it appeared at the close of business on the day of <br />mailing such notice; provided, however, that the failure of the registered owner to receive such <br />notice, or any defect therein or in the sending or mailing thereof, shall not affect the validity or <br />effectiveness of the proceedings for the redemption of any Bond. By the date fixed for any such <br />redemption, due provision shall be made with the Paying Agent/Registrar for the payment of the <br />required redemption price for the Bonds or portions thereof which are to be so redeemed. If such <br />written notice of redemption is sent and if due provision for such payment is made, all as <br />provided above, the Bonds or portions thereof which are to be so redeemed thereby <br />automatically shall be treated as redeemed prior to their scheduled maturities, and they shall not <br />bear interest after the date fixed for redemption, and they shall not be regarded as being <br />outstanding except for the right of the registered owner to receive the redemption price from the <br />Paying Agent/Registrar out of the funds provided for such payment. If a portion of any Bond <br />shall be redeemed a substitute Bond or Bonds having the same maturity date, bearing interest at <br />the same rate, in any denomination or denominations in any integral multiple of $5,000, at the <br />written request of the registered owner, and in aggregate amount equal to the unredeemed <br />A-3 <br />