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Section 4.02 Notice of Redemption.
(a) Not less than 20 days prior to the redemption date, the Trustee shall give written notice of
redemption to the Holders (with a copy to the Borrower, the Investor Limited Partners, and the Remarketing
Agent) by first-class mail, postage prepaid, at their respective addresses appearing on the Register. The
notice shall state the following:
(1) the redemption date;
(2) the redemption price;
(3) if less than all Outstanding Bonds are to be redeemed, the identification by
designation, letters, numbers or other distinguishing marks (and, in the case of partial redemption,
the respective principal amounts) of the Bonds to be redeemed;
(4) that on the redemption date the redemption price of each such Bond will become
due and payable to the extent of funds on deposit with the Trustee for that purpose, and that interest
on the principal amount of each such Bond to be redeemed shall cease to accrue on such date;
(5) the place where such Bonds are to be surrendered for payment of the redemption
price, which place of payment shall be the office of the Trustee designated in such notice; and
(6) such additional information as the Trustee or the Issuer shall deem appropriate.
(b) In addition to the foregoing notice, further notice shall be given by the Trustee as set out
below, but no defect in such further notice nor any failure to give all or any portion of such further notice
shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above
prescribed. Each further notice of redemption given hereunder shall contain the information required above
for an official notice of redemption and in addition (1) the complete official title; including series
designation, delivery date, interest rate and maturity date of each Bond being redeemed; (2) the certificate
and CUSIP number of each such Bond, and, in the case of a partial redemption, the amount of the principal
represented by each such certificate that is being redeemed; (3) the date of mailing of official notice of
redemption; and (4) any other descriptive information needed to identify accurately the Bonds being
redeemed.
(c) Further notices of redemption shall be sent by first-class mail or overnight delivery service
to any Holder owning, on the date such notice is sent, Bonds in the aggregate principal amount of
$1,000,000 or more.
(d) If the Bonds are not then being held under a book-entry system, each further notice of
redemption shall be sent at least 30 days before the redemption date by first-class mail or overnight delivery
service to the Securities Depositories and to the Information Services. This further notice of redemption
sent to the Securities Depositories pursuant to the preceding sentence shall be sent at such time as shall
insure that such notice is received at least two (2) Business Days before official notice of such redemption
is received.
(e) A second notice of redemption shall be sent by the same means as the first such notice not
later than 60 days after the redemption date to any Holder who shall not have presented for payment the
Bond or Bonds called for redemption within 30 days after such date.
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