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w <br />the period of 45 days immediately preceding any interest payment <br />date on which Term Obligations are subject to call for redemp- <br />tion, except from moneys in excess of the amounts set aside or <br />deposited for the redemption of Term Obligations. <br />(2) Subject to the provisions of Paragraph (3) below, <br />whenever sufficient money is on deposit in the Bond Amortization <br />Account to redeem $5,000 or more principal amount of Term <br />Obligations, the County shall call for redemption from money in <br />the Bond Amortization Account such amount of Term Obligations <br />then subject to redemption as, with the redemption premium, if <br />any, will exhaust the money then held in the Bond Amortization <br />Account as nearly as may be practicable. Prior to calling Term <br />Obligations for redemption, the County shall withdraw from the <br />Bond Service Fund and from the Bond Amortization Account therein <br />and set aside in separate accounts or deposit with the paying <br />agents the respective amounts required for paying the interest on <br />and the principal of and redemption premium applicable to the <br />Term Obligations so called for redemption. <br />(3) Moneys in the Bond Amortization Account shall be <br />applied by the County in each Fiscal Year to the retirement of <br />Term Obligations then outstanding in the following order: <br />(a) The Term Obligations of each series of Obligations <br />to the extent of the Amortization Installment, if any, for such <br />Fiscal Year for the Term Obligations of each such series then <br />outstanding, plus the applicable premium, if any, and, if the <br />amount available in such Fiscal Year shall not be sufficient <br />therefor, then in proportion to the Amortization Installment, if <br />any, for such Fiscal Year for the Term Obligations of each such <br />series then outstanding, plus the applicable premium, if any; <br />provided, however, that if the Term Obligations of any such <br />series shall not then be subject to redemption from moneys in the <br />Bond Amortization Account and if the County shall at any time be <br />unable to exhaust the moneys applicable to the Term Obligations <br />-19- <br />