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• <br />SECTION 8. MMARTIM OF NOTES. The Series 1986 Notes shall be <br />subject to redemption prior to maturity, at the option of the Issuer, as a whole <br />or in part, at such times and in such amounts as shall be determined and <br />specified in a subsequent resolution of the Issuer. <br />'The Series 1986 Notes are subject to redemption prior to maturity as a <br />whole, on February 15, 1988, upon payment of the principal amount thereof, <br />together with accrued interest to the date fixed for redemption, in the event <br />that a final conmitment letter- with respect to the Project and the purchase of <br />the Bonds is not received by the Issuer from the Government on or prior to <br />January 1, 1988. <br />A. Selection of Notes to be Redeemed. Whenever the <br />Paying Agent shall be required to select any Notes for <br />redemption by lot, the Paying Agent shall draw the <br />appropriate Notes to be redeemed by lot in the usual and <br />customary manner. <br />For the purpose of selecting any of the Notes for <br />redemption, each Note subject to redemption shall be treated <br />as representing that number of Notes that is obtained by <br />dividing the principal amount thereof by $5,000, each $5,000 <br />portion of such Note being subject to redemption. <br />In the case of partial redemption of any Note, payment <br />of the redemption price shalI be made only UpOn surrender of <br />such Note, in exchange for a Note or Notes of authorized <br />denominations in aggregate principal amount equal to the <br />unredeemed portion of the principal amount of such Note. <br />-78- <br />