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<br />Section 3.12. Payments to Cede & Co. <br /> <br />Notwithstanding any other provision of this Ordinance to the contrary, so long as any Certificates <br />are registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal of, <br />premium, if any, and interest on such Certificates, and all notices with respect to such Certificates, shall be <br />made and given, respectively, in the manner provided in the Representation Letter. <br /> <br />ARTICLE IV <br /> <br />REDEMPTION OF CERTIFICATES BEFORE MATURITY <br /> <br />Section 4.01. Limitation on Redemption. <br /> <br />The Certificates shall be subject to redemption before scheduled maturity only as provided in this <br />Article IV. <br /> <br />Section 4.02. Redemption of Certificates Prior to Maturity. <br /> <br />(a) Optional Redemption. <br /> <br />(i) The City reserves the option to redeem the Certificates maturing on and after August <br />15,2010, in whole or in part, before their scheduled maturity date, on August 15,2009, or on any <br />date thereafter (such redemption date or dates to be fixed by the City at a price equal to the principal <br />amount of the Certificates called for redemption plus accrued interest from the most recent interest <br />payment date on which interest has been paid or duly provided for to the redemption date. <br /> <br />(ii) The City, at least forty-five (45) days before the redemption date (unless a shorter <br />period shall be satisfactory to the Paying Agent/Registrar), shall notify the Paying Agent/Registrar <br />of such redemption date and of the principal amount of Certificates to be redeemed. <br /> <br />(b) Mandatory Sinking Fund Redemption. <br /> <br />(i) The Certificates scheduled to mature on August 15,2020 ("Term Certificates") are <br />subject to scheduled mandatory redemption by the Paying AgentlRegistrar (or DTC or a successor <br />securities depository, as applicable, if the Certificates are in Book-Entry form) by lot, or by any <br />other customary method that results in a random selection, at a price equal to the principal amount <br />thereof, plus accrued interest to the redemption date, out of moneys available for such purpose in <br />the Interest and Sinking Fund, on the dates and in the respective principal amounts, set forth in the <br />following schedule: <br /> <br />R.ISANMARICO.O!I\lloc$\FINAVDRIlCO.WPD <br /> <br />13 <br />