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Section 3.01. Prepayment Dates and Prices. The 2010 Bonds may not be • <br />prepaid except as provided in this Section. <br />(a) Optional Prepayment -The 2010 Bonds maturing on or after November 1, <br />2021, are subject to prepayment at the County's option, in whole or in part on any date on <br />or after November 1, 2020, upon payment of the principal amount to be prepaid plus <br />interest accrued to the prepayment date, without premium. <br />(b) Optional Prepayment from Net Proceeds -- The 2010 Bonds are subject to <br />prepayment in whole or in part on any Payment Date from Net Proceeds and other funds <br />transferred to the Prepayment Account pursuant to Section 4.04 at a prepayment price <br />equal to the principal amount to be prepaid plus interest accrued to the prepayment date, <br />without premium. <br />(c) Sinking Fund Prepayment of 2010 Bonds -- (i) The 2010 Bonds <br />maturing on November 1, ,are required to be prepaid in part prior to maturity <br />pursuant to the terms of the sinking fund requirements of Section 3.05 at a prepayment <br />price equal to the principal amount to be prepaid plus interest accrued to the prepayment <br />date, without premium. <br />(ii) The 2010 Bonds maturing on November 1, ,are required to be <br />prepaid in part prior to maturity pursuant to the terms of the sinking fund requirements of • <br />Section 3.05 at a prepayment price equal to the principal amount to be prepaid plus <br />interest accrued to the prepayment date, without premium. <br />(d) The amendment or supplement to this Agreement providing for the <br />issuance of Additional Bonds, as provided in Section 1.05(iii), will provide for the <br />prepayment terms and conditions of any Additional Bonds. <br />Section 3.02. Selection of Bonds for Prepayment. <br />(a) If less than all of the Bonds are to be prepaid pursuant to subsections <br />3.01(a) or 3.01(b), they will be prepaid as among maturities in such manner as the County <br />inay elect. <br />(b) If less than all of the Bonds of any maturity are to be prepaid, the Trustee <br />will select the Bonds to be prepaid by lot; provided, however, that so long as a book-entry <br />system with DTC is used for determining beneficial ownership of Bonds, if less than all <br />of the Bonds within a maturity are to be prepaid, DTC will determine which of the Bonds <br />within any such maturity are to be prepaid in accordance with OTC's own rules and <br />procedures. <br />(c) In any case, (1) the portion of any Bond to be prepaid will be in the • <br />principal amount of $5,000 or some multiple thereof, and (2) in selecting Bonds for <br />prepayment, each Bond will be considered as representing that number of Bonds which is <br />obtained by dividing the principal amount of such Bond by $5,000. If a portion of a <br />9 <br />