Orange County NC Website
(b) If less than all of the Certificates of any maturity are to be prepaid, the <br />Trustee will select the Certificates to be prepaid by lot; provided, however, that so <br />long as a book-entry system ujith DTC is used for determiiung beneficial <br />ownership of Certificates, if less than all of the Certificates within a maturity are to <br />be prepaid, DTC will determine which of the Certificates within any such maturity <br />are to be prepaid in accordance with DTC's own rules and procedures. <br />(c) In any case, (1 }the portion of any Certificate to be prepaid will be in <br />the principal amount of $5,000 or some multiple thereof,, and (2) in selecting <br />Certificates for prepayment, each Certificate will be considered as representing that <br />number of Certificates which is obtained by dividing the principal amount of such <br />Certificate by $5,000. If a portion of a Certificate will be called far prepayment, a <br />new Certificate in principal amount equal to the unpaid portion thereof will be <br />issued to the registered owner upon the surrender thereof. <br />Section 3.03. Prepayment Natives. (a) The Trustee, upon being <br />satisfactorily indemnified with respect to expenses, will send notice of prepayment <br />no less than 30 nor more than GO days prior to the prepayment date, by registered <br />or certified mail, return receipt requested, as follouTs: <br />(1) If DTC or its nominee is the registered owner of the Certificates, to DTC. <br />(2) If no book-entry-only system of registration is in effect, to each of the <br />registered owners of the Certificates at their addresses as shown on the Trustee's <br />registration books. <br />(3) In any case, to at least two national information services which <br />disseminate redemption and prepayment information, such as the following: <br />(A) Financial Information, Inv.'s <br />Daily Called Bond Service <br />30 Montgomery Street, 10th Floor <br />Jersey City, New Jersey 07302 <br />Attention: Editor; <br />(B) Keruzy Information Service's <br />Called Bond Service <br />55 Broad Street, 28th Floor <br />New York, New York 10004; <br />(C) Moody's Municipal and Government <br />Called Bond Record <br />99 Church Street, $th Floor <br />93 362v2 11 <br />