Orange County NC Website
New York, New York 10007 <br />Attention: Municipal News Report; and <br />{D)Standard &. Poor's Called Bond Record <br />55 Water Street <br />New York, New York 10041. <br />(4) In any case, to the Insurer. <br />Failure to give any notice specified in (1) or (2), as applicable, or any defect <br />therein, will not affect the validity of any proceedings for the prepayment of any <br />Certificates ti~Jith respect to v~rlnich no such failure has occurred. Failure to give any <br />notice specified in {3} or {4), or any defect therein, will not affect the validity of <br />anyT proceedings for the prepayment of any Certificates with respect to which the <br />1lotlce specified in (1) or (2) is correctly gizTen. Any notice mailed as provided <br />herein will conclusively be presumed to have been given regardless of whether <br />actually received by any Owner. <br />(b) Any prepayment notice, except a prepayment notice in respect of a <br />sinking fund payment date, may state that the prepa~Tment to be effected is <br />conditioned upon the Trustee's receipt on or prior to the prepayment date of <br />moneys sufficient to pay the principal of and premium, if any, and interest on the <br />Certificates to be prepaid, and that if such moneys are not so received such notice <br />shall be of no force or effect and such Certificates shall not be required to be <br />prepaid. If such notice contains such a condition and the Trustee does not receive <br />moneys sufficient to pay the principal of and premium, if any, and interest on such <br />Certificates on or prior to the prepayment date, the prepayment u~•ill not be made <br />and the Trustee will, within a reasonable time thereafter, give notice, in a mariner <br />in ti~rhich the prepayment notice ~~jas given, that such moneys v~Tere not so received. <br />{c) Each prepayment notice must specify (1) the complete designation, <br />including Series, of the Certificates to be prepaid, {2} the certificate and CUSIP <br />numbers of the Certificates to be prepaid, (3) the dated dates and maturity dates <br />and the interest rates of the Certificates to be prepaid, (4) the date fixed for <br />prepayment, (5) the principal amount of Certificates or portions thereof to be <br />prepaid, (6) the applicable prepayment price, (7} the address of the place or places <br />of payment, (8) tlne Trustee's name and telephone number, and the name of a <br />contact person, (9) that payment of the principal amount and premium, if any, with <br />respect to such Certificates will be made upon presentation and surrender of the <br />Certificates to be prepaid to the Trustee, (10) that interest accrued to the date fixed <br />far prepayment will be paid as specified in such notice, and (l 1 } that on and after <br />the established prepayment date interest on Certificates which have been prepaid <br />will cease to accrue. <br />93 362v2 12 <br />