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Section 2.05. Mandatory Sinking Fund Redemption. (a) The Trustee, from <br /> amounts received from or on behalf of the County, will redeem 2021 Bonds <br /> maturing on December 1, 20 , on December 1 in years and amounts upon <br /> payment of 100% of the principal amount thereof plus interest accrued to the <br /> redemption date, as follows: <br /> Year Amount ($1 <br /> [To come.] <br /> *Final maturity <br /> (b) In addition, [provisions for a second term bond if necessary] <br /> The Trustee shall take all appropriate action to withdraw funds from the Principal <br /> Account and make timely payment to the Owners of the Term Bonds subject to <br /> sinking fund redemption. <br /> (b) Notwithstanding the foregoing, on or before the 70th day next <br /> preceding any sinking fund payment date, the County may do either of the following: <br /> (i) deliver to the Trustee for cancellation Term Bonds required to be <br /> redeemed on that sinking fund payment date in any aggregate principal amount <br /> desired; or <br /> (ii) instruct the Trustee to apply a credit against the County's sinking fund <br /> payment obligation for any Term Bonds that previously have been redeemed (other <br /> than through the operation of the sinking fund requirements) and canceled by the <br /> Trustee but not previously applied as a credit against any sinking fund payment <br /> obligation. <br /> The Trustee will credit against the County's sinking fund payment obligation on <br /> each sinking fund payment date the amount of 2021 Bonds so purchased, delivered <br /> or previously redeemed as described in paragraphs (i) or (ii) above. <br /> 10 <br />