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(a) Optional Redemption - The 2021 Bonds maturing on or after December <br /> 1, 2032, are subject to redemption at the County's option, in whole or in part on any <br /> date on or after December 1, 2031, upon payment of the principal amount to be <br /> redeemed plus interest accrued to the redemption date, without any prepayment <br /> penalty or premium. <br /> (b) Mandatory Sinking Fund Redemption -- The 2021 Bonds maturing on <br /> are required to be redeemed in part prior to maturity pursuant <br /> to the terms of the sinking fund requirements of Section 2.05 at a redemption price <br /> equal to the principal amount to be redeemed plus interest accrued to the <br /> redemption date, without any prepayment penalty or premium. <br /> The supplement to this Agreement providing for the issuance of any <br /> Additional Bonds will set out the terms and conditions for their redemption. <br /> Section 2.02. Selection of 2021 Bonds for Redemption. <br /> (a) If less than all the 2021 Bonds are to be redeemed pursuant to the <br /> provisions of subsection 2.01(a), they will be redeemed among maturities in any <br /> manner the County chooses. The County is not required to redeem Series A Bonds in <br /> preference to Series B Bonds, or vice versa, or to redeem Bonds ratably among <br /> Series. <br /> (b) If less than all of the 2021 Bonds of any maturity are to be redeemed, <br /> the Trustee must select the 2021 Bonds to be redeemed by lot; provided, however, <br /> that so long as a book-entry system with DTC is used for determining beneficial <br /> ownership of 2021 Bonds, if less than all of the 2021 Bonds within a maturity are to <br /> be redeemed, the parties agree that DTC may determine which of the 2021 Bonds <br /> within the maturity are to be redeemed in accordance with DTC's then-current rules <br /> and procedures. <br /> (c) In any case, (i) the portion of any 2021 Bond to be redeemed must be <br /> in the principal amount of $5,000 or some integral multiple thereof, and (ii) in <br /> selecting 2021 Bonds for redemption, each 2021 Bond will be considered as <br /> representing that number of 2021 Bonds which is obtained by dividing the principal <br /> amount of that 2021 Bond by $5,000. If a portion of a 2021 Bond is called for <br /> redemption, the County will prepare, and the Trustee will deliver, a new 2021 Bond <br /> of the same series in principal amount equal to the unpaid portion to the registered <br /> owner upon the surrender of the 2021 Bond. <br />