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, , ' , , <br /> of Outstanding Principal Amount. The Note shall be redeemed in the amount of not less than <br /> $1,000 as aforesaid. <br /> The City covenants that it will cause the Paying Agent to redeem the Note pursuant to the <br /> mandatory redemption required for the Note. Proper provision for mandatory redemption having <br /> been made, the City covenants that the Outstanding Principal Amount hereof to be redeemed <br /> shall be payable as at Stated Maturity. <br /> (b) Optional Redemption. The Note shall be subject to redemption at the option of the <br /> City, in whole or in part, on any date, at a redemption price of par plus accrued interest to the <br /> redemption date. <br /> The City shall, at least 15 days prior to the redemption date (unless a shorter time shall be <br /> satisfactory to the Noteholder), notify the Noteholder of such redemption dates and of the <br /> principal amount of the Note to be prepaid. <br /> Unless waived by the Noteholder, notice of any such redemption shall be given by the <br /> City by mailing the redemption notice by registered or certified mail not less than 10 days and <br /> not more than 60 days prior to the date fixed for redemption to the Noteholder at the address <br /> shown on the Note Register. <br /> All notices of redemption shall include at least the information as follows: <br /> (1) the redemption date; <br /> (2) the redemption price; <br /> (3) if less than all of the Note is to be prepaid, the principal amount of the <br /> Note to be prepaid; <br /> -12- <br />