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a , ' , . <br /> (4) a statement that on the redemption date the redemption price will become <br /> due and payable upon the Note or portion thereof called for redemption and that interest <br /> thereon shall cease to accrue from and after said date; and <br /> (5) the place where the Note is to be surrendered for payment of the <br /> redemption price, which place of payment shall be the principal office of the Paying <br /> Agent. <br /> Prior to any redemption date, the City shall dete�nine that Pledged Moneys are on hand <br /> and lawfully available in an amount sufficient to pay such redemption price in full. <br /> Notice of redemption having been given as aforesaid, the Note or portion of the Note so <br /> to be redeemed shall, on the redemption date, become due and payable at the redemption price <br /> therein specified, and from and after such date(unless the City shall default in the payment of the <br /> redemption price) such Note or portion of the Note shall cease to bear interest. <br /> Neither the failure to mail such redemption notice nor any defect in any notice so mailed <br /> to any particular Noteholder shall affect the sufficiency of such notice with respect to any other <br /> registered owners. Notice having been properly given, failure of a registered Noteholder to <br /> receive such notice shall not be deemed to invalidate, limit or delay the effect of the notice or the <br /> redeznption action described in the notice. Such notice may be waived in writing by a registered <br /> owner of the Note, either before or after the event, and such waiver shall be the equivalent of <br /> such notice. Waivers of notice shall be filed with the Note Registrar, but such filing shall not be <br /> a condition precedent to the validity of any action taken in reliance upon such waiver. <br /> -13- <br />