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� , l <br /> Prior to any redemption date, the City shall deposit with the Paying Agent an amount <br /> of money sufficient to pay the redemption price of all the Bonds or portions of Bonds which <br /> are to be redeemed on that date. <br /> Official notice of redemption having been given as aforesaid, the Bonds or portions of <br /> Bonds so to be redeemed shall, on the redemption date, become due and payable at the <br /> redemption price therein specified, and from and after such date (unless the City shall <br /> default in the payment of the redemption price), such Bonds or portions of Bonds shall cease <br /> to bear interest. Neither the failure to mail such redemption notice, nor any defect in any <br /> notice so mailed, to any particular registered owner of a Bond, shall affect the sufficiency of <br /> such notice with respect to other registered owners. Notice having been properly given, <br /> failure of a registered owner of a Bond to receive such notice shall not be deemed to <br /> invalidate, limit or delay the effect of the notice or redemption action described in the <br /> notice. Such notice may be waived in writing by a registered owner of a Bond entitled to <br /> receive such notice, either before or after the event, and such waiver shall be the equivalent <br /> of such notice. Waivers of notice by registered owners shall be filed with the Bond <br /> Registrar, but such filing shall not be a condition precedent to the validity of any action <br /> taken in reliance upon such waiver. <br /> Upon surrender of such Bonds for redemption in accordance with said notice, such <br /> Bonds shall be paid by the Paying Agent at the redemption price. The procedure for the <br /> payment of interest due as part of the redemption price shall be as herein provided for <br /> payment of interest otherwise due. Upon surrender for any partial redemption of any Bond, <br /> there shall be prepared for the registered owner a new Bond or Bonds of like tenor, of <br /> authorized denominations, of the same maturity, and bearing the same rate of interest in the <br /> amount of the unpaid principal. <br /> -11- <br />