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<br />The Series 2006C Bonds are subject to prepayment and redemption as follows: <br /> <br />ODtional Redemption. The Series 2006C Bonds shall be subject to redemption and <br />prepayment prior to maturity, in whole or in part and if in part in an amount not less than $100,000, <br />on January I, 2007, and any Payment Date thereafter, at the option of the Corporation, at the <br />redemption price equal to the principal amount to be redeemed together with accrued interest to the <br />date fixed for redemption. <br /> <br />SDecial Redemption. The Bonds are also subject to redemption at a redemption price equal <br />to the After Payment Termination Value, plus accrued interest in whole but not in pati on any date <br />for which proper notice can be given upon certain events of damage to, or condemnation of the <br />Facility or any portion thereof. <br /> <br />Upon the occurrence of a Determination ofTaxability (as defined in the Loan Agreement) <br />the Issuer shall redeem all outstanding Bonds with funds derived from a mandatory prepayment of <br />the Loan Agreement by the Corporation. In such event, the Bonds are subject to redemption on any <br />date for which proper notice of call can be given after the Determination of Taxability, at a <br />redemption price equal to the After Payment Termination Value plus accrued interest to the date <br />fixed for redemption. <br /> <br />In addition to the foregoing, if under certain circumstances, an Event of Default as defined <br />in the Loan Agreement shall occur, the principal of all Bonds and all interest accrued thereon shall, <br />without prior notice to the Bondholders, be declared due and payable. <br /> <br />Notice of the call for any such redemption, which shall identifY the Bonds to be redeemed, <br />shall be given by the Lender by mailing a copy of the redemption notice by first-class mail not less <br />than thirty (30) days prior to the redemption date to the registered owner of each Bond to be <br />redeemed at the address shown on the registration books; provided, however, that failure to give such <br />notice by mailing, or any defect therein shall not affect the validity of any proceedings for the <br />redemption of Bonds. <br /> <br />On or prior to the redemption date, funds shall be deposited with the Lender to pay on the <br />redemption date the Bonds or portions thereof thus called and accrued interest thereon to the <br />redemption date. Upon the happening of the above conditions, the Bonds or portions thereof thus <br />called shall not bear interest after the redemption date and shall not be deemed to be outstanding <br />under the provisions of the Bond Resolution. <br /> <br />This Series 2006C Bonds has been issued without registration under state or federal or other <br />securities laws, pursuant to an exemption for such issuance; and accordingly the Series 2006C Bonds <br />may not be assigned or transfen-ed in whole or part, nor may a participation interest in the Series <br />2006C Bonds be given pursuant to any participation agreement, except in accordance with an <br />applicable exemption from such registration requirements. <br /> <br />C-4 <br />