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<br />corporate trust office, if the Paying Agent is not the City's Finance Department) for notation <br />thereon of the amount of principal then paid or for issuance of a replacement Bond in the <br />principal amount not redeemed. Notwithstanding the provisions of clause (ii) above, a <br />partial prepayment may be effected by payment to the Bondholder of the principal without <br />surrender of this Bond. If, on the prepayment date, funds for the payment of the principal <br />amount to be prepaid shall have been provided to the Paying Agent, as above provided, then <br />from and after the prepayment date interest on such principal amount of this Bond shall <br />cease to accrue. If said funds shall not have been so paid on the prepayment date with <br />respect to principal and on the next succeeding Payment Date with respect to interest, the <br />principal amount of the Bond shall continue to bear interest until payment thereof. <br /> <br />The First Tranche of this Bond shall be subject to purchase by the City in whole or <br />in part at the option of the Bondholder on December 15,2009 at a purchase price equal to <br />the advanced principal amount of the First Tranche of this Bond then unpaid, plus interest <br />accrued to the date of purchase. In order to exercise such option, the Bondholder shall <br />provide the City with written notice thereof not later than June 15, 2009. The Second <br />Tranche of this Bond shall be subject to purchase by the City in whole or in part at the <br />option of the Bondholder on December 30, 2009 at a purchase price equal to the advanced <br />principal amount of the Second Tranche of this Bond then unpaid, plus interest accrued to <br />the date of purchase. In order to exercise such option, the Bondholder shall provide the City <br />with written notice thereof not later than June 30, 2009. The Third Tranche of this Bond <br />shall be subject to purchase by the City in whole or in part at the option of the Bondholder <br />on January 14,2010 at a purchase price equal to the advanced principal amount of the Third <br />Tranche of this Bond then unpaid, plus interest accrued to the date of purchase. In order to <br />exercise such option, the Bondholder shall provide the City with written notice thereof not <br />later than July 15,2009. <br /> <br />THIS BOND SHALL NOT BE AND SHALL NOT CONSTITUTE AN <br />INDEBTEDNESS OF THE CITY WITHIN THE MEANING OF ANY <br />CONSTITUTIONAL, STATUTORY, CHARTER OR OTHER LIMITATIONS OF <br />INDEBTEDNESS BUT SHALL BE SECURED SOLELY BY AND PAYABLE FROM <br />THE PLEDGED REVENUES. NO HOLDER OF THIS BOND SHALL EVER HAVE <br />THE RIGHT TO COMPEL THE EXERCISE OF AD VALOREM TAXING POWER OF <br />THE CITY, OR TAXATION IN ANY FORM OF ANY REAL PROPERTY THEREIN <br />TO PAY THE BOND OR THE INTEREST THEREON. <br /> <br />The terms and provisions of the Ordinance are incorporated in this Bond as though <br />such terms and provisions have been set out in full herein. <br /> <br />A-6 <br />