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with their respective terms from the money and the principal and interest proceeds on the <br /> Government Obligations set aside in the trust account, and such Bonds shall no longer be deemed <br /> to be Outstanding hereunder. <br /> ARTICLE III. <br /> REDEMPTION OF BONDS <br /> Section 3.01. Optional Redemption of Bonds in the Weekly Mode. Bonds in the <br /> Weekly Mode shall be subject to redemption at the option of the City, in whole or in part in <br /> principal amounts that permit all remaining Outstanding Bonds to continue in Authorized <br /> Denominations, on any Interest Payment Date for those Bonds at a redemption price equal to the <br /> principal amount thereof. The City hereby covenants and agrees that in the event the <br /> Reimbursement Agreement sets forth a mandatory redemption schedule for the Bonds, the City <br /> shall cause Bonds to be redeemed in accordance with the mandatory redemption schedule set <br /> forth in the Reimbursement Agreement. <br /> Section 3.02. Optional Redemption of Bonds in the Fixed Mode. Bonds in the Fixed <br /> Mode shall be subject to redemption at the option of the City, in whole or in part in Authorized <br /> Denominations on such dates and at such prices as determined by the City for such Bonds on the <br /> Fixed Rate Conversion Date. <br /> Section 3.03. Optional Redemption of Bank Bonds. Bank Bonds shall be subject to <br /> redemption at the option of the City, in whole or in part, in principal amounts that permit the <br /> remaining Outstanding Bonds to continue in Authorized Denominations, at any time, upon <br /> payment by the City to the Bank of an amount equal to the principal amount of the Bank Bonds <br /> to be redeemed, plus any accrued interest paid by the Bank as part of the Purchase Price thereof <br /> -3 1- P\CMW\CMW4ZL 11/20/01 <br />