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made in accordance with the operational arrangements then in effect at DTC. If the Bonds are no <br /> longer held in uncertificated form, the selection of such Bonds to be redeemed and the surrender <br /> and reissuance thereof, as applicable, shall be made as provided in the following provisions of <br /> this subsection(c). If the City redeems at any one time fewer than all of the Bonds having the <br /> same maturity date, the particular Bonds or portions of Bonds of such maturity to be redeemed <br /> shall be selected by lot (or in such manner determined by the Bond Registrar) in increments of <br /> $5,000. In the case of a Bond of a denomination greater than $5,000, the City and the Bond <br /> Registrar shall treat each Bond as representing such number of separate Bonds each of the <br /> denomination of$5,000 as is obtained by dividing the actual principal amount of such Bond by <br /> $5,000. In the event that only a portion of the principal sum of a Bond is redeemed, upon <br /> surrender of such Bond at the principal office of the Bond Registrar there shall be issued to the <br /> Registered Owner, without charge therefor, for the then unredeemed balance of the principal sum <br /> thereof, at the option of the Registered Owner, a Bond or Bonds of like maturity and interest rate <br /> in any of the denominations herein authorized. <br /> (d) Notice of Redemption. <br /> (i) Official Notice. For so long as the Bonds are held in uncertificated <br /> form, notice of redemption shall be given in accordance with the operational arrangements of <br /> DTC as then in effect, and neither the City nor the Bond Registrar will provide any notice of <br /> redemption to any Beneficial Owners. Thereafter (if the Bonds are no longer held in <br /> uncertificated form), notice of redemption shall be given in the manner hereinafter provided. <br /> Unless waived by any owner of Bonds to be redeemed, official notice of any such redemption <br /> (which redemption shall be conditioned by the Bond Registrar on the receipt of sufficient funds <br /> for redemption) shall be given by the Bond Registrar on behalf of the City by mailing a copy of <br /> -22- P:\CMW\CMW5NP 04/22/03 <br />