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The foregoing notwithstanding, if the City delivers to the Bond Registrar and the <br /> Remarketing Agent prior to any Conversion Date or Purchase Date (for Bonds remaining Long- <br /> Term Rate Bonds for an additional Long-Term Interest Period) (1) a notice containing alternative <br /> call protection periods and/or Redemption Prices for Long-Term Rate Bonds or Fixed Rate <br /> Bonds and (2) an Opinion. of Bond Counsel addressed to the Bond Registrar and the <br /> Remarketing Agent to the effect that the modifications to the call protection periods and/or <br /> Redemption Prices will not, in and of themselves, cause the interest on such Bonds to be <br /> includable in the gross income of Registered Owners for purposes of federal income taxation, <br /> then the Bonds shall be subject to redemption by the City pursuant to the call protection periods <br /> and at the Redemption Prices, if any, set forth in that notice, and this Section 3.01(d) shall be <br /> deemed to be modified as set forth in such notice. <br /> (e) Bank Bond Optional Redemption. Bank Bonds are subject to optional <br /> redemption under and in accordance with Section 3.01(b) and (c); and in such connection, and <br /> notwithstanding anything to the contrary in this ordinance, Bank Bonds shall be selected for <br /> redemption pursuant to such Sections of this ordinance prior to the selection of other Bonds for <br /> redemption pursuant to such Sections of this ordinance. <br /> (f) Bank Bond Mandatory Redemption. Bank Bonds are subject to special <br /> mandatory redemption by the City, in whole or in part, on any date, at a Redemption Price equal <br /> to the principal amount of the Bank Bonds to be redeemed, plus accrued and unpaid interest <br /> thereon (at the Bank Rate) to the date of redemption on the dates, in the amounts and in the <br /> manner set forth in the Liquidity Facility or the related Liquidity Facility Agreement. <br /> (g) Rights of Credit Facility Provider. At any time a Credit Facility is in effect, <br /> such Bonds shall not be optionally redeemed pursuant to Section 3.01(a) hereof unless the City <br /> -52- P 120287 CMW120287 AMT 10/14/14 <br />