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® redemption date, if any, plus a prepayment fee (the "Prepayment Fee") equal to an amount sufficient to reimburse the holder of the Series 2002 Refunding Bonds for all prepayment penalties incurred as a result of required prepayment to the Federal Home Loan Bank of Dallas, all as determined by the Trustee, which determination shall be conclusive. The Series 2002 Refunding Bonds shall be redeemed, on any date, at a redemption price equal to the principal amount being redeemed plus accrued interest to the redemption date plus the Prepayment Fee, in inverse order of maturity (and by lot within a maturity) to the extent that proceeds of the Series 2002 Improvement Bonds exceed the cost of the Improvements; provided that the Prepayment Fee shall not exceed an amount which would cause interest on the Series 2002 Refunding Bonds to exceed 6-1/4% per annum. Notice of redemption identifying the Series 2002 Refunding Bonds or portions thereof to be redeemed shall be given by the Trustee, not less than thirty (30) nor more than sixty (60) days prior to the date fixed for redemption, by mailing a copy of the redemption notice by first class mail, postage prepaid, or sending such notice by electronic transmission with evidence of receipt, to all registered owners of Series 2002 Refunding Bonds to be redeemed. Failure to send an appropriate notice or any such notice to one or more registered owners of Series 2002 Refunding • Bonds to be redeemed shall not affect the validity of the proceedings for redemption of other Series 2002 Refunding Bonds as to which notice of redemption is duly given in proper and timely fashion. All such Series 2002 Refunding Bonds or portions thereof thus called for redemption will cease to bear interest on such redemption date. With respect to notice of redemption of Series 2002 Refunding Bonds at the option of the City, unless moneys sufficient to pay the principal of, premium, if any, and interest on the Series 2002 Refunding Bonds to be redeemed shall have been received by the Trustee prior to the giving of such notice, the notice shall state that redemption shall be conditional upon the receipt of such moneys by the Trustee on or prior to the date fixed for such redemption. If such moneys shall not have been so received, such notice shall be of no force and effect, the City shall not redeem such Series 2002 Refunding Bonds and the Trustee shall give notice, in the manner in which the notice of redemption was given, that such moneys were not so received. This Series 2002 Refunding Bond is transferable by the registered owner hereof in person or by his attorney-in-fact duly authorized in writing at the corporate trust office of the Trustee in Batesville, Arkansas, but only in the manner, subject to the limitations and upon payment of the charges provided in the Authorizing Ordinance, and upon surrender and cancellation of this • 5