Guam § 4 - Notice of Redemption.

§ 4. Notice of Redemption.

Notice of redemption (except as provided below) shall be

given, not less than thirty (30) nor more than sixty (60) days before

the date fixed for redemption, by first class mail to each of the

registered owners of Bonds designated for redemption at their

addresses appearing on the bond registration books of the

Registrar provided to the Trustee on the date the Bonds to be

redeemed are selected. Each notice of redemption shall state the

redemption date, the place or places of redemption, the Series and

maturities to be redeemed, and, if less than all of any such

maturity, the numbers of the Bonds of such maturity to be

redeemed and, in the case of Bonds to be redeemed in part only,

the respective portions of the principal amount thereof to be

redeemed, and shall also state that on said daze there will become

due and payable on each of said Bonds the Redemption Price

thereof or of said specified portion of the principal thereof in the

case of a Bond to be redeemed in part only, together with interest

accrued thereon to the redemption date, and that from and after

such redemption daze interest thereon shall cease to accrue, and

shall require that such Bonds be then surrendered, with a written

instrument of transfer duly executed by the registered owner

thereof or by such registered owner’s attorney duly authorized in

writing. No defect in or failure to give such mailed notice of

redemption shall affect the validity of proceedings for the

redemption of such Bonds. Each notice of redemption shall also

state the CUSP number, date of issue and interest rate on each

Bond, or portion thereof, to be redeemed, and shall include the

redemption agent name and address with contact person and

telephone number; provided, however, that failure by the Trustee

to include any of such information in any redemption notice, or

any inaccuracy in any such information, shall not affect the

sufficiency of the proceedings for redemption of any Bonds.

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A copy of any notice of redemption given pursuant to the

foregoing paragraph shall also be sent by certified mail, with

return receipt requested, to the holders of $1,000,000 or more in

aggregate principal amount of Bonds to be redeemed and to each

of the Fiduciaries, each of the Credit Providers, the Securities

Depositories (as defined below) and two or more Information

Services (as defined below); provided, however, that failure by the

Trustee to give notice pursuant to this sentence by certified mail

to any Bondholders, to any Fiduciaries, to any Credit Providers or

to any Securities Depositories or Information Services, or the

insufficiency of any such notices, shall not affect the sufficiency

of the proceedings for redemption of any Bonds. A second notice

shall be sent, by certified mail with return receipt requested, to the

registered owner of any Bond which has been called for

redemption in whole or in part, and is not surrendered for payment

within sixty (60) days after the date fixed for redemption;

provided, however, that failure by the Trustee to send any such

second notice, or any deficiency of any such notice, shall not

affect the sufficiency of the proceedings for redemption of any

Bonds. As used in this paragraph, the term Information Services

means Financial information, Inc.’s ‘Daily Called Bond Service,’

30 Montgomery Street, 10th Floor, Jersey City, New Jersey

07302. Attention: Editor; Kenny information Services’ “Called:

Bond Service,” 55 Broad Street, 28th Floor, New York, New York

10004; Moody’s ‘Municipal and Government, 99 Church Street,

8th Floor, New York, New York 10007, Attention: Municipal

News Reports; and Standard and Poor’s “Called Bond Record,”

25 Broadway, 3rd Floor, New York, New York 10004; or, in

accordance with then-current guidelines of the Securities and

Exchange Commission, and/or such other services providing

information with respect to ailed bonds, or no such services, as the

Government may designate in a Certificate delivered to the

Trustee; and the term Securities Depositories means: The

Depository Trust Company, 711 Stewart Avenue, Garden City,

New York 11530, Fax-(516) 227-4039 or 4190; Midwest

Securities Trust Company, Capital Structures-Call Notification,

440 South LaSalle Street, Chicago, Illinois 60605, Fax-(312) 663-

2343; Pacific Securities Depository Trust Company, Pacific and

Company, P.O. Box 7041, San Francisco, California 94120, Fax-

(415) 393-4128; Philadelphia Depository Trust Company,

COL4/6/2022

Reorganization Division, 1900 Market Street, Philadelphia,

Pennsylvania 19103, Attention: Bond Department, Dex-(215)

496-5058; or, in accordance with then-current guidelines of the

Securities and Exchange Commission, and/or such other securities

depositories, or no such depositories, as the Government may

designate in a Certificate delivered to the Trustee.

Notice of redemption of Bonds shall be given by the Trustee

for and on behalf of the Government.

Notice of redemption of 1997 Series A Bonds pursuant to