Cleveland Clinic Health System Obligated Group - FMSbonds.com

as hereinafter described. The Series 2008A Bonds are issuable only as fully registered bonds, under a book entrysystem, each in the denomination of $5,000 or any integral multiple thereof.Interest on the Series 2008A Bonds will be calculated on the basis of a 360-day year, composed of twelve30-day months. Except while the Series 2008A Bonds are registered in the name of Cede & Co., as described belowunder “BOOK-ENTRY SYSTEM,” (i) the principal of and premium, if any, on each Series 2008A Bond will bepayable upon presentation and surrender thereof at the Designated Corporate Trust Office of the Bond Trustee or, atthe option of the Holder, at the designated corporate trust office of any Paying Agent named in the Series 2008ABonds, and (ii) interest on each Series 2008A Bond will be paid semiannually on January 1 and July 1, commencingJanuary 1, 2009, to the registered Holders thereof as of the Record Date at their addresses appearing on theregistration books maintained by the Bond Trustee or at such other address furnished in writing by such registeredHolder to the Bond Trustee by (A) check or draft of the Bond Trustee mailed on the Interest Payment Date relatingto such Series 2008A Bond or (B) to any Holder of $1,000,000 or more in aggregate principal amount of Series2008A Bonds by wire transfer of funds sent on the Interest Payment Date upon written notice from the Holderreceived by the Bond Trustee not later than the Business Day prior to the Interest Payment Date containing the wiretransfer address (which shall be in the continental United States). Defaulted interest will be paid to registeredHolders of the Series 2008A Bonds as of a Special Record Date established by the Bond Trustee in accordance withthe Bond Indenture.Redemption Prior to MaturityMandatory Sinking Fund Redemption. The Series 2008A Bonds will be subject to redemption prior tomaturity pursuant to the mandatory sinking fund provisions of the Bond Indenture, at a redemption price equal to100% of the principal amount redeemed plus accrued interest to the redemption date, on January 1 in the years andin the respective amounts set forth below:8