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x+~der certaix coxditious. The Company will not declare anp divi•
deeds on any of its capital stock unless anch dividends are declared
to be payable not more than 90 days after the date of declaration,
and will not, prior to the Initial Completion Date, declaro or pay
any dividend or make any other distribution (whether by purchase,
redemption or otherwise) on, or porch ai stock of~ he Company
acquire f or a consideration, any cap
(ezcluding fvidends~ id in any anch petal sltock and sn h rapt al
this 4 5.19 di Pa
stock purchased, redeemed or otherwise acquired to the eztent that
it was so acquired in ezchange for or from the cash proceeds of the
substantially concurrent sale of other anch capital stock~°i of tthe
substantially concurrent cash contributi5~ pay any principal of
Company), or, except as permitted b3• ~ ,
or premium on or purchase or redeem or otherwise a nu' int rest
consideration any Subordinated Indebtedness, or pap y
on any $nbordinated Indebtedness, or make any Investment (other
than a Permitted Investment) in any Person, and, ezcept as per-
mitted by ~ :-.~7', will not take any such cction after the Initial Com-
pletion Date if, after giving effect to such dividend, distril~utiou,
purchase, redemption, acquisition, payment or Investment,
(a) the outstanding Fended Debt (including for this pur-
pose Bonds which are not Outstanding sololy by reason of the
provisions of clause (d) of the definition of the term "Out•
standing") of the Comp~y would ezceed ?5`~6 of the Total
Capitalization of the Company; or
(b) from the Initial Completion Date, the aggregate
amount of
(i) all dividends and distributions declared o ~p a e
on any capital stock of the Company and the agg g
amount paid for the purchase, redemption or acquisition
of any capital atoc~ of the Company,
(ii) all interest paid or accrued on, and all payments
in respect of principal of or premium on, or on account
of the redemption or other aequisition• for a consideration
af, any Subordinated Indebtedness, ezcept to the eztent
that anch payments (other than of interest) wit of esp~'
to the Notes are permitted by clause (b) or (c) 4 '"•
and all other interest paid or accrued by the Company,
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