HomeMy WebLinkAbout0232~b~~ 25 eAC~~3~
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redemption (a) at the option of the Company (i) at the principal .
amount thereof and accrued interest to the redemption date, on
January 1 and July 1 of any year, by the application of moneys
theretofore received by the Trustee upon the taping by the eaer-
cise of a power of eminent domain of, or ea proceeds of insurance
on, property subject to the lien of the Indenture, and (ii) at the
applicable optional redemption prices as set forth above and
scorned interest to the redemption date, by the application of
certain other moneys theretofore received by-the Trustee, and (b)
in case the Company shall have failed to complete the second stage
of pipe line development referred to in the Indenture within the
time fazed by the Indenture and the Trustee shall have been re-
gneated by the holders of 9096 in principal amount of the Bonds
of the 1982 $eriea to effect such redemption, at the principal
amount thereof and aeerned interest to the redemption dote by
application of the nnezpended balance of-moneys theretofore re-
ceived by the Trustee but not utilised for the payment of coustruc-
tion costa of anch second stage of pipe line development.
The Bonds of the 1982 Series are entitled to the benefits of the
sinking fund provided in the Indenture and are subject to redemp-
tion on July 1, 1964, and on each January 1 and Jnly 1 thereafter,
through the operation of anch sinning fund at the principal amount
thereof together with accrued interest to the redemption date, upon
notice given in the manner provided in the case of redemption at the
option of the Company.
To the eztent permitted by, and as provided in, the Indenture,
modifications or alterations of the Indenture, or of any indenture
supplemental thereto, and of the rights and obligations of the Com-
pany and of the holders of the Bonds and coupons may be made
with the consent of the Company, upon the written consent of the
holders of not less than 6696 in principal amount of the Bonds
then outstanding, or by an affirmative vote of the holders of not
less than 66396 in principal amount of the Bonds then outstanding
at a meeting of Bondholders called and held as provided in the
Indenture, and, in case one or more of the aeries of Bonds then
ontatanding under the Indenture are affected by anch modification
or alteration, upon the written consent of the holders of not less
than 66~% in principal amount of each series then outstanding
and so affected, or by an affirmative vote of the holders of not less
than 66~9'o in principal amount of the Bonds of each series then
ontatanding and affected by anch modification or alteration at a
meeting of Bondholders called and held as aforesaid; provided,
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