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however, that, without the consent of the holder hereof, no such
modification or alteration shall be made which will affect the terms
of payment of the principal of or interest or premium, if any, on
this Bond, permit the creation of any lien equal or prior to the lien
of the Indentare, deprive the holder hereof of the benefit of a lien
on the mortgaged property, affect the sinking fund provisions
with respect to Bonds of the 1982 Series, permit the issuance of
additional Bonds on the basis of Property Additions (as defined
in the Indenture) in a principal amount equal to a greater per-
centage of Net Bondable Value of Property Additions (as defined
in the Indenture) than the mazimum percentage thereof ezpressed
in the Indenture as originally ezecnted, or reduce the percentage
of the holders of the Bonds required for any such modification or
alteration; and .provided, farther, that no such modification or
alteration shall be made which will in effect waive any event
of default, as defic~ed in the Indenture, unless the event of default,
as defined in and at the time ezisting under the Other Indenture
herein referred to, as the tense or result of such event of default
under the Indenture, shall he in effect concurrently waived by
action l~ursuunt to the provisions contained in such Other Inden-
ture which correspond to the provisions, in the Indenture, referred
to above in this paragraph.
In case an event of default, as defined in the Indenture, shall
occur, the principal of all the Bouda at any such time outstanding
under the I~identure may be declared and t~ecome due and payable,
upon the conditions, in the ~nanuer and with the effect provided in
the Indenture. The Lidentnre pro~•ides that such declaration may
in certain evcuts be rescinded by the holders of not less than a
" majority in principal uiuount of the Bonds, including a majority
in principal amount of the Bonds of the 1982 Series, outstanding,
l-ro~•ided, however, that, any similar declaration •at the time in
effect under the Otlier Indenture herein referred to shall at the
time be rescinded pursuant to the corresponding provisions in
such Other Indenture.
The second stage of pipe line development referred to in the
Indenture is part of a project which includes the second stage of
l~il~e line development referred to in a Mortgage and Deed of Trust,
dated as of Januar~• l,1~159, as amended and supplemented (herein
called the "Other Indenture"), executed by Coastal Trtu~smission
Corporation, a Delaware corporation (herein culled the "Other
Company"), to Banke~•s Trust Compan}-, providing for the issue
and securing of bonds of the Other Company.