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193
p,\edKe..l fAaH hllve hih~n or lVJ..'Lll ~ ~o in u('fllult, KpiX,ityil1t: aU
au..1h deial.lHli and th", nAture ,uMi tlt~tU:J ther,;o!-
~ 5.24. (~) .J~I ~'~9~J.l- a.y bU~1J otMr I~ ()P~,.a.t_g
i',pc L-tM.e& Of lH (}jjwdio'!f; !.If ~h;nu fi'G,~ tit' oil. The C1:>U\pan~- "m UQ\
.,n){&f{o i!i any l)lJ~hH:!tle olh;;j' than th$ &~luieition, o..-nHl$hlp, tt,&.ing
and d"'..e!oiJln~nt of pn1fl't'rtic3 for tT~i' t"J:plQrlltion for ttnd the proot!r.-
linn of naturAl gaOl; and; Incidental th~re.t'), oil, lh,~ pur('l1~, lIalf) Of
(ltller dii\pot'lit.inn Qf Ii l'tttHAl ~:aat tht.' pijr(hll~ Q.nd $.3le of Iii) ind.
dentAl to the f.n:pk-flitiOf) fOf, ,!lfoductlon l'lnd pf~ing (i~ nAtlulLl
gUt Uit'! 00 nstrucl:.i 00, acquinitiNl. (\ t:nHHlhi PI ()p~ra.tion and roAiDt6-
~ of Pipe Lin.- fer lhtl trani!port.aHol\ or distribution of natural
gu, th~ QPuatiou of plants tOT the pnrpo~ j)f ":ltracHIl~ hydro.;)(lr.
bOHIi or other tnaieti8ill, thE! t'xtrl\<:ti;m of whkb win not impair th15
ru&ri~t.bUity of natura! gu pTtJo(.l;l('lC!od or tran.p(lrted by the COillpa.n)'.
and the W~ or othu di,ipQ,*ition of fluch hydrOl.'&rboni! &Xld olbu
rn.a tori&1a.
(b} Ag{}~l pt~tHt~9 Ii Stfbli{Uary to optr~e Pip.;: t.i~",
'lg',l&lUI Oflty ItlvtstfIG~1 itlt (l Ptfluf't o~rl~h"'g a Pipe IA"c. The
Company will nol pertnit 'my SubaidiArY to en~~ in the o~~ration
ot Pipe LinN' for the tf!ln~p{)rtation or lI11.t!ibuiioll of natnr1l1 ~M
or in tht' o",tlHH1thip of prOj}E'ity u.~l in the OI~rAtion or E!l1ch Pipe
Lin{'~~ find th~ C,')mpany win no~ nlA.ko or l'et.i\iu, and will 110t ~rmH
any SubC\idi.tu)' tQ xnu~ or roi&in, AUY Invi\~tm~nt in any Penon whicl1
~nK~ in tho operatioIl of Pip~ Lin63 for th~ t~nl\PQrtati(Jn ~Jf
Jil!trihut!Dn of uttar"l gfiS or in the ownenhip of property n~ Of
uit'fnl in the operation or 8uch Pi~ L.in~.
~ 0,2.5, IAmiiGli<."ft.8 G"H .c14n'fftl debt, The CompAny tor not le45
than 60 oon'~Qtivc d~}'1.i of the ~lendar Flir ooginnioR Januuy 1,
1%0 and of ~..eb c..iUNldar YN\r thereaftH will hAve no outstanding
Indtbti;<lnt\l!!t except jndeblt}{lne~E (other than tor borro-.t,} !.ltouey}
ioouri'(j(l in tl~ ordinary O(\urtW of buaint'lJ1\, l'urQb.,iue Money Obliga-
tion!; @.(,"{',ureod bj' Pnlchag(~ M DIH'~)' LiFn~ permi Hoed nnder ~ .'5.1 4, lrd~bt-
{.Qne~!l tor bon~)w{,"Ii Inoni3Y MUl\istlng of Funded Dt1bt p~fmlttNi t1nd~r
1 ~.2iJ and 6uhordinl)t~d IndebttK!nN~8 or Oth(!f Ind~bv:-dn<1511 (not c~m.