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Sktimu 5.26. 5.21
194
@i!!tlllg of f'unde..i DtJht) of the Compnny the prindp',,~l or 'WIII@ i~
paYllblo at the op~ion of th(\ C(Jmp~n)' k \.'.l\pl!.ftllltO<:-k of the Company,
~ 0026. L~itd.J~0f4.~ 0'9t r'tHtdl'~l J)eb! oMd t41-JM! ce,.lai~ let>>chold
i~t(f<"sh. 'l'hs COmptuiy will not ((}) oN'at~, aMlimO or otherwi~~
iJ.lOur or autreI' to <'t.illt any &&e,ufe-tl Funded Debt other thtin tnt'
lk)nd~ And Ind~ModneE!'!! 8OC;HOd by HeM jlennitt~d hy ~ .'),/4, (b)
or-eate, a~UlJ.H\ or otht'rwi!J--'<) in~Uf or ix\fXlUlli iL:\bli<, iil c6..Ch ('~.
c,ontinK'tut!y or othorwi~e, in fl'lii,,-'d of .llny Funded D0bt, or nwew
Of elt~rHl any Indeht{'(lnel\~ which, upon f!uch ren@wllI or ~xt-dUiioD,
L~)Ujtiltlt~~ Funded Debt it iUHf!e,Jiatcly ther;Nifts.r to!' a;.fKfeMiil~
principal amount of l"umlNl l~'bt (induding ft!\y of t~ .Funded !JeLt
ht?ld in the t"Utl ry (It the ('om pany, would ht> in elO"M of 75 % of
the Toifll Capit.gliMtion of tile ComptUly, or (0) w loo;.r ll!\ any HQndM
of the 1979 8{'ri('~ or any BontL'i of tho 19~2 8eri(!~ Ilr't: OutllUmdinK.
permit thr- af(goft'gbto iUllount (I[ OW fHHII,jid net Hmtal obli!(atitH1H of
tho CompAny under ~l! it~ 1!'8;i;etl otlh'r tball oil, natured Kfi;t or othor
millNt11 l"a.~e1! and otf."f tfHln !Ni!;{,1l or 8UWHll}liw! l'iluipmellt, nir-
rnotivf' ('qnipffii>nt, otlk>:> l''llliplili'Ht, (jOiN- "'pac(' Of wr.rt'hnn~(' ~pHI'"
u~l in t.he hUfo;ineR~ or 011' C'(jmpflH)':' to i)(' f>t allY timf' in (':{('('ij" of
$41fl,OOO, I-'(l~ th., pllrpOlH3 d thi" &v.:tio/), in ('a,,~' any CutpofRtI(Jn
ilMB lReonit' a !\LlOCi!MOr of tllll Company P'':'l'\UHBt to ltll)' COllRolid,,-
tiem, l1ilJfgl'r, Hid... or ka~t~ p\"rlllittf'd hy ~ 1,1.171, iinl.'n !HH'.('()!!!;Or c.or pOri'> ,
lion I!halll)t, d('~;rned to ht\Yi' ineuTr."d I\t Hw t:uw of ;jurI! ;'<)i111olidfitioll.
Wl:.g-N, ItHh. ()t" Il"H!4t' 11,11 IJj(lt'ht...dnl';l~ outRtandinJ{ iWiiH',Eidi.:oly after
th(, C(,ll'-lltntllatiol1 of !luch cOlliw1idatioll, llv'rgiJr, ioiaj,. or 1(>11~' (Jlh'.'r
than !f\li<'htNlnl'1S!\ of the ('ompany!\hiel! Wit;] o'.ltllt.:mding imrw'Iliatf'ly
prior HH!r€>lo, For the pl!rp'hNI of tbi!! ~ ri.;Jfi, t1jl~ Amount of tOf) tHlllUI\1
!i,-,t fI'IIi111 ohliF{atllon nnder any kli.!l{' tlf t.hp COmpf1!lY IIh~li i..., th(> total
6!fli)Unt (If fHlillJai j"{'ntnl or other IHiYlflf'llts n:"'~!lire.d tu he I'ail! II)'
thl} t;;mpnll)' thoreund,'r. Hot indl1din~, IH""'('\'('T, I!D)' {iUFJ\mtA tl"'lIlirto.l
to be paid by the CNnpnny tb~l'efmdi'r (wheHwt or not th{>,l'in (1,.;;ix'
H1\kd aft re<nt.<l! or fiddiiion..ll renfal) .m ~JUnt of maintNJlUIN' [bd
upitirtl., in"'ll!'~m{'<(\, tli:t~~, MM{'i\iimentfl, WRtt'f fi\!fiS, and ;;lmilsr I'haq(,'1.'.
~ 6.'%1. IAmiJalwtt 1m r:-v,ch.<.u~ or t(d~~:,pii{~ 01 .'ivIes. Th~
Comp{l.ny will uot, dir~tly or indir6(,Hy, pnrd~~ or rcd~m or r~y