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withdrawal of cash representing praceecis af insurance on, the
release or other disposition of, or the taking by euiinent domain of,
property;
j (d) the amount remaining after deducring the sum of thc
amounts stated pursuant to clauses (b) and (c) above from the
amount stated pursuant to clause (a) above;
(e) The amount which is one and one-quarter per centum
(11/a ~'lo ) of the amount stated pursuant ta clause (d) above; and
(f) the aggr~gate principal amuunt, if any, of bond(s) or
fraction of a bond to the authentication and delivery of which
the Company shall then be entitle.d on the ba.sis of Property Additions
or on the basis of the retirement of bonds of the Seventeenth Series by
virtue of compliance with all applicable provisions of the Mortgage
(except as hereinafter in this Section otherwise provided) if the
Com~any elects to make its right to the authentication and delivery
of such bond(s) or fraction of a bond the basis of a credit under
this Section.
(B) An amount in cash and/or principal amount of bonds of the
Seventeenth Series equivalent to the amount stated in the Officers' Certificate
(due on or before December 1 of such year) provided for by this Section
pursuant to the requirements of clause (e) of subdivision (A) of this Section;
provided, however, that, against the amount of cash or bonds payable or
deliverable pursuant to this subdivision (B), there shall be credited the prin-
cipal amount of the bonds which shall be stated in such Officers' Certificate
pursuant to the rec~uirements of clause (f) of subdivision (A) of this Sectian.
~ror the purpose of subdivision (A) of this Section the term "Out-
standing" shall not include bonds of the Se.venteenth Series pledged to secure
indebtedness of the Company and not at any time otherwise issued by the
` Company.
Such cash together with any bands of the Seventeenth Seri~s delivered to
~ the Corporate Trustee under the provisions of this Section shall be dealt
with as provided for by this Section.
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