HomeMy WebLinkAbout2218 _ . _
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gate prinaipal amonnt to $107,400,000, conaieting of $68,200,000
isened by the Company (nnder ita then corporate name of Honston i
Tezas G}as and Oil Corporation) and $39,200,000 issned by Coaetal
Tranamission Corporation and a series of Bonde designated as
the "Firat Mortgage Pipe Line Bonda, 5~~ y6 Series dne January
1, 1982" of the Company, limited in aggregate principal amonnt :
to $15,330,000, oon.eisting of $10,500,000 issned by the Company ~
(nnde~ its then corporate name of Honaton Tezas (~ae and Oil ~
Corporation) and $4,830,000 iaened by Coastal Transmisaion '
Corporation.
The Bonds of the 1986 Seriea are snbject to redemption at any
time or from time to time prior to matnrity, at the option of the
Company, either as a whole or in part, npon payment of the per-
centages of the prineipal amonnt thereof set forth below nnder
the heading "Optional B.edemption Prices", together with ac~rned
interest to the redemption date, npon notice given by maili.ng the
same to the registered holders of the Bonda to be redeemed not
more than 60 and not lesa than 30 days before the redemption date;
provided, however, that eacept as permitted by the Indenture in
the case of the redemption of Bonds by application of certain
moneya held by the Trnstee, the Company shall not redeem any
~ Bonda oF the 1986 Seriea if anch redemption is carried out directly
or indirectly as a part of, or in anticipation of, any refnnding
operation involving the inenrring of indebtedness by the Company
or an affiliate of the Company nnless snch Bonds are so redeemed
(a) on or after November 1,1971 or (b) prior to November 1, 1971
and the interest rate or cost of money to the Company or snch
a~'iliate (compnted in accordance with aecepted financial practice)
with reapect to the indebtednesa so inenrred is more than 6%
per.annnm. The optional redemption prices (eapressed in percent-
ages of principal amonnt) and the several periods to whieh snch
prices are applicable, are as followa:
~ aooK 151 4~.7
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