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( e? the amount which is one and one-quarter per centum (1 ~a R6 ) ,
of the amount statcd pursuant to clause (d) above; and
(f) the aggregate principal amount, if any, of bond(s) or fraction
of a bond to the authentication and delivery of which the Company ~
shall then be entitled on the basis of Property Additions or on the basis j
of the retiu~ement of bonds of the Eighteenth Series by virtue of com-
pliance with all applicable provisions of [he Mortgage (except as _
hcreinafter in this Section otherwise grovided) if the Company elects
to make its right to the authentication and deliv~:ry 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
Eighteenth Series equivalent to the amount stated in the Officers' Certificate
(due on or before December 1 of such yeaz) provided for by this Section
_ pursua.nt to the requirements of clause (e) of subdivis;an (A) of this Section;
- pmvicled, however, that, against the amount of cash or boads payable or
deliverable pursuant to this subcJivision (B), there shall be credited the pria-
cipal amount of the bonds which sha11 be stated in such O~cers' Certificata
pursuant to the requirements of clauss (f~ of subdivision (A) of ihis Section.
For the purpose of subdivision (A) of this Section the term "Out-
standing" shall not include boads of ihe Eighteenth Ser.es pledgcd to secure
indebtedness of the Compaay and not at any time otherwise issued by the
Company. _
Such cash together with any bonds af the Eighteenth Series delivered to
the Corporate Truste~ under the provisions of this Section shall be dealt
with as provided for by this Section.
Notwithstanding any other provisions of this See?enteenth Supplemental
Indenture or of the Mortgage, (i) the Company shall be permitted from
time to time to anticipate in whole or in part the requirements of this Section
becoming due on December 1 of the then current year or any subsequent -
year or years by depositina cash and/or a principal amount of bonds of the
Eighteenth Series with the Corporate Trustee in full satisfaction or in partial
satisfaction of the requirements of this Section, and (ii) any cash so
deposited, whether in full satisfaction or in partial satisfaction of the require-
ments of this Section and whether becoming due on December 1 of the then
current year or of a subsequent year, may be from time to time withdrawn,
used or applied in the manner, to the e~ctent, for the purposes and subject to
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