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HomeMy WebLinkAbout1693 16 shall have thc status of Funded Property and shall bc deemed to have baa made the basis of a credit under this Section. For all purposes of the Mortgage (including all calculations thereunder), so long as any bonds of the Eighteenth Series remain Outstanding, as defined in Section 2 of the Mortgage: (I) any cash deposited under the provisions of this Section or Sec- tion 40 of the Murtgage or Section 2 of the First through Si~cteentb S~pptemental Indentures shall be deemed to be Funded Cash; ( II) any bonds of the First Series delivered to the Corporate Trustee pursuant to the pravisions of Sectian 40 of the Mortgage and any bonds of the Second through Seventeenth Series delivered to the Corporate Trustce pursuant to the provisions of Section 2 of the First through Six teenth Supplemental Indentures and any bonds of the Eighteenth Series ' deliv~ered to the Corporate Trustse pursuaat to the provisions of this Section shall, after such delivery, be deemed W have bcen retir~d by use I, ~ of Funded Cash; and ~ (III) ~rith respect to all credits taken undcr this Soction or Sec- ~ tion 4~J of the Mortgage or Section 2 of the First throug6 Sixteenth ~ Suppleme~tal Indentures on the basis of waivers of the right to the authentication and delivery of bonds ar otherwise, it shall be deemed that a credit has been taken under the Mortgage on the basis thereaf. ~ Anq bonds issuod under the Mortgag~, delive~rod to, deposited with ar purchased or redeemed by, the Corporate Trustee pursuant to the pc~visioas of this Secdon, shall forthwith be canceled by the Corporate Trustee. The Compa~y shaD forthwith from time to time on demand of the Cor- porate Tnutee make further payments pursuaz~t to the provisions of this ~ ~ectian on account af acerned 'mterest, brokerage and premium, if any, on ' bonds of the Eighteenth Series purchased or redoemed or then to be pur- . ~ chased or redeemed but not in excess of ~ (AA) the aggregate cost for principal, i~terest, brokerage and - premium, if any, on all bonds theretofore, or then to be, purchased and/or redeemed pursuant to the provisions of this Section; ~ after dedncting tt~erefrom ~ ~ BUOKI~O PAGE 4~~ . , s . : ~ . ~ ~ t"~ ~ - ~ ~ : ~ r ~ „ ~ ~ , • ~C'WW'~~"~y~~~ ti _ .a"ti. x y ~ a ~ ~k~! ~ e~$5k`>" ~~~"'~~~.y~ ~ ¢W~+.'.. ~ ~ S~'.~r,a . ~ _ . . . . _ .