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the first 12 Calendar ~Ionths after the completion of snch pro- .
gram, as sho~•n pnrsuant to ~4ragraph (5) of subdizriseon (a)
of this 4 4.OY, in such Officers' Certificate.
For the purposes of this § 4.01, the amount of the "pro forma net
earnings af the Compan~ a~ailable for interest" for any particular ~
period sball be the amonnt of Net Earninga of the Company Available
for Interest for snch period as defined in drticle 1 of the Indentnre, plns ~
the sn~ of the amonnts determined pnrsnant to clauses (i) and (ii) of ~
_ the preceding paragraph for such period.
Tf, less than 16 months following the completion of an eapansion
- or constrnction program (herein called the "prior program") that has
been made the basis for the anthentication of Additional Bond~, appli-
eation is made for the anthentication of Additional Bonds on the basis
of an e~pansion or constrnetion program ( herein calied the "snb-
seqnent program") not previonsly made the basie for the anthentica-
tion of Additional Bonds, in eaeh case pnrsnant to this ~ 4.oI, with the
resnlt that the earninge attribntable to the facilities constrncted under
the prior program shall not be re8ected for the whole of the period
of 12 consecnti~e Galendar DSonths specified pnrsnant to subdivision ~
(a) of this ~ 4.01 in the Officers' ~Certi$cate aecompanying the applica- ?
tion for anthentication of Additional Bonds on the basis of the subse-
qnent program, then appropriate adjnstment ahall be made in the cam-
pntations in snch Officers' Certificate pnrsnant to the two preceding =
~ paragrapha of this 4 4.01 to inclnde the earnings attribntable to the
~ facilities constrncted nnder the prior program, as nearly as may be ~
practicable, as if snch facilities had been in service dnri.ng the entire
. period of 12 consecntive Caiendar ~Ionths so specified. ~
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~ 4.02. Other reqttiremtnta for authentication of A.dditional Bonds.
: So long as an~ Bonds of the 1987 Series shall be outstanding, the pro-
vi,sions of ~ 4.os of the Indentnre shall be applicable t~o any application
for the anthentication of 8dditional Bonds pnrsuant to ~ 4.03, § 4.04 -
+ or ~ 4.05 of the Indenture ezcept as otherv~ise provided in ~ 4.01 of this ~
dr~icle 4 and egcept that tLe nnmber ~~31/2" shall be snbstitnted for .
the number ~~4" in cla2ise (iii) of subdivision (b) of 4 4.06 ~f ~the
Indenture (bnt, so long as ~ny Bonds of the 1979 ~eries, Bonds of
the 1982 Series, Bonds of the 1986 Series, or Bonds of any other
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