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roda~med prIo~r to Decembar 1. 1973, if such redamption is tot tl~ putpose~
or in anticipatian, of refnnding such band a~ the 1~renty-5rat S~rias ffirnagh
t4a use, diroctly or indirectly, of flinds borrowed by tLe Cornpany at sn ~eo-
tive intorest oo~tt to tt~e ComPanY (calculatod in aocordanoo with soceptable
Snancial practices) of kss than 6 ~909b per aanewn. -
~(II) Bonds of thc larcnty-first Series shaU aleo ba radeemabk in whob at
any time, or in part from t}ma to time, prior to maturity, upon like notioe, b9
the application (eithcr at' the option of the Compauy or pnrsuant ~o tha ~
requirements of the Mortgage) of cash delivered to or deposited with tha ~
Corporate 1'rnstee pursuant to the pr~visions of Section 39 or Section 64 of
the Mortgage or with Proceeds of Relea.sed Property, at thc following special
redempdon priccs, eatpressed in perventages of th~e principal amount of the
bonds to be redeemed:
SpBCr~r. RBUB~srnox P~c$s
If redoemed during 12 months period ending November 30,
1969...... 102.16% 1979...... 101.8496 1989...... 101.2296
1970...... 102.1496 1980...... 101.809'0 1990...... 101.13qb
1971...... 102.1196 1981...... 101.759'0 1991...... 101.049b
1972...... 102.0996 1982...... 101.7096 1992...... 100.9496
1973...... 102.0696 1983...... 101.649b 1993...... 100.8396
1974...... 102.43~ 1984...... 101.5996 1994...... 100.7196
1975...... 102.009'0 1985...... 101.5296 1995...... 100.5996
1976...... 101.9696 1986...... 101.45R6 1996...... 100.46%
1977...... 101.9396 1987...... 101.38~ 1997...... 100.3296
1978...... 101.89°~'0 1988...... 101.3096 1998...... 100.0096
in each case, togethe,r with accrued interest to the date fixed for redemption.
(III) At the aption of the registered awner, any bonds of the Twenty~rst
Series, npoa seurender thereof, for cancellation, at the offioe or agency o~ tLe
Company in the Barough of Manhattan, The City of New York, together with
. a written instr~mtnt of transfer wherever required by the Compaay dnly
executod by th~ registered owner or by his duly authoriud atton~y, shall
(anbjoci to the provisions of Section 12 of the Mortgaga) be eacchaaEeabla r~
for a like aggreSate PrinciPal amouat of bonds of tha same ~rias o# other
auihorized denominations. ~
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