HomeMy WebLinkAbout1798 , . - _ _ . . . . , . . . . . _ . _ .
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directly or indirectly as a part of, or in antioipation of, any re-
fnnding operation involving tbe inenrring of indebtedness by the
Company or an affiliate of the Company at an intereat rate or
coat of money to the Company or snch affiliate (compnted in
accordance ~vith accepted fi»ancial practice) of less than 9~%
per annum, tLen the applicable optional redemption price dnring
snch period shall be 112.0096 in lien of the prices set forth above.
As more fnlly set forth in the Indentnre and npon notice
given as above provided, Bonds of the 1590 Series are also snbject
to redemption at the option of the Company (a) at the principal
amonnt thereof and accrned interest to the redemption siate, on
- January 1 and Jnly 1 of any year, by the application of moneys
theretofore received by the Trnstee npon the taking by the eger-
cise of a po«er of eminent domain of, or as proceeds of the insur-
ance on, property subject to the lien of the Indentnre, a~nd (b) at
the applicable optional redemption prices set forth above and
acerned interest to the redemption date, by the application of
certain other moneys theretofare received by the Trnstee.
The Bonds of the 1990 Series are entitled to the benefits of
the sinking fnnd provided in the Indentnre and are subject to
redemption on Jannary 1, 1973, and on each January 1 and Jnly 1
thereafter to and including July 1, 1989, throngh the operation
of snch sinking fnnd at the principal amonnt thereof together with
~ accrued interest to the redemption date, upon notice given in the
f manner provided in the case of redemption at the option of the
C Company. As provided in the Indenture, the Bonds of the 1990
Series are also snbject to redemption, at the option of the Com-
pany, at the principal amonnt thereof together with accrned in-
terest to the redemption date on any sinking fnnd redemption date
in a principal amonnt equal to the principal amonnt thereof other-
wise redeemable on snch date for snch sinlring fund, provided,
however, that prior to Jannary 1,1980 no sneb optional redemption
shall be carried out directly or indirectly as a part of, or in antici-
pation of, anp refnnding operation involving the incurring of
indebtedness by the Companp or an affiliate of the Company at
an interest rate or cost of money to the CompanyL or snch affiliate
(computed in accordance ~vith accepted financial practice) of less
than 9 ~8% per annnm.
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