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redemption is carried out directly or indirectly as a part of, or in
anticipation of, any refnnding operation involving the incurring of
Indebtedness by tLe Company or an AffiIiate of the Company unlesa
sucl~ Bonds are so redeenied (a) on or after Januury 1,1975 in the case ~
of redemptions pursu~nt to this §.2.05 or on or after Jannary 1,1980 in
the case of redemptions pursuant to ~ 2.07' (b) hereof ; or (b) prior to
Janut~ry I, 1975 in the cASe of redemptions pursuant to this ~ 2.05, or
prior to January 1,1980 in the case of redemptions pursuunt to ¢ 2.07'(b)
hereof, und the interest rt~te or eost of money to the Company or such
Afl5liate (computed in accordance z~•itl~ accepted finaneial practice) with
respect to the Indebtedness so incurred is the percentage per annum
stated in clar~se (b) of the third paragraph of the form of Bonds of the .
1990 Series in ~,2.01 hereof or more.
~ 2.46. Redemptio~a iiti certa.i.n ea~ents. The Bonds of the 1990
Series shall also be redeemable either as a Rhole or in part pnrsnant
to, and at the redemption prices prescribed for rederuption of Bonds
of the 1979 Series , in ~ 9.07' of the Indenture, escept tl~at in the case of
~ redemptions of Bonds of the 1990 Series wliere the price so prescribed
is the applicable optional redemption price, snch price shall be the appli-
cable percentage of prineipal amount as provided in ~ 2.05 hereof.
~ 2.Q7. (a) Sinki9ig fund. As a sinking fnnd for the retirement
of Bonds of the 1990 Series, so long as any Bonds of the 1990 Series
shall be Ontstanding, the Company, in the manner provided in Article 6
of the Indentnre, shall redeem on January 1,1973 and on each January 1
and July 1 thereafter to and ineluding Juty 1, 1989 (each such July 1
and J~nuary 1 Ueing herein referred to as a"sinking fund redemp-
tion date") Bonds of tl~e 1990 Series in the aggregate principnl amount
of ~71~,000, in each ease at the principal amount thereof to~ether tivith
accrued interest to the redemption date.
(b) Optional sinki~zg fu~id for Bonds of the 1990 Seri.es. The
Company may, at its option bnt snbjeet to the proviso contained in
~ z.05 of this .Article 2, on any sinking fnnd redemption date, redeem,
as a part of the sinking fnnd, at the principal amonnt thereof together
«ith accrned interest to snch date, in addition to the principal amonnt
of Bonds of the 1990 Series other~~~ise redeemable on snch date for the
sinking fund, an additional principal amonnt of Bonds of the 1990
Series equal to the principal amount thereof otherwise redeemable on .
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