HomeMy WebLinkAbout1854 - - _ . - -
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payment af tbe portion of the principal of t.his Bond so redeemed,
or (b) npon snrrender of this Bond in eschange for a Bond or
Bonds of the 1991 Series of anthorized denoniinations for the
nnredeemed balance of the principal of this Boud.
To the eztent permitted by, and as provided in, the Inden-
ture, modifications or alterations of the Indentnre, or of any
indentnre anpplemental thereto, and of the rights and obligations
of the Company and of the holdera of the Bonds, and of ooupona
in tLe case of series of Bonds issned v~ith coupons, may be made
a
itL the consent of the Company as provided in the Indentnre,
and, (a) in case one or more (bnt less than all) of tLe series of .
Bonds then ont$tanding nnder the Indentnre are affected by such
modification or alteration, npon ~the v~ritten consent or affirmati~e
~ote of the holders of not less than 66='y3% in principal anionnt of
eacL seriea then ontstandi.ng and so affected or, (b) if sach madi-
fication or alteration affects alI of the series of Bonds then ont-
standing, npon the vrritten consent or affirmati~e ~ote of not less
than 66~~o in principal amonnt of a11 Bonds then ontstanding
(egcept that so long as an~ First biortgage Pipe Line Bonds,
5~/2% Series dne Jnly 1, 1979, First 1'?iortgage Pipe Line Bonds,
5~~~'o Seriea dne Jannary 1,19$2, First ~iortgage Pipe Line Bonds, f
6 Jc Series dne r'ovember 1, 1986, or Bonds of any other Series if ~
the snpplemental indentnre creating the Bonds of such Series shall
- so pro~ide, remain ontstanding nnder the Indentnre, tLe v~ritten ~
consent or affirmative rote of the holders of not less than 66~ Jo
in principal amonnt of each snch Series then outstanding mnst be
obtuined) ; provided, however, that, v~ithout the consent of the
holder Lereof, no such modification or alteration shall be made
which will affeet the terms of papment of the principal of or inter-
est or premium, if any, on this Bond, permit the ereation of any
li~n equal or prior to the lien of the Indentnre, deprive the holder
hereof of the benefit of a lien on the mortgaged property, affect
the sinking fund provisions v~ith respect to Bonds of the 1991
Series, permit the issnsnce of additional Bonds on the basis of
Propertv Additions (as defined in tLe Indentnre) in a principal
amount equal to a greater percentage of I~~et Bondable Value of
Property Additions (as defined in the Indenture) than the maa-
iu~nm percentage thereof eapressed in the Indentnre ~?a originall~
t' i ~ ~ go~'~90 1850
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