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~ redemption is carried ont directly or indirectly as a part of, or in
anticipation of, any refnnding operation involving the inenrring of
Indebtedness by the Company or an Affiliate of the Company unless
snch Bonds are so redeemed (a) on or after March 1, 1976 in the case
of redemptiona pnrsnant to this ~.2.05 or on or after Diarch 1, 1981 in
the case of redemptions pnrsnant to ~ 2.07 (b) hereof; or (b) prior to
DSarch 1, 1976 in the case of redemptions pnrsuant to this 4 2.05, or
prior to March 1,1981 in the case of redemptions pnrsnant to ~,2.07'(b)
hereof, and the interest rate or cost of money to the Company or snch
Afl''iliate (compnted in accordance with accepted financial practice) with
respect to the Indebtedness so incnrred is the percentage per annum
stated in clause (b) of the third paragraph of the form of Bonds of the
1991 Seriea in ~ 2.01 hereof or more.
~ 2.06. R~edemption in certaia events. The Bonds of the 1991
Series shall also be redeemable either as a whole or in part puranant
to, and at the redemption prices prescribed for redemption of Bonda
of the 1979 Series, in ~ 9.07' of the Indentnre, ezcept that in the case of
redemptions of Bonds of the 1991 Seriea where the price so prescribed
is the applicable optional redemption price, snch price shall be the ap-
plicable percentage of prineipal amount as provided in ~ 2.05 hereof.
! ~ 2.07. (a) Si»ki?~g Fund. As a sinking fund for the retirement
f of Bonds of the 1991 Series, so long as any Bonds of the 1991 Seriea
i ah~ll be Ontstanding, the Company, in the manner provided in ~rticte 6
; of the Indentnre, shall redeem on ~arch 1, 1974 and on each ~iarch 1
and September 1 thereafter to and inclnding September 1, 1990 (each
snch September 1 and hiarch 1 being herein referred to as a"sinking
fund redemption date'') Bonds of the 1991 Series in t
he aggrega t e
principal amonnt of $515,000, in each case ut the principal amount
thereof together with accrued interest to the redemption date.
(b) Optional si»A•ing f
und f
or Bonds o f the 1991 Series. The
Companq may, at its option but snbject to the proviso contained in
~ z.o5 of this Article .2, on any sinking fnnd redemption date, redeem,
as a part of tbe ainking fnnd, at the principal amount thereof together
with accrned interest to such date, in addition to the principal amonnt
of Bonda of the 1991 Series otherwise redeemable on such date for the
sinking fund, an additional principal amonnt of Bonds of the 1991
Series eqnal to the principal amonnt thereof other~vise redeemable on
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