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ench date for the sinking fund pnrsuant to ~ 2.07'(a) of this Articte a
ae said principal amonnt may have been revised pursuant to ~,2.08 of
this ~rticle a. If the Company elects to make snch optionat sinking
fnnd redemption, it shall specify snch election in the O~cers' Certifi-
cate filed with the Trnstee pnrsuant to 4 s.OI of the Indentnre with
respect to the ainking fnnd installment as to which snch optional aink-
ing fund redemption ia to be made, stating the principal amonnt of
. Bonds of the 1991 Series otherwise redeemable for the sinking fnnd
and alsa stating the additional principal amonnt of Bonds to be
redeemed in the eaercise of auch election. The slection of the Com-
pany to make any optional sin~ng fnnd redemption, as evidenced by
the O~cers' Certiftcate so Sled, shall be irrevocable. Bonda redeemed
pnrsuant to this subdivision (b) shall, for all pnrposes of tlris Snpple-
mental Indentnre, be deemed to have been redeemed pursnant to the
provisions of the sinking fnnd for the Bonds of the 1991 Series.
(c) Credit agai~:st sinking fu~ed paynie?~ts. The Company, at its
election, may credit againat the principal amount of Bonde of the
1991 Seriea reqnired bp subdivision (a) of this ~ 2.07' to be redeemed
on any sinking fnnd redemption date (as such amount may from time
to time be adjusted pnrsuant to ~ 2.08) the principal amonnt of Bonds of ;
the 1991 Series (i) previonsly redeemed by the Companp pursuant to
~ z.05 or ~~.OS hereof or (ii) theretofore sold or othervvise disposed of '
for value by the Company and re-acqnired by the Company (otherwise s
than ont of fnnds inclnded in the Trust Estate). If the Company °
elects so to credit the principal amount of Bonds of the I~J91 Series
pursuant to this subdiuisioti (c), it shali specifp such election in the
Officers' Certificate filed with the Trastee pursuant to ~ 6.01 of the
Indentnre vsith respect to the sinking fund installment as to jvhich
such credit is to be applied, and shall also specify the prineipal amonnt
of snch Iionds so to be credited, the provision or provisions pnrsnant
to which such Bonds were redeemed and, in case Bonda of the 1991
Series so re-acquired by the Company are to be made the basis of
all or any part of such credit, the Company shall deliver such Bonds
to the Trnstee at the time of filing such O~cers' Certificate. Bonds
of the 1991 Series so delivered or so to be credited shall not pre~ionsly
have been used as the basis for a credit pnrsnant to this subdivision (c)
and shall not previonsly have been used as Befnndable Bonds on the
basis of which Additional Bonds were issned under ~ 4.05 of the Inden-
ture, and such Officera' Certificate shall so state.
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