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HomeMy WebLinkAbout2840 r ; r ~ , _ . ~ . . ~ ~ i . . ~ 1~ if less than all of the outst~nding Series Q bonda are to be redeemed, ' the particular bonds to be redeemed-in whole or in gart shall be desig- nated or selected by lot by the Trastee in any manner deemed proper . by ~the Trnstee. The Trustee shall within 10 days after such designation or seleation j notify the Company in writing of the nnmbers and principal amo~ts of the bonds so designated ar selected bp it j; Sgcriox 3. The Company covenants and agrees that so long as any Seriea Q bonds are ontatanding herennder it will in each of the yeara 1975-2003 both inclnsive, as and for a sinking fnnd for Series Q bonds, call for redemption on November 15, of each snch year i5eries Q bonds in an aggregate principal amonnt eqnal to one per cent (196) of the total aggregate principal amonnt of Series Q boncls anthentioated and delivered to and inclnding snch November 15 (ezclnsive of Series Q ~ bonds in ezchange or in snbstitntion for which other bonds of Series Q may have been anthenticated or delivered nnder the provisions of Sections 11, 14, 15, 17 and 18 of the Original Indentnre and Section 5 ~ ;of this T~venty-First Sapplemental Indentnre). The aggregate principal - amonnt of $eries Q bonds to be redeemed in any year as provided in this paragraph is hereinafter called "the sin~ing fnnd payment" ; for snch year. ~ ~ , ~ On or before each snch November 15 the Companp shall deposit I with the Trnstee a swm of money snfficient to carry ont the sinking fund redemption reqnired on snch date. The Trnstee shall, insofar as it shall be possible for i~ so to do, eahanst the moneya in said sin~ing fund by applying the same to the redemption of Series Q bonda. The redemption price for Seriea Q bonda for the pnrposea of the sin~ng fnnd created by this Section shall be the principal amonnt thereof plns interest accrned thereon to tLe date fized for sneh redemption. Provided, however, that in lien of depositing all or a part of snch moneys the Company may eatisfy the sinking fnnd payment, in whole or i.n part, in any year by depositing with the Trnatee Series Q bonds theretofore issued and ontstanding herennder, snch bonds to be aredited - a~~'the principal amonnt ~thereof, or, in whole or in part, in any year, by certifying to the Trnstee nnfnnded net property additiona in an amonnt eqnal to the sinking fnnd requirement (eaclnsive of accrned ' 600K~3 PACE~~ ~ā€ž.~~~r ~ F- ` _ - - ~ : . qi Gā€¢ā€ž~~~ , E-. I ~Y _ _ _ . a ~ ^ ~ ~ ~ . _ ' . L~'~ t _