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the contrary nohvithstanding, in the case the Company shall elect to
redeem Series R bonds or shall be required to recleem Series R bonds
for the sinking fund provided in Section 5 hereof, .it shall, at least 15
days before the date upon which the noHce of redemption herein pro-
vided for is to be given, notify the Trustee in ~vriting of such election
anci of the aggregate principal amount of such bonds to be redeemed,
anci thereupon, if less than all of the outstanding Series R bonds are to
be redeemed, the particular bonds to be redeemed in whole or in part
shall be designated or selectecl by the Trustee in accordance ~tirith the
following provisions:
( i) if all the then outstanding bonds are f~illy registered bonds
registered in the names of not to exceed 50 holders, the aggregate
'I principal amount of bonds to be redeemed shail be apportioned by
; the Trus#ee pro rata, as nearlv as practicable, in amounts of $S00 or
i any integral multiple thereof, among the registered holders of such
~ bonds, in the proportion that the aggregate principal amount of such
~ bonds held b~~ each such registered" holder bears to the aggregate
i principal amount of bonds then outstanding;
~ ( ii ) if all the then outstanding bonds are registered in the names
~ of more than 50 holders, but anv of such bonds aze fully registered
bonds registereci in the name of any of the initial holders in whose
names bonds ~vere first registered, the aggregate principal amount of
l~onds to be redeemed shall be apportioned by the Trustee pro rata,
as nearly as practicable, in amounts of SS00 or any multiple-thereof,
between each such initial holder and, collectively, all of the other
~ then holders of outstandin~ bonds in the proportion that the ag-
~ gregate principal amount of registered bonds then held by such ~
~ initial holder concerned bears to the aggregate principal amount
~ of bonds then outstanding, and the amount so apportioned for re-
~ demption of bonds not registered in the name of an~~ of the said initial
holders shall be applied to the redemption of such of said bonds as ~
are selected bv lot in any manner cleemed proper by the Trustee; and
~ ( iii ) in cases not covered by the foregoing pro~~isions the boncis
4 to be redeemed shall be selected bv lot b~~ the Trustee in any man-
ner deemed by it proper.
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