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HomeMy WebLinkAbout0709 . . . . . ~ ~ . . . - . . . . . _ - . iL_...;i=.s-~:~i~~k1~lS~_ 1V On or before the thirtieth da~- prior to each sinking fund pa}~ent - date, the Trustee shall proceed to select for redemption in the manner pro~~ided in Section 3 hereof Series R boncis in the aggregate principal c?mount ~vhich are redeemable ~vith the cash rec~uired to be paid on the next follo~ving si+~king fund pa~~ment date and in the name of the Compan~- shatl give ~vritten notice of the redemption for the sinking fund on such sinking fund pa~ment date of the Series R boncis so selected and thereupon the principal amount of Seric~ R bonds so called for redemption shall become due and payable on st~ch sinking Eund pa~•ment date. All cash deposited ~vith thc Tn~stee pursiiant to this Section 5 shall be held b~~ the Tn~stee as part of the mortgaged property, and shall be applied b~~ the Trustee to the redemption of outstanding Series R bonds, ~~zthout 'j premium, in the manner specified in Sections 3 and 4 hereof; and the ~ Compan~~ sliall, in each case prior to the date fixecl for redemption thereof, i pay to the Tn~stee in cash all unpaid interest accrued on the bonds to be f redeemed through the operation of said sinking fund to the date fiaed for ! redempNon. ~ Series R bonds redeemed pursuant to the pro~•isions set forth in this ~ ~ ~ Section shall not be made the basis for the withdrawal, use or application of cash or the release of propert~~ under arry of the provisions of the In- ~ denture, or useci to satisfti~ any other sinl:ing fund requirement or the ~ requirements of Section 40 of the Original Indenture. ~ Notwithstanding the provisions of Section 68(x) of the Original In- ~ , denture, the failure of the Compan~~ to make a sinking fund deposit and redemption on July 15 of any ~~ear as required b~~ this Section 5 shall not ~ constitute a default under said Section 68( a) if such default is cured prior ~ . to the expiration of the fi~•e-da~• pericxi iollo~ving July 1~ of any such year. ~ ~ S~o~ 6. Series R bonds redeemed pursuant to Section 62 of ~ d~e Original Indenture with moneti~s paid to or deposited ~i~ith the Trustee > pursuant to SecNon 60 thereof shall be redeemed at th~;ir principal amount Y lilus interest accrued to the date of redemption, plus ~e then applicable ~ premium speciEied in Section 2 hereof; boncls of such series redeemed i; pursuant to Section 62 or fi3 of the Original Indenhire ~vith mone~•s Paid _ ~ to or deposited with the Tn~stee pursuant to said Scctions 40 and 63 shall ~ ~ < ~F - ~ 2~ ~ ~ , ~ F=:~ ~ ~ ~ ~ ~ ~ ~ ~ _ . ~ ~d ~ ~ ~ -