HomeMy WebLinkAbout1445 ~ . ~ . . . .
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~ . ~0~1423 Fa~,E~Sfi ,
nU~l,~Z4 Ih,~~E iti~s
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Parase~pL 3
. 7
. or November 30 negt preceding the day of delivery thereof if
. delivered on any other date; .
(u) matnre, nnless sooner paid in full pnrsnant to the pro-
• ~ isions thereof and hereof, on November 30, 2000;
(iii) bear iuterest (computed on the basis of a 360-day pear of . >
tRelve 30-day months) payable semi-annnally on the last day of ~
11iay and November of each year (or if snch day shall not be a ~
business. day, on the neat preeeding business day) on the nnpaid
principal amount thereof from the date thereof nntil paid, and
(to the extent that payment of snch intp*ps~ is enforceable nnder
applicable laws) on any overdue installment of interest, at the rate ~
of 9 Jo per annnm; s
(iv) be mandatorily prepaid on the last day of November (or ;
if snch day shall not be a h~~siness day, on the nezt preceding busi- ~
' ness day) ocenrring after the respective dates thereof and on the
' last day of each November (or sneh negt preceding bnsiness day) ;
~ thereafter to and including November 30, 2000, or nntil the entire `
principal amount tLereof shall have beeu paid, in an aggregate ~
~ principal amount which bears the same relation to the aggregate ;
, nnpaid principal amount of all Promissory Notes then being de-
I livered to the Trustee as the aggregate principal amount of Notes ~
~ reqnired to be prepaid pnrsnant to Sections 702 and 302(e) (v)
of the Indenture on the Note Payment Date (as defined in the
~ Indenture) neat following each such date for the mandatory pre-
payment of principal bears to the aggregate principal amount of
~ Notes outstanding as of the date of such delivery; :
~ (v) be prepayable at the option of Continental upon 45 days
~ notice to the Trustee oii a~iy das on which interest on such Promis- .
= sory \'otes is due xnd pa~-able at snch price including snch pre- f
~ miums~ and othern•ise upon such terms as the 1970 Notes may be
prepaid in accordance with the Indenture on the 1~Tote Payment
` Datc (as definecl in the Indenture) negt following such day; and ~
e (vi) shall become immediately dne and payable as to the entire
~ ontatanding principal amonnt thereof and the interest accrned ?
thereon whenever (A) the Trnstee shall have declared the prin- _
~ cipal and accrned interest on the outstanding Notea dne and payable -
~ pnrsusnt to Section 1102 of the Indentnre nnless the Trnstee shall
; have rescinded snch declaration pnrsnant to Section 1111 of the -
r Indenture, or (B) defanlt shflll be made in any payment of
' interest or mandatory prepayment of principal pnrsnant to clanses
~ (iii) and (iv) of thia ParagrapL 3(e), such defanlt shall have -
~ continned for a period of 5 bnsineas days, and the Trnstee shall =
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