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DEED RECnRDS'
~~~.1423 ~~~l~t ~92
RGll2,~4 ira~t i869 ~
PaTasnpk 30 E
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. "opinion of counsel "-meana an opiniou or opinions in writing, - #
~ eigaed by legal connael, aho may be connsel to the Trnstee, Prop- f
erties, the Company or Continental, inclnding connsel who are
regnlarly retained by or who are employees of any of the foregoing. ;
Ae to any factuai niatters involved in an opinion of connsel, such '
connsel maq rely, to the estent that they deem snch relianee ;
proper, npon a certificate or certifiestes setting forth anch mattera
which have been signed by an o~cial, officer, anthorized repreeenta-
tive or general partner of a particnlar governmentai anthority, '
corporation, firm or other person or entity concerned;
`~ontstanding"-wLen used with reapeQt to the Notea means,
aa of the date of determination, all Notes theretofore anthenticated
and delivered nnder the Indentnre, ezc~pt ~
(i) Notes tLeretofore cancelled by the Trnetee or delivered ~
to the Trastee for cancellation pnr8nant t~ t6e Indentare; ~
~ (u) Notea for whose payment or prepayment money in
; the neceaaary amonnt has theretofore been deposited with.the
Trastee in trnat for the bolders of the Notes pnrenant to the ~
~ Indentnre, provided that, if anch Notea are to be prepaid,
! notice of snch prepayment haa been dnly given pnranant to
i the Indentnre or prnvieion therefor satsfactory to the Trastse
~ hae been made; and
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` (ui) Notea in ezchange for or in lien of which other Notee ~
have beea anthentioated and delivered puranant to the
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~ Indentnre;
provided, ho~cever, that iu determinittg whether the holdere of the
requisitc principal amount of Notes outatandifig have given any
~ request, demand, authorization~ direction, notice, conaent or waiver
under the Ind~ntnre, rTotes owned by Properties, the Company or '
Continental or any other obligor npon the Notes or any peraon
directly or indirectly controlling or controlled by or nnder common
~ control with Properties, the Company or Continental or snch other `
~ obligor shall be disregarded and deemed not to be ontatanding, ez-
a cept that in determining whether the Trnatee shall be protected in ~
~ relying upon any snch request, demand, anthorization, direction, ~
notice, consent or a aiver, only Notes which the Trnetee lrnows to be
~ ~o oR ned shall be ~so disregarded. . ~
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r "depreciated book valne"-mean$, with respect to anp Leased f
R Parcel listed in Appendia A, the net book valne for such I.eased ;
` Parcel set forth in Appendix Q depreciated on the basis shown for i
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