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Home My WebLink About1824 ' ' ' • ~ . ~ . i . , ~ . , , ' ~ _ t • • ' _ . - , . ; . , . . ' ` . . . : . , , . i , ~ • , t ' ' • • 1, . . ' ' , . , : , • ' i ~ ' ' ~ _ , . ~ . , ~ . ' ~ _ 1. 1 ; _4 - .l 3 .4.ti," •iat. ~.i, \V t 1 ~ 1 ~ u ~ ~,1 ~ . ~ ~ ~ 1 i~l ~ . ~ b~ a. ~ ~ , :.(d) if the Company ehsll fsil to observe or perform the covenants contained in $ecti~n ~.12; ~uzd if x~ ~ written notice of suah failure ahall bcj given ta the Company by the Trustee, whieh nntioe m~y be given ~ f ~ by the Truatee in ita dieareEion snd shall be given on the wr~tten request of the holdera of 25% in prin ~ F ~ aipal amount of the bonde at the ~ime outstsnding, and Buah failure shall oontinue for s perbd of one year ~ ' ~fter the giving of s~ch noLioe, or forthwith upon such notiae if ~he Campai~y' shall waive euob lapee ~ . . : of triine; or ~ . , . ~ - (e) if the Company sha11 fail to obeerve br perforrri any othor cavenant, condition~ agreement or ot~ndition of the bonde or of this i~ideiiture, expt+eeeed or implied, and if written notlce of auah f~ilure ehall be given to tha Company by the ~ustee, wh~eh notice may be given by the Z~uatee ia ita discretion ' and shall be given on the written rec~uest of thie holdera of 25%p in principal amount of the bond$ at tl~ t , - time ou#standing, and suah fsilure shall contui~ie for a period of 60 days after the giving~ of sueh no~ioe, ; ' or forthwith upon such n4tice if the Company ~hall waive euch lapse of time; or • ~ i ~ . (f) if the Compa~iy ahall lase ita charter~ or shall adcnit in writing ite iuability to pay ite debte gen- ` eral~y ae they become due, or shall make a general assi~rnment for f,he benefiti of areditore, or ehall file . a voluntary petition in bankruptcy or under ~~the carporate reorganisation provisione oi the NaLional ~ ~ Bankruptoy Act, as now or hereafter amended, or an anawer a.dmittang the material ellegationa of a ( petition filed t~gain$t the Campany in bankrupt;~y or under such provisio~e, or shall, by voluiitary petition, anewer or coneent, seek r~lief under the provieiona of any other now existing or futur8' bankruptay or ~ otber law pmviding for the reorganizatioi~, diMolution, liquidation or winding up of corporataons an the ~ gruund of insolvency; or ~ f , ; _ (p~~ if an order, judgatenE or decree ahall b~ entered by auy court of eompetent jurisdiution, without ~ the consent of the Company, adjudicating the Company a bankrupt or i.nsolvent, or appointing a re- ; ceiver or trust~ee of t~he Company or of the whale or any subeta~ntial part af the mortgaged property, ~ and such order ehall not have been vacated, set sside or stayed, or the receiver or trustee eo appointed ' ~ ahall not have been removed or diacharged, as fohe case may be, within 80 daya thereaftsr; or if t6e Com- ~ • pany shall coiu~eut to a petition or applicatiofi for its adjudieatian as a bankrupt or ineotvent, or for i : the appointment of a receiver of itself or the w~ole or any aub$tantaal part of the mortgaged property; or ~ f j~ i i. : (1?) if a petition againat the Company in-proccediu~ under the corporate reorganiza~i~n provisions • of the Federal bankruptcy law~ as now or her~aft~r amendecl, ~ha,U be appaoved by any ~ court of com- ~ , petent juriadiction and such appraval shall nc~t l~s withdrawn and the proc~eding diac~ieqed within 60 daya thereafter, or if, under the provisione of Any other now existing or future baukruptay or other law ` ~;~y:~tne f~r the reor,~nnization, dissoluteon,•liquidation or winding up of corporatione on the ground of insolvency, any eourt of competent jurisdiction shall aesume jurisdiction, eustody or aonf,mi oi ine f_ Company or of the whole or any substautial part of the mortgaged property and such juriediation, custody ar control shall not be relinquished or terminated within 60 days ~areafter; - . ~ f ~ - . ~ . j - ~ . then in aay such event, and during its continuanee beyond any period of grace hereinbefore speci8ed in respeat . ; thereof, the 1~ustce, raay, in its di~eretion, froiu t~me to time, take all aPProPriats atepe for the proteetian - and enforcement of its rights and the righte of the ~ondholdera, whether by apgrogriate judicial pra~eiiings or otherw4se, as it shall deem moat expedieut in the interests of the bondholders. In +each such aiae the Tn~a#~ee t may aet without the pos~esaion of any bonda or tbo production thereof at any trial or other pmcj~edinge, . ~ and may act in peraon or by such agents ar attorne~?s a~s it may select from time to tinae. ~ ~ • , $~crtox 6.02. Upon the occurrence of any euch event of deiault the Campany atiall, iarthwith upon ~ the demand of the'IYustee, duly perforw each then applicable covenant and provieian hereof and of th8 bonds, ~ and shall psy to the Trustee, as trustee of an expres~ trust, atl eume theu or during anq default~ be~aming due under nny provieion hereof or of tt~e bonde, wit~ int~ereet st the rate of 9% per annum an overdue prinaipal , and to the extent legally pcrmitted on overdue iriterest, together ~vith the cost~' sud expenee~i of colleefi,ion, ' inctudiz?g attorneys' feca, and af dll aotion ewd groceeding~ taken by the ~vstee, together ~vith sU otber amounte , that may be due aad pay?able by t6a Compauy und~r any provision of thia indenture. ~ ~ ' ~ • ~ ~ . , 18 - ~ , - 1Qfi ~a~ 23 ~ . . - s ~ . .y~-w. . . ~ ' .....i-r:~.-a . .s.. - . ' _ • =t, ~l•~ '•t`I:~:.+^rysn. . ~:F~'f~fa~...~: !'L "`E=r;`'r -~rh^f-r~~'dT'l .'~'d~"-- - .q.:c.'~. ~ ~r • -t.~~:Y~°- ...1.