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Home My WebLink About1826 . . , ~ ~ • . • . • . , ~ ~ ~ , _ ' ' , _ • , - ~ . . + . ~ ' . , ~ F~ ` L ' ~ • . . ~ . ~ . . ~ ~ ~ . . ~ . . . . . . ~t^ • ~ • ~ . . . ' . . ~ . • • . • ' ~ . . . • - . , ~ . . ' ' ~ - ? ~ . . , • • ` . > ~ . ~t . . ~ . ~ - . . ' ~ ~ . 4~ , , ' . • , . . . . • • . . ~ ' . ~ • r ~.t' : sa .3- ' 'm • - i ~.i~-' _ _ ~ ~C ~ • . . ~ _ • ~;,.t, ~ . . ~ 1 ~t ~ . , f;. ~ ' . • . ~ - arcriox 6.Ob. All naoneye ooUeated or reoeived bjr the Truste,e pursu~nt to the provisbn~ of thie ~Artio}e , ehall be held upon the trusts hereof and ahall, irom time to time, be applied by the Truatea in the following ~ order and manner, subject, however, to ~ection 1.17 hereof: • ~ (a) to the paymant ot the costs~ expensee, oompeusatSon and indemnity of tho Z~tee. inaulrred ?n , ' ia the performance of ita duties hereunder, iuoluding sny amounta e~cpended to disvh~?tge ~?ny taxee, aaseeamente, and ahargee or othor liene euperiox to the lien of this indenture, and of all other aums a~ the ~ tirae payable to the ~ust~ee ~ereunder; then " ; (b) if the prinoipal of all the bonde ia not then due, by dealarat3on or otherwiee, to the auring of the X ~ ; defsult or defaults with reapect to_whieh the moneye have been coUected; and thereafter to t~e euring ~ ~ of any other default then existing (and in subh case the provieions of thia indenture shall continue in ~ ~ ~ ~ ; ' full force and effect until disoharged as herein pmvided); or ~ ~ , (o) if the principal of all the bonda ia eo dub, to the ratable payment of the whole amouut of principal f and interest then owing and unpaid upon the bonds, with intereat on overdue prinoipal and, to the eactent ~ ~ legslly permissible, on overdue interest at the~rate of 9% per aanum, without preferenoe or priority of i prineipal over interest or of inLerest over principal, or of sny installment of interest over any other in- ~ stallment of iuterest• and an bslance then remainin to the ratable ment of an reminm or other ~ Y 8, PaY Y P amount due and unpaid under the bonds and thie indenture; then ~ (d) any balance then remau~ing, to be patd to the Gompany or auah other peraon ae ehall lswfully ~ = be entitled thereto; ' ' ~ € . ° provided, ho~~ever, that any such paymente of,principal, premium and iuterest shall be made only upon ~ ' presentation and surrender of the bonda or, if lees tt~an the full auiount of principal, premium and interest ; ~ of any bond is eo paid, upon presentat,ion and notation thereon of the amount so paid, twd that all bonde ~ ` eo paid by the Trust~ee and sun~endered to it aball fort~with be Qanceled by the Trust~ee. - ~ : ~ . . . . . ; S~criox 6.06. All powere, right8 and remedi~ epeoifically conferred upon the Truatee under thia i.ndenture = ehall be deemed cumulative and nonexclusive of an~y other power, right or ramedy bereby conferred upon or ~ available to the Trustee at law or in equity or otherwiee, snd every power, right and remedy hsreunder may be ~ : exercised concurrently ~vith the exercise of any other and from time to tune and ae often as shall be d~ ~ expedient by the Truatee. No delay or omission of the Tru.stee or any bondho)der to exemise auy power~ right s or remedy accruing uFou any default shall impair any euch right ar ehall be conatrued to be a waiver or im- t p~.irment of any such power, right or remedy, or ooastitute any aequieecencs in aay d~fault. Upon the~dieoon- ~ tinuance or abandonment of, or on deciaion adveree to the Trustea in, any prooeec~ings tander thie indenture or _ ; ~ upou the bonda, the i;ompany and the Trustee ahall i~especiiveiy be rEStored to iueir iormer positions and rights ~ ~ hereunder and upon the bonds, and all powera, rigbts and remedies shall continue ae th~ugh no eucb proc,eedinge ~ had been taken. ' ' ~ • ~ - ~ ' , ~ ~ BEC.-rioN 6.07. The Trustee may waive any default hereander or upon the bonde, other than a defau2ti in ~ tlie payment of the principal of~any bond a~ ita stated maturity, and may waive the consequences of any default E ~ • and reecind any declaration of maturity of principal, txnlee~ euoh declaration was msde purauant to unrescinded ~ ~ instructiona of the holdera af 25°Jo or mora of the principat amount of the bonds outstanding ~eraunder, pru- _ ~ vided, howaver, that the Tru$tee ahaA do eo upon tt~e writteu request of th~ holders of a majonty in pri.puipal , 4; amount of all bonda at the time outstanding, if prior to Buch waiver such default ahall be made good and any = arrear~ of intereat, with interest on overdue inatalim~nnts and all expensee of t6e Trustee ahall have been paid or ~ ' pmvided for; but no euch vvaiver or reacission shall extend to or impair a~y rights or remediee conaequ~nt on . ~ ' any other existing or any aubeequent default. - t: ~ - - . , ~ . , ` ~ ~ ~ 8s~criox 6.08. The holdere of a majority in princip~l anwunt of the bonde at the time outetanding ahall . ~ f- ~ ' lisve tme rlght, irom time to time, to determine, direet and oontral the action of t~he Z~uatee under t,hi~ ArtIale, ~ by written direotion delivered to t~ Tntetee. Unleee euch directi~n hae been deliver~d to the 1'rustee, all tUe ~ t po~vere, rights and remedie+e referred to in thie Artiule may be exercieed by the Truatee in ita eole diecretian. ! s . - ; ~ - # ~ ~ ~ ~ ~ . . . ~ BU~i~ ~OU PAGE ~5 ~ ~ i • ' ~ . _ . . . F I . t ' ~ ~s-.e+a~....i^-~..r..~..wa+sxs~s.ra....w-».~..w-.-s.-.,..~a•-z--~..~....ma..._ ? : . . _ _ . _ . ;~"~,<-a'-'#3l.~t:~~~~ti~.tY a4ta?~3+5!'q'~~_~}!~#~~''t'~~F~~~!e ~i* '7*s'~rS~f.!~'~~9"~'°?t _ _ . _ . . . _ ,