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(j) "Retireme~~ts Credits" shAi! mean the iollowing credit9, which may b~ applied againat Retire-
ments: (1) the funount of c,nsh or other consideration receivecl by the 'lhistee in connection ~vith tho .
releuse of any Funded Property and (2) the amoun~ of ineurance moneye pAid to thQ Trustce purauant
to Section 3.18 hereof on aceount of the destruction of any I~~nded Property; but in each cuae only to
the extent that th~ sume have not pravioi~sly be~n used as a Retireraents Credit,
(k) "Funded Yroperty" ahall meun (1) atl naortgaged property oR-ned by the Corupnny on December 1
_ 31~ I883; (2) all Property Additions ~hich shall huve been mado the b;?sis for the certifiention and dclivery
of bonde pursnant Lo Section 2.03lb) or the withdra~val of c~ush pursuant to Section 2.(}4 hereof; (3) all
~ Property Additions which ehall have been made the basi~ for the relet~sa of property pursuadt to ~ection ~
: 7.03 hereof or the release of ~a~ah purauant to Seations 3.17 or 7.05 hereof; (4) all Property Additiona to the
• eatent that the ea~ne ahall have beon subetituted for Funded Property pursuant to the prov~ions ot
• :;~.~ction 7;06 het~of ; and (S) a1l Property Additione aubject t,o 1'rior Liene unle~e there sha~l b~ deposited • `
• with fhe Triietee cash aufficient to satiaty and dischatge aIl Prior I~ien Bonda secunKt'bji sitah~Prior Liens. ;
(I} yyhenaver a Groes Amount of Property Additions is requir~d to bQ evidenceii as a condition to ~
- ~ny aation under thie indenture, thers shall be delivered to the 1`rustee a certificate of the Company in ~
~ sulisf,atttiallp the follo~ving form, with appropriate exhibits annexed thereto and the blanka appropriatety
. - completed:
. . . . . . . . . GBNERAL DEVELOPMENT UTILITIBS, INC~ ~
Cert~Bcnte at Gross Amaunt of Propertp AddItione
:
~ Section 12.05(1) of Indenture of Mortgage
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Dated as of December i, 1964
~ , the ~ident a~d , the 'I~easurer ~
of General Development IJtilities, Inc. do hereby certify: ;
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(1) The Company has constrcicted or acquired the Property Additians described briefly in `
i~ Exhibit A hereto during the period January l, 1964 to ~
(a date not more than 64
j t daye prior to the application). A separnte dercription of euch t•mct or parcel of real eatate include~i in ~
; s such Property Additions is also eet forth in Exhibit t1(~rhich description may incorporaf,e by reference =
, ~ prior desepiptiona filecl with the Trustes). j
~ ~ ~ (2) [Either] 11To part of said Property Additions coneiets of Tunded Property [or, in the alter- t
~ • native] T'he ~~~!~t ~f ~id Property Additions which con»ist of Funded Property ia = . j
(3) No part of eaid Property Additio~a is subject to ~any lien or encumbranca other than thaae ~
• ~ permitted by Section 3.U9 of the indentute. i
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~ (4) There iaho outste~nding indebteciness of the Company for the purchase price or construction .
~ of, or for l~bor, wages or materiala in oonneetion with the construat~n of, 8aid Pmperty Additiona,
which, in the opinion of t~he signers of this certificate, could become the basi~ of a lien upun said
Pmperty Additions prior to the lie~n of the indenture and which migh~ materially impair the eecurity
afforded thereby. ~
~ ' ~ -(5) The cost to the Company (as computed for the purposee of Section 12.05(~(ii) of the ia-
~ denture), of said Pmperty Additione is S : , und all such ~st may be fully ~mortizeci by de-
~ preciation chargee over the life ~her~of which sre deductible fmm income in computing federal in~ome
taxee. Tho c;~st to tb.e Company (as defined in 8eotion 12.05(g} of the indentur~a) of esid Praperty
Additione is ~ . The fair value. thereof to the Company at tha date of this certificate ia
~ [eitherJ = [or, in the alternative~ ~ not ~ese "th~n the coe~ eo speeified in the immediate2y. .
: ~ - P~ing sentonce.. . ' - . . . . . . . , . . .
' (8} All eaid Prop~r~q Additi~ns conatitut~e Property Additions ~a ssid term is deSned ia ~ection
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` --------12.45(~ of _the indenture. . - ~ ,
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