The URL can be used to link to this page

Home My WebLink About1841 _ _ _ ~ i i~ ~ ' R~1' ~ e. ~Q6 PA~f t~Q ; ~ ; (p) "Net Income" means tho net ineflme of the Company for the applicabls periori determined in t_ ; accordanco with generally accapted acceunting prinaiplt~. In determining such n~t income, hop~ever, ` ~ no effeet shall be given to sny gains or lo~ees or other.additiona or deduetione arising by reason of the ~ issue, purehase, sale, converaion or retirem~nt by the Company of aoy of it8 eecuritie~, or ariaing by r~ason of any p~ar~has~, ealea, a•rite-upe, writ~-cioa•ne;'increase or decrease in book vQlue, or other transaetiona . ~ ~ or el~angea in respec~ oP capital e?ssota, tangible or intangible. ~The dc~duction for income taxea ehall be adjust~ by giving efTcet t~ tho eliniination of any oi tho capital tr~nsactiona or changes referred to in _ the preceding eentence. . ~ . (q) "Preeident" includea any Vioe Presideut, "Tieasurer" inoludee any aesiatant treasurer, and ~ f:: , "Secretary" includcs any aesi~tant eecreta.iy of tha Com~any; and "Board of Directore" meana the t , board of directore of the Compsny, or any oominittee thereof suthoriscd to exerciee the po~rere of eaid ~ ~ baarct. : ~ (r) "Oflicers' Certificate" meane a cerLificat~e delivered to the Truetee, dated not more than aixty ~ i~ days prior to delivery, Aigned by the President a~ Treasurer. ~ ~ ; (e) "Request" mesns a wri+lten request for the action therein apecified, duty eaecut~d on bet~sU of ~ the Company by the Preaident or Treasurer. t . . . . . . . . . (t) "Opinion of Counscl" means a written opinion of Couneel; "Counsel" meana any ouuneel ap- pointed by the Company su~i approved by tho Trustee, including any in the employ of the Company ~o ap~ointed and approved; "engineer" meana any engineer.appointed by the Company and satisfe.ctory to . ~ the Trustee, including any in the employ of the Company eo a~ppointed and approved, ~nd "Indegent~ent Engineer" meane any profeseional engi~?eer or firm thereaf of reoagnired standing not regularly employe~l by the Company appointed by the Company and approved by the Trtistee; "Independent Appra.ieer" ' i 1 meana any M.A.I. or 6rm thereof appointed by the Company and approved by the Trust,~e; and "Inde~ ) pendent Accountant" means any certified public aceountant or firm thereof of recognized atanding selected ; i: hy the Company and approved by= the Trustee. ~ ; ~ (u) The term "outstanding," wl~en u$ed with resgect to bonde, meana, all twnds theretofore autheuti- ' ~ cated and delivered hereunder except (a) bonda held by the Company in its treas~ry, (b) bonda whieh have ~ ~ been paid or redeemed or purchased and cancelted under the provisions of this Indenture, (c) bonds upon ; ; a transfer of whieh or in exchange or suhstitution for which, or in lieu of a~hich, other bonds have been authenticatcd and delivered, and (d) bonds or portiona thereof for the payment or redemption of which ; ~ moneys hsve been deposited in trust, if the amount so deposited is sufticient to pay the prineipal of such ~ : bonda or portions thereof and all unpaid interest thereon to their maturity, or to pay the redemption price ~ of such bonda or portions thereof if such bonde or portions ther~of havo bcen duly called for redemption or ~ . arrangements for auch call satisfactory to the Trustee have been made. For the purposes of clause (a) ; ! aUove, the Trustee ahall nat be chargeci ~•ith notice that any bonds are held 'ui the Company's tt~asury ~ ~ unless it receivea actual notice thereof. ~ ~ , i ~ (v) "Prior Liens" mean~ any mortgagea or other inatrumenta oonatituting a Iien upon property ~ ; ' hereafter acquired by tha Company prior to the lien of this indenture. (w) "Prior Lien Bonde" meana any bonds, notea or other evidences of indebtednesa secured by ' Prior Liens. ~ ~ S~criox 12.Q6. All certificafi,es furni~hed ta the Trustee hereunder ahall indicate the scope of the examina- ~ ~ tion made by the persan aigning the same, ehall state that he haa reviewed the pertinent pmvisiona hereof, and ! _ that any terma defined herein are u~ed in auch esrtificate in the eenee intended hereby. Aqy Opinion of Coun~el ; pursuant hereto m~y expressly rely upon statem~ante or certificateo of officere of tt~e Compsqq as to fsate or • , o~nditione within the kaowledge of the Compac?y and not otherwiee readity ~evertatnable. _ . , A~ox 22.07. If anq proviaioa heraof Shall be held invalid or unenforeea?ble acoording to law, the re- ' maireing proviaione hereof eh~11 not be sSected th~reby snd ehs?ll eontinue in full forca st~d eRect. ~ • ~ 8b ~ . + ~ ~ r, ~ ~ , ; ; , . ~ - £ ~ ~ ~ . ~ . . : f . i ~ ~ . ~ - , _ 3,. , t . _ . y . a f,-- ; : ~ . - s~+~. - --"'r"~„z'Z"`r^ .~:•~r~s'? ;,,~':,.,~„~•f{~?~"?ttt~ f. .,~,Y{; ~~'E~"~,~~:~a,•,a . . . _ ~ t~ ~_f,T - .zt ! -