Common use of Certain Redemptions Clause in Contracts

Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by deleting the sentence at the end of the first paragraph which states " Provided, however, there be no semi-annual principal payment due September 30, 2002 and commencing March 30, 2003 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118." and inserting in lieu therefore the following: "Provided, however, there be no semi-annual principal payment due September 30, 2002 or March 30, 2003, i) a semi-annual principal payment of $363,118 shall be due September 30, 2003, ii) a semi-annual principal payment of $726,236 shall be due on March 30, 2004, and iii) commencing on September 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118." Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated December 4, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company the former, Indenture Trustee, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.

Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by deleting the sentence at the end of the first paragraph which states " Provided, however, there be no semi-annual principal payment due September 30, 2002 and commencing March 30, 2003 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118." and inserting in lieu therefore the following: "Provided, however, there be no semi-annual principal payment due September 30, 2002 or March 30, 2003, i) a semi-annual principal payment of $363,118 226,073 shall be due September 30, 2003, ii) a semi-annual principal payment of $726,236 452,146 shall be due on March 30, 2004, and iii) commencing on September 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118226,073." and inserting in lieu therefore the following: "commencing on March 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $232,022." Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated December 4June 23, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company the former, Indenture Trustee, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.

Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by deleting the sentence at the end of the first paragraph which states " Provided, however, there be no semi-annual principal payment due September 30, 2002 and commencing March 30, 2003 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118." and inserting in lieu therefore the following: "Provided, however, there be no semi-annual principal payment due September 30, 2002 or March 30, 2003, i) a semi-annual principal payment of $363,118 shall be due September 30, 2003, ii) a semi-annual principal payment of $726,236 shall be due on March 30, 2004, and iii) commencing on September 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118." and inserting in lieu therefore the following: "commencing on March 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $372,429." Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated December 4, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company the former, Indenture Trustee, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.

Certain Redemptions. Subparagraph (a) Mandatory Sinking Fund Redemptions is amended by deleting the sentence at the end of the first paragraph which states " Provided, however, there be no semi-annual principal payment due September 30, 2002 and commencing March 30, 2003 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118226,073." and inserting in lieu therefore the following: "Provided, however, there be no semi-annual principal payment due September 30, 2002 or March 30, 2003, i) a semi-annual principal payment of $363,118 226,073 shall be due September 30, 2003, ii) a semi-annual principal payment of $726,236 452,146 shall be due on March 30, 2004, and iii) commencing on September 30, 2004 and on each March 30 and September 30 of each year until paid all remaining semi-annual principal payments shall be $363,118226,073." Except as otherwise expressly provided herein, terms not defined herein which are defined in Schedule A to the Trust Indenture dated December 4June 23, 1997 between Trailer Bridge, Inc. and State Street Bank and Trust Company the former, Indenture Trustee, or by reference therein to other instruments shall have the meaning ascribed to them in said Schedule A or other instruments.