Common use of CREDITS WITH RESPECT TO BONDS OF THE TWENTY-FIRST SERIES Clause in Contracts

CREDITS WITH RESPECT TO BONDS OF THE TWENTY-FIRST SERIES. SECTION 2.1 In addition to any other credit, payment or satisfaction to which the Company is entitled with respect to the Bonds of the Twenty-First Series, the Company shall be entitled to credits against amounts otherwise payable in respect of the Bonds of the Twenty-First Series in an amount corresponding to (a) the principal amount of any of the Notes surrendered to the Note Trustee by the Company, or purchased by the Note Trustee, for cancellation, (b) the amount of money held by the Note Trustee and available and designated for the payment of principal of, and/or interest on, the Notes, regardless of the source of payment to the Note Trustee of such moneys and (c) the amount by which principal of and interest due on the Bonds of the Twenty-First Series exceeds principal of and interest due on the Notes.