Common use of Dating of Bonds and Interest Payments Clause in Contracts

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth Series dated prior to March 1, 2003, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Series shall be dated so that the Person in whose name any bond of the Twenty-fourth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyForty-fourth second Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyForty-fourth second Series dated prior to March December 1, 20032019, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyForty-fourth second Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyForty-fourth second Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Forty-second Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Forty-second Series shall be dated so that the Person in whose name any bond of the TwentyForty-fourth second Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyForty-fourth second Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth sixth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth sixth Series dated prior to March July 1, 20032013, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth sixth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth sixth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-sixth Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-sixth Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth sixth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth sixth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth third Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth third Series dated prior to March February 1, 2003, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth third Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth third Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-third Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth third Series shall be dated so that the Person in whose name any bond of the Twenty-fourth third Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth third Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth second Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth second Series dated prior to March August 1, 20032001, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth second Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth second Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-second Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth second Series shall be dated so that the Person in whose name any bond of the Twenty-fourth second Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth second Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth second Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth second Series dated prior to March January 1, 20032010, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth second Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth second Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-second Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-second Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth second Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth second Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth sixth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth sixth Series dated prior to March October 1, 2003, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth sixth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth sixth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-sixth Series. (b) . Notwithstanding the foregoing, bonds of the Twenty- fourth Twenty-sixth Series shall be dated so that the Person in whose name any bond of the Twenty-fourth sixth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth sixth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth fifth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth fifth Series dated prior to March December 1, 20032011, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth fifth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth fifth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-fifth Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-fifth Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth fifth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth fifth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth Series dated prior to March August 1, 20032011, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- Thirty-fourth Series. (b) Notwithstanding the foregoing, bonds of the Twenty- Thirty-fourth Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) a. Each bond of the TwentyForty-fourth third Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyForty-fourth third Series dated prior to March December 1, 20032020, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyForty-fourth third Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyForty-fourth third Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Forty-third Series. (b) b. Notwithstanding the foregoing, bonds of the Twenty- fourth Forty-third Series shall be dated so that the Person in whose name any bond of the TwentyForty-fourth third Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyForty-fourth third Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (ad) Each bond of the Twenty-fourth Fortieth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth Fortieth Series dated prior to March June 1, 20032018, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth Fortieth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth Fortieth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Fortieth Series. (be) Notwithstanding the foregoing, bonds of the Twenty- fourth Fortieth Series shall be dated so that the Person in whose name any bond of the Twenty-fourth Fortieth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth Fortieth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth eighth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth eighth Series dated prior to March October 1, 20032004, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth eighth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth eighth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-eighth Series. (b) . Notwithstanding the foregoing, bonds of the Twenty- fourth Twenty-eighth Series shall be dated so that the Person in whose name any bond of the Twenty-fourth eighth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth eighth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.. COVENANTS Maintenance of Paying Agent So long as any bonds of the Twenty-eighth Series are Outstanding, the Company covenants that the office or agency of the Company in the Borough of Manhattan, The City of New York, New York where the principal of and premium, if any, or interest on any bonds of such series shall be payable shall also be an office or agency where any such bonds may be transferred or exchanged and where notices, presentations or demands to or upon the Company in respect of such bonds or in respect of the Indenture may be given or made. Further Assurances From time to time whenever reasonably requested by the Trustee or the holders of a majority in aggregate principal amount of the bonds of the Twenty-eighth Series then Outstanding, the Company will make, execute and deliver or cause to be made, executed and delivered any and all such further and other instruments and assurances as may be reasonably necessary or proper to carry out the intention of or to facilitate the performance of the terms of the Indenture or to secure the rights and remedies of the holders of such bonds. Limitation on Restricted Payments So long as any bonds of the Twenty-eighth Series are Outstanding, the Company covenants that it will not declare any dividends on its common stock (other than (1) a dividend payable solely in shares of its common stock or (2) a dividend payable in cash in cases where, concurrently with the payment of such dividend, an amount in cash equal to such dividend is received by the Company as a capital contribution or as the proceeds of the issue and sale of shares of its common stock) or make any distribution on outstanding shares of its common stock or purchase or otherwise acquire for value any outstanding shares of its common stock (otherwise than in exchange for or out of the proceeds from the sale of other shares of its common stock) unless, after giving effect to such dividend, distribution, purchase or acquisition, the aggregate amount of such dividends, distributions, purchases or acquisitions paid or made subsequent to February 29, 2004 (other than any dividend declared by the Company on or before February 29, 2004) does not exceed (without giving effect to (1) any such dividends, distributions, purchases or acquisitions or (2) any net transfers from earned surplus to stated capital accounts) the sum of (A) the aggregate amount credited subsequent to February 29, 2004 to earned surplus, (B) $250,000,000 and (C) such additional amounts as shall be authorized or approved, upon application by the Company and after notice, by the SEC under the Holding Company Act. For the purpose of this Section, the aggregate amount credited subsequent to February 29, 2004 to earned surplus shall be determined in accordance with generally accepted accounting principles and practices (or, if in the opinion of the Company's independent public accountants (delivered to the Trustee), there is an absence of any such generally accepted accounting principles and practices as to the determination in question, then in accordance with sound accounting practices) and after making provision for dividends upon any preferred stock of the Company accumulated subsequent to such date, and in addition there shall be deducted from earned surplus all amounts (without duplication) of losses, write-offs, write-downs or amortization of property, whether extraordinary or otherwise, recorded in and applicable to a period or periods subsequent to February 29, 2004. Also for purposes of this Section, credits to earned surplus shall be determined without reference to and shall not include undistributed retained earnings of Subsidiaries. MISCELLANEOUS PROVISIONS

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth third Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth third Series dated prior to March 1July 15, 20032010, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth third Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth third Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-third Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-third Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth third Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth third Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyForty-fourth first Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyForty-fourth first Series dated prior to March June 1, 20032019, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyForty-fourth first Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyForty-fourth first Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Forty-first Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Forty-first Series shall be dated so that the Person in whose name any bond of the TwentyForty-fourth first Series is registered at the close of business on the Business Day fifteenth day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyForty-fourth first Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest. Any bond of the Forty-first Series issued upon any transfer or exchange subsequent to such close of business and prior to such interest payment date shall bear interest from such interest payment date. In the event there shall be more than one registered owner of bonds of the Forty-first Series, then the Company shall not be required to make transfers or exchanges of bonds of said series for a period of fifteen (15) days immediately preceding any interest payment date of said series.

Dating of Bonds and Interest Payments. (a) Each bond of the TwentyThirty-fourth seventh Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth seventh Series dated prior to March July 1, 20032014, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth seventh Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth seventh Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-seventh Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-seventh Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth seventh Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth seventh Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) a. Each bond of the TwentyThirty-fourth eighth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth eighth Series dated prior to March December 1, 20032016, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth eighth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth eighth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-eighth Series. (b) b. Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-eighth Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth eighth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth eighth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth first Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth first Series dated prior to March 1August 15, 20032000, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth first Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth first Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-first Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth first Series shall be dated so that the Person in whose name any bond of the Twenty-fourth first Series is registered at the close of business on any record date for the Business Day immediately preceding an Twenty-first Series with respect to any interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth first Series are registered at the close of business on the Business Day day immediately preceding the date of payment of such defaulted interest. The term "record date for the Twenty-first Series," as used with respect to any interest payment date, shall mean the day immediately preceding such interest payment date, whether or not a Business Day.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth fifth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth fifth Series dated prior to March August 1, 2003, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth fifth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth fifth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-fifth Series. (b) Notwithstanding the foregoing, bonds of the Twenty- fourth fifth Series shall be dated so that the Person in whose name any bond of the Twenty-fourth fifth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth fifth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) a. Each bond of the TwentyThirty-fourth ninth Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the TwentyThirty-fourth ninth Series dated prior to March January 1, 20032017, shall bear interest from the date of original issuance; and provided, further, that if any bond of the TwentyThirty-fourth ninth Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the TwentyThirty-fourth ninth Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance issuance, if no interest shall have been paid on the bonds of the Twenty- fourth Thirty-ninth Series. (b) b. Notwithstanding the foregoing, bonds of the Twenty- fourth Thirty-ninth Series shall be dated so that the Person in whose name any bond of the TwentyThirty-fourth ninth Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the TwentyThirty-fourth ninth Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.

Dating of Bonds and Interest Payments. (a) Each bond of the Twenty-fourth seventh Series shall be dated as of the date of authentication and shall bear interest from the last preceding interest payment date to which interest shall have been paid (unless the date of such bond is an interest payment date to which interest is paid, in which case from the date of such bond); provided that each bond of the Twenty-fourth seventh Series dated prior to March December 1, 2003, shall bear interest from the date of original issuance; and provided, further, that if any bond of the Twenty-fourth seventh Series shall be authenticated and delivered upon a transfer of, or in exchange for or in lieu of, any other bond or bonds of the Twenty-fourth seventh Series upon which interest is in default, it shall be dated so that such bond shall bear interest from the last preceding date to which interest shall have been paid on the bond or bonds in respect of which such bond shall have been delivered or from its date of original issuance if no interest shall have been paid on the bonds of the Twenty- fourth Twenty-seventh Series. (b) . Notwithstanding the foregoing, bonds of the Twenty- fourth Twenty-seventh Series shall be dated so that the Person in whose name any bond of the Twenty-fourth seventh Series is registered at the close of business on the Business Day immediately preceding an interest payment date shall be entitled to receive the interest payable on the interest payment date, except if, and to the extent that, the Company shall have defaulted in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the Persons in whose names Outstanding bonds of the Twenty-fourth seventh Series are registered at the close of business on the Business Day immediately preceding the date of payment of such defaulted interest.. ARTICLE III