Release of Limited Amount of Mortgaged Property. If the Company is unable, or elects not, to obtain, in accordance with Section 8.03, the release from the Lien of this Indenture of Mortgaged Property, unless an Event of Default shall have occurred and be continuing, upon receipt of a Company Order requesting the release of Mortgaged Property pursuant to this Section 8.04, the Trustee shall execute and deliver to the Company the documents and instruments described in Section 8.04(a) releasing from the Lien of this Indenture any Mortgaged Property if the Fair Value thereof, as stated on the Engineer’s Certificate delivered pursuant to Section 8.04(b), is less than 1% of the aggregate principal amount of Bonds Outstanding and Class “A” Bonds Outstanding (other than Pledged Bonds) at the date of such Company Order, provided that the aggregate Fair Value of all Mortgaged Property released pursuant to this Section 8.04, as stated on all Engineer’s Certificates filed pursuant to this Section 8.04(b) in any period of 12 consecutive calendar months which includes the date of such Engineer’s Certificate, shall not exceed the greater of (x) $30,000,000 and (y) 3% of the sum of (A) the aggregate principal amount of Bonds then Outstanding and (B) the aggregate principal amount of Class “A” Bonds then Outstanding (other than Pledged Bonds) at the date of such Company Order as stated on the Officer’s Certificate delivered pursuant to Section 8.04(c), upon receipt by the Trustee of:
