Common use of SALE OF THE DEBENTURES Clause in Contracts

SALE OF THE DEBENTURES. The Company proposes to issue one or more series of debentures pursuant to the provisions of an Indenture dated as of January 1, 1994, as amended and supplemented by the First Supplemental Indenture dated as of May 1, 1996 (as amended and supplemented, the "Indenture"), between the Company and The First National Bank of Chicago (the "Trustee"). In a supplemental indenture to the Indenture, a resolution of the Board of Directors of the Company or an officers' certificate pursuant to a supplemental indenture or board resolution specifically authorizing each new series of debentures, the Company will designate the title of each new series of debentures, and the aggregate principal amount, date or dates of maturity, dates for payment and rate of interest, redemption dates, prices, obligations and restrictions, if any, and any other terms with respect to each such series.

SALE OF THE DEBENTURES. The Company proposes to issue one or more series of debentures pursuant to the provisions of an Indenture dated as of January May 1, 1994, 1994 as amended and supplemented by the First Supplemental Indenture dated as of May June 1, 1996 1998 (as amended and supplemented, the "Indenture"), between the Company and The First National Bank of Chicago New York, as successor trustee to Nationsbank of Georgia, National Association (the "Trustee"). In a supplemental indenture to the Indenture, a resolution of the Board of Directors of the Company or an officers' certificate pursuant to a supplemental indenture or board resolution specifically authorizing each new series of debentures, the Company will designate the title of each new series of debentures, and the aggregate principal amount, date or dates of maturity, dates for payment and rate of interest, redemption dates, prices, obligations and restrictions, if any, and any other terms with respect to each such series.