Common use of Satisfaction of Sinking Fund Payments with Debt Securities Clause in Contracts

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as series, (1) deliver Outstanding Debt Securities of such series (other than any previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2) apply as a credit Debt Securities of such series which have been redeemed wither at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment pursuant to the terms of such Debt Securities, as provided for by the terms of such Debt Securities; PROVIDED that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as a series, (1) deliver Outstanding Debt Securities of such series (other than any previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2) apply as a credit Debt Securities of such series which have been redeemed wither either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment payments pursuant to the terms of such Debt Securities, as provided for by the terms of such Debt Securities, or which have otherwise been acquired by the Company; PROVIDED provided that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as a series, (1) deliver Outstanding Debt Securities of such series (other than any previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2) apply as a credit Debt Securities of such series which have been redeemed wither either at the election of the Company pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment payments pursuant to the terms of such Debt Securities, as provided for by the terms of such Debt Securities, or which have otherwise been acquired by the Company; PROVIDED that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all Issuer or any part of any mandatory sinking fund payment with respect to the Debt Securities of as series, (1) Guarantor may deliver Outstanding Debt Securities of such a series (other than any previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2) may apply as a credit Debt Securities of such a series which that have been redeemed wither either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment payments pursuant to the terms of such Debt Securities, in each case, in satisfaction of all or any part of any sinking fund payment with respect to such Debt Securities of such series required to be made pursuant to, and as provided for by the terms of such Debt Securitiesby, their terms; PROVIDED provided that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as series, Issuer (1i) may deliver Outstanding Debt Securities of such a series (other than any Debt Securities previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2ii) may apply as a credit Debt Securities of such a series which that have been redeemed wither either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment payments pursuant to the terms of such Debt Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Debt Securities of such series required to be made pursuant to the terms of such Debt Securities as provided for by the terms of such Debt Securities; PROVIDED series, provided that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price redemption price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction In lieu of making all or any part of any a mandatory sinking fund payment with respect to the any Debt Securities of as seriesa series in cash, (1) the Company may at its option, at any time no more than 16 months and no less than 30 days prior to the date on which such sinking fund payment is due, deliver Outstanding to the Trustee Debt Securities of such series (other than any together with the unmatured coupons, if any, appertaining thereto) theretofore purchased or otherwise acquired by the Company, or credit securities previously called cancelled or otherwise delivered to the Trustee for redemption) together in the case of any Bearer cancellation, except Debt Securities of such series with all unmatured coupons appertaining thereto that have been redeemed through the application of mandatory or optional sinking fund payments pursuant to the terms of the Debt Securities of such series, accompanied by a Company Order instructing the Trustee to cancel such Debt Securities if not previously cancelled or credit such obligations and (2) apply as a credit stating that the Debt Securities of such series which have been redeemed wither at the election of were originally issued by the Company pursuant to by way of bona fide sale or other negotiation for value; provided that the terms of such Debt Securities or through the application of permitted optional sinking fund payment pursuant to the terms of such Debt Securities, as provided for by the terms of such Debt Securities; PROVIDED that such Debt Securities be so delivered or applied as a credit credited have not been previously so credited. Such The Debt Securities to be so credited shall be received and credited for such purpose by the Trustee at the applicable Redemption Price for such Debt Securities, as specified in such the Debt Securities so to be redeemed, for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Debt Securities of as series, (1) Issuer may deliver Outstanding Debt Securities of such a series (other than any previously called for redemption) together in the case of any Bearer Debt Securities of such series with all unmatured coupons appertaining thereto and (2) may apply as a credit Debt Securities of such a series which that have been redeemed wither either at the election of the Company Issuer pursuant to the terms of such Debt Securities or through the application of permitted optional sinking fund payment payments pursuant to the terms of such Debt Securities, in each case, in satisfaction of all or any part of any sinking fund payment with respect to such Debt Securities of such series required to be made pursuant to, and as provided for by the terms of such Debt Securitiesby, their terms; PROVIDED provided that such Debt Securities so delivered or applied as a credit have not been previously so credited. Such Debt Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Debt Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.