Common use of Satisfaction of Sinking Fund Payments with Notes Clause in Contracts

Satisfaction of Sinking Fund Payments with Notes. In lieu of making all or part or any mandatory sinking fund payment in cash, the Company may deliver outstanding Notes of a series (other than any previously called for redemption) and may apply as a credit Notes of a series that have been redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes, in each case, in satisfaction of all or any part of any sinking fund payment with respect to such Notes of such series required to be made pursuant to, and as provided for by, their terms; provided that such Notes have not been previously so credited. Such Notes shall be received and credited for such purpose by the Trustee at the redemption price specified in such Notes for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Notes. In lieu of making all or part or any mandatory sinking fund payment in cash, the The Company (1) may deliver outstanding Outstanding Notes of a series (other than any previously called for redemption) and (2) may apply as a credit Notes of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes, in each case, case in satisfaction of all or any part of any sinking fund payment with respect to such any Notes of such series required to be made pursuant to, to the terms of such Notes as and as to the extent provided for by, their termsby the terms of such Notes; provided that such the Notes to be so credited have not been previously so credited. Such The Notes to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Notes so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Notes. In lieu of making all or part or any mandatory sinking fund payment in cash, the The Company (1) may deliver outstanding Outstanding Notes of a series (other than any previously called for redemption) and (2) may apply as a credit Notes of a series that which have been redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes, in each case, case in satisfaction of all or any part of any sinking fund payment with respect to such any Notes of such series required to be made pursuant to, to the terms of such Notes as and as to the extent provided for byby the terms of such Notes; provided, their terms; provided that such the Notes to be so credited have not been previously so credited. Such The Notes to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Notes so to be redeemed, for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Notes. In lieu of making all or part or of any mandatory sinking fund payment in cash, the Company may deliver outstanding Notes of a series (other than any previously called for redemption) and may apply as a credit Notes of a series that have been redeemed either at the election of the Company pursuant to the terms of such Notes or through the application of permitted optional sinking fund payments pursuant to the terms of such Notes, in each case, in satisfaction of all or any part of any sinking fund payment with respect to such Notes of such series required to be made pursuant to, and as provided for by, their terms; provided that such Notes have not been previously so credited. Such Notes shall be received and credited for such purpose by the Trustee at the redemption price specified in such Notes for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.