Common use of Selection of Securities to be Repaid Clause in Contracts

Selection of Securities to be Repaid. If less than all the Debentures are to be repaid on any Repayment Date, the particular Debentures to be repaid shall be selected not more than 30 days prior to such Repayment Date by the Trustee, from the Outstanding Debentures not previously repaid or redeemed or as to which notice of repayment or redemption has been given, by such other method as the Trustee may deem fair and appropriate and which may provide for the selection for repayment of a portion of the principal amount of any Debenture, provided that the portion of the principal amount of any Debenture not repaid shall be in an authorized denomination (which shall not be less than the minimum authorized denomination). The Trustee shall promptly notify the Company in writing of the Debentures selected for partial repayment and the principal amount thereof to be repaid. For all purposes hereof, unless the context otherwise requires, all provisions relating to the repayment of Debentures shall relate, in the case of any Debenture repaid or to be repaid only in part, to the portion of the principal amount of such Debenture which has been or is to be repaid.

Selection of Securities to be Repaid. (a) If less than all the Debentures CENts are to be repaid on any Repayment DateDate (unless such repayment affects only a single CENt), the particular Debentures CENts to be repaid shall be selected not more than 30 15 days prior to such Repayment Date by the Trustee, from the Outstanding Debentures CENts not previously repaid or redeemed or as to which notice of repayment or redemption has been givencalled for redemption, by lot or such other method as the Trustee may shall deem fair and appropriate and which may provide for the selection for repayment redemption of a portion of the principal amount of any Debenture, CENt; provided that the portion of the principal amount of any Debenture CENt not repaid shall be in an authorized denomination (which shall not be less than the minimum authorized denomination). ) for such CENt. (b) The Trustee shall promptly notify the Company in writing of the Debentures CENts selected for partial repayment and the principal amount thereof to be repaid. For all purposes hereof, unless the context otherwise requires, all provisions relating to the repayment of Debentures CENts shall relate, in the case of any Debenture CENt repaid or to be repaid only in part, to the portion of the principal amount of such Debenture CENt which has been or is to be repaid. If the Company shall so direct, CENts registered in the name of the Company, any Affiliate or any Subsidiary thereof shall not be included in the CENts selected for repayment.