Common use of Sinking Funds Clause in Contracts

Sinking Funds. 87 Section 12.1. Applicability of Article............................................................... 87 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88

Sinking Funds. 87 Section 12.1. 58 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. .................................................................58 SECTION 12.02 Satisfaction of Sinking Fund Payments with With Securities.................................. 87 Section 12.3. ....................................58 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88................................................58

Sinking Funds. 87 Section 12.1. 60 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. .................................................................60 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ....................................60 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88................................................60

Sinking Funds. 87 42 Section 12.111.1. Applicability of Article............................................................... 87 ............................................................42 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88.............................

Sinking Funds. 87 60 Section 12.11201. Applicability of Article............................................................... 87 ............................................... 60 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................. 60 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.............................. 61

Sinking Funds. 87 71 Section 12.1. Applicability of Article............................................................... 87 ..................... 71 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................... 72 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88................................ 72 ARTICLE 13

Sinking Funds. 87 59 Section 12.1. 12.01 Applicability of Article............................................................... 87 .............................. 59 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ......................................... 59 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88............. 60

Sinking Funds. 87 73 Section 12.1. 12.01 Applicability of Article............................................................... 87 ...........................................73 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ..............74 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88..........................74

Sinking Funds. 87 Section 12.1. 46 SECTION 10.1 Applicability of Article............................................................... 87 Section 12.2. ...........................................46 SECTION 10.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ..............46 SECTION 10.3 Redemption of Securities for Sinking Fund.............................................. 88..........................46 ARTICLE XI

Sinking Funds. 87 80 Section 12.1. Applicability of Article............................................................... 87 .................................................. 80 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..................... 81 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88................................. 81

Sinking Funds. 87 42 Section 12.111.1. Applicability of Article............................................................... 87 .................................................... 42 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ....................... 42 Section 12.311.3. Redemption of Securities for Sinking Fund.............................................. 88................................... 43

Sinking Funds. 87 Section 67 SECTION 12.1. Applicability of Article............................................................... 87 Section . .................................................. 67 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section . ..................... 67 SECTION 12.3. Redemption of Securities for Sinking Fund.............................................. 88. ................................. 68 ARTICLE XIII

Sinking Funds. 87 61 Section 12.1. 12.01 Applicability of Article............................................................... 87 .....................................................................61 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................................61 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88....................................................61

Sinking Funds. 87 88 Section 12.1. Applicability of Article............................................................... 87 .....................................................................88 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................................88 Section 12.3. Redemption of Securities for Sinking Fund.............................................. ....................................................88

Sinking Funds. 87 48 Section 12.11201. Applicability of Article............................................................... 87 ............................... 48 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .. 49 iii 6 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88............. 49 ARTICLE THIRTEEN

Sinking Funds. 87 79 Section 12.1. Applicability of Article............................................................... 87 ................................................. 79 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................... 79 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88................................ 80

Sinking Funds. 87 Section 12.162 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2..................................................................62 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3.....................................62 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88.................................................63

Sinking Funds. 87 58 Section 12.11201. Applicability of Article............................................................... 87 ..................................................58 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .....................58 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.................................58

Sinking Funds. 87 63 Section 12.1. 12.1 Applicability of Article............................................................... 87 ................................................................. 63 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................................... 63 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88................................................ 64

Sinking Funds. 87 91 Section 12.114.1. Applicability of Article............................................................... 87 .......................................91 Section 12.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.................................. 87 ..................................................91 Section 12.314.3. Redemption of Debt Securities for Sinking Fund.............................................. 88.................91 ARTICLE XV.....................................................................................93 DEFEASANCE...................................................................93

Sinking Funds. 87 Section 12.1. Applicability 12.1.Applicability of Article............................................................... 87 ................................ 75 Section 12.2. Satisfaction 12.2.Satisfaction of Sinking Fund Payments with Securities.................................. 87 ... 75 Section 12.3. Redemption 12.3.Redemption of Securities for Sinking Fund.............................................. 88............... 76

Sinking Funds. 87 Section 12.145 SECTION 12.01. Applicability of Article............................................................... 87 Section 12.2........................................................ 45 SECTION 12.02. Satisfaction of Sinking Fund Payments with With Securities.................................. 87 Section 12.3........................... 45 SECTION 12.03. Redemption of Securities for Sinking Fund.............................................. 88....................................... 45 ARTICLE XIII.

Sinking Funds. 87 62 Section 12.1. 12.01 Applicability of Article............................................................... 87 .....................................................................62 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................................62 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88....................................................63

Sinking Funds. 87 Section 12.1. 71 SECTION 12.1 Applicability of Article............................................................... 87 Section 12.2. ..................................................................71 SECTION 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. .....................................71 SECTION 12.3 Redemption of Securities for Sinking Fund.............................................. 88.................................................72

Sinking Funds. 87 Section 12.177 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2............... 77 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3............... 77 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88........................... 77 ARTICLE THIRTEEN

Sinking Funds. 87 Section 12.1. 72 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. ...........................................72 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ..............73 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88..........................73 ARTICLE XIII. - REPAYMENT AT THE OPTION OF HOLDERS...............................................73 SECTION 13.01 Applicability of Article...........................................73 -iv- TABLE OF CONTENTS ----------------- (continued)

Sinking Funds. 87 Section 12.165 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2.................................. 65 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3..... 66 Page SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88................. 66 ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF THE HOLDERS.................. 66

Sinking Funds. 87 27 Section 12.14.01. Applicability of Article............................................................... 87 ............................................................27 Section 12.24.02. Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ...............................28 Section 12.34.03. Redemption of Securities for Sinking Fund.............................................. 88...........................................28

Sinking Funds. 87 Section 50 SECTION 12.1. Applicability of Article............................................................... 87 Section . ........................................ 50 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section . ........... 50 SECTION 12.3. Redemption of Securities for Sinking Fund.............................................. 88. ....................... 51 ARTICLE XIII.

Sinking Funds. 87 69 Section 12.1. Applicability of Article............................................................... 87 .............................................69 Section 12.2. Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ................70 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88............................70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS...........................................71 Section 13.1. Applicability of Article.............................................71

Sinking Funds. 87 54 Section 12.1. 12.1 Applicability of Article............................................................... 87 .........................................................54 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ............................54 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88........................................55

Sinking Funds. 87 54 Section 12.1. 12.01 Applicability of Article............................................................... 87 ..................................................... 54 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................ 55 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88.................................... 55

Sinking Funds. 87 59 Section 12.1. 11.1 Applicability of Article............................................................... 87 .............................................................. 59 Section 12.2. 11.2 Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ................................. 60 Section 12.3. 11.3 Redemption of Securities for Sinking Fund.............................................. 88............................................. 60

Sinking Funds. 87 72 Section 12.1. Applicability of Article............................................................... 87 .................... 72 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............................. 73 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88... 73 ARTICLE XIII

Sinking Funds. 87 58 Section 12.11201. Applicability of Article............................................................... 87 ............................................................. 58 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ................................ 59 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88............................................ 59 ARTICLE THIRTEEN

Sinking Funds. 87 84 Section 12.1. Applicability of Article............................................................... 87 ...............................84 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .............................................84 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88..............85

Sinking Funds. 87 74 Section 12.1. 12.01 Applicability of Article............................................................... 87 .................................................................... 74 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ....................................... 75 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88................................................... 75 ARTICLE 13

Sinking Funds. 87 94 Section 12.112.01. Applicability of Article............................................................... 87 .....................................................94 Section 12.212.02. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................95 Section 12.312.03. Redemption of Securities for Sinking Fund.............................................. 88....................................95

Sinking Funds. 87 Section 12.1. 78 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. .....................................................78 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ........................78 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88....................................79

Sinking Funds. 87 89 Section 12.1. Applicability of Article............................................................... 87 ............................89 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .........................................89 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88...........89

Sinking Funds. 87 80 Section 12.11201. Applicability of Article............................................................... 87 ............................................................ 80 Section 12.21202. Satisfaction of Sinking Fund Payments with Debt Securities.................................. 87 .......................... 81 Section 12.31203. Redemption of Debt Securities for Sinking Fund.............................................. 88...................................... 81

Sinking Funds. 87 75 Section 12.114.01. Applicability of Article............................................................... 87 .................. 75 Section 12.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.................................. 87 ........... 75 Section 12.314.03. Redemption of Debt Securities for Sinking Fund.............................................. 88............................ 76 ARTICLE FIFTEEN

Sinking Funds. 87 60 Section 12.11201. Applicability of Article............................................................... 87 ...................................................................60 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ......................................60 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88..................................................61

Sinking Funds. 87 Section 12.1. 63 SECTION 12.1 Applicability of this Article............................................................... 87 Section 12.2. ......................................63 SECTION 12.2 Satisfaction of Sinking Fund Payments with With Debt Securities.................................. 87 Section 12.3. .........63 SECTION 12.3 Redemption of Debt Securities for Sinking Fund.............................................. 88.....................63 - iv -

Sinking Funds. 87 42 Section 12.111.1. Applicability of Article............................................................... 87 ...........................................................42 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..............................42 Section 12.311.3. Redemption of Securities for Sinking Fund.............................................. 88..........................................43

Sinking Funds. 87 Section 12.1. 60 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. ................................. 60 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. .... 61 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88................ 61

Sinking Funds. 87 Section 12.1. 47 SECTION 12.1 Applicability of Article............................................................... 87 Section 12.2. Article .......................................................... 47 SECTION 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Securities ............................. 47 SECTION 12.3 Redemption of Securities for Sinking Fund.............................................. 88Fund ......................................... 48

Sinking Funds. 87 55 Section 12.1. 12.01 Applicability of Article............................................................... 87 .........................................55 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............55 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88........................56 ARTICLE XIII REDEMPTION UPON A DESIGNATED EVENT AND A RATING DECLINE..................56

Sinking Funds. 87 61 Section 12.11201. Applicability of Article............................................................... 87 ...................................................................61 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ......................................62 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88..................................................62

Sinking Funds. 87 85 Section 12.1. Applicability of Article............................................................... 87 ............................................................ 85 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............................... 85 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88........................................... 85

Sinking Funds. 87 86 Section 12.114.1. Applicability of Article............................................................... 87 ...................................86 Section 12.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities.................................. 87 .............................................86 Section 12.314.3. Redemption of Debt Securities for Sinking Fund.............................................. 88.............87

Sinking Funds. 87 68 Section 12.11201. Applicability of Article............................................................... 87 ..............................................................68 Section 12.21202. Satisfaction of Sinking Fund Payments with Debt Securities.................................. 87 ............................68 Section 12.31203. Redemption of Debt Securities for Sinking Fund.............................................. 88........................................69

Sinking Funds. 87 Section 12.1. Applicability 65 (S) 12.1.Applicability of Article............................................................... 87 Section 12.2. Satisfaction ............................................65 (S) 12.2.Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Redemption ...............65 (S) 12.3.Redemption of Securities for Sinking Fund.............................................. 88...........................66 ARTICLE 13

Sinking Funds. 87 63 Section 12.1. Applicability of Article............................................................... 87 ................................63 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ...63 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88...............63

Sinking Funds. 87 53 Section 12.11201. Applicability of Article............................................................... 87 ..............................................53 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................53 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.............................54

Sinking Funds. 87 Section 12.1. 11.01 Applicability of Article............................................................... 87 .......................................................................47 Section 12.2. 11.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Debentures..........................................47 Section 12.3. 11.03 Redemption of Securities Debentures for Sinking Fund.............................................. 88......................................................47

Sinking Funds. 87 Section 12.1. Applicability of Article............................................................... 87 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..........................................74 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88......................................................74 ARTICLE THIRTEEN Defeasance and Covenant Defeasance

Sinking Funds. 87 45 Section 12.1. 13.01 Applicability of Article............................................................... 87 . ............................ 45 Section 12.2. 13.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 . ....................................... 47 Section 12.3. 13.03 Redemption of Securities for Sinking Fund.............................................. 88. ........... 47

Sinking Funds. 87 61 Section 12.1. 12.1 Applicability of Article............................................................... 87 Article ................................ 61 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Securities ... 62 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88Fund ............... 62

Sinking Funds. 87 91 Section 12.1. Applicability of Article............................................................... 87 ..............................91 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............................................91 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88.............92 ARTICLE 13 Meetings of Holders of Securities............................92

Sinking Funds. 87 Section 12.1. 59 SECTION 1201 Applicability of Article............................................................... 87 Section 12.2. Article ............................... 59 SECTION 1202 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Securities .. 59 SECTION 1203 Redemption of Securities for Sinking Fund.............................................. 88Fund .............. 59

Sinking Funds. 87 Section 12.1. 12.1 Applicability of Article............................................................... 87 .................................... 60 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88....... 61 CONTENTS

Sinking Funds. 87 Section 12.169 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2............................................. 69 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3................ 69 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88............................ 69

Sinking Funds. 87 62 Section 12.11201. Applicability of Article............................................................... 87 ..........................................................62 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .............................62 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.........................................62 ARTICLE THIRTEEN

Sinking Funds. 87 56 Section 12.11201. Applicability of Article............................................................... 87 ............................................... 56 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................. 56 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.............................. 56

Sinking Funds. 87 Section 12.1. Applicability of Article............................................................... 87 ............................... 28 Section 12.24.02. Satisfaction of Mandatory Sinking Fund Payments with Securities.................................. 87 ........................................... 29 Section 12.34.03. Redemption of Securities for Sinking Fund.............................................. 88.............. 29 ARTICLE FIVE.

Sinking Funds. 87 76 Section 12.11301. Applicability of Article............................................................... 87 ............................76 Section 12.21302. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..........................................76 Section 12.31303. Redemption of Securities for Sinking Fund.............................................. 88...........77

Sinking Funds. 87 85 Section 12.1. Applicability of Article............................................................... 87 ...................................................85 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ......................85 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88..................................86

Sinking Funds. 87 58 Section 12.11201. Applicability of Article............................................................... 87 ..................................................58 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .....................59 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88.................................59

Sinking Funds. 87 Section 65 SECTION 12.1. Applicability of Article............................................................... 87 Section ............................................65 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section ...............65 SECTION 12.3. Redemption of Securities for Sinking Fund.............................................. 88...........................65 ARTICLE XIII

Sinking Funds. 87 72 Section 12.1. 15.1 Applicability of Article............................................................... 87 ..................................72 Section 12.2. 15.2 Satisfaction of Mandatory Sinking Fund Payments Payment with Securities.................................. 87 ............................................73 Section 12.3. 15.3 Redemption of Securities for Sinking Fund.............................................. 88.................73

Sinking Funds. 87 89 Section 12.112.01. Applicability of Article............................................................... 87 .......................................................89 Section 12.212.02. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..........................89 Section 12.312.03. Redemption of Securities for Sinking Fund.............................................. 88......................................89 ARTICLE THIRTEEN....................................................................................90

Sinking Funds. 87 92 Section 12.111.01. Applicability of Article............................................................... 87 ..............................92 Section 12.211.02. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................................92 Section 12.311.03. Redemption of Securities for Sinking Fund.............................................. 88..............................................93 INDENTURE, dated as of __________, 199__ from OCWEN FINANCIAL CORPORATION, a Florida corporation (the "Company"), to NORWEST BANK MINNESOTA, N.A., a national banking association (the "Trustee").

Sinking Funds. 87 67 Section 12.1. 12.01 Applicability of Article............................................................... 87 ................................67 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ...67 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88...............67 iv 6 Page ---- ARTICLE 13 Defeasance and Covenant Defeasance.................................68 Section 13.01 Applicability of Article; Company's Option to Effect Defeasance or Covenant Defeasance................68 Section 13.02 Defeasance and Discharge................................68 Section 13.03

Sinking Funds. 87 Section 12.1. 13.1 Applicability of Article............................................................... 87 .......................................................69 Section 12.2. 13.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ..........................70 Section 12.3. 13.3 Redemption of Securities for Sinking Fund.............................................. 88......................................70

Sinking Funds. 87 Section 12.1. 72 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. .................................72 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ...............................................72 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88................73 ARTICLE XIII. - REPAYMENT AT THE OPTION OF HOLDERS...........................73 SECTION 13.01 Applicability of Article.................................73 -iv- TABLE OF CONTENTS ----------------- (continued) Page ----

Sinking Funds. 87 63 Section 12.11201. Applicability of Article............................................................... 87 ....................................................................... 63 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .......................................... 63 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88...................................................... 64 ARTICLE THIRTEEN

Sinking Funds. 87 Section 12.124 SECTION 4.01. Applicability of Article............................................................... 87 Section 12.2........................................................................ 24 SECTION 4.02. Satisfaction of Mandatory Sinking Fund Payments with Securities.................................. 87 Section 12.3...................................................................... 24 SECTION 4.03. Redemption of Securities for Sinking Fund.............................................. 88....................................................... 24 ARTICLE FIVE.

Sinking Funds. 87 Section 12.168 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2..................................... 68 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3........ 69 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88.................... 69

Sinking Funds. 87 35 Section 12.1. 12.01 Applicability of Article............................................................... 87 ..................................35 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 .....35 Section 12.3. 12.03 Redemption of Securities for Sinking Fund.............................................. 88.................35

Sinking Funds. 87 56 Section 12.11201. Applicability of Article............................................................... 87 ............................................ 56 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............... 56 Section 12.31203. Redemption of Securities for Sinking Fund.............................................. 88........................... 57

Sinking Funds. 87 Section 12.172 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2.................................72 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3....72 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88................72 ARTICLE THIRTEEN............................................................73

Sinking Funds. 87 Section 65 SECTION 12.1. Applicability of Article............................................................... 87 Section ...................................65 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section ......66 SECTION 12.3. Redemption of Securities for Sinking Fund.............................................. 88..................66

Sinking Funds. 87 Section 12.172 SECTION 1301. Applicability of Article............................................................... 87 Section 12.2..................................... 72 SECTION 1302. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88........ 73

Sinking Funds. 87 63 Section 12.11101. Applicability of Article............................................................... 87 ........................ 63 Section 12.21102. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ...................................... 64 Section 12.31103. Redemption of Securities for Sinking Fund.............................................. 88....... 64

Sinking Funds. 87 86 Section 12.1. Applicability of Article............................................................... 87 ..................................................86 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .....................86 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88.................................87

Sinking Funds. 87 51 Section 12.1. 11.01 Applicability of Article............................................................... 87 ......................................................................51 Section 12.2. 11.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Debentures.........................................51 Section 12.3. 11.03 Redemption of Securities Debentures for Sinking Fund.............................................. 88.....................................................52

Sinking Funds. 87 44 Section 12.111.1. Applicability of Article............................................................... 87 ............................................................ 44 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ............................... 44 Section 12.311.3. Redemption of Securities for Sinking Fund.............................................. 88........................................... 45

Sinking Funds. 87 77 Section 12.1. 12.1 Applicability of Article............................................................... 87 ................................77 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ...77 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88...............77

Sinking Funds. 87 Section 12.1. 78 SECTION 12.01 Applicability of Article............................................................... 87 Section 12.2. .................................. 78 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3. ..... 78 SECTION 12.03 Redemption of Securities for Sinking Fund.............................................. 88................. 79

Sinking Funds. 87 31 Section 12.111.1. Applicability of Article............................................................... 87 ..............................................................31 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 .................................31 Section 12.311.3. Redemption of Securities for Sinking Fund.............................................. 88.............................................32

Sinking Funds. 87 93 Section 12.111.01. Applicability of Article............................................................... 87 ..........................93 Section 12.211.02. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ........................................93 Section 12.311.03. Redemption of Securities for Sinking Fund.............................................. 88..............................................94 ARTICLE XII

Sinking Funds. 87 Section 12.163 SECTION 1201. Applicability of Article............................................................... 87 Section 12.2....................................................63 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3.......................63 SECTION 1203. Redemption of Securities for Sinking Fund.............................................. 88...................................63

Sinking Funds. 87 46 Section 12.1. 13.01 Applicability of Article............................................................... 87 . ............................. 46 Section 12.2. 13.02 Satisfaction of Sinking Fund Payments with Securities.................................. 87 . ........................................ 46 Section 12.3. 13.03 Redemption of Securities for Sinking Fund.............................................. 88. ............ 47

Sinking Funds. 87 70 Section 12.1. 12.1 Applicability of Article............................................................... 87 .................................70 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 ....70 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88................71

Sinking Funds. 87 Section 69 SECTION 12.1. Applicability of Article............................................................... 87 Section ..........................................................69 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section .............................70 SECTION 12.3. Redemption of Securities for Sinking Fund.............................................. 88.........................................70

Sinking Funds. 87 64 Section 12.1. Applicability of Article............................................................... 87 .............................................................64 Section 12.2. Satisfaction of Sinking Fund Payments with Securities.................................. 87 ................................64 Section 12.3. Redemption of Securities for Sinking Fund.............................................. 88............................................65

Sinking Funds. 87 53 Section 12.1. 12.1 Applicability of Article............................................................... 87 ....................................................... 53 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities.................................. 87 .......................... 53 Section 12.3. 12.3 Redemption of Securities for Sinking Fund.............................................. 88...................................... 53 Article 13

Sinking Funds. 87 41 Section 12.1. 11.1 Applicability of Article............................................................... 87 .................................................................... 41 Section 12.2. 11.2 Satisfaction of Sinking Fund Payments with With Securities.................................. 87 ....................................... 41 Section 12.3. 11.3 Redemption of Securities for Sinking Fund.............................................. 88................................................... 42

Sinking Funds. 87 Section 12.164 SECTION 13.01. Applicability of Article............................................................... 87 Section 12.2.............................................. 64 SECTION 13.02. Satisfaction of Sinking Fund Payments with Securities.................................. 87 Section 12.3................. 64 SECTION 13.03. Redemption of Securities for Sinking Fund.............................................. 88............................. 65