Common use of Termination of Corporation's Obligations Clause in Contracts

Termination of Corporation's Obligations. The Corporation at any time may terminate its obligation to pay an installment of principal or interest if it deposits with the Trustee money or U.S. Government Obligations sufficient to pay the installment when due. The Corporation shall designate the installment. The Corporation at any time may terminate all of its obligations under the Securities and this Indenture (except under Section 7.07 and with respect to the registration of transfer or exchange provide herein) if it deposits with Trustee money or U.S. Government Obligations in an amount necessary to satisfy all Obligations thereunder and hereunder. The Corporation's obligations with respect to registration of transfer or exchange shall terminate when the Securities are no longer outstanding. Thereafter, the Corporation's obligations in Section 7.07 hereof shall survive. Before or after a deposit the Corporation may make arrangements satisfactory to Trustee for the redemption of Securities at a future date in accordance with Article 3 hereof. After a deposit pursuant to the second paragraph of this Section 8.01, the Trustee shall acknowledge in writing the discharge of the Corporation's obligations under the Securities and this Indenture except for those surviving obligations specified above. An installment of principal or interest due on a Security shall be considered paid on the date such installment is due if the Trustee or Paying Agent holds on that date money sufficient to pay the installment. In order to have money available on payment dates to pay principal or interest on the Securities, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment dates in such amounts as will provide the necessary money. U.S. Government Obligations shall not be callable at the issuer's option.

Termination of Corporation's Obligations. The Corporation at any time may terminate its obligation to pay an installment of principal or interest if it deposits with the Trustee money or U.S. Government Obligations sufficient to pay the installment when due. The Corporation shall designate the installment. The Corporation at any time may terminate all of its obligations under the Securities and this Indenture (except under Section 7.07 7.06 and with respect to the registration of transfer or exchange provide herein) if it deposits with Trustee money or U.S. Government Obligations in an amount necessary to satisfy all Obligations thereunder and hereunder. The Corporation's obligations with respect to registration of transfer or exchange shall terminate when the Securities are no longer outstanding. Thereafter, the Corporation's obligations in Section 7.07 7.06 hereof shall survive. Before or after a deposit the Corporation may make arrangements satisfactory to Trustee for the redemption of Securities at a future date in accordance with Article 3 hereof. After a deposit pursuant to the second paragraph of this Section 8.01, the Trustee shall acknowledge in writing the discharge of the Corporation's obligations under the Securities and this Indenture except for those surviving obligations specified above. An installment of principal or interest due on a Security shall be considered paid on the date such installment is due if the Trustee or Paying Agent holds on that date money sufficient to pay the installment. In order to have money available on payment dates to pay principal or interest on the Securities, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment dates in such amounts as will provide the necessary money. U.S. Government Obligations shall not be callable at the issuer's option.

Termination of Corporation's Obligations. The Corporation at any time may terminate its obligation to pay an installment of principal or interest if it deposits with the Trustee Paying Agent money or U.S. Government Obligations sufficient to pay the installment when due. The Corporation shall designate the installment. The Corporation at any time may terminate all of its obligations under the Securities and this Indenture (except under Section 7.07 and with respect to the registration of transfer or exchange provide herein) if it deposits with Trustee Paying Agent money or U.S. Government Obligations as provided in an amount necessary to satisfy all Obligations thereunder and hereunderthe Securities. The Corporation's obligations with respect to registration obligations, however, in paragraph 10 of transfer or exchange the Securities and in Sections 2.04, 2.05, 2.06, 2.07, 7.06 and 7.07 hereof shall terminate when survive until the Securities are no longer outstanding. Thereafter, the Corporation's obligations in such paragraph 10 and in Section 7.07 7.06 hereof shall survive. Before or after a deposit the Corporation may make arrangements satisfactory to Trustee Paying Agent for the redemption of Securities at a future date in accordance with Article 3 hereof. After a deposit pursuant to the second paragraph of this Section 8.01, the Trustee shall acknowledge in writing the discharge of the Corporation's obligations under the Securities and this Indenture except for those surviving obligations specified above. An installment of principal or interest due on a Security shall be considered paid on the date such installment is due if the Trustee or Paying Agent holds on that date money sufficient to pay the installment. In order to have money available on payment dates to pay principal or interest on the Securities, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment dates in such amounts as will provide the necessary money. U.S. Government Obligations shall not be callable at the issuer's option.

Termination of Corporation's Obligations. The Corporation at any time may terminate its obligation to pay an installment of principal or interest if it deposits with the Trustee money or U.S. Government Obligations sufficient to pay the installment when due. The Corporation shall designate the installment. The Corporation at any time may terminate all of its obligations under the Securities and this Indenture (except under Section 7.07 7.06 and with respect to the registration of transfer or exchange provide herein) if it deposits with Trustee money or U.S. Government Obligations in an amount necessary to satisfy all Obligations thereunder and hereunder. The Corporation's ’s obligations with respect to registration of transfer or exchange shall terminate when the Securities are no longer outstanding. Thereafter, the Corporation's ’s obligations in Section 7.07 7.06 hereof shall survive. Before or after a deposit the Corporation may make arrangements satisfactory to Trustee for the redemption of Securities at a future date in accordance with Article 3 hereof. After a deposit pursuant to the second paragraph of this Section 8.01, the Trustee shall acknowledge in writing the discharge of the Corporation's ’s obligations under the Securities and this Indenture except for those surviving obligations specified above. An installment of principal or interest due on a Security shall be considered paid on the date such installment is due if the Trustee or Paying Agent holds on that date money sufficient to pay the installment. In order to have money available on payment dates to pay principal or interest on the Securities, the U.S. Government Obligations shall be payable as to principal or interest on or before such payment dates in such amounts as will provide the necessary money. U.S. Government Obligations shall not be callable at the issuer's ’s option.