Common use of TWELVE SINKING FUNDS Clause in Contracts

TWELVE SINKING FUNDS. 63 Section 12.1. Applicability of Article........................................................63 Section 12.2. Satisfaction of Sinking Fund Payments with Securities...........................63 Section 12.3. Redemption of Securities for Sinking Fund.......................................63 ARTICLE THIRTEEN DEFEASANCE........................................................................64 Section 13.1. Applicability of Article........................................................64 Section 13.2. Legal Defeasance................................................................64 Section 13.3. Covenant Defeasance.............................................................65 Section 13.4. Deposited Money and U.S. Government Obligations to be Held in Trust.............66 Section 13.5. Repayment to Company; Qualifying Trustee........................................67

TWELVE SINKING FUNDS. 63 60 Section 12.1. Applicability of Article........................................................63 .....................................................60 Section 12.2. Satisfaction of Sinking Fund Payments with Securities...........................63 ........................61 Section 12.3. Redemption of Securities for Sinking Fund.......................................63 ....................................61 ARTICLE THIRTEEN DEFEASANCE........................................................................64 .....................................................................61 Section 13.1. Applicability of Article........................................................64 .....................................................61 Section 13.2. Legal Defeasance................................................................64 .............................................................61 Section 13.3. Covenant Defeasance.............................................................65 ..........................................................63 Section 13.4. Deposited Money and U.S. Government Obligations to be Held in Trust.............66 ..........64 Section 13.5. Repayment to Company; Qualifying Trustee.............................................................................64 ARTICLE FOURTEEN GUARANTEE OF SECURITIES........................................................65 Section 14.1. Unconditional Guarantee......................................................65 Section 14.2. Execution and Delivery of Notation of Guarantee..............................67 Section 14.3. Reports by Guarantor.........................................................67 Section 14.4. Subordination of Guarantees..................................................67

TWELVE SINKING FUNDS. 63 Section 12.1. Applicability of Article............................................................................................63 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................................63 Section 12.3. Redemption of Securities for Sinking Fund..........................................................63 ARTICLE THIRTEEN DEFEASANCE..........................................................................................................................64 Section 13.1. Applicability of Article............................................................................................64 Section 13.2. Legal Defeasance............................................................................................................64 Section 13.3. Covenant Defeasance......................................................................................................65 Section 13.4. Deposited Money and U.S. Government Obligations to be Held in Trust............................................................66 Section 13.5. Repayment to Company; Qualifying Trustee....................67 ARTICLE FOURTEEN GUARANTEE OF SECURITIES.....................................67 Section 14.1. Unconditional Guarantee.....................................67 Section 14.2. Execution and Delivery of Notation of Guarantee.............69 Section 14.3. Reports by Guarantor........................................6770

TWELVE SINKING FUNDS. 63 Section 12.150 SECTION 12.01. Applicability of Article........................................................63 Section 12.2.............................................................. 50 SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities...........................63 Section 12.3....................... 50 SECTION 12.03. Redemption of Securities for Sinking Fund.......................................63 ............................................. 50 ARTICLE THIRTEEN DEFEASANCE........................................................................64 Section 13.1DEFEASANCE ..................................................................................... 55 SECTION 13.01. Applicability of Article........................................................64 Section 13.2.............................................................. 55 SECTION 13.02. Legal Defeasance................................................................64 Section 13.3. Covenant Defeasance.............................................................65 Section 13.4Defeasance Upon Deposit of Moneys or U.S. Government Obligations...................... 55 SECTION 13.03. Deposited Money Moneys and U.S. Government Obligations to be Be Held in Trust.............66 Section 13.5.................. 57 SECTION 13.04. Repayment to Company; Qualifying Trustee........................................67.................................................................. 57

TWELVE SINKING FUNDS. 63 60 Section 12.1. Applicability of Article........................................................63 ...........................................................60 Section 12.2. Satisfaction of Sinking Fund Payments with Securities...........................63 ..............................61 Section 12.3. Redemption of Securities for Sinking Fund.......................................63 ..........................................61 ARTICLE THIRTEEN DEFEASANCE........................................................................64 ...........................................................................61 Section 13.1. Applicability of Article........................................................64 ...........................................................61 Section 13.2. Legal Defeasance................................................................64 ...................................................................61 Section 13.3. Covenant Defeasance.............................................................65 ................................................................63 Section 13.4. Deposited Money and U.S. Government Obligations to be Held in Trust.............66 ................64 Section 13.5. Repayment to Company; Qualifying Trustee...................................................................................64 ARTICLE FOURTEEN GUARANTEE OF SECURITIES..............................................................65 Section 14.1. Unconditional Guarantee............................................................65 Section 14.2. Execution and Delivery of Notation of Guarantee....................................67 Section 14.3. Reports by Guarantor...............................................................67 Section 14.4. Subordination of Guarantees........................................................67

TWELVE SINKING FUNDS. 63 Section 12.150 SECTION 12.01. Applicability of Article........................................................63 Section 12.2................................................................. 50 SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities...........................63 Section 12.3.......................... 50 SECTION 12.03. Redemption of Securities for Sinking Fund.......................................63 ................................................ 51 ARTICLE THIRTEEN DEFEASANCE........................................................................64 Section 13.1..................................................................................... 55 SECTION 13.01. Applicability of Article........................................................64 Section 13.2................................................................. 55 SECTION 13.02. Legal Defeasance................................................................64 Section 13.3. Covenant Defeasance.............................................................65 Section 13.4Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03. Deposited Money Moneys and U.S. Government Obligations to be Be Held in Trust.............66 Section 13.5..................... 57 SECTION 13.04. Repayment to Company; Qualifying Trustee........................................67..................................................................... 57 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58

TWELVE SINKING FUNDS. 63 Section 12.155 SECTION 1201. Applicability of Article........................................................63 Section 12.2....................................................55 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities...........................63 Section 12.3.......................55 SECTION 1203. Redemption of Securities for Sinking Fund.......................................63 ...................................55 ARTICLE THIRTEEN DEFEASANCE........................................................................64 Section 13.1................................................................56 SECTION 1301. Applicability of Article........................................................64 Section 13.2....................................................56 SECTION 1302. Legal Defeasance................................................................64 Section 13.3. Covenant Defeasance.............................................................65 Section 13.4Defeasance Upon Deposit of Moneys or U.S. Government Obligations............56 SECTION 1303. Deposited Money Moneys and U.S. Government Obligations to be Held in Trust.............66 Section 13.5..................................................................57 SECTION 1304. Repayment to Company; Qualifying Trustee........................................67........................................................58 TESTIMONIUM.................................................................................59