Examples of Annual Interest Requirements in a sentence
So long as any of the Bonds of the Fortieth Series remain Outstanding, Section 27 of the Mortgage is amended by adding at the end thereof the following additional sentence: As described in the penultimate paragraph of Section 7 hereof, and subject to the conditions therein specified, a Net Earning Certificate shall be deemed to show Adjusted Net Earnings of the Company to be as required by this Section 27 (without any necessity for such Net Earning Certificate to specify Annual Interest Requirements).
With respect to Bonds issued on or before the Effective Date, (1) the term "Senior Lien Obligations" shall not include obligations under the 1920 Mortgage, notwithstanding Section 1.01 of the Indenture, and (2) for purposes of calculating the Annual Interest Requirements under Section 5.01 of the Indenture, obligations under the 1920 Mortgage shall not be included.
So long as any of the Bonds of the Forty-first Series remain Outstanding, Section 27 of the Mortgage is amended by adding at the end thereof the following additional sentence: As described in the penultimate paragraph of Section 7 hereof, and subject to the conditions therein specified, a Net Earning Certificate shall be deemed to show Adjusted Net Earnings of the Company to be as required by this Section 27 (without any necessity for such Net Earning Certificate to specify Annual Interest Requirements).
So long as any of the Bonds of the Twenty-eighth Series remain Outstanding, Section 27 of the Mortgage is amended by adding at the end thereof the following additional sentence: As described in the penultimate paragraph of Section 7 hereof, and subject to the conditions therein specified, a Net Earning Certificate shall be deemed to show Adjusted Net Earnings of the Company to be as required by this Section 27 (without any necessity for such Net Earning Certificate to specify Annual Interest Requirements).
Net Earnings Certificate; Adjusted Net Earnings; Annual Interest Requirements..