Common use of Issue of Debentures Clause in Contracts

Issue of Debentures. Section 3.01. Debentures not to exceed the aggregate principal amount of $40,000,000, except as provided in Section 2.06, may, upon the execution of this Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Debentures to or upon the written order of the Company signed by its President or a Vice President and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary, without further action by the Company. As a general matter, the Debentures issued under this Indenture evidence indebtedness under the Loan Agreement and are not transferable except to a successor Revenue Bond Trustee.

Issue of Debentures. Section 3.01. Debentures not to exceed the aggregate principal amount of $40,000,00025,000,000, except as provided in Section 2.06, may, upon the execution of this Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Debentures to or upon the written order of the Company signed by its President or a Vice President and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary, without further action by the Company. As a general matter, the Debentures issued under this Indenture evidence indebtedness under the Loan Agreement and are not transferable except to a successor Revenue Bond Trustee.. #30165103.1 -11-

Issue of Debentures. Section 3.01. Debentures not to exceed the aggregate principal amount of $40,000,00025,000,000, except as provided in Section 2.06, may, upon the execution of this Indenture or from time to time thereafter, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Debentures to or upon the written order of the Company signed by its President or a Vice President and by its Treasurer or an Assistant Treasurer or its Secretary or an Assistant Secretary, without further action by the Company. As a general matter, the Debentures issued under this Indenture evidence indebtedness under the Loan Agreement and are not transferable except to a successor Revenue Bond Trustee.