Common use of Satisfaction of Sinking Fund Payments with Securities Clause in Contracts

Satisfaction of Sinking Fund Payments with Securities. The Company (1) may deliver Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in the case of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Securities of a series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate and Stated Maturity; PROVIDED that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 1203, the Company may, in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of a series, (1) may deliver Outstanding Securities of a such series with to the same issue date, interest rate and Stated Maturity Trustee (other than any previously called for redemption), redemption or presented for repayment at the option of the Holder) together in the case of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, thereto and (2) may apply as a credit Securities of a such series with the same issue date, interest rate and Stated Maturity which have been previously purchased or otherwise acquired or redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, as provided for by the terms of such Securities together in the case of any Bearer Securities of such series with all unmatured coupons appertaining thereto, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate and Stated Maturityseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; PROVIDED provided that such Securities so delivered or applied as a credit have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the applicable Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company Subject to Section 1203, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Corporation may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in ) theretofore purchased or otherwise acquired by the case Corporation and/or (2) receive credit for the principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Corporation or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company Corporation pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company (1a) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together ) of a series or Tranche in the case respect of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, which a mandatory sinking fund payment is to be made and (2b) may apply as a credit Securities of a such series with the same issue date, interest rate and Stated Maturity or Tranche which have been (i) redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such SecuritiesSecurities or (ii) repurchased by the Company in the open market, by tender offer, in the open market or by private agreement, or otherwise, in each case in satisfaction of all or any part of any such mandatory sinking fund payment with respect to the Securities of such series with the same issue dateor Tranche; provided, interest rate and Stated Maturity; PROVIDED however, that no Securities shall be applied in satisfaction of a mandatory sinking fund payment if such Securities shall have not been previously so creditedapplied. Such Securities so applied shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company (1) may deliver Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in the case of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Securities of a series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate and Stated Maturity; PROVIDED provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 1203, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in ) theretofore purchased or otherwise acquired by the case Company and/or (2) receive credit for the principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Company or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED -------- however, that such Securities have not been previously so credited. Such ------- Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 1203, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in ) theretofore purchased or otherwise acquired by the case Company and/or (2) receive credit for the principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Company or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 1303, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption)) theretofore purchased or otherwise acquired by the Company, together in and/or (2) receive credit for the case principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Company or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company (1) may deliver Outstanding Securities of a series with the same issue date, interest rate rate, and Stated Maturity and other terms (other than any previously called for redemption), together together, in the case of any Bearer Securities of such series with the same issue date, interest rate and rate, Stated Maturity and other terms, with all unmatured coupons appertaining thereto, and (2) may apply as a credit Securities of a series with the same issue date, interest rate and rate, Stated Maturity and other terms which have been redeemed redeemed, either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate rate, Stated Maturity and Stated Maturityother terms; PROVIDED provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 1303, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in ) theretofore purchased or otherwise acquired by the case Company and/or (2) receive credit for the principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Company or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company (1i) may deliver Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption)) together, together in the case of any Bearer Securities of such series with the same issue dateseries, interest rate and Stated Maturity with all unmatured interest coupons appertaining thereto, thereto and (2ii) may apply as a credit Securities of a series with the same issue date, interest rate and Stated Maturity which have been (x) redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, (y) converted or exchanged pursuant to Article 14 or (z) previously delivered to the Trustee and cancelled without reissuance pursuant to Section 3.9, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with required to be made pursuant to the same issue date, interest rate and Stated Maturityterms of such Securities as provided for by the terms of such series; PROVIDED provided that such -------- Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company (1) may deliver Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption), together in the case of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Securities of a series with 47 the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate and Stated Maturity; PROVIDED PROVIDED, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (1) may deliver Outstanding outstanding Securities of a series with the same issue date, interest rate and Stated Maturity such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption), together in the case of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, ) and (2) may apply as a credit Securities of a series with the same issue date, interest rate such Series to which such sinking fund payment is applicable and Stated Maturity which have been redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue date, interest rate and Stated Maturity; PROVIDED provided that such Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officers' Certificate with respect thereto, not later than 30 days prior to the related sinking fund payment date, and shall be credited for such purpose by the Trustee at the Redemption Price price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.. If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this

Satisfaction of Sinking Fund Payments with Securities. The Company Subject to Section 1203, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Corporation may at its option (1) may deliver to the Trustee Outstanding Securities of a series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption)) theretofore purchased or otherwise acquired by the Corporation, together in and/or (2) receive credit for the case principal amount of any Bearer Securities of such series with which have been previously delivered to the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Trustee by the Corporation or for Securities of a such series with the same issue date, interest rate and Stated Maturity which have been redeemed either at the election of the Company Corporation pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Subject to Section 12.03, in lieu of making all or any part of any Mandatory Sinking Fund Payment with respect to any Securities of a series in cash, the Company may at its option (1) may deliver to the Trustees Outstanding Securities of a such series with the same issue date, interest rate and Stated Maturity (other than any previously called for redemption)) theretofore purchased or otherwise acquired by the Company, together in and/or (2) receive credit for the case principal amount of any Bearer Securities of such series with the same issue date, interest rate and Stated Maturity with all unmatured coupons appertaining thereto, and (2) may apply as a credit Securities of a series with the same issue date, interest rate and Stated Maturity which have been previously delivered to the Trustees by the Company or redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments Optional Sinking Fund Payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment Mandatory Sinking Fund Payment with respect to the Securities of such series with the same issue dateseries required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, interest rate and Stated Maturity; PROVIDED however, that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee Trustees at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment Mandatory Sinking Fund Payment shall be reduced accordingly.