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 (other than any Securities previously called for redemption) and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted pursuant to Article XIV or 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, 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 (other than any Securities previously called for redemption) and theretofore purchased or otherwise acquired by the Company, and/or (2) may apply as a receive credit for the principal amount of Securities of a such series that 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 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 the same series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted in accordance with their terms or 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 sinking fund payment with respect to the any Securities of such that series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, Securities; provided that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in the Securities so to be redeemed (or at such other prices as may be specified for such Securities as contemplated in Section 3.1), 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, Company (1) may deliver Outstanding Securities (including all unmatured Coupons appertaining thereto) of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; provided that such Securities have not been previously so credited. Such Securities shall be received and the outstanding principal amount thereof credited for such purpose by the Trustee at the redemption price 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) Issuers or a Subsidiary Guarantor may deliver Outstanding outstanding Securities of a series (other than any Securities previously called for redemption) and (2) and may apply as a credit Securities of a series that have been redeemed either at the election of the Company Issuers 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms series of such series, Securities; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of like tenor of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of like tenor of a series that 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 sinking fund payment with respect to the Securities of like tenor of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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. Such Securities shall be first applied to the sinking fund payment next due and any excess shall be applied to the following sinking fund payments in the order they are due.

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1) may deliver Outstanding outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company pursuant to the terms term of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms term of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms term of such series, ; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, Securities; provided that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Securities so to be redeemed, 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted pursuant to Article XV or 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series series, or Tranche (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that or Tranche 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 sinking fund payment with respect to the Securities of such series or Tranche required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided series or Tranche thereof; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Partnership (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Partnership 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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) Partnership, the Guarantor or a Subsidiary Guarantor may deliver Outstanding outstanding Securities of a series (other than any Securities previously called for redemption) and (2) and may apply as a credit Securities of a series that have been redeemed either at the election of the Company Partnership 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms series of such series, Securities; 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 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, Issuer (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Issuer 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that Series; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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 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, Company (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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, Company or the Guarantor (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company may (1a) may deliver Outstanding Securities of a series (other than any of such Securities previously called for redemption) and and (2b) may apply as a credit Securities of a such series that which have been redeemed either at the election of the Company pursuant to the terms of such Securities series of 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities Securities, as provided for by the terms of such seriesSecurities, 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 Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such required sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1) may deliver Outstanding Securities of a series of Securities (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, series of Securities; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that which have been converted pursuant to Article 12 or 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver to the Trustee for cancellation Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, Securities; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted pursuant to this Indenture or 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, provided Securities; PROVIDED that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Securities so to be redeemed, 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Indenture Trustee at the redemption price 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, Company (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been 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, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company (1) may deliver Outstanding Securities (including all unmatured Coupons appertaining thereto) of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and the outstanding principal amount thereof credited for such purpose by the Trustee at the redemption price 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, Partnership (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that have been redeemed either at the election of the Company Partnership 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company (1) may deliver Outstanding Securities of a series (other series(other than any Securities previously called for redemption) and ), and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Issuer (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Issuer 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted in accordance with their terms or 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, provided Securities; PROVIDED that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in the Securities so to be redeemed (or at such other prices as may be specified for such Securities as contemplated in Section 301), 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such seriesSeries; 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 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, Issuers (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Issuers 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 sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Company may (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), together with any unmatured coupons appertaining to any Bearer Securities of such series and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), and (2) may apply as a credit Securities of a series that 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 62 Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series 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 have not been previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Partnership (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company Partnership 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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, Company (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that 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 Optional Sinking Fund Payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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, Any Issuer (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company such Issuer 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; provided that such -------- Securities have not been previously so credited. Such 113 Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Issuers (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Issuers 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Any Issuer (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company such Issuer 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 redemption price applicable Redemption Price specified in such Securities for redemption through operation of the sinking fund fund, and the amount of such sinking fund payment shall be reduced accordingly. Such Securities shall first be applied to the sinking fund payment next due, and any excess shall be applied to the following sinking fund payments in the order they are due.

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1) may deliver Outstanding Securities of like tenor of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of like tenor of a series that 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 sinking fund payment with respect to the Securities of like tenor of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; provided that such Securities have not 44 been previously so credited. Such Securities shall be received and credited for such purpose propose by the Trustee at the redemption price 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 (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which theretofore have been redeemed or otherwise acquired by the Company 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Partnership (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company Partnership 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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 speci- fied 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, Series; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), and (2) may apply as a credit Securities of a series that 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 under Clause (1) or (2) above in satisfaction of all or any part of any sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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.payment

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which theretofore have been redeemed or otherwise acquired by the Company 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted into Common Stock or 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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 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, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been converted pursuant to this Indenture or 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, Securities; provided that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Securities so to be redeemed, 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, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that which have been converted pursuant to Article 12 or 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; provided that such Securities have not -------- been -60- previously so credited. Such Securities shall be received and credited for such purpose by the Trustee at the redemption price 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, Corporation (1) may deliver Outstanding to the Trustee for cancellation outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of as a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, ; 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, Issuer (1i) may deliver Outstanding outstanding Securities of a series (other than any Securities previously called for redemption) and and (2ii) may apply as a credit Securities of a series that have been redeemed either at the election of the Company Issuer 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, 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, Company may (1a) may deliver Outstanding Securities of a series (other than any of such Securities previously called for redemption) and and (2b) may apply as a credit Securities of a such series that which have been redeemed either at the election of the Company pursuant to the terms of such Securities series of 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities Securities, as provided for by the terms of such seriesSecurities, 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 Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such required sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1i) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and ), and (2ii) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, 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 principal amount thereof and the amount of such sinking fund payment shall be reduced accordingly.

Satisfaction of Sinking Fund Payments with Securities. The Company, Company (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company pursuant to the -71- 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, Securities; provided that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Securities so to be redeemed, 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,Companies (1) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2) may apply as a credit Securities of a series that which have been redeemed either at the election of the Company Companies 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 sinking fund payment with respect to the any Securities of such series required to be made pursuant to the terms of such Securities as and to the extent provided for by the terms of such series, Securities; provided that such the Securities to be so credited have not been previously so credited. Such The Securities to be so credited shall be received and credited for such purpose by the Trustee at the redemption price Redemption Price, as specified in such the Securities so to be redeemed, 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, Company or the Guarantor (1a) may deliver Outstanding Securities of a series (other than any Securities previously called for redemption) and and (2b) may apply as a credit Securities of a series that 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 sinking fund payment with respect to the Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series, provided that such Securities have not been previously so credited. Such Securities shall will be received and credited for such purpose by the Trustee at the redemption price Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall will be reduced accordingly.