Common use of Ongoing Indebtedness Clause in Contracts

Ongoing Indebtedness. $102.9MM Industrial Revenue Bonds issued by City of Baltimore for Consolidation Coal Sales Company. Principal and interest guaranteed by ▇. ▇. ▇▇▇▇▇▇ de Nemours and Company. These bonds have been issued in two series, 1984A and B Series totalling $72MM, and 1985 Series totalling $30.9MM. Maturities of the 1984 and 1985 Series are October 1, 2011 and December 1, 2010, respectively. These bonds are at a fixed annual rate of 6.50%. The Borrower has the option to call the bonds on a restricted basis. The Bondholders do not have the option to require the Borrower to redeem the bonds.