Common use of Redemption and Distribution Clause in Contracts

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at maturity or otherwise (either at the option of the Debenture Issuer or pursuant to a Special Event, as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures on the Maturity Date, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment of the Debentures prior to the Initial Optional Redemption Date and upon the occurrence and continuation of a Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment of the Debentures on or after the Initial Optional Redemption Date, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the “Redemption Price”. Holders will be given not less than 30 nor more than 60 days’ prior written notice of such redemption.

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at stated maturity or otherwise date of earlier redemption (either at the option of the Debenture Issuer or pursuant to a Special Tax Event, as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures on the Maturity Dateat stated maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment redemption of the Debentures prior to the Initial Optional Redemption Date and upon the occurrence [prior to _________] and continuation of a Special Tax Event, the Special Tax Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment redemption of the Debentures on or after other than as a result of the Initial Optional Redemption Dateoccurrence and continuance of a Tax Event, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Tax Event Redemption Price and the Optional Redemption Price are referred to collectively as the “"Redemption Price”" and the date fixed for redemption of the Securities is referred to herein as the "Redemption Date". Holders will be given not less than 30 nor more than 60 days’ ' prior written notice of such redemption. Any redemption of Securities shall be made, and the applicable Redemption Price shall be payable, on the Redemption Date, and only to the extent that the Trust has funds legally available for the payment thereof.

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at maturity or otherwise (either at the option of the Debenture Issuer or pursuant to a Special Event, as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures on the Maturity Date, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment of the Debentures prior to the Initial Optional Redemption Date and upon the occurrence and continuation of a Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment of the Debentures on or after the Initial Optional Redemption Date, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the “"Redemption Price”". Holders will be given not less than 30 nor more than 60 days’ ' prior written notice of such redemption.

Redemption and Distribution. (a) Upon the repayment of the Debentures in whole or in part, at stated maturity or otherwise date of earlier redemption (either at the option of the Debenture Issuer or pursuant to a Special Event, as described below), the proceeds from such repayment shall be simultaneously applied by the Property Trustee (subject to the Property Trustee having received written notice no later than 45 days prior to such repayment) to redeem a Like Amount of the Securities at a redemption price equal to (i) in the case of the repayment of the Debentures on the Maturity Dateat stated maturity, the Maturity Redemption Price (as defined below), (ii) in the case of the optional prepayment redemption of the Debentures upon the occurrence, prior to the Initial Optional Redemption Date and upon the occurrence ______________, and continuation of a Special Event, the Special Event Redemption Price (as defined below) and (iii) in the case of the optional prepayment redemption of the Debentures on or after other than as a result of the Initial Optional Redemption Dateoccurrence and continuance of a Special Event, the Optional Redemption Price (as defined below). The Maturity Redemption Price, the Special Event Redemption Price and the Optional Redemption Price are referred to collectively as the “"Redemption Price”" and the date fixed for redemption of the Securities is referred to herein as the "Redemption Date". Holders will be given not less than 30 nor more than 60 days’ ' prior written notice of such redemption. Any redemption of Securities shall be made, and the applicable Redemption Price shall be payable, on the Redemption Date, and only to the extent that the Trust has funds legally available for the payment thereof.