Common use of SALE OF THE DEBENTURES Clause in Contracts

SALE OF THE DEBENTURES. The Company proposes to issue one or more series of debentures pursuant to the provisions of an Indenture dated as of June 15, 2001 (the "Indenture"), between the Company and The Chase Manhattan Bank (the "Trustee"). In a supplemental indenture to the Indenture, a resolution of the Board of Directors of the Company or an officers' certificate pursuant to a supplemental indenture or board resolution specifically authorizing each new series of debentures, the Company will designate the title of each new series of debentures, and the aggregate principal amount, date or dates of maturity, dates for payment and rate of interest, redemption dates, prices, obligations and restrictions, if any, and any other terms with respect to each such series.

SALE OF THE DEBENTURES. The Company proposes to issue one or more series of debentures pursuant to the provisions of an Indenture dated as of June 15, 2001 (the "Indenture"), between the Company and JPMorgan Chase Bank, formerly known as The Chase Manhattan Bank (the "Trustee"). In a supplemental indenture to the Indenture, a resolution of the Board of Directors of the Company or an officers' certificate pursuant to a supplemental indenture or board resolution specifically authorizing each new series of debentures, the Company will designate the title of each new series of debentures, and the aggregate principal amount, date or dates of maturity, dates for payment and rate of interest, redemption dates, prices, obligations and restrictions, if any, and any other terms with respect to each such series.