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

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, at its option, as specified by it in an Officers’ Certificate delivered to the Trustee pursuant to Section 3.03 reduce and satisfy the obligation to make a mandatory sinking fund payment in the amount of the redemption price, together with accrued interest to the redemption date on Debt Securities otherwise to be redeemed, of any Debt Securities (a) acquired by the Company and delivered by it to the Trustee for cancellation or (b) redeemed otherwise than through the operation of the mandatory sinking fund, and in each case under clauses (a) and (b) delivered or redeemed on or prior to the date of delivery of such Officers’ Certificate and not theretofore made the basis for a reduction of a mandatory sinking fund payment.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, at its option, as specified by it in an Officers’ Officer's Certificate delivered to the Trustee pursuant to Section 3.03 reduce and satisfy the obligation to make a mandatory sinking fund payment in the amount of the redemption price, together with accrued interest to the redemption date on Debt Securities otherwise to be redeemed, of any Debt Securities (a) acquired by the Company and delivered by it to the Trustee for cancellation or (b) redeemed otherwise than through the operation of the mandatory sinking fund, and in each case under clauses (a) and (b) delivered or redeemed on or prior to the date of delivery of such Officers’ ' Certificate and not theretofore made the basis for a reduction of a mandatory sinking fund payment.

Satisfaction of Sinking Fund Payments with Debt Securities. The Company may, at its option, as specified by it in an Officers’ Officer's Certificate delivered to the Trustee pursuant to Section 3.03 reduce and satisfy the obligation to make a mandatory sinking fund payment in the amount of the redemption price, together with accrued interest to the redemption date on Debt Securities otherwise to be redeemed, of any Debt Securities (a) acquired by the Company and delivered by it to the Trustee for cancellation or (b) redeemed otherwise than through the operation of the mandatory sinking fund, and in each case under clauses (a) and (b) delivered or redeemed on or prior to the date of delivery of such Officers’ Officer's Certificate and not theretofore made the basis for a reduction of a mandatory sinking fund payment.