Common use of Sinking Funds Clause in Contracts

Sinking Funds. 42 Section 11.1. Applicability of Article.................................................... 42 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. Redemption of Securities for Sinking Fund................................... 43

Sinking Funds. 42 Section 11.145 SECTION 12.01. Applicability of Article.................................................... 42 Section 11.2........................................................ 45 SECTION 12.02. Satisfaction of Sinking Fund Payments with With Securities....................... 42 Section 11.3........................... 45 SECTION 12.03. Redemption of Securities for Sinking Fund................................... 43....................................... 45 ARTICLE XIII.

Sinking Funds. 42 Section 11.1. 60 SECTION 12.01 Applicability of Article.................................................... 42 Section 11.2. .................................................................60 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. ....................................60 SECTION 12.03 Redemption of Securities for Sinking Fund................................... 43................................................60

Sinking Funds. 42 61 Section 11.1. 12.01 Applicability of Article.................................................... 42 .....................................................................61 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ........................................61 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43....................................................61

Sinking Funds. 42 59 Section 11.1. 12.01 Applicability of Article.................................................... 42 .............................. 59 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ......................................... 59 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43............. 60

Sinking Funds. 42 88 Section 11.112.1. Applicability of Article.................................................... 42 .....................................................................88 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ........................................88 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43....................................................88

Sinking Funds. 42 48 Section 11.11201. Applicability of Article.................................................... 42 ............................... 48 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .. 49 iii 6 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43............. 49 ARTICLE THIRTEEN

Sinking Funds. 42 Section 11.1. 46 SECTION 10.1 Applicability of Article.................................................... 42 Section 11.2. ...........................................46 SECTION 10.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. ..............46 SECTION 10.3 Redemption of Securities for Sinking Fund................................... 43..........................46 ARTICLE XI

Sinking Funds. 42 60 Section 11.11201. Applicability of Article.................................................... 42 ............................................... 60 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................. 60 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.............................. 61

Sinking Funds. 42 63 Section 11.1. 12.1 Applicability of Article.................................................... 42 ................................................................. 63 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .................................... 63 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43................................................ 64

Sinking Funds. 42 91 Section 11.114.1. Applicability of Article.................................................... 42 .......................................91 Section 11.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities....................... 42 ..................................................91 Section 11.314.3. Redemption of Debt Securities for Sinking Fund................................... 43.................91 ARTICLE XV.....................................................................................93 DEFEASANCE...................................................................93

Sinking Funds. 42 58 Section 11.11201. Applicability of Article.................................................... 42 ..................................................58 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .....................58 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.................................58

Sinking Funds. 42 62 Section 11.1. 12.01 Applicability of Article.................................................... 42 .....................................................................62 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ........................................62 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43....................................................63

Sinking Funds. 42 79 Section 11.112.1. Applicability of Article.................................................... 42 ................................................. 79 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................... 79 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43................................ 80

Sinking Funds. 42 73 Section 11.1. 12.01 Applicability of Article.................................................... 42 ...........................................73 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with With Securities....................... 42 ..............74 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43..........................74

Sinking Funds. 42 71 Section 11.112.1. Applicability of Article.................................................... 42 ..................... 71 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................... 72 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43................................ 72 ARTICLE 13

Sinking Funds. 42 80 Section 11.112.1. Applicability of Article.................................................... 42 .................................................. 80 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ..................... 81 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43................................. 81

Sinking Funds. 42 Section 11.162 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2..................................................................62 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3.....................................62 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43.................................................63

Sinking Funds. 42 87 Section 11.112.1. Applicability of Article.................................................... 42 ............................................................... 87 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................................. 87 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43.............................................. 88

Sinking Funds. 42 Section 11.1. 58 SECTION 12.01 Applicability of Article.................................................... 42 Section 11.2. .................................................................58 SECTION 12.02 Satisfaction of Sinking Fund Payments with With Securities....................... 42 Section 11.3. ....................................58 SECTION 12.03 Redemption of Securities for Sinking Fund................................... 43................................................58

Sinking Funds. 42 Section 11.167 SECTION 12.1. Applicability of Article.................................................... 42 Section 11.2. .................................................. 67 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. ..................... 67 SECTION 12.3. Redemption of Securities for Sinking Fund................................... 43. ................................. 68 ARTICLE XIII

Sinking Funds. 42 Section 11.1. Applicability 12.1.Applicability of Article.................................................... 42 ................................ 75 Section 11.2. Satisfaction 12.2.Satisfaction of Sinking Fund Payments with Securities....................... 42 ... 75 Section 11.3. Redemption 12.3.Redemption of Securities for Sinking Fund................................... 43............... 76

Sinking Funds. 42 78 Section 11.112.1. Applicability of Article.................................................... 42 ............................78 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ..........................................78 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43...........78 ARTICLE 13 Meetings of Holders of Securities........................................79

Sinking Funds. 42 1 Section 11.1. 12.1 Applicability of Article.................................................... 42 ................................................................ 1 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ................................... 1 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43............................................... 1 ARTICLE 13.

Sinking Funds. 42 Section 11.114.1. Applicability of Article.................................................... 42 .................................... 68 Section 11.214.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ................................................ 68 Section 11.314.3. Redemption of Securities for Sinking Fund................................... 43................... 69 ARTICLE 15 Securities in Foreign Currencies

Sinking Funds. 42 45 Section 11.1. 10.01 Applicability of Article.................................................... 42 ...................................................................45 Section 11.2. 10.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ......................................46 Section 11.3. 10.03 Redemption of Securities for Sinking Fund................................... 43..................................................46

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 ........................................84 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ...........85 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.......................85

Sinking Funds. 42 Section 11.161 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2..................................... 61 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3........ 62 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43.................... 62 ARTICLE THIRTEEN Meetings of Holders of Securities........................................... 62

Sinking Funds. 42 68 Section 11.1. 12.01 Applicability of Article.................................................... 42 ................................68 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. Redemption of Securities for Sinking Fund................................... 43...69 TABLE OF CONTENTS (Continued)

Sinking Funds. 42 47 Section 11.1. Applicability of Article.................................................... 42 ...................................47 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ......47 Section 11.3. Redemption of Securities for Sinking Fund................................... 43..................48 ARTICLE XII.

Sinking Funds. 42 Section 11.161 SECTION 12.01. Applicability of Article.................................................... 42 Section 11.2...................................61 SECTION 12.02. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3......61 SECTION 12.03. Redemption of Securities for Sinking Fund................................... 43..................61

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 ......................................75 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .........75 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.....................76

Sinking Funds. 42 94 Section 11.112.01. Applicability of Article.................................................... 42 .....................................................94 Section 11.212.02. Satisfaction of Sinking Fund Payments with Securities....................... 42 ........................95 Section 11.312.03. Redemption of Securities for Sinking Fund................................... 43....................................95

Sinking Funds. 42 62 Section 11.11201. Applicability of Article.................................................... 42 ..........................................................62 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .............................62 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.........................................62 ARTICLE THIRTEEN

Sinking Funds. 42 56 Section 11.11201. Applicability of Article.................................................... 42 ............................................... 56 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................. 56 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.............................. 56

Sinking Funds. 42 72 Section 11.1. 15.1 Applicability of Article.................................................... 42 ..................................72 Section 11.2. 15.2 Satisfaction of Mandatory Sinking Fund Payments Payment with Securities....................... 42 ............................................73 Section 11.3. 15.3 Redemption of Securities for Sinking Fund................................... 43.................73

Sinking Funds. 42 Section 11.171 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2Article ...................................71 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3Securities ......71 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43Fund ..................72 (iii)

Sinking Funds. 42 44 Section 11.1. Applicability of Article.................................................... 42 ............................................................44 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ...............................44 Section 11.3. Redemption of Securities for Sinking Fund................................... 43...........................................45

Sinking Funds. 42 89 Section 11.112.01. Applicability of Article.................................................... 42 .......................................................89 Section 11.212.02. Satisfaction of Sinking Fund Payments with Securities....................... 42 ..........................89 Section 11.312.03. Redemption of Securities for Sinking Fund................................... 43......................................89 ARTICLE THIRTEEN....................................................................................90

Sinking Funds. 42 57 Section 11.11201. Applicability of Article.................................................... 42 ................................................ 57 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 ................... 57 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43............................... 58

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 .................................... 75 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ....... 75 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43................... 76

Sinking Funds. 42 44 Section 11.1. Applicability of Article.................................................... 42 ............................................................ 44 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ............................... 44 Section 11.3. Redemption of Securities for Sinking Fund................................... 43........................................... 45

Sinking Funds. 42 69 Section 11.1. 12.01 Applicability of Article.................................................... 42 ..........................................................69 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 .............................69 ..................................................................................69 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43.........................................70

Sinking Funds. 42 69 Section 11.1. 12.01 Applicability of Article.................................................... 42 ............................... 69 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ............................................. 69 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43.............. 70

Sinking Funds. 42 Section 11.1. 13.1 Applicability of Article.................................................... 42 .......................................................69 Section 11.2. 13.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ..........................70 Section 11.3. 13.3 Redemption of Securities for Sinking Fund................................... 43......................................70

Sinking Funds. 42 Section 11.167 SECTION 13.01. Applicability of Article.................................................... 42 Section 11.2Article ..................................................................... 67 SECTION 13.02. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3Securities ........................................ 68 SECTION 13.03. Redemption of Securities for Sinking Fund................................... 43Fund .................................................... 68 ARTICLE FOURTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS ................................. 69 SECTION 14.01. Exemption from Individual Liability ............................................. 69

Sinking Funds. 42 Section 11.162 SECTION 12.1. Applicability of Article.................................................... 42 Section 11.2........................................... 62 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3.............. 62 SECTION 12.3. Redemption of Securities for Sinking Fund................................... 43.......................... 62 ARTICLE XIII

Sinking Funds. 42 89 Section 11.112.1. Applicability of Article.................................................... 42 ................................................................89 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 ...................................89 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43...............................................89 ARTICLE 13 Meetings of Holders of Securities.........................................................................90

Sinking Funds. 42 Section 11.184 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2............................................................84 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3...............................85 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43...........................................85 PAGE ---- ARTICLE THIRTEEN

Sinking Funds. 42 33 Section 11.1. 5.01 Applicability of Article.................................................... 42 ....................................................33 Section 11.2. 5.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 .......................34 Section 11.3. 5.03 Redemption of Securities for Sinking Fund................................... 43...................................34

Sinking Funds. 42 69 Section 11.112.1. Applicability of Article.................................................... 42 ...................................... 69 Section 11.212.2. Satisfaction of Sinking Fund Payments with With Securities....................... 42 ......... 69 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43..................... 70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS..................................... 70 Section 13.1. Applicability of Article...................................... 70

Sinking Funds. 42 61 Section 11.1. 12.1 Applicability of Article.................................................... 42 ......................................61 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .........61 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.....................62

Sinking Funds. 42 74 Section 11.11201. Applicability of Article.................................................... 42 ................................................... 74 Section 11.21202. Satisfaction of Sinking Fund Payments with Debt Securities....................... 42 ................. 75 Section 11.31203. Redemption of Debt Securities for Sinking Fund................................... 43............................. 75 ARTICLE XIII. REPAYMENT AT THE OPTION OF HOLDERS......................................... 76

Sinking Funds. 42 70 Section 11.1. 12.01 Applicability of Article.................................................... 42 ..........................................................70 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 .............................71 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43.........................................71

Sinking Funds. 42 Section 11.170 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2.................................................................70 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3....................................70 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43................................................71 ARTICLE THIRTEEN

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 ..............................................................75 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .................................75 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.............................................76

Sinking Funds. 42 71 Section 11.1. 12.1 Applicability of Article.................................................... 42 ..................................71 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .....71 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.................71

Sinking Funds. 42 Section 11.163 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2..................................... 63 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3........ 63 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43.................... 63 ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF THE HOLDERS..................... 64

Sinking Funds. 42 36 Section 11.1. 5.01 Applicability of Article.................................................... 42 .............................. 36 Section 11.2. 5.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities 37 Section 11.3. 5.03 Redemption of Securities for Sinking Fund................................... 43............. 37 ARTICLE 6 COVENANTS................................................................ 38 Section 6.01

Sinking Funds. 42 65 Section 11.1. 12.1 Applicability of Article.................................................... 42 ................................................65 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ...................65 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43...............................65 ARTICLE XIII EXTENSION OF INTEREST PAYMENT PERIOD.....................................66

Sinking Funds. 42 Section 11.175 SECTION 1301. Applicability of Article.................................................... 42 Section 11.2.................................... 75 SECTION 1302. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. Redemption of Securities for Sinking Fund................................... 43....... 75

Sinking Funds. 42 75 Section 11.114.01. Applicability of Article.................................................... 42 .................. 75 Section 11.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities....................... 42 ........... 75 Section 11.314.03. Redemption of Debt Securities for Sinking Fund................................... 43............................ 76 ARTICLE FIFTEEN

Sinking Funds. 42 63 Section 11.1. 12.01 Applicability of Article.................................................... 42 ...............................63 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 .............................................63 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43..............64

Sinking Funds. 42 83 Section 11.114.01. Applicability of Article.................................................... 42 ..............................83 Section 11.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities....................... 42 ..................84 Section 11.314.03. Redemption of Debt Securities for Sinking Fund................................... 43........84 ARTICLE FIFTEEN DEFEASANCE............................................................86

Sinking Funds. 42 27 Section 11.14.01. Applicability of Article.................................................... 42 ............................................................27 Section 11.24.02. Satisfaction of Sinking Fund Payments with With Securities....................... 42 ...............................28 Section 11.34.03. Redemption of Securities for Sinking Fund................................... 43...........................................28

Sinking Funds. 42 58 Section 11.11201. Applicability of Article.................................................... 42 ..................................................... 58 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 ........................ 59 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.................................... 59 ARTICLE THIRTEEN

Sinking Funds. 42 39 Section 11.1. 12.01 Applicability of Article.................................................... 42 ...................................................................... 39 -iii- TABLE OF CONTENTS (continued) PAGE Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ......................................... 39 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43..................................................... 39 ARTICLE XIII REDEMPTION UPON A DESIGNATED EVENT AND A RATING DECLINE................................................ 40

Sinking Funds. 42 Section 11.165 (S) 12.1. Applicability of Article.................................................... 42 Section 11.2..........................................65 (S) 12.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3.............65 (S) 12.3. Redemption of Securities for Sinking Fund................................... 43.........................66

Sinking Funds. 42 63 Section 11.11201. Applicability of Article.................................................... 42 ....................................................................... 63 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 .......................................... 63 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43...................................................... 64 ARTICLE THIRTEEN

Sinking Funds. 42 Section 11.124 SECTION 4.01. Applicability of Article.................................................... 42 Section 11.2........................................................................ 24 SECTION 4.02. Satisfaction of Mandatory Sinking Fund Payments with Securities....................... 42 Section 11.3...................................................................... 24 SECTION 4.03. Redemption of Securities for Sinking Fund................................... 43....................................................... 24 ARTICLE FIVE.

Sinking Funds. 42 Section 11.168 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2..................................... 68 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3........ 69 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43.................... 69

Sinking Funds. 42 69 Section 11.112.1. Applicability of Article.................................................... 42 ................................................................69 Section 11.212.2. Satisfaction of Sinking Fund Payments with With Securities....................... 42 ...................................70 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43...............................................70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS............................................................................71 Section 13.1. Applicability of Article................................................................71

Sinking Funds. 42 Section 11.1. 60 SECTION 13.1 Applicability of Article.................................................... 42 Section 11.2. ..................................................... 60 SECTION 13.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. ........................ 60 SECTION 13.3 Redemption of Securities for Sinking Fund................................... 43.................................... 61 SECTION 14.1 Exemption from Individual Liability.......................................... 61

Sinking Funds. 42 Section 11.1. Applicability of Article.................................................... ...........................42 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... ....................................42 Section 11.3. Redemption of Securities for Sinking Fund................................... ..........43

Sinking Funds. 42 67 Section 11.1. 12.01 Applicability of Article.................................................... 42 ................................67 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ...67 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43...............67 iv 6 Page ---- ARTICLE 13 Defeasance and Covenant Defeasance.................................68

Sinking Funds. 42 64 Section 11.1. 12.01 Applicability of Article.................................................... 42 ......................................................... 64 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ............................ 64 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43........................................ 64 ARTICLE XIII DEFEASANCE......................................................................................... 65 Section 13.01 Applicability of Article......................................................... 65 Section 13.02 Legal Defeasance................................................................. 65

Sinking Funds. 42 86 Section 11.114.1. Applicability of Article.................................................... 42 ...................................86 Section 11.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities....................... 42 .............................................86 Section 11.314.3. Redemption of Debt Securities for Sinking Fund................................... 43.............87

Sinking Funds. 42 68 Section 11.11201. Applicability of Article.................................................... 42 ..............................................................68 Section 11.21202. Satisfaction of Sinking Fund Payments with Debt Securities....................... 42 ............................68 Section 11.31203. Redemption of Debt Securities for Sinking Fund................................... 43........................................69

Sinking Funds. 42 Section 11.1. Applicability 65 (S) 12.1.Applicability of Article.................................................... 42 Section 11.2. Satisfaction ............................................65 (S) 12.2.Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3. Redemption ...............65 (S) 12.3.Redemption of Securities for Sinking Fund................................... 43...........................66 ARTICLE 13

Sinking Funds. 42 Section 11.169 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2..............................69 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3............................................69 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43.............70 ARTICLE 13

Sinking Funds. 42 60 Section 11.11201. Applicability of Article.................................................... 42 .................................................60 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 ....................60 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43................................61 ARTICLE THIRTEEN

Sinking Funds. 42 74 Section 11.1. 12.01 Applicability of Article.................................................... 42 .................................................................... 74 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 ....................................... 75 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43................................................... 75 ARTICLE 13

Sinking Funds. 42 56 Section 11.1. 11.1 Applicability of Article.................................................... 42 ............................................................................ 56 Section 11.2. 11.2 Satisfaction of Sinking Fund Payments with With Securities....................... 42 ............................................... 57 Section 11.3. 11.3 Redemption of Securities for Sinking Fund................................... 43........................................................... 57 INDENTURE, dated as of __________ __, 200__, from ICOS CORPORATION, a Delaware corporation (the "Company"), as issuer, to _________________, a ____________ corporation, as Trustee (the "Trustee").

Sinking Funds. 42 90 Section 11.112.1. Applicability of Article.................................................... 42 Article ................................................. 90 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities .................... 90 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43Fund ................................ 91

Sinking Funds. 42 62 Section 11.1. 12.1 Applicability of Article.................................................... 42 ....................................................... 62 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .......................... 62 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43...................................... 63 TABLE OF CONTENTS (continued) Page ---- ARTICLE 13 DEFEASANCE AND COVENANT DEFEASANCE.................................................... 63

Sinking Funds. 42 44 Section 11.1. Applicability of Article.................................................... 42 Article ............................................................ 44 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities ............................... 44 Section 11.3. Redemption of Securities for Sinking Fund................................... 43Fund ........................................... 45

Sinking Funds. 42 45 Section 11.1. 12.01 Applicability of Article.................................................... 42 Article ............................................................... 45 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities .................................. 45 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43Fund .............................................. 45

Sinking Funds. 42 92 Section 11.11201. Applicability of Article.................................................... 42 .............................. 92 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 ....................................... 93 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43.................................................. 93 ARTICLE THIRTEEN Guarantee 93

Sinking Funds. 42 60 Section 11.11201. Applicability of Article.................................................... 42 Article ............................................. 60 Section 11.21202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities ................ 60 Section 11.31203. Redemption of Securities for Sinking Fund................................... 43Fund ............................ 61

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 ............................ 73 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ................................... 74 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43........... 74

Sinking Funds. 42 Section 11.165 SECTION 12.1. Applicability of Article.................................................... 42 Section 11.2...................................65 SECTION 12.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3......66 SECTION 12.3. Redemption of Securities for Sinking Fund................................... 43..................66

Sinking Funds. 42 71 Section 11.1. 11.1 Applicability of Article.................................................... 42 ......................... 71 Section 11.2. 11.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 ....................................... 72 Section 11.3. 11.3 Redemption of Securities for Sinking Fund................................... 43............................................. 72

Sinking Funds. 42 Section 11.1. Applicability of Article.................................................... 42 ....................................................... 50 Section 11.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 .......................... 51 Section 11.3. Redemption of Securities for Sinking Fund................................... 43...................................... 51

Sinking Funds. 42 Section 11.1. 12.1 Applicability of Article.................................................... 42 ..............................................................61 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 .................................61 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43.............................................61 ARTICLE XIII

Sinking Funds. 42 Section 11.166 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2...............................66 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3..66 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43..............66 ARTICLE THIRTEEN

Sinking Funds. 42 62 Section 11.1. 12.01 Applicability of Article.................................................... 42 ...............................62 Section 11.2. 12.02 Satisfaction of Sinking Fund Payments with Securities....................... 42 .............................................63 Section 11.3. 12.03 Redemption of Securities for Sinking Fund................................... 43..............63 ARTICLE XIII Subsidiary guarantee.........................................63

Sinking Funds. 42 52 Section 11.1. 11.1 Applicability of Article.................................................... 42 Article ................................. 52 Section 11.2. 11.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 With Securities .... 52 Section 11.3. 11.3 Redemption of Securities for Sinking Fund................................... 43Fund ................ 53

Sinking Funds. 42 Section 11.169 SECTION 1201. Applicability of Article.................................................... 42 Section 11.2............................................. 69 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities....................... 42 Section 11.3................ 69 SECTION 1203. Redemption of Securities for Sinking Fund................................... 43............................ 69

Sinking Funds. 42 51 Section 11.112.1. Applicability of Article.................................................... 42 ..............................................................51 Section 11.212.2. Satisfaction of Sinking Fund Payments with Securities....................... 42 .................................51 Section 11.312.3. Redemption of Securities for Sinking Fund................................... 43.............................................51 ARTICLE XIII

Sinking Funds. 42 65 Section 11.1. 12.1 Applicability of Article.................................................... 42 Article ....................................... 65 Section 11.2. 12.2 Satisfaction of Sinking Fund Payments with Securities....................... 42 Securities .......... 65 Section 11.3. 12.3 Redemption of Securities for Sinking Fund................................... 43Fund ...................... 65