Common use of Sinking Funds Clause in Contracts

Sinking Funds. 80 Section 12.1. Applicability of Article.................................................. 80 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3. Redemption of Securities for Sinking Fund................................. 81

Sinking Funds. 80 91 Section 12.114.1. Applicability of Article.................................................. 80 .......................................91 Section 12.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ..................................................91 Section 12.314.3. Redemption of Debt Securities for Sinking Fund................................. 81.................91 ARTICLE XV.....................................................................................93 DEFEASANCE...................................................................93

Sinking Funds. 80 86 Section 12.114.1. Applicability of Article.................................................. 80 ...................................86 Section 12.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 .............................................86 Section 12.314.3. Redemption of Debt Securities for Sinking Fund................................. 81.............87

Sinking Funds. 80 Section 12.159 SECTION 1301. Applicability of Article.................................................. 80 Section 12.2...................................................................................59 SECTION 1302. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3......................................................60 SECTION 1303. Redemption of Securities for Sinking Fund................................. 81..................................................................60 ARTICLE FOURTEEN REPAYMENT AT THE OPTION OF HOLDERS.....................................................................61 SECTION 1401. Applicability of Article...................................................................................61 ARTICLE FIFTEEN MEETINGS OF HOLDERS OF SECURITIES.................................................................61

Sinking Funds. 80 90 Section 12.1. Applicability of Article.................................................. 80 Article ................................................. 90 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 Securities .................... 90 Section 12.3. Redemption of Securities for Sinking Fund................................. 81Fund ................................ 91

Sinking Funds. 80 Section 12.163 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2Article ..............................................................................63 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3Securities ............................63 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81...............................................63 ARTICLE 13 Repayment at Option of Holders ............................................................................64 SECTION 1301. Applicability of Article ..............................................................................64 SECTION 1302. Repayment of Securities ............................................................................65

Sinking Funds. 80 69 Section 12.1. Applicability of Article.................................................. 80 ................................................................69 Section 12.2. Satisfaction of Sinking Fund Payments with With Securities..................... 81 ...................................70 Section 12.3. Redemption of Securities for Sinking Fund................................. 81...............................................70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS............................................................................71 Section 13.1. Applicability of Article................................................................71

Sinking Funds. 80 70 Section 12.1. Applicability of Article.................................................. 80 .....................................................70 Section 12.2. Satisfaction of Sinking Fund Payments with With Securities..................... 81 ........................70 Section 12.3. Redemption of Securities for Sinking Fund................................. 81....................................71 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS.........................................................71 Section 13.1. Applicability of Article.....................................................71

Sinking Funds. 80 90 Section 12.114.1. Applicability of Article.................................................. 80 Articles......................................90 Section 12.214.2. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ...........................................................91 Section 12.314.3. Redemption of Debt Securities for Sinking Fund................................. 81.................91 ARTICLE XV.....................................................................................93

Sinking Funds. 80 69 Section 12.11201. Applicability of Article.................................................. 80 .....................................................................69 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities..................... 81 ........................................69 Section 12.31203. Redemption of Securities for Sinking Fund................................. 81....................................................69 TESTIMONIUM.................................................................................................70

Sinking Funds. 80 Section 12.171 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2.............................................. 71 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3................. 72 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81............................. 72 ARTICLE THIRTEEN..................................................................... 73 REPAYMENT AT THE OPTION OF HOLDERS................................................... 73 SECTION 1301. Applicability of Article.............................................. 73 ARTICLE FOURTEEN..................................................................... 73

Sinking Funds. 80 Section 12.163 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2................................................63 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3...................64 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81...............................64 ARTICLE THIRTEEN REPAYMENT AT THE OPTION OF HOLDERS..........................................................64 SECTION 1301. Applicability of Article................................................64 SECTION 1302. Repayment of Securities.................................................65

Sinking Funds. 80 64 Section 12.1. 12.01 Applicability of Article.................................................. 80 ......................................................... 64 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities..................... 81 ............................ 64 Section 12.3. 12.03 Redemption of Securities for Sinking Fund................................. 81........................................ 64 ARTICLE XIII DEFEASANCE......................................................................................... 65 Section 13.01 Applicability of Article......................................................... 65 Section 13.02 Legal Defeasance................................................................. 65

Sinking Funds. 80 88 Section 12.1. Applicability of Article.................................................. 80 ..........................................................................88 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 .............................................88 Section 12.3. Redemption of Securities for Sinking Fund................................. 81.........................................................89

Sinking Funds. 80 39 Section 12.1. 12.01 Applicability of Article.................................................. 80 ...................................................................... 39 -iii- TABLE OF CONTENTS (continued) PAGE Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities..................... 81 ......................................... 39 Section 12.3. 12.03 Redemption of Securities for Sinking Fund................................. 81..................................................... 39 ARTICLE XIII REDEMPTION UPON A DESIGNATED EVENT AND A RATING DECLINE................................................ 40

Sinking Funds. 80 Section 12.186 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2..................................................................86 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3.....................................87 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81.................................................87 ARTICLE THIRTEEN.................................................................................................88

Sinking Funds. 80 Section 12.111.1. Applicability of Article.................................................. 80 ....................................................................... Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 .......................................... Section 12.311.3. Redemption of Securities for Sinking Fund................................. 81...................................................... A-(iv) 5 OUTDOOR SYSTEMS, INC. Cross-reference Table Trust Indenture Act Section Indenture Section ----------- -----------------

Sinking Funds. 80 Section 12.1. 60 SECTION 13.1 Applicability of Article.................................................. 80 Section 12.2. ..................................................... 60 SECTION 13.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3. ........................ 60 SECTION 13.3 Redemption of Securities for Sinking Fund................................. 81.................................... 61 SECTION 14.1 Exemption from Individual Liability.......................................... 61

Sinking Funds. 80 60 Section 12.112.01. Applicability of Of Article.................................................. 80 .........................................................60 Section 12.212.02. Satisfaction of Of Sinking Fund Payments with With Securities..................... 81 ............................60 Section 12.312.03. Redemption of Of Securities for For Sinking Fund................................. 81........................................60 EXHIBIT A - FORM OF SECURITIES.................................................................................A-1

Sinking Funds. 80 44 Section 12.111.1. Applicability of Article.................................................. 80 Article ......................................................................................................................................................................44 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 ................................................................................................................44 Section 12.311.3. Redemption of Securities for Sinking Fund................................. 81Fund ....................................................................................................................................45 Section 310(a)(1) 7.10

Sinking Funds. 80 75 Section 12.114.01. Applicability of Article.................................................. 80 .................. 75 Section 12.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ........... 75 Section 12.314.03. Redemption of Debt Securities for Sinking Fund................................. 81............................ 76 ARTICLE FIFTEEN

Sinking Funds. 80 Section 12.161 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2..........................................................................61 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3.............................................61 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81.........................................................61 ARTICLE THIRTEEN SUBORDINATION....................................................................................................62

Sinking Funds. 80 58 Section 12.112.01. Applicability of Article.................................................. 80 ..................................................... 58 Section 12.212.02. Satisfaction of Sinking Fund Payments with Securities..................... 81 ........................ 58 Section 12.312.03. Redemption of Securities for Sinking Fund................................. 81.................................... 59 ARTICLE XIII SUBORDINATION.............................................................................. 61

Sinking Funds. 80 72 Section 12.1. 15.1 Applicability of Article.................................................. 80 ..................................72 Section 12.2. 15.2 Satisfaction of Mandatory Sinking Fund Payments Payment with Securities..................... 81 ............................................73 Section 12.3. 15.3 Redemption of Securities for Sinking Fund................................. 81.................73

Sinking Funds. 80 62 Section 12.1. 12.1 Applicability of Article.................................................. 80 ....................................................... 62 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 .......................... 62 Section 12.3. 12.3 Redemption of Securities for Sinking Fund................................. 81...................................... 63 TABLE OF CONTENTS (continued) Page ---- ARTICLE 13 DEFEASANCE AND COVENANT DEFEASANCE.................................................... 63

Sinking Funds. 80 89 Section 12.1. Applicability of Article.................................................. 80 ................................................................89 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 ...................................89 Section 12.3. Redemption of Securities for Sinking Fund................................. 81...............................................89 ARTICLE 13 Meetings of Holders of Securities.........................................................................90

Sinking Funds. 80 76 Section 12.11201. Applicability of Article.................................................. 80 ....................................................76 Section 12.21202. Satisfaction of Sinking Fund Payments with Debt Securities..................... 81 ..................76 Section 12.31203. Redemption of Debt Securities for Sinking Fund................................. 81..............................76 ARTICLE XIII. REPAYMENT AT THE OPTION OF HOLDERS..........................................77

Sinking Funds. 80 69 Section 12.1. Applicability of Article.................................................. 80 ...................................... 69 Section 12.2. Satisfaction of Sinking Fund Payments with With Securities..................... 81 ......... 69 Section 12.3. Redemption of Securities for Sinking Fund................................. 81..................... 70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS..................................... 70 Section 13.1. Applicability of Article...................................... 70

Sinking Funds. 80 69 Section 12.1. Applicability of Article.................................................. 80 .............................................69 Section 12.2. Satisfaction of Sinking Fund Payments with With Securities..................... 81 ................70 Section 12.3. Redemption of Securities for Sinking Fund................................. 81............................70 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS...........................................71 Section 13.1. Applicability of Article.............................................71

Sinking Funds. 80 78 Section 12.114.01. Applicability of Article.................................................. 80 Article ...........................................78 Section 12.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ..........................................................79 Section 12.314.03. Redemption of Debt Securities for Sinking Fund................................. 81Fund .....................79 ARTICLE XV DEFEASANCE .........................................................................81 Section 15.01. Applicability of Article ...........................................81 Section 15.02. Defeasance Upon Deposit of Moneys or U.S. Government Obligations....81 Section 15.03. Deposited Moneys and U.S. Government Obligations to Be Held in Trust...............................................................82 Section 15.04. Repayment to Company................................................83 ARTICLE XVI

Sinking Funds. 80 Section 12.167 SECTION 13.01. Applicability of Article.................................................. 80 Section 12.2Article ..................................................................... 67 SECTION 13.02. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3Securities ........................................ 68 SECTION 13.03. Redemption of Securities for Sinking FundFund .................................................... 68 ARTICLE FOURTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS ................................. 8169 SECTION 14.01. Exemption from Individual Liability ............................................. 69

Sinking Funds. 80 83 Section 12.114.01. Applicability of Article.................................................. 80 ..............................83 Section 12.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ..................84 Section 12.314.03. Redemption of Debt Securities for Sinking Fund................................. 81........84 ARTICLE FIFTEEN DEFEASANCE............................................................86

Sinking Funds. 80 Section 12.1. 12.1 Applicability of Article.................................................. 80 ...................................................73 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 ......................73 Section 12.3. 12.3 Redemption of Securities for Sinking Fund................................. 81..................................74 ARTICLE 13 REPAYMENT AT THE OPTION OF HOLDERS Section 13.1 Applicability of Article...................................................74

Sinking Funds. 80 69 Section 12.1. 12.01 Applicability of Article.................................................. 80 ..........................................................69 Section 12.2. 12.02 Satisfaction of Sinking Fund Payments with Securities..................... 81 .............................69 ..................................................................................69 Section 12.3. 12.03 Redemption of Securities for Sinking Fund................................. 81.........................................70 Section 13.01 Applicability of Article; Issuers' Option to Effect Defeasance or Covenant Defeasance 70 Section 13.02 Defeasance and Discharge..........................................................70 Section 13.03

Sinking Funds. 80 1 Section 12.1. 12.1 Applicability of Article.................................................. 80 ................................................................ 1 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 ................................... 1 Section 12.3. 12.3 Redemption of Securities for Sinking Fund................................. 81............................................... 1 ARTICLE 13.

Sinking Funds. 80 45 Section 12.111.1. Applicability of Article.................................................. 80 ..................................................................45 Section 12.211.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 .....................................45 Section 12.311.3. Redemption of Securities for Sinking Fund................................. 81.................................................46 CHANCELLOR MEDIA CORPORATION Cross-Reference Table

Sinking Funds. 80 Section 12.162 SECTION 13.01. Applicability of Article.................................................. 80 Section 12.2.......................................................... 62 SECTION 13.02. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3............................. 63 SECTION 13.03. Redemption of Securities for Sinking Fund................................. 81......................................... 63 ARTICLE FOURTEEN IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS........................... 63 SECTION 14.01. Exemption from Individual Liability............................................... 63

Sinking Funds. 80 Section 12.1. 71 SECTION 12.1 Applicability of Article.................................................. 80 Section 12.2. ..................................................................71 SECTION 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3. .....................................71 SECTION 12.3 Redemption of Securities for Sinking Fund................................. 81.................................................72

Sinking Funds. 80 Section 12.1. 72 SECTION 12.01 Applicability of Article.................................................. 80 Section 12.2. ...........................................72 SECTION 12.02 Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3. ..............73 SECTION 12.03 Redemption of Securities for Sinking Fund................................. 81..........................73 ARTICLE XIII. - REPAYMENT AT THE OPTION OF HOLDERS...............................................73 SECTION 13.01 Applicability of Article...........................................73 -iv- TABLE OF CONTENTS ----------------- (continued)

Sinking Funds. 80 89 Section 12.112.01. Applicability of Article.................................................. 80 .......................................................89 Section 12.212.02. Satisfaction of Sinking Fund Payments with Securities..................... 81 ..........................89 Section 12.312.03. Redemption of Securities for Sinking Fund................................. 81......................................89 ARTICLE THIRTEEN....................................................................................90

Sinking Funds. 80 Section 12.1sec. 5.01. Applicability of Article.................................................. 80 Section 12.2............................ 37 sec. 5.02. Satisfaction of Mandatory Sinking Fund Payments with Securities..................... 81 Section 12.3........................................ 37 sec. 5.03. Redemption of Securities for Sinking Fund................................. 81........... 38 ARTICLE SIX. CERTAIN COVENANTS OF THE COMPANY. sec. 6.01.

Sinking Funds. 80 Section 12.1. 68 SECTION 12.1 Applicability of This Article.................................................. 80 Section 12.2. ...........................................................68 SECTION 12.2 Satisfaction of Sinking Fund Payments with With Debt Securities..................... 81 Section 12.3. .........................................................................69 SECTION 12.3 Redemption of Debt Securities for Sinking Fund................................. 81............................................................................69 AMERICAN FINANCIAL GROUP, INC. Reconciliation and tie showing the location in the Indenture dated as of _____________________, 1997 of the provisions inserted pursuant to Sections 310 through 318(a), inclusive, of the Trust Indenture Act of 1939.

Sinking Funds. 80 78 Section 12.114.01. Applicability of Article.................................................. 80 ..................................................78 Section 12.214.02. Satisfaction of Mandatory Sinking Fund Payments with Debt Securities..................... 81 ......78 Section 12.314.03. Redemption of Debt Securities for Sinking Fund................................. 81............................78 ARTICLE XV

Sinking Funds. 80 Section 12.1. 12.1 Applicability of Article.................................................. 80 .......................................................................73 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 ..........................................74 Section 12.3. 12.3 Redemption of Securities for Sinking Fund................................. 81......................................................74 ARTICLE 13 REPAYMENT AT THE OPTION OF HOLDERS Section 13.1 Applicability of Article.......................................................................75

Sinking Funds. 80 85 Section 12.1. Applicability of Article.................................................. 80 ...................................................85 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 ......................85 Section 12.3. Redemption of Securities for Sinking Fund................................. 81..................................86

Sinking Funds. 80 77 Section 12.1. 12.1 Applicability of Article.................................................. 80 ...................................................................77 Section 12.2. 12.2 Satisfaction of Sinking Fund Payments with Securities..................... 81 ......................................77 Section 12.3. 12.3 Redemption of Securities for Sinking Fund................................. 81..................................................78 ARTICLE 13. REPAYMENT AT THE OPTION OF HOLDERS................................................................78 Section 13.1 Applicability of Article...................................................................78

Sinking Funds. 80 Section 12.160 SECTION 1201. Applicability of Article.................................................. 80 Section 12.2........................................................................ 60 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities..................... 81 Section 12.3........................................... 60 SECTION 1203. Redemption of Securities for Sinking Fund................................. 81....................................................... 60 ARTICLE XIII DEFEASANCE .................................................... 61 SECTION 1301. Applicability of Article........................................................................ 61 SECTION 1302. Legal Defeasance................................................................................ 61

Sinking Funds. 80 51 Section 12.11201. Applicability of Article.................................................. 80 ............................................................... 51 Section 12.21202. Satisfaction of Sinking Fund Payments with Securities..................... 81 .................................. 51 Section 12.31203. Redemption of Securities for Sinking Fund................................. 81.............................................. 52 ARTICLE 13 DEFEASANCE................................................................................... 52 Section 1301. Company's Option to Effect Defeasance.................................................. 52 Section 1302. Defeasance and Discharge............................................................... 52 Section 1303. Conditions to Defeasance............................................................... 53

Sinking Funds. 80 78 Section 12.1. Applicability of Article.................................................. 80 ............................78 Section 12.2. Satisfaction of Sinking Fund Payments with Securities..................... 81 ..........................................78 Section 12.3. Redemption of Securities for Sinking Fund................................. 81...........78 ARTICLE 13 Meetings of Holders of Securities........................................79 Section 13.1. Purposes for Which Meetings May Be Called.........