Common use of Terms of the Debentures Clause in Contracts

Terms of the Debentures. (a) [The Debentures shall bear interest at the rate of [_____%] per annum on the principal amount thereof from the date of issuance until the principal of the Debentures becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on this Debenture will be payable [semiannually][quarterly] in arrears on __________ [, __________, __________] and __________ of each year (each such date, an "Interest Payment Date"), commencing __________.] [If the Debentures are not to bear interest prior to Stated Maturity, insert - The principal of the Debentures shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate of [yield to maturity]% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal or premium shall be payable on demand. Any such interest on any overdue principal or premium that is not so paid on demand shall bear interest at the rate of [yield to maturity]% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall also be payable on demand.]

Terms of the Debentures. (a) [The Debentures shall bear interest at the rate of [_____%] % per annum on the principal amount thereof from the date of issuance until the principal of the Debentures becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on this Debenture will be payable [semiannually][quarterly] in arrears on __________ [, __________, __________] and __________ of each year (each such date, an "Interest Payment Date"), commencing __________.] [If the Debentures are not to bear interest prior to Stated Maturity, insert - insert] [The principal of the Debentures shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium shall bear interest at the rate of [yield to maturity]% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such default in payment to the date payment of such principal has been made or duly provided for. Interest on any overdue principal or premium shall be payable on demand. Any such interest on any overdue principal or premium that is not so paid on demand shall bear interest at the rate of [yield to maturity]% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made or duly provided for, and such interest shall also be payable on demand.]

Terms of the Debentures. (a) [The Debentures shall bear interest at the rate of [_____%] per annum on the principal amount thereof from the date of issuance until the principal of the Debentures becomes due and payable, and on any overdue principal and premium and (to the extent that payment of such interest is enforceable under applicable law) on any overdue installment of interest at the same rate per annum during such overdue period. Interest on this Debenture will be payable [semiannually][quarterly] in arrears on __________ [, __________, __________] and __________ of each year (each such date, an "Interest Payment Date"), commencing __________.] [If the Debentures are not to bear interest prior to Stated Maturity, insert - The principal terms of the Debentures shall not bear interest except be as follows: (1) the Securities to be issued under the Indenture and this Sixth Supplemental Indenture shall be the Debentures and shall be designated as the "7% Debentures Due 2025"; (2) the Debentures shall constitute a single series of the Securities under the Indenture, which series is limited in aggregate principal amount to $150,000,000; (3) so long as any Debentures are registered in the case name of CEDE & Co., or any other nominee of The Depository Trust Company, and are intended to be Book-Entry Securities, the provisions of Section 311 of the Indenture shall apply to such Debentures. Thereafter the Debentures may be subjected to the requirements of a default successor book-entry securities system that may be adopted by the Company in payment accordance with the provisions of principal upon acceleration, upon redemption or at Stated Maturity the Indenture and in such case this Sixth Supplemental Indenture; (4) interest on each of the overdue principal and any overdue premium Debentures shall bear interest be payable at the rate of [yield to maturity]% per annum (to specified in the extent that designation of the payment of such interest shall be legally enforceable)Debenture from October 20, which shall accrue 1995, or from the date of such default in payment most recent Interest Payment Date to the date payment of such principal has been made or duly provided for. Interest on any overdue principal or premium shall be payable on demand. Any such interest on any overdue principal or premium that is not so paid on demand shall bear interest at the rate of [yield to maturity]% per annum (to the extent that the payment of such interest shall be legally enforceable), which shall accrue from the date of such demand for payment to the date payment of such interest has been made paid or duly provided for, semi-annually, on May 1 and November 1 in each year, commencing on May 1, 1996. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Person in whose name such Debenture (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the April 15 or October 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any interest shall also not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on demandsuch Regular Record Date by virtue of having been such a Holder and shall be paid by the Company as provided in Section 307 of the Indenture; (5) unless otherwise provided with respect to a Book- Entry Security or pursuant to any successor book-entry security system or similar system, payments of interest will be made by check mailed to the Holder of each Debenture at the address shown in the Security Register or, at the option of the Holder, to such other place in the United States of America as the Holder shall designate to the Trustee in writing. The principal amount of the Debentures will be paid at Maturity by check against presentation of the Debentures at the office or agency of Chemical Bank, as Trustee, in New York, New York, or such other address in New York, New York, as the Trustee shall designate by written notice to the Holders of the Debentures; (6) the Debentures shall be issued in registered form only and in denominations of $1,000 or any amount in excess thereof which is an integral multiple of $1,000; (7) principal and interest on the Debentures shall be payable in the coin or currency of the United States of America, which, at the time of payment, is legal tender for public and private debts; and (8) the Debentures shall be subject to defeasance, at the Company's option, as provided for in Sections 1302 and 1303 of the Indenture. Upon the Company's exercise of the option to effect such defeasance under Section 1302 and 1303 of the Indenture in accordance with and subject to the terms thereof, the Company shall be released from its obligations with respect to the Debentures as provided in the applicable Section and other relevant provisions of the Indenture. Section 4.]