Common use of TWELVE SINKING FUNDS Clause in Contracts

TWELVE SINKING FUNDS. 50 SECTION 12.01. Applicability of Article................................................................. 50 SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 SECTION 12.03. Redemption of Securities for Sinking Fund................................................ 51 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 SECTION 13.01. Applicability of Article................................................................. 55 SECTION 13.02. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03. Deposited Moneys and U.S. Government Obligations to Be Held in Trust..................... 57 SECTION 13.04. Repayment to Company..................................................................... 57 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58

TWELVE SINKING FUNDS. 50 SECTION 12.0163 Section 12.1. Applicability of Article................................................................. 50 SECTION 12.02........................................................63 Section 12.2. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 SECTION 12.03...........................63 Section 12.3. Redemption of Securities for Sinking Fund................................................ 51 .......................................63 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 SECTION 13.01........................................................................64 Section 13.1. Applicability of Article................................................................. 55 SECTION 13.02........................................................64 Section 13.2. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03Legal Defeasance................................................................64 Section 13.3. Covenant Defeasance.............................................................65 Section 13.4. Deposited Moneys Money and U.S. Government Obligations to Be be Held in Trust..................... 57 SECTION 13.04.............66 Section 13.5. Repayment to Company..................................................................... 57 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58; Qualifying Trustee........................................67

TWELVE SINKING FUNDS. 50 SECTION 12.01. Applicability of Article................................................................. .............................................................. 50 SECTION 12.02. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... ....................... 50 SECTION 12.03. Redemption of Securities for Sinking Fund................................................ 51 ............................................. 50 ARTICLE THIRTEEN DEFEASANCEDEFEASANCE ..................................................................................... 55 SECTION 13.01. Applicability of Article................................................................. .............................................................. 55 SECTION 13.02. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... ...................... 55 SECTION 13.03. Deposited Moneys and U.S. Government Obligations to Be Held in Trust..................... .................. 57 SECTION 13.04. Repayment to Company..................................................................... 57 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58.................................................................. 57

TWELVE SINKING FUNDS. 50 SECTION 12.0160 Section 12.1. Applicability of Article................................................................. 50 SECTION 12.02.....................................................60 Section 12.2. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 SECTION 12.03........................61 Section 12.3. Redemption of Securities for Sinking Fund................................................ 51 ....................................61 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 SECTION 13.01.....................................................................61 Section 13.1. Applicability of Article................................................................. 55 SECTION 13.02.....................................................61 Section 13.2. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03Legal Defeasance.............................................................61 Section 13.3. Covenant Defeasance..........................................................63 Section 13.4. Deposited Moneys Money and U.S. Government Obligations to Be be Held in Trust..................... 57 SECTION 13.04..........64 Section 13.5. Repayment to Company..................................................................... 57 ; Qualifying Trustee.....................................64 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58GUARANTEE OF SECURITIES........................................................65 Section 14.1. Unconditional Guarantee......................................................65 Section 14.2. Execution and Delivery of Notation of Guarantee..............................67 Section 14.3. Reports by Guarantor.........................................................67 Section 14.4. Subordination of Guarantees..................................................67

TWELVE SINKING FUNDS. 50 SECTION 12.0163 Section 12.1. Applicability of Article................................................................. 50 SECTION 12.02....................................63 Section 12.2. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 SECTION 12.03.......63 Section 12.3. Redemption of Securities for Sinking Fund................................................ 51 ...................63 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 SECTION 13.01..................................................64 Section 13.1. Applicability of Article................................................................. 55 SECTION 13.02....................................64 Section 13.2. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03Legal Defeasance............................................64 Section 13.3. Covenant Defeasance.........................................65 Section 13.4. Deposited Moneys Money and U.S. Government Obligations to Be be Held in Trust..................... 57 SECTION 13.04...............................................66 Section 13.5. Repayment to Company..................................................................... 57 ; Qualifying Trustee....................67 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58GUARANTEE OF SECURITIES.....................................67 Section 14.1. Unconditional Guarantee.....................................67 Section 14.2. Execution and Delivery of Notation of Guarantee.............69 Section 14.3. Reports by Guarantor........................................70

TWELVE SINKING FUNDS. 50 SECTION 12.0160 Section 12.1. Applicability of Article................................................................. 50 SECTION 12.02...........................................................60 Section 12.2. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 SECTION 12.03..............................61 Section 12.3. Redemption of Securities for Sinking Fund................................................ 51 ..........................................61 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 SECTION 13.01...........................................................................61 Section 13.1. Applicability of Article................................................................. 55 SECTION 13.02...........................................................61 Section 13.2. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 SECTION 13.03Legal Defeasance...................................................................61 Section 13.3. Covenant Defeasance................................................................63 Section 13.4. Deposited Moneys Money and U.S. Government Obligations to Be be Held in Trust..................... 57 SECTION 13.04................64 Section 13.5. Repayment to Company..................................................................... 57 ; Qualifying Trustee...........................................64 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58GUARANTEE OF SECURITIES..............................................................65 Section 14.1. Unconditional Guarantee............................................................65 Section 14.2. Execution and Delivery of Notation of Guarantee....................................67 Section 14.3. Reports by Guarantor...............................................................67 Section 14.4. Subordination of Guarantees........................................................67

TWELVE SINKING FUNDS. 50 55 SECTION 12.011201. Applicability of Article................................................................. 50 ....................................................55 SECTION 12.021202. Satisfaction of Mandatory Sinking Fund Payments with Securities.......................... 50 .......................55 SECTION 12.031203. Redemption of Securities for Sinking Fund................................................ 51 ...................................55 ARTICLE THIRTEEN DEFEASANCE..................................................................................... 55 ................................................................56 SECTION 13.011301. Applicability of Article................................................................. 55 ....................................................56 SECTION 13.021302. Defeasance Upon Deposit of Moneys or U.S. Government Obligations......................... 55 ............56 SECTION 13.031303. Deposited Moneys and U.S. Government Obligations to Be be Held in Trust..................... ..................................................................57 SECTION 13.041304. Repayment to Company..................................................................... 57 ARTICLE FOURTEEN SUBORDINATION.................................................................................. 58........................................................58 TESTIMONIUM.................................................................................59