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office of the Registrar specified on the face hereof, but only in the manner
<br />and subject to the limitations provided in the Indenture. This Bond is
<br />transferable at the office of the Registrar, by the Holder in person or by his
<br />attorney, duly authorized in writing, upon presentation and surrender hereof
<br />to the Registrar. The Registrar is not required to transfer or exchange (i)
<br />this Bond during a period beginning at the opening of business 15 days before
<br />the day of the mailing of a notice of redemption of Bonds and ending at the
<br />close of business on the day of such mailing, or (ii) any portion of this Bond
<br />so selected for redemption in whole or in part.
<br />
<br /> The Bonds are subject to redemption prior to stated maturity pursuant
<br />to first class mailed notice thereof given 30 days prior to the redemption
<br />date, as follows:
<br />
<br /> 1. The Bonds are subject to mandatory sinking fund redemption at a
<br />redemption price of 100 percent of the principal amount redeemed plus interest
<br />accrued to the redemption date, on June 1 and December 1 in the following
<br />principal amounts in the years specified:
<br />
<br />Date Amount Date Amount
<br />
<br />June 1, 1988
<br />December 1, 1988
<br />June 1, 1989
<br />December 10 1989
<br />June 1, 1990
<br />December 1, 1990
<br />June 1, 1991
<br />December 1, 1991
<br />June 1, 1992
<br />December 1, 1992
<br />June 1, 1993
<br />December 1, 1993
<br />June 1, 1994
<br />December 1, 1994
<br />June 1, 1995
<br />
<br />$25,000
<br /> 5,000
<br /> 5,000
<br /> 10,000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 10 000
<br /> 15 000
<br /> 15,000
<br /> 15,000
<br /> 15,000
<br />
<br />December 1, 1995
<br />June 1, 1996
<br />December 1, 1996
<br />June 1, 1997
<br />December 1, 1997
<br />June 1, 1998
<br />December 1, 1998
<br />June :L, 1999
<br />December 1, 1999
<br />June :L, 2000
<br />December 1, 2000
<br />June 1, 2001
<br />December 1, 2001
<br />June :L, 2002
<br />
<br />$15,000
<br /> 15,000
<br /> 20,000
<br /> 20,000
<br /> 20,000
<br /> 20,000
<br /> 25,000
<br /> 25,000
<br /> 25,000
<br /> 30,000
<br /> 30,000
<br /> 30,000
<br /> 35,000
<br /> 35,000
<br />
<br />If retired only by mandatory sinking fund redemption prior to their stated
<br />maturity, there would remain $1,260,000 principal amount of Bonds due
<br />September 1, 2002, to be paid at maturity. THE FIRST SUPPLEMENTAL TRUST
<br />INDENTURE REFERRED TO ABOVE PERMITS THE PAYMENT OF PRINCIPAL ON THE BONDS IN
<br />CERTAIN SPECIFIED AMOUNTS WHICH ARE LESS THAN THE AMOUNTS SET FORTH IN THE
<br />SCHEDULE ABOVE; IF 'PAID IN THE AMOUNTS AND ON THE DATES REQUIRED BY SUCH FIRST
<br />SUPPLEMENTAL TRUST INDENTURE, THE PAYMENT OF SUCH LESSER AMOUNTS SHALL NOT
<br />CONSTITUTE AN EVENT OF DEFAULT UNDER THE INDENTURE OR WITH RESPECT TO THE
<br />BONDS.
<br />
<br /> 2. The Bonds are subject to extraordinary optional redemption by the
<br />Issuer, at the Company's or the Holder's option, if events described in
<br />Section 6.2 of the Agreement occur, (a) at any time in whole, or (b) on any
<br />Interest Payment Date in part upon condemnation of part of the Prosec~, as
<br />
<br />
<br />
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