1983-102 - Laserfiche WebLink

Home Browse Search

AR'ricu; XI I ,~112:~ ;Ju~DS OEE:MED PAID~ BONDS NOT PRESENTED FOR PAYMENT ~action 12.1 Bonds Deemed No Longe r Outstanding. Any '.lonJ dh,'l l l no longer be deemed to be Outstanding hereunder when p3ymenc ,>f the principal of and the applicable redemption, if any, oi, suci1 3ond plus interest on such pri.,.::ipal to the due date thereat (whether such due date be by reason of maturity or upon reJerapt1on or by declaration as provided in Section 9.2(a) herl?ot, ·)t' other-..J ise), either {a) shall have been made or caused to :>c .:1<1,le in .iccordance with the terms thereof, or (bl shall hav~ been provided by irrevocably depositing with the Trustee and i:.-r,?voc,'lbly .:ippropriated and se t aside e>eclusively for such pay:n.~nt ( l) mon e y sufficient to make such payment or (2) Invesc..nent Securities maturing as to principal and interest in suc:1 1.~ciunt 1nd at such times as will insure the availability of suf.::ic1cnc ::1oney to make such payment; and all necessary and prO~dr fdes, compensation and expenses of the Trustee and Paying i\:Jll:1t. :>~rt;i1ning to the Bond 1'1ith r-espect to which such deposit is ::i..tJ~ shall have been paid o r the payment thereof provided for to the 1.it.isfaction of the Trustee and Paying Agent. At such ::.i:n,~ ,1s .1 i3ond :1hall be deemed to be no longer' Outstanding hdraunJcr, as aforesaid, such Bond shall cease to draw interest from the ,tue <late thereof (whether such due date be by reason of ~ac~rity, or upon redemption or by declaration as aforesaid, or ~ther~L3C) 3nd, e>e c ept for the purposes of any such payment from such ::1oney r>r Investment S ecurities, shall no longer be secure,1 by or d ~titl ed to the benefits of th is Indenture. Any ~uch money .so deposited with the Trust ee as pro- ., i.Je<l i.n this Section may at the direction of the l ssuer also be invested ~nd reinvested in Investment Securities maturing in the .,.noun ts anJ times as hereinbefore se t forth. ~otwithstanding any provision of any other Section of thi5 InrJentllre which may be contrary to the provisions of th is Section, ,1.Ll ;noney or Inv estment Securities se t aside ,:md held in tr~st pursuant to the provisions of this Section for the pay- .nent. -:if tlonJs (including interest and premium thereon, if any) sh,1 t L :)e ,.ippl ieticul~r uonJ (including interest a nd pr-emium the reon, if any) ·,1ith r espect to which such money a nd Cnvestment Securities hav'.? bcun 30 det dsiJe in trugt, Anything in t\rticle XI hereof tu the contraC"y not- ,..i th~t.1n<l i.nJ, if mone y or Investment Sec:urities h;ive been Lle- po sit:::u <Jr se t aside with the 'l'rusted p ursu.int to this s~ction -73-