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<br /> �
<br /> 77- UU7210
<br /> � First : To the payaent to the persons entitled
<br /> � thereto of a11 installments of interest when due ,
<br /> in the order of the maturity of the installments K `'' " ;;
<br /> of such interest . and , if the amount available - ',!,
<br /> shall not be sufficient to pay in fu11 any parti - � ,�
<br /> cular installment , then to the payment ratably , '
<br /> according to the amounts due on such installment , '
<br /> to the persons entitled thereto , without any
<br /> discrimination or privilege ;
<br /> �, -`
<br /> Second : To the payment to the persons entitled � '`
<br /> thereto of the unpaid principal of any of the bonds � ;,
<br /> which shall have become due ( other than bonds
<br /> called for redemp tion for the payment of which
<br /> moneys are neld pursuant to the provisions of
<br /> this Indenture ) , in the order of their due dates , �'
<br /> with interest on such bonds from the respective F, `
<br /> dates upon which they becor.ie due , and , if the
<br /> amount available shall not be sufficient to pay "
<br /> in fu11 bonds due on any pa- ticular date , together
<br /> with such interest , then to the payment ratably , " - �
<br /> according to the amount of principal due on such
<br /> date , to the persons entitled thereto without any , .
<br /> discrimination or privilege ; and a -
<br /> � `��
<br /> � „_
<br /> Third : To the paymer. t of the interest on and the � '
<br /> principal of the bonds , and to the redemption of � % :
<br /> bonds , a11 in accordance with the provisions of k :
<br /> this Indenture .
<br /> ����
<br /> <b ) If the principal of all the bonds shall have become � °
<br /> due or shall have been declared due and payable , a11
<br /> such moneys snall be applied to the payment of the ,
<br /> principal and interest then due and unpaid upon ;;�:;
<br /> the bonds , without preference or priority of � '
<br /> principal over interest or of interest over principal ,
<br /> or of any installment of interest ovez any othez
<br /> installment of interest , or of any bond over any , �i
<br /> other bond , ratably , according to the amouats due
<br /> respectively for principal and interest . to the
<br /> persons entitled thereto without any discrimination
<br /> or privilege .
<br /> ( c ) If the principal o = all the bonds shall have been
<br /> declared due and payable , and if such declaration
<br /> shall thereafter have been rescinded and annulled
<br /> under the provisions of Paragraph ( b ) of this
<br /> Section , in the event that the principal of all
<br /> bonds shall later become due or be declared due
<br /> and payable , the moneys shall be applied in accor -
<br /> dance with the provisions of Paragraph ( a) of
<br /> this Section .
<br /> Whenever moneys are to be applied by the Trustee puzsuant
<br /> to the provisions of this Section . such moneys shall be appl '_ ed
<br /> by it at such times , and from time to time , as it shall de -
<br /> termine . having dLe regar3 � o the amuunt of auch moneys
<br /> available for application and the likelihood of additional ,
<br /> ,
<br /> moneys becoming available for such application in the future . .��---- �
<br /> '�r: Whenever the Trustee shall apply such funds , it shall fix the
<br /> .t
<br /> - date (which shall be an interest payauat date unless it shall � `
<br /> � r
<br /> "` d.eem ano [her date more suitable ) upon which such application ""' �Y "'"..,�
<br /> '�
<br /> ; �,.,r. �w: .;-,.,.
<br /> , �
<br /> ,
<br /> is to be mad� atsd upon such date , interest on the amounts of
<br /> _ �
<br /> � 53 J
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