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� � � <br /> e <br /> I. . <br /> � <br /> i ' . <br /> 9a�-�- 10365� <br /> (b3 direetly or indifeelly put�h�ee� redeem or retire any sha�es of its <br /> �� capitwl �rtock ef sny el�sa or �ny w�r�anty, rl�hts or options to pureh4se o� aequire <br /> •ny she�ees of its c�pit�l �tock; or <br /> ; te) m�ke •ny othe� di�t�ibution� eitAer di�eetly or indi�ertly, in respeet <br /> ot i1s stock ot any cl�. <br /> (su�h deel�rations ar p�yments o! ciiv�ldend�, pue�huea� redemptions or retirements o! ' <br /> ' eapitsl stac6c a��1 war�sn4:� riQhts ar options, and all tueh othe� di�tri�utlons bein� Aerein <br /> " rnliretively cal{ea "Ratrict�d P�ymenU")� if •tter �ivin� effeet the�eta the a��e�ate <br /> � � dmouni of Kestrieted Payments m�de du�in� the peetod from s�nd slter June 30� 1988 ta <br /> ' ' � •nd includin� the datt of the makin� of the Restricted P�yment in question� wnuld exceed , <br /> ` the sum of (i) ;1S�OOO�OQO plus (or minus in the esse of a deti�it��t��) 10046 of net ea�nin�s <br /> of the Compsny for sueh pertod, plu� (ii6) 10091E� ot the net cash proceeds to the Compsny <br /> � t�um the is�ue o� sate ot sh�res at capital atork oi the Cosnp�ny or w�crants, ri�hts or <br /> ; vptions tu purchase or �cquf�e •ny aha�es ot the Company'a capiti! ytoek� eomputed on a <br /> oumulstive bwsis tor said entl��pe�iud. <br /> , S�etion 2.03. Thc Company covenants that in sddltion to the reyui�ements <br /> �untafncd elscswhere in the Indenture far thc isswnce of additi�n�ri bonds. it wii! nut <br /> c•reetr. guerantee, •ssume or btcume ii«ble, ditec•tly or indi�ectt.e�� in rtspret ot �ny , _ <br /> 1'undeA 1)ebl ather thsn: � ` <br /> `:�, <br /> (1) liundsut �ericsh; . ::� <br /> (2) banQs fssued pursuaut tu Artlelc Four (bonQs fo� �etunCing purposes), =- <br /> Articic 1'ivc (bunQs a�ainst physicwl property �ddillon�c) •nd Articic Six (bands , <br /> , egeinst z•ash) ot the U�f�inil Indentuec anA underlxin� bonds prrmitted by �ectians = <br /> ?.06 �nd ?.10 af Artiele Sevcn ot thc C)ti�inal irtdenture. prnvided th�t s1 the time <br /> ut issua�re �r incur�ence thereof end �tter giving effect theeeto anQ to the <br /> � epplicatiun ot the pr�eteas tt�ereot: <br /> � <br /> . , (a1 net earnir.gs of th� Company for e period r,f 12 c.•onsecutive � <br /> �elendsr munths w�thfn ihe �mmedistely preoeding 15 calentie� monihs arere <br /> � at lcest twa t�mes ennunl bc�r►t1 inte;rast ehar�es; <br /> (b! Lhc aQgec�etc� prineipal amnunt of :�ecurea Uebt a�' ihe <br />' ('umpany shetl nui exc�ed 655�of `�otal Cegtialixstion; end <br /> (c) thr agQre�ete prineipal �mount of f'undcQ 1)ebt uf the „i,,, <br /> C'umpany shdEi nc�t exrec0 ?05b of Total Cep'st�lizetiQr:: <br /> �� <br /> (3! unsecurrd F'wid�d f)ebt� providrd that at tha Ume ut issuanc r dnd ' <br /> aPta�r gsving t•fieet thc�eto anti to i�c eppiicstian of thc p�oercds there�ts . <br /> c•: <br /> {e) tRe net earninKs of the Cnmpeny for e pe�ioQ oF 12 cunsecutive <br /> calendar mc�nt�s wit�in tne irnmedi�tcl� pcer.�Aing 15 eaiendt�r months were <br /> � r�t feasL two times t�c� pr.r�uai inieresf cf��er�es vn h3E rt�ricied t3rGt v€ ti-�L <br /> Cc,mpany; �nr! <br /> , <br /> � !u <br /> .-F =-- <br /> � � � <br /> �� <br /> ��� <br /> L,. _.._J <br />