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010643 <br />(such nou-excepted declarations or payments of divi( <br />stock, and alEsuch other distributions being herein c( <br />after giving effect thereto, (i) the aggregate amount i <br />from December 31, 1974 to and including the date of <br />tion, will not exceed the sum of $5,000,000 plus (or in <br />Company available for dividends for such period (c <br />period), and (ii) the aggregate principal amount of Fu <br />of Total Capitalization. <br />SECTION 2.03. The Company.covenants that in a <br />in the Indenture for the issuance of additional bonds <br />liable, directly or indirectly�,� in respect of any Funded <br />(1) Bonds of Series H; <br />(2) bonds issued pursuant to Article Four ( <br />(bonds against cash) of:tlic Original Indenture, p <br />giving effect thereto and to the application of the <br />for a per ' iod of 12 consecutive calend.ar months <br />months were at least two times annuallabond intere <br />(3) bonds issued pursuant to Article Five (bc <br />Original4ndenture, provided that at the time of <br />the appli6ation of the proceeds thereof: <br />it. the aggregate principal amount of Sect <br />of Total Capitalization; and <br />1). the aggregate principal amount of <br />of Total Capitalization. I <br />(4) unsecured Funded Debt, provided that a <br />thereto and to the application of the proceeds there <br />(a) the net earnings of the Company fo <br />within the immediately preceding 15 calendar <br />terest charges on all Funded Debt.of the Com <br />(b) the aggregate principal a�nount of F <br />70% of Total Capitalization. <br />(5) Secured Debt permitted by Sections 7.06 <br />denture. <br />For purposes of this Section 2.03, the terms "net e� <br />terest charges shall have dic meaning set f.ortli in Secti <br />Prior to Pie issuance of additional bonds, the Cor <br />certificate, dated the (late of authentication and delive <br />detail, compliance with the applicable provisions of this <br />S1.x:.r1(),, 2.04. For purposes of this Article Two <br />"Indebted;,zess" of any corporation sliall!include all <br />ance w <br />ith gencrally accepted accounting principles shal <br />poration as liabilities of such corporation, and in any c <br />monetary obligations of such corporation, (b) obligati <br />9 <br />ds, purchases, redemptions or Ire.tirements of <br />Aiv! ly called "kestricted PiyT'6 <br />, 9 n m ts") unless,. <br />lestricted Pay' rn�cnts made during. the period <br />making of the Restricted Pa�rncnt in ques- <br />s, in case of a deficit) the net earnings of the <br />puted on it cumulative basis. for said entire <br />d Debt of the C6mpany shall not exceed 70% <br />ion to the requirements contained elsewherb <br />,vill not create, guarantee, assume' or become <br />A other than: <br />ids: for refunding purposes) and . Article Six <br />,,iddd that at the time of issullinee and after <br />thereof net earnings d�, the, Company <br />Lhin the immediately precedifi.g� 15 calendar <br />charges; <br />s against physical property additions) of the <br />uatice and after giving eff ect. thereto and to <br />d Debt of the Company shall ho t,exceed 65% <br />d Debt of the Company shall 'not exceed 70% <br />dic::time of issuance and :aftd:r iving effect <br />9 <br />L period of 12 consecutive calenditr months <br />. ontlis were at least two times! <br />:the annual in-' <br />iy; and <br />ded: Debt of the Company shall' -not exceed - <br />id 7.10 of Article Seven of tI11" <br />q.0riginal In- <br />iingis of the Company" and "aii-tntial bond in - <br />1.01 of the Original Indenture_ <br />any shall deliv*er to the Trusice.an officer's <br />-of the bonds, 'dcmonstrating�, in reasonable <br />!6tion 2.03. <br />g ati,ons of such corporati . on wilich in accord - <br />o classified upon a balance shect of such cor- <br />it shall include all (a) debt and! other similar <br />secured by any lion or otlicr.c'harge upon <br />