Laserfiche WebLink
200108235 <br />WHEREAS, the Company also desires to clarify and simplify the procedure for releasing <br />properties from the lien of the Consolidated Mortgage as described below. <br />WHEREAS, the Company has obtained the written consent to this Twenty-sixth <br />Supplemental Indenture from the holders of at least 66 -2/3% in aggregate principal amount of the <br />Bonds outstanding under the Consolidated Mortgage. <br />WHEREAS, all acts, things and deeds necessary to make this Twenty -sixth Supplemental <br />Indenture, when executed by the parties hereto, a valid and binding amendment to the <br />Consolidated Mortgage, are being done, performed and completed, and the execution and <br />delivery hereof have been in all respects duly authorized. Accordingly, by this Twenty -sixth <br />Supplemental Indenture, the parties desire to evidence the removal of certain properties and <br />related interests therein from the lien of the Consolidated Mortgage and to further amend the <br />Consolidated Mortgage by altering certain administrative procedures as described below. <br />Now, THEREFORE, in consideration of the premises and of the sum of Ten Dollars <br />($10.00) paid by The Burlington Northern and Santa Fe Railway Company to the Trustees, <br />receipt of which is hereby acknowledged, the parties hereto do hereby covenant and agree as <br />follows: <br />ARTICLE ONE <br />AMENDMENTS AND WAIVERS TO CONSOLIDATED MORTGAGE <br />1.1. Notwithstanding Granting Clause "Thirteenth" or any other provision of the <br />Consolidated Mortgage, it is hereby understood and agreed that Accounts Receivable (as <br />hereinafter defined) are not, and shall not be deemed to be, rents, issues, tolls, profits or other <br />income atom the property mortgaged, conveyed or assigned or intended so to be under the <br />Consolidated Mortgage. For purposes of this Section, the term "Accounts Receivable " shall <br />mean all rights to the payment of money arising out of or otherwise relating to the Company's <br />rail freight business, including without limitation (i) shipping charges and other charges <br />pertaining to the transportation of goods and related services, including without limitation rights <br />to payment for such transportation arising in connection with tariffs or other arrangements under <br />the rules and regulations of the Surface Transportation Board of the United States Department of <br />Transportation or any successor agency, (ii) rights to be reimbursed for equipment repairs done <br />on behalf of other railroads and expenditures incurred in connection with facilities jointly owned <br />or operated by the Company and other companies or upgrades to facilities, (iii) amounts owed in <br />connection with the installation or upgrading of crossing protection devices or construction of <br />grade separations for the benefit of other persons, such as government entities, (iv) finance and <br />interest charges, (v) related claims against any person obligated with respect to any of the <br />foregoing, (vi) any other amounts shown on the Company's Balance Sheet as accounts receivable <br />in accordance with Generally Accepted Accounting Principles, and all proceeds thereof, (vii) all <br />arrangements intended to secure or support payment of the foregoing, including liens, <br />guarantees, insurance and rights to related merchandise, and (viii) all collections and other <br />proceeds of the foregoing." <br />-2- <br />