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.T _ . . _ _ . _.. �. �. _ ��.e. 1 � � � 89�-- 1060'79 azcumpanied by a copy of the written notice Qiven by the Computin� Holder whioh sets fortb the computation of tha Yield M�iatenance Prica of the Bonds aF the Series due 1999 held by tbe � Cumputin�Holder. 'Tlic Compsny covenanis and a�rees that it will on such redemption date redeem the Honds of tha Series due 1999 held by esch holder so to be redeetned by puyment to snch holder t�� Yi.!d 1l+L�i-nt�nce �'nce tberd'or= tosether witb iaterest uxrued thereon to the date �xed for tafemptioa As u�d in this Section 1: "Compu�inj Holder" shall yaean the holder who hold� Bonds of tbe Series duo 1999 with aa �µte princip�!�mount outstsadiai hi�hhar t6an that of Honds of the Seria dua�1999 held by any other hdder,or in the event t�o ar more h�lders hold•an equal smount whiah constitutes the hi�est princip�l amount of t6e Honds of the Seria dua�1999;�anY hotder desi�aatad by•ihe olher holders. Fur pu=�i�ia}c,i uct�ains ihe Com�uwst Holdsr,tka as� Q��he�ris-��n!� 1999 thsn hFlc! �y Metropditaa Life lnsuraaae Com�anY and its aubsidisries sl�sil be a�ted. "W�i�hted Avera�e Life to Final Maturiry" of any of the 8onds of the Series due 1999 to be redeaaed,s6sll mean the aumber of yeata(rounded to the aearat onatwelfld of a year)which will N�pu betwoen tbe schedule� date of redemption thereof and the scheduled date of maturity of t1� � Bcads of tbe Seties due 1999. "Yi�id Msintenance Price"sball m�aa the hi�hher of(1)the entire unpaid principal amount of the Bonds of the Saia due 1999 to be redaraed aad(2)the sum of the rapective Payment Values of ach pro�pective intertat p�yment and the priacip�l paymeat at maturity in rapect of the priacigal amouat of the Bends of the Series due 1999 to be redamed(the�aount of each suc6 p�yment being henin refen+ed to as a"Psyment"). The Psymmt Value of esch Payment shall be daermined by di:oouatin�such Payment at the Reinvatment Rate,for the period from the scheduted date oa aluch ; snch Payment ia due to be made to tbe appticable date of redemp�ion. The Reinvestment Rate is the � � :.��..►h.�h �hall t�e imnnted fmm the yields of those aciively traded "On The Run" United Statts � Y---- ------- t.= Tre�wry securitiea havinf msturitia as close as prutiqbfe to the Weip,hted �►vera� Life to Finai - - Maturiry of the Bonds of the Seria due 1999 to be redamed. The yields of such United States Treasury securities shal!be determinod as of 10 A.M. Eastem Time on t 6e da te on w h ic h t he Yi e l d - Mainteaance Price is detemained. . � SECnoN 2. Upon the notice and in tbe maaner and vrith the effect provided in Article V of the � � Ori�inal Indenture, as amended by Section 3 of this Anicie 111,any of the Bonda af the Series due .` f999 shall be redamable at any time and from time to time(a),at ihe option af t�e Company,out of moneys a�re�atia=less than SS00,000 received by thc Tnutee durin�any c2lendar year,pursuanl to the provisiona of Articie VIII of the lndenture, as proceeds of propeity taken by the power of eminent domun or sold as provided in Section 2 of Mick V hereof�or(b)out of moneys a�re�atin� SS00.000 a more rcceived by tde Truata dnrin�aay calendar yesr, pursvant to t6e provisions of _ Artide Vlll of t6e ladenture,as pmoeeds of property takea by the power of eminent domain or sold _ �s provided in Section 2 of Artick V hereof,in each such case upon paymeat of the principal azaount � � thenof to�ether with acc�ued interat w the redemption date. SEC770N 3.Whenaver the Company shall propose to redeetn tess than all of the outstanding Bonds = of tht Series due 1999 on any redemption date. the Trustte, instead of selectin�by Iot.shaU select �'� ihe ses�ia! nwnbers of the Bonds of the Series due 1999 to be ndeemed 4ia whole or in part� by� pror�tia�,as neariy as may be,the a�re�te principa!amount of the Bonds of the Series due t 944 to ; be redeemed amon� the re�istered owners of the Bonds of the Series due 1999 aceordin� to the principal amounts thcreof re�isten;d in their respective nama. ln any such proration. the Trusta s1�it make such adjustmes4ts, reallocatians aad eliminatians as it shall d�m proper to the end that the principal amouat of the Bonds of the Series due 1999 so prorated to any re�istered owner of tbe Donds af the Series due 1999 shall be f1.000 or a multiple thercof. by �ncreasin�or decreasin�or eliminatia�tbG amount whicb would be allceable to any such register�d owner on the basis of exact Froponion by an amoune nw exceedin� 51.000. The Trustse in its discretion may determine thc , pzrticular Bonds of the Series due 1999(if thtre are more than one)re�istered in the narae of any 9 � � � J ti r . = �3 s. � 1.��.. �