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<br /> - '('...._ �..t�..i,.ia.,.... a'iE�•`' ...�.t:.l.'_T�f;d.a:[.�c�r.r.u'saS:sn ' : '�,<..._ . . . _ ..:.[.,..aab_.:._''_._ —
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<br /> 93- �o��
<br /> Srtrlon1.03. NetEarnlnasCerNJicare;AdJuandNtt6amingr,AnnuoflntercstRequlnmenn.
<br /> ::�?�y� A•Nu&aminge Cerrlfkatd"means e cen(flcaro elgned by en AuthoriuA Sxceuttvo OFflur
<br /> _ — end rn�ccnuntant (who m�y bo�n oRicer or emplayeo o[the Comp�ny), �ntinao
<br /> —_;_,� _
<br /> � (�) the •Adjurted Net Eami�gs'of the Compmy For e pedod of twelve p2) •a � '
<br /> 7�p;�— consecuttve caiondar montlu wllhln tho cightan (18) ceiendar monttu Immedieiely —
<br /> ",, "�1 precedin� tho flrot day of tho monlh in which tha Ck�mpeny Order requattn� lhe �- '�
<br /> �� authenttcation and daitvery under thla Indenturo oF Bond� (a deltvored to the 7lwtee, � -_
<br /> r s' 6����°8° - .
<br /> � �.. �--
<br /> =�,''�� ' (i) iia opereting rovenues(whtch mqy Include reveaw:s of tho Company
<br /> - . ,:,.,
<br /> ,f subject vlhen coUr.cNd or aaxued co e,os.s,'AG,+refuad et a fuevpe da1r.); '°,;-�,
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<br /> ,�jn;�fi�� (ii) iu o�.raCU�3�ra.r,excic�J;v� (A)earp+:ax�;:t Cor eases on income ,, �� — -
<br /> "x, , or proiita and olhx ta��measured Ey,or.dzpe�rt�ax,ee1 u�uvomr�,(H)provlslona
<br /> i���r�i, (or rescrvcs for rane�vels, replaccments, depreciatlon, d:pS:tiaa ar repremont o[ � 'r�� . ___
<br /> _ - ___
<br /> `t`'` �� . property(or any axpcnditures thercFor), or provistons for nmorHzatton of properry, J; t•_
<br /> � �,�,� `.., (G�oxpcn:es or provisions[or Imerest on nny Indebtednese of tha Cumpany,for�he ,.' �,.
<br /> : ..;-,�;,t, ,; emordzatfon oFdaht discoum, prem(um, expense or loss on reecquired debt,For eny ;;,�:;„r,•
<br /> '��;_. melntenance and replecement, improvcment or ainking fund or other davico for Ihe " ' 1��
<br /> ; - n. �;;`t`.' rctiremant of eny indebtedness, or for othar emorNzatlon, (U) expensa� or .�;'{•�,•,���i�-
<br /> �`�; N;'; � provtstona for eny non•recurring chergo to tncome or ro rotetned carnings of ` „�S t ':_
<br /> fy r ;: whatavar ktnd or nnture(tncluding wi�hout Itmitedon iha recognidon oF ezpanso or � '' �
<br /> <€s:. rr impairment due to thc non•rewvcrebfliry of essets or e�cpensa), whether or not �'�'����,;:.i=--
<br /> ,f7.''; recorsionsafor en rctun gofhevenucsf�erev�lauslnYwlle�cted�orAnccruedebdihe *h�4�k�Y �,�:;=
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<br /> � .�s ��wmpnny subjccl io possiblc rc(und; '���:��lz�� �'�
<br /> 4 : e�: r f) T,�'-=�.
<br /> ;� , ',�,;,� (iii) the nmount remainfng efter deducting the emount required w be '�?t}��t,� ,-,_.�;_-
<br /> s�eted in such cerdficeie by clnuse(il) ebove from the nmount required to be emted )��'' 1�;,��;x "-
<br /> 'r.�l,�v,y� z 4i1, � s,a•=::.
<br /> - t� �_� thcrcin by cinusc(i) nbove; ;�1''!y� �<< " :f;;
<br /> �'FZ 99� � :
<br /> ....+��,�::� `��R�';� �, .�,-:'r:,;-.
<br />'`:<i',.:,;:,, (iv) its ather income, which amount mey include any portion oF the �3,t,`,';•f't;';;` "'
<br /> " nllownnce far Ponds uscd dur(ng constructlon end olhcr deferred cos�s (or eny �:� '�i ���;`�
<br /> , }:.;t_�;:: analogous emounts) which is no� included in "other Income" (or eny analogous �.�4 •� .�.=
<br /> ,
<br /> ' , � `: item) in the Companya books of account;nnd °y� YS 2� � �"�`
<br /> , " � ,� + ,:
<br /> ,
<br /> ' ' (v) the Adjusted Nei Eamings of Ihe C.ompany for such pertod of twclve ' �� '
<br /> b �; (12) consecutive calendnr mon�hs (being the sum of Ihe emounis requtred to be I >-. " t r��•
<br /> 1 stated In such ceniRcete by clauses ((ii) nnA (ivi fl�vr); end f �: � -
<br /> �
<br /> �, � }�"' (b) ihe Ann�ml InrerestReqniren�ents',being �he imecest requtremenu [or one � ' ' � ;'�
<br /> j1, �j year, et �hc respective S�a�ed In�crest Ratcs, if eny, bome prior ro Ma�uriry, upon: �!' �-: �
<br /> t/ . , y -i(::_.
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<br /> (i) ell Bonds Ou�s�anding hereunder at the date o[ such certificnte, � ,, °
<br /> ,, * , except eny for Ihc paymcnt or redemption of which the Bonds epplied far are to be �� ' " .
<br /> issued; p�ovtdeQ however, that, if Oms�ending Bonds oC eny series 6ear inreres7 at � ,,
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