200410978 - Laserfiche WebLink

Browse

200410978 Series C that are Outstanding on such day, and (ii) the denominator of which is the sum of (a) the aggregate principal amount of the First Mortgage Bonds, Collateral (2004) Series C that are Outstanding on such day, plus (b) the aggregate principal amount of the First Mortgage Bonds, Collateral (2004) Series C, due 2014, of the Company (the "Montana Senior Notes Bonds ") that are outstanding on such day under the Company's Montana Mortgage (as defined in the Supplemental Indenture). Simultaneously with issuance and registration of the First Mortgage Bonds, Collateral (2004) Series C in the name of the Senior Note Trustee (for the same purpose), the Montana Senior Notes Bonds were issued to and registered in the name of the Senior Note Trustee, to be owned and held by the Senior Note Trustee under the terms of the Senior Note Indenture as security for the payment of the principal of, premium (if any) and interest on the Senior Notes. Redemption First Mortgage Bonds, Collateral (2004) Series C, of which this Bond is one, shall be subject to redemption as follows (but shall not otherwise be or become subject to redemption, whether at the option of the holders thereof or the Company or pursuant to any other requirements or provisions of the Indenture): (A) on each day on which Senior Notes become due and payable in accordance with Section 405 of the Senior Note Indenture by reason of redemption in accordance with the Senior Note Indenture (a "Senior Notes Redemption Payment Date "), First Mortgage Bonds, Collateral (2004) Series C shall be subject to mandatory redemption by the Company in an aggregate principal amount equal to the Senior Notes Applicable Share of the aggregate principal amount of the Senior Notes that become so due and payable on such Senior Notes Redemption Payment Date (a "Corresponding Redemption "); and (B) on each day on which the Senior Notes become due and payable in accordance with Section 702 of the Senior Note Indenture by reason of acceleration of the Senior Notes in accordance with the Senior Note Indenture (a "Senior Notes Acceleration Payment Date "), the entire aggregate principal amount of the First Mortgage Bonds, Collateral (2004) Series C shall be subject to mandatory redemption by the Company (an "Acceleration Redemption "); in each case, without any necessity for notice or call by the Company or by the Trustee (such notice and call being waived by the registered owners of the First Mortgage Bonds, Collateral (2004) Series C by the acceptance of the First Mortgage Bonds, Collateral (2004) Series C and in connection with each Redemption Demand hereinafter described); provided, however, that in the event of a rescission or annulment of the acceleration of the Senior Notes pursuant to the Senior Note Indenture, the related Acceleration Redemption shall be deemed to be rescinded or annulled (without prejudice to the occurrence of another Acceleration Redemption upon and by reason of a subsequent acceleration of the Senior Notes in accordance with the Senior Note Indenture). Each Corresponding Redemption of First Mortgage Bonds, Collateral (2004) Series C on a Senior Notes Redemption Payment Date shall be at a redemption price equal to the redemption price payable in connection with the redemption of Senior Notes NY55/405431.7 C -3