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87-- 100441 r On or before the thirtieth day prior to each sinking fund redemption date, the Trustee shall I proceed to select for redemption in the manner provided in Section 1.06 hereof, Series J Bonds in the aggregate principal amount which are redeemable with the cash required to be paid on the next following sinking fund payment date and in the name of the Company shall give notice as may be required by Article Eight of the Original Indenture of the redemption for the sinking fund on such sinking fund redemption date of the Series J Bonds so selected. All cash received by the Trustee pursuant to this Section 1.05 shall be held by the Trustee as part Of the mortgaged Property, and shall be applied by the Trustee to the redemption of outstanding Series J Bonds, without premium; and the Company shall, in each can prior to the sinking fund redemption date, pay to the Trustee in cash all unpaid interest accrued on the bonds to be redeemed through the operation of said sinking fund to the sinking fund redemption date. All Series J Bonds redeemed pursuant to this Section 1.05 (except Series J Bonds redeemed in part and upon which notations of partial payment are made as provided in Section 1.07 hereof) shall forthwith be cancelled by the Trustee and shall be delivered to or upon the written order of the Company and shall not be made the basis for issuance of any additional bonds under the Original Indenture, as supplemented and amended. SUMON 1.06. If less than all the outstanding Series J Bonds are to be redeemed, the particular bonds to be redeemed in whole or in part shall be designated or selected by the Trustee by allocating the aggregate principal amount of bonds to be redeemed among the registered owners thereof pro rata, as nearly as practicable, in amounts of $1,000 or any integral multiple thereof, in the proportion that the aggregate principal amount of such bonds held by each such registered owner bears to the aggregate principal amount of such bonds then outstanding. SEMoN 1.07. In the event of the payment of a portion of the principal amount of any Bond of Series J registered in the name of any initial registered owner in whose name such bonds were first registered, or registered in the name of any subsequent registered owner designated in writing by the Company filed with the Trustee and acceptable to the Trustee and stating that the provisions of this Section 1.07 shall be applicable thereto, the Trustee shall make payment to such registered owner (or to its nominee or to the custodian of its bonds) without requiring presentation of such bond if the Company shall certify to the Trustee that it has entered into a written agreement with the owner of such Bond that in the event that such owner shall sail, transfer or otherwise dispose of such bond it will, prior to the delivery of such bond, (a) present such bond to the Trustee for appropriate notation thereon of the date to which interest has been paid thereon and, if not theretofore made, a notation thereon of the extent to which payment has been made on account of the principal thereof, or (b) present such bond to the Trustee in exchange for a new bond or bonds of the same series in aggregate principal amount equal to the unpaid portion of the bond so presented to the Trustee. ARTICLE TWO COvENANTB wrru RrbrnCr To BONDS or SiRIM J SncrroN 2.01. The covenants contained in this Article Two are for the exclusive benefit of the owners of the Bonds of Series J. The exclusive right to amend or waive compliance with such covenants shall be vested solely in the owners of not less than sixty-six and two-thirds per cent of the principal amount of the Bonds of Series J then outstanding. No benefits or duties by reason of such covenants shall be deemed to be conferred upon persons other than the owners of the Bonds of Series J, the Trustee and the Company. The covenants contained in this Article Two shall be in addition to all other covenants of the Company net forth in the Indenture for the benefit of the holders of the bonds outstanding under the Indenture, including the Bonds of Series J. tow