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200806452
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200806452
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Last modified
7/29/2008 3:19:50 PM
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7/29/2008 3:19:46 PM
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DEEDS
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200806452
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<br />200806452 <br /> <br />(f) any pro rata distribution (including a rights offering) to all holders of a <br />class of Equity Interests or Indebtedness of the Company, including Persons who are <br />Affiliates of the Company; and <br /> <br />(g) any transaction involving sales of gas, electric capacity, energy, ancillary <br />services, transmission services and products, steam, emissions credits, fuel, fuel <br />transportation and fuel storage in the ordinary course of business on terms that are no less <br />favorable (as reasonably determined by the Company) to the Company than those that <br />would have been obtained in a comparable transaction by the Company with an unrelated <br />Person. <br /> <br />Section 8.18. Business Activities. The Company will not engage in any business other <br />than Permitted Businesses, except to such extent as would not be material to the Company. <br /> <br />Section 8.19. Continuing Disclosure Undertaking. So long as any Bonds are <br />outstanding, the Company will comply with its Continuing Disclosure Agreement dated as of the <br />Issue Date, entered into by the Company for the benefit of the Bondholders in accordance with <br />Securities and Exchange Commission Rule 15c2-12 under the Securities Exchange Act of 1934, as <br />amended. <br /> <br />Section 8.20. Compliance Certificate. <br /> <br />(a) The Company shall deliver to the Trustee, within 120 days after the end of <br />each fiscal year, an Officer's Certificate stating that a review of the activities of the <br />Company during the preceding fiscal year has been made under the supervision of the <br />signing Officers with a view to determining whether the Company has kept, observed, <br />performed and fulfilled its obligations under this Agreement, and further stating, as to <br />each such Officer signing such certificate, that to the best of his or her knowledge the <br />Company has kept, observed, performed and fulfilled each and every covenant contained <br />in this Agreement in all material respects and is not in default in the performance or <br />observance of any of the terms, provisions and conditions of this Agreement (or, if a <br />Default or Event of Default has occurred, describing all such Defaults or Events of <br />Default of which he or she may have knowledge and what action the Company is taking <br />or proposes to take with respect thereto) and that to the best of his or her knowledge no <br />event has occurred and remains in existence by reason of which payments on account of <br />the principal of or interest, if any, on the Bonds is prohibited or if such event has <br />occurred, a description of the event and what action the Company is taking or proposes to <br />take with respect thereto. The Company's fiscal year ends December 31st. <br /> <br />(b) So long as not contrary to the then current recommendations of the <br />American Institute of Certified Public Accountants, the year-end financial statements <br />delivered pursuant to Section 8.19 hereof shall be accompanied by a written statement of <br />the Company's independent public accountants (who shall be Vitale, Caturano & <br />Company, Ltd. or another firm of established national reputation) that in making the <br />examination necessary for certification of such financial statements, nothing has come to <br />their attention that would lead them to believe that the Company has violated any <br />provisions of this Article VIII in so far as such provisions relate to financial and <br /> <br />4834-8191-0786.7 <br /> <br />49 <br />
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