80005053 - Laserfiche WebLink

Browse

~~1.^~ UU~Q~J 25 (4} an indebtedness created as a result of services rendered or premises rented; or an indebtedness created as a result of goads or securities sold in a cash transaction as ~~fined in paragraph (c3 of this Section 17.03: (5} the ownership of stock or of other securities of a corporation organized under the provisions of Section 25(a) of the Federal Re- serve Act, as amended, which is directly or indirectly a creditor of the Company; or (6} the acquisition, owne*ship, acceptance or negotiation of sny drafts, bills of exchange, acceptances or obligations which fall within the classification of self-liquidating paper as defined in paragraph (c,) of this Section 17.03. (e} For the purposes of this Seetian I i'.03 only (Ij "I'Ixe term "defatdt" means an_y failure to make pavment. in fu11 of i.he principal of ae interest on any of the Bonds or upon the other indenture securities when and as such principal or interest becomes clue and payable. (2} The term "ot.her indenture securities" means securities upon which the Company is an obligor outstanding under any other indenture (i) under which either Trustee is also trustee, (ii) which contains pravisions substantially similar t,o the provisions of this Section 17.03 and till) under which a default exists at the time of the apportionment of the funds and property held in such special account. (3) The terns "cash transaction" meaxvs any transaction in which full payZrtent far Hoods or securities sold is made within seven da,vs after delirery of the goads ar securities in currency or in ~~hec•ks or other orders drawn upon banks or bankers and parable upon demar=d. t~) The term "self-tiytridsting paper" means any draft, bill of ex- change, acc~eptanc>e Ut obligation xvltich is made, drawn, net;atiated or incurre+l by the Company far the purpose of l;naneing the purcha4e, processing, manufacturing, shipment, storage rr sale of gcwcis, wares or merchandise and vvhieh is secured by documents evidencing title to, possession af, or_ a Iien upon, the gcxxls. wares or merchandise er the rc~xceivables or pror~eeds arising from the sale of the goods, wares or merchandise previously eanst.itut.ing the security, provided tha security is rc-~=eii°~~1 by the `frustra sitnuitarieoul~ with t.hie rreat;ion of the erediWr relationship with the Com-pang arising frarn tha rnak- ucg, drawing, negotiating or itxurrinK of the draft, bill of Pxchtxrxge. acceptance or abligatsan. l..,i 4