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80-- (3O5t~53 7 cumulative so that the failure to exercise such election in any year, in whale or in part, shelf not increase the amount of any nptional Sinking Fund payment that may be made ±o the Corporate Trustee in any sub- sequent yeah Any such electio^ by the Company with respect to any such Sinking Fund Pag-ment Date shall be made in the Officers' Ctr- tifieate hereinafter mentioned in this Section 1.03, which election shall be irrevocable. In lieu of making al} or any part of any Sinking Fund payment in rash, the Company may at its option (a) surrender to the Corporate Trustee Bonds of Series G theretofore issued by the Company and ac- quired by it in the open markei or otherwise (other than through opera- tion of the Sinking Fund), (b) by Reques! direct the Corporate Trustee to credit against such Sinking Fund payment the principal amount of Bonds of Series G theretofore redeemed by the Company pursuant to Section 1.02 ]xereof which have not theretofore been so credited (such Bonds being hereinafter railed "Redeemed Bonds"). or (c) by Request direct the Corporate Trustee to apply Qepnsiu:d Cash for such purpose pursuant fiA subparsgrapb (2) of the second paragraph of Section 5.09 of the Indenture. The Company shall be entitled so to deliver Bonds of Se- ries ~ or obtain credit for Redeemed Bonds in anticipation of all or any part aF any one or more Sinking .Fund payments, but in each case the Company shall sgecifv, in the Officers' Certificate hereinafter mentioned in this Section 1.03, the Sinking Fund payment or payments in anticipa- tion of which such Bonds of Series G are delivered or Redeemed Bonds credited. Each Bond of Series G so delivered and all Redeemed Brands so credited shall be treated by the Corporate `trustee as the equivalent of a cash deposit to the extent of the Sinking Fund Redemptian Price of such Bond or Bonds. All Bonds of Series G so delivered to the Corporate Trustee shall be cancelled by it. On or before the June Il pnor to each Sinking Fvnd Payment Date, the Gompsny shall deliver t.o the Corporate Trustee an Officers' Cer- tificate whiclx shall i 1} specify the amount of cash, if any, which the Company will deposit with the Corporate Trustee at }east rape business day prior to such Sinking Fuad Paynxent DatE; {2, state the principal amount of Bonds aF Series G which are be- ing conrurrerttly de}iverecl to the Corporate Trustee -for cancellation ` ~.