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81006050
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Last modified
1/14/2010 11:27:18 PM
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1/14/2010 11:25:20 PM
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DEEDS
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81006050
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>A4 <br /> <br />discrimination or preference except as to any difference in <br />the respective rates of interest specified in the Bonds; <br />second. to the payment to the persons entitled <br />thereto of the unpaid principal of any of the Bonds which <br />shall have become due and payable (other than Bonds called <br />for redemption for the payment of which moneys are held <br />pursuant to tY~e Provisions of this Indenture), in the order <br />of their due dates, with interest on the principal amount of <br />such Bonds at the respective rates specified therein from <br />the respective dates upon which such Bonds became due and <br />payable, and, if the amount available shall not be suffi- <br />cient to pay in full tt.s principal of the Bonds due and <br />payable on any particnlar date, together with such interest, <br />then to the payment first of such interest, rat~.'~ly, <br />according to the amount of such interest due on such date, <br />and then to the payment of such principal, ratably, <br />according to the amount of such principal due on such date, <br />to the persons entitled thereto, without discrimination or <br />preference; and, <br />third: to the payment of t;he interest on and the <br />principal of the Bonds, to the purchase and retirement of <br />Bonds and to the redemption of Bonds, all in accordance with <br />the provisions of Article V of this Indenture. <br />(bj if the principal of all the Bonds shall have <br />become or shall have been declared due and payable, all such <br />moneys shall be applied to the payment of the principal and <br />interest then due and unpaid upon the BoY~ds, without <br />preference or priority of principal over interest or of <br />interest over principal, or of any installment of interest <br />over any other installment of interest, or of any Bond over <br />any other Bond, ratably, according to the amounts due <br />respectively for principal and interest, to the persons <br />entitled thereto without any discrimination or preference <br />except as to any difference in the respective rates of <br />interest specified in the Bonds; and <br />(c) if the principal of all the Bonds shall have been <br />declared due and payable and if such declaration shall <br />thereafter have been retracted and annulled under. the <br />provisions of Section 802 of this Article, then, subject to <br />the provisions of paragraph (b} of this Section, in the <br />event that the principal of all the Bonds shall later become <br />or be declared due and payable, the moneys remaining in and <br />thereafter accruing to the Bond Fund shall be applied in <br />accordance with the provisions of paragraph (a) of this <br />Section. <br />Whenever any moneys are to be applied by the Trustee <br />pursuant to the provisions of this Section 804, such moneys <br />shall be applied by the Trustee, at such times and from time <br />to time, as the Trustee in its sole discretion shall <br />determine, having due regard to the amount of such moneys <br />60 <br /> <br /> <br /> <br />
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