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1994-06-21 Minutes
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1994-06-21 Minutes
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7/24/2008 3:49:07 PM
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First: To the payment of amounts, if <br />• any, payable to the United States Treasury <br />pursuant to Section hereof; <br />Second: To the payment to the Persons <br />entitled thereto of all installments of <br />interest then due on the Bonds, with interest <br />on overdue installments, if lawful, at the <br />rate per annum borne- by the Bonds, in the <br />order of the installments of such interest, <br />and, if the amount available shall not be <br />sufficient to pay in full any particular <br />installment of interest, then to the payment <br />ratably, according to the amount due on such <br />installment, to the Persons entitled thereto <br />without any discrimination or privilege; <br />Third: To the payment to the Persons <br />entitled thereto of the unpaid principal of <br />any of the Bonds which shall have become due <br />(other than Bonds called for redemption for <br />the payment of which moneys are held pursuant <br />to the provisions of this Indenture), with <br />interest on such Bonds at their rate from the <br />respective dates upon which they became due, <br />in the order of their due dates, and, if the <br />• amount available shall not be sufficient to <br />pay in full Bonds due on any particular date, <br />together with such interest, then to the <br />payment ratably, according to the amount of <br />principal and interest due on such date, to <br />the Persons entitled thereto without any <br />discrimination or privilege; <br />Fourth: To the payment to the Persons <br />entitled thereto of unpaid principal and <br />interest due and owing on any Bonds, the <br />payment of principal and interest of which has <br />been extended in the manner described in <br />Section 901 hereof; and <br />Fifth: To the payment of any amounts <br />owed to the Credit Facility Issuer under the <br />Credit Facility. <br />(b) If the principal of all the Bonds shall have become <br />due or shall have been declared due and payable, all such moneys <br />shall be applied (subject to the limitations imposed by the first <br />sentence of this Section 907): <br />81 <br />
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