Lender: (a) Within 120 days after each December 31, a financial statement of the Guarantor prepared by the Guarantor, including a statement of the Guarantor's cash flow. (b) Within 150 days of each June 30th, the financial statements of PPL, audited by a firm of chartered accountants. 1.3 Change of O

l, valid and binding obligation of Guarantor, enforceable in accordance with its terms; this Guaranty is in proper legal form under the laws of the Guarantor's jurisdiction and location of residence for enforcement thereof against the Guarantor in the courts of any such jurisdiction; in any legal action

its assets; • designation of the Guarantor as an "unrestricted subsidiary- for purposes of the indenture covenants • release or discharge of the Guarantor's guarantee of certain other indebtedness: or legal defeasance or covenant defeasance of the indenture obligations when provision has been made for

HE GUARANTOR FILE FOR BANKRUPTCY OR ARE OTHERWISE UNABLE TO PAY OUR OR ITS DEBT OBLIGATIONS. Payment at Maturity IISubject to the Issuer's and the Guarantor's credit risk, on the Maturity Date, for each $1,000 Notional Amount of Notes that you hold, you will receive the Redemption Amount, which will eq

HE GUARANTOR FILE FOR BANKRUPTCY OR ARE OTHERWISE UNABLE TO PAY OUR OR ITS DEBT OBLIGATIONS. Payment at Maturity • Subject lo the Issue's and the Guarantor's credit risk. on Ihn Maturity Date, for each $1.000 Notional Amount of Notes that you hold, you will recewo the Redemption Amount, whet will equal:

the return of any portion of your initial investment in the Notes on the Maturity Date and do not pay any interest. Subject to the Issuer's and the Guarantor's credit risk (ability to pay), payment at maturity is linked to the performance of the Reference Commodity indicated on the cover page of this Pric

ected by the market's view of our creditworthiness; neither the Notes nor the Guarantee is insured by the FDIC The Notes are subject to our and the Guarantor's credit risk and our and the Guarantor's creditworthiness may adversely affect the market value of the Notes. Investors are dependent on our and Gu

ral identified on Exhibit A to the Pledge Agreement, dated December 2, 1996, as amended between Guarantor and the Bank (the "Pledge Agreement"), or Guarantor's financial condition, prospects or operations or the Bank's rights under this Guaranty or the other Loan Documents to which Guarantor is a party,

f its creditors; (3) a receiver, trustee, conservator or liquidator of Grantor or any Guarantor or of all or a substantial part of Grantor's or such Guarantor's assets is appointed with or without the application or consent of Grantor or such Guarantor, respectively; (4) a petition is filed by or against G

f its creditors; (3) a receiver, trustee, conservator or liquidator of Grantor or any Guarantor or of all or a substantial part of Grantor's or such Guarantor's assets is appointed with or without the application or consent of Grantor or such Guarantor, respectively; (4) a petition is filed by or against G