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Clearing house funds

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Clearing house funds
Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks.

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However, any holder that converts Convertible Debentures after June 15, 1997 must, as a condition to such conversion, submit with the Convertible Debentures being converted an amount, in New York Clearing House funds or other funds acceptable to the company, equal to the interest of $32.
 
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