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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
September 16, 1994
NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
(Exact name of registrant as specified in its charter)
District of Columbia 1-7102 52-0891669
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(state or other juris- (Commission (I.R.S. Employer
diction of incorporation) File Number) (Identification No.)
Woodland Park, 2201 Cooperative Way, Herndon, VA 22071-3025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703)709-6717
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(Former name or former address, if changed since last report)
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Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(c) Exhibits
The following exhibit is filed herewith:
4 First Supplemental Indenture dated as of
September 16, 1994 supplement to Indenture dated as of
February 15, 1994.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
NATIONAL RURAL UTILITIES COOPERATIVE
FINANCE CORPORATION
/s/ STEVEN L. LILLY
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Steven L. Lilly
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Dated: September 16, 1994
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EXHIBIT 4
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NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORPORATION
TO
FIRST BANK NATIONAL ASSOCIATION,
TRUSTEE.
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FIRST SUPPLEMENTAL INDENTURE
DATED AS OF SEPTEMBER 16, 1994
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SUPPLEMENTAL TO
INDENTURE DATED AS OF FEBRUARY 15, 1994
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FIRST SUPPLEMENTAL INDENTURE, dated as of September 16, 1994,
between National Rural Utilities Cooperative Finance Corporation, a District of
Columbia cooperative association (hereinafter called the "Company"), having its
principal executive office and mailing address at 2201 Cooperative Way,
Herndon, VA 22071, and First Bank National Association, as Trustee, a national
banking association (hereinafter called the "Trustee"), having its corporate
trust office at 180 East Fifth Street, Saint Paul, MN 55101.
WHEREAS, the Company has heretofore executed and delivered to
the Trustee an Indenture dated as of February 15, 1994 (hereinafter called the
"Indenture"); and
WHEREAS, it is provided in the Indenture, among other things,
that without the consent of the Holders of any Bonds, the Company and the
Trustee may enter into indentures supplemental thereto in certain
circumstances; and
WHEREAS, the Company desires to amend and restate the
definition of "Coverage Ratio" contained in Section 1.01 thereof; and
WHEREAS, all acts necessary to constitute the Indenture, as
hereby modified, a valid instrument, have been done:
NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH,
that, in order to amend and restate the definition of "Coverage Ratio"
contained in Section 1.01 of the Indenture, and for and in consideration of the
premises and of the covenants contained in the Indenture, and of the sum of $1
to the Company paid by the Trustee at or before the delivery hereof, the
receipt whereof is hereby acknowledged, the Company has executed and delivered
this First Supplemental Indenture.
ARTICLE ONE
The definition of "Coverage Ratio" contained in Section 1.01
of the Indenture shall be amended and restated as follows:
"Coverage Ratio" of any Member for any calendar year of such
Member means the ratio determined by adding such Member's Patronage
Capital and Operating Margins, Non-Operating Margins -- Interest,
Interest Expense with respect to Long- Term Debt and Depreciation and
Amortization Expense for such year, and dividing the sum so obtained
by the sum of all payments of principal and interest required to be
made during such year on account of such Member's Long-Term Debt (but
in the event any portion of such Member's Long-Term Debt is refinanced
during such year the payments of principal and interest required to be
made during such year in respect thereof shall be based (in lieu of
actual payments thereon) upon the larger of (x) an annualization of
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such payments required to be made with respect to the refinancing debt
during the portion of such year such refinancing debt is outstanding
and (y) the payments of principal and interest required to be made
during the following year on account of such refinancing debt);
Patronage Capital and Operating Margins, Interest Expense with respect
to Long-Term Debt, Depreciation and Amortization Expense,
Non-Operating Margins -- Interest and Long-Term Debt being determined
in accordance with the Uniform System of Accounts prescribed at the
time by REA or, if such Member is not required to maintain its
accounts in accordance with said Uniform System of Accounts, otherwise
determined in accordance with generally accepted accounting
principles, except that (i) in computing Interest Expense with respect
to Long-Term Debt, and payments of interest required to be made on
account of Long-Term Debt, for the purpose of the foregoing
definition, there shall be added, to the extent not otherwise
included, an amount equal to 33-1/3% of the excess of the Restricted
Rentals paid by such Member for such year over 2% of such Member's
Equities and Margins for such year as defined in the Uniform System of
Accounts prescribed by REA or, if such Member is not required to
maintain its accounts in accordance with said Uniform System of
Accounts, otherwise determined in accordance with generally accepted
accounting principles, and (ii) in computing such Member's Patronage
Capital and Operating Margins for the purpose of the foregoing
definition, all cash received in respect of generation and
transmission and other capital credits (whether or not included in
such Member's Patronage Capital and Operating Margins) shall be
included and all other amounts in respect of capital credits shall be
excluded.
ARTICLE TWO
SUNDRY PROVISIONS
All terms used herein which are defined in the Indenture are
used herein as so defined.
The Indenture is in all respects ratified and confirmed and
this First Supplemental Indenture and all its provisions shall be deemed a part
thereof in the manner and to the extent herein provided.
The recitals herein contained are made by the Company and not
by the Trustee.
This instrument may be executed in any number of counterparts,
each of which so executed shall be deemed to be an
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original, but all such counterparts shall together constitute but one and the
same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this First
Supplemental Indenture to be duly executed and their respective corporate seals
to be hereunto affixed and attested, all as of the day and year first above
written.
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE
CORPORATION
[SEAL]
By /s/ Steve Lilly
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Chief Financial Officer
Attest:
/s/ John Jay List
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Assistant Secretary-Treasurer
FIRST BANK NATIONAL ASSOCIATION,
As Trustee
[SEAL]
By /s/ Terry L. McRoberts
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Executive Vice President
Attest:
/s/ Mark D. Hartzell
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Assistant Secretary
