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201500400
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4/14/2015 11:52:42 AM
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1/20/2015 3:31:06 PM
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DEEDS
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201500400
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103570737v6 <br />9 <br />201500400 <br />the Trustee and to each Holder of First Mortgage Bonds to be redeemed a certificate of a Senior <br />Financial Officer specifying the calculation of such Make -Whole Amount, if any, as of the <br />specified Redemption Date. The Trustee shall have no responsibility for any such calculation. <br />Section 5. Allocation in the Event of Partial Redemption. Subject to Article III, <br />Section 1 above, in the case of each partial redemption of the First Mortgage Bonds of the 4.22% <br />Series, the principal amount of the First Mortgage Bonds of the 4.22% Series to be redeemed <br />shall be allocated among all of the First Mortgage Bonds of the 4.22% Series at the time <br />Outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts <br />thereof not theretofore called for redemption. <br />Section 6. Maturity; Surrender, Etc. In the case of each redemption of First Mortgage <br />Bonds pursuant to this Article III, the principal amount of each First Mortgage Bond to be <br />redeemed shall mature and become due and payable on the date fixed for such redemption <br />(which shall be a Business Day), together with interest on such principal amount accrued to such <br />date and the applicable Make -Whole Amount, if any. From and after such date, unless the <br />Company shall fail to pay such principal amount when so due and payable, together with the <br />interest and Make -Whole Amount, if any, as aforesaid, interest on such principal amount shall <br />cease to accrue. Any First Mortgage Bond paid or redeemed in full shall be surrendered to the <br />Trustee and cancelled and shall not be reissued, and no First Mortgage Bond shall be issued in <br />lieu of any redeemed principal amount of any First Mortgage Bond. <br />Section 7. Purchase of First Mortgage Bonds. Notwithstanding anything contained <br />herein or in the Original Indenture to the contrary, the Company will not and will not permit any <br />Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the <br />Outstanding First Mortgage Bonds except (a) upon the payment or redemption of the First <br />Mortgage Bonds in accordance with the terms of the Indenture or (b) pursuant to an offer to <br />purchase made by the Company or an Affiliate pro rata to the Holders of all First Mortgage <br />Bonds at the time Outstanding upon the same terms and conditions. Any such offer shall provide <br />each Holder with sufficient information to enable it to make an informed decision with respect to <br />such offer, and shall remain open for at least 15 Business Days. If the Holders of more than 10% <br />of the principal amount of the First Mortgage Bonds then Outstanding accept such offer, the <br />Company shall promptly notify the remaining Holders of such fact and the expiration date for the <br />acceptance by Holders of First Mortgage Bonds of such offer shall be extended by the number of <br />days necessary to give each such remaining Holder at least 5 Business Days from its receipt of <br />such notice to accept such offer. The Company and the Trustee hereby agree that for each such <br />Holder that accepts such offer, any consent given as a condition to acceptance of such offer by <br />such Holder shall be void and of no force or effect except solely as to such Holder, and any <br />amendments effected or waivers granted or to be effected or granted that would not have been or <br />would not be so effected or granted but for such consent (and the consents of all other Holders of <br />First Mortgage Bonds that were acquired under the same or similar conditions) shall be void and <br />of no force or effect except solely as to such Holder. The Company will promptly cancel all <br />First Mortgage Bonds acquired by it or any Affiliate pursuant to any payment or redemption of <br />First Mortgage Bonds pursuant to any provision of the Indenture and no First Mortgage Bonds <br />may be issued in substitution or exchange for any such First Mortgage Bonds, except pursuant to <br />Section 5.06 of the Original Indenture. <br />
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