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2� 1 ��412 h�reb� aGkno�ledg�d, hereby cov�nants �nd agr�es to and with the Trust�e and its su�cessors in the trust under th� Indenture, f�r the benefit af�thase v�h� sha11 hald the Bonds as f�ll��vs: AI�TICLE I. DE��RIPTI�N �F FII��T M�I�T�A�E B�NDS, �.5�°�0 �ERIES DUE Z�� S�ction 1. The �ompany her�b� creates a ne� seri�s ��B�nds t� be knav�n as "First Mortga�e Bonds, �.8�°�o Series du� ��." Th� First M�rtg�ge �onds �f th� �.8�°�o Seri�s shall be e�ecuted, authenticated and deliv�red in acc�rd�.r�� vith the pro�risions �f, and shall in all r�spects be subj ect t�, al1 of the t�rms, �onditions and �a�renants af th� Indenture, as suppl�mented �nd modified. Th� aggregate prin�ipal amount of First IVlortgage Bonds of the �.$�°fo S�ries, whi�h may b� auth�nti�ated and d�li�ered under the Indenture �except for First Mortga�e B�nds ��th� �.S�°�o Seri�s �uth�nticated and d�liver�d upoi� r�gistrati�n �f trans�er af, or in exchange f�r, �r in lieu �f, �th�r First M�rtgage Bonds �f th� 2.��°Io Series �uxsua.i�t to th� Indenture �.nd except f�r F1rst IVlortgage B�nds of` th� �.5�°�o S��'1�5 �vhi�h, pursuant t� the Ind�nture, ar� d�emed ne�rer to have been authenticated and deli��red under the Indenture} is limit�d t� $6�,��,��.��. Th� ��mmencement af the first inter�st period f�r the First M�rtga�� Bands af the �.$�°I� Seri�s s1�a11 b� June 1 S, ��1�. The First M�rtga�� B�nds �f the 2.8�°�o Seri�s shall mature �n June 15, ��, and shall bear interest at�th�rate of�.8�°�o per annum, fr�m June 1 S, 2�1� or from the m�st r�cent dat� to v�vhi�h int�rest has be�n paid or duly pr�vided f�ry pa�able semi-annually on the 1 S�' da� of I�ecemb�r ar�� the 15th day af June �each, an "Int�rest Pa�m�nt Dat�"� in each �e�.r, ��mmencing Decemb�r 1 S, ��1�. Any interest ai� any First M�rtga�� B�nd �f the �.��°�o S�ries v�hi�h is payabl�, an� is punctuall� paid or duly provided f�r, or� any Interest Paym�nt Date shall b� paid to th� Persan 1n vvhos� narne such First Mort�a�� Band of the �.8�°�o S�ries ��r one �r mor� Predecessor Bonds� is registered at the clos� af business �n th� Ma� 3��t ar �avemb�r 3��h, as the case ma� be �v�hether �r not a Business Da�} next �receding such Interest Payment Date. The First Mart�a�e Bonds of the �.5�°�o S�ri�s shall bear int�r�st �.t the D�fault F�at� und�r th� cir�umstances s�t f�rth in the ��rm ��such �and set f�rth in �ecti�n 3 �f this Article I. Section �. The First Mort�ag� ��r�ds of the �.8�� Seri�s sha11 be issu�d anl� as registered Bands withaut caupons af �he denominatiar� af �1,��, or an� integral multipl� af $1 in ex��ss af$l,�0�, appropriatel� number�d. Th� First IVlortgage B�r�ds �f the �.��°�� S�ries may be �xch�nged, up�n surrend�r ther�of, at the office or a�enc� �f the �ompar�y in �th� Borough of Man.hattan, The �it� �f Ne�v Y�rk, State of Nev� Y�rl�, f�r one or rr�ore First Martga�e Bonds of the �.8�°�o Series of oth�r authori�ed den�min�.tions, f�r the same a�gregate principal amount, subaect t� the tern�s and �onditi�ns set forth in the Inder�ture. First Mart�a�� B�nds �� the �.S�°�o S�ries may be �xchanged �r transferr�d vvi�thaut ��p�ns�to the H�lder thereof ex.c�pt�hat an� ta�es ar�ther g�vernm�r�t�.l charges requir�d to be paid with r�spe�t ta su�h transf�r �r exchan�� sh�ll be paid �y the Holder re�uesting such transf�r or �xchan�� as a condition pr�ced�n� ta the exercise �f such pri�rilege, other than e��h�n�es pursuant to Se�ti�n 3.��, 5.�� or 1�.�� fthe Indenture, nat inv�lving arly transfer. � �ORE1��5�323.�1581124�47333.�