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200410978 such unpaid Corresponding Redemption Amount or such unpaid Acceleration Redemption Amount at the rates (and in amounts equal to the Senior Notes Applicable Share of the amounts) of interest that accrue on the corresponding unpaid principal of, premium (if any) and interest on the Senior Notes in accordance with the Senior Note Indenture. The Trustee may conclusively presume that no redemption of First Mortgage Bonds, Collateral (2004) Series C is required unless and until it shall have received a written notice from the Senior Note Trustee, signed by a person purporting to be its duly authorized officer, stating that Senior Notes became due and payable pursuant to Section 405 or 702 of the Senior Note Indenture by reason of redemption or acceleration in accordance with the Senior Note Indenture (a "Redemption Demand "). Each Redemption Demand also shall state (i) the date on which Senior Notes became due and payable by reason of redemption or acceleration in accordance with the Senior Note Indenture, (ii) the principal amount of the Senior Notes that became so due and payable on such date, (iii) the principal amount of First Mortgage Bonds, Collateral (2004) Series C to be redeemed on such date in accordance with this Supplemental Indenture by reason of such redemption or acceleration, and (iv) the Corresponding Redemption Amount or the Acceleration Redemption Amount payable on such date with respect to First Mortgage Bonds, Collateral (2004) Series C (determined in accordance with this Supplemental Indenture) and setting forth the amounts of the respective portions thereof representing principal of, premium (if any) and interest on First Mortgage Bonds, Collateral (2004) Series C. Each Redemption Demand shall be deemed to constitute a waiver by the Senior Note Trustee, as registered owner of all First Mortgage Bonds, Collateral (2004) Series C then Outstanding, of notice of redemption and call for redemption by the Company or the Trustee of First Mortgage Bonds, Collateral (2004) Series C subject to redemption as described in such Redemption Demand. The Trustee may conclusively presume the statements contained in each Redemption Demand to be correct (and the Trustee shall be fully protected in relying thereon). The Trustee may conclusively presume that no rescission or annulment of an Acceleration Redemption (in respect of which the Trustee has received a Redemption Demand) is required unless and until it shall have received a written notice from the Senior Note Trustee, signed by a person purporting to be its duly authorized officer, stating that the acceleration of the Senior Notes has been rescinded or annulled in accordance with the Senior Note Indenture (a "Rescission Notice "). Each Rescission Notice also shall state the date on which the acceleration of the Senior Notes was rescinded or annulled in accordance with the Senior Note Indenture and, as consequence, the redemption of First Mortgage Bonds, Collateral (2004) Series C was rescinded or annulled in accordance with this Supplemental Indenture. The Trustee may conclusively presume the statements contained in any Rescission Notice to be correct (and the Trustee shall be fully protected in relying thereon). (II) It is expressly stated (for the avoidance of any doubt) that, notwithstanding anything herein or in any First Mortgage Bonds, Collateral (2004) Series C to the contrary (other than the provisions of subdivision (IV) below), each payment of principal of, premium (if any) or interest on the First Mortgage Bonds, Collateral (2004) Series C NY55/405431.7 21