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200410978 that becomes due and payable on any day in accordance with this Supplemental Indenture (whether by reason of stated due date, acceleration, redemption or otherwise) shall correspond to, and be equal to, the Senior Notes Applicable Share of, a payment of principal of, premium (if any) or interest on the Senior Notes that becomes due and payable on such day in accordance with the Senior Note Indenture. (III) The obligation of the Company to make each payment of principal of, premium (if any) or interest on the First Mortgage Bonds, Collateral (2004) Series C that becomes due and payable in accordance with this Supplemental Indenture (A) shall be fully satisfied and discharged if the corresponding payment of the principal of, premium (if any) or interest on the Senior Notes shall have been fully paid, or if provision for the full payment of the Senior Notes shall have been made (by depositing moneys sufficient for such full payment with the Senior Note Trustee), in either case under and in accordance with the Senior Note Indenture, and (B) shall be partially satisfied and discharged if the corresponding payment of the principal of, premium (if any) or interest on the Senior Notes shall have been partially paid, or if provision for the partial payment of the Senior Notes shall have been made (by depositing moneys sufficient for such partial payment with the Senior Note Trustee), in either case under and in accordance with the Senior Note Indenture (such partial satisfaction and discharge with respect to the First Mortgage Bonds, Collateral (2004) Series C to be in an amount equal to the Senior Notes Applicable Share of the amount of such partial payment or provision for partial payment with respect to the Senior Notes). The Trustee may conclusively presume that the obligation of the Company to make payments with respect to the principal of, premium (if any) and interest on the First Mortgage Bonds, Collateral (2004) Series C has been fully satisfied and discharged unless and until the Trustee shall have received a written notice from the Senior Note Trustee, signed by a person purporting to be its duly authorized officer, stating (i) that the Company has failed to make timely payment in full or in part of an amount of principal of, premium (if any) and/or interest on the Senior Notes which became due and payable in accordance with the Senior Note Indenture, (ii) the amount and date of such payment of principal of, premium (if any) and/or interest on the Senior Notes which the Company has failed to make in accordance with the Senior Note Indenture, and (iii) the amount of principal of, premium (if any) and/or interest on the First Mortgage Bonds, Collateral (2004) Series C which, in accordance with this Supplemental Indenture, has not been satisfied and discharged by reason of such failure of the Company. The Trustee may conclusively presume the statements contained in any such notice from the Senior Note Trustee to be correct unless and until the Trustee shall receive a subsequent and/or modified notice from the Senior Note Trustee pursuant to and in accordance with this subdivision (III) (and the Trustee shall be fully protected in relying thereon). Without limitation of the foregoing, and for the avoidance of any doubt, it is expressly stated that the Trustee shall not be responsible for (i) the calculation of interest on the First Mortgage Bonds, Collateral (2004) Series C, or (ii) the determination of any amount (including, without limitation, any principal of, premium (if any) or interest on the Senior Notes) that is payable or paid under the Senior Note Indenture. (IV) Nothing herein or in any of the First Mortgage Bonds, Collateral (2004) Series C (including, without limitation, any reference to the principal payable with respect to the First Mortgage Bonds, Collateral (2004) Series C being determined on the NY55/405431.7 22