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200410978 Additional Terms First Mortgage Bonds, Collateral (2004) Series A, of which this Bond is one, shall be subject to the following other terms and conditions: (I) It is expressly stated (for the avoidance of any doubt) that, notwithstanding anything in this bond or in the Supplemental Indenture to the contrary (other than the provisions of subdivision III below), each payment of principal of or interest on the First Mortgage Bonds, Collateral (2004) Series A that becomes due and payable on any day (whether by reason of stated due date, acceleration, redemption or otherwise) shall correspond to, and be equal to the Revolving Credit Applicable Share of, a payment of Revolving Credit Obligations that becomes due and payable on such day in accordance with the Credit Agreement. (II) The obligation of the Company to make each payment of principal of or interest on the First Mortgage Bonds, Collateral (2004) Series A that becomes due and payable in accordance with the Supplemental Indenture (A) shall be fully satisfied and discharged if the corresponding payment of the Revolving Credit Obligations shall have been fully paid under and in accordance with the Credit Agreement, and (B) shall be partially satisfied and discharged if the corresponding payment of the Revolving Credit Obligations shall have been partially paid under and in accordance with the Credit Agreement (such partial satisfaction and discharge with respect to the First Mortgage Bonds, Collateral (2004) Series A to be in an amount equal to the Revolving Credit Applicable Share of the amount of such partial payment with respect to the Revolving Credit Obligations). (III) Nothing in any of the First Mortgage Bonds, Collateral (2004) Series A (including, without limitation, any reference to the principal payable with respect to the First Mortgage Bonds, Collateral (2004) Series A being determined on the basis of the Revolving Credit Applicable Share of the principal payable with respect to the Revolving Credit Obligations) shall, or shall be deemed or construed to, increase the aggregate principal amount of the First Mortgage Bonds, Collateral (2004) Series A that are Outstanding at any time to an amount in excess of the Maximum Principal Amount as in effect at such time. Transfer Restrictions First Mortgage Bonds, Collateral (2004) Series A, of which this Bond is one, shall not be transferable except to any successor Collateral Agent under the Collateral Agreement. As a condition precedent to any transfer of the First Mortgage Bonds, Collateral (2004) Series A by the Collateral Agent, the Collateral Agent shall submit to the Company, the Trustee and the Bond Registrar (in addition to all other documents and instruments required to be submitted to the Bond Registrar pursuant to the Indenture) a certificate of the Collateral Agent, signed by a person purporting to be its duly authorized officer, certifying that the transferee in such transfer is a successor Collateral Agent under the Collateral Agreement (and the Trustee and the Bond Registrar may conclusively presume the statements in any such certificate of the Collateral Agent to be correct). NY55/405431.7 A-7