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200410978 to which it corresponds (consisting of principal of and, if applicable to such redemption of Senior Notes in accordance with the Senior Note Indenture, premium on such Senior Notes), together with interest accrued on the principal included in such redemption price to such Senior Notes Redemption Payment Date (a "Corresponding Redemption Amount'); and such Corresponding Redemption Amount shall be due and payable on such Senior Notes Redemption Payment Date. Each Acceleration Redemption of First Mortgage Bonds, Collateral (2004) Series C on a Senior Notes Acceleration Payment Date shall be at a redemption price equal to the principal amount of the First Mortgage Bonds, Collateral (2004) Series C (without premium), together with interest accrued on said principal to such Senior Notes Acceleration Payment Date (an "Acceleration Redemption Amount "); and such Acceleration Redemption Amount shall be due and payable on such Senior Notes Acceleration Payment Date. In the event of any failure by the Company to pay when due the Corresponding Redemption Amount with respect to a Corresponding Redemption of First Mortgage Bonds, Collateral (2004) Series C or the Acceleration Redemption Amount with respect to an Acceleration Redemption of First Mortgage Bonds, Collateral (2004) Series C, interest shall accrue on 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 the 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 the First Mortgage Bonds, Collateral (2004) Series C to be redeemed on such date in accordance with the 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 the Supplemental Indenture) and setting forth the amounts of the respective portions thereof representing principal of, premium (if any) and interest on the 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 the 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). NY55/4054313 C_4