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200410978 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by a person purporting to be its duly authorized officer, stating that the acceleration of the Senior Notes has been rescinded or annulled in accordance with the Senior Note Indenture (a "Rescission Notice "). Each Rescission Notice also shall state the date on which the acceleration of the Senior Notes was rescinded or annulled in accordance with the Senior Note Indenture and, as consequence, the acceleration of the First Mortgage Bonds, Collateral (2004) Series C was rescinded or annulled in accordance with the Supplemental Indenture.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). Additional Terms First Mortgage Bonds, Collateral (2004) Series C, 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 the Supplemental Indenture to the contrary (other than the provisions of subdivision (III) below), each payment of principal of, premium (if any) or interest on the First Mortgage Bonds, Collateral (2004) Series C 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 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. (II) 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 the 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 thereof shall 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 thereof 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). NY55/405431.7 C -5