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<br /> ' . �DEM�''dTON � .
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<br /> , �'.�� �e�tian 2. '1'l�e 1Vew Nfortgage��onds of the 6.9�%Series sball,ugon tY�e notice aad
<br /> �-�=:M-=� . � � �t�e e� :�i� �i�clP Five of the �r.u?inat,Indent�rc,.a� _. �
<br /> ..,. .� ._ '.�. ny ���� j F . -
<br /> -.' ' � � amended by Section 3 of tbis Article Iff,be redeemabls (othe�a�ise than ont of moncys_
<br /> � `� ' � spec�fied in Section 2 of t�is ArticIe III�,�a�any teme, on oY after Septem�er I, 1997 ettd �},:
<br /> ' �� grioa to rraat�rity,at the option of tdie Cflmpacry,as a whole,upan payment of the prlasipal , �:�-�_�._
<br /> .. , . :: . .. =�_
<br /> ,�. <.. '. � � affiount of e�ch a�td� New 16tfartgage Bonds af the 6.99°l0 3erIes to be redeem�d, �atd -.:.-.
<br /> �_,�,:::
<br />-- - (. .�� acclu�i�erest t��.tcb.�3ze redempEioa date,together arith tgte applicabI�Mako-'4Vho�e __
<br /> ', , �uoa�t(as her�,�`dei�ned}. ' " .,
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<br /> �. :ir f:. `�;, . :•` On ar befare the redemption date sgecified in the notice of redemption given hy the . r��_.
<br /> - ' . • �° .`'�� �P�Y ��ded in the Indenture,th�Compaay shaU depiver to eacb holder of the �;;:;. r�
<br /> : �; �. � =; �
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<br /> 5, : ,: ,, ., - .-. ._�--. --. ._New Mortgage Boads o�t�ae b.99%Series to be redeemed,a certefcate sig�ed a prinapail •
<br /> . ... .. bY .
<br /> =�:':�'' � '• �� �fiaanaal offc�r af the Coffipany setting�ortU tl�e�Make 1Nlio2�Affitsttni����c;rmined in-good- �,----�-�---:- �� `"�'
<br /> . .11',.,.--.' 4:.T'-r__: . ' . �..�
<br /> �,£:_.-- �w,'._._-- �th b�r We Com as'af the date five busiuess days prior to'�e date Q� suc� ==
<br /> .,�r .... Q,,.� P�Y . . _
<br /> ' ' ..�� redsmption� if ai►Y�aPPlicab2e w th� New 1Viortgage Bonds of the 6� Se�ies�eld by _
<br />-�� . --��- _ such holder s�to be redeemed.__In 4he event ti;e Company shaU incaa�tty cflmpute the � _r:-
<br /> ::....,;�. � � . --
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<br /> . f:��},'.. � ::;. M s 1 a e-W h o l e A m o u u t a b l e i n c o n u e c u o n w i t h a�r y N e w I V l o rt g a g e�n d o f t h e G.�310 _�_�--
<br /> ���, �. .�.... .,�. P Ya . �--� _
<br /> �.,=�"-�`� --...° . . Series,the holderr of snch Boad shati noi be bound f�y such incorrect cximputatio�t,but sba11 -.-.
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<br />��'A�.:' . ' ' � � '
<br />�`.��''�_.'>:`�:...,.�:. -;t,� ins4ead be entitPc�to receive an affiau�u equal m the correct Make WhmB�Amouat,if aay, �''
<br /> .�,,� ..r . -
<br /> ;� . . computed in compriaace wath the tea�,�zreo£ ,
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<br /> Yr:y :•,.': � '•}. f'L� �G{i�W!J�7�����1: - � �: ._-
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<br /> -.c�ri.=: "'y�.. . ' ' ' � ' . __
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<br />- .as�:;�',: ;.:�.:� j atty, �7 ��� P�
<br /> � ,�;;;;�;Y�-•� "Niake-WhoIe Amount" shall aiean the excess, if of � the te es�at =
<br /> ;:;•�;,{i,:�:' :;: � value as of the daxe of sucb redemption o€each dollar of principal being.prepai@ and the � -
<br />- '�?������'�'"r:� aYnoumt of inteaest(exclusive of interes4 accrued ta�t�e date of redem�tiom)t�at would have
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<br /> :�,;Y,�.:_:; �• • � been payable im r�sp�t of such dollar if such redem�tion had not been made�dete
<br />= ��_�'� � � by disco�nUng s�ueTi amounts at the Reinvestment R�te from the respective dates on which
<br />_ ,,t_.: . . _
<br /> .!�ir�. N .-.
<br /> �"�" -� '�� they wou2d hav�been payable,over(ii) 100%a of the principal amount oF the ouistand�ng
<br /> . � -- � New Mortgage Bonds of the 6 9�°l'o Serles 6eing redeemed. If the lteimrestment Rete is �
<br /> -__- � equai w or tug�er than 6.S`9%,the Ma1se-Whule Amaunt shaU be zero. For purpmse�of a�y � '
<br />- i��� � deteraninat��►n of the Make•Whole A;:��un� �'�' �
<br /> °=mi�,;=�},;�� � ' . �
<br />.��" 3 � � "Reinvestme��2ate"shall mean tlie az3thmeuc naean of the yields under tha --
<br />�'�: , . .
<br /> _ --"n=. �respective headin�s'This Weel�'and'�st Week"pui�)ished in the 5tattstical ReTease :� ;
<br />- � urider t�rapt�on'Treasury Canstant Maturities"fa�.��e maturity(YOUnded to the =
<br />' ~ _`-��`'�� nearest �nth) coaesponding to the Weigi�ted Average Iafe to Maturity of tt�e . __
<br />_ - �:'`:'�' 'principal amount of the New Mortgage Bond�of tice 6.99%Series being redeemed '� . _
<br /> .."�'q"'�,`'; : � If na maburity exactty conespan d s to suc 4�Wei g h t e d Avesage L i f e t a M a t u�i t y,y i e l d s --
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<br /> - ��•� �, for the two published matural�s most closely conesponding to such Weighted
<br /> =1�l,.`:'�2'.yC . _
<br /> ° -��.{,,��: Average F.ufe to Maturity shaJ�.�e�alculated pursuant to the immediately g;��eding __
<br /> � ;����:;�'t` -, . se n t e a c e a n d t h e 1 8�i m r e s t m e n t R a t e s h a U 6 e i n t e r p o l a t e d o r�t r a p o l a t e d f r a m s u c h , =_
<br /> ,..k•:�'�. . � �.:`.-
<br /> ,;�;;� .i�-; � .: . ,,, yields on a straigha�bas�s,rounding in each of sucb reIevant periads to the nearest ��� _:__
<br /> `_ , ���� . month h�or the purposes.of calculating the Reim�estment Rate,the most recent � �,.���r
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<br />��� `.� ;.'..•- , : ' Ite�Nortpbge BanCs ot tho 6.99%SeMea -� F.:-
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