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200302132 necessity for, any record date; the principal of and interest on each said Bond to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the united States of America as at the time of payment is legal tender for public and private debts. New Mortgage Bonds of the Credit Agreement Series (2002) shall be dated as in Section 3.03(c) of the Original Indenture (as supplemented) provided. As used herein, "Business Day" means a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close. As permitted pursuant to Sections 3.01 and 5.06 of the Mortgage (as supplemented), scheduled amortization payments with respect to the New Mortgage Bonds of the Credit Agreement (2002) Series (as specified for the New Mortgage Bonds of the Credit Agreement (2002) Series prior to the Maturity Date pursuant to the preceding paragraph of this Section 1) shall not constitute redemption in part of the New Mortgage Bonds of the Credit Agreement (2002) Series for purposes of Section 5.06 of the Mortgage (as supplemented) (and, therefore, surrender of the New Mortgage Bonds of the Credit Agreement (2002) Series shall not be a condition to the receipt by the registered owners of the New Mortgage Bonds of the Credit Agreement (2002) Series of such scheduled amortization payments). SECTION 2. New Mortgage Bonds of the Credit Agreement (2002) Seri es shall be issued only as registered Bonds without coupons of the denomination of $1,000, or any integral multiple of $1 in excess of 51,000, appropriately numbered. New Mortgage Bonds of the Credit Agreement (2002) Series may be exchanged, upon surrender thereof, at the office or agency of the Company in the Borough of Manhattan, The City of New York, State of New York, for one or more New Mortgage Bonds of the Credit Agreement (2002) Series of other authorized denominations, for the same aggregate principal amount, subject to the terms and conditions set forth in the Indenture. New Mortgage Bonds of the Credit Agreement (2002) Series shall not be transferable except to any successor Collateral Agent under the Collateral Agreement; provided, however, that, subject to compliance with the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), (i) on or after the day on which the Loans are accelerated in accordance with the Credit Agreement (the "Acceleration Da J'), all (but not less than all) of the New Mortgage Bonds of the Credit Agreement (2002) Series shall be transferable by the Collateral Agent (together with all (but not less than all) of the Montana Credit Agreement Bonds) to or upon the order of the Lenders in full satisfaction and discharge of the Loans and the Obligations (as defined in the Collateral Agreement) pursuant to Section 4.1 of the Collateral Agreement, and (ii) following such transfer by the Collateral Agent, New Mortgage Bonds of the Credit Agreement (2002) Series shall be transferable (without restriction (except as hereinafter in the following two paragraphs described)) by the registered owners thereof. As a condition precedent to any transfer of the New Mortgage Bonds of the Credit Agreement (2002) Series 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 NT5 5/23 39 3 8. 13