EX-4.2





 Exhibit 4.2 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT
WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS, OR THE
AVAILABILITY OF AN EXEMPTION FROM THE REGISTRATION PROVISIONS OF THE SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS. 

UNITIL CORPORATION 

3.43% SENIOR NOTE, SERIES 2019, DUE DECEMBER 18, 2029

  

			
	No. R-1	  	December 18, 2019
	$15,000,000	  	PPN 913259 A#4

 FOR VALUE RECEIVED, the undersigned, Unitil Corporation (herein
called the “Company”), a corporation organized and existing under the laws of the State of New Hampshire, hereby promises to pay to CHIMEFISH & CO, or registered assigns, the principal sum of
FIFTEEN MILLION DOLLARS (or so much thereof as shall not have been prepaid) on December 18, 2029 (the “Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 3.43% per annum from the date hereof, payable semiannually, on the 18th day of
December and June in each year, commencing with the June 18 or December 18 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, or (b) without duplication with clause
(a) above, to the extent permitted by law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole
Amount, at a rate per annum from time to time equal to the greater of (i) 5.43% or (ii) 2% over the rate of interest publicly announced by Bank of America, N.A. from time to time in Charlotte, North Carolina as its “base” or
“prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand). 
 Payments of
principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal office of the Company in Hampton, New Hampshire, or at such other place as the Company
shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below. 
 This
Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to, and subject to, the Note Purchase Agreement, dated as of December 18, 2019 (as from time to time amended, the “Note Purchase
Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits and subject to the obligations thereof. Each holder of this Note will be deemed, by its acceptance hereof, to have (i) agreed
to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized terms used in
this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement. 












 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon
surrender of this Note for registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will
be issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and
for all other purposes, and the Company will not be affected by any notice to the contrary. 
 This Note is subject to optional prepayment
in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 
 If an
Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase
Agreement. 

  
 -2- 













 This Note shall be construed and enforced in accordance with, and the rights of the Company
and the holder of this Note shall be governed by, the law of the State of New York excluding choice-of-law principles of the law of such State that would permit the
application of the laws of a jurisdiction other than such State. 
  

					
	UNITIL CORPORATION
		
	By	 	 /s/ Christine L. Vaughan

		 	Name:	 	Christine L. Vaughan
		 	Title:	 	Senior Vice President, Chief Financial Officer & Treasurer



  
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 SCHEDULE 

Notes (including Omitted Notes) 

$30,000,000 3.43% Senior Notes, Series 2019, due December 18, 2029 

PPN 913259 A#4 
  

							
	
NAME OF REGISTERED 
PAYEE
	  	IDENTIFYING
NUMBER	  	PRINCIPAL
AMOUNT	 
	 CHIMEFISH & CO, as nominee for American Equity Investment
Life Insurance Company
	  	R-1	  	$	15,000,000	 
	 THE GUARDIAN LIFE INSURANCE
COMPANY OF AMERICA
	  	R-2	  	$	12,000,000	 
	 BERKSHIRE LIFE INSURANCE COMPANY
OF AMERICA
	  	R-3	  	$	1,500,000	 
	 THE GUARDIAN INSURANCE &
ANNUITY COMPANY, INC.
	  	R-4	  	$	1,500,000