Document:

exhibit4f.htm

    
      Exhibit
4(f)

       

      

    

     

    PPL
ELECTRIC UTILITIES CORPORATION

    (formerly
PP&L, Inc. and Pennsylvania Power & Light Company)

     

    TO

     

    DEUTSCHE
BANK TRUST COMPANY AMERICAS

     

    (formerly
Bankers Trust Company,

    successor
to Morgan Guaranty Trust Company of New York,

    formerly
Guaranty Trust Company of New York)

    

    

    

    As
Trustee under PPL Electric Utilities Corporation’s

    Mortgage
and Deed of Trust,

    Dated
as of October 1, 1945

     

    _____________________________

     

    Seventy-eighth
Supplemental Indenture

    

    

    

    Providing
among other things for

    First
Mortgage Bonds, Variable Rate Pollution Control Series 2008

     

    

     

    _____________________________

     

    Dated as
of  October 1, 2008

     

    
      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      

    

    Seventy-eighth
Supplemental Indenture

     

    SEVENTY-eighth
SUPPLEMENTAL INDENTURE, dated as of the 1st day
of October, 2008 made and entered into by and between PPL ELECTRIC UTILITIES
CORPORATION (formerly PP&L, Inc. and Pennsylvania Power & Light
Company), a corporation of the Commonwealth of Pennsylvania, whose address is
Two North Ninth Street, Allentown, Pennsylvania 18101 (hereinafter sometimes
called the Company), and DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly Bankers
Trust Company), a corporation of the State of New York, whose address is 60 Wall
Street, New York, New York 10005 (hereinafter sometimes called the Trustee), as
Trustee under the Mortgage and Deed of Trust, dated as of October 1, 1945
(hereinafter called the Mortgage and, together with any indentures supplemental
thereto, hereinafter called the Indenture), which Mortgage was executed and
delivered by Pennsylvania Power & Light Company to secure the payment of
bonds issued or to be issued under and in accordance with the provisions of the
Mortgage, reference to which said Mortgage is hereby made, this instrument
(hereinafter called the Seventy-eighth Supplemental Indenture) being
supplemental thereto.

     

    WHEREAS,
said Mortgage was or is to be recorded in various Counties in the Commonwealth
of Pennsylvania, which Counties include or will include all Counties in which
this Seventy-eighth Supplemental Indenture is to be recorded; and

     

    WHEREAS,
by amendment to its Articles of Incorporation filed in the Office of the
Secretary of State of Pennsylvania on September 12, 1997, the Company
changed its name to PP&L, Inc.; and

     

    WHEREAS,
by an amendment to its Articles of Incorporation filed with the Office of the
Secretary of State of Pennsylvania on February 14, 2001, the Company
changed its name to PPL Electric Utilities Corporation; and

     

    WHEREAS,
an instrument, dated August 5, 1994, was executed by the Company appointing
Bankers Trust Company as Trustee in succession to said Morgan Guaranty Trust
Company of New York (resigned) under the Indenture, and by Bankers Trust Company
accepting said appointment, which instrument was or is to be recorded in various
Counties in the Commonwealth of Pennsylvania; and

     

    WHEREAS,
by an amendment to its Articles of Incorporation filed in the office of the
Secretary of State of New York, effective April 15, 2002, the Trustee changed
its name to Deutsche Bank Trust Company Americas; and

     

    WHEREAS,
by the Mortgage the Company covenanted that it would execute and deliver such
supplemental indenture or indentures and such further instruments and do such
further acts as might be necessary or proper to carry out more effectually the
purposes of the Indenture and to make subject to the lien of the Indenture any
property thereafter acquired and intended to be subject to the lien thereof;
and

     

    WHEREAS,
the Company executed and delivered as supplements to the Mortgage, the following
supplemental indentures:

     

    
      
        	
                Designation

              	
                Dated as
      of

              
	 	 
	
                First
      Supplemental
      Indenture                                                                           

              	
                July
      1, 1947

              
	
                Second
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1948

              
	
                Third
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1950

              
	
                Fourth
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1953

              
	
                Fifth
      Supplemental
      Indenture                                                                           

              	
                August
      1, 1955

              
	
                Sixth
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1961

              
	
                Seventh
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1964

              
	
                Eighth
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1966

              
	
                Ninth
      Supplemental
      Indenture                                                                           

              	
                November
      1, 1967

              
	
                Tenth
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1967

              
	
                Eleventh
      Supplemental
      Indenture                                                                           

              	
                January
      1, 1969

              
	
                Twelfth
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1969

              
	
                Thirteenth
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1970

              
	
                Fourteenth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1971

              
	
                Fifteenth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1972

              
	
                Sixteenth
      Supplemental
      Indenture                                                                           

              	
                January
      1, 1973

              
	
                Seventeenth
      Supplemental
      Indenture                                                                           

              	
                May
      1, 1973

              
	
                Eighteenth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1974

              
	
                Nineteenth
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1974

              
	
                Twentieth
      Supplemental
      Indenture                                                                           

              	
                May
      1, 1975

              
	
                Twenty-first
      Supplemental
      Indenture                                                                           

              	
                November
      1, 1975

              
	
                Twenty-second
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1976

              
	
                Twenty-third
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1977

              
	
                Twenty-fourth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1979

              
	
                Twenty-fifth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1980

              
	
                Twenty-sixth
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1980

              
	
                Twenty-seventh
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1980

              
	
                Twenty-eighth
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1980

              
	
                Twenty-ninth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1981

              
	
                Thirtieth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1981

              
	
                Thirty-first
      Supplemental
      Indenture                                                                           

              	
                September
      1, 1981

              
	
                Thirty-second
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1982

              
	
                Thirty-third
      Supplemental
      Indenture                                                                           

              	
                August
      1, 1982

              
	
                Thirty-fourth
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1982

              
	
                Thirty-fifth
      Supplemental
      Indenture                                                                           

              	
                November
      1, 1982

              
	
                Thirty-sixth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1983

              
	
                Thirty-seventh
      Supplemental
      Indenture                                                                           

              	
                November
      1, 1983

              
	
                Thirty-eighth
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1984

              
	
                Thirty-ninth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1984

              
	
                Fortieth
      Supplemental
      Indenture                                                                           

              	
                August
      15, 1984

              
	
                Forty-first
      Supplemental
      Indenture                                                                           

              	
                December
      1, 1984

              
	
                Forty-second
      Supplemental
      Indenture                                                                           

              	
                June
      15, 1985

              
	
                Forty-third
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1985

              
	
                Forty-fourth
      Supplemental
      Indenture                                                                           

              	
                January
      1, 1986

              
	
                Forty-fifth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1986

              
	
                Forty-sixth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1986

              
	
                Forty-seventh
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1986

              
	
                Forty-eighth
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1988

              
	
                Forty-ninth
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1988

              
	
                Fiftieth
      Supplemental
      Indenture                                                                           

              	
                January
      1, 1989

              
	
                Fifty-first
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1989

              
	
                Fifty-second
      Supplemental
      Indenture                                                                           

              	
                July
      1, 1991

              
	
                Fifty-third
      Supplemental
      Indenture                                                                           

              	
                May
      1, 1992

              
	
                Fifty-fourth
      Supplemental
      Indenture                                                                           

              	
                November
      1, 1992

              
	
                Fifty-fifth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 1993

              
	
                Fifty-sixth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1993

              
	
                Fifty-seventh
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1993

              
	
                Fifty-eighth
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1993

              
	
                Fifty-ninth
      Supplemental
      Indenture                                                                           

              	
                February
      15, 1994

              
	
                Sixtieth
      Supplemental
      Indenture                                                                           

              	
                March
      1, 1994

              
	
                Sixty-first
      Supplemental
      Indenture                                                                           

              	
                March
      15, 1994

              
	
                Sixty-second
      Supplemental
      Indenture                                                                           

              	
                September
      1, 1994

              
	
                Sixty-third
      Supplemental
      Indenture                                                                           

              	
                October
      1, 1994

              
	
                Sixty-fourth
      Supplemental
      Indenture                                                                           

              	
                August
      1, 1995

              
	
                Sixty-fifth
      Supplemental
      Indenture                                                                           

              	
                April
      1, 1997

              
	
                Sixty-sixth
      Supplemental
      Indenture                                                                           

              	
                May
      1, 1998

              
	
                Sixty-seventh
      Supplemental
      Indenture                                                                           

              	
                June
      1, 1999

              
	
                Sixty-eighth
      Supplemental
      Indenture                                                                           

              	
                August
      1, 2001

              
	
                Sixty-ninth
      Supplemental
      Indenture                                                                           

              	
                January
      1, 2002

              
	
                Seventieth
      Supplemental
      Indenture                                                                           

              	
                February
      1, 2003

              
	
                Seventy-first
      Supplemental
      Indenture                                                                           

              	
                May
      1, 2003

              
	
                Seventy-second
      Supplemental
      Indenture                                                                           

              	
                February
      1, 2005

              
	
                Seventy-third
      Supplemental
      Indenture                                                                           

              	
                May
      1, 2005

              
	
                Seventy-fourth
      Supplemental
      Indenture                                                                           

              	
                June
      1, 2005

              
	
                Seventy-fifth
      Supplemental
      Indenture                                                                           

              	
                December
      1, 2005

              
	
                Seventy-sixth
      Supplemental
      Indenture                                                                           

              	
                August
      1, 2007

              
	
                Seventh-seventh
      Supplemental
      Indenture                                                                           

              	
                October
      1, 2008

              

      

    

     

    which
supplemental indentures were or are to be recorded in various Counties in the
Commonwealth of Pennsylvania; and

     

    WHEREAS,
the Company executed and delivered its Supplemental Indenture, dated July 1,
1954, creating a security interest in certain personal property of the Company,
pursuant to the provisions of the Pennsylvania Uniform Commercial Code, as a
supplement to the Mortgage, which Supplemental Indenture was filed in the Office
of the Secretary of the Commonwealth of Pennsylvania on July 1, 1954, and all
subsequent supplemental indentures were so filed; and

     

    WHEREAS,
in addition to the property described in the Mortgage, as heretofore
supplemented, the Company has acquired certain other property, rights and
interests in property; and

     

    WHEREAS,
the Company has heretofore issued, in accordance with the provisions of the
Mortgage, as supplemented, the following series of First Mortgage
Bonds:

     

    

     

    
      	
               

               

              Series

            	
              Principal

              Amount

              Issued

            	
              Principal

              Amount

              Outstanding

            
	 	 	 
	
              3%
      Series due
      1975                                                                        

            	
              $93,000,000

            	
              None

            
	
              2-3/4%
      Series due
      1977                                                                        

            	
              20,000,000

            	
              None

            
	
              3-1/4%
      Series due
      1978                                                                        

            	
              10,000,000

            	
              None

            
	
              2-3/4%
      Series due
      1980                                                                        

            	
              37,000,000

            	
              None

            
	
              3-1/2%
      Series due
      1983                                                                        

            	
              25,000,000

            	
              None

            
	
              3-3/8%
      Series due
      1985                                                                        

            	
              25,000,000

            	
              None

            
	
              4-5/8%
      Series due
      1991                                                                        

            	
              30,000,000

            	
              None

            
	
              4-5/8%
      Series due
      1994                                                                        

            	
              30,000,000

            	
              None

            
	
              5-5/8%
      Series due
      1996                                                                        

            	
              30,000,000

            	
              None

            
	
              6-3/4%
      Series due
      1997                                                                        

            	
              30,000,000

            	
              None

            
	
              6-1/2%
      Series due
      1972                                                                        

            	
              15,000,000

            	
              None

            
	
              7%
      Series due
      1999                                                                        

            	
              40,000,000

            	
              None

            
	
              8-1/8%
      Series due June 1,
      1999                                                                        

            	
              40,000,000

            	
              None

            
	
              9%
      Series due
      2000                                                                        

            	
              50,000,000

            	
              None

            
	
              7-1/4%
      Series due
      2001                                                                        

            	
              60,000,000

            	
              None

            
	
              7-5/8%
      Series due
      2002                                                                        

            	
              75,000,000

            	
              None

            
	
              7-1/2%
      Series due
      2003                                                                        

            	
              80,000,000

            	
              None

            
	
              Pollution
      Control Series
      A                                                                        

            	
              28,000,000

            	
              None

            
	
              9-1/4%
      Series due
      2004                                                                        

            	
              80,000,000

            	
              None

            
	
              10-1/8%
      Series due
      1982                                                                        

            	
              100,000,000

            	
              None

            
	
              9-3/4%
      Series due
      2005                                                                        

            	
              125,000,000

            	
              None

            
	
              9-3/4%
      Series due November 1,
      2005                                                                        

            	
              100,000,000

            	
              None

            
	
              8-1/4%
      Series due
      2006                                                                        

            	
              150,000,000

            	
              None

            
	
              8-1/2%
      Series due
      2007                                                                        

            	
              100,000,000

            	
              None

            
	
              9-7/8%
      Series due
      1983-1985                                                                        

            	
              100,000,000

            	
              None

            
	
              15-5/8%
      Series due
      2010                                                                        

            	
              100,000,000

            	
              None

            
	
              11-3/4%
      Series due
      1984                                                                        

            	
              30,000,000

            	
              None

            
	
              Pollution
      Control Series
      B                                                                        

            	
              70,000,000

            	
              None

            
	
              Pollution
      Control Series
      C                                                                        

            	
              20,000,000

            	
              None

            
	
              14%
      Series due December 1,
      1990                                                                        

            	
              125,000,000

            	
              None

            
	
              15%
      Series due
      1984-1986                                                                        

            	
              50,000,000

            	
              None

            
	
              14-3/4%
      Series A due
      1986                                                                        

            	
              30,000,000

            	
              None

            
	
              14-3/4%
      Series B due
      1986                                                                        

            	
              20,000,000

            	
              None

            
	
              16-1/2%
      Series due
      1987-1991                                                                        

            	
              $52,000,000

            	
              None

            
	
              16-1/8%
      Series due
      1992                                                                        

            	
              100,000,000

            	
              None

            
	
              16-1/2%
      Series due
      1986-1990                                                                        

            	
              92,500,000

            	
              None

            
	
              13-1/4%
      Series due
      2012                                                                        

            	
              100,000,000

            	
              None

            
	
              Pollution
      Control Series
      D                                                                        

            	
              70,000,000

            	
              None

            
	
              12-1/8%
      Series due
      1989-1993                                                                        

            	
              50,000,000

            	
              None

            
	
              13-1/8%
      Series due
      2013                                                                        

            	
              125,000,000

            	
              None

            
	
              Pollution
      Control Series
      E                                                                        

            	
              37,750,000

            	
              None

            
	
              13-1/2%
      Series due
      1994                                                                        

            	
              125,000,000

            	
              None

            
	
              Pollution
      Control Series
      F                                                                        

            	
              115,500,000

            	
              None

            
	
              12-3/4%
      Series due
      2014                                                                        

            	
              125,000,000

            	
              None

            
	
              Pollution
      Control Series
      G                                                                        

            	
              55,000,000

            	
              None

            
	
              12%
      Series due
      2015                                                                        

            	
              125,000,000

            	
              None

            
	
              10-7/8%
      Series due
      2016                                                                        

            	
              125,000,000

            	
              None

            
	
              9-5/8%
      Series due
      1996                                                                        

            	
              125,000,000

            	
              None

            
	
              9%
      Series due
      2016                                                                        

            	
              125,000,000

            	
              None

            
	
              9-1/2%
      Series due
      2016                                                                        

            	
              125,000,000

            	
              None

            
	
              9-1/4%
      Series due
      1998                                                                        

            	
              125,000,000

            	
              None

            
	
              9-5/8%
      Series due
      1998                                                                        

            	
              125,000,000

            	
              None

            
	
              10%
      Series due
      2019                                                                        

            	
              125,000,000

            	
              None

            
	
              9-1/4%
      Series due
      2019                                                                        

            	
              250,000,000

            	
              None

            
	
              9-3/8%
      Series due
      2021                                                                        

            	
              150,000,000

            	
              None

            
	
              7-3/4%
      Series due
      2002                                                                        

            	
              150,000,000

            	
              None

            
	
              8-1/2%
      Series due
      2022                                                                        

            	
              150,000,000

            	
              None

            
	
              Pollution
      Control Series
      H                                                                        

            	
              90,000,000

            	
              None

            
	
              6-7/8%
      Series due
      2003                                                                        

            	
              100,000,000

            	
              None

            
	
              7-7/8%
      Series due
      2023                                                                        

            	
              200,000,000

            	
              None

            
	
              5-1/2%
      Series due
      1998                                                                        

            	
              150,000,000

            	
              None

            
	
              6-1/2%
      Series due
      2005                                                                        

            	
              125,000,000

            	
              None

            
	
              6%
      Series due
      2000                                                                        

            	
              125,000,000

            	
              None

            
	
              6-3/4%
      Series due
      2023                                                                        

            	
              150,000,000

            	
              None

            
	
              Pollution
      Control Series
      I                                                                        

            	
                53,250,000

            	
              None

            
	
              6.55%
      Series due
      2006                                                                        

            	
              150,000,000

            	
              None

            
	
              7.30%
      Series due
      2024                                                                        

            	
              150,000,000

            	
              None

            
	
              6-7/8%
      Series due
      2004                                                                        

            	
              150,000,000

            	
              None

            
	
              7-3/8%
      Series due
      2014                                                                        

            	
              100,000,000

            	
              10,290,000

            
	
              Pollution
      Control Series
      J                                                                        

            	
              115,500,000

            	
              None

            
	
              7.70%
      Series due
      2009                                                                        

            	
              200,000,000

            	
              325,000

            
	
              Pollution
      Control Series
      K                                                                        

            	
              55,000,000

            	
              None

            
	
              Short-Term
      Series
      A                                                                        

            	
              800,000,000

            	
              None

            
	
              6
      1/8% REset Put Securities Series due 2006

            	
              200,000,000

            	
              None

            
	
              Short-Term
      Series
      B                                                                        

            	
              600,000,000

            	
              None

            
	
              5-7/8%
      Series due August 15,
      2007                                                                        

            	
              300,000,000

            	
              None

            
	
              6-1/4%
      Series due August 15,
      2009                                                                        

            	
              500,000,000

            	
              485,785,000

            
	
              3.125%
      Pollution Control Series due
      2008                                                                        

            	
              90,000,000

            	
                90,000,0001

            
	
              4.30%
      Collateral Series due
      2013                                                                        

            	
              100,000,000

            	
              100,000,000

            
	
              4.70%
      Pollution Control Series due
      2029                                                                        

            	
              115,500,000

            	
              115,500,000

            
	
              4.75%
      Pollution Control Series due
      2027                                                                        

            	
              108,250,000

            	
              108,250,000

            
	
              4.95%
      Collateral Series due
      2015                                                                        

            	
              100,000,000

            	
              100,000,000

            
	
              5.15%
      Collateral Series due
      2020                                                                        

            	
              100,000,000

            	
              100,000,000

            
	
              6.45%
      Collateral Series due
      2037                                                                        

            	
              $250,000,000

            	
              $250,000,000

            
	
              7.125%
      Collateral Series due
      2013                                                                        

            	
              $400,000,000

            	
              $400,000,000

            
	 
      	 
      	 
      
	 
      
	
              
                1  To
      be retired at maturity in November 2008.

                 

              

            

    

    

     

    which
bonds are also sometimes called bonds of the First through Eighty-fifth Series,
respectively; and

     

    WHEREAS,
Section 8 of the Mortgage provides that the form of each series of bonds (other
than the First Series) issued thereunder shall be established by Resolution of
the Board of Directors of the Company and that the form of such series, as
established by said Board of Directors, shall specify the descriptive title of
the bonds and various other terms thereof, and may also contain such provisions
not inconsistent with the provisions of the Indenture as the Board of Directors
may, in its discretion, cause to be inserted therein expressing or referring to
the terms and conditions upon which such bonds are to be issued and/or secured
under the Indenture; and

     

    WHEREAS,
Section 120 of the Mortgage provides, among other things, that any power,
privilege or right expressly or impliedly reserved to or in any way conferred
upon the Company by any provision of the Indenture, whether such power,
privilege or right is in any way restricted or is unrestricted, may be in whole
or in part waived or surrendered or subjected to any restriction if at the time
unrestricted or to additional restriction if already restricted, and the Company
may enter into any future covenants, limitations or restrictions for the benefit
of any one or more series of bonds issued thereunder, or the Company may cure
any ambiguity contained therein or in any supplemental indenture or may
establish the terms and provisions of any series of bonds other than said First
Series, by an instrument in writing executed and acknowledged by the Company in
such manner as would be necessary to entitle a conveyance of real estate to
record in all of the States in which any property at the time subject to the
lien of the Indenture shall be situated; and

     

    WHEREAS,
the Company now desires to create a new series of bonds and to add to its
covenants and agreements contained in the Mortgage, as heretofore supplemented,
certain other covenants and agreements to be observed by it and to alter and
amend in certain respects the covenants and provisions contained in the
Mortgage; and

     

    WHEREAS,
the execution and delivery by the Company of this Seventy-eighth Supplemental
Indenture, and the terms of the bonds of the Eighty-sixth Series, hereinafter
referred to, have been duly authorized by the Board of Directors of the Company
by appropriate Resolutions of said Board of Directors;

     

    NOW,
THEREFORE, THIS INDENTURE WITNESSETH:  That PPL Electric Utilities
Corporation, in consideration of the premises and of One Dollar to it duly paid
by the Trustee at or before the ensealing and delivery of these presents, the
receipt whereof is hereby acknowledged, and in further evidence of assurance of
the estate, title and rights of the Trustee and in order further to secure the
payment both of the principal of and interest and premium, if any, on the bonds
from time to time issued under the Indenture, according to their tenor and
effect and the performance of all the provisions of the Indenture (including any
modification made as in the Mortgage provided) and of said bonds, hereby grants,
bargains, sells, releases, conveys, assigns, transfers, mortgages, pledges, sets
over and confirms (subject, however, to Excepted Encumbrances as defined in
Section 6 of the Mortgage) unto Deutsche Bank Trust Company Americas, as Trustee
under the Indenture, and to its successor or successors in said trust, and to
said Trustee and its successors and assigns forever, all property, real,
personal and mixed, of the kind or nature specifically mentioned in the
Mortgage, as heretofore supplemented, or of any other kind or nature, acquired
by the Company after the date of the execution and delivery of the Seventy-sixth
Supplemental Indenture (except any herein or in the Mortgage, as heretofore
supplemented, expressly excepted and except any which may not lawfully be
mortgaged or pledged under the Indenture), now owned or, subject to the
provisions of Section 87 of the Mortgage, hereafter acquired by the Company (by
purchase, consolidation, merger, donation, construction, erection or in any
other way) and wheresoever situated, including (without in anywise limiting or
impairing by the enumeration of the same the scope and intent of the foregoing)
all lands, power sites, flowage rights, water rights, water locations, water
appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways,
dams, dam sites, aqueducts, and all other rights or means for appropriating,
conveying, storing and supplying water; all rights of way and roads; all plants
for the generation of electricity by steam, water and/or other power; all power
houses, gas plants, street lighting systems, standards and other equipment
incidental thereto, telephone, radio and television systems, air-conditioning
systems and equipment incidental thereto, water works, water systems, steam heat
and hot water plants, substations, lines, service and supply systems, bridges,
culverts, tracks, ice or refrigeration plants and equipment, offices, buildings
and other structures and the equipment thereof; all machinery, engines, boilers,
dynamos, electric, gas and other machines, regulators, meters, transformers,
generators, motors, electrical, gas and mechanical appliances, conduits, cables,
water, steam heat, gas or other pipes, gas mains and pipes, service pipes,
fittings, valves and connections, pole and transmission lines, wires, cables,
tools, implements, apparatus, furniture and chattels; all municipal and other
franchises, consents or permits; all lines for the transmission and distribution
of electric current, gas, steam heat or water for any purpose including towers,
poles, wires, cables, pipes, conduits, ducts and all apparatus for use in
connection therewith; all real estate, lands, easements, servitudes, licenses,
permits, franchises, privileges, rights of way and other rights in or relating
to real estate or the occupancy of the same and (except as herein or in the
Mortgage, as heretofore supplemented, expressly excepted) all the right, title
and interest of the Company in and to all other property of any kind or nature
appertaining to and/or used and/or occupied and/or enjoyed in connection with
any property hereinbefore or in the Mortgage, as heretofore supplemented,
described;

     

    TOGETHER
with all and singular the tenements, hereditaments, prescriptions, servitudes,
and appurtenances belonging or in anywise appertaining to the aforesaid property
or any part thereof, with the reversion and reversions, remainder and remainders
and (subject to the provisions of Section 57 of the Mortgage) the tolls, rents,
revenues, issues, earnings, income, product and profits thereof, and all the
estate, right, title and interest and claim whatsoever, at law as well as in
equity, which the Company now has or may hereafter acquire in and to the
aforesaid property and franchises and every part and parcel
thereof;

     

    IT IS
HEREBY AGREED by the Company that, subject to the provisions of Section 87 of
the Mortgage and to the extent permitted by law, all the property, rights, and
franchises acquired by the Company (by purchase, consolidation, merger,
donation, construction, erection or in any other way) after the date hereof,
except any herein or in the Mortgage, as heretofore supplemented, expressly
excepted, shall be and are as fully granted and conveyed hereby and as fully
embraced within the lien hereof and the lien of the Indenture, as if such
property, rights and franchises were now owned by the Company and were
specifically described herein and conveyed hereby; and

     

    IT IS
HEREBY DECLARED by the Company that all the property, rights and franchises now
owned or hereafter acquired by the Company have been, or are, or will be owned
or acquired with the intention to use the same in carrying on the business or
branches of business of the Company, and it is hereby declared that it is the
intention of the Company that all thereof, except any herein or in the Mortgage,
as heretofore supplemented, expressly excepted, shall (subject to the provisions
of Section 87 of the Mortgage and to the extent permitted by law) be embraced
within the lien of this Seventy-eighth Supplemental Indenture and the lien of
the Indenture;

     

    PROVIDED
that the following are not and are not intended to be now or hereafter granted,
bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledged,
set over or confirmed hereunder and are hereby expressly excepted from the lien
and operation of this Seventy-eighth Supplemental Indenture and from the lien
and operation of the Indenture, viz:  (1)
cash, shares of stock, bonds, notes and other obligations and other securities
not hereafter specifically pledged, paid, deposited, delivered or held under the
Indenture or covenanted so to be; (2) goods, wares, merchandise, equipment,
apparatus, materials, or supplies held for the purpose of sale or other
disposition in the usual course of business; fuel, oil and similar materials and
supplies consumable in the operation of any of the properties of the Company;
construction equipment acquired for temporary use; all aircraft, rolling stock,
trolley coaches, buses, motor coaches, automobiles and other vehicles and
materials and supplies held for the purposes of repairing or replacing (in whole
or part) any of the same; all timber, minerals, mineral rights and royalties;
(3) bills, notes and accounts receivable, judgments, demands and choses in
action, and all contracts, leases and operating agreements not specifically
pledged under the Indenture or covenanted so to be; the Company’s contractual
rights or other interest in or with respect to tires not owned by the Company;
(4) the last day of the term of any lease or leasehold which may be or become
subject to the lien of the Indenture; (5) electric energy, gas, steam, ice, and
other materials or products generated, manufactured, produced or purchased by
the Company for sale, distribution or use in the ordinary course of its business
and (6) any property released from the lien of the Mortgage pursuant to Sections
58, 59, 60, 62 or 63 of the Mortgage; provided, however, that the property and
rights expressly excepted from the lien and operation of the Indenture in the
above subdivisions (2) and (3) shall (to the extent permitted by law) cease to
be so excepted in the event and as of the date that the Trustee or a receiver or
trustee shall enter upon and take possession of the Mortgaged and Pledged
Property in the manner provided in Article XIII of the Mortgage by reason of the
occurrence of a Default as defined in Section 65 thereof, as supplemented by the
provisions of this Seventy-eighth Supplemental Indenture;

     

    TO HAVE
AND TO HOLD all such properties, real, personal and mixed, granted, bargained,
sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over or
confirmed by the Company as aforesaid, or intended so to be, unto Deutsche Bank
Trust Company Americas, as Trustee, and its successors and assigns
forever;

     

    IN TRUST
NEVERTHELESS for the same purposes and upon the same terms, trusts and
conditions and subject to and with the same provisos and covenants as are set
forth in the Mortgage, as heretofore supplemented, this Seventy-eighth
Supplemental Indenture being supplemental to the Mortgage;

     

    AND IT IS
HEREBY COVENANTED by the Company that all the terms, conditions, provisos,
covenants and provisions contained in the Mortgage, as heretofore supplemented,
shall affect and apply to the property hereinbefore described and conveyed and
to the estate, rights, obligations and duties of the Company and the Trustee and
the beneficiaries of the trust with respect to said property, and to the Trustee
and its successors as Trustee of said property in the same manner and with the
same effect as if the said property had been owned by the Company at the time of
the execution of the Mortgage, and had been specifically and at length described
in and conveyed to the Trustee by the Mortgage as a part of the property therein
stated to be conveyed.

     

    The
Company further covenants and agrees to and with the Trustee and its successors
in said trust under the Indenture, as follows:

     

    ARTICLE
I.

     

    Eighty-sixth
Series of Bonds

     

    SECTION
1. There
shall be a series of bonds designated “First Mortgage Bonds, Variable Rate
Pollution Control Series 2008” (herein sometimes referred to as the
“Eighty-sixth Series”), each of which shall also bear the descriptive title
First Mortgage Bonds, and the form thereof, which shall be established by
Resolution of the Board of Directors of the Company, shall contain suitable
provisions with respect to the matters hereinafter in this Section
specified.  Bonds of the Eighty-sixth Series shall be limited to $90
million in aggregate principal amount, except as provided in Section 16 of the
Mortgage, and shall be issued as fully registered bonds in denominations of One
Thousand Dollars and in any multiple or multiples of One Thousand Dollars; each
bond of the Eighty-sixth Series shall mature on October 1, 2023 shall bear
interest at the same rate or rates as shall be in effect from time to time on
the securities which shall have been authenticated and delivered under the 2001
Indenture (as defined below) on the basis of the issuance and delivery to the
2001 Trustee (as defined below) of bonds of the Eighty-sixth Series; and such
interest shall be payable at the same times as interest payable on the
securities which shall have been authenticated and delivered under the 2001
Indenture on the basis of the issuance and delivery to the 2001 Trustee of bonds
of the Eighty-sixth Series; 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, and interest on each said bond to be also payable at the
office of the Company in the City of Allentown, Pennsylvania, 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.  Bonds of the Eighty-sixth Series
shall be dated as in Section 10 of the Mortgage provided.

     

    The bonds
of the Eighty-sixth Series shall be issued by the Company, registered in the
name of and delivered to The Bank of New York Mellon (as successor to JPMorgan
Chase Bank, N.A.) as trustee (the “2001 Trustee”) under an Indenture dated as of
August 1, 2001 (the “2001 Indenture”), to provide for the payment when due
(whether at maturity, by acceleration or otherwise) of the principal and
interest of the Securities (as defined in the 2001 Indenture) to be issued from
time to time under the 2001 Indenture.

     

    The bonds
of the Eighty-sixth Series shall not be transferable by the 2001 Trustee, except
to a successor trustee under the 2001 Indenture.  Bonds of the
Eighty-sixth Series so transferable to a successor trustee under the 2001
Indenture may be transferred at the principal office of the Trustee in the
Borough of Manhattan, The City of New York.

     

    Any
payment by the Company under the 2001 Indenture of the principal of or premium,
if any, or interest, if any on the securities which shall have been
authenticated and delivered under the 2001 Indenture on the basis of the
issuance and delivery to the 2001 Trustee of bonds of the Eighty-sixth Series
(other than by the application of the proceeds of a payment in respect of such
bonds) shall, to the extent hereof, be deemed to satisfy and discharge the
obligation of the Company, if any, to make a payment of principal of, or
premium, or interest on such bonds, as the case may be, which is then
due.

     

    The
Trustee may conclusively presume that the obligation of the Company to pay the
principal of or interest on the bonds of the Eighty-sixth Series as the same
shall become due and payable shall have been fully satisfied and discharged
unless and until it shall have received a written notice from the 2001 Trustee,
signed by an authorized officer thereof, stating that the principal of or
interest on specified bonds of the Eighty-sixth Series has become due and
payable and has not been fully paid, and specifying the amount of funds required
to make such payment.

     

    (I) Each
holder of a bond of the Eighty-sixth Series consents that the bonds of the
Eighty-sixth Series may be redeemable at the option of the Company or pursuant
to the requirements of the Mortgage in whole at any time, or in part from time
to time, prior to maturity, without notice provided in Section 52 of the
Mortgage, at the principal amount of the bonds to be redeemed, in each case,
together with accrued interest to the date fixed for redemption by the Company
in a notice delivered on or before the date fixed for redemption by the Company
to the Trustee and to the holders of the bonds to be redeemed.

     

    (II) The
bonds of the Eighty-sixth Series shall also be redeemable, in whole at any time,
or in part from time to time, prior to maturity, at a redemption price equal to
the principal amount thereof, together with accrued and unpaid interest to the
date of payment of such principal amount, upon receipt by the Trustee of a
written notice from the 2001 Trustee (i) delivered to the Trustee and the
Company, (ii) signed by its President or any Vice President, (iii) stating that
an Event of Default has occurred under the 2001 Indenture and is continuing and
that, as a result, there then is due and payable a specified amount with respect
to the Securities Outstanding under the 2001 Indenture, for the payment of which
the 2001 Trustee has not received funds, and (iv) specifying the principal
amount of the bonds of the Eighty-sixth Series to be
redeemed.  Delivery of such notice shall constitute a waiver by the
2001 Trustee of notice of redemption under the Indenture.

     

    (III) At
the option of the registered owner, any bonds of the Eighty-sixth Series, upon
surrender thereof, for cancellation, at the office or agency of the Company in
the Borough of Manhattan, The City of New York, shall be exchangeable for a like
aggregate principal amount of bonds of the same series, interest rate, maturity
and other terms of other authorized denominations.

     

    Subject
to the provisions of the third paragraph of this Section 1, Bonds of the
Eighty-sixth Series shall be transferable, upon the surrender thereof for
cancellation, together with a written instrument of transfer in form approved by
the registrar duly executed by the registered owner or by his duly authorized
attorney, at the office or agency of the Company in the Borough of Manhattan,
The City of New York; provided that such transfer shall not result in any
security being required to be registered under the Securities Act of 1933, as
amended, and an opinion of counsel satisfactory to the Company to such effect
shall have been provided to the Company.

     

    The bonds
of the Eighty-sixth Series shall not be redeemable by the application of cash
deposited with the Trustee pursuant to the provisions of Section
64.

     

    Upon any
transfer or exchange of bonds of the Eighty-sixth Series, the Company may make a
charge therefor sufficient to reimburse it for any tax or taxes or other
governmental charge, as provided in Section 12 of the Mortgage, but the Company
hereby waives any right to make a charge in addition thereto for any exchange or
transfer of bonds of the Eighty-sixth Series.

     

    ARTICLE
II.

     

    Miscellaneous
Provisions

     

    SECTION
2. The
Company reserves the right to make such amendments to the Mortgage, as
supplemented, as shall be necessary in order to delete subsection (I) of Section
39 of the Mortgage, and each holder of bonds of the Eighty-sixth Series hereby
consents to such deletion without any other or further action by any holder of
bonds of the Eighty-sixth Series.

     

    SECTION
3. The terms
defined in the Mortgage, as heretofore supplemented, shall, for all purposes of
this Seventy-eighth Supplemental Indenture, have the meanings specified in the
Mortgage, as heretofore supplemented.

     

    SECTION
4. Whenever
in this Seventy-eighth Supplemental Indenture either of the parties hereto is
named or referred to, this shall, subject to the provisions of Articles XVI and
XVII of the Mortgage, be deemed to include the successors and assigns of such
party, and all the covenants and agreements in this Seventy-eighth Supplemental
Indenture contained by or on behalf of the Company, or by or on behalf of the
Trustee shall, subject as aforesaid, bind and inure to the respective benefits
of the respective successors and assigns of such parties, whether so expressed
or not.

     

    SECTION
5. So long
as any bonds of the Eighty-sixth Series and remain Outstanding, unless this
provision shall have been waived in writing by the holders of a majority in
aggregate principal amount of bonds of the Eighty-sixth Series Outstanding at
the time of such consent, subdivision (c) of Section 65 of the Mortgage shall
read as follows:

     

    “(c)  Failure
to pay interest or premium, if any, upon or principal (whether at maturity as
therein expressed or by declaration, or otherwise) of any Outstanding Qualified
Lien Bonds or of any outstanding indebtedness secured by any mortgage or other
lien (not included in the term Excepted Encumbrances) prior to the lien of this
Indenture, existing upon any property of the Company which is subject to the
lien and operation of this Indenture continued beyond the period of grace, if
any, specified in such mortgage or Qualified Lien or other lien securing the
same;”

     

    SECTION
6. A breach
of a specified covenant or agreement of the Company contained in this
Seventy-eighth Supplemental Indenture shall become a Default under the Indenture
upon the happening of the events provided in Section 65(g) of the Mortgage with
respect to such a covenant or agreement.

     

    SECTION
7. The
Trustee hereby accepts the trusts herein declared, provided, created or
supplemented and agrees to perform the same upon the terms and conditions herein
and in the Mortgage, as heretofore supplemented, set forth and upon the
following terms and conditions:

     

    The
Trustee shall not be responsible in any manner whatsoever for or in respect of
the validity or sufficiency of this Seventy-eighth Supplemental Indenture or for
or in respect of the recitals contained herein, all of which recitals are made
by the Company solely.  Each and every term and condition contained in
Article XVII of the Mortgage, as heretofore amended by said First through
Seventy-sixth Supplemental Indentures, shall apply to and form part of this
Seventy-eighth Supplemental Indenture with the same force and effect as if the
same were herein set forth in full with such omissions, variations and
insertions, if any, as may be appropriate to make the same conform to the
provisions of this Seventy-eighth Supplemental Indenture.

     

    SECTION
8. Nothing
in this Seventy-eighth Supplemental Indenture, expressed or implied, is
intended, or shall be construed, to confer upon, or to give to, any person, firm
or corporation, other than the parties hereto and the holders of the bonds and
coupons Outstanding under the Indenture, any right, remedy or claim under or by
reason of this Seventy-eighth Supplemental Indenture or by any covenant,
condition, stipulation, promise or agreement hereof, and all the covenants,
conditions, stipulations, promises and agreements in this Seventy-eighth
Supplemental Indenture contained by or on behalf of the Company shall be for the
sole and exclusive benefit of the parties hereto, and of the holders of the
bonds and coupons Outstanding under the Indenture.

     

    SECTION
9. This
Seventy-eighth Supplemental Indenture shall be executed in several counterparts,
each of which shall be an original and all of which shall constitute but one and
the same instrument.

     

    PPL
ELECTRIC UTILITIES CORPORATION does hereby constitute and appoint James E. Abel,
Treasurer of PPL ELECTRIC UTILITIES CORPORATION, to be its attorney for it, and
in its name and as and for its corporate act and deed to acknowledge this
Seventy-eighth Supplemental Indenture before any person having authority by the
laws of the Commonwealth of Pennsylvania to take such acknowledgment, to the
intent that the same may be duly recorded, and DEUTSCHE BANK TRUST COMPANY
AMERICAS does hereby constitute and appoint Susan Johnson, a Vice President of
DEUTSCHE BANK TRUST COMPANY AMERICAS, to be its attorney for it, and in its name
and as and for its corporate act and deed to acknowledge this Seventy-eighth
Supplemental Indenture before any person having authority by the laws of the
Commonwealth of Pennsylvania to take such acknowledgment, to the intent that the
same may be duly recorded.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, PPL ELECTRIC UTILITIES CORPORATION has caused its corporate
name to be hereunto affixed, and this instrument to be signed and sealed by its
President, one of its Vice Presidents or its Treasurer, and its corporate seal
to be attested by its Secretary or one of its Assistant Secretaries for and in
its behalf, in the City of Allentown, Pennsylvania, and DEUTSCHE BANK TRUST
COMPANY AMERICAS has caused its corporate name to be hereunto affixed, and this
instrument to be signed and sealed by one of its Principals, Vice Presidents,
Trust Officers or Associates, and its corporate seal to be attested by one of
its Vice Presidents, Assistant Vice Presidents, Trust Officers or Associates, in
The City of New York, as of the day and year first above written.

     

    PPL
ELECTRIC UTILITIES CORPORATION

     

    By:   /s/ James E.
Abel

    Name: James E. Abel

    Title: Treasurer

    

    Attest:

    

    /s/ Diane M.
Koch

    Name:  Diane
M. Koch

    Title:  Assistant
Secretary

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    DEUTSCHE
BANK TRUST COMPANY AMERICAS,

    As
Trustee

    

    By:
Deutsche Bank National Trust Company

    

    

    /s/ David
Contino                                          

    Name: David Contino

    Title: Vice President

    

    

    /s/ Irina
Golovashchuk                                          

    Name:Irina Golovashchuk

    Title:Assistant Vice
President

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	
              COMMONWEALTH
      OF PENNSYLVANIA

            	
              )

            	 
      
	 
      	
              )

            	
              ss.:

            
	
              COUNTY
      OF LEHIGH

            	
              )

            	 
      

    

    

    

    

    

    On this
28th day of October, 2008, before me, a notary public, the undersigned,
personally appeared James E. Abel, who acknowledged himself to be Treasurer of
PPL ELECTRIC UTILITIES CORPORATION, a corporation of the Commonwealth of
Pennsylvania and that he, as such Treasurer, being authorized to do so, executed
the foregoing instrument for the purposes therein contained, by signing the name
of the corporation by himself as Treasurer.

     

    In
witness whereof, I hereunto set my hand and official seal.

     

    
      /s/ Diane M.
Koch

                                      Notary
Public

    

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              STATE
      OF NEW YORK

            	
              )

            	 
      
	 
      	
              )

            	
              ss.:

            
	
              COUNTY
      OF NEW YORK

            	
              )

            	 
      

    

    

    

    

    On this
28th day of October, 2008, before me, a notary public, the undersigned,
personally appeared David Contino and Irina Golovashchuk, who acknowledged
themselves to be a Vice President and an Assistant Vice President, respectively,
of Deutsche Bank National Trust Company, acting on behalf of DEUTSCHE BANK TRUST
COMPANY AMERICAS, a corporation and that they, as such Vice President and
Assistant Vice President of Deutsche Bank National Trust Company, being
authorized to do so, executed the foregoing instrument for the purposes therein
contained, by signing the name of the corporation by themselves as a Vice
President and an Assistant Vice President, respectively, of Deutsche Bank
National Trust Company.

     

    In
witness whereof, I hereunto set my hand and official seal.

     

    
      
        /s/ Jeffrey
Schoenfeld

                                        Notary
Public

      

    

    

     

    

     

    Deutsche
Bank Trust Company Americas hereby certifies that its precise name and address
as Trustee hereunder are:

     

    DEUTSCHE
BANK TRUST COMPANY AMERICAS

    Global
Debt Services

    60 Wall
Street, MS NYC60-2515

    New York,
New York 10005

    

    

    DEUTSCHE
BANK TRUST COMPANY AMERICAS

     

    By:  DEUTSCHE
BANK NATIONAL TRUST COMPANY,

     as Trustee

    

    

    /s/ David
Contino

    Name:   
David Contino

    Title:      Vice
PresidentExhibit 4.2 

[FACE OF NOTE]

IF THE
REGISTERED OWNER OF THIS NOTE (AS INDICATED BELOW) IS THE DEPOSITORY TRUST
COMPANY OR A NOMINEE OF THE DEPOSITORY TRUST COMPANY, THIS NOTE IS A GLOBAL
NOTE AND THE FOLLOWING LEGENDS APPLY: 

UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY (THE “DEPOSITARY”) (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER
HEREOF OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY AND ANY PAYMENT IS
MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN. 

THIS NOTE MAY
NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

IF APPLICABLE,
THE “TOTAL AMOUNT OF OID,” “YIELD TO MATURITY” AND “INITIAL ACCRUAL PERIOD”
(COMPUTED UNDER THE APPROXIMATE METHOD) BELOW WILL BE COMPLETED SOLELY FOR THE
PURPOSES OF APPLYING THE FEDERAL INCOME TAX ORIGINAL ISSUE DISCOUNT RULES. 

	
 

	
 

	
 

	
 

	
 

	
REGISTERED

	
 

	
CUSIP No.:

	
 

	
PRINCIPAL
 AMOUNT:

	
No. FXR-___

	
 

	
 

	
 

	
$

COLGATE-PALMOLIVE COMPANY

MEDIUM-TERM NOTE, SERIES F 

(Fixed Rate)

	
 

	
 

	
 

	
 

	
 

	
ORIGINAL ISSUE DATE:

	
 

	
INTEREST RATE:   %

	
 

	
STATED MATURITY

	
 

	
 

	
 

	
 

	
DATE:

	
 

	
 

	
 

	
 

	
 

	
INTEREST PAYMENT DATE(S)

	
 

	
o CHECK IF DISCOUNT NOTE

	
 

	
 

	
o _____and______

	
 

	
Issue
 Price:   %

	
 

	
 

	
o Other:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
INITIAL REDEMPTION

	
 

	
INITIAL REDEMPTION

	
 

	
* ANNUAL REDEMPTION

	
DATE:

	
 

	
PERCENTAGE:   %

	
 

	
   PERCENTAGE

	
 

	
 

	
 

	
 

	
   REDUCTION:   %

	
 

	
 

	
 

	
 

	
 

	
HOLDER’S OPTIONAL
 REPAYMENT

	
 

	
 

	
 

	
 

	
DATE(S):

	
 

	
 

	
 

	
 

	
 

	
 

	
*

	
If an Initial Redemption
 Date is specified above, (i) the Redemption Price will initially be the
 Initial Redemption Percentage specified above and shall decline at each
 anniversary of the Initial Redemption Date shown above by the Annual
 Redemption Percentage Reduction specified above until the Redemption Price is
 100% of such principal amount, and (ii) this Note may be redeemed either in
 whole or from time to time in part except if the following box is marked,
 this Note may be redeemed in whole only [   ]. If no Initial Redemption Date is
 specified above, this Note may not be redeemed prior to Maturity. 

2

	
 

	
 

	
 

	
AUTHORIZED DENOMINATION:

	
 

	
SPECIFIED CURRENCY:

	
o $1,000 and integral

	
 

	
 

	
multiples thereof

	
 

	
 

	
o Other:

	
 

	
 

	
 

	
 

	
 

	
ADDENDUM ATTACHED

	
 

	
OTHER / ADDITIONAL
 PROVISIONS:

	
o Yes

	
 

	
 

	
o No

	
 

	
 

3

          COLGATE-PALMOLIVE
COMPANY, a Delaware corporation (the “Company”, which term includes any
successor corporation under the Indenture hereinafter referred to), for value
received, hereby promises to pay to                    
                    
          , or registered assigns, the Principal
Amount of                            
                      , on the Stated Maturity Date specified above (or any Redemption Date
or Repayment Date, each as defined on the reverse hereof, or any earlier date
of acceleration of maturity) (each such date being hereinafter referred to as
the “Maturity Date” with respect to the principal repayable on such date) and
to pay interest thereon (and on any overdue principal, premium and/or interest
to the extent legally enforceable) at the Interest Rate per annum specified
above, until the principal hereof is paid or duly made available for payment. 

          The
Company will pay interest in arrears on each Interest Payment Date specified
above (each, an “Interest Payment Date”), commencing with the first Interest
Payment Date next succeeding the Original Issue Date specified above, and on
the Maturity Date; provided, however, that if the Original Issue
Date occurs between a Record Date (as defined below) and the next succeeding
Interest Payment Date, interest payments will commence on the second Interest
Payment Date next succeeding the Original Issue Date to the registered holder
of this Note (the “Holder”) on the Record Date with respect to such second Interest
Payment Date. Interest on this Note will be computed on the basis of a 360-day
year of twelve 30-day months. 

          Interest
on this Note will accrue from, and including, the most recent Interest Payment
Date to which interest has been paid or duly provided for or, from and
including, the Original Issue Date if no interest has been paid or duly
provided for, to, but excluding, the next Interest Payment Date or the Maturity
Date, as the case may be (each, an “Interest Period”). The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in the Indenture, be paid to the person in whose name this Note (or
one or more Predecessor Securities) is registered at the close of business on
the fifteenth calendar day (whether or not a Business Day, as defined below)
immediately preceding such Interest Payment Date (the “Record Date”); provided,
however, that interest payable on the Maturity Date will be payable to
the Person to whom the principal hereof and premium, if any, hereon shall be
payable. Any such interest not so punctually paid or duly provided for on any
Interest Payment Date (“Defaulted Interest”) shall forthwith cease to be
payable to the Holder at the close of business on any Record Date and, may
either be paid to the Person in whose name this Note (or one or more
Predecessor Securities) is registered at the close of business on a special
record date (the “Special Record Date”) for the payment of such Defaulted
Interest to be fixed by the Trustee, notice whereof shall be given to the
Holder of this Note by the Trustee not less than 10 calendar days prior to such
Special Record Date or may be paid at any time in any other lawful manner, all
as more fully provided for in the Indenture. 

          Payment
of principal, premium, if any, and interest in respect of this Note due on the
Maturity Date will be made in immediately available funds upon presentation and
surrender of this Note (and, with respect to any applicable repayment of this
Note, upon delivery of a duly completed election form as contemplated on the
reverse hereof) at the office of the Trustee maintained for that purpose in the
Borough of Manhattan, The City of New York, New York in such coin or currency
of the United States of America as at the time of payment is legal tender for
payment of public and private debts. Payment of interest due on any Interest
Payment Date other than the Maturity Date will be made at the aforementioned
office of the Trustee or, at the 

4

option of the
Company, by check mailed to the address of the person entitled thereto as such
address shall appear in the Security Register maintained by the Trustee;
    provided, however, that a Holder of U.S.$10,000,000 or more in aggregate
principal amount of Notes (whether having identical or different terms and
provisions) shall, at the option of the Company, be entitled to receive
interest payments on such Interest Payment Date by wire transfer of immediately
available funds if appropriate wire transfer instructions have been received in
writing by the Trustee not less than 15 calendar days prior to such Interest
Payment Date. Any such wire transfer instructions received by the Trustee shall
remain in effect until revoked by such Holder. 

          If
any Interest Payment Date or the Maturity Date falls on a day that is not a
Business Day, the required payment of principal, premium, if any, and/or
interest shall be made on the next succeeding Business Day with the same force
and effect as if made on such Interest Payment Date or Maturity Date, as the
case may be, and no interest shall accrue with respect to such payment for the
period from and after such Interest Payment Date or the Maturity Date, as the
case may be, to the date of such payment on the next succeeding Business Day. 

          As
used herein, “Business Day” means, unless otherwise specified on the face
hereof, any day, other than a Saturday or Sunday, that is neither a legal
holiday nor a day on which commercial banks are authorized or required by law,
regulation or executive order to close in The City of New York; provided,
however, that, with respect to non-United States dollar-denominated notes, the
day is also not a day on which commercial banks are authorized or required by
law, regulation or executive order to close in the Principal Financial Center
(as defined below) of the country issuing the specified currency or, if the
specified currency is euro, the day is also a Target Settlement Day (as defined
below). 

          “Principal
Financial Center” means, unless otherwise specified on the face hereof, the
capital city of the country issuing the specified currency except, in each
case, that with respect to United States dollars, Australian dollars, Canadian
dollars, Euros, New Zealand dollars, South African rand and Swiss francs, the
“Principal Financial Center” will be The City of New York, Sydney, Toronto,
London (solely in the case of the Designated LIBOR Currency), Wellington,
Johannesburg and Zurich, respectively. 

          “Target
Settlement Day” means a day on which the Trans-European Automated Real-Time
Gross Settlement Express Transfer (TARGET) System or any successor is open. 

          Reference
is hereby made to the further provisions of this Note set forth on the reverse
hereof and, if so specified on the face hereof, in an Addendum hereto, which
further provisions shall have the same force and effect as if set forth on the
face hereof. 

          Notwithstanding
the foregoing, if an Addendum is attached hereto or “Other/Additional
Provisions” apply to this Note as specified above, this Note shall be subject
to the terms set forth in such Addendum or such “Other/Additional Provisions”. 

          Unless
the Certificate of Authentication hereon has been executed by the Trustee by
manual signature of one of its authorized officers, this Note shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose. 

5

          IN
WITNESS WHEREOF, Colgate-Palmolive Company has caused this Note to be duly
executed by one of its duly authorized officers. 

	
 

	
 

	
 

	
 

	
 

	
 

	
COLGATE-PALMOLIVE
 COMPANY

	
 

	
 

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
 

	
Title:

	
 

	
 

	
 

	
 

	
Dated:

	
 

	
 

	
 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION: 

This is one of
the Debt Securities of 

the series designated therein referred 

to in the within-mentioned Indenture. 

THE BANK OF
NEW YORK MELLON, 

as Trustee 

	
 

	
 

	
By

	
 

	
 

	

	
 

	
Authorized
 Signatory 

6

[REVERSE OF NOTE]

COLGATE-PALMOLIVE COMPANY

MEDIUM-TERM NOTE, SERIES F 

(Fixed Rate)

          This
Note is one of a duly authorized series of debt securities (the “Debt
Securities”) of the Company issued and to be issued under an Indenture, dated
as of November 15, 1992, as amended, modified or supplemented from time to time
(the “Indenture”), between the Company and The Bank of New York Mellon
(formerly known as The Bank of New York), as trustee (the “Trustee”, which term
includes any successor trustee under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
the Company, the Trustee and the Holders of the Debt Securities, and of the
terms upon which the Debt Securities are, and are to be, authenticated and
delivered. This Note is one of the Debt Securities of the series designated as
“Medium-Term Notes, Series F, Due One Year or More From Date of Issue” (the
“Notes”). All terms used but not defined in this Note or in an Addendum hereto
shall have the meanings assigned to such terms in the Indenture or on the face
hereof, as the case may be. 

          This
Note is issuable only in registered form without coupons in minimum
denominations of U.S. $1,000 and integral multiples thereof or other Authorized
Denomination specified on the face hereof. 

          Except
as otherwise provided in the Indenture and as set forth below, the Notes will
be issued in global form only, registered in the name of the Depositary or its
nominee and ownership of the Notes shall be maintained in book-entry form by
the Depositary for the accounts of participating organizations of the
Depositary. If this Note is a global Note, this Note is exchangeable only if
(i) the Depositary notifies the Company that it is unwilling or unable to
continue as Depositary for this global Note and a successor depositary is not
appointed by the Company within 60 days after the Depositary notifies the
Company, (ii) the Company in its sole discretion determines that this global
Note shall be exchangeable for certificated Notes of this series in registered
form or (iii) an Event of Default with respect to the Notes represented hereby
has occurred and is continuing. 

          Unless
otherwise specified on the face hereof in accordance with the provisions of the
following two paragraphs, this Note will not be subject to any sinking fund and
will not be redeemable or repayable prior to the Stated Maturity Date. 

          This
Note will be subject to redemption at the option of the Company on any date on
or after the Initial Redemption Date, if any, specified on the face hereof, in
whole or from time to time in part in increments of U.S. $1,000 unless
otherwise specified above (provided that any remaining principal amount hereof
shall be at least U.S. $1,000 unless otherwise specified above), at the
Redemption Price (as defined below), together with unpaid interest accrued
hereon to the date fixed for redemption (the “Redemption Date”), on written
notice given to the Holder hereof (in accordance with the provisions of the
Indenture) not more than 60 nor less than 30 calendar days prior to the
Redemption Date. In the event of redemption of this Note in part only, 

7

a new Note of
like tenor for the unredeemed portion hereof and otherwise having the same
terms and provisions as this Note shall be issued by the Company in the name of
the Holder hereof upon the presentation and surrender hereof. 

          Unless
otherwise specified above, the “Redemption Price” shall be the Initial
Redemption Percentage specified on the face hereof (as adjusted by the Annual
Redemption Percentage Reduction, if any, specified on the face hereof )
multiplied by the principal amount of this Note to be redeemed. 

          This
Note may be subject to repayment by the Company at the option of the Holder
hereof on the Optional Repayment Date(s), if any, specified on the face hereof,
in whole or in part in increments of U.S. $1,000 (provided that any remaining
principal amount hereof shall be at least U.S. $1,000), at a repayment price
equal to 100% of the principal amount to be repaid, together with unpaid
interest accrued thereon to the date fixed for repayment (the “Repayment
Date”). For this Note to be repaid in whole or in part at the option of the
Holder hereof, the Trustee must receive at its corporate trust office not more
than 60 nor less than 30 calendar days prior to the Repayment Date, this Note
with the form entitled “Option to Elect Repayment” below duly completed.
Exercise of such repayment option by the Holder hereof shall be irrevocable. In
the event of repayment of this Note in part only, a new Note of like tenor for
the unrepaid portion hereof and otherwise having the same terms and provisions
as this Note shall be issued by the Company in the name of the Holder hereof
upon the presentation and surrender hereof. 

          If
the Discount Note box above is checked, the amount payable to the Holder of
this Note in the event of redemption, repayment or acceleration of maturity
will be equal to the sum of (i) the Issue Price specified on the face hereof
(increased by any accruals of the Discount, as defined below, and reduced by
any amounts of principal previously paid) and, in the event of any redemption
of this Note (if applicable), multiplied by the Initial Redemption Percentage
(as adjusted by the Annual Redemption Percentage Reduction, if applicable) and
(ii) any unpaid interest accrued hereon to the Redemption Date, Repayment Date
or date of acceleration of maturity, as the case may be. The difference between
the Issue Price specified above and 100% of the principal amount of this Note is
referred to herein as the “Discount”. 

          For
purposes of determining the amount of Discount that has accrued as of any
Redemption Date, Repayment Date or date of acceleration of maturity of this
Note, such Discount will be accrued so as to cause the yield on the Note to be
constant. The constant yield will be calculated using a 30-day month, 360-day
year convention, a compounding period that, except for the Initial Period (as
defined below), corresponds to the shortest period between Interest Payment
Dates (with ratable accruals within a compounding period) and an assumption
that the maturity of this Note will not be accelerated. If the period from the
Original Issue Date to the initial Interest Payment Date (the “Initial Period”)
is shorter than the compounding period for this Note, a proportionate amount of
the yield for an entire compounding period will be accrued. If the Initial
Period is longer than the compounding period, then such period will be divided
into a regular compounding period and a short period, with the short period
being treated as provided in the preceding sentence. 

8

          If
an Event of Default shall occur and be continuing, the principal of the Notes
may be accelerated in the manner and with the effect provided in the Indenture.

          The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company and
the rights of the Holders of any series of Debt Securities to be adversely affected
thereby at any time by the Company and the Trustee with the consent of the
Holders of a majority in aggregate principal amount of each series of Debt
Securities at the time outstanding, adversely affected thereby. The Indenture
also contains provisions permitting the Holders of specified percentages in
aggregate principal amount of the outstanding Debt Securities of each series,
on behalf of the Holders of Debt Securities of such series, to waive compliance
by the Company with certain provisions of the Indenture and certain past
defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future Holders of this Note and of any Note issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Note. 

          No
reference herein to the Indenture and no provision of this Note or of the
Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay principal, premium, if any, and interest in
respect of this Note at the times, places and rate or formula, and in the coin
or currency, herein prescribed. 

          As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of this Note may be registered on the Security Register of the
Company upon surrender of this Note for registration of transfer at the office
or agency of the Company in the Borough of Manhattan, The City of New York,
duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed by, the
Holder hereof or by his attorney duly authorized in writing, and thereupon one
or more new Notes of Authorized Denominations and for the same aggregate
principal amount with the same terms and provisions, will be issued by the
Company to the designated transferee or transferees. 

          The
Notes are issuable only in registered form without coupons and, if payable in
U.S. dollars, only in denominations of U.S.$1,000 and any integral multiple of
U.S. $1,000. As provided in the Indenture and subject to certain limitations
therein set forth, Notes of this series are exchangeable for a like aggregate
principal amount of Notes of this series of a different authorized
denomination, as required by the Holder surrendering the same. 

          No
service charge shall be made for any such registration of transfer or exchange,
but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge payable in connection therewith. 

          Prior
to due presentment of this Note for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Holder as the
owner hereof for all purposes, whether or not this Note be overdue, and neither
the Company, the Trustee nor any such agent shall be affected by notice to the
contrary, except as required by law. 

9

          THE
INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES.

          Capitalized
terms used herein without definition which are defined in the Indenture shall
have the meanings assigned to them in the Indenture. 

10

ABBREVIATIONS

          The
following abbreviations, when used in the inscription on the face of this Note,
shall be construed as though they were written out in full according to
applicable laws or regulations: 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
TEN COM

	
 

	
- as tenants in common

	
 

	
UNIF
 GIFT MIN ACT

	
 

	
-_______Custodian_______

	
TEN ENT

	
 

	
- as tenants by the
 entireties

	
 

	
 

	
 

	
(Cust)

                        (Minor)

	
JT TEN

	
 

	
- as joint tenants with
 right of

	
 

	
 

	
 

	
Under Uniform Gifts to
 Minors

	
 

	
 

	
  survivorship
 and not as tenants

	
 

	
 

	
 

	
Act____________________

	
 

	
 

	
  in common

	
 

	
 

	
 

	
(State)

Additional abbreviations may also be used though not in the above list.

11

ASSIGNMENT

          FOR
VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 

	
 

	
 

	
 

	
PLEASE
 INSERT SOCIAL SECURITY OR

	
 

	
OTHER

	
 

	
IDENTIFYING
 NUMBER OF ASSIGNEE

	
 

	
 

	
 

	
 

	
 

	
_____________________________________________________________________________________________________

	
(Please print or typewrite
 name and address including postal zip code of assignee) 

	
 

	
_____________________________________________________________________________________________________

	
 this Note and all rights thereunder hereby irrevocably
 constituting and appointing 

	
 

	
_____________________________________________________________________________________________________

	
 Attorney to transfer this Note on the books of the Company, with
 full power of substitution in the premises. 

	
 

	
 

	
 

	
 

	
Dated:

	
 

	
 

	
 

	
___________________________

	
 

	
___________________________________________________

	
 

	
___________________________

	
 

	
___________________________________________________

	
 

	
 

	
 

	
Notice: The signature(s)
 on this Assignment must correspond with the
 name(s) as written upon the face of this Note in every
 particular, without alteration or enlargement
 or any change whatsoever.

12

[OPTION TO ELECT REPAYMENT]

          The
undersigned hereby irrevocably request(s) and instruct(s) the Company to repay
this Note (or portion hereof specified below) pursuant to its terms at a price
equal to 100% of the principal amount to be repaid, together with unpaid
interest accrued hereon to the Repayment Date, to the undersigned, at

	 	
 

	
     

	 	 
	 	
 

	
    
  (Please print or typewrite name and address of the undersigned)

	 	 

          For
this Note to be repaid, the Trustee must receive at its corporate trust office
in the Borough of Manhattan, The City of New York, currently located at 101
Barclay Street, New York, New York 10286 not more than 60 nor less than 30
calendar days prior to the Repayment Date, this Note with this “Option to Elect
Repayment” form duly completed. 

          If
less than the entire principal amount of this Note is to be repaid, specify the
portion hereof (which shall be increments of U.S. $1,000 unless otherwise
specified in the Note provided that any remaining principal amount shall be
at least U.S. $1,000 unless otherwise specified in the Note) which the Holder
elects to have repaid and specify the denomination or denominations (which
shall be U.S. $1,000 or an integral multiple thereof) of the Notes to be issued
to the Holder for the portion of this Note not being repaid (in the absence of
any such specification, one such Note will be issued for the portion not being
repaid). 

	
 

	
 

	
 

	
 

	
Principal
 Amount

	
 

	
 

	
to be
 Repaid: $______________

	
 

	
 

	
_____________________________________________

	
 

	
 

	
 

	
Notice: The signature(s)
 on this Option to Elect Repayment must
 correspond with the name(s) as written upon
 the face of this Note in every particular,
 without alteration or enlargement or any
 change whatsoever.

	
Dated: ______________________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

13

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