Document:

Exhibit 4(u)

 Exhibit 4(u) 
 Counterpart              of             . 
  
  
 BALTIMORE GAS AND ELECTRIC COMPANY, 
 Issuer 
 TO 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 Trustee 
  
  
 Indenture and Security
Agreement 
 Dated as of July 9, 2009 
 THIS INSTRUMENT CONTAINS AFTER-ACQUIRED 
 PROPERTY PROVISIONS 
  
  

 BALTIMORE GAS AND ELECTRIC COMPANY 
 Reconciliation and tie between Trust Indenture Act of 1939 
 and Indenture and Security
Agreement, dated as of July 9, 2009 
  

					
	 Trust Indenture Act Section
	  	 Indenture Section

	§310	 	(a)(1)	  	1009
		 	(a)(2)	  	1009
		 	(a)(3)	  	1014
		 	(a)(4)	  	Not Applicable
		 	(b)	  	1008, 1010
	§311	 	(a)	  	1013
		 	(b)	  	1013
		 	(c)	  	Not Applicable
	§312	 	(a)	  	1101
		 	(b)	  	1101
		 	(c)	  	1101
	§313	 	(a)	  	1102
		 	(b)(1)	  	Not Applicable
		 	(b)(2)	  	1102
		 	(c)	  	1102
		 	(d)	  	1102
	§314	 	(a)	  	1102
		 	(a)(4)	  	705
		 	(b)	  	1816
		 	(c)(1)	  	104
		 	(c)(2)	  	104
		 	(c)(3)	  	Not Applicable
		 	(d)	  	1603, 1803, 1804, 1805, 1810
		 	(e)	  	104
	§315	 	(a)	  	1001(a)
		 	(b)	  	1002
		 	(c)	  	1001(b)
		 	(d)	  	1001(c)
		 	(d)(1)	  	1001(a)(1), 1001(c)(1)
		 	(d)(2)	  	1001(c)(2)
		 	(d)(3)	  	1001(c)(3)
		 	(e)	  	914
	§316	 	(a)	  	912, 913
		 	(a)(1)(A)	  	902, 912
		 	(a)(1)(B)	  	913
		 	(a)(2)	  	Not Applicable
		 	(b)	  	908
	§317	 	(a)(1)	  	903
		 	(a)(2)	  	904
		 	(b)	  	703
	§318	 	(a)	  	109

  

 i 

 TABLE OF CONTENTS 
  

					
	 	  	Page
	 RECITALS OF THE COMPANY
	  	1
		
	 GRANTING CLAUSES
	  	1
		
	 ARTICLE ONE DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	4
			
	 SECTION 101.
	  	Definitions	  	4
	 “Accountant”
	  	5
	 “Act”
	  	5
	 “Authenticating Agent”
	  	5
	 “Authorized Officer”
	  	5
	 “Authorized Purposes”
	  	5
	 “Board of Directors”
	  	5
	 “Board Resolution”
	  	5
	 “Business Day”
	  	5
	 “Collateral”
	  	6
	 “Commission”
	  	6
	 “Company”
	  	6
	 “Company Order” or “Company Request”
	  	6
	 “Corporate Trust Office”
	  	6
	 “corporation”
	  	6
	 “Cost”
	  	6
	 “Defaulted Interest”
	  	6
	 “Discount Security”
	  	6
	 “Dollar” or “$”
	  	6
	 “Easement”
	  	6
	 “Eligible Obligations”
	  	7
	 “Event of Default”
	  	7
	 “Excepted Property”
	  	7
	 “Exchange Act”
	  	7
	 “Execution Date”
	  	7
	 “Expert”
	  	7
	 “Expert’s Certificate”
	  	7
	 “Fair Value”
	  	7
	 “Funded Cash”
	  	8
	 “Funded Property”
	  	8
	 “Governmental Authority”
	  	8
	 “Government Obligations”
	  	8
	 “Holder”
	  	8
	 “Indenture”
	  	8
	 “Independent”
	  	8
	 “Independent Expert’s Certificate”
	  	8
	 “interest”
	  	8
	 “Interest Payment Date”
	  	8

  

 ii 

					
	 “Investment Securities”
	  	9
	 “Lien”
	  	9
	 “Maturity”
	  	9
	 “Notice of Default”
	  	9
	 “Officer’s Certificate”
	  	9
	 “Opinion of Counsel”
	  	10
	 “Outstanding”
	  	10
	 “Paying Agent”
	  	11
	 “Periodic Offering”
	  	11
	 “Permitted Liens”
	  	11
	 “Person”
	  	15
	 “Place of Payment”
	  	15
	 “Predecessor Security”
	  	15
	 “Prepaid Liens”
	  	15
	 “Property Additions”
	  	15
	 “Purchase Money Lien”
	  	15
	 “Redemption Date”
	  	16
	 “Redemption Price”
	  	16
	 “Regular Record Date”
	  	16
	 “Required Currency”
	  	16
	 “Responsible Officer”
	  	16
	 “Retired Securities”
	  	16
	 “Securities”
	  	16
	 “Securities Act”
	  	16
	 “Security Register” and “Security Registrar”
	  	16
	 “Special Record Date”
	  	16
	 “Stated Interest Rate”
	  	16
	 “Stated Maturity”
	  	17
	 “Successor Company”
	  	17
	 “supplemental indenture” or “indenture supplemental hereto”
	  	17
	 “Tranche”
	  	17
	 “Trustee”
	  	17
	 “Trust Indenture Act”
	  	17
	 “United States”
	  	17
	 SECTION 102.
	    	Funded Property; Funded Cash	  	17
	 SECTION 103.
	    	Property Additions; Cost	  	18
	 SECTION 104.
	    	Compliance Certificates and Opinions	  	21
	 SECTION 105.
	    	Form of Documents Delivered to Trustee	  	21
	 SECTION 106.
	    	Acts of Holders	  	23
	 SECTION 107.
	    	Notices, Etc. to Trustee or Company	  	24
	 SECTION 108.
	    	Notice to Holders of Securities; Waiver	  	25
	 SECTION 109.
	    	Conflict with Trust Indenture Act	  	25
	 SECTION 110.
	    	Effect of Headings and Table of Contents	  	26
	 SECTION 111.
	    	Successors and Assigns	  	26
	 SECTION 112.
	    	Separability Clause	  	26
	 SECTION 113.
	    	Benefits of Indenture	  	26
	 SECTION 114.
	    	Governing Law	  	26
	 SECTION 115.
	    	Legal Holidays	  	26
	 SECTION 116.
	    	Investment of Cash Held by Trustee	  	27
	 SECTION 117.
	    	Force Majeure	  	28
	 SECTION 118.
	    	Waiver of Jury Trial	  	28

  

 iii 

					
	ARTICLE TWO SECURITY FORMS	  	28
			
	 SECTION 201.
	    	Forms Generally	  	28
	 SECTION 202.
	    	Form of Trustee’s Certificate of Authentication	  	29
		
	ARTICLE THREE THE SECURITIES	  	29
			
	 SECTION 301.
	    	Amount Unlimited; Issuable in Series	  	29
	 SECTION 302.
	    	Denominations	  	32
	 SECTION 303.
	    	Execution, Authentication, Delivery and Dating	  	32
	 SECTION 304.
	    	Global or Temporary Securities	  	35
	 SECTION 305.
	    	Registration, Registration of Transfer and Exchange	  	35
	 SECTION 306.
	    	Mutilated, Destroyed, Lost and Stolen Securities	  	36
	 SECTION 307.
	    	Payment of Interest; Interest Rights Preserved	  	37
	 SECTION 308.
	    	Persons Deemed Owners	  	38
	 SECTION 309.
	    	Cancellation	  	38
	 SECTION 310.
	    	Computation of Interest	  	39
	 SECTION 311.
	    	Payment to Be in Proper Currency	  	39
	 SECTION 312.
	    	Extension of Interest Payment	  	39
	 SECTION 313.
	    	CUSIP Numbers	  	39
		
	ARTICLE FOUR SECURITY AGREEMENT	  	40
			
	 SECTION 401.
	    	Security Agreement – Fixture Filing	  	40
		
	ARTICLE FIVE REDEMPTION OF SECURITIES	  	40
			
	 SECTION 501.
	    	Applicability of Article	  	40
	 SECTION 502.
	    	Election to Redeem; Notice to Trustee	  	40
	 SECTION 503.
	    	Selection of Securities to Be Redeemed	  	40
	 SECTION 504.
	    	Notice of Redemption	  	41
	 SECTION 505.
	    	Securities Payable on Redemption Date	  	42
	 SECTION 506.
	    	Securities Redeemed in Part	  	42
		
	ARTICLE SIX SINKING FUNDS	  	43
			
	 SECTION 601.
	    	Applicability of Article	  	43
	 SECTION 602.
	    	Satisfaction of Sinking Fund Payments with Securities	  	43
	 SECTION 603.
	    	Redemption of Securities for Sinking Fund	  	43
		
	ARTICLE SEVEN REPRESENTATIONS AND COVENANTS	  	44
			
	 SECTION 701.
	    	Payment of Securities; Lawful Possession	  	44
	 SECTION 702.
	    	Maintenance of Office or Agency	  	44
	 SECTION 703.
	    	Money for Securities Payments to Be Held in Trust	  	45
	 SECTION 704.
	    	Corporate Existence	  	46
	 SECTION 705.
	    	Annual Officer’s Certificate as to Compliance	  	46
	 SECTION 706.
	    	Recordation of Easement	  	46
	 SECTION 707.
	    	Waiver of Certain Covenants	  	46
		
	ARTICLE EIGHT SATISFACTION AND DISCHARGE	  	47

  

 iv 

					
	 SECTION 801.
	    	Satisfaction and Discharge of Securities	  	47
	 SECTION 802.
	    	Satisfaction and Discharge of Indenture	  	49
	 SECTION 803.
	    	Application of Trust Money	  	49
		
	ARTICLE NINE EVENTS OF DEFAULT; REMEDIES	  	50
			
	 SECTION 901.
	    	Events of Default	  	50
	 SECTION 902.
	    	Acceleration of Maturity; Rescission and Annulment	  	52
	 SECTION 903.
	    	Collection of Indebtedness and Suits for Enforcement by Trustee	  	52
	 SECTION 904.
	    	Trustee May File Proofs of Claim	  	53
	 SECTION 905.
	    	Trustee May Enforce Claims Without Possession of Securities	  	53
	 SECTION 906.
	    	Application of Money Collected	  	54
	 SECTION 907.
	    	Limitation on Suits	  	54
	 SECTION 908.
	    	Unconditional Right of Holders to Receive Principal, Premium and Interest	  	55
	 SECTION 909.
	    	Restoration of Rights and Remedies	  	55
	 SECTION 910.
	    	Rights and Remedies Cumulative	  	55
	 SECTION 911.
	    	Delay or Omission Not Waiver	  	55
	 SECTION 912.
	    	Control by Holders of Securities	  	55
	 SECTION 913.
	    	Waiver of Past Defaults	  	56
	 SECTION 914.
	    	Undertaking for Costs	  	56
	 SECTION 915.
	    	Waiver of Usury, Stay or Extension Laws	  	56
	 SECTION 916.
	    	Receiver and Other Remedies	  	57
		
	ARTICLE TEN THE TRUSTEE	  	57
			
	 SECTION 1001.
	    	Certain Duties and Responsibilities	  	57
	 SECTION 1002.
	    	Notice of Defaults	  	58
	 SECTION 1003.
	    	Certain Rights of Trustee	  	58
	 SECTION 1004.
	    	Not Responsible for Recitals or Issuance of Securities	  	59
	 SECTION 1005.
	    	May Hold Securities	  	59
	 SECTION 1006.
	    	Money Held in Trust	  	59
	 SECTION 1007.
	    	Compensation and Reimbursement	  	60
	 SECTION 1008.
	    	Disqualification; Conflicting Interests	  	61
	 SECTION 1009.
	    	Corporate Trustee Required; Eligibility	  	61
	 SECTION 1010.
	    	Resignation and Removal; Appointment of Successor	  	61
	 SECTION 1011.
	    	Acceptance of Appointment by Successor	  	63
	 SECTION 1012.
	    	Merger, Conversion, Consolidation or Succession to Business	  	63
	 SECTION 1013.
	    	Preferential Collection of Claims Against Company	  	63
	 SECTION 1014.
	    	Co-trustee and Separate Trustees	  	63
	 SECTION 1015.
	    	Appointment of Authenticating Agent	  	65
		
	ARTICLE ELEVEN HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY	  	66
			
	 SECTION 1101.
	    	Lists of Holders	  	66
	 SECTION 1102.
	    	Reports by Trustee and Company	  	66
		
	ARTICLE TWELVE CONSOLIDATION, MERGER, CONVEYANCE, OR OTHER TRANSFER	  	67
			
	 SECTION 1201.
	    	Company may Consolidate, etc., Only on Certain Terms	  	67
	 SECTION 1202.
	    	Successor Company Substituted	  	68
	 SECTION 1203.
	    	Extent of Lien Hereof on Property of Successor Company	  	69

  

 v 

					
	 SECTION 1204.
	    	Release of Company upon Conveyance or Other Transfer	  	69
	 SECTION 1205.
	    	Merger into Company; Extent of Lien Hereof	  	69
	 SECTION 1206.
	    	Transfer of Less than Substantially All	  	69
		
	ARTICLE THIRTEEN AMENDMENTS	  	70
			
	 SECTION 1301.
	    	Amendments Without Consent of Holders	  	70
	 SECTION 1302.
	    	Amendments With Consent of Holders	  	72
	 SECTION 1303.
	    	Execution of Amendments	  	73
	 SECTION 1304.
	    	Effect of Amendments	  	73
	 SECTION 1305.
	    	Conformity With Trust Indenture Act	  	73
	 SECTION 1306.
	    	Reference in Securities to Amendments	  	74
	 SECTION 1307.
	    	Modification Without Amendment	  	74
	 SECTION 1308.
	    	Amendment of Easement	  	74
		
	ARTICLE FOURTEEN MEETINGS OF HOLDERS; ACTION WITHOUT MEETING	  	74
			
	 SECTION 1401.
	    	Purposes for Which Meetings May Be Called	  	74
	 SECTION 1402.
	    	Call, Notice and Place of Meetings	  	75
	 SECTION 1403.
	    	Persons Entitled to Vote at Meetings	  	75
	 SECTION 1404.
	    	Quorum; Action	  	75
	 SECTION 1405.
	    	Attendance at Meetings; Determination of Voting Rights; Conduct and Adjournment of Meetings	  	76
	 SECTION 1406.
	    	Counting Votes and Recording Action of Meetings	  	77
	 SECTION 1407.
	    	Action Without Meeting	  	77
		
	ARTICLE FIFTEEN IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS	  	77
			
	 SECTION 1501.
	    	Liability Solely Corporate	  	77
		
	ARTICLE SIXTEEN ISSUANCE OF SECURITIES	  	78
			
	 SECTION 1601.
	    	General	  	78
	 SECTION 1602.
	    	Reserved	  	78
	 SECTION 1603.
	    	Issuance of Securities on the Basis of Property Additions	  	78
	 SECTION 1604.
	    	Issuance of Securities on the Basis of Retired Securities	  	81
	 SECTION 1605.
	    	Issuance of Securities on the Basis of Deposit of Cash	  	81
		
	ARTICLE SEVENTEEN RESERVED	  	82
		
	ARTICLE EIGHTEEN POSSESSION, USE AND RELEASE OF COLLATERAL	  	82
			
	 SECTION 1801.
	    	Quiet Enjoyment	  	82
	 SECTION 1802.
	    	Dispositions and Other Actions without Release	  	82
	 SECTION 1803.
	    	Release of Collateral	  	83
	 SECTION 1804.
	    	Release of Collateral Not Constituting Funded Property	  	88
	 SECTION 1805.
	    	Release of Minor Properties	  	89
	 SECTION 1806.
	    	Withdrawal or Other Application of Funded Cash; Purchase Money Obligations	  	89
	 SECTION 1807.
	    	Release of Property Taken by Eminent Domain, etc	  	92

  

 vi 

					
	 SECTION 1808.
	    	Reserved	  	92
	 SECTION 1809.
	    	Disclaimer or Quitclaim	  	92
	 SECTION 1810.
	    	Miscellaneous	  	93
	 SECTION 1811.
	    	Reserved	  	94
	 SECTION 1812.
	    	Preservation of Lien	  	94
	 SECTION 1813.
	    	Maintenance of Properties	  	94
	 SECTION 1814.
	    	Payment of Taxes; Prior or Equal Liens	  	94
	 SECTION 1815.
	    	Insurance	  	95
	 SECTION 1816.
	    	Recording, Filing, etc	  	98
		
	Testimonium	  	99
	Signatures	  	99

  

 vii 

 THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS 
 THIS INDENTURE AND SECURITY AGREEMENT made by and between BALTIMORE GAS AND ELECTRIC COMPANY, as of July 9, 2009 (the “Execution Date”), a
corporation organized and existing under the laws of the State of Maryland (hereinafter sometimes called the “Company”), party of the first part, and on the Execution Date DEUTSCHE BANK TRUST COMPANY AMERICAS, a banking corporation
organized and existing under the laws of the State of New York, and having its principal corporate trust office at 60 Wall Street, New York, New York 10005 (hereinafter sometimes called the “Trustee”), for the benefit of Holders of
Securities (as hereinafter defined) herein represented by the Trustee, party of the second part. 
 RECITALS OF THE COMPANY 

The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its debt securities (the
“Securities”) in an unlimited aggregate principal amount, to be issued in one or more series as contemplated herein, and to provide security for the payment of the principal of and premium, if any, and interest, if any, on the Securities;

 The Outstanding Securities will be secured by a lien on the Collateral (as hereinafter defined) to the extent provided herein. The Company
is also executing the Easement (as hereinafter defined) in favor of the Trustee for the benefit of the Holders from time to time of the Outstanding Securities. 
 All acts necessary to make this Indenture a valid agreement of the Company have been performed. For all purposes of this Indenture, except as otherwise expressly provided herein or unless the context otherwise
requires, capitalized terms used herein shall have the meanings assigned to them in Article One of this Indenture. 
 GRANTING CLAUSES 

 NOW, THEREFORE, THIS INDENTURE WITNESSETH, that, in consideration of the premises and of the purchase of the Securities by the
Holders thereof, and in order to secure the payment of the principal of and premium, if any, and interest, if any, on the Securities from time to time Outstanding and the performance of the covenants therein and herein contained, and to declare the
terms and conditions on which such Securities are secured, the Company hereby grants, bargains, sells, conveys, assigns, transfers, mortgages, pledges, sets over and confirms to the Trustee, in trust, and grants to the Trustee a security interest in
and lien on, the following (subject, however, to the terms and conditions set forth in this Indenture): 
 First Granting Clause

 All right, title and interest of the Company, as of the Execution Date, or thereafter acquired, in and to (a) all
property (other than Excepted Property) included in the Company’s electric utility distribution property account including the following subaccounts thereof: station equipment; storage battery equipment; poles, towers and fixtures; overhead
conductors and devices; underground conduit; underground conductors and devices; line transformers; services; meters; installations on customers’ premises; leased property on customers’ premises; and street lighting and signal systems (in
each case within the meaning of the Uniform System of Accounts of the Federal Energy 

  

 1 

 
Regulatory Commission (or any successor provisions thereto)), (b) all other property that is properly accounted for as equipment and fixtures (other
than Excepted Property) used or useful in the Company’s electric utility distribution business, and (c) the Company’s franchises, permits and licenses that are transferable and necessary for the operation of such property. 

Second Granting Clause 
 Any Excepted Property, which may, from time to time after the Execution Date, by delivery or by an instrument supplemental to this Indenture, be subjected to the Lien hereof by the Company, the Trustee being hereby authorized to receive the
same at any time as additional security hereunder; it being understood that any such subjection to the Lien hereof of any Excepted Property as additional security may be made subject to such reservations, limitations or conditions respecting the use
and disposition of such property or the proceeds thereof as shall be set forth in such instrument; 
 Excepted Property 
 Expressly excepting and excluding, however, from the Lien of this Indenture all right, title and interest of the Company in and to the
following property, whether now owned or hereafter acquired (herein sometimes called “Excepted Property”): 
 (a)
all cash on hand or in banks or other financial institutions, deposit accounts, securities accounts, shares of stock, interests in business trusts, general or limited partnerships or limited liability companies, bonds, notes, mortgages, other
evidences of indebtedness and other securities, security entitlements, commodities accounts and other investment property and policies of insurance on lives of officers of the Company, of whatsoever kind and nature, not hereafter paid or delivered
to, deposited with or held by the Trustee hereunder or required so to be; 
 (b) all contracts, leases, operating agreements
and other agreements of whatsoever kind and nature and rights thereunder (other than the Company’s franchises, permits and licenses that are transferable and necessary for the operation of the Collateral); all bills, notes and other instruments
and chattel paper (except to the extent that any of the same constitute securities, security entitlements or investment property, in which case they are separately excepted from the Lien of this Indenture under clause (a) above); all revenues,
income and earnings, all accounts, accounts receivable, rights to payment, payment intangibles and unbilled revenues, rights or property consisting of rights granted by statute or governmental action to bill and collect revenues or other amounts
from customers or others, including rate stabilization charges and other special charges, and all rents, tolls, issues, product and profits, dividends, income, claims, credits, demands and judgments; all governmental and other licenses, permits and
franchises (other than the Company’s franchises, permits and licenses that are transferable and necessary for the operation of the Collateral); all consents and allowances, including emission allowances and regulatory assets; all 

  

 2 

 
documents, including warehouse receipts; all cooperative interests; and all patents, patent licenses and other patent rights, patent applications, trade
names, trademarks, copyrights and other intellectual property; and all claims, credits, choses in action, commercial tort claims, tax credits and other intangible property and general intangibles including, but not limited to, computer software;

 (c) all automobiles, buses, trucks, truck cranes, tractors, trailers and similar vehicles and movable equipment; all
rolling stock, rail cars and other railroad equipment; all vessels, boats, barges, and other marine equipment; all airplanes, helicopters, aircraft engines and other flight equipment; all parts, accessories and supplies used in connection with any
of the foregoing; and all personal property of such character that the perfection of a security interest therein or other Lien thereon is not governed by the Uniform Commercial Code as in effect in the jurisdiction in which the Company is organized;

 (d) all merchandise and appliances acquired for the purpose of resale in the ordinary course and conduct of the business of
the Company, and all materials and supplies held for consumption in operation or held in advance of use thereof for fixed capital purposes; 
 (e) all electric energy and capacity, gas, steam and other materials and products generated, manufactured, produced or purchased by the Company for sale, distribution or use in the ordinary course and conduct of its
business; 
 (f) all property which is the subject of a lease agreement designating the Company as lessee and all right, title
and interest of the Company in and to such property and in, to and under such lease agreement, whether or not such lease agreement is intended as security and the last day of the term of any lease or leasehold which may hereafter become subject to
the Lien hereof; 
 (g) all property which subsequent to the Execution Date has been released from the Lien of this Indenture,
and any improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any parts thereof; 
 (h) all property included in the Company’s electric transmission property account and all subaccounts thereof (in each case within the meaning of the Uniform System of Accounts of the Federal Energy Regulatory
Commission (or any successor provisions thereto)); and 
 (i) all real property (other than fixtures) including land, land
rights and structures and improvements to the extent not equipment or fixtures (in each case within the meaning of the Uniform System of Accounts of the Federal Energy Regulatory Commission (or any successor provisions thereto)). 
  

 3 

 TO HAVE AND TO HOLD all such property unto the Trustee, its successors in trust and their assigns
forever; 
 SUBJECT, HOWEVER, to Permitted Liens; 
 IN TRUST, NEVERTHELESS, for the equal and ratable benefit and security of the Holders from time to time of all Outstanding Securities without any priority of any such Security over any other such Security; 

PROVIDED, HOWEVER, that the right, title and interest of the Trustee in and to the Collateral shall cease, terminate and become void in accordance
with, and subject to the conditions set forth in, Article Eight, and if the principal of and premium, if any, and interest, if any, on the Securities shall have been paid to the Holders thereof, or shall have been paid to the Company pursuant to
Section 703 hereof or to the appropriate Governmental Authority pursuant to applicable law after the Maturity thereof, then and in that case this Indenture shall terminate, subject to and in accordance with Article Eight, and the Trustee shall
execute and deliver to the Company such instruments as the Company shall require to evidence such termination; otherwise this Indenture, and the estate and rights hereby granted, shall be and remain in full force and effect; and 
 IT IS HEREBY COVENANTED AND AGREED by and between the Company and the Trustee that all the Securities are to be authenticated and delivered, and that the
Collateral is to be held, and the Easement is to be exercised, subject to the further covenants, conditions and trusts hereinafter set forth, and the Company hereby covenants and agrees to and with the Trustee, for the equal and ratable benefit of
all holders of the Securities, as follows: 
 ARTICLE ONE 
 Definitions And Other Provisions Of General Application 
 SECTION 101. Definitions. 
 For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular; 
 (b) all terms used herein without definition which are defined in the Trust Indenture Act as in effect on the Execution Date, either directly or by
reference therein, have the meanings assigned to them therein; 
 (c) all terms used herein without definition which are defined in the
Uniform Commercial Code of New York as in effect on the Execution Date shall have the meanings assigned to them therein; 
 (d) all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles in the United States, and, except as otherwise herein expressly provided, the term “generally accepted
accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles as are generally accepted in the United States at the date of such computation or, at the election of the Company from
time 

  

 4 

 
to time, at the Execution Date; provided, however, that in determining generally accepted accounting principles applicable to the Company, effect shall be
given, to the extent required, to any order, rule or regulation of any administrative agency, regulatory authority or other governmental body having jurisdiction over the Company; 
 (e) any reference to an “Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; and

 (f) the words “herein”, “hereof”, “hereto” and “hereunder” and other words of similar import refer
to this Indenture as a whole and not to any particular Article, Section or other subdivision. 
 “Accountant” means a person
engaged in the accounting profession or otherwise qualified to pass on accounting matters (including, but not limited to, a Person certified or licensed as a public accountant, whether or not then engaged in the public accounting profession), which
Person, unless required to be Independent, may be an employee or Affiliate of the Company. 
 “Act”, when used with respect
to any Holder of a Security, has the meaning specified in Section 106. 
 “Affiliate” of any specified Person means any
other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person
means the power to direct generally the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
 “Authenticating Agent” means any Person or
Persons (other than the Company or an Affiliate of the Company) authorized by the Trustee to act on behalf of the Trustee to authenticate the Securities of one or more series. 
 “Authorized Officer” means the Chairman of the Board, the Vice Chairman, the President, any Vice President, the Treasurer, any Assistant
Treasurer, or any other officer, manager or agent of the Company duly authorized pursuant to a Board Resolution to act in respect of matters relating to this Indenture. 
 “Authorized Purposes” means the authentication and delivery of Securities, the release of property and/or the withdrawal of cash under any of the provisions of this Indenture. 
 “Board of Directors” means either the board of directors, board of managers or similar governing body of the Company or any committee
thereof duly authorized to act in respect of matters relating to this Indenture. 
 “Board Resolution” means a copy of a
resolution certified by the Secretary, an Assistant Secretary or an Authorized Officer of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the
Trustee. 
 “Business Day”, when used with respect to a Place of Payment or any other particular location specified in the
Securities or this Indenture, means any day, other than a Saturday, Sunday or any day (i) on which banking institutions or trust companies in such Place of Payment or other location are 

  

 5 

 
generally authorized or required by law, regulation or executive order to remain closed, and (ii) on which a majority of the ten largest banking
institutions (calculated by reference to the aggregate deposits of such banking institutions as of the then most recent fiscal quarter-end) in such Place of Payment or such other location remain closed; except as may be otherwise specified as
contemplated by Section 301. 
 “Collateral” means, as of any particular time, all property which at such time is
subject to the Lien of this Indenture (which, for the avoidance of doubt, includes Funded Cash, Investment Securities and obligations secured by Purchase Money Liens to the extent held by the Trustee as part of the Collateral as set forth herein).

 “Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Exchange
Act, or, if at any time after the Execution Date such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body, if any, performing such duties at such time. 
 “Company” means the Person named as the “Company” in the first paragraph of this Indenture until a successor Person shall have
succeeded thereto pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 
 “Company Order” or “Company Request” mean, respectively, a written order or request, as the case may be, signed in the name of the Company by an Authorized Officer and delivered to the Trustee. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business shall be
principally administered, which office at the Execution Date is located at 60 Wall Street, New York, New York 10005. 
 “corporation” means a corporation, association, company, limited liability company, partnership, limited partnership, joint stock company or business trust, and references to “corporate” and other derivations of
“corporation” herein shall be deemed to include appropriate derivations of such entities. 
 “Cost” with respect
to Property Additions has the meaning specified in Section 103. 
 “Defaulted Interest” has the meaning specified in
Section 307. 
 “Discount Security” means any Security which provides for an amount less than the principal amount
thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 902. “Interest” with respect to a Discount Security means interest, if any, borne by such Security at a Stated Interest Rate.

 “Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States of
America as at the time shall be legal tender for the payment of public and private debts. 
 “Easement” means that certain
non-exclusive Deed of Easement and Right-of-Way Grant dated as of July 9, 2009 by the Company to the Trustee. 
  

 6 

 “Eligible Obligations” means: 
 (a) with respect to Securities denominated in Dollars, Government Obligations or, if specified pursuant to Section 301 with respect
to any Securities, other Investment Securities; or 
 (b) with respect to Securities denominated in a currency other than
Dollars or in a composite currency, such other obligations or instruments as shall be specified with respect to such Securities, as contemplated by Section 301. 
 “Event of Default” has the meaning specified in Section 901. 
 “Excepted
Property” has the meaning specified in the granting clauses of this Indenture. 
 “Exchange Act” means, as of any
time, the Securities Exchange Act of 1934, as amended, as in effect at such time. 
 “Execution Date” has the meaning
specified in the first paragraph of this Indenture. 
 “Expert” means a Person which is an engineer, appraiser or other
expert and which, with respect to any certificate to be signed by such Person and delivered to the Trustee, is qualified to pass upon the matters set forth in such certificate. For purposes of this definition, (a) “engineer” means a
Person engaged in the engineering profession or otherwise qualified to pass upon engineering matters (including, but not limited to, a Person licensed as a professional engineer, whether or not then engaged in the engineering profession) and
(b) “appraiser” means a Person engaged in the business of appraising property or otherwise qualified to pass upon the Fair Value or fair market value of property. 
 “Expert’s Certificate” means a certificate signed by an Authorized Officer and by an Expert (which Expert (a) shall be
selected either by the Board of Directors or by an Authorized Officer, the execution of such certificate by such Authorized Officer to be conclusive evidence of such selection, and (b) except as otherwise required in Sections 1206, 1603,
1810, may be an employee or Affiliate of the Company) and delivered to the Trustee. The amount stated in any Expert’s Certificate as to the Cost, Fair Value or fair market value of property shall be conclusive and binding upon the Company, the
Trustee and the Holders of the Securities. 
 “Fair Value”, except as otherwise provided in this Indenture, with respect to
property, means the fair value of such property as determined in the reasonable judgment of the Person certifying to such value, such determination to be based on any one or more factors deemed relevant by such Person, including, without limitation,
(a) the amount which would be likely to be obtained in an arm’s-length transaction with respect to such property between an informed and willing buyer and an informed and willing seller, under no compulsion, respectively, to buy or sell,
(b) the amount of investment with respect to such property which, together with a reasonable return thereon, would be likely to be recovered through ordinary business operations or otherwise, (c) the Cost, accumulated depreciation, and
replacement cost with respect to such property and/or (d) any other relevant factors; provided, however, that (x) the Fair Value of property shall be determined without deduction for any Liens on such property prior to the Lien of this
Indenture (except as otherwise provided in Section 1803) and (y) the Fair Value to the Company of Property Additions may be of less value to a Person which is not the owner or operator of the Collateral or any portion thereof than to a
Person which is such owner or operator. Fair Value may be determined, without physical inspection, by the use of accounting and engineering records and other data maintained by the Company or otherwise available to the Expert certifying the same.

  

 7 

 “Funded Cash” has the meaning specified in Section 102. 
 “Funded Property” has the meaning specified in Section 102. 
 “Governmental Authority” means the government of the United States or of any State or Territory thereof or of the District of Columbia
or of any county, municipality or other political subdivision of any thereof, or any department, agency, authority or other instrumentality of any of the foregoing. 
 “Government Obligations” means securities which are (a) (i) direct obligations of the United States where the payment or payments thereunder are supported by the full faith and credit of the
United States or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States where the timely payment or payments thereunder are unconditionally guaranteed as a full faith and credit
obligation by the United States or (b) depository receipts issued by a bank (as defined in Section 3(a)(2) of the Securities Act, which may include the Trustee or any Paying Agent) as custodian with respect to any such Government
Obligation or a specific payment of interest on or principal of or other amount with respect to any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law)
such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or
principal of or other amount with respect to the Government Obligation evidenced by such depository receipt. 
 “Holder”
means a Person in whose name a Security is registered in the Security Register. 
 “Indenture” means this instrument as
originally executed and delivered and as it may from time to time be supplemented or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and
any such supplemental indenture, the provisions of the Trust Indenture Act that are deemed to be a part of and govern this Indenture and any such supplemental indenture, respectively. The term “Indenture” shall also include the provisions
or terms of particular series of Securities established in any Officer’s Certificate, Board Resolution or Company Order delivered pursuant to Sections 201, 301, 303 and 1307. 
 “Independent” means a Person who (a) is in fact independent, (b) does not have any direct material financial interest in the
Company or in any other obligor upon the Securities or in any Affiliate of the Company or of such other obligor and (c) is not connected with the Company or such other obligor as an officer, employee, promoter, underwriter, trustee, partner,
director or any person performing similar functions. 
 “Independent Expert’s Certificate” means a certificate signed
by an Expert who is Independent and delivered to the Trustee. 
 “interest” with respect to a Discount Security means
interest, if any, borne by such Security at a Stated Interest Rate rather than interest calculated at any imputed rate. 
 “Interest
Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on such Security. 
  

 8 

 “Investment Securities” means any of the following obligations or securities on which
neither the Company, any other obligor on the Securities nor any Affiliate of either is the obligor: (a) Government Obligations; (b) interest bearing deposit accounts (which may be represented by certificates of deposit) in any national or
state bank (which may include the Trustee or any Paying Agent) or savings and loan association that has outstanding securities rated by a nationally recognized statistical rating organization in either of the two (2) highest rating categories
(without regard to modifiers) for short term securities or in any of the three (3) highest rating categories (without regard to modifiers) for long term securities; (c) bankers’ acceptances drawn on and accepted by any commercial bank
(which may include the Trustee or any Paying Agent) that has outstanding securities rated by a nationally recognized statistical rating organization in either of the two (2) highest rating categories (without regard to modifiers) for short term
securities or in any of the three (3) highest rating categories (without regard to modifiers) for long term securities; (d) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, any
State or Territory of the United States or the District of Columbia, or any political subdivision of any of the foregoing, that are rated by a nationally recognized statistical rating organization in either of the two (2) highest rating
categories (without regard to modifiers) for short term securities or in any of the three (3) highest rating categories (without regard to modifiers) for long term securities; (e) bonds or other obligations of any agency or instrumentality
of the United States; (f) corporate debt securities that are rated by a nationally recognized statistical rating organization in either of the two (2) highest rating categories (without regard to modifiers) for short term securities or in
any of the three (3) highest rating categories (without regard to modifiers) for long term securities; (g) repurchase agreements with respect to any of the foregoing obligations or securities with any banking or financial institution
(which may include the Trustee or any Paying Agent) that has outstanding securities rated by a nationally recognized statistical rating organization in either of the two (2) highest rating categories (without regard to modifiers) for short term
securities or in any of the three (3) highest rating categories (without regard to modifiers) for long term securities; (h) securities issued by any regulated investment company (including any investment company for which the Trustee or
any Paying Agent is the advisor), as defined in Section 851 of the Internal Revenue Code of 1986, as amended, or any successor section of such Code or successor federal statute, provided that the portfolio of such investment company is limited
to obligations or securities of the character and investment quality contemplated in clauses (a) through (f) above and repurchase agreements which are fully collateralized by any of such obligations or securities; and (i) any other
obligations or securities which may lawfully be purchased by the Trustee in its capacity as such. 
 “Lien” means any
mortgage, deed of trust, pledge, security interest, encumbrance, easement, lease, reservation, restriction, servitude, charge or similar right and any other lien of any kind, including, without limitation, any conditional sale or other title
retention agreement, any lease in the nature thereof, and any defect, irregularity, exception or limitation in record title. 
 “Maturity” when used with respect to any Security, means the date on which the principal of such Security or an installment of principal becomes due and payable as provided in such Security or in this Indenture, whether at
the Stated Maturity, by declaration of acceleration, upon call for redemption or otherwise. 
 “Notice of Default” has the
meaning specified in Section 901(c). 
 “Officer’s Certificate” means a certificate signed by an Authorized
Officer of the Company and delivered to the Trustee. 
  

 9 

 “Opinion of Counsel” means a written opinion of counsel, who may be counsel for the
Company, or an individual who is an employee of the Company or an Affiliate of the Company, and who shall be acceptable to the Trustee. 
 “Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 
 (a) Securities theretofore paid, redeemed, canceled or delivered to the Security Registrar for cancellation; 
 (b) Securities deemed to have been paid for all purposes of this Indenture in accordance with Section 801 (whether or not the Company’s
indebtedness in respect thereof shall be satisfied and discharged for any other purpose) or deemed to have been paid in accordance with the terms of the Securities; and 
 (c) Securities, the principal, premium, if any, and interest, if any, which have been fully paid pursuant to the third paragraph of Section 306 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it and the Company that such Securities are held by a bona fide purchaser
or purchasers in whose hands such Securities are valid obligations of the Company; 
 provided, however, that in determining whether or not the Holders of
the requisite principal amount of the Securities Outstanding under this Indenture, or the Outstanding Securities of any series or Tranche, have given any request, demand, authorization, direction, notice, consent or waiver hereunder or whether or
not a quorum is present at a meeting of Holders of Securities, 
 (x) Securities owned by the Company or any other obligor
upon the Securities or any Affiliate of the Company or of such other obligor (unless the Company, such Affiliate or such obligor owns all Securities Outstanding under this Indenture or (except for the purposes of actions to be taken by Holders of
more than one series or more than one Tranche, as the case may be, voting as a class under Section 1302) all Outstanding Securities of each such series and each such Tranche, as the case may be, determined without regard to this clause (x))
shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver or upon any such determination as
to the presence of a quorum, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded; provided, however, that Securities so owned which have been pledged in good faith may be regarded as
Outstanding if it is established to the reasonable satisfaction of the Trustee that the pledgee, and not the Company, or any such other obligor or Affiliate of either thereof, has the right so to act with respect to such Securities and that the
pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or of such other obligor; and provided, further, that in no event shall any Security which shall have been delivered to evidence or secure, in whole
or in part, the Company’s obligations in respect of other indebtedness be deemed to be owned by the Company if the principal of such Security is payable, whether at Stated Maturity or upon mandatory redemption or acceleration, at the same time
as the principal of such other indebtedness is payable, whether at Stated Maturity or upon mandatory redemption or acceleration, but only to the extent of such portion of the principal amount of such Security as does not exceed the principal amount
of such other indebtedness, and 
  

 10 

 (y) the principal amount of a Discount Security that shall be deemed to be Outstanding
for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 902; and 
 (z) the principal amount of any Security which is denominated in a currency other than Dollars or in a composite currency that shall be
deemed to be Outstanding for such purposes shall be the amount of Dollars which could have been purchased by the principal amount (or, in the case of a Discount Security, the Dollar equivalent on the date determined as set forth below of the amount
determined as provided in (y) above) of such currency or composite currency evidenced by such Security, in each such case certified to the Trustee in an Officer’s Certificate, based (i) on the average of the mean of the buying and
selling spot rates quoted by three banks which are members of the New York Clearing House Association selected by the Company in effect at 11:00 A.M. (New York time) in The City of New York on the fifth Business Day preceding any such determination
or (ii) if on such fifth Business Day it shall not be possible or practicable to obtain such quotations from such three banks, on such other quotations or alternative methods of determination which shall be as consistent as practicable with the
method set forth in (i) above; 
 provided, further, that in the case of any Security the principal of which is payable from time to time without
presentment or surrender, the principal amount of such Security that shall be deemed to be Outstanding at any time for all purposes of this Indenture shall be the original principal amount thereof less the aggregate amount of principal thereof
theretofore paid. 
 “Paying Agent” means any Person, including the Company, authorized by the Company to pay the principal
of, and premium, if any, or interest, if any, on any Securities on behalf of the Company. Unless otherwise specified as contemplated by Section 301 with respect to Securities of any series, or any Tranche thereof, the Trustee shall be the
initial Paying Agent for each series of Securities and any Tranche thereof. 
 “Periodic Offering” means an offering of
Securities of a series from time to time any or all of the specific terms of which Securities, including without limitation the rate or rates of interest, if any, thereon, the Stated Maturity or Maturities thereof and the redemption provisions, if
any, with respect thereto, are to be determined by the Company or its agents from time to time subsequent to the initial request for the authentication and delivery of such Securities by the Trustee, as contemplated in Section 301 and clause
(b) of Section 303. 
 “Permitted Liens” means, as of any particular time, any of the following: 
 (a) Liens existing at the Execution Date; 
 (b) as to property acquired by the Company after the Execution Date, Liens existing or placed thereon at the time of the acquisition thereof and any Purchase Money Liens; 
  

 11 

 (c) Liens for taxes, assessments and other governmental charges or requirements which are
not delinquent or which are being contested in good faith by appropriate proceedings or of which at least ten (10) Business Days notice has not been given to the general counsel of the Company or to such other Person designated by the Company
to receive such notices; 
 (d) mechanics’, workmen’s, repairmen’s, materialmen’s, warehousemen’s,
and carriers’ Liens, other Liens incident to construction, Liens or privileges of any employees of the Company for salary or wages earned, but not yet payable, and other Liens, including without limitation Liens for worker’s compensation
awards, arising in the ordinary course of business for charges or requirements which are not delinquent or which are being contested in good faith and by appropriate proceedings or of which at least ten (10) Business Days notice has not been
given to the general counsel of the Company or to such other Person designated by the Company to receive such notices; 
 (e)
Liens in respect of attachments, judgments or awards arising out of judicial or administrative proceedings (i) in an amount not exceeding the greater of (A) Ten Million Dollars ($10,000,000) and (B) three percent (3%) of the
principal amount of the Securities then Outstanding or (ii) with respect to which the Company shall (X) in good faith be prosecuting an appeal or other proceeding for review and with respect to which the Company shall have secured a stay
of execution pending such appeal or other proceeding, (Y) have the right to prosecute an appeal or other proceeding for review or (Z) have not received at least ten (10) Business Days notice given to the general counsel of the Company
or to such other Person designated by the Company to receive such notices; 
 (f) easements, leases, reservations or other
rights of others in, on, over and/or across, and laws, regulations and restrictions affecting, and defects, irregularities, exceptions and limitations in title to, the Collateral or any part thereof; provided, however, that such easements, leases,
reservations, rights, laws, regulations, restrictions, defects, irregularities, exceptions and limitations do not in the aggregate materially impair the use by the Company of the Collateral considered as a whole for the purposes for which it is held
by the Company; 
 (g) Liens, defects, irregularities, exceptions and limitations in (i) title to real property subject
to rights-of-way in favor of the Company or otherwise or used or to be used by the Company primarily for right-of-way purposes; (ii) real property held under lease, easement, license or similar right; or (iii) the rights-of-way, leases,
easements, licenses or similar rights in favor of the Company; provided, however, that (A) the Company shall have obtained from the apparent owner or owners of such real property a sufficient right, by the terms of the instrument granting such
right-of-way, lease, easement, license or similar right, to the use thereof for the purposes for which the Company acquired 

  

 12 

 
the same; (B) the Company has power under eminent domain or similar statutes to remove or subordinate such Liens, defects, irregularities, exceptions or
limitations or (C) such defects, irregularities, exceptions and limitations may be otherwise remedied without undue effort or expense; and defects, irregularities, exceptions and limitations in title to flood lands, flooding rights and/or water
rights; 
 (h) Liens securing indebtedness or other obligations neither created, assumed nor guaranteed by the Company nor on
account of which it customarily pays interest upon real property or rights in or relating to real property acquired by the Company for the purpose of the transmission or distribution of electric energy, gas or water, for the purpose of telephonic,
telegraphic, radio, wireless or other electronic communication or otherwise for the purpose of obtaining rights-of-way; 
 (i)
leases existing at the Execution Date affecting properties owned by the Company at said date and renewals and extensions thereof; and, subject to Article Twelve, leases affecting such properties entered into after such date or affecting properties
acquired by the Company after such date which, in either case, (i) have respective terms of not more than ten (10) years (including extensions or renewals at the option of the tenant) or (ii) do not materially impair the use by the
Company of such properties for the respective purposes for which they are held by the Company; 
 (j) Liens vested in lessors,
licensors, franchisors or permitters for rent or other amounts to become due or for other obligations or acts to be performed, the payment of which rent or the performance of which other obligations or acts is required under leases, subleases,
licenses, franchises or permits, so long as the payment of such rent or other amounts or the performance of such other obligations or acts is not delinquent or is being contested in good faith and by appropriate proceedings; 
 (k) controls, restrictions, obligations, duties and/or other burdens imposed by federal, state, municipal or other law, or by rules,
regulations or orders of Governmental Authorities, upon the Collateral or any part thereof or the operation or use thereof or upon the Company with respect to the Collateral or any part thereof or the operation or use thereof or with respect to any
franchise, grant, license, permit or public purpose requirement, or any rights reserved to or otherwise vested in Governmental Authorities to impose any such controls, restrictions, obligations, duties and/or other burdens; 
 (l) rights which Governmental Authorities may have by virtue of franchises, grants, licenses, permits or contracts, or by virtue of law,
to purchase, recapture or designate a purchaser of or order the sale of the Collateral or any part thereof, to terminate franchises, grants, licenses, permits, contracts or other rights or to regulate the property and business of the Company; and
any and all obligations of the Company correlative to any such rights; 
  

 13 

 (m) Liens required by law or governmental regulations (i) as a condition to the
transaction of any business or the exercise of any privilege or license, (ii) to enable the Company to maintain self-insurance or to participate in any funds established to cover any insurance risks, (iii) in connection with workmen’s
compensation, unemployment insurance, social security, any pension or welfare benefit plan or (iv) to share in the privileges or benefits required for companies participating in one or more of the arrangements described in clauses (ii) and
(iii) above; 
 (n) Liens on the Collateral or any part thereof which are granted by the Company to secure duties or
public or statutory obligations or to secure, or serve in lieu of, surety, stay or appeal bonds; 
 (o) rights reserved to or
vested in others to take or receive any part of any coal, ore, gas, oil and other minerals, any timber and/or any electric capacity or energy, gas, water, steam and any other products, developed, produced, manufactured, generated, purchased or
otherwise acquired by the Company or by others on property of the Company; 
 (p) (i) rights and interests of Persons other
than the Company arising out of contracts, agreements and other instruments to which the Company is a party and which relate to the common ownership or joint use of property; and (ii) all Liens on the interests of Persons other than the Company
in property owned in common by such Persons and the Company if and to the extent that the enforcement of such Liens would not adversely affect the interests of the Company in such property in any material respect; 
 (q) any restrictions on assignment and/or requirements of any assignee to qualify as a permitted assignee and/or public utility or public
service corporation; 
 (r) any Liens which have been bonded for the full amount in dispute or for the payment of which other
adequate security arrangements have been made; 
 (s) any controls, liens, restrictions, regulations, easements, exceptions or
reservations of any public authority or unit applying particularly to any form of space satellites (including but not limited to solar power satellites), space stations and other analogous facilities whether or not in the earth’s atmosphere;

 (t) rights and interests granted pursuant to Section 1802(c); 
 (u) any Lien of the Trustee granted pursuant to Section 1007; and 
  

 14 

 (v) Prepaid Liens. 
 “Person” means any individual, corporation, joint venture, trust or unincorporated organization, any Governmental Authority or any other
entity. 
 “Place of Payment”, when used with respect to the Securities of any series, or Tranche thereof, means the place
or places, specified as contemplated by Section 301, at which, subject to Section 702, principal of and premium, if any, and interest, if any, on the Securities of such series or Tranche are payable. 
 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that
evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Security shall be deemed to
evidence the same debt as the mutilated, destroyed, lost or stolen Security. 
 “Prepaid Liens” means any Lien securing
indebtedness for the payment of which money in the necessary amount shall have been irrevocably deposited in trust with the trustee or other holder of such Lien; provided, however, that if such indebtedness is to be redeemed or otherwise prepaid
prior to the Stated Maturity thereof, any notice requisite to such redemption or prepayment shall have been given in accordance with the mortgage or other instrument creating such Lien or irrevocable instructions to give such notice shall have been
given to such trustee or other holder. 
 “Property Additions” has the meaning specified in Section 103. 
 “Purchase Money Lien” means, with respect to any property being acquired or disposed of by the Company or being released from the Lien
of this Indenture, a Lien on such property which 
 (a) is taken or retained by the transferor of such property to secure all
or part of the purchase price thereof; 
 (b) is granted to one or more Persons other than the transferor which, by making
advances or incurring an obligation, give value to enable the grantor of such Lien to acquire rights in or the use of such property; 
 (c) is granted to any other Person in connection with the release of such property from the Lien of this Indenture on the basis of the deposit with the Trustee or the trustee or other holder of a Lien prior to the Lien of this Indenture of
obligations secured by such Lien on such property (as well as any other property subject thereto); 
 (d) is held by a trustee
or agent for the benefit of one or more Persons described in clause (a), (b) and/or (c) above, provided that such Lien may be held, in addition, for the benefit of one or more other Persons which shall have theretofore given, or may
thereafter give, value to or for the benefit or account of the grantor of such Lien for one or more other purposes; or 
 (e)
otherwise constitutes a purchase money mortgage or a purchase money security interest under applicable law; 
  

 15 

 and, without limiting the generality of the foregoing, for purposes of this Indenture, the term Purchase Money Lien shall
be deemed to include any Lien described above whether or not such Lien (x) shall permit the issuance or other incurrence of additional indebtedness secured by such Lien on such property, (y) shall permit the subjection to such Lien of
additional property and the issuance or other incurrence of additional indebtedness on the basis thereof and/or (z) shall have been granted prior to the acquisition, disposition or release of such property, shall attach to or otherwise cover
property other than the property being acquired, disposed of or released and/or shall secure obligations issued prior and/or subsequent to the issuance of the obligations delivered in connection with such acquisition, disposition or release.

 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or
pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at
which it is to be redeemed pursuant to this Indenture, exclusive of accrued and unpaid interest. 
 “Regular Record Date”
for the interest payable on any Interest Payment Date on the Securities of any series means the date specified for that purpose as contemplated by Section 301. 
 “Required Currency” has the meaning specified in Section 311. 
 “Responsible
Officer”, when used with respect to the Trustee, means officer within the corporate trust department of the Trustee, including any managing director, director, Vice President, Assistant Vice President, Trust Officer or any other officer of
the Trustee who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and
familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 
 “Retired Securities” means any Securities authenticated and delivered under this Indenture which (i) no longer remain Outstanding by reason of the applicability of clause (a) or (b) in the definition of
“Outstanding” (other than any Predecessor Security of any Security), (ii) have not been made the basis under any of the provisions of this Indenture of one or more Authorized Purposes; and (iii) have not been paid, redeemed,
purchased or otherwise retired by the application thereto of Funded Cash. 
 “Securities” has the meaning stated in the
first recital of this Indenture and more particularly means any securities authenticated and delivered under this Indenture. 
 “Securities Act” means, as of any time, the Securities Act of 1933, as amended, as in effect at such time. 
 “Security Register” and “Security Registrar” have the respective meanings specified in Section 305. 
 “Special Record Date” for the payment of any Defaulted Interest on the Securities of any series means a date fixed by the Trustee pursuant to Section 307. 
 “Stated Interest Rate” means a rate (whether fixed or variable) at which an obligation by its terms is stated to bear simple interest.
Any calculation or other determination to be made under this Indenture by reference to the Stated Interest Rate on a Security shall be made without regard to the effective interest cost to the Company of such Security and without regard to the
Stated Interest Rate on, or the effective cost to the Company of, any other indebtedness the Company’s obligations in respect of which are evidenced or secured in whole or in part by such Security. 
  

 16 

 “Stated Maturity”, when used with respect to any Security or any obligation or any
installment of principal thereof or interest thereon, means the date on which the principal of such obligation or such installment of principal or interest is stated to be due and payable (without regard to any provisions for redemption, prepayment,
acceleration, purchase or extension). 
 “Successor Company” has the meaning set forth in Section 1201. 
 “supplemental indenture” or “indenture supplemental hereto” means an instrument supplementing or amending this
Indenture executed and delivered pursuant to Article Thirteen. 
 “Tranche” means a group of Securities which (a) are
of the same series and (b) have identical terms except as to principal amount and/or date of issuance. 
 “Trustee”
means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee shall have been appointed by the Company pursuant to Section 1010 or otherwise have become such with respect to one or more
series of Securities pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder, and if at any time there is more than one such Person,
“Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “Trust Indenture Act” means, as of any time, the Trust Indenture Act of 1939, as amended, as in effect at such time. 
 “United States” means the United States of America, its territories, its possessions and other areas subject to its jurisdiction. 
 SECTION 102. Funded Property; Funded Cash. 
 “Funded Property” means: 
 (a) all Property Additions to the extent that the same shall have been made the basis of the authentication and delivery of Securities
under this Indenture pursuant to Section 1603; 
 (b) all Property Additions to the extent that the same shall have been
made the basis of the release of Funded Property from the Lien of this Indenture pursuant to Section 1803; 
 (c) all
Property Additions to the extent that the same shall have been substituted for Funded Property retired pursuant to Section 103; 
 (d) all Property Additions to the extent that the same shall have been made the basis of the withdrawal of cash held by the Trustee pursuant to Section 1605 or 1806; and 
 (e) all Property Additions to the extent that the same shall have been used as the basis of a credit against, or otherwise in satisfaction
of, the requirements of any 

  

 17 

 
sinking, improvement, maintenance, replacement or similar fund or analogous provision established with respect to the Securities of any series, or any
Tranche thereof, as contemplated by Section 301; provided, however, that any such Property Additions shall cease to be Funded Property when all of the Securities of such series or Tranche shall cease to be Outstanding. 
 In the event that in any certificate filed with the Trustee in connection with any of the Property Additions referred to in clauses (a), (b),
(d) and (e) of this definition of Funded Property, only a part of the Cost or Fair Value of the Property Additions described in such certificate shall be required for the purposes of such certificate, then such Property Additions shall be
deemed to be Funded Property only to the extent so required for the purpose of such certificate. 
 All Funded Property that shall be
abandoned, destroyed, released or otherwise disposed of shall for the purpose of Section 103 hereof be deemed Funded Property retired and for other purposes of this Indenture shall thereupon cease to be Funded Property but as in this Indenture
provided may at any time thereafter again become Funded Property. Neither any reduction in the Cost or book value of property recorded in the plant account of the Company, nor the transfer of any amount appearing in such account to intangible and/or
adjustment accounts, otherwise than in connection with actual retirements of physical property abandoned, destroyed, released or disposed of, and otherwise than in connection with the removal of such property in its entirety from plant account,
shall be deemed to constitute a retirement of Funded Property. 
 The Company, and any Expert or other Person providing certificates or
opinions under this Indenture, may make allocations, on a pro-rata or other reasonable basis (including, but not limited to, the designation of specific properties or the designation of all or a specified portion of the properties reflected in one
or more generic accounts or subaccounts in the Company’s books of account), for the purpose of determining the extent to which fungible properties, or other properties not otherwise identified, reflected in the same generic account or
subaccount in the Company’s books of account constitute Collateral, Property Additions, Funded Property or Funded Property retired or any part thereof. 
 “Funded Cash” means: 
 (a) cash, held by the Trustee hereunder, to the extent that it
represents the proceeds of insurance on Funded Property (except as otherwise provided in Section 1815), or cash deposited in connection with the release of Funded Property pursuant to Article Eighteen, or the payment of the principal of, or the
proceeds of the release of, obligations secured by Purchase Money Lien and delivered to the Trustee pursuant to Article Eighteen, all subject, however, to the provisions of Section 1806 and Section 1815; and 
 (b) any cash deposited with the Trustee under Section 1605. 
 SECTION 103. Property Additions; Cost. 
 (a) “Property Additions” means, as of any particular time, any
item, unit, element or fractional share of property which at such time is owned by the Company and is Collateral. 
 (b) When any Property
Additions are certified to the Trustee as the basis of any Authorized Purpose (except as otherwise provided in Section 1803 and Section 1806), 
  

 18 

 (i) there shall be deducted from the Cost or Fair Value to the Company thereof, as the
case may be (as of the date so certified), an amount equal to the Cost (or as to Property Additions of which the Fair Value to the Company at the time the same became Funded Property was certified to be an amount less than the Cost as determined
pursuant to this Section, then such Fair Value, as so certified, in lieu of Cost) of all Funded Property of the Company retired to the date of such certification (other than the Funded Property, if any, in connection with the application for the
release of which such certificate is filed) and not theretofore deducted from the Cost or Fair Value to the Company of Property Additions theretofore certified to the Trustee, and 
 (ii) there may, at the option of the Company, be added to such Cost or Fair Value, as the case may be, the sum of 
 (1) the principal amount of any obligations secured by Purchase Money Lien, not theretofore so added and which the Company then elects so
to add, which shall theretofore have been delivered to the Trustee or the trustee or other holder of a Lien prior to the Lien of this Indenture as the basis of the release of Funded Property retired from the Lien of this Indenture or such prior
Lien, as the case may be; 
 (2) the amount of any cash, not theretofore so added and which the Company then elects so to
add, which shall theretofore have been delivered to the Trustee or the trustee or other holder of a Lien prior to the Lien of this Indenture as the proceeds of insurance on Funded Property retired (to the extent of the portion thereof deemed to be
Funded Cash) or as the basis of the release of Funded Property retired from the Lien of this Indenture or from such prior Lien, as the case may be; 
 (3) 100/65ths of the principal amount of any Security or Securities, or portion of such principal amount, not theretofore so added and which the Company then elects so to add, (I) which shall theretofore have
been delivered to the Trustee as the basis of the release of Funded Property retired or (II) the right to the authentication and delivery of which under the provisions of Section 1604 shall at any time theretofore have been waived under
Section 1803(d)(iii) as the basis of the release of Funded Property retired; 
 (4) the Cost or Fair Value to the
Company (whichever shall be less) of any Property Additions, not theretofore so added and which the Company then elects so to add, which shall theretofore have been made the basis of the release of Funded Property retired (such Fair Value to be the
amount shown in the Expert’s Certificate delivered to the Trustee in connection with such release); and 
 (5) the Cost
to the Company of any Property Additions not theretofore so added and which the Company then elects so to add, to the extent that the same shall have been substituted for Funded Property retired; 
 provided, however, that the aggregate of the amounts added under clause (ii) above shall in no event exceed the amounts deducted under clause
(i) above. 
 (c) Except as otherwise provided in Section 1803, the term “Cost” with respect to Property Additions
shall mean the sum of (i) any cash delivered in payment therefor or for the acquisition thereof, (ii) an amount equivalent to the fair market value in cash (as of the date of delivery) of any securities or other property delivered in
payment therefor or for the acquisition thereof, (iii) the principal 

  

 19 

 
amount of any obligations secured by prior Lien upon such Property Additions outstanding at the time of the acquisition thereof, (iv) the principal
amount of any other obligations incurred or assumed in connection with the payment for such Property Additions or for the acquisition thereof and (v) any other amounts which, in accordance with generally accepted accounting principles, are
properly charged or chargeable to the plant or other property accounts of the Company with respect to such Property Additions as part of the cost of construction or acquisition thereof, including, but not limited to, any allowance for funds used
during construction or any similar or analogous amount; provided, however, that, notwithstanding any other provision of this Indenture, 
 (i) with respect to Property Additions owned by a successor corporation immediately prior to the time it shall have become such by consolidation or merger or acquired by a successor corporation in or as a result of a
consolidation or merger (excluding, in any case, Property Additions owned by the Company immediately prior to such time), Cost shall mean the amount or amounts at which such Property Additions are recorded in the plant or other property accounts of
such successor corporation, or the predecessor corporation from which such Property Additions are acquired, as the case may be, immediately prior to such consolidation or merger; 
 (ii) with respect to Property Additions which shall have been acquired (otherwise than by construction) by the Company without any
consideration consisting of cash, securities or other property or the incurring or assumption of indebtedness, no determination of Cost shall be required, and, wherever in this Indenture provision is made for Cost or Fair Value, Cost with respect to
such Property Additions shall mean an amount equal to the Fair Value to the Company thereof or, if greater, the aggregate amount reflected in the Company’s books of account with respect thereto upon the acquisition thereof; and 
 (iii) in no event shall the Cost of Property Additions be required to reflect any depreciation or amortization in respect of such Property
Additions, or any adjustment to the amount or amounts at which such Property Additions are recorded in plant or other property accounts due to the non-recoverability of investment or otherwise. 
 If any Property Additions are shown by the Expert’s Certificate provided for in Section 1603(b)(ii) to include property which has been used or
operated by others than the Company in a business similar to that in which it has been or is to be used or operated by the Company, the Cost thereof need not be reduced by any amount in respect of any goodwill, going concern value rights and/or
intangible property simultaneously acquired for which no separate or distinct consideration shall have been paid or apportioned, and in such case the term Property Additions as defined herein may include such goodwill, going concern value rights and
intangible property. 
 For purposes of the deductions required by this Section, the term “Cost” with respect to Collateral that
was owned by the Company on December 31, 2008 shall mean the net book value of such property on such date as shown on the books of the Company unless such property became Collateral after the Execution Date. For the avoidance of doubt, if any
property owned by the Company on December 31, 2008 would have constituted Funded Property but for its retirement on or prior to the Execution Date, such property shall be deemed to be Funded Property retired for purposes of this Section.

  

 20 

 SECTION 104. Compliance Certificates and Opinions. 
 Except as otherwise expressly provided in this Indenture, upon any application or request by the Company to the Trustee to take any action under any
provision of this Indenture, the Company shall furnish to the Trustee an Officer’s Certificate stating that in the opinion of the Authorized Officer executing such Officer’s Certificate all conditions precedent, if any, provided for in
this Indenture relating to the proposed action (including any covenants compliance with which constitutes a condition precedent) have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions
precedent, if any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application
or request, no additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture shall include: 
 (a) a statement that each Person signing such certificate or opinion
has read such covenant or condition and the definitions herein relating thereto; 
 (b) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a statement
that, in the opinion of each such Person, such Person has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and

 (d) a statement as to whether, in the opinion of each such Person, such condition or covenant has been complied with. 
 SECTION 105. Form of Documents Delivered to Trustee. 
 (a) Any Officer’s Certificate may be based (without further examination or investigation), insofar as it relates to or is dependent upon legal matters, upon an opinion of, or representations by, counsel, and, insofar as it relates to
or is dependent upon matters which are subject to verification by Accountants, upon a certificate or opinion of, or representations by, an Accountant, and insofar as it relates to or is dependent upon matters which are required in this Indenture to
be covered by a certificate or opinion of, or representations by, an Expert, upon the certificate or opinion of, or representations by, an Expert, unless, in any case, such officer has actual knowledge that the certificate or opinion or
representations with respect to the matters upon which such Officer’s Certificate may be based as aforesaid are erroneous. 
 Any
Expert’s Certificate may be based (without further examination or investigation), insofar as it relates to or is dependent upon legal matters, upon an opinion of, or representations by, counsel, and insofar as it relates to or is dependent upon
factual matters, information with respect to which is in the possession of the Company and which are not subject to verification by Experts, upon a certificate or opinion of, or representations by, an officer or officers of the Company, unless such
expert has actual knowledge that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion may be based as aforesaid are erroneous. 
  

 21 

 Any certificate of an Accountant may be based (without further examination or investigation), insofar as
it relates to or is dependent upon legal matters, upon an opinion of, or representations by, counsel, and in so far as it relates to or is dependent upon factual matters, information with respect to which is in the possession of the Company and
which are not subject to verification by Accountants, upon a certificate of, or representations by, an officer or officers of the Company, unless such Accountant has actual knowledge that the certificate or opinion or representations with respect to
the matters upon which his certificate or opinion may be based as aforesaid are erroneous. 
 Any Opinion of Counsel may be based (without
further examination or investigation), insofar as it relates to or is dependent upon factual matters, information with respect to which is in the possession of the Company, upon a certificate of, or representations by, an officer or officers of the
Company, and, insofar as it relates to or is dependent upon matters which are subject to verification by Accountants upon a certificate or opinion of, or representations by, an Accountant, and, insofar as it relates to or is dependent upon matters
required in this Indenture to be covered by a certificate or opinion of, or representations by, an Expert, upon the certificate or opinion of, or representations by, an Expert, unless such counsel has actual knowledge that the certificate or opinion
or representations with respect to the matters upon which his opinion may be based as aforesaid are erroneous. In addition, any Opinion of Counsel may be based (without further examination or investigation), insofar as it relates to or is dependent
upon matters covered in an Opinion of Counsel rendered by other counsel, upon such other Opinion of Counsel, unless such counsel has actual knowledge that the Opinion of Counsel rendered by such other counsel with respect to the matters upon which
his Opinion of Counsel may be based as aforesaid are erroneous. Further, any Opinion of Counsel with respect to the status of title to or the sufficiency of descriptions of property, and/or the existence of Liens thereon, and/or the recording or
filing of documents, and/or any similar matters, may be based (without further examination or investigation) upon (i) title insurance policies or commitments and reports, abstracts of title, lien search certificates and other similar documents
or (ii) certificates of, or representations by, officers, employees, agents and/or other representatives of the Company or (iii) any combination of the documents referred to in (i) and (ii), unless, in any case, such counsel has
actual knowledge that the document or documents with respect to the matters upon which his opinion may be based as aforesaid are erroneous. If, in order to render any Opinion of Counsel provided for herein, the signer thereof shall deem it necessary
that additional facts or matters be stated in any Officer’s Certificate, certificate of an Accountant or Expert’s Certificate provided for herein, then such certificate may state all such additional facts or matters as the signer of such
Opinion of Counsel may request. 
 (b) In any case where several matters are required to be certified by, or covered by an opinion of, any
specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may certify or give an opinion with
respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. Where (i) any Person is required to make, give or execute two or
more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, or (ii) two or more Persons are each required to make, give or execute any such application, request, consent, certificate,
statement, opinion or other instrument, any such applications, requests, consents, certificates, statements, opinions or other instruments may, but need not, be consolidated and form one instrument. 
 (c) Whenever, subsequent to the receipt by the Trustee of any Board Resolution, Officer’s Certificate, Expert’s Certificate, Opinion of Counsel
or other document or instrument, a clerical, typographical or other inadvertent or unintentional error or omission shall be discovered therein, a new document or instrument may be substituted therefor in corrected form with the same force and effect
as if 

  

 22 

 
originally filed in the corrected form and, irrespective of the date or dates of the actual execution and/or delivery thereof, such substitute document or
instrument shall be deemed to have been executed and/or delivered as of the date or dates required with respect to the document or instrument for which it is substituted. Anything in this Indenture to the contrary notwithstanding, if any such
corrective document or instrument indicates that action has been taken by or at the request of the Company which could not have been taken had the original document or instrument not contained such error or omission, the action so taken shall not be
invalidated or otherwise rendered ineffective but shall be and remain in full force and effect, except to the extent that such action was a result of willful misconduct or bad faith. Without limiting the generality of the foregoing, any Securities
issued under the authority of such defective document or instrument shall nevertheless be the valid obligations of the Company entitled to the benefits of this Indenture equally and ratably with all other Outstanding Securities, except as aforesaid.

 SECTION 106. Acts of Holders. 
 (a) Any
request, demand, authorization, direction, notice, consent, election, waiver or other action provided by this Indenture to be made, given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such Holders in person or by an agent duly appointed in writing or, alternatively, may be embodied in and evidenced by the record of Holders voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting
of Holders duly called and held in accordance with the provisions of Article Fourteen, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument
or instruments or record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments and so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture and (subject to Section 1001) conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section. The record of any meeting of Holders shall be
proved in the manner provided in Section 1406. 
 (b) The fact and date of the execution by any Person of any such instrument or writing
may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged
to him the execution thereof or may be proved in any other manner which the Trustee and the Company deem sufficient. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall
also constitute sufficient proof of his authority. 
 (c) The ownership, principal amount (except as otherwise contemplated in clause
(y) of the first proviso to the definition of Outstanding) and serial numbers of Securities held by any Person, and the date of holding the same, shall be proved by the Security Register. 
 (d) Any request, demand, authorization, direction, notice, consent, election, waiver or other Act of a Holder shall bind every future Holder of the same
Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Security. 
 (e) Until such time as written instruments shall have been delivered to
the Trustee with respect to the requisite percentage of principal amount of Securities for the action contemplated by 

  

 23 

 
such instruments, any such instrument executed and delivered by or on behalf of a Holder may be revoked with respect to any or all of such Securities by
written notice by such Holder or any subsequent Holder, proven in the manner in which such instrument was proven. 
 (f) Securities of any
series, or any Tranche thereof, authenticated and delivered after any Act of Holders may, and shall if required by the Trustee, bear a notation in form approved by the Company as to any action taken by such Act of Holders. If the Company shall so
determine, new Securities of any series, or any Tranche thereof, so modified as to conform, in the opinion of the Company, to such action may be prepared and executed by the Company and authenticated and delivered by the Trustee in exchange for
Outstanding Securities of such series or Tranche. 
 (g) If the Company shall solicit from Holders any request, demand, authorization,
direction, notice, consent, waiver or other Act, the Company may, at its option, fix in advance a record date for the determination of Holders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but
the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the
close of business on the record date shall be deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of the Outstanding Securities have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other Act, and for that purpose the Outstanding Securities shall be computed as of the record date. 
 SECTION 107. Notices, Etc. to Trustee or Company. 
 Except as otherwise provided herein, any request, demand, authorization,
direction, notice, consent, election, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, the Trustee by any Holder or by the Company, or the Company by the
Trustee or by any Holder, shall be sufficient for every purpose hereunder (unless otherwise expressly provided herein) if in writing and delivered personally to an officer or other responsible employee of the addressee, or transmitted by facsimile
transmission to such telephone number set forth for such party below or such other address, telephone number or other method of electronic communication as the parties hereto shall from time to time designate, or delivered by registered or certified
mail or reputable overnight courier, charges prepaid, to the applicable address set forth for such party below or to such other address as either party hereto may from time to time designate: 
 If to the Trustee, to: 
 Deutsche Bank Trust Company Americas 
 Trust & Securities Services 
 60 Wall Street, MSNYC60-2710 
 New York, New York 10005 
 Attention: Corporate Team – Client Service Deal Manager

 Telephone: 908-608-3191 
 Telecopy: 732-578-4635 
 with a copy to: 
 Deutsche Bank Trust Company Americas 
 c/o Deutsche Bank National Trust Company 
 Trust & Securities Services 

25 DeForest Avenue, MSSUM01-01-5 
 Summit, New Jersey 07901 
  

 24 

 Attention: Corporate Team – Client Service Deal Manager 
 Telephone: 908-608-3191 
 Telecopy: 732-578-4635 
 If to the Company, to: 
 Baltimore Gas and Electric Company 
 2 Center Plaza 
 110 West Fayette Street 
 Baltimore, Maryland 21201 
 Attention: Treasurer 
 Telephone: 410-470-5616 
 Telecopy: 443-213-3400 
 Any
communication contemplated herein shall be deemed to have been made, given, furnished and filed if personally delivered, on the date of delivery, if transmitted by facsimile transmission or other method of electronic communication, on the date of
transmission, and if transmitted by registered or certified mail or reputable overnight courier, on the date of receipt. 
 SECTION 108. Notice to Holders
of Securities; Waiver. 
 Except as otherwise expressly provided herein, where this Indenture provides for notice to Holders of any event,
such notice shall be sufficiently given, and shall be deemed given, to Holders if in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at the address of such Holder as it appears in the Security Register, not
later than the latest date, and not earlier than the earliest date, if any, prescribed for the giving of such Notice. 
 In case by reason of
the suspension of regular mail service or by reason of any other cause it shall be impracticable to give such notice to Holders by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient
notification for every purpose hereunder. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice
with respect to other Holders. 
 Any notice required by this Indenture may be waived in writing by the Person entitled to receive such
notice, either before or after the event otherwise to be specified therein, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to
the validity of any action taken in reliance upon such waiver. 
 SECTION 109. Conflict with Trust Indenture Act. 
 If any provision of this Indenture limits, qualifies or conflicts with another provision hereof which is required or deemed to be included in this
Indenture by, or is otherwise governed by, any provision of the Trust Indenture Act, such other provision shall control; and if any provision hereof otherwise conflicts with the Trust Indenture Act, the Trust Indenture Act shall control unless
otherwise provided as contemplated by Section 301 with respect to any series of Securities. 
  

 25 

 SECTION 110. Effect of Headings and Table of Contents. 
 The Article and Section headings in this Indenture and the Table of Contents are for convenience only and shall not affect the construction hereof.

 SECTION 111. Successors and Assigns. 
 All covenants and agreements in this Indenture by the Company and Trustee shall bind their respective successors and assigns, whether so expressed or not. 
 SECTION 112. Separability Clause. 
 In case any provision in this Indenture or the Securities shall be held to be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 SECTION 113. Benefits of Indenture. 
 Nothing in this Indenture or the Securities, express or implied, shall give to any
Person, other than the parties hereto, their successors hereunder and the Holders of any Outstanding Securities, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 SECTION 114. Governing Law. 
 This Indenture and the
Securities shall be governed by and construed in accordance with the law of the State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that
the Trust Indenture Act shall be applicable and except to the extent that the law of any jurisdiction wherein any portion of the Collateral is located shall mandatorily govern the creation of a mortgage lien on or security interest in, or
perfection, priority or enforcement of the Lien of this Indenture or exercise of remedies with respect to, such portion of the Collateral. 
 SECTION 115.
Legal Holidays. 
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Security shall not be a Business
Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities other than a provision in Securities of any series, or any Tranche thereof, or in the indenture supplemental hereto, Board Resolution or
Officer’s Certificate which establishes the terms of the Securities of such series or Tranche, which specifically states that such provision shall apply in lieu of this Section) payment of interest or principal and premium, if any, need not be
made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date, Redemption Date, or Stated Maturity, and, if such
payment is made or duly provided for on such Business Day, no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be, to such Business Day.

  

 26 

 SECTION 116. Investment of Cash Held by Trustee. 
 Any cash held by the Trustee or any Paying Agent under any provision of this Indenture shall, except as otherwise provided in Section 1806 or in
Article Eight, at the request of the Company evidenced by Company Order, be invested or reinvested in Investment Securities designated by the Company (such Company Order to contain a representation to the effect that the securities designated
therein constitute Investment Securities), and any interest on such Investment Securities shall be promptly paid over to the Company as received free and clear of any Lien. Such Investment Securities shall be held subject to the same provisions
hereof as the cash used to purchase the same, but upon a like request of the Company shall be sold, in whole or in designated part, and the proceeds of such sale shall be held subject to the same provisions hereof as the cash used to purchase the
Investment Securities so sold. If the cash used to purchase such Investment Securities was being held as part of the Collateral, then such Investment Securities and proceeds shall also be held as part of the Collateral. If such sale shall produce a
net sum less than the cost of the Investment Securities so sold, the Company shall pay to the Trustee or any such Paying Agent, as the case may be, such amount in cash as, together with the net proceeds from such sale, shall equal the cost of the
Investment Securities so sold, and if such sale shall produce a net sum greater than the cost of the Investment Securities so sold, the Trustee or any such Paying Agent, as the case may be, shall promptly pay over to the Company an amount in cash
equal to such excess, free and clear of any Lien. In no event shall the Trustee be liable for any loss incurred in connection with the sale of any Investment Security pursuant to this Section. 
 It is agreed and understood that the entity serving as Trustee may earn fees associated with the investments outlined above in accordance with the terms
of such investments. Notwithstanding the foregoing, the Trustee shall have the power to sell or liquidate the foregoing investments whenever the Trustee shall be required to release all or any portion of the cash. In no event shall the Trustee be
deemed an investment manager or adviser in respect of any selection of investments hereunder. It is understood and agreed that the Trustee or its affiliates are permitted to receive additional compensation that could be deemed to be in the
Trustee’s economic self-interest for (1) serving as investment adviser, administrator, shareholder servicing agent, custodian or sub-custodian with respect to certain of the investments, (2) using affiliates to effect transactions in
certain investments and (3) effecting transactions in investments. 
 Notwithstanding the foregoing, if an Event of Default shall have
occurred and be continuing, interest on Investment Securities and any gain upon the sale thereof shall be held as part of the Collateral until such Event of Default shall have been cured or waived, whereupon such interest and gain shall be promptly
paid over to the Company free and clear of any Lien. 
 Subject to the provisions of this Indenture, the Trustee (or any Paying Agent), in
its capacity as a “bank” (within the meaning of Section 9-102(8) of the Uniform Commercial Code of the State of New York), shall have sole dominion and control over any deposit account where cash that is being held as part of the
Collateral is deposited; provided, that, upon the occurrence and continuation of an Event of Default, the Trustee (or any Paying Agent), in such capacity, shall comply with all instructions originated by the Trustee (or any Paying Agent) directing
the disposition of such cash in such deposit account without further consent or instruction by the Company. 
 The Company acknowledges that
in accordance with the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56 (the “Patriot Act”), the Trustee, like all financial institutions, is
required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with Deutsche Bank Trust Company Americas. The Company agrees that it will provide the Trustee with
such information as it may request in order for the Trustee to satisfy the requirements of the Patriot Act. 
  

 27 

 SECTION 117. Force Majeure. 
 In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control,
including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or
computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

 SECTION 118. Waiver of Jury Trial. 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 ARTICLE TWO 
 Security Forms 
 SECTION 201. Forms Generally. 
 The definitive Securities of each series shall be in substantially the form or forms thereof established in the indenture supplemental hereto establishing
such series or in a Board Resolution establishing such series, or in an Officer’s Certificate pursuant to such a supplemental indenture or Board Resolution, in each case with such appropriate insertions, omissions, substitutions and other
variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such notations, legends or endorsements placed thereon as may be required to comply with applicable law, the rules of
any securities exchange or depository, including The Depository Trust Company, or other clearing corporation or securities intermediary, automated quotation system, agreements to which the Company is subject, or usage, or as may, consistently
herewith, be determined by the officers executing such Securities, as evidenced by their execution thereof. If the form or forms of Securities of any series are established in a Board Resolution or in an Officer’s Certificate pursuant to a
supplemental indenture or a Board Resolution, such Board Resolution and Officer’s Certificate, if any, shall be delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication
and delivery of such Securities. 
 Unless otherwise specified as contemplated by Section 301, the Securities of each series shall be
issuable in registered form without coupons. The definitive Securities shall be produced in such manner as shall be determined by the officers executing such Securities, as evidenced by their execution thereof. 
  

 28 

 SECTION 202. Form of Trustee’s Certificate of Authentication. 
 The Trustee’s certificate of authentication shall be in substantially the form set forth below: 
 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee
		
	By:	 	  

		 	Authorized Signatory

 ARTICLE THREE 
 The Securities 
 SECTION 301. Amount Unlimited; Issuable in Series. 
 The aggregate principal amount of Securities which may be executed by the Company and authenticated and delivered by the Trustee and secured by this
Indenture shall be unlimited except as provided in this Article and Section 1601. 
 The Securities may be issued in one or more series.
Subject to the last paragraph of this Section, prior to the authentication and delivery of Securities of any series there shall be established by specification in a supplemental indenture or in a Board Resolution or in an Officer’s Certificate
pursuant to a supplemental indenture or a Board Resolution: 
 (a) the title of the Securities of such series (which shall distinguish the
Securities of such series from Securities of all other series); 
 (b) any limit upon the aggregate principal amount of the Securities of
such series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of such series pursuant to
Section 304, 305, 306, 506 or 1306 and except for any Securities which, pursuant to Section 303, are deemed never to have been authenticated and delivered hereunder); 
 (c) the Person or Persons (without specific identification) to whom any interest on Securities of such series, or any Tranche thereof, shall be payable
on any Interest Payment Date, if other than the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
 (d) the date or dates on which the principal of the Securities of such series or any Tranche thereof, is payable or any formulary or other method or
means by which such date or dates shall be determined, by reference to an index or other fact or event ascertainable outside of this Indenture or otherwise (without regard to any provisions for redemption, prepayment, acceleration, purchase or
extension); and the right, if any, to extend the Maturity of the Securities of such series, or any Tranche thereof, and the duration of any such extension; 
  

 29 

 (e) the rate or rates at which the Securities of such series, or any Tranche thereof, shall bear
interest, if any (including the rate or rates at which overdue principal shall bear interest after Maturity if different from the rate or rates at which such Securities shall bear interest prior to Maturity, and, if applicable, the rate or rates at
which overdue premium or interest shall bear interest, if any), or any formulary or other method or means by which such rate or rates shall be determined by reference to an index or other fact or event ascertainable outside of this Indenture or
otherwise, the date or dates from which such interest shall accrue; the Interest Payment Dates and the Regular Record Dates, if any, for the interest payable on such Securities on any Interest Payment Date; and the basis of computation of interest,
if other than as provided in Section 310; and the right, if any, to extend the interest payment periods and the duration of any such extension; 
 (f) the place or places at which and/or methods (if other than as provided elsewhere in this Indenture) by which (i) the principal of and premium, if any, and interest, if any, on Securities of such series, or
any Tranche thereof, shall be payable, (ii) registration of transfer of Securities of such series, or any Tranche thereof, may be effected, (iii) exchanges of Securities of such series, or any Tranche thereof, may be effected and
(iv) notices and demands to or upon the Company in respect of the Securities of such series, or any Tranche thereof, and this Indenture may be served; the Security Registrar and any Paying Agent or Agents for such series or Tranche; and, if
such is the case, that the principal of such Securities shall be payable without the presentment or surrender thereof; 
 (g) the period or
periods within which, or the date or dates on which, the price or prices at which and the terms and conditions upon which the Securities of such series, or any Tranche thereof, may be redeemed, in whole or in part, at the option of the Company and
any restrictions on such redemptions, including but not limited to a restriction on a partial redemption by the Company of the Securities of any series, or any Tranche thereof, resulting in delisting of such Securities from any national exchange;

 (h) the obligation or obligations, if any, of the Company to redeem or purchase or repay the Securities of such series, or any Tranche
thereof, pursuant to any sinking fund or other mandatory redemption provisions or at the option of a Holder thereof and the period or periods within which or the date or dates on which, the price or prices at which and the terms and conditions upon
which such Securities shall be redeemed or purchased or repaid, in whole or in part, pursuant to such obligation and applicable exceptions to the requirements of Section 504 in the case of mandatory redemption or redemption or repayment at the
option of the Holder; 
 (i) the denominations in which Securities of such series, or any Tranche thereof, shall be issuable if other than
denominations of One Thousand Dollars ($1,000) and any integral multiple thereof; 
 (j) if the principal of or premium, if any, or interest,
if any, on the Securities of such series, or any Tranche thereof, are to be payable, at the election of the Company or a Holder thereof, in a coin or currency other than that in which the Securities are stated to be payable, the period or periods
within which, and the terms and conditions upon which, such election may be made and the manner in which the amount of such coin or currency payable is to be determined; 
 (k) the currency or currencies, including composite currencies, in which payment of the principal of and premium, if any, and interest, if any, on the Securities of such series, or any Tranche 

  

 30 

 
thereof, shall be payable (if other than Dollars) and the manner in which the equivalent of the principal amount thereof in Dollars is to be determined for
any purpose, including for the purpose of determining the principal amount deemed to be Outstanding at any time; 
 (l) if the principal of
or premium, if any, or interest, if any, on the Securities of such series, or any Tranche thereof, are to be payable, or are to be payable at the election of the Company or a Holder thereof, in securities or other property, the type and amount of
such securities or other property, or the formulary or other method or means by which such amount shall be determined, and the period or periods within which, and the terms and conditions upon which, any such election may be made; 
 (m) if the amount payable in respect of principal of or premium, if any, or interest, if any, on the Securities of such series, or any Tranche thereof,
may be determined with reference to an index or other fact or event ascertainable outside this Indenture, the manner in which such amounts shall be determined to the extent not established pursuant to clause (e) of this paragraph; 

(n) if other than the principal amount thereof, the portion of the principal amount of Securities of such series, or any Tranche thereof, which shall
be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 902; 
 (o) any Events of Default, in addition
to those specified in Section 901, or any exceptions to those specified in Section 901, with respect to the Securities of such series, and any covenants of the Company for the benefit of the Holders of the Securities of such series, or any
Tranche thereof, in addition to those set forth in Article Seven, or any exceptions to those set forth in Article Seven; 
 (p) the
terms, if any, pursuant to which the Securities of such series, or any Tranche thereof, may be converted into or exchanged for shares of capital stock or other securities of the Company or any other Person; 
 (q) the obligations or instruments, if any, which shall be considered to be Eligible Obligations in respect of the Securities of such series, or any
Tranche thereof, denominated in a currency other than Dollars or in a composite currency, whether Eligible Obligations include Investment Securities with respect to Securities of such series, and any provisions for satisfaction and discharge of
Securities of any series, in addition to those set forth in Article Eight, or any exceptions to those set forth in Article Eight; 
 (r)
if the Securities of such series, or any Tranche thereof, are to be issued in global form, (i) any limitations on the rights of the Holder or Holders of such Securities to transfer or exchange the same or to obtain the registration of transfer
thereof, (ii) any limitations on the rights of the Holder or Holders thereof to obtain certificates therefor in definitive form in lieu of global form and (iii) any other matters incidental to such Securities; 
 (s) if the Securities of such series, or any Tranche thereof, are to be issuable as bearer securities, any and all matters incidental thereto which are
not specifically addressed in a supplemental indenture as contemplated by clause (g) of Section 1301; 
 (t) to the extent not
established pursuant to clause (r) of this paragraph, any limitations on the rights of the Holders of the Securities of such Series, or any Tranche thereof, to transfer or exchange such Securities or to obtain the registration of transfer
thereof; and if a service charge will be made for the registration of transfer or exchange of Securities of such series, or any Tranche thereof, the amount or terms thereof; 
  

 31 

 (u) any exceptions to Section 115, or variation in the definition of Business Day, with respect to
the Securities of such series, or any Tranche thereof; 
 (v) whether the Securities of such series will have additional collateral security;
and 
 (w) any other terms of the Securities of such series, or any Tranche thereof, that the Company may elect to specify. 
 With respect to Securities of a series subject to a Periodic Offering, the indenture supplemental hereto or the Board Resolution which establishes such
series, or the Officer’s Certificate pursuant to such supplemental indenture or Board Resolution, as the case may be, may provide general terms or parameters for Securities of such series and provide either that the specific terms of Securities
of such series, or any Tranche thereof, shall be specified in a Company Order or that such terms shall be determined by the Company or its agents in accordance with procedures specified in a Company Order as contemplated in clause (b) of
Section 303. 
 Unless otherwise provided with respect to a series of Securities as contemplated in Section 301(b), without the
consent of any Holder, subject to Article Sixteen hereof, the aggregate principal amount of a series of Securities may be increased and additional Securities of such series may be issued up to the maximum aggregate principal amount authorized with
respect to such series as increased. 
 SECTION 302. Denominations. 
 Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities, or any Tranche thereof, the Securities of each series shall be issuable in denominations of One Thousand Dollars
($1,000) and any integral multiple thereof. 
 SECTION 303. Execution, Authentication, Delivery and Dating. 
 Unless otherwise provided as contemplated by Section 301 with respect to any series of Securities or any Tranche thereof, the Securities shall be
executed on behalf of the Company by an Authorized Officer, and may have the corporate seal of the Company affixed thereto or reproduced thereon attested by any other Authorized Officer or by the Secretary or an Assistant Secretary of the Company.
The signature of any or all of these officers on the Securities may be manual or facsimile. 
 Securities bearing the manual or facsimile
signatures of individuals who were at the time of execution Authorized Officers or the Secretary or an Assistant Secretary of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices
prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 The Trustee shall
authenticate and deliver Securities of a series for original issue, at one time or from time to time in accordance with the Company Order referred to below, upon receipt by the Trustee of: 
 (a) the instrument or instruments establishing the form or forms and terms of the Securities of such series, as provided in Sections 201 and 301;

  

 32 

 (b) a Company Order requesting the authentication and delivery of such Securities and, to the extent that
the terms of such Securities shall not have been established in an indenture supplemental hereto or in a Board Resolution, or in an Officer’s Certificate pursuant to a supplemental indenture or Board Resolution, all as contemplated by
Section 301, either (i) establishing such terms or (ii) in the case of Securities of a series subject to a Periodic Offering, specifying procedures, acceptable to the Trustee, by which such terms are to be established (which
procedures may provide, to the extent acceptable to the Trustee, for authentication and delivery pursuant to oral or electronic instructions from the Company or any agent or agents thereof, which oral instructions are to be promptly confirmed
electronically or in writing), in either case in accordance with the instrument or instruments establishing the terms of the Securities of such series delivered pursuant to clause (a) above; 
 (c) any opinions, certificates, documents and instruments required by Article Sixteen; 
 (d) Securities of such series, each executed on behalf of the Company by an Authorized Officer of the Company; 
 (e) an Officer’s Certificate (i) which shall comply with the requirements of Section 104 of this Indenture and (ii) which states that
no Event of Default under this Indenture has occurred or is occurring; and 
 (f) an Opinion of Counsel which shall comply with the
requirements of Section 104 of this Indenture and that states that: 
 (i) the form or forms of such Securities have been
duly authorized by the Company and have been established in conformity with the provisions of this Indenture; 
 (ii) the
terms of such Securities have been duly authorized by the Company and have been established in conformity with the provisions of this Indenture; and 
 (iii) when such Securities shall have been authenticated and delivered by the Trustee and issued and delivered by the Company in the manner and subject to any conditions specified in such Opinion of Counsel, such
Securities will have been duly issued under this Indenture and will constitute valid and legally binding obligations of the Company, entitled to the benefits provided by this Indenture, and enforceable in accordance with their terms, subject, as to
enforcement, to laws relating to or affecting generally the enforcement of mortgagees’ and other creditors’ rights, including, without limitation, bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting
the rights and remedies of creditors and mortgagees’ generally and general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 provided, however, that, with respect to Securities of a series subject to a Periodic Offering, the Trustee shall be provided with such Opinion of Counsel only once at
or prior to the time of the first authentication and delivery of Securities of such series and that in lieu of the opinions described in clauses (ii) and (iii) above such Opinion of Counsel may, alternatively, state, respectively,

  

 33 

 (x) that, when the terms of such Securities shall have been established pursuant to a
Company Order or Orders, or pursuant to such procedures as may be specified from time to time by a Company Order or Orders, all as contemplated by and in accordance with the instrument or instruments delivered pursuant to clause (a) above, such
terms will have been duly authorized by the Company and will have been established in conformity with the provisions of this Indenture; and 
 (y) that, such Securities, when (1) executed by the Company, (2) authenticated and delivered by the Trustee in accordance with this Indenture, (3) issued and delivered by the Company and (4) paid
for, all as contemplated by and in accordance with the aforesaid Company Order or Orders, as the case may be, will have been duly issued under this Indenture and will constitute valid and legally binding obligations of the Company, entitled to the
benefits provided by the Indenture, and enforceable in accordance with their terms, subject, as to enforcement, to laws relating to or affecting generally the enforcement of mortgagees’ and other creditors’ rights, including, without
limitation, bankruptcy, insolvency, reorganization, receivership, moratorium and other laws affecting the rights and remedies of creditors and mortgagees’ generally and general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 With respect to Securities of a series subject to a Periodic Offering, the Trustee may
conclusively rely, as to the authorization by the Company of any of such Securities, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, and compliance of the authentication and delivery thereof with
the terms and conditions of this Indenture, upon the Opinion of Counsel and other documents delivered pursuant to Sections 201 and 301 and this Section, as applicable, at or prior to the time of the first authentication of Securities of such
series, unless and until such opinion or other documents have been superseded or revoked or expire by their terms. In connection with the authentication and delivery of Securities of a series, pursuant to a Periodic Offering, the Trustee shall be
entitled to assume that the Company’s instructions to authenticate and deliver such Securities do not violate any applicable law or any applicable rule, regulation or order of any Governmental Authority having jurisdiction over the Company.

 If the forms or terms of the Securities of any series have been established by or pursuant to a Board Resolution or an Officer’s
Certificate as permitted by Sections 201 or 301, the Trustee shall not be required to authenticate such Securities if the issuance of such Securities pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities
under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Except as otherwise
specified as contemplated by Section 301 with respect to any series of Securities, or any Tranche thereof, each Security shall be dated the date of its authentication. 
 Except as otherwise specified as contemplated by Section 301 with respect to any series of Securities, or any Tranche thereof, no Security shall be
entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee or its agent by manual
signature of an authorized officer thereof, and such certificate upon any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this
Indenture. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder to the Company, or any Person acting on its behalf, but shall never have been issued and sold by the Company, and the Company shall
deliver such Security to the Trustee 

  

 34 

 
for cancellation as provided in Section 309 together with a written statement (which need not comply with Section 104 and need not be accompanied
by an Opinion of Counsel) stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled
to the benefits hereof. 
 SECTION 304. Global or Temporary Securities. 
 The Company may issue some or all of the Securities in temporary or permanent global form. The Company may issue a global Security only to a depository, including The Depository Trust Company, or other clearing
corporation or securities intermediary, or its nominee. A depository or its nominee may transfer a Security in global form only to a nominee of a depository or to a successor depository, but upon request of such depository, the Company shall deliver
non-global Securities in exchange for global Securities. A global Security shall represent the amount of Securities specified in the global Security. A global Security may have variations that the depository requires or that the Company considers
appropriate for such a security, including grids for increasing or decreasing the principal amount of such Security. Beneficial owners of part or all of a global Security are subject to the rules of the depository as in effect from time to time. The
Company, the Trustee and any Registrar and any Paying Agent shall not be responsible for any acts or omissions of a depository, for any depository records of beneficial ownership interests or for any transactions between the depository and
beneficial owners. 
 Until definitive Securities are ready for delivery, the Company may use temporary Securities. Temporary Securities
shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall deliver definitive Securities in exchange for
temporary Securities. Until exchanged in full as hereinabove provided, temporary Securities shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and Tranche and of like tenor
authenticated and delivered hereunder. 
 SECTION 305. Registration, Registration of Transfer and Exchange. 
 The Company shall cause to be kept in each office designated pursuant to Section 702, with respect to the Securities of each series, a register (all
registers kept in accordance with this Section being collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities of
such series, or any Tranche thereof, and the registration of transfer thereof. The Company shall designate one Person to maintain the Security Register for the Securities of each series on a consolidated basis, and such Person is referred to herein,
with respect to such series, as the “Security Registrar.” Anything herein to the contrary notwithstanding, the Company may designate one or more of its offices as an office in which a register with respect to the Securities of one or more
series shall be maintained, and the Company may designate itself the Security Registrar with respect to one or more of such series. The Security Register shall be open for inspection by the Trustee and the Company at all reasonable times.

 Unless otherwise specified as contemplated by Section 301 with respect to Securities of any series, or any Tranche thereof, the
Trustee shall be the initial Security Registrar for each series of Securities. 
 Except as otherwise specified as contemplated by
Section 301 with respect to the Securities of any series, or any Tranche thereof, upon surrender for registration of transfer of any Security 

  

 35 

 
of such series or Tranche at the office or agency of the Company maintained pursuant to Section 702 in a Place of Payment for such series or Tranche,
the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Securities of the same series and Tranche, of authorized denominations and of like tenor and
aggregate principal amount. 
 Except as otherwise specified as contemplated by Section 301 with respect to the Securities of any
series, or any Tranche thereof, any Security of such series or Tranche may be exchanged at the option of the Holder for one or more new Securities of the same series and Tranche, of authorized denominations and of like tenor and aggregate principal
amount, upon surrender of the Securities to be exchanged at any such office or agency. Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities, which the
Holder making the exchange is entitled to receive. 
 All Securities delivered upon any registration of transfer or exchange of Securities
shall be valid obligations of the Company, evidencing the same obligation, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company, the Trustee or the Security
Registrar) be duly endorsed or shall be accompanied by a written instrument of transfer in form satisfactory to the Company, the Trustee or the Security Registrar, as the case may be, duly executed by the Holder thereof or his attorney duly
authorized in writing. In each case, the Trustee, the Security Registrar or the Company may require a signature guaranty as evidence of due endorsement, execution or authorization. 
 Unless otherwise specified as contemplated by Section 301 with respect to Securities of any series, or any Tranche thereof, no service charge shall
be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange
of Securities, other than exchanges pursuant to Section 304, 506 or 1306 not involving any transfer. 
 The Company shall not be
required to execute or to provide for the registration of transfer of or the exchange of (a) Securities of any series, or any Tranche thereof, during a period of 15 days immediately preceding the date notice is to be given identifying the
serial numbers of the Securities of such series or Tranche called for redemption, (b) any Security during the 15 days before an Interest Payment Date or (c) any Security so selected for redemption in whole or in part, except the unredeemed
portion of any Security being redeemed in part. 
 SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities. 
 If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a
new Security of the same series and Tranche, and of like tenor and principal amount, bearing a number not contemporaneously outstanding. 
 If there shall be delivered to the Company and the Trustee (a) evidence to their satisfaction of the ownership of and the destruction, loss or theft of any Security and (b) such security or indemnity as may be reasonably required
by them to save each of them and any agent of any of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and the Trustee shall
authenticate and deliver, in lieu of any such destroyed, lost or stolen Security, a new Security of the same series and Tranche, and of like tenor and principal amount, bearing a number not contemporaneously outstanding. 
  

 36 

 Notwithstanding the foregoing, in case any such mutilated, destroyed, lost or stolen Security has become
or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the
issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the fees and
expenses of the Trustee) in connection therewith. 
 Every new Security of any series issued pursuant to this Section in lieu of any
destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone other than the Holder of such new
Security, and any such new Security shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of such series duly issued hereunder. 
 The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or
payment of mutilated, destroyed, lost or stolen Securities. 
 SECTION 307. Payment of Interest; Interest Rights Preserved. 
 Unless otherwise specified as contemplated by Section 301 with respect to the Securities of any series, or any Tranche thereof, interest on any
Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the
Regular Record Date for such interest. 
 Any interest on any Security of any series which is payable, but is not punctually paid or duly
provided for, on any Interest Payment Date (herein called “Defaulted Interest”) shall forthwith cease to be payable to the Holder on the related Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be
paid by the Company, at its election, as provided in clause (a) or (b) below: 
 (a) The Company may elect to make payment of any
Defaulted Interest to the Persons in whose names the Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a date (a “Special Record Date”) for the payment of such Defaulted
Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Security of such series and the date of the proposed payment, and at the same
time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of
the proposed payment, such money when deposited to be held in trust (and at the request of the Company, invested or reinvested in Government Obligations designated by the Company and maturing on or before the Special Record Date fixed by the
Trustee, any interest accruing on such Government Obligations to be promptly paid over to the Company as received free and clear of any Lien) for the benefit of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon
the Trustee shall fix a Special Record Date for 

  

 37 

 
the payment of such Defaulted Interest which shall be not more than 15 days and not less than 10 days prior to the date of the proposed payment and not less
than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company shall promptly cause notice of the
proposed payment of such Defaulted Interest and the Special Record Date therefor to be mailed, first-class postage prepaid, to each Holder of Securities of such series at the address of such Holder as it appears in the Security Register, not less
than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the Persons in whose names the Securities
of such series (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date. 
 (b) The
Company may make payment of any Defaulted Interest on the Securities of any series in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be
required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this Section and Section 305, each Security delivered under this Indenture upon registration of transfer of
or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 
 SECTION 308. Persons Deemed Owners. 
 Unless otherwise specified by Section 301 with respect to
Securities of any series, prior to due presentment of a Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Security is registered as the absolute owner
of such Security for the purpose of receiving payment of principal of and premium, if any, and (subject to Sections 305 and 307) interest, if any, on such Security and for all other purposes whatsoever, whether or not such Security be overdue,
and none of the Company, the Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 SECTION 309. Cancellation.

 All Securities surrendered for payment, redemption, registration of transfer or exchange or for credit against any sinking fund payment
shall, if surrendered to any Person other than the Security Registrar, be delivered to the Security Registrar and, if not theretofore canceled, shall be promptly canceled by the Security Registrar. The Company may at any time deliver to the Security
Registrar for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever or which the Company shall not have issued and sold, and all Securities so delivered shall be
promptly canceled by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly permitted by this Indenture. All canceled Securities held by the Trustee
shall be disposed of in accordance with the customary practices of the Trustee at the time in effect, and the Trustee shall not be required to destroy any such certificates. The Trustee shall promptly deliver a certificate of disposition to the
Company unless, by a Company Order, similarly delivered, the Company shall direct that canceled Securities be returned to it. The Trustee shall promptly deliver evidence of any cancellation of a Security in accordance with this Section to the
Company upon its request therefor. 
  

 38 

 SECTION 310. Computation of Interest. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, or Tranche thereof, interest on the
Securities of each series shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months, and with respect to any period less than a full month, on the basis of the actual
number of days elapsed during such period. For example, the interest for a period running from the 15th day of one month to the 15th day of the next month
would be calculated on the basis of one 30-day month. 
 SECTION 311. Payment to Be in Proper Currency. 
 In the case of any Security denominated in any currency other than Dollars or in a composite currency (the “Required Currency”), except as
otherwise specified with respect to such Security as contemplated by Section 301, the obligation of the Company to make any payment of the principal thereof, or the premium or interest thereon, shall not be discharged or satisfied by any tender
by the Company, or recovery by the Trustee, in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the Trustee timely holding the full amount of the Required Currency then due and payable.
If any such tender or recovery is in a currency other than the Required Currency, the Trustee may take such actions as it considers appropriate to exchange such currency for the Required Currency. The costs and risks of any such exchange, including
without limitation the risks of delay and exchange rate fluctuation, shall be borne by the Company, the Company shall remain fully liable for any shortfall or delinquency in the full amount of Required Currency then due and payable, and in no
circumstances shall the Trustee be liable therefor except in the case of its negligence or willful misconduct. 
 SECTION 312. Extension of Interest
Payment. 
 The Company shall have the right at any time, to extend interest payment periods on all the Securities of any series
hereunder, if so specified as contemplated by Section 301 with respect to such Securities and upon such terms as may be specified as contemplated by Section 301 with respect to such Securities. 
 SECTION 313. CUSIP Numbers. 
 The Company in issuing
the Securities may use CUSIP, ISIN or other similar numbers (if then generally in use), and, if so, the Company, the Trustee or the Security Registrar may use CUSIP, ISIN or such other numbers in notices or redemption as a convenience to Holders;
provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other
identification numbers printed on the Securities, in which case none of the Company or, as the case may be, the Trustee or the Security Registrar, or any agent of any of them, shall have any liability in respect of any CUSIP, ISIN or other number
used on any such notice, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee and Security Registrar of any change in the CUSIP, ISIN or other such number.

  

 39 

 ARTICLE FOUR 
 Security Agreement 
 SECTION 401. Security Agreement – Fixture Filing. 
 This Indenture shall constitute a security agreement and, if filed in the appropriate filing office, a “fixture filing” within the meaning of
the Uniform Commercial Code, as the same may be in effect from time to time in any State in which any portion of Collateral that constitutes personal property or fixtures may be located. The Company hereby grants to the Trustee a security interest
in and to such personal property and fixtures for the benefit of the Trustee to secure the Securities. 
 ARTICLE FIVE 
 Redemption of Securities 
 SECTION 501.
Applicability of Article. 
 Securities of any series, or any Tranche thereof, which are redeemable before their Stated Maturity shall be
redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for Securities of such series or Tranche) in accordance with this Article. 
 SECTION 502. Election to Redeem; Notice to Trustee. 
 The election of the Company to redeem any Securities shall be evidenced by a Board Resolution or an Officer’s Certificate. The Company shall, at least 40 days prior to the Redemption Date fixed by the Company (unless a shorter notice
shall be satisfactory to the Trustee), notify the Trustee in writing of such Redemption Date and of the principal amount of such Securities to be redeemed. In the case of any redemption of Securities (a) prior to the expiration of any
restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture or (b) pursuant to an election of the Company that is subject to a condition specified in the terms of such Securities, the Company shall
furnish the Trustee with an Officer’s Certificate evidencing compliance with such restriction or condition. 
 SECTION 503. Selection of Securities
to Be Redeemed. 
 If less than all the Securities of any series, or any Tranche thereof, are to be redeemed, the particular Securities to
be redeemed shall be selected by the Trustee from the Outstanding Securities of such series or Tranche not previously called for redemption, by such method as shall be provided for such particular series or Tranche, or in the absence of any such
provision, by such method of random selection as the Trustee shall deem fair and appropriate and which may, in any case, provide for the selection for redemption of portions (equal to any authorized denomination for Securities of such series or
Tranche) of the principal amount of Securities of such series or Tranche of a denomination larger than the minimum authorized denomination for Securities of such series or Tranche; provided, however, that if, as indicated in an Officer’s
Certificate, the Company shall have offered to purchase all or any principal amount of the Securities then Outstanding of any series, or any Tranche thereof, and less than all of such Securities as to which such offer was made shall have been
tendered to the Company for such purchase, the Trustee, if so directed by Company Order, shall select for redemption all or any principal amount of such Securities which have not been so tendered. 
  

 40 

 The Trustee shall promptly notify the Company and the Security Registrar in writing of the Securities
selected for redemption and, in the case of any Securities selected to be redeemed in part, the principal amount thereof to be redeemed. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the
principal amount of such Securities which has been or is to be redeemed. 
 SECTION 504. Notice of Redemption. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, notice of redemption shall be given in the manner provided
in Section 108 to the Holders of the Securities to be redeemed not less than 30 nor more than 60 days prior to the Redemption Date. 
 Except as otherwise specified as contemplated by Section 301 for Securities of any series, all notices of redemption shall state: 
 (a) the Redemption Date, 
 (b) the Redemption Price (if known), 
 (c) if less than all the Securities of any series or Tranche are to be redeemed, the identification of the particular Securities to be
redeemed and the portion of the principal amount of any Security to be redeemed in part, 
 (d) that on the Redemption Date,
the Redemption Price, together with accrued interest, if any, to the Redemption Date, will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date,

 (e) the place or places where such Securities are to be surrendered for payment of the Redemption Price and accrued
interest, if any, unless it shall have been specified as contemplated by Section 301 with respect to such Securities that such surrender shall not be required, 
 (f) that the redemption is for a sinking or other fund, if such is the case, 
 (g) the CUSIP, ISIN or other similar numbers, if any, assigned to such Securities; provided, however, that such notice may state that no
representation is made as to the correctness of CUSIP, ISIN or other similar numbers, in which case none of the Company, the Trustee or any agent of the Company or the Trustee shall have any liability in respect of the use of any CUSIP, ISIN or
other similar number or numbers on such notices, and the redemption of such Securities shall not be affected by any defect in or omission of such numbers, and 
 (h) such other matters as the Company shall deem desirable or appropriate. 
 Unless otherwise specified with respect to any Securities in accordance with Section 301, with respect to any notice of redemption of Securities at
the election of the Company, unless, upon the 

  

 41 

 
giving of such notice, such Securities shall be deemed to have been paid in accordance with Section 801, such notice may state that such redemption
shall be conditional upon the receipt by the Paying Agent or Agents for such Securities, on or prior to the date fixed for such redemption, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Securities and
that if such money shall not have been so received such notice shall be of no force or effect and the Company shall not be required to redeem such Securities. In the event that such notice of redemption contains such a condition and such money is
not so received, the redemption shall not be made and within a reasonable time thereafter notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to
be made, and the Paying Agent or Agents for the Securities otherwise to have been redeemed shall promptly return to the Holders thereof any of such Securities which had been surrendered for payment upon such redemption. 
 Notice of redemption of Securities to be redeemed at the election of the Company, and any notice of non-satisfaction of a condition for redemption as
aforesaid, shall be given by the Company or, at the Company’s request, by the Security Registrar in the name and at the expense of the Company. Notice of any mandatory redemption of Securities shall be given by the Security Registrar in the
name and at the expense of the Company. 
 SECTION 505. Securities Payable on Redemption Date. 
 Notice of redemption having been given as aforesaid, and the conditions, if any, set forth in such notice having been satisfied, the Securities or
portions thereof so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless, in the case of an unconditional notice of redemption, the Company shall default
in the payment of the Redemption Price and accrued interest, if any) such Securities or portions thereof, if interest-bearing, shall cease to bear interest. Upon surrender of any such Security for redemption in accordance with such notice, such
Security or portion thereof shall be paid by the Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that no such surrender shall be a condition to such payment if so specified as
contemplated by Section 301 with respect to such Security; and provided, further, that except as otherwise specified as contemplated by Section 301 with respect to such Security, any installment of interest on any Security the Stated
Maturity of which installment is on or prior to the Redemption Date shall be payable to the Holder of such Security, or one or more Predecessor Securities, registered as such at the close of business on the related Regular Record Date according to
the terms of such Security and subject to the provisions of Sections 305 and 307. 
 SECTION 506. Securities Redeemed in Part. 
 Upon the surrender of any Security which is to be redeemed only in part at a Place of Payment therefor (with, if the Company or the Trustee so requires,
due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), the Company shall execute, and the Trustee shall
authenticate and deliver to the Holder of such Security, without service charge, a new Security or Securities of the same series and Tranche, of any authorized denomination requested by such Holder and of like tenor and in aggregate principal amount
equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered. 
  

 42 

 ARTICLE SIX 
 Sinking Funds 
 SECTION 601. Applicability of Article. 
 The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of any series, or any Tranche thereof, except
as otherwise specified as contemplated by Section 301 for Securities of such series or Tranche. 
 The minimum amount of any sinking
fund payment provided for by the terms of Securities of any series, or any Tranche thereof, is herein referred to as a “mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of
Securities of any series, or any Tranche thereof, is herein referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of any series, or any Tranche thereof, the cash amount of any sinking fund payment
may be subject to reduction as provided in Section 602. Each sinking fund payment shall be applied to the redemption of Securities of the series or Tranche in respect of which it was made as provided for by the terms of such Securities.

 SECTION 602. Satisfaction of Sinking Fund Payments with Securities. 
 The Company (a) may deliver to the Trustee Outstanding Securities (other than any previously called for redemption) of a series or Tranche in respect of which a mandatory sinking fund payment is to be made and
(b) may apply as a credit Securities of such series or Tranche which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments
pursuant to the terms of such Securities, in each case in satisfaction of all or any part of such mandatory sinking fund payment with respect to the Securities of such series; provided, however, that no Securities shall be applied in satisfaction of
a mandatory sinking fund payment if such Securities shall have been previously so applied. Securities so applied shall be received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption
through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly. 
 SECTION 603. Redemption of
Securities for Sinking Fund. 
 Not less than 40 days prior to each sinking fund payment date for the Securities of any series, or any
Tranche thereof, the Company shall deliver to the Trustee an Officer’s Certificate specifying: 
 (a) the amount of the
next succeeding mandatory sinking fund payment for such series or Tranche; 
 (b) the amount, if any, of the optional sinking
fund payment to be made together with such mandatory sinking fund payment; 
 (c) the aggregate sinking fund payment; and

 (d) the portion, if any, of such aggregate sinking fund payment which is to be satisfied by the payment of cash;

  

 43 

 (e) the portion, if any, of such aggregate sinking fund payment which is to be satisfied
by delivering and crediting Securities of such series or Tranche pursuant to Section 602 and stating the basis for such credit and that such Securities have not previously been so credited, and the Company shall also deliver to the Trustee any
Securities to be so delivered. 
 If the Company shall not deliver such Officer’s Certificate and, to the extent applicable, all such
Securities, the next succeeding sinking fund payment for such series or Tranche shall be made entirely in cash in the amount of the mandatory sinking fund payment. Not less than 30 days before each such sinking fund payment date the Trustee shall
select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 503 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in
Section 504. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 505 and 506. 
 ARTICLE SEVEN 
 Representations and Covenants 
 SECTION 701. Payment of Securities; Lawful Possession. 
 (a) The Company shall pay the principal of and premium, if any, and interest, if any, on the Securities of each series in accordance with the terms of such Securities and this Indenture. 
 (b) At the Execution Date, the Company is lawfully possessed of the Collateral and has sufficient right and authority to mortgage and pledge the
Collateral, as provided in and by this Indenture. 
 SECTION 702. Maintenance of Office or Agency. 
 The Company shall maintain in each Place of Payment for the Securities of each series, or any Tranche thereof, an office or agency where payment of such
Securities shall be made, where the registration of transfer or exchange of such Securities may be effected and where notices and demands to or upon the Company in respect of such Securities and this Indenture may be served. The Company shall give
prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency and prompt notice to the Holders of any such change in the manner specified in Section 108. If at any time the Company shall
fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, then payment of such Securities shall be made, registration of transfer or exchange thereof may be effected and notices and demands in
respect of such Securities and this Indenture may be served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent for all such purposes in any such event. 
 The Company may also from time to time designate one or more other offices or agencies with respect to the Securities of one or more series, or any
Tranche thereof, for any or all of the foregoing purposes and may from time to time rescind such designations; provided, however, that, unless otherwise specified as contemplated by Section 301 with respect to the Securities of such series or
Tranche, no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or agency for such purposes in each Place of Payment for such Securities in accordance with the requirements set forth above.
The Company shall give prompt written notice to the Trustee, and prompt notice to the Holders in the manner specified in Section 108, of any such designation or rescission and of any change in the location of any such other office or agency.

  

 44 

 Anything herein to the contrary notwithstanding, any office or agency required by this Section may be
maintained at an office of the Company or an Affiliate of the Company, in which event the Company or such Affiliate shall perform all functions to be performed at such office or agency. 
 SECTION 703. Money for Securities Payments to Be Held in Trust. 
 If the Company shall at any time act
as its own Paying Agent with respect to the Securities of any series, or any Tranche thereof, it shall, on or before each due date of the principal of and premium, if any, and interest, if any, on any of such Securities, segregate and hold in trust
for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and premium or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided. The Company shall promptly
notify the Trustee of any failure by the Company (or any other obligor on such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities. 
 Whenever the Company shall have one or more Paying Agents for the Securities of any series, or any Tranche thereof, it shall, on or before each due date
of the principal of and premium, if any, and interest, if any, on such Securities, deposit with such Paying Agents sums sufficient (without duplication) to pay the principal and premium or interest so becoming due, such sums to be held in trust for
the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company shall promptly notify the Trustee of any failure by it so to act. 
 The Company shall cause each Paying Agent for the Securities of any series, or any Tranche thereof, other than the Company or the Trustee, to execute and
deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent shall: 
 (a) hold all sums held by it for the payment of the principal of and premium, if any, or interest, if any, on such Securities in trust for the benefit of the Persons entitled thereto until such sums shall be paid to
such Persons or otherwise disposed of as herein provided; 
 (b) give the Trustee notice of any failure by the Company (or any other obligor
upon such Securities) to make any payment of principal of or premium, if any, or interest, if any, on such Securities; and 
 (c) at any time
during the continuance of any such failure, upon the written request of the Trustee, forthwith pay to the Trustee all sums so held in trust by such Paying Agent and furnish to the Trustee such information as it possesses regarding the names and
addresses of the Persons entitled to such sums. 
 The Company may at any time pay, or by Company Order direct any Paying Agent to pay, to
the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or such Paying Agent and, if so stated in a Company Order
delivered to the Trustee, in accordance with the provisions of Article Seven; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
  

 45 

 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the
payment of the principal of and premium, if any, or interest, if any, on any Security and remaining unclaimed for two years after such principal and premium, if any, or interest, if any, has become due and payable shall to the extent permitted by
law be paid to the Company on Company Request, or, if then held by the Company, shall be discharged from such trust; and, upon such payment or discharge, the Holder of such Security shall, as an unsecured general creditor and not as the Holder of an
Outstanding Security, look only to the Company for payment of the amount so due and payable and remaining unpaid unless the applicable law provides otherwise, and all liability of the Trustee or such Paying Agent with respect to such trust money,
and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such payment to the Company, may at the expense of the Company cause to be
mailed, on one occasion only, notice to such Holder that such money remains unclaimed and that, after a date specified therein, which shall not be less than thirty (30) days from the date of such mailing, any unclaimed balance of such money
then remaining will be paid to the Company. 
 SECTION 704. Corporate Existence. 
 Subject to the rights of the Company under Article Twelve, the Company shall do or cause to be done all things necessary to preserve and keep in full
force and effect its legal existence as a corporation. 
 SECTION 705. Annual Officer’s Certificate as to Compliance. 
 Not later than April 30 in each year, commencing April 30, 2010, the Company shall deliver to the Trustee an Officer’s Certificate which
need not comply with the requirements of Section 104, executed by the principal executive officer, the principal financial officer or the principal accounting officer of the Company, as to such officer’s knowledge of the Company’s
compliance with all conditions and covenants under this Indenture, such compliance to be determined without regard to any period of grace or requirement of notice under this Indenture, and making any other statements as may be required by the
provisions of Section 314(a)(4) of the Trust Indenture Act. 
 SECTION 706. Recordation of Easement. 
 The Company shall promptly record the Easement (or any amendment thereto) at its own expense in the appropriate land records for each relevant county in
the State of Maryland and shall do such further acts as may be necessary to carry out the purposes and intent of the Easement, including using commercially reasonable efforts to ensure that any Underlying Lease or Underlying Easement (in each case,
as defined in the Easement) entered into by the Company after the date of the Easement shall permit the use and enjoyment of the rights granted to the Trustee under the Easement. 
 SECTION 707. Waiver of Certain Covenants. 
 The Company may omit in any particular instance to comply
with any term, provision or condition set forth in (a) Section 702 or any additional covenant or restriction specified with respect to the Securities of any series, or any Tranche thereof, as contemplated by Section 301, if before the
time for such compliance the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series and Tranches with respect to which compliance with Section 702 or such additional covenant or restriction is to be
omitted, considered as one class, shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition and (b) Section 704, 705 or Article Twelve if before the
time for such compliance the Holders of a majority in 

  

 46 

 
principal amount of Securities Outstanding under this Indenture shall, by Act of such Holders, either waive such compliance in such instance or generally
waive compliance with such term, provision or condition; but, in the case of (a) or (b), no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become
effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 ARTICLE EIGHT 
 Satisfaction and Discharge 
 SECTION 801. Satisfaction and Discharge of Securities. 
 Any Security or Securities, or any portion of the principal amount thereof, shall be deemed to have been paid and no longer Outstanding for all purposes of this Indenture, and the entire indebtedness of the Company in respect thereof shall
be deemed to have been satisfied and discharged, if there shall have been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust: 
 (a) money in an amount which shall be sufficient, or 
 (b) in the case of a deposit made prior to the Maturity of such Securities or portions thereof, Eligible Obligations, which shall not
contain provisions permitting the redemption or other prepayment thereof at the option of the issuer thereof, the principal of and the interest on which when due, without any regard to reinvestment thereof, will provide moneys which, together with
the money, if any, deposited with or held by the Trustee or such Paying Agent, shall be sufficient, or 
 (c) a combination of
(a) or (b) which shall be sufficient, 
 to pay when due the principal of and premium, if any, and interest, if any, due and to become due on such
Securities or portions thereof on or prior to Maturity; provided, however, that in the case of the provision for payment or redemption of less than all the Securities of any series or Tranche, such Securities or portions thereof shall have been
selected by the Trustee as provided herein and, in the case of a redemption, the notice requisite to the validity of such redemption shall have been given or irrevocable authority shall have been given by the Company to the Trustee to give such
notice, under arrangements satisfactory to the Trustee; and provided, further, that the Company shall have delivered to the Trustee and such Paying Agent: 
 (x) if such deposit shall have been made prior to the Maturity of such Securities, a Company Order stating that the money and Eligible Obligations deposited in accordance with this Section shall be held in trust, as
provided in Section 803; 
 (y) an Officer’s Certificate and Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the deemed payment and, if the Officer’s Certificate described in clause (z) below shall have been delivered, satisfaction and discharge of such Securities have been complied with; and 

(z) if the Company intends such deposit to satisfy and discharge its indebtedness in respect of such Securities or portions thereof
prior to the Maturity of such 

  

 47 

 
Securities or portion thereof, an Officer’s Certificate stating the Company’s intention that, upon delivery of such Officer’s Certificate, its
indebtedness in respect of such Securities or portions thereof will have been satisfied and discharged as contemplated in this Section. 
 Upon the deposit of money or Eligible Obligations, or both, in accordance with this Section, together with the documents required by clauses (x), (y) and (z) above, the Trustee shall, upon receipt of a Company Request, acknowledge
in writing that the Security or Securities or portions thereof with respect to which such deposit was made are deemed to have been paid for all purposes of this Indenture and that the entire indebtedness of the Company in respect thereof has been
satisfied and discharged as contemplated in this Section. In the event that all of the conditions set forth in the preceding paragraph shall have been satisfied in respect of any Securities or portions thereof except that, for any reason, the
Officer’s Certificate specified in clause (z) shall not have been delivered, such Securities or portions thereof shall nevertheless be deemed to have been paid for all purposes of this Indenture, and the Holders of such Securities or
portions thereof shall nevertheless be no longer entitled to the benefits provided by this Indenture, the Lien of this Indenture, or any of the covenants of the Company under Article Seven (except the covenants contained in Sections 702 and
703) or any other covenants made in respect of such Securities or portions thereof as contemplated by Section 301 or Section 1301(b), but the indebtedness of the Company in respect of such Securities or portions thereof shall not be deemed
to have been satisfied and discharged prior to Maturity for any other purpose and the Holders of such Securities or portions thereof shall continue to be entitled to look to the Company for payment of the indebtedness represented thereby; and, upon
Company Request, the Trustee shall acknowledge in writing that such Securities or portions thereof are deemed to have been paid for all purposes of this Indenture. 
 If payment at Stated Maturity of less than all of the Securities of any series, or any Tranche thereof, is to be provided for in the manner and with the effect provided in this Section, the Trustee shall select such
Securities, or portions of principal amount thereof, in the manner specified by Section 503 for selection for redemption of less than all the Securities of a series or Tranche. 
 In the event that Securities which shall be deemed to have been paid for purposes of this Indenture, and, if such is the case, in respect of which the
Company’s indebtedness shall have been satisfied and discharged, all as provided in this Section, do not mature and are not to be redeemed within the sixty (60) day period commencing with the date of the deposit of moneys or Eligible
Obligations, as aforesaid, the Company shall, as promptly as practicable, give a notice, in the same manner as a notice of redemption with respect to such Securities, to the Holders of such Securities to the effect that such deposit has been made
and the effect thereof. 
 Notwithstanding that any Securities shall be deemed to have been paid for purposes of this Indenture, as
aforesaid, the obligations of the Company and the Trustee in respect of such Securities under Sections 304, 305, 306, 504, 702, 703, 1007 and 1015 and this Article shall survive such satisfaction and discharge. 
 The Company shall pay, and shall indemnify the Trustee or any Paying Agent with which Eligible Obligations shall have been deposited as provided in this
Section against, any tax, fee or other charge imposed on or assessed against such Eligible Obligations or the principal or interest received in respect of such Eligible Obligations, including, but not limited to, any such tax payable by any entity
deemed, for tax purposes, to have been created as a result of such deposit. 
  

 48 

 Anything herein to the contrary notwithstanding, (a) if, at any time after a Security would be
deemed to have been paid for purposes of this Indenture, and, if such is the case, the Company’s indebtedness in respect thereof would be deemed to have been satisfied and discharged, pursuant to this Section (without regard to the provisions
of this paragraph), the Trustee or any Paying Agent, as the case may be, (i) shall be required to return the money or Eligible Obligations, or combination thereof, deposited with it as aforesaid to the Company or its representative under any
applicable Federal or State bankruptcy, insolvency or other similar law, or (ii) is unable to apply any money in accordance with this Article with respect to any Securities by reason of any order or judgment of any court or Governmental
Authority enjoining, restraining or otherwise prohibiting such application, such Security shall thereupon be deemed retroactively not to have been paid and any satisfaction and discharge of the Company’s indebtedness in respect thereof shall
retroactively be deemed not to have been effected, and such Security shall be deemed to remain Outstanding and (b) any satisfaction and discharge of the Company’s indebtedness in respect of any Security shall be subject to the provisions
of the last paragraph of Section 703. 
 SECTION 802. Satisfaction and Discharge of Indenture. 
 This Indenture shall upon Company Request cease to be of further effect (except as hereinafter expressly provided), and the Trustee, at the expense of the
Company, shall execute such instruments as the Company shall reasonably provide and request to evidence and acknowledge the satisfaction and discharge of this Indenture, when: 
 (a) no Securities remain Outstanding hereunder; and 
 (b) the Company has paid or caused to be paid, or made provision acceptable to the Trustee for payment of, all other sums payable
hereunder by the Company; 
 provided, however, that if, in accordance with the last paragraph of Section 801, any Security, previously deemed to have
been paid for purposes of this Indenture, shall be deemed retroactively not to have been so paid, this Indenture shall thereupon be deemed retroactively not to have been satisfied and discharged, as aforesaid, and to remain in full force and effect,
and the Company shall execute and deliver such instruments as the Trustee shall reasonably request to evidence and acknowledge the same. 
 Notwithstanding the satisfaction and discharge of this Indenture as aforesaid, the obligations of the Company and the Trustee under Sections 304, 305, 306, 504, 702, 703, 1007 and 1015 and this Article shall survive such satisfaction
and discharge. 
 Upon satisfaction and discharge of this Indenture as provided in this Section, the Trustee shall assign, transfer and turn
over to the Company, subject to the lien provided by Section 1007, any and all money, securities and other property then held by the Trustee for the benefit of the Holders of the Securities (other than money and Eligible Obligations held by the
Trustee pursuant to Section 803) and shall execute and deliver to the Company such instruments as, in the judgment of the Company, shall be necessary, desirable or appropriate to effect or evidence the satisfaction and discharge of this
Indenture. 
 SECTION 803. Application of Trust Money. 
 Neither the Eligible Obligations nor the money deposited pursuant to Section 801, nor the principal or interest payments on any such Eligible Obligations, shall be withdrawn or used for any purpose other than,
and shall be held in trust for, the payment of the principal of and premium, if any, and interest, if any, on the Securities or portions of principal amount thereof in respect of which such deposit 

  

 49 

 
was made, all subject, however, to the provisions of Section 703; provided, however, that so long as there shall not have occurred and be continuing an
Event of Default, any cash received from such principal or interest payments on such Eligible Obligations, if not then needed for such purpose, shall, to the extent practicable and upon Company Request and delivery to the Trustee of the documents
referred to in clause (y) in the first paragraph of Section 801, be invested in Eligible Obligations of the type described in clause (b) in the first paragraph of Section 801 maturing at such times and in such amounts as shall be
sufficient, together with any other moneys and the proceeds of any other Eligible Obligations then held by the Trustee, to pay when due the principal of and premium, if any, and interest, if any, due and to become due on such Securities or portions
thereof on and prior to the Maturity thereof, and interest earned from such reinvestment shall be paid over to the Company as received, free and clear of any trust, lien or pledge under this Indenture (except the lien provided by Section 1007);
and provided, further, that, so long as there shall not have occurred and be continuing an Event of Default, any moneys held in accordance with this Section on the Maturity of all such Securities in excess of the amount required to pay the principal
of and premium, if any, and interest, if any, then due on such Securities shall be paid over to the Company free and clear of any trust, lien or pledge under this Indenture (except the lien provided by Section 1007); and provided, further, that
if an Event of Default shall have occurred and be continuing, moneys to be paid over to the Company pursuant to this Section shall be held until such Event of Default shall have been waived or cured. 
 At any time before or after depositing any money or Eligible Obligations with the Trustee under this Article, the Company may by written notice to the
Trustee irrevocably waive any or all of its rights (1) to any residual interest in such money or Eligible Obligations, including any interest earned or excess amounts, (2) to instruct the Trustee to sell or purchase Eligible Obligations or
otherwise invest money or proceeds held in trust pursuant to this section, (3) to provide investment advice to the Trustee with respect to such money or Eligible Obligations, (4) to provide to the Trustee instructions or advice of counsel
for the Company as to matters arising in connection with the Trustee’s servicing of the trust established pursuant to this section with respect to such money or Eligible Obligations, or (5) to any involvement with such money, Eligible
Obligations or the trust established pursuant to this section. 
 ARTICLE NINE 
 Events of Default; Remedies 
 SECTION 901. Events of Default. 
 “Event of Default”, wherever used herein with respect to Securities, means any one of the following events: 
 (a) failure to pay any interest on any Security when it becomes due and payable and continuance of such default for a period of 30 days;
provided, however, that no such default shall constitute an “Event of Default” if the Company has made a valid extension of the interest payment period with respect to the Securities of such series, of which such Security is a part, if so
provided as contemplated by Section 301; or 
 (b) failure to pay the principal of or premium, if any, on any Security
when it becomes due and payable; provided, however, that no such default shall constitute an “Event of Default” if the Company has made a valid extension of the Maturity of the Securities of the series, of which such Security is a part, if
so provided as contemplated by Section 301; or 
  

 50 

 (c) failure to perform or breach of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty a default in the performance of which or breach of which is elsewhere in this Section specifically addressed) and continuance of such default or breach for a period of 90 days after there has been given,
by registered or certified mail, to the Company by the Trustee, or to the Company and the Trustee by the Holders of at least 33% in aggregate principal amount of the Outstanding Securities, a written notice specifying such default or breach and
requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder, unless the Trustee, or the Trustee and the Holders of a principal amount of Securities not less than the principal amount of Securities the
Holders of which gave such notice, as the case may be, shall agree in writing to an extension of such period prior to its expiration; provided, however, that the Trustee, or the Trustee and the Holders of such principal amount of Securities, as the
case may be, shall be deemed to have agreed to an extension of such period if corrective action is initiated by the Company within such period and is being diligently pursued; or 
 (d) the entry by a court having jurisdiction in the premises of (1) a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (2) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition
by one or more Persons other than the Company seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State bankruptcy, insolvency or similar law, or appointing a custodian,
receiver, liquidator, assignee, trustee, sequestrator or other similar official for the Company or for any substantial part of its property, or ordering the winding up or liquidation of its affairs, and any such decree or order for relief or any
such other decree or order shall have remained unstayed and in effect for a period of 90 consecutive days; 
 (e) the
commencement by the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the
consent by the Company to the entry of a decree or order for relief in respect of the Company in a case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any
bankruptcy or insolvency case or proceeding against the Company, or the filing by the Company of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State bankruptcy, insolvency, reorganization or similar
law, or the consent by the Company to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of
its property, or the making by the Company of an assignment for the benefit of creditors, or the admission by the Company in writing of its inability to pay its debts generally as they become due, or the authorization of such action by the Board of
Directors of the Company; or 
 (f) any other Event of Default with respect to Securities of such series as shall have been
specified in the terms thereof as contemplated by Section 301(o). 
  

 51 

 SECTION 902. Acceleration of Maturity; Rescission and Annulment. 
 If an Event of Default shall have occurred and be continuing, then in every such case the Trustee or the Holders of not less than 33% in principal amount
of the Outstanding Securities may declare the principal amount (or, if any of the Securities of such series are Discount Securities, such portion of the principal amount of such Securities as may be specified in the terms thereof as contemplated by
Section 301) of all of the Securities to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and, upon receipt by the Company of notice of such declaration, such principal amount (or
specified amount) together with premium, if any, and accrued and unpaid interest thereon shall become immediately due and payable. 
 At any
time after such a declaration of acceleration of the maturity of the Securities then Outstanding shall have been made, but before any sale of any of the Collateral has been made and before a judgment or decree for payment of the money due shall have
been obtained by the Trustee as provided in this Article, the Event or Events of Default giving rise to such declaration of acceleration shall, without further act, be deemed to have been cured, and such declaration and its consequences shall,
without further act, be deemed to have been rescinded and annulled, if 
 (a) the Company shall have paid or deposited with the Trustee a sum
sufficient to pay 
 (i) all overdue interest, if any, on all Securities then Outstanding; 
 (ii) the principal of and premium, if any, on any Securities then Outstanding which have become due otherwise than by such declaration of
acceleration and interest thereon at the rate or rates prescribed therefor in such Securities; 
 (iii) to the extent that
payment of such interest is lawful, interest upon overdue interest at the rate or rates prescribed therefor in such Securities; 
 (iv) all amounts due to the Trustee under Section 1007; 
 and 
 (b) all Events of Default, other than the non-payment of the principal of Securities of such series which shall have become due solely by such
declaration of acceleration, shall have been cured or waived as provided in Section 913. 
 No such rescission shall affect any subsequent Event of
Default or impair any right consequent thereon. 
 SECTION 903. Collection of Indebtedness and Suits for Enforcement by Trustee. 
 If an Event of Default described in clause (a) or (b) of Section 901 shall have occurred and be continuing, the Company shall, upon demand
of the Trustee, pay to it, for the benefit of the Holders of the Securities with respect to which such Event of Default shall have occurred, the whole amount then due and payable on such Securities for principal and premium, if any, and interest, if
any, and, to the extent permitted by law, interest on premium, if any, and on any overdue principal and interest, at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to
cover any amounts due to the Trustee under Section 1007. 
  

 52 

 If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name
and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor
upon such Securities and collect the moneys adjudged or decreed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated. 
 If an Event of Default shall have occurred and be continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights
of the Holders of Securities by such appropriate judicial proceedings as the Trustee shall deem necessary to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the
exercise of any power granted herein, or to enforce any other proper remedy. 
 The Trustee may transfer the Easement, or interests therein,
on a non-exclusive basis, to the purchasers of any Collateral in a foreclosure or bankruptcy sale as the Trustee shall deem appropriate to protect and enforce the rights of the Holders of Securities. 
 SECTION 904. Trustee May File Proofs of Claim. 
 In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the
Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall
have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise, 
 (a) to file and prove a claim for the whole amount of principal, premium, if any, and interest, if any, owing and unpaid in respect of the
Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for amounts due to the Trustee under Section 1007) and of the Holders allowed in such
judicial proceeding, and 
 (b) to collect and receive any moneys or other property payable or deliverable on any such claims
and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amounts due it under
Section 1007. 
 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on
behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding.

 SECTION 905. Trustee May Enforce Claims Without Possession of Securities. 
 All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee, without the possession of any of the
Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust. 
  

 53 

 SECTION 906. Application of Money Collected. 
 Any money or other property collected or received by the Trustee pursuant to this Article, or otherwise distributable in respect of the Company’s
obligations under this Indenture, shall be applied in the following order, to the extent permitted by law, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or premium, if any, or
interest, if any, upon presentation of the Securities in respect of which or for the benefit of which such money shall have been collected and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 First: To the payment of all amounts due the Trustee (including any predecessor trustee) under Section 1007; 
 Second: To the payment of the amounts then due and unpaid upon the Securities for principal of and premium, if any, and interest,
if any, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for principal, premium, if any, and interest, if
any, respectively; and 
 Third: To the payment of the remainder, if any, to the Company or as a court of competent
jurisdiction may direct. 
 SECTION 907. Limitation on Suits. 
 No Holder shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless:

 (a) such Holder shall have previously given written notice to the Trustee of a continuing Event of Default; 
 (b) the Holders of a majority in aggregate principal amount of the Outstanding Securities shall have made written request to the Trustee
to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (c) such Holder or
Holders shall have offered to the Trustee indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity shall have failed to institute any such
proceeding; and 
 (e) no direction inconsistent with such written request shall have been given to the Trustee during such
60-day period by the Holders of a majority in aggregate principal amount of the Outstanding Securities; 
  

 54 

 it being understood and intended that no one or more of the Holders of any Securities shall have any right in any manner
whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders or to obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under
this Indenture, except in the manner herein provided and for the equal and ratable benefit of all Holders. 
 SECTION 908. Unconditional Right of Holders
to Receive Principal, Premium and Interest. 
 Notwithstanding any other provision in this Indenture, the Holder of any Security shall
have the right, which is absolute and unconditional, to receive payment of the principal of and premium, if any, and (subject to Section 307) interest, if any, on such Security on the Stated Maturity or Maturities expressed in such Security
(or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 
 SECTION 909. Restoration of Rights and Remedies. 
 If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding shall have been discontinued or abandoned for any reason, or shall have been determined adversely to the Trustee or to
such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and such Holder shall be restored severally and respectively to their former positions hereunder and thereafter all rights and
remedies of the Trustee and such Holder shall continue as though no such proceeding had been instituted. 
 SECTION 910. Rights and Remedies Cumulative.

 Except as otherwise provided in the last paragraph of Section 306, no right or remedy herein conferred upon or reserved to the
Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
 SECTION 911. Delay or Omission Not Waiver. 
 No delay
or omission of the Trustee or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and
remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 SECTION 912. Control by Holders of Securities. 
 If an
Event of Default shall have occurred and be continuing, the Holders of a majority in principal amount of the Outstanding Securities shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to
the Trustee, or exercising any trust or power conferred on the Trustee, with respect to such Securities; provided, however, that 
 (a) such direction shall not be in conflict with any rule of law or with this Indenture or the Easement, and could not involve the Trustee in personal liability in circumstances where indemnity would not, in the Trustee’s sole
discretion, be adequate, and 
  

 55 

 (b) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction. 
 SECTION 913. Waiver of Past Defaults. 
 The Holders of not less than a majority in principal amount of the Outstanding Securities may on behalf of the Holders of all the Securities waive any
past default hereunder and its consequences, except a default 
 (a) in the payment of the principal of or premium, if any, or
interest, if any, on any Outstanding Security, or 
 (b) in respect of a covenant or provision hereof which under
Section 1302 cannot be modified or amended without the consent of the Holder of each Outstanding Security of any series or Tranche affected. 
 Upon any such waiver, such default shall cease to exist, and any and all Events of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other
default or impair any right consequent thereon. 
 SECTION 914. Undertaking for Costs. 
 The Company and the Trustee agree, and each Holder by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require,
in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the
costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made
by such party litigant but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10%
in aggregate principal amount of the Securities then Outstanding, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or premium, if any, or interest, if any, on any Security on or after the Stated Maturity
or Maturities expressed in such Security (or in the case of redemption, on or after the Redemption Date). 
 SECTION 915. Waiver of Usury, Stay or
Extension Laws. 
 The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or
in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to
the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the
execution of every such power as though no such law had been enacted. 
  

 56 

 SECTION 916. Receiver and Other Remedies. 
 If an Event of Default shall have occurred and, during the continuance thereof, the Trustee shall have commenced judicial proceedings to enforce any right
under this Indenture, the Trustee shall, to the extent permitted by law and the terms and conditions of any Permitted Liens and the related contracts evidencing or governing such Liens and subject to the requirements of any thereof, be entitled, as
against the Company, to the appointment of a receiver of the Collateral and to the exercise of all other remedies available to mortgagees and secured parties under the Uniform Commercial Code or any other applicable law. 
 ARTICLE TEN 
 The Trustee

 SECTION 1001. Certain Duties and Responsibilities. 
 (a) The Trustee shall have and be subject to all the duties and responsibilities specified with respect to an indenture trustee in the Trust Indenture Act and no implied covenants or obligations shall be read into
this Indenture against the Trustee. For purposes of Sections 315(a) and 315(c) of the Trust Indenture Act, the term “default” is hereby defined as an Event of Default which has occurred and is continuing. 
 (b) In case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture,
and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 
 (c) No provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct except that (1) this
Section 1001(c) shall not be construed to limit the effect of Section 1001(a); (2) the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was
negligent in ascertaining the pertinent facts; and (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in aggregate
principal amount of the Outstanding Securities, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with
respect to the Securities; and (4) no provision of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any
of its rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d) Notwithstanding anything contained in this Indenture to the contrary, the duties and responsibilities of the Trustee under this Indenture shall be
subject to the protections, exculpations and limitations on liability afforded to an indenture trustee under the provisions of the Trust Indenture Act. For the purposes of Sections 315(b) and 315(d)(2) of the Trust Indenture Act, the term
“responsible officer” is defined as a Responsible Officer (as herein defined). 
 (e) Whether or not therein expressly so provided,
every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
  

 57 

 SECTION 1002. Notice of Defaults. 
 The Trustee shall give notice of any default hereunder known to the Trustee in the manner and to the extent required to do so by the Trust Indenture Act, unless such default shall have been cured or waived; provided,
however, that in the case of any default of the character specified in Section 901(c), no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default”
means any event which is, or after notice or lapse of time, or both, would become, an Event of Default. 
 SECTION 1003. Certain Rights of Trustee. 

 Subject to the provisions of Section 1001 and to the applicable provisions of the Trust Indenture Act: 
 (a) the Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or
parties; 
 (b) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or Company
Order, or as otherwise expressly provided herein, and any resolution of the Board of Directors may be sufficiently evidenced by a Board Resolution; 
 (c) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) may, in the absence of bad faith on its part, conclusively rely upon an Officer’s Certificate; 
 (d) the
Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and
in reliance thereon; 
 (e) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture
at the request or direction of any Holder pursuant to this Indenture, unless such Holder shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction; 
 (f) the Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall (subject to applicable legal requirements) be entitled to examine, during
normal business hours, the books, records and premises of the Company, personally or by agent or attorney; 
 (g) the Trustee may execute any
of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due
care by it hereunder; 
  

 58 

 (h) the Trustee shall not be charged with knowledge of any default (as defined in Section 1002) or
Event of Default (other than an interest or principal payment default) unless either (1) a Responsible Officer of the Trustee shall have actual knowledge of such default or Event of Default or (2) written notice of such default or Event of
Default shall have been given to the Trustee by the Company or any other obligor on such Securities, or by any Holder of such Securities; 
 (i) the rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities
hereunder, as well as to the Trustee’s employees, agents, officers and directors; 
 (j) the Trustee shall not be liable for any action
taken, suffered or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. The Trustee shall have no liability in connection with events
beyond its control such as power failure, failure of telecommunication systems, acts of war or terrorism, Acts of God, or extreme weather; 
 (k) in no event shall the Trustee be responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, without limitation, loss of profit) irrespective of whether the Trustee has been advised of
the likelihood of such loss or damage and regardless of the form of action, unless such loss or damage results from the Trustee’s gross negligence, willful misconduct, or bad faith; and 
 (l) the Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of officers authorized at such
time to take specified action pursuant to this Indenture. 
 SECTION 1004. Not Responsible for Recitals or Issuance of Securities. 
 The recitals contained herein and in the Securities (except the Trustee’s certificates of authentication) shall be taken as the statements of the
Company, and neither the Trustee nor any Authenticating Agent assumes responsibility for their correctness. The Trustee makes no representations as to the value or condition of the Collateral, the title of the Company to the Collateral, the security
afforded by the Lien of this Indenture, the validity or genuineness of any securities deposited with the Trustee hereunder, or the validity or sufficiency of this Indenture or of the Securities. Neither the Trustee nor any Authenticating Agent shall
be accountable for the use or application by the Company of Securities or the proceeds thereof or any money paid to the Company hereunder. 
 SECTION
1005. May Hold Securities. 
 Each of the Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent
of the Company, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Sections 1008 and 1013, may otherwise deal with the Company with the same rights it would have if it were not the Trustee,
Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 SECTION 1006. Money Held in Trust. 
 Money held by the Trustee in trust hereunder need not be segregated from other funds, except to the extent required by law. The Trustee shall be under no
liability for interest on or investment of any money received by it hereunder except as expressly provided herein or otherwise agreed with, and for the sole benefit of, the Company. 
  

 59 

 SECTION 1007. Compensation and Reimbursement. 
 The Company shall 
 (a) pay to
the Trustee from time to time reasonable compensation for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 
 (b) except as otherwise expressly provided herein, reimburse the Trustee upon its request for all reasonable expenses, disbursements and
advances reasonably incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except to the extent that any such expense,
disbursement or advance shall be determined to have been caused by the Trustee’s own negligence, willful misconduct or bad faith; and 
 (c) indemnify the Trustee (which, for purposes of this subsection, shall include its directors, officers and employees) for, and hold it harmless from and against, any loss, damage, claims, liability or expense,
including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) and any of the foregoing arising pursuant to, or as a result of, any environmental law, rule or regulation, arising out of or in connection with
the acceptance or administration of the trust or trusts hereunder or the performance of its duties hereunder, including the reasonable costs and expenses of defending itself against any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section, except to the extent that any such loss, liability or expense shall be determined to have been caused by its own negligence,
willful misconduct or bad faith. 
 As security for the performance of the obligations of the Company under this Section, the Trustee shall
have a lien prior to the Securities upon the Collateral and all property and funds held or collected by the Trustee as such, other than property and funds held in trust under Section 803 (except moneys payable to the Company as provided in
Section 803). 
 In addition and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture,
when the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 901(d) or Section 901(e), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for
the services are intended to constitute expenses of administration under any applicable Federal and State bankruptcy, insolvency or other similar law. 
 The Company’s obligations under this Section and the Lien referred to in this Section shall survive the resignation or removal of the Trustee, the discharge of the Company’s obligations under Article Eight
of this Indenture and/or the termination of this Indenture. 
  

 60 

 “Trustee” for purposes of this Section shall include any predecessor
Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 
 SECTION 1008. Disqualification; Conflicting Interests. 
 If the Trustee shall have or acquire any
conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such conflicting interest or resign to the extent, in the manner and with the effect, and subject to the conditions, provided in the Trust Indenture Act
and this Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to the extent permitted thereby, the Trustee, in its capacity as trustee in respect of the Securities of any series, shall not be deemed to have a conflicting
interest arising from its capacity as trustee in respect of the Securities of any other series issued under this Indenture. Nothing herein shall prevent the Trustee from filing with the Commission the application referred to in the second to last
paragraph of Section 310(b) of the Trust Indenture Act. 
 SECTION 1009. Corporate Trustee Required; Eligibility. 
 There shall at all times be a Trustee hereunder which shall be a corporation having its principal office and place of business in The City of New York,
organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000
and subject to supervision or examination by Federal, State or District of Columbia authority and qualified and eligible under this Article and the Trust Indenture Act. If such corporation publishes reports of condition at least annually, pursuant
to law or to the requirements of such supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most
recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section and the Trust Indenture Act, it shall resign immediately in the manner and with the effect hereinafter
specified in this Article. 
 SECTION 1010. Resignation and Removal; Appointment of Successor. 
 (a) No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the
acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 1011. 
 (b) The Trustee
may resign at any time by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 1011 shall not have been delivered to the resigning or removed Trustee within 30 days after the
giving of such notice of resignation, the resigning or removed Trustee may petition, at the Company’s expense, any court of competent jurisdiction for the appointment of a successor Trustee. 
 (c) The Trustee may be removed at any time by Act of the Holders of a majority in principal amount of the Outstanding Securities delivered to the Trustee
and the Company. 
 (d) If at any time: 
 (i) the Trustee shall fail to comply with Section 1008 after written request therefor by the Company or by any Holder who has been a bona fide Holder for at least six months, or 
  

 61 

 (ii) the Trustee shall cease to be eligible under Section 1009 or
Section 310(a) of the Trust Indenture Act and shall fail to resign after written request therefor by the Company or by any such Holder, or 
 (iii) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the Trustee or of its property shall be appointed or any public officer shall take charge or control of
the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (x) the Company by
Board Resolutions may remove the Trustee with respect to all Securities or (y) subject to Section 914, any Holder who has been a bona fide Holder for at least six months may, on behalf of himself and all others similarly situated, petition
any court of competent jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 
 (e) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause (other than as contemplated by clause (y) in subsection (d) or
this Section), the Company, by Board Resolutions, shall promptly appoint a successor Trustee or Trustees and shall comply with the applicable requirements of Section 1011. If, within one year after such resignation, removal or incapability, or
the occurrence of such vacancy, a successor Trustee shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall,
forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 1011, become the successor Trustee and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee
shall have been so appointed by the Company or the Holders and accepted appointment in the manner required by Section 1011, the Trustee or any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on
behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee. 
 (f) So long as no event which is, or after notice or lapse of time, or both, would become, an Event of Default shall have occurred and be continuing, and except with respect to a Trustee appointed by Act of the Holders of a majority in
principal amount of the Outstanding Securities pursuant to subsection (e) of this Section, if the Company shall have delivered to the Trustee (i) Board Resolutions appointing a successor Trustee, effective as of a date specified therein,
and (ii) an instrument of acceptance of such appointment, effective as of such date, by such successor Trustee in accordance with Section 1011, the Trustee shall be deemed to have resigned as contemplated in subsection (b) of this
Section, the successor Trustee shall be deemed to have been appointed by the Company pursuant to subsection (e) of this Section and such appointment shall be deemed to have been accepted as contemplated in Section 1011, all as of such
date, and all other provisions of this Section and Section 1011 shall be applicable to such resignation, appointment and acceptance except to the extent inconsistent with this subsection (f). 
 (g) The Company shall give notice of each resignation and each removal of the Trustee and each appointment of a successor Trustee to all Holders of
Securities in the manner provided in Section 108. Each notice shall include the name of the successor Trustee and the address of its Corporate Trust Office. 
  

 62 

 SECTION 1011. Acceptance of Appointment by Successor. 
 (a) In case of the appointment hereunder of a successor Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall
become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee, such retiring Trustee shall, upon payment of all sums owed to it, execute and deliver an instrument
transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder, subject
nevertheless to its Lien provided for in Section 1007. 
 (b) Upon request of any such successor Trustee, the Company shall execute any
instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in subsection (a) of this Section. 
 (c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and eligible under
this Article. 
 SECTION 1012. Merger, Conversion, Consolidation or Succession to Business. 
 Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger,
conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation
shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the
Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself
authenticated such Securities. 
 SECTION 1013. Preferential Collection of Claims Against Company. 
 If the Trustee shall be or become a creditor of the Company or any other obligor upon the Securities (other than by reason of a relationship described in
Section 311(b) of the Trust Indenture Act), the Trustee shall be subject to any and all applicable provisions of the Trust Indenture Act regarding the collection of claims against the Company or such other obligor. For purposes of
Section 311(b) of the Trust Indenture Act (a) the term “cash transaction” shall have the meaning provided in Rule 11b-4 under the Trust Indenture Act, and (b) the term “self-liquidating paper” shall have the
meaning provided in Rule 11b-6 under the Trust Indenture Act. 
 SECTION 1014. Co-trustee and Separate Trustees. 
 At any time or times, for the purpose of meeting the legal requirements of any applicable jurisdiction, the Company and the Trustee shall have power to
appoint, and, upon the written request of the Trustee or of the Holders of at least 33% in principal amount of the Securities then Outstanding, the Company shall for such purpose join with the Trustee in the execution and delivery of all instruments
and agreements necessary or proper to appoint, one or more Persons approved by the Trustee either to act as co-trustee, jointly with the Trustee, or to act as separate trustee, in either case with such powers as may be 

  

 63 

 
provided in the instrument of appointment, and to vest in such Person or Persons, in the capacity aforesaid, any property, title, right or power deemed
necessary or desirable, subject to the other provisions of this Section. If the Company does not join in such appointment within 15 days after the receipt by it of a request so to do, or if an Event of Default shall have occurred and be continuing,
the Trustee alone shall have power to make such appointment. 
 Should any written instrument or instruments from the Company be required by
any co-trustee or separate trustee to more fully confirm to such co-trustee or separate trustee such property, title, right or power, any and all such instruments shall, on request, be executed, acknowledged and delivered by the Company. 

Every co-trustee or separate trustee shall, to the extent permitted by law, but to such extent only, be appointed subject to the following conditions:

 (a) the Securities shall be authenticated and delivered, and all rights, powers, duties and obligations hereunder in
respect of the custody of securities, cash and other personal property held by, or required to be deposited or pledged with, the Trustee hereunder, shall be exercised solely, by the Trustee; 
 (b) the rights, powers, duties and obligations hereby conferred or imposed upon the Trustee in respect of any property covered by such
appointment shall be conferred or imposed upon and exercised or performed either by the Trustee or by the Trustee and such co-trustee or separate trustee jointly, as shall be provided in the instrument appointing such co-trustee or separate trustee,
except to the extent that under any law of any jurisdiction in which any particular act is to be performed, the Trustee shall be incompetent or unqualified to perform such act, in which event such rights, powers, duties and obligations shall be
exercised and performed by such co-trustee or separate trustee. 
 (c) the Trustee at any time, by an instrument in writing
executed by it, with the concurrence of the Company, may accept the resignation of or remove any co-trustee or separate trustee appointed under this Section, and, if an Event of Default shall have occurred and be continuing, the Trustee shall have
power to accept the resignation of, or remove, any such co-trustee or separate trustee without the concurrence of the Company. Upon the written request of the Trustee, the Company shall join with the Trustee in the execution and delivery of all
instruments and agreements necessary or proper to effectuate such resignation or removal. A successor to any co-trustee or separate trustee so resigned or removed may be appointed in the manner provided in this Section; 
 (d) no co-trustee or separate trustee hereunder shall be personally liable by reason of any act or omission of the Trustee, or any other
such trustee hereunder, and the Trustee shall not be personally liable by reason of any act or omission of any such co-trustee or separate trustee; and 
 (e) any Act of Holders delivered to the Trustee shall be deemed to have been delivered to each such co-trustee and separate trustee. 
  

 64 

 SECTION 1015. Appointment of Authenticating Agent. 
 The Trustee may appoint an Authenticating Agent or Agents with respect to the Securities of one or more series, or any Tranche thereof, which shall be
authorized to act on behalf of the Trustee to authenticate Securities of such series or Tranche issued upon original issuance, exchange, registration of transfer or partial redemption thereof or pursuant to Section 306, and Securities so
authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of
Securities by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on
behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State or
territory thereof or the District of Columbia or the Commonwealth of Puerto Rico, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination
by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined
capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance
with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such
Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible
under this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof to the Trustee and the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such
Authenticating Agent and the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee
may appoint a successor Authenticating Agent which shall be acceptable to the Company. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor
hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed unless eligible under the provisions of this Section. 
 The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its services under this Section. 
 The provisions of Sections 308, 1004 and 1005 shall be applicable to each Authenticating Agent. 
  

 65 

 If an appointment with respect to the Securities of one or more series, or any Tranche thereof, shall be
made pursuant to this Section, the Securities of such series or Tranche may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication substantially in the following form:

 This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
  

			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,
 As Trustee

		
	By	 	  

		 	As Authenticating Agent
		
	By	 	  

		 	Authorized Signatory

 If all of the Securities of a series may not be originally issued at one time, and if the
Trustee does not have an office capable of authenticating Securities upon original issuance located in a Place of Payment where the Company wishes to have Securities of such series authenticated upon original issuance, the Trustee, if so requested
by the Company in writing (which writing need not comply with Section 102 and need not be accompanied by an Opinion of Counsel), shall appoint, in accordance with this Section and in accordance with such procedures as shall be acceptable to the
Trustee, an Authenticating Agent having an office in a Place of Payment designated by the Company with respect to such series of Securities. 
 ARTICLE ELEVEN 
 Holders’ Lists and Reports by Trustee and Company 
 SECTION 1101. Lists of Holders. 
 Semiannually, not
later than May 15 and November 15, in each year, commencing with the period due no later than November 15, 2009, and at such other times as the Trustee may request in writing, the Company shall furnish or cause to be furnished to the
Trustee information as to the names and addresses of the Holders, and the Trustee shall preserve such information and similar information received by it in any other capacity and afford to the Holders access to information so preserved by it, all to
such extent, if any, and in such manner as shall be required by the Trust Indenture Act; provided, however, that no such list need be furnished so long as the Trustee shall be the Security Registrar. 
 SECTION 1102. Reports by Trustee and Company. 
 Within
60 days of September 1 of each year, commencing with the year 2009, the Trustee shall transmit to the Holders, the Commission and each securities exchange upon which any Securities are listed, a report, dated as of the such September 1,
with respect to any events and other matters described in Section 313(a) of the Trust Indenture Act, which may have occurred within the previous 12 months (but if no event has occurred within such period no report need be transmitted), in such
manner and to the extent required by the Trust Indenture Act. The Trustee shall transmit to the Holders, the Commission and each securities exchange upon which any Securities are listed, and the Company shall file with the Trustee (within 30 days
after filing with the Commission in the case of reports which pursuant to the Trust Indenture Act must be filed with the Commission and furnished to the Trustee) and transmit to the Holders, such other information, reports and other documents, if
any, at such times and in such manner, as shall be required by the Trust Indenture Act. The Company shall notify the Trustee of the listing of any Securities on any securities exchange and of any delisting thereof. 
  

 66 

 Delivery of such reports, information and documents to the Trustee is for informational purposes only,
and the Trustee’s receipt of such shall not constitute notice or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 ARTICLE TWELVE 
 Consolidation, Merger, Conveyance, or Other Transfer 
 SECTION 1201. Company may Consolidate, etc., Only on Certain Terms. 
 The Company shall not consolidate with or merge into
any other Person, or convey or otherwise transfer, or lease, as, or substantially as, an entirety the Collateral to any Person, unless: 
 (a) the Person formed by such consolidation or into which the Company is merged or the Person which acquires by conveyance or other transfer, or which leases, as, or substantially as, an entirety such Collateral shall be a corporation
organized and existing under the laws of the United States, any State or Territory thereof or the District of Columbia (such corporation being hereinafter sometimes called the “Successor Company”) and shall execute and deliver to
the Trustee an indenture supplemental hereto, in form recordable and reasonably satisfactory to the Trustee, which: 
 (i) in
the case of a consolidation, merger, conveyance or other transfer, or in the case of a lease if the term thereof extends beyond the last Stated Maturity of the Securities then Outstanding, contains an express assumption by the Successor Company of
the due and punctual payment of the principal of and premium, if any, and interest, if any, on all the Securities then Outstanding and the performance and observance of every covenant and condition of this Indenture to be performed or observed by
the Company, and 
 (ii) in the case of a consolidation, merger, conveyance or other transfer, contains a grant, conveyance,
transfer and mortgage by the Successor Company, of the same tenor of the Granting Clauses herein, 
 (A) confirming the Lien
of this Indenture on the Collateral (as constituted immediately prior to the time such transaction became effective) and subjecting to the Lien of this Indenture all property, real, personal and mixed, thereafter acquired by the Successor Company
which shall constitute an improvement, extension or addition to the Collateral (as so constituted) or a renewal, replacement or substitution of or for any part thereof, and, 
 (B) at the election of the Successor Company, subjecting to the Lien of this Indenture such property, real, personal or mixed, in
addition to the property described in subclause (A) above, then owned or thereafter acquired by the Successor Company as the Successor Company shall, in its sole discretion, specify or describe therein, 
 and the Lien confirmed or created by such grant, conveyance, transfer and mortgage shall have force, effect and standing similar to those which the Lien
of this Indenture would have had if the Company had not been a party to such consolidation, merger, conveyance 

  

 67 

 
or other transfer and had itself, after the time such transaction became effective, purchased, constructed or otherwise acquired the property subject to such
grant, conveyance, transfer and mortgage; 
 (b) in the case of a lease, such lease shall be made expressly subject to termination at any
time during the continuance of an Event of Default, by (i) the Company or the Trustee and (ii) the purchaser of the property so leased at any sale thereof hereunder, whether such sale be made under the power of sale hereby conferred or
pursuant to judicial proceedings; 
 (c) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of
Counsel each of which shall state that such consolidation, merger, conveyance or other transfer or lease, and such supplemental indenture, comply with this Article and that all conditions precedent herein provided for relating to such transaction
have been complied with; and 
 (d) immediately after giving effect to such transaction (and treating any debt that becomes an obligation of
the Successor Company as a result of such transaction as having been incurred by the Successor Company at the time of such transaction), no Default or Event of Default shall have occurred and be continuing. 
 As used in this Article and in Section 1810(d), the terms “improvement”, “extension” and “addition” shall be limited
to (a) with respect to real property subject to the Lien of this Indenture, any item of personal property which has been so affixed or attached to such real property as to be regarded a part of such real property under applicable law and
(b) with respect to personal property subject to the Lien of this Indenture, any improvement, extension or addition to such personal property which (i) is made to maintain, renew, repair or improve the function of such personal property
and (ii) is physically installed in or affixed to such personal property. 
 SECTION 1202. Successor Company Substituted. 
 Upon any consolidation or merger or any conveyance or other transfer of, as, or substantially as, an entirety the Collateral in accordance with
Section 1201, the Successor Company shall succeed to, and be substituted for, and may exercise every power and right of, the Company under this Indenture with the same effect as if such Successor Company had been named as the
“Company” herein. Without limiting the generality of the foregoing: 
 (a) all property of the Successor Company then subject to
the Lien of this Indenture, of the character described in Section 103, shall constitute Property Additions; 
 (b) the Successor Company
may execute and deliver to the Trustee, and thereupon the Trustee shall, subject to the provisions of Article Sixteen, authenticate and deliver, Securities upon any basis provided in Article Sixteen; and 
 (c) the Successor Company may, subject to the applicable provisions of this Indenture, cause Property Additions to be applied to any other Authorized
Purpose. 
 All Securities so executed by the Successor Company, and authenticated and delivered by the Trustee, shall in all respects be entitled to the
benefit of the Lien of this Indenture equally and ratably with all Securities executed, authenticated and delivered prior to the time such consolidation, merger, conveyance or other transfer became effective. 
  

 68 

 SECTION 1203. Extent of Lien Hereof on Property of Successor Company. 
 Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 1201, the indenture supplemental hereto
contemplated in Section 1201 or in Article Thirteen expressly provides otherwise, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: 
 (a) owned by the Successor Company or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such
transaction or 
 (b) acquired by the Successor Company at or after the time of effectiveness of such transaction, 
 except, in either case, properties (other than Excepted Property) acquired from the Company in or as a result of such transaction and improvements, extensions and
additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof. 
 SECTION 1204. Release of Company upon
Conveyance or Other Transfer. 
 In the case of a conveyance or other transfer to any Person or Persons as contemplated in
Section 1201, upon the satisfaction of all the conditions specified in Section 1201 the Company (such term being used in this Section without giving effect to such transaction) shall be released and discharged from all obligations and
covenants under this Indenture and on and under all Securities then Outstanding (unless the Company shall have delivered to the Trustee an instrument in which it shall waive such release and discharge) and, upon request by the Company, the Trustee
shall acknowledge in writing that the Company has been so released and discharged. 
 SECTION 1205. Merger into Company; Extent of Lien Hereof.

 (a) Nothing in this Indenture shall be deemed to prevent or restrict any consolidation or merger after the consummation of which the
Company would be the surviving or resulting corporation or any conveyance or other transfer, or lease, of any part of the Collateral which does not constitute the entirety or substantially the entirety of the Collateral. 
 (b) Unless, in the case of a consolidation or merger described in subsection (a) of this Section, an indenture supplemental hereto shall otherwise
provide, this Indenture shall not become or be, or be required to become or be, a Lien upon any of the properties acquired by the Company in or as a result of such transaction or any improvements, extensions or additions to such properties or any
renewals, replacements or substitutions of or for any part or parts thereof. 
 SECTION 1206. Transfer of Less than Substantially All. 
 A conveyance, transfer or lease by the Company of any part of the Collateral shall not be deemed to constitute the conveyance, transfer or lease as, or
substantially as, an entirety of the Collateral for purposes of this Indenture if the Fair Value of the Collateral retained by the Company exceeds 100/65ths of the aggregate principal amount of all Outstanding Securities and any other outstanding
debt of the Company secured by a Purchase Money Lien that ranks equally with, or senior to, the Securities with respect to such Collateral. Such Fair Value shall be established by the delivery to the Trustee of an Independent Expert’s
Certificate stating the Independent Expert’s opinion of such Fair Value as of a date not more than 90 days before or after such conveyance, transfer or lease. This Article is not intended to limit the Company’s conveyances, transfers or
leases of less than substantially the entirety of the Collateral. 
  

 69 

 ARTICLE THIRTEEN 
 Amendments 
 SECTION 1301. Amendments Without Consent of Holders. 
 Without the consent of any Holders, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
hereto (such supplemental indentures being herein referred to as “Amendments”), in form satisfactory to the Trustee, for any of the following purposes: 
 (a) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants of the Company
herein and in the Securities all as provided in Article Twelve; or 
 (b) to add one or more covenants of the Company or other
provisions for the benefit of the Holders of all or any series of Securities, or any Tranche, thereof or to surrender any right or power herein conferred upon the Company (and if such covenants are to be for the benefit of less than all series of
Securities, stating that such covenants are expressly being included solely for the benefit of such series); or 
 (c) to add
any additional Events of Default with respect to all or any series of Securities Outstanding hereunder (and if such additional Events of Default are to be for the benefit of less than all series of Securities, stating that such additional Events of
Default are expressly being included solely for the benefit of such series); or 
 (d) to change or eliminate any provision of
this Indenture or to add any new provision to this Indenture; provided, however, that if such change, elimination or addition shall adversely affect the interests of the Holders of Securities of any series or Tranche Outstanding on the date of such
Amendment in any material respect, such change, elimination or addition shall become effective with respect to such series or Tranche only pursuant to the provisions of Section 1302 hereof or when no Security of such series or Tranche remains
Outstanding; or 
 (e) to provide additional collateral security for the Securities of any series; or 
 (f) to establish the form or terms of Securities of any series or Tranche as contemplated by Sections 201 and 301; or 
 (g) to provide for the authentication and delivery of bearer securities and coupons appertaining thereto representing interest, if any,
thereon and for the procedures for the registration, exchange and replacement thereof and for the giving of notice to, and the solicitation of the vote or consent of, the holders thereof, and for any and all other matters incidental thereto; or

  

 70 

 (h) to evidence and provide for the acceptance of appointment hereunder by a separate or
successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 1011(b); or 
 (i) to provide for the procedures required to permit the
Company to utilize, at its option, a non-certificated system of registration for all, or any series or Tranche of, the Securities; or 
 (j) to change any place or places where (1) the principal of and premium, if any, and interest, if any, on all or any series of Securities, or any Tranche thereof, shall be payable, (2) all or any series of
Securities, or any Tranche thereof, may be surrendered for registration of transfer, (3) all or any series of Securities, or any Tranche thereof, may be surrendered for exchange and (4) notices and demands to or upon the Company in respect
of all or any series of Securities, or any Tranche thereof, and this Indenture may be served; or 
 (k) to amend and restate
this Indenture, as originally executed and delivered and as it may have been subsequently amended, in its entirety, but with such additions, deletions and other changes as shall not adversely affect the interests of the Holders of the Securities of
any series or Tranche in any material respect; or 
 (l) to cure any ambiguity, to correct or supplement any provision herein
which may be defective or inconsistent with any other provision herein, or to make any other changes to the provisions hereof or to add other provisions with respect to matters or questions arising under this Indenture, provided that such other
changes or additions shall not adversely affect the interests of the Holders of Securities of any series or Tranche in any material respect. 
 Without limiting the generality of the foregoing, if the Trust Indenture Act as in effect at the Execution Date or at any time thereafter shall be amended and 
 (x) if any such amendment shall require one or more changes to any provisions hereof or the inclusion herein of any additional provisions,
or shall by operation of law be deemed to effect such changes or incorporate such provisions by reference or otherwise, this Indenture shall be deemed to have been amended so as to conform to such amendment to the Trust Indenture Act, and the
Company and the Trustee may, without the consent of any Holders, enter into an Amendment hereto to evidence such amendment hereof; or 
 (y) if any such amendment shall permit one or more changes to, or the elimination of, any provisions hereof which, at the Execution Date or at any time thereafter, are required by the Trust Indenture Act to be
contained herein or are contained herein to reflect any provision of the Trust Indenture Act as in effect at such date, this Indenture shall be deemed to have been amended to effect such changes or elimination, and the Company and the Trustee may,
without the consent of any Holders, enter into an Amendment hereto to this Indenture to effect such changes or elimination or evidence such amendment, provided that the Indenture shall not be amended as provided in this clause (y) so as to
adversely affect the interests of the holders of Securities of any series or Tranche in any material respect. 
  

 71 

 SECTION 1302. Amendments With Consent of Holders. 
 Subject to the provisions of Section 1301, with the consent of the Holders of not less than a majority in aggregate principal amount of the
Securities of all series then Outstanding under this Indenture, considered as one class, by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, and the Trustee may enter into an Amendment
for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture; provided, however, that if there shall be Securities of more than one series Outstanding hereunder and if a proposed
Amendment shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series
so directly affected, considered as one class, shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if the proposed Amendment shall directly affect the rights of the
Holders of Securities of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class,
shall be required; and provided, further, that no such Amendment shall, without the consent of the Holder of each Outstanding Security of each series or Tranche so directly affected, 
 (a) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security (other than pursuant
to the terms thereof), or reduce the principal amount thereof or the rate of interest thereon (or the amount of any installment of interest thereon) or change the method of calculating such rate or reduce any premium payable upon the redemption
thereof, or reduce the amount of the principal of a Discount Security that would be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 902, or change the coin or currency (or other property), in which
any Security or any premium or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after the Redemption Date),
or 
 (b) permit the creation of any Lien ranking prior to, or on a parity with, the Lien of this Indenture with respect to
the Collateral or terminate the Lien of this Indenture on the Collateral or deprive such Holder of the benefit of the security of the Lien of this Indenture, or 
 (c) reduce the percentage in principal amount of the Outstanding Securities of any series or any Tranche thereof, the consent of the
Holders of which is required for any such Amendment, or the consent of the Holders of which is required for any waiver of compliance with any provision of this Indenture or of any default hereunder and its consequences, or reduce the requirements of
Section 1404 for quorum or voting, or 
 (d) modify any of the provisions of this Section, Section 706 or
Section 913 with respect to the Securities of any series, or any Tranche thereof, except to increase the percentages in principal amount referred to in this Section or such other Sections or to provide that other provisions of this Indenture
cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to 

  

 72 

 
changes in the references to “the Trustee” and concomitant changes in this Section, or the deletion of this proviso, in accordance with the
requirements of Sections 1011(b), 1014 and 1301(h). 
 An Amendment which (x) changes or eliminates any covenant or other provision of this
Indenture which has expressly been included solely for the benefit of the Holders of, or which is to remain in effect only so long as there shall be Outstanding, Securities of one or more particular series, or one or more Tranches thereof, or
(y) modifies the rights of the Holders of Securities of such series or Tranches with respect to such covenant or other provision, shall be deemed not to affect the rights under this Indenture of the Holders of Securities of any other series or
Tranche. 
 It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed Amendment, but
it shall be sufficient if such Act shall approve the substance thereof. 
 Anything in this Indenture to the contrary notwithstanding, if the
Officer’s Certificate, supplemental indenture or Board Resolution, as the case may be, establishing the Securities of any series or Tranche shall provide that the Company may make certain specified additions, changes or eliminations to or from
the Indenture which shall be specified in such Officer’s Certificate, supplemental indenture or Board Resolution establishing such series or Tranche, (a) the Holders of Securities of such series or Tranche shall be deemed to have consented
to an Amendment containing such additions, changes or eliminations to or from the Indenture which shall be specified in such Officer’s Certificate, supplemental indenture or Board Resolution establishing such series or Tranche, (b) no Act
of such Holders shall be required to evidence such consent and (c) such consent may be counted in the determination of whether or not the Holders of the requisite principal amount of Securities shall have consented to such Amendment.

 SECTION 1303. Execution of Amendments. 
 In executing, or accepting the additional trusts created by, any Amendment permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be provided with, and (subject to
Section 1001) shall be fully protected in relying upon, an Opinion of Counsel and an Officer’s Certificate stating that the execution of such Amendment is authorized or permitted by this Indenture and containing the statements required by
Section 104. The Trustee may, but shall not be obligated to, enter into any such Amendment which adversely affects the Trustee’s own rights, duties, immunities or liabilities under this Indenture or otherwise. 
 SECTION 1304. Effect of Amendments. 
 Upon the
execution of any Amendment under this Article this Indenture shall be modified in accordance therewith, and such Amendment shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated
and delivered hereunder shall be bound thereby. Any Amendment permitted by this Article may restate this Indenture in its entirety, and, upon the execution and delivery thereof, any such restatement shall supersede this Indenture as theretofore in
effect for all purposes. 
 SECTION 1305. Conformity With Trust Indenture Act. 
 Every Amendment executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 
  

 73 

 SECTION 1306. Reference in Securities to Amendments. 
 Securities of any series, or any Tranche thereof, authenticated and delivered after the execution of any Amendment pursuant to this Article may, and shall
if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such Amendment. If the Company shall so determine, new Securities of any series, or any Tranche thereof, so modified as to conform, in the
opinion of the Trustee and the Company, to any such Amendment may be prepared and executed by the Company, and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series or Tranche. 
 SECTION 1307. Modification Without Amendment. 
 To the
extent, if any, that the terms of any particular series of Securities shall have been established in or pursuant to a Board Resolution or an Officer’s Certificate pursuant to a supplemental indenture or Board Resolution as contemplated by
Section 301, and not in an Amendment hereto, additions to, changes in or the elimination of any of such terms may be effected by means of a supplemental Board Resolution or Officer’s Certificate pursuant to a Board Resolution or a
supplemental indenture and complying with the requirements of Section 104, as the case may be, delivered to, and accepted by, the Trustee in writing; provided, however, that such supplemental Board Resolution or Officer’s Certificate shall
not be accepted by the Trustee or otherwise be effective unless all conditions set forth in this Indenture which would be required to be satisfied if such additions, changes or elimination were contained in an Amendment shall have been appropriately
satisfied. Upon the written acceptance thereof by the Trustee, any such supplemental Board Resolution or Officer’s Certificate shall be deemed to be effective and constitute part of the Indenture and a supplemental indenture hereunder,
including for purposes of Section 1816. Such acceptance shall be conveyed by a written instrument signed by a Responsible Officer of the Trustee. 
 SECTION 1308. Amendment of Easement. 
 The Trustee shall, from time to time upon request of the Company so long as no Event
of Default under this Indenture has occurred and is continuing, execute and deliver to the Company an amendment to the Easement, in form satisfactory to the Trustee, (1) without the consent of any Holders if such amendment does not adversely
affect the interests of the Holders of Securities of any series or Tranche in any material respect; (2) without the consent of any Holders if such amendment is to release from the Easement any property released from the lien of this Indenture
pursuant to Article Eighteen hereof; or (3) with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding under this Indenture, considered as one class, by Act of said
Holders delivered to the Company by the Trustee. 
 ARTICLE FOURTEEN 
 Meetings of Holders; Action Without Meeting 
 SECTION 1401. Purposes for Which Meetings May
Be Called. 
 A meeting of Holders of Securities of one or more, or all, series, or any Tranche or Tranches thereof, may be called at any
time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be made, given or taken by Holders of Securities of such
series or Tranches. 
  

 74 

 SECTION 1402. Call, Notice and Place of Meetings. 
 (a) The Trustee may at any time call a meeting of Holders of Securities of one or more, or all, series, or any Tranche or Tranches thereof, for any
purpose specified in Section 1401, to be held at such time and at such place in The City of New York as the Trustee shall determine, or, with the approval of the Company, at any other place. Notice of every such meeting, setting forth the time
and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided in Section 108, not less than 21 nor more than 180 days prior to the date fixed for the meeting.

 (b) If the Trustee shall have been requested to call a meeting of the Holders of Securities of one or more, or all, series, or any Tranche
or Tranches thereof, by the Company or by the Holders of 33% in aggregate principal amount of all of such series and Tranches, considered as one class, for any purpose specified in Section 1401, by written request setting forth in reasonable
detail the action proposed to be taken at the meeting, and the Trustee shall not have given the notice of such meeting within 21 days after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided herein,
then the Company or the Holders of Securities of such series and Tranches in the amount above specified, as the case may be, may determine the time and the place in The City of New York, or in such other place as shall be determined or approved by
the Company, for such meeting and may call such meeting for such purposes by giving notice thereof as provided in subsection (a) of this Section. 
 (c) Any meeting of Holders of Securities of one or more, or all, series, or any Tranche or Tranches thereof, shall be valid without notice if the Holders of all Outstanding Securities of such series or Tranches are
present in person or by proxy and if representatives of the Company and the Trustee are present, or if notice is waived in writing before or after the meeting by the Holders of all Outstanding Securities of such series, or any Tranche or Tranches
thereof or by such of them as are not present at the meeting in person or by proxy, and by the Company and the Trustee. 
 SECTION 1403. Persons Entitled
to Vote at Meetings. 
 To be entitled to vote at any meeting of Holders of Securities of one or more, or all, series, or any Tranche or
Tranches thereof, a Person shall be (a) a Holder of one or more Outstanding Securities of such series or Tranches, or (b) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities
of such series or Tranches by such Holder or Holders. The only Persons who shall be entitled to attend any meeting of Holders of Securities of any series or Tranche shall be the Persons entitled to vote at such meeting and their counsel, any
representatives of the Trustee and its counsel and any representatives of the Company and its counsel. 
 SECTION 1404. Quorum; Action. 
 The Persons entitled to vote a majority in aggregate principal amount of the Outstanding Securities of the series and Tranches with respect to which a
meeting shall have been called as hereinbefore provided, considered as one class, shall constitute a quorum for a meeting of Holders of Securities of such series and Tranches; provided, however, that if any action is to be taken at such meeting
which this Indenture expressly provides may be taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of such series and Tranches, considered as one class, the Persons
entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series and Tranches, considered as one class, shall constitute a quorum. In the absence of a quorum within one hour of the time appointed for any
such meeting, the 

  

 75 

 
meeting shall, if convened at the request of Holders of Securities of such series and Tranches, be dissolved. In any other case the meeting may be adjourned
for such period as may be determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for such period as may be
determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any meeting adjourned for more than 30 days shall be given as provided in Section 1402(a) not less than ten days prior to
the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding Securities of such series and Tranches
which shall constitute a quorum. 
 Except as limited by Section 1302, any resolution presented to a meeting or adjourned meeting duly
reconvened at which a quorum is present as aforesaid may be adopted only by the affirmative vote of the Holders of a majority in aggregate principal amount of the Outstanding Securities of the series and Tranches with respect to which such meeting
shall have been called, considered as one class; provided, however, that, except as so limited, any resolution with respect to any action which this Indenture expressly provides may be taken by the Holders of a specified percentage, which is less
than a majority, in principal amount of the Outstanding Securities of such series and Tranches, considered as one class, may be adopted at a meeting or an adjourned meeting duly reconvened and at which a quorum is present as aforesaid by the
affirmative vote of the Holders of such specified percentage in principal amount of the Outstanding Securities of such series and Tranches, considered as one class. 
 Any resolution passed or decision taken at any meeting of Holders of Securities duly held in accordance with this Section shall be binding on all the Holders of Securities of the series and Tranches with respect to
which such meeting shall have been held, whether or not present or represented at the meeting. 
 SECTION 1405. Attendance at Meetings; Determination of
Voting Rights; Conduct and Adjournment of Meetings. 
 (a) Attendance at meetings of Holders of Securities may be in person or by proxy;
and, to the extent permitted by law, any such proxy shall remain in effect and be binding upon any future Holder of the Securities with respect to which it was given unless and until specifically revoked by the Holder or future Holder of such
Securities before being voted. 
 (b) Notwithstanding any other provisions of this Indenture, the Trustee may make such reasonable
regulations as it may deem advisable for any meeting of Holders of Securities in regard to proof of the holding of such Securities and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission
and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the conduct of the meeting as it shall deem appropriate. Except as otherwise permitted or required by any such regulations, the
holding of Securities shall be proved in the manner specified in Section 106 and the appointment of any proxy shall be proved in the manner specified in Section 106. Such regulations may provide that written instruments appointing proxies,
regular on their face, may be presumed valid and genuine without the proof specified in Section 106 or other proof. 
 (c) The Trustee
shall, by an instrument in writing, appoint a temporary chairman of the meeting, unless the meeting shall have been called by the Company or by Holders as provided in Section 1402(b), in which case the Company or the Holders of Securities of
the series and Tranches calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A permanent 

  

 76 

 
chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in aggregate principal amount of the
Outstanding Securities of all series and Tranches represented in person or by proxy at the meeting, considered as one class. 
 (d) At any
meeting each Holder or proxy shall be entitled to one vote for each $1,000 principal amount of Securities held or represented by him; provided, however, that no vote shall be cast or counted at any meeting in respect of any Security challenged as
not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security or proxy. 
 (e) Any meeting duly called pursuant to Section 1402 at which a quorum is present may be adjourned from time to time by Persons entitled to vote a
majority in aggregate principal amount of the Outstanding Securities of all series and Tranches represented at the meeting, considered as one class; and, except as provided in Section 1404, the meeting may be held as so adjourned without
further notice. 
 SECTION 1406. Counting Votes and Recording Action of Meetings. 
 The vote upon any resolution submitted to any meeting of Holders shall be by written ballots on which shall be subscribed the signatures of the Holders or
of their representatives by proxy and the principal amounts and serial numbers of the Outstanding Securities, of the series and Tranches with respect to which the meeting shall have been called, held or represented by them. The permanent chairman of
the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports of all votes cast at the
meeting. A record, in duplicate, of the proceedings of each meeting of Holders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on any vote by ballot taken
thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was given as provided in Section 1402 and, if applicable, Section 1404. Each copy
shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto
the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
 SECTION 1407. Action
Without Meeting. 
 In lieu of a vote of Holders at a meeting as hereinbefore contemplated in this Article, any request, demand,
authorization, direction, notice, consent, waiver or other action may be made, given or taken by Holders by one or more written instruments as provided in Section 106. 
 ARTICLE FIFTEEN 
 Immunity of Incorporators, Shareholders, Officers and
Directors 
 SECTION 1501. Liability Solely Corporate. 
 No recourse shall be had for the payment of the principal of or premium, if any, or interest, if any, on any Securities or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the
indebtedness represented thereby, or upon any obligation, covenant or agreement under this Indenture, against any incorporator, shareholder, member, limited partner, officer, manager or 

  

 77 

 
director, as such, past, present or future of the Company or of any predecessor or successor of the Company (either directly or through the Company or a
predecessor or successor of the Company), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that this Indenture and
all the Securities are solely corporate obligations, and that no personal liability whatsoever shall attach to, or be incurred by, any incorporator, shareholder, member, limited partner, officer, manager or director, past, present or future, of the
Company or of any predecessor or successor of the Company, either directly or indirectly through the Company or any predecessor or successor of the Company, because of the indebtedness hereby authorized or under or by reason of any of the
obligations, covenants or agreements contained in this Indenture or in any of the Securities or to be implied herefrom or therefrom, and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the
consideration for, the execution of this Indenture and the issuance of the Securities. 
 ARTICLE SIXTEEN 
 Issuance of Securities 
 SECTION 1601. General.

 The Trustee shall authenticate and deliver Securities, for original issue, at one time or from time to time in accordance with the
Company Order referred to below, only pursuant to Section 1603, 1604 or 1605. 
 SECTION 1602. Reserved. 
 SECTION 1603. Issuance of Securities on the Basis of Property Additions. 
 (a) Securities of any one or more series may be authenticated and delivered on the basis of Property Additions which do not constitute Funded Property in a principal amount not exceeding 65% of the balance of the Cost
or the Fair Value to the Company of such Property Additions (whichever shall be less) after making any deductions and any additions pursuant to Section 103(b). 
 (b) Securities of any series shall be authenticated by the Trustee on the basis of Property Additions and delivered in accordance with one or more Company Orders, all without compliance with any of the conditions,
provisions and limitations set forth in Sections 1604 and 1605, upon receipt by the Trustee of: 
 (i) the documents with
respect to the Securities of such series specified in Section 303; 
 (ii) an Expert’s Certificate dated as of a
date not more than ninety (90) days prior to the date of the Company Order referring to it, 
 (1) describing the
property designated by the Company, in its discretion, to be made the basis of the authentication and delivery of such Securities (such description of property to be made by reference, at the election of the Company, either to specified items, units
and/or elements of property or portions thereof, on a percentage or Dollar basis, or to properties reflected in specified accounts or subaccounts in the Company’s books of account or portions thereof, on a Dollar basis), and stating the Cost of
such property; 
  

 78 

 (2) stating that all such property constitutes Property Additions; 
 (3) stating that such Property Additions are desirable for use in the conduct of the business, or one of the businesses, of the Company;

 (4) stating that such Property Additions, to the extent of the Cost or Fair Value to the Company thereof (whichever is
less) to be made the basis of the authentication and delivery of such Securities, do not constitute Funded Property; 
 (5)
stating, except as to Property Additions acquired, made or constructed wholly through the delivery of securities or other property, that the amount of cash forming all or part of the Cost thereof was equal to or more than an amount to be stated
therein; 
 (6) briefly describing, with respect to any Property Additions acquired, made or constructed in whole or in part
through the delivery of securities or other property, the securities or other property so delivered and stating the date of such delivery; 
 (7) stating what part, if any, of such Property Additions includes property which within six months prior to the date of acquisition thereof by the Company had been used or operated by others than the Company in a
business similar to that in which it has been or is to be used or operated by the Company and stating whether or not, in the judgment of the signers, the Fair Value of such Property Additions to the Company, as of the date of such certificate, is
less than Twenty-five Thousand Dollars ($25,000) and whether or not such Fair Value is less than one percent (1%) of the aggregate principal amount of Securities then Outstanding; 
 (8) stating, in the judgment of the signers, the Fair Value to the Company, as of the date of such certificate, of such Property
Additions, except any thereof with respect to the Fair Value to the Company of which a statement is to be made in an Independent Expert’s Certificate pursuant to clause (iii) below; 
 (9) stating the amount required to be deducted under Section 103(b)(i) and the amounts elected to be added by the Company under
Section 103(b)(ii) in respect of Funded Property retired by the Company; 
 (10) if any property included in such
Property Additions is subject to a Lien of the character described (I) in clause (f) of the definition of Permitted Liens, stating that such Lien does not, in the judgment of the signers, materially impair the use by the Company of the
Collateral considered as a whole for the purposes for which it is held by the Company, or (II) in clause (i)(ii) of the definition of Permitted Liens, stating that such Lien does not, in the judgment of the signers, materially impair the use by the
Company of such property for the purposes for which it is held by the Company or (III) in clause (p)(ii) of the definition of Permitted Liens, stating that the enforcement of such Lien would not, in the judgment of the signers, adversely affect the
interests of the Company in such property in any material respect; 
 (11) stating the lower of the Cost or the Fair Value to
the Company of such Property Additions, after the deductions therefrom and additions thereto specified in such Expert’s Certificate pursuant to clause (9) above; 
  

 79 

 (12) stating the amount equal to 65% of the amount required to be stated pursuant to
clause (11) above; 
 (13) stating the aggregate principal amount of the Securities to be authenticated and delivered on
the basis of such Property Additions (such amount not to exceed the amount stated pursuant to clause (12) above); 
 (iii) in case any Property Additions are shown by the Expert’s Certificate provided for in clause (ii) above to include property which, within six months prior to the date of acquisition thereof by the Company, had been used or
operated by others than the Company in a business similar to that in which it has been or is to be used or operated by the Company and such certificate does not show the Fair Value thereof to the Company, as of the date of such certificate, to be
less than Twenty-five Thousand Dollars ($25,000) or less than one percent (1%) of the aggregate principal amount of Securities then Outstanding, an Independent Expert’s Certificate stating, in the judgment of the signer, the Fair Value to
the Company, as of the date of such Independent Expert’s Certificate, of (X) such Property Additions which have been so used or operated and (at the option of the Company) as to any other Property Additions included in the Expert’s
Certificate provided for in clause (ii) above and (Y) in case such Independent Expert’s Certificate is being delivered in connection with the authentication and delivery of Securities, any property so used or operated which has been
subjected to the Lien of this Indenture since the commencement of the then current calendar year as the basis for the authentication and delivery of Securities and as to which an Independent Expert’s Certificate has not previously been
furnished to the Trustee; 
 (iv) in case any Property Additions are shown by the Expert’s Certificate provided for in
clause (ii) above to have been acquired, made or constructed in whole or in part through the delivery of securities or other property, an Expert’s Certificate stating, in the judgment of the signers, the fair market value in cash of such
securities or other property at the time of delivery thereof in payment for or for the acquisition of such Property Additions; 
 (v) either an Opinion of Counsel or an Officer’s Certificate to the effect that: 
 (1) this Indenture
constitutes, or, upon the delivery of, and/or the filing and/or recording in the proper places and manner of, the instruments of conveyance, assignment or transfer, if any, specified in said opinion or certificate, will constitute, a Lien on all the
Property Additions to be made the basis of the authentication and delivery of such Securities, subject to no Lien thereon prior to the Lien of this Indenture except Permitted Liens listed in clauses (c) through (v) of the definition of
Permitted Liens and any other Liens of which the signer of said opinion or certificate has no actual knowledge and which do not appear on a specified lien search report that shall be received by said signer not more than ten (10) Business Days
prior to the date of said opinion or certificate; and 
 (2) the Company has corporate authority to operate such Property
Additions; and 
 (vi) copies of the instruments of conveyance, assignment and transfer, if any, and the lien search report,
if any, specified in the opinion or certificate provided for in clause (v) above. 
  

 80 

 SECTION 1604. Issuance of Securities on the Basis of Retired Securities. 
 (a) Securities of any one or more series may be authenticated and delivered on the basis of, and in an aggregate principal amount not exceeding the
aggregate principal amount of, Retired Securities. 
 (b) Securities of any series shall be authenticated by the Trustee on the basis of
Retired Securities and delivered in accordance with one or more Company Orders, all without compliance with any of the conditions, provisions and limitations set forth in Sections 1603 and 1605, upon receipt by the Trustee of: 
 (i) the documents with respect to the Securities of such series specified in Section 303; and 
 (ii) an Officer’s Certificate stating that Retired Securities, specified by series, in an aggregate principal amount not less than
the aggregate principal amount of Securities to be authenticated and delivered, have theretofore been authenticated and delivered and, as of the date of such Officer’s Certificate, constitute Retired Securities and are the basis for the
authentication and delivery of such Securities. 
 SECTION 1605. Issuance of Securities on the Basis of Deposit of Cash. 
 (a) Securities of any one or more series may be authenticated and delivered on the basis of, and in an aggregate principal amount not exceeding the amount
of, any cash deposited with the Trustee for such purpose. 
 (b) Securities of any series shall be authenticated by the Trustee on the basis
of the deposit of cash and delivered in accordance with one or more Company Orders, all without compliance with any of the conditions, provisions and limitations set forth in Sections 1603 and 1604, upon receipt by the Trustee of: 
 (i) such deposit of cash; and 
 (ii) the documents with respect to the Securities of such series specified in Section 303. 
 (c) All
cash deposited with the Trustee under the provisions of this Section shall be held by the Trustee as a part of the Collateral and may be withdrawn from time to time by the Company, upon application of the Company to the Trustee, in an amount equal
to the aggregate principal amount of Securities to the authentication and delivery of which the Company shall be entitled under any of the provisions of this Indenture by virtue of compliance with all applicable provisions of this Indenture (except
as hereinafter in this subsection (c) otherwise provided). 
 Upon any such application for withdrawal, the Company shall comply with
all applicable provisions of this Article relating to the authentication and delivery of Securities except that the Company shall not in any event be required to deliver the documents specified in Section 303 other than the Officer’s
Certificate and Opinion of Counsel complying with the requirements of Section 104. 
 Any withdrawal of cash under this subsection
(c) shall operate as a waiver by the Company of its right to the authentication and delivery of the Securities on which it is based and such 

  

 81 

 
Securities may not thereafter be authenticated and delivered hereunder. Any Property Additions which have been made the basis of any such right to the
authentication and delivery of Securities so waived shall be deemed to have been made the basis of the withdrawal of such cash; any Retired Securities which have been made the basis of any such right to the authentication and delivery of Securities
so waived shall be deemed to have been made the basis of the withdrawal of such cash. 
 (d) If at any time the Company shall so direct, any
sums deposited with the Trustee under the provisions of this section may be used or applied to the purchase, payment or redemption of Securities in the manner provided in clauses (d) and (e) of Section 1806, subject to the conditions
provided in Section 1806. 
 ARTICLE SEVENTEEN 
 Reserved. 
 ARTICLE EIGHTEEN 
 Possession, Use and Release of Collateral 
 SECTION 1801. Quiet Enjoyment. 
 Unless one or more Events of Default shall have occurred and be continuing, the Company shall be permitted to possess, use and enjoy the Collateral
(except, to the extent not herein otherwise provided, such cash and securities as are expressly required to be deposited with the Trustee). 
 SECTION
1802. Dispositions and Other Actions without Release. 
 Unless an Event of Default shall have occurred and be continuing, the Company may
at any time and from time to time, without any release or consent by, or report to, the Trustee: 
 (a) sell or otherwise dispose of, free
from the Lien of this Indenture, any machinery, equipment, apparatus, towers, transformers, poles, lines, cables, conduits, ducts, conductors, meters, regulators, holders, tanks, retorts, purifiers, odorizers, scrubbers, compressors, valves, pumps,
mains, pipes, service pipes, fittings, connections, services, tools, implements, or any other fixtures or personalty, then subject to the Lien hereof, which shall have become old, inadequate, obsolete, worn out, unfit, unadapted, unserviceable,
undesirable or unnecessary for use in the operations of the Company upon replacing the same by, or substituting for the same, similar or analogous property, or other property performing a similar or analogous function or otherwise obviating the need
therefor, having a Fair Value to the Company at least equal to that of the property sold or otherwise disposed of and subject to the Lien hereof, subject to no Liens prior hereto except Permitted Liens and any other Liens to which the property sold
or otherwise disposed of was subject; 
 (b) cancel or make changes or alterations in or substitutions for any and all easements, servitudes,
rights-of-way and similar rights and/or interests (other than the Easement); 
 (c) grant, free from the Lien of this Indenture, easements,
ground leases or rights-of-way in, upon, over and/or across the property or rights-of-way of the Company for the purpose of roads, pipe lines, transmission lines, distribution lines, communication lines, railways, removal or transportation of coal,
lignite, gas, oil or other minerals or timber, and other like purposes, or for the joint or common 

  

 82 

 
use of real property, rights-of-way, facilities and/or equipment; provided, however, that such grant shall not materially impair the use of the property or
rights-of-way for the purposes for which such property or rights-of-way are held by the Company; and 
 (d) terminate, abandon, surrender,
cancel, release, modify or dispose of any franchises, licenses, permits, easements or rights-of-way that are Collateral; provided that such action is, in the opinion of the Company, necessary, desirable or advisable in the conduct of the business of
the Company, and; provided further that any franchises, licenses or permits that become Collateral by the operation of the First Granting Clause and thereafter, in the opinion of the Company, cease to be necessary for the operation of the Collateral
shall automatically cease to be subject to the Lien of this Indenture, without any release or consent, or report to, the Trustee. 
 SECTION 1803. Release
of Collateral. 
 Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the
Collateral, or any interest therein, other than Funded Cash held by the Trustee, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of: 
 (a) a Company Order requesting the release of such property and transmitting therewith a form of instrument or instruments to effect such release;

 (b) an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing;

 (c) an Expert’s Certificate made and dated not more than ninety (90) days prior to the date of such Company Order: 

(i) describing the property to be released; 
 (ii) stating the Fair Value, in the judgment of the signers, of the property to be released; 
 (iii) stating the Cost of the property to be released; and 
 (iv) stating that, in the judgment of the signers, such release will not impair the security under this Indenture in contravention of the
provisions hereof; 
 (d) an amount in cash to be held by the Trustee as part of the Collateral, equal to the amount, if any, by which the
lower of the Cost or Fair Value referred to in clause (c) above exceeds the aggregate of the following items: 
 (i) an
amount equal to the aggregate principal amount of any obligations secured by Purchase Money Lien delivered to the Trustee, to be held as part of the Collateral, subject to the limitations hereafter in this Section set forth; 
 (ii) an amount equal to the Cost or Fair Value to the Company (whichever is less), after making any deductions and any additions pursuant
to Section 103, of any Property Additions not constituting Funded Property described in an Expert’s Certificate, dated not more than ninety (90) days prior to the date of the Company Order requesting 

  

 83 

 
such release and complying with clause (ii) and, to the extent applicable, clause (iii) in Section 1603(b), delivered to the Trustee;
provided, however, that the deductions and additions contemplated by Section 103 shall not be required to be made if such Property Additions were acquired, made or constructed on or after the ninetieth (90th) day preceding the date of such
Company Order; 
 (iii) 100/65ths of the aggregate principal amount of Securities to the authentication and delivery of which
the Company shall be entitled under the provisions of Section 1604, by virtue of compliance with all applicable provisions of such section (except as hereinafter in this Section otherwise provided); provided, however, that such release shall
operate as a waiver by the Company of the right to the authentication and delivery of such Securities and, to such extent, no such Securities may thereafter be authenticated and delivered hereunder; and any Securities which could have been the basis
of such right to the authentication and delivery of Securities so waived shall be deemed to have been made the basis of such release of property; 
 (iv) any amount in cash and/or an amount equal to the aggregate principal amount of any obligations secured by Purchase Money Lien that, in either case, is evidenced to the Trustee by a certificate of the trustee or
other holder of a Lien prior to the Lien of this Indenture to have been received by such trustee or other holder in accordance with the provisions of such Lien in consideration for the release of such property or any part thereof from such Lien, all
subject to the limitations hereafter in this Section set forth; 
 (v) 100/65ths of the aggregate principal amount of any
Outstanding Securities delivered to the Trustee (other than Securities authenticated and delivered pursuant to Section 1605); and 
 (vi) any taxes and expenses incidental to any sale, exchange, dedication or other disposition of the property to be released; 
 provided, however, that no obligations secured by Purchase Money Lien upon any property being released from the Lien hereof shall be used as a credit in connection with such release unless all obligations secured by such Purchase Money Lien
shall be delivered to the Trustee or to the trustee or other holder of a Lien prior to the Lien of this Indenture; 
 (e) if the release is
on the basis of Property Additions or on the basis of the right to the authentication and delivery of Securities under Section 1604, all documents contemplated below in this section; and 
 (f) if the release is on the basis of the delivery to the Trustee or to the trustee or other holder of a prior Lien of obligations secured by Purchase
Money Lien, all documents contemplated below in this Section, to the extent required. 
 If and to the extent that the release of property
is, in whole or in part, based upon Property Additions (as permitted under the provisions of clause (d)(ii) in the first paragraph of this Section), the Company shall, subject to the provisions of said clause (d)(ii) and except as hereafter in this
paragraph provided, comply with all applicable provisions of this Indenture as if such Property Additions were to be made the basis of the authentication and delivery of Securities equal in principal amount to 65% of the Cost (or, as to property of
which the Fair Value to the Company at the time the same became 

  

 84 

 
Funded Property was certified to be an amount less than the Cost thereof, such Fair Value, as so certified, in lieu of Cost) of that portion of the property
to be released which is to be released on the basis of such Property Additions, as shown by the Expert’s Certificate required by clause (c) in the first paragraph of this Section; provided, however, that the Cost of any Property Additions
received or to be received by the Company in whole or in part as consideration in exchange for the property to be released shall for all purposes of this Indenture be deemed to be the amount stated in the Expert’s Certificate provided for in
clause (c) in the first paragraph of this Section to be the lower of Cost or Fair Value of the property to be released (x) plus the amount of any cash and the fair market value of any other consideration, further to be stated in such
Expert’s Certificate, paid and/or delivered or to be paid and/or delivered by, and the amount of any obligations assumed or to be assumed by, the Company in connection with such exchange as additional consideration for such Property Additions
and/or (y) less the amount of any cash and the fair market value of any other consideration, which shall also be stated in such Expert’s Certificate, received or to be received by the Company in connection with such exchange in addition to
such Property Additions. If and to the extent that the release of property is in whole or in part based upon the right to the authentication and delivery of Securities under Section 1604 (as permitted under the provisions of clause (d)(iii) in
the first paragraph of this Section), the Company shall, except as hereafter in this paragraph provided, comply with all applicable provisions of such section relating to such authentication and delivery. Notwithstanding the foregoing provisions of
this paragraph, in no event shall the Company be required to deliver the documents specified in Section 303 other than the Officer’s Certificate and Opinion of Counsel complying with the requirements of Section 104. 
 If the release of property is, in whole or in part, based upon the delivery to the Trustee or the trustee or other holder of a Lien prior to the Lien of
this Indenture of obligations secured by Purchase Money Lien, the Company shall deliver to the Trustee: 
 (x) an Officer’s Certificate
(i) stating that no event has occurred and is continuing which entitles the holder of such Purchase Money Lien to accelerate the maturity of the obligations, if any, outstanding thereunder and (ii) reciting the aggregate principal amount
of obligations, if any, then outstanding thereunder in addition to the obligations then being delivered in connection with the release of such property and the terms and conditions, if any, on which additional obligations secured by such Purchase
Money Lien are permitted to be issued; and 
 (y) either an Opinion of Counsel or an Officer’s Certificate to the effect that, in the
opinion of the signer, (i) such obligations are valid obligations, entitled to the benefit of such Purchase Money Lien equally and ratably with all other obligations, if any, then outstanding thereunder, (ii) that such Purchase Money Lien
constitutes, or, upon the delivery of, and/or the filing and/or recording in the proper places and manner of, the instruments of conveyance, assignment or transfer, if any, specified in such opinion or certificate, will constitute, a Lien upon the
property to be released, subject to no Lien prior thereto except Liens generally of the character of Permitted Liens and such Liens, if any, as shall have existed thereon immediately prior to such release as Liens prior to the Lien of this
Indenture, (iii) if any obligations in addition to the obligations being delivered in connection with such release of property are then outstanding, or are permitted to be issued, under such Purchase Money Lien, (A) that such Purchase
Money Lien constitutes, or, upon the delivery of, and/or the filing and/or recording in the proper places and manner of, the instruments of conveyance, assignment or transfer, if any, specified in such opinion or certificate, will constitute, a Lien
upon all other property, if any, purporting to be subject thereto (other than property generally of the character of Excepted Property), subject to no Lien prior thereto except Liens generally of the character of Permitted Liens and any other Liens
of which the signer of such opinion or certificate has no actual knowledge and which do not appear on a specified lien search report received by said signer not more than ten (10) Business Days prior to the date of such opinion or certificate
and (B) that the terms of such Purchase Money Lien, as then in effect, do not permit the 

  

 85 

 
issuance of obligations thereunder except on the basis of property generally of the character of Property Additions, the retirement or deposit of outstanding
obligations, the deposit of prior Lien obligations or the deposit of cash. 
 If the Opinion of Counsel or Officer’s Certificate
provided to the Trustee pursuant to clause (y) above is conditioned upon the filing and/or recording of any instruments of conveyance, assignment or transfer, the Company shall promptly cause such instruments to be filed and/or recorded in the
proper places and manner and shall deliver to the Trustee evidence of such filing and/or recording promptly upon receipt of such evidence by the Company. 
 Anything herein to the contrary notwithstanding (a) the aggregate principal amount of obligations secured by Purchase Money Lien which may be used pursuant to subclause (i) and/or subclause (iv) of
clause (d) in the first paragraph of this Section as the basis for the release of property from the Lien of this Indenture shall not exceed seventy-five percentum (75%) of the Fair Value of the property to be released, as certified
pursuant to clause (c)(ii) in the first paragraph of this Section, and (b) no obligations secured by Purchase Money Lien shall be used as the basis for the release of property hereunder, if the aggregate principal amount of such obligations to
be used by the Company pursuant to subclause (i) and/or subclause (iv) of such clause (d) plus the aggregate principal amount used by the Company pursuant to said subclause (i) and subclause (iv) in connection with all
previous releases of property from the Lien hereof on the basis of obligations secured by Purchase Money Lien theretofore delivered to and then held by the Trustee or the trustee or other holder of a Lien prior to the Lien of this Indenture shall,
immediately after the release then being applied for, exceed forty percentum (40%) of the aggregate principal amount of Securities then Outstanding; provided, however, that the limitation set forth in clause (a) above shall not be
applicable if no additional obligations are then outstanding, or are permitted to be issued, under the Purchase Money Lien securing such obligations; and provided, further, that there shall not be taken into account for purposes of the calculation
contemplated in clause (b) above any obligations secured by Purchase Money Lien with respect to which there shall have been delivered to the Trustee: 
 (x) an Officer’s Certificate (i) if any obligations shall then be outstanding under such Purchase Money Lien and/or additional obligations are permitted to be issued thereunder, either (A) stating that
the terms of such Purchase Money Lien, as then in effect, do not permit the issuance of obligations thereunder on the basis of property additions in a principal amount exceeding sixty-five percentum (65%) of the balance of the cost or fair
value of such property additions to the issuer thereof (whichever shall be less) after making deductions and additions similar to those provided for in Section 103, or (B) in the event that the statements contained in clause (A) above
cannot be made, stating that such issuer has irrevocably waived its right to the authentication and delivery of obligations under such Purchase Money Lien (1) on any basis, in a principal amount equal to the excess of (I) the aggregate
principal amount of obligations, if any, then outstanding under such Purchase Money Lien which were issued on the basis of property additions or on the basis of the retirement of obligations which were issued (whether directly or indirectly when
considered in light of the successive issuance and retirement of obligations) on the basis of property additions over (II) an amount equal to sixty-five percentum (65%) of the aggregate Dollar amount of property additions certified as the basis
for the issuance of such obligations then outstanding and (2) on the basis of property additions, in a principal amount exceeding sixty-five percentum (65%) of the balance of the cost or fair value thereof to such issuer (whichever shall
be less) after making deductions and additions similar to those provided for in Section 103 and (ii) stating either (A) that the obligations secured by such Purchase Money Lien delivered to 

  

 86 

 
the Trustee or to the trustee or other holder of a Lien prior to the Lien of this Indenture as the basis for such release of property contain a provision for
mandatory redemption upon the acceleration of the maturity of all Outstanding Securities following an Event of Default (whether or not such redemption may be rescinded upon the rescission of such acceleration) or (B) that so long as such
obligations are held by the Trustee or the trustee or other holder of such a prior Lien, an Event of Default under this Indenture constitutes a matured event of default under such Purchase Money Lien (provided, however, that the waiver or cure of
such Event of Default hereunder and the rescission and annulment of the consequences thereof may constitute a cure of the corresponding event of default under such Purchase Money Lien and a rescission and annulment of the consequences thereof); and

 (y) an Opinion or Opinions of Counsel to the effect that (i) if any obligations shall then be outstanding under such
Purchase Money Lien and/or additional obligations are permitted to be issued thereunder, to the effect either (A) that the terms of such Purchase Money Lien, as then in effect, do not permit the issuance of obligations thereunder upon the basis
of property additions in a principal amount exceeding sixty-five percentum (65%) of the balance of the cost or the fair value thereof to the issuer of such obligations (whichever shall be less) after making deductions and additions similar to
those provided for in Section 103, or, if such is not the case, (B) that the waivers contemplated by clause (x)(i)(B) above have been duly made and (ii) to the effect either (A) that the obligations secured by such Purchase Money
Lien delivered to the Trustee or to the trustee or other holder of a Lien prior to the Lien of this Indenture as the basis for such release of property contain a provision for mandatory redemption upon an acceleration) of the maturity of all
Outstanding Securities following an Event of Default (whether or not such redemption may be rescinded upon the rescission of such acceleration) or (B) that, so long as such obligations are held by the Trustee or the trustee or other holder of
such a prior Lien, an Event of Default under this Indenture constitutes a matured event of default under such Purchase Money Lien (provided, however, that the waiver or cure of such Event of Default hereunder and the rescission and annulment of the
consequences thereof may constitute a cure of the corresponding event of default under such Purchase Money Lien and a rescission and annulment of the consequences thereof). 
 Any Outstanding Securities delivered to the Trustee pursuant to clause (d) in the first paragraph of this Section shall, upon receipt of a
Company Order, forthwith be canceled by the Trustee. Any cash and/or obligations deposited with the Trustee pursuant to the provisions of this Section, and the proceeds of any such obligations, shall be held as part of the Collateral and shall be
withdrawn, released, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 1806. 
 Anything in this Indenture to the contrary notwithstanding, if property to be released constitutes Funded Property in part only, the Company may obtain the release of the part of such property which constitutes Funded
Property under this Section and obtain the release of the part of such property which does not constitute Funded Property under Section 1804. In such event, (a) the application of Property Additions in the release under this Section as
contemplated in clause (d)(ii) in the first paragraph thereof shall be taken into account in clause (v) or clause (vi), whichever may be applicable, of the Expert’s Certificate described in clause (c) in Section 1804 and
(b) the Trustee shall, at the election of the Company, execute and deliver a separate instrument of release with respect to the property released under each of such Sections or a consolidated instrument of release with respect to the property
released under both of such Sections considered as a whole. 
  

 87 

 SECTION 1804. Release of Collateral Not Constituting Funded Property. 
 Unless an Event of Default shall have occurred and be continuing, the Company may obtain the release of any part of the Collateral, or any interest
therein, which does not constitute Funded Property or Funded Cash held by the Trustee, and the Trustee shall release all its right, title and interest in and to the same from the Lien hereof, upon receipt by the Trustee of: 
 (a) a Company Order requesting the release of such property and transmitting therewith a form of instrument or instruments to effect such release;

 (b) an Officer’s Certificate describing the property to be released and stating that, to the knowledge of the signer, no Event of
Default has occurred and is continuing; 
 (c) an Expert’s Certificate, made and dated not more than ninety (90) days prior to the
date of such Company Order: 
 (i) describing the property to be released; 
 (ii) stating the Fair Value, in the judgment of the signers, of the property to be released; 
 (iii) stating the Cost of the property to be released; 
 (iv) stating that the property to be released does not constitute Funded Property or Funded Cash; 
 (v) if true, stating either (A) that the aggregate amount of the Cost or Fair Value to the Company (whichever is less) of all
Property Additions which do not constitute Funded Property (excluding the property to be released), after making deductions therefrom and additions thereto of the character contemplated by Section 103, is not less than zero (0) or
(B) that the Cost or Fair Value (whichever is less) of the property to be released does not exceed the aggregate Cost or Fair Value to the Company (whichever is less) of Property Additions acquired, made or constructed on or after the ninetieth
(90th) day prior to the date of the Company Order requesting such release; 
 (vi) if neither of the statements
contemplated in subclause (v) above can be made, stating the amount by which zero (0) exceeds the amount referred to in subclause (v)(A) above (showing in reasonable detail the calculation thereof); and 
 (vii) stating that, in the judgment of the signers, such release will not impair the security under this Indenture in contravention of the
provisions hereof; and 
 (d) if the Expert’s Certificate required by clause (c) above contains neither of the statements
contemplated in subclause (c)(v) above, an amount in cash, to be held by the Trustee as part of the Collateral, equal to the amount, if any, by which the lower of (i) the Cost or Fair Value (whichever shall be less) of the property to be
released and (ii) the amount shown in subclause (c)(vi) above exceeds the aggregate of items of the character described in subclauses (iii) and (v) of clause (d) in the first 

  

 88 

 
paragraph of Section 1803 that the Company then elects to use as a credit under this Section (subject, however, to the same limitations and conditions
with respect to such items as are set forth in Section 1803). 
 Any Outstanding Securities delivered to the Trustee pursuant to clause
(d) above and its reference to clause (d) of the first paragraph of Section 1803 shall forthwith be canceled by the Trustee. 
 SECTION
1805. Release of Minor Properties. 
 Notwithstanding the provisions of Sections 1803 and 1804, unless an Event of Default shall have
occurred and be continuing, the Company may obtain the release from the Lien hereof of any part of the Collateral, or any interest therein, and the Trustee shall whenever from time to time requested by the Company in a Company Order transmitting
therewith a form of instrument or instruments to effect such release, and without requiring compliance with any of the provisions of Section 1803 or 1804, release from the Lien hereof all the right, title and interest of the Trustee in and to
the same provided that the lower of the aggregate Cost or Fair Value of the property to be so released on any date in a given calendar year, together with all other property theretofore released pursuant to this Section in such calendar year, shall
not exceed the greater of (a) Ten Million Dollars ($10,000,000) and (b) three percent (3%) of the aggregate principal amount of Securities then Outstanding. Prior to the granting of any such release, there shall be delivered to the
Trustee (x) an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default has occurred and is continuing and (y) an Expert’s Certificate stating, in the judgment of the signers, the Cost and the Fair
Value of the property to be released, the lower of the aggregate Cost or Fair Value of all other property theretofore released pursuant to this Section in such calendar year, and that, in the judgment of the signers, the release thereof will not
impair the security under this Indenture in contravention of the provisions hereof. On or before December 31st of each calendar year, the Company shall deposit with the Trustee an amount in cash equal to the lower of the aggregate Cost or Fair
Value of the property constituting Funded Property so released during such calendar year; provided, however, that no such deposit shall be required to be made hereunder to the extent that cash or other consideration shall, as indicated in an
Officer’s Certificate delivered to the Trustee, have been deposited with the trustee or other holder of any Lien prior to the Lien of this Indenture in accordance with the provisions thereof; and provided, further, that the amount of cash so
required to be deposited may be reduced, at the election of the Company, by the items specified in clause (d) in the first paragraph of Section 1803, subject to all of the limitations and conditions specified in such Section, to the same
extent as if such property were being released pursuant to Section 1803. Any cash deposited with the Trustee under this Section may thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the
conditions, provided in Section 1806. 
 SECTION 1806. Withdrawal or Other Application of Funded Cash; Purchase Money Obligations. 
 Subject to the provisions of Section 1605 and except as hereafter in this Section provided, unless an Event of Default shall have occurred and be
continuing, any Funded Cash held by the Trustee, and any other cash which is required to be withdrawn, used or applied as provided in this Section, 
 (a) may be withdrawn from time to time by the Company to the extent of an amount equal to the Cost or the Fair Value to the Company (whichever is less) of Property Additions not constituting Funded Property, after making any deductions and
additions pursuant to Section 103, described in an Expert’s Certificate, dated not more than ninety (90) days prior to the date of the Company Order requesting such withdrawal and complying with clause (ii) and, to the extent
applicable, clause (iii) in Section 1603(b), delivered to the Trustee; provided, however, that the deductions and 

  

 89 

 
additions contemplated by Section 103 shall not be required to be made if such Property Additions were acquired, made or constructed on or after the
ninetieth (90th) day preceding the date of such Company Order; 
 (b) may be withdrawn from time to time by the Company in an amount
equal to the aggregate principal amount of Securities to the authentication and delivery of which the Company shall be entitled under the provisions of Section 1604 hereof, by virtue of compliance with all applicable provisions of such section
(except as hereinafter in this section otherwise provided); provided, however, that such withdrawal of cash shall operate as a waiver by the Company of the right to the authentication and delivery of such Securities and, to such extent, no such
Securities may thereafter be authenticated and delivered hereunder; and any such Securities which were the basis of such right to the authentication and delivery of Securities so waived shall be deemed to have been made the basis of such withdrawal
of cash; 
 (c) may be withdrawn from time to time by the Company in an amount equal to the aggregate principal amount of any Outstanding
Securities delivered to the Trustee; 
 (d) shall, upon the request of the Company, be used by the Trustee for the purchase of Securities in
the manner, at the time or times, in the amount or amounts, at the price or prices and otherwise as directed or approved by the Company, all subject to the limitations hereafter in this Section set forth; or 
 (e) shall, upon the request of the Company, be applied by the Trustee to the payment (or provision therefor pursuant to Article Eight) at Stated Maturity
of any Securities or to the redemption (or similar provision therefor) of any Securities which are, by their terms, redeemable, in each case of such series as may be designated by the Company, any such redemption to be in the manner and as provided
in Article Five and in such Securities, all subject to the limitations hereafter in this Section set forth. 
 Such moneys shall, from time
to time, be paid or used or applied by the Trustee, as aforesaid, upon the request of the Company in a Company Order, and upon receipt by the Trustee of an Officer’s Certificate stating that, to the knowledge of the signer, no Event of Default
has occurred and is continuing. If and to the extent that the withdrawal of cash is based upon Property Additions (as permitted under the provisions of clause (a) above), the Company shall, subject to the provisions of said clause (a) and
except as hereafter in this paragraph provided, comply with all applicable provisions of this Indenture as if such Property Additions were made the basis for the authentication and delivery of Securities equal in principal amount to 65% of the cash
so to be withdrawn. If and to the extent that the withdrawal of cash is based upon the right to the authentication and delivery of Securities (as permitted under the provisions of clause (b) above), the Company shall, except as hereafter in
this paragraph provided, comply with all applicable provisions of Section 1604 relating to such authentication and delivery. Notwithstanding the foregoing provisions of this paragraph, in no event shall the Company be required to deliver the
documents specified in Section 303 other than the Officer’s Certificate and Opinion of Counsel complying with the requirements of Section 104. 
 Notwithstanding the generality of clauses (d) and (e) above, no cash to be applied pursuant to such clauses shall be applied to the payment of an amount in excess of the principal amount of any Securities to
be purchased, paid or redeemed except to the extent that the aggregate principal amount of all Securities theretofore, and of all Securities then to be, purchased, paid or redeemed pursuant to such clauses is not less than the aggregate cost for
principal of, premium, if any, and accrued interest, if any, on and brokerage commissions, if any, with respect to, such Securities. 
  

 90 

 Any Outstanding Securities delivered to the Trustee pursuant to clause (c) in the first paragraph of
this Section shall, upon request by the Company, forthwith be canceled by the Trustee. 
 Any obligations secured by Purchase Money Lien
delivered to the Trustee in consideration of the release of property from the Lien of this Indenture, together with any evidence of such Purchase Money Lien held by the Trustee, shall be released from the Lien of this Indenture and delivered to or
upon the order of the Company upon payment by the Company to the Trustee of an amount in cash equal to the aggregate principal amount of such obligations less the aggregate amount theretofore paid to the Trustee (by the Company, the obligor or
otherwise) in respect of the principal of such obligations and delivery of a Company Order. 
 The principal of and interest on any such
obligations secured by Purchase Money Lien held by the Trustee shall be paid to the Trustee as and when the same become payable. The interest received by the Trustee on any such obligations shall be deemed not to constitute Funded Cash and shall be
remitted to the Company; provided, however, that if an Event of Default shall have occurred and be continuing, such proceeds shall be held as part of the Collateral until such Event of Default shall have been cured or waived. 
 The Trustee shall have and may exercise all the rights and powers of any owner of such obligations and of all substitutions therefor and, without
limiting the generality of the foregoing, may collect and receive all insurance moneys payable to it under any of the provisions thereof and apply the same in accordance with the provisions thereof, may consent to extensions thereof at a higher or
lower rate of interest, may join in any plan or plans of voluntary or involuntary reorganization or readjustment or rearrangement and may accept and hold hereunder new obligations, stocks or other securities issued in exchange therefor under any
such plan. Any discretionary action which the Trustee may be entitled to take in connection with any such obligations or substitutions therefor shall be taken, so long as no Event of Default shall have occurred and be continuing, in accordance with
a Company Order. 
 Anything herein to the contrary notwithstanding, the Company may irrevocably waive all right to the withdrawal pursuant
to this Section of, and any other rights with respect to, any obligations secured by Purchase Money Lien held by the Trustee, and the proceeds of any such obligations, by delivery to the Trustee of a Company Order: 
 (x) specifying such obligations and stating that the Company thereby waives all rights to the withdrawal thereof and of the proceeds thereof pursuant to
this Section, and any other rights with respect thereto; and 
 (y) directing that the principal of such obligations be applied as provided
in clause (e) in the first paragraph of this Section, specifying the Securities to be paid or redeemed or for the payment or redemption of which payment is to be made. 
 Following any such waiver, the interest on any such obligations shall be applied to the payment of interest, if any, on the Securities to be paid or redeemed or for the payment or redemption of which provision is to
be made, as specified in the aforesaid Company Order, as and when such interest shall become due from time to time, and any excess funds remaining from time to time after such application shall be applied to the payment of interest on any other
Securities as and when the same shall become due. Pending any such application, the interest on such obligations shall be invested in Investment Securities as shall be selected by the Company and specified in written instructions delivered to the
Trustee. The principal of any such obligations shall be applied solely to the payment of principal of the Securities to be paid or redeemed or for the payment or redemption of which provision is to be made, as 

  

 91 

 
specified in the aforesaid Company Order. Pending such application, the principal of such obligations shall be invested in Eligible Obligations as shall be
selected by the Company and specified in written instructions delivered to the Trustee. The obligation of the Company to pay the principal of such Securities when the same shall become due at maturity, shall be offset and reduced by the amount of
the proceeds of such obligations then held, and to be applied, by the Trustee in accordance with this paragraph. 
 SECTION 1807. Release of Property
Taken by Eminent Domain, etc. 
 Should any of the Collateral, or any interest therein, be taken by exercise of the power of eminent
domain or be sold to an entity possessing the power of eminent domain under a threat to exercise the same, and should the Company elect not to obtain the release of such property pursuant to other provisions of this Article, the Trustee shall, upon
request of the Company evidenced by a Company Order transmitting therewith a form of instrument or instruments to effect such release, release from the Lien hereof all its right, title and interest in and to the property so taken or sold (or with
respect to an interest in property, subordinate the Lien hereof to such interest), upon receiving (a) an Opinion of Counsel to the effect that such property has been taken by exercise of the power of eminent domain or has been sold to an entity
possessing the power of eminent domain under threat of an exercise of such power, (b) an Officer’s Certificate stating the amount of net proceeds received or to be received for such property so taken or sold, and the amount so stated shall
be deemed to be the Fair Value of such property for the purpose of any notice to the Holders of Securities, (c) if any portion of such property constitutes Funded Property, an Expert’s Certificate stating the Cost thereof (or, if the Fair
Value to the Company of such portion of such property at the time the same became Funded Property was certified to be an amount less than the Cost thereof, then such Fair Value, as so certified, in lieu of Cost) and (d) if any portion of such
property constitutes Funded Property, a deposit by the Company of an amount in cash equal to the Cost or Fair Value stated in the Expert’s Certificate delivered pursuant to clause (c) above; provided, however, that the amount required to
be so deposited shall not exceed the portion of the net proceeds received or to be received for such property so taken or sold which is allocable on a pro-rata or other reasonable basis to the portion of such property constituting Funded Property;
and provided, further, that no such deposit shall be required to be made hereunder if the proceeds of such taking or sale shall, as indicated in an Officer’s Certificate delivered to the Trustee, have been deposited with the trustee or other
holder of a Lien prior to the Lien of this Indenture. Any cash deposited with the Trustee under this Section may thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in
Section 1806. 
 SECTION 1808. Reserved. 
 SECTION
1809. Disclaimer or Quitclaim. 
 In case the Company has sold, exchanged, dedicated or otherwise disposed of, or has agreed or intends to
sell, exchange, dedicate or otherwise dispose of, or a Governmental Authority has ordered the Company to divest itself of, any Excepted Property or any other property not subject to the Lien hereof, or the Company desires to disclaim or quitclaim
title to property to which the Company does not purport to have title, the Trustee shall, from time to time, disclaim or quitclaim such property upon receipt by the Trustee of the following: 
 (a) a Company Order requesting such disclaimer or quitclaim and transmitting therewith a form of instrument to effect such disclaimer or quitclaim;

  

 92 

 (b) an Officer’s Certificate describing the property to be disclaimed or quitclaimed; and

 (c) an Opinion of Counsel stating the signer’s opinion that such property is not subject to the Lien hereof or required to be subject
thereto by any of the provisions hereof and complying with the requirements of Section 104 of this Indenture. 
 SECTION 1810. Miscellaneous. 

 (a) The Expert’s Certificate as to the Fair Value of property to be released from the Lien of this Indenture in accordance with any
provision of this Article, and as to the non-impairment, by reason of such release, of the security under this Indenture in contravention of the provisions hereof, shall be made by an Independent Expert if the Fair Value of such property and of all
other property released since the commencement of the then current calendar year, as set forth in the certificates required by this Indenture, is ten percent (10%) or more of the aggregate principal amount of the Securities at the time
Outstanding; but such Expert’s Certificate shall not be required to be made by an Independent Expert in the case of any release of property if the Fair Value thereof, as set forth in the certificates required by this Indenture, is less than
Twenty-five Thousand Dollars ($25,000) or less than one percent (1%) of the aggregate principal amount of the Securities at the time Outstanding. To the extent that the Fair Value of any property to be released from the Lien of this Indenture
shall be stated in an Independent Expert’s Certificate, such Fair Value shall not be required to be stated in any other Expert’s Certificate delivered in connection with such release. 
 (b) No release of property from the Lien of this Indenture effected in accordance with the provisions, and in compliance with the conditions, set forth
in this Article and in Sections 104 and 105 shall be deemed to impair the security of this Indenture in contravention of any provision hereof. 
 (c) If the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers hereinbefore conferred upon the Company with respect to the release of any part of the Collateral or any interest therein or the
withdrawal of cash may be exercised, with the approval of the Trustee, by such receiver or trustee, notwithstanding that an Event of Default may have occurred and be continuing, and any request, certificate, appointment or approval made or signed by
such receiver or trustee for such purposes shall be as effective as if made by the Company or any of its officers or appointees in the manner herein provided; and if the Trustee shall be in possession of the Collateral under any provision of this
Indenture, then such powers may be exercised by the Trustee in its discretion notwithstanding that an Event of Default may have occurred and be continuing. 
 (d) If the Company shall retain any interest in any property released from the Lien of this Indenture as provided in Section 1803, 1804 or 1805, this Indenture shall not become or be, or be required to become or
be, a Lien upon such property or such interest therein or any improvements, extensions or additions to such property or renewals, replacements or substitutions of or for such property or any part or parts thereof unless the Company shall execute and
deliver to the Trustee an indenture supplemental hereto, in recordable form, containing a grant, conveyance, transfer and mortgage thereof. As used in this subsection, the terms “improvements”, “extensions” and
“additions” shall be limited as set forth in Section 1201. 
 (e) No purchaser or grantee of property purporting to have been
released hereunder shall be bound to ascertain the authority of the Trustee to execute the instrument or instruments of release, or to inquire as to any facts required by the provisions hereof for the exercise of such authority; nor shall any
purchaser or grantee of any property or rights permitted by this Article to be sold, granted, exchanged, dedicated or otherwise disposed of, be under obligation to ascertain or inquire into the authority of the Company to make any such sale, grant,
exchange, dedication or other disposition. 
  

 93 

 (f) If (1) any property to be released from the Lien of this Indenture under any provision of this
Article (other than Section 1807) is subject to a Lien prior to the Lien hereof and is to be sold, exchanged, dedicated or otherwise disposed of subject to such prior Lien and (2) after such release, such prior Lien will not be a Lien on
any property subject to the Lien hereof, then the Fair Value of such property to be released shall be deemed, for all purposes of this Indenture, to be the value thereof unencumbered by such prior Lien less the principal amount of the indebtedness
secured by such prior Lien. 
 SECTION 1811. Reserved. 
 SECTION 1812. Preservation of Lien. 
 The Company shall maintain and preserve the Lien of this Indenture so long as any
Securities shall remain Outstanding, subject, however, to the provisions of Article Thirteen and Article Eighteen. 
 SECTION 1813. Maintenance of
Properties. 
 The Company shall cause (or, with respect to property owned in common with others, make reasonable effort to cause) the
Collateral, considered as a whole, to be maintained and kept in good condition, repair and working order and shall cause (or, with respect to property owned in common with others, make reasonable effort to cause) to be made such repairs, renewals,
replacements, betterments and improvements thereof, as, in the judgment of the Company, may be necessary in order that the operation of the Collateral, considered as a whole, may be conducted in accordance with common industry practice; provided,
however, that nothing in this Section shall prevent the Company from discontinuing, or causing the discontinuance of, the operation and maintenance of any portion of the Collateral if such discontinuance is in the judgment of the Company desirable
in the conduct of its business; and provided, further, that nothing in this Section shall prevent the Company from selling, transferring or otherwise disposing of, or causing the sale, transfer or other disposition of, any portion of the Collateral
in compliance with the other Articles of this Indenture. 
 SECTION 1814. Payment of Taxes; Prior or Equal Liens. 
 The Company shall pay all taxes and assessments and other governmental charges lawfully levied or assessed upon the Collateral, or upon any part thereof,
or upon the interest of the Trustee in the Collateral, before the same shall become delinquent, and shall observe and conform in all material respects to all valid requirements of any Governmental Authority relative to the Collateral and all
covenants, terms and conditions upon or under which any of the Collateral is held; and the Company shall not suffer any Lien to be created upon the Collateral, or any part thereof, prior to or on parity with the Lien of this Indenture, other than
Permitted Liens; provided, however, that nothing in this Section contained shall require the Company (i) to observe or conform to any requirement of Governmental Authority or to cause to be paid or discharged, or to make provision for, any such
Lien, or to pay any such tax, assessment or governmental charge so long as the validity thereof shall be contested in good faith and by appropriate legal proceedings or (ii) to pay, discharge or make provisions for any tax, assessment or other
governmental charge, the validity of which shall not be so contested if adequate security for the payment of such tax, assessment or other governmental charge and for any penalties or interest which may reasonably be anticipated from failure to pay
the same shall be given to the Trustee; and provided, 

  

 94 

 
further, that nothing in this Section shall prohibit the issuance or other incurrence of additional indebtedness, or the refunding of outstanding
indebtedness, secured by any Lien prior to or on a parity with the Lien hereof which is permitted under this Section to continue to exist. 
 SECTION
1815. Insurance. 
 (a) The Company shall (i) keep or cause to be kept all the Collateral insured against loss by fire, to the extent
that property of similar character is usually so insured by companies similarly situated and operating like properties, to a reasonable amount, by reputable insurance companies, the proceeds of such insurance (except as to any loss of Excepted
Property and except as to any particular loss less than the greater of (A) Twenty Million Dollars ($20,000,000) and (B) three percent (3%) of the principal amount of Securities Outstanding on the date of such particular loss) to be
made payable, subject to applicable law, to the Trustee as the interest of the Trustee may appear, or to the trustee or other holder of any Lien prior hereto upon property subject to the Lien hereof, if the terms thereof require such payment, or to
the manager or representative of the owners of jointly-owned property if the terms of such joint ownership require such payment or (ii) in lieu of or supplementing such insurance in whole or in part, adopt some other method or plan of
protection against loss by fire at least equal in protection to the method or plan of protection against loss by fire of companies similarly situated and operating properties subject to similar fire hazards or properties on which an equal primary
fire insurance rate has been set by reputable insurance companies; and if the Company shall adopt such other method or plan of protection, it shall, subject to applicable law (and except as to any loss of Excepted Property and except as to any
particular loss less than the greater of (X) Twenty Million Dollars ($20,000,000) and (Y) three percent (3%) of the principal amount of Securities Outstanding on the date of such particular loss) pay to the Trustee on account of any
loss covered by such method or plan an amount in cash equal to the amount of such loss less any amounts otherwise paid to the Trustee in respect of such loss or paid to the trustee or other holder of any Lien prior hereto upon property subject to
the Lien hereof in respect of such loss if the terms thereof require such payment, or paid to the manager or representative of the owners of jointly-owned property if the terms of such joint ownership require such payment. Any cash so required to be
paid by the Company pursuant to any such method or plan shall for the purposes of this Indenture be deemed to be proceeds of insurance. In case of the adoption of such other method or plan of protection, the Company shall furnish to the Trustee a
certificate of an actuary or other qualified person appointed by the Company with respect to the adequacy of such method or plan. 
 Anything
herein to the contrary notwithstanding, the Company may have fire insurance policies with (i) a deductible provision in a dollar amount per occurrence not exceeding the greater of (A) Twenty Million Dollars ($20,000,000) and (B) three
percent (3%) of the principal amount of the Securities Outstanding on the date such policy goes into effect, and/or (ii) co-insurance or self insurance provisions with a dollar amount per occurrence not exceeding thirty percent
(30%) of the loss proceeds otherwise payable; provided, however, that the dollar amount described in clause (i) above may be exceeded to the extent such dollar amount per occurrence is below the deductible amount in effect as to fire
insurance (X) on property of similar character insured by companies similarly situated and operating like property or (Y) on property as to which an equal primary fire insurance rate has been set by reputable insurance companies.

 (b) All moneys paid to the Trustee by the Company in accordance with this Section or received by the Trustee as proceeds of any insurance,
in either case on account of a loss on or with respect to Funded Property, shall, subject to any Lien prior hereto upon property subject to the Lien hereof, be held by the Trustee and, subject as aforesaid, shall be paid by it to the Company to
reimburse the Company for an equal amount expended or committed for expenditure in the rebuilding, renewal and/or replacement of or substitution for the property destroyed or damaged, upon receipt by the Trustee of: 
 (i) a Company Request requesting such payment, 
  

 95 

 (ii) an Expert’s Certificate: 
 (A) describing the property so damaged or destroyed; 
 (B) stating the Cost of such property (or, if the Fair Value to the Company of such property at the time the same became Funded Property
was certified to be an amount less than the Cost thereof, then such Fair Value, as so certified, in lieu of Cost) or, if such damage or destruction shall have affected only a portion of such property, stating the allocable portion of such Cost or
Fair Value; 
 (C) stating the amounts so expended or committed for expenditure in the rebuilding, renewal, replacement of
and/or substitution for such property; and 
 (D) stating the Fair Value to the Company of such property as rebuilt or
renewed or as to be rebuilt or renewed and/or of the replacement or substituted property, and if 
 (a) within six months
prior to the date of acquisition thereof by the Company, such property has been used or operated, by a person or persons other than the Company, in a business similar to that in which it has been or is to be used or operated by the Company, and

 (b) the Fair Value to the Company of such property as set forth in such Expert’s Certificate is not less than
Twenty-five Thousand Dollars ($25,000) and not less than one percent (1%) of the aggregate principal amount of the Securities at the time Outstanding, 
 the Expert making the statement required by this clause (D) shall be an Independent Expert, and 
 (iii) an Opinion of Counsel stating that, in the opinion of the signer, the property so rebuilt or renewed or to be rebuilt or renewed, and/or the replacement property, is or will be subject to the Lien hereof. 
 Any such moneys not so applied within thirty-six (36) months after its receipt by the Trustee, or in respect of which notice in writing of intention
to apply the same to the work of rebuilding, renewal, replacement or substitution then in progress and uncompleted shall not have been given to the Trustee by the Company within such thirty-six (36) months, or which the Company shall at any
time notify the Trustee is not to be so applied, shall thereafter be withdrawn, used or applied in the manner, to the extent and for the purposes, and subject to the conditions, provided in Section 1806; provided, however, that if the amount of
such moneys shall exceed the amount stated pursuant to clause (B) in the Expert’s Certificate referred to above, the amount of such excess shall not be deemed to be Funded Cash, shall not be subject to Section 1806 and shall be
remitted to or upon the order of the Company upon the withdrawal, use or application of the balance of such moneys pursuant to Section 1806. 
  

 96 

 Anything in this Indenture to the contrary notwithstanding, if property on or with respect to which a
loss occurs constitutes Funded Property in part only, the Company may, at its election, obtain the reimbursement of insurance proceeds attributable to the part of such property which constitutes Funded Property under this subsection (b) and
obtain the reimbursement of insurance proceeds attributable to the part of such property which does not constitute Funded Property under subsection (c) of this Section. 
 (c) All moneys paid to the Trustee by the Company in accordance with this Section or received by the Trustee as proceeds of any insurance, in either case
on account of a loss on or with respect to property which does not constitute Funded Property, shall, subject to the requirements of any Lien prior hereto upon property subject to the Lien hereof, be held by the Trustee and, subject as aforesaid,
shall be paid by it to the Company upon receipt by the Trustee of: 
 (i) a Company Request requesting such payment;

 (ii) an Expert’s Certificate stating: 
 (A) that such moneys were paid to or received by the Trustee on account of a loss on or with respect to property which does not
constitute Funded Property; and 
 (B) if true, either (I) that the aggregate amount of the Cost or Fair Value to the
Company (whichever is less) of all Property Additions which do not constitute Funded Property (excluding, to the extent of such loss, the property on or with respect to which such loss was incurred), after making deductions therefrom and additions
thereto of the character contemplated by Section 103, is not less than zero (0) or (II) that the amount of such loss does not exceed the aggregate Cost or Fair Value to the Company (whichever is less) of Property Additions acquired, made
or constructed on or after the ninetieth (90th) day prior to the date of the Company Request requesting such payment; or 
 (C) if neither of the statements contemplated in subclause (B) above can be made, the amount by which zero (0) exceeds the amount referred to in subclause (B)(I) above (showing in reasonable detail the calculation thereof); and

 (iii) if the Expert’s Certificate required by clause (ii) above contains neither of the statements contemplated
in clause (ii)(B) above, an amount in cash, to be held by the Trustee as part of the Collateral, equal to the amount shown in clause (ii)(C) above. 
 To the extent that the Company shall be entitled to withdraw proceeds of insurance pursuant to this subsection (c), such proceeds shall be deemed not to constitute Funded Cash. 
 (d) Whenever under the provisions of this Section the Company is required to deliver moneys to the Trustee and at the same time shall have satisfied the
conditions set forth herein for payment of moneys by the Trustee to the Company, there shall be paid to or retained by the Trustee or paid to the Company, as the case may be, only the net amount. 
  

 97 

 SECTION 1816. Recording, Filing, etc. 
 The Company shall cause this Indenture and all indentures and instruments supplemental hereto (or notices, memoranda or financing statements as may be
recorded or filed to place third parties on notice thereof) to be promptly recorded and filed and re-recorded and re-filed in such manner and in such places, as may be required by law in order fully to preserve and protect the security of the
Holders of the Securities and all rights of the Trustee, and shall furnish to the Trustee: 
 (a) promptly after the execution and delivery
of this Indenture and of each supplemental indenture, an Opinion of Counsel either stating that in the opinion of such counsel this Indenture or such supplemental indenture (or any other instrument, resolution, certificate, notice, memorandum or
financing statement in connection therewith) has been properly recorded and filed, so as to make effective the Lien intended to be created hereby or thereby, and reciting the details of such action, or stating that in the opinion of such counsel no
such action is necessary to make such Lien effective. The Company shall be deemed to be in compliance with this subsection (a) if (i) the Opinion of Counsel herein required to be delivered to the Trustee shall state that this Indenture or
such supplemental indenture (or any other instrument, resolution, certificate notice, memorandum or financing statement in connection therewith) has been received for record or filing in each jurisdiction in which it is required to be recorded or
filed and that, in the opinion of such counsel (if such is the case), such receipt for record or filing makes effective the Lien intended to be created by this Indenture or such supplemental indenture, and (ii) such opinion is delivered to the
Trustee within such time, following the Execution Date or such supplemental indenture, as shall be practicable having due regard to the number and distance of the jurisdictions in which this Indenture or such supplemental indenture (or such other
instrument, resolution, certificate, notice, memorandum or financing statement in connection therewith) is required to be recorded or filed; and 
 (b) on or before April 30 of each year, beginning April 30, 2010, an Opinion of Counsel stating either (i) that in the opinion of such counsel such action has been taken, since the date of the most recent Opinion of Counsel
furnished pursuant to this subsection (b) or the first Opinion of Counsel furnished pursuant to subsection (a) of this Section, with respect to the recording, filing, re-recording, and re-filing of this Indenture and of each indenture
supplemental to this Indenture (or any other instrument, resolution, certificate, notice, memorandum or financing statement in connection therewith), as is necessary to maintain the effectiveness of the Lien hereof, and reciting such action, or
(ii) that in the opinion of such counsel no such action is necessary to maintain the effectiveness of such Lien. 
 The Company shall
execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as may be necessary or proper to carry out the purposes of this Indenture and to make subject to the Lien hereof any property
hereafter acquired, made or constructed and intended to be subject to the Lien hereof, and to transfer to any new trustee or trustees or co-trustee or co-trustees, the estate, powers, instruments or funds held in trust hereunder. 
  
  
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument. 
  

 98 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the day and
year first above written. 
  

			
	BALTIMORE GAS AND ELECTRIC COMPANY
		
	By:	 	 /s/ Christopher J. Budzynski

	Name:	 	Christopher J. Budzynski
	Title:	 	Vice President and Treasurer

  

	
	Executed by Baltimore Gas and Electric Company in the presence of:
	
	 /s/ Sean Klein

	
	 /s/ Kim Poor

  

 99 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee
		
	By:	 	 /s/ Annie V. Jaghatspanyan

	Name:	 	Annie V. Jaghatspanyan
	Title:	 	Vice President
		
	And:	 	 /s/ Wanda Camacho

	Name:	 	Wanda Camacho
	Title:	 	Vice President

  

	
	Executed by Deutsche Bank Trust Company Americas in the presence of:
	
	 /s/ Jennifer Davis

	
	 /s/ Annabelle Roa

  

 100 

					
	STATE OF MARYLAND	  	)	  	
		  	)	  	SS.:
	CITY/COUNTY OF ANNE ARUNDEL	  	)	  	

 On this 8th day of July, 2009, before me, a Notary Public within and for said City/County,
personally appeared Christopher J. Budzynski, to me personally known to be Vice President and Treasurer of BALTIMORE GAS AND ELECTRIC COMPANY, a Maryland corporation, the corporation which executed the within instrument, and who, being by me duly
sworn, did say that he is Vice President and Treasurer of BALTIMORE GAS AND ELECTRIC COMPANY, the corporation named in the foregoing instrument; that said instrument was signed in behalf of said corporation by authority of its Board of Directors;
and said Christopher J. Budzynski acknowledged to me said instrument to be the free act and deed of said corporation, and that said corporation executed the same. 
  

	
	 /s/ Cathy Crouse

	Notary Public, State of Maryland
	Commission Expires: 1/1/2010

  

 101 

					
	STATE OF NEW YORK	  	)	  	
		  	)	  	ss.:
	COUNTY OF NEW YORK	  	)	  	

 On this 6th day of July, 2009, before me, a notary public, the undersigned officer, personally
appeared Annie V. Jaghatspanyan and Wanda Camacho, each of whom acknowledges that she is a Vice President of DEUTSCHE BANK TRUST COMPANY AMERICAS and that she, as such officer, being authorized to do so, executed the foregoing instrument for the
purposes therein contained, by signing the name of the corporation by herself as such officer. 
 In witness whereof, I hereunto set my hand
and official seal. 
  

	
	 /s/ Michael N. Schoenfeld

	  

	Notary Public, State of New York
	Commission Expires                     

  

	
	
	
	 MICHAEL N. SCHOENFELD
 NOTARY PUBLIC STATE OF NEW YORK
 NEW YORK COUNTY
 LIC. #01SC6179122
 COMMISSION EXPIRES
12/24/2011

	

  

 102Exhibit 4(u)(1)

 Exhibit 4(u)(1) 
 BALTIMORE GAS AND ELECTRIC COMPANY 
 FORM OF OFFICER’S CERTIFICATE 
 [1-B-1] 
 Establishing the Form and
Certain Terms of the 
     % Senior Secured Bonds due 20     
 The undersigned, [NAME OF OFFICER], [POSITION HELD], an Authorized Officer of Baltimore Gas and Electric Company (the “Company”) (all
capitalized terms used herein which are not defined herein but are defined in the Indenture referred to below, shall have the meanings specified in the Indenture), pursuant to a Board Resolution dated
            , 20     and Sections 201 and 301 of the Indenture, does hereby certify to Deutsche Bank Trust Company Americas (the “Trustee”), as Trustee under
the Indenture and Security Agreement of the Company dated as of July 9, 2009 (the “Indenture”) that: 
  

	1.	The Securities of the first series to be issued under the Indenture (the “Bonds”) shall be issued in a series designated “    % Senior Secured
Bonds due 20    ”; the Bonds shall be in substantially the form set forth in Exhibit A hereto; the Bonds shall initially be issued in the aggregate principal amount of
$            ; however, the aggregate principal amount of Bonds which may be authenticated and delivered under the Indenture is unlimited; and the Bonds issued on the original issue date
and any additional Bonds issued thereafter shall be considered one and the same series of Securities under the Indenture; 

  

	2.	The Bonds shall mature and the principal shall be due and payable together with all accrued and unpaid interest thereon on
            , 20    , and the Company shall not have any right to extend the Maturity of the Bonds as contemplated in Section 301(d) of the Indenture;

  

	3.	The Bonds shall bear interest as provided in the form thereof set forth in Exhibit A hereto; the Interest Payment Dates for the Bonds shall be
             and              of each year, commencing             ,
20    ; 

  

	4.	Each installment of interest on the Bonds shall be payable as provided in the form thereof set forth in Exhibit A hereto; the Company shall not have any right to extend any
interest payment periods for the Bonds as contemplated in Section 301(e) of the Indenture; 

  

	5.	The principal of, premium, if any, and each installment of interest on the Bonds shall be payable, and registration of transfers and exchanges in respect of the Bonds may be
effected, at the office or agency of the Company in The City of New York and as otherwise provided in the form of Bond set forth in Exhibit A hereto; and notices and demands to or upon the Company in respect of the Bonds may be served at the
office or agency of the Company in The City of New York; the Corporate Trust Office of the Trustee will initially be the agency of the Company for such payment, registration of transfers and exchanges and service of notices and demands, and the
Company hereby appoints the Trustee as its agent for all such purposes; and the Trustee will initially be the Security Registrar and the Paying Agent for the Bonds; provided, however, that the Company reserves the right to change, by
one or more Officer’s Certificates, any such office or agency and such agent; 

  

	6.	The Regular Record Dates for the interest payable on any given Interest Payment Date with respect to the Bonds shall be
             for the              Interest Payment Date and
             for the              Interest Payment Date; 

	7.	The Bonds are subject to redemption as provided in the form thereof set forth in Exhibit A hereto; 

  

	8.	No service charge shall be made for the registration of transfer or exchange of the Bonds; provided, however, that the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection with the exchange or transfer; 

  

	9.	The Bonds shall be initially issued in global form registered in the name of Cede & Co. (as nominee for The Depository Trust Company (“DTC”)); provided,
that the Company reserves the right to provide for another depository, registered as a clearing agency under the Exchange Act, to act as depository for the global Bonds (DTC and any such successor depository, the “Depository”); beneficial
interests in Bonds issued in global form may not be exchanged in whole or in part for individual certificated Bonds in definitive form, and no transfer of a global Bond in whole or in part may be registered in the name of any Person other than the
Depository or its nominee except that (i) if the Depository (A) has notified the Company that it is unwilling or unable to continue as depository for the global Bonds or (B) has ceased to be a clearing agency registered under the
Exchange Act and, in either case, a successor depository for such global Bonds has not been appointed by the Company within ninety (90) days after the Company receives such notice or becomes aware of such condition, as the case may be,
(ii) the Company executes and delivers to the Trustee an Officer’s Certificate providing that the global Bonds shall be so exchangeable or (iii) there shall have occurred and be continuing an Event of Default with respect to the
Bonds, in each case, the Company will execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Bonds, will authenticate and deliver Bonds in definitive certificated form in an aggregate principal
amount equal to the principal amount of the global Bonds representing such Bonds in exchange for such global Bonds, such definitive Bonds to be registered in the names provided by the Depository; each global Bond (i) shall represent and shall
be denominated in an amount equal to the aggregate principal amount of the outstanding Bonds to be represented by such global Bond (ii) shall be registered in the name of the Depository or its nominee, (iii) shall be delivered by the
Trustee to the Depository, its nominee, any custodian for the Depository or otherwise pursuant to the Depository’s instruction and (iv) shall bear a legend restricting the transfer of such global Bond to any person other than the
Depository or its nominee; none of the Company, the Trustee, any Paying Agent or any Authenticating Agent will have any responsibility or liability for any aspect of the records relating to, or payments made on account of, beneficial ownership
interests in a global Bond or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests; the Bonds in global form will contain restrictions on transfer, substantially as described in the form set forth in
Exhibit A hereto; 

  

	10.	None of the Trustee, the Security Registrar, any Paying Agent or the Company shall have any liability for any acts or omissions of the Depository, for any transfers of beneficial
interests in the Bonds, for any Depository records of beneficial interests, for any transactions between the Depository and beneficial owners or in respect of any transfers effected by the Depository or by any participant members of the Depository
or any beneficial owner of any interest in any Bonds held through any such participant member of the Depository; 

  

 -2- 

	11.	If the Company shall make any deposit of money and/or Eligible Obligations with respect to any Bonds, or any portion of the principal amount thereof, as contemplated by
Section 801 of the Indenture, the Company shall not deliver an Officer’s Certificate described in clause (z) in the first paragraph of said Section 801 unless the Company shall also deliver to the Trustee, together with such
Officer’s Certificate, either: 

 (A) an instrument wherein the Company, notwithstanding the satisfaction and discharge of
its indebtedness in respect of such Bonds, shall assume the obligation (which shall be absolute and unconditional) to irrevocably deposit with the Trustee or Paying Agent such additional sums of money, if any, or additional Eligible Obligations
(meeting the requirements of Section 801), if any, or any combination thereof, at such time or times, as shall be necessary, together with the money and/or Eligible Obligations theretofore so deposited, to pay when due the principal of and
premium, if any, and interest due and to become due on such Bonds or portions thereof, all in accordance with and subject to the provisions of said Section 801; provided, however, that such instrument may state that the obligation
of the Company to make additional deposits as aforesaid shall be subject to the delivery to the Company by the Trustee of a notice asserting the deficiency accompanied by an opinion of an independent public accountant of nationally recognized
standing, selected by the Trustee, showing the calculation thereof; or 
 (B) an Opinion of Counsel to the effect that, as a result of a
change in law occurring after the date of this certificate, the Holders of such Bonds, or portions of the principal amount thereof, will not recognize income, gain or loss for United States federal income tax purposes as a result of the satisfaction
and discharge of the Company’s indebtedness in respect thereof and will be subject to United States federal income tax on the same amounts, at the same times and in the same manner as if such satisfaction and discharge had not been effected.

  

	12.	The Eligible Obligations with respect to the Bonds shall be Government Obligations; 

  

	13.	The Bonds shall have such other terms and provisions as are provided in the form set forth in Exhibit A hereto; 

  

	14.	No Event of Default under the Indenture has occurred or is occurring; 

  

	15.	The undersigned has read all of the covenants and conditions contained in the Indenture, and the definitions in the Indenture relating thereto, relating to the issuance and
authentication and delivery of the Bonds and in respect of compliance with which this certificate is made; 

  

	16.	The statements contained in this certificate are based upon the familiarity of the undersigned with the Indenture, the documents accompanying this certificate, and upon discussions
by the undersigned with officers and employees of the Company familiar with the matters set forth herein; 

  

	17.	In the opinion of the undersigned, [he/she] has made such examination or investigation as is necessary to enable [him/her] to express an informed opinion as to whether or not such
covenants and conditions have been complied with; and 

  

	18.	In the opinion of the undersigned, such conditions and covenants, and all conditions precedent provided for in the Indenture (including any covenants compliance with which
constitutes a condition precedent) relating to the authentication and delivery of the Bonds requested in the accompanying Company Order have been complied with. 

  

 -3- 

 IN WITNESS WHEREOF, I have executed this Officer’s Certificate this      day of
            , 20    . 
  

			
	By:	 	  

	Name:	 	
	Title:	 	

  

 -4- 

 Exhibit A 
 [FORM OF BOND] 
 [Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation (“DTC”), to Baltimore Gas and Electric Company, or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co.
or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.] 
  

			
	No.                     	  	CUSIP No.
		
	MATURITY DATE:                     	  	PRINCIPAL AMOUNT:                     

 BALTIMORE GAS AND ELECTRIC COMPANY 
     % SENIOR SECURED BONDS DUE 20     
 BALTIMORE GAS AND ELECTRIC COMPANY, a corporation duly organized and existing under the laws of the State of Maryland (herein referred to as the “Company,” which term includes any successor Person under the
Indenture referred to below), for value received, hereby promises to pay to 
 or registered assigns, the principal amount specified above on the Maturity
Date set forth above and to pay interest on the unpaid principal hereof and on any overdue interest from and including             , 20     or from and including the
most recent interest payment date to which interest has been paid or duly provided for semi-annually on              and
             of each year, commencing             , 20     and on the Maturity Date (each, an “Interest
Payment Date”), at the rate of     % per annum (the “Interest Rate”) to but excluding the date on which the principal hereof is paid or made available for payment. In the event that any Interest Payment Date is not
a Business Day, then payment of interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of such delay) with the same force and effect as if made on the
Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on              for the              Interest Payment Date and on
             for the              Interest Payment Date (each a “Regular Record Date”) immediately preceding such
Interest Payment Date, except that interest payable at Maturity will be payable to the Person to whom principal shall be paid. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by
the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture referred to herein. 
  

 A-1 

 Payment of the principal of (and premium, if any) and interest at Maturity on this Security shall be made
upon presentation of this Security at the office or agency of the Company maintained for that purpose in The City of New York, in the State of 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; provided, however, that, at the option of the Company, interest on this Security (other than interest payable at Maturity) may be paid by check mailed to the address of the person
entitled thereto, as such address shall appear on the Security Register, and provided, further, that if such person is a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed upon by
the Company, the Trustee and such person. 
 All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture and in the Officer’s Certificate establishing the terms of the Securities of this series (the “Series Officer’s Certificate”). 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one
or more series under an Indenture dated as of July 9, 2009 (herein, together with any amendments or supplements thereto, called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company
and Deutsche Bank Trust Company Americas, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture, for a description of the Collateral, the
nature and extent of the security, the conditions upon which the Lien of the Indenture may be released and to the Indenture, Board Resolutions and Officer’s Certificate creating the series designated on the face hereof, for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. The acceptance of
this Security shall be deemed to constitute the consent and agreement by the Holder thereof to all of the terms and provisions of the Indenture. This Security is one of the series designated on the face hereof. 
 [REDEMPTION PROVISIONS TO BE INSERTED] 
 Notice of redemption (other than at the option of the Holder) shall be given by mail to Holders of Securities, not less than 30 days prior to the date fixed for redemption, all as provided in the Indenture. As provided in the Indenture,
notice of redemption at the election of the Company as aforesaid may state that such redemption shall be conditional upon the receipt by the applicable Paying Agent or Agents of money sufficient to pay the principal of and premium, if any, and
interest, if any, on this Security on or prior to the date fixed for such redemption; a notice of redemption so conditioned shall be of no force or effect if such money is not so received and, in such event, the Company shall not be required to
redeem this Security. 
 In the event of redemption of this Security in part only, a new Security or Securities of this series of like tenor
representing the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture
contains provisions for defeasance at any time of the entire indebtedness of this Security upon compliance with certain conditions set forth in the Indenture and the Series Officer’s Certificate. 
  

 A-2 

 If an Event of Default with respect to Securities of this series shall occur and be continuing, the
principal of the Securities of this series may be declared due and payable 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 the Securities of this series at any time by the
Company and the Trustee with the consent of the Holders of a majority in aggregate principal amount of the Securities of all series at the time Outstanding to be directly affected thereby. The Indenture also contains provisions permitting the
Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all 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 Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security 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 Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or
trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of a majority in aggregate principal
amount of the Securities of all series at the time Outstanding in respect of which an Event of Default shall have occurred and be continuing shall have made written request to the Trustee to institute proceedings in respect of such Event of Default
as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in aggregate principal amount of Securities of all series at the time Outstanding in respect of which an Event of Default
shall have occurred and be continuing a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any
suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and integral multiples of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein and herein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor and of authorized
denominations, as requested 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. 
 The Company shall not be required to execute and the Security Registrar shall not be required to register the transfer of or exchange of (a) Securities of this series during a period of 15 days immediately preceding the date notice is
given identifying the serial numbers of the Securities of this series called for redemption or (b) any Security so selected for redemption in whole or in part, except the 

  

 A-3 

 
unredeemed portion of any Security being redeemed in part. The Company shall not be required to make transfers or exchanges of the Securities of this series
for a period of 15 days next preceding an Interest Payment Date. 
 The Company, the Trustee and any agent of the Company or the Trustee may
treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 This Security shall be governed by and construed in accordance with the laws of the State of New York (including without limitation
Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the Trust Indenture Act shall be applicable. 
 As provided in the Indenture, no recourse shall be had for the payment of the principal of or premium, if any, or interest on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect
thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under the Indenture, against, and no personal liability whatsoever shall attach to, or be incurred by, any incorporator, shareholder, member, limited
partner, officer, manager or director, as such, past, present or future of the Company or of any predecessor or successor of the Company (either directly or through the Company or a predecessor or successor of the Company), whether by virtue of any
constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Securities are solely corporate obligations and that any such
personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to herein by manual signature, this Security shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
  

 A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  

			
	BALTIMORE GAS AND ELECTRIC COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

 [FORM OF CERTIFICATE OF AUTHENTICATION] 
 CERTIFICATE OF AUTHENTICATION 
 This is one
of the Securities of the series designated therein referred to in the within-mentioned Indenture. 
 Dated:
                     
  

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 A-5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]