NOW, THEREFORE, THIS TENTH SUPPLEMENTAL INDENTURE WITNESSETH:
That in consideration of the premises and of the acceptance and purchase of the Bonds by the holders thereof and of the acceptance of this trust by the Trustee, the Company covenants and agrees with the Trustee, for the equal benefit of the holders of the Bonds, as follows:
Unless otherwise defined herein, the use of the terms and expressions herein is in accordance with the definitions, uses and constructions contained in the Base Indenture and the form of Bonds attached hereto as Exhibit A.
TERMS AND ISSUANCE OF THE BONDS
Section 2.01 Issue of Bonds. A series of first mortgage bonds, which shall be designated the 2.70% First Mortgage Bonds due 2052 shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the terms, conditions and covenants of the Base Indenture and this Tenth Supplemental Indenture (including the form of Bonds set forth in Exhibit A).
Section 2.02 Optional Redemption. The Bonds may be redeemed, in whole or in part, at the option of the Company pursuant to the terms set forth in Annex 1 to the Bonds to be redeemed. The provisions of Article IX of the Base Indenture shall also apply to any optional redemption of Bonds by the Company.
Section 2.03 Defeasance and Discharge. The provisions of Article XVIII of the Base Indenture shall be applicable to the Bonds.
Section 2.04 Place of Payment. The Place of Payment in respect of the Bonds will be initially at the Corporate Trust Office of The Bank of New York Mellon Trust Company, N.A. (which as of the date hereof is located at 2 N. LaSalle Street, Suite 700, Chicago, Illinois 60602, Attention: Corporate Trust Administration).
Section 2.05 Form of Bonds; Incorporation of Terms. The form of the Bonds shall be substantially in the form of Exhibit A, the terms of which are herein incorporated by reference and which are part of this Tenth Supplemental Indenture. The Bonds shall be issued in global form as permitted by Section 2.01(c)(xviii) of the Base Indenture. The Bonds issued in global form shall be delivered by the Trustee to the Depositary, as the Holder thereof, or a nominee or custodian therefor, to be held by or on behalf of the Depositary in accordance with the Base Indenture.
Section 2.06 Exchange of the Bonds Issued in Global Form. The Bonds issued in global form shall be exchangeable for definitive Bonds only as provided in Section 2.06 of the Base Indenture.
Section 2.07 Regular Record Date for the Bonds. The Regular Record Date for the Bonds shall be January 15 or July 15 (whether or not a Business Day) immediately prior to each Interest Payment Date.
Section 2.08 Authorized Denominations. Beneficial interests in the Bonds issued in global form, as well as definitive Bonds, may be held only in denominations of $2,000 and integral multiples of $1,000 in excess thereof.