SUPPLEMENTAL INDENTURE NO. 21
SUPPLEMENTAL INDENTURE No. 21 dated as of September 1, 2019, made and entered into by and between PPL ELECTRIC UTILITIES CORPORATION, a corporation of the Commonwealth of Pennsylvania, having its principal corporate offices at Two North Ninth Street, Allentown, Pennsylvania 18101 (hereinafter sometimes called the Company), and THE BANK OF NEW YORK MELLON, a New York banking corporation, having its corporate trust office at 240 Greenwich Street, 7th Floor, New York, New York 10286 (hereinafter sometimes called the Trustee), as Trustee under the Indenture, dated as of August 1, 2001 (hereinafter called the Original Indenture), this Supplemental Indenture No. 21 being supplemental thereto. The Original Indenture and any and all indentures and instruments supplemental thereto are hereinafter sometimes collectively called the Indenture.
RECITALS OF THE COMPANY
The Original Indenture was authorized, executed and delivered by the Company to provide for the issuance from time to time of its Securities (such term and all other capitalized terms used herein without definition having the meanings assigned to them in the Original Indenture), to be issued in one or more series as contemplated therein, and to provide security for the payment of the principal of and premium, if any, and interest, if any, on such Securities.
The Company has heretofore executed and delivered to the Trustee Supplemental Indentures for the purposes recited therein and for the purpose of creating series of Securities as set forth in Schedule A hereto.
Pursuant to Article Three of the Original Indenture, the Company wishes to establish a Twenty-Third series of Securities, such series of Securities to be hereinafter sometimes called Securities of the Twenty-Third Series.
Pursuant to clauses (d) and (f) of Section 1301 and clause (g) of Section 301 of the Original Indenture, the Company wishes to modify the period during which notices of redemption may be sent with respect to the Securities of the Twenty-Third Series.
As contemplated in Section 301 of the Original Indenture, the Company further wishes to establish the designation and certain terms of the Securities of the Twenty-Third Series. The Company has duly authorized the execution and delivery of this Supplemental Indenture No. 21 to establish the designation and certain terms of the Securities of the Twenty-Third Series and has duly authorized the issuance of such Securities; and all acts necessary to make this Supplemental Indenture No. 21 a valid agreement of the Company, and to make the Securities of the Twenty-Third Series valid obligations of the Company, have been performed.
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE NO. 21 WITNESSETH, that, for and in consideration of the premises and of the purchase of the Securities by the Holders thereof, it is mutually covenanted and agreed, for the equal and proportionate benefit of the Holders of the Securities of the Twenty-Third Series, as follows:
Twenty-Third Series of Securities
SECTION 101. There is hereby created a series of Securities designated First Mortgage Bonds, 3.00% Series due 2049, and the Securities of such series shall have the terms provided therefor in this Article One of this Supplemental Indenture No. 21, shall be limited in aggregate principal amount (except as contemplated in Section 301(b) of the Original Indenture) to $400,000,000, and shall have such terms as are hereby established for such Securities of the Twenty-Third Series as contemplated in Section 301 of the Original Indenture. The form or forms and additional terms of the Securities of the Twenty-Third Series shall be established in an Officers Certificate of the Company, as contemplated by Section 201 of the Original Indenture.