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in the case of series of Bonds issued with coupons, may be made
with the consent of the Company ,as provided in the Indentnre,
and, (a) in aase one or more (bnt less than all) of the series of ~
Bonds then outstanding under the Indentnre are affec~F,ed by snch ~
modification or alteration, npon the written consent or affirmative ~
~ vote of the holders of not less than 66~% in principal amount of ~
each series then ontat~nding and so affected or, (b) if such T
modi.fication or alteration affecfis all of ~the series of Bonds then
ontstanding, npon the written consent or a~rmative vote of not
Iess than 66~%'o in principal amonnt of all Bonds then outstand- ;
ing (eacept that so long as any First Mortgage Pipe Line
Bonds, 5~ j'o Series dne July l, 1979, First Mortgage Pipe Line -
Bonds, ~3/4% Series due Jannarp 1, 1982, First ~tortgage Pipe
Line Bonds, 6% Series due I~'ovember 1, 1956, or Bonds of any
other Series if the supplementa2 indentnre oresting the Bonds ;
of such Series shall so provide, remain outstanding under the
Indentnre, the ~ritten consent or af~rmative vote of the holders '
of not less than 66~% iu pruioipal amount of each such Series
then ontstanding mnst be obtained) ; provided, however, that,
withont the consent of the holder hereof, no snch modification or
alteration shall be made ~hich will uffect the tei-ms of paynnent ~
of the principal of or interest or prenuwn, if any, on this Bond, =
- permit the creation of any lien equal or prior to the lien of the .
Indenture, deprive the holder hereof of the benefit of a lien on ~
the uiortgaged property, affeot the sinkuig fund pro~•isions ~vith ~
respeet to Bonds of the 198i Series, permit tbe issuance of addi-
tional Bonds on the basis of Property Additions (as defined in ~
the Indenture) in a principal timount equal to a greater per- '
centage of \~et Bondable ~'alue of Property Additions (as de-
fined i.n the Indentnre) than the maa.imum percentage thereof ;
ezpressed in the Indentnre as originally ezecnted, or reduce the =
percentage of the holders of the Bonds reqnired for any sneh
modification or alteration.
In case an erent of defanlt, as defined in the Indentnre, shall ;
occur, the principal of all the Bonds at any such tune ontstanding "
under the Indentnre may be declared and become dne and pay- =i
able, upon the conditions, in the manner and with the e$ect
provided in the Indentnre. The Indentnre provides that snch ~
declaration may in certain e~ ents be -rescinded by the holders of ~
not less than a majority in principal amonn~ of the Bonds. ;
This Bond is transferable by the regiatered owner hereof, in ~
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