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inationa of $1,000 and any integrat mnltiple of $1,000, bearin8 BPP~-
priate serial numbers. 80 long aa Bonds of the 198? $eries 8re Outatand-
ing the Company shall maintain an agency in the Borough of l~ianhat-
tan, The City of New York, for the registration, transfer and eachange
of Bonds snbject to the terms and conditions set forth in .drticie a of ~
the Indentnre, provided that no service charge shall be made to any ~
Bondholder for anp transfer or eachange of Bonds of the 1987 8eries,
but tLe Company may make a charge svfficient to reimbnrse it for any ;
stamp or other tag or governmental charge required to be paid in ;
connection therewith. ~
4 2.04. Man~:er o f redemption; pc~rtial redemption payments. The
Bonds of the 1957 Series shall be redeemable at snch time or times,
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- nnder snch circnmstances, at such redemption prices, and either as a =
whole or in part, as are hereinafter in this ~rl~cle 2 and ~ 9.07' of the ~
Indentnre apeaified, all in the manner, npon the terms and oonditions, ~
and with the effect provided in drtide 6 of the Indentnre. ~
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4 2.05. Optional redemption. The Bonds of the 1987 Series shall
be redeemable at any time or from time to time prior to matnrity, at
the option of the Company, either as a whole or in part, npon payment
of the applicable percentagea of the prinaipal amount thereof set forth ~
in the form of Bonds of the 1987 Seriea contained in ~ a.01 hereof, ~
together in each case with acarned interest to the redemption date, and }
snbject to the conditiona c;ontai.ned in the Indentnre as anpplemented by ~
tliis Supplemental Indentnre, provided, however, that the Company
shall not, pnrsnant to this ~ 2.05 or ~ 2.o7(b) heraof or the corresponding *
provisions contained in the form of Bonds of the 1987 Series contained ~
in ~ 2.01 hereof, redeem any Bonds of the 1987 Series if sneh redemp- ~
~ tion is carried out directly or indireetly as a part of, or in anticipation £
of, any refnnding operation involving tLe inenrring of Indebtedness by ;
the Compt~ny or an AfT'iliate of the Company nnless such Bonds are so ~
redeemed (a) on or after August 1,197`3 in the case of redemptions pnr- ~
~ ~uant to this §?.05 or on or after ~ugnst 1, 1977 in the case of redemp- _
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tions pursuant to ~?.(?~'(b) hereof or (b) prior to August 1, 197~ in the '
i case of redemption~ pursuant to this § 2.05, or prior to Angust 1,1977 in 4
~ the case of r~dc~mptions pursnant to § 2.o7(b) l~ereof, and the intere•t -
~ rate or co~t of mone~- to the Compan~ or snch ~f~'iliate (comput.ed -
in accordunce ~rith Accepted fii~ancial practice) itl~ : e~pect to the '
Indebtedness so incurred is the percentage per ~nnum stated in s
cla:ece (b) of the tliird para~rapli of the fot~n of Ronds of the 1937
Series in ~ z.o1 hereof or more.
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