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Property Additions (us defined in the Indenture) in a principal
amonnt equal to a greater percentage of I1~Tet Bondable Valne of
Property Additions (as deSned in the Indenture) than the max-
imum percentage thereof espressed in the Indenture as ori~inallp
eaecuted, or reduce the percentage of the holders of the Bonds
required for any such modification or alteration.
In case an eeent of defanlt, as deSned in the Indenture, shall
occur, the principal of all the Bonds at any such time ontstanding
under the Indenture may be declared and become dne Tnd payable,
npon the conditions, in the manner and ~vith the effect pro~*ided
in the Indentnre. The Indenture provides that such declaratioi?
mas in certain events be rescinded bp the holders of not less than
a majority in principal amount of the Bonds.
This Bond is transferable ~y the registered ovsner hereof, in
person or by duly anthorized attorney, at the agency of the
Company for that purpose in the Borongh of Manhattan, The
City of New York, on books of the Company to be kept for that
, pnrpcse at said agency, npon surrender and cancellation of tLis
Bond and on presentation of a dnly eaecuted written instrnment
of transfer, and therenpon R new Bond or Bonds of the 1990
Series, of the same aggregate principal amonnt and in authorized
denominations, will be issned to the transferee or transferees in
egchange herefor. This Bond, ~vith or withont other ~3onds of
~ the 1990 Series, may in like manner be e~changed for one or more
~ ne« Bonds of the 1990 Series of other authorized denominations
but of tbe same aggregate principal amonnt. The Bonds of the
1990 Series are issnable onlp as Registered Bonds withont conpona
in denominations of $1,000 and any integral mnltiple thereof.
Any transfer or ezchange of this Bond shall be made with-
ont payment (otLer than any taa or other governmental cbarge)
and shall be snbject to the terme and conditions set forth in tbe
Indentnre.
The Company, said Trnstees, any paying agent, and any
registrar may deem and treat the person in whose name- this
Bond is registered as the absolnte owner hereof for the purpose
of receiving payment of or on acconnt of tbe principal hereof
and interest (ezcept as stated in the first paragraph hereof) and
preminm, if any, dne bereon, and for all other pnrposes, and
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