Common use of Denominations: Environmental Trust Bonds Issuable in Series Clause in Contracts

Denominations: Environmental Trust Bonds Issuable in Series. The Environmental Trust Bonds shall be issuable in the Minimum Denomination specified in the Series Supplement and, except as otherwise provided in the Series Supplement, in integral multiples of $1,000 in excess thereof. The Environmental Trust Bonds may, at the election of and as authorized by a Responsible Officer of the Issuer, be issued in one or more Tranches, and shall be designated generally as the “Environmental Trust Bonds, Series 2021” of the Issuer, with such further particular designations added or incorporated in such title for the Environmental Trust Bonds of any particular Tranche as a Responsible Officer of the Issuer may determine. Each Environmental Trust Bond shall bear upon its face the designation so selected for the Tranche to which it belongs. All Environmental Trust Bonds shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon and the legends thereon, unless the Environmental Trust Bonds are comprised of one or more Tranches, in which case all of the Environmental Trust Bonds of the same Tranche shall be identical in all respects except for the denominations thereof, the Holder thereof, the numbering thereon, the legends thereon and the CUSIP number thereon. All Environmental Trust Bonds of a particular Tranche shall be in all respects equally and ratably entitled to the benefits hereof without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Indenture. The Environmental Trust Bonds shall be created by the Series Supplement authorized by a Responsible Officer of the Issuer, which shall specify and establish the terms and provisions thereof. The several Tranches thereof may differ as between Tranches, in respect of any of the following matters: (a) designation of the Tranches thereof; (b) the principal amount; (c) the Environmental Trust Bond Interest Rate; (d) the Payment Dates; (e) the Scheduled Payment Dates; (f) the Scheduled Final Payment Date; (g) the Final Maturity Date; (h) the place or places for the payment of interest, principal and premium, if any; (i) the Minimum Denominations; (j) the Expected Amortization Schedule; (k) the provisions with respect to the definitions set forth in Appendix A hereto; (l) whether or not the Environmental Trust Bonds are to be Book-Entry Environmental Trust Bonds and the extent to which Section 2.11 should apply; and (m) any other provisions expressing or referring to the terms and conditions upon which the Environmental Trust Bonds of any Tranche are to be issued under this Indenture that are not in conflict with the provisions of this Indenture and as to which the Rating Agency Condition is satisfied.