Common use of Exchange of Bonds Clause in Contracts

Exchange of Bonds. Unless otherwise specifically provided in the Supplemental Indenture which creates and establishes a series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purpose, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and the Company shall deliver in exchange therefor the Bond or Bonds of like tenor which the Bondholder making the exchange shall be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case at the time of any such exchange, an Event of Default in the payment of interest on the Bonds of such series has occurred and is continuing, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required by the Company, duly executed by the registered Holder of such Bond or the duly authorized attorney of such Holder, at the office or agency of the Company designated by it. All Bonds so surrendered and delivered for exchange and the coupons appertaining thereto shall be delivered to the Trustee for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange of Bonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes and other applicable fees required by law and in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bonds.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Amended and Restated Bond of the Eighty-fourth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Amended and Restated Bonds of the Eighty-fourth Series are nontransferable except to effect transfer to any successor to the Series 1985A NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which an Amended and Restated Bond of the Bondholder making the exchange shall Eighty-fourth Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Amended and Restated Bond or Bonds of such Holderthe Eighty-fourth Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1985A NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Bond of the Ninety-first Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Bonds of the Ninety-first Series are nontransferable except to effect transfer to any successor to the Series 1985B NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which a Bond of the Bondholder making the exchange shall Ninety-first Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Bond or Bonds of such Holderthe Ninety-first Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1985B NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Bond of the Ninety-second Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Bonds of the Ninety-second Series are nontransferable except to effect transfer to any successor to the Series 1986A NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which a Bond of the Bondholder making the exchange shall Ninety-second Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Bond or Bonds of such Holderthe Ninety-second Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1986A NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Bond of the Ninety-third Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Bonds of the Ninety-third Series are nontransferable except to effect transfer to any successor to the Series 1987A NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which a Bond of the Bondholder making the exchange shall Ninety-third Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Bond or Bonds of such Holderthe Ninety-third Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1987A NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Bond of the Ninetieth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Bonds of the Ninetieth Series are nontransferable except to effect transfer to any successor to the Series 1987B NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which a Bond of the Bondholder making the exchange shall Ninetieth Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Bond or Bonds of such Holderthe Ninetieth Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1987B NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Bond of the Eighty-ninth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Bonds of the Eighty-ninth Series are nontransferable except to effect transfer to any successor to the Series 1988A NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which a Bond of the Bondholder making the exchange shall Eighty-ninth Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Bond or Bonds of such Holderthe Eighty-ninth Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1988A NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Amended and Restated Bond of the Sixty-ninth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Amended and Restated Bonds of the Sixty-ninth Series are nontransferable except to effect transfer to any successor to the Series 1991A NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which an Amended and Restated Bond of the Bondholder making the exchange shall Sixty-ninth Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Amended and Restated Bond or Bonds of such Holderthe Sixty-ninth Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1991A NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Amended and Restated Bond of the Eighty-fifth Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Amended and Restated Bonds of the Eighty-fifth Series are nontransferable except to effect transfer to any successor to the Series 1985C NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which an Amended and Restated Bond of the Bondholder making the exchange shall Eighty-fifth Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Amended and Restated Bond or Bonds of such Holderthe Eighty-fifth Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1985C NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.

Exchange of Bonds. Unless otherwise specifically provided The registered owner (or assigns) of any Amended and Restated Bond of the Eighty-third Series may at any time surrender the same at the corporate trust office of the Trustee, or at any other office or agency of the Trustee or the Company maintained for such purpose, and with instruments of transfer satisfactory to the Trustee, and, subject to the terms, conditions and limitations specified in the Supplemental Indenture which creates and establishes a Indenture, shall be entitled to receive in exchange therefor an equal principal amount of Bonds of said series of Bonds or in a Company Order pursuant to such Supplemental Indenture, in all cases in which the privilege of exchanging Bonds exists other authorized denominations; and is exercised, the Bonds to be exchanged shall be surrendered at such place or places as shall be set forth in such Supplemental Indenture or Company Order, or designated by the Company for that purposewill provide, with all unmatured coupons appertaining thereto (in the case of Coupon Bonds) and the Trustee shall authenticate and deliver, the Company shall deliver in exchange therefor Bonds necessary to make such exchange. The Amended and Restated Bonds of the Eighty-third Series are nontransferable except to effect transfer to any successor to the Series 1987B NYSERDA Trustee, to the Bond Insurer or Bonds to any successor to the Bond Insurer, any such transfer of like tenor which an Amended and Restated Bond of the Bondholder making the exchange shall Eighty-third Series to be entitled to receive, having attached thereto, in the case of Coupon Bonds, all unmatured coupons appertaining thereto. In case made at the time principal corporate trust office of any such exchangethe Trustee, an Event of Default in the payment of interest on the Bonds upon surrender and cancellation of such series has occurred and is continuingBond, all Coupon Bonds of such series surrendered and delivered in exchange for other Bonds shall have attached thereto all matured coupons in Default unless such coupons have theretofore been previously surrendered. All Bonds so surrendered and delivered for exchange shall, unless in bearer form, be accompanied by a written instrument or instruments of transfer, if required transfer in a form approved by the CompanyCompany and the Trustee, duly executed by the registered Holder holder of such Bond or the by his duly authorized attorney attorney, and thereupon a new Amended and Restated Bond or Bonds of such Holderthe Eighty-third Series, for a like principal amount and bearing interest at the office same rates and having the same maturity date, will be issued to the successor to the Series 1987B NYSERDA Trustee, the Bond Insurer or agency the successor to the Bond Insurer, as the case may be, in exchange therefor, as provided in the Indenture. The provisions of Section 12 of Article Second of the Company designated by it. All Bonds so surrendered and delivered for exchange and Original Indenture to the coupons appertaining thereto contrary notwithstanding, no payment of a service charge shall be delivered to the Trustee required for cancellation. Upon any transfer of Bonds permitted by Section 2.06, and upon any exchange or registration of Bondstransfer, but the Company may make require payment of a charge therefor sum sufficient to reimburse it for cover any tax or taxes and other applicable fees required by law and governmental charge that may be imposed in addition may charge a sum not exceeding a sum, if any, provided as a term of such series of Bonds for each Bond authenticated and delivered upon any such transfer or exchange, which sum shall be paid by the party requesting such transfer or exchange as a condition precedent to the exercise of the privilege of making such transfer or exchange. The Company shall not be required to make transfers or exchanges of Bonds of any series for a period of 15 days before any interest payment date of said series (unless such series has a record date for the payment of interest) or before any selection of Bonds of said series to be redeemed. The Company shall not be required to make any transfer or exchange of any Bond designated for redemption, except for any part of such Bond which is not designated for redemption. Until exchanged, any temporary bond is entitled to the benefits and Lien of this Indenture equally and ratably with all other Outstanding Bondsrelation thereto.