Common use of General Terms of Bonds to be Issued Clause in Contracts

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03% Series due 2047” (herein sometimes referred to as the “Fortieth Series”; and the bonds of such Fortieth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Series”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Series shall mature on November 6, 2047 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereof; they shall bear interest at the rate of 4.03% per annum, payable in arrears, the first interest payment to be made on May 6, 2018, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5, 2018, with subsequent interest payments payable semiannually on May 6 and November 6 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“3.99% Series due 20472028” (herein sometimes referred to as the “Fortieth Thirty-fourth Series”; and the bonds of such Fortieth Thirty-fourth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Thirty-fourth Series”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Thirty-fourth Series shall mature on November 6December 19, 2047 2028 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereofof $1,000; they shall bear interest at the rate of 4.033.99% per annum, payable in arrears, the first interest payment to be made on May 6June 19, 2018, 2014 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Thirty-fourth Series through May 5June 18, 20182014, with subsequent interest payments payable semiannually on May 6 December 19 and November 6 June 19 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Thirty-fourth Series is paid or made available for payment; subject to Article V hereof, the principal of and interest on each Bond of the Fortieth Thirty-fourth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Thirty-fourth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Thirty-fourth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holderregistered owner, any Bonds of the Fortieth Thirty-fourth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Thirty-fourth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Thirty-fourth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Thirty-fourth Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.037.30% Series due 2047” 2006" (herein sometimes referred to as the “Fortieth "Twenty-second Series”; ;" and the bonds of such Fortieth Twenty-second Series are hereinafter sometimes hereinafter referred to as the “Bonds of the Fortieth Series”"Bonds"), each of which shall bear the descriptive title “"First Mortgage Bond.” " Bonds of the Fortieth Twenty-second Series shall mature on November 6December 1, 2047 2006 and shall be issued as fully registered bonds in minimum denominations of $1,000 100,000 and in integral multiples of $1,000 in excess thereof; they shall bear interest at the rate of 4.037.30% per annum, annum payable in arrears, subject to adjustment as described in Section 1.02 herein, the first interest payment to be made on May 6June 1, 2018, 2002 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5to June 1, 20182002, with subsequent interest payments payable semiannually on May 6 December 1 and November 6 June 1 of each year (each such payment date, an “"Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment"); the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of (i) if issued to "qualified institutional buyers" (as defined in Rule 144A under the Fortieth Series Securities Act; each, a "QIB"), in reliance on Rule 144A under the Securities Act or (ii) if issued in offshore transactions to Non-U.S. Persons in reliance on Regulation S, shall be issued in the form of one or more Global Bonds substantially in the form of Exhibit A or Exhibit B hereto, respectively, and shall be deposited on behalf of the purchasers of the Bonds represented thereby with the Corporate Trustee as custodian for The Depository Trust Company ("DTC") or such other depositary as may be subsequently designated (the "Depositary"), shall be registered in the name of the Depositary or a nominee of the Depositary and the aggregate principal amount of Bonds so issued may from time to time be increased or decreased by adjustments made on the records of the Corporate Trustee and the Depositary or its nominee. At the option of the Holderregistered owner, any Bonds of the Fortieth SeriesBonds, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth SeriesBonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth SeriesBonds.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“1.00% Series due 2047March 26, 2024” (herein sometimes referred to as the “Fortieth Forty-fourth Series”; and the bonds of such Fortieth Forty-fourth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Forty-fourth Series” or the “Bonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Forty-fourth Series shall mature on November 6March 26, 2047 2024 and shall be issued as fully registered bonds in denominations of $1,000 2,000 and in integral multiples of $1,000 in excess thereof; they shall bear interest at the rate of 4.031.00% per annum, payable in arrears, the first interest payment to be made on May 6September 26, 20182021, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Forty-fourth Series through May 5September 25, 20182021, with subsequent interest payments payable semiannually on May 6 March 26 and November 6 September 26 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Forty-fourth Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Forty-fourth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Forty-fourth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Forty-fourth Series shall be issued substantially in the form of Exhibit A heretohereto and as further provided in Article II of this Forty-first Supplemental Indenture, and shall be deposited with the Corporate Trustee as custodian for The Depository Trust Company (DTC) or such other depositary as may be subsequently designated (the “Depositary”), shall be registered in the name of the Depositary or a nominee of the Depositary and the aggregate principal amount of Bonds of the Forty-fourth Series so issued may from time to time be increased (if there is a re-opening of the Bonds of the Forty-fourth Series) or decreased by adjustments made on the records of the Corporate Trustee and the Depositary or its nominee. At the option of the Holder, any Bonds of the Fortieth Forty-fourth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Forty-fourth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Forty-fourth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Forty-fourth Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“6.04% Series due 20472016” (herein sometimes referred to as the “Fortieth Twenty-eighth Series”; and the bonds of such Fortieth Twenty-eighth Series are sometimes hereinafter referred to in this Article I as the “Bonds of the Fortieth SeriesBonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Twenty-eighth Series shall mature on November 6September 1, 2047 2016 and shall be issued as fully registered bonds in minimum denominations of $1,000 and in integral multiples thereof; they shall bear interest at the rate of 4.036.04% per annum, annum payable in arrears, plus any Additional Interest as shall be payable pursuant to Section 6 of the Registration Rights Agreement, the first interest payment to be made on May 6March 1, 2018, 2007 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5to March 1, 20182007, with subsequent interest payments payable semiannually on May 6 March 1 and November 6 September 1 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment); the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. For purposes of this Twenty-sixth Supplemental Indenture, the term “interest” shall be deemed to include the Additional Interest payable pursuant to Section 6 of the Registration Rights Agreement. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Series shall be issued substantially in the form of Exhibit A or Exhibit B hereto, as applicable, and as further provided in Article II of this Twenty-sixth Supplemental Indenture, and shall be deposited on behalf of the purchasers of the Bonds represented thereby with the Corporate Trustee as custodian for The Depository Trust Company (DTC) or such other depositary as may be subsequently designated (the “Depositary”), shall be registered in the name of the Depositary or a nominee of the Depositary and the aggregate principal amount of Bonds so issued may from time to time be increased or decreased by adjustments made on the records of the Corporate Trustee and the Depository or its nominee. At the option of the Holderregistered owner, any Bonds of the Fortieth SeriesBonds, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth SeriesBonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth SeriesBonds.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“4.176% Series due 20472044” (herein sometimes referred to as the “Fortieth Thirty-sixth Series”; and the bonds of such Fortieth Thirty-sixth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Thirty-sixth Series”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Thirty-sixth Series shall mature on November 615, 2047 2044 and shall be issued as fully registered bonds in minimum denominations of $1,000 2,000 and in integral multiples thereofof $1,000; they shall bear interest at the rate of 4.034.176% per annum, payable in arrears, the first interest payment to be made on May 615, 2018, 2015 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Thirty-sixth Series through May 514, 20182015, with subsequent interest payments payable semiannually on November 15 and May 6 and November 6 15 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Thirty-sixth Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Thirty-sixth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Thirty-sixth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Thirty-sixth Series shall be issued substantially in the form of Exhibit A heretohereto and as further provided in Article II of this Thirty-third Supplemental Indenture, and shall be deposited with the Corporate Trustee as custodian for The Depository Trust Company (DTC) or such other depositary as may be subsequently designated (the “Depositary”), shall be registered in the name of the Depositary or a nominee of the Depositary and the aggregate principal amount of Bonds of the Thirty-sixth Series so issued may from time to time be increased (if there is a re-opening of the Bonds of the Thirty-sixth Series) or decreased by adjustments made on the records of the Corporate Trustee and the Depositary or its nominee. At the option of the Holderregistered owner, any Bonds of the Fortieth Thirty-sixth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Thirty-sixth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Thirty-sixth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Thirty-sixth Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“6.34% Series due 20472019” (herein sometimes referred to as the “Fortieth Twenty-ninth Series”; and the bonds of such Fortieth Twenty-ninth Series are sometimes hereinafter referred to in this Article I as the “Bonds of the Fortieth SeriesBonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Twenty-ninth Series shall mature on November 6April 1, 2047 2019 and shall be issued as fully registered bonds in minimum denominations of $1,000 2,000 and in integral multiples of $1,000 in excess thereof; they shall bear interest at the rate of 4.036.34% per annum, annum payable in arrears, plus any Additional Interest as shall be payable pursuant to Section 6 of the Registration Rights Agreement, the first interest payment to be made on May 6October 1, 2018, 2009 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5to September 30, 20182009, with subsequent interest payments payable semiannually on May 6 April 1 and November 6 October 1 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment); the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. For purposes of this Twenty-seventh Supplemental Indenture, the term “interest” shall be deemed to include the Additional Interest payable pursuant to Section 6 of the Registration Rights Agreement. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Series shall be issued substantially in the form of Exhibit A or Exhibit B hereto, as applicable, and as further provided in Article II of this Twenty-seventh Supplemental Indenture, and shall be deposited on behalf of the purchasers of the Bonds represented thereby with the Corporate Trustee as custodian for The Depository Trust Company (DTC) or such other depositary as may be subsequently designated (the “Depositary”), shall be registered in the name of the Depositary or a nominee of the Depositary and the aggregate principal amount of Bonds so issued may from time to time be increased or decreased by adjustments made on the records of the Corporate Trustee and the Depository or its nominee. At the option of the Holderregistered owner, any Bonds of the Fortieth SeriesBonds, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth SeriesBonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth SeriesBonds.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“3.98% Series due 2047September 17, 2049” (herein sometimes referred to as the “Fortieth Forty-second Series”; and the bonds of such Fortieth Forty-second Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Forty-second Series” or the “Bonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Forty-second Series shall mature on November 6September 17, 2047 2049 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereof; they shall bear interest at the rate of 4.033.98% per annum, payable in arrears, the first interest payment to be made on May 6March 17, 20182020, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Forty-second Series through May 5March 16, 20182020, with subsequent interest payments payable semiannually on May 6 March 17 and November 6 September 17 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Forty-second Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Forty-second Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Forty-second Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Forty-second Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Forty-second Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Forty-second Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Forty-second Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Forty-second Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“5.01% Series due 20472025” (herein sometimes referred to as the “Fortieth Thirty-first Series”; and the bonds of such Fortieth Thirty-first Series are sometimes hereinafter referred to as the “Bonds of the Fortieth SeriesBonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Thirty-first Series shall mature on November 6May 1, 2047 2025 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereofof $1,000; they shall bear interest at the rate of 4.035.01% per annum, payable in arrears, the first interest payment to be made on May 6November 1, 2018, 2010 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5October 31, 20182010, with subsequent interest payments payable semiannually on May 6 1 and November 6 1 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment; subject to Article V hereof, the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holderregistered owner, any Bonds of the Fortieth SeriesBonds, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth SeriesBonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth SeriesBonds.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“3.98% Series due 20472049” (herein sometimes referred to as the “Fortieth Forty-first Series”; and the bonds of such Fortieth Forty-first Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Forty-first Series”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Forty-first Series shall mature on November 6June 26, 2047 2049 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereof; they shall bear interest at the rate of 4.033.98% per annum, payable in arrears, the first interest payment to be made on May 6December 26, 20182019, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Forty-first Series through May 5December 25, 20182019, with subsequent interest payments payable semiannually on May 6 December 26 and November 6 June 26 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Forty-first Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Forty-first Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Forty-first Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Forty-first Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Forty-first Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Forty-first Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Forty-first Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Forty-first Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“3.21% Series due 2047May 15, 2030” (herein sometimes referred to as the “Fortieth Forty-third Series”; and the bonds of such Fortieth Forty-third Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Forty-third Series” or the “Bonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Forty-third Series shall mature on November 6May 15, 2047 2030 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereof; they shall bear interest at the rate of 4.033.21% per annum, payable in arrears, the first interest payment to be made on May 6November 15, 20182020, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Forty-third Series through May 5November 14, 20182020, with subsequent interest payments payable semiannually on May 6 15 and November 6 15 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Forty-third Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Forty-third Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Forty-third Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Forty-third Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Forty-third Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Forty-third Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Forty-third Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Forty-third Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“5.71% Series due 20472039” (herein sometimes referred to as the “Fortieth Thirtieth Series”; and the bonds of such Fortieth Thirtieth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth SeriesBonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Thirtieth Series shall mature on November 6October 15, 2047 2039 and shall be issued as fully registered bonds in denominations of $1,000 and in integral multiples thereofof $1,000; they shall bear interest at the rate of 4.035.71% per annum, payable in arrears, the first interest payment to be made on May 6April 15, 2018, 2010 and shall be for the period from the date of first authentication of the Bonds of the Fortieth Series through May 5April 14, 20182010, with subsequent interest payments payable semiannually on May 6 April 15 and November 6 October 15 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Series is paid or made available for payment; subject to Article V hereof, the principal of and interest on each Bond of the Fortieth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holderregistered owner, any Bonds of the Fortieth SeriesBonds, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Series shall be transferable upon the surrender thereof for cancellation, together with a written instrument of transfer in form approved by the Registrar, duly executed by the registered owner or by his duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth SeriesBonds, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth SeriesBonds.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.032.00% Series due 20472023” (herein sometimes referred to as the “Fortieth Thirty-ninth Series”; and the bonds of such Fortieth Thirty-ninth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Thirty-ninth Series”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Thirty-ninth Series shall mature on November 6August 1, 2047 2023 and shall be issued as fully registered bonds in denominations of $1,000 5,000 and in integral multiples thereof; they shall bear interest at the rate of 4.032.00% per annum, payable in arrears, the first interest payment to be made on May 6February 1, 20182017, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Thirty-ninth Series through May 5January 31, 20182017, with subsequent interest payments payable semiannually on May 6 February 1 and November 6 August 1 of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Thirty-ninth Series is paid or made available for payment; the principal of and interest on each Bond of the Fortieth Thirty-ninth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Thirty-ninth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Thirty-ninth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Thirty-ninth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Thirty-ninth Series shall not be transferable upon except to any successor trustee under the surrender thereof for cancellationIndenture of Trust, together with a written instrument dated as of August 1, 2016, of the City of Forsyth, Rosebud County, Montana (hereinafter referred to as the “Forsyth Indenture”), relating to the City of Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds (NorthWestern Corporation Colstrip Project) Series 2016 (hereinafter referred to as the “Forsyth Bonds”), any such transfer in form approved by to be made (subject to the Registrar, duly executed by provisions of Section 12 of the registered owner or by his duly authorized attorney, Mortgage) at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Thirty-ninth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Thirty-ninth Series.

General Terms of Bonds to be Issued. (a) There is hereby created a series of bonds designated: "4.03“3.875% Series due 2047July 1, 2028” (herein sometimes referred to as the “Fortieth Forty-sixth Series”; and the bonds of such Fortieth Forty-sixth Series are sometimes hereinafter referred to as the “Bonds of the Fortieth Forty-sixth Series” or the “Bonds”), each of which shall bear the descriptive title “First Mortgage Bond.” Bonds of the Fortieth Forty-sixth Series shall mature on November 6July 1, 2047 2028 and shall be issued as fully registered bonds in denominations of $1,000 5,000 and in integral multiples thereof; they . The Bonds of the Forty-sixth Series shall bear interest at the rate of 4.033.875% per annum, payable in arrears, the first interest payment to be made on May 6January 1, 20182024, and shall be for the period from the date of first authentication of the Bonds of the Fortieth Forty-sixth Series through May 5January 1, 20182024, with subsequent interest payments payable semiannually on May 6 July 1st and November 6 January 1st of each year (each such payment date, an “Interest Payment Date”) until the principal of the Bonds of the Fortieth Forty-sixth Series is paid or made available for payment; , the principal of and interest on each Bond of the Fortieth Forty-sixth Series to be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts. The Bonds of the Fortieth Forty-sixth Series shall be dated as in Section 10 of the Mortgage provided. The Bonds of the Fortieth Forty-sixth Series shall be issued substantially in the form of Exhibit A hereto. At the option of the Holder, any Bonds of the Fortieth Forty-sixth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series of other authorized denominations. The Bonds of the Fortieth Forty-sixth Series shall not be transferable upon except to any successor trustee under the surrender thereof for cancellationIndenture of Trust, together with a written instrument dated as of June 1, 2023, of the City of Forsyth, Rosebud County, Montana (hereinafter referred to as the “Forsyth Indenture”), relating to the City of Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds (NorthWestern Corporation Colstrip Project) Series 2023 (hereinafter referred to as the “Forsyth Bonds”), any such transfer in form approved by to be made (subject to the Registrar, duly executed by provisions of Section 12 of the registered owner or by his duly authorized attorney, Mortgage) at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any exchange or transfer of Bonds of the Fortieth Forty-sixth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other governmental charge, as provided in Section 12 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of Bonds of the Fortieth Forty-sixth Series. Upon payment of the principal or premium, if any, or interest on the Forsyth Bonds, whether at maturity or prior to maturity by redemption or otherwise, or upon provision for the payment thereof having been made in accordance with the Forsyth Indenture, Bonds of the Forty-sixth Series in a principal amount equal to the principal amount of such Forsyth Bonds, shall, to the extent of such payment of principal, premium, if any, or interest, be deemed fully-paid and the obligation of the Company thereunder to make such payment shall forthwith cease and be discharged, and, in the case of the payment of principal and premium, if any, such Bonds shall be surrendered for cancellation or presented for appropriate notation to the Trustee.