Common use of INTEREST PAYMENT AND RECORD DATES Clause in Contracts

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Date. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement (“Commercial Paper Period”) Day after the last day of Commercial Paper Period Last Business Day before Interest Payment Date Term** 30 days or longer Each first day of each sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period Fifteenth of the month before the Interest Payment Date if the Term Interest Rate Period is more than six months, and the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been was paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Datedate of initial authentication and delivery of the Bonds, until the entire principal amount of this Bond is paid or duly provided for. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Accrual Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First TYPE OF INTEREST PERIOD ACCRUAL PERIOD1 INTEREST PAYMENT DATE RECORD DATE Daily Calendar Month Fifth Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date of the Accrual Period Weekly First Business Day Wednesday of each month through the first Tuesday of the next succeeding month First Wednesday of each month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement Indenture (“Commercial Paper Calculation Period”) Day after the last First day of Commercial Paper following Calculation Period Last Business Day before Interest Payment Date Term** 30 days Long Term Six-month period or longer Each portion thereof beginning on the Conversion Date and ending on the last day of the sixth calendar month following (and including) the month in which the Conversion Date occurs and each six‑month period thereafter First day of the seventh calendar month following (and including) the month in which the Conversion Date occurs and the first day of each every sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period thereafter Fifteenth of the month before the Interest Payment Date if 1 If the Term Conversion Date does not coincide with the first day of the Accrual Period for the new Interest Rate Period, then the first day of such Accrual Period is more than six monthsshall be the Conversion Date, but all other terms and condition shall be as set forth in the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***above Table.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Date. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: RATE INTEREST PERIOD INTEREST PAYMENT DATE RECORD DATE Daily* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement (“Commercial Paper Period”) Day after the last day of Commercial Paper Period Last Business Day before Interest Payment Date Long-Term** 30 270 days or longer Each first day of each sixth calendar month after effective date of Long-Term Interest Rate and on the first Business Day after the end of each Term Interest Period Fifteenth of the month before the Interest Payment Date*** Auction Mode One day or longer as determined for each Bond pursuant to the Agreement The Business Day immediately following each Auction Period **** The Business Day preceding an Interest Payment Date therefor “Business Day” is defined in the Agreement. Payment of defaulted interest will be made to holders of record as of the fifth-to-last Business Day before payment. * If there shall be a change from a Daily Rate or a Weekly Rate on a day other than the first Business Day of a calendar month, the then current Interest Period relating to such Daily Rate or Weekly Rate shall end on the day immediately preceding the date on which the new interest rate on the Bonds shall become effective, which date in the case of a change from a Daily Rate or a Weekly Rate, shall be the Interest Payment Date for such Interest Period, for which the Record Date shall be the immediately preceding Business Day. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the day immediately preceding the first Business Day of the next month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. ** If there shall be a change from a Long-Term Interest Rate on a day other than a regularly scheduled Interest Payment Date for a Long-Term Interest Rate Period, or if there shall be an early termination of such Long-Term Interest Rate Period and a new Long-Term Interest Rate shall be set, such Long-Term Interest Rate Period shall end on the day immediately preceding the date on which the new interest rate shall become effective, which date shall be the Interest Payment Date for such Long-Term Interest Rate Period, for which the Record Date shall be the last day of such Long-Term Interest Rate Period or, if sooner, the first day of such Long-Term Interest Rate Period. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the day immediately preceding the first Business Day of the next month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. *** If an Interest Payment Date occurs less than 15 days after the first day of a Long-Term Interest Rate Period, the first day of such Long-Term Interest Rate Period is more than six months, and the last Business Day before Record Date for such Interest Payment Date. **** The Interest Payment Date with respect to a daily Auction Period shall be the first Business Day of the month immediately succeeding such Auction Period. The Interest Payment Date with respect to a Flexible Auction Period of (i) seven or more but fewer than 183 days shall be the Business Day immediately following such Flexible Auction Period, or (ii) 183 or more days shall be each semiannual date on which interest on the Bonds would be payable if such Bonds bore interest at a fixed rate of interest and on the Term Interest Period is six months or less ***Business Day immediately following such Flexible Auction Period.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Date. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement (“Commercial Paper Period”) Day after the last day of Commercial Paper Period Last Business Day before Interest Payment Date Long-Term** 30 270 days or longer Each first day of each sixth calendar month after effective date of Long-Term Interest Rate and on the first Business Day after the end of each Term Interest Period Fifteenth of the month before the Interest Payment Date*** Auction Mode From 1 day to 5 years as determined for each Bond pursuant to the Agreement The Business Day immediately following each Auction Period, and, in addition, for an Auction Period of 92 or more days, each 13th Wednesday after the first day of such Auction Period**** The second Business Day preceding an Interest Payment Date therefor * If there shall be a change from a Daily Rate or a Weekly Rate on a day other than the first Business Day of a calendar month, the then current Interest Period relating to such Daily Rate or Weekly Rate shall end on the day immediately preceding the date on which the new interest rate on the Bonds shall become effective, which date in the case of a change from a Daily Rate or a Weekly Rate, shall be the Interest Payment Date for such Interest Period, for which the Record Date shall be the immediately preceding Business Day. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the day immediately preceding the first Business Day of the next month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. ** If there shall be a change from a Long-Term Interest Rate on a day other than a regularly scheduled Interest Payment Date for a Long-Term Interest Rate Period, or if there shall be an early termination of such Long-Term Interest Rate Period and a new Long-Term Interest Rate shall be set, such Long-Term Interest Rate Period shall end on the day immediately preceding the date on which the new interest rate shall become effective, which date shall be the Interest Payment Date for such Long-Term Interest Rate Period, for which the Record Date shall be the last day of such Long-Term Interest Rate Period or, if sooner, the first day of such Long-Term Interest Rate Period. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the day immediately preceding the first Business Day of the next month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. *** If an Interest Payment Date occurs less than 15 days after the first day of a Long-Term Interest Rate Period, the first day of such Long-Term Interest Rate Period is more than six months, and the last Business Day before Record Date for such Interest Payment Date. **** The Interest Payment Date if with respect to a daily Auction Period shall be the Term Interest Period is six months or less ***first Business Day of the month immediately succeeding such Auction Period.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the said Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the said Dated Date. When interest is payable at the rate in the first column below, interest accrued during the period (an “"Interest Period”") shown in the second column will be paid on the date (an “"Interest Payment Date”") in the third column to holders of record on the date (a “"Record Date”") in the fourth column: INTEREST INTEREST RATE ACCRUAL PERIOD PAYMENT DATE RECORD DATE Daily* Interest Payment Date to Interest Payment Date First Calendar month Fifth Business Day Last Business Day of the next month Last of the month Weekly* Calendar month First Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date First Last Business Day of the next month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 365 days Day after the last Last Business Day Paper as determined for day of Commercial before Interest each Bond pursuant to Paper Period Payment Date Section 2.02(a)(3) of the Agreement Indenture (“"Commercial Paper Period”") Long-Term** Six-month period or Next day (____________1 Fifteenth of the portion thereof or ___________ 1) month before the ending the last day of Interest Payment ___________ or Date (____ 15 or ____________ _________ 15)*** * If there shall be a change from a Daily Rate or a Weekly Rate on a day other than the first day of a calendar month, the then current Interest Period relating to such Daily Rate or Weekly Rate shall end on the day immediately preceding the date on which the new interest rate on the Bonds shall become effective, which date in the case of a change from a Weekly Rate, shall be the Interest Payment Date for such Interest Period, for which the Record Date shall be the immediately preceding Business Day; but in the case of a change from a Daily Rate, the Interest Payment Date for such Interest Period shall be the fifth Business Day after the last day of Commercial Paper Period Last such Interest Period, for which the Record Date shall be the last Business Day before of such Interest Payment Date Term** 30 days Period. If such new interest rate shall be a Daily Rate or longer Each a Weekly Rate, the first day of each sixth calendar month after Interest Period relating thereto shall begin on the effective date of Term Interest Rate such new interest rate and end on the first Business Day after the end of each Term Interest Period Fifteenth last day of the month before then current calendar month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. ** If there shall be a change from a Long-Term Interest Rate on a day other than the day after the last day of the then current Long-Term Interest Rate Period, or if there shall be an early termination of such Long-Term Interest Rate Period and a new Long-Term Interest Rate shall be set, such Long-Term Interest Rate Period shall end on the day immediately preceding the date on which the new interest rate shall become effective, which date shall be the Interest Payment Date for such Long-Term Interest Rate Period, for which the Record Date shall be 15 days prior to such Interest Payment Date or, if sooner, the first day of such Long-Term Interest Rate Period. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the last day of the then current calendar month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. *** If an Interest Payment Date occurs less than 15 days after the first day of a Long-Term Interest Rate Period, the first day of such Long-Term Interest Rate Period is more than six months, and the last Business Day before Record Date for such Interest Payment Date if the Term Interest Period is six months or less ***Date.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been was paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Datedate of initial authentication and delivery of the Bonds, until the entire principal amount of this Bond is paid or duly provided for. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Accrual Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First TYPE OF INTEREST PERIOD ACCRUAL PERIOD1 INTEREST PAYMENT DATE RECORD DATE Daily Calendar Month Fifth Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date of the Accrual Period Weekly First Business Day Wednesday of each month through the first Tuesday of the next succeeding month First Wednesday of each month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement Indenture (“Commercial Paper Calculation Period”) First Day after the last day of Commercial Paper following Calculation Period Last Business Day before Interest Payment Date Term** 30 days Long Term Six-month period or longer Each portion thereof beginning on the Conversion Date and ending on the last day of the sixth calendar month following (and including) the month in which the Conversion Date occurs and each six-month period thereafter First day of the seventh calendar month following (and including) the month in which the Conversion Date occurs and the first day of each every sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period thereafter Fifteenth of the month before the Interest Payment Date if 1 If the Term Conversion Date does not coincide with the first day of the Accrual Period for the new Interest Rate Period, then the first day of such Accrual Period is more than six monthsshall be the Conversion Date, but all other terms and condition shall be as set forth in the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***above Table.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been was paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Datedate of initial authentication and delivery of the Bonds, until the entire principal amount of this Bond is paid or duly provided for. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Accrual Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First TYPE OF INTEREST PERIOD ACCRUAL PERIOD1 INTEREST PAYMENT DATE RECORD DATE Daily Calendar Month Fifth Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date the Accrual Period Weekly First Business Day Wednesday of each month through the first Tuesday of the next succeeding month First Wednesday of each month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement Indenture (“Commercial Paper Calculation Period”) Day after the last First day of Commercial Paper following Calculation Period Last Business Day before Interest Payment Date Term** 30 days Long Term Six-month period or longer Each portion thereof beginning on the Conversion Date and ending on the last day of the sixth calendar month following (and including) the month in which the Conversion Date occurs and each six-month period thereafter First day of the seventh calendar month following (and including) the month in which the Conversion Date occurs and the first day of each every sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period thereafter Fifteenth of the month before the Interest Payment Date if 1 If the Term Conversion Date does not coincide with the first day of the Accrual Period for the new Interest Rate Period, then the first day of such Accrual Period is more than six monthsshall be the Conversion Date, but all other terms and conditions shall be as set forth in the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***above Table.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Date. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date First Business Day of the next month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement (“Commercial Paper Period”) Day after the last day of Commercial Paper Period Last Business Day before Interest Payment Date Long-Term** 30 270 days or longer Each first day of each sixth calendar month after effective date of Long-Term Interest Rate and on the first Business Day after the end of each Term Interest Period Fifteenth of the month before the Interest Payment Date*** Auction Mode From 1 day to 5 years as determined for each Bond pursuant to the Agreement The Business Day immediately following each Auction Period**** The Business Day preceding an Interest Payment Date if therefor “Business Day” is defined in the Term Interest Rate Period is more than six months, and Agreement. Payment of defaulted interest will be made to holders of record as of the fifth-to-last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***payment.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been was paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Datedate of initial authentication and delivery of the Bonds, until the entire principal amount of this Bond is paid or duly provided for. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Accrual Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First TYPE OF INTEREST PERIOD ACCRUAL PERIOD1 INTEREST PAYMENT DATE RECORD DATE Daily Calendar Month Fifth Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date of the Accrual Period Weekly First Business Day Wednesday of each month through the first Tuesday of the next succeeding month First Wednesday of each month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement Indenture (“Commercial Paper Calculation Period”) Day after the last First day of Commercial Paper following Calculation Period Last Business Day before Interest Payment Date Term** 30 days Long Term Six-month period or longer Each portion thereof beginning on the Conversion Date and ending on the last day of the sixth calendar month following (and including) the month in which the Conversion Date occurs and each six-month period thereafter First day of the seventh calendar month following (and including) the month in which the Conversion Date occurs and the first day of each every sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period thereafter Fifteenth of the month before the Interest Payment Date if 1 If the Term Conversion Date does not coincide with the first day of the Accrual Period for the new Interest Rate Period, then the first day of such Accrual Period is more than six monthsshall be the Conversion Date, but all other terms and condition shall be as set forth in the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***above Table.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been was paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided for, then from the Dated Datedate of initial authentication and delivery of the Bonds, until the entire principal amount of this Bond is paid or duly provided for. When interest is payable at the rate in the first column below, interest accrued during the period (an “Interest Accrual Period”) shown in the second column will be paid on the date (an “Interest Payment Date”) in the third column to holders of record on the date (a “Record Date”) in the fourth column: Daily* Interest Payment Date to Interest Payment Date First TYPE OF INTEREST PERIOD ACCRUAL PERIOD1 INTEREST PAYMENT DATE RECORD DATE Daily Calendar Month Fifth Business Day of the next month Last Business Day before Interest Payment Date Weekly* Interest Payment Date to Interest Payment Date the Accrual Period Weekly First Business Day Wednesday of each month through the first Tuesday of the next succeeding month First Wednesday of each month Last Business Day before Interest Payment Date Commercial Paper From 1 to 270 days as determined for each Bond pursuant to the Agreement Indenture (“Commercial Paper Calculation Period”) Day after the last First day of Commercial Paper following Calculation Period Last Business Day before Interest Payment Date Term** 30 days Long Term Six-month period or longer Each portion thereof beginning on the Conversion Date and ending on the last day of the sixth calendar month following (and including) the month in which the Conversion Date occurs and each six-month period thereafter First day of the seventh calendar month following (and including) the month in which the Conversion Date occurs and the first day of each every sixth calendar month after effective date of Term Interest Rate and on the first Business Day after the end of each Term Interest Period thereafter Fifteenth of the month before the Interest Payment Date if 11 If the Term Conversion Date does not coincide with the first day of the Accrual Period for the new Interest Rate Period, then the first day of such Accrual Period is more than six monthsshall be the Conversion Date, but all other terms and conditions shall be as set forth in the last Business Day before Interest Payment Date if the Term Interest Period is six months or less ***above Table.

INTEREST PAYMENT AND RECORD DATES. Interest will accrue on the unpaid portion of the principal of this Bond from the Dated Date stated above and thereafter from the Interest Payment Date (as hereinafter defined) next preceding the last date of authentication hereof to which interest has been was paid or duly provided for, unless the date of authentication hereof is an Interest Payment Date to which interest has been paid or duly provided for, in which case from the date of authentication hereof, or unless no interest has been paid or duly provided for on the Bonds of this series, in which case from the Dated Date; provided, however, that if the date of authentication is between the Record Date (as hereinafter defined) for any Interest Payment Date and such Interest Payment Date, then interest will accrue from such Interest Payment Date or, if the Company shall default in payment of the interest due on such Interest Payment Date, then from the next preceding Interest Payment Date to which interest has been paid or duly provided for, or if no interest has been paid or duly provided forpaid, then from the Dated Datedate of the original issuance of the Bonds until the entire principal amount of this Bond is paid. When interest on this Bond is payable at the rate shown in the first column below, interest accrued during the period (an “Interest Period”"INTEREST PERIOD") shown in the second column below will be paid on the date (an “Interest Payment Date”"INTEREST PAYMENT DATE") shown in the third column below to holders of record the Registered Owner on the date (a “Record Date”"RECORD DATE") shown in the fourth columncolumn below: INTEREST RATE INTEREST PERIOD PAYMENT DATE RECORD DATE Daily* Interest Payment Date to Interest Payment Date First Business Day of each First Business Day of the next month Last Business Day before calendar month through the day next succeeding Interest Interest Payment Date prior to the first Business Day of Period the next succeeding calendar month Weekly* Interest Payment Date to Interest Payment Date First Business Day of each First Business Day of the next month Last Business Day before calendar month through the day next succeeding Interest Interest Payment Date prior to the first Business Day of Period the nextsucceeding calendar month Commercial Paper From 1 one to 270 365 days as determined for each Bond pursuant to the Agreement (“Commercial Paper Period”) Day after the last day of Commercial Paper Period Last Business Day before determined for each Bond Commercial Paper Period Interest Payment Date pursuant to Section 2.02(a)(3) of the Indenture ("COMMERCIAL PAPER PERIOD") Long-Term** 30 days Six-month period or longer Each first portion Next March 1 or Fifteenth of the month thereof ending March 1 or September 1 before the Interest Payment September 1 Date (February 15 or August 15)*** -------------------- * If there shall be a change from a Daily Rate or a Weekly Rate on a day of each sixth calendar month after effective date of Term Interest Rate and on other than the first Business Day after of a calendar month, the end of each Term then current Interest Period Fifteenth of relating to such Daily Rate or Weekly Rate shall end on the month before day immediately preceding the date on which the new interest rate on the Bonds shall become effective, which date shall be the Interest Payment Date for such Interest Period, for which the Record Date shall be the immediately preceding Business Day. If such new interest rate shall be a Daily Rate or a Weekly Rate, the first Interest Period relating thereto shall begin on the effective date of such new interest rate and end on the day prior to the first Business Day of the next succeeding calendar month, for which the Interest Payment Date and the Record Date shall be as prescribed in this Table. ** If there shall be a change from a Long-Term Interest Rate on a day other than the day after the last day of the then current Long-Term Interest Rate Period, or if the there shall be an early termination of such Long-Term Interest Rate Period is more than six months, and the last Business Day before Interest Payment Date if the a new Long-Term Interest Period is six months or less ***Rate shall be set, such Long-Term Interest Rate Period