Common use of Promissory Note; First Mortgage Bonds Clause in Contracts

Promissory Note; First Mortgage Bonds. The Lessee and the Owner Participant agree that a replacement Promissory Note in the amount of $109,288,603.42, dated the Refunding Date and reflecting the revisions to the Value Schedules contemplated by Lease Supplement No. 1 shall be delivered to the Owner Participant in exchange for the Promissory Note dated September 28, 1989 as contemplated by the last sentence of Section 16(a)(3) of the Participation Agreement. In addition, the Owner Participant shall surrender to the Lessee for retirement and cancellation First Mortgage Bonds as contemplated by the last sentence of Section 16(e)(4) of the Participation Agreement.

Promissory Note; First Mortgage Bonds. The Lessee and the Owner Participant agree that a replacement Promissory Note in the amount of $109,288,603.4229,288,143.97, dated the Refunding Date and reflecting the revisions to the Value Schedules contemplated by Lease Supplement No. 1 shall be delivered to the Owner Participant in exchange for the Promissory Note dated September 28, 1989 as contemplated by the last sentence of Section 16(a)(3) of the Participation Agreement. In addition, the Owner Participant shall surrender to the Lessee for retirement and cancellation First Mortgage Bonds as contemplated by the last sentence of Section 16(e)(4) of the Participation Agreement.

Promissory Note; First Mortgage Bonds. The Lessee and the Owner Participant agree that a replacement Promissory Note in the amount of $109,288,603.4254,626,322.18, dated the Refunding Date and reflecting the revisions to the Value Schedules contemplated by Lease Supplement No. 1 shall be delivered to the Owner Participant in exchange for the Promissory Note dated September 28, 1989 as contemplated by the last sentence of Section 16(a)(3) of the Participation Agreement. In addition, the Owner Participant shall surrender to the Lessee for retirement and cancellation First Mortgage Bonds as contemplated by the last sentence of Section 16(e)(4) of the Participation Agreement.

Promissory Note; First Mortgage Bonds. The Lessee and the Owner Participant agree that a replacement Promissory Note in the amount of $109,288,603.42, dated the Refunding Date and reflecting the revisions to the Value Schedules contemplated by Lease Supplement No. 1 shall be delivered to the Owner Participant in exchange for the Promissory Note dated September 28, 1989 as contemplated by the last sentence of Section 16(a)(3) of the Participation Agreement. In addition, the Owner Participant shall surrender to the Lessee for retirement and cancellation First Mortgage Bonds in the principal amount of $ , as contemplated by the last sentence of Section 16(e)(4) of the Participation Agreement.]