Common use of Terms and Form of the Series 1997 Debentures Clause in Contracts

Terms and Form of the Series 1997 Debentures. (a) The Series 1997 Debentures shall be designated "[SUBSIDIARY NAME], _____% Junior Subordinated Deferrable Interest Debentures, Series 1997." The Series 1997 Debentures and the Trustee's Certificate of Authentication shall be substantially in the form of Exhibit A attached hereto. The Series 1997 Debentures shall initially be represented by a single certificate registered in the name of The Bank of New York as Property Trustee for the benefit of Trust I. The terms and provisions contained in the Series 1997 Debentures shall constitute, and are hereby expressly made, a part of this Junior Indenture. The Company, the Trustee and the Guarantor, by their execution and delivery of this Junior Indenture, expressly agree to such terms and provisions and to be bound thereby.

Terms and Form of the Series 1997 Debentures. (a) The Series 1997 Debentures shall be designated "[SUBSIDIARY NAME]Hawaiian Electric Company, Inc., _____% Junior Subordinated Deferrable Interest Debentures, Series 1997." The Series 1997 Debentures and the Trustee's Certificate of Authentication shall be substantially in the form of Exhibit A attached hereto. The Series 1997 Debentures shall initially be represented by a single certificate registered in the name of The Bank of New York as Property Trustee for the benefit of Trust I. The terms and provisions contained in the Series 1997 Debentures shall constitute, and are hereby expressly made, a part of this Junior Indenture. The Company, the Trustee Company and the GuarantorTrustee, by their execution and delivery of this Junior Indenture, expressly agree to such terms and provisions and to be bound thereby.

Terms and Form of the Series 1997 Debentures. (a) The Series 1997 Debentures shall be designated "[SUBSIDIARY NAME]Hawaii Electric Light Company, _____Inc., 8.05% Junior Subordinated Deferrable Interest Debentures, Series 1997." The Series 1997 Debentures and the Trustee's Certificate of Authentication shall be substantially in the form of Exhibit A attached hereto. The Series 1997 Debentures shall initially be represented by a single certificate registered in the name of The Bank of New York as Property Trustee for the benefit of Trust I. The terms and provisions contained in the Series 1997 Debentures shall constitute, and are hereby expressly made, a part of this Junior Indenture. The Company, the Trustee and the Guarantor, by their execution and delivery of this Junior Indenture, expressly agree to such terms and provisions and to be bound thereby.

Terms and Form of the Series 1997 Debentures. (a) The Series 1997 Debentures shall be designated "[SUBSIDIARY NAME]Maui Electric Company, _____Limited, 8.05% Junior Subordinated Deferrable Interest Debentures, Series 1997." The Series 1997 Debentures and the Trustee's Certificate of Authentication shall be substantially in the form of Exhibit A attached hereto. The Series 1997 Debentures shall initially be represented by a single certificate registered in the name of The Bank of New York as Property Trustee for the benefit of Trust I. The terms and provisions contained in the Series 1997 Debentures shall constitute, and are hereby expressly made, a part of this Junior Indenture. The Company, the Trustee and the Guarantor, by their execution and delivery of this Junior Indenture, expressly agree to such terms and provisions and to be bound thereby.

Terms and Form of the Series 1997 Debentures. (a) The Series 1997 Debentures shall be designated "[SUBSIDIARY NAME]Hawaiian Electric Company, _____Inc., 8.05% Junior Subordinated Deferrable Interest Debentures, Series 1997." The Series 1997 Debentures and the Trustee's Certificate of Authentication shall be substantially in the form of Exhibit A attached hereto. The Series 1997 Debentures shall initially be represented by a single certificate registered in the name of The Bank of New York as Property Trustee for the benefit of Trust I. The terms and provisions contained in the Series 1997 Debentures shall constitute, and are hereby expressly made, a part of this Junior Indenture. The Company, the Trustee Company and the GuarantorTrustee, by their execution and delivery of this Junior Indenture, expressly agree to such terms and provisions and to be bound thereby.