Common use of THE DETROIT EDISON Clause in Contracts

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trustee, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ ) in lawful money of the United States of America on the date specified in the title hereof and interest thereon on such date or dates provided for in a Collateral Trust Indenture, dated as of June 30, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 (hereinafter called the "Third Supplemental Note Trust Indenture"), between the Company and Bankers Trust Company, as Note Trustee (hereinafter called the "Note Indenture Trustee"). This bond of 1994 Series C shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant to Section 401(b) of the Note Trust Indenture, this bond was originally issued to the Note Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to as "Secured Notes, 1994C"). Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trusteethe Michigan Strategic Fund, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ $) in lawful money of the United States of America on the date specified in the title hereof and interest thereon at the rate specified in the title hereof, in like lawful money, from May 1, 1991, and after the first payment of interest on such bonds of this Series has been made or otherwise provided for, from the most recent date to which interest has been paid or dates otherwise provided for in a Collateral Trust Indenturefor, dated as semi-annually on May 1 and November 1 of June 30each year (commencing November 1, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 (hereinafter called the "Third Supplemental Note Trust Indenture"1991), between the Company and Bankers Trust Company, as Note Trustee (hereinafter called the "Note Indenture Trustee"). This bond of 1994 Series C shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant to Section 401(b) of the Note Under a Trust Indenture, this dated as of May 1, 1991 (hereinafter called the "Strategic Fund Trust Indenture"), between the Michigan Strategic Fund (hereinafter called "Strategic Fund"), and Manufacturers National Bank of Detroit, as trustee (hereinafter called the "Strategic Fund Trust Indenture Trustee"), the Strategic Fund has issued Limited Obligation Refunding Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Collateralized Series 1991AA (hereinafter called the "Strategic Fund Revenue Bonds"). This bond was originally issued to the Note Strategic Fund and simultaneously irrevocably assigned to the Strategic Fund Trust Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to as "Secured Notes, 1994C")Strategic Fund Revenue Bonds. Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C Strategic Fund Revenue Bonds shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trusteethe Michigan Strategic Fund, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ ) in lawful money of the United States of America on the date specified in the title hereof and interest thereon in like lawful money, on such date or dates in each case as provided for in a Collateral the Trust Indenture, dated as of June 30August 1, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 2000 (hereinafter called the "Third Supplemental Note Strategic Fund Trust Indenture"), between the Company and Bankers Trust Company, as Note Trustee Michigan Strategic Fund (hereinafter called the "Note Strategic Fund") and Bank One Trust Company, N.A., as trustee (hereinafter "Strategic Fund Trust Indenture Trustee"). This bond of 1994 2000 Series C BP shall bear interest at a maximum rate or rates of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and as set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter ), until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant issued or until such time as the bonds of 2000 Series BP shall be revoked pursuant to Section 401(b) the terms of the Note Strategic Fund Trust Indenture, this in which event all principal shall be deemed to be discharged within the meaning of the Indenture. Under the Strategic Fund Trust Indenture, the Strategic Fund has issued Variable Rate Limited Obligation Refunding Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Collateralized Series 2000B (hereinafter called the "Strategic Fund Revenue Bonds"). This bond was originally issued to the Note Strategic Fund and simultaneously assigned to the Strategic Fund Trust Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to Strategic Fund Revenue Bonds. Such assignment shall be irrevocable except as "Secured Notes, 1994C")provided in the Indenture. Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C Strategic Fund Revenue Bonds shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. The Company may elect to revoke the bonds of 2000 Series BP pursuant to the terms of the Strategic Fund Trust Indenture. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trusteethe Michigan Strategic Fund, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ $) in lawful money of the United States of America on the date specified in the title hereof and interest thereon at the rate specified in the title hereof, in like lawful money, from May 1, 1991, and after the first payment of interest on such bonds of this Series has been made or otherwise provided for, from the most recent date to which interest has been paid or dates otherwise provided for in a Collateral Trust Indenturefor, dated as semi-annually on May 1 and November 1 of June 30each year (commencing November 1, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 (hereinafter called the "Third Supplemental Note Trust Indenture"1991), between the Company and Bankers Trust Company, as Note Trustee (hereinafter called the "Note Indenture Trustee"). This bond of 1994 Series C shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant to Section 401(b) of the Note Under a Trust Indenture, this dated as of May 1, 1991 (hereinafter called the "Strategic Fund Trust Indenture"), between the Michigan Strategic Fund (hereinafter called "Strategic Fund"), and Manufacturers National Bank of Detroit, as trustee (hereinafter called the "Strategic Fund Trust Indenture Trustee"), the Strategic Fund has issued Limited Obligation Refunding Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Collateralized Series 1991BB (hereinafter called the "Strategic Fund Revenue Bonds"). This bond was originally issued to the Note Strategic Fund and simultaneously irrevocably assigned to the Strategic Fund Trust Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to as "Secured Notes, 1994C")Strategic Fund Revenue Bonds. Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C Strategic Fund Revenue Bonds shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trusteethe Michigan Strategic Fund, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ ) in lawful money of the United States of America on the date specified in the title hereof and interest thereon in like lawful money, on such date or dates in each case as provided for in a Collateral the Trust Indenture, dated as of June 30August 1, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 1999 (hereinafter called the "Third Supplemental Note Strategic Fund Trust Indenture"), between the Company and Bankers Trust Company, as Note Trustee Michigan Strategic Fund (hereinafter called the "Note Strategic Fund") and Bank One Trust Company, NA, as trustee (hereinafter "Strategic Fund Trust Indenture Trustee"). This bond of 1994 1999 Series C BP shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and as set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter ), until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant issued or until such time as the bonds of 1999 Series BP shall be revoked pursuant to Section 401(b) the terms of the Note Strategic Fund Trust Indenture, this in which event all principal shall be deemed to be discharged within the meaning of the Indenture. Under the Strategic Fund Trust Indenture, the Strategic Fund has issued Variable Rate Demand Limited Obligation Refunding Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Collateralized Series 1999B (hereinafter called the "Strategic Fund Revenue Bonds"). This bond was originally issued to the Note Strategic Fund and simultaneously assigned to the Strategic Fund Trust Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to Strategic Fund Revenue Bonds. Such assignment shall be irrevocable except as "Secured Notes, 1994C")provided in the Indenture. Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C Strategic Fund Revenue Bonds shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. The Company may elect to revoke the bonds of 1999 Series BP pursuant to the terms of the Strategic Fund Trust Indenture. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.. 21 18

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trusteethe Michigan Strategic Fund, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ ) in lawful money of the United States of America on the date specified in the title hereof and interest thereon on such date or dates provided for at the rate specified in a Collateral Trust Indenturethe title hereof, dated as of in like lawful money, from June 30, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August 15, 1994 1994, and after the first payment of interest on bonds of this Series has been made or otherwise provided for, from the most recent date to which interest has been paid or otherwise provided for, semi-annually on June 15 and December 15 of each year (hereinafter called the "Third Supplemental Note Trust Indenture"commencing December 15, 1994), between the Company and Bankers Trust Company, as Note Trustee (hereinafter called the "Note Indenture Trustee"). This bond of 1994 Series C shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant to Section 401(b) of the Note Under a Trust Indenture, this dated as of June 15, 1994 (hereinafter called the "Strategic Fund Trust Indenture"), between the Michigan Strategic Fund (hereinafter called "Strategic Fund"), and NBD Bank, N.A., as trustee (hereinafter called the "Strategic Fund Trust Indenture Trustee"), the Strategic Fund has issued Limited Obligation Refunding Revenue Bonds (The Detroit Edison Company Pollution Control Bonds Project), Collateralized Series 1994BB (hereinafter called the "Strategic Fund Revenue Bonds"). This bond was originally issued to the Note Strategic Fund and simultaneously irrevocably assigned to the Strategic Fund Trust Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 Series C Due 2034 (hereinafter referred to as "Secured Notes, 1994C")Strategic Fund Revenue Bonds. Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C Strategic Fund Revenue Bonds shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.

THE DETROIT EDISON. COMPANY (hereinafter called the "Company"), a corporation of the State of Michigan, for value received, hereby promises to pay to Bankers Trust Company, as Note Trustee, or registered assigns, at the Company's office or agency in the Borough of Manhattan, The City and State of New York, the principal sum of dollars ($ ) in lawful money of the United States of America on the date specified in the title hereof and interest thereon on such date or dates provided for in a Collateral Trust Indenture, dated as of June 30, 1993, as amended (hereinafter called "Note Trust Indenture") and as further amended by the Third Supplemental Note Indenture dated as of August September 15, 1994 1993 (hereinafter called the "Third Supplemental Note Trust Indenture"), between the Company and Bankers Trust Company, as Note Trustee (hereinafter called the "Note Indenture Trustee"). This bond of 1994 1993 Series C K shall bear interest at a maximum rate of 15% per annum (unless such maximum rate shall be increased by resolution of the Company's Board of Directors and set forth in an additional Supplemental Indenture between the Company and the Trustee) or such lessor amount as shall be provided in the Third Supplemental Note Trust Indenture on such date or dates provided for in the Third Supplemental Note Trust Indenture and thereafter until the Company's obligation with respect to payment of said principal shall have been discharged, all as provided, to the extent and in the manner specified in the Indenture hereinafter mentioned on the reverse hereof and in the supplemental indenture pursuant to which this bond has been issued. Pursuant to Section 401(b) of the Note Trust Indenture, this This bond was originally issued to the Note Indenture Trustee so as to secure the payment of the Company's Remarketed Secured Notes, 1994 1993 Series C Due 2034 B (hereinafter referred to as "Secured Notes, 1994C1993B"). Payments of principal of, or premium, if any, or interest on, the Secured Notes, 1994C 1993B shall constitute like payments on this bond as further provided herein and in the supplemental indenture pursuant to which this bond has been issued. Reference is hereby made to such further provisions of this bond set forth on the reverse hereof and such further provisions shall for all purposes have the same effect as though set forth at this place. This bond shall not be valid or become obligatory for any purpose until Bankers Trust Company, the Trustee under the Indenture hereinafter mentioned on the reverse hereof, or its successor thereunder, shall have signed the form of certificate endorsed hereon.