RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO:
Exhibit 4.1
RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
U.S. BANK NATIONAL ASSOCIATION
000 X. XXXXX XXXXXX, 24th FLOOR
LOS ANGELES, CA 90071
ATTN: GLOBAL CORPORATE TRUST SERVICES
Index as a UCC Filing and an Indenture
This is a Security Agreement and a Mortgage of Chattels
as well as a Mortgage of Real Estate and Other Property
SIXTY-SEVENTH SUPPLEMENTAL INDENTURE
FROM
SAN DIEGO GAS & ELECTRIC COMPANY
TO
U.S. BANK NATIONAL ASSOCIATION, as Trustee
****************
Dated as of May 17, 2018
THIS SIXTY-SEVENTH SUPPLEMENTAL INDENTURE IS A SECURITY
AGREEMENT AND A MORTGAGE OF CHATTELS AS WELL AS
A MORTGAGE OF REAL ESTATE AND OTHER PROPERTY
THIS SIXTY-SEVENTH SUPPLEMENTAL INDENTURE, dated as of May 17, 2018, by and between SAN DIEGO GAS & ELECTRIC COMPANY, a corporation duly organized and existing under and by virtue of the laws of the State of California, having its principal office in that State in the City of San Diego (the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a banking association duly organized under an act known as the “National Bank Act,” of the United States of America, having a corporate trust office in the City of Los Angeles, State of California, as Trustee (the “Trustee”).
WHEREAS, the Company executed and delivered a Mortgage and Deed of Trust (the “Original Indenture”), dated July 1, 1940, to The Bank of California, National Association, as predecessor trustee to Bankers Trust Company of California, National Association, as predecessor trustee to First Trust of California, National Association, (subsequently renamed U.S. Bank Trust National Association) as predecessor trustee to the Trustee, to secure payment of the principal of and the interest on all bonds of the Company at any time outstanding thereunder according to their tenor and effect, and to provide the terms and provisions with respect to its First Mortgage Bonds, 3 3/8% Series due July 1, 1970, issued in the aggregate principal amount of $16,000,000 and heretofore retired; and
WHEREAS, the Company executed and delivered to the then current trustee, a First Supplemental Indenture dated as of December 1, 1946, a Second Supplemental Indenture dated as of March 1, 1948, a Third Supplemental Indenture dated as of April 1, 1952, a Fourth Supplemental Indenture dated as of April 1, 1954, a Fifth Supplemental Indenture dated as of October 1, 1955, a Sixth Supplemental Indenture dated as of October 1, 1957, a Seventh Supplemental Indenture dated as of October 1, 1960, an Eighth Supplemental Indenture dated as of March 1, 1967, a Tenth Supplemental Indenture dated as of December 1, 1968, an Eleventh Supplemental Indenture dated as of February 1, 1970, a Twelfth Supplemental Indenture dated as of September 1, 1971, a Thirteenth Supplemental Indenture dated as of January 15, 1974, a Fourteenth Supplemental Indenture dated as of December 15, 1974, a Fifteenth Supplemental Indenture dated as of May 1, 1975, a Seventeenth Supplemental Indenture dated as of July 15, 1976, an Eighteenth Supplemental Indenture dated as of March 15, 1977, a Nineteenth Supplemental Indenture dated as of May 1, 1978, a Twentieth Supplemental Indenture dated as of March 15, 1980, a Twenty-First Supplemental Indenture dated as of August 1, 1980, a Twenty-Second Supplemental Indenture dated as of July 15, 1981, a Twenty-Third Supplemental Indenture dated as of January 15, 1982, a Twenty-Fourth Supplemental Indenture dated as of August 16, 1982, a Twenty-Fifth Supplemental Indenture dated as of August 16, 1982, a Twenty-Sixth Supplemental Indenture dated as of August 16, 1982, a Twenty-Seventh Supplemental Indenture dated as of June 1, 1983, a Twenty-Eighth Supplemental Indenture dated as of July 15, 1983, a Twenty-Ninth Supplemental Indenture dated as of September 1, 1983, a Thirty-First Supplemental Indenture dated as of May 1, 1984, a Thirty-Second Supplemental Indenture dated as of December 1, 1984, a Thirty-Third Supplemental Indenture dated as of September 1, 1985, a Thirty-Fourth Supplemental Indenture dated as of December 1, 1985, a Thirty-Fifth Supplemental Indenture dated as of July 1, 1986, a Thirty-Sixth Supplemental Indenture dated as of December 1, 1986, a Thirty-Seventh Supplemental Indenture dated as of September 1, 1987, a Thirty-Eighth Supplemental Indenture dated as of April 15, 1990, a Thirty-Ninth Supplemental Indenture dated as of December 1, 1991, a Fortieth Supplemental Indenture dated as of April 1, 1992, a Forty-First Supplemental Indenture dated as of June 15, 1992, a Forty-Second Supplemental Indenture dated as of September 1, 1992, a Forty-Third Supplemental Indenture dated as of December 1, 1992, a Forty-Fourth Supplemental Indenture dated as of April 1, 1993, a Forty-Fifth Supplemental Indenture dated as of June 1, 1993, a Forty-Sixth Supplemental Indenture dated as of July 1, 1993, a Forty-Seventh Supplemental Indenture dated as of June 1, 1995, a Forty-Eighth Supplemental Indenture dated as of June 1, 1995, a Forty-Ninth Supplemental Indenture dated as of June 1, 2004, a Fiftieth Supplemental Indenture dated as of May 19, 2005, a Fifty-First Supplemental Indenture dated as of November 17, 2005, a Fifty-Second Supplemental Indenture dated as of June 8, 2006, a Fifty-Third Supplemental Indenture dated as of September 1, 2006, a Fifty-Fourth Supplemental Indenture dated as of September 20, 2007, a Fifty-Fifth Supplemental Indenture dated as of May 14, 2009, a Fifty-Sixth Supplemental Indenture dated as of May 13, 2010, a Fifty-Seventh Supplemental Indenture dated as of August 26, 2010, a Fifty-Eighth Supplemental Indenture dated as of August 18, 2011, a Fifty-Ninth Supplemental Indenture dated as of October 6, 2011, a Sixtieth Supplemental Indenture dated as of November 17, 2011, a Sixty-First Supplemental Indenture dated as of March 22, 2012, a Sixty-Second Supplemental Indenture dated as of September 9, 2013, a Sixty-Third Supplemental Indenture dated as of
March 12, 2015, a Sixty-Fourth Supplemental Indenture dated as of March 12, 2015, a Sixty-Fifth Supplemental Indenture dated May 19, 2016 and a Sixty-Sixth Supplemental Indenture dated as of June 8, 2017, whereby, among other things, the Company set forth certain of the particulars of the Bonds of series designated “First Mortgage Bonds, 2 3/4% Series due December 1, 1981” issued in the aggregate principal amount of $2,800,000, “First Mortgage Bonds, Series C due 1978” issued in the aggregate principal amount of $10,000,000, “First Mortgage Bonds, Series D due 1982” issued in the aggregate principal amount of $12,000,000, “First Mortgage Bonds, Series E due 1984” issued in the aggregate principal amount of $17,000,000, “First Mortgage Bonds, Series F due 1985” issued in the aggregate principal amount of $18,000,000, “First Mortgage Bonds, Series G due 1987” issued in the aggregate principal amount of $12,000,000, “First Mortgage Bonds, Series H due 1990” issued in the aggregate principal amount of $30,000,000, “First Mortgage Bonds, Series I due 1997” issued in the aggregate principal amount of $25,000,000, “First Mortgage Bonds, Series J due 1998” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series K due 2000” issued in the aggregate principal amount of $40,000,000, “First Mortgage Boards, Series L due 2001” issued in the aggregate principal amount of $45,000,000, “First Mortgage Bonds, Series M due 2004” issued in the aggregate principal amount of $75,000,000, “First Mortgage Bonds, Series N due 1979” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series O due 1982” issued in the aggregate principal amount of $40,000,000, “First Mortgage Bonds, Series P due 2006” issued in the aggregate principal amount of $45,000,000, “First Mortgage Bonds, Series Q due 2007” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series R due 2008” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series S due 2010” issued in the aggregate principal amount of $50,000,000, “First Mortgage Bonds, Series T due 2010” issued in the aggregate principal amount of $75,000,000, “First Mortgage Bonds, Series U-1 due 1984, and U-2 due 1994” issued in the aggregate principal amount of $6,567,000 for Series U-1 and $13,268,000 for Series U-2, “First Mortgage Bonds, Series V due 2011” issued in the aggregate amount of $50,000,000, “First Mortgage Bonds, Series W due 1988” issued in the aggregate principal amount of $40,000,000, “First Mortgage Bonds, Series X due 1987” issued in the aggregate principal amount of $20,000,000, “First Mortgage Bonds, Series Y due 1987” issued in the aggregate principal amount of $15,000,000, “First Mortgage Bonds, Series Z, due 2013” issued in the aggregate principal amount of $65,000,000, “First Mortgage Bonds, Series AA, due 2018” issued in the aggregate principal amount of $150,000,000, “First Mortgage Bonds, Series BB, due 2018” issued in the aggregate principal amount of $150,000,000, “First Mortgage Bonds, Series CC, due 2008” issued in the aggregate principal amount of $53,000,000, “First Mortgage Bonds Series DD, due 2008” issued in the aggregate principal amount of $27,000,000, “First Mortgage Bonds, Series EE, due 2015” issued in the aggregate principal amount of $100,000,000, “First Mortgage Bonds, Series FF, due 2007” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series GG, due 2021” issued in the aggregate principal amount of $44,250,000, “First Mortgage Bonds, Series HH, due 2021” issued in the aggregate principal amount of $81,350,000, “First Mortgage Bonds, Series II due 2023” issued in the aggregate principal amount of $25,000,000, “First Mortgage Bonds, Series JJ, due 2015” issued in aggregate principal amount of $100,000,000, “First Mortgage Bonds, Series KK, due 2015” issued in the aggregate principal amount of $14,400,000, “First Mortgage Bonds, Series LL, due 2022” issued in the aggregate principal amount of $60,000,000, “First Mortgage Bonds, Series MM due 2002” issued in the aggregate principal amount of $80,000,000, “First Mortgage Bonds, Series NN” issued in the aggregate principal amount of $118,615,000, “First Mortgage Bonds, Series OO due 2027” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series PP, due 2018” issued in the aggregate principal amount of $70,795,000, “First Mortgage Bonds, Series QQ, due 2018” issued in the aggregate principal amount of $14,915,000, “First Mortgage Bonds, Series RR, due 2021” issued in the aggregate principal amount of $60,000,000, “First Mortgage Bonds, Series SS, due 2018” issued in the aggregate principal amount of $92,945,000, “First Mortgage Bonds, Series TT due 2020” issued in the aggregate principal amount of $57,650,000, “First Mortgage Bonds, Series UU due 2020” issued in the aggregate principal amount of $16,700,000, “First Mortgage Bonds, Series VV due 2034” issued in the aggregate principal amount of $43,615,000, “First Mortgage Bonds, Series WW due 2034” issued in the aggregate principal amount of $40,000,000, “First Mortgage Bonds, Series XX due 2034” issued in the aggregate principal amount of $35,000,000, “First Mortgage Bonds, Series YY due 2034” issued in the aggregate principal amount of $24,000,000, “First Mortgage Bonds, Series ZZ due 2034” issued in the aggregate principal amount of $33,650,000, “First Mortgage Bonds, Series AAA due 2039” issued in the aggregate principal amount of $75,000,000, “First Mortgage Bonds, Series BBB due 2035” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series CCC due 2015” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series DDD due 2026” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series EEE due 2018” issued in the aggregate principal amount of $161,240,000, “First Mortgage Bonds, Series FFF due 2037” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series GGG due 2039” issued in the aggregate principal amount
2
of $300,000,000, “First Mortgage Bonds, Series HHH due 2040” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series III due 2040” issued in the aggregate principal amount of $500,000,000, “First Mortgage Bonds, Series JJJ due 2021” issued in the aggregate principal amount of $350,000,000, “First Mortgage Bonds, Series LLL due 2041” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series MMM due 2042” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series NNN due 2023” issued in the aggregate principal amount of $450,000,000, “Floating Rate First Mortgage Bonds, Series OOO due 2017” issued in the aggregate principal amount of $140,000,000, “Amortizing First Mortgage Bonds, Series PPP due 2022” issued in the aggregate principal amount of $250,000,000, “First Mortgage Bonds, Series QQQ due 2026” issued in the aggregate principal amount of $500,000,000 and “First Mortgage Bonds, Series RRR due 2047” issued in the aggregate principal amount of $400,000,000, respectively, all of which First Mortgage Bonds have heretofore been retired or redeemed, except the Series VV due 2034, the Series WW due 2034, the Series XX due 2034, the Series YY due 2034, the Series ZZ due 2034, the Series AAA due 2039, the Series BBB due 2035, the Series DDD due 2026, the Series EEE due 2018, the Series FFF due 2037, the Series GGG due 2039, the Series HHH due 2040, the Series III due 2040, the Series JJJ due 2021, the Series LLL due 2041, the Series MMM due 2042, the Series NNN due 2023, the Series PPP due 2022, the Series QQQ due 2026 and the Series RRR due 2047, which are presently issued and outstanding; and
WHEREAS, certain of the provisions of the Original Indenture have been amended by the aforesaid Second and Tenth Supplemental Indentures, a Ninth Supplemental Indenture dated as of August 1, 1968 and a Sixteenth Supplemental Indenture dated August 28, 1975; and
WHEREAS, the Original Indenture and each of said Supplemental Indentures have been recorded in the Official Records of the Recorders of the Counties of San Diego, Orange, Riverside, and Imperial in the State of California, the Counties of Yuma and Maricopa in the State of Arizona and the County of Xxxxx in the State of Nevada, as follows:
Counties of | ||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial | |||||
Book | 1087 | 1062 | 1765 | 1369 | ||||||
Original | Page | 1 | 300 | 364 | 232 | |||||
Indenture | Date | Oct. 10, 1940 | Oct. 10, 1940 | July 13, 1955 | Nov. 22, 1974 | |||||
First | Book | 2321 | 1506 | 1765 | 1369 | |||||
Supplemental | Page | 48 | 472 | 499 | 332 | |||||
Indenture | Date | Jan. 2, 1947 | Jan. 9, 1947 | July 13, 1955 | Nov. 22, 1974 | |||||
Second | Book | 2537 | 1616 | 1765 | 1369 | |||||
Supplemental | Page | 363 | 190 | 448 | 343 | |||||
Indenture | Date | Mar. 16, 1948 | Mar. 15, 1948 | July 13, 1955 | Nov. 22, 1974 | |||||
Third | Book | 4424 | 2311 | 1765 | 1369 | |||||
Supplemental | Page | 535 | 116 | 475 | 370 | |||||
Indenture | Date | Apr. 3, 1952 | Apr. 3, 1952 | July 13, 1955 | Nov. 22, 1974 | |||||
Fourth | Book | 5193 | 2701 | 1765 | 1369 | |||||
Supplemental | Page | 217 | 153 | 336 | 409 | |||||
Indenture | Date | Apr. 2, 1954 | Apr. 2, 1954 | July 13, 1955 | Nov. 22, 1974 | |||||
Fifth | Book | 5893 | 3304 | 1829 | 2369 | |||||
Supplemental | Page | 291 | 205 | 3 | 456 | |||||
Indenture | Date | Dec. 5, 1955 | Dec. 5, 1955 | Dec. 5, 1955 | Nov. 22, 1974 | |||||
Sixth | Book | 6829 | 4099 | 2175 | 1369 | |||||
Supplemental | Page | 390 | 109 | 538 | 492 | |||||
Indenture | Date | Nov. 12, 1957 | Nov. 12, 1957 | Nov. 12, 1957 | Nov. 22, 1974 | |||||
Seventh | Book | 1960 Series 1 | 5455 | 2780 | 1369 |
3
Counties of | ||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial | |||||
Supplemental | Page | File No. 202061 | 385 | 3 | 541 | |||||
Indenture | Date | Oct. 10, 1960 | Oct. 10, 1960 | Oct. 10, 1960 | Nov. 22, 1974 | |||||
Eighth | Book | 1967 Series 8 | 8197 | Endorsement | 1369 | |||||
Supplemental | Page | File No. 33860 | 129 | No. 20925 | 618 | |||||
Indenture | Date | Mar. 13, 1967 | Mar. 13, 1967 | Mar. 13, 1967 | Nov. 22, 1974 | |||||
Ninth | Book | 1968 Series 9 | 8691 | 1369 | ||||||
Supplemental | Page | 69 | 694 | |||||||
Indenture | Doc. No. | 138926 | 9816 | 78781 | ||||||
Date | Aug. 14, 1968 | Aug. 14, 1968 | Aug. 14, 1968 | Nov. 22, 1974 | ||||||
Tenth | Book | 1968 Series 9 | 8810 | Endorsement | 1369 | |||||
Supplemental | Page | 375 | No. 119982 | 706 | ||||||
Indenture | Doc. No. | 215131 | ||||||||
Date | Dec. 9, 1968 | Dec. 9, 1968 | Dec. 9, 1968 | Nov. 22, 1974 | ||||||
Eleventh | Book | 1970 | 9217 | Endorsement | 1369 | |||||
Supplemental | Page | 516 | No. 14780 | 725 | ||||||
Indenture | Doc. No. | 27782 | ||||||||
Date | Feb. 16, 1970 | Feb. 16, 1970 | Feb. 16, 1970 | Nov. 22, 1974 | ||||||
Twelfth | Book | File/Page | 9810 | Endorsement | 1369 | |||||
Supplemental | Page | No. 212688 | 539 | No. 106508 | 744 | |||||
Indenture | Date | Sept. 20, 1971 | Sept. 20, 1971 | Sept. 20, 1971 | Nov. 22, 1974 | |||||
Thirteenth | Book | File/Page | 11055 | Endorsement | 1369 | |||||
Supplemental | Page | No. 74-006878 | 1 | No. 3853 | 763 | |||||
Indenture | Date | Jan. 10, 1974 | Jan. 10, 1974 | Jan. 10, 1974 | Nov. 22, 1974 | |||||
Fourteenth | Book | File/Page | 11303 | Endorsement | 1369 | |||||
Supplemental | Page | No. 74-322156 | 458 | No. 157219 | 1689 | |||||
Indenture | Date | Dec. 11, 1974 | Dec. 11, 1974 | Dec. 11, 1974 | Dec. 11, 1974 | |||||
Fifteenth | Book | File/Page | 11395 | Instrument | 1374 | |||||
Supplemental | Page | No. 755-108612 | 1879 | No. 52617 | 809 | |||||
Indenture | Date | May 7, 1975 | May 7, 1975 | May 7, 1975 | May 7, 1975 | |||||
Sixteenth | Book | File/Page | 11500 | Instrument | 1378 | |||||
Supplemental | Page | No. 75-235624 | 1620 | No. 107732 | 952 | |||||
Indenture | Date | Sept. 2, 1975 | Sept. 2, 1975 | Sept. 3, 1975 | Sept. 2, 1975 | |||||
Seventeenth | Book | File/Page | 11815 | Instrument | 1389 | |||||
Supplemental | Page | No. 76-224493 | 640 | No. 103484 | 687 | |||||
Indenture | Date | July 16, 1976 | July 16, 1976 | July 16, 1976 | July 16, 1976 | |||||
Eighteenth | Book | File/Page | 12110 | Instrument | 1398 | |||||
Supplemental | Page | No. 77-100483 | 58 | No. 45619 | 1675 | |||||
Indenture | Date | Mar. 18, 1977 | Mar. 18, 1977 | Mar. 18, 1977 | Mar. 18, 1977 | |||||
Nineteenth | Book | File/Page | 12672 | Instrument | 1415 | |||||
Supplemental | Page | No. 78-194210 | 1803-1822 | No. 94450 | 1638 | |||||
Indenture | Date | May 12, 1978 | May 12, 1978 | May 12, 1978 | May 12, 1978 | |||||
Twentieth | Book | File/Page | 13530 | Instrument | 1448 | |||||
Supplemental | Page | No. 80-082569 | 722 | No. 47195 | 1221 | |||||
Indenture | Date | Mar. 11, 1980 | Mar. 11,1980 | Mar. 11, 1980 | Mar. 11, 1980 | |||||
Twenty-First | Book | File/Page | 13687 | Instrument | 1455 |
4
Counties of | ||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial | |||||
Supplemental | Page | No. 80-245100 | 349 | No. 139349 | 1660 | |||||
Indenture | Date | Aug. 1, 1980 | Aug. 1, 1980 | Aug. 1, 1980 | Aug. 1, 1980 | |||||
Twenty-Second | Book | File/Page | Instrument | Instrument | 1472 | |||||
Supplemental | Page | No. 81-22576 | No. 24605 | No. 135815 | 508 | |||||
Indenture | Date | July 17, 1981 | July 17, 1981 | July 17, 1981 | July 17, 1981 | |||||
Twenty-Third | Book | File/Page | Instrument | Instrument | 1479 | |||||
Supplemental | Page | No. 82-02387 | No. 82-031423 | No. 16093 | 1714 | |||||
Indenture | Date | Jan. 27, 1982 | Jan. 27, 1982 | Jan. 27, 1982 | Jan. 27, 1982 | |||||
Twenty-Fourth | Book | File/Page | File/Page | File/Page | 1489 | |||||
Supplemental | Page | No. 82-257258 | No. 82-291894 | No. 82/143370212 | ||||||
Indenture | Date | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | |||||
Twenty-Fifth | Book | File/Page | File/Page | File/Page | 1489 | |||||
Supplemental | Page | No. 82-257259 | No. 82-291895 | No. 82-143371 | 236 | |||||
Indenture | Date | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | |||||
Twenty-Sixth | Book | File/Page | File/Page | File/Page | 1489 | |||||
Supplemental | Page | No. 82-257260 | No. 82-291896 | No. 82/143372260 | ||||||
Indenture | Date | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | Aug. 19, 1982 | |||||
Twenty-Seventh | Book | File/Page | File/Page | File/Page | 1503 | |||||
Supplemental | Page | No. 83-200545 | No. 83-253901 | No. 118670 | 743 | |||||
Indenture | Date | June 15, 1983 | June 15, 1983 | June 15, 1983 | June 15, 1983 | |||||
Twenty-Eighth | Book | File/Page | File/Page | File/Page | 1505 | |||||
Supplemental | Page | No. 83-252396 | No. 83-316224 | No. 147671 | 583 | |||||
Indenture | Date | July 22, 1983 | July 22, 1983 | July 22, 1983 | July 22, 1983 | |||||
Twenty-Ninth | Book | File/Page | File/Page | File/Page | 1508 | |||||
Supplemental | Page | No. 83-339007 | No. 83-417956 | 194083 | 1425 | |||||
Indenture | Date | Sept. 22, 1983 | Sept. 22, 1983 | Sept. 22, 1983 | Sept. 22, 1983 |
Counties of |
||||||||||
Official Records |
Xxxx |
Xxxxxxxx |
||||||||
Thirtieth | ||||||||||
Supplemental | ||||||||||
Indenture | Book | Docket 1352 | File No. | |||||||
Consisting of | Page | 272-1002 | 83-399354 | |||||||
Original and | Book | Docket 1353 | ||||||||
Twenty-Nine | Page | 1-264 | ||||||||
Supplemental | Date | Sept. 28, 1983 | Oct. 3, 1983 | |||||||
Indentures thereto |
Counties of | ||||||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial |
Yuma |
Maricopa | |||||||
Thirty-First | Book | File/Page | File/Page | File/Page | 1520 | Docket | File No. | |||||||
Supplemental | Page | 84-161897 | 84-180870 | 92011 | 1552 | 1382 | 84-186813 | |||||||
Indenture | Date | 5/2/84 | 5/2/84 | 5/2/84 | 4/30/84 | 743-761 | 5/2/84 | |||||||
4/30/84 | ||||||||||||||
Thirty- | Book | File/Page | File/Page | File/Page | 1533 | Docket | File No. | |||||||
Second | Page | 84-466428 | 84-517843 | 267452 | 753 | 1413 | 84-537706 | |||||||
Supplemental | Date | 12/14/84 | 12/14/84 | 12/14/84 | 12/14/84 | 216-235 | 12/14/84 | |||||||
Indenture | 12/14/84 |
5
Counties of | ||||||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial |
Yuma |
Maricopa | |||||||
Thirty-Third | Book | File/Page | File/Page | File/Page | 1546 | Docket | File No. | |||||||
Supplemental | Page | 85-323210 | 85-333505 | 198810 | 708 | 1450 | 85-418309 | |||||||
Indenture | Date | 9/4/85 | 9/4/85 | 9/4/85 | 9/4/85 | 816 | 9/4/85 | |||||||
9/4/85 | ||||||||||||||
Thirty-Fourth | Book | File/Page | File/Page | File/Page | 1550 | Docket | File No. | |||||||
Supplemental | Page | 85-42465 | 85-481794 | 270136 | 1573 | 1463 | 85-568874 | |||||||
Indenture | Date | 12/2/85 | 12/2/85 | 12/2/85 | 12/3/85 | 215 | 12/2/85 | |||||||
12/3/85 | ||||||||||||||
Thirty-Fifth | Book | File/Page | File/Page | File/Page | 1562 | Docket | File No. | |||||||
Supplemental | Page | 86-279922 | 86-290957 | 158161 | 549 | 1491 | 86-347412 | |||||||
Indenture | Date | 7/8/86 | 7/8/86 | 7/8/86 | 7/8/86 | 639-657 | 7/8/86 | |||||||
7/8/86 | ||||||||||||||
Thirty-Sixth | Book | File/Page | File/Page | File/Page | 1571 | Docket | File/Page | |||||||
Supplemental | Page | 86-576027 | 86-606666 | 314771 | 240 | 1512 | 86-680502 | |||||||
Indenture | Date | 12/10/86 | 12/10/86 | 12/10/86 | 12/10/86 | 5-24 | 12/10/86 | |||||||
12/10/86 | ||||||||||||||
Thirty- | Book | File/Page | File/Page | File/Page | 1588 | Docket | File/Page | |||||||
Seventh | Page | 87-532270 | 87-530266 | 273181 | 844 | 1555 | 87-585903 | |||||||
Supplemental | Date | 9/21/87 | 9/21/87 | 9/21/87 | 9/21/87 | 844 | 9/21/87 | |||||||
Indenture | 9/21/87 | |||||||||||||
Thirty-Eighth | Book | File/Page | File/Page | File/Page | 1646 | Docket | File/Page | |||||||
Supplemental | Page | 90-217585 | 90-212277 | 146794 | 1280 | 1686 | 90-176460 | |||||||
Indenture | Date | 4/23/90 | 4/23/90 | 4/23/90 | 4/23/90 | 92-120 | 4/23/90 | |||||||
4/23/90 | ||||||||||||||
Thirty-Ninth | Book | File/Page | File/Page | File/Page | 1687 | Docket | File/Page | |||||||
Supplemental | Page | 91-632073 | 91-674397 | 425578 | 743 | 1771 | 00-0000000 | |||||||
Indenture | Date | 12/09/91 | 12/09/91 | 12/09/91 | 12/09/91 | 711-728 | 12/09/91 | |||||||
12/09/91 | ||||||||||||||
Fortieth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 92-185636 | 92-202372 | 115201 | 92-06577 | 1790 | 00-0000000 | |||||||
Indenture | Date | 4/1/92 | 4/1/92 | 4/1/92 | 4/1/92 | 954-970 | 4/1/92 | |||||||
4/1/92 | ||||||||||||||
Forty-First | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 92-393790 | 214904 | 92-011833 | 1804 | 00-0000000 | |||||||
Indenture | Date | 6/11/92 | 6/11/92 | 6/11/92 | 6/11/92 | 73-88 | 6/11/92 | |||||||
6/11/92 | ||||||||||||||
Forty-Second | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 92-692066 | 384167 | 92-21988 | 1824 | 00-0000000 | |||||||
Indenture | Date | 10/13/92 | 10/13/92 | 10/13/92 | 10/13/92 | 670-689 | 10/13/92 | |||||||
10/13/92 | ||||||||||||||
Forty-Third | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 92-845626 | 471625 | 92-27082 | 1834 | 00-0000000 | |||||||
Indenture | Date | 12/9/92 | 12/10/92 | 12/10/92 | 12/9/92 | 187-206 | 12/9/92 | |||||||
12/9/92 |
6
Counties of | ||||||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial |
Yuma |
Maricopa | |||||||
Forty-Fourth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 00-0000000 | 153382 | 93-009487 | 1859 Fee 09300 |
00-0000000 | |||||||
Indenture | Date | 4/27/93 | 4/27/93 | 4/27/93 | 4/27/93 | 4/27/93 | 4/26/93 | |||||||
Forty-Fifth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 00-0000000 | 239922 | 93-14224 | Fee 14413 | 00-0000000 | |||||||
Indenture | Date | 6/23/93 | 6/23/93 | 6/23/93 | 6/23/93 | 6/23/93 | 6/23/93 | |||||||
Forty-Sixth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 00-0000000 | 288868 | 93-17399 | Fee 17163 | 00-0000000 | |||||||
Indenture | Date | 7/26/93 | 7/26/93 | 7/27/93 | 7/27/93 | 7/27/93 | 7/27/93 | |||||||
Forty-Seventh | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 00-0000000 | 175604 | 95-11739 | 246-264 | 00-0000000 | |||||||
Indenture | Date | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | |||||||
Forty-Eighth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 00-0000000 | 00-0000000 | 175605 | 95-11740 | 265-284 | 00-0000000 | |||||||
Indenture | Date | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | 6/01/95 | |||||||
Forty-Ninth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 05-00384477 | 04-683110 | 00-0000000 | 04-021901 | 04-29663 | 04-941699 | |||||||
Indenture | Date | 1/14/05 | 7/28/04 | 9/28/04 | 7/15/04 | 8/16/04 | 8/13/04 | |||||||
Fiftieth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 20050441722 | 2005000405730 | 20050145832 | 019964 | 200522373 | 20050711918 | |||||||
Indenture | Date | 5/25/05 | 5/26/05 | 5/25/05 | 5/25/05 | 5/25/05 | 5/27/05 | |||||||
Fifty-First | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 20051016267 | 2005000945695 | 20050981667 | 2006005449 | 200553032 | 20051852692 | |||||||
Indenture | Date | 11/23/05 | 11/28/05 | 11/29/05 | 1/30/06 | 12/2/05 | 12/7/05 | |||||||
Fifty-Second | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2006-0413693 | 2006000404447 | 2006-0422620 | 2006-032418 | 2006-23999 | 2006-0802735 | |||||||
Indenture | Date | 6/12/06 | 6/16/06 | 6/12/06 | 7/11/06 | 6/12/06 | 6/14/06 | |||||||
Fifty-Third | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2006-0683713 | 2006000643109 | 713252 | 06-46145 | 2006-39635 | 20061310143 | |||||||
Indenture | Date | 9/26/06 | 9/27/06 | 9/27/06 | 9/28/06 | 9/29/06 | 10/3/06 | |||||||
Fifty-Fourth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2007-0625504 | 2007000581227 | 2007-0600369 | 2007-036497 | 2007-33238 | 2007-1062404 | |||||||
Indenture | Date | 9/25/07 | 9/25/07 | 9/25/07 | 9/25/07 | 9/25/07 | 9/26/07 | |||||||
Fifty-Fifth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2009-0320954 | 2009000305886 | 2009-0311041 | 2009-017587 | 16744 | 20090542104 | |||||||
Indenture | Date | 6/12/09 | 6/12/09 | 6/18/09 | 6/12/09 | 6/15/09 | 6/15/09 | |||||||
Fifty-Sixth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2010-0252569 | 2010000239342 | 2010-0235807 | 2010-012850 | 2010-12687 | 20100431348 | |||||||
Indenture | Date | 5/20/10 | 5/21/10 | 5/21/10 | 5/21/10 | 5/21/10 | 5/21/10 |
7
Counties of | ||||||||||||||
Document |
Official Records |
San Diego |
Orange |
Riverside |
Imperial |
Yuma |
Maricopa | |||||||
Fifty-Seventh | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2010-0490784 | 2010000458947 | 2010-0443991 | 2010-023359 | 2010-22669 | 20100800415 | |||||||
Indenture | Date | 9/16/10 | 9/16/10 | 9/16/10 | 9/16/10 | 9/16/10 | 9/16/10 | |||||||
Fifty-Eighth | Book | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | |||||||
Supplemental | Page | 2011-0503399 | 2011000478379 | 2011-0432021 | 2011-023234 | 2011-21920 | 20110802020 | |||||||
Indenture | Date | 09/28/11 | 09/28/11 | 09/29/11 | 09/28/11 | 09/28/11 | 09/28/11 |
Document |
Official Records |
County of Xxxxx |
||||||||||
Fifty-Ninth Supplemental Indenture including the Original Indenture and fifty-eight prior supplemental indentures thereto |
Book Page Date |
File/Page 201110120001817 10/12/11 |
Counties of | ||||||||||||||||
Document |
Official Records |
Xxxxx |
San Diego |
Orange |
Riverside |
Imperial |
Yuma |
Maricopa | ||||||||
Sixtieth | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental | Page | 201112010001775 | 2011-0643662 | 2011000611302 | 2011-0529988 | 2011-028759 | 2011-26889 | 20110993917 | ||||||||
Indenture | Date | 12/1/2011 | 12/1/11 | 12/1/11 | 12/1/11 | 12/1/11 | 12/1/11 | 12/1/11 | ||||||||
Sixty-First | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental Indenture | Page | 20120410 000789 |
2012-0207656 | 20120020 0917 |
2012-0163282 | 2012-007887 | 2012-08966 | 20120296804 | ||||||||
Date | 4/10/12 | 4/10/12 | 4/10/12 | 4/10/12 | 4/10/12 | 4/10/12 | 4/10/12 | |||||||||
Sixty-Second | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental Indenture | Page | 201309300001532 | 2013-0592759 | 2013000559137 | 0466671 | 2013022171 | 2013-26910 | 20130866250 | ||||||||
Date | 9/30/13 | 9/30/13 | 9/30/13 | 9/26/13 | 9/26/13 | 9/30/13 | 9/30/13 | |||||||||
Sixty-Third | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental Indenture | Page | 20150318-0000267 | 2015-0125062 | 2015000137709 | 2015-0105656 | 2015005389 | 2015-06017 | 2015-0308470 | ||||||||
Date | 3/18/2015 | 3/18/2015 | 3/18/15 | 3/17/2015 | 3/20/2015 | 3/20/2015 | 5/01/15 | |||||||||
Sixty-Fourth | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental Indenture | Page | 20150318-0000268 | 2015-0125063 | 2015000137710 | 2015-0105657 | 2015005397 | 2015-06018 | 2015-0308471 | ||||||||
Date | 3/18/2015 | 3/18/2015 | 3/18/2015 | 3/17/2015 | 3/20/15 | 3/20/2015 | 5/01/15 | |||||||||
Sixty-Fifth | Book | File/Page | File/Page | File/Page | File/Page | Book/Page | Docket | File/Page | ||||||||
Supplemental Indenture | Page | 20160525-0000179 | 2016-0255036 | 2016000231993 | 2016-0218234 | 2016010377 | 2016-12517 | 2016-0355233 | ||||||||
Date | 5/25/2016 | 5/25/2016 | 5/24/2016 | 5/27/2016 | 6/1/2016 | 5/25/2016 | 5/24/2016 |
8
Sixty-Sixth Supplemental Indenture | Book Page Date |
File/Page 20170612-0000678 6/12/2017 |
File/Page 2017-0261951 6/12/2017 |
File/Page 2017000238610 6/12/2017 |
File/Page 2017-0233575 6/12/2017 |
Book/Page 2017013517 6/15/2017 |
Docket 2017-15226 6/14/2017 |
File/Page 2017-0429520 6/13/2017 |
WHEREAS, the Board of Directors of the Company has duly authorized the creation of an additional series of bonds to be designated “First Mortgage Bonds, Series SSS, due 2048,” as hereinafter set forth in this Sixty-Seventh Supplemental Indenture; and
WHEREAS, the execution and delivery of this Sixty-Seventh Supplemental Indenture has been duly authorized by resolution of the Board of Directors of the Company; and
WHEREAS, all the conditions and requirements necessary to make this Sixty-Seventh Supplemental Indenture a valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed have been performed and fulfilled and the execution and delivery hereof have been in all respects duly authorized.
NOW, THEREFORE, in order further to secure the payment of the principal of and premium, if any, and interest on all of the bonds of the Company at any time outstanding under the Original Indenture, as heretofore amended and supplemented, as amended and supplemented by this Sixty-Seventh Supplemental Indenture and as the same may from time to time be further amended and supplemented (the “Indenture”) and to secure the performance and observance of each and every of the covenants, conditions and agreements of the Indenture, as from time to time amended and supplemented, and for and in consideration of the premises, and of the sum of One Dollar ($1.00) to the Company duly paid by the Trustee (the receipt whereof is hereby acknowledged), the Company has executed and delivered this Sixty-Seventh Supplemental Indenture and has granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, hypothecated, granted a security interest in, set over and confirmed, and by these presents does grant, bargain, sell, warrant, release, convey, assign, transfer, mortgage, pledge, hypothecate, grant a security interest in, set over and confirm unto U.S. Bank National Association, as Trustee, and to its respective successors in said trust forever, with power of sale, all property, real, personal and mixed, now owned or hereafter acquired or to be acquired by the Company, and wheresoever situated (except such property as is expressly excepted or excluded from the lien and security interest of the Indenture, and property of a successor corporation or corporations excluded from the lien and security interest thereof by the provisions of Section 3 of Article XIV thereof) subject to the rights reserved by the Company in and by other provisions of the Indenture, including in the property subject and to be subject to the lien and security interest thereof and hereof (without in any manner limiting or impairing by the enumeration of the same the scope and intent of the foregoing or of any general description contained in the Original Indenture or in this or any other supplemental indenture) all lands, rights-of-way, other land rights, flowage and other water rights, power houses, dams, reservoirs, docks, roads, and buildings, structures and other land improvements; steam, and other electric generating plants, including buildings and other structures, turbines, generators, exciters, boilers and other boiler plant equipment, condensing equipment, and all auxiliary equipment; stations and substations; electric transmission and distribution systems, including structures, poles, towers, fixtures, conduits, insulators, wires, cables, transformers, services and meters; steam heating plants and systems, including mains and equipment; gas plants, transmission and distribution systems, including pipe lines, structures, tanks, mains, compressor stations, purifier stations, pressure holders, governors, services and meters; communication systems, office, shop and other buildings and structures, and equipment; apparatus and equipment and materials and supplies of all other kinds and descriptions; and all municipal and other franchises, leaseholds, licenses, permits, and privileges;
TOGETHER WITH all and singular the tenements, hereditaments and appurtenances belonging or in any wise appertaining to the aforesaid property or any part thereof with the reversion and reversions, remainder and remainders, tolls, rents and revenues, issues, income, proceeds, product and profits thereof, and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof (except such property as is expressly excepted or excluded from the lien and security interest of the Indenture, and property of a successor corporation or corporations excluded from the lien and security thereof by the provisions of Section 3 of Article XIV thereof), subject to the rights reserved by the Company in and by other provisions of the Indenture;
9
It is hereby agreed by the Company that, except as aforesaid, all the property, rights, and franchises acquired by the Company after the date hereof shall be as fully embraced within the lien and security interest hereof as if such property were now owned by the Company and were specifically described herein and conveyed and a security interest therein granted hereby;
SAVING AND EXCEPTING, HOWEVER, anything to the contrary notwithstanding contained herein or in the granting clauses of the Original Indenture and said Supplemental Indentures (a) such property described or referred to in any of such granting clauses as has been from time to time, released or sold free from the lien and security interest of the Original Indenture (or the Original Indenture, as supplemented) in accordance and compliance with the provisions thereof (or of the Original Indenture, as supplemented, as the case may be), and (b) all of the following property (whether now owned by the Company or hereafter acquired by it): (1) all gas, electric energy and steam produced, purchased or otherwise acquired; (2) all contracts, choses in action, shares of stock, bonds, notes, evidences of indebtedness, and other securities, other than any of the foregoing which may be required to be deposited from time to time with the Trustee in accordance with the provisions of the Indenture or are required by some express provision thereof to be deposited with the Trustee; (3) merchandise and appliances at any time acquired for the purpose of sale or lease to customers and others and contracts for the sale of merchandise and appliances; (4) motor vehicles; (5) timber on land owned by the Company; (6) minerals or mineral rights in lands owned by the Company; (7) oil, coal or gas, or oil, coal or gas rights in land owned by the Company or gas xxxxx or oil xxxxx or equipment therefor or coal mines or equipment therefor; (8) fuel and other personal property which are consumable in their use in the operation of the properties of the Company; (9) bills and accounts receivable; (10) cash on hand and in banks other than such cash as may be deposited from time to time with the Trustee in accordance with the provisions of the Indenture or as is required by some express provision thereof to be deposited with the Trustee; and (11) the last day of the term of each leasehold estate now or hereafter enjoyed by the Company. The Company may, however, expressly subject to the lien and security interest and operation of the Original Indenture and all indentures supplemental thereto all or any part of the property of the character described in clause (b) of this paragraph;
TO HAVE AND TO HOLD all said properties, real, personal and mixed, mortgaged, pledged, or conveyed and in which a security interest has been granted by the Company as aforesaid, or intended so to be, unto the Trustee and its successors and assigns forever, subject, however, to Permitted Liens as defined in the Indenture;
IN TRUST NEVERTHELESS, for the equal pro rata benefit and security as provided in the Original Indenture and all indentures supplemental thereto of all and every of the bonds issued and to be issued in accordance with the provisions of the Original Indenture and all indentures supplemental thereto, without preference, priority or distinction as to lien or security interest of any over the others by reason of priority in time of the issue, negotiation or maturity thereof, subject, however, to the provisions of the Original Indenture and all indentures supplemental thereto relating to any sinking fund or similar fund for the benefit of the bonds of any particular series;
The Company does further covenant and agree with the Trustee as follows:
ARTICLE I
SERIES SSS BONDS
Section 1: There is hereby created, for issuance under the Original Indenture as supplemented by the said Supplemental Indentures (including this Sixty-Seventh Supplemental Indenture), a series of bonds designated Series SSS, due 2048, each of which shall bear the descriptive title “First Mortgage Bonds, Series SSS, due 2048” (herein sometimes referred to as “Series SSS Bonds”), and the form thereof shall contain suitable provisions with respect to the matters hereinafter in this Section specified. The Series SSS Bonds shall mature on May 15, 2048 and shall be issued in denominations of $1,000 and integral multiples thereof as the Company may from time to time execute and deliver. The Series SSS Bonds shall bear interest at the rate and from the date, shall mature as to principal, and shall be payable as to principal and premium, if any, and interest at such place or places and in such money, all as provided in the form of Series SSS Bond set forth on Exhibit A hereto (the “Form of Bond”) and by the applicable provisions of the Indenture. In addition, May 17, 2018 shall be an interest payment date for the Series SSS Bonds for purposes of Section 9 of Article II of the Indenture, provided that no interest shall be payable on such date. The principal and premium, if any, and interest on the Series SSS Bonds shall be payable at the office or agency maintained by the Company for such purpose (initially the corporate trust office of the Trustee) in the City and
10
County of Los Angeles, State of California and, if Series SSS Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of this Article I, at the office or agency maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York. The Series SSS Bonds shall be dated as in Section 9 of Article II of the Indenture provided with respect to registered bonds without coupons.
The Series SSS Bonds shall further be redeemable, exchangeable, transferable and otherwise have the terms set forth in the Form of Bond.
The Series SSS Bonds shall otherwise be of such terms, provisions, tenor and form as provided in this Sixty-Seventh Supplemental Indenture.
Section 2: The Series SSS Bonds shall be executed, authenticated and delivered in accordance with the provisions and shall be entitled to the protection and security of the Original Indenture, as supplemented by this Sixty-Seventh Supplemental Indenture and the other supplemental indentures, and shall be subject to all of the terms, conditions and covenants and limitations thereof. The aggregate principal amount of the Series SSS Bonds, which may be executed by the Company and authenticated and delivered by the Trustee and secured by the Indenture as from time to time in effect, is limited only to the extent provided in Section 1 of Article II of the Original Indenture. The Company has authorized the issuance and sale on the date hereof of $400,000,000 aggregate principal amount of Series SSS Bonds. The Company may, from time to time, without notice to or the consent of the registered holders of the Series SSS Bonds but upon and subject to the terms and provisions of the Indenture, increase the principal amount of the Series SSS Bonds under the Indenture and issue such increased principal amount, or any portion thereof. Any additional Series SSS Bonds so issued shall have the same form and terms (other than offering price, the date of original issuance and, under certain circumstances, the date from which interest thereon shall begin to accrue and the first Interest Payment Date (as defined below)) as the Series SSS Bonds previously issued and shall form a single series of bonds under the Indenture with the previously issued Series SSS Bonds.
Section 3: The Series SSS Bonds shall be issued only as fully registered bonds without coupons. The fully registered bonds without coupons and the certificate of authentication to be endorsed on all Series SSS Bonds shall be substantially in the form set forth on the Form of Bond. In addition, the Series SSS Bonds may be issuable in whole or in part in the form of one or more securities that evidence all or part of the bonds of such series and are registered in the name of a depositary (as defined below) or a nominee thereof for such series (each, a “Global Security”) and, in such case, the Board of Directors of the Company (or an authorized officer designated by the Board of Directors of the Company) shall appoint a clearing agency registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), designated to act as depositary (a “depositary”) for such Global Securities; the initial depositary so appointed is The Depository Trust Company. The definitive Series SSS Bonds shall be numbered in such manner as the Company shall at any time or from time to time determine.
Section 4: In the event Series SSS Bonds are issued as Global Securities the following provisions, in addition to the provisions of the Indenture, shall apply:
(1) Each Global Security authenticated under the Indenture shall be registered in the name of the depositary designated for such Global Security or a nominee thereof and delivered to such depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Series SSS Bond for all purposes of this Supplemental Indenture.
(2) Notwithstanding any other provision in this Supplemental Indenture, no Global Security may be exchanged in whole or in part for Series SSS Bonds registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any person other than the depositary for such Global Security or a nominee thereof unless (A) such depositary has notified the Company that it is unwilling or unable to continue as depositary for the Global Security or Global Securities, as the case may be, representing the Series SSS Bonds and a successor depositary has not been appointed by the Company within 90 days of receipt by the Company of such notification, (B) if at any time the depositary ceases to be a clearing agency registered under the Exchange Act at a time when the depositary is required to be so registered to act as such depositary and no successor depositary shall have been appointed by the Company within 90 days after it became aware of such cessation, (C) the Company, in
11
its sole discretion, executes and delivers to the Trustee a written order signed in the name of the Company by its Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary to the effect that the Global Securities of such series shall be exchangeable as described below, or (D) a “completed default” (as defined in the Indenture) has occurred and is continuing with respect to the Series SSS Bonds. If any of the events described in clauses (A) through (D) of the preceding sentence occur, the beneficial owners of interests in such Global Securities will be entitled to exchange those interests for definitive Series SSS Bonds and, without unnecessary delay but in any event not later than the earliest date on which those interests may be so exchanged, the Company will prepare and deliver to the Trustee definitive Series SSS Bonds in such form and denominations as are required by or pursuant to the Indenture, and in an aggregate principal amount equal to the aggregate principal amount of such Global Securities, such bonds to be duly executed by the Company. On or after the earliest date on which such beneficial interests may be so exchanged, such Global Securities shall be surrendered from time to time by the depositary as shall be specified in the order from the Company with respect thereto (which the Company agrees to deliver) to the Trustee, as the Company’s agent for such purpose, and in accordance with any instructions given to the Trustee and the depositary by the Company (which instructions shall be in writing but need not be contained in or accompanied by an officers’ certificate or be accompanied by an opinion of counsel), to be exchanged, in whole or in part, for definitive Series SSS Bonds as described above without charge. The Trustee shall authenticate and make available for delivery, in exchange for each portion of each surrendered Global Security, a like aggregate principal amount of definitive Series SSS Bonds of authorized denominations as the portion of such Global Security to be exchanged. Promptly following any such exchange in part, such Global Security shall be returned by the Trustee to such depositary or its custodian. If a definitive Series SSS Bond is issued in exchange for any portion of a Global Security after the close of business at the place where such exchange occurs on or after (i) any regular record date for a regularly scheduled interest payment date (an “Interest Payment Date”) for such bond and before the opening of business at that place of exchange on such Interest Payment Date, or (ii) any special record date for the payment of interest for such bond which was not punctually paid or duly provided for on any Interest Payment Date (“Defaulted Interest”) and before the opening of business at such place of exchange on the related proposed date for the payment of such Defaulted Interest, as the case may be, interest shall not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such definitive bond, but shall be payable on the Interest Payment Date or proposed date for payment, as the case may be, only to the person to whom interest in respect of such portion of such Global Security shall be payable in accordance with the provisions of the Indenture and the Series SSS Bonds.
(3) Subject to Clause (2) above, any exchange or transfer of a Global Security for other Series SSS Bonds may be made in whole or in part, and all definitive Series SSS Bonds issued in exchange for or upon transfer of a Global Security or any portion thereof shall be registered in such names as the depositary for such Global Security shall direct.
(4) Every Series SSS Bond authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any portion thereof, shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such bond is registered in the name of a person other than the depositary for such Global Security or a nominee thereof.
(5) Unless otherwise specified as contemplated by Section 1 of Article I of this Supplemental Indenture for the Series SSS Bonds evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form:
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY OTHER PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.
Section 5: The Series SSS Bonds may contain or have imprinted thereon such provisions or specifications not inconsistent with the Indenture as may be required to comply with the rules of any stock exchange or any federal
12
or state authority or commission, or to comply with usage with respect thereto, and may bear such other appropriate endorsements or notations as are authorized or permitted by the Indenture.
Section 6: In the manner and subject to certain conditions and limitations specified herein and in the Indenture, Series SSS Bonds may be exchanged without a service charge for a like aggregate principal amount of such Series SSS Bonds of other authorized denomination or denominations; provided that the Company may require payment of a sum or sums sufficient to reimburse it for any stamp tax or other governmental charge payable in connection therewith.
Section 7: The Company shall maintain in the City and County of Los Angeles, State of California, and in such other place or places as the Company may designate at any time or from time to time, an office or agency where Series SSS Bonds, including Series SSS Bonds issued in definitive certificated form, may be presented for payment, registration, transfer and exchange as provided therein or in the Indenture. Without limitation to the foregoing, if Series SSS Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of this Article I, the Company shall also maintain in the Borough of Manhattan, City and County of New York, State of New York, an office or agency where Series SSS Bonds, including Series SSS Bonds issued in definitive certificated form, may be presented for payment, registration, transfer and exchange as provided therein or in the Indenture. Such office or agency in the City and County of Los Angeles, State of California, and any such office or agency in the Borough of Manhattan, City and County of New York, State of New York, shall be a corporate trust office of the Trustee unless and until the Company shall designate another office or agency by notice in writing delivered to the Trustee.
Section 8: No transfer or exchange of any Series SSS Bonds pursuant to any of the provisions of this Article I shall be made except upon and in accordance with all of the applicable terms, provisions and conditions of said bonds and of the Indenture.
ARTICLE II
MISCELLANEOUS PROVISIONS
Section 1: This instrument is executed and shall be construed as an indenture supplemental to the Original Indenture and shall form a part thereof and, as supplemented by this Sixty-Seventh Supplemental Indenture, the Original Indenture as heretofore supplemented and amended is hereby confirmed.
Section 2: All terms used in this Sixty-Seventh Supplemental Indenture shall be taken to have meaning as in the Original Indenture, as heretofore supplemented and amended, except terms which may be otherwise expressly defined herein and in cases where the context clearly indicates otherwise.
Section 3: In order to facilitate the filing of this Sixty-Seventh Supplemental Indenture, the same may be executed in several counterparts, each of which, when so executed, shall be deemed to be an original, but such counterparts shall constitute but one and the same instrument.
Section 4: All of the covenants, stipulations, promises and agreements in this Sixty-Seventh Supplemental Indenture by or on behalf of the Company shall bind its successors and assigns, whether so expressed or not.
Section 5: To the extent any provision in this Sixty-Seventh Supplemental Indenture conflicts with any provision in the Indenture, the provisions of this Sixty-Seventh Supplemental Indenture shall govern; provided, however, that in the event such conflict would require bondholder consent, the terms and provisions of the Indenture shall govern.
Section 6: The Original Indenture, as heretofore amended and supplemented, insofar as it applies to the Series SSS Bonds, this Sixty-Seventh Supplemental Indenture and the Series SSS Bonds shall be governed by and construed in accordance with the laws of the State of California, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof; provided, that, notwithstanding the foregoing, the creation, perfection and enforcement of any mortgage or lien on real property or improvements thereon or fixtures attached thereto under the Original Indenture, as heretofore amended and supplemented, insofar as it applies to the Series
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SSS Bonds, or this Sixty-Seventh Supplemental Indenture shall be governed by and construed in accordance with the laws of the State where such real property or improvements thereon or fixtures attached thereto, as the case may be, are located, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof.
{Signature Page Follows}
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IN WITNESS WHEREOF, SAN DIEGO GAS & ELECTRIC COMPANY has caused this Sixty-Seventh Supplemental Indenture to be signed in its name and behalf by its duly authorized officer and its corporate seal to be hereunto affixed duly attested by its Secretary or one of its Assistant Secretaries, and U.S. BANK NATIONAL ASSOCIATION, to evidence its acceptance of the trusts hereby created, has caused this Sixty-Seventh Supplemental Indenture to be signed in its name and behalf by its duly authorized officer as of the day and year first above written.
SAN DIEGO GAS & ELECTRIC COMPANY | ||
By: | /s/ Xxxxx X. Xxxxxxxx | |
Name: | Xxxxx X. Xxxxxxxx | |
Title: | Vice President, Controller, Chief Financial Officer, Chief Accounting Officer and Treasurer |
(CORPORATE SEAL)
Attest:
By: | /s/ Xxxx X. XxXxxxxxx |
Name: | Xxxx X. XxXxxxxxx | |
Title: | Corporate Secretary |
U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE |
By: | /s/ Xxxxx Xxxx |
Name: | Xxxxx Xxxx | |
Title: | Vice President |
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA | ) | |
) ss | ||
COUNTY OF SAN DIEGO | ) |
On May 11, 2018, before me, XXXXXX X. XXXXXX, a Notary Public, personally appeared XXXXX X. XXXXX and XXXX X. XXXXXXXXX, who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity upon behalf of which the persons acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
/s/ Xxxxxx X. Xxxxxx |
SIGNATURE OF NOTARY PUBLIC |
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA | ) | |
) ss | ||
COUNTY OF LOS ANGELES | ) |
On May 16, 2018, before me, X. XXXXXXXXXX, a Notary Public, personally appeared XXXXX XXXX, of U.S. BANK NATIONAL ASSOCIATION, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
/s/ X. Xxxxxxxxxx |
SIGNATURE OF NOTARY PUBLIC |
EXHIBIT A
FORM OF BOND
(Attached)
[If this bond is issued as a global security, insert the following legend: THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY OTHER PERSON IS WRONGFUL, INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.]
SAN DIEGO GAS & ELECTRIC COMPANY
(INCORPORATED UNDER THE LAWS OF THE STATE OF CALIFORNIA)
4.150% FIRST MORTGAGE BOND,
SERIES SSS, DUE 2048
No. | $___________________ |
CUSIP No. 797440 BW3
ISIN No. US797440BW34
SAN DIEGO GAS & ELECTRIC COMPANY, a corporation organized and existing under the laws of the State of California (hereinafter called the “Company”, which term shall include any successor corporation, as defined in the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to ____________________________, or registered assigns, the principal sum of _____________________________dollars in lawful money of the United States of America, on May 15, 2048, and to pay interest thereon from May 17, 2018, at the rate of 4.150% per annum in like lawful money, payable semi-annually in arrears, on May 15 and November 15 (each, an “Interest Payment Date”) in each year, commencing November 15, 2018, to the person in whose name this bond (as defined on the reverse hereof) is registered at the close of business on the immediately preceding May 1 and November 1, respectively, until the Company’s obligation with respect to the payment of such principal (and premium, if any) shall be discharged as provided in the Indenture hereinafter mentioned. The principal of (and premium, if any) and interest on this bond will be paid at the office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee (as defined on the reverse hereof)) in the City and County of Los Angeles, State of California and, if Series SSS Bonds (as defined on the reverse hereof) are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Sixty-Seventh Supplemental Indenture (as defined on the reverse hereof), at the office or agency maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York. Notwithstanding the foregoing, so long as the registered holder of this bond is a depositary (as defined in the Sixty-Seventh Supplemental Indenture) or its nominee, payment of the principal of and premium, if any, and interest on this bond will be made by wire transfer of immediately available funds; and, if the Series SSS Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Sixty-Seventh Supplemental Indenture, the Company may at its option pay interest on the Series SSS Bonds in definitive certificated form by check mailed to the addresses of the persons entitled to payment or by wire transfer to bank accounts in the United States designated in writing to the Trustee at least 15 days before the applicable Interest Payment Date by the persons entitled to such payment.
The provisions of this bond are continued on the reverse hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place.
This bond shall not be valid or become obligatory for any purpose unless and until U.S. BANK NATIONAL ASSOCIATION, as Trustee under the Indenture, or its successor thereunder, shall have signed the certificate of authentication endorsed hereon.
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IN WITNESS WHEREOF, SAN DIEGO GAS & ELECTRIC COMPANY has caused this instrument to be executed in its name by the signature or facsimile signature of its President or any Vice President and its corporate seal or a facsimile thereof to be hereto affixed and attested by the signature or facsimile signature of its Secretary or any Assistant Secretary.
Dated: | SAN DIEGO GAS & ELECTRIC COMPANY |
By: | ||||||
Name: | ||||||
Title |
(CORPORATE SEAL) |
Attest: |
|
Name: |
Title: |
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[REVERSE SIDE OF 4.150% FIRST MORTGAGE BOND, SERIES SSS, DUE 2048]
This bond is one of a duly authorized issue of bonds of the Company, known as its First Mortgage Bonds, of the series and designation indicated on the face hereof (the “Series SSS Bonds”), all issued and to be issued under and equally secured by a Mortgage and Deed of Trust dated July 1, 1940, and indentures supplemental thereto, including the Sixty-Seventh Supplemental Indenture (the “Sixty-Seventh Supplemental Indenture”) dated as of May 17, 2018 (which Mortgage and Deed of Trust, as so amended and supplemented and as the same may be further amended or supplemented from time to time, is herein called the “Indenture”), executed by the Company to U.S. Bank National Association, as successor trustee (herein called, together with its successors in such capacity, the “Trustee”), to which Indenture reference is hereby made for a description of the property mortgaged, pledged, hypothecated and in which a security interest was granted, the nature and extent of the security, the rights of the holders of the Series SSS Bonds as to such security, and the terms and conditions upon which the Series SSS Bonds may be issued under the Indenture and are secured. The principal hereof may be declared or may become due on the conditions, in the manner and at the time set forth in the Indenture, upon the happening of a completed default (as defined in the Indenture) as in the Indenture provided. This Series SSS Bond is one of a series of Series SSS Bonds and is sometimes referred to as “this bond.”
Interest on the Series SSS Bonds will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
With the consent of the Company and to the extent permitted by and as provided in the Indenture, the rights and obligations of the Company or of the holders of the Series SSS Bonds, or the terms and provisions of the Indenture or of any indentures supplemental thereto, may be modified or altered by the affirmative vote of the holders of the percentage of principal amount of bonds required by the Indenture; provided, however, that without the consent of the holder hereof no such modification or alteration shall permit, among other things, the reduction of the principal or premium, if any, or the extension of the maturity of the principal of this bond, or the reduction of the rate of interest hereon, or any other modification of the terms of payment of such principal or premium, if any, or interest.
The Company, the Trustee, any paying agent, any registrar, and any depositary may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest hereon and for all other purposes and shall not be affected by any notice to the contrary.
Prior to November 15, 2047 (the “Par Call Date”), the Company may at the Company’s option redeem the Series SSS Bonds, at any time in whole or from time to time in part, at a redemption price (the “Redemption Price”) for any redemption date (a “Redemption Date”) equal to the greater of the following amounts: (a) 100% of the principal amount of the Series SSS Bonds being redeemed on that Redemption Date; or (b) the sum of the present values of the remaining scheduled payments of principal and interest on the Series SSS Bonds being redeemed on that Redemption Date (not including any portion of any payments of accrued and unpaid interest to that Redemption Date) that would be due if the Series SSS Bonds matured, and accrued and unpaid interest was payable, on the Par Call Date, discounted to that Redemption Date on a semiannual basis at the Adjusted Treasury Rate (as defined below) plus 15 basis points, as determined by the Independent Investment Banker (as defined below), plus, in each case, accrued and unpaid interest on the Series SSS Bonds being redeemed to that Redemption Date. On and after the Par Call Date, the Company may at the Company’s option redeem the Series SSS Bonds, at any time in whole or from time to time in part, at a Redemption Price equal to 100% of the principal amount of the Series SSS Bonds being redeemed, plus accrued and unpaid interest on the Series SSS Bonds being redeemed to the Redemption Date. Notwithstanding the foregoing, installments of interest on Series SSS Bonds that are due and payable on any Interest Payment Date falling on or prior to a Redemption Date will be payable on that Interest Payment Date to the registered holders of such Series SSS Bonds as of the close of business on the relevant record date according to the terms of the Series SSS Bonds and the Indenture. The Redemption Price will, if applicable, be calculated on the basis of a 360-day year consisting of twelve 30-day months.
Notice of any redemption will be mailed at least 30 days, but not more than 60 days, before the Redemption Date to each registered holder of the Series SSS Bonds to be redeemed. Once notice of redemption is mailed, the Series SSS Bonds called for redemption will become due and payable on the Redemption Date and at the applicable
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Redemption Price, plus accrued and unpaid interest to the Redemption Date, provided that the Company may rescind any notice of redemption by notice given not less than five days prior to the proposed Redemption Date. Redemption will not be conditional upon receipt by the Trustee of monies sufficient to pay the Redemption Price.
Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date interest will cease to accrue on the Series SSS Bonds or portions thereof called for redemption. The Company will pay the Redemption Price and any accrued interest once the Series SSS Bonds are surrendered for redemption. If only a portion of any Series SSS Bonds is redeemed, the Trustee will deliver new Series SSS Bonds for the remaining portion without charge.
“Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.
“Comparable Treasury Issue” means, with respect to any Redemption Date, the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Series SSS Bonds to be redeemed on such Redemption Date (assuming the Series SSS Bonds matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Series SSS Bonds (assuming the Series SSS Bonds matured on the Par Call Date).
“Comparable Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations for such Redemption Date, or (B) if only one Reference Treasury Dealer Quotation is received, such quotation.
“Independent Investment Banker” means, with respect to any Redemption Date, one of the Reference Treasury Dealers appointed by the Company to act as the “Independent Investment Banker.”
“Reference Treasury Dealers” means, with respect to any Redemption Date, (A) Credit Suisse Securities (USA) LLC, X.X. Xxxxxx Securities LLC and Xxxxx Fargo Securities (or their respective affiliates which are Primary Treasury Dealers (as defined below)), and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; (B) one Primary Treasury Dealer selected by Credit Agricole Securities (USA) Inc. and its successors; and (C) any other Primary Treasury Dealer(s) selected by the Company.
“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such Redemption Date. As used in the preceding sentence, “business day” means any day (other than a Saturday or Sunday) on which banking institutions in The City of New York are not authorized or obligated by law or executive order to remain closed.
In the event that the Company elects to redeem only a portion of the outstanding Series SSS Bonds, (a) the Series SSS Bonds to be redeemed shall be selected as provided in the Indenture and, in the case of Series SSS Bonds represented by a Global Security (as defined in the Sixty-Seventh Supplemental Indenture), in accordance with the procedures of The Depository Trust Company (or its successor as depositary) and (b) in the case of any Series SSS Bond being redeemed in part, the principal amount redeemed must be $1,000 or an integral multiple of $1,000 and the remaining principal amount must be an authorized denomination.
As more fully provided in and subject to the provisions of the Indenture, the Series SSS Bonds are also subject to redemption on any date, under certain circumstances specified in the second paragraph of Section 13 of Article XI of the Indenture in case of the disposition or taking (among other things) of certain properties of the
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Company, at 100% of the principal amount thereof, together with accrued interest on the Series SSS bonds being redeemed to the date of redemption.
This bond is transferable as prescribed in the Indenture by the registered owner hereof in person, or by his duly authorized attorney, at the office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee) in the City and County of Los Angeles, State of California, and, if Series SSS Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Sixty-Seventh Supplemental Indenture, at the office or agency maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York, upon surrender and cancellation of this bond and thereupon a new registered bond or bonds of the same series of authorized denominations and of a like aggregate principal amount, will be issued to the transferee in exchange herefor as provided in the Indenture, upon payment of any tax or taxes or other governmental charges required to be paid by the Company by reason of such transfer.
The registered owner of any Series SSS Bond, at the option of such holder, may surrender the same, accompanied by a written instrument of transfer in form approved by the Company duly executed by the registered owner, at the office or agency maintained by the Company for that purpose (initially the corporate trust office of the Trustee) in the City and County of Los Angeles, State of California and, if Series SSS Bonds are issued in definitive certificated form under the circumstances set forth in clause (2) of Section 4 of Article I of the Sixty-Seventh Supplemental Indenture, at the office or agency maintained by the Company for such purpose in the Borough of Manhattan, City and County of New York, State of New York, for cancellation in exchange for another or other registered bonds of the said series of higher or lower authorized denominations of an aggregate principal amount equal to the aggregate principal amount of the bond or bonds so surrendered and bearing interest as provided in Section 9 of Article II of the Indenture, and upon payment of any tax or taxes or other governmental charges required to be paid by the Company by reason of such exchange and subject to the terms and conditions specified in the Indenture, and thereupon the Company shall execute and deliver to the Trustee and the Trustee shall authenticate and deliver such other bonds to such registered owner at its office or at such office or agency of the Company, at the option of such registered owner.
No recourse shall be had for the payment of the principal of (or premium, if any) or the interest on this bond, or any part thereof, or of any claim based herein or in respect hereof or of said Indenture, against any incorporator, or any past or future stockholder, officer or director, as such, of the Company or of any predecessor or successor corporation, either directly or through the Company, or through any such predecessor or successor corporation, or through any receiver or a trustee in bankruptcy, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released, as more fully provided in the Indenture.
This Series SSS Bond shall be governed by and construed in accordance with the laws of the State of California, without regard (to the extent permitted by applicable law) to conflicts of laws principles thereof.
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This bond is one of the bonds of the series designated therein, described in the within-mentioned Indenture.
U.S. BANK NATIONAL ASSOCIATION, As Trustee | ||
By: | ||
Authorized Officer |
Date of Authentication:
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