ISSUING AND PAYING AGENCY AGREEMENTIssuing and Paying Agency Agreement • April 23rd, 2003 • Delmarva Power & Light Co /De/ • Electric & other services combined • New York
This Issuing and Paying Agency Agreement, dated as of April 29, 1998 (the Agreement"), between Potomac Capital Investment Corporation, a Delaware corporation having its principal place of business at 1801 K Street, N.W., Suite 900, Washington, D.C. 20006 (the "Issuer"), and The Bank of New York, a New York banking corporation maintaining its principal corporate trust office at 101 Barclay Street, Floor 7E, New York, New York 10286, as issuing and paying agent (the "Issuing and Paying Agent"). WHEREAS the Issuer has established a program for the issue of Medium-Term Notes, Series D, With Maturities from 9 Months and 1 Day from Date of Issue through November 30, 2008 (the "Notes"); WHEREAS the Issuing and Paying Agent has agreed to act as Issuing and Paying Agent in connection with the Notes in accordance with the provisions of this Agreement. NOW, THEREFORE, in consideration of the covenants and agreements herein contained and for other good and valuable consideration, the rece
