Promissory NoteIntercompany Promissory Note • October 22nd, 2001 • National Grid Group PLC
FOR VALUE RECEIVED, National Grid USA (the "Borrower"), hereby promises to pay to ______________ ("Lender"), on demand but in any event not later than [maturity date], the principal sum set forth on the grid attached hereto, or on the records maintained by National Grid USA Service Co., Inc. as "Principal Amount Outstanding." This note may be prepaid in full at any time or in part from time to time without premium or penalty.
