Common use of Authorization of Bonds Clause in Contracts

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.99% Series due 2042 (herein referred to as the “3.99% Series due 2042 Bonds”) in an aggregate principal amount of $25,000,000, to bear interest at the rate of 3.99% per annum, and to mature on July 15, 2042, (ii) First Mortgage Bonds, 4.04% Series due 2045 (herein referred to as the “4.04% Series due 2045 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at the rate of 4.04% per annum, and to mature on July 15, 2045, and (iii) First Mortgage Bonds, 4.09% Series due 2048 (herein referred to as the “4.09% Series due 2048 Bonds”) in an aggregate principal amount of $65,000,000, to bear interest at the rate of 4.09% per annum, and to mature on July 15, 2048 (the 3.99% Series due 2042 Bonds, the 4.04% Series due 2045 Bonds, and the 4.09% Series due 2048 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two supplemental indentures and as further supplemented by the Fifty-third Supplemental Indenture dated as of June 1, 2018 (such Fifty-third Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; and

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.993.85% Series due 2042 2051 (herein referred to as the “3.993.85% Series due 2042 2051 Bonds”) in an aggregate principal amount of $25,000,000, to bear interest at the rate of 3.993.85% per annum, and to mature on July January 15, 20422051, (ii) First Mortgage Bonds, 4.043.95% Series due 2045 2056 (herein referred to as the “4.043.95% Series due 2045 2056 Bonds”) in an aggregate principal amount of $60,000,000, to bear interest at the rate of 3.95% per annum, and to mature on January 15, 2056, (iii) First Mortgage Bonds, 3.65% Series due 2042 (herein referred to as the “3.65% Series due 2042 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at the rate of 4.043.65% per annum, and to mature on July 15February 1, 20452042, and (iiiiv) First Mortgage Bonds, 4.093.69% Series due 2048 2044 (herein referred to as the “4.093.69% Series due 2048 2044 Bonds”) to be limited in an aggregate principal amount of to $65,000,00040,000,000, to bear interest at the rate of 4.093.69% per annum, and to mature on July 15February 1, 2048 2044 (the 3.993.85% Series due 2051 Bonds, the 3.95% Series due 2056 Bonds, the 3.65% Series due 2042 Bonds, Bonds and the 4.043.69% Series due 2045 Bonds, and the 4.09% Series due 2048 2044 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two fifty supplemental indentures and as further supplemented by the Fifty-third first Supplemental Indenture dated as of June November 1, 2018 2016 (such Fifty-third first Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two fifty supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; andand references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.992.85% Series due 2042 December 1, 2053 (herein referred to as the “3.992.85% Series due 2042 December 1, 2053 Bonds”) in an aggregate principal amount of $25,000,00050,000,000, to bear interest at the rate of 3.992.85% per annum, and to mature on July 15December 1, 20422053, (ii) First Mortgage Bonds, 4.042.89% Series due 2045 December 1, 2057 (herein referred to as the “4.042.89% Series due 2045 December 1, 2057 Bonds”) in an aggregate principal amount of $10,000,00050,000,000, to bear interest at the rate of 4.042.89% per annum, and to mature on July 15December 1, 20452057, and (iii) First Mortgage Bonds, 4.092.90% Series due 2048 December 1, 2058 (herein referred to as the “4.092.90% Series due 2048 December 1, 2058 Bonds”) in an aggregate principal amount of $65,000,00050,000,000, to bear interest at the rate of 4.092.90% per annum, and to mature on July 15December 1, 2048 2058 (the 3.992.85% Series due 2042 December 1, 2053 Bonds, the 4.042.89% Series due 2045 December 1, 2057 Bonds, and the 4.092.90% Series due 2048 December 1, 2058 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two eight supplemental indentures and as further supplemented by the Fifty-third ninth Supplemental Indenture dated as of June September 1, 2018 2020 (such Fifty-third ninth Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two eight supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; andand references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company has authorized and will authorize the issue and sale create a series of (i) First Mortgage Bonds, 3.99% Series due 2042 (herein referred to as the “3.99% Series due 2042 Bonds”) its first mortgage bonds in an aggregate principal amount of $25,000,000, 145,000,000 (the “Series 2019A Bonds”) to bear interest at the rate of 3.99be issued in four Tranches as follows: (a) 2.84% per annum, and to mature on July 15, 2042, (ii) First Mortgage Bonds, 4.04% Series 2019A-1, due 2045 (herein referred to as September 27, 2029 in the “4.04% Series due 2045 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at 40,000,000 (the rate of 4.04“Series 2019A-1 Bonds”); (b) 2.84% per annum, and to mature on July 15, 2045, and (iii) First Mortgage Bonds, 4.09% Series 2019A-2, due 2048 (herein referred to as October 29, 2029 in the “4.09% Series due 2048 Bonds”) in an aggregate principal amount of $65,000,000, to bear interest at the rate of 4.09% per annum, and to mature on July 15, 2048 35,000,000 (the 3.99“Series 2019A-2 Bonds”); (c) 2.94% First Mortgage Bonds, Series 2019A-3, due 2042 November 26, 2031 in the aggregate principal amount of $25,000,000 (the “Series 2019A-3 Bonds”); and (d) 2.94% First Mortgage Bonds, Series 2019A-4, due December 27, 2031 in the aggregate principal amount of $45,000,000 (the “Series 2019A-4 Bonds”; and together with the Series 2019A-1 Bonds, the 4.04% Series due 2045 2019A-2 Bonds, and the 4.09% Series due 2048 Bonds are collectively referred to as 2019A-3 Bonds, the “Bonds” and such term includes any such bonds issued in substitution therefor”). The Bonds will be issued under and secured by that certain First Mortgage Indenture of Mortgage dated as of January 1July 2, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) 2018 (the “Original Indenture”), between the Company and Wilmington Trust, National Association, as previously amended and Trustee (the “Trustee”), as supplemented by fifty-two supplemental indentures the First Supplemental Indenture dated as of December 20, 2018 (the “First Supplement”) and as further supplemented by the Fifty-third that certain Second Supplemental Indenture dated as of June 1September 27, 2018 2019 (such Fifty-third Second Supplemental Indenture being referred to herein as the “Second Supplement”) ), which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. A. The Original Indenture, Indenture as supplemented so amended and amended by the aforementioned fifty-two supplemental indentures and the Supplementsupplemented, and as further supplemented or and amended according to its terms, is hereinafter referred to as herein called the “Indenture”.” A copy of the Original Indenture has been delivered to you. The Bonds shall be issuable in fully registered form only. The Series 2019A‑1 Bonds shall mature on September 27, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on March 27 and September 27 of each year and at maturity, commencing on March 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑2 Bonds shall mature on October 29, 2029, shall bear interest at the rate of 2.84% per annum payable semiannually, on April 29 and October 29 of each year and at maturity, commencing on April 29, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑3 Bonds shall mature on November 26, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on May 26 and November 26 of each year and at maturity, commencing on May 26, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. The Series 2019A‑4 Bonds shall mature on December 27, 2031, shall bear interest at the rate of 2.94% per annum payable semiannually, on June 27 and December 27 of each year and at maturity, commencing on June 27, 2020, shall be subject to redemption as provided in the Indenture or this Agreement, and shall be in the form established pursuant to the Indenture. As permitted by the Indenture, the Bonds originally issued to you thereunder shall be dated, and bear interest from, the date of their original issue on the date of the applicable Closing. Schedule B (to Bond Purchase Agreement) Certain capitalized and other terms used in this Agreement are defined in Schedule B; andand references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.994.44% Series due 2042 2047 (herein referred to as the “3.994.44% Series due 2042 Bonds”) in an aggregate principal amount of $25,000,000, to bear interest at the rate of 3.99% per annum, and to mature on July 15, 2042, (ii) First Mortgage Bonds, 4.04% Series due 2045 (herein referred to as the “4.04% Series due 2045 Bonds”) in an aggregate principal amount of $10,000,000, to bear interest at the rate of 4.04% per annum, and to mature on July 15, 2045, and (iii) First Mortgage Bonds, 4.09% Series due 2048 (herein referred to as the “4.09% Series due 2048 2047 Bonds”) in an aggregate principal amount of $65,000,000, to bear interest at the rate of 4.094.44% per annum, and to mature on July November 15, 2048 2047, (the 3.99ii) First Mortgage Bonds, 4.49% Series due 2042 2052 (herein referred to as the “4.49% Series due 2052 Bonds”) in an aggregate principal amount of $30,000,000, to bear interest at the rate of 4.49% per annum, and to mature on November 15, 2052, and (iii) First Mortgage Bonds, 4.51% Series due 2053 (herein referred to as the “4.51% Series due 2053 Bonds”) in an aggregate principal amount of $30,000,000, to bear interest at the rate of 4.51% per annum, and to mature on November 15, 2053 (the 4.44% Series due 2047 Bonds, the 4.044.49% Series due 2045 2052 Bonds, and the 4.094.51% Series due 2048 2053 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two three supplemental indentures and as further supplemented by the Fifty-third fourth Supplemental Indenture dated as of June 1October 15, 2018 (such Fifty-third fourth Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two three supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; andthe

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.995.48% Series due 2042 August 1, 2053 (herein referred to as the “3.995.48% Series due 2042 August 1, 2053 Bonds”) in an aggregate principal amount of $25,000,000175,000,000, to bear interest at the rate of 3.995.48% per annum, and to mature on July 15August 1, 2042, 2053 and (ii) First Mortgage Bonds, 4.045.56% Series due 2045 August 1, 2061 (herein referred to as the “4.045.56% Series due 2045 August 1, 2061 Bonds”) in an aggregate principal amount of $10,000,00050,000,000, to bear interest at the rate of 4.045.56% per annum, and to mature on July 15August 1, 2045, and 2061 (iii) First Mortgage Bonds, 4.09the 5.56% Series due 2048 (herein referred to as August 1, 2061 Bonds and the “4.095.48% Series due 2048 Bonds”) in an aggregate principal amount of $65,000,000August 1, to bear interest at the rate of 4.09% per annum, and to mature on July 15, 2048 (the 3.99% Series due 2042 Bonds, the 4.04% Series due 2045 Bonds, and the 4.09% Series due 2048 2053 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fiftysixty-two one supplemental indentures and as further supplemented by the FiftySixty-third second Supplemental Indenture dated as of June July 27, 2023 and effective as of August 1, 2018 2023 (such FiftySixty-third second Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two sixty supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; andand references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.993.49% Series due 2042 June 1, 2051 (herein referred to as the “3.993.49% Series due 2042 June 1, 2051 Bonds”) in an aggregate principal amount of $25,000,00075,000,000, to bear interest at the rate of 3.993.49% per annum, and to mature on July 15June 1, 20422051, (ii) First Mortgage Bonds, 4.043.54% Series due 2045 June 1, 2055 (herein referred to as the “4.043.54% Series due 2045 June 1, 2055 Bonds”) in an aggregate principal amount of $10,000,00050,000,000, to bear interest at the rate of 4.043.54% per annum, and to mature on July 15June 1, 20452055, and (iii) First Mortgage Bonds, 4.093.55% Series due 2048 June 1, 2056 (herein referred to as the “4.093.55% Series due 2048 June 1, 2056 Bonds”) in an aggregate principal amount of $65,000,00050,000,000, to bear interest at the rate of 4.093.55% per annum, and to mature on July 15June 1, 2048 2056 (the 3.993.49% Series due 2042 June 1, 2051 Bonds, the 4.043.54% Series due 2045 June 1, 2055 Bonds, and the 4.093.55% Series due 2048 June 1, 2056 Bonds are collectively referred to as the “Bonds” and such term includes any such bonds issued in substitution therefor). The Bonds will be issued under and secured by that certain Indenture of Mortgage dated as of January 1, 1941, from the Company (as successor by merger to the Philadelphia Suburban Water Company), as grantor, to The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) (the “Original Indenture”), as previously amended and supplemented by fifty-two seven supplemental indentures and as further supplemented by the Fifty-third eighth Supplemental Indenture dated as of June 1March 15, 2018 2020 (such Fifty-third eighth Supplemental Indenture being referred to herein as the “Supplement”) which will be substantially in the form attached hereto as Exhibit A, with such changes therein, if any, as shall be approved by the Purchasers and the Company. The Original Indenture, as supplemented and amended by the aforementioned fifty-two six supplemental indentures and the Supplement, and as further supplemented or amended according to its terms, is hereinafter referred to as the “Indenture”. Certain capitalized and other terms used in this Agreement are defined in Schedule B; andand references to a “Schedule” or an “Exhibit” are, unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. Terms used herein but not defined herein shall have the meanings set forth in the Indenture.