Common use of Excepted Encumbrances Clause in Contracts

Excepted Encumbrances. The Company reserves the right, without any consent, vote or other action by holders of bonds of the Forty-first Series, the Forty-second Series, or of any subsequent series, to amend the Mortgage, as heretofore amended and supplemented, as follows: To amend Section 6 of the Mortgage to replace the definition of “Excepted Encumbrances” with substantially the following:

Excepted Encumbrances. The Company reserves the right, without any consent, vote or other action by holders of bonds of the FortyThirty-first eighth Series, the FortyThirty-second ninth Series, the Fortieth Series, or of any subsequent series, to amend the Mortgage, as heretofore amended and supplemented, as follows: To amend Section 6 of the Mortgage to replace the definition of “Excepted Encumbrances” with substantially the following: