Common use of The Bank of New York Clause in Contracts

The Bank of New York. Notes: (1) Cents per kilowatt hour. (2) Cents per kilowatt. The information herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information herein, or that any future offer of securities, instruments or transactions will conform to the terms hereof. Please refer to the important information and qualifications on the last page hereof when reviewing this information. -------------------------------------------------------------------------------- ONCOR ELECTRIC DELIVERY JULY 25, 2003 TRANSITION BOND COMPANY LLC PRELIMINARY --------------------------------------------------------------------------------

The Bank of New York. Notes: (1) Cents per kilowatt hour. (2) Cents per kilowatt. The information herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. No representation or warranty can be given with respect to the accuracy or completeness of the information herein, or that any future offer of securities, instruments or transactions will conform to the terms hereof. Please refer to the important information and qualifications on the last page hereof when reviewing this information. -------------------------------------------------------------------------------- ONCOR ELECTRIC DELIVERY JULY 25PRELIMINARY AUGUST 1, 2003 TRANSITION BOND COMPANY LLC PRELIMINARY --------------------------------------------------------------------------------