EXHIBIT B-3
FORM OF NOTE TO BE EXECUTED BY BORROWING SUBSIDIARY UNDER
UTILITY MONEY POOL AGREEMENT
FOR VALUE RECEIVED, the undersigned, [ ]
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(the "Borrower"), hereby promises to pay to the order of the Utility Money Pool
Agreement (the "Lender") at its principal office in Raleigh, North Carolina, on
demand but in any event not later than one year after the date of such loan, the
principal sum set forth on the grid attached hereto 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. The Principal Amount Outstanding shall bear
interest, calculated daily, at the appropriate rate per Section 1.05 of the
Agreement.
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(Name of Borrower)
By:
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Title:
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Date:
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