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, 3.49% Series due June 1, 2051 (herein referred to as the “3.49% Series due June 1, 2051 Bonds”) in an aggregate principal amount of $75,000,000, to bear interest at the rate of 3.49% per annum, and to mature on June 1, 2051, (ii) First Mortgage Bonds, 3.54% Series due June 1, 2055 (herein referred to as the “3.54% Series due June 1, 2055 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.54% per annum, and to mature on June 1, 2055, and (iii) First Mortgage Bonds, 3.55% Series due June 1, 2056 (herein referred to as the “3.55% Series due June 1, 2056 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.55% per annum, and to mature on June 1, 2056 (the 3.49% Series due June 1, 2051 Bonds, the 3.54% Series due June 1, 2055 Bonds, and the 3.55% Series due 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-seven supplemental indentures and as further supplemented by the Fifty-eighth Supplemental Indenture dated as of March 15, 2020 (such Fifty-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-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; and 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, 3.494.04% Series due June 1, 2051 (herein referred to as the “3.49% Series due June 1, 2051 Bonds”) in an aggregate principal amount of $75,000,000, to bear interest at the rate of 3.49% per annum, and to mature on June 1, 2051, (ii) First Mortgage Bonds, 3.54% Series due June 1, 2055 (herein referred to as the “3.544.04% Series due June 1, 2055 Bonds”) in an aggregate principal amount of $50,000,00040,000,000, to bear interest at the rate of 3.544.04% per annum, and to mature on June 1July 15, 2055, and (iiiii) First Mortgage Bonds, 3.554.06% Series due June 1, 2056 2057 (herein referred to as the “3.554.06% Series due June 1, 2056 2057 Bonds”) in an aggregate principal amount of $50,000,00040,000,000, to bear interest at the rate of 3.554.06% per annum, and to mature on June 1July 15, 2056 2057, (the 3.49iii) First Mortgage Bonds, 4.06% Series due June 12054 (herein referred to as the “4.06% Series due 2054 Bonds”) in an aggregate principal amount of $35,000,000, 2051 to bear interest at the rate of 4.06% per annum, and to mature on October 15, 2054, (iv) First Mortgage Bonds, 4.07% Series due 2055 (herein referred to as the “4.07% Series due 2055 Bonds”) in an aggregate principal amount of $20,000,000, to bear interest at the rate of 4.07% per annum, and to mature on October 15, 2055 and (v) First Mortgage Bonds, 4.09% Series due 2057 (herein referred to as the “4.09% Series due 2057 Bonds”) in an aggregate principal amount of $20,000,000, to bear interest at the rate of 4.09% per annum, and to mature on October 15, 2057 (the 4.04% Series due 2055 Bonds, the 3.544.06% Series due June 12057 Bonds, the 4.06% Series due 2054 Bonds, the 4.07% Series due 2055 Bonds, and the 3.554.09% Series due June 1, 2056 2057 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-seven supplemental indentures and as further supplemented by the Fifty-eighth Supplemental Indenture dated as of March 15, 2020 (such Fifty-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-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; and 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.the

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.493.85% Series due June 1, 2051 (herein referred to as the “3.493.85% Series due June 1, 2051 Bonds”) in an aggregate principal amount of $75,000,00025,000,000, to bear interest at the rate of 3.493.85% per annum, and to mature on June 1January 15, 2051, (ii) First Mortgage Bonds, 3.543.95% Series due June 1, 2055 (herein referred to as the “3.54% Series due June 1, 2055 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.54% per annum, and to mature on June 1, 2055, and (iii) First Mortgage Bonds, 3.55% Series due June 1, 2056 (herein referred to as the “3.553.95% Series due June 1, 2056 Bonds”) in an aggregate principal amount of $50,000,00060,000,000, to bear interest at the rate of 3.553.95% per annum, and to mature on June 1January 15, 2056 2056, (the 3.49iii) First Mortgage Bonds, 3.65% Series due June 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 3.65% per annum, and to mature on February 1, 2042, and (iv) First Mortgage Bonds, 3.69% Series due 2044 (herein referred to as the “3.69% Series due 2044 Bonds”) to be limited in aggregate principal amount to $40,000,000, to bear interest at the rate of 3.69% per annum, and to mature on February 1, 2044 (the 3.85% Series due 2051 Bonds, the 3.543.95% Series due June 1, 2055 2056 Bonds, and the 3.553.65% Series due June 1, 2056 2042 Bonds and the 3.69% Series due 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-seven fifty supplemental indentures and as further supplemented by the Fifty-eighth first Supplemental Indenture dated as of March 15November 1, 2020 2016 (such Fifty-eighth 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-six 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; and 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, 3.494.44% Series due June 1, 2051 2047 (herein referred to as the “3.494.44% Series due June 1, 2051 2047 Bonds”) in an aggregate principal amount of $75,000,00065,000,000, to bear interest at the rate of 3.494.44% per annum, and to mature on June 1November 15, 20512047, (ii) First Mortgage Bonds, 3.544.49% Series due June 1, 2055 2052 (herein referred to as the “3.544.49% Series due June 1, 2055 2052 Bonds”) in an aggregate principal amount of $50,000,00030,000,000, to bear interest at the rate of 3.544.49% per annum, and to mature on June 1November 15, 20552052, and (iii) First Mortgage Bonds, 3.554.51% Series due June 1, 2056 2053 (herein referred to as the “3.554.51% Series due June 1, 2056 2053 Bonds”) in an aggregate principal amount of $50,000,00030,000,000, to bear interest at the rate of 3.554.51% per annum, and to mature on June 1November 15, 2056 2053 (the 3.494.44% Series due June 1, 2051 2047 Bonds, the 3.544.49% Series due June 1, 2055 2052 Bonds, and the 3.554.51% Series due June 1, 2056 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-seven three supplemental indentures and as further supplemented by the Fifty-eighth fourth Supplemental Indenture dated as of March October 15, 2020 2018 (such Fifty-eighth 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-six 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; and 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.the

Authorization of Bonds. The Company will authorize the issue and sale of (i) First Mortgage Bonds, 3.492.85% Series due June December 1, 2051 2053 (herein referred to as the “3.492.85% Series due June December 1, 2051 Bonds”) in an aggregate principal amount of $75,000,000, to bear interest at the rate of 3.49% per annum, and to mature on June 1, 2051, (ii) First Mortgage Bonds, 3.54% Series due June 1, 2055 (herein referred to as the “3.54% Series due June 1, 2055 2053 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.542.85% per annum, and to mature on June December 1, 20552053, and (iiiii) First Mortgage Bonds, 3.552.89% Series due June December 1, 2056 2057 (herein referred to as the “3.552.89% Series due June December 1, 2056 2057 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 3.552.89% per annum, and to mature on June December 1, 2056 2057, and (the 3.49iii) First Mortgage Bonds, 2.90% Series due June December 1, 2051 2058 (herein referred to as the “2.90% Series due December 1, 2058 Bonds”) in an aggregate principal amount of $50,000,000, to bear interest at the rate of 2.90% per annum, and to mature on December 1, 2058 (the 2.85% Series due December 1, 2053 Bonds, the 3.542.89% Series due June December 1, 2055 2057 Bonds, and the 3.552.90% Series due June December 1, 2056 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-seven eight supplemental indentures and as further supplemented by the Fifty-eighth ninth Supplemental Indenture dated as of March 15September 1, 2020 (such Fifty-eighth 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-six 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; and 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.