Common use of Security for the Notes; First Mortgage Bonds; Release; New Security for the Notes Clause in Contracts

Security for the Notes; First Mortgage Bonds; Release; New Security for the Notes. (a) Prior to the Release Date, the Notes shall be secured by an equal principal amount of the First Mortgage Bonds issued by the Company under the Mortgage Indenture to U.S. Bank National Association, as collateral agent for the holders of the Notes. The First Mortgage Bonds will rank pari passu with all other existing and future first mortgage bonds issued pursuant to the Mortgage Indenture.

Security for the Notes; First Mortgage Bonds; Release; New Security for the Notes. (a) Prior to the Release Date, the Notes shall be secured by an equal principal amount of the First Mortgage Bonds issued by the Company under the Mortgage Indenture to U.S. The Bank National Associationof New York, as collateral agent for the holders of the NotesNotes (the “Collateral Agent”). The First Mortgage Bonds will rank pari passu with all other existing and future first mortgage bonds issued pursuant to the Mortgage Indenture.. NEW JERSEY NATURAL GAS COMPANY FIRST AMENDMENT

Security for the Notes; First Mortgage Bonds; Release; New Security for the Notes. (a) Prior to the Release Date, the Notes of each series shall be secured by an equal principal amount of the related First Mortgage Bonds issued by the Company under the Mortgage Indenture to U.S. Bank National Association, as collateral agent for the holders of the Notes. The First Mortgage Bonds will rank pari passu with all other existing and future first mortgage bonds issued pursuant to the Mortgage Indenture.