DTE Energy 2013 Annual Report Download - page 148

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ARTICLE I
ESTABLISHMENT OF AN ISSUE OF
FIRST MORTGAGE BONDS, OF THE SERIES
DESIGNATED AND DISTINGUISHED AS “2013 SERIES C BONDS”
SECTION 1
There is hereby established a series of bonds to be issued under and secured by the Indenture, to be known as “First Mortgage
Bonds,” designated and distinguished as “2013 Series C Bonds” of the Company. The 2013 Series C Bonds shall be limited in aggregate
principal amount to $50,000,000 except as provided in Article IV of the Indenture and in this Supplemental Indenture with respect to
transfers, exchanges and replacements of the 2013 Series C Bonds. The 2013 Series C Bonds shall be registered bonds without coupons
and shall be dated as of the date of the authentication thereof by the Trustee.
The 2013 Series C Bonds shall mature on the 15th day of December, 2023 (subject to earlier redemption, as provided herein),
shall bear interest at the rate of 3.64% per annum, payable semi-annually on the 15th day of June and December of each year and at
maturity (each an “2013 Series C Interest Payment Date”), beginning on June 15, 2014. The principal, Make-Whole Amount (as
defined below), if any, and interest on the 2013 Series C Bonds shall be payable in lawful money of the United States of America; the
place where such principal and Make-Whole Amount, if any, shall be payable shall be the corporate trust office of the Trustee in the
Borough of Manhattan, the City of New York, New York, and the place where such interest shall be payable shall be the office or
agency of the Company in said Borough of Manhattan, the City of New York, New York. The 2013 Series C Bonds shall have such
other terms as set forth in the form of 2013 Series C Bond provided in Section 3.
SECTION 2
The 2013 Series C Bonds shall be subject to redemption at the option of the Company, in whole at any time or in part from time
to time (any such date of redemption, a “2013 Series C Redemption Date”), at the applicable redemption price (“2013 Series C
Redemption Price”) set forth below.
At any time prior to September 15, 2023, the 2013 Series C Redemption Price will be equal to 100% of the principal amount of
the 2013 Series C Bonds to be redeemed on the 2013 Series C Redemption Date together with the Make-Whole Amount (as defined in
the form of 2013 Series C Bond provided in Section 3), if any, plus, in each case, accrued and unpaid interest thereon to the 2013 Series
C Redemption Date.
5