DTE Energy 2013 Annual Report Download - page 153

With the consent of the Company and to the extent permitted by and as provided in the Indenture, the rights and obligations of
the Company, the rights and obligations of the holders of the Bonds, and the terms and provisions of the Indenture may be modified or
altered by such affirmative vote or votes of the holders of the Bonds then outstanding as are specified in the Indenture.
In case an Event of Default as defined in the Indenture shall occur, the principal of the Bonds may become or be declared due
and payable in the manner, with the effect, and subject to the conditions provided in the Indenture. Upon any such declaration, the
Company shall also pay to the holders of the Bonds the Make-Whole Amount on the Bonds, if any, determined as of the date the Bonds
shall have been declared due and payable.
No recourse shall be had for the payment of the principal of, Make-Whole Amount, if any, or the interest on, the Bonds, or for
any claim based hereon or otherwise in respect of the Bonds or the Indenture, against any incorporator, stockholder, director or officer,
past, present or future, of the Company, as such, or any predecessor or successor corporation, either directly or through the Company or
any such predecessor or successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of
any assessment or penalty or otherwise, all such liability, whether at common law, in equity, by any constitution, statute or otherwise,
of incorporators, stockholders, directors or officers being waived and released by the owner hereof by the acceptance of the Bonds, and
as part of the consideration for the issue thereof, and being likewise waived and released pursuant to the Indenture and the Senior
Indenture.
This Bond 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 optional redemption, a “Redemption Date”), at the applicable redemption price (“Redemption Price”) set forth below.
At any time prior to September 15, 2023, the Redemption Price will be equal to 100% of the principal amount of the Bonds to
be redeemed on the Redemption Date together with the Make-Whole Amount (as defined below), if any, plus, in each case, accrued and
unpaid interest thereon to the Redemption Date.
At any time on or after September 15, 2023, the Redemption Price will be equal to 100% of the principal amount of the bonds of
2013 Series C to be redeemed plus accrued and unpaid interest thereon to the redemption date.
10