EXECUTION COPY - Edison International

"Equity Interests" means Capital Stock and all warrants, options or other rights to acquireCapital Stock (but excluding any debt security that is convertible into, or exchangeable for,Capital Stock)."ERISA Legend" means the legend set forth in Section 2.7(g)(iv) hereof to be placed onall Notes issued under this Indenture except where otherwise permitted by the provisions of thisIndenture."Euroclear" means Euroclear Bank, S.A./N.V., as operator of the Euroclear system."Event of Default" means any event or condition specified as such in Section 4.1 hereofthat shall have continued for the period of time, if any, therein designated."Exchange Act" means the Securities Exchange Act of 1934, as amended."Exchange Notes" means the Notes issued in the Registered Exchange Offer pursuant toSection 2.7(f) hereof."Exchange Offer Registration Statement" has the meaning set forth in the RegistrationRights Agreement."GAAP" means generally accepted accounting principles in the United States applied ona basis consistent with the principles, methods, procedures and practices employed in thepreparation of the Company's audited financial statements, including, without limitation, thoseset forth in the opinions and pronouncements of the Accounting Principles Board of theAmerican Institute of Certified Public Accountants and statements and pronouncements of theFinancial Accounting Standards Board or in such other statements by such other entity as havebeen approved by a significant segment of the accounting profession, which are in effect fromtime to time."Global Note Legend" means the legend set forth in Section 2.7(g)(ii) hereof, which isrequired to be placed on all Global Notes issued under this Indenture."Global Notes" means, individually and collectively, each of the Restricted Global Notesand the Unrestricted Global Notes deposited with or on behalf of and registered in the name ofthe Depositary or its nominee, substantially in the form of Exhibit A hereto, that bears the GlobalNote Legend and has the "Schedule of Exchanges of Interests in the Global Note" attachedthereto."Good Faith Contest" means the contest of an item if (i) the item is diligently beingcontested in good faith by appropriate proceedings timely instituted, (ii) adequate reserves areestablished in accordance with GAAP with respect to the contested item, if the contested itemindividually or when taken together with all other contested items for which reserves are not atthe time being held could reasonably be expected to result in liability of the Company in excessof $1,000,000, (iii) during the period of such contest, the enforcement of any contested item iseffectively stayed, unless such enforcement would not reasonably be expected to result in aMaterial Adverse Effect, (iv) any Lien filed in connection therewith shall have been removedfrom the record by bonding arrangements by a reputable surety company, or title insurance or4