EXECUTION COPY - Edison International

the destruction of all canceled Notes shall be delivered to the Company. The Company may notissue new Notes to replace Notes that it has paid or that have been delivered to the Trustee forcancellation, except as otherwise provided for herein.Section 2.12Defaulted Interest.If the Company defaults in a payment of interest on the Notes, it shall pay the defaultedinterest in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest,to the Persons who are Holders on a subsequent special record date, in each case at the rateprovided in the Notes and in Section 3.1 hereof. The Company shall notify the Trustee inwriting of the amount of defaulted interest proposed to be paid on each Note and the date of theproposed payment. The Company shall fix or cause to be fixed each such special record date andpayment date; provided that no such special record date shall be less than 10 days prior to therelated payment date for such defaulted interest. At least 15 days before the special record date,the Company (or, upon the written request of the Company, the Trustee in the name and at theexpense of the Company) shall mail or cause to be mailed to Holders a notice that states thespecial record date, the related payment date and the amount of such interest to be paid.ARTICLE 3.COVENANTS OF THE COMPANY AND THE TRUSTEESection 3.1Payment of Principal and Interest; Payment of Liquidated Damages.The Company shall duly and punctually pay or cause to be paid the principal of, andpremium, if any, and interest, if any, on, each of the Notes at the place or places, at the respectivetimes and in the manner provided herein and in the applicable Series Supplemental Indenture andthe Notes. The Company will pay all Liquidated Damages, if any, in the same manner on thedates set forth in the applicable Series Supplemental Indenture and otherwise pursuant to and inthe amounts set forth in the applicable Registration Rights Agreement. Payment of principal of,and premium and interest and Liquidated Damages, if any, on the Notes shall be paid by mailinga check to or upon the written order of the registered Holders of Notes entitled thereto at theirlast address as it appears on the Notes Register or, upon written application to the Trustee (whichshall be received by the Trustee prior to the record date) by a Holder of $1,000,000 or more inaggregate principal amount of Notes, by wire transfer of immediately available funds to anaccount maintained by such Holder with a bank or other financial institution; provided, howeverthat (subject to the provisions of Section 2.8 hereof) payment of principal of, and premium, ifany, on any Note may be conditioned upon presentation for payment of the certificaterepresenting such Note.The Company shall pay interest (including post-petition interest in any proceeding underany Bankruptcy Law) on overdue principal at the rate equal to the rate set forth in the applicableSeries Supplemental Indenture and the Notes, and it shall pay interest (including post-petitioninterest in any proceeding under any Bankruptcy Law) on overdue installments of interest andLiquidated Damages, if any (without regard to any applicable grace period) from time to time atthe same rate to the extent lawful.29