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EXECUTION COPY - Edison International

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EXECUTION COPY - Edison International

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(b)In case at any time any of the following shall occur:(i) the Trustee shall fail to comply with the provisions of TIA § 310(b), afterwritten request thereafter by the Company or by any Noteholder who has been a bonafide Holder of a Note or Notes for at least six months;(ii) the Trustee shall cease to be eligible in accordance with the provisions ofSection 5.8 hereof and shall fail to resign after written request therefor by the Companyor by any such Noteholder; or(iii) the Trustee shall become incapable of acting, or shall be adjudged abankrupt or insolvent, or a receiver or liquidator of the Trustee or of its property shall beappointed, or any public officer shall take charge or control of the Trustee or of itsproperty or affairs for the purpose of rehabilitation, conservation or liquidation;then, in any such case, the Company may remove the Trustee and appoint a successor trustee bywritten instrument, in duplicate, executed by order of the Board of Directors of the Company,one copy of which instrument shall be delivered to the Trustee so removed and one copy ofwhich shall be delivered to the successor trustee, or any Noteholder who has been a bona fideHolder of a Note or Notes for at least six months may, on behalf of itself and all others similarlysituated, petition any court of competent jurisdiction for the removal of the Trustee and theappointment of a successor trustee. Such court may thereupon, after such notice, if any, as itmay deem proper and prescribe, remove the Trustee and appoint a successor trustee.(c) The Holders of a majority in aggregate principal amount of the Notes at the timeOutstanding may at any time remove the Trustee and appoint a successor trustee by delivering tothe Trustee so removed, to the successor trustee so appointed and to the Company the evidenceprovided for in Section 6.1 hereof of the action in that regard taken by the Noteholders.(d) Any resignation or removal of the Trustee and any appointment of a successortrustee pursuant to any of the provisions of this Section 5.9 shall become effective only uponacceptance of appointment by the successor trustee as provided in Section 5.10 hereof.Section 5.10Acceptance of Appointment by Successor Trustee.Any successor trustee appointed as provided in Section 5.9 hereof shall execute anddeliver to the Company and to its predecessor Trustee an instrument accepting such appointmenthereunder, and thereupon the resignation or removal of the predecessor Trustee shall becomeeffective and such successor trustee, without any further act, deed or conveyance, shall becomevested with all rights, powers, duties and obligations of its predecessor hereunder, with likeeffect as if originally named as trustee herein; but, nevertheless, on the written request of theCompany or of the successor trustee, upon payment of its charges then unpaid, the Trusteeceasing to act shall, subject to Section 9.4 hereof, pay over to the successor trustee all moneys atthe time held by it hereunder and shall execute and deliver an instrument transferring to suchsuccessor trustee all such rights, powers, duties and obligations. Upon request of any suchsuccessor trustee, the Company shall execute appropriate instruments in writing for more fullyand certainly vesting in and confirming to such successor such rights and powers. Any Trusteeceasing to act shall, nevertheless, retain a prior claim upon all property or funds held or collected43

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