Exhibit 4.2
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE SOLD, MORTGAGED, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS, OR THE AVAILABILITY OF AN EXEMPTION FROM THE REGISTRATION PROVISIONS OF THE SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES LAWS.
FITCHBURG GASAND ELECTRIC LIGHT COMPANY
5.70% SENIOR NOTE, SERIES 2023A,DUE JULY 2, 2033
| | |
| No. RA-1 | | July 6, 2023 |
| $10,000,000 | | PPN 338135 F*2 |
FOR VALUE RECEIVED, the undersigned, Fitchburg Gas and Electric Light Company (herein called the “Company”), a corporation organized and existing under the laws of the State of Massachusetts, hereby promises to pay to METLIFE REINSURANCE COMPANYOF HAMILTON, LTD., or registered assigns, the principal sum of TEN MILLION DOLLARS (or so much thereof as shall not have been prepaid) on July 2, 2033 (the “Maturity Date”), with interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 5.70% per annum from the date hereof, payable semiannually, on the 2nd day of January and July in each year, commencing with January 2, 2024 and thereafter the January 2 or July 2 next succeeding the date hereof, and on the Maturity Date, until the principal hereof shall have become due and payable, and (b) without duplication with clause (a) above, to the extent permitted by law, on any overdue payment of interest and, during the continuance of an Event of Default, on such unpaid balance and on any overdue payment of any Make-Whole Amount, at a rate per annum from time to time equal to the greater of (i) 7.70% or (ii) 2% over the rate of interest publicly announced by Bank of America, N.A. from time to time in Charlotte, North Carolina as its “base” or “prime” rate, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand).
Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United States of America at the principal office of the Company in Hampton, New Hampshire, at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below, or as otherwise provided in the Note Purchase Agreement.
