Exhibit4f(7)
AMENDED AND RESTATED
TRUST AGREEMENT
among
ATLANTIC CITY ELECTRIC COMPANY, as Depositor,
The Bank of New York, as Property Trustee and The Bank of New York (Delaware) as Delaware Trustee
and
THE ADMINISTRATIVE TRUSTEES NAMED HEREIN
Dated as of October 1, 1996
ATLANTIC CAPITAL I
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TABLE OF CONTENTS
Page
ARTICLE I
DEFINED TERMS . . . . . . . . . . . . . . 1
SECTION 1.1. Definitions . . . . . . . . . . . . . . . . . . . . . . .1
ARTICLE II
ESTABLISHMENT OF THE TRUST . . . . . . . . . . . 11
SECTION 2.1. Name. . . . . . . . . . . . . . . . . . . . . . . . . . 11
SECTION 2.2. Office of the Delaware
Trustee; Principal
Place of Business . . . . . . . . . . . . . . . . . . 11
SECTION 2.3. Initial Contribution of
Trust Property;
Organizational
Expenses. . . . . . . . . . . . . . . . . . . . . . . 11
SECTION 2.4. Issuance of the
Preferred Securities. . . . . . . . . . . . . . . . . 11
SECTION 2.5. Issuance of Common Securities; Subscription
and Purchase of Debentures. . . . . . . . . . . . . . 12
SECTION 2.6. Declaration of Trust. . . . . . . . . . . . . . . . . . 12
SECTION 2.7. Authorization to Enter into Certain
Transactions. . . . . . . . . . . . . . . . . . . . . . 13
SECTION 2.8. Assets of Trust . . . . . . . . . . . . . . . . . . . . 17
SECTION 2.9. Title to Trust Property . . . . . . . . . . . . . . . . 17
ARTICLE III
PAYMENT ACCOUNT. . . . . . . . . . . . . . 17
SECTION 3.1. Payment Account . . . . . . . . . . . . . . . .