The Bold, Italic, Underline, Justify, Indent, Outdent and other commands are not localized in the Undo/Redo dropdowns.

Screenshots:

https://www.screencast.com/t/YLNTiPP7LAk

https://www.screencast.com/t/DS9Y6GrB 


Can be seen at http://demos.telerik.com/aspnet-ajax/editor/examples/localization/defaultcs.aspx.