AS TRUSTEE
AND TO IRVING TRUST COMPANY)
of the aforesaid First Mortgage, as heretofore amended
August 1, 1936, as amended and restated in its entirety on March , 2009
Trust Indenture Act Section | Indenture Section | |||
310 | (a)(1) | 10.09 | ||
(a)(2) | 10.09 | |||
(a)(3) | 10.14 | |||
(a)(4) | Not Applicable | |||
(b) | 10.08, 10.10 | |||
311 | (a) | 10.13 | ||
(b) | 10.13 | |||
(c) | Not Applicable | |||
312 | (a) | 11.01 | ||
(b) | 11.01 | |||
(c) | 11.01 | |||
313 | (a) | 11.02 | ||
(b)(1) | Not Applicable | |||
(b)(2) | 11.02 | |||
(c) | 11.02 | |||
(d) | 11.02 | |||
314 | (a) | 11.02 | ||
(a)(4) | 7.05 | |||
(b) | Not Applicable | |||
(c)(1) | 1.04 | |||
(c)(2) | 1.04 | |||
(c)(3) | Not Applicable | |||
(d) | Not Applicable | |||
(e) | 1.04 | |||
315 | (a) | 10.01(a) | ||
(b) | 10.02 | |||
(c) | 10.01(b) | |||
(d) | 10.01(c) | |||
(d)(1) | 10.01(a)(1), 10.01(c)(1) | |||
(d)(2) | 10.01(c)(2) | |||
(d)(3) | 10.01(c)(3) | |||
(e) | 9.14 | |||
316 | (a) | 9.12, 9.13 | ||
(a)(1)(A) | 9.02, 9.12 | |||
(a)(1)(B) | 9.13 | |||
(a)(2) | Not Applicable | |||
(b) | 9.08 | |||
317 | (a)(1) | 9.03 | ||
(a)(2) | 9.04 | |||
(b) | 7.03 | |||
318 | (a) | 1.09 |
ARTICLE ONE. DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION | 9 | |||||
SECTION 1.01. | DEFINITIONS | 9 | ||||
SECTION 1.02. | FUNDED PROPERTY; FUNDED CASH | 22 | ||||
SECTION 1.03. | PROPERTY ADDITIONS; COST | 23 | ||||
SECTION 1.04. | COMPLIANCE CERTIFICATES AND OPINIONS | 25 | ||||
SECTION 1.05. | FORM OF DOCUMENTS DELIVERED TO TRUSTEE | 26 | ||||
SECTION 1.06. | ACTS OF HOLDERS | 28 | ||||
SECTION 1.07. | NOTICES, ETC. TO TRUSTEE OR COMPANY | 29 | ||||
SECTION 1.08. | NOTICE TO HOLDERS OF SECURITIES; WAIVER | 30 | ||||
SECTION 1.09. | CONFLICT WITH TRUST INDENTURE ACT | 30 | ||||
SECTION 1.10. | EFFECT OF HEADINGS AND TABLE OF CONTENTS | 31 | ||||
SECTION 1.11. | SUCCESSORS AND ASSIGNS | 31 | ||||
SECTION 1.12. | SEPARABILITY CLAUSE | 31 | ||||
SECTION 1.13. | BENEFITS OF INDENTURE | 31 | ||||
SECTION 1.14. | GOVERNING LAW | 31 | ||||
SECTION 1.15. | LEGAL HOLIDAYS | 31 | ||||
SECTION 1.16. | INVESTMENT OF CASH HELD BY TRUSTEE | 32 | ||||
SECTION 1.17. | FORCE MAJEURE | 32 | ||||
SECTION 1.18. | WAIVER OF JURY TRIAL | 33 | ||||
ARTICLE TWO. SECURITY FORMS | 34 | |||||
SECTION 2.01. | FORMS GENERALLY | 34 | ||||
SECTION 2.02. | FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION | 34 | ||||
ARTICLE THREE. THE SECURITIES | 35 | |||||
SECTION 3.01. | AMOUNT UNLIMITED; ISSUABLE IN SERIES | 35 | ||||
SECTION 3.02. | DENOMINATIONS | 38 | ||||
SECTION 3.03. | EXECUTION, AUTHENTICATION, DELIVERY AND DATING | 38 | ||||
SECTION 3.04. | GLOBAL OR TEMPORARY SECURITIES | 41 |
SECTION 3.05. | REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE | 41 | ||||
SECTION 3.06. | MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES | 43 | ||||
SECTION 3.07. | PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED | 43 | ||||
SECTION 3.08. | PERSONS DEEMED OWNERS | 44 | ||||
SECTION 3.09. | CANCELLATION | 45 | ||||
SECTION 3.10. | COMPUTATION OF INTEREST | 45 | ||||
SECTION 3.11. | PAYMENT TO BE IN PROPER CURRENCY | 45 | ||||
SECTION 3.12. | EXTENSION OF INTEREST PAYMENT | 46 | ||||
SECTION 3.13. | CUSIP AND ISIN NUMBERS | 46 | ||||
ARTICLE FOUR. FIRST MORTGAGE BONDS, % SERIES DUE APRIL 1, 2019 | 47 | |||||
SECTION 4.01. | CREATION AND DESIGNATION OF BONDS OF SERIES DUE 2019 | 47 | ||||
SECTION 4.02. | AGGREGATE PRINCIPAL AMOUNT OF BONDS OF SERIES DUE 2019 ISSUABLE | 47 | ||||
SECTION 4.03. | BOOK-ENTRY SYSTEM | 47 | ||||
SECTION 4.04. | DATE OF BONDS OF SERIES DUE 2019 | 50 | ||||
SECTION 4.05. | MATURITY DATES, INTEREST RATES, INTEREST PAYMENT DATES AND REGULAR RECORD DATES FOR BONDS OF SERIES DUE 2019 | 50 | ||||
SECTION 4.06. | PLACE AND MANNER OF PAYMENT OF BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.07. | DENOMINATIONS AND NUMBERING OF DEFINITIVE BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.08. | TEMPORARY BONDS OF SERIES DUE 2019 AND EXCHANGE THEREOF | 51 | ||||
SECTION 4.09. | REDEMPTION PROVISIONS OF THE BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.10. | FORM OF THE BONDS OF SERIES DUE 2019 | 53 | ||||
ARTICLE FIVE. REDEMPTION OF SECURITIES | 58 | |||||
SECTION 5.01. | APPLICABILITY OF ARTICLE | 58 | ||||
SECTION 5.02. | ELECTION TO REDEEM; NOTICE TO TRUSTEE | 58 | ||||
SECTION 5.03. | SELECTION OF SECURITIES TO BE REDEEMED | 58 |
SECTION 5.04. | NOTICE OF REDEMPTION | 59 | ||||
SECTION 5.05. | SECURITIES PAYABLE ON REDEMPTION DATE | 60 | ||||
SECTION 5.06. | SECURITIES REDEEMED IN PART | 60 | ||||
ARTICLE SIX. SINKING FUNDS | 61 | |||||
SECTION 6.01. | APPLICABILITY OF ARTICLE | 61 | ||||
SECTION 6.02. | SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES | 61 | ||||
SECTION 6.03. | REDEMPTION OF SECURITIES FOR SINKING FUND | 61 | ||||
ARTICLE SEVEN. REPRESENTATIONS AND COVENANTS | 63 | |||||
SECTION 7.01. | PAYMENT OF SECURITIES; LAWFUL POSSESSION | 63 | ||||
SECTION 7.02. | MAINTENANCE OF OFFICE OR AGENCY | 63 | ||||
SECTION 7.03. | MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST | 64 | ||||
SECTION 7.04. | CORPORATE EXISTENCE | 65 | ||||
SECTION 7.05. | ANNUAL OFFICER’S CERTIFICATE AS TO COMPLIANCE | 65 | ||||
SECTION 7.06. | WAIVER OF CERTAIN COVENANTS | 65 | ||||
ARTICLE EIGHT. SATISFACTION AND DISCHARGE | 67 | |||||
SECTION 8.01. | SATISFACTION AND DISCHARGE OF SECURITIES | 67 | ||||
SECTION 8.02. | SATISFACTION AND DISCHARGE OF INDENTURE | 69 | ||||
SECTION 8.03. | APPLICATION OF TRUST MONEY | 70 | ||||
ARTICLE NINE. EVENTS OF DEFAULT; REMEDIES | 72 | |||||
SECTION 9.01. | EVENTS OF DEFAULT | 72 | ||||
SECTION 9.02. | ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT | 73 | ||||
SECTION 9.03. | COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE | 74 | ||||
SECTION 9.04. | TRUSTEE MAY FILE PROOFS OF CLAIM | 74 | ||||
SECTION 9.05. | TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES | 75 | ||||
SECTION 9.06. | APPLICATION OF MONEY COLLECTED | 75 | ||||
SECTION 9.07. | LIMITATION ON SUITS | 76 |
SECTION 9.08. | UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST | 76 | ||||
SECTION 9.09. | RESTORATION OF RIGHTS AND REMEDIES | 76 | ||||
SECTION 9.10. | RIGHTS AND REMEDIES CUMULATIVE | 77 | ||||
SECTION 9.11. | DELAY OR OMISSION NOT WAIVER | 77 | ||||
SECTION 9.12. | CONTROL BY HOLDERS OF SECURITIES | 77 | ||||
SECTION 9.13. | WAIVER OF PAST DEFAULTS | 77 | ||||
SECTION 9.14. | UNDERTAKING FOR COSTS | 78 | ||||
SECTION 9.15. | WAIVER OF USURY, STAY OR EXTENSION LAWS | 78 | ||||
SECTION 9.16. | RECEIVER AND OTHER REMEDIES | 78 | ||||
SECTION 9.17. | ENTRY UPON MORTGAGED PROPERTY | 79 | ||||
SECTION 9.18. | POWER OF SALE; SUITS FOR ENFORCEMENT | 79 | ||||
SECTION 9.19. | INCIDENTS OF SALE | 79 | ||||
ARTICLE TEN. THE TRUSTEE | 81 | |||||
SECTION 10.01. | CERTAIN DUTIES AND RESPONSIBILITIES | 81 | ||||
SECTION 10.02. | NOTICE OF DEFAULTS | 81 | ||||
SECTION 10.03. | CERTAIN RIGHTS OF TRUSTEE | 81 | ||||
SECTION 10.04. | NOT RESPONSIBLE FOR RECITALS, ISSUANCE OF SECURITIES, ETC. | 83 | ||||
SECTION 10.05. | MAY HOLD SECURITIES | 83 | ||||
SECTION 10.06. | MONEY HELD IN TRUST | 83 | ||||
SECTION 10.07. | COMPENSATION AND REIMBURSEMENT | 83 | ||||
SECTION 10.08. | DISQUALIFICATION; CONFLICTING INTERESTS | 84 | ||||
SECTION 10.09. | CORPORATE TRUSTEE REQUIRED; ELIGIBILITY | 85 | ||||
SECTION 10.10. | RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR | 85 | ||||
SECTION 10.11. | ACCEPTANCE OF APPOINTMENT BY SUCCESSOR | 87 | ||||
SECTION 10.12. | MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS | 87 | ||||
SECTION 10.13. | PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY | 87 | ||||
SECTION 10.14. | CO-TRUSTEE AND SEPARATE TRUSTEES | 88 | ||||
SECTION 10.15. | APPOINTMENT OF AUTHENTICATING AGENT | 89 |
ARTICLE ELEVEN. HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY | 91 | |||||
SECTION 11.01. | LISTS OF HOLDERS | 91 | ||||
SECTION 11.02. | REPORTS BY TRUSTEE AND COMPANY | 91 | ||||
ARTICLE TWELVE. CONSOLIDATION, MERGER, CONVEYANCE, OR OTHER TRANSFER | 92 | |||||
SECTION 12.01. | COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS | 92 | ||||
SECTION 12.02. | SUCCESSOR COMPANY SUBSTITUTED | 93 | ||||
SECTION 12.03. | EXTENT OF LIEN HEREOF ON PROPERTY OF SUCCESSOR COMPANY | 94 | ||||
SECTION 12.04. | RELEASE OF COMPANY UPON CONVEYANCE OR OTHER TRANSFER | 94 | ||||
SECTION 12.05. | MERGER INTO COMPANY; EXTENT OF LIEN HEREOF | 94 | ||||
SECTION 12.06. | TRANSFER OF LESS THAN SUBSTANTIALLY ALL | 95 | ||||
ARTICLE THIRTEEN. SUPPLEMENTAL INDENTURES | 96 | |||||
SECTION 13.01. | SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS | 96 | ||||
SECTION 13.02. | SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS | 97 | ||||
SECTION 13.03. | EXECUTION OF SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.04. | EFFECT OF SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.05. | CONFORMITY WITH TRUST INDENTURE ACT | 99 | ||||
SECTION 13.06. | REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.07. | MODIFICATION WITHOUT SUPPLEMENTAL INDENTURE | 100 | ||||
ARTICLE FOURTEEN. MEETINGS OF HOLDERS; ACTION WITHOUT MEETING | 101 | |||||
SECTION 14.01. | PURPOSES FOR WHICH MEETINGS MAY BE CALLED | 101 | ||||
SECTION 14.02. | CALL, NOTICE AND PLACE OF MEETINGS | 101 | ||||
SECTION 14.03. | PERSONS ENTITLED TO VOTE AT MEETINGS | 101 | ||||
SECTION 14.04. | QUORUM; ACTION | 102 |
SECTION 14.05. | ATTENDANCE AT MEETINGS; DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS | 103 | ||||
SECTION 14.06. | COUNTING VOTES AND RECORDING ACTION OF MEETINGS | 103 | ||||
SECTION 14.07. | ACTION WITHOUT MEETING | 104 | ||||
ARTICLE FIFTEEN. IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS | 105 | |||||
SECTION 15.01. | LIABILITY SOLELY CORPORATE | 105 | ||||
ARTICLE SIXTEEN. ISSUANCE OF SECURITIES | 106 | |||||
SECTION 16.01. | GENERAL | 106 | ||||
SECTION 16.02. | ISSUANCE OF SECURITIES ON THE BASIS OF PROPERTY ADDITIONS | 106 | ||||
SECTION 16.03. | ISSUANCE OF SECURITIES ON THE BASIS OF RETIRED SECURITIES | 108 | ||||
SECTION 16.04. | ISSUANCE OF SECURITIES ON THE BASIS OF DEPOSIT OF CASH | 109 | ||||
ARTICLE SEVENTEEN. POSSESSION, USE AND RELEASE OF MORTGAGED PROPERTY | 110 | |||||
SECTION 17.01. | QUIET ENJOYMENT | 110 | ||||
SECTION 17.02. | DISPOSITIONS WITHOUT RELEASE | 110 | ||||
SECTION 17.03. | RELEASE OF FUNDED PROPERTY | 111 | ||||
SECTION 17.04. | RELEASE OF MORTGAGED PROPERTY NOT CONSTITUTING FUNDED PROPERTY | 114 | ||||
SECTION 17.05. | RELEASE OF MINOR PROPERTIES | 115 | ||||
SECTION 17.06. | WITHDRAWAL OR OTHER APPLICATION OF FUNDED CASH; PURCHASE MONEY OBLIGATIONS | 116 | ||||
SECTION 17.07. | RELEASE OF PROPERTY TAKEN BY EMINENT DOMAIN, ETC. | 119 | ||||
SECTION 17.08. | DISCLAIMER OR QUITCLAIM | 120 | ||||
SECTION 17.09. | MISCELLANEOUS | 120 | ||||
SECTION 17.10. | PRESERVATION OF LIEN | 121 | ||||
SECTION 17.11. | MAINTENANCE OF PROPERTIES | 121 | ||||
SECTION 17.12. | PAYMENT OF TAXES; DISCHARGE OF LIENS | 122 |
SECTION 17.13. | INSURANCE | 122 | ||||
SECTION 17.14. | RECORDING, FILING, ETC. | 125 | ||||
EXHIBIT A. RECORDING DATA | A-1 | |||||
EXHIBIT B. REAL PROPERTY ACQUIRED SINCE DECEMBER 1, 1985 | B-1 | |||||
EXHIBIT C. SCHEDULE OF REAL PROPERTY HOLDINGS | C-1 |
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Corporate Trust Administration
900 Ashwood Parkway, Suite 425
Atlanta, Georgia 30338
Attention: Vice President
Telecopy: (770) 698-5195
526 South Church Street
Charlotte, North Carolina 28202
Attention: Treasurer
Telecopy: (980) 373-3699
-30-
-31-
-32-
-33-
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||||
By: | ||||
Authorized Signatory | ||||
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No. R- | $ | |||
CUSIP No: | ||||
ISIN: |
First Mortgage Bond, %Series,
Due April 1, 2019
1 | This should be included only if the Bonds of Series Due 2019 are being issued in global form. |
-54-
-55-
-56-
Duke Energy Ohio, Inc. | ||||
By | ||||
[Name] | ||||
Authorized Officer | ||||
The Bank of New York Mellon Trust Company, N.A., as Trustee | ||||
By | ||||
Authorized Signatory | ||||
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-89-
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., As Trustee By [Name of Authenticating Agent], As Authenticating Agent | ||||
By | ||||
Authorized Officer | ||||
-90-
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-126-
Duke Energy Ohio, Inc. | ||||
By | ||||
M. Allen Carrick | ||||
Assistant Treasurer |
-127-
The Bank of New York Mellon Trust Company, N.A.,as Trustee | ||||
By | ||||
[Name] | ||||
Vice President |
-128-
matters set forth in clauses (a) and (d) of
the “Recitals of the Company”:
as Resigning Trustee
By | ||||
[Name] | ||||
Vice President |
-129-
State of North Carolina | ) | |||
)ss: | ||||
County of Mecklenburg | ) |
Notary Public |
My commission expires:
County of residence:
-130-
State of Georgia | ) | |||
) ss: | ||||
County of Fulton | ) |
Notary Public |
My commission expires:
County of residence:
-131-
(formerly The Cincinnati Gas & Electric Company)
A-1
THE DATE OF THE TWENTY-FIFTH SUPPLEMENTAL INDENTURE,
AND THE DATE OF THIS FORTIETH SUPPLEMENTAL INDENTURE
B-1
C-1
Frost Brown Todd LLC
2200 PNC Center
201 East Fifth Street
Cincinnati, Ohio 45202