NOTICE OF GUARANTEED DELIVERY
FOR
SALTON SEA FUNDING CORPORATION
This Notice of Guaranteed Delivery, or one substantially equivalent to
this form, must be used to accept the Exchange Offer (as defined below) of
Salton Sea Funding Corporation (the "Company") made pursuant to the
Prospectus, dated July 29, 1996 (the "Prospectus"), and the related Letter of
Transmittal (the "Letter of Transmittal") if (i) certificates for the Old
Securities (as defined below) are not immediately available; (ii) the Old
Securities, the Letter of Transmittal and all other required documents cannot
be delivered or transmitted by facsimile transmission, mail or hand delivery
to Chemical Trust Company of California (the "Exchange Agent") on or prior to
5:00 p.m., New York City time, on the Expiration Date (as defined in the
Prospectus); or (iii) the procedures for delivery by book-entry transfer
cannot be completed on a timely basis. See "The Exchange Offer-Procedures for
Tendering" section in the Prospectus. The term "Old Securities" means the
Company's outstanding (i) 7.02% Senior Secured Series D Notes Due May 30,
2000 and (ii) 8.30% Senior Secured Series E, and Bonds Due May 30, 2011.
Capitalized terms used herein but not defined herein have the meanings
ascribed to them in the Prospectus.
The Exchange Agent for the Exchange Offer is:
CHEMICAL TRUST COMPANY OF CALIFORNIA
Facsimile Transmissions:
(212) 672-5746
To Confirm by Telephone or for Information:
(415) 954-9508
By Hand Delivery:
Chemical Bank
Corporate Tellers
55 Water St., Rm. 234 North Bldg.
New York, NY 10041
By Mail/Courier Service:
Texas Commerce Bank
Corporate Trust Services
1201 Main St., 18th Floor
Dallas, TX 75202
Attention: Frank Ivins
Personal & Confidential
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE OR TRANSMISSION OF THIS NOTICE OF GUARANTEED DELIVERY VIA
FACSIMILE TO A NUMBER OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A
VALID DELIVERY.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the
signature box on the Letter of Transmittal.
Ladies and Gentlemen:
The undersigned hereby tenders to the Company, upon the terms and
conditions set forth in the Prospectus and the Letter of Transmittal (which
together constitute the "Exchange Offer"), receipt of which are hereby
acknowledged, the aggregate principal amount of Old Securities set forth
below pursuant to the guaranteed delivery procedure described in "The
Exchange Offer --Procedures for Tendering" section in the Prospectus and the
Letter of Transmittal.
Principal Amount of Old Securities
Tendered $
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Certificate Nos.
(if available)
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Total Principal Amount
Represented by Old Securities
Certificate(s)
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If Old Securities will be tendered by book-entry transfer, provide the
following information:
DTC Account Number
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Dated: , 1996
Signature(s)
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Please Print the Following Information:
Name(s) of Registered Holders
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Address
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Area Code and Telephone Number(s)
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm or entity identified in Rule 17Ad-15 under the
Securities Exchange Act of 1934, as amended, as an "eligible guarantor
institution," hereby guarantees to deliver to the Exchange Agent, at its
address set forth above, either the Old Securities tendered hereby in proper
form for transfer, or confirmation of the book-entry transfer of such Old
Securities pursuant to the procedures for book-entry transfer set forth in
the Prospectus, in either case together with a properly completed and duly
executed Letter of Transmittal (or facsimile thereof), with any required
signature guarantees, and any other documents required by the Letter of
Transmittal within three New York Stock Exchange trading days after the date
of execution of this Notice of Guaranteed Delivery.
Name of Firm
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Address
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Zip Code
Area Code and
Telephone Number:
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Authorized Signature
Name:
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Please type or print
Date:
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NOTE: DO NOT SEND CERTIFICATES FOR OLD SECURITIES WITH THIS NOTICE OF
GUARANTEED DELIVERY. CERTIFICATES FOR OLD SECURITIES SHOULD ONLY BE
SENT WITH YOUR LETTER OF TRANSMITTAL.