Exhibit 4.2
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SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
WITH
DEUTSCHE BANK TRUST COMPANY AMERICAS,
as Trustee
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SUPPLEMENTAL INDENTURE
Relating to the
FIRST MORTGAGE BONDS
Series A 1985 due 2015
Dated as of October 1, 2004
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SUPPLEMENTAL INDENTURE, dated as of October 1, 2004, between SOUTHERN
INDIANA GAS AND ELECTRIC COMPANY, a corporation organized and existing under the
laws of the State of Indiana (hereinafter called the "Company"), party of the
first part, and DEUTSCHE BANK TRUST COMPANY AMERICAS, a corporation organized
and existing under the laws of the State of New York, formerly known as BANKERS
TRUST COMPANY, as Trustee under the Mortgage hereinafter referred to, party of
the second part.
WHEREAS, the Company heretofore executed and delivered to Deutsche Bank
Trust Company Americas, formerly known as Bankers Trust Company, as Trustee
(hereinafter called the "Trustee"), a certain Indenture of Mortgage and Deed of
Trust dated as of April 1, 1932, to secure an issue of bonds of the Company,
issued and to be issued in series, from time to time, in the manner and subject
to the conditions set forth in the said Indenture, and the said Indenture has
been amended and supplemented by Supplemental Indentures dated as of August 31,
1936, October 1, 1937, March 22, 1939, July 1, 1948, June 1, 1949, October 1,
1949, January 1, 1951, April 1, 1954, March 1, 1957, October 1, 1965, September
1, 1966, August 1, 1968, May 1, 1970, August 1, 1971, April 1, 1972, October 1,
1973, April 1, 1975, January 15, 1977, April 1, 1978, June 4, 1981, January 20,
1983, November 1, 1983, March 1, 1984, June 1, 1984, November 1, 1984, July 1,
1985, November 1, 1985, June 1, 1986, November 15, 1986, January 15, 1987,
December 15, 1987, December 13, 1990, April 1, 1993, May 1, 1993, June 1, 1993,
July 1, 1999, March 1, 2000 and August 1, 2004, which Indenture as so amended
and supplemented is hereinafter referred to as the "Mortgage" and as further
supplemented by this Supplemental Indenture is hereinafter referred to as the
"Indenture"; and
WHEREAS, the Mortgage provides that the Company and the Trustee may,
from time to time, enter into such indentures supplemental to the Mortgage as
shall be deemed by them necessary or desirable, to amend the Mortgage or any
supplemental indenture in accordance with Section 108 of the Mortgage; and
WHEREAS, the Company entered into a Loan Agreement dated as of July 1,
1985 (the "Original Loan Agreement") with Warrick County, Indiana (the "County")
pursuant to which the County issued $9,975,000 aggregate principal amount of its
Adjustable Rate Pollution Control Revenue Bonds, 1985 Series A (Southern Indiana
Gas and Electric Company Project) of which $9,775,000 principal amount is
currently outstanding (the "County Bonds") pursuant to the Indenture of Trust
dated as of July 1, 1985, as supplemented and amended by a First Supplemental
Indenture of Trust dated as of October 1, 2004 (the "Original County
Indenture"), between the County and The Bank of New York Trust Company, N.A., as
successor to The Citizens National Bank of Evansville, as trustee (the "County
Trustee"), in order to provide funds to loan to the Company for the purpose of
refunding the Issuer's $9,730,000 principal amount Pollution Control Revenue
Bonds, 1983 Series A (Southern Indiana Gas and Electric Company Project) which
were issued for the purpose of financing a portion of the costs of acquiring,
constructing and equipping of an undivided one-half interest in certain air
pollution control facilities, and pursuant to such Original Loan Agreement the
Company agreed to issue a series of its bonds under the Original County
Indenture in order to evidence and secure certain of its indebtedness under the
Original Loan Agreement; and
WHEREAS, the Company and the Trustee entered into the Supplemental
Indenture dated as of July 1, 1985 (the "July 1985 Supplemental Indenture") for
such purposes; and
WHEREAS, the Company by appropriate corporate action in conformity with
the terms of the Mortgage and pursuant to the July 1985 Supplemental Indenture
created a series of bonds which were issued under the Mortgage in an original
aggregate principal amount of $9,975,000 (of which $9,775,000 principal amount
is currently outstanding) and designated as "First Mortgage Bonds, Series A 1985
due 2015" (hereinafter sometimes referred to as "Bonds of the Twenty-sixth
Series"), which bear interest at the rate from time to time borne by the County
Bonds, are subject to certain optional and mandatory redemption rights and
obligations set forth in, and are otherwise in the form and have the terms and
provisions provided for in the July 1985 Supplemental Indenture and set forth in
the form of such bonds in the July 1985 Supplemental Indenture; and
WHEREAS, the Company has determined that it would be in its best
interests to (i) add additional methods of determining the interest rate on the
County Bonds, (ii) secure the County Bonds with a financial guaranty insurance
policy (the "Bond Insurance Policy") issued by Ambac Assurance Corporation and
(iii) amend certain provisions of the July 1985 Supplemental Indenture and the
Bonds of the Twenty-sixth Series to allow for the release of such bonds in
certain circumstances; and
WHEREAS, in connection with the foregoing, it is necessary for the
County to amend the Original County Indenture and the Original Loan Agreement
and for the Company to amend the July 1985 Supplemental Indenture and the Bonds
of the Twenty-sixth Series in order to (i) conform to the changes made to the
interest rate provisions of the Original County Indenture and (ii) permit the
Bonds of the Twenty-sixth Series to cease to secure the Company's obligation
under the Loan Agreement (as hereinafter defined) when substantially all of the
Company's first mortgage bonds are no longer outstanding, except for the Bonds
of the Twenty-sixth Series and any other first mortgage bonds subject to
substantially similar release provisions; and
WHEREAS, the Company and the Trustee deem it necessary or desirable to
enter into this Supplemental Indenture for such purposes; and
WHEREAS, the execution and delivery of this Supplemental Indenture are
authorized by Section 108 of the Mortgage and have been consented to by the
registered owner of all of the Bonds of the Twenty-sixth Series;
NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: That Southern
Indiana Gas and Electric Company, in consideration of the premises and of one
dollar to it duly paid by the Trustee at or before the ensealing and delivery of
these presents, the receipt whereof is hereby acknowledged, and of the purchase
and acceptance of the bonds issued or to be issued hereunder by the holders or
registered owners thereof, and in order to secure the payment of the principal,
premium, if any, and interest of all bonds at any time issued and outstanding
under the Indenture, according to their tenor and effect, and the performance of
all of the provisions hereof and of said bonds, hath granted, bargained, sold,
released, conveyed, assigned, transferred, pledged, set over and confirmed and
by these presents doth grant, bargain, sell, release, convey, assign, transfer,
pledge, set over and confirm unto Deutsche Bank Trust Company Americas, formerly
known as Bankers Trust Company, as Trustee, and to its successor or successors
in said trust, and to its and their assigns forever, all the properties, real,
personal and mixed, tangible and intangible of the character described in the
granting clauses of the aforesaid Indenture of Mortgage and Deed of Trust dated
as of April 1, 1932 or in any indenture supplemental thereto acquired by the
Company on or after the date of the execution and delivery of said Indenture of
Mortgage and Deed of Trust (except any in said Indenture of Mortgage and Deed of
Trust or in any indenture supplemental thereto expressly excepted) and does
hereby confirm that the Company will not cause or consent to a partition, either
voluntary or through legal proceedings, of property, whether herein described or
heretofore or hereafter acquired, in which its ownership shall be as a tenant in
common, except as permitted by and in conformity with the provisions of the
Indenture and particularly of Article X thereof.
TOGETHER WITH all and singular the tenements, hereditaments and
appurtenances belonging or in any wise appertaining to the aforesaid property or
any part thereof, with the reversion and reversions, remainder and remainders
and (subject to the provisions of Article X of the Indenture), the tolls, rents,
revenues, issues, earnings, income, product and profits thereof, and all the
estate, right, title, interest and claim whatsoever, at law as well as in
equity, which the Company now has or may hereafter acquire in and to the
aforesaid property and franchises and every part and parcel thereof.
TO HAVE AND TO HOLD all such properties, real, personal and mixed,
mortgaged, pledged or conveyed by the Company as aforesaid, or intended so to
be, unto the Trustee and its successors and assigns forever.
IN TRUST, NEVERTHELESS, upon the terms and trusts of the Indenture, for
those who shall hold the bonds and coupons issued and to be issued thereunder,
or any of them, without preference, priority or distinction as to lien of any of
said bonds and coupons over any others thereof by reason of priority in the time
of the issue or negotiation thereof, or otherwise howsoever, subject, however,
to the provisions in reference to extended, transferred or pledged coupons and
claims for interest set forth in the Indenture (and subject to any sinking funds
that may be created for the benefit of any particular series).
PROVIDED, HOWEVER, and these presents are upon the condition that, if
the Company, its successors or assigns, shall pay or cause to be paid, the
principal of, premium, if any, and interest on said bonds, at the times and in
the manner stipulated therein and herein, and shall keep, perform and observe
all and singular the covenants and promises in said bonds and in the Indenture
expressed to be kept, performed and observed by or on the part of the Company,
then this Supplemental Indenture and the estate and rights hereby granted shall
cease, determine and be void, otherwise to be and remain in full force and
effect.
IT IS HEREBY COVENANTED, DECLARED AND AGREED, by the Company, that all
such bonds and coupons are to be issued, authenticated and delivered, and that
all property subject or to become subject hereto is to be held, subject to the
further covenants, conditions, uses and trusts in the Indenture set forth, and
the Company, for itself and its successors and assigns, does hereby covenant and
agree to and with the Trustee and its successor or successors in such trust, for
the benefit of those who shall hold said bonds and interest coupons, or any of
them, as follows:
PART I
DEFINITIONS
All words and terms defined in Part I of the Supplemental Indenture
dated as of July 1, 1985 shall have the same meanings in this Supplemental
Indenture, except that the definitions of "County Indenture" and "Loan
Agreement" are amended in their entirety to read as follows. In addition,
certain words and terms are defined in the preamble of this Supplemental
Indenture.
COUNTY INDENTURE:
The term "County Indenture," when used in connection with the
Bonds of the Twenty-sixth Series, shall mean the Amended and
Restated Indenture of Trust, dated as of October 1, 2004, by
and between Warrick County, Indiana and The Bank of New York
Trust Company, N.A., as successor to The Citizens National
Bank of Evansville, as Trustee, and any indenture supplemental
thereto or amendatory thereof, pursuant to which the
Adjustable Rate Pollution Control Revenue Bonds, 1985 Series A
(Southern Indiana Gas and Electric Company Project) are issued
and secured.
LOAN AGREEMENT:
The term "Loan Agreement," when used in connection with the
Bonds of the Twenty-sixth Series, shall mean the Loan
Agreement dated as of July 1, 1985, as supplemented and
amended by the First Amendment to Loan Agreement, dated as of
October 1, 2004 between Warrick County, Indiana, and the
Company, relating to the Adjustable Rate Pollution Control
Revenue Bonds, 1985 Series A (Southern Indiana Gas and
Electric Company Project) and any and all modifications,
amendments and supplements thereof.
PART II
The forms of the definitive registered bonds without coupons of the
Bonds of the Twenty-sixth Series and the Trustee's certificate of authentication
to be borne by such bonds included in the preamble to the July 1985 Supplemental
Indenture are hereby amended in their entirety such that the form of the
definitive registered bonds without coupons of the Bonds of the Twenty-sixth
Series and the Trustee's certificate of authentication to be borne by such bonds
are to be substantially in the following forms, respectively:
"[FORM OF FULLY REGISTERED BOND OF THE TWENTY-SIXTH SERIES]
[FORM OF FACE OF BOND]
SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
FIRST MORTGAGE BOND, SERIES A 1985 DUE 2015
No. _________ $____________
Southern Indiana Gas and Electric Company, a corporation of
the State of Indiana (hereinafter called the "Company"), for
value received, hereby promises to pay to____________________
______________________________________________________ or
registered assigns ____________________________________
dollars, on July 1, 2015, subject to prior redemption, at the
office or agency of the Company in the Borough of Manhattan,
The City of New York, N.Y., in any coin or currency of the
United States of America which at the time of payment is legal
tender for the payment of public and private debts, and to pay
to the registered owner hereof interest thereon at the same
rate or rates of interest as the Adjustable Rate Pollution
Control Revenue Bonds, 1985 Series A (Southern Indiana Gas and
Electric Company Project) (the "Warrick County Bonds") issued
by Warrick County, Indiana (the "County") under the Indenture
of Trust, dated as of July 1, 1985, as supplemented and
amended by the First Supplemental Indenture of Trust dated as
of October 1, 2004, as amended and restated by the Amended and
Restated Indenture of Trust dated as of October 1, 2004, and
any indenture supplemental thereto or amendatory thereof (the
"County Indenture"), between the County and The Bank of New
York Trust Company, N.A., as successor to The Citizens
National Bank of Evansville, as trustee (the "County Trustee")
(as determined in accordance with the County Indenture);
provided, however, that in no event shall the rate of interest
borne by the bonds of this series exceed 11% per annum. Such
interest, in like coin or currency, payable at said office or
agency on the same dates as interest on the Warrick County
Bonds, or if this bond shall be duly called for redemption,
until the redemption date, or if the Company shall default in
the payment of the principal hereof, until the Company's
obligation to pay principal shall be discharged as provided in
the Indenture, is paid until the principal sum is paid in full
discharge under the Indenture.
The Company has agreed to pay the principal of and interest on
the Warrick County Bonds pursuant to a Loan Agreement dated as
July 1, 1985, as supplemented and amended by the First
Amendment to Loan Agreement dated as of October 1, 2004 (as so
amended and as hereinafter supplemented and amended, the
"Agreement") between the Company and the County. Pursuant to
the Granting Clause of the County Indenture, this bond is
issued to the County Trustee to secure any and all obligations
of the Company under the Agreement with respect to payment of
the County Bonds. Payment of principal of, or interest on, the
County Bonds shall constitute payments on this bond as further
provided herein and in the Supplemental Indenture dated July
1, 1985, as supplemented and amended by the Supplemental
Indenture dated as of October 1, 2004 pursuant to which this
amended bond has been authorized (the "Supplemental
Indenture").
Upon any payment of the principal of, and interest on, all or
any portion of the Warrick County Bonds, whether at maturity
or otherwise or upon provision for the payment thereof having
been made in accordance with Section 8.01 of the County
Indenture, a principal amount of this bond equal to the
principal amount of such Warrick County Bonds shall, to the
extent of such payment of principal and interest, be deemed
paid and the obligation of the Company thereunder to make such
payment shall be discharged to such extent and, in the case of
the payment of principal, such bonds shall be surrendered to
the Company for cancellation as provided in Section 8.02 of
the County Indenture. The Trustee (as hereinafter defined) may
at any time and all times conclusively assume that the
obligation of the Company to make payments under the Agreement
with respect to the principal of, and interest on, the Warrick
County Bonds, so far as such payments at the time have become
due, has been fully satisfied and discharged pursuant to the
foregoing sentence unless and until the Trustee shall have
received a written notice from the County Trustee signed by
one of its officers stating (i) that timely payment of
principal of, or interest on, the Warrick County Bonds has not
been made, (ii) that the Company is in arrears as to the
payments required to be made by it to the County Trustee
pursuant to the Agreement, and (iii) the amount of the
arrearage.
The provisions of this bond are continued on the reverse
hereof and such continued provisions shall for all purposes
have the same effect as though fully set forth at this place.
This bond shall not become obligatory until Deutsche Bank
Trust Company Americas, the Trustee under the Mortgage, or its
successor thereunder, shall have signed the form of
certificate endorsed hereon.
IN WITNESS WHEREOF, Southern Indiana Gas and Electric Company
has caused this bond to be signed in its name by its President
or a Vice President, by his signature or a facsimile thereof,
and a facsimile of its corporate seal to be imprinted hereon,
attested by its Secretary or an Assistant Secretary, by his
signature or a facsimile thereof.
Dated:
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SOUTHERN INDIANA GAS AND
ELECTRIC COMPANY
By:
----------------------------
----------------------------
Attest:
--------------------------
Secretary
[FORM OF TRUSTEE'S CERTIFICATE]
This bond is one of the bonds of the series designated
therein, described in the within-mentioned Mortgage.
DEUTSCHE BANK TRUST
COMPANY AMERICAS,
as Trustee
By:
----------------------------
Authorized Officer
[FORM OF REVERSE OF BOND]
SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
FIRST MORTGAGE BOND, SERIES A 1985 DUE 2015
This bond is one of an issue of First Mortgage Bonds of the
Company, issuable in series, and is one of the series
designated in the title hereof, all issued and to be issued
under and equally secured (except as to any sinking fund
established in accordance with the provisions of the Mortgage
hereinafter mentioned for the bonds of any particular series)
by an Indenture of Mortgage and Deed of Trust, dated as of
April 1, 1932, executed by the Company to Deutsche Bank Trust
Company Americas, formerly known as Bankers Trust Company, as
Trustee (the "Trustee"), as amended and supplemented by
indentures supplemental thereto, including without limitation
a Supplemental Indenture dated as of July 1, 1985, as
particularly supplemented and amended by a Supplemental
Indenture dated as of October 1, 2004, to which Indenture as
amended and supplemented (herein referred to as the
"Mortgage") reference is made for a description of the
property mortgaged and pledged, the nature and extent of the
security, the rights of the holders of the bonds in respect
thereof and the terms and conditions upon which the bonds are
secured.
The bonds of this series are issued and to be issued in order
to evidence and secure a loan made by the County to the
Company pursuant to a Loan Agreement dated as of July 1, 1985,
as supplemented and amended. In order to provide moneys to
fund such loan, the County has issued the Warrick County Bonds
under and pursuant to the County Indenture. Payments made by
the Company of principal and interest on the bonds of this
series are intended to be sufficient to permit payments of
principal and interest to be made on the Warrick County Bonds.
Upon certain terms and conditions, moneys held under and
pursuant to the County Indenture, including moneys so held
from the proceeds of the sale of the Warrick County Bonds or
earnings on the investment of such proceeds, or redemption of
the Warrick County Bonds shall be credited to or used for the
payment of the bonds of this series and to the extent so
credited or used shall satisfy a like amount otherwise due
hereunder.
The bonds of this series are subject to optional and mandatory
redemption, in whole or in part, as the case may be, on each
date that Warrick County Bonds are to be redeemed. The
principal amount of the bonds of this series to be redeemed on
any such date shall be equal to the principal amount of
Warrick County Bonds called for redemption on that date. All
redemptions of bonds of this series shall be at 100% of the
principal amount thereof, plus accrued interest to the
redemption date.
If and whenever the Trustee or the Company is notified that an
event of default has occurred and is continuing under Section
9.01(e) of the County Indenture, and provided that the
principal of all Warrick County Bonds then outstanding and the
interest thereon shall have been declared immediately due and
payable, then not later than two business days following the
occurrence of the foregoing events, the Company shall, upon
not less than 30 days' and not more than 45 days' prior
written notice given in the manner provided in the Mortgage,
call for redemption on a redemption date selected by it not
later than 45 days following the date of such notice, all of
the bonds of this series then outstanding, and shall on such
redemption date redeem the same at a price equal to 100% of
the principal amount thereof, together with accrued interest
thereon to the redemption date, except that such requirement
or redemption shall be deemed to be waived if, prior to the
date fixed for such redemption of the bonds of this series,
such event of default is waived or cured.
In case a completed default, as defined in the Mortgage, shall
occur, the principal of this bond and all other bonds of the
Company at any such time outstanding under the Mortgage may be
declared or may become due and payable, upon the conditions
and in the manner and with the effect provided in the
Mortgage. The Mortgage provides that such declaration may in
certain events be waived by the holders of a majority in
principal amount of the bonds entitled to vote then
outstanding.
This bond, subject to the limitations with regard thereto
contained in the County Indenture, is transferable as
prescribed in the Mortgage by the registered owner hereof in
person, or by his duly authorized attorney, at the office or
agency of the Company in the Borough of Manhattan, The City of
New York, N.Y., upon surrender and cancellation of this bond,
and thereupon, a new fully registered bond of the same series
for a like principal amount will be issued to the transferee
in exchange thereof as provided in the Mortgage, and upon
payment, if the Company shall require it, of the charges
therein prescribed. The Company and the Trustee may deem and
treat the person in whose name this bond is registered as the
absolute owner for the purpose of receiving payment of or on
account of the principal and interest due hereon and for all
other purposes.
As provided in Section 8.02 of the County Indenture, from and
after the Release Date (as defined in the County Indenture),
the obligations of the Company with respect to this bond shall
be deemed to be satisfied and discharged, this bond shall
cease to secure in any manner the Company's obligations under
the Agreement with respect to the payment of any County Bonds
outstanding under the County Indenture, and, pursuant to
Section 8.02 of the County Indenture, the County Trustee shall
forthwith deliver this Bond to the Company for cancellation.
The Bonds of this series are issuable as registered bonds
without coupons in denominations of $1,000 and authorized
multiples thereof. In the manner and upon payment of the
charges prescribed in the Mortgage, registered bonds without
coupons of this series may be exchanged for a like aggregate
principal amount of fully registered bonds without coupons of
other authorized denominations of the same series, upon
presentation and surrender thereof, for cancellation, to the
Trustee at its principal corporate trust office in the Borough
of Manhattan, The City of New York, N.Y.
No recourse shall be had for the payment of the principal of
or interest on this bond against any incorporator or any past,
present or future subscriber to the capital stock,
stockholder, officer or director of the Company or of any
predecessor or successor corporation, either directly or
through the Company or any predecessor or successor
corporation, under any rule of law, statute or constitution or
by the enforcement of any assessment or otherwise, all such
liability of incorporators, subscribers, stockholders,
officers and directors being released by the holder or owner
hereof by the acceptance of this bond and being likewise
waived and released by the terms of the Mortgage.
Pursuant to the Mortgage, the holder or owner of this bond by
his acceptance hereof is deemed to have agreed to amendments
to the Mortgage which will eventually permit certain
amendments to the Mortgage with the consent of the holders of
66-2/3% of the principal amount of the outstanding bonds of
all series issued under the Mortgage and which redefine,
effective at such time as all bonds of each series of bonds
issued under the Mortgage prior to January 1, 1977 are no
longer outstanding, the amounts required to be spent by the
Company under the Mortgage for the repair, maintenance,
renewal and replacement of its property.
[END OF FORM OF BOND]"
PART III
Part II of the Supplemental Indenture dated as of July 1, 1985 is
hereby amended in its entirety to read as follows:
"PART II
DESCRIPTION OF BONDS OF THE TWENTY-SIXTH SERIES
Section 1. Bonds of the Twenty-sixth Series shall
mature on the date set forth in the form of bond relating
hereto hereinbefore set forth, shall bear interest at the rate
from time to time borne by the Warrick County Bonds; provided,
however, that in no event shall the rate of interest borne by
the Bonds of the Twenty-sixth Series exceed 11%. Such
interest, payable on the same dates as interest on the Warrick
County Bonds, and all bonds of said series shall be designated
as hereinbefore in the fifth WHEREAS clause of the
Supplemental Indenture dated as of October 1, 2004. Both
principal of and interest on said bonds shall be payable, to
the extent specified in the form of bond hereinabove set
forth, in any coin or currency of the United States of America
which at the time of payment is legal tender for the payment
of public and private debts, at the office or agency of the
Company in the Borough of Manhattan, The City of New York,
N.Y. Definitive bonds of said series may be issued, originally
or otherwise, only as registered bonds without coupons; and
they and the Trustee's certificate of authentication shall be
substantially in the forms hereinbefore recited, respectively.
Definitive registered Bonds of the Twenty-sixth Series may be
issued in the denomination of $1,000 and in such other
denominations (in multiples of $1,000) as the Board of
Directors of the Company shall approve, and execution and
delivery to the Trustee for authentication shall be conclusive
evidence of such approval. In the manner and upon payment of
the charges prescribed in the Indenture, registered bonds
without coupons of said series may be exchanged for a like
aggregate principal amount of fully registered bonds without
coupons of other authorized denominations of the same series,
upon presentation and surrender thereof for cancellation to
the Trustee at its principal corporate trust office in the
Borough of Manhattan, The City of New York, N.Y. However,
notwithstanding the provisions of Section 12 of the Indenture,
no charge shall be made upon any transfer or exchange of bonds
of said series other than for any tax or taxes or other
governmental charge required to be paid by the Company. The
form of the temporary bonds of said series shall be in
substantially the form of the form of registered bond
hereinbefore recited with such appropriate changes therein as
are required on account of the temporary nature thereof. Said
temporary bonds of said series shall be in registered form
without coupons, registrable as to principal, and shall be
exchangeable for definitive bonds of said series when
prepared.
The person in whose name any registered bond without coupons
of the Twenty-sixth Series is registered at the close of
business on any record date (as hereinbelow defined) with
respect to any interest payment date shall be entitled to
receive the interest payable on such interest payment date
notwithstanding the cancellation of such registered bond upon
any transfer or exchange thereof subsequent to the record date
and prior to such interest payment date, except if and to the
extent the Company shall default in the payment of the
interest due on such interest payment date, in which case such
defaulted interest shall be paid to the person in whose name
such bond is registered either at the close of business on the
day preceding the date of payment of such defaulted interest
or on a subsequent record date for such payment if one shall
have been established as hereinafter provided. A subsequent
record date may be established by or on behalf of the Company
by notice mailed to the holders of bonds not less than ten
days preceding such record date, which record date shall be
not more than thirty days prior to the subsequent interest
payment date. The term "record date" as used in this Section
with respect to any regular interest payment date shall mean
the Interest Payment Date (as defined in the County
Indenture).
Except as provided in this Section, every registered bond
without coupons of the Twenty-sixth Series shall be dated and
shall bear interest as provided in Section 10 of the
Indenture; provided, however, that so long as there is no
existing default in the payment of interest on the bonds, the
holder of any bond authenticated by the Trustee between the
record date for any interest payment date and such interest
payment date shall not be entitled to the payment of the
interest due on such interest payment date and shall have no
claim against the Company with respect thereto; and provided,
further, that, if and to the extent the Company shall default
in the payment of the interest due on such interest payment
date, then any such bond shall bear interest from the interest
payment date to which interest has been paid.
Upon any payment of the principal of and interest on, all or
any portion of the Warrick County Bonds, whether at maturity
or otherwise or upon provision for the payment thereof having
been made in accordance with Section 8.01 of the County
Indenture, the Bonds of the Twenty-sixth Series in a principal
amount equal to the principal amount of such Warrick County
Bonds shall, to the extent of such payment of principal and
interest, be deemed paid and the obligation of the Company
thereunder to make such payment shall be discharged to such
extent and, in the case of the payment of principal, such
Bonds of the Twenty-sixth Series shall be surrendered to the
Company for cancellation as provided in and subject to the
terms of Section 8.02 of the County Indenture. The Trustee may
at any time and all times conclusively assume that the
obligation of the Company under the Agreement to make payments
with respect to the principal of and interest on the County
Bonds, so far as such payments at the time have become due,
has been fully satisfied and discharged pursuant to the
foregoing sentence unless and until the Trustee shall have
received a written notice from the County Trustee signed by
one of its officers stating (i) the timely payment of
principal or interest on the Warrick County Bonds has not been
made, (ii) that the Company is in arrears as to the payments
required to be made by it to the County Trustee pursuant to
the Agreement, and (iii) the amount of the arrearage."
PART IV
Part IV of the Supplemental Indenture dated as of July 1, 1985 is
hereby amended in its entirety to read as follows:
"PART IV
REDEMPTION PROVISIONS
Section 1. The Bonds of the Twenty-sixth Series shall
be subject to redemption by the Company prior to maturity, in
the events and in the manner and at the redemption prices set
forth in the form of Bond of such series."
PART V
MISCELLANEOUS
Section 1. The Company covenants that the provisions of Section 36A
of the Indenture and of Section 1.02 of the Supplemental Indenture dated as of
July 1, 1948, which are to remain in effect so long as any bonds of the series
referred to in said Section shall be outstanding under the Indenture, shall
remain in full force and effect so long as any Bonds of the Twenty-sixth Series
shall be outstanding under the Indenture.
Section 2. Except as herein otherwise expressly provided, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this Supplemental Indenture, other than as
set forth in the Mortgage. The Trustee shall not be responsible for the recitals
herein or in the bonds (except the Trustee's certificate of authentication), all
of which are made by the Company solely.
Section 3. As supplemented and amended by this Supplemental
Indenture, the Mortgage is in all respects ratified and confirmed, and the
Mortgage and this Supplemental Indenture shall be read, taken and construed as
one and the same instrument.
Section 4. This Supplemental Indenture may be executed in several
counterparts and all such counterparts executed and delivered, each as an
original, shall constitute but one and the same instrument.
IN WITNESS WHEREOF, SOUTHERN INDIANA GAS AND ELECTRIC COMPANY, party of
the first part hereto, and DEUTSCHE BANK TRUST COMPANY AMERICAS, party of the
second part hereto, have caused these presents to be executed in their
respective names by their respective Presidents or one of their Vice Presidents
or Assistant Vice Presidents and their respective seals to be hereunto affixed
and attested by their respective Secretaries or one of their Assistant
Secretaries or Associates, all as of the day and year first above written.
(SEAL)
SOUTHERN INDIANA GAS AND ELECTRIC
COMPANY
By /s/ Robert L. Goocher
-------------------------------
ROBERT L. GOOCHER
Vice President and Treasurer
Attest:
/s/ Robert E. Heidorn
- ------------------------------
ROBERT E. HEIDORN
Vice President, General Counsel
and Assistant Secretary
(SEAL)
DEUTSCHE BANK TRUST COMPANY
AMERICAS
By /s/ Susan Johnson
-------------------------------
SUSAN JOHNSON
Vice President
Attest:
/s/ Irina Golovashchuk
- -----------------------------
IRINA GOLOVASHCHUK
Associate
STATE OF INDIANA )
) SS
COUNTY OF VANDERBURGH )
On this 5th day of October, 2004, before me, the undersigned, a notary
public in and for the county and state aforesaid, personally came Robert L.
Goocher, to me known, who being by me duly sworn, did depose and say that he
resides at 6755 River Ridge Drive, Newburgh, Indiana 47630; that he is Vice
President and Treasurer of SOUTHERN INDIANA GAS AND ELECTRIC COMPANY, one of the
corporations described in and which executed the foregoing instrument; that he
knows the seal of the said corporation; that the seal affixed to said instrument
is such corporate seal; that it was so affixed by order of the Board of
Directors of said corporation and that he signed his name thereto by like order;
and the said Robert L. Goocher acknowledged the execution of the foregoing
instrument on behalf of the said corporation as the voluntary act and deed of
the said corporation for the uses and purposes therein set forth.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and
year first above written.
/s/ Patricia Williams
--------------------------------
Notary Public
(SEAL)
My Commission Expires: April 23, 2009
My County of Residence is: Warrick County
------------------------
------------------------
STATE OF NEW YORK )
) SS
COUNTY OF NEW YORK )
On this 5th day of October, 2004, before me, the undersigned, a notary
public in and for the county and state aforesaid, personally came Susan Johnson,
to me known, who being by me duly sworn, did depose and say that she resides at
154 East 46th Street, Brooklyn, New York 11203; that she is Vice President of
DEUTSCHE BANK TRUST COMPANY AMERICAS, one of the corporations described in and
which executed the foregoing instrument; that she knows the seal of the said
corporation; that the seal affixed to said instrument is such corporate seal;
that it was so affixed by order of the Board of Directors of said corporation
and that she signed her name thereto by like order; and the said Susan Johnson
acknowledged the execution of the foregoing instrument on behalf of the said
corporation as the voluntary act and deed of the said corporation for the uses
and purposes therein set forth.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the day and
year first above written.
/s/ Annie Jaghatspanyan
---------------------------------
Notary Public
(SEAL)
My Commission Expires: July 30, 2005
My County of Residence is: Bergen, New Jersey
---------------------------------
Qualified in New York County
CONSENT OF THE REGISTERED OWNER
Pursuant to Section 1402 of the Indenture of Trust (the "Indenture")
between Warrick County, Indiana and The Bank of New York Trust Company, N.A.,
successor to The Citizens National Bank of Evansville, as Trustee, dated as of
July 1, 1985, as amended, the undersigned as the registered owner of 100% of the
First Mortgage Bonds (as defined in the Indenture) hereby consents to the
execution and delivery of the Supplemental Indenture dated as of October 1, 2004
(the "Supplemental Indenture") between Southern Indiana Gas and Electric Company
and Deutsche Bank Trust Company Americas, as mortgage trustee and the amendment
of the First Mortgage Bonds as set forth in said Supplemental Indenture.
THE BANK OF NEW YORK TRUST COMPANY,
N.A.
By /s/ Mark A. Hudson
---------------------------------
Its Vice President
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Date: October 15, 2004