Company: EAI
Filing Date: 2025-05-06
Form Type: 424B2
Source: 0001193125-25-113786
Chunk: 31

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-05-06
Form: 424B2
Chunk 31
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 all our obligations and covenants under the mortgage and on the first mortgage bonds then outstanding unless we elect to waive such release and discharge. The mortgage does not prevent or restrict any conveyance or other transfer, or lease, of any part of the mortgaged property that does not constitute the entirety, or substantially the entirety, of the mortgaged property. Although the successor entity may, in its sole discretion, subject to the lien of the mortgage property then owned or thereafter acquired by the successor entity, the lien of the mortgage generally will not cover the property of the successor entity other than the mortgaged property it acquires from us and improvements, extensions and additions to such property and renewals, replacements and substitutions thereof, within the meaning of the mortgage. 11

The terms of the mortgage do not restrict mergers in which we are the surviving entity. The mortgage provides that a statutory merger in which our assets and liabilities may be allocated among one or more entities shall not be considered to be a merger, consolidation or conveyance of mortgaged property subject to the provisions of the mortgage relating to a merger, consolidation or conveyance of all or substantially all of the mortgaged property unless all or substantially all of the mortgaged property is allocated to one or more other entities. We have the right to amend the mortgage at any time without any consent or other action of the holders of any of the New Bonds to provide as follows:

| (1) | that any conveyance, transfer or lease of any of our properties where we retain mortgaged property with a fair                                                                                                                                         
 value in excess of 167% of the aggregate principal amount of all outstanding first mortgage bonds, and any other outstanding debt secured by a purchase money lien that ranks equally with, or senior to, the first mortgage bonds with respect to the 
 mortgaged property, shall not be deemed to be a conveyance, transfer or lease of all or substantially all of our mortgaged property. This fair value will be determined within 90 days of the conveyance, transfer or lease by an independent engineer 
 that we select; and                                                                                                                                                                                                                                    |

| (2) | that, in the case of a consolidation or merger after the consummation of which we would be the surviving or                                                                                                                                             
 resulting entity, unless we otherwise provide in a supplemental indenture to the mortgage, the lien of the mortgage will generally not cover any of the properties acquired by us in or as a result of such transaction or any improvements, extensions 
 or additions to those