Exhibit 10.1

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AMENDED AND RESTATED
FIVE-YEAR REVOLVING CREDIT AGREEMENT
 
DATED AS OF JULY 14, 2006

 
among

 
AMEREN CORPORATION
UNION ELECTRIC COMPANY
CENTRAL ILLINOIS PUBLIC SERVICE COMPANY
CENTRAL ILLINOIS LIGHT COMPANY
AMEREN ENERGY GENERATING COMPANY
ILLINOIS POWER COMPANY,
as Borrowers

 
THE LENDERS FROM TIME TO TIME PARTIES HERETO
 
and
 
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
 
BARCLAYS BANK PLC,
as Syndication Agent
 
CITIBANK, N.A.,
THE BANK OF NEW YORK and
BNP PARIBAS,
as Co-Documentation Agents

 
_____________________________________________________
J. P. MORGAN SECURITIES INC.
 
and

BARCLAYS CAPITAL,
AS JOINT ARRANGERS AND BOOKRUNNERS

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ARTICLE I
DEFINITIONS...........................................................................................................................................................................................................................................
  1
     
1.1.
Certain Defined
Terms.................................................................................................................................................................................................................................
  1
1.2.
Plural
Forms...................................................................................................................................................................................................................................................
20
     
ARTICLE II
THE
CREDITS...........................................................................................................................................................................................................................................
20
   
 
2.1.
Commitment...................................................................................................................................................................................................................................................
20
2.2.
Required Payments;
Termination...............................................................................................................................................................................................................
20
2.3.
Loans..............................................................................................................................................................................................................................................................
21
2.4.
Competitive Bid
Procedure..........................................................................................................................................................................................................................
21
2.5.
Swingline
Loans............................................................................................................................................................................................................................................
23
2.6.
Letters of
Credit............................................................................................................................................................................................................................................
24
2.7.
Types of
Advances......................................................................................................................................................................................................................................
29
2.8.
Facility Fee; Letter of Credit Fees; Reductions in Aggregate
Commitment........................................................................................................................................
30
2.9.
Minimum Amount of Each
Advance.........................................................................................................................................................................................................
30
2.10.
Optional Principal
Payments.......................................................................................................................................................................................................................
31
2.11.
Method of Selecting Types and Interest Periods for New Revolving
Advances..............................................................................................................................
31
2.12.
Conversion and Continuation of Outstanding Revolving Advances;
No Conversion or Continuation of Revolving Eurodollar Advances After
Default............................................................................................................................................................................................................................................................
 
31
2.13.
Interest Rates,
etc.........................................................................................................................................................................................................................................
32
2.14.
Rates Applicable After
Default..................................................................................................................................................................................................................
32
2.15.
Funding of Loans; Method of
Payment...................................................................................................................................................................................................
33
2.16.
Noteless Agreement; Evidence of
Indebtedness....................................................................................................................................................................................
33
2.17.
Telephonic
Notices......................................................................................................................................................................................................................................
34
2.18.
Interest Payment Dates; Interest and Fee
Basis......................................................................................................................................................................................
34
2.19.
Notification of Advances, Interest Rates, Prepayments and Commitment Reductions;
Availability of 
Loans............................................................................
35
2.20.
Lending
Installations...................................................................................................................................................................................................................................
35
2.21.
Non Receipt of Funds by the
Agent.........................................................................................................................................................................................................
35
2.22.
Replacement of
Lender........................................................................................................................................................................
35
2.23.
Extension of Commitment Termination Date and Borrowing Subsidiary Maturity
Dates.................................................................................................................
36
     
ARTICLE III
YIELD PROTECTION;
TAXES...............................................................................................................................................................................................................
38
     
3.1.
Yield
Protection.............................................................................................................................................................................................................................................
38
3.2.
Changes in Capital Adequacy
Regulations..............................................................................................................................................................................................
39
3.3.
Availability of Types of
Advances...........................................................................................................................................................................................................
40
3.4.
Funding
Indemnification.............................................................................................................................................................................................................................
40
3.5.
Taxes...............................................................................................................................................................................................................................................................
40
3.6.
Lender Statements; Survival of
Indemnity...............................................................................................................................................................................................
42
3.7.
Alternative Lending
Installation................................................................................................................................................................................................................
42
3.8.
Allocation of Amounts Payable Among
Borrowers...............................................................................................................................................................................
43

 
 

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ARTICLE IV
CONDITIONS
PRECEDENT.......................................................................................................................................................................................................................
43
     
4.1.
Amendment Effective
Date.............................................................................................................................................................................................................................
43
4.2.
Each Credit
Extension......................................................................................................................................................................................................................................
44
     
ARTICLE V
REPRESENTATIONS AND
WARRANTIES...........................................................................................................................................................................................
46
     
5.1.
Existence and
Standing...................................................................................................................................................................................................................................
46
5.2.
Authorization and
Validity.............................................................................................................................................................................................................................
46
5.3.
No Conflict; Government
Consent................................................................................................................................................................................................................
46
5.4.
Financial
Statements........................................................................................................................................................................................................................................
47
5.5.
Material Adverse
Change...............................................................................................................................................................................................................................
46
5.6.
Taxes..................................................................................................................................................................................................
47
5.7.
Litigation and Contingent
Obligations.........................................................................................................................................................................................................
47
5.8.
Subsidiaries.......................................................................................................................................................................................................................................................
48
5.9.
ERISA.................................................................................................................................................................................................................................................................
48
5.10.
Accuracy of
Information.................................................................................................................................................................................................................................
48
5.11.
Regulation
U.....................................................................................................................................................................................................................................................
48
5.12.
Material
Agreements.......................................................................................................................................................................................................................................
48
5.13.
Compliance With
Laws....................................................................................................................................................................................................................................
49
5.14.
Ownership of
Properties..................................................................................................................................................................................................................................
49
5.15.
Plan Assets; Prohibited
Transactions..........................................................................................................................................................................................................
49
5.16.
Environmental
Matters....................................................................................................................................................................................................................................
49
5.17.
Investment Company
Act...............................................................................................................................................................................................................................
49
5.18.
Federal Energy Regulatory
Commission......................................................................................................................................................................................................
49
5.19.
Insurance...........................................................................................................................................................................................................................................................
50
5.20.
No Default or Unmatured
Default..................................................................................................................................................................................................................
50
     
ARTICLE VI
COVENANTS................................................................................................................................................................................................................................................
50
     
6.1.
Financial
Reporting..........................................................................................................................................................................................................................................
50
6.2.
Use of Proceeds and Letters of
Credit..........................................................................................................................................................................................................
52
6.3.
Notice of
Default..............................................................................................................................................................................................................................................
52
6.4.
Conduct of
Business.......................................................................................................................................................................................................................................
52
6.5.
Taxes..................................................................................................................................................................................................................................................................
52
6.6.
Insurance...........................................................................................................................................................................................................................................................
52
6.7.
Compliance with Laws; Federal Energy Regulatory Commission
Authorization...................................................................................................................................
53
6.8.
Maintenance of
Properties..............................................................................................................................................................................................................................
53
6.9.
Inspection; Keeping of Books and
Records................................................................................................................................................................................................
53
6.10.
Merger................................................................................................................................................................................................
53
6.11.
Dispositions of
Assets....................................................................................................................................................................................................................................
54
6.12.
Indebtedness of Project Finance Subsidiaries, Investments in Project Finance
Subsidiaries;
Acquisitions....................................................................................
55
6.13.
Liens...................................................................................................................................................................................................................................................................
57
6.14.
Affiliates............................................................................................................................................................................................................................................................
60
6.15.
Financial
Contracts..........................................................................................................................................................................................................................................
61
6.16.
Subsidiary
Covenants.....................................................................................................................................................................................................................................
61

 
 
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6.17.
Leverage
Ratio................................................................................................................................................................................................................................................
61
     
ARTICLE VII
DEFAULTS.................................................................................................................................................................................................................................................
61
     
ARTICLE VIII
ACCELERATION, WAIVERS, AMENDMENTS AND
REMEDIES..................................................................................................................................................
64
     
8.1.
Acceleration....................................................................................................................................................................................................................................................
64
8.2.
Amendments...................................................................................................................................................................................................................................................
65
8.3.
Preservation of
Rights...................................................................................................................................................................................................................................
66
     
ARTICLE IX
GENERAL
PROVISIONS...........................................................................................................................................................................................................................
66
     
9.1.
Survival of
Representations.........................................................................................................................................................................................................................
66
9.2.
Governmental
Regulation.............................................................................................................................................................................................................................
66
9.3.
Headings.........................................................................................................................................................................................................................................................
66
9.4.
Entire
Agreement...........................................................................................................................................................................................................................................
66
9.5.
Several Obligations; Benefits of this
Agreement......................................................................................................................................................................................
66
9.6.
Expenses;
Indemnification............................................................................................................................................................................................................................
67
9.7.
Numbers of
Documents.................................................................................................................................................................................................................................
68
9.8.
Accounting.....................................................................................................................................................................................................................................................
68
9.9.
Severability of
Provisions.............................................................................................................................................................................................................................
69
9.10.
Nonliability......................................................................................................................................................................................................................................................
69
9.11.
Confidentiality.................................................................................................................................................................................................................................................
69
9.12.
Lenders Not Utilizing Plan
Assets...............................................................................................................................................................................................................
70
9.13.
Nonreliance......................................................................................................................................................................................................................................................
70
9.14.
Disclosure........................................................................................................................................................................................................................................................
70
9.15.
USA Patriot
Act..............................................................................................................................................................................................................................................
70
     
ARTICLE X
THE
AGENT................................................................................................................................................................................................................................................
70
     
10.1.
Appointment; Nature of
Relationship.........................................................................................................................................................................................................
70
10.2.
Powers..............................................................................................................................................................................................................................................................
71
10.3.
General
Immunity............................................................................................................................................................................................................................................
71
10.4.
No Responsibility for Loans, Recitals,
etc..................................................................................................................................................................................................
71
10.5.
Action on Instructions of
Lenders..............................................................................................................................................................................................................
71
10.6.
Employment of Agents and
Counsel...........................................................................................................................................................................................................
72
10.7.
Reliance on Documents;
Counsel................................................................................................................................................................................................................
72
10.8.
Agent’s Reimbursement and
Indemnification............................................................................................................................................................................................
72
10.9.
Notice of
Default.............................................................................................................................................................................................................................................
73
10.10.
Rights as a
Lender..........................................................................................................................................................................................................................................
73
10.11.
Independent Credit
Decision.......................................................................................................................................................................................................................
73
10.12.
Successor
Agent...........................................................................................................................................................................................................................................
73
10.13.
Agent and Arranger
Fees.............................................................................................................................................................................................................................
74
10.14.
Delegation to
Affiliates.................................................................................................................................................................................................................................
74
10.15.
Syndication Agent and Documentation
Agents.......................................................................................................................................................................................
74
     
ARTICLE XI
SETOFF; RATABLE
PAYMENTS...........................................................................................................................................................................................................
74
     
11.1.
Setoff................................................................................................................................................................................................................................................................
74
11.2.
Ratable
Payments...........................................................................................................................................................................................................................................
75

 
 
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ARTICLE XII
BENEFIT OF AGREEMENT; ASSIGNMENTS;
PARTICIPATIONS.................................................................................................................................................
75
     
12.1.
Successors and Assigns; Designated
Lenders........................................................................................................................................................................................
75
12.2.
Participations..................................................................................................................................................................................................................................................
77
12.3.
Assignments...................................................................................................................................................................................................................................................
78
12.4.
Dissemination of
Information.......................................................................................................................................................................................................................
80
12.5.
Tax
Certifications...........................................................................................................................................................................................................................................
80
   
 
ARTICLE XIII
NOTICES.....................................................................................................................................................................................................................................................
80
     
13.1.
Notices.............................................................................................................................................................................................................................................................
80
13.2.
Change of
Address........................................................................................................................................................................................................................................
81
     
ARTICLE XIV
COUNTERPARTS......................................................................................................................................................................................................................................
81
     
ARTICLE XV
CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF
JURY
TRIAL...............................................................................................................................................................................................................................................
81

 

iv

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SCHEDULES
 
Commitment Schedule
 
LC Commitment Schedule
 
Pricing Schedule
 
Schedule 1   -   Subsidiaries
 
Schedule 2   -   Liens
 
Schedule 3   -   Restrictive Agreements
 
Schedule 4   -   Regulatory Authorizations
 
EXHIBITS
 
Exhibit A.1   -   Form of Borrowers’ Counsel’s Opinion

Exhibit A.2   -   Form of Borrowers’ Counsel’s Opinion for Illinois Corporations

Exhibit B       -   Form of Compliance Certificate

Exhibit C       -   Form of Assignment and Assumption Agreement

Exhibit D       -   Form of Loan/Credit Related Money Transfer Instruction

Exhibit E        -   Form of Promissory Note (if requested)

Exhibit F        -   Form of Designation Agreement

Exhibit G        -   Subordination Terms

Exhibit H            Form of Borrowing Subsidiary Termination

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AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT
 
This Amended and Restated Five-Year Revolving Credit Agreement, dated as of July
14, 2006, is entered into by and among Ameren Corporation, a Missouri
corporation, and its subsidiaries Union Electric Company d/b/a AmerenUE, a
Missouri corporation, Central Illinois Public Service Company d/b/a AmerenCIPS,
an Illinois corporation, Central Illinois Light Company d/b/a AmerenCILCO, an
Illinois corporation, Ameren Energy Generating Company, an Illinois corporation
and Illinois Power Company d/b/a AmerenIP, an Illinois corporation, the Lenders
and JPMorgan Chase Bank, N.A., as Agent, and amends and restates the Five-Year
Revolving Credit Agreement dated as of July 14, 2005 (the “Original Credit
Agreement”). The obligations of the Borrowers under this Agreement will be
several and not joint, and, except as otherwise set forth in this Agreement, the
obligations of a Borrowing Subsidiary will not be guaranteed by the Company or
any other subsidiary of the Company (including, without limitation, any other
Borrowing Subsidiary). The parties hereto agree as follows:
 
       ARTICLE I  
 
DEFINITIONS
 
1.1.  Certain Defined Terms. As used in this Agreement:
 
“Accounting Changes” is defined in Section 9.8 hereof.
 
“Acquisition” means any transaction, or any series of related transactions,
consummated on or after the Closing Date, by which a Borrower or any of its
Subsidiaries (i) acquires any going business or all or substantially all of the
assets of any firm, corporation or limited liability company, or division
thereof, whether through purchase of assets, merger or otherwise or (ii)
directly or indirectly acquires (in one transaction or as the most recent
transaction in a series of transactions) at least a majority (in number of
votes) of the securities of a corporation which have ordinary voting power for
the election of directors (other than securities having such power only by
reason of the happening of a contingency) or a majority (by percentage of voting
power) of the outstanding ownership interests of a partnership or limited
liability company of any Person.
 
“Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Agent.
 
“Advance” means (a) Revolving Loans (i) made by some or all of the Lenders on
the same Borrowing Date or (ii) converted or continued by the Lenders on the
same date of conversion or continuation, consisting, in either case, of the
aggregate amount of the several Revolving Loans of the same Type and, in the
case of Eurodollar Loans, for the same Interest Period, (b) a Competitive Loan
or group of Competitive Loans of the same type made on the same date and as to
which a single Interest Period is in effect or (c) a Swingline Loan.
 
“Affiliate” of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person. A Person
shall be deemed to control another Person if the controlling Person is the
“beneficial owner” (as defined in Rule 13d-3 under the Securities Exchange Act
of 1934) of 10% or more of any class of voting securities (or other ownership
interests) of the controlled Person or possesses, directly or indirectly, the
power
 
 
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to direct or cause the direction of the management or policies of the controlled
Person, whether through ownership of voting securities, by contract or
otherwise.
 
“Agent” means JPMCB, not in its individual capacity as a Lender, but in its
capacity as contractual representative of the Lenders pursuant to Article X, and
any successor Agent appointed pursuant to Article X.
 
“Aggregate Commitment” means the aggregate of the Commitments of all the
Lenders, as reduced from time to time pursuant to the terms hereof. The initial
Aggregate Commitment is One Billion One Hundred Fifty Million Dollars
($1,150,000,000.00).
 
“Aggregate Outstanding Credit Exposure” means, at any time, the aggregate of the
Outstanding Credit Exposures of all the Lenders.
 
“Aggregate Revolving Credit Exposure” means, at any time, the aggregate of the
Revolving Credit Exposures of all the Lenders.
 
“Agreement” means this Amended and Restated Five-Year Revolving Credit
Agreement, as it may be amended, restated, supplemented or otherwise modified
and as in effect from time to time.
 
“Agreement Accounting Principles” means generally accepted accounting principles
as in effect in the United States from time to time, applied in a manner
consistent with that used in preparing the financial statements referred to in
Section 5.4; provided, however, that except as provided in Section 9.8, with
respect to the calculation of the financial ratio set forth in Section 6.17 (and
the defined terms used in such Section), “Agreement Accounting Principles” means
generally accepted accounting principles as in effect in the United States as of
the Closing Date, applied in a manner consistent with that used in preparing the
financial statements referred to in Section 5.4 hereof.
 
“Alternate Base Rate” means, for any day, a fluctuating rate of interest per
annum equal to the higher of (i) the Prime Rate for such day and (ii) the sum of
(a) the Federal Funds Effective Rate for such day and (b) one-half of one
percent (0.5%) per annum.
 
“Amendment Effective Date” means the date that the amendment and restatement of
the Original Credit Agreement by this Agreement becomes effective pursuant to
Section 4.1.
 
“Applicable Fee Rate” means (a) with respect to the Facility Fee at any time,
the percentage rate per annum which is applicable to such fee at such time with
respect to the Company as set forth in the Pricing Schedule and (b) with respect
to the LC Participation Fee applicable to any Borrower at any time, the
percentage rate per annum which is applicable to such fee at such time with
respect to such Borrower as set forth in the Pricing Schedule.
 
“Applicable Margin” means, with respect to any Borrower, with respect to
Advances of any Type at any time, the percentage rate per annum which is
applicable at such time with respect to Advances of such Type to such Borrower,
as set forth in the Pricing Schedule.
 
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“Approved Fund” means any Fund that is administered or managed by (a) a Lender,
(b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender.
 
“Arrangers” means J.P. Morgan Securities Inc. and Barclays Capital and their
respective successors, in their respective capacities as Joint Arrangers and
Bookrunners.
 
“Article” means an article of this Agreement unless another document is
specifically referenced.
 
“Assignment Agreement” is defined in Section 12.3.1.
 
“Audrain Project” means the Chapter 100 financing transaction and agreements
related thereto assigned by affiliates of NRG Energy, Inc. (“NRG”) to and
assumed by Union Electric as a part of Union Electric’s purchase of a combustion
turbine generating facility located in Audrain County, Missouri (the “County”)
pursuant to which (i) Union Electric assumed a lease from the County of certain
land and improvements, including the combustion turbine generating facility, and
(ii) Union Electric acquired NRG’s ownership of indebtedness issued by the
County to finance the acquisition of such property.
 
“Authorized Officer” of any Borrower means any of the chief executive officer,
president, chief operating officer, chief financial officer, treasurer or vice
president of such Borrower, acting singly.
 
“Availability Termination Date” means, as to any Borrower, the earlier of
(a) the Maturity Date for such Borrower and (b) the date of termination in whole
of the Aggregate Commitment and the Commitments pursuant to Section 2.8 or
Section 8.1 hereof.
 
“Available Aggregate Commitment” means, at any time, the Aggregate Commitment
then in effect minus the Aggregate Outstanding Credit Exposure at such time.
 
“Barclays Bank” means Barclays Bank PLC, in its individual capacity, and its
successors.
 
“Borrowers” means the Company and the Borrowing Subsidiaries.
 
“Borrowing Date” means a date on which an Advance is made hereunder.
 
“Borrowing Notice” is defined in Section 2.11.
 
“Borrowing Subsidiaries” means Union Electric, CIPS, CILCO, Genco and IP;
provided that for all purposes of this Agreement any such company shall no
longer be a “Borrowing Subsidiary” or a “Borrower” under this Agreement from and
after such time as such Borrowing Subsidiary ceases to be a “Borrower”, a
“Borrowing Subsidiary” and a “Subsidiary” in accordance with Section 2.24.
 
“Business Day” means (i) with respect to any borrowing, payment or rate
selection of Eurodollar Advances, a day (other than a Saturday or Sunday) on
which banks generally are open in New York, New York for the conduct of
substantially all of their commercial lending activities, interbank wire
transfers can be made on the Fedwire system and dealings in Dollars are carried
on in the London interbank market and (ii) for all other purposes, a day (other
than a Saturday or Sunday) on which banks generally are open in New York, New
York for the conduct of substantially all of their commercial lending
 
3

--------------------------------------------------------------------------------

 
 activities and interbank wire transfers can be made on the Fedwire system.
 
“Capitalized Lease” of a Person means any lease of Property by such Person as
lessee which would be capitalized on a balance sheet of such Person prepared in
accordance with Agreement Accounting Principles.
 
“Capitalized Lease Obligations” of a Person means the amount of the obligations
of such Person under Capitalized Leases which would be shown as a liability on a
balance sheet of such Person prepared in accordance with Agreement Accounting
Principles.
 
“Change in Control” means, in respect of any Borrower, (i) the acquisition by
any Person, or two or more Persons acting in concert, of beneficial ownership
(within the meaning of Rule 13d-3 of the Securities and Exchange Commission
under the Securities Exchange Act of 1934) of twenty percent (20%) or more of
the aggregate ordinary voting power represented by the issued and outstanding
capital stock of the Company; (ii) the Company shall cease to own, directly or
indirectly and free and clear of all Liens or other encumbrances (except for
such Liens or other encumbrances permitted by Section 6.13), 100% of the
outstanding shares of the ordinary voting power represented by the issued and
outstanding common stock of (A) in the case of the Company, any of the Borrowing
Subsidiaries, and (B) in the case of any other Borrower, such Borrower, in each
case on a fully diluted basis; or (iii) occupation of a majority of the seats
(other than vacant seats) on the board of directors of the Company by Persons
who were neither (i) nominated by the board of directors of the Company or a
committee or subcommittee thereof to which such power was delegated nor
(ii) appointed by directors so nominated; provided that any individual who is so
nominated in connection with a merger, consolidation, acquisition or similar
transaction shall be included in such majority unless such individual was a
member of the Company’s board of directors prior thereto.
 
“CILCO” means Central Illinois Light Company d/b/a AmerenCILCO, an Illinois
corporation and, as of the Amendment Effective Date, a Subsidiary of the
Company.
 
“CILCORP” means CILCORP Inc., an Illinois corporation, the parent company of
CILCO.
 
“CIPS” means Central Illinois Public Service Company d/b/a AmerenCIPS, an
Illinois corporation and, as of the Amendment Effective Date, a Subsidiary of
the Company.
 
“Closing Date” means July 14, 2005.
 
“Code” means the Internal Revenue Code of 1986, as amended, reformed or
otherwise modified from time to time, and any rule or regulation issued
thereunder.
 
“Commitment” means, for each Lender, the amount set forth on the Commitment
Schedule or in an Assignment Agreement executed pursuant to Section 12.3
opposite such Lender’s name, as it may be modified as a result of any assignment
that has become effective
 
 
4

--------------------------------------------------------------------------------

 
pursuant to Section 12.3.2 or as otherwise modified from time to time pursuant
to the terms hereof.
 
“Commitment Extension Request” is defined in Section 2.23.
 
“Commitment Schedule” means the Schedule identifying each Lender’s Commitment as
of the Closing Date attached hereto and identified as such.
 
“Commitment Termination Date” means July 14, 2010, as such date may be extended
pursuant to Section 2.23.
 
“Committed Credit Exposure” means, as to any Lender at any time, the aggregate
principal amount of its (i) Revolving Loans, (ii) LC Exposure and
(iii) Swingline Exposure outstanding at such time.
 
“Commonly Controlled Entity” means any trade or business, whether or not
incorporated, which is under common control with a Borrower or any Subsidiary
within the meaning of Section 4001 of ERISA or that, together with such Borrower
or any Subsidiary, is treated as a single employer under Section 414(b) or (c)
of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of
the Code, is treated as a single employer under Section 414 of the Code.
 
“Company” means Ameren Corporation, a Missouri corporation.
 
“Competitive Bid” means an offer by a Lender to make a Competitive Loan in
accordance with Section 2.4.
 
“Competitive Bid Rate” means, with respect to any Competitive Bid, the Margin or
the Fixed Rate, as applicable, offered by the Lender making such Competitive
Bid.
 
“Competitive Bid Request” means a request by a Borrower for Competitive Bids in
accordance with Section 2.4.
 
“Competitive Loan” means a Loan made pursuant to Section 2.4.
 
“Consolidated Indebtedness” of a Person means at any time the Indebtedness of
such Person and its Subsidiaries which would be consolidated in the consolidated
financial statements of such Person under Agreement Accounting Principles
calculated on a consolidated basis as of such time; provided, however, that
Consolidated Indebtedness shall exclude any Indebtedness incurred as part of any
Permitted Securitization.
 
“Consolidated Net Worth” of a Person means at any time the consolidated
stockholders’ equity and preferred stock of such Person and its subsidiaries
calculated on a consolidated basis in accordance with Agreement Accounting
Principles, as adjusted to remove any consolidated subsidiaries which are not
Subsidiaries of such Person.
 
“Consolidated Tangible Assets” means, as to any Borrower, the total amount of
all assets of such Borrower and its consolidated Subsidiaries determined in
accordance with Agreement
 
5

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Accounting Principles, minus, to the extent included in the total amount of such
Borrower’s and its consolidated Subsidiaries’ total assets, the net book value
of all (i) goodwill, including, without limitation, the excess cost over book
value of any asset, (ii) organization or experimental expenses, (iii)
unamortized debt discount and expense, (iv) patents, trademarks, tradenames and
copyrights, (v) treasury stock, (vi) franchises, licenses and permits, and (vii)
other assets which are deemed intangible assets under Agreement Accounting
Principles.
 
“Consolidated Total Capitalization” means, as to any Borrower at any time, the
sum of Consolidated Indebtedness of such Borrower and Consolidated Net Worth of
such Borrower, each calculated at such time.
 
“Contingent Obligation” of a Person means any agreement, undertaking or
arrangement by which such Person assumes, guarantees, endorses, contingently
agrees to purchase or provide funds for the payment of, or otherwise becomes or
is contingently liable upon, the obligation or liability of any other Person, or
agrees to maintain the net worth or working capital or other financial condition
of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating
agreement, take-or-pay contract or the obligations of any such Person as general
partner of a partnership with respect to the liabilities of the partnership.
 
“Contribution Percentage” means, from time to time with respect to each
Borrower, (a) if the sum of all Subsidiary Sublimits is less than or equal to
the Aggregate Commitment (i) in the case of the Company, the sum of (x) 50.0%
and (y) the product, expressed to one decimal place, of (1) 50% and (2) a
portion equal to a fraction, expressed to one decimal place, the numerator of
which is the Aggregate Commitment less the sum of all Subsidiary Sublimits, in
each case at such time, and the denominator of which is the Aggregate Commitment
at such time, and (ii) in the case of a Borrowing Subsidiary, the product,
expressed to one decimal place, of (x) 50.0% and (y) a portion equal to a
fraction, expressed to one decimal place, the numerator of which is such
Borrowing Subsidiary’s Subsidiary Sublimit at such time, and the denominator of
which is the Aggregate Commitment at such time, or (b) if the sum of all
Subsidiary Sublimits is greater than the Aggregate Commitment (i) in the case of
the Company, 50.0%, and (ii) in the case of a Borrowing Subsidiary, the product,
expressed to one decimal place of (x) 50.0% and (y) a portion equal to a
fraction, expressed to one decimal place, the numerator of which is such
Borrowing Subsidiary’s Subsidiary Sublimit at such time, and the denominator of
which is the sum of all Subsidiary Sublimits at such time; provided that, in the
case of each of (a) and (b) if the Aggregate Commitment has been terminated as
of the date of such determination, the Contribution Percentage shall be
determined as of the date immediately preceding the termination of the Aggregate
Commitment.
 
“Conversion/Continuation Notice” is defined in Section 2.12.
 
“Credit Extension” means the making of an Advance or the issuance of a Letter of
Credit hereunder.
 
“Credit Extension Date” means the Borrowing Date for an Advance or the date of
issuance of a Letter of Credit.
 
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“Default” means an event described in Article VII.
 
“Designated Lender” means, with respect to each Designating Lender, each
Eligible Designee designated by such Designating Lender pursuant to Section
12.1.2.
 
“Designating Lender” means, with respect to each Designated Lender, the Lender
that designated such Designated Lender pursuant to Section 12.1.2.
 
“Designation Agreement” is defined in Section 12.1.2.
 
“Disclosed Matters” means the events, actions, suits and proceedings and the
environmental matters disclosed in the Exchange Act Documents.
 
“Documentation Agents” means Citibank, N.A., The Bank of New York and BNP
Paribas.
 
“Dollar” and “$” means the lawful currency of the United States of America.
 
“Eligible Designee” means a special purpose corporation, partnership, trust,
limited partnership or limited liability company that is administered by the
respective Designating Lender or an Affiliate of such Designating Lender and (i)
is organized under the laws of the United States of America or any state
thereof, (ii) is engaged primarily in making, purchasing or otherwise investing
in commercial loans in the ordinary course of its business and (iii) issues (or
the parent of which issues) commercial paper rated at least A-1 or the
equivalent thereof by S&P or P-1 or the equivalent thereof by Moody’s.
 
“Environmental Laws” means any and all federal, state, local and foreign
statutes, laws, judicial decisions, regulations, ordinances, rules, judgments,
orders, decrees, plans, injunctions, permits, concessions, grants, franchises,
licenses, agreements and other governmental restrictions relating to (i) the
protection of the environment, (ii) the effect of the environment on human
health, (iii) emissions, discharges or releases of pollutants, contaminants,
hazardous substances or wastes into surface water, ground water or land, or (iv)
the manufacture, processing, distribution, use, treatment, storage, disposal,
transport or handling of pollutants, contaminants, hazardous substances or
wastes or the clean-up or other remediation thereof.
 
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time.
 
“ERISA Event” means (a) any Reportable Event with respect to the Company and its
subsidiaries; (b) the existence with respect to any Plan of an “accumulated
funding deficiency” (as defined in Section 412 of the Code or Section 302 of
ERISA) whether or not waived; (c) the filing pursuant to Section 412(d) of the
Code or Section 303(d) of ERISA of an application for a waiver of the minimum
funding standard with respect to any Plan; (d) the incurrence by such Borrower
or any Commonly Controlled Entity of any liability under Title IV of ERISA with
respect to the termination of any Plan; (e) the receipt by such Borrower or any
Commonly Controlled Entity from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Plan or to appoint a trustee to
administer any Plan; (f) the incurrence by such Borrower or any Commonly
Controlled Entity of any liability with respect to the withdrawal or
 
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partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by
such Borrower or any Commonly Controlled Entity of any notice, or the receipt by
any Multiemployer Plan from such Borrower or any Commonly Controlled Entity of
any notice, concerning the imposition of “withdrawal liability” (as defined in
Part I of Subtitle E of Title IV of ERISA) or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA.
 
“Eurodollar Advance” means an Advance which, except as otherwise provided in
Section 2.14, bears interest at the applicable Eurodollar Rate.
 
“Eurodollar Base Rate” means, with respect to a Eurodollar Advance for the
relevant Interest Period, the applicable British Bankers’ Association LIBOR rate
for deposits in Dollars as reported by any generally recognized financial
information service as of 11:00 a.m. (London time) two (2) Business Days prior
to the first day of such Interest Period, and having a maturity equal to such
Interest Period, provided that, if no such British Bankers’ Association LIBOR
rate is available to the Agent, the applicable Eurodollar Base Rate for the
relevant Interest Period shall instead be the rate determined by the Agent to be
the rate at which JPMCB or one of its affiliate banks offers to place deposits
in Dollars with first-class banks in the London interbank market at
approximately 11:00 a.m. (London time) two (2) Business Days prior to the first
day of such Interest Period, in the approximate amount of JPMCB’s relevant
Eurodollar Loan and having a maturity equal to such Interest Period.
 
“Eurodollar Loan” means a Loan which, except as otherwise provided in Section
2.14, bears interest at the applicable Eurodollar Rate.
 
“Eurodollar Rate” means, with respect to a Eurodollar Advance for the relevant
Interest Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate
applicable to such Interest Period, divided by (b) one minus the Reserve
Requirement (expressed as a decimal) applicable to such Interest Period, plus
(ii) (A) in the case of a Eurodollar Advance consisting of Revolving Loans, the
then Applicable Margin, changing as and when the Applicable Margin changes and
(B) in the case of a Eurodollar Advance consisting of a Competitive Loan or
Loans, the Margin applicable to such Loan or Loans.
 
“Eurodollar Rate Advance” means an Advance consisting of Competitive Loans
bearing interest at the Eurodollar Rate.
 
“Exchange Act Documents” means (a) the Annual Report of each of the Company and
the Borrowing Subsidiaries to the Securities and Exchange Commission on Form
10-K for the fiscal year ended December 31, 2005, (b) the Quarterly Reports of
each of the Company and the Borrowing Subsidiaries to the Securities and
Exchange Commission on Form 10-Q for the fiscal quarter ended March 31, 2006,
and (c) all Current Reports of each of the Company and the Borrowing
Subsidiaries to the Securities and Exchange Commission on Form 8-K from January
1, 2006, to July 13, 2006.
 
“Excluded Taxes” means, in the case of each Lender or applicable Lending
Installation and the Agent, taxes imposed on its overall net income, and
franchise taxes imposed on it, by (i) the jurisdiction under the laws of which
such Lender or the Agent is incorporated or organized or
 
 
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any political combination or subdivision or taxing authority thereof or (ii) the
jurisdiction in which the Agent’s or such Lender’s principal executive office or
such Lender’s applicable Lending Installation is located.
 
“Exhibit” refers to an exhibit to this Agreement, unless another document is
specifically referenced.
 
“Existing Amended Five-Year Credit Agreement” means the Amended and Restated
Five-Year Revolving Credit Agreement dated as of July 14, 2005, among the
Company, the lenders from time to time party thereto and JPMCB, as
administrative agent.
 
“Existing CILCO Indenture” means the Indenture of Mortgage and Deed of Trust
dated as of April 1, 1933, as heretofore or from time to time hereafter
supplemented and amended, between CILCO and Deutsche Bank Trust Company Americas
f/k/a Bankers Trust Company, as Trustee.
 
“Existing CIPS Indenture” means the Indenture dated October 1, 1941, as
heretofore or from time to time hereafter supplemented and amended, between CIPS
and U.S. Bank Trust National Association and Patrick J. Crowley, as Trustees.
 
“Existing Intercompany Note” means the Amended and Restated Promissory Note,
dated May 1, 2000 and as amended and restated on May 1, 2005, between Genco, as
maker and CIPS, as payee.
 
“Existing IP Indenture” means the General Mortgage Indenture and Deed of Trust
dated as of November 1, 1992, as heretofore or from time to time supplemented
and amended between IP and BNY Midwest Trust Company as successor to Harris
Trust and Savings Bank, as Trustee.
 
“Existing UE Indenture” means the Indenture of Mortgage and Deed of Trust dated
as of June 15, 1937, as heretofore or from time to time hereafter supplemented
and amended, between Union Electric and The Bank of New York, as Trustee.
 
“Facility Fee” is defined in Section 2.8.1.
 
“Facility Termination Date” means the first date on which the Availability
Termination Date shall have occurred as to each Borrower.
 
“Federal Funds Effective Rate” means, for any day, an interest rate per annum
equal to the weighted average of the rates on overnight Federal Funds
transactions with members of the Federal Reserve System arranged by Federal
Funds brokers on such day, as published for such day (or, if such day is not a
Business Day, for the immediately preceding Business Day) by the Federal Reserve
Bank of New York, or, if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 11:00 a.m. (New
York time) on such day on such transactions received by the Agent from three
Federal Funds brokers of recognized standing selected by the Agent in its sole
discretion.
 
“FERC” means the Federal Energy Regulatory Commission.
 
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“FERC Limit” means, as to each Borrowing Subsidiary, the amount set forth below
opposite the name of such Borrowing Subsidiary:
 
Borrowing Subsidiary
FERC Limit
Union Electric
$1,000,000,000
Genco
$ 300,000,000
CIPS
$ 250,000,000
CILCO
$ 250,000,000

“First Mortgage Bonds” means bonds or other indebtedness issued by Union
Electric, CIPS, CILCO or IP, as applicable, pursuant to the Existing UE
Indenture, the Existing CIPS Indenture, the Existing CILCO Indenture or the
Existing IP Indenture.
 
“Fixed Rate” means, with respect to any Competitive Loan (other than a
Eurodollar Loan), the fixed rate of interest per annum specified by the Lender
making such Competitive Loan in its related Competitive Bid.
 
“Fixed Rate Advance” means an Advance consisting of Competitive Loans bearing
interest at a Fixed Rate.
 
“Fixed Rate Loan” means a Competitive Loan bearing interest at a Fixed Rate.
 
“Floating Rate” means, for any day, a rate per annum equal to the sum of (i) the
Alternate Base Rate for such day, changing when and as the Alternate Base Rate
changes plus (ii) the then Applicable Margin, changing as and when the
Applicable Margin changes.
 
“Floating Rate Advance” means an Advance which, except as otherwise provided in
Section 2.14, bears interest at the Floating Rate.
 
“Fund” means any Person (other than a natural person) that is (or will be)
engaged in making, purchasing, holding or otherwise investing in commercial
loans and similar extensions of credit in the ordinary course of its business.
 
“Genco” means Ameren Energy Generating Company, an Illinois corporation and a
Subsidiary of the Company.
 
“Illinois Agreement” means the Credit Agreement, dated as of the date hereof
among CIPS, CILCO, IP, AmerenEnergy Resources Generating Company, CILCORP, the
lenders party thereto and JPMorgan Chase Bank, N.A., as agent thereunder.
 
“Illinois Borrower” means each of IP, CIPS and CILCO, so long as such entity is
a Borrower under this Agreement.
 
“Inactive Subsidiary” means any Subsidiary of a Borrower that (a) does not
conduct any business operations, (b) has assets with a total book value not in
excess of $1,000,000 and (c) does not have any Indebtedness outstanding.
-
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“Indebtedness” of a Person means, at any time, without duplication, such
Person’s (i) obligations for borrowed money, (ii) obligations representing the
deferred purchase price of Property or services (other than current accounts
payable arising in the ordinary course of such Person’s business payable on
terms customary in the trade), (iii) obligations, whether or not assumed,
secured by Liens or payable out of the proceeds or production from Property now
or hereafter owned or acquired by such Person, (iv) obligations which are
evidenced by notes, bonds, debentures, acceptances, or other instruments,
(v) obligations to purchase securities or other Property arising out of or in
connection with the sale of the same or substantially similar securities or
Property, (vi)  Capitalized Lease Obligations (except for Capitalized Lease
Obligations entered into by Union Electric in connection with the Peno Creek
Project or the Audrain Project), (vii) Contingent Obligations of such Person,
(viii) reimbursement obligations under letters of credit, bankers acceptances,
surety bonds and similar instruments issued upon the application of such Person
or upon which such Person is an account party or for which such Person is in any
way liable, (ix) Off-Balance Sheet Liabilities, (x) obligations under Sale and
Leaseback Transactions, (xi)  Net Mark-to-Market Exposure under Rate Management
Transactions and (xii) any other obligation for borrowed money which in
accordance with Agreement Accounting Principles would be shown as a liability on
the consolidated balance sheet of such Person.
 
“Interest Period” means (a) with respect to a Eurodollar Advance, a period of
one, two, three or six months, commencing on the date of such Advance and ending
on but excluding the day which corresponds numerically to such date one, two,
three or six months thereafter and (b) with respect to any Fixed Rate Advance,
the period (which shall not be less than 7 days or more than 360 days)
commencing on the date of such Advance and ending on the date specified in the
applicable Competitive Bid Request; provided, however, that (i) in the case of
Eurodollar Advances, if there is no such numerically corresponding day in such
next, second, third or sixth succeeding month, such Interest Period shall end on
the last Business Day of such next, second, third or sixth succeeding month,
(ii) if an Interest Period would otherwise end on a day which is not a Business
Day, such Interest Period shall end on the next succeeding Business Day,
provided, however, that if said next succeeding Business Day falls in a new
calendar month, such Interest Period shall end on the immediately preceding
Business Day and (iii) no Interest Period in respect of an Advance to any
Borrower may end after the Availability Termination Date for such Borrower. For
purposes hereof, the date of an Advance initially shall be the date on which
such Advance is made and, in the case of an Advance comprising Revolving Loans,
thereafter shall be the effective date of the most recent conversion or
continuation of such Loans.
 
“Investment” of a Person means any loan, advance (other than commission, travel
and similar advances to officers and employees made in the ordinary course of
business), extension of credit (other than accounts receivable arising in the
ordinary course of business on terms customary in the trade) or contribution of
capital by such Person; stocks, bonds, mutual funds, partnership interests,
notes, debentures or other securities owned by such Person; any deposit accounts
and certificates of deposit owned by such Person; and structured notes,
derivative financial instruments and other similar instruments or contracts
owned by such Person.
 
“IP” means Illinois Power Company d/b/a AmerenIP, an Illinois corporation and,
as of the Amendment Effective Date, a Subsidiary of the Company.
 
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“Issuing Bank” means, at any time, JPMCB, Barclays Bank and each other person
that shall have become an Issuing Bank hereunder as provided in Section 2.6(j),
each in its capacity as an issuer of Letters of Credit hereunder. Each Issuing
Bank may, in its discretion, arrange for one or more Letters of Credit to be
issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank”
shall include any such Affiliate with respect to Letters of Credit issued by
such Affiliate.
 
“Issuing Bank Agreement” shall have the meaning assigned to such term in
Section 2.6(j).
 
“JPMCB” means JPMorgan Chase Bank, N.A.
 
“LC Commitment” means, as to each Issuing Bank, the commitment of such Issuing
Bank to issue Letters of Credit pursuant to Section 2.6. The initial amount of
each Issuing Bank’s LC Commitment is set forth on the LC Commitment Schedule, or
in the case of any additional Issuing Bank, as provided in Section 2.6(j).
 
“LC Commitment Schedule” means the Schedule identifying each Issuing Bank’s LC
Commitment as of the Closing Date attached hereto and identified as such.
 
“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter
of Credit.
 
“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of
all outstanding Letters of Credit at such time plus (b) the aggregate amount of
all LC Disbursements that have not yet been reimbursed by or on behalf of the
applicable Borrowers at such time. The LC Exposure of any Lender at any time
shall be its Pro Rata Share of the total LC Exposure at such time.
 
“LC Participation Fee” is defined in Section 2.8.2.
 
“Lenders” means the lending institutions listed on the signature pages of this
Agreement and their respective successors and assigns. Unless the context
requires otherwise, the term “Lenders” includes the Swingline Lender.
 
“Lending Installation” means, with respect to a Lender or the Agent, the office,
branch, subsidiary or affiliate of such Lender or the Agent listed on the
signature pages hereof or on the administrative information sheets provided to
the Agent in connection herewith or on a Schedule or otherwise selected by such
Lender or the Agent pursuant to Section 2.20.
 
“Letter of Credit” means any letter of credit issued pursuant to this Agreement.
 
“Leveraged Lease Sales” means sales by the Company or any Subsidiary of
investments, in existence on the date hereof, in assets leased to an
unaffiliated lessee under leveraged lease arrangements in existence on the date
hereof, including any transactions between and among the Company and/or
subsidiaries that are necessary to effect the sale of such investments to a
Person other than the Company or any of its Subsidiaries.
 
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“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance or preference, priority or other
security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, the interest of a vendor or lessor under any
conditional sale, Capitalized Lease or other title retention agreement, and, in
the case of stock, stockholders agreements, voting trust agreements and all
similar arrangements).
 
“Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement.
 
“Loan Documents” means this Agreement and all other documents, instruments,
notes (including any Notes issued pursuant to Section 2.16 (if requested)) and
agreements executed in connection herewith or therewith or contemplated hereby
or thereby, as the same may be amended, restated or otherwise modified and in
effect from time to time.
 
“Margin” means, with respect to any Competitive Loan bearing interest at a rate
based on the Eurodollar Base Rate, the marginal rate of interest, if any, to be
added to or subtracted from the Eurodollar Base Rate to determine the rate of
interest applicable to such Loan, as specified by the Lender making such Loan in
its related Competitive Bid.
 
“Material Adverse Effect” means, with respect to any Borrower, a material
adverse effect on (i) the business, Property, condition (financial or
otherwise), operations or results of operations or prospects of such Borrower,
or such Borrower and its Subsidiaries taken as a whole, (ii) the ability of such
Borrower to perform its obligations under the Loan Documents, or (iii) the
validity or enforceability of any of the Loan Documents against such Borrower or
the rights or remedies of the Agent or the Lenders thereunder; provided that any
such adverse effect resulting solely from the diminution in the value of any
investment by any Person in, or any reduction in dividends, distributions or
other payments received by any Person from, any subsidiary that is not a
Subsidiary of such Person shall not in and of itself constitute a Material
Adverse Effect with respect to such Person.
 
“Material Indebtedness” means any Indebtedness (other than any Indebtedness
incurred as part of any Permitted Securitization) in an outstanding principal
amount of $50,000,000 or more in the aggregate (or the equivalent thereof in any
currency other than Dollars).
 
“Material Indebtedness Agreement” means any agreement under which any Material
Indebtedness was created or is governed or which provides for the incurrence of
Indebtedness in an amount which would constitute Material Indebtedness (whether
or not an amount of Indebtedness constituting Material Indebtedness is
outstanding thereunder).
 
“Maturity Date” means (a) in the case of the Company, the Commitment Termination
Date, and (b) in the case of any Borrowing Subsidiary, July 13, 2006, or, in the
case of any Borrower, any date to which such Borrower’s Maturity Date shall have
been extended as provided in Section 2.23.
 
“Money Pool Agreements” means, collectively, (i) that certain Ameren Corporation
System Utility Money Pool Agreement, dated as of March 25, 1999, by and among
the Company, Ameren Services Company, Union Electric, CIPS, CILCO, IP and
AmerenEnergy
 
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Resources Generating Company, as amended from time to time (including, without
limitation, the addition of any of their Affiliates as parties thereto), and
(ii) that certain Ameren Corporation System Non-Regulated Subsidiary Money Pool
Agreement, dated as of February 27, 2003, by and among the Company, Ameren
Services Company, Genco and certain Subsidiaries of the Company excluding Union
Electric, CIPS, CILCO and IP, as amended from time to time (including, without
limitation, the addition of any of their Affiliates, other than Union Electric,
CIPS, CILCO and IP, as parties thereto).
 
“Moody’s” means Moody’s Investors Service, Inc.
 
“Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA.
 
“Net Mark-to-Market Exposure” of a Person means, as of any date of
determination, the excess (if any) of all unrealized losses over all unrealized
profits of such Person arising from Rate Management Transactions. “Unrealized
losses” means the fair market value of the cost to such Person of replacing such
Rate Management Transaction as of the date of determination (assuming the Rate
Management Transaction were to be terminated as of that date), and “unrealized
profits” means the fair market value of the gain to such Person of replacing
such Rate Management Transaction as of the date of determination (assuming such
Rate Management Transaction were to be terminated as of that date).
 
“1935 Act” means the Public Utility Holding Company Act of 1935, as amended
(together with all rules, regulations and orders promulgated or otherwise issued
in connection therewith).
 
“Non-U.S. Lender” is defined in Section 3.5(iv).
 
“Note” is defined in Section 2.16.
 
“Obligations” means all Loans, reimbursement obligations in respect of LC
Disbursements, advances, debts, liabilities, obligations, covenants and duties
owing by a Borrower to the Agent, any Issuing Bank, any Lender, the Arrangers,
any affiliate of the Agent, any Issuing Bank, any Lender or the Arrangers, or
any indemnitee under the provisions of Section 9.6 or any other provisions of
the Loan Documents, in each case of any kind or nature, present or future,
arising under this Agreement or any other Loan Document, whether or not
evidenced by any note, guaranty or other instrument, whether or not for the
payment of money, whether arising by reason of an extension of credit, loan,
foreign exchange risk, guaranty, indemnification, or in any other manner,
whether direct or indirect (including those acquired by assignment), absolute or
contingent, due or to become due, now existing or hereafter arising and however
acquired. The term includes, without limitation, all interest, charges,
expenses, fees, attorneys’ fees and disbursements, paralegals’ fees (in each
case whether or not allowed), and any other sum chargeable to such Borrower or
any of its Subsidiaries under this Agreement or any other Loan Document.
 
“Off-Balance Sheet Liability” of a Person means the principal component of
(i) any repurchase obligation or liability of such Person with respect to
accounts or notes receivable sold by such Person, (ii) any liability under any
Sale and Leaseback Transaction which is not a
 
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Capitalized Lease, (iii) any liability under any so-called “synthetic lease” or
“tax ownership operating lease” transaction entered into by such Person, or (iv)
any obligation arising with respect to any other transaction which is the
functional equivalent of or takes the place of borrowing but which does not
constitute a liability on the consolidated balance sheets of such Person, but
excluding from this clause (iv) Operating Leases.
 
“Operating Lease” of a Person means any lease of Property (other than a
Capitalized Lease) by such Person as lessee which has an original term
(including any required renewals and any renewals effective at the option of the
lessor) of one year or more.
 
“Original Credit Agreement” has the meaning assigned to such term in the
preamble hereto.
 
“Other Taxes” is defined in Section 3.5(ii).
 
“Outstanding Credit Exposure” means, as to any Lender at any time, the aggregate
principal amount of its (i) Revolving Loans, (ii) Competitive Loans, (iii) LC
Exposure and (iv) Swingline Exposure outstanding at such time.
 
“Participants” is defined in Section 12.2.1.
 
“Payment Date” means the last day of each March, June, September and December
and the Facility Termination Date.
 
“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in
ERISA and any successor entity performing similar functions.
 
“Peno Creek Project” means the Chapter 100 financing transaction and agreements
related thereto entered into between Union Electric and the City of Bowling
Green, Missouri (the “City”) pursuant to which (i) Union Electric conveyed to
and leased from the City certain land and improvements including four combustion
turbine generating units, and (ii) the City issued indebtedness (which was
purchased by Union Electric) to finance the acquisition of such Property.
 
“Permitted Securitization” means any sale, grant and/or contribution, or series
of related sales, grants and/or contributions, by an Illinois Borrower or any
subsidiary of such Illinois Borrower of Receivables to a trust, corporation or
other entity, where the purchase of such Receivables is funded or exchanged in
whole or in part by the incurrence or issuance by the purchaser, grantee or any
successor entity of Indebtedness or securities that are to receive payments
from, or that represent interests in, the cash flow derived primarily from such
Receivables (provided, however, that “Indebtedness” as used in this definition
shall not include Indebtedness incurred by an SPC owed to the Illinois Borrower
or to a subsidiary of such Illinois Borrower which Indebtedness represents all
or a portion of the purchase price or other consideration paid by the SPC for
such receivables or interest therein), where (a) any recourse, repurchase, hold
harmless, indemnity or similar obligations of such Illinois Borrower or any
subsidiary (other than any SPC that is a party to such transaction) of such
Illinois Borrower in respect of Receivables sold, granted or contributed, or
payments made in respect thereof, are customary for transactions of this type,
and do not prevent the characterization of the transaction
 
 
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as a true sale under applicable laws (including debtor relief laws), (b) any
recourse, repurchase, hold harmless, indemnity or similar obligations of any SPC
in respect of Receivables sold, granted or contributed or payments made in
respect thereof, are customary for transactions of this type and (c) such
securitization transaction is authorized by an order of the Illinois Commerce
Commission pursuant to state legislation specifically authorizing such
securitizations.
 
“Person” means any natural person, corporation, firm, joint venture,
partnership, limited liability company, association, enterprise, trust or other
entity or organization, or any government or political subdivision or any
agency, department or instrumentality thereof.
 
“Plan” means at a particular time, any employee benefit plan (other than a
Multiemployer Plan) which is covered by ERISA or Section 412 of the Code and in
respect of which a Borrower or a Commonly Controlled Entity is (or, if such plan
were terminated at such time, would under Section 4069 of ERISA be deemed to be)
an “employer” as defined in Section 3(5) of ERISA.
 
“Pricing Schedule” means the Schedule identifying the Applicable Margin and
Applicable Fee Rate attached hereto and identified as such.
 
“Prime Rate” means a rate per annum equal to the prime rate of interest
announced from time to time by JPMCB (which is not necessarily the lowest rate
charged to any customer), changing when and as said prime rate changes.
 
“Pro Rata Share” means, with respect to a Lender, a portion equal to a fraction
the numerator of which is such Lender’s Commitment at such time (in each case,
as adjusted from time to time in accordance with the provisions of this
Agreement) and the denominator of which is the Aggregate Commitment at such
time, or, if the Aggregate Commitment has been terminated, a fraction the
numerator of which is such Lender’s Outstanding Credit Exposure at such time and
the denominator of which is the Aggregate Outstanding Credit Exposure at such
time (and if there shall be no Outstanding Credit Exposures at such time, the
Lenders’ Pro Rata Shares shall be determined on the basis of the Outstanding
Credit Exposures then most recently in effect).
 
“Project Finance Subsidiary” means any Subsidiary created for the purpose of
obtaining non-recourse financing for any operating asset that is the sole and
direct obligor of Indebtedness incurred in connection with such financing. A
Subsidiary shall be deemed to be a Project Finance Subsidiary only from and
after the date on which such Subsidiary is expressly designated as a Project
Finance Subsidiary to the Agent by written notice executed by an Authorized
Officer; provided that in no event shall any Borrowing Subsidiary be designated
or deemed a Project Finance Subsidiary.
 
“Property” of a Person means any and all property, whether real, personal,
tangible, intangible, or mixed, of such Person, or other assets owned, leased or
operated by such Person.
 
“Purchasers” is defined in Section 12.3.1.
 
“Rate Management Transaction” means any transaction linked to one or more
interest rates, foreign currencies, or equity prices (including an agreement
with respect thereto) now existing or hereafter entered by a Borrower or a
Subsidiary (other than a Project Finance
 
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Subsidiary) which is a rate swap, basis swap, forward rate transaction, equity
or equity index swap, equity or equity index option, bond option, interest rate
option, foreign exchange transaction, cap transaction, floor transaction, collar
transaction, forward transaction, currency swap transaction, cross-currency rate
swap transaction, currency option or any other similar transaction (including
any option with respect to any of these transactions) or any combination
thereof.
 
"Receivables" shall mean any accounts receivable, payment intangibles, notes
receivable, right to receive future payments and related rights of an Illinois
Borrower or any subsidiary of such Illinois Borrower in respect of the recovery
of deferred power supply costs and/or other costs through charges applied and
invoiced to customers of such Illinois Borrower or such subsidiary, as
authorized by an order of a public utilities commission pursuant to state
legislation specifically authorizing the securitization thereof, or any
interests therein.
 
“Regulation D” means Regulation D of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor thereto or other
regulation or official interpretation of said Board of Governors relating to
reserve requirements applicable to member banks of the Federal Reserve System.
 
“Regulation U” means Regulation U of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor or other
regulation or official interpretation of said Board of Governors relating to the
extension of credit by banks, non-banks and non-broker lenders for the purpose
of purchasing or carrying margin stocks applicable to member banks of the
Federal Reserve System.
 
“Regulation X” means Regulation X of the Board of Governors of the Federal
Reserve System as from time to time in effect and any successor or other
regulation or official interpretation of said Board of Governors relating to the
extension of credit by foreign lenders for the purpose of purchasing or carrying
margin stock (as defined therein).
 
“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA
or the regulations issued under Section 4043 of ERISA, other than those events
as to which the thirty day notice period is waived under Sections .21, .22, .23,
.26, .27 or .28 of PBGC Reg. § 4043.
 
“Required Lenders” means Lenders in the aggregate having greater than fifty
percent (50%) of the Aggregate Commitment; provided that for purposes of
declaring the Loans to be due and payable pursuant to Article VIII and for all
purposes after the Loans have become due and payable pursuant to Article VIII
and the Aggregate Commitment has been terminated, “Required Lenders” shall mean
Lenders in the aggregate holding greater than fifty percent (50%) of the
Aggregate Outstanding Credit Exposure.
 
“Reserve Requirement” means, with respect to an Interest Period, the maximum
aggregate reserve requirement (including all basic, supplemental, marginal and
other reserves) which is imposed under Regulation D on “Eurocurrency
liabilities” (as defined in Regulation D).
 
“Revolving Advance” means an Advance comprised of Revolving Loans.
 
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“Revolving Credit Exposure” means, with respect to any Lender at any time, the
sum of the outstanding principal amount of such Lender’s Revolving Loans, such
Lender’s LC Exposure and such Lender’s Swingline Exposure at such time.
 
“Revolving Eurodollar Advance” means a Revolving Advance comprising a Loan or
Loans that bear interest at the Eurodollar Rate.
 
“Revolving Floating Rate Advance” means a Revolving Advance comprising a Loan or
Loans that bear interest at a Floating Rate.
 
“Revolving Loan” means, with respect to a Lender, such Lender’s loan made
pursuant to its commitment to lend set forth in Section 2.1 (and any conversion
or continuation thereof).
 
“S&P” means Standard and Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.
 
“Sale and Leaseback Transaction” means any sale or other transfer of Property by
any Person with the intent to lease such Property as lessee.
 
“Schedule” refers to a specific schedule to this Agreement, unless another
document is specifically referenced.
 
“SEC” means the Securities and Exchange Commission.
 
“Section” means a numbered section of this Agreement, unless another document is
specifically referenced.
 
“SPC” means a special purpose, bankruptcy-remote Person formed for the sole and
exclusive purpose of engaging in activities in connection with the purchase,
sale and financing of Receivables in connection with and pursuant to a Permitted
Securitization.
 
“Subsidiary” of a Person means (i) any corporation more than 50% of the
outstanding securities having ordinary voting power of which shall at the time
be owned or controlled, directly or indirectly, by such Person or by one or more
of its Subsidiaries or by such Person and one or more of its Subsidiaries, or
(ii) any partnership, limited liability company, association, joint venture or
similar business organization more than 50% of the ownership interests having
ordinary voting power of which shall at the time be so owned or controlled;
provided, however, that (i) neither AmerenEnergy Resources Generating Company
nor CILCORP shall constitute a “Subsidiary” for any purpose of this Agreement,
(ii) from and after such time as any Borrowing Subsidiary ceases to be a
“Borrower”, a “Borrowing Subsidiary” and a “Subsidiary” in accordance with
Section 2.24, neither such Borrowing Subsidiary nor any of its subsidiaries
shall constitute a “Subsidiary” for any purpose of this Agreement and (iii) from
and after such time as CILCO ceases to be a “Borrower”, a “Borrowing Subsidiary”
and a “Subsidiary” in accordance with Section 2.24, none of the other
subsidiaries of CILCORP shall constitute a “Subsidiary” for any purpose of this
Agreement. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Company.
 
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“Subsidiary Credit Exposure” means, with respect to any Borrowing Subsidiary at
any time, the aggregate amount of (i) all Revolving Loans made to such Borrowing
Subsidiary and outstanding at such time, (ii) all Competitive Loans made to such
Borrowing Subsidiary and outstanding at such time, (iii) that portion of the LC
Exposure at such time attributable to Letters of Credit issued for the account
of such Borrowing Subsidiary and (iv) that portion of the Swingline Exposure at
such time attributable to Swingline Loans made to such Borrowing Subsidiary.
 
“Subsidiary Maturity Date Extension Request” is defined in Section 2.23.
 
“Subsidiary Sublimit” means (a) as to each Borrowing Subsidiary other than Union
Electric $150,000,000 and (b) as to Union Electric, $500,000,000 or, in the case
of any Borrowing Subsidiary, any lesser amount to which the Subsidiary Sublimit
of such Borrowing Subsidiary shall have been reduced pursuant to Section 2.8.
 
“Substantial Portion” means, with respect to the Property of a Borrower and its
Subsidiaries, Property which represents more than 10% of the consolidated assets
of such Borrower and its Subsidiaries or property which is responsible for more
than 10% of the consolidated net sales or of the consolidated net income of such
Borrower and its Subsidiaries, in each case, as would be shown in the
consolidated financial statements of such Borrower and its Subsidiaries as at
the end of the four fiscal quarter period ending with the fiscal quarter
immediately prior to the fiscal quarter in which such determination is made (or
if financial statements have not been delivered hereunder for that fiscal
quarter which ends the four fiscal quarter period, then the financial statements
delivered hereunder for the quarter ending immediately prior to that quarter).
 
“Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender
at any time shall be its Pro Rata Share of the total Swingline Exposure at such
time; provided that if the Aggregate Commitment has been terminated such Pro
Rata Share shall be determined based on the Commitments most recently in effect,
but giving effect to any subsequent assignments.
 
“Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of
Swingline Loans hereunder.
 
“Swingline Loan” means a Loan made pursuant to Section 2.5.
 
“Syndication Agent” means Barclays Bank.
 
“Taxes” means any and all present or future taxes, duties, levies, imposts,
deductions, charges or withholdings, and any and all liabilities with respect to
the foregoing, but excluding Excluded Taxes.
 
“Transferee” is defined in Section 12.4.
 
“2005 Act” means the Public Utility Holding Company Act of 2005, as it may be
amended (together with all rules, regulations and orders promulgated or
otherwise issued in connection therewith).
 
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“Type” means, with respect to any Advance, its nature as a Fixed Rate Advance,
Floating Rate Advance or Eurodollar Advance.
 
“Union Electric” means Union Electric Company d/b/a AmerenUE, a Missouri
corporation and a Subsidiary of the Company.
 
“Unmatured Default” means an event which but for the lapse of time or the giving
of notice, or both, would constitute a Default.
 
“USA Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001.
 
1.2.  Plural Forms. The foregoing definitions shall be equally applicable to
both the singular and plural forms of the defined terms.
 
ARTICLE II 
 
THE CREDITS
 
2.1.  Commitment. Subject to the satisfaction of the conditions precedent set
forth in Section 4.1 and 4.2, as applicable, each Lender severally and not
jointly agrees, on the terms and conditions set forth in this Agreement, to make
Revolving Loans to each Borrower from time to time from and including the
Closing Date and prior to the Availability Termination Date for such Borrower in
an amount not to exceed its Pro Rata Share of the Available Aggregate
Commitment; provided that (i) at no time shall the Aggregate Outstanding Credit
Exposure exceed the Aggregate Commitment, (ii) at no time shall the Committed
Credit Exposure of any Lender exceed its Commitment and (iii) at no time shall
the Subsidiary Credit Exposure of any Borrowing Subsidiary exceed the Subsidiary
Sublimit of such Borrowing Subsidiary. Subject to the terms of this Agreement,
each Borrower may, severally and not jointly with the other Borrowers, borrow,
repay and reborrow Revolving Loans at any time prior to the Availability
Termination Date for such Borrower. The commitment of each Lender to lend to
each Borrower hereunder shall automatically expire on the Availability
Termination Date for such Borrower.
 
2.2.  Required Payments; Termination. Each Borrower, severally and not jointly
with the other Borrowers, hereby unconditionally promises to pay (i) to the
Agent for the account of each Lender the then unpaid principal amount of each
Revolving Loan made by such Lender to such Borrower on the Availability
Termination Date for such Borrower, (ii) to the Agent for the account of each
Lender the then unpaid principal amount of each Competitive Loan made by such
Lender to such Borrower on the last day of the Interest Period applicable to
such Loan, which shall not be later than the Availability Termination Date for
such Borrower and (iii) to the Swingline Lender the then unpaid principal amount
of each Swingline Loan made to such Borrower on the earlier of the Availability
Termination Date for such Borrower and the fifth Business Day after such
Swingline Loan is made; provided that on each date that a Revolving Loan or
Competitive Loan is made to a Borrower, such Borrower shall repay all Swingline
Loans made to such Borrower and then outstanding. Notwithstanding the
termination of the Commitments under this Agreement, until all of the
Obligations of each Borrower (other than contingent indemnity obligations) shall
have been fully paid and satisfied and all financing
 
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arrangements between each Borrower and the Lenders hereunder and under the other
Loan Documents shall have been terminated, all of the rights and remedies with
respect to such Borrower and its Obligations under this Agreement and the other
Loan Documents shall survive.
 
2.3.  Loans. Each Advance hereunder shall consist of (a) Revolving Loans made by
the Lenders ratably in accordance with their Pro Rata Shares of the Aggregate
Commitment, (b) Competitive Loans or (c) Swingline Loans.
 
2.4.  Competitive Bid Procedure. 
 
(a)   Subject to the terms and conditions set forth herein, each Borrower may
request Competitive Bids and may (but shall not have any obligation to) accept
Competitive Bids and borrow Competitive Loans from time to time prior to the
Availability Termination Date for such Borrower; provided that (i) the Aggregate
Outstanding Credit Exposure at any time shall not exceed the Aggregate
Commitment and (ii) at no time shall the Subsidiary Credit Exposure of any
Borrowing Subsidiary exceed the Subsidiary Sublimit of such Borrowing
Subsidiary. Within the foregoing limits and subject to the terms and conditions
set forth herein, each Borrower may, severally and not jointly with the other
Borrowers, borrow, repay and reborrow Competitive Loans.
 
To request Competitive Bids, the applicable Borrower shall notify the Agent of
such request by telephone, in the case of a Eurodollar Advance, not later than
11:00 a.m., New York time, four Business Days before the date of the proposed
Advance and, in the case of a Fixed Rate Advance, not later than 10:00 a.m., New
York time, one Business Day before the date of the proposed Advance; provided
that each Borrower may submit up to (but not more than) two Competitive Bid
Requests on the same day, but a Competitive Bid Request shall not be made within
five Business Days after the date of any previous Competitive Bid Request,
unless any and all such previous Competitive Bid Requests shall have been
withdrawn or all Competitive Bids received in response thereto rejected. Each
such telephonic Competitive Bid Request shall be confirmed promptly by hand
delivery or telecopy to the Agent of a written Competitive Bid Request in a form
approved by the Agent and signed by the applicable Borrower. Each such
telephonic and written Competitive Bid Request shall specify the following
information:
 

(ii)  
 the Borrower requesting an Advance;

 

  (iii) 
 the aggregate amount of the requested Advance;

 

 (iv) 
 the date of such Advance, which shall be a Business Day;

 

(v)  
 whether such Advance is to be a Eurodollar Rate Advance or a Fixed Rate
Advance; and

 

(vi) 
 the Interest Period to be applicable to such Advance, which shall be a period
contemplated by the definition of the term “Interest Period”.

 
Promptly following receipt of a Competitive Bid Request in accordance with this
Section, the Agent shall notify the Lenders of the details thereof by telecopy,
inviting the Lenders to submit Competitive Bids.
 
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(a)   Each Lender may (but shall not have any obligation to) make one or more
Competitive Bids to the applicable Borrower in response to a Competitive Bid
Request. Each Competitive Bid by a Lender must be in a form approved by the
Agent and must be received by the Agent by telecopy, in the case of a Eurodollar
Rate Advance, not later than 10:30 a.m., New York time, three Business Days
before the proposed date of such Advance, and in the case of a Fixed Rate
Advance, not later than 10:30 a.m., New York time, on the proposed date of such
Advance. Competitive Bids that do not conform substantially to the form approved
by the Agent may be rejected by the Agent, and the Agent shall notify the
applicable Lender as promptly as practicable. Each Competitive Bid shall specify
(i) the principal amount (which shall be a minimum of $5,000,000 and an integral
multiple of $1,000,000 and which may equal the entire principal amount of the
Advance requested by such Borrower) of the Competitive Loan or Loans that the
Lender is willing to make, (ii) the Competitive Bid Rate or Rates at which the
Lender is prepared to make such Loan or Loans (expressed as a percentage rate
per annum in the form of a decimal to no more than four decimal places) and
(iii) the Interest Period applicable to each such Loan and the last day thereof.
 
(b)   The Agent shall promptly notify the applicable Borrower by telecopy of the
Competitive Bid Rate and the principal amount specified in each Competitive Bid
and the identity of the Lender that shall have made such Competitive Bid.
 
(c)   Subject only to the provisions of this paragraph, the applicable Borrower
may accept or reject any Competitive Bid. Such Borrower shall notify the Agent
by telephone, confirmed by telecopy in a form approved by the Agent, whether and
to what extent it has decided to accept or reject each Competitive Bid, in the
case of a Eurodollar Rate Advance, not later than 10:30 a.m., New York time,
three Business Days before the date of the proposed Advance, and in the case of
a Fixed Rate Advance, not later than 10:30 a.m., New York time, on the proposed
date of the Advance; provided that (i) the failure of a Borrower to give such
notice shall be deemed to be a rejection of each Competitive Bid, (ii) a
Borrower shall not accept a Competitive Bid made at a particular Competitive Bid
Rate if such Borrower rejects a Competitive Bid made at a lower Competitive Bid
Rate, (iii) the aggregate amount of the Competitive Bids accepted by a Borrower
shall not exceed the aggregate amount of the requested Advance specified in the
related Competitive Bid Request, (iv) to the extent necessary to comply with
clause (iii) above, a Borrower may accept Competitive Bids at the same
Competitive Bid Rate in part, which acceptance, in the case of multiple
Competitive Bids at such Competitive Bid Rate, shall be made pro rata in
accordance with the amount of each such Competitive Bid, and (v) except pursuant
to clause (iv) above, no Competitive Bid shall be accepted for a Competitive
Loan unless such Competitive Loan is in a minimum principal amount of $5,000,000
and an integral multiple of $1,000,000; provided further that if a Competitive
Loan must be in an amount less than $5,000,000 because of the provisions of
clause (iv) above, such Competitive Loan may be for a minimum of $1,000,000 or
any integral multiple thereof, and in calculating the pro rata allocation of
acceptances of portions of multiple Competitive Bids at a particular Competitive
Bid Rate pursuant to clause (iv) the amounts shall be rounded to integral
multiples of $1,000,000 in a manner determined by the applicable Borrower. A
notice given by a Borrower pursuant to this paragraph shall be irrevocable.
 
(d)   The Agent shall promptly notify each bidding Lender by telecopy whether or
not its Competitive Bid has been accepted (and, if so, the amount and
Competitive Bid Rate so
 
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accepted), and each successful bidder will thereupon become bound, subject to
the terms and conditions hereof, to make the Competitive Loan in respect of
which its Competitive
Bid has been accepted.
 
(e)   If the Agent shall elect to submit a Competitive Bid in its capacity as a
Lender, it shall submit such Competitive Bid directly to the applicable Borrower
at least
one quarter of an hour earlier than the time by which the other Lenders are
required to submit their Competitive Bids to the Agent pursuant to paragraph (b)
of this Section.
 
2.5.  Swingline Loans. 
 
(a)   Subject to the terms and conditions set forth herein, the Swingline Lender
agrees to make Swingline Loans to each Borrower from time to time from and
including
the Closing Date and prior to the Availability Termination Date for such
Borrower, in an amount that will not result in the Swingline Exposure exceeding
$100,000,000; provided that
(i) at no time shall the Aggregate Outstanding Credit Exposure exceed the
Aggregate Commitment, (ii) at no time shall the Committed Credit Exposure of any
Lender exceed its
Commitment and (iii) at no time shall the Subsidiary Credit Exposure of any
Borrowing Subsidiary exceed the Subsidiary Sublimit of such Borrowing
Subsidiary; and provided further
that the Swingline Lender shall not be required to make a Swingline Loan to
refinance an outstanding Swingline Loan. Within the foregoing limits and subject
to the terms and
conditions set forth herein, each Borrower may, severally and not jointly with
the other Borrowers, borrow, prepay and reborrow Swingline Loans.
 
(b)   Each Swingline Loan shall bear interest at (i) the rate per annum
applicable to Floating Rate Advances or (ii) any other rate per annum (computed
on the basis
of the actual number of days elapsed over a year of 360 days) which shall be
quoted by the Swingline Lender on the date such Loan is made and accepted by the
applicable Borrower
as provided in this Section 2.5; provided, that commencing on any date on which
the Swingline Lender requires the Lenders to acquire participations in a
Swingline Loan pursuant to
Section 2.5(d), such Loan shall bear interest at the rate per annum applicable
to Floating Rate Advances.
 
(c)   To request a Swingline Loan, the applicable Borrower shall notify the
Swingline Lender of such request by telephone (confirmed by telecopy), not later
than 12:00
noon, New York time, on the day of a proposed Swingline Loan. Each such notice
shall be irrevocable and shall specify the requested date (which shall be a
Business Day) and
amount of the requested Swingline Loan. If so requested by the applicable
Borrower, the Swingline Lender will quote an interest rate that, if accepted by
such Borrower, will be
applicable to the requested Swingline Loan, and such Borrower will promptly
notify the Swingline Lender in the event it accepts such rate. The Swingline
Lender will promptly advise
the Agent of any such notice received from such Borrower. The Swingline Lender
shall make each Swingline Loan available to such Borrower by means of a credit
to an account with
the Swingline Lender specified by such Borrower by 3:00 p.m., New York time, on
the requested date of such Swingline Loan.
 
(d)   The Swingline Lender may by written notice given to the Agent not later
than 10:00 a.m., New York time, on any Business Day require the Lenders to
acquire
participations on such Business Day in all or a portion of the Swingline Loans
outstanding. Such notice shall
 
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specify the aggregate amount of Swingline Loans in which Lenders will
participate. Promptly upon receipt of such notice, the Agent will give notice
thereof to each
Lender, specifying in such notice such Lender’s Pro Rata Share of such Swingline
Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon
receipt of notice
as provided above, to pay to the Agent, for the account of the Swingline Lender,
such Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender
acknowledges and
agrees that its obligation to acquire participations in Swingline Loans pursuant
to this paragraph is absolute and unconditional and shall not be affected by any
circumstance
whatsoever, including the occurrence and continuance of a Default or reduction
or termination of the Commitments, and that each such payment shall be made
without any offset,
abatement, withholding or reduction whatsoever. Each Lender shall comply with
its obligation under this paragraph by wire transfer of immediately available
funds, in the same
manner as provided in Section 2.11 with respect to Loans made by such Lender
(and Section 2.11 shall apply, mutatis mutandis, to the payment obligations of
the Lenders), and the
Agent shall promptly pay to the Swingline Lender the amounts so received by it
from the Lenders. The Agent shall notify the Company and the applicable Borrower
of any
participation in any Swingline Loan acquired pursuant to this paragraph. Any
amounts received by the Swingline Lender from such Borrower (or other party on
behalf of such
Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender
of the proceeds of a sale of participation therein shall be promptly remitted to
the Agent; any such
amounts received by the Agent shall be promptly remitted by the Agent to the
Lenders that shall have made their payments pursuant to this paragraph and to
the Swingline Lender,
as their interests may appear. The purchase of participations in a Swingline
Loan pursuant to this paragraph shall not relieve such Borrower of any default
in the payment thereof.
 
2.6.  Letters of Credit.
 
(a)   General. Subject to the terms and conditions set forth herein, (i) each
Borrower may request the issuance of Letters of Credit for its own account and
(ii) the
Company may request the issuance of Letters of Credit for its own account and,
jointly, for the account of any of its subsidiaries (and in each case under this
clause (ii), the Company
shall be considered the sole Borrower under such Letter of Credit for purposes
of this Agreement notwithstanding any listing of any subsidiary as an account
party or applicant with
respect to such Letter of Credit), in each case in a form reasonably acceptable
to the Agent and the applicable Issuing Bank, at any time and from time to time
prior to the Availability
Termination Date for such Borrower (with respect to any Letter of Credit
referred to in clause (i) of this sentence) or the Company (with respect to any
Letter of Credit referred to in
clause (ii) of this sentence), as the case may be. In the event any Letter of
Credit is issued for the account of a Borrowing Subsidiary under clause (ii) of
the preceding sentence and
the Company is solely liable under such Letter of Credit as provided in the
preceding sentence, the LC Exposure related to such Letter of Credit shall not
be included in the Subsidiary
Credit Exposure for such Borrowing Subsidiary or otherwise applied or measured
against the Subsidiary Sublimit for such Borrowing Subsidiary. In the event of
any inconsistency
between the terms and conditions of this Agreement and the terms and conditions
of any form of letter of credit application or other agreement submitted by a
Borrower to, or entered
into by a Borrower with, an Issuing Bank relating to any Letter of Credit, the
terms and conditions of this Agreement shall control. The Company
unconditionally and irrevocably
agrees that, in connection with any Letter of Credit referred to in clause (ii)
of the first sentence of this paragraph, it will be fully responsible for the
reimbursement of LC
 
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Disbursements, the payment of interest thereon and the payment of LC
Participation Fees and other fees due under Section 2.8.2 to the same extent as
if it were the sole account party
in respect of such Letter of Credit (the Company hereby irrevocably waiving any
defenses that might otherwise be available to it as a guarantor of the
obligations of any subsidiary
that shall be a joint account party in respect of any such Letter of Credit).
 
(b)   Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To
request the issuance of a Letter of Credit (or the amendment, renewal or
extension of
an outstanding Letter of Credit), the applicable Borrower shall hand deliver or
telecopy (or transmit by electronic communication, if arrangements for doing so
have been approved by
the applicable Issuing Bank) to the applicable Issuing Bank and the Agent
(reasonably in advance of the requested date of issuance, amendment, renewal or
extension) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance,
amendment, renewal or
xtension (which shall be a Business Day), the date on which such Letter of
Credit is to expire (which shall comply with paragraph (c) of this Section), the
amount of such Letter of
Credit, the account party or account parties with respect to such Letter of
Credit, the name and address of the beneficiary thereof and such other
information as shall be necessary to
prepare, amend, renew or extend such Letter of Credit. If requested by the
applicable Issuing Bank, such Borrower also shall submit a letter of credit
application on such Issuing
Bank’s standard form in connection with any request for a Letter of Credit. A
Letter of Credit shall be issued, amended, renewed or extended only if (and upon
issuance, amendment,
renewal or extension of each Letter of Credit, such Borrower shall be deemed to
represent and warrant that), after giving effect to such issuance, amendment,
renewal or extension
(i) the Aggregate Outstanding Credit Exposure will not exceed the Aggregate
Commitment, (ii) the Committed Credit Exposure of any Lender will not exceed its
Commitment, (iii) the
Subsidiary Credit Exposure of any Borrowing Subsidiary will not exceed the
Subsidiary Sublimit of such Borrowing Subsidiary, (iv) the portion of the LC
Exposure attributable to
Letters of Credit issued by the applicable Issuing Bank will not exceed the LC
Commitment of such Issuing Bank and (v) if the Commitment Termination Date shall
have been extended
pursuant to Section 2.23(a) with respect to some of but not all the Lenders, the
portion of the LC Exposure attributable to Letters of Credit with expiry dates
after the Existing
Commitment Termination Date (as defined in Section 2.23(a)) will not exceed the
portion of the Aggregate Commitment attributable to the Commitments of the
Consenting Lenders (as
defined in Section 2.23(a)). If the Required Lenders notify the Issuing Banks
that a Default exists and instruct the Issuing Banks to suspend the issuance,
amendment, renewal or
extension of Letters of Credit, no Issuing Bank shall issue, amend, renew or
extend any Letter of Credit without the consent of the Required Lenders until
such notice is withdrawn by
the Required Lenders (and each Lender that shall have delivered such notice
agrees promptly to withdraw it at such time as no Default exists).
 
(c)   Expiration Date. Each Letter of Credit shall expire at or prior to the
close of business on the earlier of (i) the date one year after the date of the
issuance of such
Letter of Credit (or, in the case of any renewal or extension thereof, one year
after such renewal or extension) and (ii) the date that is five Business Days
prior to the Availability
Termination Date for the applicable Borrower; provided that, with the prior
consent of the Agent and the applicable Issuing Bank, a Letter of Credit may be
extended beyond the fifth
Business Day prior to the Availability Termination Date for the applicable
Borrower so long as the applicable
 
 
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Borrower has deposited in an account with the Agent, in the name of the Agent
and for the benefit of the Lenders and such Issuing Bank, as cash collateral
pursuant to
documentation reasonably satisfactory to the Agent and such Issuing Bank, an
amount in cash equal to the aggregate amount of all of its outstanding Letters
of Credit with an
expiration date later than the fifth Business Day prior to the Availability
Termination Date for the applicable Borrower.
 
(d)   Participations. By the issuance of a Letter of Credit (or an amendment to
a Letter of Credit increasing the amount thereof) and without any further action
on the part of
the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to
each Lender, and each Lender hereby acquires from such Issuing Bank, a
participation in such Letter
of Credit equal to such Lender’s Pro Rata Share of the aggregate amount
available to be drawn under such Letter of Credit. In consideration and in
furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Agent, for the
account of such Issuing Bank, such Lender’s Pro Rata Share of each LC
Disbursement made by
such Issuing Bank and not reimbursed by the applicable Borrower on the date due
as provided in paragraph (e) of this Section, or of any reimbursement payment
required to be
refunded to the applicable Borrower for any reason. Each Lender acknowledges and
agrees that its obligation to acquire participations pursuant to this paragraph
in respect of Letters
of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit or the
occurrence and continuance of a Default or reduction or termination of the
Commitments, and that each such payment shall be made without any offset,
abatement, withholding or
reduction whatsoever.
 
(e)   Reimbursement. If an Issuing Bank shall make any LC Disbursement in
respect of a Letter of Credit, the applicable Borrower shall reimburse such LC
Disbursement
by paying to the Agent an amount equal to such LC Disbursement not later than
12:00 noon, New York City time, on the date that such LC Disbursement is made,
if such Borrower
shall have received notice of such LC Disbursement prior to 10:00 a.m., New York
City time, on such date, or, if such notice has not been received by such
Borrower prior to such time
on such date, then not later than 12:00 noon, New York City time, on (i) the
Business Day that such Borrower receives such notice, if such notice is received
prior to 10:00 a.m., New
York City time, on the day of receipt, or (ii) the Business Day immediately
following the day that such Borrower receives such notice, if such notice is not
received prior to such time
on the day of receipt; provided that, if such LC Disbursement is not less than
$1,000,000, such Borrower may, subject to the conditions to borrowing set forth
herein, request in
accordance with Section 2.1 or 2.5 that such payment be financed with a Floating
Rate Advance or Swingline Loan in an equivalent amount and, to the extent so
financed, such
Borrower’s obligation to make such payment shall be discharged and replaced by
the resulting Floating Rate Advance or Swingline Loan. If such Borrower fails to
make such
payment when due, the Agent shall notify each Lender of the applicable LC
Disbursement, the payment then due from such Borrower in respect thereof and
such Lender’s Pro Rata
Share thereof. Promptly following receipt of such notice, each Lender shall pay
to the Agent its Pro Rata Share of the payment then due from such Borrower, in
the same manner as
provided in Section 2.11 with respect to Loans made by such Lender (and
Section 2.11 shall apply, mutatis mutandis, to the payment obligations of the
Lenders), and the Agent shall
promptly pay to such Issuing Bank the amounts so received by it from the
Lenders. Promptly following receipt by the Agent of any payment from such
Borrower pursuant to this
paragraph, the Agent shall distribute such payment to such Issuing
 
 
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Bank or, to the extent that Lenders have made payments pursuant to this
paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing
Bank as their interests
may appear. Any payment made by a Lender pursuant to this paragraph to reimburse
an Issuing Bank for any LC Disbursement (other than the funding of a Floating
Rate Advance or
a Swingline Loan as contemplated above) shall not constitute a Loan and shall
not relieve such Borrower of its obligation to reimburse such LC Disbursement.
 
(f)   Obligations Absolute. Each Borrower’s obligation to reimburse LC
Disbursements as provided in paragraph (e) of this Section shall be several,
shall be absolute, unconditional and irrevocable, and shall be performed
strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or
enforceability of any Letter of Credit or this Agreement, or any term or
provision therein, (ii) any draft or other document presented under a Letter of
Credit proving to be forged, fraudulent or invalid in any respect or any
statement therein being untrue or inaccurate in any respect, (iii) payment by an
Issuing Bank under a Letter of Credit against presentation of a draft or other
document that does not comply with the terms of such Letter of Credit, or
(iv) any other event or circumstance whatsoever, whether or not similar to any
of the foregoing, that might, but for the provisions of this Section, constitute
a legal or equitable discharge of, or provide a right of setoff against, such
Borrower’s obligations hereunder. None of the Agent, the Lenders or the Issuing
Banks, or any of their respective affiliates, directors, officers or employees,
shall have any liability or responsibility by reason of or in connection with
the issuance or transfer of any Letter of Credit or any payment or failure to
make any payment thereunder (irrespective of any of the circumstances referred
to in the preceding sentence), or any error, omission, interruption, loss or
delay in transmission or delivery of any draft, notice or other communication
under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or
any consequence arising from causes beyond the control of the applicable Issuing
Bank; provided that the foregoing shall not be construed to excuse an Issuing
Bank from liability to a Borrower to the extent of any direct damages (as
opposed to consequential damages, claims in respect of which are hereby waived
by each Borrower to the extent permitted by applicable law) suffered by such
Borrower that are caused by such Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that,
in the absence of gross negligence or willful misconduct on the part of an
Issuing Bank (as finally determined by a court of competent jurisdiction), an
Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof and
subject to any non-waivable provisions of the laws and/or other rules to which a
Letter of Credit is subject, the parties agree that, with respect to documents
presented which appear on their face to be in substantial compliance with the
terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either
accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or
refuse to accept and make payment upon such documents if such documents are not
in strict compliance with the terms of such Letter of Credit.
 
(g)   Disbursement Procedures. The applicable Issuing Bank shall, promptly
following its receipt thereof, examine all documents purporting to represent a
demand for payment under a Letter of Credit. Such Issuing Bank shall promptly
notify the Agent and the applicable
 
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Borrower by telephone (confirmed by telecopy) of such demand for payment and
whether such Issuing Bank has made or will make an LC Disbursement thereunder;
provided that any failure to give or delay in giving such notice shall not
relieve such Borrower of its obligation to reimburse such Issuing Bank and the
Lenders with respect to any such LC Disbursement.
 
(h)   Interim Interest. If an Issuing Bank shall make any LC Disbursement, then,
unless the applicable Borrower shall reimburse such LC Disbursement in full on
the date such LC Disbursement is made, the unpaid amount thereof shall bear
interest, for each day from and including the date such LC Disbursement is made
to but excluding the date that such Borrower reimburses such LC Disbursement, at
the rate per annum then applicable to Floating Rate Advances; provided that, if
such Borrower fails to reimburse such LC Disbursement when due pursuant to
paragraph (e) of this Section, then Section 2.14 shall apply. Interest accrued
pursuant to this paragraph shall be for the account of such Issuing Bank, except
that interest accrued on and after the date of payment by any Lender pursuant to
paragraph (e) of this Section to reimburse such Issuing Bank shall be for the
account of such Lender to the extent of such payment.
 
(i)   Cash Collateralization. If any Default with respect to a Borrower shall
occur and be continuing, on the Business Day that such Borrower receives notice
from the Agent or the Required Lenders (or, if the maturity of the Loans has
been accelerated, Lenders with LC Exposures representing greater than 50% of the
total LC Exposure) demanding the deposit of cash collateral pursuant to this
paragraph, such Borrower shall deposit in an account with the Agent, in the name
of the Agent and for the benefit of the Lenders, an amount in cash equal to the
portion of the LC Exposure as of such date attributable to Letters of Credit
issued for the account of such Borrower; provided that the obligation to deposit
such cash collateral shall become effective immediately, and such deposit shall
become immediately due and payable, without demand or other notice of any kind,
upon the occurrence of any Default with respect to such Borrower described in
Sections 7.6 or 7.7. Such deposit shall be held by the Agent as collateral for
the payment and performance of the obligations of such Borrower under this
Agreement. The Agent shall have exclusive dominion and control, including the
exclusive right of withdrawal, over such account. Other than any interest earned
on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Agent and at such Borrower’s risk and expense,
such deposits shall not bear interest. Interest or profits, if any, on such
investments shall accumulate in such account. Moneys in such account shall be
applied by the Agent to reimburse each Issuing Bank for LC Disbursements under
Letters of Credit issued for the account of such Borrower for which it has not
been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of future reimbursement obligations under Letters of Credit issued
for the account of such Borrower or, if the maturity of the Loans has been
accelerated (but subject to the consent of Lenders with LC Exposures
representing greater than 50% of the total LC Exposure), be applied to satisfy
other Obligations of such Borrower under this Agreement. If any Borrower is
required to provide an amount of cash collateral hereunder as a result of the
occurrence of a Default with respect to such Borrower, such amount (to the
extent not applied as aforesaid) shall be returned to such Borrower within three
Business Days after all Defaults with respect to such Borrower have been cured
or waived. If at any time the cash collateral of any Borrower shall exceed such
portion of the LC Exposure as of such date attributable to Letters of Credit
issued for the account of such Borrower, the Agent shall apply such excess funds
to the payment of such
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Borrower’s Obligations or (i) if no such Obligations are then due and owing and
no Default with respect to such Borrower shall exist, shall release such excess
funds to such Borrower or (ii) if no such Obligations are outstanding (other
than contingent Obligations in respect of Letters of Credit which are fully
collateralized), such excess amount shall be released to such Borrower
notwithstanding the existence of a Default in respect of such Borrower.
 
(j)   Designation of Additional Issuing Banks. From time to time, the Borrowers
may by notice to the Agent and the Lenders designate as additional Issuing Banks
one or more Lenders that agree to serve in such capacity as provided below. The
acceptance by a Lender of any appointment as an Issuing Bank hereunder shall be
evidenced by an agreement (an “Issuing Bank Agreement”), which shall be in a
form satisfactory to the Borrowers and the Agent, shall set forth the LC
Commitment of such Lender and shall be executed by such Lender, the Borrowers
and the Agent and, from and after the effective date of such agreement, (i) such
Lender shall have all the rights and obligations of an Issuing Bank under this
Agreement and the other Loan Documents and (ii) references herein and in the
other Loan Documents to the term “Issuing Bank” shall be deemed to include such
Lender in its capacity as an Issuing Bank.
 
2.7.  Types of Advances. Revolving Advances may be Floating Rate Advances or
Eurodollar Advances, or a combination thereof, selected by the applicable
Borrower in accordance with Sections 2.11 and 2.12. Swingline Loans will be
Floating Rate Advances or will bear interest at such other rate per annum as
shall be agreed as provided in Section 2.5. Competitive Loans may be Eurodollar
Rate Advances or Fixed Rate Advances, or a combination thereof, selected by the
applicable Borrower in accordance with Section 2.4.
 
2.8.  Facility Fee; Letter of Credit Fees; Reductions in Aggregate Commitment.
 
2.8.1   Facility Fee. The Company agrees to pay to the Agent for the account of
each Lender a facility fee (the “Facility Fee”) at a per annum rate equal to the
Applicable Fee Rate on such Lender’s Commitment (whether used or unused) from
and including the Closing Date to and including the Facility Termination Date,
payable quarterly in arrears on each Payment Date hereafter and on the Facility
Termination Date, provided that, if any Lender continues to have Revolving
Credit Exposure outstanding hereunder after the termination of its Commitment
(including, without limitation, during any period when Loans or Letters of
Credit may be outstanding but new Loans or Letters of Credit may not be borrowed
or issued hereunder), then the Facility Fee shall continue to accrue on the
aggregate principal amount of the Revolving Credit Exposure of such Lender until
such Lender ceases to have any Revolving Credit Exposure and shall be payable on
demand.
 
2.8.2   Letter of Credit Fees. Each Borrower agrees, severally and not jointly
with the other Borrowers, to pay (i) to the Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit
issued for the account of such Borrower (the “LC Participation Fee”), which
shall accrue at the Applicable Fee Rate on the average daily amount of that
portion of such Lender’s LC Exposure (excluding any portion thereof attributable
to unreimbursed LC Disbursements) attributable to Letters of
 
 
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Credit issued for the account of such Borrower during the period from and
including the Closing Date to but excluding the later of the date on which such
Lender’s Commitment terminates and the date on which such Lender ceases to have
any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall
accrue at the rate or rates per annum separately agreed upon between such
Borrower and such Issuing Bank on the average daily amount of the LC Exposure
attributable to Letters of Credit issued by such Issuing Bank for the account of
such Borrower (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the period from and including the Closing Date to but
excluding the later of the date of termination of the Commitments and the date
on which there ceases to be any LC Exposure, as well as each Issuing Bank’s
standard fees with respect to the issuance, amendment, renewal or extension of
any Letter of Credit issued by such Issuing Bank for the account of such
Borrower or processing of drawings thereunder. LC Participation Fees and
fronting fees accrued through and including the last day of March, June,
September and December of each year shall be payable on the third Business Day
following such last day, commencing on the first such date to occur after the
Closing Date; provided that all such fees accrued for the account of any
Borrower shall be payable on the Availability Termination Date for such Borrower
and any such fees accruing after the Availability Termination Date for such
Borrower shall be payable on demand. Any other fees payable to an Issuing Bank
pursuant to this paragraph shall be payable promptly upon receipt of an invoice
therefor.
 
2.8.3   Termination of and Reductions in Aggregate Commitment and Subsidiary
Sublimits. The Aggregate Commitment and the Commitment of each Lender will
automatically terminate on the Commitment Termination Date. The Company may
permanently reduce the Aggregate Commitment and each Borrowing Subsidiary may
permanently reduce its respective Subsidiary Sublimit, in whole or in part,
ratably among the Lenders in integral multiples of $5,000,000, upon at least ten
(10) Business Days’ written notice to the Agent, which notice shall specify the
amount of any such reduction, provided, however, that (i) the amount of the
Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit
Exposure and (ii) the Subsidiary Sublimit of any Borrowing Subsidiary may not be
reduced below the Subsidiary Credit Exposure of such Borrowing Subsidiary.
 
2.9.  Minimum Amount of Each Advance. Each Eurodollar Advance shall be in the
minimum amount of $5,000,000 (and in multiples of $1,000,000 if in excess
thereof), and each Floating Rate Advance shall be in the minimum amount of
$5,000,000 (and in multiples of $1,000,000 if in excess thereof),
provided, however, that (i) any Floating Rate Advance may be in the amount of
the Available Aggregate Commitment and (ii)  any Floating Rate Advance to a
Borrowing Subsidiary may be in the amount equal to the lesser of the Available
Aggregate Commitment and the amount by which the Subsidiary Sublimit of such
Borrowing Subsidiary exceeds the Subsidiary Credit Exposure of such Borrowing
Subsidiary.
 
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2.10.  Optional Principal Payments. Each Borrower may from time to time pay,
without penalty or premium, all outstanding Floating Rate Advances of such
Borrower, or any portion of such outstanding Floating Rate Advances, in a
minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in
excess thereof, upon one (1) Business Day’s prior notice to the Agent. Each
Borrower may from time to time pay, subject to the payment of any funding
indemnification amounts required by Section 3.4 but without penalty or premium,
all outstanding Eurodollar Advances of such Borrower, or, in a minimum aggregate
amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof,
any portion of such outstanding Eurodollar Advances upon three (3) Business
Days’ prior notice to the Agent; provided that no Competitive Loan may be
prepaid without the consent of the applicable Lender.
 
2.11.  Method of Selecting Types and Interest Periods for New Revolving
Advances. The applicable Borrower shall select the Type of each Revolving
Advance and, in the case of each Revolving Eurodollar Advance, the Interest
Period applicable thereto; provided that there shall be no more than three (3)
Interest Periods in effect with respect to all of the Revolving Loans of any
single Borrower at any time, unless such limit has been waived by the Agent in
its sole discretion. The applicable Borrower shall give the Agent irrevocable
notice (a “Borrowing Notice”) not later than 11:00 a.m. (New York time) on the
Borrowing Date of each Revolving Floating Rate Advance and three Business Days
before the Borrowing Date for each Revolving Eurodollar Advance, specifying:
 

(i)    
the Borrower requesting such Borrowing,

 

(ii)   
the Borrowing Date, which shall be a Business Day, of such Advance,

 

(iii)  
the aggregate amount of such Advance,

 

(iv)  
the Type of Advance selected, and

 

(v)   
in the case of each Eurodollar Advance, the Interest Period applicable thereto.

 
The Agent shall provide written notice of each request for borrowing under this
Section 2.11 by 11:00 a.m. (New York time) (or, if later, within one hour after
receipt of the applicable Borrowing Notice from such Borrower) on each Borrowing
Date for each Floating Rate Advance or on the third Business Day prior to each
Borrowing Date for each Eurodollar Advance, as applicable. Not later than 1:00
p.m. (New York time) on each Borrowing Date, each Lender shall make available
its Revolving Loan or Revolving Loans in Federal or other funds immediately
available in New York to the Agent at its address specified pursuant to Article
XIII. The Agent will promptly make the funds so received from the Lenders
available to such Borrower at the Agent’s aforesaid address.
 
2.12.  Conversion and Continuation of Outstanding Revolving Advances; No
Conversion or Continuation of Revolving Eurodollar Advances After Default.
Revolving Floating Rate Advances shall continue as Floating Rate Advances unless
and until such Revolving Floating Rate Advances are converted into Revolving
Eurodollar Advances pursuant to this Section 2.12 or are repaid in accordance
with Section 2.10. Each Revolving Eurodollar Advance shall continue as a
Eurodollar Advance until the end of the then applicable Interest Period
therefor, at which time such Revolving Eurodollar Advance shall be automatically
 
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converted into a Revolving Floating Rate Advance unless (x) such Revolving
Eurodollar Advance is or was repaid in accordance with Section 2.10 or (y) the
applicable Borrower shall have given the Agent a Conversion/Continuation Notice
(as defined below) requesting that, at the end of such Interest Period, such
Revolving Eurodollar Advance continue as a Revolving Eurodollar Advance for the
same or another Interest Period. Subject to the terms of Section 2.9, a Borrower
may elect from time to time to convert all or any part of a Revolving Advance of
any Type into any other Type or Types of Advances; provided that any conversion
of any Revolving Eurodollar Advance shall be made on, and only on, the last day
of the Interest Period applicable thereto. Notwithstanding anything to the
contrary contained in this Section 2.12, during the continuance of a Default or
an Unmatured Default with respect to a Borrower, the Agent may (or shall at the
direction of the Required Lenders), by notice to such Borrower, declare that no
Revolving Advance of such Borrower may be made, converted or continued as a
Eurodollar Advance. The applicable Borrower shall give the Agent irrevocable
notice (a “Conversion/Continuation Notice”) of each conversion of a Revolving
Advance or continuation of a Revolving Eurodollar Advance not later than 11:00
a.m. (New York time) at least one (1) Business Day, in the case of a conversion
into a Revolving Floating Rate Advance, or three (3) Business Days, in the case
of a conversion into or continuation of a Revolving Eurodollar Advance, prior to
the date of the requested conversion or continuation, specifying:
 

(i)    
the requested date, which shall be a Business Day, of such conversion or
continuation,

 

(ii)   
the aggregate amount and Type of the Advance to be converted or continued, and

 

(iii)  
the amount of the Advance to be converted into or continued as a Eurodollar
Advance and the duration of the Interest Period applicable thereto.

 
This Section shall not apply to Competitive Loans or Swingline Loans, which may
not be converted or continued.
 
2.13.   Interest Rates, etc. Each Floating Rate Advance shall bear interest on
the outstanding principal amount thereof, for each day from and including the
date such Advance is made or is automatically converted from a Eurodollar
Advance into a Floating Rate Advance pursuant to Section 2.12, to but excluding
the date it is paid or is converted into a Eurodollar Advance pursuant to
Section 2.12, at a rate per annum equal to the Floating Rate for such day.
Changes in the rate of interest on that portion of any Advance maintained as a
Floating Rate Advance will take effect simultaneously with each change in the
Alternate Base Rate. Each Eurodollar Advance shall bear interest on the
outstanding principal amount thereof from and including the first day of each
Interest Period applicable thereto to (but not including) the earlier of the
last day of such Interest Period or the date it is paid in accordance with
Section 2.10 at the Eurodollar Rate determined by the Agent as applicable to
such Eurodollar Advance based upon the applicable Borrower’s selections under
Sections 2.11 and 2.12 and otherwise in accordance with the terms hereof. Each
Fixed Rate Advance shall bear interest at the Fixed Rate applicable thereto.
 
2.14.  Rates Applicable After Default. During the continuance of a Default with
respect to any Borrower, the Required Lenders may, at their option, by notice to
such Borrower (which
 
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notice may be revoked at the option of the Required Lenders notwithstanding any
provision of Section 8.2 requiring unanimous consent of the Lenders to changes
in interest rates), declare that (i) each Eurodollar Advance shall bear interest
for the remainder of the applicable Interest Period at the rate otherwise
applicable during such Interest Period plus 2% per annum and (ii) each Floating
Rate Advance shall bear interest at a rate per annum equal to the Floating Rate
in effect from time to time plus 2% per annum, provided that, during the
continuance of a Default with respect to any Borrower under Section 7.6 or 7.7,
the interest rates set forth in clauses (i) and (ii) above shall be applicable
to all Advances, fees and other Obligations of such Borrower hereunder without
any election or action on the part of the Agent or any Lender. 
 
2.15.  Funding of Loans; Method of Payment. All payments of the Obligations
hereunder shall be made, without setoff, deduction or counterclaim, in
immediately available funds to the Agent at the Agent’s address specified
pursuant to Article XIII, or at any other Lending Installation of the Agent
specified in writing by the Agent, by 12:00 noon (New York time) on the date
when due and shall be applied ratably by the Agent among the Lenders. Each
payment delivered to the Agent for the account of any Lender shall be delivered
promptly by the Agent to such Lender in the same type of funds that the Agent
received at its address specified pursuant to Article XIII or at any Lending
Installation specified in a notice received by the Agent from such Lender. The
Agent is hereby authorized to charge the account of any Borrower maintained with
JPMCB for each payment of principal, interest and fees owed by such Borrower as
it becomes due hereunder.
 
2.16.  Noteless Agreement; Evidence of Indebtedness. (i) Each Lender shall
maintain in accordance with its usual practice an account or accounts evidencing
the indebtedness of each Borrower to such Lender resulting from each Loan made
by such Lender to such Borrower from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time
hereunder.
 

(ii)   
The Agent shall also maintain accounts in which it will record (a) the date and
the amount of each Loan made to each Borrower hereunder, the Type thereof and
the Interest Period (in the case of a Eurodollar Advance) with respect thereto,
(b) the amount of any principal or interest due and payable or to become due and
payable from each Borrower to each Lender hereunder, (c) the effective date and
amount of each Assignment Agreement delivered to and accepted by it pursuant to
Section 12.3 and the parties thereto, (d) the amount of any sum received by the
Agent hereunder from each Borrower and each Lender’s share thereof, and (e) all
other appropriate debits and credits as provided in this Agreement, including,
without limitation, all fees, charges, expenses and interest.

 

(iii)  
The entries maintained in the accounts maintained pursuant to paragraphs (i) and
(ii) above shall be prima facie evidence absent manifest error of the existence
and amounts of the Obligations therein recorded; provided, however, that the
failure of the Agent or any Lender to maintain such accounts or any error
therein shall not in any manner affect the obligation of such Borrower to repay
the Obligations in accordance with their terms.

 
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(iv)  
Any Lender may request that its Loans be evidenced by a promissory note in
substantially the form of Exhibit E (a “Note”). In such event, the applicable
Borrower shall prepare, execute and deliver to such Lender such Note payable to
the order of such Lender. Thereafter, the Loans evidenced by such Note and
interest thereon shall at all times (prior to any assignment pursuant to Section
12.3) be represented by one or more Notes payable to the order of the payee
named therein, except to the extent that any such Lender subsequently returns
any such Note for cancellation and requests that such Loans once again be
evidenced as described in paragraphs (i) and (ii) above.

 
2.17.  Telephonic Notices. Each Borrower hereby authorizes the Lenders and the
Agent to extend, convert or continue Advances, effect selections of Types of
Advances and to transfer funds based on telephonic notices made by any person or
persons the Agent or any Lender in good faith believes to be acting on behalf of
such Borrower, it being understood that the foregoing authorization is
specifically intended to allow Borrowing Notices and Conversion/Continuation
Notices to be given telephonically. Each Borrower agrees to deliver promptly to
the Agent a written confirmation, signed by an Authorized Officer, if such
confirmation is requested by the Agent or any Lender, of each telephonic notice.
If the written confirmation differs in any material respect from the action
taken by the Agent and the Lenders, the records of the Agent and the Lenders
shall govern absent manifest error. 
 
2.18.  Interest Payment Dates; Interest and Fee Basis. Interest accrued on each
Floating Rate Advance shall be payable in arrears on each Payment Date,
commencing with the first such date to occur after the Closing Date, on any date
on which such Floating Rate Advance is prepaid, whether due to acceleration or
otherwise, and at maturity. Interest accrued on that portion of the outstanding
principal amount of any Floating Rate Advance converted into a Eurodollar
Advance on a day other than a Payment Date shall be payable on the date of
conversion. Interest accrued on each Eurodollar Advance shall be payable on the
last day of each applicable Interest Period, on any date on which the Eurodollar
Advance is prepaid, whether by acceleration or otherwise, and at maturity.
Interest accrued on each Eurodollar Advance having an Interest Period longer
than three months shall also be payable on the last day of each three-month
interval during such Interest Period. Interest accrued on each Fixed Rate Loan
shall be payable on the last day of the Interest Period applicable to the
Advance of which such Loan is a part and, in the case of a Fixed Rate Advance
with an Interest Period of more than 90 days’ duration (unless otherwise
specified in the applicable Competitive Bid Request), each day prior to the last
day of such Interest Period that occurs at intervals of 90 days’ duration after
the first day of such Interest Period, and any other dates that are specified in
the applicable Competitive Bid Request as dates for payment of interest with
respect to such Advance. Interest accrued on each Swingline Loan shall be
payable on the day that such Loan is required to be repaid. Interest accrued on
any Advance that is not paid when due shall be payable on demand and on the date
of payment in full. Interest on Eurodollar Advances, Fixed Rate Loans and fees
hereunder shall be calculated for actual days elapsed on the basis of a 360-day
year. Interest on Floating Rate Advances shall be calculated for actual days
elapsed on the basis of a 365/366-day year. Interest shall be payable for the
day an Advance is made but not for the day of any payment on the amount paid if
payment is received prior to 12:00 noon (New York time) at the place of payment.
If any payment of principal of or interest on an Advance, any fees or any other
amounts payable to the Agent or any Lender hereunder shall become due on a day
which is
 
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not a Business Day, such payment shall be made on the next succeeding Business
Day and, in the case of principal payment, such extension of time shall be
included in computing interest, fees and commissions in connection with such
payment.
 
2.19.  Notification of Advances, Interest Rates, Prepayments and Commitment
Reductions; Availability of Loans. Promptly after receipt thereof, the Agent
will notify each Lender in writing of the contents of each Aggregate Commitment
reduction notice, Borrowing Notice, Conversion/Continuation Notice, and
repayment notice received by it hereunder. The Agent will notify the applicable
Borrower and each Lender of the interest rate applicable to each Revolving
Eurodollar Advance promptly upon determination of such interest rate and will
give each Borrower and each Lender prompt notice of each change in the Alternate
Base Rate.
 
2.20.  Lending Installations. Each Lender may book its Loans at any Lending
Installation selected by such Lender and may change its Lending Installation
from time to time. All terms of this Agreement shall apply to any such Lending
Installation and the Loans and any Notes issued hereunder shall be deemed held
by each Lender for the benefit of any such Lending Installation. Each Lender
may, by written notice to the Agent and the Borrowers in accordance with Article
XIII, designate replacement or additional Lending Installations through which
Loans will be made by it and for whose account Loan payments are to be made.
 
2.21.  Non-Receipt of Funds by the Agent. Unless the applicable Borrower or a
Lender, as the case may be, notifies the Agent prior to the date (or, in the
case of a Lender with respect to a Revolving Floating Rate Advance under Section
2.11, prior to the time) on which it is scheduled to make payment to the Agent
of (i) in the case of a Lender, the proceeds of a Loan or any payment under
Section 2.5(d) or 2.6(e) or (ii) in the case of a Borrower, a payment of
principal, interest or fees to the Agent for the account of the Lenders, that it
does not intend to make such payment, the Agent may assume that such payment has
been made. The Agent may, but shall not be obligated to, make the amount of such
payment available to the intended recipient in reliance upon such assumption. If
such Lender or such Borrower, as the case may be, has not in fact made such
payment to the Agent, the recipient of such payment shall, on demand by the
Agent, repay to the Agent the amount so made available together with interest
thereon in respect of each day during the period commencing on the date such
amount was so made available by the Agent until the date the Agent recovers such
amount at a rate per annum equal to (x) in the case of payment by a Lender, the
Federal Funds Effective Rate for such day for the first three days and,
thereafter, the interest rate applicable to the relevant Loan or (y) in the case
of payment by a Borrower, the interest rate applicable to the relevant Loan.
 
2.22.  Replacement of Lender. If any Borrower is required pursuant to Section
3.1, 3.2 or 3.5 to make any additional payment to any Lender or if any Lender’s
obligation to make or continue, or to convert Floating Rate Advances into,
Eurodollar Advances shall be suspended pursuant to Section 3.3 (any Lender so
affected an “Affected Lender”), the Borrowers may elect, if such amounts
continue to be charged or such suspension is still effective, to terminate or
replace the Commitment of such Affected Lender, provided that no Default or
Unmatured Default shall have occurred and be continuing at the time of such
termination or replacement, and provided further that, concurrently with such
termination or replacement, (i) if the Affected Lender is being replaced,
another bank or other entity which is reasonably satisfactory to the Borrowers
and the Agent shall agree, as of such date, to purchase for cash at face amount
the
 
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Outstanding Credit Exposure of the Affected Lender pursuant to an Assignment
Agreement substantially in the form of Exhibit C and to become a Lender for all
purposes under this Agreement and to assume all obligations of the Affected
Lender to be terminated as of such date and to comply with the requirements of
Section 12.3 applicable to assignments, and (ii) each Borrower shall pay to such
Affected Lender in immediately available funds on the day of such replacement
(A) all interest, fees and other amounts then accrued but unpaid to such
Affected Lender by such Borrower hereunder to and including the date of
termination, including without limitation payments due to such Affected Lender
under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment
which would have been due to such Lender on the day of such replacement under
Section 3.4 had the Loans of such Affected Lender been prepaid on such date
rather than sold to the replacement Lender, in each case to the extent not paid
by the purchasing lender and (iii) if the Affected Lender is being terminated,
each Borrower shall pay to such Affected Lender all Obligations due from such
Borrower to such Affected Lender (including the amounts described in the
immediately preceding clauses (i) and (ii) plus the outstanding principal
balance of such Affected Lender’s Advances and the amount of such Lender’s
funded participations in unreimbursed LC Disbursements). Notwithstanding the
foregoing, the Borrowers may not terminate the Commitment of an Affected Lender
if, after giving effect to such termination, (x) the Aggregate Outstanding
Credit Exposure would exceed the Aggregate Commitment, or (y) the Subsidiary
Credit Exposure of any Borrowing Subsidiary would exceed the Subsidiary Sublimit
of such Borrowing Subsidiary.
 
2.23.  Extension of Commitment Termination Date and Borrowing Subsidiary
Maturity Dates. (a)  Extension of Commitment Termination Date. The Company may,
by notice to the Agent (which shall promptly deliver a copy to each of the
Lenders) given not less than 45 days and not more than 60 days prior to any of
the first four anniversaries of the Closing Date (a “Commitment Extension
Request”), request that the Lenders extend the Commitment Termination Date for
an additional period of one year. Each Lender shall, by notice to the Company
and the Agent given not later than the 20th day after the date of the Agent’s
receipt of the Company’s Commitment Extension Request, advise the Company
whether or not it agrees to the requested extension (each Lender agreeing to a
requested extension being called a “Consenting Lender” and each Lender declining
to agree to a requested extension being called a “Declining Lender”). Any Lender
that has not so advised the Company and the Agent by such day shall be deemed to
have declined to agree to such extension and shall be a Declining Lender. If
Lenders constituting the Required Lenders shall have agreed to a Commitment
Extension Request, then the Commitment Termination Date shall, as to the
Consenting Lenders, be extended to the first anniversary of the Commitment
Termination Date theretofore in effect.  The decision to agree or withhold
agreement to any Commitment Extension Request shall be at the sole discretion of
each Lender. The Commitment of any Declining Lender shall terminate on the
Commitment Termination Date in effect prior to giving effect to any such
extension (such Commitment Termination Date being called the “Existing
Commitment Termination Date”). The principal amount of any outstanding Loans
made by Declining Lenders (including any such Loans made to Borrowing
Subsidiaries, whether or not the Maturity Dates applicable to such Borrowing
Subsidiaries shall have been extended as provided in paragraph (b) of this
Section), together with any accrued interest thereon and any accrued fees and
other amounts payable to or for the account of such Declining Lenders hereunder,
shall be due and payable on the Existing Commitment Termination Date, and on the
Existing Commitment Termination Date, the Borrowers shall also make such other
prepayments of their respective Loans pursuant to Section
 
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2.10 as shall be required in order that, after giving effect to the termination
of the Commitments of, and all payments to, Declining Lenders pursuant to this
sentence, (i) the Aggregate Outstanding Credit Exposure will not exceed the
Aggregate Commitment and (ii) the Committed Credit Exposure of each Lender will
not exceed its Commitment. Notwithstanding the foregoing provisions of this
paragraph, the Company shall have the right, pursuant to Section 12.3, at any
time prior to the Existing Commitment Termination Date, to replace a Declining
Lender with a Lender or other financial institution that will agree to a
Commitment Extension Request, and any such replacement Lender shall for all
purposes constitute a Consenting Lender. Notwithstanding the foregoing, no
extension of the Commitment Termination Date pursuant to this paragraph shall
become effective unless (i) the Agent shall have received documents consistent
with those delivered with respect to the Company under Sections 4.1.1 through
4.1.6, giving effect to such extension and (ii) on the anniversary of the
Closing Date that immediately follows the date on which the Company delivers the
applicable Commitment Extension Request, the conditions set forth in Sections
4.2.1 and 4.2.2 shall be satisfied (with all references in Sections 5.5 and 5.7
to “the date of this Agreement” being deemed to be references to the date of
such anniversary of the Closing Date), and the Agent shall have received a
certificate to that effect dated such date and executed by the chief financial
officer, the controller or the treasurer of the Company. 
 
(b)   Extension of Borrowing Subsidiary Maturity Dates. Any Borrowing Subsidiary
may, by notice (a “Subsidiary Maturity Date Extension Request”) to the Agent
(which shall promptly deliver a copy to each of the Lenders) given not less than
45 days and not more than 60 days prior to the then-current Maturity Date with
respect to such Borrowing Subsidiary, request an extension of such Maturity Date
with respect to such Borrowing Subsidiary to a date 364 days after such Maturity
Date (the Maturity Date in effect prior to any such extension being called the
“Existing Maturity Date” with respect to such Borrowing Subsidiary) and on or
prior to (but in no event after) the Commitment Termination Date (including any
date to which the Commitment Termination Date has been extended or is
simultaneously being extended pursuant to paragraph (a) above) or, if the
Commitment Termination Date shall have been or is simultaneously being extended
as to some but not all of the Lenders, the latest date to which the Commitment
Termination Date applicable to any Lenders shall have been or is being so
extended. Each Lender shall, by notice to such applicable Borrowing Subsidiary,
the Company and the Agent given not later than the 20th day after the date of
the Agent’s receipt of such Borrowing Subsidiary’s Subsidiary Maturity Date
Extension Request, advise such applicable Borrowing Subsidiary and the Company
whether or not it agrees to the requested extension (each Lender agreeing to a
requested extension being called a “Consenting Lender” and each Lender declining
to agree to a requested extension being called a “Declining Lender”). Any Lender
that has not so advised such applicable Borrowing Subsidiary, the Company and
the Agent by such day shall be deemed to have declined to agree to such
extension and shall be a Declining Lender. If Lenders constituting the Required
Lenders shall have agreed to a Subsidiary Maturity Date Extension Request, then
the Maturity Date with respect to the applicable Borrowing Subsidiary shall, as
to both the Consenting Lenders and the Declining Lenders, be extended to the
date 364 days after the Existing Maturity Date with respect to such Borrowing
Subsidiary; provided, that the Maturity Date with respect to a Borrowing
Subsidiary shall in no event be extended as to any Lender beyond the latest date
to which the Commitment Termination Date applicable to such Lender shall have
been extended. Notwithstanding the foregoing, no extension of the Maturity Date
with respect to any Borrowing Subsidiary pursuant to this paragraph shall become
effective unless (i) the Agent shall have received
 
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documents consistent with those delivered with respect to such Borrowing
Subsidiary under Sections 4.1.1 through 4.1.6, giving effect to such extension
and (ii) on the Existing Maturity Date applicable to such Borrowing Subsidiary,
the conditions set forth in Sections 4.2.1 and 4.2.2 shall be satisfied with
respect to such Borrowing Subsidiary (with all references in Sections 5.5 and
5.7 to “the date of this Agreement” being deemed to be references to such
Existing Maturity Date), and the Agent shall have received a certificate to that
effect dated such date and executed by the chief financial officer, the
controller or the treasurer of such Borrowing Subsidiary.
 
2.24.  Removal of Borrowing Subsidiaries. The Company may at any time execute
and deliver to the Agent a Borrowing Subsidiary Termination substantially in the
form of Exhibit H hereto with respect to any Borrowing Subsidiary. Upon the
delivery to the Agent of such Borrowing Subsidiary Termination, (a) such
Borrowing Subsidiary shall cease to be a Borrower and a Borrowing Subsidiary
under this Agreement and its Subsidiary Sublimit shall be reduced to zero, (b)
such Borrowing Subsidiary and its Subsidiaries shall be deemed no longer to be
Subsidiaries for purposes of this Agreement and (c) subject to the satisfaction
of the conditions precedent to borrowing thereunder, any Letter of Credit issued
for the account of such Borrowing Subsidiary will be deemed to have become a
letter of credit under the Illinois Agreement (and cease to be a Letter of
Credit under this Agreement) and each Lender agrees that, concurrently upon any
Letter of Credit becoming a letter of credit under the Illinois Agreement, the
participations in such Letter of Credit granted to such Lender hereunder shall
be automatically canceled without further action by any of the parties hereto;
provided that no Borrowing Subsidiary Termination will become effective as to
any Borrowing Subsidiary (other than to terminate such Borrowing Subsidiary’s
right to request Advances or the issuance of Letters of Credit under this
Agreement) at a time when any principal of or interest on any Loan to such
Borrowing Subsidiary or any Letter of Credit issued for the account of such
Borrowing Subsidiary shall be outstanding hereunder or any fees or other amounts
owed by such Borrowing Subsidiary remain unpaid with respect thereto. Promptly
following receipt of any Borrowing Subsidiary Termination, the Agent shall
forward a copy thereof to each Lender.
 

ARTICLE III  
 
YIELD PROTECTION; TAXES
 
3.1.  Yield Protection. If, on or after the Closing Date, the adoption of any
law or any governmental or quasi-governmental rule, regulation, policy,
guideline or directive (whether or not having the force of law), or any change
in any such law, rule, regulation, policy, guideline or directive or in the
interpretation or administration thereof by any governmental or
quasi-governmental authority, central bank or comparable agency charged with the
interpretation or administration thereof, or compliance by any Lender or
applicable Lending Installation with any request or directive (whether or not
having the force of law) of any such authority, central bank or comparable
agency:
 
3.1.1   subjects any Lender or any applicable Lending Installation to any Taxes,
or changes the basis of taxation of payments (other than with
 
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respect to Excluded Taxes) to any Lender in respect of its Eurodollar Loans, or
 
3.1.2   imposes or increases or deems applicable any reserve, assessment,
insurance charge, special deposit or similar requirement against assets of,
deposits with or for the account of, or credit extended by, any Lender or any
applicable Lending Installation (other than reserves and assessments taken into
account in determining the interest rate applicable to Eurodollar Advances), or
 
3.1.3   imposes any other condition the result of which is to increase the cost
to any Lender or any applicable Lending Installation of making, funding or
maintaining its Commitment, Eurodollar Loans or Fixed Rate Loans or reduces any
amount receivable by any Lender or any applicable Lending Installation in
connection with its Commitment, Eurodollar Loans or Fixed Rate Loans, or
requires any Lender or any applicable Lending Installation to make any payment
calculated by reference to the amount of Commitment, Eurodollar Loans or Fixed
Rate Loans held or interest received by it, by an amount deemed material by such
Lender,
 
and the result of any of the foregoing is to increase the cost to such Lender or
applicable Lending Installation of making or maintaining its Commitment,
Eurodollar Loans or Fixed Rate Loans or to reduce the return received by such
Lender or applicable Lending Installation in connection with such Commitment,
Eurodollar Loans or Fixed Rate Loans, then, within 15 days of demand,
accompanied by the written statement required by Section 3.6, by such Lender,
the Borrowers shall pay such Lender such additional amount or amounts as will
compensate such Lender for such increased cost or reduction in amount received.
 
3.2.  Changes in Capital Adequacy Regulations. If a Lender determines the amount
of capital required or expected to be maintained by such Lender, any Lending
Installation of such Lender or any corporation controlling such Lender is
increased as a result of a Change, then, within 15 days of demand, accompanied
by the written statement required by Section 3.6, by such Lender, the Borrowers
shall pay such Lender the amount necessary to compensate for any shortfall in
the rate of return on the portion of such increased capital which such Lender
determines is attributable to this Agreement, its Outstanding Credit Exposure or
its Commitment hereunder (after taking into account such Lender’s policies as to
capital adequacy). “Change” means (i) any change after the Closing Date in the
Risk-Based Capital Guidelines or (ii) any adoption of, or change in, or change
in the interpretation or administration of any other law, governmental or
quasi-governmental rule, regulation, policy, guideline, interpretation, or
directive (whether or not having the force of law) after the Closing Date which
affects the amount of capital required or expected to be maintained by any
Lender or any Lending Installation or any corporation controlling any Lender.
“Risk-Based Capital Guidelines” means (i) the risk-based capital guidelines in
effect in the United States on the Closing Date, including transition rules, and
(ii) the corresponding capital regulations promulgated by regulatory authorities
outside the United States implementing the July 1988 report of the Basle
Committee on Banking Regulation and Supervisory Practices Entitled
“International Convergence of Capital
 
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Measurements and Capital Standards,” including transition rules, and any
amendments to such regulations adopted prior to the Closing Date.
 
3.3.  Availability of Types of Advances. If (x) any Lender determines that
maintenance of its Eurodollar Loans at a suitable Lending Installation would
violate any applicable law, rule, regulation, or directive, whether or not
having the force of law, or (y) the Required Lenders determine that (i) deposits
of a type and maturity appropriate to match fund Eurodollar Advances are not
available or (ii) the interest rate applicable to Eurodollar Advances does not
accurately reflect the cost of making or maintaining Eurodollar Advances, or
(iii) no reasonable basis exists for determining the Eurodollar Base Rate, then
the Agent shall suspend the availability of Eurodollar Advances and require any
affected Eurodollar Advances to be repaid or converted to Floating Rate Advances
on the respective last days of the then current Interest Periods with respect to
such Loans or within such earlier period as required by law, subject to the
payment of any funding indemnification amounts required by Section 3.4.
 
3.4.  Funding Indemnification. If any payment of a Eurodollar Advance or a Fixed
Rate Loan occurs on a date which is not the last day of the applicable Interest
Period, whether because of acceleration, prepayment or otherwise, or a
Eurodollar Advance is not made or continued, a Fixed Rate Loan is not made or a
Floating Rate Advance is not converted into a Eurodollar Advance, on the date
specified by the applicable Borrower for any reason other than default by the
Lenders, or a Eurodollar Advance or Fixed Rate Loan is not prepaid on the date
specified by such Borrower for any reason, such Borrower will indemnify each
Lender for any loss or cost incurred by it resulting therefrom, including,
without limitation, any loss or cost in liquidating or employing deposits
acquired to fund or maintain such Eurodollar Advance or Fixed Rate Loan.
 
3.5.  Taxes.
 

(i)  
All payments by any Borrower to or for the account of any Lender or the Agent
hereunder or under any Note shall be made free and clear of and without
deduction for any and all Taxes. If a Borrower shall be required by law to
deduct any Taxes from or in respect of any sum payable hereunder by such
Borrower to any Lender or the Agent, (a) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section 3.5) such Lender or the
Agent (as the case may be) receives an amount equal to the sum it would have
received had no such deductions been made, (b) such Borrower shall make such
deductions, (c) such Borrower shall pay the full amount deducted to the relevant
authority in accordance with applicable law and (d) such Borrower shall furnish
to the Agent the original copy of a receipt evidencing payment thereof or, if a
receipt cannot be obtained with reasonable efforts, such other evidence of
payment as is reasonably acceptable to the Agent, in each case within 30 days
after such payment is made.

 

(ii) 
In addition, the Borrowers severally agree to pay any present or future stamp or
documentary taxes and any other excise or property taxes, charges or similar
levies which arise from any payment made hereunder or under any Note or from

 
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the execution or delivery of, or otherwise with respect to, this Agreement or
any Note (“Other Taxes”).
 

(iii) 
The Borrowers shall indemnify the Agent and each Lender for the full amount of
Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes
imposed on amounts payable under this Section 3.5) paid by the Agent or such
Lender and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto. Payments due under this indemnification shall
be made within 30 days of the date the Agent or such Lender makes demand
therefor pursuant to Section 3.6.

 

(iv)  
Each Lender that is not incorporated under the laws of the United States of
America or a state thereof (each a “Non-U.S. Lender”) agrees that it will, not
more than ten Business Days after the date on which it becomes a party to this
Agreement (but in any event before a payment is due to it hereunder), (i)
deliver to the Company and the Agent two duly completed copies of United States
Internal Revenue Service Form W-8BEN or W-8ECI, certifying in either case that
such Lender is entitled to receive payments under this Agreement without
deduction or withholding of any United States federal income taxes, or (ii) in
the case of a Non-U.S. Lender that is fiscally transparent, deliver to the Agent
a United States Internal Revenue Form W-8IMY together with the applicable
accompanying forms, W-8 or W-9, as the case may be, and certify that it is
entitled to an exemption from United States withholding tax. Each Non-U.S.
Lender further undertakes to deliver to each of the Borrowers and the Agent (x)
renewals or additional copies of such form (or any successor form) on or before
the date that such form expires or becomes obsolete, and (y) after the
occurrence of any event requiring a change in the most recent forms so delivered
by it, such additional forms or amendments thereto as may be reasonably
requested by the Borrowers or the Agent. All forms or amendments described in
the preceding sentence shall certify that such Lender is entitled to receive
payments under this Agreement without deduction or withholding of any United
States federal income taxes, unless an event (including without limitation any
change in treaty, law or regulation) has occurred prior to the date on which any
such delivery would otherwise be required which renders all such forms
inapplicable or which would prevent such Lender from duly completing and
delivering any such form or amendment with respect to it and such Lender advises
the Borrowers and the Agent that it is not capable of receiving payments without
any deduction or withholding of United States federal income tax.

 

(v)  
For any period during which a Non-U.S. Lender has failed to provide any Borrower
with an appropriate form pursuant to clause (iv) above (unless such failure is
due to a change in treaty, law or regulation, or any change in the
interpretation or administration thereof by any governmental authority,
occurring subsequent to the date on which such Non-U.S. Lender became a party to
this Agreement), such Non-U.S. Lender shall not be entitled to indemnification
under this Section 3.5 with respect to Taxes imposed by the United States;
provided that, should a Non-U.S. Lender which is otherwise exempt from or
subject to a

 
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reduced rate of withholding tax become subject to Taxes because of its failure
to deliver a form required under clause (iv) above, each Borrower shall take
such steps as such Non-U.S. Lender shall reasonably request to assist such
Non-U.S. Lender to recover such Taxes.
 

(vi)  
Any Lender that is entitled to an exemption from or reduction of withholding tax
with respect to payments under this Agreement or any Note pursuant to the law of
any relevant jurisdiction or any treaty shall deliver to the Company (with a
copy to the Agent), at the time or times prescribed by applicable law, such
properly completed and executed documentation prescribed by applicable law as
will permit such payments to be made without withholding or at a reduced rate.

 

(vii) 
If the U.S. Internal Revenue Service or any other governmental authority of the
United States or any other country or any political subdivision thereof asserts
a claim that the Agent did not properly withhold tax from amounts paid to or for
the account of any Lender (because the appropriate form was not delivered or
properly completed, because such Lender failed to notify the Agent of a change
in circumstances which rendered its exemption from withholding ineffective, or
for any other reason), such Lender shall indemnify the Agent fully for all
amounts paid, directly or indirectly, by the Agent as tax, withholding therefor,
or otherwise, including penalties and interest, and including taxes imposed by
any jurisdiction on amounts payable to the Agent under this subsection, together
with all reasonable costs and expenses related thereto (including attorneys’
fees and time charges of attorneys for the Agent, which attorneys may be
employees of the Agent). The obligations of the Lenders under this Section
3.5(vii) shall survive the payment of the Obligations and termination of this
Agreement.

 
3.6.  Lender Statements; Survival of Indemnity. Each Lender shall deliver a
written statement of such Lender to the applicable Borrower (with a copy to the
Agent and the Company) as to the amount due, if any, under Section 3.1, 3.2, 3.4
or 3.5. Such written statement shall set forth in reasonable detail the
calculations upon which such Lender determined such amount and shall be final,
conclusive and binding on such Borrower in the absence of manifest error, and
upon reasonable request of such Borrower, such Lender shall promptly provide
supporting documentation describing and/or evidence of the applicable event
giving rise to such amount to the extent not inconsistent with such Lender’s
policies or applicable law. Determination of amounts payable under such Sections
in connection with a Eurodollar Loan shall be calculated as though each Lender
funded its Eurodollar Loan through the purchase of a deposit of the type,
currency and maturity corresponding to the deposit used as a reference in
determining the Eurodollar Rate applicable to such Loan, whether in fact that is
the case or not. Unless otherwise provided herein, the amount specified in the
written statement of any Lender shall be payable on demand after receipt by the
applicable Borrower of such written statement. The obligations of each Borrower
under Sections 3.1, 3.2, 3.4 and 3.5 shall survive payment of the Obligations
and termination of this Agreement.
 
3.7.  Alternative Lending Installation. To the extent reasonably possible, each
Lender shall designate an alternate Lending Installation with respect to its
Eurodollar Loans to reduce any liability of the Borrowers to such Lender under
Sections 3.1, 3.2 and 3.5 or to avoid the
 
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unavailability of Eurodollar Advances under Section 3.3, so long as such
designation is not, in the judgment of such Lender, disadvantageous to such
Lender. A Lender’s designation of an alternative Lending Installation shall not
affect the Borrowers’ rights under Section 2.22 to replace a Lender.
 
3.8.  Allocation of Amounts Payable Among Borrowers. Each amount payable by “the
Borrowers” under this Article shall be an obligation of, and shall be discharged
(a) to the extent arising out of acts, events and circumstances related to a
particular Borrower, by such Borrower and (b) otherwise, by all the Borrowers,
with each Borrower being severally liable for such Borrower’s Contribution
Percentage of such amount, provided that in consideration of the availability,
on the terms set forth herein, of the entire amount of the Commitments in the
form of borrowings by and Letters of Credit issued for the account of the
Company, the Company agrees that, if one or more of the Borrowing Subsidiaries
shall fail to pay any amount owed by it under clause (b) of this Section after a
demand shall have been made by the Person to which such amount is owed, the
Company shall promptly pay such amount (the Company hereby irrevocably waiving
any defenses that might otherwise be available to it as a guarantor of the
obligations of any Borrowing Subsidiary under this Section).
 
ARTICLE IV  
 
CONDITIONS PRECEDENT
 
4.1.  Amendment Effective Date. This amendment and restatement of the Original
Credit Agreement shall become effective upon (i) the receipt by the Agent of
written approval of this amendment and restatement of the Required Lenders under
the Original Credit Agreement and (ii) the satisfaction of the following
conditions precedent and the delivery by the Borrowers to the Agent of the items
specified below:
 
4.1.1   Copies of the articles or certificate of incorporation of each Borrower,
together with all amendments thereto, certified by the secretary or an assistant
secretary of such Borrower, and a certificate of good standing with respect to
each Borrower from the appropriate governmental officer in its jurisdiction of
incorporation.
 
4.1.2   Copies, certified by the Secretary or Assistant Secretary of each
Borrower, of its by-laws and of its Board of Directors’ resolutions and of
resolutions or actions of any other body authorizing the execution of the Loan
Documents to which such Borrower is a party.
 
4.1.3   An incumbency certificate, executed by the Secretary or Assistant
Secretary of each Borrower, which shall identify by name and title and bear the
signatures of the Authorized Officers and any other officers of such Borrower
authorized to sign the Loan Documents to which such Borrower is a party, upon
which certificate the Agent and the Lenders shall be entitled to rely until
informed of any change in writing by such Borrower.
 
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4.1.4   A certificate, signed by the Chairman, Chief Executive Officer,
President, Executive Vice President, Chief Financial Officer, any Senior Vice
President, any Vice President or the Treasurer of each Borrower, stating that on
the Amendment Effective Date (a) no Default or Unmatured Default has occurred
and is continuing, (b) all of the representations and warranties in Article V
shall be true and correct in all material respects as of such date except to the
extent any such representation or warranty is stated to relate solely to an
earlier date, in which case such representation or warranty shall have been true
and correct on and as of such earlier date and (c) the condition set forth in
Section 4.1.9 below has been or is simultaneously being satisfied.
 
4.1.5   Written opinions of the Borrowers’ counsel, in form and substance
satisfactory to the Agent and addressed to the Lenders, in substantially the
form of Exhibits A.1 and A.2.
 
4.1.6   Delivery of copies of the required regulatory authorizations identified
on Schedule 4.
 
4.1.7   Any Notes requested by Lenders pursuant to Section 2.16 payable to the
order of each such requesting Lender.
 
4.1.8   Written money transfer instructions, in substantially the form of
Exhibit D, addressed to the Agent and signed by an Authorized Officer, together
with such other related money transfer authorizations as the Agent may have
reasonably requested.
 
4.1.9   Evidence satisfactory to the Agent that (i) the Existing Amended
Five-Year Credit Agreement shall have been or shall simultaneously with the
effectiveness of this Agreement on the Amendment Effective Date be terminated
(except for those provisions that expressly survive the termination thereof),
and all loans and letters of credit outstanding, if any, and other amounts owed
to the lenders or agents thereunder shall have been, or shall simultaneously
with the effectiveness of this Agreement be, paid or terminated in full, and
(ii) the Illinois Agreement shall have been executed by the parties thereto.
 
4.1.10   All documentation and other information that any Lender shall
reasonably have requested in order to comply with its ongoing obligations under
applicable “know your customer” and anti-money laundering rules and regulations,
including the USA Patriot Act.
 
4.1.11   Such other documents as any Lender or its counsel may have reasonably
requested.
 
4.2.  Each Credit Extension. The Lenders and the Issuing Banks shall not be
required to make any Credit Extension unless on the applicable Credit Extension
Date:
 
4.2.1   There exists no Default or Unmatured Default.
 
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4.2.2   The representations and warranties contained in Article V are true and
correct as of such Credit Extension Date except to the extent any such
representation or warranty is stated to relate solely to an earlier date, in
which case such representation or warranty shall have been true and correct on
and as of such earlier date.
 
4.2.3   All legal matters incident to the making of such Advance shall be
satisfactory to the Lenders and their counsel.
 
4.2.4   (a) In the case of any Credit Extension to the Company or IP which would
(i) be made after June 30, 2007, (ii) cause the aggregate principal amount of
short-term indebtedness for borrowed money of the Company or IP, as the case may
be, to exceed $1,500,000,000 or $500,000,000, respectively or (iii) cause the
aggregate principal amount of issuances and sales by the Company of capital
stock, preferred stock, the other securities specified in the SEC order referred
to in Section 5.18 and long-term indebtedness for borrowed money to exceed
$2,500,000,000, then, unless such authorization is no longer required by
applicable laws and regulations (and the Agent shall have received confirmation
thereof reasonably satisfactory to it), such Credit Extension shall have been
duly authorized by an order of the SEC under the 1935 Act (or of any
governmental agency that may succeed to the authority of the SEC under the 1935
Act) and the Agent shall have received a true and complete copy of such order
authorizing such Credit Extension.
 
(b)   In the case of any Credit Extension to Union Electric, CIPS or CILCO which
would (i) be made after March 31, 2006 or (ii) cause the aggregate principal
amount of short-term indebtedness for borrowed money of Union Electric, CIPS or
CILCO, as the case may be, to exceed $1,000,000,000, $250,000,000 or
$250,000,000, respectively, then, unless such authorization is no longer
required by applicable laws and regulations (and the Agent shall have received
confirmation thereof reasonably satisfactory to it), such Credit Extension shall
have been duly authorized by an order of the SEC under the 1935 Act (or of any
governmental agency that may succeed to the authority of the SEC under the 1935
Act) and the Agent shall have received a true and complete copy of such order
authorizing such Credit Extension.
 
(c)   In the case of any Credit Extension to Genco which would (i) be made after
June 22, 2006 or (ii) cause the aggregate principal amount of short-term
indebtedness for borrowed money of Genco to exceed $300,000,000, then, unless
such authorization is no longer required by applicable laws and regulations (and
the Agent shall have received confirmation thereof reasonably satisfactory to
it), such Credit Extension shall have been duly authorized by an order of the
FERC (or of any governmental agency that may succeed to the authority of the
FERC) and the Agent shall have received a true and complete copy of such order
authorizing such Credit Extension.
 
Each Borrowing Notice or request for the issuance of a Letter of Credit with
respect to each such Credit Extension shall constitute a representation and
warranty by the applicable Borrower that the conditions contained in Sections
4.2.1, 4.2.2, 4.2.3 and 4.2.4 have been
 
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satisfied. Any Lender or Issuing Bank may require a duly completed compliance
certificate in substantially the form of Exhibit B as a condition to making a
Credit Extension.
 
ARTICLE V  
 
REPRESENTATIONS AND WARRANTIES
 
Each Borrower represents and warrants to each Lender, each Issuing Bank and the
Agent, as to such Borrower and, as applicable, its Subsidiaries, as of each of
(i) the Amendment Effective Date and (ii) each date as of which such Borrower is
deemed to make the representations and warranties set forth in this Article
under Section 4.2:
 
5.1.  Existence and Standing. Such Borrower and each of its Subsidiaries (other
than any Project Finance Subsidiary or an SPC) is a corporation, partnership (in
the case of Subsidiaries only) or limited liability company duly and properly
incorporated or organized, as the case may be, validly existing and (to the
extent such concept applies to such entity) in good standing under the laws of
its jurisdiction of incorporation or organization and has all requisite
authority to conduct its business in each jurisdiction in which its business is
conducted.
 
5.2.  Authorization and Validity. Such Borrower has the power and authority and
legal right to execute and deliver the Loan Documents and to perform its
obligations thereunder. The execution and delivery by such Borrower of the Loan
Documents and the performance of its obligations thereunder have been duly
authorized by proper proceedings, and the Loan Documents to which such Borrower
is a party constitute legal, valid and binding obligations of such Borrower
enforceable against such Borrower in accordance with their terms, except as
enforceability may be limited by (i) bankruptcy, insolvency, fraudulent
conveyance, reorganization or similar laws relating to or affecting the
enforcement of creditors’ rights generally; (ii) general equitable principles
(whether considered in a proceeding in equity or at law) and (iii) requirements
of reasonableness, good faith and fair dealing.
 
5.3.  No Conflict; Government Consent. Neither the execution and delivery by
such Borrower of the Loan Documents, nor the consummation of the transactions
therein contemplated, nor compliance with the provisions thereof will violate
(i) any law, rule, regulation, order, writ, judgment, injunction, decree or
award binding on such Borrower or any of its Subsidiaries or (ii) such
Borrower’s or any Subsidiary’s articles or certificate of incorporation,
partnership agreement, certificate of partnership, articles or certificate of
organization, by-laws, or operating agreement or other management agreement, as
the case may be, or (iii) the provisions of any indenture, any material
instrument or any material agreement to which such Borrower or any of its
Subsidiaries is a party or is subject, or by which it, or its Property, is
bound, or conflict with, or constitute a default under, or result in, or
require, the creation or imposition of any Lien in, of or on the Property of
such Borrower or a Subsidiary pursuant to the terms of, any such indenture,
instrument or agreement. No order, consent, adjudication, approval, license,
authorization, or validation of, or filing, recording or registration with, or
exemption by, or other action in respect of any governmental or public body or
authority, or any subdivision thereof, which has not been obtained by such
Borrower or any of its Subsidiaries, is required to be obtained by such Borrower
or any of its Subsidiaries in connection with the execution and delivery of the
Loan Documents, the borrowings and issuances of Letters
 
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of Credit under this Agreement, the payment and performance by such Borrower of
the Obligations or the legality, validity, binding effect or enforceability of
any of the Loan Documents.
 
5.4.  Financial Statements. The December 31, 2005, consolidated financial
statements of such Borrower, audited by PricewaterhouseCoopers LLP, for the
fiscal year ended December 31, 2005, and the unaudited consolidated balance
sheet of such Borrower as of March 31, 2006, and the related unaudited statement
of income and statement of cash flows for the three-month period then ended,
copies of which have been furnished to each Lender, fairly present in all
material respects (subject in the case of such balance sheet and statement of
income for the period ended March 31, 2006, to year-end adjustments) the
consolidated financial condition of such Borrower at such dates and the
consolidated results of the operations of such Borrower for the periods ended on
such dates, were prepared in accordance with generally accepted accounting
principles in effect on the dates such statements were prepared (except for the
absence of footnotes and subject to year end audit adjustments) and fairly
present the consolidated financial condition and operations of such Borrower at
such dates and the consolidated results of their operations for the periods then
ended.
 
5.5.  Material Adverse Change. As of the date of this Agreement, since
December 31, 2005, there has been no change in the business, Property, condition
(financial or otherwise) or results of operations of such Borrower and its
Subsidiaries (other than any Project Finance Subsidiary) which could reasonably
be expected to have a Material Adverse Effect (a “Material Adverse Change”) with
respect to such Borrower, except for the Disclosed Matters; provided, however,
that neither (i) any ratings downgrade applicable to the Indebtedness of any
Borrower or any of its Subsidiaries by Moody’s or S&P nor (ii) such Borrower’s
or any of its Subsidiaries’ inability to place commercial paper in the capital
markets, shall, in and of themselves, be deemed events constituting a Material
Adverse Change.
 
5.6.  Taxes. Such Borrower and its Subsidiaries have filed all United States
federal tax returns and all other material tax returns which are required to be
filed and have paid all taxes due pursuant to said returns or pursuant to any
assessment received by such Borrower or any of its Subsidiaries, except in
respect of such taxes, if any, as are being contested in good faith and as to
which adequate reserves have been provided in accordance with Agreement
Accounting Principles and as to which no Lien exists (except as permitted by
Section 6.13.2). The Internal Revenue Service has closed audits of the United
States federal income tax returns filed by Union Electric for all periods
through the calendar taxable year ending December 31, 1997 and by CIPSCO, Inc.
for all periods through the calendar taxable year ending December 31, 1997. The
Internal Revenue Service has not closed audits of the United States federal
income tax returns filed by any Borrower and its Subsidiaries for subsequent
periods. No claims have been, or are being, asserted with respect to such taxes
that could reasonably be expected to result in a Material Adverse Effect with
respect to such Borrower and no liens have been filed with respect to such
taxes. The charges, accruals and reserves on the books of such Borrower and its
Subsidiaries in respect of any taxes or other governmental charges are adequate.
 
5.7.  Litigation and Contingent Obligations. On the date of this Agreement,
other than the Disclosed Matters, there is no litigation, arbitration,
governmental investigation, proceeding or inquiry pending or, to the knowledge
of any of its officers, threatened against or affecting such
 
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Borrower or any of its Subsidiaries which could reasonably be expected to have a
Material Adverse Effect with respect to such Borrower or which seeks to prevent,
enjoin or delay the making of any Loans to such Borrower. On the date of this
Agreement, other than any liability incident to any litigation, arbitration or
proceeding which could not reasonably be expected to have a Material Adverse
Effect with respect to such Borrower, such Borrower has no material contingent
obligations not provided for or disclosed in the financial statements referred
to in Section 5.4.
 
5.8.  Subsidiaries. Schedule 1 contains an accurate list of all Subsidiaries of
such Borrower as of the date of this Agreement, setting forth their respective
jurisdictions of organization and the percentage of their respective capital
stock or other ownership interests owned by such Borrower or other Subsidiaries
of such Borrower. All the issued and outstanding shares of capital stock or
other ownership interests of such Subsidiaries have been (to the extent such
concepts are relevant with respect to such ownership interests) duly authorized
and issued and are fully paid and non-assessable.
 
5.9.  ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other ERISA Events that have occurred or are
reasonably expected to occur, could reasonably be expected to result in a
Material Adverse Effect with respect to such Borrower.
 
5.10.  Accuracy of Information. The information, exhibits or reports with
respect to such Borrower furnished to the Agent or to any Lender in connection
with the negotiation of, or compliance with, the Loan Documents as of the date
furnished do not contain any material misstatement of fact or omit to state a
material fact or any fact necessary to make the statements contained therein not
misleading.
 
5.11.  Regulation U. Neither such Borrower nor any of its Subsidiaries is
engaged principally, or as one of its important activities, in the business of
extending credit for the purpose, whether immediate, incidental or ultimate, of
buying or carrying margin stock (as defined in Regulation U), and after applying
the proceeds of each Advance, margin stock (as defined in Regulation U) will
constitute less than 25% of the value of those assets of such Borrower and its
Subsidiaries that are subject to any limitation on sale, pledge, or any other
restriction hereunder.
 
5.12.  Material Agreements. Neither such Borrower nor any of its Subsidiaries is
a party to any agreement or instrument or subject to any charter or other
corporate restriction which could reasonably be expected to have a Material
Adverse Effect with respect to such Borrower as described in clauses (ii) and/or
(iii) of the definition thereof. Neither such Borrower nor any of its
Subsidiaries is in default in the performance, observance or fulfillment of any
of the obligations, covenants or conditions contained in (i) any agreement or
instrument to which it is a party, which default could reasonably be expected to
have a Material Adverse Effect with respect to such Borrower or (ii) any
agreement or instrument evidencing or governing Indebtedness, which default
could be reasonably expected to have a Material Adverse Effect with respect to
such Borrower.
 
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5.13.  Compliance With Laws. Except for the Disclosed Matters, such Borrower and
its Subsidiaries have complied with all applicable statutes, rules, regulations,
orders and restrictions of any domestic or foreign government or any
instrumentality or agency thereof having jurisdiction over the conduct of their
respective businesses or the ownership of their respective Property,
non-compliance with which could reasonably be expected to result in a Material
Adverse Effect with respect to such Borrower.
 
5.14.  Ownership of Properties. On the date of this Agreement, such Borrower and
its Subsidiaries have good title (except for minor defects in title that do not
interfere with their ability to conduct their business as currently conducted or
to utilize such properties for the intended purposes), free of all Liens other
than those permitted by Section 6.13, to all of the assets material to such
Borrower’s business reflected in such Borrower’s most recent consolidated
financial statements provided to the Agent, as owned by such Borrower and its
Subsidiaries.
 
5.15.  Plan Assets; Prohibited Transactions. Such Borrower is not an entity
deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an
employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to
Title I of ERISA or any plan (within the meaning of Section 4975 of the Code),
and assuming the accuracy of the representations and warranties made in Section
9.12 and in any assignment made pursuant to Section 12.3.3, neither the
execution of this Agreement nor the making of Loans hereunder gives rise to a
prohibited transaction within the meaning of Section 406 of ERISA or Section
4975 of the Code.
 
5.16.  Environmental Matters. In the ordinary course of its business, the
officers of such Borrower consider the effect of Environmental Laws on the
business of such Borrower and its Subsidiaries, in the course of which they
identify and evaluate potential risks and liabilities accruing to such Borrower
due to Environmental Laws. On the basis of this consideration, such Borrower has
concluded that, other than the Disclosed Matters, Environmental Laws cannot
reasonably be expected to have a Material Adverse Effect with respect to such
Borrower. Except for the Disclosed Matters, and except with respect to any other
matters that, individually or in the aggregate, could not reasonably be expected
to result in a Material Adverse Effect with respect to such Borrower, neither
such Borrower nor any Subsidiary has received any notice to the effect that its
operations are not in material compliance with any of the requirements of
applicable Environmental Laws or are the subject of any federal or state
investigation evaluating whether any remedial action is needed to respond to a
release of any toxic or hazardous waste or substance into the environment.
 
5.17.  Investment Company Act. Neither such Borrower nor any Subsidiary of such
Borrower is an “investment company” or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended.
 
5.18.  Federal Energy Regulatory Commission. The Company is a “holding company”
and each Borrowing Subsidiary is a “public utility”, as such terms are defined
in the 2005 Act. The FERC, in accordance with the Federal Power Act, has (i)
granted blanket authorization to IP to issue securities and assume liabilities,
including borrowing under this Agreement, and (ii) issued an order authorizing
the incurrence of short-term indebtedness by each of the other Borrowing
Subsidiaries in an aggregate principal amount outstanding not to exceed its FERC
 
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Limit, subject to, among other things, the condition that all such indebtedness
be issued on or before March 31, 2008. Unless such authorization is no longer
required by applicable laws and regulations (and the Agent shall have received
confirmation thereof reasonably satisfactory to it), additional authorization
from the FERC (or any governmental agency that succeeds to the authority of the
FERC) will be necessary for each of the Borrowing Subsidiaries (other than IP)
to obtain any Advances under this Agreement or to incur or issue short-term
indebtedness, including without limitation Loans extended under this Agreement
after March 31, 2008. Except for the aforesaid orders of the FERC (as listed on
Schedule 4 hereto), on the Amendment Effective Date no regulatory
authorizations, approvals, consents, registrations, declarations or filings are
required in connection with the borrowings by, and issuances of Letters of
Credit for the account of, the Company or any Borrowing Subsidiary hereunder or
the performance by each of Company and the Borrowing Subsidiaries of its
Obligations.
 
5.19.  Insurance. Such Borrower maintains, and has caused each of its
Subsidiaries to maintain, with financially sound and reputable insurance
companies insurance on all its Property in such amounts, subject to such
deductibles and self-insurance retentions and covering such properties and risks
as are consistent with sound business practice.
 
5.20.  No Default or Unmatured Default. No Default or Unmatured Default has
occurred and is continuing with respect to such Borrower.
 
ARTICLE VI 
 
COVENANTS
 
During the term of this Agreement, unless the Required Lenders shall otherwise
consent in writing:
 
6.1.  Financial Reporting. Each Borrower will maintain, for itself and each of
its subsidiaries, a system of accounting established and administered in
accordance with generally accepted accounting principles, and furnish to the
Agent, and the Agent shall promptly deliver to each of the Lenders (it being
agreed that the obligation of any Borrower to furnish the consolidated financial
statements referred to in paragraphs 6.1.1 and 6.1.2 below may be satisfied by
the delivery of annual and quarterly reports from such Borrower to the SEC on
Forms 10-K and 10-Q containing such statements):
 
6.1.1   Within 90 days after the close of each fiscal year, such Borrower’s
audited financial statements prepared in accordance with Agreement Accounting
Principles on a consolidated basis, including balance sheets as of the end of
such period, statements of income and statements of cash flows, accompanied by
(a) an audit report, unqualified as to scope, of a nationally recognized firm of
independent public accountants; (b) any management letter prepared by said
accountants, and (c) a certificate of said accountants that, in the course of
their audit of the foregoing, they have obtained no knowledge that such Borrower
failed to comply with certain terms, covenants and provisions of this Agreement
as they relate to accounting matters, or, if in the opinion of such accountants
any such failure shall have
 
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occurred, stating the nature and status thereof. In addition, at any time that
any of CIPS, CILCO, CILCORP or IP is not a Borrower, the Company shall deliver
the financial statements and any items referred to under clauses (a) and (b)
that would have been required to be delivered by it under this Section 6.1.1 if
it were a Borrower at such time.
 
6.1.2   Within 45 days after the close of the first three quarterly periods of
each of its fiscal years, such Borrower’s consolidated unaudited balance sheets
as at the close of each such period and consolidated statements of income and a
statement of cash flows for the period from the beginning of such fiscal year to
the end of such quarter, all certified as to fairness of presentation,
compliance with Agreement Accounting Principles and consistency by its chief
financial officer, controller or treasurer. In addition, at any time that any of
CIPS, CILCO, CILCORP or IP is not a Borrower, the Company shall deliver the
financial statements and the certification of the chief financial officer,
controller or treasurer of the Company that would have been required to be
delivered by it under this Section 6.1.2 if it were a Borrower at such time.
 
6.1.3   Together with the financial statements required under Sections 6.1.1 and
6.1.2, a compliance certificate in substantially the form of Exhibit B signed by
such Borrower’s chief financial officer, controller or treasurer showing the
calculations necessary to determine compliance with this Agreement and stating
that no Default or Unmatured Default with respect to such Borrower exists, or if
any such Default or Unmatured Default exists, stating the nature and status
thereof.
 
6.1.4   As soon as possible and in any event within 10 days after such Borrower
knows that any ERISA Event has occurred that, alone or together with any other
ERISA Events that have occurred, could reasonably be expected to result in
liability of such Borrower, its Subsidiaries or any Commonly Controlled Entity
in an aggregate amount exceeding $25,000,000, a statement, signed by the chief
financial officer, controller or treasurer of such Borrower, describing said
ERISA Event and the action which such Borrower proposes to take with respect
thereto.
 
6.1.5   As soon as possible and in any event within 10 days after receipt by
such Borrower, a copy of (a) any notice or claim to the effect that such
Borrower or any of its Subsidiaries is or may be liable to any Person as a
result of the release by such Borrower, any of its Subsidiaries, or any other
Person of any toxic or hazardous waste or substance into the environment, and
(b) any notice alleging any violation of any federal, state or local
environmental, health or safety law or regulation by such Borrower or any of its
Subsidiaries, which, in either case, could reasonably be expected to have a
Material Adverse Effect with respect to such Borrower.
 
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6.1.6   Promptly upon becoming aware thereof, notice of any upgrading or
downgrading of the rating of such Borrower’s senior unsecured debt, commercial
paper or First Mortgage Bonds by Moody’s or S&P.
 
6.1.7   Such other information (including non-financial information) as the
Agent or any Lender may from time to time reasonably request.
 
6.2.  Use of Proceeds and Letters of Credit. Each Borrower will, and will cause
each of its Subsidiaries to, use the proceeds of the Advances for general
corporate purposes, including without limitation, for working capital,
commercial paper liquidity support with respect to commercial paper issued by
such Borrower or its Subsidiaries, to fund loans under and pursuant to the Money
Pool Agreements, and to pay fees and expenses incurred in connection with this
Agreement. Each Borrower shall use the proceeds of Advances in compliance with
all applicable legal and regulatory requirements and any such use shall not
result in a violation of any such requirements, including, without limitation,
Regulation U and Regulation X, the Securities Act of 1933, as amended, and the
Securities Exchange Act of 1934, as amended, and the regulations promulgated
thereunder. Each Borrower shall use the Letters of Credit for general corporate
purposes.
 
6.3.  Notice of Default. Within five (5) Business Days after an Authorized
Officer of any Borrower becomes aware thereof, such Borrower will, and will
cause each Subsidiary to, give notice in writing to the Lenders of the
occurrence of any Default or Unmatured Default and, unless otherwise reported to
the SEC in such Borrower’s filings under the Securities Exchange Act of 1934, of
any other development, financial or otherwise, which could reasonably be
expected to have a Material Adverse Effect with respect to such Borrower.
 
6.4.  Conduct of Business. Each Borrower will, and will cause each of its
Subsidiaries to, carry on and conduct its business in substantially the same
manner and in substantially the same fields of enterprise in which it is
presently conducted or in a manner or fields of enterprise reasonably related
thereto and do all things necessary to remain duly incorporated or organized,
validly existing and (to the extent such concept applies to such entity) in good
standing as a domestic corporation, partnership or limited liability company in
its jurisdiction of incorporation or organization, as the case may be, and
maintain all requisite authority to conduct its business in each jurisdiction in
which its business is conducted. Notwithstanding the foregoing, no Borrower
shall be prohibited from dissolving any Inactive Subsidiary or from the sale of
any Subsidiary or assets pursuant to governmental or regulatory order or
pursuant to Section 6.11.
 
6.5.  Taxes. Each Borrower will, and will cause each of its Subsidiaries to,
timely file complete and correct United States federal and applicable foreign,
state and local tax returns required by law and pay when due all taxes,
assessments and governmental charges and levies upon it or its income, profits
or Property, except those which are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves have been recorded in
accordance with Agreement Accounting Principles.
 
6.6.  Insurance. Each Borrower will, and will cause each of its Subsidiaries to,
maintain with financially sound and reputable insurance companies insurance on
all its Property in such amounts, subject to such deductibles and self-insurance
retentions, and covering such
 
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risks as is consistent with sound business practice, and such Borrower will
furnish to any Lender upon request full information as to the insurance carried.
 
6.7.  Compliance with Laws; Federal Energy Regulatory Commission Authorization.
(a) Each Borrower will, and will cause each of its Subsidiaries to, comply with
all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or
awards to which it may be subject including, without limitation, all
Environmental Laws, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse
Effect with respect to such Borrower.
 
(b)   Each Borrower further agrees not to request any Advance or permit any Loan
to remain outstanding hereunder in violation of the FERC authorization described
in Section 5.18 or any conditions thereof, as in effect from time to time.
 
6.8.  Maintenance of Properties. Subject to Section 6.11, each Borrower will,
and will cause each of its Subsidiaries to, do all things necessary to maintain,
preserve, protect and keep its Property used in the operation of its business in
good repair, working order and condition (ordinary wear and tear excepted), and
make all necessary and proper repairs, renewals and replacements so that its
business carried on in connection therewith may be properly conducted at all
times.
 
6.9.  Inspection; Keeping of Books and Records. Each Borrower will, and will
cause each of its Subsidiaries to, permit the Agent and the Lenders, by their
respective representatives and agents, to inspect any of the Property, books and
financial records of such Borrower and each of its Subsidiaries, to examine and
make copies of the books of accounts and other financial records of such
Borrower and each of its Subsidiaries, and to discuss the affairs, finances and
accounts of such Borrower and each of its Subsidiaries with, and to be advised
as to the same by, their respective officers at such reasonable times and
intervals as the Agent or any Lender may designate. Each Borrower shall keep and
maintain, and cause each of its Subsidiaries to keep and maintain, in all
material respects, proper books of record and account in which entries in
conformity with Agreement Accounting Principles shall be made of all dealings
and transactions in relation to their respective businesses and activities. If a
Default with respect to a Borrower has occurred and is continuing, such
Borrower, upon the Agent’s request, shall turn over copies of any such records
to the Agent or its representatives.
 
6.10.  Merger. Each Borrower will not, nor will it permit any of its
Subsidiaries to, merge or consolidate with or into any other Person, except (i)
any Subsidiary other than a Borrowing Subsidiary may merge or consolidate with a
Borrower if such Borrower is the corporation surviving such merger, (ii) any
Borrowing Subsidiary may merge or consolidate with the Company if the Company is
the corporation surviving such merger, (iii) any Subsidiary other than a
Borrowing Subsidiary may merge or consolidate with any other Subsidiary,
provided that each Borrower’s aggregate direct and indirect ownership interest
in the survivor thereof shall not be less than such Borrower’s direct and
indirect ownership interest in either of such Subsidiaries prior to such merger,
and (iv) any Borrower or any Subsidiary may merge or consolidate with any Person
other than a Borrower or a Subsidiary if (a) such Person was organized under the
laws of the United States of America or one of its States and (b) such Borrower
or such
 
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Subsidiary is the corporation surviving such merger; provided that, in each
case, after giving effect thereto, no Default with respect to such Borrower will
be in existence.
 
6.11.  Dispositions of Assets. No Borrower will, or will permit any of its
Subsidiaries to, lease, sell or otherwise dispose of its Property to any other
Person, including any of its Subsidiaries, whether existing on the date hereof
or hereafter created, except:
 
6.11.1   Sales of electricity, natural gas, emissions credits and other
commodities in the ordinary course of business.
 
6.11.2   A disposition of assets by a Subsidiary of such Borrower (other than a
Subsidiary of such Borrower that is itself a Borrowing Subsidiary) to such
Borrower or another Subsidiary of such Borrower.
 
6.11.3   A disposition by a Borrowing Subsidiary, or any of its Subsidiaries, to
one of its Subsidiaries of Property received by such Borrowing Subsidiary or
Subsidiary after the date hereof from the Company or another Subsidiary (other
than a Borrowing Subsidiary) specifically for transfer to the Subsidiary of such
Borrowing Subsidiary.
 
6.11.4   The payment of cash dividends by the Company or any Subsidiary to
holders of its equity interests.
 
6.11.5   Advances of cash in the ordinary course of business pursuant to the
Money Pool Agreements or other intercompany borrowing arrangements with terms
substantially similar to the Money Pool Agreements.
 
6.11.6   A disposition of obsolete property or property no longer used in the
business of such Borrower or its Subsidiaries.
 
6.11.7   The transfer pursuant to a requirement of law or any regulatory
authority having jurisdiction, of functional and/or operational control of (but
not of title to) transmission facilities of such Borrower or its Subsidiaries to
an Independent System Operator, Regional Transmission Organization or to some
other entity which has responsibility for operating and planning a regional
transmission system.
 
6.11.8   Dispositions pursuant to Leveraged Lease Sales.
 
6.11.9   In the case of Genco, direct loans to its railroad subsidiary up to a
maximum of $25,000,000 outstanding at any time.
 
6.11.10   Leases, sales or other dispositions by such Borrower or any of its
Subsidiaries of its Property that, together with all other Property of such
Borrower and its Subsidiaries previously leased, sold or disposed of (other than
dispositions otherwise permitted by other provisions of this Section 6.11) since
the Closing Date, do not constitute Property which represents more than fifteen
percent (15%) of the Consolidated Tangible Assets of such Borrower
 
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as would be shown in the consolidated financial statements of such Borrower and
its Subsidiaries as at the end of the fiscal year ending immediately prior to
the date of any such lease, sale or other disposition.
 
6.11.11   Contributions, directly or indirectly, of capital, in the form of
either debt or equity, by the Company or any Subsidiary to any Subsidiary of the
Company.
 
6.11.12   Transactions under which the Borrower, or its Subsidiary, that
disposes of its Property receives in return consideration (i) in a form other
than equity, other ownership interests or indebtedness and (ii) of which at
least 75% is cash and/or assumption of debt; provided that any such cash
consideration so received, unless retained by such Borrower or its Subsidiary at
all times prior to the repayment of all Obligations under this Agreement, shall
be used (x) within twelve months of the receipt thereof for investment or
reinvestment by such Borrower or its Subsidiary in its existing business or (y) 
within six months of the receipt thereof to reduce Indebtedness of such Borrower
or its Subsidiary, and provided further that after taking into account the
assets disposed of by such Borrower and its Subsidiaries in the aggregate and
any investment or reinvestment of the proceeds thereof in the business of such
Borrower and its Subsidiaries, no such transaction shall result in such Borrower
and its Subsidiaries as a whole having disposed of all or substantially all of
their assets.
 
6.11.13   Transfers of Receivables (and rights ancillary thereto) pursuant to,
and in accordance with the terms of, a Permitted Securitization.
 
6.11.14   Disposition, directly or indirectly, by Ameren Illinois Transmission
Company of electric transmission facilities, and any and all property, plant and
equipment and property rights and interests related thereto, acquired after the
Closing Date, in exchange for cash and/or assumption of debt; provided that any
such cash consideration so received, unless retained by Ameren Illinois
Transmission Company at all times prior to the repayment of all Obligations
under this Agreement, shall be used within twelve months of the receipt thereof
(x) for investment or reinvestment by Ameren Illinois Transmission Company in
its existing business, (y) to reduce Indebtedness of Ameren Illinois
Transmission Company or (z) to pay a dividend or return of capital to the
Company.
 
6.12.  Indebtedness of Project Finance Subsidiaries, Investments in Project
Finance Subsidiaries and Other Investments; Acquisitions.
 
6.12.1   Neither any Borrower nor any of its Subsidiaries shall be directly or
indirectly, primarily or secondarily, liable for any Indebtedness or any other
form of liability, whether direct, contingent or otherwise, of a Project Finance
Subsidiary nor shall any Borrower or any of its Subsidiaries provide any
guarantee of the Indebtedness, liabilities or other obligations of a
 
 
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Project Finance Subsidiary. Each Borrower will not, nor will it permit any of
its Subsidiaries to, make or suffer to exist Investments in Project Finance
Subsidiaries in excess of $100,000,000 in the aggregate for all the Borrowers
and Subsidiaries at any time. Each Borrower will not, nor will it permit any of
its Subsidiaries to, consummate any Acquisition other than an Acquisition
(a) which is consummated on a non-hostile basis approved by a majority of the
board of directors or other governing body of the Person being acquired and (b)
which involves the purchase of a business line similar, related, complementary
or incidental to that of such Borrower and its Subsidiaries as of the Closing
Date unless the purchase price therefor is less than or equal to (i) $10,000,000
with respect thereto or (ii) $50,000,000 when taken together with all other
Acquisitions consummated by all the Borrowers and Subsidiaries during the term
of this Agreement which do not otherwise satisfy the conditions described above
in this clause (b), and, as of the date of such Acquisition and after giving
effect thereto, no Default or Unmatured Default shall exist with respect to such
Borrower.
 
6.12.2   No Borrower will, or will permit any of its Subsidiaries to, make any
investment in, or lease, sell or otherwise dispose of any asset to, any
Affiliate of the Company which is not a Subsidiary other than:
 
(i)   as would be permitted under Section 6.11.1 or Section 6.11.8,

(ii)       in the case of any Borrower, investments in and leases, sales and
other dispositions to Affiliates of such Borrower that are guarantors of such
Borrower’s obligations under this Agreement,

(iii)      investments pursuant to cash management and money pool arrangements
among the Company and its Affiliates (consistent with past
            practices and subject to compliance with record-keeping arrangements
sufficient to allow at any time the identification of cash to the owners thereof
at such time (it being understood that compliance with FERC or other applicable
regulatory requirements to such effect shall be deemed sufficient)),

(iv)      loans by the Company to Affiliates (other than Subsidiaries) of the
Company in an aggregate amount outstanding, together with any amounts
outstanding pursuant to clause (v) below and the principal amount outstanding of
promissory notes issued pursuant to clause (vii) below, at any time not to
exceed $1,000,000,000,

(v)       equity investments by the Company in Affiliates (other than
Subsidiaries) of the Company in an aggregate amount outstanding (net of return
of capital (but not return on capital) in
 
 
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respect of each such investment and valued at the time of the making of such
investment), together with the principal amount outstanding under any loans made
pursuant to clause (iv) above and the principal amount outstanding of promissory
notes issued pursuant to clause (vii) below, at any time not to exceed
$1,000,000,000,

(vi)      transfers of assets to an Affiliate of the Company for fair market
value (or, to the extent obligatory under applicable regulatory requirements,
book value) paid in cash or in the form of tangible assets useful in the
business of the Borrower or Subsidiary making such transfer,

(vii)     transfers of assets to an Affiliate of the Company for fair market
value (or, to the extent obligatory under applicable regulatory requirements,
            book value) paid in the form of promissory notes of the transferees
in an aggregate principal amount outstanding, together with the principal
            amount of any loans outstanding made pursuant to clause (iv) above
and any amounts outstanding pursuant to clause (v) above, at any time
            not to exceed $1,000,000,000, and

(viii)    disposition by a Subsidiary to an Affiliate of the Company (other than
a Subsidiary) received by such Subsidiary after the Amendment Effective Date
from the Company, directly or indirectly through another Subsidiary of the
Company, specifically for disposition to such Affiliate, provided that such
investment by the Company in such Affiliate is otherwise permitted pursuant to
the provisions of this Section 6.12.2.

6.13.  Liens. Each Borrower will not, nor will it permit any of its Subsidiaries
(other than a Project Finance Subsidiary) to, create, incur, or suffer to exist
any Lien in, of or on the Property of such Borrower or any of its Subsidiaries,
except:
 
6.13.1   Liens, if any, securing the Loans and other Obligations hereunder.
 
6.13.2   Liens for taxes, assessments or governmental charges or levies on its
Property if the same shall not at the time be delinquent or thereafter can be
paid without penalty, or are being contested in good faith and by appropriate
proceedings and for which adequate reserves in accordance with Agreement
Accounting Principles shall have been set aside on its books.
 
6.13.3   Liens imposed by law, such as landlords’, wage earners’, carriers’,
warehousemen’s and mechanics’ liens and other similar liens arising in the
ordinary course of business which secure payment of obligations not more than 60
days past due or which are being contested in good faith by
 
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appropriate proceedings and for which adequate reserves in accordance with
Agreement Accounting Principles shall have been set aside on its books.
 
6.13.4   Liens arising out of pledges or deposits under worker’s compensation
laws, unemployment insurance, old age pensions, or other social security or
retirement benefits, or similar legislation.
 
6.13.5   Liens existing on the date hereof and described in Schedule 2.
 
6.13.6   Deposits securing liability to insurance carriers under insurance or
self-insurance arrangements.
 
6.13.7   Deposits or accounts to secure the performance of bids, trade contracts
or obligations (other than for borrowed money), vendor and service provider
arrangements, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature incurred in the
ordinary course of business.
 
6.13.8   Easements, reservations, rights-of-way, restrictions, survey exceptions
and other similar encumbrances as to real property of such Borrower and its
Subsidiaries which customarily exist on properties of corporations engaged in
similar activities and similarly situated and which do not materially interfere
with the conduct of the business of such Borrower or any such Subsidiary
conducted at the property subject thereto.
 
6.13.9   Liens arising out of judgments or awards not exceeding $50,000,000 in
the aggregate for all the Borrowers and Subsidiaries with respect to which
appeals are being diligently pursued, and, pending the determination of such
appeals, such judgments or awards having been effectively stayed.
 
6.13.10   Liens, securing obligations constituting neither obligations nor
Contingent Obligations of the Borrower or any Subsidiary nor on account of which
the Borrower or any Subsidiary customarily pays interest, upon real estate upon
which the Borrower or any Subsidiary has a right-of-way, easement, franchise or
other servitude or of which the Borrower or any Subsidiary is the lessee of the
whole thereof or any interest therein, including, but not limited to, for the
purpose of locating transmission and distribution lines and related support
structures, pipe lines, substations, measuring stations, tanks, pumping or
delivery equipment or similar equipment.
 
6.13.11   Liens arising by virtue of any statutory, contractual or common law
provision relating to banker’s liens, rights of setoff or similar rights as to
deposit accounts or other funds maintained with a depository institution.
 
6.13.12   Liens created pursuant to the Existing UE Indenture securing First
Mortgage Bonds; provided that the Liens of such Existing UE Indenture
 
 
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shall extend only to the property of Union Electric (including, to the extent
applicable, after acquired property) that is or would be covered by the Liens of
the Existing UE Indenture as in effect on the date hereof.
 
6.13.13   Liens created pursuant to the Existing CIPS Indenture securing First
Mortgage Bonds; provided that the Liens of such Existing CIPS Indenture shall
extend only to the property of CIPS (including, to the extent applicable, after
acquired property) that is or would be covered by the Liens of the Existing CIPS
Indenture as in effect on the date hereof.
 
6.13.14   Liens incurred in connection with the Peno Creek Project and the
Audrain Project.
 
6.13.15   Liens existing on any capital assets of any Subsidiary of such
Borrower at the time such Subsidiary becomes a Subsidiary and not created in
contemplation of such event.
 
6.13.16   Liens on any capital assets securing Indebtedness incurred or assumed
for the purpose of financing or refinancing all or any part of the cost of
acquiring or constructing such asset; provided that such Lien attaches to such
asset concurrently with or within eighteen (18) months after the acquisition or
completion of construction thereof.
 
6.13.17   Liens existing on any capital assets of any Subsidiary of such
Borrower at the time such Subsidiary is merged or consolidated with or into such
Borrower or any Subsidiary and not created in contemplation of such event.
 
6.13.18   Liens existing on any assets prior to the acquisition thereof by such
Borrower or any of its Subsidiaries and not created in contemplation thereof;
provided that such Liens do not encumber any other property or assets.
 
6.13.19   Liens (a) on the capital stock of CILCO and on the assets of CILCO and
any other Subsidiary of CILCORP existing on the date hereof, and/or (b) created
pursuant to the Existing CILCO Indenture securing First Mortgage Bonds; provided
that the Liens of such Existing CILCO Indenture shall extend only to the
property (including, to the extent applicable, after acquired property) that is
or would be covered by the Liens of the Existing CILCO Indenture as in effect on
the date hereof.
 
6.13.20   Undetermined Liens and charges incidental to construction.
 
6.13.21   Liens on Property or assets of a Subsidiary in favor of such Borrower
or a Subsidiary that is directly or indirectly wholly owned by such Borrower.
 
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6.13.22   Liens (a) on the assets of IP and any Subsidiary of IP existing on the
date hereof and/or (b) created pursuant to the Existing IP Indenture securing
First Mortgage Bonds; provided that the Liens of such Existing IP Indenture
shall extend only to the property (including, to the extent applicable, after
acquired property) that is or would be covered by the Liens of the Existing IP
Indenture as in effect on the date hereof.
 
6.13.23   Liens arising in connection with sales or transfers of, or financings
secured by, Receivables, including Liens granted by an SPC to secure
Indebtedness arising under a Permitted Securitization.
 
6.13.24   Liens arising out of the refinancing, extension, renewal or refunding
of any Indebtedness secured by any Lien permitted by any of Section 6.13.12
through 6.13.23; provided that (a) such Indebtedness is not secured by any
additional assets, and (b) the amount of such Indebtedness secured by any such
Lien is not increased.
 
6.13.25   Any Liens existing on any assets of IP or any of its Subsidiaries or
related trusts related to the Illinois Power Special Purpose Trust Transitional
Funding Trust Notes, Series 1998-1.
 
6.13.26   Liens not described in Sections 6.13.1 through 6.13.25, inclusive,
securing Indebtedness or other liabilities or obligations of a Borrower or its
Subsidiaries in an aggregate principal amount outstanding for all such Liens not
to exceed 10% of the Consolidated Tangible Assets of such Borrower at the time
of the incurrence of any such Lien.
 
6.14.  Affiliates. Each Borrower will not, and will not permit any of its
Subsidiaries to, enter into any transaction (including without limitation, the
purchase or sale of any Property or service) with, or make any payment or
transfer to, any Affiliate (other than such Borrower and its Subsidiaries)
except in the ordinary course of business and pursuant to the reasonable
requirements of such Borrower’s or such Subsidiary’s business and, except to the
extent that the terms and consideration of any such transaction are mandated,
limited or otherwise subject to conditions imposed by any regulatory or
government body, upon fair and reasonable terms no less favorable to such
Borrower or such Subsidiary than such Borrower or such Subsidiary would obtain
in a comparable arm’s-length transaction; provided, however, that this Section
6.14 shall not prohibit or restrict (i) transactions that provide for the
purchase or sale of Property or services at cost that are entered into with any
services company that is a Subsidiary of the Company, (ii) investments pursuant
to cash management and money pool arrangements among the Company and its
subsidiaries (consistent with past practices and subject to compliance with
record-keeping arrangements sufficient to allow at any time the identification
of cash to owners thereof at such time (it being understood that compliance with
FERC or other applicable regulatory requirements to such effect shall be deemed
sufficient)), (iii) customary sale and servicing transactions with an SPC
pursuant to, and in accordance with the terms of, a Permitted Securitization,
and (iv) the payment of cash dividends pursuant to Section 6.11.4.
 
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6.15.  Financial Contracts. Each Borrower will not, nor will it permit any of
its Subsidiaries, to, enter into or remain liable upon any Rate Management
Transactions except for those entered into in the ordinary course of business
for bona fide hedging purposes and not for speculative purposes.
 
6.16.  Subsidiary Covenants. Each Borrower will not, and will not permit any of
its Subsidiaries other than a Project Finance Subsidiary to, create or otherwise
cause to become effective any consensual encumbrance or restriction of any kind
on the ability of any such Subsidiary other than a Project Finance Subsidiary
(i) to pay dividends or make any other distribution on its common stock, (ii) to
pay any Indebtedness or other obligation owed to such Borrower or any other
Subsidiary of such Borrower, or (iii) to make loans or advances or other
Investments in such Borrower or any other Subsidiary of such Borrower, in each
case, other than (a) restrictions and conditions imposed by law or by this
Agreement, (b) restrictions and conditions existing on the date hereof, in each
case as identified on Schedule 3 (without giving effect to any amendment or
modification expanding the scope of any such restriction or condition), (c)
restrictions on dividends on the capital stock of Union Electric entered into in
connection with future issuances of subordinated capital income securities, to
the extent the same are not more restrictive than those benefiting the holders
of Union Electric’s existing 7.69% Subordinated Capital Income Securities, (d)
restrictions and conditions in agreements or arrangements entered into by (1)
Electric Energy, Inc. regarding the payment of dividends or the making of other
distributions with respect to shares of its capital stock or (2) Gateway Energy
WGK Project, L.L.C., in each case, without giving effect to any amendment or
modification expanding the scope of any such restriction or condition, (e)
customary restrictions and conditions relating to an SPC contained in agreements
governing a Permitted Securitization, and (f) customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending
such sale, provided that such restrictions and conditions apply only to the
Subsidiary that is to be sold and such sale is permitted hereunder.
 
6.17.  Leverage Ratio. Each Borrower will not permit the ratio of (i) its
Consolidated Indebtedness to (ii) its Consolidated Total Capitalization to be
greater than (a) 0.65 to 1.00 at any time for each Borrower other than CILCO and
(b) 0.60 to 1.00 at any time for CILCO (during such time as CILCO is a
Borrower); provided that Consolidated Indebtedness, solely as such term is used
in, and solely for the purpose of, clause (i) of this Section 6.17, shall not
include (a) with respect to Indebtedness of Genco, subordinated indebtedness
under the Existing Intercompany Note and (b) subordinated indebtedness which, by
it terms, is subordinated to the Obligations on terms not less favorable to the
Lenders than those set forth in Exhibit G (it being understood that any
subordinated indebtedness under clause (b) will be expressly subordinated to all
Obligations, including Obligations in respect of Letters of Credit).
 
ARTICLE VII
  
DEFAULTS
 
The occurrence of any one or more of the following events in respect of any
Borrower shall constitute a Default with respect to such Borrower:
 
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7.1. Any representation or warranty made or deemed made by or on behalf of such
Borrower (including any representation or warranty deemed made by such Borrower
as to one of its Subsidiaries) to the Lenders, the Issuing Banks or the Agent
under or in connection with this Agreement, any Credit Extension, or any
certificate or information delivered in connection with this Agreement or any
other Loan Document shall be false in any material respect on the date as of
which made or deemed made.
 
7.2. Such Borrower or, in the case of the Company, the Company or any of its
Subsidiaries, shall fail to pay (i) principal of any Loan when due, or (ii)
interest upon any Loan or any Facility Fee or other Obligations under any of the
Loan Documents within five (5) Business Days after such interest, fee or other
Obligation becomes due.
 
7.3. The breach by such Borrower of any of the terms or provisions of Section
6.2, 6.3, 6.9, 6.10, 6.11, 6.12, 6.13, 6.14, 6.15, 6.16 or 6.17.
 
7.4. The breach by such Borrower (other than a breach which constitutes a
Default under another Section of this Article VII) of any of the terms or
provisions of this Agreement which is not remedied within fifteen (15) days
after the earlier to occur of (i) written notice from the Agent or any Lender to
such Borrower or (ii) an Authorized Officer otherwise becoming aware of any such
breach.
 
7.5. Failure of such Borrower or any of its Subsidiaries (other than Project
Finance Subsidiaries), to pay when due any Material Indebtedness; or the default
by such Borrower or any of its Subsidiaries (other than Project Finance
Subsidiaries) in the performance (beyond the applicable grace period with
respect thereto, if any) of any term, provision or condition contained in any
Material Indebtedness Agreement or any other event shall occur or condition
exist (except for a “Triggering Event” under IP’s 11½% Mortgage Bonds due 2010
which does not also cause an event of default thereunder), the effect of which
default, event or condition is to cause, or to permit the holder(s) of such
Material Indebtedness or the lender(s) under any Material Indebtedness Agreement
to cause, such Material Indebtedness to become due prior to its stated maturity
or any commitment to lend under any Material Indebtedness Agreement to be
terminated prior to its stated expiration date; or any Material Indebtedness of
such Borrower or any of its Subsidiaries (other than Project Finance
Subsidiaries), shall be declared to be due and payable or required to be prepaid
or repurchased (other than by a regularly scheduled payment) prior to the stated
maturity thereof (except in the case of or related to a “Triggering Event” under
IP’s 11½% Mortgage Bonds due 2010 which does not also cause an event of default
thereunder); or such Borrower or, in the case of the Company, any of its
Subsidiaries (other than Project Finance Subsidiaries), shall not pay, or admit
in writing its inability to pay, its debts generally as they become due;
provided that no Default shall occur under this Section 7.5 as a result of (i)
any notice of voluntary prepayment delivered by such Borrower or any Subsidiary
with respect to any Indebtedness, or (ii) any voluntary sale of assets by such
Borrower or any Subsidiary permitted hereunder as a result of which any
Indebtedness secured by such assets is required to be prepaid.
 
7.6. Such Borrower or any of its Subsidiaries (other than Project Finance
Subsidiaries or an SPC) shall (i) have an order for relief entered with respect
to it under the Federal bankruptcy laws as now or hereafter in effect, (ii) make
an assignment for the benefit of
 
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creditors, (iii) apply for, seek, consent to, or acquiesce in, the appointment
of a receiver, custodian, trustee, examiner, liquidator or similar official for
it or any Substantial Portion of its Property, (iv) institute any proceeding
seeking an order for relief under the Federal bankruptcy laws as now or
hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or
seeking dissolution, winding up, liquidation, reorganization, arrangement,
adjustment or composition of it or its debts under any law relating to
bankruptcy, insolvency or reorganization or relief of debtors or fail to file an
answer or other pleading denying the material allegations of any such proceeding
filed against it, (v) take any corporate or partnership action to authorize or
effect any of the foregoing actions set forth in this Section 7.6, (vi) fail to
contest in good faith any appointment or proceeding described in Section 7.7, or
(vii) become unable, admit in writing its inability or fail generally to pay its
debts as they become due.
 
7.7. Without the application, approval or consent of such Borrower or any of its
Subsidiaries (other than a Project Finance Subsidiary or an SPC ), a receiver,
trustee, examiner, liquidator or similar official shall be appointed for such
Borrower or any of its Subsidiaries (other than a Project Finance Subsidiary or
an SPC) or any Substantial Portion of its Property or the Property of any of its
Subsidiaries (other than a Project Finance Subsidiary or an SPC), or a
proceeding described in Section 7.6(iv) shall be instituted against such
Borrower or any of its Subsidiaries (other than a Project Finance Subsidiary or
an SPC) and such appointment continues undischarged or such proceeding continues
undismissed or unstayed for a period of 60 consecutive days.
 
7.8. Any court, government or governmental agency shall condemn, seize or
otherwise appropriate, or take custody or control of, all or any portion of the
Property of such Borrower or, in the case of the Company, any of its
Subsidiaries (other than Project Finance Subsidiaries or an SPC), which, when
taken together with all other Property of such Borrower and/or, in the case of
the Company, any such Subsidiaries so condemned, seized, appropriated, or taken
custody or control of, during the twelve-month period ending with the month in
which any such action occurs, constitutes a Substantial Portion.
 
7.9. Such Borrower or, in the case of the Company, any of its Subsidiaries
(other than Project Finance Subsidiaries or an SPC) shall fail within 45 days to
pay, bond or otherwise discharge one or more (i) judgments or orders for the
payment of money in excess of $50,000,000 (or the equivalent thereof in
currencies other than Dollars) in the aggregate (net of any amount covered by
insurance), or (ii) nonmonetary judgments or orders which, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect,
which judgment(s), in any such case, is/are not stayed on appeal or otherwise
being appropriately contested in good faith.
 
7.10. An ERISA Event shall have occurred that, in the opinion of the Required
Lenders, when taken together with all other ERISA Events that have occurred,
could reasonably be expected to result in liability of the Company, its
Subsidiaries or any Commonly Controlled Entity in an aggregate amount exceeding
$50,000,000.
 
7.11. Nonpayment when due (after giving effect to any applicable grace period)
by such Borrower or, in the case of the Company, any of its Subsidiaries (other
than Project Finance Subsidiaries or an SPC) of obligations or settlement
amounts under Rate Management
 
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Transactions in an aggregate amount of $25,000,000 or more, or the breach
(beyond any grace period applicable thereto) by such Borrower or, in the case of
the Company, any of its Subsidiaries (other than Project Finance Subsidiaries or
an SPC) of any term, provision or condition contained in any Rate Management
Transaction the effect of which is to cause, or to permit the counterparty(ies)
thereof to cause, the termination of such Rate Management Transaction resulting
in liability of the Borrower or such Subsidiaries for obligations and/or
settlement amounts under such Rate Management Transactions in an aggregate
amount of $25,000,000 or more.
 
7.12. Any Change in Control with respect to such Borrower shall occur.
 
7.13. Such Borrower or, in the case of the Company, any of its Subsidiaries,
shall (i) be the subject of any proceeding or investigation pertaining to the
release by such Borrower (or, in the case of the Company, any of its
Subsidiaries) or any other Person of any toxic or hazardous waste or substance
into the environment, or (ii) violate any Environmental Law; which, in the case
of an event described in clause (i) or clause (ii), has resulted in liability to
such Borrower or, in the case of the Company, any of its Subsidiaries, in an
amount equal to $50,000,000 or more (in the case of the Company, in the
aggregate for the Company and all its Subsidiaries), which liability is not
paid, bonded or otherwise discharged within 45 days or which is not stayed on
appeal and being appropriately contested in good faith.
 
7.14. Any Loan Document shall fail to remain in full force or effect with
respect to such Borrower or, in the case of the Company, any of its Subsidiaries
or any action shall be taken to discontinue or to assert the invalidity or
unenforceability of any Loan Document with respect to such Borrower or, in the
case of the Company, any of its Subsidiaries.
 
ARTICLE VIII
 
ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
 
8.1.  Acceleration. If any Default described in Section 7.6 or 7.7 occurs with
respect to a Borrower or, in the case of the Company, any of its Subsidiaries
(other than any Project Finance Subsidiary or SPC), the obligations of the
Lenders to make Loans and of the Issuing Banks to issue Letters of Credit
hereunder to such Borrower shall automatically terminate and the Obligations of
such Borrower shall immediately become due and payable without any election or
action on the part of the Agent, any Issuing Bank or any Lender. If any other
Default occurs with respect to a Borrower or, in the case of the Company, any of
its Subsidiaries (other than any Project Finance Subsidiary or SPC to the extent
excluded from such Default by the provisions of Article VII), the Required
Lenders (or the Agent with the consent of the Required Lenders) may terminate or
suspend the obligations of the Lenders to make Loans and of the Issuing Banks to
issue Letters of Credit hereunder to such Borrower, or declare the Obligations
to be due and payable, or both, whereupon the Obligations shall become
immediately due and payable, without presentment, demand, protest or notice of
any kind, all of which such Borrower hereby expressly waives.
 
If, after acceleration of the maturity of the Obligations or termination of the
obligations of the Lenders to make Loans and of the Issuing Banks to issue
Letters of Credit hereunder as a
 
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result of any Default (other than any Default as described in Section 7.6 or 7.7
with respect to such Borrower) and before any judgment or decree for the payment
of the Obligations due shall have been obtained or entered, the Required Lenders
(in their sole discretion) shall so direct, the Agent shall, by notice to such
Borrower, rescind and annul such acceleration and/or termination.
 
8.2.  Amendments. Subject to the provisions of this Section 8.2, the Required
Lenders (or the Agent with the consent in writing of the Required Lenders) and
the Borrowers may enter into agreements supplemental hereto for the purpose of
adding or modifying any provisions to the Loan Documents or changing in any
manner the rights of the Lenders or the Borrowers hereunder or thereunder or
waiving any Default hereunder or thereunder; provided, however, that no such
supplemental agreement shall, without the consent of all of the Lenders (or, in
the case of Section 8.2.2, all affected Lenders):
 
8.2.1   Extend the final maturity of any Revolving Loan or LC Disbursement or
postpone any payment of principal of any Revolving Loan or LC Disbursement or
forgive all or any portion of the principal amount thereof, or reduce the rate
or extend the time of payment of interest or fees thereon (other than a waiver
of the application of the default rate of interest pursuant to Section 2.14
hereof).
 
8.2.2   Extend the final maturity of any Competitive Loan or postpone any
regularly scheduled payment of principal of any Competitive Loan or forgive all
or any portion of the principal amount thereof, or reduce the rate or extend the
time of payment of interest or fees thereon (other than a waiver of the
application of the default rate of interest pursuant to Section 2.14 hereof).
 
8.2.3   Waive any condition set forth in Section 4.2, reduce the percentage
specified in the definition of Required Lenders or any other percentage of
Lenders specified to be the Pro Rata Share in this Agreement to act on specified
matters or amend the definition of “Pro Rata Share”.
 
8.2.4   Other than as expressly permitted by the terms of Section 2.23, extend
the Commitment Termination Date or the Maturity Date applicable to any Borrower,
or reduce the amount or extend the payment date for, the mandatory payments
required under Section 2.2, or increase the amount of the Commitment of any
Lender hereunder or change the definition of Subsidiary Sublimit hereunder, or
permit any Borrower to assign its rights or obligations under this Agreement or
change Section 2.15 or 2.8.3 in a manner that would alter the pro rata sharing
of payments or the application of reductions of commitments on a ratable basis
required thereby.
 
8.2.5   Amend this Section 8.2.
 
No amendment of any provision of this Agreement relating to the Agent, any
Issuing Bank or the Swingline Lender shall be effective without the written
consent of the Agent, such Issuing Bank or the Swingline Lender, as the case may
be. The Agent may waive payment of the fee required under Section 12.3.3 without
obtaining the consent of any other party to this Agreement.
 
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Notwithstanding the foregoing, any provision of this Agreement may be amended by
an agreement in writing entered into by the applicable Borrower, the Required
Lenders and the Agent if (i) by the terms of such agreement any remaining
Commitment of each Lender not consenting to the amendment provided for therein
shall terminate upon the effectiveness of such amendment and (ii) at the time
such amendment becomes effective, each Lender not consenting thereto receives
payment in full of the principal of and interest accrued on each Advance made by
it and all other amounts owing to it or accrued for its account under this
Agreement.
 
8.3.  Preservation of Rights. No delay or omission of the Lenders, the Agent or
the Issuing Banks to exercise any right under the Loan Documents shall impair
such right or be construed to be a waiver of any Default or an acquiescence
therein, and the making of a Credit Extension notwithstanding the existence of a
Default or Unmatured Default or the inability of a Borrower to satisfy the
conditions precedent to such Credit Extension shall not constitute any waiver or
acquiescence. Any single or partial exercise of any such right shall not
preclude other or further exercise thereof or the exercise of any other right,
and no waiver, amendment or other variation of the terms, conditions or
provisions of the Loan Documents whatsoever shall be valid unless in writing
signed by, or by the Agent with the consent of, the requisite number of Lenders
required pursuant to Section 8.2, and then only to the extent in such writing
specifically set forth. All remedies contained in the Loan Documents or by law
afforded shall be cumulative and all shall be available to the Agent, the
Issuing Banks and the Lenders until all of the Obligations have been paid in
full.
 
ARTICLE IX
 
GENERAL PROVISIONS
 
9.1.  Survival of Representations. All representations and warranties of the
Borrowers contained in this Agreement shall survive the making of the Credit
Extensions herein contemplated.
 
9.2.  Governmental Regulation. Anything contained in this Agreement to the
contrary notwithstanding, no Lender shall be obligated to extend credit to any
Borrower in violation of any limitation or prohibition provided by any
applicable statute or regulation.
 
9.3.  Headings. Section headings in the Loan Documents are for convenience of
reference only, and shall not govern the interpretation of any of the provisions
of the Loan Documents.
 
9.4.  Entire Agreement. The Loan Documents embody the entire agreement and
understanding among the Agent and the Lenders, and between the Agent and the
Lenders on one hand, and the Borrowers individually on the other hand, and
supersede all prior agreements and understandings among and between such
parties, as the case may be, relating to the subject matter thereof other than
those contained in the fee letter described in Section 10.13 which shall survive
and remain in full force and effect during the term of this Agreement.
 
9.5.  Several Obligations; Benefits of this Agreement. The respective
obligations of the Lenders and the Issuing
 
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Banks hereunder are several and not joint and no Lender or Issuing Bank shall be
the partner or agent of any other (except to the extent to which the Agent is
authorized to act as such). The failure of any Lender or any Issuing Bank to
perform any of its obligations hereunder shall not relieve any other Lender or
any Issuing Bank from any of its obligations hereunder. This Agreement shall not
be construed so as to confer any right or benefit upon any Person other than the
parties to this Agreement and their respective successors and assigns, provided,
however, that the parties hereto expressly agree that each Arranger shall enjoy
the benefits of the provisions of Sections 9.6, 9.10 and 10.11 to the extent
specifically set forth therein and shall have the right to enforce such
provisions on its own behalf and in its own name to the same extent as if it
were a party to this Agreement (it being acknowledged that Section 9.6 may be
enforced against any Borrower only to the extent of the amounts for which such
Borrower is liable under the terms of such Section).
 
9.6.  Expenses; Indemnification.
 

(i)  
The Company shall reimburse the Agent and each Arranger for any reasonable
costs, internal charges and out-of-pocket expenses (including reasonable
attorneys’ and paralegals’ fees and time charges of attorneys for the Agent,
which attorneys may be employees of the Agent, and expenses of and fees for
other advisors and professionals engaged by the Agent or such Arranger) paid or
incurred by the Agent or such Arranger in connection with the investigation,
preparation, negotiation, documentation, execution, delivery, syndication,
distribution (including, without limitation, via the internet), review,
amendment, modification and administration of the Loan Documents. The Company
also agrees to reimburse the Agent, each Arranger, the Issuing Banks and the
Lenders for any costs, internal charges and out-of-pocket expenses (including
attorneys’ and paralegals’ fees and time charges and expenses of attorneys and
paralegals for the Agent, such Arranger, the Issuing Banks and the Lenders,
which attorneys and paralegals may be employees of the Agent, such Arranger, the
Issuing Banks or the Lenders) paid or incurred by the Agent, such Arranger, any
Issuing Bank or any Lender in connection with the collection of the Obligations
and enforcement of the Loan Documents (and each Borrowing Subsidiary likewise
agrees to reimburse the Agent, each Arranger, the Issuing Banks and the Lenders
for such costs, internal charges and out-of-pocket expenses to the extent they
are incurred in the collection of the Obligations of and enforcement of the Loan
Documents against such Borrowing Subsidiary).

 

(ii)  
Subject to paragraph (iii) below, the Borrowers hereby further agree to
indemnify the Agent, each Arranger, each Issuing Bank, each Lender, their
respective affiliates, and each of their directors, officers and employees
against all losses, claims, damages, penalties, judgments, liabilities and
expenses (including, without limitation, all expenses of litigation or
preparation therefor whether or not the Agent, any Arranger, any Issuing Bank,
any Lender or any affiliate is a party thereto, and all attorneys’ and
paralegals’ fees, time charges and expenses of attorneys and paralegals of the
party seeking indemnification, which attorneys and paralegals may or may not be
employees of such party seeking indemnification) which any of them may pay or
incur arising out of or relating to this Agreement, the other Loan Documents,
the transactions contemplated hereby or the direct or

 
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indirect application or proposed application of the proceeds of any Loan
hereunder except to the extent that they have resulted, as determined in a final
non-appealable judgment by a court of competent jurisdiction, from the gross
negligence or willful misconduct of the party seeking indemnification.
 

  (iii) 
Each amount payable under paragraph (ii) of this Section shall be an obligation
of, and shall be discharged by (a) to the extent arising out of acts, events and
circumstances related to a particular Borrower, such Borrower and (b) otherwise,
all the Borrowers, with each Borrower being severally liable for such Borrower’s
Contribution Percentage of such amount, provided that in consideration of the
availability, on the terms set forth herein, of the entire amount of the
Commitments in the form of borrowings by and Letters of Credit issued for the
account of the Company, the Company agrees that, if one or more of the Borrowing
Subsidiaries shall fail to pay any amount owed by it under clause (b) of this
paragraph (iii) after a demand shall have been made by the Person to which such
amount is owed, the Company shall promptly pay such amount (the Company hereby
irrevocably waiving any defenses that might otherwise be available to it as a
guarantor of the obligations of any Borrowing Subsidiary under this Section).

 

(iv) 
To the extent that the Borrowers fail to pay any amount required to be paid by
them to the Agent, either Arranger, any Issuing Bank or the Swingline Lender
under paragraph (i) or (ii) of this Section, each Lender severally agrees to pay
to the Agent, such Arranger, such Issuing Bank or the Swingline Lender, as the
case may be, such Lender’s Pro Rata Share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount; provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by or
asserted against the Agent, such Arranger, such Issuing Bank or the Swingline
Lender in its capacity as such.

 

(v)  
The obligations of the Borrowers under this Section 9.6 shall survive the
termination of this Agreement and, as to each Borrower, the Maturity Date
applicable to such Borrower.

 
9.7.  Numbers of Documents. All statements, notices, closing documents, and
requests hereunder shall be furnished to the Agent with sufficient counterparts
so that the Agent may furnish one to each of the Lenders, to the extent that the
Agent deems necessary.
 
9.8.  Accounting. Except as provided to the contrary herein, all accounting
terms used in the calculation of any financial covenant or test shall be
interpreted and all accounting determinations hereunder in the calculation of
any financial covenant or test shall be made in accordance with Agreement
Accounting Principles. If any changes in generally accepted accounting
principles are hereafter required or permitted and are adopted by any Borrower
or any of its Subsidiaries with the agreement of its independent certified
public accountants and such changes result in a change in the method of
calculation of any of the financial covenants, tests, restrictions or standards
herein or in the related definitions or terms used therein (“Accounting
 
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Changes”), the parties hereto agree, at such Borrower’s request, to enter into
negotiations, in good faith, in order to amend such provisions in a credit
neutral manner so as to reflect equitably such changes with the desired result
that the criteria for evaluating such Borrower’s and its Subsidiaries’ financial
condition shall be the same after such changes as if such changes had not been
made; provided, however, until such provisions are amended in a manner
reasonably satisfactory to the Agent and the Required Lenders, no Accounting
Change shall be given effect in such calculations. In the event such amendment
is entered into, all references in this Agreement to Agreement Accounting
Principles shall mean generally accepted accounting principles as of the date of
such amendment. Notwithstanding the foregoing, all financial statements to be
delivered by such Borrower pursuant to Section 6.1 shall be prepared in
accordance with generally accepted accounting principles in effect at such time.
 
9.9.  Severability of Provisions. Any provision in any Loan Document that is
held to be inoperative, unenforceable or invalid in any jurisdiction shall, as
to that jurisdiction, be inoperative, unenforceable or invalid without affecting
the remaining provisions in that jurisdiction or the operation, enforceability
or validity of that provision in any other jurisdiction, and to this end the
provisions of all Loan Documents are declared to be severable.
 
9.10.  Nonliability. The relationship between the Borrowers individually on the
one hand and the Lenders and the Agent on the other hand shall be solely that of
borrower and lender. None of the Agent, any Arranger, any Issuing Bank or any
Lender shall have any fiduciary responsibilities to the Borrowers. None of the
Agent, any Arranger, any Issuing Bank or any Lender undertakes any
responsibility to the Borrowers to review or inform the Borrowers of any matter
in connection with any phase of the Borrowers’ businesses or operations. The
Borrowers agree that none of the Agent, any Arranger, any Issuing Bank or any
Lender shall have liability to the Borrowers (whether sounding in tort, contract
or otherwise) for losses suffered by the Borrowers in connection with, arising
out of, or in any way related to, the transactions contemplated and the
relationship established by the Loan Documents, or any act, omission or event
occurring in connection therewith, unless it is determined in a final
non-appealable judgment by a court of competent jurisdiction that such losses
resulted from the gross negligence or willful misconduct of the party from which
recovery is sought. None of the Borrowers, the Agent, any Arranger, any Issuing
Bank or any Lender shall have any liability with respect to, and each of the
Agent, each Arranger, each Issuing Bank, each Lender and each Borrower hereby
waives, releases and agrees not to sue for, any special, indirect, consequential
or punitive damages suffered by it in connection with, arising out of, or in any
way related to the Loan Documents or the transactions contemplated thereby.
 
9.11.  Confidentiality. Each Lender and each Issuing Bank agrees to hold any
confidential information which it may receive from any Borrower pursuant to this
Agreement in confidence, except for disclosure (i) to its Affiliates and to
other Borrowers, Lenders or Issuing Banks and their respective Affiliates, for
use solely in connection with the transactions contemplated hereby, (ii) to
legal counsel, accountants, and other professional advisors to such Lender or
Issuing Bank or to a Transferee, in each case which have been informed as to the
confidential nature of such information, for use solely in connection with the
transactions contemplated hereby, (iii) to regulatory officials having
jurisdiction over it or its Affiliates, (iv) to any Person as required by law,
regulation, or legal process, (v) to any Person in connection with any legal
proceeding to which such Lender or Issuing Bank is a party, (vi) to such
Lender’s
 
 
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or Issuing Bank’s direct or indirect contractual counterparties in swap
agreements or to legal counsel, accountants and other professional advisors to
such counterparties, in each case which have been informed as to the
confidential nature of such information, (vii) as permitted by Section 12.4 and
(viii) to rating agencies if requested or required by such agencies in
connection with a rating relating to this Agreement or the Advances hereunder.
 
9.12.  Lenders Not Utilizing Plan Assets. Each Lender and Designated Lender
represents and warrants that none of the consideration used by such Lender or
Designated Lender to make its Loans constitutes for any purpose of ERISA or
Section 4975 of the Code assets of any “plan” as defined in Section 3(3) of
ERISA or Section 4975 of the Code and the rights and interests of such Lender or
Designated Lender in and under the Loan Documents shall not constitute such
“plan assets” under ERISA.
 
9.13.  Nonreliance. Each Lender hereby represents that it is not relying on or
looking to any margin stock (as defined in Regulation U) as collateral in the
extension or maintenance of the credit provided for herein.
 
9.14.  Disclosure. The Borrowers and each Lender and each Issuing Bank hereby
acknowledge and agree that each Lender, each Issuing Bank and their Affiliates
from time to time may hold investments in, make other loans to or have other
relationships with the Borrowers and their Affiliates.
 
9.15.  USA Patriot Act. Each Lender and each Issuing Bank hereby notifies the
Borrowers that pursuant to the requirements of the USA Patriot Act, it is
required to obtain, verify and record information that identifies the Borrowers,
which information includes the names and addresses of the Borrowers and other
information that will allow such Lender to identify the Borrowers in accordance
with its requirements. The Borrowers shall promptly following a request by the
Agent or any Lender, provide all documentation and other information that the
Agent or such Lender reasonably requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering
rules and regulations including the USA Patriot Act.
 
ARTICLE X
 
THE AGENT
 
10.1.  Appointment; Nature of Relationship. JPMCB is hereby appointed by each of
the Lenders and each of the Issuing Banks as its contractual representative
(herein referred to as the “Agent”) hereunder and under each other Loan
Document, and each of the Lenders and the each of the Issuing Banks irrevocably
authorizes the Agent to act as the contractual representative of such Lender and
such Issuing Bank with the rights and duties expressly set forth herein and in
the other Loan Documents. The Agent agrees to act as such contractual
representative upon the express conditions contained in this Article X.
Notwithstanding the use of the defined term “Agent,” it is expressly understood
and agreed that the Agent shall not have any fiduciary responsibilities to any
Lender or any Issuing Bank by reason of this Agreement or any other Loan
Document and that the Agent is merely acting as the contractual representative
of the Lenders and the Issuing Banks with only those duties as are expressly set
forth in this Agreement
 
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and the other Loan Documents. In its capacity as the Lenders’ and the Issuing
Banks’ contractual representative, the Agent (i) does not hereby assume any
fiduciary duties to any of the Lenders or the Issuing Banks, (ii) is a
“representative” of the Lenders and the Issuing Banks within the meaning of the
term “secured party” as defined in the New York Uniform Commercial Code and
(iii) is acting as an independent contractor, the rights and duties of which are
limited to those expressly set forth in this Agreement and the other Loan
Documents. Each of the Lenders and the Issuing Banks hereby agrees to assert no
claim against the Agent on any agency theory or any other theory of liability
for breach of fiduciary duty, all of which claims each Lender hereby waives.
 
10.2.  Powers. The Agent shall have and may exercise such powers under the Loan
Documents as are specifically delegated to the Agent by the terms of each
thereof, together with such powers as are reasonably incidental thereto. The
Agent shall have no implied duties or fiduciary duties to the Lenders or the
Issuing Banks, or any obligation to the Lenders or the Issuing Banks to take any
action thereunder except any action specifically provided by the Loan Documents
to be taken by the Agent.
 
10.3.  General Immunity. Neither the Agent nor any of its directors, officers,
agents or employees shall be liable to the Borrowers, the Lenders or any Lender
or any Issuing Bank for any action taken or omitted to be taken by it or them
hereunder or under any other Loan Document or in connection herewith or
therewith except to the extent such action or inaction is determined in a final,
non-appealable judgment by a court of competent jurisdiction to have arisen from
the gross negligence or willful misconduct of such Person.
 
10.4.  No Responsibility for Loans, Recitals, etc. Neither the Agent nor any of
its directors, officers, agents or employees shall be responsible for or have
any duty to ascertain, inquire into, or verify (a) any statement, warranty or
representation made in connection with any Loan Document or any borrowing
hereunder; (b) the performance or observance of any of the covenants or
agreements of any obligor under any Loan Document, including, without
limitation, any agreement by an obligor to furnish information directly to each
Lender and each Issuing Bank; (c) the satisfaction of any condition specified in
Article IV, except receipt of items required to be delivered solely to the
Agent; (d) the existence or possible existence of any Default or Unmatured
Default; (e) the validity, enforceability, effectiveness, sufficiency or
genuineness of any Loan Document or any other instrument or writing furnished in
connection therewith; (f) the value, sufficiency, creation, perfection or
priority of any Lien in any collateral security; or (g) the financial condition
of the Borrowers or any guarantor of any of the Obligations or of any of the
Borrowers’ or any such guarantor’s respective Subsidiaries. The Agent shall have
no duty to disclose to the Lenders or the Issuing Banks information that is not
required to be furnished by the Borrowers to the Agent at such time, but is
voluntarily furnished by the Borrowers to the Agent (either in its capacity as
Agent or in its individual capacity).
 
10.5.  Action on Instructions of Lenders. The Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder and under any other
Loan Document in accordance with written instructions signed by the Required
Lenders (or all of the Lenders in the event that and to the extent that this
Agreement expressly requires such), and such instructions and any action taken
or failure to act pursuant thereto shall be binding on all of the Lenders. The
Lenders hereby acknowledge that the Agent shall be under no duty to take any
discretionary
 
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action permitted to be taken by it pursuant to the provisions of this Agreement
or any other Loan Document unless it shall be requested in writing to do so by
the Required Lenders (or all of the Lenders in the event that and to the extent
that this Agreement expressly requires such). The Agent shall be fully justified
in failing or refusing to take any action hereunder and under any other Loan
Document unless it shall first be indemnified to its satisfaction in writing by
the Lenders pro rata against any and all liability, cost and expense that it may
incur by reason of taking or continuing to take any such action.
 
10.6.  Employment of Agents and Counsel. The Agent may execute any of its duties
as Agent hereunder and under any other Loan Document by or through employees,
agents, and attorneys-in-fact and shall not be answerable to the Lenders or the
Issuing Banks, except as to money or securities received by it or its authorized
agents, for the default or misconduct of any such agents or attorneys-in-fact
selected by it with reasonable care. The Agent shall be entitled to advice of
counsel concerning the contractual arrangement between the Agent and the Lenders
and the Issuing Banks and all matters pertaining to the Agent’s duties hereunder
and under any other Loan Document.
 
10.7.  Reliance on Documents; Counsel. The Agent shall be entitled to rely upon
any Note, notice, consent, certificate, affidavit, letter, telegram, statement,
paper or document believed by it to be genuine and correct and to have been
signed or sent by the proper person or persons, and, in respect to legal
matters, upon the opinion of counsel selected by the Agent, which counsel may be
employees of the Agent.
 
10.8.  Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse
and indemnify the Agent ratably in proportion to the their Pro Rata Shares of
the Aggregate Commitment (or, if the Aggregate Commitment has been terminated,
of the Aggregate Outstanding Credit Exposure) (determined as of the date of any
such request by the Agent) (i) for any amounts not reimbursed by the Borrowers
for which the Agent is entitled to reimbursement by the Borrowers under the Loan
Documents, (ii) to the extent not paid by the Borrowers, for any other expenses
incurred by the Agent on behalf of the Lenders or the Issuing Banks, in
connection with the preparation, execution, delivery, administration and
enforcement of the Loan Documents (including, without limitation, for any
expenses incurred by the Agent in connection with any dispute between the Agent
and any Lender or between two or more of the Lenders or Issuing Banks) and (iii)
to the extent not paid by the Borrowers, for any liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind and nature whatsoever which may be imposed on,
incurred by or asserted against the Agent in any way relating to or arising out
of the Loan Documents or any other document delivered in connection therewith or
the transactions contemplated thereby (including, without limitation, for any
such amounts incurred by or asserted against the Agent in connection with any
dispute between the Agent and any Lender or between two or more of the Lenders
or Issuing Banks), or the enforcement of any of the terms of the Loan Documents
or of any such other documents, provided that (i) no Lender shall be liable for
any of the foregoing to the extent any of the foregoing is found in a final,
non-appealable judgment by a court of competent jurisdiction to have resulted
from the gross negligence or willful misconduct of the Agent, (ii) any
indemnification required pursuant to Section 3.5(vii) shall, notwithstanding the
provisions of this Section 10.8, be paid by the relevant Lender in accordance
with the provisions thereof and (iii) the Agent shall reimburse the Lenders for
any amounts the Lenders have paid to the extent
 
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such amounts are subsequently recovered from the Borrowers. The obligations of
the Lenders under this Section 10.8 shall survive payment of the Obligations,
termination and expiration of the Letters of Credit and termination of this
Agreement.
 
10.9.  Notice of Default. The Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default or Unmatured Default hereunder unless
the Agent has received written notice from a Lender or a Borrower referring to
this Agreement describing such Default or Unmatured Default and stating that
such notice is a “notice of default”. In the event that the Agent receives such
a notice, the Agent shall give prompt notice thereof to the Company, the Lenders
and the Issuing Banks.
 
10.10.  Rights as a Lender. In the event the Agent is a Lender or an Issuing
Bank, the Agent shall have the same rights and powers hereunder and under any
other Loan Document with respect to its Commitment and its Credit Extensions as
any Lender or any Issuing Bank and may exercise the same as though it were not
the Agent, and the term “Lender” or “Lenders” or “Issuing Bank” shall, at any
time when the Agent is a Lender or an Issuing Bank, unless the context otherwise
indicates, include the Agent in its individual capacity. The Agent and its
Affiliates may accept deposits from, lend money to, and generally engage in any
kind of trust, debt, equity or other transaction, in addition to those
contemplated by this Agreement or any other Loan Document, with each Borrower or
any of its Subsidiaries in which such Borrower or such Subsidiary is not
restricted hereby from engaging with any other Person. The Agent, in its
individual capacity, is not obligated to remain a Lender.
 
10.11.  Independent Credit Decision. Each Lender and each Issuing Bank
acknowledges that it has, independently and without reliance upon the Agent, any
Arranger or any other Lender or any other Issuing Bank and based on the
financial statements prepared by the Borrowers and such other documents and
information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement and the other Loan Documents. Each Lender
and each Issuing Bank also acknowledges that it will, independently and without
reliance upon the Agent, any Arranger or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under this
Agreement and the other Loan Documents.
 
10.12.  Successor Agent. The Agent may resign at any time by giving written
notice thereof to the Lenders, the Issuing Banks and the Borrowers, such
resignation to be effective upon the appointment of a successor Agent or, if no
successor Agent has been appointed, forty-five days after the retiring Agent
gives notice of its intention to resign. The Agent may be removed at any time
with or without cause by written notice received by the Agent from the Required
Lenders, such removal to be effective on the date specified by the Required
Lenders. Upon any such resignation or removal, the Required Lenders, with the
consent of the Borrowers (which consent shall not be unreasonably withheld or
delayed; provided that such consent shall not be required in the event and
continuation of a Default), shall have the right to appoint, on behalf of the
Borrowers and the Lenders, a successor Agent. If no successor Agent shall have
been so appointed by the Required Lenders or consented to by the Borrowers
within thirty days after the resigning Agent’s giving notice of its intention to
resign, then the resigning Agent may appoint, on behalf of the Borrowers and the
Lenders, a successor Agent. Notwithstanding the previous sentence, the Agent may
at any time without the consent of the Borrowers or any
 
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Lender or any Issuing Bank, appoint any of its Affiliates which is a commercial
bank as a successor Agent hereunder. If the Agent has resigned or been removed
and no successor Agent has been appointed, the Lenders may perform all the
duties of the Agent hereunder and the Borrowers shall make all payments in
respect of the Obligations to the applicable Lenders and for all other purposes
shall deal directly with the Lenders. No successor Agent shall be deemed to be
appointed hereunder until such successor Agent has accepted the appointment. Any
such successor Agent shall be a commercial bank having capital and retained
earnings of at least $100,000,000. Upon the acceptance of any appointment as
Agent hereunder by a successor Agent, such successor Agent shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties
of the resigning or removed Agent. Upon the effectiveness of the resignation or
removal of the Agent, the resigning or removed Agent shall be discharged from
its duties and obligations hereunder and under the Loan Documents. After the
effectiveness of the resignation or removal of an Agent, the provisions of this
Article X shall continue in effect for the benefit of such Agent in respect of
any actions taken or omitted to be taken by it while it was acting as the Agent
hereunder and under the other Loan Documents. In the event that there is a
successor to the Agent by merger, or the Agent assigns its duties and
obligations to an Affiliate pursuant to this Section 10.12, then the term “Prime
Rate” as used in this Agreement shall mean the prime rate, base rate or other
analogous rate of the new Agent.
 
10.13.  Agent and Arranger Fees. The Company agrees to pay to the Agent and each
Arranger, for their respective accounts, the agent and arranger fees agreed to
by the Borrowers, the Agent and the Arrangers pursuant to the letter agreements
dated June 13, 2005, or as otherwise agreed from time to time.
 
10.14.  Delegation to Affiliates. The Borrowers, the Lenders and the Issuing
Banks agree that the Agent may delegate any of its duties under this Agreement
to any of its Affiliates. Any such Affiliate (and such Affiliate’s directors,
officers, agents and employees) which performs duties in connection with this
Agreement shall be entitled to the same benefits of the indemnification, waiver
and other protective provisions to which the Agent is entitled under Articles IX
and X.
 
10.15.  Syndication Agent and Documentation Agents. The Lender identified in
this Agreement as the “Syndication Agent” and the Lenders identified in this
Agreement as the “Documentation Agents” shall have no right, power, obligation,
liability, responsibility or duty under this Agreement other than those
applicable to all Lenders as such. Without limiting the foregoing, such Lenders
shall not have or be deemed to have a fiduciary relationship with any other
Lender. Each Lender hereby makes the same acknowledgements with respect to such
Lenders as it makes with respect to the Agent in Section 10.11.
 
ARTICLE XI
 
SETOFF; RATABLE PAYMENTS
 
11.1.  Setoff. In addition to, and without limitation of, any rights of the
Lenders under applicable law, if a Borrower becomes insolvent, however
evidenced, or any Default occurs with respect to a Borrower, any and all
deposits (including all account balances, whether provisional or final and
whether or not collected or available) and any other Indebtedness at any time
held or
 
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owing by any Lender (including the Swingline Lender) or any Affiliate of any
Lender or any Issuing Bank to or for the credit or account of such Borrower may
be offset and applied toward the payment of the Obligations owing by such
Borrower to such Lender or such Issuing Bank, whether or not the Obligations, or
any part thereof, shall then be due.
 
11.2.  Ratable Payments. If any Lender, whether by setoff or otherwise, has
payment made to it upon its Revolving Credit Exposure (other than payments
received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion than
that received by any other Lender, such Lender agrees, promptly upon demand, to
purchase a participation in the Aggregate Revolving Credit Exposure held by the
other Lenders so that after such purchase each Lender will hold its Pro Rata
Share of the Aggregate Revolving Credit Exposure. If any Lender, whether in
connection with setoff or amounts which might be subject to setoff or otherwise,
receives collateral or other protection for its Obligations or such amounts
which may be subject to setoff, such Lender agrees, promptly upon demand, to
take such action necessary such that all Lenders share in the benefits of such
collateral ratably in proportion to their respective Pro Rata Shares of the
Aggregate Revolving Credit Exposure. In case any such payment is disturbed by
legal process, or otherwise, appropriate further adjustments shall be made.
 
ARTICLE XII
 
BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
 
12.1.  Successors and Assigns; Designated Lenders. 
 
12.1.1    Successors and Assigns. The terms and provisions of the Loan Documents
shall be binding upon and inure to the benefit of the Borrowers, the Agent, the
Issuing Banks and the Lenders and their respective successors and assigns
permitted hereby, except that (i) the Borrowers shall not have the right to
assign their rights or obligations under the Loan Documents without the prior
written consent of the Agent, each Lender and each Issuing Bank, (ii) any
assignment by any Lender must be made in compliance with Section 12.3, and (iii)
any transfer by Participants must be made in compliance with Section 12.2. Any
attempted assignment or transfer by any party not made in compliance with this
Section 12.1 shall be null and void, unless such attempted assignment or
transfer is treated as a participation in accordance with Section 12.3.2. The
parties to this Agreement acknowledge that clause (ii) of this Section 12.1
relates only to absolute assignments and this Section 12.1 does not prohibit
assignments creating security interests, including, without limitation, (x) any
pledge or assignment by any Lender of all or any portion of its rights under
this Agreement and any Note to a Federal Reserve Bank, (y) in the case of a
Lender which is a Fund, any pledge or assignment of all or any portion of its
rights under this Agreement and any Note to its trustee in support of its
obligations to its trustee or (z) any pledge or assignment by any Lender of all
or any portion of its rights under this Agreement and any Note to direct or
indirect contractual counterparties in swap agreements relating to the Loans;
provided, however, that no such pledge or assignment creating a security
interest shall release the transferor Lender from its
 
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obligations hereunder unless and until the parties thereto have complied with
the provisions of Section 12.3. The Agent may treat the Person which made any
Loan or which holds any Note as the owner thereof for all purposes hereof unless
and until such Person complies with Section 12.3; provided, however, that the
Agent may in its discretion (but shall not be required to) follow instructions
from the Person which made any Loan or which holds any Note to direct payments
relating to such Loan or Note to another Person. Any assignee of the rights to
any Loan or any Note agrees by acceptance of such assignment to be bound by all
the terms and provisions of the Loan Documents. Any request, authority or
consent of any Person, who at the time of making such request or giving such
authority or consent is the owner of the rights to any Loan (whether or not a
Note has been issued in evidence thereof), shall be conclusive and binding on
any subsequent holder or assignee of the rights to such Loan.
 
12.1.2   Designated Lenders.
 

(i)  
Subject to the terms and conditions set forth in this Section 12.1.2, any Lender
may from time to time elect to designate an Eligible Designee to provide all or
any part of the Loans to be made by such Lender pursuant to this Agreement;
provided that the designation of an Eligible Designee by any Lender for purposes
of this Section 12.1.2 shall be subject to the approval of the Agent (which
consent shall not be unreasonably withheld or delayed). Upon the execution by
the parties to each such designation of an agreement in the form of Exhibit F
hereto (a “Designation Agreement”) and the acceptance thereof by the Agent, the
Eligible Designee shall become a Designated Lender for purposes of this
Agreement. The Designating Lender shall thereafter have the right to permit the
Designated Lender to provide all or a portion of the Loans to be made by the
Designating Lender pursuant to the terms of this Agreement and the making of
such Loans or portion thereof shall satisfy the obligations of the Designating
Lender to the same extent, and as if, such Loan was made by the Designating
Lender. As to any Loan made by it, each Designated Lender shall have all the
rights a Lender making such Loan would have under this Agreement and otherwise;
provided, (x) that all voting rights under this Agreement shall be exercised
solely by the Designating Lender, (y) each Designating Lender shall remain
solely responsible to the other parties hereto for its obligations under this
Agreement, including the obligations of a Lender in respect of Loans made by its
Designated Lender and (z) no Designated Lender shall be entitled to
reimbursement under Article III hereof for any amount which would exceed the
amount that would have been payable by the Borrowers to the Lender from which
the Designated Lender obtained any interests hereunder. No additional Notes
shall be required with respect to Loans provided by a Designated Lender;
provided, however, to the extent any Designated Lender shall advance funds, the
Designating Lender shall be deemed to hold the Notes in its possession as an
agent for such Designated Lender to the extent of the Loan funded by such
Designated Lender. Such Designating Lender shall act as administrative agent for
its Designated Lender and give and receive notices and communications hereunder.
Any payments for the account of any Designated

 
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Lender shall be paid to its Designating Lender as administrative agent for such
Designated Lender and neither the Borrowers nor the Agent shall be responsible
for any Designating Lender’s application of such payments. In addition, any
Designated Lender may (1) with notice to, but without the consent of, the
Borrowers or the Agent, assign all or portions of its interests in any Loans to
its Designating Lender or to any financial institution consented to by the Agent
providing liquidity and/or credit facilities to or for the account of such
Designated Lender and (2) subject to advising any such Person that such
information is to be treated as confidential in accordance with Section 9.11,
disclose on a confidential basis any non-public information relating to its
Loans to any rating agency, commercial paper dealer or provider of any
guarantee, surety or credit or liquidity enhancement to such Designated Lender.
 

(ii)  
Each party to this Agreement hereby agrees that it shall not institute against,
or join any other Person in instituting against, any Designated Lender any
bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or
other proceedings under any federal or state bankruptcy or similar law for one
year and a day after the payment in full of all outstanding senior indebtedness
of any Designated Lender. This Section 12.1.2 shall survive the termination of
this Agreement.

 
12.2.  Participations.
 
12.2.1   Permitted Participants; Effect. Any Lender may at any time sell to one
or more banks or other entities (“Participants”) participating interests in any
Outstanding Credit Exposure of such Lender, any Note held by such Lender, any
Commitment of such Lender or any other interest of such Lender under the Loan
Documents. In the event of any such sale by a Lender of participating interests
to a Participant, such Lender’s obligations under the Loan Documents shall
remain unchanged, such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, such Lender shall remain
the owner of its Outstanding Credit Exposure and the holder of any Note issued
to it in evidence thereof for all purposes under the Loan Documents, all amounts
payable by the Borrowers under this Agreement shall be determined as if such
Lender had not sold such participating interests, and the Borrowers and the
Agent shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under the Loan Documents.
 
12.2.2   Voting Rights. Each Lender shall retain the sole right to approve,
without the consent of any Participant, any amendment, modification or waiver of
any provision of the Loan Documents other than any amendment, modification or
waiver with respect to any Credit Extension or Commitment in which such
Participant has an interest which would require consent of all of the Lenders
pursuant to the terms of Section 8.2.
 
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12.2.3   Benefit of Certain Provisions. The Borrowers agree that each
Participant shall be deemed to have the right of setoff provided in Section 11.1
in respect of its participating interest in amounts owing under the Loan
Documents to the same extent as if the amount of its participating interest were
owing directly to it as a Lender under the Loan Documents, provided that each
Lender shall retain the right of setoff provided in Section 11.1 with respect to
the amount of participating interests sold to each Participant. The Lenders
agree to share with each Participant, and each Participant, by exercising the
right of setoff provided in Section 11.1, agrees to share with each Lender, any
amount received pursuant to the exercise of its right of setoff, such amounts to
be shared in accordance with Section 11.2 as if each Participant were a Lender.
The Borrowers further agree that each Participant shall be entitled to the
benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to Section 12.3,
provided that (i) a Participant shall not be entitled to receive any greater
payment under Section 3.1, 3.2 or 3.5 than the Lender who sold the participating
interest to such Participant would have received had it retained such interest
for its own account, unless the sale of such interest to such Participant is
made with the prior written consent of the Borrowers, and (ii) any Participant
not incorporated under the laws of the United States of America or any State
thereof agrees to comply with the provisions of Section 3.5 to the same extent
as if it were a Lender.
 
12.3.  Assignments.
 
12.3.1   Permitted Assignments. Any Lender may at any time assign to one or more
banks or other entities (“Purchasers”) all or any part of its rights and
obligations under the Loan Documents. Such assignment shall be evidenced by an
agreement substantially in the form of Exhibit C or in such other form as may be
agreed to by the parties thereto (each such agreement, an “Assignment
Agreement”). Each such assignment with respect to a Purchaser which is not a
Lender or an Affiliate of a Lender or an Approved Fund shall either be in an
amount equal to the entire applicable Commitment and Outstanding Credit Exposure
of the assigning Lender or (unless each of the Borrowers and the Agent otherwise
consents) be in an aggregate amount not less than $5,000,000. The amount of the
assignment shall be based on the Commitment or, if the Commitments have been
terminated, the Outstanding Credit Exposure subject to the assignment,
determined as of the date of such assignment or as of the “Trade Date,” if the
“Trade Date” is specified in the Assignment Agreement. Each partial assignment
shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement, except that this sentence
shall not apply to rights in respect of outstanding Competitive Loans.
 
12.3.2   Consents. The consent of the Borrowers shall be required prior to an
assignment becoming effective unless the Purchaser is a Lender, an Affiliate of
a Lender or an Approved Fund, provided that the consent of the
 
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Borrowers shall not be required if (i) a Default has occurred and is continuing
or (ii) such assignment is in connection with the physical settlement of any
Lender’s obligations to direct or indirect contractual counterparties in swap
agreements relating to the Loans; provided, that the assignment without the
Borrowers’ consent pursuant to clause (ii) shall not increase the Borrowers’
liability under Section 3.5. The consent of the Agent and each Issuing Bank
shall be required prior to an assignment becoming effective. Any consent
required under this Section 12.3.2 shall not be unreasonably withheld or delayed
(except that any Issuing Bank may withhold such consent in its sole discretion).
 
12.3.3   Effect; Effective Date. Upon (i) delivery to the Agent of an Assignment
Agreement, together with any consents required by Sections 12.3.1 and 12.3.2,
and (ii) payment of a $3,500 fee to the Agent for processing such assignment
(unless such fee is waived by the Agent), such assignment shall become effective
on the effective date specified in such assignment. The Assignment Agreement
shall contain a representation and warranty by the Purchaser to the effect that
none of the funds, money, assets or other consideration used to make the
purchase and assumption of the Commitment and Outstanding Credit Exposure under
the applicable Assignment Agreement constitutes “plan assets” as defined under
ERISA and that the rights, benefits and interests of the Purchaser in and under
the Loan Documents will not be “plan assets” under ERISA. On and after the
effective date of such assignment, such Purchaser shall for all purposes be a
Lender party to this Agreement and any other Loan Document executed by or on
behalf of the Lenders and shall have all the rights, benefits and obligations of
a Lender under the Loan Documents, to the same extent as if it were an original
party thereto, and the transferor Lender shall be released with respect to the
Commitment and Outstanding Credit Exposure, if any, assigned to such Purchaser
without any further consent or action by the Borrowers, the Lenders or the
Agent. In the case of an assignment covering all of the assigning Lender’s
rights, benefits and obligations under this Agreement, such Lender shall cease
to be a Lender hereunder but shall continue to be entitled to the benefits of,
and subject to, those provisions of this Agreement and the other Loan Documents
which survive payment of the Obligations and termination of the Loan Documents.
Any assignment or transfer by a Lender of rights or obligations under this
Agreement that does not comply with this Section 12.3 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with Section 12.2. Upon the consummation of
any assignment to a Purchaser pursuant to this Section 12.3.3, the transferor
Lender, the Agent and the Borrowers shall, if the transferor Lender or the
Purchaser desires that its Loans be evidenced by Notes, make appropriate
arrangements so that, upon cancellation and surrender to the Borrowers of the
Notes (if any) held by the transferor Lender, new Notes or, as appropriate,
replacement Notes are issued to such transferor Lender, if applicable, and new
Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in
each case in principal amounts reflecting their 
 
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respective Commitments (or, if such Commitments have been terminated, their
respective Outstanding Credit Exposure), as adjusted pursuant to such
assignment.
 
12.3.4   Register. The Agent, acting solely for this purpose as an agent of the
Borrowers (and the Borrowers hereby designate the Agent to act in such
capacity), shall maintain at one of its offices in New York, New York a copy of
each Assignment and Assumption delivered to it and a register (the “Register”)
for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of and interest on the Loans owing to,
each Lender pursuant to the terms hereof from time to time and whether such
Lender is an original Lender or assignee of another Lender pursuant to an
assignment under this Section 13.3. The entries in the Register shall be
conclusive, absent manifest error and the Borrowers, the Agent and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrowers and any Lender, at any reasonable time and from time
to time upon reasonable prior notice.
 
12.4.  Dissemination of Information. The Borrowers authorize each Lender to
disclose to any Participant or Purchaser or any other Person acquiring an
interest in the Loan Documents by operation of law (each a “Transferee”) and any
prospective Transferee any and all information in such Lender’s possession
concerning the creditworthiness of the Borrowers and their Subsidiaries;
provided that each Transferee and prospective Transferee agrees to be bound by
Section 9.11 of this Agreement.
 
12.5.  Tax Certifications. If any interest in any Loan Document is transferred
to any Transferee which is not incorporated under the laws of the United States
or any State thereof, the transferor Lender shall cause such Transferee,
concurrently with the effectiveness of such transfer, to comply with the
provisions of Section 3.5(iv).
 
ARTICLE XIII
 
NOTICES
 
13.1.  Notices.
 
(a)   Except in the case of notices and other communications expressly permitted
to be given by telephone (and subject to paragraph (b) below), all notices and
other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by telecopy, as follows:
 

(ii)  
if to any Borrower, to it in care of Ameren Corporation, 1901 Chouteau Avenue,
St. Louis, MO 63103, Attention of Jerre E. Birdsong, Vice President and
Treasurer  (Telecopy No. (314) 554-3066);

 
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(iii)  
if to the Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group,
1111 Fannin, 10th Floor, Houston, TX 77002, Attention: Sylvia Gutierrez
(Telecopy No. (713) 427-6307), with a copy to JPMorgan Chase Bank, N.A., 270
Park Avenue, New York, NY 10017, Attention of Michael J. DeForge (Telecopy No.
(212) 270-3098);

 

(iv)  
if to any other Lender or Issuing Bank, to it at its address (or telecopy
number) set forth in its Administrative Questionnaire.

 
(a)   Notices and other communications to the Lenders and the Issuing Banks
hereunder may be delivered or furnished by electronic communications pursuant to
procedures approved by the Agent; provided that the foregoing shall not apply to
notices pursuant to Article II unless otherwise agreed by the Agent and the
applicable Lender. The Agent or any Borrower may, in its discretion, agree to
accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided that approval of
such procedures may be limited to particular notices or communications.
 
(b)   Any party hereto may change its address or telecopy number for notices and
other communications hereunder by notice to the other parties hereto. All
notices and other communications given to any party hereto in accordance with
the provisions of this Agreement shall be deemed to have been given on the date
of receipt.
 
13.2.  Change of Address. Any Borrower, the Agent, any Issuing Bank and any
Lender may each change the address for service of notice upon it by a notice in
writing to the other parties hereto.
 
ARTICLE XIV
 
COUNTERPARTS
 
This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one agreement, and any of the parties hereto may
execute this Agreement by signing any such counterpart. This Agreement shall be
effective when it has been executed by the Borrowers, the Agent, the Issuing
Banks and the Lenders and each party has notified the Agent by facsimile
transmission or telephone that it has taken such action.
 
ARTICLE XV
 
CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
 
15.1 CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY
EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK.
 
15.2 CONSENT TO JURISDICTION. EACH BORROWER HEREBY IRREVOCABLY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT
SITTING IN NEW
 
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YORK, NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY
LOAN DOCUMENTS AND EACH BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN
RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH
COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO
THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT
SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE
AGENT OR ANY LENDER TO BRING PROCEEDINGS AGAINST ANY BORROWER IN THE COURTS OF
ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY BORROWER AGAINST THE
AGENT OR ANY LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR
CONNECTED WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK,
NEW YORK.
 
15.3 WAIVER OF JURY TRIAL. EACH BORROWER, THE AGENT, EACH ISSUING BANK AND EACH
LENDER HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING,
DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR
OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN
DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.
 
[Signature Pages Follow]

 
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IN WITNESS WHEREOF, the Borrowers, the Lenders and the Agent have executed this
Agreement as of the date first above written.
 
AMEREN CORPORATION,
 
by
 
  /s/ Jerre E. Birdsong            
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

UNION ELECTRIC COMPANY,
 
by
 
  /s/ Jerre E. Birdsong             
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

CENTRAL ILLINOIS PUBLIC SERVICE COMPANY,
 
by
 
  /s/ Jerre E. Birdsong           
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

CENTRAL ILLINOIS LIGHT COMPANY,
 
by
 
  /s/ Jerre E. Birdsong           
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

 
SIGNATURE PAGE TO
AMEREN CORPORATION
AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT
 

--------------------------------------------------------------------------------

AMEREN ENERGY GENERATING COMPANY,
 
by
 
  /s/ Jerre E. Birdsong          
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

ILLINOIS POWER COMPANY,
 
by
 
  /s/ Jerre E. Birdsong          
Name: Jerre E. Birdsong
 
Title:   Vice President and
            Treasurer
   

SIGNATURE PAGE TO
AMEREN CORPORATION
AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT
 

--------------------------------------------------------------------------------

 
JPMORGAN CHASE BANK, N.A., as
Agent, as a Lender and as an Issuing Bank,
 
by
 
 / s/ Michael J. DeForge           
Name: Michael J. DeForge
 
Title:   Vice President
   

BARCLAYS BANK PLC, as Syndication
Agent, as a Lender and as an Issuing Bank,
 
by
 
  /s/ David Barton                     
Name: David Barton
 
Title:   Associate Director
   

SIGNATURE PAGE TO
AMEREN CORPORATION
AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT

--------------------------------------------------------------------------------

LENDER:  The Bank of New York
                                                                             by
 
  /s/ Raymond J. Palmer           
Name:  Raymond J. Palmer
 
Title:    Vice President
   

 
LENDER:  The Bank of Tokyo - Mitsubishi UFJ, Ltd.
                   Chicago Branch
                                                                             by
 
  /s/ Tsuguyuki Umene             
Name: Tsuguyuki Umene
 
Title:   Deputy General Manager
   

LENDER:  BNP Paribas
                                                                             by
 
  /s/ Mark A. Renaud             
Name: Mark A. Renaud
 
Title:   Managing Director
   

 
                                                                             by
 
  /s/ Dan Cozine                     
Name: Dan Cozine
 
Title:   Managing Director
   

 
LENDER:  CITIBANK N.A.
                                                                             by
 
  /s/ Dhaya Ranganathan      
Name  Dhaya Ranganathan
 
Title:   Director
   

 
LENDER: COMMERCE BANK, N.A.
                                                                             by
 
  /s/ Douglas P. Best              
Name:  Douglas P. Best
 
Title:    Vice President
   

 
LENDER: HSBC Bank USA, National Association
                                                                             by
 
  /s/ Jennifer Diedzic              
Name:  Jennifer Diedzic
 
Title:    Assistant Vice President
   

 
LENDER:  Fifth Third Bank, a Michigan Banking Corp.
                                                                             by
 
  /s/ Robert M. Sander           
Name:  Robert M. Sander
 
Title:    Vice President
   

 
LENDER:  LEHMAN BROTHERS BANK, FSB
                                                                             by
 
  /s/ Gary Taylor                     
Name:  Gary Taylor
 
Title:    Senior Vice President
   

 
LENDER:  MELLON BANK, N.A.
                                                                             by
 
  /s/ Mark W. Rogers             
Name:  Mark W. Rogers
 
Title:    Vice President
   

 
LENDER:  National City Bank of the Midwest
                                                                             by
 
  /s/ Eric Hartman                   
Name:  Eric Hartman
 
Title:    Vice President
   

 
LENDER:  The Northern Trust Company
                                                                             by
 
  /s/ Peter J. Hallan                 
Name:  Peter J. Hallan
 
Title:    Vice President
   

 
LENDER:  UBS Loan Finance LLC
                                                                             by
 
  /s/ Richard L. Tavrow          
Name:  Richard L. Tavrow
 
Title:    Director
             Banking Products
             Services, US
   

 
                                                                             by
 
  /s/ Christopher M. Aitkin    
Name:  Christopher M. Aitkin
 
Title:    Associate Director
             Banking Products
             Services, US
   

 
LENDER:  UMB Bank, N.A.
                                                                             by
 
  /s/ Cecil G. Wood                
Name:  Cecil G. Wood
 
Title:    Executive Vice President
   

 
LENDER:  U.S. Bank National Association
                                                                             by
 
  /s/ Karen Meyer                   
Name:  Karen Meyer
 
Title:    Vice President
   

 
LENDER:  Wachovia Bank, National Association
                                                                             by
 
  /s/ Shawn Young               
Name:  Shawn Young
 
Title:    Vice President
   

 
LENDER:  WILLIAM STREET COMMITMENT
                   CORPORATION (Recourse only to assets of
                   William Street Commitment Corporation)
                                                                             by
 
  /s/ Mark Walton                
Name:  Mark Walton
 
Title:    Assistant Vice President

____________________
* For Lenders requiring an additional signature.
SIGNATURE PAGE TO
AMEREN CORPORATION
AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT

--------------------------------------------------------------------------------

COMMITMENT SCHEDULE

COMMITMENT SCHEDULE TO
FIVE-YEAR REVOLVING CREDIT AGREEMENT
 
Lender
Commitment
 
JPMorgan Chase Bank, N.A.
$
100,000,000.00
 
Barclays Bank PLC
 
100,000,000.00
 
Lehman Brothers Bank, FSB
 
100,000,000.00
 
Citibank, N.A.
 
82,500,000.00
 
The Bank of New York
 
82,500,000.00
 
BNP Paribas
 
82,500,000.00
 
The Bank of Tokyo-Mitsubishi, Ltd., Chicago Branch
 
73,000,000.00
 
UBS Loan Finance LLC
 
73,000,000.00
 
US Bank
 
73,000,000.00
 
Wachovia Bank, N.A.
 
73,000,000.00
 
William Street Commitment Corporation
 
73,000,000.00
 
HSBC Bank USA, National Association
 
65,000,000.00
 
Fifth Third Bank
 
40,000,000.00
 
Mellon Bank, N.A.
 
40,000,000.00
 
The Northern Trust Company
 
36,000,000.00
 
Commerce Bank, N.A.
 
20,000,000.00
 
National City Bank of the Midwest
 
20,000,000.00
 
UMB Bank, N.A.
 
16,500,000.00
         
Aggregate Commitment
$
1,150,000,000.00
 

1

--------------------------------------------------------------------------------

LC COMMITMENT SCHEDULE

LC COMMITMENT SCHEDULE TO
 
FIVE-YEAR REVOLVING CREDIT AGREEMENT
 

 

 
Issuing Bank
 
LC Commitment
 
JPMorgan Chase Bank, N.A.
$
575,000,000.00
 
Barclays Bank PLC
 
575,000,000.00
 

 
1

--------------------------------------------------------------------------------

PRICING SCHEDULE
PRICING SCHEDULE
 

 
Applicable Margin or Fee
 
 
Level
I
Status
 
 
Level
II
Status
 
 
Level
III
Status
 
 
Level
IV
Status
 
 
Level
V
Status
 
 
Level
VI
Status
 
 
LIBOR
 Spread/LC
 Participation
 Fee (when
 Usage ≤
50.0%)
 
0.180%
 
 
0.220%
 
 
0.350%
 
 
0.425%
 
 
0.500%
 
 
0.800%
 
 
ABR Spread
(when Usage ≤
50.0%)
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
LIBOR
Spread/LC
Participation
Fee (when
Usage >
50.0%)
 
0.280%
 
 
0.320%
 
 
0.450%
 
 
0.525%
 
 
0.600%
 
 
1.050%
 
 
ABR Spread
(when Usage >
 50.0%)
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.000%
 
 
0.050%
 
 
Facility Fee
 
 
0.070%
 
 
0.080%
 
 
0.100%
 
 
0.125%
 
 
0.150%
 
 
0.200%
 

“Level I Status” exists at any date if, on such date, the applicable Borrower’s
Moody’s Rating is A2 or better or the applicable Borrower’s S&P Rating is A or
better.
 
“Level II Status” exists at any date if, on such date, (i) the applicable
Borrower has not qualified for Level I Status and (ii) the applicable Borrower’s
Moody’s Rating is A3 or better or the applicable Borrower’s S&P Rating is A- or
better.
 
“Level III Status” exists at any date if, on such date, (i) the applicable
Borrower has not qualified for Level I Status or Level II Status and (ii) the
applicable Borrower’s Moody’s Rating is Baa1 or better or the applicable
Borrower’s S&P Rating is BBB+ or better.
 
“Level IV Status” exists at any date if, on such date, (i) the applicable
Borrower has not qualified for Level I Status, Level II Status or Level III
Status and (ii) the applicable Borrower’s Moody’s Rating is Baa2 or better or
the applicable Borrower’s S&P Rating is BBB or better.
 
 
1

--------------------------------------------------------------------------------

“Level V Status” exists at any date if, on such date, (i) the applicable
Borrower has not qualified for Level I Status, Level II Status, Level III Status
or Level IV Status and (ii) the applicable Borrower’s Moody’s Rating is Baa3 or
better or the applicable Borrower’s S&P Rating is BBB- or better.
 
“Level VI Status” exists at any date if, on such date, the applicable Borrower
has not qualified for Level I Status, Level II Status, Level III Status, Level
IV Status, or Level V Status.
 
“Moody’s Rating” means, at any time, one of the following three ratings (in the
order in which they are to be referenced based on availablity): (i) the public
rating issued by Moody’s Investors Service, Inc. (“Moody’s”) and then in effect
with respect to the applicable Borrower’s senior unsecured long-term debt
securities without third-party credit enhancement, (ii) the public rating issued
by Moody’s and then in effect with respect to the applicable Borrower’s
Obligations under this Agreement without third-party credit enhancement or (iii)
the rating one level below the rating issued by Moody’s and then in effect with
respect to the applicable Borrower’s senior secured long-term debt or first
mortgage bond obligations (in each case, without third-party credit
enhancement).
 
“S&P Rating” means, at any time, one of the following three ratings (in the
order in which they are to be referenced based on availability): (i) the public
rating issued by Standard and Poor’s Rating Services (“S&P”) and then in effect
with respect to the applicable Borrower’s senior unsecured long-term debt
securities without third-party credit enhancement, (ii) the public rating issued
by S&P and then in effect with respect to the applicable Borrower’s Obligations
under this Agreement without third-party credit enhancement or (iii) the rating
one level below the rating issued by S&P and then in effect with respect to the
applicable Borrower’s senior secured long-term debt or first mortgage bond
obligations (in each case, without third-party credit enhancement).
 
“Status” means Level I Status, Level II Status, Level III Status, Level IV
Status, Level V Status or Level IV Status.
 
“Usage” refers to the Aggregate Outstanding Credit Exposure on any date
expressed as a percentage of the Aggregate Commitment on such date.
 
The Applicable Margin shall be determined in accordance with the foregoing table
based on the applicable Borrower’s Status as determined from its then-current
Moody’s Rating and S&P Rating. The Applicable Fee Rate shall be determined (a)
with respect to Facility Fees, in accordance with the foregoing table based on
the Company’s Status as determined from its then-current Moody’s Rating and S&P
Rating and (b) with respect to LC Participation Fees, in accordance with the
foregoing table based on the applicable Borrower’s Status as determined from its
then-current Moody’s Rating and S&P Rating. The credit rating in effect on any
date for the purposes of this Schedule is that in effect at the close of
business on such date. If at any time any Borrower has no Moody’s Rating or no
S&P Rating, Level VI Status shall exist with respect to such Borrower.
 
2

--------------------------------------------------------------------------------

If the Company or the applicable Borrower is split-rated and the ratings
differential is one level, then each rating agency will be deemed to have a
rating in the higher level. If the Company or the applicable Borrower is
split-rated and the ratings differential is two levels or more, then each rating
agency will be deemed to have a rating one level above the lower rating, unless
either rating is below BB+ or unrated (in the case of S&P) or below Ba1 or
unrated (in the case of Moody’s), in which case each rating agency will be
deemed to have a rating in the lower level.
 
 
3

--------------------------------------------------------------------------------

SCHEDULE 1

 
SCHEDULE 1
 
SUBSIDIARIES
(See Section 5.8)

 
 
Subsidiary
Jurisdiction of
Organization
Owned
By
Percent
Ownership
         
1.
Union Electric Company
Missouri
Ameren Corporation
100%
         
2.
Central Illinois Public
Service Company
Illinois
Ameren Corporation
100%
         
3.
CIPSCO Investment
Company
Illinois
Ameren Corporation
100%
         
4.
Ameren Energy, Inc.
Missouri
Ameren Corporation
100%
         
5.
Ameren Services Company
Missouri
Ameren Corporation
100%
         
6.
Ameren Illinois Transmission Company
Illinois
Ameren Corporation
100%
         
7.
Energy Risk Assurance
Company
Vermont
Ameren Corporation
100%
         
8.
Ameren Community
Development Company,
LLC
Missouri
Union Electric Company
100%
         
9.
Ameren Development
Company
Missouri
Ameren Corporation
100%
         
10.
Ameren Energy
Resources Company
Illinois
Ameren Corporation
100%
         
11.
AmerenEnergy Medina
Valley Cogen (No. 4) L.L.C.
Illinois
Ameren Energy Development Company
100%
         
12.
AmerenEnergy Medina
Valley Cogen (No. 2), L.L.C.
Illinois
AmerenEnergy Medina Valley Cogen (No. 4) L.L.C.
100%
         
13.
AmerenEnergy Medina
Illinois
AmerenEnergy Medina Valley
100%
 
Operations, L.L.C.
 
Cogen (No. 4) L.L.C.
           
14.
AmerenEnergy Medina
Valley Cogen, L.L.C.
Illinois
AmerenEnergy Medina Valley
Cogen (No. 2) L.L.C.
100%
     

 

 
1

--------------------------------------------------------------------------------

 

         
15.
Electric Energy, Inc.
Illinois
Union Electric Company
Ameren Energy Development Company
40%
     
40%
           
a. Joppa & Eastern
Railroad Company
Illinois
Electric Energy, Inc.
100%
                   
b. Met-South, Inc.
Illinois
Electric Energy, Inc.
100%
           
c. Midwest Electric
Power, Inc.
Illinois
Electric Energy, Inc.
100%
                   
d. Joppa Generating
Station LLC
Illinois
Electric Energy, Inc.
100%
                   
e. Massac Enterprises,
LLC
Illinois
Electric Energy, Inc.
100%
                 
16.
Union Electric Development Corporation
Missouri
Union Electric Company
100%
         
17.
Illinois Materials Supply Co.
Illinois
Ameren Energy Development Company
100%
         
18.
Ameren Energy Marketing
Company
Illinois
Ameren Energy Development
Company
100%
               
19.
Ameren Energy
Development Company
Illinois
Ameren Energy Resources
Company
100%
               
20.
Ameren Energy Generating
Company
Illinois
Ameren Energy Development
Company
100%
               
21.
Coffeen and Western
Railroad Company
Illinois
Ameren Energy Generating
Company
100%
               
22.
Ameren Energy Fuels and
Services Company
Illinois
Ameren Energy Development
Company
100%
               
23.
Ameren Energy
Communications, Inc.
Missouri
Ameren Development Company
100%
                 
24.
Ameren ERC, Inc.
Missouri
Ameren Development Company
100%
         
25.
Missouri Central Railroad
Company
Delaware
Ameren ERC, Inc.
100%
                 
26.
Gateway Energy Systems,
Missouri
Ameren ERC, Inc.
89.1%
 
L.C.
     

2

--------------------------------------------------------------------------------

 

         
27.
Gateway Energy WGK
Project, L.L.C.
Illinois
Gateway Energy Systems, L.C.
89.1%
                 
28.
CIPS Energy, Inc.
Illinois
Central Illinois Public Service
Company
100%
                 
29.
CIPSCO Venture
Company
Illinois
CIPSCO Investment Company
100%
                 
30.
CIPSCO Securities
Illinois
CIPSCO Investment Company
100%
 
Company
               
31.
CIPSCO Leasing Company
Illinois
CIPSCO Investment Company
100%
         
32.
CIPSCO Energy Company
Illinois
CIPSCO Investment Company
100%
         
33.
CLC Aircraft Leasing Co.
Illinois
CIPSCO Leasing Company
100%
         
34.
CLC Leasing Co. A
Illinois
CIPSCO Leasing Company
100%
         
35.
CEC-ACLP-Co.
Illinois
CIPSCO Energy Company
100%
         
36.
Cowboy Railroad Development Company
Arkansas
Ameren Energy Fuels and Services Company
70.97%
         
37.
AFS Development
Company, LLC
Illinois
Ameren Energy Fuels and
Services Company
100%
               
38.
Central Illinois Light Company
Illinois
CILCORP Inc.
100%
         
39.
CILCO Exploration and Development Co.
Illinois
Central Illinois Light Company
100%
                   
40.
CILCO Energy Corporation
Illinois
Central Illinois Light Company
100%
         
41.
CIM Energy Investment Inc.
Illinois
CILCORP Inc.
100%
         
42
CILCORP Lease
Management LLC
Delaware
Ameren Energy Resources
Company
100%
               
43.
CLM LLC - VIII
Delaware
Ameren Energy Resources
Company
100%
                 
44.
CLM LLC - VII
Delaware
Ameren Energy Resources
Company
100%
                 
45.
QST Enterprises Inc.
Illinois
CILCORP Inc.
100%
         
46.
QST Energy Inc.
Illinois
QST Enterprises Inc.
100%

3

--------------------------------------------------------------------------------

         
47.
QST Energy Trading Inc.
Illinois
QST Energy Inc.
100%
         
48.
CILCORP Infraservices
Inc.
Illinois
QST Enterprises Inc.
100%
         
49.
QST Inc.
Illinois
QST Enterprises Inc.
100%
         
50
ESE Land Corporation
Illinois
QST Enterprises Inc.
100%
         
51.
Savannah Resources
Corp.
California
ESE Land Corporation
100%
         
52.
ESE Placentia
Development Corporation
Illinois
ESE Land Corporation
100%
         
53.
CILCORP Venture Inc.
Illinois
CILCORP Inc.
100%
         
54.
CILCORP Energy
Services Inc.
Illinois
CILCORP Venture Inc.
100%
         
55.
Agricultural Research
& Development Corp.
Illinois
CILCORP Venture Inc.
80%
                 
56.
Illinois Power Company
Illinois
Ameren Corporation
100%
         
57.
IP Gas Supply Company
Illinois
Illinois Power Company
100%
         
58.
Illinois Power Transmission
Company, LLC
Delaware
Illinois Power Company
100%
                 
59.
Illinois Power Securitization
Limited Liability Company
Delaware
Illinois Power Company
100%
                 
60.
Illinois Power Special Purpose
Trust
Delaware
Illinois Power Securitization
Limited Liability Company
100%
               
61.
Illinois Power Financing I
Delaware
Illinois Power Company
100%
         
62.
Illinois Power Financing II
Delaware
Illinois Power Company
100%

 

4

--------------------------------------------------------------------------------

SCHEDULE 2

SCHEDULE 2

LIENS
(see Section 6.13.5)

None

1

--------------------------------------------------------------------------------

SCHEDULE 3

SCHEDULE 3

RESTRICTIVE AGREEMENTS
(see Section 6.16)

Following are the agreements or other arrangements existing as of the effective
date of the Amended and Restated Five-Year Revolving Credit Agreement dated as
of July 14, 2006, (the “Agreement”), among the Company, the Borrowing
Subsidiaries, the lending institutions identified therein as Lenders and
JPMorgan Chase Bank, as Administrative Agent and provisions, that prohibit,
restrict or impose any condition upon the ability of the Company or any
Subsidiary (other than a Project Finance Subsidiary) (i) to pay dividends or
make any other distribution on its common stock, (ii) to pay any Indebtedness or
other obligation owed to such Borrower or any other Subsidiary of such Borrower,
or (iii) to make loans or advances or other Investments in such Borrower or any
other Subsidiary of such Borrower. The following list does not include
restrictions and conditions imposed by law or by the above-referenced Agreement.
Terms defined in the above-referenced Agreement are used herein with the same
meanings.

Union Electric

Union Electric Subordinated Deferrable Interest Debentures 7.69% Series A due
2036: Dividend Restriction. If Union Electric exercises its right to extend the
interest payment period on the debentures, Union Electric may not, during any
such extension period, declare or pay any dividend on, or redeem, purchase,
acquire or make a liquidation payment with respect to, any of its capital stock
or make any guarantee payments with respect to the foregoing.

CIPS

CIPS Restated Articles of Incorporation: Dividend Restriction. So long as any
shares of the Cumulative Preferred Stock of CIPS are outstanding, dividends on
CIPS’ common stock are restricted at any time when the ratio of common stock
equity to total capitalization is not in excess of 25 percent.
CIPS Indenture of Mortgage dated October 1, 1941, as supplemented and amended:
Dividend Restriction. So long as any of the present First Mortgage Bonds issued
under this indenture are outstanding, no dividends may be declared or paid on
CIPS’ common stock, unless during the period from December 31, 1940 to the date
of payment of such dividends, the amounts expended by CIPS for maintenance and
repairs, plus the amounts provided for depreciation of the mortgaged properties,
plus the accumulations to earned surplus shall be at least equal to the amount
required to be expended by CIPS during such period for the purposes specified in
Section 1 of Article VII of this indenture.

Genco

Genco Indenture dated November 1, 2000, as supplemented: Restricted/Conditional
Payments. So long as any senior notes are outstanding, (a) if Genco’s Senior
Debt Service Coverage Ratio calculated on a Pro-Forma Basis (both as defined in
Article I of this indenture) is below 1.75 to 1.0 for the most recently ended
four fiscal quarters prior to the date of measurement or, based on projections
prepared by Genco, below 1.75 to 1.0 (or 1.50 to 1.0 under circumstances
described in Section 3.11(b) of this indenture) for any of the succeeding four
six-month periods from the month including the date of measurement, Genco may
not (i) pay dividends on or redeem or repurchase its capital stock or (ii) make
payments of principal or interest on any subordinated indebtedness Genco has
issued except for Genco’s $552 million promissory note with CIPS dated May 1,
2000 unless any such redemption or repurchase of capital stock or subordinated
indebtedness is paid from proceeds received from the concurrent issuance of
capital stock or other subordinated indebtedness, and (b) Genco may
 
 
 
1

--------------------------------------------------------------------------------

 
not make any principal payment on the $552 million promissory note with CIPS
other than the final payment due upon maturity if Genco does not have sufficient
Available Cash (as defined in Article I of this indenture) to do so. There are
no restrictions or conditions in the Indenture limiting Genco’s ability to make
repayments of borrowings under, or investments in, the Company’s Non-utility
Money Pool Agreement.

CILCORP

CILCORP (as successor to Midwest Energy, Inc.) Indenture dated as of October 18,
1999, as supplemented and/or amended: Limitation on Distributions. CILCORP shall
not make or pay any dividend, distribution or payment (including by way of
redemption, repurchase, retirement, return or repayment) in respect of shares of
its capital stock to any of its shareholders unless there exists no event of
default under the indenture and no such event of default will result from the
making of such distribution, and either (a) at the time and as a result of
making such distribution CILCORP’s leverage ratio does not exceed 0.67:1 and
CILCORP’s interest coverage ratio is not less than 2.2:1, or (b) if CILCORP is
not in compliance with the ratios described in clause (a) above, its senior
long-term debt ratings are at least BB+ from S&P, Baa2 from Moody’s and BBB from
Fitch, Inc.
CILCORP (as successor to Midwest Energy, Inc.) Indenture dated as of October 18,
1999, as supplemented and/or amended: Limitation on Intercompany Loans. CILCORP
shall not make any intercompany loan to The AES Corporation or any of its
affiliates (other than CILCORP or any of its direct or indirect subsidiaries)
unless there exists no event of default under the indenture and no such event of
default will result from the making of such intercompany loan, and either (a) at
the time and as a result of making such intercompany loan CILCORP’s leverage
ratio does not exceed 0.67:1 and CILCORP’s interest coverage ratio is not less
than 2.2:1, or (b) if CILCORP is not in compliance with the ratios described in
clause (a) above, its senior long-term debt ratings are at least BB+ from S&P,
Baa2 from Moody’s and BBB from Fitch, Inc.
CILCORP Pledge Agreement dated as of October 18, 1999, as amended or
supplemented: Encumbrance on CILCO Common Dividends. Common stock of CILCO is
pledged as collateral to holders of CILCORP indebtedness issued under the
indenture referred to above. Also included as collateral are all dividends,
cash, instruments and other property and proceeds distributed in respect of such
common stock excluding all cash dividends paid so long as no event of default
shall have occurred and be continuing. Any and all (i) dividends and other
distributions (other than cash dividends) received, receivable or otherwise
distributed in respect of, or in exchange for, any collateral (including the
CILCO common stock) and (ii) cash paid, payable or otherwise distributed in
redemption of, or in exchange for, any collateral, shall be delivered to the
collateral agent under this agreement to hold as collateral.

CILCORP By-Laws: Limitation on Intercompany Loans. CILCORP may not make loans or
advances to its parent or any of its affiliates with the exception of
subsidiaries of CILCORP. CILCORP also may not acquire obligations or securities
of its parent or any of its affiliates with the exception of subsidiaries of
CILCORP.

CILCO

CILCO Articles of Incorporation: Dividend Restriction. No dividends shall be
paid on CILCO’s common stock if, at the time of declaration, the balance of
retained earnings does not equal at least two times the annual dividend
requirement on all outstanding shares of preferred stock and amounts to be paid
or set aside for any sinking fund for the retirement of Class A Preferred Stock
of any series have not been paid or set aside.

IP

IP 11 ½% Mortgage Bonds due 2010: Triggering Events. A “Triggering Event” will
occur under these bonds if IP declares or pays any dividends or makes any other
payment or distribution with respect to IP’s common stock, or makes any loan to
or certain investments in any affiliate other than a subsidiary, unless the
aggregate amount of such payments, along with other restricted payments defined
in the related financing documents, do not exceed $5 million in the aggregate,
or unless a) no default would occur as the result of making such
 
 
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payment, b) at the time of, and after giving effect to such payment, IP would be
able to incur additional indebtedness pursuant to a fixed charge coverage ratio
test set forth in the related financing documents, and c) such payment, along
with all other such restricted payments made since the offering date of these
bonds is less than the sum of 50% of consolidated net income of IP since the
offering of these bonds plus net cash proceeds received by IP through equity
infusions or other permitted means. Upon the occurrence of a “Triggering Event,”
the holders of at least 25% of these bonds will be able to require the
redemption of these bonds at a redemption price equal to 100% of the aggregate
principal amount plus accrued and unpaid interest. IP will not be subject to the
“Triggering Events” described above at any time that these bonds are rated
investment grade by both S&P and Moody’s.

Illinois Power Securitization Limited Liability Company - as “Grantee” under
Illinois Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose
Trust Transitional Funding Trust Notes, Series 1998-1: Limitation on
Intercompany Loans. Grantee may not make any loan, advance or certain other
investments to or in any other person.

Illinois Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose
Trust Transitional Funding Trust Notes, Series 1998-1: Dividend Restriction. So
long as any Transitional Funding Trust Notes are outstanding, the Trust shall
not, directly or indirectly, (a) pay any dividend or make any distribution (by
reduction of capital or otherwise), whether in cash, property, securities or a
combination thereof, to any owner of a beneficial interest in the Trust or
otherwise with respect to any ownership or equity interest or similar security
in or of the Trust, (b) redeem, purchase, retire or otherwise acquire for value
any such ownership or equity interest or similar security or (c) set aside or
otherwise segregate any amounts for any such purpose; provided, however, that,
if no event of default shall have occurred and be continuing, the Trust may
make, or cause to be made, any such distributions to any owner of a beneficial
interest in the Trust or otherwise with respect to any ownership or equity
interest or similar security in or of the Trust using funds distributed to the
Trust under certain provisions of the indenture relating to the Transitional
Funding Trust Notes providing for payment to the Trust of balance of Trust
accounts after principal of and premium, if any, and interest on all
Transitional Funding Trust Notes of all series and a number of other amounts
have been paid, to the extent that such distributions would not cause the book
value of the remaining equity in the Trust to decline below 0.5% of the original
principal amount of all series of Transitional Funding Trust Notes which remain
outstanding.

Illinois Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose
Trust Transitional Funding Trust Notes, Series 1998-1: Limitation on
Intercompany Loans. The Trust may not make any loan, advance or certain other
investments to or in any other person.
 
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SCHEDULE 4

SCHEDULE 4

REGULATORY AUTHORIZATIONS
(See Sections 4.1.6 and 5.18)

The Federal Energy Regulatory Commission has issued the following orders under
the Federal Power Act to authorize the incurrence by Union Electric Company
(“Union Electric”), Central Illinois Public Service Company (“CIPS”), Central
Illinois Light Company (“CILCO”), Illinois Power Company (“IP”), and Ameren
Energy Generating Company (“Genco”) of the Indebtedness contemplated by this
Agreement:

·  
Order issued on March 31, 2005 (Docket Nos. ER05-638-000, et al.): grants IP
blanket authorization to issue securities and assume liabilities, including
borrowing under this Agreement.

·  
Letter order issued on March 23, 2006 (Docket No. ES06-17-000) as clarified by
Order Granting Rehearing issued on May 25, 2006 (Docket No. ES06-17-001):
authorizes the incurrence of short-term indebtedness by each of Union Electric,
Genco, CIPS and CILCO in an aggregate principal amount outstanding not to exceed
the following amounts for each, subject to, among other things, the condition
that all such indebtedness be issued on or before March 31, 2008: Union Electric
- $1,000,000,000; Genco - $300,000,000; CIPS - $250,000,000 and CILCO -
$250,000,000. This letter order also authorizes Genco to incur long-term
indebtedness in an aggregate principal amount outstanding not to exceed
$500,000,000.

 

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