Document:

EX-4.1

 Exhibit 4.1 
  

 
  

SUPPLEMENTAL INDENTURE NO. 7 

Dated as of March 1, 2018 

Between 
 KANSAS CITY
POWER & LIGHT COMPANY, 
 As Issuer 

and 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., 
 As Trustee 

Creating a series of Notes to be designated as: 

4.20% Notes Due 2048 
  

 
  

 THIS SUPPLEMENTAL INDENTURE NO. 7 (this “Supplemental Indenture”), dated
as of March 1, 2018, is between KANSAS CITY POWER & LIGHT COMPANY, a Missouri corporation (“Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association (formerly The Bank of New York
Trust Company, N.A.), as Trustee (“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an Indenture, dated as of May 1, 2007 (the “Original
Indenture” and, as hereby supplemented, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s Notes; 

WHEREAS, pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a series of Notes to be designated as
the “4.20% Notes due 2048” (the “2048 Notes”), the form and substance of the 2048 Notes and the terms, provisions and conditions thereof to be set forth as provided in the Original Indenture and this Supplemental
Indenture; 
 WHEREAS, Section 2.05(c) of the Original Indenture provides that various matters with respect to any series of Notes
issued under the Indenture may be established in an indenture supplemental to the Indenture; 
 WHEREAS, Section 13.01(a)(3) of the
Original Indenture provides that the Company and the Trustee may enter into an indenture supplemental to the Indenture to establish the form of Notes of any series as permitted by Section 2.01 of the Original Indenture or to establish or
reflect any terms of any Note of any series determined pursuant to Section 2.05 of the Original Indenture; and 
 WHEREAS, all acts and
things necessary to make this Supplemental Indenture, when duly executed and delivered, a valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed, have been done and performed; and the execution and
delivery of this Supplemental Indenture have been in all respects duly authorized. 
 NOW, THEREFORE, in consideration of the foregoing and
for other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the Company and the Trustee for the equal and ratable benefit of the Holders of the 2048 Notes and for the benefit of the Trustee as
follows: 
 ARTICLE ONE 

Relation to Indenture; Additional Definitions 

Section 1.01.    Relation to Indenture. This Supplemental Indenture constitutes an integral part of the
Original Indenture. 
 Section 1.02.    Additional Definitions. Unless the context otherwise requires, a
term defined in the Original Indenture has the same meaning when used in this Supplemental 

 
Indenture; provided, however, that, where a term is defined both in this Supplemental Indenture and in the Original Indenture, the meaning given to such term in this Supplemental Indenture shall
control for purposes of this Supplemental Indenture and the Original Indenture. 
 “Comparable Treasury Issue”
means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the 2048 Notes to be redeemed (assuming, for this purpose, that the 2048 Notes matured on the Par Call Date) that
would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the 2048 Notes. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference
Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, (2) if the Quotation Agent obtains fewer than four of such Reference Treasury Dealer Quotations, the
average of all such quotations, or (3) if only one such Reference Treasury Dealer Quotation is received, such Reference Treasury Dealer Quotation. 

“Corporate Trust Office” means the designated office of the Trustee at which at any particular time its
corporate trust business shall be administered, which office at the date hereof is located at 2 North LaSalle Street, 7th Floor, Chicago, Illinois 60602, Attention: Corporate Trust Administration;
telecopy: (312) 827-8542. 
 “DTC” has the meaning set forth in
Section 2.05 
 “Maturity Date” has the meaning set forth in Section 2.03. 

“Note Registrar” means The Bank of New York Mellon Trust Company, N.A., hereby appointed as an agency of the
Company in accordance with Section 6.02 of the Original Indenture. 
 “Original Indenture” has the
meaning set forth in the first paragraph of the Recitals hereof. 
 “Par Call Date” means September 15,
2047. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (1) each of J.P. Morgan Securities LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Wells Fargo Securities, LLC or their respective affiliates and successors, unless any of them ceases to be a primary U.S. government securities dealer in the United States of America (a “Primary Treasury
Dealer”), in which case the Company will substitute therefor another Primary Treasury Dealer, (2) a Primary Treasury Dealer selected by MUFG Securities Americas Inc., and (3) one other Primary Treasury Dealer selected by the Company.

  
 2 

 “Reference Treasury Dealer Quotations” means, with respect to
each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time on the third Business Day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

“2048 Notes” has the meaning set forth in the second paragraph of the Recitals hereof. 

All references herein to Articles, Sections or Exhibits, unless otherwise specified, refer to the corresponding Articles, Sections or Exhibits
of this Supplemental Indenture. The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Supplemental Indenture. 

ARTICLE TWO 
 The Series
of Notes 
 Section 2.01.    Title of the Notes. The 2048 Notes shall be designated as the
“4.20% Notes due 2048.” 
 Section 2.02.    Limitation on Aggregate Principal Amount. The
Trustee shall authenticate and deliver 2048 Notes for original issue on the Original Issue Date in the aggregate principal amount of $300,000,000, upon a Company Order for the authentication and delivery thereof and satisfaction of Sections 2.01(a)
and 2.05(c) of the Original Indenture. Such order shall specify the amount of the 2048 Notes to be authenticated, the date on which the original issue of 2048 Notes is to be authenticated and the name or names of the initial Holder or Holders. The
aggregate principal amount of 2048 Notes that may initially be outstanding shall not exceed $300,000,000; provided, however, that the authorized aggregate principal amount of the 2048 Notes may be increased above such amount without the
consent of the Holders of any then outstanding 2048 Notes by a Board Resolution authorizing such increase. Any additional notes issued pursuant to such increase must rank equally and ratably with, and have the same interest rate, maturity and other
terms (except for the price to public, the Original Issue Date and the first Interest Payment Date, as applicable) as, the 2048 Notes; provided that if any such additional notes are not fungible for U.S. federal income tax purposes with the 2048
Notes, such additional notes will be issued under a separate CUSIP number. Any such additional notes, together with the 2048 Notes, will constitute a single series of notes under the Indenture. 

Section 2.03.    Stated Maturity. The Stated Maturity of the 2048 Notes shall be March 15, 2048 (the
“Maturity Date”). 
 Section 2.04.    Interest and Interest Rate. 

  
 3 

 (a)    The 2048 Notes shall bear interest at the rate of 4.20% per annum,
from and including their Original Issue Date of March 1, 2018, or from the most recent Interest Payment Date to which interest has been paid, to, but excluding, the Maturity Date. Such interest shall be payable semi-annually in arrears, on the
Interest Payment Dates of March 15 and September 15 in each year, commencing on September 15, 2018 Interest accrued on the 2048 Notes from the last Interest Payment Date before the Maturity Date shall be payable on the Maturity Date.

 (b)    The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the Persons in whose names the 2048 Notes (or one or more predecessor securities) are registered on the Regular Record Date for such Interest Payment Date, being the close of business on the fifteenth calendar day prior to such Interest Payment
Date, whether or not such day is a Business Day. 
 Section 2.05.    Place of Payment. Principal and
interest payments on the 2048 Notes will be made by the Company to The Depository Trust Company (“DTC”) while it is the Depositary for the 2048 Notes, or if DTC shall cease to be the Depositary for the 2048 Notes, to the Trustee at
its offices, as paying agent. 
 Section 2.06.    Place of Registration or Exchange; Notices and Demands With
Respect to the 2048 Notes. The place where the Holders of the 2048 Notes may present the 2048 Notes for registration of transfer or exchange and may make notices and demands to or upon the Company in respect of the 2048 Notes shall be the
Corporate Trust Office of the Trustee. 
 Section 2.07.    Global Notes. 

(a)    The 2048 Notes shall be issuable in whole or in part in the form of one or more permanent Global Notes in
definitive, fully registered, book-entry form, without interest coupons. The Global Note shall be deposited on the Original Issue Date with, or on behalf of, the Depositary. 

(b)    DTC shall initially serve as Depositary with respect to the Global Note. Such Global Note shall bear the legend set
forth in the form of 2048 Note attached as Exhibit A. 
 Section 2.08.    Form of Securities. The
Global Note shall be substantially in the form attached as Exhibit A. 
 Section 2.09.    Note Registrar.
The Trustee shall initially serve as the Note Registrar for the 2048 Notes. 
 Section 2.10.    Sinking Fund
Obligations. The Company shall have no obligation to redeem or purchase any 2048 Notes pursuant to any sinking fund or analogous requirement or upon the happening of a specified event or at the option of Holder thereof. 

  
 4 

 ARTICLE THREE 

Optional Redemption of the 2048 Notes 

Section 3.01.    Redemption. Except as described in Article III of the Original Indenture and this
Section 3.01, the 2048 Notes may not be redeemed prior to the Maturity Date; provided however, that, to the extent any provision of Article Three of this Supplemental Indenture is inconsistent with Article III of the Original Indenture, the
provisions of Article Three of this Supplemental Indenture shall supersede the provisions of Article III of the Original Indenture with respect to the 2048 Notes (but not any other series of Notes). Prior to the Par Call Date, the Company shall have
the right to redeem the 2048 Notes, at its option, at any time in whole, or from time to time in part, at a redemption price equal to the greater of: 

(i)    100% of the principal amount of the 2048 Notes being redeemed; and 

(ii)    the sum of the present values of the remaining scheduled payments of principal and interest on the
2048 Notes being redeemed that would be due if the 2048 Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 20 basis points; 

plus, in each case, accrued and unpaid interest on the principal amount of the 2048 Notes being redeemed to, but excluding, the redemption date. 

On or after the Par Call Date, the Company shall have the right to redeem the 2048 Notes, at its option, at any time in whole, or from time to
time in part, at a redemption price equal to 100% of the principal amount of the 2048 Notes being redeemed, plus accrued and unpaid interest on the principal amount of the 2048 Notes being redeemed to, but excluding, the redemption date. 

Notwithstanding the foregoing, installments of interest on the 2048 Notes that are due and payable on an Interest Payment Date falling on our
prior to a redemption date shall be payable on such Interest Payment Date to the Holders as of the close of business on the relevant Regular Record Date. 

Notice of redemption to each Holder of 2048 Notes to be redeemed as a whole or in part shall be given by the Trustee, in the manner provided
in Section 15.10 of the Original Indenture, no less than 10 or more than 60 days prior to the date fixed for redemption. Any notice which is given in the manner herein provided shall be conclusively presumed to have been duly given, whether or
not the Noteholder receives the notice. In any case, failure duly to give such notice, or any defect in such notice, to the Holder of any 2048 Note designated for redemption as a whole or in part shall not affect the validity of the proceedings for
the redemption of any other 2048 Note. 

  
 5 

 ARTICLE FOUR 

Miscellaneous Provisions 

Section 4.01.    The Original Indenture, as supplemented by this Supplemental Indenture, is in all respects hereby
adopted, ratified and confirmed. 
 Section 4.02.    This Supplemental Indenture may be executed in any number of
counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. 

Section 4.03.    THIS SUPPLEMENTAL INDENTURE AND EACH 2048 NOTE SHALL BE GOVERNED BY AND DEEMED TO BE A CONTRACT MADE
UNDER, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 

Section 4.04.    If any provision in this Supplemental Indenture limits, qualifies or conflicts with another
provision hereof that is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

Section 4.05.    In case any provision in this Supplemental Indenture or the 2048 Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 4.06.    The recitals contained herein shall be taken as the statements of the Company, and the Trustee
assumes no responsibility for their correctness. The Trustee makes no representations as to the proper authorization or due execution hereof or of the 2048 Notes by the Company or as to the validity or sufficiency of this Supplemental Indenture or
the 2048 Notes. The Trustee shall not be accountable for the use or application by the Company of the 2048 Notes or the proceeds of the 2048 Notes. All of the rights, protections, benefits, immunities and indemnities afforded or given to the Trustee
pursuant to the Original Indenture shall apply to and be enforceable by the Trustee acting in each of its capacities relating to the 2048 Notes and pursuant to this Supplemental Indenture mutatis mutandi as if set forth and incorporated
herein. The Trustee is acting hereunder, not in its individual capacity, but solely in its capacity as Trustee, Note Registrar and paying agent for the 2048 Notes under the Indenture. 

*            *           
  *            * 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the day and year first above written. 
  

					
	KANSAS CITY POWER & LIGHT COMPANY
		
	By	 	 /s/ Lori A. Wright

		 	Name:	 	Lori A. Wright
		 	Title:	 	Vice President – Corporate Planning, Investor Relations and Treasurer

  

					
	[CORPORATE SEAL]
	
	ATTEST:
		
	By:	 	 /s/ Ellen E. Fairchild

		 	Name:	 	Ellen E. Fairchild
		 	Title:	 	Vice President, Chief Compliance Officer and Corporate Secretary

  

					
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

		
	By	 	 /s/ Valere Boyd

		 	Name:	 	Valere Boyd
		 	Title:	 	Vice President

  
 7 

					
	STATE OF MISSOURI	 	)	 	
		 	)            ss.	 	
	COUNTY OF JACKSON	 	)	 	

 On the 1st day of March, 2018, before me personally came Lori A. Wright, to me known, who, being by me duly
sworn, did depose and say that she is Vice President – Corporate Planning, Investor Relations and Treasurer of KANSAS CITY POWER & LIGHT COMPANY, one of the corporations described in and which executed the above instrument; that she
knows the corporate seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that she signed her name thereto by like
authority. 
 [NOTARIAL SEAL] 
  

	
	 /s/ Annette G. Carter

	Notary Public

  
 8 

					
	STATE OF MISSOURI	 	)	 	
		 	)             ss.	 	
	COUNTY OF JACKSON	 	)	 	

 On the 1st day of March, 2018, before me personally came Ellen E. Fairchild, to me known, who, being by me
duly sworn, did depose and say that she is Vice President, Chief Compliance Officer and Corporate Secretary of KANSAS CITY POWER & LIGHT COMPANY, one of the corporations described in and which executed the above instrument; that she knows
the corporate seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed by authority of the Board of Directors of said corporation; and that she signed her name thereto by like authority.

 [NOTARIAL SEAL] 
  

	
	 /s/ Annette G. Carter

	Notary Public

  
 9 

 Exhibit A 

[FORM OF NOTE] 
 [Global Note] 

For as long as this Global Note is deposited with or on behalf of The Depository Trust Company it shall bear the following legend: 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO KANSAS CITY
POWER & LIGHT COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENTS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 KANSAS CITY POWER & LIGHT COMPANY 

4.20% Notes due 2048 
  

			
	Interest Rate: 4.20% per annum	  	Principal Sum $300,000,000
	Maturity Date: March 15, 2048	  	CUSIP No. 485134 BR0
	Registered Holder:                    	  	

 KANSAS CITY POWER & LIGHT COMPANY, a Missouri corporation (hereinafter called the
“Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to the registered Holder named above or registered assigns, on the maturity date
stated above, the principal sum stated above and to pay interest thereon from March 1, 2018, or from the most recent Interest Payment Date to which interest has been duly paid or provided for, initially on September 15, 2018, and
thereafter semi-annually on March 15 and September 15 of each year, at the interest rate stated above, until the date on which payment of such principal sum has been made or duly provided for. The interest so payable on any Interest
Payment Date will be paid to the person in whose name this Note is registered at the close of business on the fifteenth calendar day prior to such Interest Payment Date (whether or not such day is a Business Day), except as otherwise provided in the
Indenture. 
 The principal and interest payments on this Note will be made by the Company to the registered Holder named above. All such
payments shall be made in such coin or currency of the United States of America as at the time of payment is legally tender for payment of public and private debts. 

  
 A-1 

 This Note is one of a duly authorized issue of notes of the Company (herein called the
“Notes”), issued under an Indenture, dated as of May 1, 2007, as supplemented by Supplemental Indenture No. 7, dated as of March 1, 2018 (herein called the “Indenture,” which term shall have the
meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as Trustee (herein called the “Trustee,” which term includes
any successor trustee under the Indenture). Reference is made to the Indenture and any supplemental indenture thereto for the provisions relating, among other things, to the respective rights of the Company, the Trustee and the Holders of the Notes,
and the terms on which the Notes are authenticated and delivered. This Note is one of the series designated on the face hereof, initially limited in aggregate principal amount to $300,000,000; provided, however, that the authorized aggregate
principal amount of the Notes may be increased above such amount by a Board Resolution authorizing such increase. Any additional notes issued pursuant to such increase must rank equally and ratably with, and have the same interest rate, maturity and
other terms (except for the price to public, the Original Issue Date and the first Interest Payment Date, as applicable) as, the Notes. Any additional notes, together with the Notes, will constitute a single series of Notes under the Indenture;
provided that if any such additional notes are not fungible for U.S. federal income tax purposes with the Notes, such additional notes will be issued under a separate CUSIP number. 

Prior to the Par Call Date, the Company shall have the right to redeem the Notes, at its option, at any time in whole, or from time to time in
part, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes being redeemed
that would be due if the Notes matured on the Par Call Date (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 20 basis points; plus, in each case, accrued and unpaid interest on the principal amount of the
Notes being redeemed to, but excluding, the redemption date. 
 On or after the Par Call Date, the Company shall have the right to redeem
the Notes, at its option, at any time in whole, or from time to time in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on the principal amount of the Notes being
redeemed to, but excluding, the redemption date. 
 For purposes of determining the redemption price: 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose, that the Notes matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing
new issues of corporate debt securities of comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury
Price” means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after 

  
 A-2 

 
excluding the highest and lowest of such Reference Treasury Dealer Quotations, (2) if the Quotation Agent obtains fewer than four of such Reference Treasury Dealer Quotations, the average of
all such Reference Treasury Dealer Quotations, or (3) if only one such Reference Treasury Dealer Quotation is received, such Reference Treasury Dealer Quotation. 

“Par Call Date” means September 15, 2047. 

“Quotation Agent” means a Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (1) each of J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Wells Fargo Securities, LLC or their respective affiliates and successors, unless any of them ceases to be a primary U.S. government securities dealer in the United States of America (a “Primary Treasury Dealer”), in which
case the Company will substitute therefor another Primary Treasury Dealer, (2) a Primary Treasury Dealer selected by MUFG Securities Americas Inc., and (3) one other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal
to the Comparable Treasury Price for such redemption date. 
 The Indenture contains provisions for defeasance at any time of (i) the
entire indebtedness of this Note and (ii) the Company’s obligations under the Indenture and this Note with respect to certain covenants and related Events of Default, upon compliance by the Company with certain conditions set forth in the
Indenture. 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal of this Note may be declared due
and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as therein
provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in aggregate principal amount of the securities at the time Outstanding of all series to be affected, considered as one class. The Indenture contains provisions permitting the Holders of a majority in aggregate
principal amount of the securities of any series at the time Outstanding, on behalf of the Holders of all securities of such series, to waive certain past defaults or Events of Default under the Indenture, and their consequences. Any such consent or
waiver by the Holder of this Note shall 

  
 A-3 

 
be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued in exchange, substitution or upon the registration or transfer hereof, irrespective of
whether or not notation of such consent or waiver is made upon this Note. 
 No reference herein to the Indenture and no provision of this
Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of (and premium, if any) and interest on this Note at the times, place and rate, and in the coin or currency,
herein provided. 
 This Note is issuable as a registered Note only, in the minimum denomination of $2,000 and integral multiples of $1,000
in excess thereof. 
 As provided in the Indenture, this Note is transferable by the registered Holder hereof in person or by his attorney
duly authorized in writing on the books of the Company at the office or agency to be maintained by the Company for that purpose. Upon any registration of transfer, a new registered Note or Notes, of authorized denomination or denominations, and in
the same aggregate principal amount, will be issued to the transferee in exchange therefor. 
 The Company, the Trustee, any paying agent
and any Authenticating Agent may deem and treat the registered Holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue) for the purpose of receiving payment of or on account of the principal of (and premium, if
any) and interest on this Note as herein provided and for all other purposes, and neither the Company nor the Trustee nor any paying agent nor any Authenticating Agent shall be affected by any notice to the contrary. 

No recourse shall be had for the payment of the principal of or any premium or interest on this Note, or for any claim based hereon, or
otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator or against any past, present or future stockholder, officer or member of the Board of Directors, as such, of the
Company, whether by virtue of any constitution, state or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof,
expressly waived and released. 
 This Note shall be governed by and deemed to be a contract made under, and construed in accordance with,
the laws of the State of New York, and for all purposes shall be construed in accordance with the laws of the State of New York without regard to conflicts of law principles thereof. 

All terms used in this Note which are defined in the Indenture and not defined herein shall have the meaning assigned to them in the
Indenture. 
 This Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose until the
certificate of authentication on the face hereof is manually signed by the Trustee. 

  
 A-4 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed by the manual or
facsimile signatures of the Senior Vice President – Finance and Strategy and Chief Financial Officer and the Vice President – Corporate Planning, Investor Relations and Treasurer of the Company, and a facsimile of its corporate seal to be
affixed or reproduced hereon. 
  

			
	KANSAS CITY POWER & LIGHT COMPANY
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

 (SEAL) 
  

			
	By:	 	
                     
                    

		 	Name:
		 	Title:

 Dated:
                     
 ATTEST: 

 

                          
       
  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	This is one of the Notes of the series designated herein issued under the Indenture described herein.
	
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

		
	By:	 	  

		 	 Authorized Signatory

 Dated:
                     

  
 A-5atni_EX_10-25

		

			Exhibit 10.25

		

			

					

						

					

					

						 

					

					

						20701 Cooperative Way

					

						Dulles, Virginia 20166

					

						703-467-1800  |  www.rtfc.coop

				
	

					

						 

				
	

					

						 

				

		

			 

		

		

			 

		

		
			February 27, 2018
		

		
			Via Email & U.S. Mail
		

		
			Ms. Michele Satrowsky
		

		
			Vice President – Corporate Treasurer
		

		
			ATN International, Inc.
		

		
			500 Cummings Center, Suite 2450
		

		
			Beverly, MA 01915
		

		
			Re: Limited Waiver of Net Leverage Ratio Covenant
		

		
			Dear Ms. Satrowsky
		

		
			Rural Telephone Finance Cooperative (“RTFC”) has received from ATN VI Holdings, LLC (the “Borrower”) a request to waive compliance with the Borrower's Net Leverage financial ratio requirements that is contained in one or more loan agreements between RTFC and the Borrower.
		

		
			RTFC hereby waives the Borrower's compliance with the above-referenced financial ratio, subject to the following conditions:
		

		
			(a)  This is a limited waiver with respect to the financial ratio specified herein as calculated for the Borrower's fiscal year ended December 31, 2017.
		

		
			(b)  This limited waiver shall not be construed as a waiver of any other term, condition or provision of any loan agreement or other credit agreement with RTFC.
		

		
			(c)  This limited waiver shall not be construed as a waiver of any term, condition or provision of any loan agreement or other credit agreement with RTFC with respect to meeting future financial ratio requirements.
		

		
			(d)  Except as specifically waived by RTFC herein, each and every term, condition and provision contained in any loan agreement or other credit agreement with RTFC shall remain unchanged and in full force and effect.
		

		
			If the foregoing accurately describes our mutual understanding of the effect of this limited waiver and the conditions under which it is granted, please so indicate by signing this correspondence where indicated and returning the original to RTFC.
		

		
			If you have any questions, please feel free to call me at 800-346-7095.
		

		
			 
		

		
			 
		

		
			

		 

 

		

			Ms. Michele Satrowsky 

		

		

			ATN International, Inc. 

		

		

			February 27, 2018

		

		

			Page2

		

		

		
			Sincerely,
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						/s/ Don Samonte

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Don Samonte

					
					
						 

				
	
					
						Vice President, Portfolio Management

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Acknowledged and Agreed:

					
					
						 

				
	
					
						ATN VI Holdings, LLC

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						By:

					
					
						/s/ Justin D. Benincasa

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Name:

					
					
						Justin D. Benincasa

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						Title:

					
					
						Treasurer

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