Document:

Exhibit 4.7

 

FORM OF SIXTH SUPPLEMENTAL INDENTURE

 

 

SIXTH SUPPLEMENTAL INDENTURE

 

dated as of                 , 2008

 

to

 

INDENTURE

 

dated as of November 1, 2000

 

AMEREN ENERGY GENERATING COMPANY

 

to

 

THE BANK OF NEW YORK TRUST COMPANY, N.A., as Trustee

 

 

$300,000,000 7.00% Senior Notes, Series H Due
2018

 

 

SIXTH SUPPLEMENTAL INDENTURE (this “Sixth
Supplemental Indenture”), dated as of                     , 2008, to the Indenture,
dated as of November 1, 2000 (the “Original Indenture”), from AMEREN
ENERGY GENERATING COMPANY, an Illinois corporation (together with its
successors and assigns, the “Issuer”), its principal office and mailing address
being at One Ameren Plaza, 1901 Chouteau Avenue, P.O. Box 66149, St.
Louis, Missouri 63166-6149, to THE BANK OF NEW YORK TRUST COMPANY, N.A., a
national banking association organized and existing under and by virtue of the
laws of the United States, as trustee (the “Trustee”), its office and mailing
address being at 911 Washington Avenue, 3rd Floor St. Louis, Missouri 63101.

 

W I T N E S S E T H:

 

WHEREAS, the Issuer and the Trustee have heretofore
executed and delivered the Original Indenture to provide for the issuance from
time to time of the Issuer’s Securities (as defined in the Original Indenture)
to be issued in one or more series;

 

WHEREAS, Sections 2.1 and 7.1(b) of the
Original Indenture provide, among other things, that the Issuer and the Trustee
may enter into indentures supplemental to the Original Indenture for, among
other things, the purpose of establishing the designation, form, terms and
provisions of Securities of any series as permitted by Sections 2.1 and 7.1(b) of
the Original Indenture;

 

WHEREAS, the Issuer has heretofore issued a series
of Securities designated 7.00% Senior Notes, Series G due 2018 (the “Old
Notes”);

 

WHEREAS, the Old Notes were sold to a group
consisting of Lehman Brothers Inc., UBS Securities LLC and Wachovia Capital
Markets, LLC (collectively, the “Initial Purchasers”);

 

WHEREAS, sales and transfers of the Old Notes are
restricted to qualified institutional investors pursuant to Rule 144A
under the Securities Act of 1933, as amended (the “Securities Act”) and
qualified buyers outside the United States pursuant to Regulation S under the
Securities Act;

 

WHEREAS, the Issuer and the Initial Purchasers
entered into a Registration Rights Agreement, dated as of April 9, 2008
(the “Registration Rights Agreement”), pursuant to which the Issuer agreed, for
the benefit of the Holders of the Old Notes, to file a registration statement
relating to an exchange offer allowing the Holders of the Old Notes to exchange
their transfer restricted Old Notes for a new series of notes that are
identical in all material respects to the Old Notes except that the new series
of notes will not contain the transfer restrictions or registration rights
applicable to the Old Notes, and the new series of notes would be registered
under the Securities Act;

 

WHEREAS, the Issuer (i) desires the issuance of
a series of Securities to be designated as hereinafter provided and (ii) has
requested the Trustee to enter into this Sixth Supplemental Indenture for the
purpose of establishing the designation, form, terms and provisions of the
Securities of such series;

 

 

WHEREAS, all action on the part of the Issuer
necessary to authorize the issuance of said Securities under the Original
Indenture and this Sixth Supplemental Indenture (the Original Indenture, as
supplemented by this Sixth Supplemental Indenture, being hereinafter called the
“Indenture”) has been duly taken; and

 

WHEREAS, all acts and things necessary to make said
Securities, when executed by the Issuer and authenticated and delivered by the
Trustee as provided in the Original Indenture, the legal, valid and binding
obligations of the Issuer, and to constitute these presents a valid and binding
supplemental indenture according to its terms, have been done and performed,
and the execution of this Sixth Supplemental Indenture and the creation and
issuance under the Indenture of said Securities have in all respects been duly
authorized, and the Issuer, in the exercise of the legal right and power vested
in it, executes this Sixth Supplemental Indenture and proposes to create,
execute, issue and deliver said Securities;

 

NOW, THEREFORE, in order to establish the designation,
form, terms and provisions of, and to authorize the authentication and delivery
of, said Securities, and in consideration of the acceptance of said Securities
by the holders thereof and of other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

ARTICLE
I

 

DEFINITIONS

 

Capitalized terms not otherwise defined herein shall
have the meanings set forth in the Original Indenture.

 

ARTICLE
II

 

THE
TERMS OF THE SERIES H NOTES

 

Section 2.1                                      Terms of 7.00%
Senior Notes, Series H due 2018.  (a)  There is hereby created one (1) series
of Securities designated:  7.00% Senior
Notes, Series H due 2018, in the initial aggregate principal amount of
$300,000,000 (the “Series H Senior Notes”) less the amount of any Old
Notes that remain outstanding and unexchanged following completion of the
Issuer’s exchange offer for the Old Notes as contemplated by its prospectus
dated                 , 2008.  Upon delivery of a written order to the Trustee
in accordance with the provisions of Section 2.1 of the Original
Indenture, the Trustee shall authenticate and deliver the Series H Senior
Notes.  Such written order shall specify
the amount of the Series H Senior Notes to be authenticated and the date
on which such Series H Senior Notes are to be authenticated, which will be
the date on which the Series H Senior Notes are issued in exchange for the
Old Notes.

 

(b)                                 The Series H
Senior Notes shall be substantially in the form of Exhibit A hereto.

 

2

 

Section 2.2                                      Terms of Series H
Senior Notes Issued Hereunder in Global Form.

 

(a)                                  So long as DTC
or its nominee is the registered owner or Holder of a Global Security, DTC or
its nominee, as the case may be, will be considered the sole owner or Holder of
the Series H Senior Notes represented by such Global Security for all
purposes under the Original Indenture and under the Series H Senior
Notes.  No beneficial owner of an
interest in a Global Security will be able to transfer that interest except in
accordance with DTC’s applicable procedures unless the Issuer shall issue
certificates for the Series H Senior Notes in definitive registered form.

 

(b)                                 All payments of
the principal of, and interest and additional interest and premium, if any, on,
a Global Security will be made to DTC or its nominees, as the registered owners
thereof.

 

(c)                                  Transfers
between participants in DTC will be effected in the ordinary way in accordance
with DTC rules and will be settled in same-day funds.

 

(d)                                 Certificated
definitive Series H Senior Notes may be in denominations of less than
$100,000 to the extent any redemption has reduced such Holder’s aggregate
holding of such Series H Senior Notes to less than $100,000.

 

(e)                                  If any redemption
affecting the Series H Senior Notes would result in the amount to be paid
to a Holder of such affected Senior Note in respect of such redemption not to
equal $1,000 or an integral multiple thereof, the Issuer shall instruct the
Trustee to round the amount to be paid to such Holder to the nearest $1,000 so
that the amount to be paid to such Holder equals $1,000 or an integral multiple
thereof.

 

(f)                                    Except in the
limited circumstances described under Section 2.2(g) below,
beneficial interests in a Global Security will only be recorded by book-entry,
and owners of beneficial interests in a Global Security will not be entitled to
receive physical delivery of certificates representing Series H Senior
Notes.

 

(g)                                 If (i) DTC
or any successor depository notifies the Issuer that it is unwilling or unable
to continue as a depository for a Global Security or ceases to be a “clearing
agency” registered under the Exchange Act and a successor depository is not
appointed by the Issuer within 90 days of such notice, (ii) an Event of
Default under the Series H Senior Notes has occurred and is continuing and
payment of principal and interest has been accelerated or (iii) the Issuer
decides, at its option, to discontinue use of the book-entry system through
DTC, then the Issuer shall issue certificates for the Series H Senior
Notes in definitive registered form substantially in the form attached hereto
in exchange for the Global Security outstanding.

 

(h)                                 The holder of a
certificated definitive registered Series H Senior Note may transfer such Series H
Senior Note in whole or in part by surrendering it at the Corporate Trust
Office of the Trustee in accordance with the terms of the Indenture and such Series H
Senior Note.

 

Section 2.3                                      Interest,
Principal, Maturity Date and Regular Record Date.  The Series H Senior Notes shall bear
interest on the unpaid principal amount thereof from time to time 

 

3

 

outstanding from the date of
issuance of the Old Notes or the last interest payment date through which
interest shall have been paid on the Old Notes for which they are exchanged
until such amount is paid in full at the rate of interest set forth in the form
of such Series H Senior Note attached hereto.  The principal amount of the Series H
Senior Notes shall be due and payable at maturity as set forth in the form of Series H
Senior Note attached hereto.

 

Payment of principal, premium, if any, and interest
on the Series H Senior Notes shall be made as provided in Sections 2.4,
2.10, 3.2 and 3.4 of the Original Indenture, except that the final payment of
principal of the Series H Senior Notes shall be made on the due date
therefor to the account of the Holder as such account shall appear in the
Security Register, which amount shall be payable upon presentation and
surrender of such Series H Senior Note at the office of the Issuer.

 

The Series H Senior Notes shall mature on the
date and in the amounts set forth thereon.

 

The record date applicable to the Series H
Senior Notes issued hereunder shall be as set forth in the form of Series H
Senior Note attached hereto.

 

All payments of principal, premium, if any, and
interest with respect to certificated Series H Senior Notes will be made
by bank check mailed on the interest payment date to the address of such Holder
on the Security Register or, for Holders of at least U.S. $1,000,000 in
aggregate principal amount of Series H Senior Notes, by wire transfer on
the interest payment date of immediately available funds to a dollar account
maintained by such Holder with a bank or other financial institution; provided that a written request from such Holder to such
effect designating such account is received by the Trustee and the Issuer or
the paying agent no later than the record date immediately preceding such
Interest Payment Date.  Unless such
designation is revoked, any such designation made by such person with respect
to such certificated Series H Senior Notes will remain in effect with
respect to any future payments with respect to such certificated Senior Note
payable to such person.

 

Section 2.4                                      Optional
Redemption.  The Series H
Senior Notes issued hereunder are subject to optional redemption, in whole or
in part, at any time at the option of the Issuer at a redemption price equal to
100% of the outstanding principal amount of the Series H Senior Notes
being so redeemed plus accrued and unpaid interest thereon to the date fixed
for redemption (the “Determination Date”) together with the Applicable Premium
applicable thereto.

 

Section 2.5                                      Reopen Series.  The Issuer, from time to time, without the
consent of the Holders of the Series H Senior Notes, may reopen the Series H
Senior Notes and create and issue further senior debt securities under the
Indenture having the same terms and conditions (including the same CUSIP
number) as the Series H Senior Notes issued hereunder in all respects,
except for the date of original issuance, the initial interest payment date and
the offering price.  Such additional
senior debt securities shall be consolidated with, and form a single series
with, the previously outstanding Series H Senior Notes hereunder.

 

4

 

Section 2.6                                      Applicable
Premium.  As used herein, “Applicable
Premium” means an amount calculated as follows:

 

(i)                                     the average
life of the remaining scheduled payments of principal in respect of Outstanding
Series H Senior Notes (the “Remaining Average Life”) shall be calculated
as of the Determination Date;

 

(ii)                                  the yield to
maturity calculated as of a date not more than five days prior to the
Determination Date for the United States Treasury security having an average
life equal to the Remaining Average Life and trading in the secondary market at
the price closest to the principal amount thereof (the “Primary Issue”); provided, however, that
if no United States Treasury security has an average life equal to the
Remaining Average Life, the yields (the “Other Yields”) for the two maturities
of United States Treasury securities having average lives most closely
corresponding to such Remaining Average Life and trading in the secondary
market at the price closest to the principal amount thereof shall be
calculated, and the yield to maturity for the Primary Issue shall be the yield
interpolated or extrapolated from such Other Yields on a straight line basis,
rounding in each of such relevant periods to the nearest month;

 

(iii)                               the discounted
present value of the then-remaining scheduled payments of principal and
interest (but excluding that portion of any scheduled payment of interest that
is actually due and paid on the Determination Date) in respect of the
Outstanding Series H Senior Notes shall be calculated as of the
Determination Date using a discount factor equal to the sum of (x) the
yield to maturity for the Primary Issue, plus (y) 50 basis points;
and

 

(iv)                              the amount of
Applicable Premium in respect of the Series H Senior Notes to be redeemed
shall be an amount equal to (x) the discounted present value of such Series H
Senior Notes to be redeemed determined in accordance with clause (iii) above,
minus (y) the unpaid principal amount of such Series H Senior
Notes; provided, however,
that the Applicable Premium shall not be less than zero; and

 

(v)                                 such
calculation shall be made by an Investment Banker.

 

Section 2.7                                      Amendments for
Benefit of Series H Senior Notes.  The Indenture is hereby amended, pursuant to Section 7.1(d) of
the Original Indenture for the benefit of the holders of the Series H
Senior Notes and for so long as the Series H Senior Notes are outstanding,
as follows:

 

(a)                                  Section 1.1
of the Original Indenture is amended by adding to the definitions the
following: “‘Existing Generating Assets’, when used in respect of the
$300,000,000 7.00% Senior Notes, Series H due 2018, means the coal-fired
and oil-fired units and gas-fired units owned by the Issuer as of the date of
issuance of such Notes.”

 

(b)                                 Notwithstanding
Section 3.13 of the Original Indenture, the Issuer may not cease to comply
with the covenants of Sections 3.11 and 3.12 of the Original Indenture unless,
in addition to complying with such Section 3.13, the rating on the Series H
Senior Notes from 

 

5

 

Standard & Poor’s
Ratings Services (or any successor thereto) is at least BBB+ after giving effect
to such cessation.

 

(c)                                  Section 3.9
of the Original Indenture is amended to delete the words “Initial Generation
Assets” and insert in lieu thereof the words “Existing Generating Assets”.

 

(d)                                 Section 4.1(i) of
the Original Indenture is amended to delete the words “Initial Generating
Assets” and insert in lieu thereof the words “Existing Generating Assets”.

 

(e)                                  In Section 4.1(i) of
the Original Indenture, for the avoidance of doubt, the reference to the
“Genco-Marketing Co. PPA” shall be deemed to refer to the Amended and Restated
Power Supply Agreement dated as of March 28, 2008 between the Issuer and
Ameren Energy Marketing Company.

 

Section 2.8                                      Registered
Notes Issued Upon Exchange.  The Series H Senior Notes shall be
registered under the Securities Act and the transfer restrictions set forth in Section 2.6
of the Original Indenture shall not apply to the transfer of the Series H
Senior Notes and the Legend referred to in Section 2.6 of the Original
Indenture shall not be required to be placed on each certificate representing
the Series H Senior Notes.  Pursuant
to the Issuer’s written order to the Trustee in accordance with the provisions
of Section 2.1 of the Original Indenture, the Issuer shall execute and the
Trustee shall authenticate and deliver Series H Senior Notes in
denominations of $100,000 original principal amount in exchange for each
$100,000 principal amount of outstanding Old Notes, and in integral multiples
of $1,000 original principal amount in exchange for each $1,000 in excess thereof
if properly tendered by the Holder thereof together with a completed letter of
transmittal in the form attached hereto as Exhibit B, which is
incorporated herein by this reference. 
Upon the surrender of any Old Notes as contemplated herein, such Old Notes
shall be cancelled by the Trustee and no further amounts shall be due and
payable on such Old Notes (except that any accrued but unpaid liquidated
damages due pursuant to the Registration Rights Agreement shall remain due and
payable) and any interest accrued and unpaid on the Old Notes through the date
of such exchange, which shall be the date of authentication of the Series H
Senior Notes, shall from and after such exchange be represented by the Series H
Senior Notes and shall be payable as provided in the Series H Senior
Notes.  Interest shall accrue on the Series H
Senior Notes as described in Section 2.3 hereof; provided that the amount
payable on the Series H Senior Notes pursuant to Section 2.3 will be
offset by the amount of interest accrued on the Old Notes prior to the date of
exchange which is thereafter deemed payable on the Series H Senior Notes
under this Section 2.8.

 

Section 2.9                                      Treatment of
Series.  For all purposes of the
Indenture, the Old Notes and the Series H Senior Notes shall be treated as
the same series and the Holders of the Old Notes and the Series H Senior
Notes shall vote and consent together on all matters as one class and none of
the Holders of the Old Notes or the Series H Senior Notes shall have the
right to vote or consent as a separate class on any matter.

 

6

 

ARTICLE III

 

MISCELLANEOUS

 

Section 3.1                                      Execution of
Supplemental Indenture.  This
Sixth Supplemental Indenture is executed and shall be construed as an indenture
supplemental to the Original Indenture and, as provided in the Original
Indenture, this Sixth Supplemental Indenture forms a part thereof.

 

Section 3.2                                      Concerning the
Trustee.  The Trustee shall not be
responsible in any manner for or with respect to the validity or sufficiency of
this Sixth Supplemental Indenture, or the due execution hereof by the Issuer,
or for or with respect to the recitals and statements contained herein, all of
which recitals and statements are made solely by the Issuer.

 

Section 3.3                                      Counterparts.  This Sixth Supplemental Indenture may be
executed in any number of counterparts, each of which when so executed shall be
deemed to be an original; but all such counterparts shall together constitute
but one and the same instrument.

 

Section 3.4                                      GOVERNING LAW.  THIS SIXTH SUPPLEMENTAL INDENTURE AND THE
SERIES H SENIOR NOTES ISSUED HEREUNDER SHALL, PURSUANT TO SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW, BE GOVERNED BY THE LAW OF THE STATE OF
NEW YORK, WITHOUT REFERENCE TO THE CHOICE OF LAW PROVISIONS THEREOF (OTHER THAN
SUCH SECTION 5-1401).

 

7

 

IN WITNESS WHEREOF, the parties hereto have caused
this Sixth Supplemental Indenture to be duly executed as of                  ,
2008.

 

	
   

  	
  AMEREN ENERGY GENERATING

  
	
   

  	
  COMPANY, as Issuer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  
	
   

  	
          Name:  Jerre E. Birdsong

  
	
   

  	
          Title:  Vice President and Treasurer

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK TRUST

  COMPANY, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  
	
   

  	
          Name:  Mary E. Marler

  
	
   

  	
          Title:  Vice President

  
	
   

  	
   

  

 

 

EXHIBIT
A

 

FORM OF SECURITY

 

[INCLUDE IF SECURITY IS A GLOBAL SECURITY
DEPOSITED WITH THE U.S. DEPOSITARY – UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IN EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF IS REGISTERED IN
THE NAME OF CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY OR SUCH OTHER NAME AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY
(AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE
DEPOSITORY TRUST COMPANY OR A NOMINEE THEREOF IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY
TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS
MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN SECTION 2.6 OF THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF.]

 

 

[FORM OF FACE OF SERIES H SENIOR NOTE]

 

	
  CUSIP

  [           ][           ][           ]

  
	
   

  
	
  [Common
  Code]

  [ISIN][           ]

  
	
   

  
	
  No.

  

 

$

AMEREN ENERGY GENERATING COMPANY

7.00% Senior Notes, Series H Due 2018

 

Ameren Energy Generating Company (the “Issuer”),
for value received hereby promises to pay to
                                      
or registered assigns the principal sum of
                        
Dollars at the Issuer’s office or agency for said purpose as provided in the
Indenture referred to herein, on April 15, 2018 in such coin or currency
of the United States of America as at the time of payment shall be legal tender
for the payment of public and private debts, and to pay interest, semi-annually
in arrears on April 15 and October 15 of each year, commencing October 15,
2008, on said principal sum in like coin or currency at the rate per annum set
forth above at said offices or agencies from the date of original issuance or
the most recent interest payment date to which interest on the 7.00% Senior
Notes, Series H due 2018 (the “Series H Senior Notes”) has
been paid or duly provided for. 
Notwithstanding the foregoing, if the date hereof is after April 1
or October 1, as the case may be, and before the following April 15
or October 15, this Senior Note shall bear interest from such April 15
or October 15; provided, that if the Issuer shall default in the payment
of interest due on such April 15 or October 15, then this Senior Note
shall bear interest from the next preceding April 15 or October 15 to
which interest on the Series H Senior Notes has been paid or duly provided
for and provided further that interest due on October 15, 2008 on this
Senior Note shall accrue from the date of original issuance of the Issuer’s
7.00% Senior Notes, Series G due 2018 (the “Old Notes”).  The interest so payable on any April 15
or October 15 will, except as otherwise provided in the Indenture referred
to on the reverse hereof, be paid to the Person in whose name this Senior Note
is registered at the close of business on the 1st day of April or the 1st
day of October preceding such April 15 or October 15, whether or
not such day is a Business Day; provided, that principal, premium, if any, and
interest shall be paid by mailing on the interest payment date a check for such
to or upon the written order of the registered Holders of Series H Senior
Notes entitled thereto at their last address as it appears on the Series H
Senior Notes Register or, upon written application to the Trustee by a Holder
of $1,000,000 or more in aggregate principal amount of Series H Senior
Notes, by wire transfer on the interest payment date of immediately available
funds to an account maintained by such Holder with a bank or other financial
institution.  Interest on this Senior
Note shall be computed on the basis of a 360-day year comprised of twelve
30-day months.  Additional Interest (as
defined in the Registration Rights Agreement) shall accrue on this Senior Note
under the circumstances provided for in the Registration Rights Agreement.

 

2

 

Interest on overdue principal and (to the extent
permitted by applicable law) on overdue installments of interest (including
without limitation during the 5-day period referred to in Section 4.1(b) of
the Indenture) shall accrue at the rate per annum set forth above.

 

The Series H Senior Notes are payable on a
parity basis with the Old Notes issued under the Indenture and the Fifth
Supplemental Indenture, dated as of April 1, 2008, in the aggregate principal
amount of $300,000,000.  The Series H
Senior Notes are being issued in exchange for a like principal amount of Old
Notes and the combined aggregate principal amount of the Series H Senior
Notes and the Old Notes outstanding at any one time is limited to
$300,000,000.  Pursuant to the Indenture,
the Old Notes and the Series H Senior Notes shall be treated as the same
series and the holders of the Old Notes and the Series H Senior Notes
shall vote and consent together on all matters as one class, and none of the
holders of the Old Notes or the Series H Senior Notes shall have the right
to vote or consent as a separate class on any matter.

 

Reference is made to the further provisions set
forth on the reverse hereof.  Such
further provisions shall for all purposes have the same effect as though fully
set forth at this place.

 

3

 

This Senior Note shall not be entitled to any
benefit under the Indenture, or be valid or obligatory, until the certificate
of authentication hereon shall have been duly signed by the Trustee acting
under the Indenture.

 

IN WITNESS WHEREOF, the Issuer has caused this
instrument to be duly executed.

 

	
   

  	
  AMEREN ENERGY GENERATING COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
         Name:

  
	
   

  	
         Title:

  
	
  (SEAL)

  	
   

  
	
  Attested:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  
	
  Title:

  	
   

  
					

 

4

 

[FORM OF REVERSE OF SERIES H SENIOR NOTE]

 

AMEREN ENERGY GENERATING COMPANY

 

7.00% Senior Notes, Series H Due 2018

 

This Senior Note is one of a duly authorized issue
of debt securities of the Issuer, limited to the aggregate principal amount of
$300,000,000 (except as otherwise provided in the Indenture mentioned below),
issued or to be issued pursuant to an Indenture dated as of November 1,
2000 as supplemented by the Sixth Supplemental Indenture dated as of                , 2008 (as so supplemented, the
“Indenture”), duly executed and delivered by the Issuer to the
Trustee.  Reference is hereby made to the
Indenture and all indentures supplemental thereto for a description of the
rights, limitations of rights, obligations, duties and immunities thereunder of
the Trustee, the Issuer and the Holders (the words “Holders” or “Holder”
meaning the registered holders or registered holder) of the Series H
Senior Notes.  Capitalized terms used
herein, but not otherwise defined herein, shall have the meanings assigned to
them in the Indenture.

 

In case an Event of Default shall have occurred and
be continuing, the principal of all the Securities may be declared due and
payable, in the manner and with the effect, and subject to the conditions,
provided in the Indenture.  The Indenture
provides that in certain events such declaration and its consequences may be
waived by the Holders of a majority in aggregate principal amount of the
Securities then Outstanding and that, prior to any such declaration, such
Holders may waive any past default under the Indenture and its consequences
except a default in the payment of principal of or premium, if any, or interest
on any of the Securities and as otherwise provided in the Indenture.  Any such consent or waiver by the Holder of
this Senior Note (unless revoked as provided in the Indenture) shall be
conclusive and binding upon such Holder and upon all future Holders and owners
of this Senior Note and any Security which may be issued in exchange or
substitution hereof, whether or not any notation thereof is made upon this
Senior Note or such other Security.

 

The Indenture permits the Issuer and the Trustee,
with the consent of the Holders of not less than a majority in aggregate
principal amount of the Securities of all series at the time Outstanding
considered as one class, evidenced as in the Indenture provided, to modify the
Indenture or any supplemental indentures or the rights of the Holders of the Series H
Senior Notes; provided that no such modification shall (a) change
the Stated Maturity of the principal of, or any installment of principal of or
interest on, any Security, or reduce the principal amount thereof, or reduce
the rate or extend the time of payment of interest thereon, or reduce any
amount payable on redemption thereof or impair or affect the right of any
Holder of the Security to institute suit for the payment thereof without the
consent of the Holder of each Security so affected; or (b)(i) reduce the
aforesaid percentage of Securities, the consent of the Holders of which is
required for any such modification or the percentage of Securities, the consent
of Holders of which is required for any waiver provided for in the Indenture; (ii) change
any obligation of the Issuer to maintain an office or agency for payment of and
transfer and exchange of the Securities; or (iii) make certain changes to
provisions relating to waiver or to the provision for supplementing the Indenture;
in each case without the consent of the Holders of all Securities then
Outstanding.

 

5

 

No reference herein to the Indenture and no
provision of this Senior Note or of the Indenture shall alter or impair the
obligation of the Issuer, which is absolute and unconditional, to pay the
principal of and premium, if any, and interest on this Senior Note at the
place, times, and rate, and in the currency, herein prescribed.

 

The Series H Senior Notes are issuable only as
registered Series H Senior Notes without coupons in denominations of
$100,000 and any integral multiple of $1,000 in excess thereof.

 

At the office or agency of the Issuer referred to on
the face hereof and in the manner and subject to the limitations provided in
the Indenture, Series H Senior Notes may be presented for exchange for a
like aggregate principal amount of Series H Senior Notes of other
authorized denominations.

 

Upon due presentment for registration of transfer of
this Senior Note at the above-mentioned office or agency of the Issuer, a new Series H
Senior Note or Series H Senior Notes of authorized denominations, for a
like aggregate principal amount, will be issued to the transferee as provided
in the Indenture.  No service charge shall
be made for any such transfer, but the Issuer may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto.

 

The Series H Senior Notes may be redeemed in
whole or in part (if in part, by lot or by such other method as the Trustee
shall deem fair or appropriate) prior to Stated Maturity at the option of the
Issuer, upon mailing a notice of such redemption not less than 30 nor more than
60 days prior to the date fixed for redemption to the Holders of Series H
Senior Notes, all as provided in the Indenture, at a redemption price equal to
100% of the principal amount thereof plus accrued and unpaid interest thereon,
if any, to the date of redemption, plus the Applicable Premium.

 

Subject to payment by the Issuer of a sum sufficient
to pay the amount due on redemption, interest on this Senior Note shall cease
to accrue upon the date duly fixed for redemption of this Senior Note.

 

The Issuer, the Trustee, and any authorized agent of
the Issuer or the Trustee, may deem and treat the registered Holder hereof as
the absolute owner of this Senior Note (whether or not this Senior Note shall
be overdue and notwithstanding any notation of ownership or other writing
hereon made by anyone other than the Issuer or the Trustee or any authorized
agent of the Issuer or the Trustee), for the purpose of receiving payment of,
or on account of, the principal hereof and premium, if any, and, subject to the
provisions on the face hereof, interest hereon and for all other purposes, and
neither the Issuer nor the Trustee nor any authorized agent of the Issuer or
the Trustee shall be affected by any notice to the contrary.

 

No recourse shall be had for the payment of the
principal of, or premium, if any, or the interest on this Senior Note, 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, shareholder, officer or director, as such, past, present or future,
of the Issuer or of any successor corporation, either directly or through the
Issuer or any successor corporation, whether by virtue of any constitution,
statute or rule of law or by the enforcement of any assessment or penalty
or 

 

6

 

otherwise, all such
liability being, by the acceptance hereof and as part of the consideration for
the issue hereof, expressly waived and released.

 

7

 

[FORM OF TRUSTEE’S CERTIFICATE OF
AUTHENTICATION]

 

Dated:

 

This is one of the Series H Senior Notes
referred to in the within-mentioned Indenture.

 

	
   

  	
  THE BANK OF NEW YORK TRUST

  
	
   

  	
  COMPANY, N.A., as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Authorized Signatory

  

 

8

 

[FORM OF ASSIGNMENT]

 

I or we assign and transfer this Security to:

 

(Insert assignee’s social security or tax I.D.
number)

 

	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

(Print or type name, address and zip code of
assignee)

 

and irrevocably appoint:

 

	
   

  	
   

  
	
   

  	
   

  

 

Agent to transfer this Security on the books of the
Issuer.  The Agent may substitute another
to act for him.

 

	
  Date:

  	
   

  	
   

  	
  Your Signature:

  	
   

  

 

	
   

  	
   

  
	
   

  	
  (Sign exactly as your name

  
	
   

  	
  appears on the other side of

  
	
   

  	
  this Security)

  
	
   

  	
   

  

 

	
   

  	
  *Signature Guarantee:

  	
   

  	
   

  

 

*Signatures
must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Registrar, which requirements include membership or
participation in STAMP or such other “signature guarantee program” as may be
determined by the Registrar in addition to, or in substitution for, STAMP, all
in accordance with the Securities Exchange Act of 1934.

 

9

 

EXHIBIT B

 

FORM OF LETTER OF
TRANSMITTAL

 

See attached.Exhibit 4.8

 

EXECUTION COPY

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
is made and entered into as of April 9, 2008 by and among Ameren Energy
Generating Company, an Illinois corporation (the “Company”), and the Initial
Purchasers (as hereinafter defined).

 

This Agreement is made pursuant to the Purchase
Agreement dated April 4, 2008 (the “Purchase Agreement”), by and among the
Company, as issuer of $300,000,000 aggregate principal amount of 7.00% Senior
Notes, Series G due 2018 (the “Notes”), and the Initial Purchasers, which
provides for, among other things, the sale by the Company to the Initial
Purchasers of the aggregate principal amount of Notes specified therein.  In order to induce the Initial Purchasers to enter
into the Purchase Agreement, the Company has agreed to provide to the Initial
Purchasers and their direct and indirect transferees the registration rights
set forth in this Agreement.  The
execution and delivery of this Agreement is a condition to the closing under
the Purchase Agreement.

 

In consideration of the foregoing, the parties hereto
agree as follows:

 

1.                                       Definitions.  As used in this Agreement, the following capitalized
defined terms shall have the following meanings:

 

“Additional Interest” shall
have the meaning set forth in Section 2(e)(i) hereof.

 

“Advice” shall have the
meaning set forth in the last paragraph of Section 3 hereof.

 

“Affiliate” has the
meaning given to that term in Rule 405 under the Securities Act or any
successor rule thereunder.

 

“Agreement” shall have
the meaning set forth in the preamble to this Agreement.

 

“Applicable Period” shall
have the meaning set forth in Section 3(u) hereof.

 

“Business Day” shall mean
any day other than a Saturday, a Sunday, or a day on which banking institutions
in The City of New York are authorized or required by law or executive order to
remain closed or a day on which the corporate trust office of the Trustee is
closed for business.

 

“Closing Date” shall mean
April 9, 2008, the initial date of delivery of the Notes from the Company
to the Initial Purchasers.

 

“Company” shall have the
meaning set forth in the preamble to this Agreement and also includes the
Company’s successors and permitted assigns.

 

“Depositary” shall mean
The Depository Trust Company, or any other depositary appointed by the Company;
provided, however, that such depositary
must have an address in the Borough of Manhattan, The City of New York.

 

 

“Effectiveness Period”
shall have the meaning set forth in Section 2(b) hereof.

 

“Exchange Act” shall mean
the Securities Exchange Act of 1934, as amended from time to time.

 

“Exchange Notes” shall
mean the 7.00% Senior Notes, Series H due 2018 issued by the Company under
the Indenture containing terms identical in all material respects to the Notes
(except that (i) interest thereon shall accrue from the last date on which
interest was paid or duly provided for on the Notes or, if no such interest has
been paid, from the date of their original issue, (ii) they will not
contain terms with respect to transfer restrictions under the Securities Act,
and (iii) except in the circumstances described in Section 2(e)(iv) hereof
and except for Exchange Notes held by Participating Broker-Dealers, they will
not provide for any Additional Interest thereon).

 

“Exchange Offer” shall
mean the offer by the Company to the Holders to exchange all of the Registrable
Notes held by each such Holder for a like amount of Exchange Notes pursuant to Section 2(a) hereof.

 

“Exchange Offer
Registration” shall mean a registration under the Securities Act effected
pursuant to Section 2(a) hereof.

 

“Exchange Offer
Registration Statement” shall mean an exchange offer registration statement on Form S-4
(or, if applicable, on another appropriate form), and all amendments and
supplements to such registration statement, in each case including the
Prospectus contained therein, all exhibits thereto and all documents
incorporated by reference therein.

 

“Exchange Period” shall
have the meaning set forth in Section 2(a) hereof.

 

“FINRA” shall mean the
Financial Industry Regulatory Authority, Inc.

 

“Holder” shall mean any
Initial Purchaser, for so long as it owns any Registrable Notes, and each of
its successors, assigns and direct and indirect transferees who become
registered owners of Registrable Notes under the Indenture.

 

“Indenture” shall mean
the Indenture dated as of November 1, 2000 between the Company and the
Trustee, as previously supplemented, as amended and supplemented by the Fifth
Supplemental Indenture, dated as of April      ,
2008 and as it may be further supplemented from time to time.

 

“Initial Purchasers”
shall mean Lehman Brothers Inc., UBS Securities LLC and Wachovia Capital
Markets, LLC.

 

“Inspectors” shall have
the meaning set forth in Section 3(p) hereof.

 

“Majority Holders” shall
mean the Holders of a majority of the aggregate principal amount of outstanding
Notes or Exchange Notes, as the case may be.

 

“Notes” shall have the
meaning set forth in the preamble to this Agreement.

 

2

 

“Participating
Broker-Dealer” shall have the meaning set forth in Section 3(u) hereof.

 

“Person” shall mean an
individual, partnership, corporation, trust or unincorporated organization,
limited liability company, or a government or agency or political subdivision
thereof or other legal entity.

 

“Prospectus” shall mean
the prospectus included in a Registration Statement, including any preliminary
prospectus, and any such prospectus as amended or supplemented by any
prospectus supplement, including a prospectus supplement with respect to the
terms of the offering of any portion of the Registrable Notes covered by a
Shelf Registration Statement, and by all other amendments and supplements to a
prospectus, including post-effective amendments, and in each case including all
documents incorporated by reference therein.

 

“Purchase Agreement”
shall have the meaning set forth in the preamble to this Agreement.

 

“Records” shall have the
meaning set forth in Section 3(p) hereof.

 

“Registrable Notes” shall
mean the Notes, until the earliest to occur of (a) the date on which any
Note has been exchanged by a Person other than a Participating Broker-Dealer
for Exchange Notes in the Exchange Offer, (b) following the exchange by a
Participating Broker-Dealer in the Exchange Offer of any Note for one or more
Exchange Notes, the date on which such Exchange Notes are sold to a purchaser
in accordance with the Exchange Offer Registration Statement, (c) the date
on which any Note has been registered under the Securities Act and disposed of
in accordance with the Shelf Registration Statement and (d) the date on
which any Note is eligible to be distributed to the public pursuant to Rule 144
under the Securities Act (or any successor provision thereof) without the
satisfaction of any conditions except the applicable holding period set forth
therein.

 

“Registration Expenses”
shall mean any and all expenses incident to performance of or compliance by the
Company with this Agreement, including without limitation:  (i) all SEC or FINRA registration and
filing fees, including, if applicable, the fees and expenses of any “qualified
independent underwriter” (and its counsel) that is required to be retained by
any Holder of Registrable Notes in accordance with the rules and
regulations of the FINRA, (ii) all fees and expenses incurred in
connection with compliance with state securities or blue sky laws (including
reasonable fees and disbursements of one counsel for all underwriters and
Holders as a group in connection with blue sky qualification of any of the
Exchange Notes or the Registrable Notes) and compliance with the rules of
the FINRA, (iii) all expenses of any Persons in preparing or assisting in
preparing, word processing, printing and distributing any Registration
Statement, any Prospectus and any amendments or supplements thereto, and in
preparing or assisting in preparing, printing and distributing any underwriting
agreements, securities sale agreements and other documents relating to the
performance of and compliance with this Agreement, (iv) all rating agency
fees, (v) all reasonable fees and disbursements of counsel for the Company
and of the independent registered public accountants of the Company, including
the expenses of any “cold comfort” letters required by or incident to the
performance of and compliance with this Agreement, (vi) all reasonable
fees and expenses of the Trustee and its 

 

3

 

counsel and any exchange
agent or custodian, and (vii) all reasonable fees and expenses of any
special experts retained by the Company in connection with any Registration
Statement.

 

“Registration Statement”
shall mean any registration statement of the Company which covers any of the
Exchange Notes or the Registrable Notes pursuant to the provisions of this
Agreement, and all amendments and supplements to any such Registration
Statement, including post-effective amendments, in each case including the
Prospectus contained therein, all exhibits thereto and all documents incorporated
by reference therein.

 

“Rule 144 Period”
shall mean the period of one year (or such shorter period as may hereafter be
referred to in Rule 144 under the Securities Act (or similar successor
rule) permitting Holders who are not Affiliates of the Company to resell
Registrable Notes without any conditions) commencing on the Closing Date.

 

“SEC” shall mean the
Securities and Exchange Commission.

 

“Securities Act” shall
mean the Securities Act of 1933, as amended from time to time.

 

“Shelf Registration”
shall mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf Registration Event”
shall have the meaning set forth in Section 2(b) hereof.

 

“Shelf Registration Event
Date” shall have the meaning set forth in Section 2(b) hereof.

 

“Shelf Registration
Statement” shall mean a “shelf” registration statement of the Company pursuant
to the provisions of Section 2(b) hereof which covers all of the
Registrable Notes (except Registrable Notes which the Holders have elected not
to include in such Shelf Registration Statement or the Holders of which have
not complied with their obligations under the penultimate paragraph of Section 3
hereof or under the first paragraph of Section 2(b) hereof) on an
appropriate form under Rule 415 under the Securities Act, or any similar rule that
may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and all
documents incorporated by reference therein.

 

“TIA” shall have the
meaning set forth in Section 3(m) hereof.

 

“Trustee” shall mean the
trustee under the Indenture.

 

2.                                       Registration Under the Securities Act.

 

(a)                                  Exchange Offer.  Except as set forth in Section 2(b) below,
the Company shall, for the benefit of the Holders, at the Company’s cost, (i) prepare
and file with the SEC as soon as practicable after the Closing Date, but in no
event later than 120 calendar days after the Closing Date, an Exchange Offer
Registration Statement on an appropriate form under the Securities Act relating
to the Exchange Offer, (ii) use its reasonable best efforts to cause such
Exchange Offer Registration Statement to be declared effective under the
Securities Act by the SEC as soon as practicable after the Closing Date, but in
no event later than 180 calendar days after the Closing Date, (iii) provided
such Exchange Offer Registration Statement has been declared effective 

 

4

 

under the Securities
Act by the SEC, use its reasonable best efforts to keep the Exchange Offer
Registration Statement effective until the completion of the Exchange Offer,
and (iv) provided such Exchange Offer Registration Statement has been
declared effective under the Securities Act by the SEC, commence the Exchange
Offer and keep the Exchange Offer open for not less than 20 business days, or
longer if required by applicable law, after the date on which such Registration
Statement was declared effective by the SEC (such period referred to herein as
the “Exchange Period”), use its reasonable best efforts to cause the Exchange
Offer to be completed not later than 45 calendar days after the date on which
such Registration Statement was declared effective by the SEC, and at the
termination thereof issue Exchange Notes in exchange for all Registrable Notes
tendered prior thereto in the Exchange Offer.

 

In connection with the Exchange Offer, the Company
shall:

 

(i)            mail to each Holder a copy of the
Prospectus forming part of the Exchange Offer Registration Statement, together
with an appropriate letter of transmittal and related documents;

 

(ii)           use the services of the Depositary for
the Exchange Offer with respect to Notes represented by a global certificate;

 

(iii)          permit Holders to withdraw tendered Registrable Notes
at any time prior to the close of business, New York City time, on the last
Business Day of the Exchange Period, by sending to the institution specified in
the notice to Holders, a telegram, telex, facsimile transmission or letter
setting forth the name of such Holder, the principal amount of Registrable
Notes delivered for exchange, and a statement that such Holder is withdrawing
its election to have such Registrable Notes exchanged;

 

(iv)          notify each Holder that any Registrable
Note not tendered by such Holder in the Exchange Offer will remain outstanding
and continue to accrue interest but will not retain any rights under this
Agreement (except in the case of the Initial Purchasers and Participating
Broker-Dealers as provided herein); and

 

(v)           otherwise comply in all material respects
with all applicable laws and regulations relating to the Exchange Offer.

 

As soon as practicable after the completion of the
Exchange Offer, the Company shall:

 

(i)            accept for exchange all Registrable Notes
or portions thereof duly tendered and not validly withdrawn pursuant to the
Exchange Offer in accordance with the terms of the Exchange Offer Registration
Statement and letter of transmittal;

 

(ii)           deliver, or cause to be delivered, to the
Trustee for cancellation all Registrable Notes or portions thereof so accepted
for exchange by the Company; and

 

(iii)          issue, and cause the Trustee under the
Indenture to promptly authenticate and deliver to each Holder, Exchange Notes
equal in principal amount to the principal 

 

5

 

amount of the Notes as are surrendered by such Holder and accepted for
exchange by the Company.

 

Interest on each Exchange Note issued pursuant to the
Exchange Offer will accrue from the last date on which interest was paid or
duly provided for on the Note surrendered in exchange therefor or, if no
interest has been paid on such Note, from the date of original issue of such
Note.  To the extent not prohibited by
any judicial order, judgment, law, regulation or applicable interpretation of
the staff of the SEC, the Company shall use its reasonable best efforts to
complete the Exchange Offer as provided above, and shall comply with the
applicable requirements of the Securities Act, the Exchange Act and other
applicable laws and regulations in connection with the Exchange Offer.  The Exchange Offer shall not be subject to
any conditions other than the conditions referred to in Section 2(b)(i) and
(ii) below and those conditions that are customary in similar exchange
offers, except as may be required by applicable law.  Each Holder of Registrable Notes who wishes
to exchange such Registrable Notes for Exchange Notes in the Exchange Offer will
be required, as a condition to participating in the Exchange Offer, to make
certain customary representations in connection therewith, including, in the
case of any Holder, representations that (i) it is not an Affiliate of the
Company, (ii) it is not a broker-dealer tendering Registrable Notes
acquired directly from the Company for its own account, (iii) the Notes
being exchanged, and the Exchange Notes to be received, by it have been or are
being acquired in the ordinary course of its business and (iv) at the time
of the Exchange Offer, it has no arrangements or understandings with any Person
to participate in the distribution (within the meaning of the Securities Act)
of the Exchange Notes.  The Company shall
inform the Initial Purchasers, after consultation with the Trustee, of the
names and addresses of the Holders to whom the Exchange Offer is made, and the
Initial Purchasers shall have the right to contact such Holders in order to
facilitate the tender of Registrable Notes in the Exchange Offer.

 

Upon consummation of the Exchange Offer in accordance
with this Section 2(a), the provisions of this
Agreement shall continue to apply, mutatis mutandis,
solely with respect to Notes or Exchange Notes held by Initial Purchasers and
Participating Broker-Dealers, and the Company shall have no further obligation
to register the Registrable Notes held by any other Holder pursuant to Section 2(b) of
this Agreement.

 

(b)                                 Shelf Registration.  If (i) because of any change in law, regulation
or in currently prevailing interpretations thereof by the staff of the SEC, the
Company is not permitted to effect the Exchange Offer as contemplated by Section 2(a) hereof,
(ii) the Exchange Offer is not consummated within 225 calendar days after
the Closing Date or (iii) any Holder of Registrable Notes that is a “qualified
institutional buyer” (as defined in Rule 144A under the Securities Act)
shall notify the Company prior to the 20th calendar day following the
consummation of the Exchange Offer (A) that such Holder was prohibited by
applicable law or SEC policy from participating in the Exchange Offer, or (B) that
such Holder may not resell the Exchange Notes acquired by it in the Exchange
Offer to the public without delivering a prospectus and that the Prospectus
contained in the Exchange Offer Registration Statement is not appropriate or
available for such resales by such Holder, or (C) that such Holder is a
Participating Broker-Dealer and holds Notes acquired directly from the Company
or one of its Affiliates (any of the events specified in (i), (ii) or (iii) being
a “Shelf Registration Event”, and the date of occurrence thereof, the “Shelf
Registration Event Date”), then in addition to or in lieu of conducting the 

 

6

 

Exchange Offer
contemplated by Section 2(a) of this Agreement, as the case may be,
the Company shall promptly notify the Holders in writing thereof and shall, at
its cost, file with the SEC as promptly as practicable after such Shelf
Registration Event Date and, in any event, within 45 calendar days after such
Shelf Registration Event Date, or, if later, the 120th calendar day after the
Closing Date, a Shelf Registration Statement providing for the sale by the
Holders of all of the Registrable Notes (other than Registrable Notes owned by
Holders who have elected not to include such Registrable Notes in such Shelf
Registration Statement or who have not complied with their obligations under
the penultimate paragraph of Section 3 hereof or under this paragraph),
and shall use its reasonable best efforts to cause such Shelf Registration
Statement to be declared effective by the SEC as soon as practicable and in any
event, on or before the 120th calendar day after the Shelf Registration Event
Date or, if later, the 225th calendar day after the Closing Date.  No Holder of Registrable Notes shall be
entitled to include any of its Registrable Notes in any Shelf Registration
pursuant to this Agreement unless and until such Holder agrees in writing to be
bound by all of the provisions of this Agreement applicable to such Holder and
furnishes to the Company in writing, within 15 calendar days after receipt of a
request therefor, such information as the Company may, after conferring with
counsel with regard to information relating to Holders that would be required
by the SEC to be included in such Shelf Registration Statement or Prospectus
included therein, reasonably request for inclusion in any Shelf Registration
Statement or Prospectus included therein. 
Each Holder as to which any Shelf Registration is being effected agrees
to furnish to the Company, without request and as soon as practicable, all
information with respect to such Holder necessary to make the information
previously furnished to the Company by such Holder not materially misleading.

 

The Company agrees to use its reasonable best efforts
to keep the Shelf Registration Statement continuously effective and the
Prospectus usable for resales for the earlier of: (x) the expiration of
the Rule 144 Period and (y) such time as all of the Notes covered by
the Shelf Registration Statement have been sold pursuant to the Shelf
Registration Statement or cease to be Registrable Notes (the period from the
effective date of the Shelf Registration Statement until the earlier of the
events described in clauses (x) and (y) being the “Effectiveness
Period”).  The Company shall not permit
any securities other than Registrable Notes to be included in the Shelf
Registration.  The Company will, in the
event a Shelf Registration Statement is declared effective, provide to each
Holder of Registrable Notes covered thereby, a reasonable number of copies of
the Prospectus which is a part of the Shelf Registration Statement, notify each
such Holder when the Shelf Registration has become effective and take any other
action required to permit unrestricted resales of the Registrable Notes.  The Company further agrees to supplement or
amend the Shelf Registration Statement, if required by the rules, regulations
or instructions applicable to the registration form used by the Company for
such Shelf Registration Statement or by the Securities Act or by any other rules and
regulations thereunder for shelf registrations, and the Company agrees to
furnish to the Holders of Registrable Notes covered by such Shelf Registration
Statement copies of any such supplement or amendment promptly after its being
used or filed with the SEC.

 

(c)                                  Expenses.  The Company shall pay all Registration Expenses in
connection with any Registration Statement filed pursuant to Section 2(a) and/or
2(b) hereof and will reimburse the Initial Purchasers for the reasonable
fees and disbursements incurred by the firm of counsel in connection with the
Exchange Offer.  Except as provided
herein, each Holder shall pay all expenses of its counsel, underwriting
discounts and commissions and transfer taxes, if any, 

 

7

 

relating to the
sale or disposition of such Holder’s Registrable Notes pursuant to the Shelf
Registration Statement.

 

(d)                                 Effective Registration
Statement.  An Exchange Offer Registration Statement
pursuant to Section 2(a) hereof or a Shelf Registration Statement
pursuant to Section 2(b) hereof will not be deemed to have become
effective unless it has been declared effective by the SEC; provided, however, that if, after it has been declared
effective, the offering of Registrable Notes pursuant to such Exchange Offer
Registration Statement or Shelf Registration Statement is interfered with by
any stop order, injunction or other order or requirement of the SEC or any
other governmental agency or court, such Exchange Offer Registration Statement
or Shelf Registration Statement will be deemed not to have been effective
during the period of such interference, until the offering of Registrable Notes
pursuant to such Registration Statement may legally resume.  The Company will be deemed not to have used
its reasonable best efforts to cause the Exchange Offer Registration Statement
or the Shelf Registration Statement, as the case may be, to become, or to
remain, effective during the requisite period if it voluntarily takes any
action that would result in any such Registration Statement not being declared
effective or that would result in the otherwise eligible Holders of Registrable
Notes covered thereby not being able to exchange or offer and sell such
Registrable Notes during that period, unless such action is required by
applicable law or regulation or otherwise permitted by provisions of this
Agreement.

 

(e)                                  Additional Interest.  In the event that:

 

(i)                                     the Exchange Offer Registration Statement
is not filed with the SEC on or prior to the 120th calendar day after the
Closing Date, then, commencing on the 121st calendar day after the Closing
Date, additional interest (the “Additional Interest”) shall accrue on the
principal amount of the Registrable Notes over and above the otherwise
applicable interest rate at a rate of 0.25% per annum, plus an additional 0.25%
per annum from and during any period in which such event has continued for more
than 90 calendar days;

 

(ii)                                  the Exchange Offer Registration Statement
is not declared effective by the SEC on or prior to the 180th calendar day
after the Closing Date, then, commencing on the 181st calendar day after the
Closing Date, Additional Interest shall accrue on the principal amount of the
Registrable Notes over and above the otherwise applicable interest rate at a
rate of 0.25% per annum, plus an additional 0.25% per annum from and during any
period in which such event has continued for more than 90 calendar days;

 

(iii)                               (A) the Company has not exchanged Exchange Notes
for all Notes validly tendered and not validly withdrawn, in accordance with
the terms of the Exchange Offer, on or prior to the 225th calendar day after
the Closing Date or (B) if the Shelf Registration Statement is required to
be filed pursuant to Section 2(b) of this Agreement but is not
declared effective by the SEC on or prior to the later of 120 calendar days
after the Shelf Registration Event Date and the 225th calendar day after the
Closing Date, then, commencing on the 121st calendar day after such Shelf Registration
Event Date or the 226th calendar day after the Closing Date, as the case may
be, Additional Interest shall accrue on the principal amount of the Registrable
Notes over and above the otherwise applicable interest rate at the rate of
0.25% per annum, plus an additional 0.25% per 

 

8

 

annum from and during any period in which such event has continued for
more than 90 calendar days;

 

(iv)                              the Company ceases to timely file reports
with the SEC that would be required of a reporting company under the Exchange
Act whether or not the SEC rules and regulations require the Company to
file such reports (unless the SEC will not accept the filing of such reports),
Additional Interest shall accrue on the principal amount of the Notes or the
Exchange Notes over and above the otherwise applicable interest rate at the
rate of 0.25% per annum commencing on the day that the Company ceases to timely
file such reports, plus an additional 0.25% per annum from and during any
period in which such event has continued for more than 90 calendar days;

 

(v)                                 the Exchange Offer Registration Statement
has been declared effective and such Exchange Offer Registration Statement
ceases to be continuously effective or the Prospectus contained in such
Exchange Offer Registration Statement ceases to be usable for its intended
purpose (A) at any time prior to the expiration of the Applicable Period
or (B) if related to corporate developments, public filings with the SEC
or similar events or because the Prospectus contains an untrue statement of a
material fact or omits to state a material fact required to be stated therein
or necessary in order to make the statements therein not misleading, and such
failure continues for more than 45 days (whether or not consecutive and whether
or not arising out of a single or multiple circumstances) in any twelve-month
period, Additional Interest shall accrue on the principal amount of the
Registrable Notes over and above the otherwise applicable interest rate at a
rate of 0.25% per annum commencing on the day that (in the case of (A) above),
or the 46th (cumulative) day after (in the case of (B) above), such
Exchange Offer Registration Statement ceases to be effective or the Prospectus
ceases to be usable for its intended purposes, plus an additional 0.25% per
annum from and during any period in which such event has continued for more
than 90 calendar days; or

 

(vi)                              the Shelf Registration Statement has been
declared effective and such Shelf Registration Statement ceases to be
continuously effective or the Prospectus contained in such Shelf Registration
Statement ceases to be usable for resales (A) at any time prior to the
expiration of the Effectiveness Period or (B) if related to corporate
developments, public filings with the SEC or similar events or because the
Prospectus contains an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary in order to make the
statements therein not misleading, and such failure continues for more than 45
days (whether or not consecutive and whether or not arising out of a single or
multiple circumstances) in any twelve-month period, Additional Interest shall
accrue on the principal amount of the Registrable Notes over and above the
otherwise applicable interest rate at a rate of 0.25% per annum commencing on
the day that (in the case of (A) above), or the 46th (cumulative) day
after (in the case of (B) above), such Shelf Registration Statement ceases
to be effective or the Prospectus ceases to be usable for resales, plus an
additional 0.25% per annum from and during any period in which such event has
continued for more than 90 calendar days;

 

provided, however, that the aggregate amount of Additional Interest in
respect of the Notes, the Registrable Notes or the Exchange Notes, as the case
may be, may not exceed 

 

9

 

0.50% per annum (regardless of whether multiple events
triggering Additional Interest under this subsection (e) exist); provided, further, however, that (1) upon the filing of
the Exchange Offer Registration Statement (in the case of clause (i) above),
(2) upon the effectiveness of the Exchange Offer Registration Statement
(in the case of clause (ii) above), (3) upon the exchange of Exchange
Notes for all Notes validly tendered and not validly withdrawn (in the case of
clause (iii)(A) above) or upon the effectiveness of the Shelf Registration
Statement (in the case of clause (iii)(B) above), (4) upon the
Company filing all reports with the SEC that would be required of a reporting
company under the Exchange Act (in the case of clause (iv) above, (5) upon
the earlier of (x) such time as the Exchange Offer Registration Statement
which had ceased to remain effective or the Prospectus which had ceased to be
usable for its intended purpose again becomes effective and usable for its
intended purpose, as applicable, and (y) the expiration of the Applicable
Period (each in the case of clause (v) above), and (6) upon the
earlier of (x) such time as the Shelf Registration Statement which had
ceased to remain effective or the Prospectus which had ceased to be usable for
resales again becomes effective and usable for resales, as applicable, and (y) the
expiration of the Effectiveness Period (each in the case of clause (vi) above),
Additional Interest on the principal amount of the Notes, the Registrable Notes
or the Exchange Notes, as the case may be, as a result of such clause (or the
relevant subclause thereof) shall cease to accrue;

 

provided, further, however, that if (i) the Holders do not make
the representations required by Section 2(a) of this Agreement or (ii) the
Company shall request Holders to provide the information required by the SEC for
inclusion in the Shelf Registration Statement, when required pursuant to Section 2(b) of
this Agreement, then the Notes owned by Holders who do not provide such
representations or information, as the case may be, when required will not be
entitled to any Additional Interest for any day after the Closing Date,
regardless of the existence of any events which would otherwise trigger
Additional Interest under this subsection (e) for such Holders.

 

Any Additional Interest
due pursuant to Section 2(e)(i), (ii), (iii), (iv), (v) or (vi) above
will be payable in cash on the next succeeding April 15 or October 15,
as the case may be, to eligible Holders (as determined under this subsection
(e)) on the relevant record dates for the payment of interest pursuant to the
Indenture.

 

(f)                                    Specific Enforcement.  Without limiting the remedies available to the
Holders, the Company acknowledges that any failure by the Company to comply
with its obligations under Section 2(a) and Section 2(b) hereof
may result in material irreparable injury to the Holders for which there is no
adequate remedy at law, that it would not be possible to measure damages for
such injuries precisely and that, in the event of any such failure, any Holder
may obtain such relief as may be required to specifically enforce the Company’s
obligations under Section 2(a) and Section 2(b) hereof.

 

3.                                      Registration Procedures.  In connection with the obligations of the Company with
respect to the Registration Statements pursuant to Sections 2(a) and 2(b) hereof,
the Company shall:

 

10

 

(a)           prepare and file with the SEC a
Registration Statement or Registration Statements as prescribed by Sections 2(a) and
2(b) hereof within the relevant time period specified in Section 2
hereof on the appropriate form under the Securities Act, which form shall (i) be
selected by the Company, (ii) in the case of a Shelf Registration, be
available for the sale of the Registrable Notes by the selling Holders thereof
and, in the case of an Exchange Offer, be available for the exchange of
Registrable Notes, and (iii) comply as to form in all material respects
with the requirements of the applicable form and include all financial
statements required by the SEC to be filed therewith; and use its reasonable
best efforts to cause such Registration Statement to become effective and
remain effective (and, in the case of a Shelf Registration Statement, the
Prospectus to be usable for resales) in accordance with Section 2 hereof; provided, however, that if (1) such filing is pursuant
to Section 2(b) of this Agreement, or (2) a Prospectus contained
in an Exchange Offer Registration Statement filed pursuant to Section 2(a) of
this Agreement is required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes, before filing any Registration
Statement or Prospectus or any amendments or supplements thereto, the Company
shall furnish to and afford the Holders of the Registrable Notes and each such
Participating Broker-Dealer, as the case may be, covered by such Registration
Statement, their counsel and the managing underwriters, if any, a reasonable
opportunity to review copies of all such documents (including, upon request,
copies of any documents to be incorporated by reference therein and all
exhibits thereto) proposed to be filed; and the Company shall not file any
Registration Statement or Prospectus or any amendments or supplements thereto
in respect of which the Holders must be afforded an opportunity to review prior
to the filing of such document if the Majority Holders of the Registrable
Notes, depending solely upon which Holders must be afforded the opportunity of
such review, or such Participating Broker-Dealer, as the case may be, their
counsel or the managing underwriters, if any, shall reasonably object in a
timely manner;

 

(b)           prepare and file with the SEC such
amendments and post-effective amendments to each Registration Statement as may
be necessary to keep such Registration Statement effective for the
Effectiveness Period or the Applicable Period, as the case may be, and cause
each Prospectus to be supplemented, if so determined by the Company or
requested by the SEC, by any required prospectus supplement and as so
supplemented to be filed pursuant to Rule 424 (or any similar provision
then in force) under the Securities Act, and comply with the provisions of the
Securities Act, the Exchange Act and the rules and regulations promulgated
thereunder applicable to it with respect to the disposition of all Notes
covered by each Registration Statement during the Effectiveness Period or the
Applicable Period, as the case may be, in accordance with the intended method
or methods of distribution by the selling Holders thereof described in this
Agreement (including sales by any Participating Broker-Dealer);

 

(c)           in the case of an Exchange Offer
Registration Statement, if in the reasonable opinion of counsel to the Company
there is a question as to whether the Exchange Offer is permitted by applicable
law, seek a no-action letter or other favorable decision from the SEC allowing
the Company to consummate an Exchange Offer for such Notes.  The Company hereby agrees to pursue the
issuance of such a decision to the SEC staff level but shall not be required to
take commercially unreasonable action to effect a change of SEC policy.  The Company hereby agrees, however, to (i) participate
in telephonic conferences with the SEC, (ii) deliver to the SEC staff an
analysis prepared by counsel to the Company setting forth the legal bases, if
any, upon which such counsel has concluded that such an Exchange Offer should
be 

 

11

 

permitted and (iii) diligently pursue a
resolution (which need not be favorable) by the SEC staff of such submission;

 

(d)                                 in the case of an Exchange Offer
Registration Statement, prior to the effectiveness of such statement, provide a
supplemental letter to the SEC (i) stating that the Company is registering
the Exchange Offer in reliance on the position of the SEC enunciated in Exxon
Capital Holdings Corporation (available May 13, 1988), Morgan
Stanley and Co., Inc. (available June 5, 1991), Brown &
Wood LLP (available February 7, 1997) and, if applicable, any
no-action letter obtained pursuant to Section 3(c) of this Agreement
and (ii) including a representation that the Company has not entered into
any arrangement or understanding with any Person to distribute the Exchange
Notes to be received in the Exchange Offer and that, to the best of the Company’s
information and belief, each Holder participating in the Exchange Offer is
acquiring the Exchange Notes in its ordinary course of business and has no
arrangement or understanding with any Person to participate in the distribution
of the Exchange Notes received in the Exchange Offer;

 

(e)                                  in the case of a Shelf Registration, (i) notify
each Holder of Registrable Notes included in the Shelf Registration Statement,
at least five Business Days prior to filing, that a Shelf Registration
Statement with respect to the Registrable Notes is being filed and advising
such Holder that the distribution of Registrable Notes will be made in
accordance with the method selected by the Majority Holders of the Registrable
Notes, (ii) furnish to each Holder of Registrable Notes included in the
Shelf Registration Statement and to each underwriter of an underwritten
offering of Registrable Notes, if any, without charge, as many copies of each
Prospectus, including each preliminary prospectus, and any amendment or
supplement thereto, and such other documents as such Holder or underwriter may
reasonably request, in order to facilitate the public sale or other disposition
of the Registrable Notes and (iii) consent to the use of the Prospectus or
any amendment or supplement thereto by each of the selling Holders of
Registrable Notes included in the Shelf Registration Statement in connection
with the offering and sale of the Registrable Notes covered by the Prospectus
or any amendment or supplement thereto;

 

(f)                                    in the case of a Shelf Registration,
register or qualify the Registrable Notes under all applicable state securities
or “blue sky” laws of such jurisdictions by the time the applicable
Registration Statement is declared effective by the SEC as any Holder of
Registrable Notes covered by a Registration Statement and each underwriter of
an underwritten offering of Registrable Notes shall reasonably request in
writing in advance of such date of effectiveness, and do any and all other acts
and things which may be reasonably necessary or advisable to enable such Holder
and underwriter to consummate the disposition in each such jurisdiction of such
Registrable Notes owned by such Holder; provided, however,
that the Company shall not be required to (i) qualify as a foreign
corporation or as a dealer in securities in any jurisdiction where it would not
otherwise be required to qualify but for this Section 3(f), (ii) file
any general consent to service of process in any jurisdiction where it would
not otherwise be subject to such service of process or (iii) subject
itself to taxation in any such jurisdiction if it is not then so subject;

 

(g)                                 (1) in the case of a Shelf
Registration or (2) if Participating Broker-Dealers from whom the Company
has received prior written notice that they will be 

 

12

 

using the Prospectus contained in the Exchange Offer
Registration Statement as provided in Section 3(u) hereof, are
seeking to sell Exchange Notes and are required to deliver Prospectuses,
promptly notify each Holder of Registrable Notes, or such Participating
Broker-Dealers, as the case may be, their counsel and the managing
underwriters, if any, and promptly confirm such notice in writing (i) when
a Registration Statement has become effective and when any post-effective
amendments thereto become effective, (ii) of any request by the SEC or any
state securities authority for amendments and supplements to a Registration
Statement or Prospectus or for additional information after the Registration
Statement has become effective, (iii) of the issuance by the SEC or any
state securities authority of any stop order suspending the effectiveness of a
Registration Statement or the qualification of the Registrable Notes or the
Exchange Notes to be offered or sold by any Participating Broker-Dealer in any
jurisdiction described in Section 3(f) hereof or the initiation of
any proceedings for that purpose, (iv) in the case of a Shelf
Registration, if, between the effective date of a Registration Statement and
the closing of any sale of Registrable Notes covered thereby, the
representations and warranties of the Company contained in any purchase
agreement, securities sales agreement or other similar agreement cease to be
true, correct and complete in all material respects, (v) of the happening
of any event or the failure of any event to occur or the discovery of any
facts, during the Effectiveness Period, which makes any statement made in such
Registration Statement or the related Prospectus untrue in any material respect
or which causes such Registration Statement or Prospectus to omit to state a
material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, as well as any
other corporate developments, public filings with the SEC or similar events
causing such Registration Statement not to be effective or the Prospectus not
to be useable for resales and (vi) of the reasonable determination of the
Company that a post-effective amendment to the Registration Statement would be
appropriate;

 

(h)                                 obtain the withdrawal of any order
suspending the effectiveness of a Registration Statement as soon as
practicable;

 

(i)                                     in the case of a Shelf Registration,
furnish to each Holder of Registrable Notes included within the coverage of
such Shelf Registration Statement, without charge, at least one conformed copy
of each Registration Statement relating to such Shelf Registration and any
post-effective amendment thereto (without documents incorporated therein by
reference or exhibits thereto, unless requested);

 

(j)                                     in the case of a Shelf Registration,
cooperate with the selling Holders of Registrable Notes to facilitate the
timely preparation and delivery of certificates representing Registrable Notes
to be sold and not bearing any restrictive legends (except any customary legend
borne by securities held through The Depository Trust Company or any similar
depositary) and in such denominations (consistent with the provisions of the
Indenture and the officer’s certificate establishing the forms and the terms of
the Notes pursuant to the Indenture) and registered in such names as the
selling Holders or the underwriters may reasonably request (provided such names
are consistent with the names of the selling security holders set forth in the
Shelf Registration Statement) at least two Business Days prior to the closing
of any sale of Registrable Notes pursuant to such Shelf Registration Statement;

 

13

 

(k)           in the case of a Shelf Registration or an
Exchange Offer Registration, promptly after the occurrence of any event
specified in Section 3(g)(ii), 3(g)(iii), 3(g)(v) (subject to the
45-day cumulative grace period within any twelve-month period provided for in Section 2(e)(v)(B) and
Section 2(e)(vi)(B)) and 3(g)(vi) hereof, prepare a supplement or
post-effective amendment to such Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other
required document so that, as thereafter delivered to the purchasers of the
Registrable Notes, such Prospectus will not include any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading; and the Company shall notify each Holder to suspend use of the
Prospectus as promptly as practicable after the occurrence of such an event,
and each Holder hereby agrees to suspend use of the Prospectus until the
Company has amended or supplemented the Prospectus to correct such misstatement
or omission;

 

(l)            obtain a CUSIP number, and any other
appropriate security identification number, for the Exchange Notes or the
Registrable Notes, as the case may be, not later than the effective date of a
Registration Statement, and provide the Trustee with certificates for the
Exchange Notes or the Registrable Notes, as the case may be, in a form eligible
for deposit with the Depositary;

 

(m)          cause the Indenture to be qualified under
the Trust Indenture Act of 1939, as amended (the “TIA”), in connection with the
registration of the Exchange Notes or Registrable Notes, as the case may be,
and cooperate with the Trustee and the Holders to effect such changes to such documents
as may be required for them to be so qualified in accordance with the terms of
the TIA and execute, and use its reasonable best efforts to cause the Trustee
to execute, all documents as may be required to effect such changes, and all
other forms and documents required to be filed with the SEC to enable such
documents to be so qualified in a timely manner;

 

(n)           in the case of a Shelf Registration,
enter into such agreements (including underwriting agreements) as are customary
in underwritten offerings and take all such other appropriate actions in
connection therewith as are reasonably requested by the Holders of at least 25%
in aggregate principal amount of the Registrable Notes covered thereby in order
to expedite or facilitate the registration or the disposition of the
Registrable Notes;

 

(o)           in the case of a Shelf Registration,
whether or not an underwriting agreement is entered into and whether or not the
registration is an underwritten registration, if requested by (x) an
Initial Purchaser, in the case where such Initial Purchaser holds Notes
acquired by it as part of its initial placement, or (y) Holders of at
least 25% in aggregate principal amount of the Registrable Notes covered
thereby: (i) make such representations and warranties to Holders of such
Registrable Notes and the underwriters (if any), with respect to the business
of the Company as then conducted and the Registration Statement, Prospectus and
documents, if any, incorporated or deemed to be incorporated by reference
therein, in each case, as are customarily made by issuers to underwriters in
underwritten offerings, and confirm the same if and when requested; (ii) obtain
opinions of counsel to the Company and updates thereof (which may be in the
form of a reliance letter) in form and substance reasonably satisfactory to the
managing underwriters (if any) and the Holders of a majority in amount of the
Registrable Notes 

 

14

 

being sold, addressed to each selling Holder and the
underwriters (if any) covering the matters customarily covered in opinions
requested in underwritten offerings and such other matters as may be reasonably
requested by such underwriters (it being agreed that the matters to be covered
by such opinion may be subject to customary qualifications and exceptions); (iii) obtain
“cold comfort” letters and updates thereof in form and substance reasonably
satisfactory to the managing underwriters from the independent registered
public accountants of the Company, addressed to each of the underwriters, such
letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings and
such other matters as reasonably requested by such underwriters in accordance
with Statement on Auditing Standards No. 72; and (iv) if an
underwriting agreement is entered into, the same shall contain indemnification
provisions and procedures no less favorable than those set forth in Section 4
hereof (or such other provisions and procedures acceptable to Holders of a
majority in aggregate principal amount of Registrable Notes covered by such
Registration Statement and the managing underwriters) customary for such
agreements with respect to all parties to be indemnified pursuant to said Section (including,
without limitation, such underwriters and selling Holders); and in the case of
an underwritten registration, the above requirements shall be satisfied at each
closing under the related underwriting agreement or as and to the extent
required thereunder;

 

(p)           if (1) a Shelf Registration is
filed pursuant to Section 2(b) or (2) a Prospectus contained in
an Exchange Offer Registration Statement filed pursuant to Section 2(a) is
required to be delivered under the Securities Act by any Participating
Broker-Dealer who seeks to sell Exchange Notes during the Applicable Period,
make reasonably available for inspection by any selling Holder of Registrable
Notes or Participating Broker-Dealer, as applicable, who certifies to the Company
that it has a current intention to sell Registrable Notes pursuant to the Shelf
Registration, any underwriter participating in any such disposition of
Registrable Notes, if any, and any attorney, accountant or other agent retained
by any such selling Holder, Participating Broker-Dealer, as the case may be, or
underwriter (collectively, the “Inspectors”), at the offices where normally
kept, during the Company’s normal business hours, all financial and other
records, pertinent organizational and operational documents and properties of
the Company (collectively, the “Records”) as shall be reasonably necessary to
enable them to conduct due diligence activities, and cause the officers,
trustees and employees of the Company to supply all relevant information in
each case reasonably requested by any such Inspector in connection with such
Registration Statement; Records and information which the Company determines,
in good faith, to be confidential and any Records and information which it
notifies the Inspectors are confidential shall not be disclosed to any
Inspector except where (i) the disclosure of such Records or information
is necessary to avoid or correct a material misstatement or omission in such
Registration Statement, (ii) the release of such Records or information is
ordered pursuant to a subpoena or other order from a court of competent
jurisdiction or is necessary in connection with any action, suit or proceeding
or (iii) such Records or information previously has been made generally
available to the public; each selling Holder of such Registrable Notes and each
such Participating Broker-Dealer will be required to agree in writing that
Records and information obtained by it as a result of such inspections shall be
deemed confidential and shall not be used by it as the basis for any market
transactions in the securities of the Company unless and until such is made
generally available to the public through no fault of an Inspector or a selling
Holder; and each selling Holder of such Registrable Notes and each such
Participating Broker-Dealer will be required to further agree in writing that
it will, 

 

15

 

upon learning that disclosure of such Records or
information is sought in a court of competent jurisdiction, or in connection
with any action, suit or proceeding, give notice to the Company and allow the
Company at its expense to undertake appropriate action to prevent disclosure of
the Records and information deemed confidential;

 

(q)           comply with all applicable rules and
regulations of the SEC so long as any provision of this Agreement shall be
applicable and make generally available to its security holders earning
statements satisfying the provisions of Section 11(a) of the
Securities Act and Rule 158 thereunder (or any similar rule promulgated
under the Securities Act) no later than 45 days after the end of any 12-month
period (or 90 days after the end of any 12-month period if such period is a
fiscal year) (i) commencing at the end of any fiscal quarter in which
Registrable Notes are sold to underwriters in a firm commitment or best efforts
underwritten offering and (ii) if not sold to underwriters in such an
offering, commencing on the first day of the first fiscal quarter of the
Company after the effective date of a Registration Statement, which statements
shall cover said 12-month periods, provided that
the obligations under this paragraph (q) shall be satisfied by the timely
filing of quarterly and annual reports on Forms 10-Q and 10-K under the
Exchange Act;

 

(r)            if an Exchange Offer is to be
consummated, upon delivery of the Registrable Notes by Holders to the Company
(or to such other Person as directed by the Company), in exchange for the
Exchange Notes, the Company shall mark, or cause to be marked, on such Notes
delivered by such Holders that such Notes are being cancelled in exchange for
the Exchange Notes; it being understood that in no event shall such Notes be
marked as paid or otherwise satisfied;

 

(s)           cooperate with each seller of Registrable
Notes covered by any Registration Statement and each underwriter, if any,
participating in the disposition of such Registrable Notes and their respective
counsel in connection with any filings required to be made with the FINRA;

 

(t)            take all other steps reasonably necessary
to effect the registration of the Registrable Notes covered by a Registration
Statement contemplated hereby;

 

(u)           (A)  in the case of the
Exchange Offer Registration Statement (i) include in the Exchange Offer
Registration Statement a section entitled “Plan of Distribution,” which section
shall be reasonably acceptable to the Initial Purchasers or another
representative of the Participating Broker-Dealers, and which shall contain a
summary statement of the positions taken or policies made by the staff of the
SEC with respect to the potential “underwriter” status of any broker-dealer
that holds Registrable Notes acquired for its own account as a result of
market-making activities or other trading activities (a “Participating
Broker-Dealer”) and that will be the beneficial owner (as defined in Rule 13d-3
under the Exchange Act) of Exchange Notes to be received by such broker-dealer
in the Exchange Offer, whether such positions or policies have been publicly
disseminated by the staff of the SEC or such positions or policies, in the
reasonable judgment of the Initial Purchasers or such other representative,
represent the prevailing views of the staff of the SEC, including a statement
that any such broker-dealer who receives Exchange Notes for Registrable Notes
pursuant to the Exchange Offer may be deemed a statutory underwriter and must
deliver a prospectus meeting the requirements of the Securities 

 

16

 

Act in connection with any resale of such Exchange
Notes, (ii) furnish to each Participating Broker-Dealer who has delivered
to the Company the notice referred to in Section 3(g) of this
Agreement, without charge, as many copies of each Prospectus included in the
Exchange Offer Registration Statement, including any preliminary Prospectus,
and any amendment or supplement thereto, as such Participating Broker-Dealer
may reasonably request (the Company hereby consents to the use of the
Prospectus forming part of the Exchange Offer Registration Statement or any
amendment or supplement thereto by any Person subject to the prospectus
delivery requirements of the Securities Act, including all Participating
Broker-Dealers, in connection with the sale or transfer of the Exchange Notes
covered by the Prospectus or any amendment or supplement thereto), (iii) use
its reasonable best efforts to keep the Exchange Offer Registration Statement
effective and to amend and supplement the Prospectus contained therein in order
to permit such Prospectus to be lawfully delivered by all Persons subject to
the prospectus delivery requirements of the Securities Act for such period of
time as such Persons must comply with such requirements under the Securities
Act and applicable rules and regulations in order to resell the Exchange
Notes; provided, however, that such period
shall not be required to exceed one year following the completion of the
Exchange Offer (or such longer period if extended pursuant to the last sentence
of Section 3 hereof) (the “Applicable Period”), and (iv) include in
the transmittal letter or similar documentation to be executed by an exchange
offeree in order to participate in the Exchange Offer (x) the following
provision:

 

“If the exchange offeree is a broker-dealer holding
Registrable Notes acquired for its own account as a result of market-making
activities or other trading activities, it will deliver a prospectus meeting
the requirements of the Securities Act in connection with any resale of
Exchange Notes received in respect of such Registrable Notes pursuant to the
Exchange Offer”;

 

and (y) a statement
to the effect that by a Participating Broker-Dealer making the acknowledgment
described in clause (x) and by delivering a Prospectus in connection with
the exchange of Registrable Notes, the Participating Broker-Dealer will not be
deemed to admit that it is an underwriter within the meaning of the Securities
Act; and (B) in the case of any Exchange Offer Registration Statement, the
Company agrees to deliver to the Initial Purchasers or to another representative
of the Participating Broker-Dealers, if reasonably requested by an Initial
Purchaser or such other representative of Participating Broker-Dealers, on
behalf of the Participating Broker-Dealers upon consummation of the Exchange
Offer (i) an opinion of counsel in form and substance reasonably
satisfactory to such Initial Purchaser or such other representative of the
Participating Broker-Dealers, covering the matters customarily covered in
opinions requested in connection with Exchange Offer Registration Statements
and such other matters as may be reasonably requested (it being agreed that the
matters to be covered by such opinion may be subject to customary
qualifications and exceptions), (ii) an officer’s certificate
substantially similar to that specified in Section 7(f) of the
Purchase Agreement and such additional certifications as are customarily
delivered in a public offering of debt and (iii) upon the effectiveness of
the Exchange Offer Registration Statement, comfort letters, in each case, in
customary form if permitted by Statement on Auditing Standards No. 72.

 

The Company may require each seller of Registrable
Notes as to which any registration is being effected to furnish to the Company
such information regarding such seller 

 

17

 

and the proposed
disposition by said seller as may be required by the staff of the SEC to be
included in a Registration Statement. 
The Company may exclude from such registration the Registrable Notes of
any seller who fails to furnish such information within a reasonable time after
receiving such request.  The Company
shall have no obligation to register under the Securities Act the Registrable
Notes of a seller who so fails to furnish such information.

 

In the case of a Shelf Registration Statement, or if
Participating Broker-Dealers who have notified the Company that they will be
using the Prospectus contained in the Exchange Offer Registration Statement as
provided in this Section 3(u) are seeking to sell Exchange Notes and
are required to deliver Prospectuses, each Holder agrees that, upon receipt of
any notice from the Company of the occurrence of any event specified in Section 3(g)(ii),
3(g)(iii), 3(g)(v) or 3(g)(vi) hereof, such Holder will forthwith
discontinue disposition of Registrable Notes pursuant to a Registration
Statement until such Holder’s receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 3(k) hereof or until it is
advised in writing (the “Advice”) by the Company that the use of the applicable
Prospectus may be resumed, and, if so directed by the Company, such Holder will
deliver to the Company (at the Company’s expense) all copies in such Holder’s
possession, other than permanent file copies then in such Holder’s possession,
of the Prospectus covering such Registrable Notes or Exchange Notes, as the
case may be, current at the time of receipt of such notice.  If the Company shall give any such notice to
suspend the disposition of Registrable Notes or Exchangeable Notes, as the case
may be, pursuant to a Registration Statement, the Company shall use its
reasonable best efforts to file and have declared effective (if an amendment),
as soon as practicable after the resolution of the related matters, an
amendment or supplement to the Registration Statement and shall extend the
period during which such Registration Statement is required to be maintained
effective and the Prospectus usable for resales pursuant to this Agreement by
the number of days in the period from and including the date of the giving of
such notice to and including the date when the Company shall have made
available to the Holders (x) copies of the supplemented or amended
Prospectus necessary to resume such dispositions or (y) the Advice.

 

4.             Indemnification and
Contribution.   (a)  In connection with a Shelf
Registration Statement or in connection with any delivery of a Prospectus
contained in an Exchange Offer Registration Statement by any Participating
Broker-Dealer or Initial Purchaser, as applicable, who seeks to sell Exchange
Notes, the Company shall indemnify, defend and hold harmless each Holder of
Registrable Notes included within any such Shelf Registration Statement and
each Participating Broker-Dealer or Initial Purchaser selling Exchange Notes, underwriters,
their officers and employees, and each Person, if any, who controls any such
Person within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act from and against any and all losses, claims, damages or
liabilities, joint or several, to which that Holder, Participating
Broker-Dealer, Initial Purchaser, underwriter, officer, employee or controlling
person may become subject, under the Securities Act or any other statute or
common law and shall reimburse each Holder, Participating Broker-Dealer,
Initial Purchaser, underwriter, officer, employee or controlling person for any
legal or other expenses (including to the extent hereinafter provided,
reasonable counsel fees) incurred by that Holder, Participating Broker-Dealer, Initial
Purchaser, underwriter, officer, employee or controlling person in connection
with investigating any such losses, claims, damages, liabilities or in
connection with defending any action, insofar as such losses, claims, damages,
liabilities, expenses or actions arise out of, or are based upon, (A) any
untrue statement or alleged untrue statement of a material fact contained in 

 

18

 

any Registration
Statement (or any amendment thereto) or Prospectus (or any amendment or
supplement thereto), covering Registrable Notes or Exchange Notes, as
applicable, (B) the omission or alleged omission to state in any
Registration Statement (or any amendment thereto) or Prospectus (or any
amendment or supplement thereto) any material fact required to be stated
therein or necessary to make the statements therein not misleading, or (C) any
act or failure to act or any alleged act or failure to act by any Holder,
Participating Broker-Dealer, Initial Purchaser, underwriter, officer, employee
or controlling person in connection with, or relating in any manner to, the
Notes or the transactions contemplated hereby, and which is included as part of
or referred to in any loss, claim, damage, liability or action arising out of
or based upon matters covered by clause (A) or (B) above (provided
that the Company shall not be liable under this clause (C) to the extent
that it is determined in a final judgment by a court of competent jurisdiction
that such loss, claim, damage, liability or action resulted directly from any
acts or failures to act under taken or omitted to be taken such by such Holder,
Participating Broker-Dealer, Initial Purchaser or underwriter through its gross
negligence or willful misconduct); provided, however,
that this indemnity does not apply to any loss, claim, damage, liability,
expense or action arising out of (i) an untrue statement or omission or
alleged untrue statement or omission made in reliance upon and in conformity
with written information furnished in writing to the Company by the Initial
Purchasers or any Holder, underwriter or Participating Broker-Dealer for use in
a Registration Statement (or any amendment thereto) or any Prospectus (or any
amendment or supplement thereto) or (ii) the failure of any Holder to
comply with the provisions of the last paragraph of Section 3 of this
Agreement; provided, further, however, that no
indemnity by the Company to any Holder, Participating Broker-Dealer, Initial
Purchaser, underwriter, officer, employee or controlling person shall apply in
respect of any final Prospectus furnished by such person to a person who
receives the Exchange Notes or the Registrable Notes, insofar as such indemnity
relates to any untrue or misleading statement or omission made in such final Prospectus
but eliminated or remedied prior to the confirmation of the sale of such
Exchange Notes or Registrable Notes in any amendment or supplement thereto,
unless a copy of such amendment or supplement (excluding any documents
incorporated by reference in such final Prospectus) is furnished by such person
on or before the confirmation of such sale.

 

(b)           Each of the Initial Purchasers and
each Holder, underwriter or Participating Broker-Dealer agrees, severally and
not jointly, to indemnify and hold harmless the Company, its officers and
employees, and each Person, if any, who controls the Company within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange
Act, from and against any and all losses, claims, damages or liabilities, joint
or several, to which the Company, its officers, employees or controlling
persons may become subject, under the Securities Act or any other statute or
common law, and shall reimburse the Company and any such officer, employee or
controlling person for any legal or other expenses (including, to the extent
hereinafter provided, reasonable counsel fees) incurred by them in connection
with investigating any such losses, claims, damages, liabilities or in
connection with defending any action insofar as such losses, claims, damages,
liabilities, expenses or actions arise out of, or are based upon, (A) any
untrue statement or alleged untrue statement of a material fact contained in
any Registration Statement (or any amendment thereto) or Prospectus (or any
amendment or supplement thereto), covering Registrable Notes or Exchange Notes,
as applicable, or (B) the omission or alleged omission to state in any
Registration Statement (or any amendment thereto) or Prospectus (or any
amendment or supplement thereto) any material fact required to be stated 

 

19

 

therein or necessary to make the statements therein
not misleading, but in each case only to the extent that the untrue statement
or alleged untrue statement or omission or alleged omission was made in
reliance upon and in conformity with written information concerning such
Initial Purchaser, Holder, underwriter or Participating Broker-Dealer
specifically for inclusion therein; provided, however,
that in the case of a Shelf Registration Statement, no such Holder shall be
liable for any claims hereunder in excess of the amount of net proceeds
received by such Holder from the sale of Registrable Notes pursuant to such
Shelf Registration Statement.

 

(c)           In case any action shall be brought against any party
in respect of which indemnity may be sought pursuant to paragraph (a) or (b) of
this Section 4, such party (hereinafter called the indemnified party)
shall promptly notify the party or parties against whom indemnity shall be
sought hereunder (hereinafter called the indemnifying party) in writing, and
the indemnifying party shall have the right to participate at its own expense
in the defense or, if it so elects, to assume (in conjunction with any other
indemnifying party) the defense thereof, including the employment of counsel
reasonably satisfactory to the indemnified party and the payment of all fees
and expenses.  If the indemnifying party
shall elect not to assume the defense of any such action, the indemnifying
party shall reimburse the indemnified party for the reasonable fees and
expenses of any counsel retained by such indemnified party.  Such indemnified party shall have the right
to employ separate counsel in any such action in which the defense has been
assumed by the indemnifying party and participate in the defense thereof, but
the fees and expenses of such counsel shall be at the expense of such
indemnified party unless (i) the employment of counsel has been
specifically authorized by the indemnifying party or (ii) the named
parties to any such action (including any impleaded parties) include each of
such indemnified party and the indemnifying party and such indemnified party
shall have been advised by such counsel that a conflict of interest between the
indemnifying party and such indemnified party may arise and for this reason it
is not desirable for the same counsel to represent both the indemnifying party
and the indemnified party (it being understood, however, that the indemnifying
party shall not, in connection with any one such action or separate but
substantially similar or related actions in the same jurisdiction arising out
of the same general allegations or circumstances, be liable for the reasonable
fees and expenses of more than one separate firm of attorneys for such
indemnified party (plus any local counsel retained by such indemnified party in
its reasonable judgment)).  The
indemnified party shall be reimbursed for all such fees and expenses as they
are incurred.  The indemnifying party
shall not be liable for any settlement of any such action effected without its
consent, but if any such action is settled with the consent of the indemnifying
party or if there be a final judgment for the plaintiff in any such action, the
indemnifying party agrees to indemnify and hold harmless the indemnified party
from and against any loss or liability by reason of such settlement or
judgment.  No indemnifying party shall,
without the prior written consent of the indemnified party, effect any
settlement of any pending or threatened action, suit or proceeding in respect
of which any indemnified party is or could have been a party and indemnity has
or could have been sought hereunder by such indemnified party, unless such
settlement includes an unconditional release of such indemnified party from all
liability on claims that are the subject matter of such action, suit or
proceeding.

 

(d)           If the indemnification provided for
under this Section 4 is unavailable to an indemnified party in respect of
any losses, claims, damages or liabilities referred to therein, then each
indemnifying party, in lieu of indemnifying such indemnified party, 

 

20

 

shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages or liabilities (i) in
such proportion as is appropriate to reflect the relative benefits received by
the Company from the initial offering and sale of the Notes, on the one hand,
and by a Holder from receiving Registrable Notes or Exchange Notes registered
under the Securities Act, on the other, or (ii) if the allocation provided
by clause (i) above is not permitted by applicable law, in such proportion
as is appropriate to reflect the relative fault of the Company on the one hand
and such Holder on the other in connection with the statements or omissions
which resulted in such losses, claims, damages or liabilities, as well as any
other relevant equitable considerations. 
The relative fault of the Company on the one hand and the Holders on the
other shall be determined by reference to, among other things, whether the
untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by
the Company or by any of the Initial Purchasers and such parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission.

 

The Company and the Holders agree that it would not be
just and equitable if contribution pursuant to this Section 4 were
determined by pro rata allocation or by any other method of allocation which
does not take account of the equitable considerations referred to in the
immediately preceding paragraph.  The
amount paid or payable to an indemnified party as a result of the losses,
claims, damages and liabilities referred to in the immediately preceding
paragraph shall be deemed to include, subject to the limitations set forth
above, any legal or other expenses reasonably incurred by such indemnified
party in connection with investigating or defending any such action or
claim.  Notwithstanding the provisions of
this Section 4, an indemnifying party that is a Holder of Registrable
Notes or Exchange Notes shall not be required to contribute any amount in
excess of the amount by which the total price at which the Registrable Notes or
the Exchange Notes sold by such indemnifying party to any purchaser exceeds the
amount of any damages which such indemnifying party has otherwise paid or
become liable to pay by reason of any untrue or alleged untrue statement or
omission or alleged omission.  The
Holders’ obligations in this Section 4 to contribute shall be several in
proportion to the principal amount of Registrable Notes and Exchange Notes
registered for them and not joint.  No
person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution from any person who
was not guilty of such fraudulent misrepresentation.  For purposes of this Section 4, each
Affiliate of a Holder, and each director, officer and employee and Person, if
any, who controls a Holder or such Affiliate within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act shall have the same
rights to contribution as such Holder and each Person, if any, who controls the
Company within the meaning of Section 15 of the Securities Act or Section 20
of the Exchange Act shall have the same rights to contribution as the Company .

 

5.             Participation in an Underwritten
Registration.  No Holder may participate in an
underwritten registration hereunder unless such Holder (a) agrees to sell
such Holder’s Registrable Notes on the basis provided in the underwriting
arrangement approved by the Persons entitled hereunder to approve such
arrangements and (b) completes and executes all reasonable questionnaires,
powers of attorney, indemnities, underwriting agreements, lock-up letters and
other documents reasonably required under the terms of such underwriting arrangements.

 

21

 

6.             Selection of Underwriters.  The Holders of Registrable Notes covered by the Shelf
Registration Statement who desire to do so may sell the Notes covered by such
Shelf Registration in an underwritten offering, subject to the provisions of Section 3(n) hereof.
In any such underwritten offering, the underwriter or underwriters and manager
or managers that will administer the offering will be selected by the Holders
of a majority  in aggregate principal amount of
the Registrable Notes included in such offering; provided,
however, that such underwriters and managers must be reasonably
satisfactory to the Company.

 

7.             Miscellaneous.

 

(a)           Rule 144 and Rule 144A.  For so long as the Company is
subject to the reporting requirements of Section 13 or 15 of the Exchange
Act and any Registrable Notes remain outstanding, the Company will file the
reports required to be filed by it under the Securities Act and Section 13(a) or
15(d) of the Exchange Act and the rules and regulations adopted by
the SEC thereunder; provided, however,
that if the Company ceases to be so required to file such reports, it will,
upon the request of any Holder of Registrable Notes, (a) make publicly
available such information as is necessary to permit sales of its securities
pursuant to Rule 144 under the Securities Act, (b) deliver such
information to a prospective purchaser as is necessary to permit sales of its
securities pursuant to Rule 144A under the Securities Act, and (c) take
such further action that is reasonable in the circumstances, in each case, to
the extent required from time to time to enable such Holder to sell its
Registrable Notes without registration under the Securities Act within the
limitation of the exemptions provided by (i) Rule 144 under the
Securities Act, as such rule may be amended from time to time, (ii) Rule 144A
under the Securities Act, as such rule may be amended from time to time,
or (iii) any similar rules or regulations hereafter adopted by the
SEC.  Upon the request of any Holder of
Registrable Notes, the Company will deliver to such Holder a written statement
as to whether it has complied with such requirements.

 

(b)           No Inconsistent Agreements.  The Company has not entered into,
nor will the Company on or after the date of this Agreement enter into, any
agreement which is inconsistent with the rights granted to the Holders of
Registrable Notes in this Agreement or otherwise conflicts with the provisions
hereof without the written consent of Holders of a majority in aggregate
principal amount of the outstanding Registrable Notes.  The rights granted to the Holders hereunder
do not in any way conflict with and are not inconsistent with the rights
granted to the holders of the Company’s other issued and outstanding securities
under any such agreements.

 

(c)           Amendments and Waivers.  The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the Company has obtained the written consent of
Holders of a majority in aggregate principal amount of the outstanding
Registrable Notes affected by such amendment, modification, supplement, waiver
or departure; provided that no amendment,
modification or supplement or waiver or consent to the departure with respect
to the provisions of Section 4 hereof shall be effective as against any
Holder of Registrable Notes unless consented to in writing by such Holder of
Registrable Notes.  Notwithstanding the
foregoing sentence, (i) this Agreement may be amended, without the consent
of any Holder of Registrable Notes, by written agreement signed by the Company
and the Initial Purchasers, to cure any ambiguity, correct or supplement any
provision of this 

 

22

 

Agreement that may
be inconsistent with any other provision of this Agreement or to make any other
provisions with respect to matters or questions arising under this Agreement
which shall not be inconsistent with other provisions of this Agreement, (ii) this
Agreement may be amended, modified or supplemented, and waivers and consents to
departures from the provisions hereof may be given, by written agreement signed
by the Company and the Initial Purchasers to the extent that any such
amendment, modification, supplement, waiver or consent is, in their reasonable
judgment, necessary or appropriate to comply with applicable law and regulation
(including any interpretation of the staff of the SEC) or any change therein
and (iii) to the extent any provision of this Agreement relates to an
Initial Purchaser, such provision may be amended, modified or supplemented, and
waivers or consents to departures from such provisions may be given, by written
agreement signed by such Initial Purchaser and the Company.

 

(d)           Notices.  All notices and other
communications provided for or permitted hereunder shall be made in writing by
hand-delivery, registered first-class mail, telex, telecopier, or any courier
guaranteeing overnight delivery (i) if to a Holder, at the most current
address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 7(d), which address
initially is, with respect to the Initial Purchasers:

 

Lehman Brothers
Inc.

745 Seventh Avenue

New York, New York 
10019

Attention: Debt Capital
Markets, Global Power with a copy to its General 

Counsel at the same address

 

UBS Securities LLC

677 Washington Boulevard

Stamford, Connecticut  06901

Attention: Fixed Income
Syndicate

 

Wachovia Capital Markets, LLC

One Wachovia Center

301 South College Street, TW-7

Charlotte, North
Carolina  28288

Attention: High Grade
Syndicate

 

and (ii) if to the
Company, initially at the Company c/o Ameren Corporation:

 

P.O. Box 66149

St. Louis, Missouri
63166-6149

Attention: Treasurer

 

and thereafter at such
other address, notice of which is given in accordance with the provisions of
this Section 7(d).

 

All such notices and communications shall be deemed to
have been duly given at the time delivered by hand, if personally delivered;
five Business Days after being deposited in the mail, postage prepaid, if
mailed; when answered back, if telexed; when receipt is 

 

23

 

acknowledged, if
telecopied; and on the next Business Day, if timely delivered to an air courier
guaranteeing overnight delivery.

 

Copies of all such notices, demands, or other
communications shall be concurrently delivered by the Person giving the same to
the Trustee, at the address specified in the Indenture.

 

(e)           Successors and Assigns.  This Agreement shall inure to the
benefit of and be binding upon the successors, assigns and transferees of the
Initial Purchasers, including, without limitation and without the need for an
express assignment, subsequent Holders; provided, however,
that nothing herein shall be deemed to permit any assignment, transfer or other
disposition of Registrable Notes in violation of the terms of the Purchase
Agreement or the Indenture.  If any
transferee of any Holder shall acquire Registrable Notes in any manner, whether
by operation of law or otherwise, such Registrable Notes shall be held subject
to all of the terms of this Agreement, and by taking and holding such Registrable
Notes, such Person shall be conclusively deemed to have agreed to be bound by
and to perform all of the terms and provisions of this Agreement and such
Person shall be entitled to receive the benefits hereof.

 

(f)            Third Party Beneficiaries.  Each Holder and any Participating
Broker-Dealer shall be third party beneficiaries of the agreements made
hereunder among the Initial Purchasers and the Company, and the Initial
Purchasers shall have the right to enforce such agreements directly to the
extent it deems such enforcement necessary or advisable to protect its rights
or the rights of Holders hereunder.

 

(g)           Counterparts.  This Agreement may be executed in
any number of counterparts and by the parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement.

 

(h)           Headings.  The headings in this Agreement are
for convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

 

(i)            GOVERNING LAW.  THIS AGREEMENT SHALL BE DEEMED TO
HAVE BEEN MADE IN THE STATE OF NEW YORK. 
THE VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND
CONDITIONS SET FORTH HEREIN, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.

 

(j)            Severability.  In the event that any one or more
of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal or unenforceable, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired
thereby.

 

(k)           Notes Held by the Company or its
Affiliates.  Whenever the
consent or approval of Holders of a specified percentage of Registrable Notes
is required hereunder, Registrable Notes held by the Company or its Affiliates
shall not be counted in determining whether such consent or approval was given
by the Holders of such required percentage.

 

24

 

(l)            Entire Agreement.  This Agreement embodies the entire
agreement and understanding between the Company and each Initial Purchaser
relating to the subject matter hereof and supersedes all prior agreements and
understandings, both written and oral, among the parties hereto with respect to
this subject matter.

 

[continued on next page]

 

25

 

IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first written above.

 

	
   

  	
  AMEREN ENERGY GENERATING COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jerre E.
  Birdsong

  
	
   

  	
   

  	
  Name: Jerre E.
  Birdsong

  
	
   

  	
   

  	
  Title: Vice
  President and Treasurer

  

 

 

Confirmed and
accepted as of

the date first above written:

 

LEHMAN BROTHERS INC.

UBS SECURITIES LLC

WACHOVIA CAPITAL MARKETS, LLC

 

	
  By:

  	
  LEHMAN BROTHERS INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Gregory J.
  Hall

  	
   

  
	
   

  	
  Name: Gregory J.
  Hall

  	
   

  
	
   

  	
  Title: Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  UBS SECURITIES LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Christopher
  Forshner

  	
   

  
	
   

  	
  Name:
  Christopher Forshner

  	
   

  
	
   

  	
  Title: Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Ryan Donovan

  	
   

  
	
   

  	
  Name: Ryan
  Donovan

  	
   

  
	
   

  	
  Title: Executive
  Director

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  WACHOVIA CAPITAL MARKETS, LLC

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Jake
  Horstman

  	
   

  
	
   

  	
  Name: Jake
  Horstman

  	
   

  
	
   

  	
  Title: Director

  	
   

  

 

Signature Page to Genco
Registration Rights Agreement

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