Document:

Exhibit 4(d)

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
is made and entered into as of November 20, 2007 by and among Illinois
Power Company, d/b/a AmerenIP, an Illinois corporation (the “Company”), and the
Initial Purchasers (as hereinafter defined).

 

This Agreement is made pursuant to the Purchase
Agreement dated November 15, 2007 (the “Purchase Agreement”), by and among
the Company, as issuer of $250,000,000 aggregate principal amount of 6.125%
Senior Secured Notes due 2017 (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
November 20, 2007, 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 6.125% Senior Secured Notes due 2017 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) 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 June 1, 2006 between the Company and the Trustee
(including the terms of the Notes to be set forth in an order of the Company
thereunder), as the same may be amended or supplemented from time to time in
accordance with the terms thereof.

 

“Initial Purchasers”
shall mean Barclays Capital Inc., BNP Paribas Securities Corp., J.P. Morgan
Securities Inc. and Lazard 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.

 

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

 

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“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(k) under
the Securities Act.

 

“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 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 

 

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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(k) Period”
shall mean the period of two years (or such shorter period as may hereafter be
referred to in Rule

144(k) under the Securities Act (or similar successor rule))
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 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

 

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 “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
amount of the Notes as are surrendered by such Holder.

 

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

 

5

 

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 210 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
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 

 

6

 

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 210th 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(k) 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, 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 

 

7

 

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 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 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, in
accordance with the terms of the Exchange Offer, on or prior to the 210th
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 210th
calendar day after the Closing Date, then, commencing on the 211th calendar day
after the Closing Date, Additional Interest shall accrue on the principal
amount of the Notes over and above the otherwise applicable interest rate at
the 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;

 

(iv)          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

 

8

 

circumstances) in any twelve-month period, Additional Interest shall
accrue on the principal amount of the 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

 

(v)           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 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 may not exceed
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 (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 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 (iv) above), and (5) 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 (v) above),
Additional Interest on the principal amount of the Notes as a result of such
clause (or the relevant subclause thereof) shall cease to accrue;

 

provided, further, however, that
if the Exchange Offer Registration Statement is not declared effective by the
SEC on or prior to the 180th calendar day after the Closing Date and the
Company shall request Holders to provide the information required by the SEC
for inclusion in the Shelf Registration Statement, the Notes owned by Holders
who do not 

 

9

 

provide such information when required pursuant to Section 2(b) of
this Agreement will not be entitled to any Additional Interest for any day
after the 180th calendar day after the Closing Date, regardless of the
existence of any events which would otherwise trigger a Additional Interest
under this subsection (e) for such Holders.

 

Any Additional Interest
due pursuant to Section 2(e)(i), (ii), (iii), (iv) or (v) above
will be payable in cash on the next succeeding May 15th or November 15th,
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:

 

(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;

 

10

 

(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 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 

 

11

 

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 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;

 

12

 

(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;

 

(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)(iv)(B) and
Section 2(e)(v)(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 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
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;

 

13

 

(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 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 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, 

 

14

 

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, 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;

 

15

 

(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 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

 

16

 

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 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.

 

17

 

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 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 

 

18

 

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
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 any of the preceding paragraphs, 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 

 

19

 

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, 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 

 

20

 

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.

 

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.

 

21

 

(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 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:

 

c/o Barclays Capital Inc.

200 Park Avenue

New York, New York 
10166

Attention: Fixed Income Syndicate Desk

 

22

 

BNP Paribas
Securities Corp.

787 Seventh Avenue

New York, New
York  10019

Attention:
Syndicate Desk

 

and

 

J.P. Morgan
Securities Inc.

270 Park Avenue

New York, New York 
10017

Attention: High Grade
Syndicate Desk – 8th Floor

 

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 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 

 

23

 

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.

 

(l)            Entire Agreement.  This Agreement embodies the entire agreement
and understanding between the Company and each of the 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]

 

24

 

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

 

 

	
   

  	
  ILLINOIS POWER COMPANY

  
	
   

  	
  D/B/A AMERENIP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   /s/ Jerre
  E. Birdsong

  
	
   

  	
   

  	
  Name: Jerre E.
  Birdsong

  
	
   

  	
   

  	
  Title: Vice
  President and Treasurer

  

 

 

	
  Confirmed and
  accepted as of

  	
   

  	
   

  
	
  the date first
  above written:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  BARCLAYS CAPITAL INC.

  	
   

  	
   

  
	
  BNP PARIBAS SECURITIES CORP.

  	
   

  	
   

  
	
  J.P. MORGAN SECURITIES INC.

  	
   

  	
   

  
	
  LAZARD CAPITAL MARKETS LLC

  	
   

  	
   

  

 

	
  By:

  	
   

  	
  BARCLAYS CAPITAL INC.

  	
   

  
	
   

  	
   

  	
  For itself and
  as representative of the

  	
   

  
	
   

  	
   

  	
  several Initial
  Purchasers

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Pamela Kendall

  	
   

  
	
   

  	
   

  	
  Name: Pamela Kendall

  	
   

  
	
   

  	
   

  	
  Title: Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  BNP PARIBAS SECURITIES CORP.

  	
   

  
	
   

  	
   

  	
  For itself and
  as representative of the

  	
   

  
	
   

  	
   

  	
  several Initial
  Purchasers

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Paul Lange

  	
   

  
	
   

  	
   

  	
  Name: Paul Lange

  	
   

  
	
   

  	
   

  	
  Title: Managing
  Director

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  J.P. MORGAN SECURITIES INC.

  	
   

  
	
   

  	
   

  	
  For itself and
  as representative of the

  	
   

  
	
   

  	
   

  	
  several Initial
  Purchasers

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  /s/ Robert
  Bottamedi

  	
   

  
	
   

  	
   

  	
  Name: Robert
  Bottamedi

  	
   

  
	
   

  	
   

  	
  Title: Vice
  Presidentex_10-1.htm

    Exhibit
10.1

     

    
 

    

    CERTIFICATE
OF AMENDMENT

    OF

    ESSEX
PROPERTY TRUST, INC.

    2004
Non-Employee Director Option Program

    

    February
26, 2008

    

    The undersigned, Michael T. Dance,
hereby certifies that:

    

    1. He is the
duly elected and acting Executive Vice President, Chief Financial Officer and
Assistant Secretary of Essex Property Trust, Inc., a Maryland corporation (the
“Company”).

    

    2. Effective
February 26, 2008, Section 3.01 of the Company’s 2004 Non-Employee Director
Option Program is amended in its entirety to read as follows:

    

    “3.01                      Date
of Grant and Number of Shares

    

    A
Non-Qualified Stock Option to purchase 4,000 shares of Common Stock shall be
granted (the “Initial Grant”) to each Non-Employee Director, such Initial Grant
to be made to Non-Employee Directors elected or appointed to the Board after the
adoption of the Plan upon the date each such Non-Employee Director first becomes
a Non-Employee Director.  In addition, immediately following each
annual meeting of the Company’s stockholders commencing with the annual meeting
of the Company’s stockholders in 2004, each Non-Employee Director who continues
as a Non-Employee Director following such annual meeting shall be granted a
Non-Qualified Stock Option to purchase 2,500 shares of Common Stock (a
“Subsequent Grant”); provided that no Subsequent Grant shall be made to any
Non-Employee Director who has not served as a director of the Company, as of the
time of such annual meeting, for at least eleven (11) months, and provided
further that, with respect to any Non-Employee Director who under the Company’s
2007 Outperformance Plan Award Agreement (the “2007 OPP Agreement”) was granted
Award LTIP Units (as defined in the 2007 OPP Agreement), such Non-Employee
Director shall not receive Subsequent Grants during the period commencing on the
initial grant of the Award LTIP Units and ending on the end of the calendar year
in which the Award LTIP Units vest.  Each such Subsequent Grant shall
be made on the date of the annual stockholders’ meeting in
question.”

    

    [Remainder
of Page Intentionally Left Blank]

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
WITNESS HEREOF, the undersigned has set his hand hereunto as of the date first
written above.

    

    

    

        

                                    /S/ Michael T. Dance
                                Name:  Michael
T. Dance

    Title:  Executive
Vice President, Chief Financial Officer and Assistant Secretary

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