Document:

exhibit_4-3d.htm

    
      

    

     

    Exhibit
4.3.d

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    GUARANTEE

    

    

    This
GUARANTEE of AGL
Resources Inc., a Georgia corporation (the “Guarantor”), is dated as of March
31, 2001.

    

    The
Guarantor, for value received, hereby unconditionally guarantees to each Holder
of a 7 1/8 percent Senior Note (the “Note”) of AGL Capital Corporation, a Nevada
corporation (the “Company”), authenticated and delivered by the Trustee pursuant
to the terms of an Indenture by and among the Company, the Trustee and the
Guarantor dated as of February 20, 2001 (the “Indenture”), and to the Trustee on
behalf of each such Holder, the due and punctual payment of the principal of
(and premium, if any) and interest, on each such Note, each as provided for
pursuant to the terms of such Note when and as the same shall become due and
payable, in accordance with the terms of such Note and of the Indenture under
which it was issued. In case of the failure of the Company to make any such
payment of principal (or premium, if any) or interest, the Guarantor hereby
agrees to cause any such payment to be made when and as the same shall become
due and payable by acceleration or otherwise, as if such payment were made by
the Company.

    

    The
Guarantor hereby agrees that its obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of such Note, the
absence of any action to enforce the same, any waiver or consent by the Holder
of such Note or by the Trustee with respect to any provisions thereof or of the
Indenture, the obtaining of any judgment against the Company or any action to
enforce the same or any other circumstances which might otherwise constitute a
legal or equitable discharge or defense of a guarantor. The Guarantor hereby
waives the benefits of division and discussion, diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the
Company, protest or notice with respect to such Note or the indebtedness
evidenced thereby and all demands whatsoever, and covenants that this Guarantee
will not be discharged except by complete performance of the obligations
contained in the Note and in the Guarantees. The Guarantees are guarantees of
payment and not of collection. If the Trustee or the Holder of any Note is
required by any court or otherwise to return to the Company or the Guarantor, or
any custodian, receiver, liquidator, trustee, sequestrator or other similar
official acting in relation to the Company or the Guarantor, any amount paid to
the Trustee or such Holder in respect of a Note, this Guarantee, to the extent
theretofore discharged, shall be reinstated in full force and
effect.

    

    The
Guarantor shall be subrogated to all rights of the Holders of a Note in respect
of any amounts paid by the Guarantor on account of such Note pursuant to the
provisions of this Guarantee or the Indenture; provided, however, that the
Guarantor shall not be entitled to enforce or to receive any payments arising
out of, or based upon, such right of subrogation until the principal of (and
premium, if any) and interest, on the Note shall have been paid in
full.

    

    Capitalized
terms used herein have the same meanings given in the Indenture unless otherwise
indicated. This Guarantee shall be governed by and construed in accordance with
the law of the State of New York.

    

    This
Guarantee is executed as of the day and year first above written.

    

    AGL
RESOURCES INC.

    

    

    

    By: /s/ Donald P.
Weinstein

    Name:   Donald
P. Weinstein

    Title:   
 Senior Vice President and Chief Financial Officerexhibit_4-3e.htm

    
      

    

     

    Exhibit
4.3.e

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    GUARANTEE

    

    

    This
GUARANTEE of AGL
Resources Inc., a Georgia corporation (the “Guarantor”), is dated as of July 2,
2003.

    

    The
Guarantor, for value received, hereby unconditionally guarantees to each Holder
of a 4.45 percent Senior Note (the “Note”) of AGL Capital Corporation, a Nevada
corporation (the “Company”), authenticated and delivered by the Trustee pursuant
to the terms of an Indenture by and among the Company, the Trustee and the
Guarantor dated as of February 20, 2001 (the “Indenture”), and to the Trustee on
behalf of each such Holder, the due and punctual payment of the principal of
(and premium, if any) and interest, on each such Note, each as provided for
pursuant to the terms of such Note when and as the same shall become due and
payable, in accordance with the terms of such Note and of the Indenture under
which it was issued. In case of the failure of the Company to make any such
payment of principal (or premium, if any) or interest, the Guarantor hereby
agrees to cause any such payment to be made when and as the same shall become
due and payable by acceleration or otherwise, as if such payment were made by
the Company.

    

    The
Guarantor hereby agrees that its obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of such Note, the
absence of any action to enforce the same, any waiver or consent by the Holder
of such Note or by the Trustee with respect to any provisions thereof or of the
Indenture, the obtaining of any judgment against the Company or any action to
enforce the same or any other circumstances which might otherwise constitute a
legal or equitable discharge or defense of a guarantor. The Guarantor hereby
waives the benefits of division and discussion, diligence, presentment, demand
of payment, filing of claims with a court in the event of insolvency or
bankruptcy of the Company, any right to require a proceeding first against the
Company, protest or notice with respect to such Note or the indebtedness
evidenced thereby and all demands whatsoever, and covenants that this Guarantee
will not be discharged except by complete performance of the obligations
contained in the Note and in the Guarantees. The Guarantees are guarantees of
payment and not of collection. If the Trustee or the Holder of any Note is
required by any court or otherwise to return to the Company or the Guarantor, or
any custodian, receiver, liquidator, trustee, sequestrator or other similar
official acting in relation to the Company or the Guarantor, any amount paid to
the Trustee or such Holder in respect of a Note, this Guarantee, to the extent
theretofore discharged, shall be reinstated in full force and
effect.

    

    The
Guarantor shall be subrogated to all rights of the Holders of a Note in respect
of any amounts paid by the Guarantor on account of such Note pursuant to the
provisions of this Guarantee or the Indenture; provided, however, that the
Guarantor shall not be entitled to enforce or to receive any payments arising
out of, or based upon, such right of subrogation until the principal of (and
premium, if any) and interest, on the Note shall have been paid in
full.

    

    Capitalized
terms used herein have the same meanings given in the Indenture unless otherwise
indicated. This Guarantee shall be governed by and construed in accordance with
the law of the State of New York.

    

    This
Guarantee is executed as of the day and year first above written.

    

    AGL
RESOURCES INC.

    

    

    

    By:_/s/ Richard
O’Brien

    Name:   Richard
O’Brien

    Title:    
Executive Vice President and Chief Financial Officerexhibit_10-1ax.htm

    
      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
10.1.ax

    

    

    

    

    Annual
Incentive Arrangement for Douglas N. Schantz

    

    

    During
2006, at the direction of the Compensation and Management Development Committee
of the Board of Directors (the “C&MD Committee”) of AGL Resources Inc. (the
“Company”), management adopted an annual incentive arrangement (the “Schantz
Annual Incentive”) for the benefit of Douglas N. Schantz, President, Sequent
Energy Management, LP (“Sequent”). Generally, the Schantz Annual Incentive is
based upon Company EPS, his individual performance in leading the Sequent
business, and the annual incentive compensation payable to Mr. Schantz’s direct
reports, who are paid under the Sequent annual incentive
plan.  Sequent's performance is measured by its earnings before
interest and taxes (EBIT) against expectations set earlier in the year. For the
plan year, actual payout is based on the total Sequent bonus pool which is a
percentage of Sequent’s EBIT for the subject performance year. Although Mr.
Schantz does not participate in the Sequent annual incentive plan, this pool is
used to pay all participants in the Sequent plan as well as Mr.
Schantz.  Pursuant to the terms of the Schantz Annual Incentive,
unless the Compensation and Management Development Committee determines
otherwise, in their sole discretion if the Company’s earnings per share (“EPS”)
threshold, set forth in the Company’s Annual Incentive Plan (previously filed
with the Commission as Exhibit 10.1 of the AGL Resources Inc. Form 8-K Amendment
No. 1 filed on February 24, 2006) is not achieved, then no payment will be
made.

    

    Mr.
Schantz’s Annual Incentive provides for mandatory deferral of 50% of any amount
earned by a participant for a plan year, which exceeds his annual base salary
for that year. The deferred amount is payable in approximately equal
installments on each of the first two anniversaries of the deferral date. If Mr.
Schantz should terminate employment, for any reason, before an anniversary date,
the unpaid balances are forfeited. During the deferral period, deferred amounts
earn interest calculated at the appropriate treasury rate.

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