Document:

exv10wa

 

EXHIBIT 10.A

EXECUTIVE OFFICER PAY CONTINUATION POLICY

I.          INTENT

To provide for salary and benefit continuation for Executive Officers of Viad upon their involuntary, not for cause
termination.

II.        POLICY

1.   Executive Officers released for reasons other than cause will be provided salary and benefit continuation based on
their length of service:

	 	(a)	 	An Executive Officer with less than seven years of service will receive six months of pay.	 

	 	(b)	 	An Executive Officer with seven or more years of service will receive one month of pay for each
year of service, to a maximum of 12 months.	 

	2.	 	Continuation pay will be issued to the Executive Officer in the same payroll manner as active employees.

	3.	 	Continuation benefits will include medical, dental, vision, life and voluntary accidental death & dismemberment
benefits that were in effect upon termination.  The Executive Officer will be responsible for payment of the
employee contribution for each of these benefits.

	4.	 	The Executive Officer will continue to accrue pension credits, as applicable, and may make 401(k) contributions
during the period of pay continuation. Viad will continue to contribute to the Executive Officer’s 401(k) and
supplemental 401(k), if applicable, account(s) during the period of pay continuation.

	5.	 	Company-provided out placement services will be available to the individual for assistance in making a smooth
transition to a new company or career pursuit during the period of pay continuation.  If the officer secures
employment prior to the termination of the pay continuation period, the out placement service benefit will cease
on the last day of the month in which he or she commences new employment.

	6.	 	All benefits will cease and the remainder of any salary continuation payments will be paid (in a lump sum, at the
discretion of Viad) if the Executive Officer secures employment prior to the termination of the pay continuation
period.  All continuation benefits will cease on the last day of the month in which the Executive Officer
commences new employment.

	7.	 	Upward or downward adjustments to payments or benefits under this policy may be made only upon the recommendation
of the President & Chief Executive Officer of Viad and approval by the Human Resources Committee of Viad.

	8.	 	The terms of any written agreement approved by the Board of Directors of Viad shall supersede the terms of this
policy to the extent of any conflicting, contrary or additional terms contained in such written agreement.

III.        RELEASE

All payments and other benefits to be provided under this policy will be subject to execution and delivery by the
Executive Officer of a General Release containing a release of all claims against Viad, a covenant not to sue, a
non-competition covenant and a non-disparagement agreement, in form and substance satisfactory to Viad.exv10wb

 

EXHIBIT 10.B

First Amendment to

Amended and Restated Employment Agreement

This First Amendment to the Amended and Restated Employment Agreement (this “First Amendment”) by and between Viad
Corp, a Delaware corporation (the “Company”), and Robert H. Bohannon (the “Executive”) is effective on February 7,
2007, and amends the Amended and Restated Employment Agreement, dated as of April 1, 2006 (“Employment Agreement”).

WHEREAS, the parties hereto wish to amend the Employment Agreement with respect to certain payments to be made
upon termination of employment;

NOW, THEREFORE, in consideration of the mutual execution hereof and other good and valuable consideration, the
parties hereto agree as follows:

	 	1.	 	Section 5(b)(i) of the Employment Agreement shall be amended by deleting it in its entirety and
replacing it with the following:

	 	 	 	"(i) Severance pay in an amount equal to the amount of base salary Executive would
have been paid for the period beginning on the date of Early Termination and ending on the last
day of the Employment Period, plus accrued MIP prorated to date of Early Termination.”

	 	2.	 	Section 5(c) of the Employment Agreement shall be amended by deleting Subsections 5(c)(i) and
(ii) in their entirety, and renumbering the remaining clauses within 5(c) accordingly.

Except as expressly modified by this First Amendment, the Employment Agreement shall be and remain in full force
and effect in accordance with its terms and shall constitute the legal, valid and binding obligations of the parties.
This First Amendment and the Employment Agreement are the complete agreement of the parties and supersede all other
prior agreements and oral and written representations concerning its subject matter.

IN WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and, pursuant to the authorization of its
Board of Directors, the Company has caused this Agreement to be executed in its name and on its behalf, all as of the
day and year first above written.

/s/ Robert H. Bohannon                               

Robert H. Bohannon

VIAD CORP

By /s/ Scott E. Sayre                                     

Scott E. Sayre

Vice President & General CounselExhibit 10.1 Credit Agreement, dated 02/09/2007

    
       

        Exhibit
          10.1

        
          

        

      

CREDIT
      AGREEMENT

     

    DATED
      AS OF FEBRUARY 9, 2007

     

     

    among

     

     

    CENTRAL
      ILLINOIS PUBLIC SERVICE COMPANY

    CENTRAL
      ILLINOIS LIGHT COMPANY

    ILLINOIS
      POWER COMPANY

    AMERENENERGY
      RESOURCES GENERATING COMPANY

    CILCORP
      INC.,

    as
      Borrowers

     

    THE
      LENDERS FROM TIME TO TIME PARTIES HERETO

     

    and

     

    JPMORGAN
      CHASE BANK, N.A.,

    as
      Agent

     

     

    BARCLAYS
      BANK PLC

    as
      Syndication Agent

     

    BNP
      PARIBAS,

    LEHMAN
      BROTHERS BANK, FSB,

    and

    THE
      BANK OF NEW YORK

    as
      Documentation Agents

     

    _____________________________________________________

     

    

     

    J.
      P. MORGAN SECURITIES INC.,

    AS SOLE
      LEAD ARRANGER AND SOLE BOOKRUNNER

     

    
      

    

    
Illinois
      Commerce Commission Identification Numbers:

    Central
      Illinois Public Service Company:    Ill.
      C.
      C. No. [ ]

    Central
      Illinois Light Company:       Ill.
      C.
      C. No. [ ]

    Illinois
      Power Company:          Ill.
      C.
      C. No. [ ]

    

    
      
        
        

      

      
        
        

        
          

        

      

       

      
        
        

      

    

    
      	
              ARTICLE
                I

            	
              DEFINITIONS...........................................................................................................................................................................................................................................

            	
               
                1

            
	 	 	 
	
              1.1.

            	
              Certain
                Defined
                Terms.................................................................................................................................................................................................................................
                

            	
               
                1 

            
	
              1.2.

            	
              Plural
                Forms...................................................................................................................................................................................................................................................

            	
              21

            
	 	 	 
	
              ARTICLE
                II

            	
              THE
                CREDITS...........................................................................................................................................................................................................................................

            	
              21

            
	 	 	
               

            
	
              2.1.

            	
              Commitment...................................................................................................................................................................................................................................................

            	
              21

            
	
              2.2.

            	
              Required
                Payments;
                Termination...............................................................................................................................................................................................................

            	
              21

            
	
              2.3.

            	
              Loans..............................................................................................................................................................................................................................................................

            	
              22

            
	
              2.4.

            	
              [omitted].........................................................................................................................................................................................................................................................

            	
              22

            
	
              2.5.

            	
              Swingline
                Loans............................................................................................................................................................................................................................................

            	
              22

            
	
              2.6.

            	
              Letters
                of
                Credit............................................................................................................................................................................................................................................

            	
              23

            
	
              2.7.

            	
              Types
                of
                Advances......................................................................................................................................................................................................................................

            	
              28

            
	
              2.8.

            	
              Facility
                Fee; Letter of Credit Fees; Reductions in Aggregate
                Commitment

              and
                Borrower
                Sublimits................................................................................................................................................................................................................................

            	
              28

            
	
              2.9.

            	
              Minimum
                Amount of Each
                Advance.........................................................................................................................................................................................................

            	
              30

            
	
              2.10.

            	
              Optional
                Principal
                Payments.......................................................................................................................................................................................................................

            	
              30

            
	
              2.11.

            	
              Method
                of Selecting Types and Interest Periods for New Revolving
                Advances..............................................................................................................................

            	
              30

            
	
              2.12.

            	
              Conversion
                and Continuation of Outstanding Revolving Advances;

              No
                Conversion or Continuation of Revolving Eurodollar Advances
                After

              Default............................................................................................................................................................................................................................................................

            	
               

              31

            
	
              2.13.

            	
              Interest
                Rates,
                etc.........................................................................................................................................................................................................................................

            	
              31

            
	
              2.14.

            	
              Rates
                Applicable After
                Default..................................................................................................................................................................................................................

            	
              32

            
	
              2.15.

            	
              Funding
                of Loans; Method of
                Payment...................................................................................................................................................................................................

            	
              32

            
	
              2.16.

            	
              Noteless
                Agreement; Evidence of
                Indebtedness....................................................................................................................................................................................

            	
              32

            
	
              2.17.

            	
              Telephonic
                Notices......................................................................................................................................................................................................................................

            	
              33

            
	
              2.18.

            	
              Interest
                Payment Dates; Interest and Fee
                Basis......................................................................................................................................................................................

            	
              33

            
	
              2.19.

            	
              Notification
                of Advances, Interest Rates, Prepayments and Commitment 

              Reductions;
                Availability of 
                Loans............................................................................................................................................................................................................

            	
               

              34

            
	
              2.20.

            	
              Lending
                Installations...................................................................................................................................................................................................................................

            	
              34

            
	
              2.21.

            	
              Non
                Receipt of Funds by the
                Agent.........................................................................................................................................................................................................

            	
              34

            
	
              2.22.

            	
              Replacement
                of
                Lender........................................................................................................................................................................

            	
              34

            
	 	 	 
	
              ARTICLE
                III

            	
              YIELD
                PROTECTION;
                TAXES...............................................................................................................................................................................................................

            	
              35

            
	 	 	 
	
              3.1.

            	
              Yield
                Protection.............................................................................................................................................................................................................................................

            	
              35

            
	
              3.2.

            	
              Changes
                in Capital Adequacy
                Regulations..............................................................................................................................................................................................

            	
              36

            
	
              3.3.

            	
              Availability
                of Types of
                Advances...........................................................................................................................................................................................................

            	
              36

            
	
              3.4.

            	
              Funding
                Indemnification.............................................................................................................................................................................................................................

            	
              37

            
	
              3.5.

            	
              Taxes...............................................................................................................................................................................................................................................................

            	
              37

            
	
              3.6.

            	
              Lender
                Statements; Survival of
                Indemnity...............................................................................................................................................................................................

            	
              39

            
	
              3.7.

            	
              Alternative
                Lending
                Installation................................................................................................................................................................................................................

            	
              39

            
	
              3.8.

            	
              Allocation
                of Amounts Payable Among
                Borrowers...............................................................................................................................................................................

            	
              39

            
	 	 	 
	 ARTICLE
              IV	   CONDITIONS
              PRECEDENT...................................................................................................................................................................................................................	40
	 	 	 
	
              4.1.

            	Closing
              Date..................................................................................................................................................................................................................................................	40

       

      
         

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	
                4.2.

              	
                Effectivness
                  of Lender Obligations as to Resources
                  and CILCORP........................................................................................................................................................

              	
                40

              
	
                4.3.

              	Accession
                Dates..............................................................................................................................................................................................................................................	42
	
                4.4.    

              	Each
                Credit
                Extension......................................................................................................................................................................................................................................	45
	       
                4.5.	Increases
                of CILCO Credit Agreement
                Bonds.............................................................................................................................................................................................	46
	       
                4.6.	Increases
                of CIPS Credit Agreement
                Bonds................................................................................................................................................................................................	47
	 	 	 
	
                ARTICLE
                  V

              	
                REPRESENTATIONS
                  AND
                  WARRANTIES...........................................................................................................................................................................................

              	
                49

              
	 	 	 
	
                5.1.

              	
                Existence
                  and
                  Standing...................................................................................................................................................................................................................................

              	
                49

              
	
                5.2.

              	
                Authorization
                  and
                  Validity.............................................................................................................................................................................................................................

              	
                49

              
	
                5.3.

              	
                No
                  Conflict; Government
                  Consent................................................................................................................................................................................................................

              	
                49

              
	
                5.4.

              	
                Financial
                  Statements........................................................................................................................................................................................................................................

              	
                50

              
	
                5.5.

              	
                Material
                  Adverse
                  Change...............................................................................................................................................................................................................................

              	
                50

              
	
                5.6.

              	
                Taxes..................................................................................................................................................................................................

              	
                50

              
	
                5.7.

              	
                Litigation
                  and Contingent
                  Obligations.........................................................................................................................................................................................................

              	
                51

              
	
                5.8.

              	
                Subsidiaries.......................................................................................................................................................................................................................................................

              	
                51

              
	
                5.9.

              	
                ERISA.................................................................................................................................................................................................................................................................

              	
                51

              
	
                5.10.

              	
                Accuracy
                  of
                  Information.................................................................................................................................................................................................................................

              	
                51

              
	
                5.11.

              	
                Regulation
                  U.....................................................................................................................................................................................................................................................

              	
                51

              
	
                5.12.

              	
                Material
                  Agreements.......................................................................................................................................................................................................................................

              	
                52

              
	
                5.13.

              	
                Compliance
                  With
                  Laws....................................................................................................................................................................................................................................

              	
                52

              
	
                5.14.

              	
                Ownership
                  of
                  Properties..................................................................................................................................................................................................................................

              	
                52

              
	
                5.15.

              	
                Plan
                  Assets; Prohibited
                  Transactions..........................................................................................................................................................................................................

              	
                52

              
	
                5.16.

              	
                Environmental
                  Matters....................................................................................................................................................................................................................................

              	
                52

              
	
                5.17.

              	
                Investment
                  Company
                  Act...............................................................................................................................................................................................................................

              	
                53

              
	
                5.18.

              	
                Regulatory
                  Matters..........................................................................................................................................................................................................................................

              	
                53

              
	
                5.19.

              	
                Insurance...........................................................................................................................................................................................................................................................

              	
                53

              
	
                5.20.

              	
                No
                  Default or Unmatured
                  Default..................................................................................................................................................................................................................

              	
                53

              
	
                5.21

              	Collateral
                Matters.............................................................................................................................................................................................................................................	53
	 	 	 
	
                ARTICLE
                  VI

              	
                COVENANTS................................................................................................................................................................................................................................................

              	
                60

              
	 	 	 
	
                6.1.

              	
                Financial
                  Reporting..........................................................................................................................................................................................................................................

              	
                60

              
	
                6.2.

              	
                Use
                  of Proceeds and Letters of
                  Credit..........................................................................................................................................................................................................

              	
                61

              
	
                6.3.

              	
                Notice
                  of
                  Default..............................................................................................................................................................................................................................................

              	
                61

              
	
                6.4.

              	
                Conduct
                  of
                  Business.......................................................................................................................................................................................................................................

              	
                62

              
	
                6.5.

              	
                Taxes..................................................................................................................................................................................................................................................................

              	
                62

              
	
                6.6.

              	
                Insurance...........................................................................................................................................................................................................................................................

              	
                62

              
	
                6.7.

              	
                Compliance
                  with Laws; Federal Energy Regulatory Commission and 

                Illinois
                  Commerce Commission
                  Authorization.............................................................................................................................................................................................

              	
                62

              
	
                6.8.

              	
                Maintenance
                  of
                  Properties..............................................................................................................................................................................................................................

              	
                62

              
	
                6.9.

              	
                Inspection;
                  Keeping of Books and
                  Records................................................................................................................................................................................................

              	
                62

              
	
                6.10.

              	
                Merger................................................................................................................................................................................................

              	
                63

              
	
                6.11.

              	
                Dispositions
                  of
                  Assets....................................................................................................................................................................................................................................

              	
                63

              
	
                6.12.

              	
                Indebtedness
                  of Project Finance Subsidiaries, Investments in Project 

                Finance
                  Subsidiaries and Other Investments;
                  Acquisitions.....................................................................................................................................................................

              	
                66

              
	
                6.13.

              	
                Liens...................................................................................................................................................................................................................................................................

              	
                66

              

      

      
        	
                6.14.

              	
                Affiliates............................................................................................................................................................................................................................................................

              	
                69

              

      

       

       

      
        
          ii

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	       
                6.15.	Financial
                Contracts........................................................................................................................................................................................................................................	69
	
                       
                  6.16.

              	Subsidiary
                Covenants...................................................................................................................................................................................................................................	69
	
                6.17.

              	
                Leverage
                  Ratio................................................................................................................................................................................................................................................

              	
                70

              
	
                6.18

              	Further
                Assurances........................................................................................................................................................................................................................................	
                70

              
	
                6.19

              	Other
                Indebtedness under Collateral
                Documents.....................................................................................................................................................................................	
                71

              
	
                6.20

              	Amendments
                of Collateral
                Documents........................................................................................................................................................................................................	72 
	
                6.21

              	Restricted
                Payments.......................................................................................................................................................................................................................................	73 
	
                6.22

              	CILCO
                Preferred
                Stock...................................................................................................................................................................................................................................	74 
	 	 	 
	
                ARTICLE
                  VII

              	
                DEFAULTS.................................................................................................................................................................................................................................................

              	
                74

              
	 	 	 
	
                ARTICLE
                  VIII

              	
                ACCELERATION,
                  WAIVERS, AMENDMENTS AND
                  REMEDIES..................................................................................................................................................

              	
                78

              
	 	 	 
	
                8.1.

              	
                Acceleration....................................................................................................................................................................................................................................................

              	
                78

              
	
                8.2.

              	
                Amendments...................................................................................................................................................................................................................................................

              	
                78

              
	
                8.3.

              	
                Preservation
                  of
                  Rights...................................................................................................................................................................................................................................

              	
                79

              
	
                8.4.

              	Release
                of
                Liens..............................................................................................................................................................................................................................................	79 
	 	 	 
	
                ARTICLE
                  IX

              	
                GENERAL
                  PROVISIONS...........................................................................................................................................................................................................................

              	
                80

              
	 	 	 
	
                9.1.

              	
                Survival
                  of
                  Representations.........................................................................................................................................................................................................................

              	
                80

              
	
                9.2.

              	
                Governmental
                  Regulation.............................................................................................................................................................................................................................

              	
                80

              
	
                9.3.

              	
                Headings.........................................................................................................................................................................................................................................................

              	
                80

              
	
                9.4.

              	
                Entire
                  Agreement...........................................................................................................................................................................................................................................

              	
                80

              
	
                9.5.

              	
                Several
                  Obligations; Benefits of this
                  Agreement......................................................................................................................................................................................

              	
                80

              
	
                9.6.

              	
                Expenses;
                  Indemnification............................................................................................................................................................................................................................

              	
                81

              
	
                9.7.

              	
                Numbers
                  of
                  Documents.................................................................................................................................................................................................................................

              	
                82

              
	
                9.8.

              	
                Accounting.....................................................................................................................................................................................................................................................

              	
                82

              
	
                9.9.

              	
                Severability
                  of
                  Provisions.............................................................................................................................................................................................................................

              	
                83

              
	
                9.10.

              	
                Nonliability......................................................................................................................................................................................................................................................

              	
                83

              
	
                9.11.

              	
                Confidentiality.................................................................................................................................................................................................................................................

              	
                83

              
	
                9.12.

              	
                Lenders
                  Not Utilizing Plan
                  Assets...............................................................................................................................................................................................................

              	
                83

              
	
                9.13.

              	
                Nonreliance......................................................................................................................................................................................................................................................

              	
                84

              
	
                9.14.

              	
                Disclosure........................................................................................................................................................................................................................................................

              	
                84

              
	
                9.15.

              	
                USA
                  Patriot
                  Act..............................................................................................................................................................................................................................................

              	
                84

              
	       
                9.16.	Modifications
                to the Existing Credit Agreement	84
	 	 	 
	
                ARTICLE
                  X

              	
                THE
                  AGENT................................................................................................................................................................................................................................................

              	
                84

              
	 	 	 
	
                10.1.

              	
                Appointment;
                  Nature of
                  Relationship.........................................................................................................................................................................................................

              	
                84

              
	
                10.2.

              	
                Powers..............................................................................................................................................................................................................................................................

              	
                85

              
	
                10.3.

              	
                General
                  Immunity............................................................................................................................................................................................................................................

              	
                85

              
	
                10.4.

              	
                No
                  Responsibility for Loans, Recitals,
                  etc..................................................................................................................................................................................................

              	
                85

              
	
                10.5.

              	
                Action
                  on Instructions of
                  Lenders..............................................................................................................................................................................................................

              	
                86

              
	
                10.6.

              	
                Employment
                  of Agents and
                  Counsel...........................................................................................................................................................................................................

              	
                86

              
	
                10.7.

              	
                Reliance
                  on Documents;
                  Counsel................................................................................................................................................................................................................

              	
                86

              
	
                10.8.

              	
                Agent’s
                  Reimbursement and
                  Indemnification............................................................................................................................................................................................

              	
                86

              
	
                10.9.

              	
                Notice
                  of
                  Default.............................................................................................................................................................................................................................................

              	
                87

              
	
                10.10.

              	
                Rights
                  as a
                  Lender..........................................................................................................................................................................................................................................

              	
                87

              

      

       

      
        iii

        
          

        

      

      
        
        

      

       

      
        	
                10.11.

              	
                Independent
                  Credit
                  Decision.......................................................................................................................................................................................................................

              	
                87

              
	
                10.12.

              	
                Successor
                  Agent...........................................................................................................................................................................................................................................

              	
                87

              
	
                10.13.

              	
                Agent
                  and Arranger
                  Fees.............................................................................................................................................................................................................................

              	
                88

              
	
                10.14.

              	
                Delegation
                  to
                  Affiliates.................................................................................................................................................................................................................................

              	
                88

              
	
                10.15.

              	
                Syndication
                  Agent and Documentation
                  Agents......................................................................................................................................................................................

              	
                88

              
	 	 	 
	
                ARTICLE
                  XI

              	
                SETOFF;
                  RATABLE
                  PAYMENTS..........................................................................................................................................................................................................

              	
                89

              
	 	 	 
	
                11.1.

              	
                Setoff................................................................................................................................................................................................................................................................

              	
                89

              
	
                11.2.

              	
                Ratable
                  Payments...........................................................................................................................................................................................................................................

              	
                89

              

      

      
        	 	 	 
	
                ARTICLE
                  XII

              	
                BENEFIT
                  OF AGREEMENT; ASSIGNMENTS;
                  PARTICIPATIONS.................................................................................................................................................

              	
                89

              
	 	 	 
	
                12.1.

              	
                Successors
                  and Assigns; Designated
                  Lenders........................................................................................................................................................................................

              	
                89

              
	
                12.2.

              	
                Participations..................................................................................................................................................................................................................................................

              	
                91

              
	
                12.3.

              	
                Assignments...................................................................................................................................................................................................................................................

              	
                92

              
	
                12.4.

              	
                Dissemination
                  of
                  Information.......................................................................................................................................................................................................................

              	
                94

              
	
                12.5.

              	
                Tax
                  Certifications...........................................................................................................................................................................................................................................

              	
                94

              
	 	 	
                 

              
	
                ARTICLE
                  XIII

              	
                NOTICES.....................................................................................................................................................................................................................................................

              	
                94

              
	 	 	 
	
                13.1.

              	
                Notices.............................................................................................................................................................................................................................................................

              	
                94

              
	
                13.2.

              	
                Change
                  of
                  Address........................................................................................................................................................................................................................................

              	
                95

              
	 	 	 
	
                ARTICLE
                  XIV

              	
                COUNTERPARTS......................................................................................................................................................................................................................................

              	
                95

              
	 	 	 
	
                ARTICLE
                  XV

              	
                CHOICE
                  OF LAW; CONSENT TO JURISDICTION; WAIVER OF

                JURY
                  TRIAL...............................................................................................................................................................................................................................................

              	
                96

              

      

       

      
 

      
        
          iv

        

        
          
          

          
            

          

        

        
          
          

        

      

    

     SCHEDULES

     

    
      	
              Commitment
                Schedule

               

            
	
              LC
                Commitment Schedule

               

            	 	 
	
              Pricing
                Schedule

               

            	 	 
	
              Schedule
                1

               

            	
              -

               

            	
              Subsidiaries

               

            
	
              Schedule
                2

               

            	
              -

               

            	
              Liens

               

            
	
              Schedule
                3

               

            	
              -

               

            	
              Restrictive
                Agreements

               

            
	
              Schedule
                4

               

            	
              -

               

            	
              Regulatory
                Authorizations

               

            
	
               

            	 	
              EXHIBITS
 
	
              Exhibit
                A.1

            	
              -

            	
              Form
                of Opinion of Counsel for Resources and CILCORP

            
	
              Exhibit
                A.2

            	
              -

            	
              Form
                of Opinion of Illinois Counsel for Resources and
                CILCORP

            
	
              Exhibit
                A.3

            	
              -

            	
              Form
                of Opinion of Illinois Counsel for Illinois Utilities -- Closing
                Date

            
	
              Exhibit
                A.4

            	
              -

            	
              Form
                of Opinion of Counsel for Illinois Utilities -- Accession
                Date

            
	
              Exhibit
                A.5

            	
              -

            	
              Form
                of Opinion of Illinois Counsel for Illinois Utilities -- Accession
                Date

            
	
              Exhibit
                B

            	
              -

            	
              Form
                of Compliance Certificate

            
	
              Exhibit
                C

            	
              -

            	
              Form
                of Assignment and Assumption Agreement

            
	
              Exhibit
                D.1

            	
              -

            	
              Form
                of Loan/Credit Related Money Transfer Instruction --
                CIPS

            
	
              Exhibit
                D.2

            	
              -

            	
              Form
                of Loan/Credit Related Money Transfer Instruction --
                CILCO

            
	
              Exhibit
                D.3

            	
              -

            	
              Form
                of Loan/Credit Related Money Transfer Instruction -- IP

            
	
              Exhibit
                D.4

            	
              -

            	
              Form
                of Loan/Credit Related Money Transfer Instruction --
                Resources

            
	
              Exhibit
                D.5

            	
              -

            	
              Form
                of Loan/Credit Related Money Transfer Instruction --
                CILCORP

            
	
              Exhibit
                E

            	
              -

            	
              Form
                of Promissory Note (if requested)

            
	
              Exhibit
                F

            	
              -

            	
              Form
                of Designation Agreement

            
	
              Exhibit
                G 

            	
              -

            	
              Subordination
                Terms

            
	
              Exhibit
                H

            	
              -

            	
              Form
                of CILCORP Pledge Agreement Supplement

            
	
              Exhibit
                I

            	
              -

            	
              [omitted]

            
	
              Exhibit
                J-1

            	
              -

            	
              Form
                of CILCO Bond Delivery Agreement

            
	
              Exhibit
                J-2

            	
              -

            	
              Form
                of CIPS Bond Delivery Agreement

            
	
              Exhibit
                J-3

            	
              -

            	
              Form
                of IP Bond Delivery Agreement

            
	
              Exhibit
                K-1

            	
              -

            	
              Form
                of CILCO Supplemental Indenture

            
	
              Exhibit
                K-2

            	
              -

            	
              Form
                of CIPS Supplemental Indenture

            
	
              Exhibit
                K-3

            	
              -

            	
              Form
                of IP Supplemental Indenture

            
	
              Exhibit
                L          

            	
              -

            	
              Form
                of Resources Collateral Agency Agreement
                Supplement

            

       

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    CREDIT
      AGREEMENT

     

    This
      Credit Agreement, dated as of February 9, 2007, is entered into by and among
      Central Illinois Public Service Company d/b/a AmerenCIPS, an Illinois
      corporation, Central Illinois Light Company d/b/a AmerenCILCO, an Illinois
      corporation, Illinois Power Company d/b/a AmerenIP, an Illinois corporation,
      AmerenEnergy Resources Generating Company, an Illinois corporation, CILCORP
      Inc., an Illinois corporation, the Lenders and JPMorgan Chase Bank, N.A., as
      Agent. The obligations of the Borrowers under this Agreement will be several
      and
      not joint, and the obligations of a Borrower will not be guaranteed by the
      Company or any other subsidiary of the Company (including, without limitation,
      any other Borrower). The parties hereto agree as follows:

     

         
      ARTICLE I  

     

    DEFINITIONS

     

    1.1.  Certain
      Defined Terms.
      As used
      in this Agreement:

     

    “Accession
      Date” means, with respect to each Illinois Utility, the date on which all the
      conditions set forth in Section 4.3 shall have been satisfied (or waived in
      accordance with Section 8.2) with respect to such Illinois Utility.

     

    “Accounting
      Changes” is defined in Section 9.8 hereof.

     

    “Acquisition”
      means any transaction, or any series of related transactions, consummated on
      or
      after the Closing Date, by which a Borrower or any of its Subsidiaries (i)
      acquires any going business or all or substantially all of the assets of any
      firm, corporation or limited liability company, or division thereof, whether
      through purchase of assets, merger or otherwise or (ii) directly or indirectly
      acquires (in one transaction or as the most recent transaction in a series
      of
      transactions) at least a majority (in number of votes) of the securities of
      a
      corporation which have ordinary voting power for the election of directors
      (other than securities having such power only by reason of the happening of
      a
      contingency) or a majority (by percentage of voting power) of the outstanding
      ownership interests of a partnership or limited liability company of any
      Person.

     

    “Administrative
      Questionnaire” means an Administrative Questionnaire in a form supplied by the
      Agent.

     

    “Advance”
      means (a) Revolving Loans (i) made by the Lenders on the same Borrowing
      Date or (ii) converted or continued by the Lenders on the same date of
      conversion or continuation, consisting, in either case, of the aggregate amount
      of the several Revolving Loans of the same Type and, in the case of Eurodollar
      Loans, for the same Interest Period, or (b) a Swingline Loan.

     

    “Affiliate”
      of any Person means any other Person directly or indirectly controlling,
      controlled by or under common control with such Person. A Person shall be deemed
      to control another Person if the controlling Person is the “beneficial owner”
(as defined in Rule 13d-3 under the Securities Exchange Act of 1934) of 10%
      or
      more of any class of voting securities (or other ownership interests) of the
      controlled Person or possesses, directly or indirectly, the power

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    to
      direct
      or cause the direction of the management or policies of the controlled Person,
      whether through ownership of voting securities, by contract or
      otherwise.

     

    “Agent”
      means JPMCB, not in its individual capacity as a Lender, but in its capacity
      as
      contractual representative of the Lenders pursuant to Article X, and any
      successor Agent appointed pursuant to Article X.

     

    “Aggregate
      Commitment” means the aggregate of the Commitments of all the Lenders, as
      reduced from time to time pursuant to the terms hereof. The initial Aggregate
      Commitment is Five Hundred Million Dollars ($500,000,000.00).

     

    “Aggregate
      Revolving Credit Exposure” means, at any time, the aggregate of the Revolving
      Credit Exposures of all the Lenders.

     

    “Agreement”
      means this Credit Agreement, as it may be amended, restated, supplemented or
      otherwise modified and as in effect from time to time.

     

    “Agreement
      Accounting Principles” means generally accepted accounting principles as in
      effect in the United States from time to time, applied in a manner consistent
      with that used in preparing the financial statements referred to in Section
      5.4
      of the Existing Credit Agreement; provided,
      however,
      that
      except as provided in Section 9.8, with respect to the calculation of the
      financial ratio set forth in Section 6.17 (and the defined terms used in such
      Section), “Agreement Accounting Principles” means generally accepted accounting
      principles as in effect in the United States as of the “Closing Date” as defined
      in the Existing Credit Agreement, applied in a manner consistent with that
      used
      in preparing the financial statements referred to in Section 5.4 of the Existing
      Credit Agreement.

     

    “Alternate
      Base Rate” means, for any day, a fluctuating rate of interest per annum equal to
      the higher of (i) the Prime Rate for such day and (ii) the sum of (a) the
      Federal Funds Effective Rate for such day and (b) one-half of one percent (0.5%)
      per annum.

     

    “Applicable
      Fee Rate” means (a) with respect to the Facility Fee applicable to any Borrower
      at any time, the percentage rate per annum which is applicable to such fee
      at
      such time with respect to such Borrower as set forth in the Pricing Schedule
      and
      (b) with respect to the LC Participation Fee applicable to any Borrower at
      any
      time, the percentage rate per annum which is applicable to such fee at such
      time
      with respect to such Borrower as set forth in the Pricing Schedule.

     

    “Applicable
      Margin” means, with respect to any Borrower, with respect to Advances of any
      Type at any time, the percentage rate per annum which is applicable at such
      time
      with respect to Advances of such Type to such Borrower, as set forth in the
      Pricing Schedule.

     

    “Approved
      Fund” means any Fund that is administered or managed by (a) a Lender, (b) an
      Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
      administers or manages a Lender.

     

    “Arranger”
      means J.P. Morgan Securities Inc. and its successors, in their respective
      capacities as Sole Lead Arranger and Sole Bookrunner.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Article”
      means an article of this Agreement unless another document is specifically
      referenced.

     

    “Assignment
      Agreement” is defined in Section 12.3.1.

     

    “Authorized
      Officer” of any Borrower means any of the chief executive officer, president,
      chief operating officer, chief financial officer, treasurer or vice president
      of
      such Borrower, acting singly. 

     

    “Availability
      Termination Date” means, as to any Borrower, the earlier of (a) the
      Maturity Date, (b) the reduction of the Borrower Sublimit of such Borrower
      to
      zero pursuant to Section 2.8 or termination of the obligation to make Loans
      to,
      or issue Letters of Credit for, such Borrower pursuant to Section 8.1 and
      (c) the date of termination in whole of the Aggregate Commitment and the
      Commitments pursuant to Section 2.8 or Section 8.1
      hereof.

     

    “Available
      Aggregate Commitment” means, at any time, the Aggregate Commitment then in
      effect minus the Aggregate Revolving Credit Exposure at such time.

     

    “Borrower
      Credit Exposure” means, with respect to any Borrower at any time, the aggregate
      amount of (i) all Revolving Loans made to such Borrower and outstanding at
      such time, (ii) that portion of the LC Exposure at such time attributable
      to Letters of Credit issued for the account of such Borrower and (iii) that
      portion of the Swingline Exposure at such time attributable to Swingline Loans
      made to such Borrower. 

     

    “Borrower
      Sublimit” means (a) as to CIPS, at any time, the lesser at such time of (i) the
      difference between $135,000,000 and the “Borrower Sublimit” of CIPS under the
      Existing Credit Agreement and (ii) the aggregate principal amount of the CIPS
      Credit Agreement Bonds, (b) as to CILCO, at any time, the lesser at such time
      of
      (i) the difference between $150,000,000 and the “Borrower Sublimit” of CILCO
      under the Existing Credit Agreement and (ii) the aggregate principal amount
      of
      the CILCO Credit Agreement Bonds, (c) as to IP, $200,000,000, (d) as to
      Resources, $100,000,000 and (e) as to CILCORP, $125,000,000 or, in the case
      of
      any Borrower, any lesser amount to which the Borrower Sublimit of such Borrower
      shall have been reduced pursuant to Section 2.8.

     

    “Borrower
      Swingline Sublimit” means (a) as to CIPS, $75,000,000, (b) as to each of CILCO,
      IP and Resources, $100,000,000, and (c) as to CILCORP, $25,000,000 or, in the
      case of any Borrower, any lesser amount to which the Borrower Sublimit of such
      Borrower shall have been reduced pursuant to Section 2.8.

     

    “Borrowers”
      means, at any time, Resources, CILCORP and each of the Illinois Utilities for
      which the Accession Date has occurred and which has issued one or more First
      Mortgage Bonds to the Agent as contemplated by Sections 4.3, 4.5 and 4.6 on
      or
      prior to such time; provided that from and after such time as the Credit
      Exposure of Resources, CILCORP or any Illinois Utility has been reduced to
      zero
      and its Borrower Sublimit has been reduced to zero pursuant to Section 2.8.3,
      such entity shall no longer be a “Borrower” for any and all purposes of this
      Agreement and shall no longer be subject to the provisions of Article VI and
      VII
      of this Agreement (except to the extent that such provisions may be applicable
      to such entity as a “Subsidiary” of a “Borrower”).

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Borrowing
      Date” means a date on which an Advance is made hereunder.

     

    “Borrowing
      Notice” is defined in Section 2.11.

     

    “Business
      Day” means (i) with respect to any borrowing, payment or rate selection of
      Eurodollar Advances, a day (other than a Saturday or Sunday) on which banks
      generally are open in New York, New York for the conduct of substantially all
      of
      their commercial lending activities, interbank wire transfers can be made on
      the
      Fedwire system and dealings in Dollars are carried on in the London interbank
      market and (ii) for all other purposes, a day (other than a Saturday or
      Sunday) on which banks generally are open in New York, New York for the conduct
      of substantially all of their commercial lending activities and interbank wire
      transfers can be made on the Fedwire system.

     

    “Capitalized
      Lease” of a Person means any lease of Property by such Person as lessee which
      would be capitalized on a balance sheet of such Person prepared in accordance
      with Agreement Accounting Principles.

     

    “Capitalized
      Lease Obligations” of a Person means the amount of the obligations of such
      Person under Capitalized Leases which would be shown as a liability on a balance
      sheet of such Person prepared in accordance with Agreement Accounting
      Principles.

     

    “Change
      in Control” means, in respect of any Borrower, (i) the acquisition by any
      Person, or two or more Persons acting in concert, of beneficial ownership
      (within the meaning of Rule 13d-3 of the Securities and Exchange Commission
      under the Securities Exchange Act of 1934) of twenty percent (20%) or more
      of
      the aggregate ordinary voting power represented by the issued and outstanding
      capital stock of the Company; (ii) the Company shall cease to own, directly
      or indirectly and free and clear of all Liens or other encumbrances (except
      for
      such Liens or other encumbrances permitted by Section 6.13), 100% of the
      outstanding shares of the ordinary voting power represented by the issued and
      outstanding common stock of such Borrower on a fully diluted basis;
      (iii) in the case of CILCORP, CILCORP shall cease to own, directly or
      indirectly and free and clear of all Liens or other encumbrances (except for
      such Liens or other encumbrances permitted by Section 6.13), 100% of the
      outstanding shares of the ordinary voting power represented by the issued and
      outstanding common stock of either Resources or CILCO on a fully diluted basis;
      or (iv) occupation of a majority of the seats (other than vacant seats) on
      the board of directors of the Company by Persons who were neither
      (i) nominated by the board of directors of the Company or a committee or
      subcommittee thereof to which such power was delegated nor (ii) appointed
      by directors so nominated; provided
      that any
      individual who is so nominated in connection with a merger, consolidation,
      acquisition or similar transaction shall be included in such majority unless
      such individual was a member of the Company’s board of directors prior
      thereto.

     

    “CILCO”
      means Central Illinois Light Company d/b/a AmerenCILCO, an Illinois corporation
      and a Subsidiary of the Company. 

     

    “CILCO
      Bond Delivery Agreement” means an agreement substantially in the form of Exhibit
      J-1, whereby (i) CILCO agrees to deliver from time to time CILCO Credit
      Agreement Bonds so that the aggregate amount of CILCO Credit Agreement Bonds
      held by the Agent 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

     

    thereunder
      satisfies the requirements of this Agreement and (ii) the Agent agrees to hold
      the CILCO Credit Agreement Bonds so delivered for the benefit of the Lenders
      and
      to distribute all payments made by CILCO on account thereof to the
      Lenders.

     

    “CILCO
      Collateral Documents” means the CILCO Bond Delivery Agreement, the CILCO
      Indenture, the CILCO Credit Agreement Bonds, the CILCO Supplemental Indenture
      and each other agreement, instrument or document executed and delivered pursuant
      to Section 6.18.1 to secure any of the Obligations of CILCO.

     

    “CILCO
      Credit Agreement Bonds” means, collectively, one or more First Mortgage Bonds
      substantially in the form set forth in the CILCO Supplemental Indenture issued
      by CILCO to the Agent pursuant to the CILCO Indenture in the aggregate principal
      amount required by Section 4.3.6(i) as it may be increased under Section
      4.5.

     

    “CILCO
      Indenture” means the Indenture of Mortgage and Deed of Trust dated as of April
      1, 1933, as supplemented by the CILCO Supplemental Indenture and as heretofore
      or from time to time hereafter supplemented and amended in compliance herewith,
      between CILCO and the CILCO Trustee.

     

    “CILCO
      Minimum Bonding Capacity” means, at all times prior to December 31, 2007,
      $25,000,000; at all times on and after December 31, 2007 but prior to December
      31, 2008, $50,000,000; at all times on and after December 31, 2008, but prior
      to
      December 31, 2009, $75,000,000; and at all times on and after December 31,
      2009,
      $150,000,000; provided that at any time prior to the Borrower Sublimit of CILCO
      equaling $150,000,000, the requirement on any date shall be the greater of
      (A)
      the excess bonding requirement under the Existing Credit Agreement and (B)
      the
      requirement set forth above multiplied by the percentage of $150,000,000
      represented by the Borrower Sublimit of CILCO at such time.

     

    “CILCO
      Supplemental Indenture” means the Supplemental Indenture substantially in the
      form of Exhibit K-1, supplementing the CILCO Indenture to provide for the
      creation and issuance of the CILCO Credit Agreement Bonds.

     

    “CILCO
      Trustee” means Deutsche Bank Trust Company Americas f/k/a Bankers Trust Company,
      as Trustee, and any other successors thereto, as trustee under the CILCO
      Indenture.

     

    “CILCORP”
      means CILCORP Inc., an Illinois corporation, the parent company of
      CILCO.

     

    “CILCORP
      Collateral Documents” means the CILCORP Pledge Agreement, the CILCORP Pledge
      Agreement Supplement and each other agreement, instrument or document executed
      and delivered pursuant to Section 6.18.5 to secure any of the Obligations of
      CILCORP.

     

    “CILCORP
      Pledge Agreement” means the Pledge Agreement dated as of October 18, 1999 (as
      supplemented by the CILCORP Pledge Agreement Supplement and as the same has
      been
      and may hereafter be supplemented by any other pledge agreement supplement
      or
      otherwise amended or modified in compliance herewith), made by CILCORP in favor
      of The Bank of New York, as collateral agent thereunder, for the benefit of
      the
      collateral agent and secured parties thereunder.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    “CILCORP
      Pledge Agreement Supplement” means the Pledge Agreement Supplement,
      substantially in the form of Exhibit H, made by CILCORP in favor of The Bank
      of
      New York, as collateral agent under the CILCORP Pledge Agreement, to secure
      the
      Obligations of CILCORP under the CILCORP Pledge Agreement.

     

    “CIPS”
      means Central Illinois Public Service Company d/b/a AmerenCIPS, an Illinois
      corporation and a Subsidiary of the Company.

     

    “CIPS
      Bond Delivery Agreement” means an agreement substantially in the form of Exhibit
      J-2, whereby (i) CIPS agrees to deliver from time to time CIPS Credit Agreement
      Bonds so that the aggregate amount of CIPS Credit Agreement Bonds held by the
      Agent thereunder satisfies the requirements of this Agreement and (ii) the
      Agent
      agrees to hold the CIPS Credit Agreement Bonds so delivered for the benefit
      of
      the Lenders and to distribute all payments made by CIPS on account thereof
      to
      the Lenders.

     

    “CIPS
      Collateral Documents” means the CIPS Bond Delivery Agreement, the CIPS
      Indenture, the CIPS Credit Agreement Bonds, the CIPS Supplemental Indenture
      and
      each other agreement, instrument or document executed and delivered pursuant
      to
      Section 6.18.2 to secure any of the Obligations of CIPS.

     

    “CIPS
      Credit Agreement Bonds” means, collectively, one or more First Mortgage Bonds
      substantially in the form set forth in the CIPS Supplemental Indenture issued
      by
      CIPS to the Agent pursuant to the CIPS Indenture in the aggregate principal
      amount required by Section 4.3.7(i) as it may be increased under Section
      4.6.

     

    “CIPS
      Indenture” means the Indenture dated October 1, 1941, as supplemented by the
      CIPS Supplemental Indenture and as heretofore or from time to time hereafter
      supplemented and amended in compliance herewith, between CIPS and the CIPS
      Trustees.

     

    “CIPS
      Minimum Bonding Capacity” means, at all times prior to December 31, 2007,
      $50,000,000; at all times on and after December 31, 2007 but prior to December
      31, 2008, $100,000,000; at all times on and after December 31, 2008, but prior
      to December 31, 2009, $150,000,000; and at all times on and after December
      31,
      2009, $200,000,000; provided that at any time on or after December 31, 2009,
      and
      prior to the Borrower Sublimit of CIPS equaling $135,000,000, the requirement
      shall be the greater of (A) the excess bonding requirement under the Existing
      Credit Agreement and (B) the requirement set forth above multiplied by the
      percentage of $135,000,000 represented by the Borrower Sublimit of CIPS at
      such
      time.

     

    “CIPS
      Supplemental Indenture” means the Supplemental Indenture substantially in the
      form of Exhibit K-2, supplementing the CIPS Indenture to provide for the
      creation and issuance of the CIPS Credit Agreement Bonds.

     

    “CIPS
      Trustees” means U.S. Bank National Association and Richard Prokosch, as
      Trustees, and any other successors thereto, as trustees under the CIPS
      Indenture.

     

    “Closing
      Date” means February 9, 2007.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    “Code”
      means the Internal Revenue Code of 1986, as amended, reformed or otherwise
      modified from time to time, and any rule or regulation issued
      thereunder.

     

    “Collateral
      Documents” means the CILCO Collateral Documents, the CIPS Collateral Documents,
      the IP Collateral Documents, the Resources Collateral Documents and the CILCORP
      Collateral Documents.

     

    “Commitment”
      means, for each Lender, the amount set forth on the Commitment Schedule or
      in an
      Assignment Agreement executed pursuant to Section 12.3 opposite such Lender’s
      name, as it may be modified as a result of any assignment that has become
      effective pursuant to Section 12.3.2 or as otherwise modified from time to
      time
      pursuant to the terms hereof. 

     

    “Commitment
      Schedule” means the Schedule identifying each Lender’s Commitment as of the
      Closing Date attached hereto and identified as such.

     

    “Commonly
      Controlled Entity” means any trade or business, whether or not incorporated,
      which is under common control with a Borrower or any Subsidiary within the
      meaning of Section 4001 of ERISA or that, together with such Borrower or
      any Subsidiary, is treated as a single employer under Section 414(b) or (c)
      of the Code or, solely for purposes of Section 302 of ERISA and Section 412
      of
      the Code, is treated as a single employer under Section 414 of the
      Code.

     

    “Company”
      means Ameren Corporation, a Missouri corporation.

     

    “Consolidated
      Indebtedness” of a Person means at any time the Indebtedness of such Person and
      its Subsidiaries which would be consolidated in the consolidated financial
      statements of such Person under Agreement Accounting Principles calculated
      on a
      consolidated basis as of such time; provided, however, that Consolidated
      Indebtedness shall exclude any Indebtedness incurred as part of any Permitted
      Securitization.

     

    “Consolidated
      Net Worth” of a Person means at any time the consolidated stockholders’ equity
      and preferred stock of such Person and its subsidiaries calculated on a
      consolidated basis in accordance with Agreement Accounting
      Principles.

     

    “Consolidated
      Tangible Assets” means, as to any Borrower, the total amount of all assets of
      such Borrower and its consolidated Subsidiaries determined in accordance with
      Agreement Accounting Principles, minus,
      to the
      extent included in the total amount of such Borrower’s and its consolidated
      Subsidiaries’ total assets, the net book value of all (i) goodwill, including,
      without limitation, the excess cost over book value of any asset, (ii)
      organization or experimental expenses, (iii) unamortized debt discount and
      expense, (iv) patents, trademarks, tradenames and copyrights, (v) treasury
      stock, (vi) franchises, licenses and permits, and (vii) other assets which
      are
      deemed intangible assets under Agreement Accounting Principles.

     

    “Consolidated
      Total Capitalization” means, as to any Borrower at any time, the sum of
      Consolidated Indebtedness of such Borrower and Consolidated Net Worth of such
      Borrower, each calculated at such time.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “Contingent
      Obligation” of a Person means any agreement, undertaking or arrangement by which
      such Person assumes, guarantees, endorses, contingently agrees to purchase
      or
      provide funds for the payment of, or otherwise becomes or is contingently liable
      upon, the obligation or liability of any other Person, or agrees to maintain
      the
      net worth or working capital or other financial condition of any other Person,
      or otherwise assures any creditor of such other Person against loss, including,
      without limitation, any comfort letter, operating agreement, take-or-pay
      contract or the obligations of any such Person as general partner of a
      partnership with respect to the liabilities of the partnership.

     

    “Contribution
      Percentage” means, from time to time with respect to each Illinois Utility and
      each Borrower, (a) in the case of CIPS, 4.7%, (b) in the case of CILCO, 5.1%,
      (c) in the case of IP, 41.1%, (d) in the case of Resources, 24.8%, and (e)
      in
      the case of CILCORP, 24.3%; provided
      that if
      any Borrower shall cease to be a “Borrower” under this Agreement, the
      Contribution Percentage of such entity shall be allocated ratably to each
      remaining Borrower or Illinois Utility in proportion to the Contribution
      Percentages of such remaining Borrowers and Illinois Utilities and provided further
      that at
      no time shall the aggregate Contribution Percentages be less than 100%. The
      Contribution Percentage with respect to any amount shall be determined as of
      the
      time such amount becomes due. The percentage applicable to each Borrower will
      be
      changed to reflect the relative Borrower Sublimits if the Company gives a
      written notice to the Agent setting out such new percentages for each Borrower
      and the effective date of such change.

     

    “Conversion/Continuation
      Notice” is defined in Section 2.12.

     

    “Credit
      Extension” means the making of an Advance or the issuance of a Letter of Credit
      hereunder.

     

    “Credit
      Extension Date” means the Borrowing Date for an Advance or the date of issuance
      of a Letter of Credit.

     

    “Default”
      means an event described in Article VII.

     

    “Designated
      Lender” means, with respect to each Designating Lender, each Eligible Designee
      designated by such Designating Lender pursuant to Section 12.1.2.

     

    “Designating
      Lender” means, with respect to each Designated Lender, the Lender that
      designated such Designated Lender pursuant to Section 12.1.2. 

     

    “Designation
      Agreement” is defined in Section 12.1.2.

     

    “Disclosed
      Matters” means the events, actions, suits and proceedings and the environmental
      matters disclosed in the Exchange Act Documents.

     

    “Documentation
      Agents” means BNP Paribas, Lehman Brothers Bank, FSB and The Bank of New
      York.

     

    “Dollar”
      and “$” means the lawful currency of the United States of America.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Eligible
      Designee” means
      a
      special purpose corporation, partnership, trust, limited partnership or limited
      liability company that is administered by the respective Designating Lender
      or
      an Affiliate of such Designating Lender and (i) is organized under the laws
      of
      the United States of America or any state thereof, (ii) is engaged primarily
      in
      making, purchasing or otherwise investing in commercial loans in the ordinary
      course of its business and (iii) issues (or the parent of which issues)
      commercial paper rated at least A-1 or the equivalent thereof by S&P or P-1
      or the equivalent thereof by Moody’s.

     

    “Environmental
      Laws” means any and all federal, state, local and foreign statutes, laws,
      judicial decisions, regulations, ordinances, rules, judgments, orders, decrees,
      plans, injunctions, permits, concessions, grants, franchises, licenses,
      agreements and other governmental restrictions relating to (i) the protection
      of
      the environment, (ii) the effect of the environment on human health, (iii)
      emissions, discharges or releases of pollutants, contaminants, hazardous
      substances or wastes into surface water, ground water or land, or (iv) the
      manufacture, processing, distribution, use, treatment, storage, disposal,
      transport or handling of pollutants, contaminants, hazardous substances or
      wastes or the clean-up or other remediation thereof.

     

    “ERISA”
      means the Employee Retirement Income Security Act of 1974, as amended from
      time
      to time.

     

    “ERISA
      Event” means, as to any Borrower, (a) any Reportable Event with respect to
      such Borrower or any Commonly Controlled Entity of such Borrower; (b) the
      existence with respect to any Plan of an “accumulated funding deficiency” (as
      defined in Section 412 of the Code or Section 302 of ERISA) whether or not
      waived; (c) the filing pursuant to Section 412(d) of the Code or Section
      303(d) of ERISA of an application for a waiver of the minimum funding standard
      with respect to any Plan; (d) the incurrence by such Borrower or any
      Commonly Controlled Entity of any liability under Title IV of ERISA with respect
      to the termination of any Plan; (e) the receipt by such Borrower or any
      Commonly Controlled Entity from the PBGC or a plan administrator of any notice
      relating to an intention to terminate any Plan or to appoint a trustee to
      administer any Plan; (f) the incurrence by such Borrower or any Commonly
      Controlled Entity of any liability with respect to the withdrawal or partial
      withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by such
      Borrower or any Commonly Controlled Entity of any notice, or the receipt by
      any
      Multiemployer Plan from such Borrower or any Commonly Controlled Entity of
      any
      notice, concerning the imposition of “withdrawal liability” (as defined in Part
      I of Subtitle E of Title IV of ERISA) or a determination that a Multiemployer
      Plan is, or is expected to be, insolvent or in reorganization, within the
      meaning of Title IV of ERISA.

     

    “Eurodollar
      Advance” means an Advance which, except as otherwise provided in
      Section 2.14, bears interest at the applicable Eurodollar
      Rate.

     

    “Eurodollar
      Base Rate” means, with respect to a Eurodollar Advance for the relevant Interest
      Period, the applicable British Bankers’ Association LIBOR rate for deposits in
      Dollars as reported by any generally recognized financial information service
      as
      of 11:00 a.m. (London time) two (2) Business Days prior to the first day of
      such
      Interest Period, and having a maturity equal to such Interest Period,
provided
      that, if
      no such British Bankers’ Association LIBOR rate is available to the Agent, the
      applicable Eurodollar Base Rate for the relevant Interest Period shall instead
      be the rate determined by the Agent to be the rate at which JPMCB or one of
      its

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    affiliate
      banks offers to place deposits in Dollars with first-class banks in the London
      interbank market at approximately 11:00 a.m. (London time) two (2) Business
      Days
      prior to the first day of such Interest Period, in the approximate amount of
      JPMCB’s relevant Eurodollar Loan and having a maturity equal to such Interest
      Period.

     

    “Eurodollar
      Loan” means a Loan which, except as otherwise provided in Section 2.14, bears
      interest at the applicable Eurodollar Rate.

     

    “Eurodollar
      Rate” means, with respect to a Eurodollar Advance to any Borrower for the
      relevant Interest Period, the sum of (i) the quotient of (a) the Eurodollar
      Base
      Rate applicable to such Interest Period, divided by (b) one minus the Reserve
      Requirement (expressed as a decimal) applicable to such Interest Period, plus
      (ii) the then Applicable Margin applicable to such Borrower, changing as and
      when the Applicable Margin changes.

     

    “Exchange
      Act Documents” means (a) the Annual Report of each of the Company, the Illinois
      Utilities and CILCORP to the Securities and Exchange Commission on Form 10-K
      for
      the fiscal year ended December 31, 2005, (b) the Quarterly Reports of each
      of
      the Company, the Illinois Utilities and CILCORP to the Securities and Exchange
      Commission on Form 10-Q for the fiscal quarters ended March 31, 2006, June
      30,
      2006 and September 30, 2006, and (c) all Current Reports of each of the
      Company, the Illinois Utilities and CILCORP to the Securities and Exchange
      Commission on Form 8-K from January 1, 2006, to February 8, 2007.

     

    “Excluded
      Taxes” means, in the case of each Lender or applicable Lending Installation and
      the Agent, taxes imposed on its overall net income, and franchise taxes imposed
      on it, by (i) the jurisdiction under the laws of which such Lender or the Agent
      is incorporated or organized or any political combination or subdivision or
      taxing authority thereof or (ii) the jurisdiction in which the Agent’s or such
      Lender’s principal executive office or such Lender’s applicable Lending
      Installation is located.

     

    “Exhibit”
      refers to an exhibit to this Agreement, unless another document is specifically
      referenced.

     

    “Existing
      Credit Agreement” means the Credit Agreement dated as of July 14, 2006, among
      the Borrowers, the lenders from time to time party thereto and JPMCB, as
      agent.

     

    “Facility
      Fee” is defined in Section 2.8.1. 

     

    “Federal
      Funds Effective Rate” means, for any day, an interest rate per annum equal to
      the weighted average of the rates on overnight Federal Funds transactions with
      members of the Federal Reserve System arranged by Federal Funds brokers on
      such
      day, as published for such day (or, if such day is not a Business Day, for
      the
      immediately preceding Business Day) by the Federal Reserve Bank of New York,
      or,
      if such rate is not so published for any day which is a Business Day, the
      average of the quotations at approximately 11:00 a.m. (New York time) on such
      day on such transactions received by the Agent from three Federal Funds brokers
      of recognized standing selected by the Agent in its sole
      discretion.

     

    “FERC”
      means the Federal Energy Regulatory Commission.

     

    
      
        
        

      

      
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    “First
      Mortgage Bonds” means bonds or other indebtedness issued by CIPS, CILCO or IP,
      as applicable, pursuant to the CILCO Indenture, the CIPS Indenture or the IP
      Indenture, respectively.

     

    “Floating
      Rate” means, for any day, with respect to a Borrower, a rate per annum equal to
      the sum of (i) the Alternate Base Rate for such day, changing when and as
      the Alternate Base Rate changes, plus
      (ii) the then Applicable Margin applicable to such Borrower, changing as
      and when the Applicable Margin changes.

     

    “Floating
      Rate Advance” means an Advance which, except as otherwise provided in Section
      2.14, bears interest at the Floating Rate.

     

    “Fund”
      means any Person (other than a natural person) that is (or will be) engaged
      in
      making, purchasing, holding or otherwise investing in commercial loans and
      similar extensions of credit in the ordinary course of its
      business.

     

    “Illinois
      Utility” means each of IP, CIPS and CILCO. 

     

    “Inactive
      Subsidiary” means any Subsidiary of a Borrower that (a) does not conduct
      any business operations, (b) has assets with a total book value not in
      excess of $1,000,000 and (c) does not have any Indebtedness
      outstanding.

     

    “Increase
      Date” means each date selected by CILCO or CIPS on which it delivers additional
      CILCO Credit Agreement Bonds or CIPS Credit Agreement Bonds, respectively,
      to
      the Agent for the purpose of increasing the amount of the CILCO Credit Agreement
      Bonds or the CIPS Credit Agreement Bonds in accordance with Section 4.5 or
      Section 4.6.

     

    “Indebtedness”
      of a Person means, at any time, without duplication, such Person’s
      (i) obligations for borrowed money, (ii) obligations representing the
      deferred purchase price of Property or services (other than current accounts
      payable arising in the ordinary course of such Person’s business payable on
      terms customary in the trade), (iii) obligations, whether or not assumed,
      secured by Liens or payable out of the proceeds or production from Property
      now
      or hereafter owned or acquired by such Person, (iv) obligations which are
      evidenced by notes, bonds, debentures, acceptances, or other instruments,
      (v) obligations to purchase securities or other Property arising out of or
      in connection with the sale of the same or substantially similar securities
      or
      Property, (vi)  Capitalized Lease Obligations, (vii) Contingent
      Obligations of such Person, (viii) reimbursement obligations under letters
      of credit, bankers acceptances, surety bonds and similar instruments issued
      upon
      the application of such Person or upon which such Person is an account party
      or
      for which such Person is in any way liable, (ix) Off-Balance Sheet
      Liabilities, (x) obligations under Sale and Leaseback Transactions, (xi) 
Net Mark-to-Market Exposure under Rate Management Transactions and
      (xii) any other obligation for borrowed money which in accordance with
      Agreement Accounting Principles would be shown as a liability on the
      consolidated balance sheet of such Person.

     

    “Interest
      Period” means, with respect to a Eurodollar Advance, a period of one, two, three
      or six months, commencing on the date of such Advance and ending on but
      excluding the day which corresponds numerically to such date one, two, three
      or
      six months thereafter; provided, however,
      that (i)
      if there is no such numerically corresponding day in such next, second, third
      or
      sixth succeeding month, such Interest Period shall end on the last Business
      Day
      of such next, second, third or 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    sixth
      succeeding month, (ii) if an Interest Period would otherwise end on a day
      which is not a Business Day, such Interest Period shall end on the next
      succeeding Business Day, provided, however,
      that if
      said next succeeding Business Day falls in a new calendar month, such Interest
      Period shall end on the immediately preceding Business Day and (iii) no Interest
      Period in respect of an Advance to any Borrower may end after the Availability
      Termination Date for such Borrower. For purposes hereof, the date of an Advance
      initially shall be the date on which such Advance is made and, in the case
      of an
      Advance comprising Revolving Loans, thereafter shall be the effective date
      of
      the most recent conversion or continuation of such Loans. 

     

    “Investment”
      of a Person means any loan, advance (other than commission, travel and similar
      advances to officers and employees made in the ordinary course of business),
      extension of credit (other than accounts receivable arising in the ordinary
      course of business on terms customary in the trade) or contribution of capital
      by such Person; stocks, bonds, mutual funds, partnership interests, notes,
      debentures or other securities owned by such Person; any deposit accounts and
      certificates of deposit owned by such Person; and structured notes, derivative
      financial instruments and other similar instruments or contracts owned by such
      Person.

     

    “IP”
      means Illinois Power Company d/b/a AmerenIP, an Illinois corporation and a
      Subsidiary of the Company.

     

    “IP
      Bond
      Delivery Agreement” means an agreement substantially in the form of Exhibit J-3
      whereby the Agent (i) acknowledges delivery of the IP Credit Agreement Bond
      and
      (ii) agrees to hold the IP Credit Agreement Bond for the benefit of the Lenders
      and to distribute all payments made by IP on account thereof to the
      Lenders.

     

    “IP
      Collateral Documents” means the IP Bond Delivery Agreement, the IP Indenture,
      the IP Credit Agreement Bond, the IP Supplemental Indenture and each other
      agreement, instrument or document executed and delivered pursuant to Section
      6.18.3 to secure any of the Obligations of IP.

     

    “IP
      Credit Agreement Bond” means, collectively, one or more First Mortgage Bonds
      substantially in the form set forth in the IP Supplemental Indenture issued
      by
      IP to the Agent pursuant to the IP Indenture in the aggregate principal amount
      required by Section 4.3.8(i).

     

    “IP
      Indenture” means the General Mortgage Indenture and Deed of Trust dated as of
      November 1, 1992, as supplemented by the IP Supplemental Indenture and as
      heretofore or from time to time hereafter supplemented and amended in compliance
      herewith between IP and the IP Trustee.

     

    “IP
      Minimum Bonding Capacity” means, at all times prior to December 31, 2008,
      $100,000,000; at all times on and after December 31, 2008 but prior to December
      31, 2009, $200,000,000; and at all times on and after December 31, 2009,
      $350,000,000.

     

    “IP
      Supplemental Indenture” means the Supplemental Indenture substantially in the
      form of Exhibit K-3, supplementing the IP Indenture to provide for the creation
      and issuance of the IP Credit Agreement Bond.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    “IP
      Trustee” means BNY Midwest Trust Company as successor to Harris Trust and
      Savings Bank, as Trustee, and any other successors thereto, as trustee under
      the
      IP Indenture.

     

    “Issuing
      Bank” means, at any time, JPMCB and each other person that shall have become an
      Issuing Bank hereunder as provided in Section 2.6(j), each in its capacity
      as an issuer of Letters of Credit hereunder. Each Issuing Bank may, in its
      discretion, arrange for one or more Letters of Credit to be issued by Affiliates
      of such Issuing Bank, in which case the term “Issuing Bank” shall include any
      such Affiliate with respect to Letters of Credit issued by such
      Affiliate.

     

    “Issuing
      Bank Agreement” shall have the meaning assigned to such term in
      Section 2.6(j).

     

    “JPMCB”
      means JPMorgan Chase Bank, N.A. 

     

    “LC
      Commitment” means, as to each Issuing Bank, the commitment of such Issuing Bank
      to issue Letters of Credit pursuant to Section 2.6. The initial amount of
      each Issuing Bank’s LC Commitment is set forth on the LC Commitment Schedule, or
      in the case of any additional Issuing Bank, as provided in Section 2.6(j).

     

    “LC
      Commitment Schedule” means the Schedule identifying each Issuing Bank’s LC
      Commitment as of the Closing Date attached hereto and identified as
      such.

     

    “LC
      Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of
      Credit.

     

    “LC
      Exposure” means, at any time, the sum of (a) the aggregate undrawn amount
      of all outstanding Letters of Credit at such time plus (b) the aggregate
      amount of all LC Disbursements that have not yet been reimbursed by or on behalf
      of the applicable Borrowers at such time. The LC Exposure of any Lender at
      any
      time shall be its Pro Rata Share of the total LC Exposure at such time.

     

    “LC
      Participation Fee” is defined in Section 2.8.2.

     

    “Lenders”
      means the lending institutions listed on the signature pages of this Agreement
      and their respective successors and assigns. Unless the context requires
      otherwise, the term “Lenders” includes the Swingline Lender.

     

    “Lending
      Installation” means, with respect to a Lender or the Agent, the office, branch,
      subsidiary or affiliate of such Lender or the Agent listed on the signature
      pages hereof or on the administrative information sheets provided to the Agent
      in connection herewith or on a Schedule or otherwise selected by such Lender
      or
      the Agent pursuant to Section 2.20. 

     

    “Letter
      of Credit” means any letter of credit issued pursuant to this Agreement or
      transferred to this Agreement in accordance with Section 2.6(a) on an Accession
      Date or an Increase Date.

     

    “Leveraged
      Lease Sales” means sales by the Company or any Subsidiary of investments, in
      existence on the date hereof, in assets leased to an unaffiliated lessee under
      leveraged lease 

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    arrangements
      in existence on the date hereof, including any transactions between and among
      the Company and/or Subsidiaries that are necessary to effect the sale of such
      investments to a Person other than the Company or any of its
      Subsidiaries.

     

    “Lien”
      means any lien (statutory or other), mortgage, pledge, hypothecation,
      assignment, deposit arrangement, encumbrance or preference, priority or other
      security agreement or preferential arrangement of any kind or nature whatsoever
      (including, without limitation, the interest of a vendor or lessor under any
      conditional sale, Capitalized Lease or other title retention agreement, and,
      in
      the case of stock, stockholders agreements, voting trust agreements and all
      similar arrangements).

     

    “Loans”
      means the loans made by the Lenders to the Borrowers pursuant to this
      Agreement.

     

    “Loan
      Documents” means this Agreement, the Collateral Documents and all other
      documents, instruments, notes (including any Notes issued pursuant to Section
      2.16 (if requested)) and agreements executed in connection herewith or therewith
      or contemplated hereby or thereby, as the same may be amended, restated or
      otherwise modified and in effect from time to time.

     

    “Material
      Adverse Effect” means, with respect to any Borrower, a material adverse effect
      on (i) the business, Property, condition (financial or otherwise),
      operations or results of operations or prospects of such Borrower, or such
      Borrower and its Subsidiaries taken as a whole, (ii) the ability of such
      Borrower to perform its obligations under the Loan Documents, or (iii) the
      validity or enforceability of any of the Loan Documents against such Borrower
      or
      the rights or remedies of the Agent or the Lenders thereunder.

     

    “Material
      Indebtedness” means any Indebtedness (other than any Indebtedness incurred as
      part of any Permitted Securitization) in an outstanding principal amount of
      $25,000,000 or more in the aggregate (or the equivalent thereof in any currency
      other than Dollars). 

     

    “Material
      Indebtedness Agreement” means any agreement under which any Material
      Indebtedness was created or is governed or which provides for the incurrence
      of
      Indebtedness in an amount which would constitute Material Indebtedness (whether
      or not an amount of Indebtedness constituting Material Indebtedness is
      outstanding thereunder). 

     

    “Maturity
      Date” means January 14, 2010.

     

    “Money
      Pool Agreements” means, collectively, (i) that certain Ameren Corporation
      System Utility Money Pool Agreement, dated as of March 25, 1999, by and among
      the Company, Ameren Services Company, Union Electric, CIPS, CILCO, IP and
      Resources, as amended from time to time (including, without limitation, the
      addition of any of their Affiliates as parties thereto), and (ii) that
      certain Ameren Corporation System Non-Regulated Subsidiary Money Pool Agreement,
      dated as of February 27, 2003, by and among the Company, Ameren Services
      Company, Ameren Energy Generating Company and certain Subsidiaries of the
      Company excluding Union Electric, CIPS, CILCO and IP, as amended from time
      to
      time (including, without limitation, the addition of any of their Affiliates,
      other than Union Electric, CIPS, CILCO and IP, as parties thereto).

     

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    “Moody’s”
      means Moody’s Investors Service, Inc.

     

    “Multiemployer
      Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
      ERISA.

     

    “Net
      Mark-to-Market Exposure” of a Person means, as of any date of determination, the
      excess (if any) of all unrealized losses over all unrealized profits of such
      Person arising from Rate Management Transactions. “Unrealized losses” means the
      fair market value of the cost to such Person of replacing such Rate Management
      Transaction as of the date of determination (assuming the Rate Management
      Transaction were to be terminated as of that date), and “unrealized profits”
means the fair market value of the gain to such Person of replacing such Rate
      Management Transaction as of the date of determination (assuming such Rate
      Management Transaction were to be terminated as of that date).

     

    “Non-U.S.
      Lender” is defined in Section 3.5(iv).

     

    “Note”
is
      defined in Section 2.16.

     

    “Obligations”
      means, with respect to any Illinois Utility or Borrower, all Loans,
      reimbursement obligations in respect of LC Disbursements, advances, debts,
      liabilities, obligations, covenants and duties owing by such Illinois Utility
      or
      Borrower to the Agent, any Issuing Bank, any Lender, the Arranger, any affiliate
      of the Agent, any Issuing Bank, any Lender or the Arranger, or any indemnitee
      under the provisions of Section 9.6 or any other provisions of the Loan
      Documents, in each case of any kind or nature, present or future, arising under
      this Agreement or any other Loan Document, whether or not evidenced by any
      note,
      guaranty or other instrument, whether or not for the payment of money, whether
      arising by reason of an extension of credit, loan, foreign exchange risk,
      guaranty, indemnification, or in any other manner, whether direct or indirect
      (including those acquired by assignment), absolute or contingent, due or to
      become due, now existing or hereafter arising and however acquired. The term
      includes, without limitation, all interest, charges, expenses, fees, attorneys’
fees and disbursements, paralegals’ fees (in each case whether or not allowed),
      and any other sum chargeable to such Illinois Utility or Borrower under this
      Agreement or any other Loan Document.

     

    “Off-Balance
      Sheet Liability” of a Person means the principal component of (i) any
      repurchase obligation or liability of such Person with respect to accounts
      or
      notes receivable sold by such Person, (ii) any liability under any Sale and
      Leaseback Transaction which is not a Capitalized Lease, (iii) any liability
      under any so-called “synthetic lease” or “tax ownership operating lease”
transaction entered into by such Person, or (iv) any obligation arising with
      respect to any other transaction which is the functional equivalent of or takes
      the place of borrowing but which does not constitute a liability on the
      consolidated balance sheets of such Person, but excluding from this clause
      (iv) Operating Leases.

     

    “Operating
      Lease” of a Person means any lease of Property (other than a Capitalized Lease)
      by such Person as lessee which has an original term (including any required
      renewals and any renewals effective at the option of the lessor) of one year
      or
      more. 

     

    “Other
      Taxes” is defined in Section 3.5(ii).

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    “Participants”
      is defined in Section 12.2.1.

     

    “Payment
      Date” means the last day of each March, June, September and December and the
      Maturity Date.

     

    “PBGC”
      means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
      and any successor entity performing similar functions.

     

    “Permitted
      Securitization” means any sale, grant and/or contribution, or series of related
      sales, grants and/or contributions, by an Illinois Utility or any Subsidiary
      of
      such Illinois Utility of Receivables to a trust, corporation or other entity,
      where the purchase of such Receivables is funded or exchanged in whole or in
      part by the incurrence or issuance by the purchaser, grantee or any successor
      entity of Indebtedness or securities that are paid from, or that represent
      interests in, the cash flow derived primarily from such Receivables (provided,
      however, that “Indebtedness” as used in this definition shall not include
      Indebtedness incurred by an SPC owed to the Illinois Utility or to a Subsidiary
      of such Illinois Utility which Indebtedness represents all or a portion of
      the
      purchase price or other consideration paid by the SPC for such receivables
      or
      interest therein), where (a) any recourse, repurchase, hold harmless, indemnity
      or similar obligations of such Illinois Utility or any Subsidiary (other than
      any SPC that is a party to such transaction) of such Illinois Utility in respect
      of Receivables sold, granted or contributed, or payments made in respect
      thereof, are customary for transactions of this type, and do not prevent the
      characterization of the transaction as a true sale under applicable laws
      (including debtor relief laws), (b) any recourse, repurchase, hold harmless,
      indemnity or similar obligations of any SPC in respect of Receivables sold,
      granted or contributed or payments made in respect thereof, are customary for
      transactions of this type and (c) such securitization transaction is authorized
      by an order of the Illinois Commerce Commission pursuant to state legislation
      specifically authorizing such securitizations.

     

    “Person”
      means any natural person, corporation, firm, joint venture, partnership, limited
      liability company, association, enterprise, trust or other entity or
      organization, or any government or political subdivision or any agency,
      department or instrumentality thereof.

     

    “Plan”
      means at a particular time, any employee benefit plan (other than a
      Multiemployer Plan) which is covered by ERISA or Section 412 of the Code
      and in respect of which a Borrower or a Commonly Controlled Entity is (or,
      if
      such plan were terminated at such time, would under Section 4069 of ERISA be
      deemed to be) an “employer” as defined in Section 3(5) of
      ERISA.

     

    “Pricing
      Schedule” means the Schedule identifying the Applicable Margin and Applicable
      Fee Rate attached hereto and identified as such.

     

    “Prime
      Rate” means a rate per annum equal to the prime rate of interest announced from
      time to time by JPMCB (which is not necessarily the lowest rate charged to
      any
      customer), changing when and as said prime rate changes.

     

    “Pro
      Rata
      Share” means, with respect to a Lender, a portion equal to a fraction the
      numerator of which is such Lender’s Commitment at such time (in each case, as
      adjusted from time to time in accordance with the provisions of this Agreement)
      and the denominator of which is the Aggregate Commitment at such time, or,
      if
      the Aggregate Commitment has been 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    terminated,
      a fraction the numerator of which is such Lender’s Revolving Credit Exposure at
      such time and the denominator of which is the Aggregate Revolving Credit
      Exposure at such time (and if there shall be no Revolving Credit Exposures
      at
      such time, the Lenders’ Pro Rata Shares shall be determined on the basis of the
      Revolving Credit Exposures then most recently in effect).

     

    “Project
      Finance Subsidiary” means any Subsidiary created for the purpose of obtaining
      non-recourse financing for any operating asset that is the sole and direct
      obligor of Indebtedness incurred in connection with such financing. A Subsidiary
      shall be deemed to be a Project Finance Subsidiary only from and after the
      date
      on which such Subsidiary is expressly designated as a Project Finance Subsidiary
      to the Agent by written notice executed by an Authorized Officer; provided
      that in
      no event shall any Borrower be designated or deemed a Project Finance
      Subsidiary.

     

    “Property”
      of a Person means any and all property, whether real, personal, tangible,
      intangible, or mixed, of such Person, or other assets owned, leased or operated
      by such Person.

     

    “Purchasers”
      is defined in Section 12.3.1.

     

    “Rate
      Management Transaction” means any transaction linked to one or more interest
      rates, foreign currencies, or equity prices (including an agreement with respect
      thereto) now existing or hereafter entered by a Borrower or a Subsidiary (other
      than a Project Finance Subsidiary) which is a rate swap, basis swap, forward
      rate transaction, equity or equity index swap, equity or equity index option,
      bond option, interest rate option, foreign exchange transaction, cap
      transaction, floor transaction, collar transaction, forward transaction,
      currency swap transaction, cross-currency rate swap transaction, currency option
      or any other similar transaction (including any option with respect to any
      of
      these transactions) or any combination thereof. 

     

    “Receivables”
      shall mean any accounts receivable, payment intangibles, notes receivable,
      right
      to receive future payments and related rights of an Illinois Utility or any
      Subsidiary of such Illinois Utility in respect of the recovery of deferred
      power
      supply costs and/or other costs through charges applied and invoiced to
      customers of such Illinois Utility or such Subsidiary, as authorized by an
      order
      of a public utilities commission pursuant to state legislation specifically
      authorizing the securitization thereof, or any interests therein.

     

    “Regulation
      D” means Regulation D of the Board of Governors of the Federal Reserve System
      as
      from time to time in effect and any successor thereto or other regulation or
      official interpretation of said Board of Governors relating to reserve
      requirements applicable to member banks of the Federal Reserve
      System.

     

    “Regulation
      U” means Regulation U of the Board of Governors of the Federal Reserve System
      as
      from time to time in effect and any successor or other regulation or official
      interpretation of said Board of Governors relating to the extension of credit
      by
      banks, non-banks and non-broker lenders for the purpose of purchasing or
      carrying margin stocks applicable to member banks of the Federal Reserve
      System.

     

    
      
        
        

      

      
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    “Regulation
      X” means Regulation X of the Board of Governors of the Federal Reserve System
      as
      from time to time in effect and any successor or other regulation or official
      interpretation of said Board of Governors relating to the extension of credit
      by
      foreign lenders for the purpose of purchasing or carrying margin stock (as
      defined therein).

     

    “Reportable
      Event” means any of the events set forth in Section 4043(c) of ERISA
      or the regulations issued under Section 4043 of ERISA, other than those
      events as to which the thirty day notice period is waived under
      Sections .21, .22, .23, .26, .27 or .28 of PBGC Reg.
§ 4043.

     

    “Required
      Lenders” means Lenders in the aggregate having greater than fifty percent (50%)
      of the Aggregate Commitment; provided
      that for
      purposes of declaring the Loans to be due and payable pursuant to Article VIII
      and for all purposes after the Loans have become due and payable pursuant to
      Article VIII and the Aggregate Commitment has been terminated, “Required
      Lenders” shall mean Lenders in the aggregate holding greater than fifty percent
      (50%) of the Aggregate Revolving Credit Exposure.

     

    “Reserve
      Requirement” means, with respect to an Interest Period, the maximum aggregate
      reserve requirement (including all basic, supplemental, marginal and other
      reserves) which is imposed under Regulation D on “Eurocurrency liabilities” (as
      defined in Regulation D).

     

    “Resources”
      means AmerenEnergy Resources Generating Company, an Illinois corporation and
      a
      Subsidiary of the Company.

     

    “Resources
      Collateral Documents” means the Resources Collateral Agency Agreement, the
      Resources Collateral Agency Agreement Supplement, the Resources Mortgages and
      each other agreement, instrument or document executed and delivered pursuant
      to
      Section 6.18.4 to secure any of the Obligations of Resources.

     

    “Resources
      Collateral Agency Agreement” means the Resources Collateral Agency Agreement
      dated as of July 14, 2006, made and entered into, by Resources in favor of
      The
      Bank of New York Trust Company, N.A., as collateral agent for the secured
      parties thereunder, as it may, subject to Section 6.20.4, be amended or modified
      in accordance with its terms.

     

    “Resources
      Collateral Agency Agreement Supplement” means the Resources Collateral Agency
      Supplement, substantially in the form of Exhibit L, made by Resources in favor
      of The Bank of New York Trust Company, N.A., as collateral agent under the
      Resources Collateral Agency Agreement, to secure the Obligations of Resources
      under the Resources Collateral Agency Agreement.

     

    “Resources
      Mortgaged Property” means, as of any particular time, with respect to each
      Resources Mortgage, all real and personal property at such time intended to
      be
      subjected to the lien of such mortgage.

     

    “Resources
      Mortgages” means each of (a) the Open-Ended Mortgage, Security Agreement,
      Assignment, Assignment of Rents and Leases and Fixture Filing dated as of July
      14, 2006, by Resources to The Bank of New York Trust Company, N.A., as
      collateral agent for the secured parties thereunder in respect of the E.D.
      Edwards plant in Bartonville, Illinois, as it may, subject to Section 6.20.4,
      be
      amended or modified in accordance with the terms of the Resources 

     

    
      
        
        

      

      
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    Collateral
      Agency Agreement, and (b) the Open-Ended Mortgage, Security Agreement,
      Assignment, Assignment of Rents and Leases and Fixture Filing dated as of July
      14, 2006, by Resources to The Bank of New York Trust Company, N.A., as
      collateral agent for the secured parties thereunder in respect of the Duck
      Creek
      plant in Canton, Illinois, as it may, subject to Section 6.20.4, be amended
      or
      modified in accordance with the terms of the Resources Collateral Agency
      Agreement.

     

    “Restricted
      Payment” means any dividend or other distribution (whether in cash, securities
      or other property) with respect to any capital stock in any Borrower, or any
      payment (whether in cash, securities or other property), including any sinking
      fund or similar deposit, on account of the purchase, redemption, retirement,
      acquisition, cancelation or termination of any capital stock in any Borrower
      or
      any option, warrant or other right to acquire any such capital stock in any
      Borrower.

     

    “Revolving
      Advance” means an Advance comprised of Revolving Loans.

     

    “Revolving
      Credit Exposure” means, with respect to any Lender at any time, the sum of the
      outstanding principal amount of such Lender’s Revolving Loans, such Lender’s LC
      Exposure and such Lender’s Swingline Exposure at such time.

     

    “Revolving
      Eurodollar Advance” means a Revolving Advance comprising a Loan or Loans that
      bear interest at the Eurodollar Rate.

     

    “Revolving
      Floating Rate Advance” means a Revolving Advance comprising a Loan or Loans that
      bear interest at a Floating Rate.

     

    “Revolving
      Loan” means, with respect to a Lender, such Lender’s loan made pursuant to its
      commitment to lend set forth in Section 2.1 (and any conversion or continuation
      thereof).

     

    “S&P”
      means Standard and Poor’s Ratings Services, a division of The McGraw-Hill
      Companies, Inc. and any successor thereto.

     

    “Sale
      and
      Leaseback Transaction” means any sale or other transfer of Property by any
      Person with the intent to lease such Property as lessee.

     

    “Schedule”
      refers to a specific schedule to this Agreement, unless another document is
      specifically referenced.

     

    “SEC”
      means the Securities and Exchange Commission.

     

    “Section”
      means a numbered section of this Agreement, unless another document is
      specifically referenced.

     

    “SPC”
      means a special purpose, bankruptcy-remote Person formed for the sole and
      exclusive purpose of engaging in activities in connection with the purchase,
      sale and financing of Receivables
      in
      connection with and pursuant to a Permitted Securitization.

     

    
      
        
        

      

      
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    “Subsidiary”
      of a Person means (i) any corporation more than 50% of the outstanding
      securities having ordinary voting power of which shall at the time be owned
      or
      controlled, directly or indirectly, by such Person or by one or more of its
      Subsidiaries or by such Person and one or more of its Subsidiaries, or
      (ii) any partnership, limited liability company, association, joint venture
      or similar business organization more than 50% of the ownership interests having
      ordinary voting power of which shall at the time be so owned or controlled.
      Unless otherwise expressly provided, all references herein to a “Subsidiary”
shall mean a Subsidiary of the Company.

     

    “Substantial
      Portion” means, with respect to the Property of a Borrower and its Subsidiaries,
      Property which represents more than 10% of the consolidated assets of such
      Borrower and its Subsidiaries or property which is responsible for more than
      10%
      of the consolidated net sales or of the consolidated net income of such Borrower
      and its Subsidiaries, in each case, as would be shown in the consolidated
      financial statements of such Borrower and its Subsidiaries as at the end of
      the
      four fiscal quarter period ending with the fiscal quarter immediately prior
      to
      the fiscal quarter in which such determination is made (or if financial
      statements have not been delivered hereunder for that fiscal quarter which
      ends
      the four fiscal quarter period, then the financial statements delivered
      hereunder for the quarter ending immediately prior to that
      quarter).

     

    “Swingline
      Exposure” means, at any time, the aggregate principal amount of all Swingline
      Loans outstanding at such time. The Swingline Exposure of any Lender at any
      time
      shall be its Pro Rata Share of the total Swingline Exposure at such time;
provided
      that if
      the Aggregate Commitment has been terminated such Pro Rata Share shall be
      determined based on the Commitments most recently in effect, but giving effect
      to any subsequent assignments.

     

    “Swingline
      Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline
      Loans hereunder.

     

    “Swingline
      Loan” means a Loan made pursuant to Section 2.5.

     

    “Syndication
      Agent” means Barclays Bank PLC.

     

    “Taxes”
      means any and all present or future taxes, duties, levies, imposts, deductions,
      charges or withholdings, and any and all liabilities with respect to the
      foregoing, but excluding
      Excluded
      Taxes.

     

    “Transferee”
      is defined in Section 12.4.

     

    “Transferred
      Letters of Credit” means, with respect to each of CIPS and CILCO, each letter of
      credit outstanding as a “Letter of Credit” under the Existing Credit Agreement
      as of the Accession Date or an Increase Date for such Borrower that shall have
      been designated as a Transferred Letter of Credit in a notice by such Borrower
      to the applicable Issuing Bank and to the Agent delivered not later than such
      date (provided that such designation shall have been consented to by the
      applicable “Issuing Bank” under the Existing Credit Agreement if it is not an
      Issuing Bank hereunder).

     

    
      
        
        

      

      
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    “2005
      Act” means the Public Utility Holding Company Act of 2005, as it may be amended
      (together with all rules, regulations and orders promulgated or otherwise issued
      in connection therewith).

     

    “Type”
      means, with respect to any Advance, its nature as a Floating Rate Advance or
      Eurodollar Advance.

     

    “Union
      Electric” means Union Electric Company d/b/a AmerenUE, a Missouri corporation
      and a Subsidiary of the Company.

     

    “Unmatured
      Default” means an event which but for the lapse of time or the giving of notice,
      or both, would constitute a Default.

     

    “USA
      Patriot Act” means the Uniting and Strengthening America by Providing
      Appropriate Tools Required to Intercept and Obstruct Terrorism Act of
      2001.

     

    1.2.  Plural
      Forms.
      The
      foregoing definitions shall be equally applicable to both the singular and
      plural forms of the defined terms.

     

       
      ARTICLE II  

     

    THE
      CREDITS

     

    2.1.  Commitment.
      Subject
      to the satisfaction of the conditions precedent set forth in Section 4.1, 4.2,
      4.3 and 4.4, as applicable, each Lender severally and not jointly agrees, on
      the
      terms and conditions set forth in this Agreement, to make Revolving Loans to
      each Borrower from time to time from and including the Closing Date (or, in
      the
      case of any Illinois Utility, the Accession Date for such Borrower) and prior
      to
      the Availability Termination Date for such Borrower in an amount not to exceed
      its Pro Rata Share of the Available Aggregate Commitment; provided
      that
      (i) at no time shall the Aggregate Revolving Credit Exposure exceed the
      Aggregate Commitment, (ii) at no time shall the Revolving Credit Exposure of
      any
      Lender exceed its Commitment and (iii) at no time shall the Borrower Credit
      Exposure of any Borrower exceed the Borrower Sublimit of such Borrower. Subject
      to the terms of this Agreement, each Borrower may, severally and not jointly
      with the other Borrowers, borrow, repay and reborrow Revolving Loans at any
      time
      prior to the Availability Termination Date for such Borrower. The commitment
      of
      each Lender to lend to each Borrower hereunder shall automatically expire on
      the
      Availability Termination Date for such Borrower.

     

    2.2.  Required
      Payments; Termination.
      Each
      Borrower, severally and not jointly with the other Borrowers, hereby
      unconditionally promises to pay (i) to the Agent for the account of each
      Lender the then unpaid principal amount of each Revolving Loan made by such
      Lender to such Borrower on the Availability Termination Date for such Borrower,
      and (ii) to the Swingline Lender the then unpaid principal amount of each
      Swingline Loan made to such Borrower on the earlier of the Availability
      Termination Date for such Borrower and the fifth Business Day after such
      Swingline Loan is made; provided
      that (a)
      on each date that a Revolving Loan is made to a Borrower, such Borrower shall
      repay all Swingline Loans made to such Borrower and then outstanding and (b)
      the
      Borrowers shall repay Swingline Loans as required by the last sentence of
      Section 2.5(a). Notwithstanding the termination of the Commitments under this
      Agreement, 

     

    
      
        
        

      

      
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    until
      all
      of the Obligations of each Borrower (other than contingent indemnity
      obligations) shall have been fully paid and satisfied and all financing
      arrangements between each Borrower and the Lenders hereunder and under the
      other
      Loan Documents shall have been terminated, all of the rights and remedies with
      respect to such Borrower and its Obligations under this Agreement and the other
      Loan Documents shall survive.

     

    2.3.  Loans.
      Each
      Advance hereunder shall consist of (a) Revolving Loans made by the Lenders
      ratably in accordance with their Pro Rata Shares of the Aggregate Commitment,
      or
      (b) Swingline Loans.

     

    2.4.  [omitted]. 

     

    2.5.  Swingline
      Loans. 

     

    (a)
        Subject
      to the terms and conditions set forth herein, the Swingline Lender agrees to
      make Swingline Loans to each Borrower from time to time from and including
      the
      Closing Date (or, in the case of any Illinois Utility, the Accession Date for
      such Borrower) and prior to the Availability Termination Date for such Borrower,
      in an amount that will not result in the Swingline Exposure exceeding the
      difference between $200,000,000 and the aggregate principal amount of “Swingline
      Loans” outstanding under the Existing Credit Agreement; provided
      that
      (i) at no time shall the Aggregate Revolving Credit Exposure exceed the
      Aggregate Commitment, (ii) at no time shall the Revolving Credit Exposure of
      any
      Lender exceed its Commitment, (iii) at no time shall the Borrower Credit
      Exposure of any Borrower exceed the Borrower Sublimit of such Borrower and
      (iv) at no time shall the outstanding Swingline Loans made to any Borrower,
      when taken together with the “Swingline Loans” outstanding to such Borrower
      under the Existing Credit Agreement exceed the Borrower Swingline Sublimit
      of
      such Borrower; and provided further
      that the
      Swingline Lender shall not be required to make a Swingline Loan to refinance
      an
      outstanding Swingline Loan. Within the foregoing limits and subject to the
      terms
      and conditions set forth herein, each Borrower may, severally and not jointly
      with the other Borrowers, borrow, prepay and reborrow Swingline Loans. In the
      event that at any time the outstanding Swingline Loans made to any Borrower,
      when taken together with the “Swingline Loans” outstanding to such Borrower
      under the Existing Credit Agreement, exceed the Borrower Swingline Sublimit
      of
      such Borrower, then such Borrower shall immediately repay Swingline Loans in
      an
      amount sufficient to eliminate such excess.

     

    (b)
        Each
      Swingline Loan shall bear interest at (i) the rate per annum applicable to
      Floating Rate Advances or (ii) any other rate per annum (computed on the
      basis of the actual number of days elapsed over a year of 360 days) which shall
      be quoted by the Swingline Lender on the date such Loan is made and accepted
      by
      the applicable Borrower as provided in this Section 2.5; provided,
      that
      commencing on any date on which the Swingline Lender requires the Lenders to
      acquire participations in a Swingline Loan pursuant to Section 2.5(d), such
      Loan shall bear interest at the rate per annum applicable to Floating Rate
      Advances.

     

    (c)
        To
      request a Swingline Loan, the applicable Borrower shall notify the Swingline
      Lender of such request by telephone (confirmed by telecopy), not later than
      12:00 noon, New York time, on the day of a proposed Swingline Loan. Each such
      notice shall be irrevocable and 

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    shall
      specify the requested date (which shall be a Business Day) and amount of the
      requested Swingline Loan. If so requested by the applicable Borrower, the
      Swingline Lender will quote an interest rate that, if accepted by such Borrower,
      will be applicable to the requested Swingline Loan, and such Borrower will
      promptly notify the Swingline Lender in the event it accepts such rate. The
      Swingline Lender will promptly advise the Agent of any such notice received
      from
      such Borrower. The Swingline Lender shall make each Swingline Loan available
      to
      such Borrower by means of a credit to an account with the Swingline Lender
      specified by such Borrower by 3:00 p.m., New York time, on the requested date
      of
      such Swingline Loan.

     

    (d)
        The
      Swingline Lender may by written notice given to the Agent not later than 10:00
      a.m., New York time, on any Business Day require the Lenders to acquire
      participations on such Business Day in all or a portion of the Swingline Loans
      outstanding. Such notice shall specify the aggregate amount of Swingline Loans
      in which Lenders will participate. Promptly upon receipt of such notice, the
      Agent will give notice thereof to each Lender, specifying in such notice such
      Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender hereby
      absolutely and unconditionally agrees, upon receipt of notice as provided above,
      to pay to the Agent, for the account of the Swingline Lender, such Lender’s Pro
      Rata Share of such Swingline Loan or Loans. Each Lender acknowledges and agrees
      that its obligation to acquire participations in Swingline Loans pursuant to
      this paragraph is absolute and unconditional and shall not be affected by any
      circumstance whatsoever, including the occurrence and continuance of a Default
      or reduction or termination of the Commitments, and that each such payment
      shall
      be made without any offset, abatement, withholding or reduction whatsoever.
      Each
      Lender shall comply with its obligation under this paragraph by wire transfer
      of
      immediately available funds, in the same manner as provided in Section 2.11
      with
      respect to Loans made by such Lender (and Section 2.11 shall apply, mutatis
      mutandis,
      to the
      payment obligations of the Lenders), and the Agent shall promptly pay to the
      Swingline Lender the amounts so received by it from the Lenders. The Agent
      shall
      notify the applicable Borrower of any participation in any Swingline Loan
      acquired pursuant to this paragraph. Any amounts received by the Swingline
      Lender from such Borrower (or other party on behalf of such Borrower) in respect
      of a Swingline Loan after receipt by the Swingline Lender of the proceeds of
      a
      sale of participation therein shall be promptly remitted to the Agent; any
      such
      amounts received by the Agent shall be promptly remitted by the Agent to the
      Lenders that shall have made their payments pursuant to this paragraph and
      to
      the Swingline Lender, as their interests may appear. The purchase of
      participations in a Swingline Loan pursuant to this paragraph shall not relieve
      such Borrower of any default in the payment thereof.

     

    2.6.  Letters
      of Credit.

     

    (a)
        General.
      Subject
      to the terms and conditions set forth herein, each Borrower may request the
      issuance of Letters of Credit for its own account in a form reasonably
      acceptable to the Agent and the applicable Issuing Bank, at any time and from
      time to time prior to the Availability Termination Date for such Borrower.
      In
      the event of any inconsistency between the terms and conditions of this
      Agreement and the terms and conditions of any form of letter of credit
      application or other agreement submitted by a Borrower to, or entered into
      by a
      Borrower with, an Issuing Bank relating to any Letter of Credit, the terms
      and
      conditions of this Agreement shall control. Each Issuing Bank that has issued
      a
      Transferred Letter of Credit shall be deemed, without further action by any
      party hereto, but subject to satisfaction of the 

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    conditions
      set forth in Section 4.4 and in the last two sentences of paragraph (b) below,
      to have granted to each Lender, and each Lender shall have been deemed to have
      purchased from such Issuing Bank, a participation in such Transferred Letter
      of
      Credit in accordance with paragraph (d) below as of, as applicable, the
      Accession Date or an Increase Date for CIPS or CILCO. The Issuing Banks that
      are
      also party to the Existing Credit Agreement agree that, concurrently with such
      grant, the participations in the Transferred Letters of Credit granted to the
      lenders under the Existing Credit Agreement shall be automatically canceled
      without further action by any of the parties thereto. On and after the
      applicable Accession Date or Increase Date each Transferred Letter of Credit
      shall constitute a Letter of Credit for all purposes hereof. Any Lender that
      issued a Transferred Letter of Credit but shall not have entered into an Issuing
      Bank Agreement shall have the rights of an Issuing Bank as to such Letter of
      Credit for purposes of this Section 2.6.

     

    (b)
        Notice
      of Issuance, Amendment, Renewal, Extension; Certain Conditions.
      To
      request the issuance of a Letter of Credit (or the amendment, renewal or
      extension of an outstanding Letter of Credit), the applicable Borrower shall
      hand deliver or telecopy (or transmit by electronic communication, if
      arrangements for doing so have been approved by the applicable Issuing Bank)
      to
      the applicable Issuing Bank and the Agent (reasonably in advance of the
      requested date of issuance, amendment, renewal or extension) a notice requesting
      the issuance of a Letter of Credit, or identifying the Letter of Credit to
      be
      amended, renewed or extended, and specifying the date of issuance, amendment,
      renewal or extension (which shall be a Business Day), the date on which such
      Letter of Credit is to expire (which shall comply with paragraph (c) of
      this Section), the amount of such Letter of Credit, the account party or account
      parties with respect to such Letter of Credit, the name and address of the
      beneficiary thereof and such other information as shall be necessary to prepare,
      amend, renew or extend such Letter of Credit. If requested by the applicable
      Issuing Bank, such Borrower also shall submit a letter of credit application
      on
      such Issuing Bank’s standard form in connection with any request for a Letter of
      Credit. A Letter of Credit shall be issued, amended, renewed or extended only
      if
      (and upon issuance, amendment, renewal or extension of each Letter of Credit,
      such Borrower shall be deemed to represent and warrant that), after giving
      effect to such issuance, amendment, renewal or extension (i) the Aggregate
      Revolving Credit Exposure will not exceed the Aggregate Commitment, (ii) the
      Revolving Credit Exposure of any Lender will not exceed its Commitment,
      (iii) the Borrower Credit Exposure of any Borrower will not exceed the
      Borrower Sublimit of such Borrower and (iv) the portion of the LC Exposure
      attributable to Letters of Credit issued by the applicable Issuing Bank will
      not
      exceed the LC Commitment of such Issuing Bank. If the Required Lenders notify
      the Issuing Banks that a Default exists and instruct the Issuing Banks to
      suspend the issuance, amendment, renewal or extension of Letters of Credit,
      no
      Issuing Bank shall issue, amend, renew or extend any Letter of Credit without
      the consent of the Required Lenders until such notice is withdrawn by the
      Required Lenders (and each Lender that shall have delivered such notice agrees
      promptly to withdraw it at such time as no Default exists).

     

    (c)
        Expiration
      Date.
      Each
      Letter of Credit shall expire at or prior to the close of business on the
      earlier of (i) the date one year after the date of the issuance of such
      Letter of Credit (or, in the case of any renewal or extension thereof, one
      year
      after such renewal or extension), (ii) the Availability Termination Date for
      the
      applicable Borrower and (iii) the date that is five Business Days prior to
      the Maturity Date; provided
      that,
      with the prior consent of 

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

     

    the
      Agent
      and the applicable Issuing Bank, a Letter of Credit may be extended beyond
      the
      Availability Termination Date for the applicable Borrower or the fifth Business
      Day prior to the Maturity Date, as applicable, so long as the applicable
      Borrower has deposited in an account with the Agent, in the name of the Agent
      and for the benefit of the Lenders and such Issuing Bank, as cash collateral
      pursuant to documentation reasonably satisfactory to the Agent and such Issuing
      Bank, an amount in cash equal to the aggregate amount of all of its outstanding
      Letters of Credit with an expiration date later than the Availability
      Termination Date for the applicable Borrower or the fifth Business Day prior
      to
      the Maturity Date, as applicable.

     

    (d)
        Participations.
      Effective with respect to the Transferred Letters of Credit upon the occurrence
      of the applicable Accession Date or Increase Date, and effective upon the
      issuance of each other Letter of Credit (or any amendment thereto increasing
      the
      amount thereof) and without any further action on the part of the applicable
      Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender,
      and
      each Lender hereby acquires from such Issuing Bank, a participation in such
      Letter of Credit equal to such Lender’s Pro Rata Share of the aggregate amount
      available to be drawn under such Letter of Credit. In consideration and in
      furtherance of the foregoing, each Lender hereby absolutely and unconditionally
      agrees to pay to the Agent, for the account of such Issuing Bank, such Lender’s
      Pro Rata Share of each LC Disbursement made by such Issuing Bank and not
      reimbursed by the applicable Borrower on the date due as provided in
      paragraph (e) of this Section, or of any reimbursement payment required to
      be refunded to the applicable Borrower for any reason. Each Lender acknowledges
      and agrees that its obligation to acquire participations pursuant to this
      paragraph in respect of Letters of Credit is absolute and unconditional and
      shall not be affected by any circumstance whatsoever, including any amendment,
      renewal or extension of any Letter of Credit or the occurrence and continuance
      of a Default or reduction or termination of the Commitments, and that each
      such
      payment shall be made without any offset, abatement, withholding or reduction
      whatsoever.

     

    (e)
        Reimbursement.
      If an
      Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit,
      the applicable Borrower shall reimburse such LC Disbursement by paying to the
      Agent an amount equal to such LC Disbursement not later than 12:00 noon, New
      York City time, on the date that such LC Disbursement is made, if such Borrower
      shall have received notice of such LC Disbursement prior to 10:00 a.m., New
      York
      City time, on such date, or, if such notice has not been received by such
      Borrower prior to such time on such date, then not later than 12:00 noon, New
      York City time, on (i) the Business Day that such Borrower receives such
      notice, if such notice is received prior to 10:00 a.m., New York City time,
      on
      the day of receipt, or (ii) the Business Day immediately following the day
      that such Borrower receives such notice, if such notice is not received prior
      to
      such time on the day of receipt; provided
      that, if
      such LC Disbursement is not less than $1,000,000, such Borrower may, subject
      to
      the conditions to borrowing set forth herein, request in accordance with Section
      2.1 or 2.5 that such payment be financed with a Floating Rate Advance or
      Swingline Loan in an equivalent amount and, to the extent so financed, such
      Borrower’s obligation to make such payment shall be discharged and replaced by
      the resulting Floating Rate Advance or Swingline Loan. If such Borrower fails
      to
      make such payment when due, the Agent shall notify each Lender of the applicable
      LC Disbursement, the payment then due from 

     

    
      
        
        

      

      
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    such
      Borrower in respect thereof and such Lender’s Pro Rata Share thereof. Promptly
      following receipt of such notice, each Lender shall pay to the Agent its Pro
      Rata Share of the payment then due from such Borrower, in the same manner as
      provided in Section 2.11 with respect to Loans made by such Lender (and
      Section 2.11 shall apply, mutatis mutandis,
      to the
      payment obligations of the Lenders), and the Agent shall promptly pay to such
      Issuing Bank the amounts so received by it from the Lenders. Promptly following
      receipt by the Agent of any payment from such Borrower pursuant to this
      paragraph, the Agent shall distribute such payment to such Issuing Bank or,
      to
      the extent that Lenders have made payments pursuant to this paragraph to
      reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as
      their
      interests may appear. Any payment made by a Lender pursuant to this paragraph
      to
      reimburse an Issuing Bank for any LC Disbursement (other than the funding of
      a
      Floating Rate Advance or a Swingline Loan as contemplated above) shall not
      constitute a Loan and shall not relieve such Borrower of its obligation to
      reimburse such LC Disbursement.

     

    (f)
        Obligations
      Absolute.
      Each
      Borrower’s obligation to reimburse LC Disbursements as provided in
      paragraph (e) of this Section shall be several, shall be absolute,
      unconditional and irrevocable, and shall be performed strictly in accordance
      with the terms of this Agreement under any and all circumstances whatsoever
      and
      irrespective of (i) any lack of validity or enforceability of any Letter of
      Credit or this Agreement, or any term or provision therein, (ii) any draft
      or other document presented under a Letter of Credit proving to be forged,
      fraudulent or invalid in any respect or any statement therein being untrue
      or
      inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter
      of Credit against presentation of a draft or other document that does not comply
      with the terms of such Letter of Credit, or (iv) any other event or
      circumstance whatsoever, whether or not similar to any of the foregoing, that
      might, but for the provisions of this Section, constitute a legal or equitable
      discharge of, or provide a right of setoff against, such Borrower’s obligations
      hereunder. None of the Agent, the Lenders or the Issuing Banks, or any of their
      respective affiliates, directors, officers or employees, shall have any
      liability or responsibility by reason of or in connection with the issuance
      or
      transfer of any Letter of Credit or any payment or failure to make any payment
      thereunder (irrespective of any of the circumstances referred to in the
      preceding sentence), or any error, omission, interruption, loss or delay in
      transmission or delivery of any draft, notice or other communication under
      or
      relating to any Letter of Credit (including any document required to make a
      drawing thereunder), any error in interpretation of technical terms or any
      consequence arising from causes beyond the control of the applicable Issuing
      Bank; provided
      that the
      foregoing shall not be construed to excuse an Issuing Bank from liability to
      a
      Borrower to the extent of any direct damages (as opposed to consequential
      damages, claims in respect of which are hereby waived by each Borrower to the
      extent permitted by applicable law) suffered by such Borrower that are caused
      by
      such Issuing Bank’s failure to exercise care when determining whether drafts and
      other documents presented under a Letter of Credit comply with the terms
      thereof. The parties hereto expressly agree that, in the absence of gross
      negligence or willful misconduct on the part of an Issuing Bank (as finally
      determined by a court of competent jurisdiction), an Issuing Bank shall be
      deemed to have exercised care in each such determination. In furtherance of
      the
      foregoing and without limiting the generality thereof and subject to any
      non-waivable provisions of the laws and/or other rules to which a Letter of
      Credit is subject, the parties agree that, with respect to documents presented
      which appear on their face to be in substantial compliance with the terms of
      a
      Letter of Credit, an Issuing Bank may, in its sole discretion, either accept
      and
      make payment upon such documents without responsibility for further
      investigation, regardless of any notice or information to the contrary, or
      refuse to 

     

    
      
        
        

      

      
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    accept
      and make payment upon such documents if such documents are not in strict
      compliance with the terms of such Letter of Credit.

     

    (g)
        Disbursement
      Procedures.
      The
      applicable Issuing Bank shall, promptly following its receipt thereof, examine
      all documents purporting to represent a demand for payment under a Letter of
      Credit. Such Issuing Bank shall promptly notify the Agent and the applicable
      Borrower by telephone (confirmed by telecopy) of such demand for payment and
      whether such Issuing Bank has made or will make an LC Disbursement thereunder;
      provided
      that any
      failure to give or delay in giving such notice shall not relieve such Borrower
      of its obligation to reimburse such Issuing Bank and the Lenders with respect
      to
      any such LC Disbursement.

     

    (h)
        Interim
      Interest.
      If an
      Issuing Bank shall make any LC Disbursement, then, unless the applicable
      Borrower shall reimburse such LC Disbursement in full on the date such LC
      Disbursement is made, the unpaid amount thereof shall bear interest, for each
      day from and including the date such LC Disbursement is made to but excluding
      the date that such Borrower reimburses such LC Disbursement, at the rate per
      annum then applicable to Floating Rate Advances; provided
      that, if
      such Borrower fails to reimburse such LC Disbursement when due pursuant to
      paragraph (e) of this Section, then Section 2.14 shall apply. Interest
      accrued pursuant to this paragraph shall be for the account of such Issuing
      Bank, except that interest accrued on and after the date of payment by any
      Lender pursuant to paragraph (e) of this Section to reimburse such Issuing
      Bank shall be for the account of such Lender to the extent of such
      payment.

     

    (i)
        Cash
      Collateralization.
      If any
      Default with respect to a Borrower shall occur and be continuing, on the
      Business Day that such Borrower receives notice from the Agent or the Required
      Lenders (or, if the maturity of the Loans has been accelerated, Lenders with
      LC
      Exposures representing greater than 50% of the total LC Exposure) demanding
      the
      deposit of cash collateral pursuant to this paragraph, such Borrower shall
      deposit in an account with the Agent, in the name of the Agent and for the
      benefit of the Lenders, an amount in cash equal to the portion of the LC
      Exposure as of such date attributable to Letters of Credit issued for the
      account of such Borrower; provided
      that the
      obligation to deposit such cash collateral shall become effective immediately,
      and such deposit shall become immediately due and payable, without demand or
      other notice of any kind, upon the occurrence of any Default with respect to
      such Borrower described in Sections 7.6 or 7.7. Such deposit shall be held
      by the Agent as collateral for the payment and performance of the Obligations
      of
      such Borrower under this Agreement. The Agent shall have exclusive dominion
      and
      control, including the exclusive right of withdrawal, over such account. Other
      than any interest earned on the investment of such deposits, which investments
      shall be made at the option and sole discretion of the Agent and at such
      Borrower’s risk and expense, such deposits shall not bear interest. Interest or
      profits, if any, on such investments shall accumulate in such account. Moneys
      in
      such account shall be applied by the Agent to reimburse each Issuing Bank for
      LC
      Disbursements under Letters of Credit issued for the account of such Borrower
      for which it has not been reimbursed and, to the extent not so applied, shall
      be
      held for the satisfaction of future reimbursement obligations under Letters
      of
      Credit issued for the account of such Borrower or, if the maturity of the Loans
      has been accelerated (but subject to the consent of Lenders with LC Exposures
      representing greater than 50% of the total LC Exposure), be applied to satisfy
      other Obligations of such Borrower under this Agreement. If any Borrower is
      required to provide an amount of 

     

    
      
        
        

      

      
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    cash
      collateral hereunder as a result of the occurrence of a Default with respect
      to
      such Borrower, such amount (to the extent not applied as aforesaid) shall be
      returned to such Borrower within three Business Days after all Defaults with
      respect to such Borrower have been cured or waived. If at any time the cash
      collateral of any Borrower shall exceed such portion of the LC Exposure as
      of
      such date attributable to Letters of Credit issued for the account of such
      Borrower, the Agent shall apply such excess funds to the payment of such
      Borrower’s Obligations or (i) if no such Obligations are then due and owing and
      no Default with respect to such Borrower shall exist, shall release such excess
      funds to such Borrower or (ii) if no such Obligations are outstanding (other
      than contingent Obligations in respect of Letters of Credit which are fully
      collateralized), such excess amount shall be released to such Borrower
      notwithstanding the existence of a Default in respect of such
      Borrower.

     

    (j)
        Designation
      of Additional Issuing Banks.
      From
      time to time, the Borrowers may by notice to the Agent and the Lenders designate
      as additional Issuing Banks one or more Lenders that agree to serve in such
      capacity as provided below. The acceptance by a Lender of any appointment as
      an
      Issuing Bank hereunder shall be evidenced by an agreement (an “Issuing
      Bank Agreement”),
      which
      shall be in a form satisfactory to the Borrowers and the Agent, shall set forth
      the LC Commitment of such Lender and shall be executed by such Lender, the
      Borrowers and the Agent and, from and after the effective date of such
      agreement, (i) such Lender shall have all the rights and obligations of an
      Issuing Bank under this Agreement and the other Loan Documents and (ii)
      references herein and in the other Loan Documents to the term “Issuing Bank”
shall be deemed to include such Lender in its capacity as an Issuing
      Bank.

     

    2.7.  Types
      of Advances.
      Revolving Advances may be Floating Rate Advances or Eurodollar Advances, or
      a
      combination thereof, selected by the applicable Borrower in accordance with
      Sections 2.11 and 2.12. Swingline Loans will be Floating Rate Advances or will
      bear interest at such other rate per annum as shall be agreed as provided in
      Section 2.5.

     

    2.8.  Facility
      Fee; Letter of Credit Fees; Reductions in Aggregate Commitment and Borrower
      Sublimits.

     

    2.8.1
        Facility
      Fee.
      Each of
      the Illinois Utilities and the Borrowers agrees, severally and not jointly,
      to
      pay to the Agent for the account of each Lender a facility fee (the “Facility
      Fee”) at a per annum rate equal to, in the case of each Illinois Utility and
      Borrower, the Applicable Fee Rate for it on its Contribution Percentage of
      such
      Lender’s Commitment (whether used or unused) from and including the Closing Date
      to and including the first date following the Closing Date (or, in the case
      of
      each Illinois Utility, its Accession Date) on which both the Borrower Credit
      Exposure shall be zero and the Borrower Sublimit of such Illinois Utility or
      Borrower shall be reduced to zero pursuant to Section 2.8.3, payable quarterly
      in arrears on each Payment Date hereafter and on the Maturity Date, provided
      that, if
      any Lender continues to have Revolving Credit Exposure outstanding hereunder
      after the termination of its Commitment (including, without limitation, during
      any period when Loans or Letters of Credit may be outstanding but new Loans
      or
      Letters of Credit may not be borrowed or issued hereunder), then the Facility
      Fee shall continue to accrue on the aggregate principal amount of the

     

     

    
      
        
        

      

      
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    Revolving
      Credit Exposure of such Lender until such Lender ceases to have any Revolving
      Credit Exposure and shall be payable on demand.

     

    2.8.2
        Letter
      of Credit Fees.
      Each
      Borrower agrees, severally and not jointly with the other Borrowers, to pay
      (i)
      to the Agent for the account of each Lender a participation fee with respect
      to
      its participations in Letters of Credit issued for the account of such Borrower
      (the “LC Participation Fee”), which shall accrue at the Applicable Fee Rate on
      the average daily amount of that portion of such Lender’s LC Exposure (excluding
      any portion thereof attributable to unreimbursed LC Disbursements) attributable
      to Letters of Credit issued for the account of such Borrower during the period
      from and including the Closing Date (or, in the case of each Illinois Utility,
      its Accession Date) to but excluding the later of the date on which such
      Lender’s Commitment terminates and the date on which such Lender ceases to have
      any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall
      accrue at the rate or rates per annum separately agreed upon between such
      Borrower and such Issuing Bank on the average daily amount of the LC Exposure
      attributable to Letters of Credit issued by such Issuing Bank for the account
      of
      such Borrower (excluding any portion thereof attributable to unreimbursed LC
      Disbursements) during the period from and including the Closing Date (or, in
      the
      case of an Illinois Utility, its Accession Date) to but excluding the later
      of
      the date of termination of such Issuing Bank’s LC Commitment and the date on
      which there ceases to be any LC Exposure attributable to Letters of Credit
      issued by such Issuing Bank, as well as each Issuing Bank’s standard fees with
      respect to the issuance, amendment, renewal or extension of any Letter of Credit
      issued by such Issuing Bank for the account of such Borrower or processing
      of
      drawings thereunder. LC Participation Fees and fronting fees accrued through
      and
      including the last day of March, June, September and December of each year
      shall
      be payable on the third Business Day following such last day, commencing on
      the
      first such date to occur after the Closing Date; provided
      that all
      such fees accrued for the account of any Borrower shall be payable on the
      Availability Termination Date for such Borrower and any such fees accruing
      after
      the Availability Termination Date for such Borrower shall be payable on demand.
      Any other fees payable to an Issuing Bank pursuant to this paragraph shall
      be
      payable promptly upon receipt of an invoice therefor.

     

    2.8.3
        Termination
      of and Reductions in Aggregate Commitment and Borrower Sublimits.
      The
      Aggregate Commitment and the Commitment of each Lender will automatically
      terminate on the Maturity Date. The Company may permanently reduce the Aggregate
      Commitment and each Borrower, or the Company on its behalf, may permanently
      reduce its respective Borrower Sublimit, in whole or in part, ratably among
      the
      Lenders in integral multiples of $5,000,000, upon at least ten (10) Business
      Days’ written notice to the Agent, which notice shall specify the amount of any
      such reduction, provided, however,
      that (i)
      the amount of the Aggregate Commitment may not be reduced below the
      Aggregate Revolving Credit Exposure and (ii) the 

     

    
      
        
        

      

      
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    Borrower
      Sublimit of any Borrower may not be reduced below the Borrower Credit Exposure
      of such Borrower.

     

    2.9.  Minimum
      Amount of Each Advance.
      Each
      Eurodollar Advance shall be in the minimum amount of $5,000,000 (and in
      multiples of $1,000,000 if in excess thereof), and each Floating Rate Advance
      shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000
      if
      in excess thereof), provided, however,
      that (i)
      any Floating Rate Advance may be in the amount of the Available Aggregate
      Commitment and (ii)  any Floating Rate Advance to a Borrower may be in the
      amount equal to the lesser of the Available Aggregate Commitment and the amount
      by which the Borrower Sublimit of such Borrower exceeds the Borrower Credit
      Exposure of such Borrower

     

    2.10.  Optional
      Principal Payments.
      Each
      Borrower may from time to time pay, without penalty or premium, all outstanding
      Floating Rate Advances of such Borrower, or any portion of such outstanding
      Floating Rate Advances, in a minimum aggregate amount of $5,000,000 or any
      integral multiple of $1,000,000 in excess thereof, upon one (1) Business Day’s
      prior notice to the Agent. Each Borrower may from time to time pay, subject
      to
      the payment of any funding indemnification amounts required by Section 3.4
      but
      without penalty or premium, all outstanding Eurodollar Advances of such
      Borrower, or, in a minimum aggregate amount of $5,000,000 or any integral
      multiple of $1,000,000 in excess thereof, any portion of such outstanding
      Eurodollar Advances upon three (3) Business Days’ prior notice to the
      Agent.

     

    2.11.  Method
      of Selecting Types and Interest Periods for New Revolving
      Advances.
      The
      applicable Borrower shall select the Type of each Revolving Advance and, in
      the
      case of each Revolving Eurodollar Advance, the Interest Period applicable
      thereto; provided
      that
      there shall be no more than (a) five (5) Interest Periods in effect with respect
      to all of the Revolving Loans of any single Borrower at any time or (b) fifteen
      (15) Interest Periods in effect with respect to all of the Revolving Loans
      of
      all the Borrowers at any time, unless such limit has been waived by the Agent
      in
      its sole discretion. The applicable Borrower shall give the Agent irrevocable
      notice (a “Borrowing Notice”) not later than 11:00 a.m. (New York time) on the
      Borrowing Date of each Revolving Floating Rate Advance and three Business Days
      before the Borrowing Date for each Revolving Eurodollar Advance,
      specifying:

     

    
      	(i)  	
              the
                Borrower requesting such Borrowing,

            

    

     

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

            

    

     

    
      	(iii)  	
              the
                aggregate amount of such Advance,

            

    

     

    
      	(iv)  	
              the
                Type of Advance selected, and

            

    

     

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

            

    

     

    The
      Agent
      shall provide written notice of each request for borrowing under this Section
      2.11 by 11:00 a.m. (New York time) (or, if later, within one hour after receipt
      of the applicable Borrowing Notice from such Borrower) on each Borrowing Date
      for each Floating Rate Advance or on the third Business Day prior to each
      Borrowing Date for each Eurodollar Advance, as applicable. Not later than 1:00
      p.m. (New York time) on each Borrowing Date, each Lender 

     

    
      
        
        

      

      
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    shall
      make available its Revolving Loan or Revolving Loans in Federal or other funds
      immediately available in New York to the Agent at its address specified
      pursuant to Article XIII. The Agent will promptly make the funds so received
      from the Lenders available to such Borrower at the Agent’s aforesaid
      address.

     

    2.12.  Conversion
      and Continuation of Outstanding Revolving Advances; No Conversion or
      Continuation of Revolving Eurodollar Advances After Default.
      Revolving Floating Rate Advances shall continue as Floating Rate Advances unless
      and until such Revolving Floating Rate Advances are converted into Revolving
      Eurodollar Advances pursuant to this Section 2.12 or are repaid in accordance
      with Section 2.10. Each Revolving Eurodollar Advance shall continue as a
      Eurodollar Advance until the end of the then applicable Interest Period
      therefor, at which time such Revolving Eurodollar Advance shall be automatically
      converted into a Revolving Floating Rate Advance unless (x) such Revolving
      Eurodollar Advance is or was repaid in accordance with Section 2.10 or (y)
      the
      applicable Borrower shall have given the Agent a Conversion/Continuation Notice
      (as defined below) requesting that, at the end of such Interest Period, such
      Revolving Eurodollar Advance continue as a Revolving Eurodollar Advance for
      the
      same or another Interest Period. Subject to the terms of Section 2.9, a Borrower
      may elect from time to time to convert all or any part of a Revolving Advance
      of
      any Type into any other Type or Types of Advances; provided
      that any
      conversion of any Revolving Eurodollar Advance shall be made on, and only on,
      the last day of the Interest Period applicable thereto. Notwithstanding anything
      to the contrary contained in this Section 2.12, during the continuance of a
      Default or an Unmatured Default with respect to a Borrower, the Agent may (or
      shall at the direction of the Required Lenders), by notice to such Borrower,
      declare that no Revolving Advance of such Borrower may be made, converted or
      continued as a Eurodollar Advance. The applicable Borrower shall give the Agent
      irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a
      Revolving Advance or continuation of a Revolving Eurodollar Advance not later
      than 11:00 a.m. (New York time) at least one (1) Business Day, in the case
      of a
      conversion into a Revolving Floating Rate Advance, or three (3) Business Days,
      in the case of a conversion into or continuation of a Revolving Eurodollar
      Advance, prior to the date of the requested conversion or continuation,
      specifying:

     

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

            

    

     

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

            

    

     

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

            

    

     

    This
      Section shall not apply to Swingline Loans, which may not be converted or
      continued.

     

    2.13.   Interest
      Rates, etc.
      Each
      Floating Rate Advance shall bear interest on the outstanding principal amount
      thereof, for each day from and including the date such Advance is made or is
      automatically converted from a Eurodollar Advance into a Floating Rate Advance
      pursuant to Section 2.12, to but excluding the date it is paid or is converted
      into a Eurodollar Advance pursuant to Section 2.12, at a rate per annum equal
      to
      the Floating Rate for such day. Changes in the rate of interest on that portion
      of any Advance maintained as a Floating Rate 

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

     

    Advance
      will take effect simultaneously with each change in the Alternate Base Rate.
      Each Eurodollar Advance shall bear interest on the outstanding principal amount
      thereof from and including the first day of each Interest Period applicable
      thereto to (but not including) the earlier of the last day of such Interest
      Period or the date it is paid in accordance with Section 2.10 at the Eurodollar
      Rate determined by the Agent as applicable to such Eurodollar Advance based
      upon
      the applicable Borrower’s selections under Sections 2.11 and 2.12 and otherwise
      in accordance with the terms hereof.

     

    2.14.  Rates
      Applicable After Default.
      During
      the continuance of a Default with respect to any Borrower, the Required Lenders
      may, at their option, by notice to such Borrower (which notice may be revoked
      at
      the option of the Required Lenders notwithstanding any provision of
      Section 8.2 requiring unanimous consent of the Lenders to changes in
      interest rates), declare that (i) each Eurodollar Advance shall bear interest
      for the remainder of the applicable Interest Period at the rate otherwise
      applicable during such Interest Period plus 2% per annum and (ii) each Floating
      Rate Advance shall bear interest at a rate per annum equal to the Floating
      Rate
      in effect from time to time plus 2% per annum, provided
      that,
      during the continuance of a Default with respect to any Borrower under Section
      7.6 or 7.7, the interest rates set forth in clauses (i) and (ii) above shall
      be
      applicable to all Advances, fees and other Obligations of such Borrower
      hereunder without any election or action on the part of the Agent or any
      Lender. 

     

    2.15.  Funding
      of Loans; Method of Payment.
      All
      payments of the Obligations hereunder shall be made, without setoff, deduction
      or counterclaim, in immediately available funds to the Agent at the Agent’s
      address specified pursuant to Article XIII, or at any other Lending Installation
      of the Agent specified in writing by the Agent, by 12:00 noon (New York time)
      on
      the date when due and shall be applied ratably by the Agent among the Lenders.
      Each payment delivered to the Agent for the account of any Lender shall be
      delivered promptly by the Agent to such Lender in the same type of funds that
      the Agent received at its address specified pursuant to Article XIII or at
      any
      Lending Installation specified in a notice received by the Agent from such
      Lender. The Agent is hereby authorized to charge the account of any Borrower
      maintained with JPMCB for each payment of principal, interest and fees owed
      by
      such Borrower as it becomes due hereunder.

     

    2.16.  Noteless
      Agreement; Evidence of Indebtedness.
      (i) Each
      Lender shall maintain in accordance with its usual practice an account or
      accounts evidencing the indebtedness of each Borrower to such Lender resulting
      from each Loan made by such Lender to such Borrower from time to time, including
      the amounts of principal and interest payable and paid to such Lender from
      time
      to time hereunder.

     

    
      	(ii)  	
              The
                Agent shall also maintain accounts in which it will record (a) the
                date
                and the amount of each Loan made to each Borrower hereunder, the
                Type
                thereof and the Interest Period (in the case of a Eurodollar Advance)
                with
                respect thereto, (b) the amount of any principal or interest due
                and
                payable or to become due and payable from each Borrower to each Lender
                hereunder, (c) the effective date and amount of each Assignment Agreement
                delivered to and accepted by it pursuant to Section 12.3 and the
                parties
                thereto, (d) the amount of any sum received by the Agent hereunder
                from
                each Borrower and each Lender’s share thereof, and (e) all
                

            

    

     

    
      
        
        

      

      
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    other
      appropriate debits and credits as provided in
      this Agreement, including, without limitation, all fees, charges, expenses
      and
      interest.

     

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

            

    

     

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

            

    

     

    2.17.  Telephonic
      Notices.
      Each
      Borrower hereby authorizes the Lenders and the Agent to extend, convert or
      continue Advances, effect selections of Types of Advances and to transfer funds
      based on telephonic notices made by any person or persons the Agent or any
      Lender in good faith believes to be acting on behalf of such Borrower, it being
      understood that the foregoing authorization is specifically intended to allow
      Borrowing Notices and Conversion/Continuation Notices to be given
      telephonically. Each Borrower agrees to deliver promptly to the Agent a written
      confirmation, signed by an Authorized Officer, if such confirmation is requested
      by the Agent or any Lender, of each telephonic notice. If the written
      confirmation differs in any material respect from the action taken by the Agent
      and the Lenders, the records of the Agent and the Lenders shall govern absent
      manifest error. 

     

    2.18.  Interest
      Payment Dates; Interest and Fee Basis.
      Interest accrued on each Floating Rate Advance shall be payable in arrears
      on
      each Payment Date, commencing with the first such date to occur after the
      Closing Date, on any date on which such Floating Rate Advance is prepaid,
      whether due to acceleration or otherwise, and at maturity. Interest accrued
      on
      that portion of the outstanding principal amount of any Floating Rate Advance
      converted into a Eurodollar Advance on a day other than a Payment Date shall
      be
      payable on the date of conversion. Interest accrued on each Eurodollar Advance
      shall be payable on the last day of each applicable Interest Period, on any
      date
      on which the Eurodollar Advance is prepaid, whether by acceleration or
      otherwise, and at maturity. Interest accrued on each Eurodollar Advance having
      an Interest Period longer than three months shall also be payable on the last
      day of each three-month interval during such Interest Period. Interest accrued
      on each Swingline Loan shall be payable on the day that such Loan is required
      to
      be repaid. Interest accrued on any Advance that is not paid when due shall
      be
      payable on demand and on the date of payment in full. Interest on Eurodollar
      Advances and fees hereunder shall be calculated for actual days elapsed on
      the
      basis of a 360-day year. Interest on Floating Rate Advances shall be calculated
      for actual days elapsed on the basis of a 365/366-day year. Interest shall
      be
      payable for the day 

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

     

    an
      Advance is made but not for the day of any payment on the amount paid if payment
      is received prior to 12:00 noon (New York time) at the place of payment. If
      any
      payment of principal of or interest on an Advance, any fees or any other amounts
      payable to the Agent or any Lender hereunder shall become due on a day which
      is
      not a Business Day, such payment shall be made on the next succeeding Business
      Day and, in the case of principal payment, such extension of time shall be
      included in computing interest, fees and commissions in connection with such
      payment.

     

    2.19.  Notification
      of Advances, Interest Rates, Prepayments and Commitment Reductions; Availability
      of Loans.
      Promptly after receipt thereof, the Agent will notify each Lender in writing
      of
      the contents of each Aggregate Commitment or Borrower Sublimit reduction notice,
      Borrowing Notice, Conversion/Continuation Notice, and repayment notice received
      by it hereunder. The Agent will notify the applicable Borrower and each Lender
      of the interest rate applicable to each Revolving Eurodollar Advance promptly
      upon determination of such interest rate and will give each Borrower and each
      Lender prompt notice of each change in the Alternate Base Rate.

     

    2.20.  Lending
      Installations.
      Each
      Lender may book its Loans at any Lending Installation selected by such Lender
      and may change its Lending Installation from time to time. All terms of this
      Agreement shall apply to any such Lending Installation and the Loans and any
      Notes issued hereunder shall be deemed held by each Lender for the benefit
      of
      any such Lending Installation. Each Lender may, by written notice to the Agent
      and the Borrowers in accordance with Article XIII, designate replacement or
      additional Lending Installations through which Loans will be made by it and
      for
      whose account Loan payments are to be made.

     

    2.21.  Non-Receipt
      of Funds by the Agent.
      Unless
      the applicable Borrower or a Lender, as the case may be, notifies the Agent
      prior to the date (or, in the case of a Lender with respect to a Revolving
      Floating Rate Advance under Section 2.11, prior to the time) on which it is
      scheduled to make payment to the Agent of (i) in the case of a Lender, the
      proceeds of a Loan or any payment under Section 2.5(d) or 2.6(e) or (ii) in
      the
      case of a Borrower, a payment of principal, interest or fees to the Agent for
      the account of the Lenders, that it does not intend to make such payment, the
      Agent may assume that such payment has been made. The Agent may, but shall
      not
      be obligated to, make the amount of such payment available to the intended
      recipient in reliance upon such assumption. If such Lender or such Borrower,
      as
      the case may be, has not in fact made such payment to the Agent, the recipient
      of such payment shall, on demand by the Agent, repay to the Agent the amount
      so
      made available together with interest thereon in respect of each day during
      the
      period commencing on the date such amount was so made available by the Agent
      until the date the Agent recovers such amount at a rate per annum equal to
      (x)
      in the case of payment by a Lender, the Federal Funds Effective Rate for such
      day for the first three days and, thereafter, the interest rate applicable
      to
      the relevant Loan or (y) in the case of payment by a Borrower, the interest
      rate
      applicable to the relevant Loan.

     

    2.22.  Replacement
      of Lender.
      If any
      Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any additional
      payment to any Lender or if any Lender’s obligation to make or continue, or to
      convert Floating Rate Advances into, Eurodollar Advances shall be suspended
      pursuant to Section 3.3 (any Lender so affected an “Affected Lender”), the
      Borrowers may elect, if such amounts continue to be charged or such suspension
      is still effective, to terminate or 

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

     

    replace
      the Commitment of such Affected Lender, provided
      that no
      Default or Unmatured Default shall have occurred and be continuing at the time
      of such termination or replacement, and provided further
      that,
      concurrently with such termination or replacement, (i) if the Affected Lender
      is
      being replaced, another bank or other entity which is reasonably satisfactory
      to
      the Borrowers and the Agent shall agree, as of such date, to purchase for cash
      at face amount the Revolving Credit Exposure of the Affected Lender pursuant
      to
      an Assignment Agreement substantially in the form of Exhibit C and to become
      a
      Lender for all purposes under this Agreement and to assume all obligations
      of
      the Affected Lender to be terminated as of such date and to comply with the
      requirements of Section 12.3 applicable to assignments, and (ii) each Borrower
      shall pay to such Affected Lender in immediately available funds on the day
      of
      such replacement (A) all interest, fees and other amounts then accrued but
      unpaid to such Affected Lender by such Borrower hereunder to and including
      the
      date of termination, including without limitation payments due to such Affected
      Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to
      the
      payment which would have been due to such Lender on the day of such replacement
      under Section 3.4 had the Loans of such Affected Lender been prepaid on such
      date rather than sold to the replacement Lender, in each case to the extent
      not
      paid by the purchasing lender and (iii) if the Affected Lender is being
      terminated, each Borrower shall pay to such Affected Lender all Obligations
      due
      from such Borrower to such Affected Lender (including the amounts described
      in
      the immediately preceding clauses (i) and (ii) plus the outstanding principal
      balance of such Affected Lender’s Advances and the amount of such Lender’s
      funded participations in unreimbursed LC Disbursements). Notwithstanding the
      foregoing, the Borrowers may not terminate the Commitment of an Affected Lender
      if, after giving effect to such termination, (x) the Aggregate Revolving
      Credit Exposure would exceed the Aggregate Commitment, or (y) the Borrower
      Credit Exposure of any Borrower would exceed the Borrower Sublimit of such
      Borrower.

     

    ARTICLE
      III  

     

    YIELD
      PROTECTION; TAXES

     

    3.1.  Yield
      Protection.
      If, on
      or after the Closing Date, the adoption of any law or any governmental or
      quasi-governmental rule, regulation, policy, guideline or directive (whether
      or
      not having the force of law), or any change in any such law, rule, regulation,
      policy, guideline or directive or in the interpretation or administration
      thereof by any governmental or quasi-governmental authority, central bank or
      comparable agency charged with the interpretation or administration thereof,
      or
      compliance by any Lender or applicable Lending Installation with any request
      or
      directive (whether or not having the force of law) of any such authority,
      central bank or comparable agency:

     

    3.1.1
        subjects
      any Lender or any applicable Lending Installation to any Taxes, or changes
      the
      basis of taxation of payments (other than with respect to Excluded Taxes) to
      any
      Lender in respect of its Eurodollar Loans, or

     

    
      
        
        

      

      
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    3.1.2
        imposes
      or increases or deems applicable any reserve, assessment, insurance charge,
      special deposit or similar requirement against assets of, deposits with or
      for
      the account of, or credit extended by, any Lender or any applicable Lending
      Installation (other than reserves and assessments taken into account in
      determining the interest rate applicable to Eurodollar Advances),
      or

     

    3.1.3
        imposes
      any other condition the result of which is to increase the cost to any Lender
      or
      any applicable Lending Installation of making, funding or maintaining its
      Commitment or Eurodollar Loans or reduces any amount receivable by any Lender
      or
      any applicable Lending Installation in connection with its Commitment or
      Eurodollar Loans or requires any Lender or any applicable Lending Installation
      to make any payment calculated by reference to the amount of Commitment or
      Eurodollar Loans held or interest received by it, by an amount deemed material
      by such Lender,

     

    and
      the
      result of any of the foregoing is to increase the cost to such Lender or
      applicable Lending Installation of making or maintaining its Commitment or
      Eurodollar Loans or to reduce the return received by such Lender or applicable
      Lending Installation in connection with such Commitment or Eurodollar Loans,
      then, within 15 days of demand, accompanied by the written statement required
      by
      Section 3.6, by such Lender, the Borrowers shall pay such Lender such additional
      amount or amounts as will compensate such Lender for such increased cost or
      reduction in amount received.

     

    3.2.  Changes
      in Capital Adequacy Regulations.
      If a
      Lender determines the amount of capital required or expected to be maintained
      by
      such Lender, any Lending Installation of such Lender or any corporation
      controlling such Lender is increased as a result of a Change, then, within
      15
      days of demand, accompanied by the written statement required by Section 3.6,
      by
      such Lender, the Borrowers shall pay such Lender the amount necessary to
      compensate for any shortfall in the rate of return on the portion of such
      increased capital which such Lender determines is attributable to this
      Agreement, its Revolving Credit Exposure or its Commitment hereunder (after
      taking into account such Lender’s policies as to capital adequacy). “Change”
means (i) any change after the Closing Date in the Risk-Based Capital Guidelines
      or (ii) any adoption of, or change in, or change in the interpretation or
      administration of any other law, governmental or quasi-governmental rule,
      regulation, policy, guideline, interpretation, or directive (whether or not
      having the force of law) after the Closing Date which affects the amount of
      capital required or expected to be maintained by any Lender or any Lending
      Installation or any corporation controlling any Lender. “Risk-Based Capital
      Guidelines” means (i) the risk-based capital guidelines in effect in the United
      States on the Closing Date, including transition rules, and (ii) the
      corresponding capital regulations promulgated by regulatory authorities outside
      the United States implementing the July 1988 report of the Basle Committee
      on
      Banking Regulation and Supervisory Practices Entitled “International Convergence
      of Capital Measurements and Capital Standards,” including transition rules, and
      any amendments to such regulations adopted prior to the Closing
      Date.

     

    3.3.  Availability
      of Types of Advances.
      If (x)
      any Lender determines that maintenance of its Eurodollar Loans at a suitable
      Lending Installation would violate any 

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

    applicable
      law, rule, regulation, or directive, whether or not having the force of law,
      or
      (y) the Required Lenders determine that (i) deposits of a type and maturity
      appropriate to match fund Eurodollar Advances are not available or (ii) the
      interest rate applicable to Eurodollar Advances does not accurately reflect
      the
      cost of making or maintaining Eurodollar Advances, or (iii) no reasonable basis
      exists for determining the Eurodollar Base Rate, then the Agent shall suspend
      the availability of Eurodollar Advances and require any affected Eurodollar
      Advances to be repaid or converted to Floating Rate Advances on the respective
      last days of the then current Interest Periods with respect to such Loans or
      within such earlier period as required by law, subject to the payment of any
      funding indemnification amounts required by Section 3.4.

     

    3.4.  Funding
      Indemnification.
      If any
      payment of a Eurodollar Advance occurs on a date which is not the last day
      of
      the applicable Interest Period, whether because of acceleration, prepayment
      or
      otherwise, or a Eurodollar Advance is not made or continued, a Floating Rate
      Advance is not converted into a Eurodollar Advance, on the date specified by
      the
      applicable Borrower for any reason other than default by the Lenders, or a
      Eurodollar Advance is not prepaid on the date specified by such Borrower for
      any
      reason, such Borrower will indemnify each Lender for any loss or cost incurred
      by it resulting therefrom, including, without limitation, any loss or cost
      in
      liquidating or employing deposits acquired to fund or maintain such Eurodollar
      Advance.

     

    3.5.  Taxes.

     

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

            

    

     

    
      	(ii)  	
              In
                addition, the Borrowers severally agree to pay any present or future
                stamp
                or documentary taxes and any other excise or property taxes, charges
                or
                similar levies which arise from any payment made hereunder or under
                any
                Note or from the execution or delivery of, or otherwise with respect
                to,
                this Agreement or any Note (“Other
                Taxes”).

            

    

     

    
      	(iii)  	
              The
                Borrowers shall indemnify the Agent and each Lender for the full
                amount of
                Taxes or Other Taxes (including, without limitation, any Taxes or
                Other
                Taxes imposed on amounts payable under this Section 3.5) paid by
                the Agent
                or such Lender and any liability (including penalties, interest and
                expenses) arising  

            

    

     

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

     

    therefrom
      or with respect thereto. Payments due under
      this indemnification shall be made within 30 days of the date the Agent or
      such
      Lender makes demand therefor pursuant to Section 3.6.

     

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

            

    

     

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

            

    

     

    
      	(vi)  	
              Any
                Lender that is entitled to an exemption from or reduction of withholding
                tax with respect to payments under this Agreement or any Note pursuant
                to
                the law of 

            

    

     

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

     

    any
      relevant jurisdiction or any treaty shall deliver
      to the Borrowers (with a copy to the Agent), at the time or times prescribed
      by
      applicable law, such properly completed and executed documentation prescribed
      by
      applicable law as will permit such payments to be made without withholding
      or at
      a reduced rate.

     

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

            

    

     

    3.6.  Lender
      Statements; Survival of Indemnity.
      Each
      Lender shall deliver a written statement of such Lender to the applicable
      Borrower (with a copy to the Agent and each applicable Borrower) as to the
      amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement
      shall set forth in reasonable detail the calculations upon which such Lender
      determined such amount and shall be final, conclusive and binding on such
      Borrower in the absence of manifest error, and upon reasonable request of such
      Borrower, such Lender shall promptly provide supporting documentation describing
      and/or evidence of the applicable event giving rise to such amount to the extent
      not inconsistent with such Lender’s policies or applicable law. Determination of
      amounts payable under such Sections in connection with a Eurodollar Loan shall
      be calculated as though each Lender funded its Eurodollar Loan through the
      purchase of a deposit of the type, currency and maturity corresponding to the
      deposit used as a reference in determining the Eurodollar Rate applicable to
      such Loan, whether in fact that is the case or not. Unless otherwise provided
      herein, the amount specified in the written statement of any Lender shall be
      payable on demand after receipt by the applicable Borrower of such written
      statement. The obligations of each Borrower under Sections 3.1, 3.2, 3.4 and
      3.5
      shall survive payment of the Obligations and termination of this
      Agreement.

     

    3.7.  Alternative
      Lending Installation. To
      the
      extent reasonably possible, each Lender shall designate an alternate Lending
      Installation with respect to its Eurodollar Loans to reduce any liability of
      the
      Borrowers to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the
      unavailability of Eurodollar Advances under Section 3.3, so long as such
      designation is not, in the judgment of such Lender, disadvantageous to such
      Lender. A Lender’s designation of an alternative Lending Installation shall not
      affect the Borrowers’ rights under Section 2.22 to replace a
      Lender.

     

    3.8.  Allocation
      of Amounts Payable Among Borrowers.
      Each
      amount payable by “the Borrowers” under this Article shall be an obligation of,
      and shall be discharged (a) to the extent 

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

     

    arising
      out of acts, events and circumstances related to a particular Borrower, by
      such
      Borrower and (b) otherwise, by all the Illinois Utilities and all the
      Borrowers, with each of them being severally liable for its Contribution
      Percentage of such amount.

     

    
      ARTICLE
        IV  

    

     

    CONDITIONS
      PRECEDENT

     

    4.1.  Closing
      Date.
      The
      Closing Date shall occur and the Credit Agreement shall become effective on
      the
      date on which each of the following conditions precedent is satisfied (or waived
      in accordance with Section 8.2) and the Borrowers and Illinois Utilities deliver
      to the Agent the items specified below:

     

    4.1.1
        Copies
      of
      the articles or certificate of incorporation of each Borrower, together with
      all
      amendments thereto, certified by the secretary or an assistant secretary of
      such
      Borrower, and a certificate of good standing with respect to each Borrower
      from
      the appropriate governmental officer in its jurisdiction of
      incorporation.

     

    4.1.2
        Copies,
      certified by the Secretary or Assistant Secretary of each Borrower, of its
      by-laws and of its Board of Directors’ resolutions and of resolutions or actions
      of any other body authorizing the execution of the Loan Documents to which
      such
      Borrower is a party.

     

    4.1.3
        An
      incumbency certificate, executed by the Secretary or Assistant Secretary of
      each
      Borrower, which shall identify by name and title and bear the signatures of
      the
      Authorized Officers and any other officers of such Borrower authorized to sign
      the Loan Documents to which such Borrower is a party, upon which certificate
      the
      Agent and the Lenders shall be entitled to rely until informed of any change
      in
      writing by such Borrower.

     

    4.2.  Effectiveness
      of Lender Obligations as to Resources and CILCORP.
      The
      obligations of the Lenders and the Issuing Banks to make Credit Extensions
      hereunder to Resources or CILCORP shall not become effective until the date
      on
      which each of the following conditions precedent with respect to such Borrower
      is satisfied (or waived in accordance with Section 8.2) and such Borrower
      delivers to the Agent the items specified below:any relevant jurisdiction or
      any
      treaty shall deliver to the Borrowers (with a copy to the Agent), at the time
      or
      times prescribed by applicable law, such properly completed and executed
      documentation prescribed by applicable law as will permit such payments to
      be
      made without withholding or at a reduced rate.

     

    4.2.1
        A
      certificate, signed by the Chairman, Chief Executive Officer, President,
      Executive Vice President, Chief Financial Officer, any Senior Vice President,
      any Vice President or the Treasurer of such Borrower, stating that on the
      Closing Date (a) no Default or Unmatured Default in respect of such Borrower
      has
      occurred and is continuing, and (b) all of the representations and warranties
      of
      such Borrower in Article V and in each Collateral Document to which such
      Borrower is a party shall be true and correct in all material respects as of
      such date except to the extent any such 

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    representation
      or warranty is stated to relate solely to an earlier date, in which case such
      representation or warranty shall have been true and correct on and as of such
      earlier date.

     

    4.2.2
        Written
      opinions of such Borrower’s counsel, in form and substance satisfactory to the
      Agent and addressed to the Lenders, in substantially the form of Exhibits A.1
      and A.2, and the written opinion of counsel for the Illinois Utilities, in
      form
      and substance satisfactory to the Agent and addressed to the Lenders, in
      substantially the form of Exhibit A.3.

     

    4.2.3
        Delivery
      of copies of such Borrower’s required regulatory authorizations identified on
      Schedule 4, if any.

     

    4.2.4
        Any
      Notes
      of such Borrower requested by Lenders pursuant to Section 2.16 payable to the
      order of each such requesting Lender.

     

    4.2.5
        Written
      money transfer instructions of such Borrower, in substantially the form of
      Exhibit D.4 or D.5, as applicable, addressed to the Agent and signed by an
      Authorized Officer, together with such other related money transfer
      authorizations as the Agent may have reasonably requested.

     

    4.2.6
        All
      documentation and other information that any Lender shall reasonably have
      requested in respect of such Borrower in order to comply with its ongoing
      obligations under applicable “know your customer” and anti-money laundering
      rules and regulations, including the USA Patriot Act.

     

    4.2.7
        In
      the
      case of Resources, the Agent shall have received (i) counterparts of the
      Resources Collateral Agency Agreement Supplement, (ii) a policy or policies
      of
      title insurance (or down date endorsement to existing policy or policies) issued
      by a nationally recognized title insurance company insuring the Lien of each
      such Resources Mortgage (for an amount, taken together with the amount of such
      policy or policies delivered in respect of the Existing Credit Agreement, not
      less than the sum of the Borrower Sublimit of Resources hereunder and the
      Borrower Sublimit of Resources thereunder) as a valid first Lien on the
      Resources Mortgaged Property described therein, free of any other Liens except
      as expressly permitted by the applicable Resources Mortgage, together with
      such
      endorsements, coinsurance and reinsurance as the Agent may reasonably request,
      and (iii) such surveys, abstracts, legal opinions, abstracts of title and other
      documents as the Agent may reasonably request with respect to any such Resources
      Mortgage or Resources Mortgaged Property.

     

    4.2.8
        In
      the
      case of CILCORP, the Agent shall have received from CILCORP a counterpart of
      the
      CILCORP Pledge Agreement Supplement duly executed and delivered on behalf of
      CILCORP and evidence that upon receipt of such counterpart the Obligations
      of
      CILCORP shall be “Additional Debt Obligations” under the CILCORP Pledge
      Agreement.

     

    
      
        
        

      

      
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    4.2.9
        Such
      other documents as any Lender or its counsel may have reasonably
      requested.

     

    4.3.  Accession
      Dates.
      The
      Accession Date for any Illinois Utility shall not occur, and the obligations
      of
      the Lenders and the Issuing Banks to make Credit Extensions hereunder to such
      Illinois Utility shall not become effective, until the date on which each of
      the
      following conditions precedent is satisfied (or waived in accordance with
      Section 8.2) with respect to such Illinois Utility and such Illinois Utility
      delivers to the Agent the items specified below:

     

    4.3.1
        A
      certificate, signed by the Chairman, Chief Executive Officer, President,
      Executive Vice President, Chief Financial Officer, any Senior Vice President,
      any Vice President or the Treasurer of such Illinois Utility, stating that
      on
      the applicable Accession Date (a) no Default or Unmatured Default in respect
      of
      such Illinois Utility has occurred and is continuing (with compliance with
      Section 6.12.2 being determined for purposes of this Section 4.3.1 as if Section
      6.12.2 were applicable to such Illinois Utility on and after the Closing Date),
      and no “Default” or “Unmatured Default” with respect to such Illinois Utility
      has occurred and is continuing under the Existing Credit Agreement on such
      date,
      and (b) all of the representations and warranties of such Illinois Utility
      in
      Article V and in each Collateral Document to which such Illinois Utility is
      a
      party shall be true and correct in all material respects as of such date except
      to the extent any such representation or warranty is stated to relate solely
      to
      an earlier date, in which case such representation or warranty shall have been
      true and correct on and as of such earlier date.

     

    4.3.2
        Written
      opinions of such Illinois Utility’s counsel, in form and substance satisfactory
      to the Agent and addressed to the Lenders, in substantially the form of Exhibits
      A.4 and A.5.

     

    4.3.3
        Delivery
      of copies of such Illinois Utility’s required regulatory authorizations
      identified on Schedule 4.

     

    4.3.4
        Any
      Notes
      of such Illinois Utility requested by Lenders pursuant to Section 2.16 payable
      to the order of each such requesting Lender.

     

    4.3.5
        Written
      money transfer instructions of such Illinois Utility, in substantially the
      form
      of Exhibit D.1, D.2 or D.3, as applicable, addressed to the Agent and signed
      by
      an Authorized Officer, together with such other related money transfer
      authorizations as the Agent may have reasonably requested.

     

    4.3.6
        In
      the
      case of CILCO, the Agent shall have received:

     

    (i)
      A
      certificate of a duly authorized officer of CILCO stating either (A) the amount
      of CILCO’s Borrower Sublimit as of the Accession Date and that CILCO Credit
      Agreement Bonds in an aggregate principal amount not less than such Borrower
      Sublimit as of the Accession Date have been delivered to the Agent under the
      CILCO 

     

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

     

    Bond
      Delivery Agreement or (b) that CILCO has elected as of the Accession Date not
      to
      reduce its “Borrower Sublimit” under the Existing Credit Agreement and
      accordingly the CILCO Borrower Sublimit hereunder is zero and no CILCO Credit
      Agreement Bonds are required to be delivered hereunder as of such Accession
      Date.

    

    (ii)
      A
      certificate of a duly authorized officer of the CILCO Trustee, certifying that
      CILCO Credit Agreement Bonds, if any, in an aggregate amount specified in the
      certificate delivered under Section 4.3.6(i)(A), have been authenticated and
      are
      outstanding under the CILCO Indenture.

    

    (iii)
      A
      certificate of a duly authorized officer of CILCO certifying that (x) the
      certificate delivered in respect of the CILCO Indenture and supplemental
      indentures to the Agent on the “Accession Date” for CILCO under the Existing
      Credit Agreement remains true, correct and complete, except as specified in
      the
      certificate delivered on the Accession Date, and (y) attached thereto is (A)
      a
      true, correct and complete copy of the CILCO Supplemental Indenture, (B) if
      any
      amendment, supplement or other modification has been made to the CILCO Indenture
      since the delivery of such prior certificate, a true, correct and complete
      copy
      of each such amendment, supplement or other modification, and (C) a listing
      of
      each supplemental indenture that has come into effect or has ceased to be in
      effect since the delivery of such prior certificate.

    

    (iv)
      The
      CILCO Bond Delivery Agreement, executed and delivered by CILCO and, if
      applicable, the certificate required by Exhibit A thereto.

    

    (v)
      Evidence that, after giving effect to the issuance of the CILCO Credit Agreement
      Bonds, if any, there is issuance availability in an amount not less than the
      CILCO Minimum Bonding Capacity under the CILCO Indenture (giving effect to
      any
      applicable “net earnings certificate” requirement) based upon “property
      additions” (as defined in the CILCO Indenture) or upon bonds that have been
      paid, retired, redeemed, canceled or surrendered for cancelation.

    

    4.3.7
        In
      the
      case of CIPS, the Agent shall have received:

     

    (i)
      A
      certificate of a duly authorized officer of CIPS stating either (A) the amount
      of CIPS’ Borrower Sublimit as of the Accession Date and that CIPS Credit
      Agreement Bonds in an aggregate principal amount not less than such Borrower
      Sublimit as of the Accession Date have been delivered to the Agent under the
      CIPS Bond Delivery Agreement or (b) that CIPS has elected as of the Accession
      Date not to reduce its “Borrower Sublimit” under the Existing Credit Agreement

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

     

    and
      accordingly the CIPS Borrower Sublimit hereunder is zero and no CIPS Credit
      Agreement Bonds are required to be delivered hereunder as of such Accession
      Date.

    

    (ii)
      A
      certificate of a duly authorized officer of the CIPS Trustee, certifying that
      CIPS Credit Agreement Bonds, if any, in an aggregate amount specified in the
      certificate delivered under Section 4.3.7(i)(A), have been authenticated and
      are
      outstanding under the CIPS Indenture.

    

    (iii)
      A
      certificate of a duly authorized officer of CIPS certifying that (x) the
      certificate delivered in respect of the CIPS Indenture and supplemental
      indentures to the Agent on the “Accession Date” for CIPS under the Existing
      Credit Agreement remains true, correct and complete, except as specified in
      the
      certificate delivered on the Accession Date, and (y) attached thereto is (A)
      a
      true, correct and complete copy of the CIPS Supplemental Indenture, (B) if
      any
      amendment, supplement or other modification has been made to the CIPS Indenture
      since the delivery of such prior certificate, a true, correct and complete
      copy
      of each such amendment, supplement or other modification, and (C) a listing
      of
      each supplemental indenture that has come into effect or has ceased to be in
      effect since the delivery of such prior certificate.

    

    (iv)
      The
      CIPS Bond Delivery Agreement, executed and delivered by CIPS and, if applicable,
      the certificate required by Exhibit A thereto.

    

    (v)
      Evidence that, after giving effect to the issuance of the CIPS Credit Agreement
      Bonds, if any, there is issuance availability in an amount not less than the
      CIPS Minimum Bonding Capacity under the CIPS Indenture (giving effect to any
      applicable “net earnings” certificate requirement) based upon “bondable
      property” (as defined in the CIPS Indenture) or upon bonds that have been paid,
      canceled, redeemed or otherwise discharged.

    

    4.3.8
        In
      the
      case of IP, the Agent shall have received:

     

    (i)
      The
      IP Credit Agreement Bond in the aggregate principal amount equal to IP’s
      Borrower Sublimit as of the Accession Date.

    

    (ii)
      A
      certificate of a duly authorized officer of the IP Trustee, certifying that
      the
      IP Credit Agreement Bond has been authenticated and is outstanding under the
      IP
      Indenture.

    

    (iii)
      A
      certificate of a duly authorized officer of IP certifying that (x) the
      certificate delivered in respect of the IP Indenture and 

     

    
      
        
        

      

      
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    supplemental
      indentures to the Agent on the “Accession Date” for IP under the Existing Credit
      Agreement remains true, correct and complete, except as specified in the
      certificate delivered on the Accession Date, and (y) attached thereto is (A)
      a
      true, correct and complete copy of the IP Supplemental Indenture, (B) if any
      amendment, supplement or other modification has been made to the IP Indenture
      since the delivery of such prior certificate, a true, correct and complete
      copy
      of each such amendment, supplement or other modification, and (C) a listing
      of
      each supplemental indenture that has come into effect or has ceased to be in
      effect since the delivery of such prior certificate.

    

    (iv)
      The
      IP Bond Delivery Agreement, executed and delivered by IP.

    

    (v)
      Evidence that, after giving effect to the issuance of the IP Credit Agreement
      Bond, there is issuance availability in an amount not less than the IP Minimum
      Bonding Capacity under the IP Indenture (giving effect to any applicable “Net
      Earnings Certificate” requirement) based upon “Property Additions” or “Retired
      Bonds” (as such terms are defined in the IP Indenture).

    

    4.3.9
        No
      “Default” or “Unmatured Default” with respect to such Illinois Utility has
      occurred and is continuing under the Existing Credit Agreement on such
      date.

     

    4.3.10
        All
      documentation and other information that any Lender shall reasonably have
      requested in respect of such Illinois Utility in order to comply with its
      ongoing obligations under applicable “know your customer” and anti-money
      laundering rules and regulations, including the USA Patriot Act.

     

    4.4.  Each
      Credit Extension.
      The
      Lenders and the Issuing Banks shall not be required to make any Credit Extension
      to a Borrower unless on the applicable Credit Extension Date:

     

    4.4.1
        
      There
      exists no Default or Unmatured Default with respect to such Borrower and there
      exists no “Default” or “Unmatured Default” with respect to such Borrower under
      the Existing Credit Agreement.

     

    4.4.2
        The
      representations and warranties of such Borrower contained in Article V (other
      than, in the case of Loans all the proceeds of which are applied directly to
      repay maturing commercial paper of the Borrower thereof, the representations
      and
      warranties set forth in Section 5.5 and 5.7) and in each Collateral Document
      securing the Obligations of such Borrower to which the applicable Borrower
      or
      any of its Subsidiaries is party are true and correct as of such Credit
      Extension Date except to the extent any such representation or warranty is
      stated to relate solely to an earlier date, in which case such

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

    representation
      or warranty shall have been true and correct on and as of such earlier
      date.

     

    4.4.3
        All
      legal
      matters incident to the making of such Advance shall be satisfactory to the
      Lenders and their counsel.

     

    4.4.4
        All
      required regulatory authorizations of FERC and the Illinois Commerce Commission
      in respect of such Credit Extension shall have been obtained and shall be
      effective.

     

    Each
      Borrowing Notice or request for the issuance of a Letter of Credit with respect
      to each such Credit Extension shall constitute a representation and warranty
      by
      the applicable Borrower that the conditions contained in Sections 4.4.1, 4.4.2,
      4.4.3 and 4.4.4 have been satisfied. Any Lender or Issuing Bank may require
      a
      duly completed compliance certificate in substantially the form of Exhibit
      B as
      a condition to making a Credit Extension.

    

    4.5.  Increases
      of CILCO Credit Agreement Bonds.
      CILCO
      may increase the amount of the CILCO Credit Agreement Bonds after its Accession
      Date by delivering to the Agent on any Increase Date:

     

    (i)
      A
      certificate of a duly authorized officer of CILCO stating the amount of CILCO’s
      Borrower Sublimit as of the Increase Date, together with one or more CILCO
      Credit Agreement Bonds in an aggregate principal amount such that the aggregate
      principal amount of the CILCO Credit Agreement Bonds held by the Agent under
      the
      CILCO Bond Delivery Agreement shall be not less than such Borrower Sublimit
      as
      of the Increase Date.

    

    (ii)
      A
      certificate in the form of Exhibit A to the CILCO Bond Delivery Agreement
      evidencing the delivery to and acceptance by the Agent of the additional CILCO
      Credit Agreement Bonds as specified in Section 4.5(i).

    

    (iii)
      A
      certificate of a duly authorized officer of the CILCO Trustee, certifying that
      the CILCO Credit Agreement Bonds as so increased have been authenticated and
      are
      outstanding under the CILCO Indenture.

    

    (iv)
      A
      certificate of a duly authorized officer of CILCO certifying that (x) the
      certificate delivered under Section 4.3.6(iii) on CILCO’s Accession Date remains
      true, correct and complete, except as specified in the certificate delivered
      on
      the Increase Date, and (y) attached thereto is (A) if any amendment, supplement
      or other modification has been made to the CILCO Indenture since the delivery
      of
      such prior certificate, a true, correct and complete copy of each such
      amendment, supplement or other modification, and (B) a listing of 

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

    each
      supplemental indenture that has come into effect or has ceased to be in effect
      since the delivery of such prior certificate.

    

    (v)
      A
      certificate in the form of Exhibit A to the CILCO Bond Delivery Agreement in
      respect of such increase in the CILCO Credit Agreement Bonds, executed and
      delivered by CILCO and the Agent.

    

    (vi)
      Evidence that, after giving effect to such increase of the CILCO Credit
      Agreement Bonds, there is issuance availability in an amount not less than
      the
      CILCO Minimum Bonding Capacity under the CILCO Indenture (giving effect to
      any
      applicable “net earnings certificate” requirement) based upon “property
      additions” (as defined in the CILCO Indenture) or upon bonds that have been
      paid, retired, redeemed, canceled or surrendered for cancelation.

    

    (vii)
      Unless CILCO shall have issued a First Mortgage Bond to the Agent and become
      a
      Borrower on its Accession Date, on the first Increase Date for CILCO, a
      certificate, signed by the Chairman, Chief Executive Officer, President,
      Executive Vice President, Chief Financial Officer, any Senior Vice President,
      any Vice President or the Treasurer of such Illinois Utility, stating that
      on
      such Increase Date (a) no Default or Unmatured Default in respect of CILCO
      has
      occurred and is continuing (with compliance with Section 6.12.2 being determined
      for purposes of this clause (vi) as if Section 6.12.2 were applicable to CILCO
      on and after the Closing Date), and no “Default” or “Unmatured Default” with
      respect to CILCO has occurred and is continuing under the Existing Credit
      Agreement on such date, and (b) all of the representations and warranties of
      CILCO in Article V and in each Collateral Document to which CILCO is a party
      shall be true and correct in all material respects as of such date except to
      the
      extent any such representation or warranty is stated to relate solely to an
      earlier date, in which case such representation or warranty shall have been
      true
      and correct on and as of such earlier date.

    

    4.6.  Increases
      of CIPS Credit Agreement Bonds.
      CIPS
      may increase the amount of the CIPS Credit Agreement Bonds after its Accession
      Date by delivering to the Agent on any Increase Date:

     

    (i)
      A
      certificate of a duly authorized officer of CIPS stating the amount of CIPS’s
      Borrower Sublimit as of the Increase Date, together with one or more CIPS Credit
      Agreement Bonds in an aggregate principal amount such that the aggregate
      principal amount of the CIPS Credit Agreement Bonds held by the Agent under
      the
      CIPS Bond Delivery Agreement shall be not less than such Borrower Sublimit
      as of
      the Increase Date.

    

    
      
        
        

      

      
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    (ii)
      A
      certificate in the form of Exhibit A to the CIPS Bond Delivery Agreement
      evidencing the delivery to and acceptance by the Agent of the additional CIPS
      Credit Agreement Bonds as specified in Section 4.6(i).

    

    (iii)
      A
      certificate of a duly authorized officer of the CIPS Trustee, certifying that
      the CIPS Credit Agreement Bonds as so increased have been authenticated and
      are
      outstanding under the CIPS Indenture.

    

    (iv)
      A
      certificate of a duly authorized officer of CIPS certifying that (x) the
      certificate delivered under Section 4.3.7(iii) on CIPS’s Accession Date remains
      true, correct and complete, except as specified in the certificate delivered
      on
      the Increase Date, and (y) attached thereto is (A) if any amendment, supplement
      or other modification has been made to the CIPS Indenture since the delivery
      of
      such prior certificate, a true, correct and complete copy of each such
      amendment, supplement or other modification, and (B) a listing of each
      supplemental indenture that has come into effect or has ceased to be in effect
      since the delivery of such prior certificate.

    

    (v)
      A
      certificate in the form of Exhibit A to the CIPS Bond Delivery Agreement in
      respect of such increase in the CIPS Credit Agreement Bonds, executed and
      delivered by CIPS and the Agent.

    

    (vi)
      Evidence that, after giving effect to such increase of the CIPS Credit Agreement
      Bonds, there is issuance availability in an amount not less than the CIPS
      Minimum Bonding Capacity under the CIPS Indenture (giving effect to any
      applicable “net earnings certificate” requirement) based upon “property
      additions” (as defined in the CIPS Indenture) or upon bonds that have been paid,
      retired, redeemed, canceled or surrendered for cancelation.

    

    (vii)
      Unless CIPS shall have issued a First Mortgage Bond to the Agent and become
      a
      Borrower on its Accession Date, on the first Increase Date for CIPS, a
      certificate, signed by the Chairman, Chief Executive Officer, President,
      Executive Vice President, Chief Financial Officer, any Senior Vice President,
      any Vice President or the Treasurer of such Illinois Utility, stating that
      on
      such Increase Date (a) no Default or Unmatured Default in respect of CIPS has
      occurred and is continuing (with compliance with Section 6.12.2 being determined
      for purposes of this clause (vi) as if Section 6.12.2 were applicable to CIPS
      on
      and after the Closing Date), and no “Default” or “Unmatured Default” with
      respect to CIPS has occurred and is continuing under the Existing Credit
      Agreement on such date, and (b) all of the representations and warranties of
      CIPS in Article V and in each 

     

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

     

    Collateral
      Document to which CIPS is a party shall be true and correct in all material
      respects as of such date except to the extent any such representation or
      warranty is stated to relate solely to an earlier date, in which case such
      representation or warranty shall have been true and correct on and as of such
      earlier date.

    

    ARTICLE
      V  

     

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Borrower represents and warrants to each Lender, each Issuing Bank and the
      Agent, as to such Borrower and, as applicable, its Subsidiaries, as of each
      of
      (i) (x) in the case of each of Resources and CILCORP, the Closing Date, and
      (y)
      in the case of each Illinois Utility, its Accession Date, and (ii) each date
      as
      of which such Borrower is deemed to make the representations and warranties
      set
      forth in this Article under Section 4.4:

     

    5.1.  Existence
      and Standing.
      Such
      Borrower and each of its Subsidiaries (other than any Project Finance Subsidiary
      or an SPC) is a corporation, partnership (in the case of Subsidiaries only)
      or
      limited liability company duly and properly incorporated or organized, as the
      case may be, validly existing and (to the extent such concept applies to such
      entity) in good standing under the laws of its jurisdiction of incorporation
      or
      organization and has all requisite authority to conduct its business in each
      jurisdiction in which its business is conducted.

     

    5.2.  Authorization
      and Validity.
      Such
      Borrower has the power and authority and legal right to execute and deliver
      the
      Loan Documents and to perform its obligations thereunder. The execution and
      delivery by such Borrower of the Loan Documents and the performance of its
      obligations thereunder have been duly authorized by proper proceedings, and
      the
      Loan Documents to which such Borrower is a party constitute legal, valid and
      binding obligations of such Borrower enforceable against such Borrower in
      accordance with their terms, except as enforceability may be limited by (i)
      bankruptcy, insolvency, fraudulent conveyance, reorganization or similar laws
      relating to or affecting the enforcement of creditors’ rights generally; (ii)
      general equitable principles (whether considered in a proceeding in equity
      or at
      law) and (iii) requirements of reasonableness, good faith and fair
      dealing.

     

    5.3.  No
      Conflict; Government Consent.
      Neither
      the execution and delivery by such Borrower of the Loan Documents, nor the
      consummation of the transactions therein contemplated, nor compliance with
      the
      provisions thereof will violate (i) any law, rule, regulation, order, writ,
      judgment, injunction, decree or award binding on such Borrower or any of its
      Subsidiaries or (ii) such Borrower’s or any Subsidiary’s articles or certificate
      of incorporation, partnership agreement, certificate of partnership, articles
      or
      certificate of organization, by-laws, or operating agreement or other management
      agreement, as the case may be, or (iii) the provisions of the Existing Credit
      Agreement or any indenture, any material instrument or any material agreement
      to
      which such Borrower or any of its Subsidiaries is a party or is subject, or
      by
      which it, or its Property, is bound, or conflict with, or constitute a default
      under, or result in, or require, the creation or imposition of any Lien in,
      of
      or on the Property of such Borrower or a Subsidiary pursuant to the terms of,
      the Existing Credit Agreement or any such indenture, instrument or agreement.
      No
      order, consent, adjudication, approval, license, 

     

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

    

     

     

    authorization,
      or validation of, or filing, recording or registration with, or exemption by,
      or
      other action in respect of any governmental or public body or authority, or
      any
      subdivision thereof, which has not been obtained by such Borrower or any of
      its
      Subsidiaries, is required to be obtained by such Borrower or any of its
      Subsidiaries in connection with the execution and delivery of the Loan
      Documents, the borrowings and issuances of Letters of Credit under this
      Agreement, the payment and performance by such Borrower of the Obligations
      or
      the legality, validity, binding effect or enforceability of any of the Loan
      Documents. Except for the reductions in the “Borrower Sublimits” under the
      Existing Credit Agreement of CILCO and CIPS in connection with any increase
      in
      the Borrower Sublimit of CILCO or CIPS, respectively, under this Agreement,
      no
      consent, approval or other action under or in respect of the Existing Credit
      Agreement is required to be obtained by such Borrower or any of its Subsidiaries
      in connection with the execution and delivery of the Loan Documents, the
      borrowings and issuances of Letters of Credit under this Agreement, the payment
      and performance by such Borrower of the Obligations or the legality, validity,
      binding effect or enforceability of any of the Loan Documents.

     

    5.4.  Financial
      Statements.
      The
      consolidated financial statements of such Borrower, audited in the case of
      each
      Borrower other than Resources by PricewaterhouseCoopers LLP, as of and for
      the
      fiscal year ended December 31, 2005, and the unaudited consolidated balance
      sheet of such Borrower as of September 30, 2006, and the related unaudited
      statement of income and statement of cash flows for the nine-month period then
      ended, copies of which have been furnished to each Lender, fairly present in
      all
      material respects (subject in the case of such balance sheet and statement
      of
      income for the period ended September 30, 2006, to year-end adjustments) the
      consolidated financial condition of such Borrower at such dates and the
      consolidated results of the operations of such Borrower for the periods ended
      on
      such dates, were prepared, except in the case of such unaudited statements,
      in
      accordance with generally accepted accounting principles in effect on the dates
      such statements were prepared (except for the absence of footnotes and subject
      to year end audit adjustments) and fairly present the consolidated financial
      condition and operations of such Borrower at such dates and the consolidated
      results of their operations for the periods then ended.

     

    5.5.  Material
      Adverse Change.
      Since
      December 31, 2005, there has been no change in the business, Property,
      condition (financial or otherwise) or results of operations of such Borrower
      and
      its Subsidiaries (other than any Project Finance Subsidiary) which could
      reasonably be expected to have a Material Adverse Effect (a “Material Adverse
      Change”) with respect to such Borrower, except for the Disclosed Matters;
provided,
      however,
      that
      neither (i) any ratings downgrade applicable to the Indebtedness of any Borrower
      or any of its Subsidiaries by Moody’s or S&P nor (ii) such Borrower’s or any
      of its Subsidiaries’ inability to place commercial paper in the capital markets,
      shall, in and of themselves, be deemed events constituting a Material Adverse
      Change.

     

    5.6.  Taxes.
      Such
      Borrower and its Subsidiaries have filed all United States federal tax returns
      and all other material tax returns which are required to be filed and have
      paid
      all taxes due pursuant to said returns or pursuant to any assessment received
      by
      such Borrower or any of its Subsidiaries, except in respect of such taxes,
      if
      any, as are being contested in good faith and as to which adequate reserves
      have
      been provided in accordance with Agreement Accounting Principles and as to
      which
      no Lien exists (except as permitted by Section 6.13.2). The Internal Revenue
      Service has closed audits of the United States federal income tax returns filed
      by CIPSCO, Inc. for all periods through the calendar taxable year ending
      December 31, 1997, and by the Company for all periods through the calendar
      taxable year ending December 31, 2001. The Internal 

     

    
      
        
        

      

      
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    Revenue
      Service has not closed audits of the United States federal income tax returns
      filed by the Company for subsequent periods. No claims have been, or are being,
      asserted with respect to such taxes that could reasonably be expected to result
      in a Material Adverse Effect with respect to such Borrower and no liens have
      been filed with respect to such taxes. The charges, accruals and reserves on
      the
      books of such Borrower and its Subsidiaries in respect of any taxes or other
      governmental charges are adequate.

     

    5.7.  Litigation
      and Contingent Obligations.
      Other
      than the Disclosed Matters, there is no litigation, arbitration, governmental
      investigation, proceeding or inquiry pending or, to the knowledge of any of
      its
      officers, threatened against or affecting such Borrower or any of its
      Subsidiaries which could reasonably be expected to have a Material Adverse
      Effect with respect to such Borrower or which seeks to prevent, enjoin or delay
      the making of any Loans to such Borrower. On the date of this Agreement, other
      than any liability incident to any litigation, arbitration or proceeding which
      could not reasonably be expected to have a Material Adverse Effect with respect
      to such Borrower, such Borrower has no material contingent obligations not
      provided for or disclosed in the financial statements referred to in Section
      5.4.

     

    5.8.  Subsidiaries.
      Schedule 1 contains an accurate list of all Subsidiaries of such Borrower as
      of
      the date of this Agreement, setting forth their respective jurisdictions of
      organization and the percentage of their respective capital stock or other
      ownership interests owned by such Borrower or other Subsidiaries of such
      Borrower. All the issued and outstanding shares of capital stock or other
      ownership interests of such Subsidiaries have been (to the extent such concepts
      are relevant with respect to such ownership interests) duly authorized and
      issued and are fully paid and non-assessable.

     

    5.9.  ERISA.
      No
      ERISA Event has occurred or is reasonably expected to occur that, when taken
      together with all other ERISA Events that have occurred or are reasonably
      expected to occur, could reasonably be expected to result in a Material Adverse
      Effect with respect to such Borrower.

     

    5.10.  Accuracy
      of Information.
      The
      information, exhibits or reports with respect to such Borrower furnished to
      the
      Agent or to any Lender in connection with the negotiation of, or compliance
      with, the Loan Documents as of the date furnished do not contain any material
      misstatement of fact or omit to state a material fact or any fact necessary
      to
      make the statements contained therein not misleading.

     

    5.11.  Regulation
      U.
      Neither
      such Borrower nor any of its Subsidiaries is engaged principally, or as one
      of
      its important activities, in the business of extending credit for the purpose,
      whether immediate, incidental or ultimate, of
      buying
      or carrying margin stock (as defined in Regulation U), and after applying the
      proceeds of each Advance, margin stock (as defined in Regulation U) will
      constitute less than 25% of the
      value of
      those assets of such Borrower and its Subsidiaries that are subject to any
      limitation on sale, pledge, or any other restriction hereunder.

     

    
      
        
        

      

      
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    5.12.  Material
      Agreements.
      Neither
      such Borrower nor any of its Subsidiaries is a party to any agreement or
      instrument or subject to any charter or other corporate restriction which could
      reasonably be expected to have a Material Adverse Effect with respect to such
      Borrower as described in clauses (ii) and/or (iii) of the definition thereof.
      Neither such Borrower nor any of its Subsidiaries is in default in the
      performance, observance or fulfillment of any of the obligations, covenants
      or
      conditions contained in (i) any agreement or instrument to which it is a party,
      which default could reasonably be expected to have a Material Adverse Effect
      with respect to such Borrower or (ii) any agreement or instrument evidencing
      or
      governing Indebtedness, which default could be reasonably expected to have
      a
      Material Adverse Effect with respect to such Borrower.

     

    5.13.  Compliance
      With Laws.
      Except
      for the Disclosed Matters, such Borrower and its Subsidiaries have complied
      with
      all applicable statutes, rules, regulations, orders and restrictions of any
      domestic or foreign government or any instrumentality or agency thereof having
      jurisdiction over the conduct of their respective businesses or the ownership
      of
      their respective Property, non-compliance with which could reasonably be
      expected to result in a Material Adverse Effect with respect to such
      Borrower.

     

    5.14.  Ownership
      of Properties.
      On the
      date of this Agreement, such Borrower and its Subsidiaries have good title
      (except for minor defects in title that do not interfere with their ability
      to
      conduct their business as currently conducted or to utilize such properties
      for
      the intended purposes), free of all Liens other than those permitted by Section
      6.13, to all of the assets material to such Borrower’s business reflected in
      such Borrower’s most recent consolidated financial statements provided to the
      Agent, as owned by such Borrower and its Subsidiaries.

     

    5.15.  Plan
      Assets; Prohibited Transactions.
      Such
      Borrower is not an entity deemed to hold “plan assets” within the meaning of 29
      C.F.R. § 2510.3-101 of an employee benefit plan (as defined in Section 3(3) of
      ERISA) which is subject to Title I of ERISA or any plan (within the meaning
      of
      Section 4975 of the Code), and assuming the accuracy of the representations
      and
      warranties made in Section 9.12 and in any assignment made pursuant to Section
      12.3.3, neither the execution of this Agreement nor the making of Loans
      hereunder gives rise to a prohibited transaction within the meaning of Section
      406 of ERISA or Section 4975 of the Code.

     

    5.16.  Environmental
      Matters.
      In the
      ordinary course of its business, the officers of such Borrower consider the
      effect of Environmental Laws on the business of such Borrower and its
      Subsidiaries, in the course of which they identify and evaluate potential risks
      and liabilities accruing to such Borrower due to Environmental Laws. On the
      basis of this consideration, such Borrower has concluded that, other than the
      Disclosed Matters, Environmental Laws cannot reasonably be expected to have
      a
      Material Adverse Effect with respect to such Borrower. Except for the Disclosed
      Matters, and except with respect to any other matters that, individually or
      in
      the aggregate, could not reasonably be expected to result in a Material Adverse
      Effect with respect to such Borrower, neither such Borrower nor any Subsidiary
      has received any notice to the effect that its operations are not in material
      compliance with any of the requirements of applicable Environmental Laws or
      are
      the subject of any federal or state investigation evaluating whether any
      remedial action is needed to respond to a release of any toxic or hazardous
      waste or substance into the environment.

     

    
      
        
        

      

      
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    5.17.  Investment
      Company Act.
      Neither
      such Borrower nor any Subsidiary of such Borrower is an “investment company” or
      a company “controlled” by an “investment company”, within the meaning of the
      Investment Company Act of 1940, as amended.

     

    5.18.  Regulatory
      Matters.
      (a) The
      Company is a “holding company” and each Illinois Utility and Resources is a
“public-utility company”, as such terms are defined in the 2005 Act. CILCORP is
      a “holding company” but is not itself a “public utility” or a “public-utility
      company” as defined in the 2005 Act. Each Illinois Utility is a “public utility”
as defined in the Illinois Public Utilities Act. Neither CILCORP nor Resources
      is a “public utility” as defined in the Illinois Public Utilities
      Act.

     

    (b)
      The
      FERC, in accordance with the Federal Power Act, has granted blanket
      authorization by order to Resources to issue securities and assume liabilities,
      including borrowing under this Agreement. No authorization from FERC is required
      to permit the Illinois Utilities or CILCORP to borrow under this
      Agreement.

    

    (c)
      No
      regulatory authorizations, approvals, consents, registrations, declarations
      or
      filings are required in connection with the borrowings by, and issuances of
      Letters of Credit for the account of, any Borrower hereunder or the performance
      by any Borrower of its Obligations, except for such as have been obtained and
      are in effect. As of the Closing Date, no regulatory authorizations, approvals,
      consents, registrations, declarations or filings are required in connection
      with
      the borrowings by, and issuances of Letters of Credit for the account of, any
      Borrower hereunder or the performance by any Borrower of its Obligations, except
      for (A) the aforesaid order of the FERC (as listed on Schedule 4 hereto) and
      (B)
      the requirement that no later than the Accession Date with respect to an
      Illinois Utility, such Illinois Utility shall have received an order of the
      Illinois Commerce Commission authorizing, respectively (i) CILCO to execute,
      enter into and deliver the CILCO Credit Agreement Bonds in an aggregate
      principal amount up to $150,000,000 and the CILCO Supplemental Indenture, (ii)
      CIPS to execute, enter into and deliver the CIPS Credit Agreement Bonds in
      an
      aggregate principal amount up to $135,000,000 and the CIPS Supplemental
      Indenture and (iii) IP to execute, enter into and deliver the IP Credit
      Agreement Bond in an aggregate principal amount up to $200,000,000 and the
      IP
      Supplemental Indenture.

    

    5.19.  Insurance.
      Such
      Borrower maintains, and has caused each of its Subsidiaries to maintain, with
      financially sound and reputable insurance companies, insurance on all its
      Property in such amounts, subject to such deductibles and self-insurance
      retentions, and covering such properties and risks as are consistent with sound
      business practice.

     

    5.20.  No
      Default or Unmatured Default.
      No
      Default or Unmatured Default has occurred and is continuing with respect to
      such
      Borrower.

     

    5.21.  Collateral
      Matters. 

     

    5.21.1 CILCO.
      In the
      case of CILCO:

    

    (i)
      The
      CILCO Credit Agreement Bonds have been duly authorized by CILCO and, when
      delivered to the Agent under the CILCO Bond Delivery Agreement, the

     

    
      
        
        

      

      
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    CILCO
      Credit Agreement Bonds will have been duly executed, authenticated, issued
      and
      delivered, and will constitute valid and legally binding obligations of CILCO
      entitled to participate ratably with the other First Mortgage Bonds from time
      to
      time outstanding thereunder in the security afforded by the CILCO Indenture.
      The
      CILCO Indenture has been duly authorized by CILCO and, at CILCO’s Accession
      Date, the CILCO Indenture (as supplemented and amended by the CILCO Supplemental
      Indenture) will be duly executed and delivered by CILCO and will be a valid
      and
      legally binding instrument, enforceable against CILCO in accordance with its
      terms, subject to the laws of the State of Illinois affecting the remedies
      for
      the enforcement of the security provided for therein and except as may be
      limited by (i) bankruptcy, insolvency, reorganization and other similar laws
      relating to or affecting creditors’ rights generally, (ii) general equitable
      principles (whether considered in a proceeding in equity or at law) and (iii)
      requirements of reasonableness, good faith and fair dealing.

    

    (ii)
      The
      CILCO Indenture conforms to the requirements of the Trust Indenture Act of
      1939,
      as amended. The issuance of the CILCO Credit Agreement Bonds to the Agent is
      not
      required to be registered under the Securities Act of 1933, as
      amended.

    

    (iii)
      Substantially all of the permanent, fixed properties of CILCO are owned in
      fee
      simple or are held under valid leases, in each case subject only to the lien
      of
      the CILCO Indenture and “excepted encumbrances” (as defined in the CILCO
      Indenture) and such minor imperfections of title and encumbrances, if any,
      which
      are not substantial in amount, do not materially detract from the value or
      marketability of the properties subject thereto and do not materially impair
      the
      title of CILCO to its properties or its right to use its properties in
      connection with its business as presently conducted. The CILCO Indenture creates
      in favor of the CILCO Trustee for the ratable benefit of the holders of each
      outstanding series of First Mortgage Bonds issued under the CILCO Indenture,
      including the Agent as holder of the CILCO Credit Agreement Bonds, a legal,
      valid and enforceable first priority security interest in substantially all
      the
      property, plant and equipment, franchises and related rights of CILCO and
      constitutes a perfected security interest in all such property and assets,
      subject to (A) Liens, reservations and exceptions permitted under the CILCO
      Indenture as in effect on the date hereof and under Section 6.13 and (B) the
      terms of the franchises, licenses, easements, leases, permits, contracts and
      other instruments under which such property and assets are held or operated.
      

    

    (iv)
      Upon
      each delivery of CILCO Credit Agreement Bonds to the Agent and unless all CILCO
      Credit Agreement Bonds have been released by the Agent, the CILCO Credit
      Agreement Bonds have been paid in full, or both CILCO’s Borrower Sublimit and
      CILCO’s Borrower Credit Exposure have been reduced to zero, (A) the CILCO Credit
      Agreement Bonds are outstanding in an amount not less than CILCO’s Borrower
      Sublimit and CILCO’s Borrower Credit Exposure at such time, (B) the Agent is the
      holder of the CILCO Credit Agreement Bonds delivered under the CILCO Bond
      Delivery Agreement for all purposes under the CILCO Indenture (unless the Agent
      transfers the CILCO Credit Agreement Bonds) and (C) the CILCO Credit Agreement
      Bonds rank pari passu with all other bonds and instruments issued pursuant
      to
      the CILCO Indenture.

    

    
      
        
        

      

      
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    (v)
      (A)
      As of the Closing Date, assuming that $150,000,000 of CILCO Credit Agreement
      Bonds are delivered to the Agent and CILCO’s “Borrower Sublimit” under the
      Existing Credit Agreement is correspondingly reduced, the principal amount
      of
      outstanding Indebtedness issued under the CILCO Indenture is $298,200,000,
      and
      (B) as of the Closing Date and as of each Increase Date, after giving effect
      to
      the delivery of the CILCO Credit Agreement Bonds to the Agent as of such dates,
      the issuance availability under the CILCO Indenture (giving effect to any
      applicable “net earnings certificate” requirement) based upon “property
      additions” (as defined in the CILCO Indenture) or upon bonds that have been
      paid, retired, redeemed, canceled or surrendered for cancelation, is not less
      than the CILCO Minimum Bonding Capacity.

    

    5.21.2 CIPS.
      In the
      case of CIPS:

    

    (i)
      The
      CIPS Credit Agreement Bonds have been duly authorized by CIPS and, when
      delivered to the Agent under the CIPS Bond Delivery Agreement, the CIPS Credit
      Agreement Bonds will have been duly executed, authenticated, issued and
      delivered, and will constitute valid and legally binding obligations of CIPS
      entitled to participate ratably with the other First Mortgage Bonds from time
      to
      time outstanding thereunder in the security afforded by the CIPS Indenture.
      The
      CIPS Indenture has been duly authorized by CIPS and, at CIPS’s Accession Date,
      the CIPS Indenture (as supplemented and amended by the CIPS Supplemental
      Indenture) will be duly executed and delivered by CIPS and will be a valid
      and
      legally binding instrument, enforceable against CIPS in accordance with its
      terms, subject to the laws of the State of Illinois affecting the remedies
      for
      the enforcement of the security provided for therein and except as may be
      limited by (i) bankruptcy, insolvency, reorganization and other similar laws
      relating to or affecting creditors’ rights generally, (ii) general equitable
      principles (whether considered in a proceeding in equity or at law) and (iii)
      requirements of reasonableness, good faith and fair dealing.

    

    (ii)
      The
      CIPS Indenture conforms to the requirements of the Trust Indenture Act of 1939,
      as amended. The issuance of the CIPS Credit Agreement Bonds to the Agent is
      not
      required to be registered under the Securities Act of 1933, as
      amended.

    

    (iii)
      Substantially all of the permanent, fixed properties of CIPS are owned in fee
      simple or are held under valid leases, in each case subject only to the lien
      of
      the CIPS Indenture and “permitted encumbrances and liens” (as defined in the
      CIPS Indenture) and such minor imperfections of title and encumbrances, if
      any,
      which are not substantial in amount, do not materially detract from the value
      or
      marketability of the properties subject thereto and do not materially impair
      the
      title of CIPS to its properties or its right to use its properties in connection
      with its business as presently conducted. The CIPS Indenture creates in favor
      of
      the CIPS Trustee for the ratable benefit of the holders of each outstanding
      series of First Mortgage Bonds issued under the CIPS Indenture, including the
      Agent as holder of the CIPS Credit Agreement Bonds, a legal, valid and
      enforceable first priority security interest in substantially all the property,
      plant and equipment, franchises and related rights of CIPS and constitutes
      a
      perfected security interest in all such property and assets, subject to (A)
      Liens, reservations and exceptions permitted 

     

    
      
        
        

      

      
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    under
      the
      CIPS Indenture as in effect on the date hereof and under Section 6.13 and (B)
      the terms of the franchises, licenses, easements, leases, permits, contracts
      and
      other instruments under which such property and assets are held or
      operated.

    

    (iv)
      Upon
      each delivery of CIPS Credit Agreement Bonds to the Agent and unless all CIPS
      Credit Agreement Bonds have been released by the Agent, the CIPS Credit
      Agreement Bonds have been paid in full, or both CIPS’s Borrower Sublimit and
      CIPS’s Borrower Credit Exposure have been reduced to zero, (A) the CIPS Credit
      Agreement Bonds are outstanding in an amount not less than the CIPS’s Borrower
      Sublimit and CIPS’s Borrower Credit Exposure at such time, (B) the Agent is the
      holder of the CIPS Credit Agreement Bonds delivered under the CIPS Bond Delivery
      Agreement for all purposes under the CIPS Indenture (unless the Agent transfers
      the CIPS Credit Agreement Bonds) and (C) the CIPS Credit Agreement Bonds rank
      pari passu with all other bonds and instruments issued pursuant to the CIPS
      Indenture.

    

    (v)
      (A)
      As of the Closing Date, assuming $135,000,000 of CIPS Credit Agreement Bonds
      are
      delivered to the Agent and CIPS’s “Borrower Sublimit” under the Existing Credit
      Agreement is correspondingly reduced, the principal amount of outstanding
      Indebtedness issued under the CIPS Indenture is $496,500,000, and (B) as of
      the
      Closing Date and as of each Increase Date, after giving effect to the delivery
      of the CIPS Credit Agreement Bonds to the Agent as of such dates, the issuance
      availability under the CIPS Indenture (giving effect to any applicable “net
      earnings certificate” requirement) based upon “property additions” (as defined
      in the CIPS Indenture) or upon bonds that have been paid, retired, redeemed,
      canceled or surrendered for cancelation, is not less than the CIPS Minimum
      Bonding Capacity.

    

    5.21.3 IP.
      In the
      case of IP:

    

    (i)
      The
      IP Credit Agreement Bond has been duly authorized by IP and, when delivered
      to
      the Agent under the IP Bond Delivery Agreement, the IP Credit Agreement Bond
      will have been duly executed, authenticated, issued and delivered, and will
      constitute a valid and legally binding obligation of IP entitled to participate
      ratably with the other First Mortgage Bonds from time to time outstanding
      thereunder in the security afforded by the IP Indenture. The IP Indenture has
      been duly authorized by IP and, at IP’s Accession Date, the IP Indenture (as
      supplemented and amended by the IP Supplemental Indenture) will be duly executed
      and delivered by IP and will be a valid and legally binding instrument,
      enforceable against IP in accordance with its terms, subject to the laws of
      the
      State of Illinois affecting the remedies for the enforcement of the security
      provided for therein and except as may be limited by (i) bankruptcy, insolvency,
      reorganization and other similar laws relating to or affecting creditors’ rights
      generally, (ii) general equitable principles (whether considered in a proceeding
      in equity or at law) and (iii) requirements of reasonableness, good faith and
      fair dealing.

    

    (ii)
      The
      IP Indenture conforms to the requirements of the Trust Indenture Act of 1939,
      as
      amended. The issuance of the IP Credit Agreement Bond to the Agent is not
      required to be registered under the Securities Act of 1933, as
      amended.

    

    
      
        
        

      

      
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    (iii)
      Substantially all of the permanent, fixed properties of IP are owned in fee
      simple or are held under valid leases, in each case subject only to the lien
      of
      the IP Indenture and “Permitted Liens” (as defined in the IP Indenture) and such
      minor imperfections of title and encumbrances, if any, which are not substantial
      in amount, do not materially detract from the value or marketability of the
      properties subject thereto and do not materially impair the title of IP to
      its
      properties or its right to use its properties in connection with its business
      as
      presently conducted. The IP Indenture creates in favor of the IP Trustee for
      the
      ratable benefit of the holders of each outstanding series of First Mortgage
      Bonds issued under the IP Indenture, including the Agent as holder of the IP
      Credit Agreement Bond, a legal, valid and enforceable first priority security
      interest in substantially all the property, plant and equipment, franchises
      and
      related rights of IP and constitutes a perfected security interest in all such
      property and assets, subject to (A) Liens, reservations and exceptions permitted
      under the IP Indenture as in effect on the date hereof and under Section 6.13
      and (B) the terms of the franchises, licenses, easements, leases, permits,
      contracts and other instruments under which such property and assets are held
      or
      operated. The “Existing IPC Mortgage” (as defined in the IP Indenture) has been
      terminated and the Lien thereof released and there are no outstanding “Prior
      Bonds” (as defined in the IP Indenture).

    

    (iv)
      Upon
      delivery of the IP Credit Agreement Bond to the Agent and unless the IP Credit
      Agreement Bond has been released by the Agent, the IP Credit Agreement Bond
      has
      been paid in full, or both IP’s Borrower Sublimit and IP’s Borrower Credit
      Exposure have been reduced to zero, (A) the IP Credit Agreement Bond is
      outstanding (to the extent both IP’s Borrower Sublimit and IP’s Borrower Credit
      Exposure have not been permanently reduced), (B) the Agent is the holder of
      the
      IP Credit Agreement Bond for all purposes under the IP Indenture (unless the
      Agent transfers the IP Credit Agreement Bond) and (C) the IP Credit Agreement
      Bond ranks pari passu with all other bonds and instruments issued pursuant
      to
      the IP Indenture.

    

    (v)
      As of
      the Closing Date, after giving effect to the delivery of the IP Credit Agreement
      Bond to the Agent, (A) the principal amount of outstanding Indebtedness issued
      under the IP Indenture, including the principal amount of Indebtedness
      represented by the IP Credit Agreement Bond and the principal amount of
      Indebtedness represented by the First Mortgage Bond issued in connection with
      the Existing Credit Agreement, is $1,122,340,000, and (B) the issuance
      availability under the IP Indenture (giving effect to any applicable “Net
      Earnings Certificate” requirement) based upon “Property Additions” or “Retired
      Bonds” (as such terms are defined in the IP Indenture), is not less than the IP
      Minimum Bonding Capacity.

    

    5.21.4 Resources.
      In the
      case of Resources:

    

    (i)
      Each
      Resources Mortgage creates in favor of The Bank of New York Trust Company,
      N.A.,
      as agent and mortgagee thereunder, for the ratable benefit of the “Secured
      Parties”, as defined under the Resources Collateral Agency Agreement, including
      the Agent and the Lenders, a legal, valid and enforceable first priority
      security 

     

    
      
        
        

      

      
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    interest
      in the Resources Mortgaged Property intended to be subject thereto and
      constitutes a perfected security interest in all such Resources Mortgaged
      Property intended to be subject thereto, subject to (A) “Permitted Encumbrances”
and “Permitted Liens”, as defined in such Resources Mortgage as in effect on the
      date hereof and (B) the terms of the franchises, licenses, easements, leases,
      permits, contracts and other instruments under which the Resources Mortgaged
      Property is held or operated.

    

    (ii)
      Taken collectively, the property subject to the liens of the Resources Mortgages
      constitutes substantially all of the real property, fixtures and operating
      equipment of Resources located at the E.D. Edwards plant in Bartonville,
      Illinois, and at the Duck Creek plant in Canton, Illinois, as reflected in
      the
      Property and Plant accounts on the balance sheet of Resources, together with,
      to
      the extent assignable, all licenses, permits, easements and similar rights
      necessary to the operation of such fixtures and operating
      equipment.

    

    (iii)
      The
      representations and warranties made by Resources in the Resources Mortgages
      and
      the Resources Collateral Agency Agreement are true and correct in all material
      respects after giving effect to the Loans and the use of the proceeds
      contemplated herein and the issuance of the Letters of Credit except to the
      extent any such representation or warranty is stated to relate solely to an
      earlier date, in which case such representation or warranty shall have been
      true
      and correct on and as of such earlier date.

    

    (iv)
      As
      of the Closing Date, after giving effect to the delivery of the Resources
      Collateral Agency Agreement Supplement, no Indebtedness other than the
      Obligations and the “Obligations” of Resources under the Existing Credit
      Agreement is secured by a Lien under any “Security Document”, as defined in the
      Resources Collateral Agency Agreement.

    

    5.21.5 CILCORP.
      In the
      case of CILCORP:

    

    (i)
      The
      CILCORP Pledge Agreement creates in favor of The Bank of New York, as collateral
      agent thereunder, for the ratable benefit of the “Secured Parties”, as defined
      under the CILCORP Pledge Agreement, including the Agent and the Lenders, a
      legal, valid and enforceable first priority security interest in the
“Collateral”, as defined under the CILCORP Pledge Agreement, intended to be
      subject thereto and constitutes a perfected security interest in all such
“Collateral”.

    

    (ii)
      The
“Collateral”, as defined under the CILCORP Pledge Agreement, includes all the
      common stock of CILCO.

    

    (iii)
      The
      representations and warranties made by CILCORP in the CILCORP Pledge Agreement
      are true and correct in all material respects after giving effect to the Loans
      and the use of the proceeds contemplated herein and the issuance of the Letters
      of Credit except to the extent any such representation or warranty is stated
      to
      relate solely to 

     

    
      
        
        

      

      
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    an
      earlier date, in which case such representation or warranty shall have been
      true
      and correct on and as of such earlier date.

    

    (iv)
      As
      of the Closing Date, after giving effect to the delivery of the CILCORP Pledge
      Agreement Supplement, the aggregate principal amount of the Indebtedness (other
      than the Obligations, but including CILCORP’s “Borrower Sublimit” under the
      Existing Credit Agreement) secured by the Lien of the CILCORP Pledge Agreement
      is not in excess of $384,320,000.

    

    (v)
      As of
      and after giving effect to the delivery of the CILCORP Pledge Agreement
      Supplement, the Obligations of CILCORP shall be “Additional Debt Obligations”
under the CILCORP Pledge Agreement.

    

    5.21.6 Collateral
      Documents.
      CILCO
      represents and warrants that the copy of the CILCO Indenture delivered to the
      Agent prior to the Closing Date is complete (except for the omission of
      supplemental indentures that provide solely for the establishment and issuance
      of particular series of bonds and the addition of property) and correct in
      all
      material respects as of each of the Closing Date and, except for the issuance
      of
      the CILCO Supplemental Indenture and supplemental indentures that provide solely
      for the establishment and issuance of particular series of bonds and the
      addition of property, CILCO’s Accession Date. CIPS represents and warrants that
      the copy of the CIPS Indenture delivered to the Agent prior to the Closing
      Date
      is complete (except for the omission of supplemental indentures that provide
      solely for the establishment and issuance of particular series of bonds and
      the
      addition of property) and correct in all material respects as of each of the
      Closing Date and, except for the issuance of the CIPS Supplemental Indenture
      and
      supplemental indentures that provide solely for the establishment and issuance
      of particular series of bonds and the addition of property, CIPS’s Accession
      Date. IP represents and warrants that the copy of the IP Indenture delivered
      to
      the Agent prior to the Closing Date is complete (except for the omission of
      supplemental indentures that provide solely for the establishment and issuance
      of particular series of bonds and the addition of property) and correct in
      all
      material respects as of each of the Closing Date and, except for the issuance
      of
      the IP Supplemental Indenture and supplemental indentures that provide solely
      for the establishment and issuance of particular series of bonds and the
      addition of property, IP’s Accession Date. CILCORP represents and warrants that
      the copy of the CILCORP Pledge Agreement delivered to the Agent prior to the
      Closing Date is complete and correct in all material respects as of the Closing
      Date.

    

    
      
        
        

      

      
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      ARTICLE VI  

     

    COVENANTS

     

    From
      and
      after the Closing Date (or, in the case of each Illinois Utility, its Accession
      Date) and thereafter during the term of this Agreement, unless the Required
      Lenders shall otherwise consent in writing:

     

    6.1.  Financial
      Reporting.
      Each
      Borrower will maintain, for itself and each of its Subsidiaries, a system of
      accounting established and administered in accordance with generally accepted
      accounting principles, and furnish to the Agent, and the Agent shall promptly
      deliver to each of the Lenders (it being agreed that the obligation of any
      Borrower to furnish the consolidated financial statements referred to in
      paragraphs 6.1.1 and 6.1.2 below may be satisfied by the delivery of annual
      and
      quarterly reports from such Borrower to the SEC on Forms 10-K and 10-Q
      containing such statements):

     

    6.1.1
        Within
      90
      days after the close of each fiscal year, such Borrower’s audited financial
      statements prepared in accordance with Agreement Accounting Principles (other
      than in the case of Resources, which will only be required to provide an
      unaudited balance sheet , income statement and statement of cash flows) on
      a
      consolidated basis, including balance sheets as of the end of such period,
      statements of income and statements of cash flows, accompanied (in the case
      of
      each Borrower other than Resources, which shall provide an officer’s certificate
      complying with the requirements set forth in Section 6.1.2) by (a) an audit
      report, unqualified as to scope, of a nationally recognized firm of independent
      public accountants; (b) any management letter prepared by said accountants,
      and
      (c) a certificate of said accountants that, in the course of their audit of
      the
      foregoing, they have obtained no knowledge that such Borrower failed to comply
      with certain terms, covenants and provisions of this Agreement as they relate
      to
      accounting matters, or, if in the opinion of such accountants any such failure
      shall have occurred, stating the nature and status thereof.

     

    6.1.2
        Within
      45
      days after the close of the first three quarterly periods of each of its fiscal
      years, such Borrower’s consolidated unaudited balance sheets as at the close of
      each such period and consolidated statements of income and a statement of cash
      flows for the period from the beginning of such fiscal year to the end of such
      quarter, all certified as to fairness of presentation, compliance with Agreement
      Accounting Principles (except for the absence of footnotes and year-end
      adjustments) and consistency by its chief financial officer, controller or
      treasurer.

     

    6.1.3
        Together
      with the financial statements required under Sections 6.1.1 and 6.1.2, a
      compliance certificate in substantially the form of Exhibit B signed by such
      Borrower’s chief financial officer, controller or treasurer showing the
      calculations necessary to determine compliance with this Agreement and stating
      that no Default or Unmatured Default with respect to 

     

    
      
        
        

      

      
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    such
      Borrower exists, or if any such Default or Unmatured Default exists, stating
      the
      nature and status thereof.

     

    6.1.4
        As
      soon
      as possible and in any event within 10 days after such Borrower knows that
      any
      ERISA Event has occurred that, alone or together with any other ERISA Events
      that have occurred, could reasonably be expected to result in liability of
      such
      Borrower, its Subsidiaries or any Commonly Controlled Entity in an aggregate
      amount exceeding $25,000,000, a statement, signed by the chief financial
      officer, controller or treasurer of such Borrower, describing said ERISA Event
      and the action which such Borrower proposes to take with respect
      thereto.

     

    6.1.5
        As
      soon
      as possible and in any event within 10 days after receipt by such Borrower,
      a
      copy of (a) any notice or claim to the effect that such Borrower or any of
      its
      Subsidiaries is or may be liable to any Person as a result of the release by
      such Borrower, any of its Subsidiaries, or any other Person of any toxic or
      hazardous waste or substance into the environment, and (b) any notice alleging
      any violation of any federal, state or local environmental, health or safety
      law
      or regulation by such Borrower or any of its Subsidiaries, which, in either
      case, could reasonably be expected to have a Material Adverse Effect with
      respect to such Borrower.

     

    6.1.6
        Promptly
      upon becoming aware thereof, notice of any upgrading or downgrading of the
      rating of such Borrower’s senior unsecured debt, commercial paper or First
      Mortgage Bonds by Moody’s or S&P.

     

    6.1.7
        Such
      other information (including non-financial information) as the Agent or any
      Lender may from time to time reasonably request.

     

    6.2.  Use
      of
      Proceeds and Letters of Credit.
      Each
      Borrower will, and will cause each of its Subsidiaries to, use the proceeds
      of
      the Advances for general corporate purposes, including without limitation,
      for
      working capital and other funding needs, to fund loans under and pursuant to
      the
      Money Pool Agreements, and to pay fees and expenses incurred in connection
      with
      this Agreement. Each Borrower shall use the proceeds of Advances in compliance
      with all applicable contractual, legal and regulatory requirements and any
      such
      use shall not result in a violation of any such requirements, including, without
      limitation, Regulation U and Regulation X, the Securities Act of 1933, as
      amended, and the Securities Exchange Act of 1934, as amended, and the
      regulations promulgated thereunder. Each Borrower shall use the Letters of
      Credit for general corporate purposes.

     

    6.3.  Notice
      of Default.
      Within
      five (5) Business Days after an Authorized Officer of any Borrower becomes
      aware
      thereof, such Borrower will, and will cause each Subsidiary to, give notice
      in
      writing to the Lenders of the occurrence of any Default or Unmatured Default
      and, unless otherwise reported to the SEC in such Borrower’s (or, in the case of
      Resources, CILCORP’s or CILCO’s) filings under the Securities Exchange Act of
      1934, of any other development, financial or otherwise, which could reasonably
      be expected to have a Material Adverse Effect with respect to such
      Borrower.

     

    
      
        
        

      

      
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    6.4.  Conduct
      of Business.
      Each
      Borrower will, and will cause each of its Subsidiaries to, carry on and conduct
      its business in substantially the same manner and in substantially the same
      fields of enterprise in which it is presently conducted or in a manner or fields
      of enterprise reasonably related thereto and do all things necessary to remain
      duly incorporated or organized, validly existing and (to the extent such concept
      applies to such entity) in good standing as a domestic corporation, partnership
      or limited liability company in its jurisdiction of incorporation or
      organization, as the case may be, and maintain all requisite authority to
      conduct its business in each jurisdiction in which its business is conducted.
      Notwithstanding the foregoing, no Borrower shall be prohibited from dissolving
      any Inactive Subsidiary or from the sale of any Subsidiary or assets pursuant
      to
      governmental or regulatory order or pursuant to Section 6.11.

     

    6.5.  Taxes.
      Each
      Borrower will, and will cause each of its Subsidiaries to, timely file complete
      and correct United States federal and applicable foreign, state and local tax
      returns required by law and pay when due all taxes, assessments and governmental
      charges and levies upon it or its income, profits or Property, except those
      which are being contested in good faith by appropriate proceedings and with
      respect to which adequate reserves have been recorded in accordance with
      Agreement Accounting Principles.

     

    6.6.  Insurance.
      Each
      Borrower will, and will cause each of its Subsidiaries to, maintain with
      financially sound and reputable insurance companies insurance on all its
      Property in such amounts, subject to such deductibles and self-insurance
      retentions, and covering such risks as is consistent with sound business
      practice, and such Borrower will furnish to any Lender upon request full
      information as to the insurance carried.

     

    6.7.  Compliance
      with Laws; Federal Energy Regulatory Commission and Illinois Commerce Commission
      Authorization.
      (a)
      Each
      Borrower will, and will cause each of its Subsidiaries to, comply with all
      laws,
      rules, regulations, orders, writs, judgments, injunctions, decrees or awards
      to
      which it may be subject including, without limitation, all Environmental Laws,
      except where the failure to do so, individually or in the aggregate, could
      not
      reasonably be expected to result in a Material Adverse Effect with respect
      to
      such Borrower.

     

    (b)
        Each
      Borrower further agrees not to request any Advance or permit any Loan to remain
      outstanding hereunder in violation of any applicable FERC or Illinois Commerce
      Commission authorization described in Section 5.18 or any conditions thereof,
      as
      in effect from time to time.

     

    6.8.  Maintenance
      of Properties.
      Subject
      to Section 6.11, each Borrower will, and will cause each of its Subsidiaries
      to,
      do all things necessary to maintain, preserve, protect and keep its Property
      used in the operation of its business in good repair, working order and
      condition (ordinary wear and tear excepted), and make all necessary and proper
      repairs, renewals and replacements so that its business carried on in connection
      therewith may be properly conducted at all times.

     

    6.9.  Inspection;
      Keeping of Books and Records.
      Each
      Borrower will, and will cause each of its Subsidiaries to, permit the Agent
      and
      the Lenders, by their respective representatives and agents, to inspect any
      of
      the Property, books and financial records of such Borrower and each of its
      Subsidiaries, to examine and make copies of the books of accounts and other
      financial 

     

    
      
        
        

      

      
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    records
      of such Borrower and each of its Subsidiaries, and to discuss the affairs,
      finances and accounts of such Borrower and each of its Subsidiaries with, and
      to
      be advised as to the same by, their respective officers at such reasonable
      times
      and intervals as the Agent or any Lender may designate. Each Borrower shall
      keep
      and maintain, and cause each of its Subsidiaries to keep and maintain, in all
      material respects, proper books of record and account in which entries in
      conformity with Agreement Accounting Principles shall be made of all dealings
      and transactions in relation to their respective businesses and activities.
      If a
      Default with respect to a Borrower has occurred and is continuing, such
      Borrower, upon the Agent’s request, shall turn over copies of any such records
      to the Agent or its representatives.

     

    6.10.  Merger.
      Each
      Borrower will not, nor will it permit any of its Subsidiaries to, merge or
      consolidate with or into any other Person, except (i) any Subsidiary other
      than
      a Borrower may merge or consolidate with a Borrower if such Borrower is the
      corporation surviving such merger, (ii) any Borrower may merge or
      consolidate with the Company if the Company is the corporation surviving such
      merger and becomes a Borrower hereunder succeeding to all the Obligations of
      such Borrower under documentation reasonably satisfactory to the Agent,
      (iii) any Subsidiary other than a Borrower may merge or consolidate with
      any other Subsidiary, provided
      that
      each Borrower’s aggregate direct and indirect ownership interest in the survivor
      thereof shall not be less than such Borrower’s direct and indirect ownership
      interest in either of such Subsidiaries prior to such merger, and (iv) any
      Borrower or any Subsidiary may merge or consolidate with any Person other than
      a
      Borrower or a Subsidiary if (a) such Person was organized under the laws of
      the
      United States of America or one of its States and (b) such Borrower or such
      Subsidiary is the corporation surviving such merger; provided
      that, in
      each case, after giving effect thereto, no Default with respect to such Borrower
      will be in existence.

     

    6.11.  Dispositions
      of Assets.
      No
      Borrower will, or will permit any of its Subsidiaries to, lease, sell or
      otherwise dispose of its Property to any other Person, including any of its
      Subsidiaries, whether existing on the date hereof or hereafter created,
      except:

     

    6.11.1
        Sales
      of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business.

     

    6.11.2
        A
      disposition of assets by a Subsidiary of such Borrower (other than a Subsidiary
      of such Borrower that is itself a Borrower) to such Borrower or another
      Subsidiary of such Borrower.

     

    6.11.3
        A
      disposition by a Borrower, or any of its Subsidiaries, to one of its
      Subsidiaries of Property received by such Borrower or such Subsidiary after
      the
      date hereof from the Company, directly or indirectly through another Subsidiary,
      specifically for transfer to the Subsidiary of such Borrower.

     

    6.11.4
        The
      payment of cash dividends by the Company or any Subsidiary to holders of its
      equity interests.

     

    6.11.5
        Advances
      of cash in the ordinary course of business pursuant to the Money Pool Agreements
      or other intercompany borrowing arrangements with terms substantially similar
      to
      the Money Pool Agreements.

     

    
      
        
        

      

      
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    6.11.6
        A
      disposition of obsolete property or property no longer used in the business
      of
      such Borrower or its Subsidiaries.

     

    6.11.7
        The
      transfer pursuant to a requirement of law or any regulatory authority having
      jurisdiction, of functional and/or operational control of (but not of title
      to)
      transmission facilities of such Borrower or its Subsidiaries to an Independent
      System Operator, Regional Transmission Organization or to some other entity
      which has responsibility for operating and planning a regional transmission
      system.

     

    6.11.8
        Dispositions
      pursuant to Leveraged Lease Sales.

     

    6.11.9
        [omitted].

     

    6.11.10
        Leases,
      sales or other dispositions by such Borrower or any of its Subsidiaries of
      its
      Property that, together with all other Property of such Borrower and its
      Subsidiaries previously leased, sold or disposed of (other than dispositions
      otherwise permitted by other provisions of this Section 6.11) since the Closing
      Date, do not constitute Property which represents more than fifteen percent
      (15%) of the Consolidated Tangible Assets of such Borrower as would be shown
      in
      the consolidated financial statements of such Borrower and its Subsidiaries
      as
      at the end of the fiscal year ending immediately prior to the date of any such
      lease, sale or other disposition.

     

    6.11.11
        Contributions,
      directly or indirectly, of capital, in the form of either debt or equity, by
      the
      Company or any Subsidiary to any Subsidiary of the Company. 

     

    6.11.12
        Transactions
      under which the Borrower, or its Subsidiary, that disposes of its Property
      receives in return consideration (i) in a form other than equity, other
      ownership interests or indebtedness and (ii) of which at least 75% is cash
      and/or assumption of debt; provided
      that any
      such cash consideration so received, unless retained by such Borrower or its
      Subsidiary at all times prior to the repayment of all Obligations under this
      Agreement, shall be used (x) within twelve months of the receipt thereof for
      investment or reinvestment by such Borrower or its Subsidiary in its existing
      business or (y)  within six months of the receipt thereof to reduce
      Indebtedness of such Borrower or its Subsidiary, and provided further
      that
      after taking into account the assets disposed of by such Borrower and its
      Subsidiaries in the aggregate and any investment or reinvestment of the proceeds
      thereof in the business of such Borrower and its Subsidiaries, no such
      transaction shall result in such Borrower and its Subsidiaries as a whole having
      disposed of all or substantially all of their assets.

     

    6.11.13
        Transfers
      of Receivables (and rights ancillary thereto) pursuant to, and in accordance
      with the terms of, a Permitted Securitization.

     

    
      
        
        

      

      
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    Notwithstanding
      any other provision of this Agreement, (a) CILCORP shall not dispose of any
      common stock of CILCO held by it, and (b) Resources shall not dispose of either
      the E.D. Edwards plant or the Duck Creek plant substantially as an entirety
      nor
      shall Resources dispose of any asset the disposition of which would adversely
      affect in any material respect the operation or the value of either the E.D.
      Edwards plant or the Duck Creek plant.

    

    6.12.  Indebtedness
      of Project Finance Subsidiaries, Investments in Project Finance Subsidiaries
      and
      Other Investments; Acquisitions. 

     

    6.12.1
        Neither
      any Borrower nor any of its Subsidiaries shall be directly or indirectly,
      primarily or secondarily, liable for any Indebtedness or any other form of
      liability, whether direct, contingent or otherwise, of a Project Finance
      Subsidiary nor shall any Borrower or any of its Subsidiaries provide any
      guarantee of the Indebtedness, liabilities or other obligations of a Project
      Finance Subsidiary. Each Borrower will not, nor will it permit any of its
      Subsidiaries to, make or suffer to exist Investments in Project Finance
      Subsidiaries in excess of $100,000,000 in the aggregate for all the Borrowers
      and Subsidiaries at any time. Each Borrower will not, nor will it permit any
      of
      its Subsidiaries to, consummate any Acquisition other than an Acquisition
      (a) which is consummated on a non-hostile basis approved by a majority of
      the board of directors or other governing body of the Person being acquired
      and
      (b) which involves the purchase of a business line similar, related,
      complementary or incidental to that of such Borrower and its Subsidiaries as
      of
      the Closing Date unless the purchase price therefor is less than or equal to
      (i)
      $10,000,000 with respect thereto or (ii) $50,000,000 when taken together with
      all other Acquisitions consummated by all the Borrowers and Subsidiaries during
      the term of this Agreement which do not otherwise satisfy the conditions
      described above in this clause (b), and, as of the date of such Acquisition
      and
      after giving effect thereto, no Default or Unmatured Default shall exist with
      respect to such Borrower.

     

    6.12.2
        No
      Borrower will, or will permit any of its Subsidiaries to, make any investment
      in, or lease, sell or otherwise dispose of any asset to, any Affiliate of the
      Company other than:

     

    (i)   
      as
      would
      be permitted under Section 6.11.1, 6.11.2, 6.11.8 or 6.11.13,

    

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

    

    
      
        
        

      

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

    

    (iv) 
      disposition
      by a Subsidiary to an Affiliate of the Company received by such Subsidiary
      after
      the Closing Date from the Company, directly or indirectly through another
      Subsidiary of the Company, specifically for disposition to such
      Affiliate,

    

    (v)  
      any
      investment by a Borrower in, or any other disposition by a Borrower to, an
      Affiliate of the Company, provided that the aggregate book value of all such
      investments made and assets disposed of in reliance on this clause (v) after
      the
      Closing Date by such Borrower does not exceed $25,000,000, and

    

    (vi) 
      the
      payment of cash dividends by a Borrower or any Subsidiary to holders of its
      equity interests, provided that the payment thereof is not prohibited by Section
      6.21.

    

    6.13.  Liens.
      Each
      Borrower will not, nor will it permit any of its Subsidiaries (other than a
      Project Finance Subsidiary) to, create, incur, or suffer to exist any Lien
      in,
      of or on the Property of such Borrower or any of its Subsidiaries,
      except:

     

    6.13.1
        Liens,
      if
      any, securing the Loans and other Obligations hereunder.

     

    6.13.2
        Liens
      for
      taxes, assessments or governmental charges or levies on its Property if the
      same
      shall not at the time be delinquent or thereafter can be paid without penalty,
      or are being contested in good faith and by appropriate proceedings and for
      which adequate reserves in accordance with Agreement Accounting Principles
      shall
      have been set aside on its books.

     

    6.13.3
        Liens
      imposed by law, such as landlords’, wage earners’, carriers’, warehousemen’s and
      mechanics’ liens and other similar liens arising in the ordinary course of
      business which secure payment of obligations not more than 60 days past due
      or
      which are being contested in good faith by appropriate proceedings and for
      which
      adequate reserves in accordance with Agreement Accounting Principles shall
      have
      been set aside on its books.

     

    6.13.4
        Liens
      arising out of pledges or deposits under worker’s compensation laws,
      unemployment insurance, old age pensions, or other social security or retirement
      benefits, or similar legislation.

     

    6.13.5
        Liens
      existing on the date hereof and described in Schedule 2.

     

    
      
        
        

      

      
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    6.13.6
        Deposits
      securing liability to insurance carriers under insurance or self-insurance
      arrangements.

     

    6.13.7
        Deposits
      or accounts to secure the performance of bids, trade contracts or obligations
      (other than for borrowed money), vendor and service provider arrangements,
      leases, statutory obligations, surety and appeal bonds, performance bonds and
      other obligations of a like nature incurred in the ordinary course of
      business.

     

    6.13.8
        Easements,
      reservations, rights-of-way, restrictions, survey exceptions and other similar
      encumbrances as to real property of such Borrower and its Subsidiaries which
      customarily exist on properties of corporations engaged in similar activities
      and similarly situated and which do not materially interfere with the conduct
      of
      the business of such Borrower or any such Subsidiary conducted at the property
      subject thereto.

     

    6.13.9
        Liens
      arising out of judgments or awards not exceeding $25,000,000 in the aggregate
      for all the Borrowers and Subsidiaries with respect to which appeals are being
      diligently pursued, and, pending the determination of such appeals, such
      judgments or awards having been effectively stayed.

     

    6.13.10
        Liens,
      securing obligations constituting neither obligations nor Contingent Obligations
      of the Borrower or any Subsidiary nor on account of which the Borrower or any
      Subsidiary customarily pays interest, upon real estate upon which the Borrower
      or any Subsidiary has a right-of-way, easement, franchise or other servitude
      or
      of which the Borrower or any Subsidiary is the lessee of the whole thereof
      or
      any interest therein, including, but not limited to, for the purpose of locating
      transmission and distribution lines and related support structures, pipe lines,
      substations, measuring stations, tanks, pumping or delivery equipment or similar
      equipment.

     

    6.13.11
        Liens
      arising by virtue of any statutory, contractual or common law provision relating
      to banker’s liens, rights of setoff or similar rights as to deposit accounts or
      other funds maintained with a depository institution. 

     

    6.13.12
        Liens
      (a)
      on assets of Resources existing on the date hereof that are set forth on the
      title report delivered in connection with the title insurance obtained pursuant
      to Section 4.2.7 or otherwise set forth on Schedule 2 and (b) subject to Section
      6.19.4, Liens created under a “Security Document”, as defined in the Resources
      Collateral Agency Agreement.

     

    6.13.13
        Liens
      (a)
      on assets of CIPS existing on the date hereof and (b) subject to Section 6.19.2,
      Liens created pursuant to the CIPS Indenture securing First Mortgage Bonds;
      provided
      that the
      Liens of such CIPS Indenture shall extend only to the property of CIPS
      (including, to the extent 

     

    
      
        
        

      

      
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    applicable,
      after acquired property) that is or would be covered by the Liens of the CIPS
      Indenture as in effect on the date hereof.

     

    6.13.14
        Any
      Liens
      existing on any assets of IP or any of its Subsidiaries or related trusts
      related to the Illinois Power Special Purpose Trust Transitional Funding Trust
      Notes, Series 1998-1. 

     

    6.13.15
        Liens
      existing on any capital assets of any Subsidiary of such Borrower at the time
      such Subsidiary becomes a Subsidiary and not created in contemplation of such
      event.

     

    6.13.16
        Liens
      on
      any capital assets securing Indebtedness incurred or assumed for the purpose
      of
      financing or refinancing all or any part of the cost of acquiring or
      constructing such asset; provided
      that
      such Lien attaches to such asset concurrently with or within eighteen (18)
      months after the acquisition or completion of construction thereof.

     

    6.13.17
        Liens
      existing on any capital assets of any Subsidiary of such Borrower at the time
      such Subsidiary is merged or consolidated with or into such Borrower or any
      Subsidiary and not created in contemplation of such event.

     

    6.13.18
        Liens
      existing on any assets prior to the acquisition thereof by such Borrower or
      any
      of its Subsidiaries and not created in contemplation thereof; provided
      that
      such Liens do not encumber any other property or assets.

     

    6.13.19
        Liens
      (a)
      on the capital stock of CILCO and on the assets of CILCO and any other
      Subsidiary of CILCORP existing on the date hereof, and/or (b) subject to Section
      6.19.1, created pursuant to the CILCO Indenture securing First Mortgage Bonds,
      and/or (c) subject to Section 6.19.5, created pursuant to the CILCORP Pledge
      Agreement; provided
      that the
      Liens of such CILCO Indenture or CILCORP Pledge Agreement shall extend only
      to
      the property (including, to the extent applicable, after acquired property)
      that
      is or would be covered by the Liens of the CILCO Indenture or CILCORP Pledge
      Agreement, as applicable, as in effect on the date hereof.

     

    6.13.20
        Undetermined
      Liens and charges incidental to construction.

     

    6.13.21
        Liens
      on
      Property or assets of a Subsidiary in favor of such Borrower or a Subsidiary
      that is directly or indirectly wholly owned by such Borrower.

     

    6.13.22
        Liens
      (a) on the assets of IP and any Subsidiary of IP existing on the date
      hereof and/or (b) subject to Section 6.19.3, created pursuant to the IP
      Indenture securing First Mortgage Bonds; provided
      that the
      Liens of such IP Indenture shall extend only to the property (including, to
      the
      extent 

     

    
      
        
        

      

      
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    applicable,
      after acquired property) that is or would be covered by the Liens of the IP
      Indenture as in effect on the date hereof.

     

    6.13.23
        Liens
      arising in connection with sales or transfers of, or financings secured by,
      Receivables, including Liens granted by an SPC to secure Indebtedness arising
      under a Permitted Securitization.

     

    6.13.24
        Liens
      arising out of the refinancing, extension, renewal or refunding of any
      Indebtedness secured by any Lien permitted by any of Section 6.13.12 through
      6.13.23; provided
      that (a)
      such Indebtedness is not secured by any additional assets, and (b) the amount
      of
      such Indebtedness secured by any such Lien is not increased.

     

    6.13.25
        Liens
      not
      described in Sections 6.13.1 through 6.13.24, inclusive, securing Indebtedness
      or other liabilities or obligations of a Borrower or its Subsidiaries in an
      aggregate principal amount outstanding for all such Liens not to exceed 10%
      of
      the Consolidated Tangible Assets of such Borrower at the time of the incurrence
      of any such Lien.

     

    

    6.14.  Affiliates.
      Each
      Borrower will not, and will not permit any of its Subsidiaries to, enter into
      any transaction (including without limitation, the purchase or sale of any
      Property or service) with, or make any payment or transfer to, any Affiliate
      (other than such Borrower and its Subsidiaries) except in the ordinary course
      of
      business and pursuant to the reasonable requirements of such Borrower’s or such
      Subsidiary’s business and, except to the extent that the terms and consideration
      of any such transaction are mandated, limited or otherwise subject to conditions
      imposed by any regulatory or government body, upon fair and reasonable terms
      no
      less favorable to such Borrower or such Subsidiary than such Borrower or such
      Subsidiary would obtain in a comparable arm’s-length transaction; provided,
      however, that this Section 6.14 shall not prohibit or restrict (i) transactions
      that provide for the purchase or sale of Property or services at cost that
      are
      entered into with any services company that is a Subsidiary of the Company,
      (ii)
      investments pursuant to cash management and money pool arrangements among the
      Company and its subsidiaries (consistent with past practices and subject to
      compliance with record-keeping arrangements sufficient to allow at any time
      the
      identification of cash to owners thereof at such time (it being understood
      that
      compliance with FERC or other applicable regulatory requirements to such effect
      shall be deemed sufficient)), (iii) customary sale and servicing transactions
      with an SPC pursuant to, and in accordance with the terms of, a Permitted
      Securitization, and (iv) payment of cash dividends pursuant to Section
      6.12.2.

     

    6.15.  Financial
      Contracts.
      Each
      Borrower will not, nor will it permit any
      of
      its Subsidiaries,
      to,
      enter into or remain liable upon any Rate Management Transactions except for
      those entered into in the ordinary course of business for bona fide hedging
      purposes and not for speculative purposes.

     

    6.16.  Subsidiary
      Covenants.
      Each
      Borrower will not, and will not permit any
      of
      its Subsidiaries
      other
      than a Project Finance Subsidiary to, create or otherwise cause to become
      effective any consensual encumbrance or restriction of any kind on the ability
      of any such 

     

    
      
        
        

      

      
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    Subsidiary
      other than a Project Finance Subsidiary (i) to pay dividends or make any other
      distribution on its common stock, (ii) to pay any Indebtedness or other
      obligation owed to such Borrower or any other Subsidiary of such Borrower,
      or
      (iii) to make loans or advances or other Investments in such Borrower or any
      other Subsidiary of such Borrower, in each case, other than (a) restrictions
      and
      conditions imposed by law or by this Agreement, the Existing Credit Agreement,
      the CILCORP Pledge Agreement or the Resources Collateral Agency Agreement,
      (b)
      restrictions and conditions existing on the date hereof, in each case as
      identified on Schedule 3 (without giving effect to any amendment or modification
      expanding the scope of any such restriction or condition), (c) customary
      restrictions and conditions relating to an SPC contained in agreements governing
      a Permitted Securitization, and (d) customary restrictions and conditions
      contained in agreements relating to the sale of a Subsidiary pending such sale,
      provided that such restrictions and conditions apply only to the Subsidiary
      that
      is to be sold and such sale is permitted hereunder.

     

    6.17.  Leverage
      Ratio.
      Each
      Borrower will not permit the ratio of (i) its Consolidated Indebtedness to
      (ii)
      its Consolidated Total Capitalization to be greater than 0.65 to 1.00 at any
      time for each Borrower; provided that
      Consolidated Indebtedness, solely as such term is used in, and solely for the
      purpose of, clause (i) of this Section 6.17, shall not include subordinated
      indebtedness which, by it terms, is subordinated to the Obligations on terms
      not
      less favorable to the Lenders than those set forth in Exhibit G (it being
      understood that any such subordinated indebtedness will be expressly
      subordinated to all Obligations, including Obligations in respect of Letters
      of
      Credit).

     

    6.18.  Further
      Assurances. 

     

    6.18.1 CILCO.
      CILCO
      will, at the expense of CILCO, make, execute, endorse, acknowledge, file and/or
      deliver to the Agent from time to time such assurances or instruments and take
      such further steps relating to the CILCO Credit Agreement Bonds as the Agent
      may
      reasonably require to maintain the validity and the continued enforceability
      of
      the CILCO Credit Agreement Bonds as are generally consistent with the terms
      of
      this Agreement and the Loan Documents. Furthermore, CILCO will deliver to the
      Agent such opinions of counsel and other information and related documents
      as
      may be reasonably requested by the Agent to assure compliance with this Section
      6.18.1. CILCO agrees that each action required by this Section 6.18.1 shall
      be
      completed as soon as reasonably practical, but in no event later than 30 days
      (or such greater number of days as the Agent may agree) after such action is
      requested to be taken by the Agent.

    

    6.18.2 CIPS.
      CIPS
      will, at the expense of CIPS, make, execute, endorse, acknowledge, file and/or
      deliver to the Agent from time to time such assurances or instruments and take
      such further steps relating to the CIPS Credit Agreement Bonds covered by any
      of
      the Loan Documents as the Agent may reasonably require to maintain the validity
      and the continued enforceability of the CIPS Credit Agreement Bonds as are
      generally consistent with the terms of this Agreement and the Loan Documents.
      Furthermore, CIPS will deliver to the Agent such opinions of counsel and other
      information and related documents as may be reasonably requested by the Agent
      to
      assure compliance with this Section 6.18.2. CIPS agrees that each action
      required by this Section 6.18.2 shall be completed as soon as reasonably
      practical, but in no event later 

     

    
      
        
        

      

      
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    than
      30
      days (or such greater number of days as the Agent may agree) after such action
      is requested to be taken by the Agent.

    

    6.18.3 IP.
      IP
      will, at the expense of IP, make, execute, endorse, acknowledge, file and/or
      deliver to the Agent from time to time such assurances or instruments and take
      such further steps relating to the IP Credit Agreement Bond as the Agent may
      reasonably require to maintain the validity and the continued enforceability
      of
      the IP Credit Agreement Bond as are generally consistent with the terms of
      this
      Agreement and the Loan Documents. Furthermore, IP will deliver to the Agent
      such
      opinions of counsel and other information and related documents as may be
      reasonably requested by the Agent to assure compliance with this Section 6.18.3.
      IP agrees that each action required by this Section 6.18.3 shall be completed
      as
      soon as reasonably practical, but in no event later than 30 days (or such
      greater number of days as the Agent may agree) after such action is requested
      to
      be taken by the Agent.

    

    6.18.4 Resources.
      Resources will at the expense of Resources, make, execute, endorse, acknowledge,
      file and/or deliver to the Agent from time to time such assurances or
      instruments and take such further steps relating to the Resources Collateral
      Documents as the Agent may reasonably require to maintain the validity and
      the
      continued enforceability of the Resources Mortgages as are generally consistent
      with the terms of this Agreement and the Loan Documents, including as to any
      after-acquired property constituting part of the real property, fixtures and
      operating equipment of Resources located at the E.D. Edwards plant in
      Bartonville, Illinois, or at the Duck Creek plant in Canton, Illinois, as
      reflected in the Property and Plant accounts on the balance sheet of Resources
      or, to the extent assignable, constituting any license, permit, easement or
      similar right necessary to the operation of such fixtures and operating
      equipment. Furthermore, Resources will deliver to the Agent such opinions of
      counsel and other information and related documents as may be reasonably
      requested by the Agent to assure compliance with this Section 6.18.4. Resources
      agrees that each action required by this Section 6.18.4 shall be completed
      as
      soon as reasonably practical, but in no event later than 30 days (or such
      greater number of days as the Agent may agree) after such action is requested
      to
      be taken by the Agent.

    

    6.18.5 CILCORP.
      CILCORP
      will at the expense of CILCORP, make, execute, endorse, acknowledge, file and/or
      deliver to the Agent from time to time such assurances or instruments and take
      such further steps relating to the CILCORP Collateral Documents as the Agent
      may
      reasonably require to maintain the validity and the continued enforceability
      of
      the CILCORP Pledge Agreement as are generally consistent with the terms of
      this
      Agreement and the Loan Documents. Furthermore, CILCORP will deliver to the
      Agent
      such opinions of counsel and other information and related documents as may
      be
      reasonably requested by the Agent to assure compliance with this Section 6.18.5.
      CILCORP agrees that each action required by this Section 6.18.5 shall be
      completed as soon as reasonably practical, but in no event later than 30 days
      (or such greater number of days as the Agent may agree) after such action is
      requested to be taken by the Agent.

    

    6.19.  Other
      Indebtedness under Collateral Documents. 

     

    
      
        
        

      

      
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    6.19.1 CILCO.
      CILCO
      shall at all times maintain issuance availability in an amount not less than
      the
      CILCO Minimum Bonding Capacity under the CILCO Indenture (giving effect to
      any
      applicable “net earnings certificate” requirement) based upon “property
      additions” (as defined in the CILCO Indenture) or upon bonds that have been
      paid, retired, redeemed, canceled or surrendered for cancelation.

    

    6.19.2 CIPS.
      CIPS
      shall at all times maintain issuance availability in an amount not less than
      the
      CIPS Minimum Bonding Capacity under the CIPS Indenture (giving effect to any
      applicable “net earnings” certificate requirement) based upon “bondable
      property” (as defined in the CIPS Indenture) or upon bonds that have been paid,
      canceled, redeemed or otherwise discharged.

    

    6.19.3 IP.
      IP
      shall at all times maintain issuance availability in an amount not less than
      the
      IP Minimum Bonding Capacity under the IP Indenture (giving effect to any
      applicable “Net Earnings Certificate” requirement) based upon “Property
      Additions” or “Retired Bonds” (as such terms are defined in the IP
      Indenture).

    

    6.19.4
      Resources.
      Resources shall not at any time permit the aggregate principal amount of
      Indebtedness other than the Obligations and the “Obligations” of Resources under
      the Existing Credit Agreement that is secured by a Lien under any “Security
      Document”, as defined in the Resources Collateral Agency Agreement, to exceed
      $100,000,000 plus
      the
      amount, if any, by which $200,000,000 exceeds Resources’ “Borrower Sublimit” at
      such time under the Existing Credit Agreement or minus
      the
      amount, if any, by which Resources’ “Borrower Sublimit” at such time under the
      Existing Credit Agreement exceeds $200,000,000, and plus
      the
      amount by which Resources’ Borrower Sublimit is reduced below $100,000,000
      pursuant to Section 2.8.3.

    

    6.19.5
      CILCORP.
      CILCORP
      shall not at any time permit the aggregate principal amount of Indebtedness
      other than the Obligations and the “Obligations” of CILCORP under the Existing
      Credit Agreement that is secured by a Lien under the CILCORP Pledge Agreement
      to
      exceed at any time an amount equal to $425,000,000 plus
      the
      amount, if any, by which $50,000,000 exceeds CILCORP’s “Borrower Sublimit” at
      such time under the Existing Credit Agreement or minus
      the
      amount, if any, by which CILCORP’s “Borrower Sublimit” at such time under the
      Existing Credit Agreement exceeds $50,000,000, and plus
      the
      amount by which CILCORP’s Borrower Sublimit is reduced below $125,000,000
      pursuant to Section 2.8.3.

    

    6.20.  Amendments
      of Collateral Documents. 

     

    6.20.1 CILCO.
      CILCO
      will not amend, supplement, waive or terminate the CILCO Indenture in any manner
      that is materially adverse to the Lenders; provided
      the
      foregoing shall not prohibit CILCO from supplementing the CILCO Indenture in
      order to provide for the issuance of additional First Mortgage Bonds in
      accordance with the CILCO Indenture, subject to compliance with Section 6.19.1,
      or to add property to the lien of the CILCO Indenture, subject to compliance
      with Section 6.13.19.

    

    
      
        
        

      

      
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    6.20.2 CIPS.
      CIPS
      will not amend, supplement, waive or terminate the CIPS Indenture in any manner
      that is materially adverse to the Lenders; provided
      the
      foregoing shall not prohibit CIPS from supplementing the CIPS Indenture in
      order
      to provide for the issuance of additional First Mortgage Bonds in accordance
      with the CIPS Indenture, subject to compliance with Section 6.19.2, or to add
      property to the lien of the CIPS Indenture, subject to compliance with Section
      6.13.13.

    

    6.20.3 IP.
      IP will
      not amend, supplement, waive or terminate the IP Indenture in any manner that
      is
      materially adverse to the Lenders; provided
      the
      foregoing shall not prohibit IP from supplementing the IP Indenture in order
      to
      provide for the issuance of additional First Mortgage Bonds in accordance with
      the IP Indenture, subject to compliance with Section 6.19.3, or to add property
      to the lien of the IP Indenture, subject to compliance with Section
      6.13.22.

    

    6.20.4 Resources.
      Resources will not amend, supplement, waive or terminate the Resources
      Collateral Agency Agreement in any manner that is materially adverse to the
      Lenders; provided
      the
      foregoing shall not prohibit Resources from having outstanding up to
      $400,000,000 aggregate principal amount of Indebtedness (including Resources’
Borrower Sublimit under this Agreement and Resources’ “Borrower Sublimit” under
      the Existing Agreement) secured ratably by the Resources Mortgaged Property
      in
      accordance with the Resources Collateral Agency Agreement, subject to compliance
      with Section 6.19.4, if Resources, at its sole cost and expense, purchases
      additional title insurance so that the aggregate insurance is not less than
      the
      aggregate amount of (a) the greater at such time of the aggregate amount of
      the
      Borrower Credit Exposures and the Aggregate Commitment and (b) the amount of
      the
      additional Indebtedness, either in the form of amendments to the existing title
      insurance policies insuring the Resources Mortgages or new title insurance
      policies insuring the same. Resources will not amend, supplement, waive or
      terminate either Resources Mortgage without the prior written approval of the
      Required Lenders.

    

    6.20.5 CILCORP.
      CILCORP
      will not amend, supplement, waive or terminate the CILCORP Pledge Agreement
      in
      any manner that is materially adverse to the Lenders; provided
      the
      foregoing shall not prohibit CILCORP from having outstanding up to $600,000,000
      aggregate principal amount of Indebtedness (including CILCORP’s Borrower
      Sublimit under this Agreement and CILCORP’s “Borrower Sublimit under the
      Existing Agreement) secured ratably by a Lien under the CILCORP Pledge
      Agreement, subject to compliance with Section 6.19.5.

    

    6.21.  Restricted
      Payments.
      (a) No
      Borrower will declare or make, or agree to pay or make, directly or indirectly,
      any Restricted Payment, or incur any obligation (contingent or otherwise) to
      do
      so, at any time that a Default shall have occurred and be continuing in respect
      of such Borrower.

     

    (b)
      No
      Borrower will declare or make, or agree to pay or make, directly or indirectly,
      any Restricted Payment, or incur any obligation (contingent or otherwise) to
      do
      so, at any time that (i) the Moody’s Rating (as defined in the Pricing Schedule)
      in respect of such Borrower then in effect shall be Ba1 or lower, or no Moody’s
      Rating shall be in effect for such Borrower, or (ii)

     

    
      
        
        

      

      
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    the
      S&P Rating (as defined in the Pricing Schedule) in respect of such Borrower
      then in effect shall be BB+ or lower, or no S&P Rating shall be in effect
      for such Borrower, provided
      that in
      the case of Resources, the restrictions set forth in this Section 6.21(b) shall
      not apply notwithstanding that Resources has no Moody’s Rating or no S&P
      Rating if Resources’ Consolidated Total Debt to Consolidated Operating Cash Flow
      Ratio (as defined in the Pricing Schedule) is less than or equal to 3.0 to
      1.0,
      and provided further
      that
      notwithstanding the application of clause (i) or (ii) at any time, each Borrower
      may (subject to paragraph (a) above) declare and pay Restricted Payments in
      an
      aggregate amount during any fiscal year of such Borrower not to exceed
      $10,000,000.

    

    6.22.  CILCO
      Preferred Stock.
      CILCO
      shall not issue any preferred stock if after giving effect to such issuance
      the
      aggregate liquidation value of all CILCO preferred stock issued after the
      Closing Date would exceed $50,000,000.

     

        
      ARTICLE VII  

     

    DEFAULTS

     

    The
      occurrence of any one or more of the following events in respect of any Borrower
      shall constitute a Default with respect to such Borrower:

     

    7.1. Any
      representation or warranty made or deemed made by or on behalf of such Borrower
      (including any representation or warranty deemed made by such Borrower as to
      one
      of its Subsidiaries) to the Lenders, the Issuing Banks or the Agent under or
      in
      connection with this Agreement, any Collateral Document, any Credit Extension,
      or any certificate or information delivered in connection with this Agreement
      or
      any other Loan Document shall be false in any material respect on the date
      as of
      which made or deemed made.

     

    7.2. Such
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries, shall
      fail to pay in respect of any Obligation owing by it (i) principal of any Loan
      when due, or (ii) interest upon any Loan or any Facility Fee or other
      Obligations under any of the Loan Documents within five (5) Business Days after
      such interest, fee or other Obligation becomes due.

     

    7.3. The
      breach by such Borrower of any of the terms or provisions of Section 6.2, 6.3,
      6.9, 6.10, 6.11, 6.12, 6.13, 6.14, 6.15, 6.16, 6.17, 6.19, 6.20, 6.21 and
      6.22.

     

    7.4. The
      breach by such Borrower (other than a breach which constitutes a Default under
      another Section of this Article VII) of any of the terms or provisions of this
      Agreement or any Collateral Document which is not remedied within fifteen (15)
      days after the earlier to occur of (i) written notice from the Agent or any
      Lender to such Borrower or (ii) an Authorized Officer otherwise becoming aware
      of any such breach.

     

    7.5. (A)
      Failure of such Borrower or, in the case of CILCORP, CILCORP or any of its
      Subsidiaries (other than Project Finance Subsidiaries), to pay when due any
      Material Indebtedness; or the default by such Borrower or, in the case of
      CILCORP, CILCORP or any of its Subsidiaries (other than Project Finance
      Subsidiaries) in the performance (beyond the 

     

    
      
        
        

      

      
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    applicable
      grace period with respect thereto, if any) of any term, provision or condition
      contained in any Material Indebtedness Agreement or any other event shall occur
      or condition exist, the effect of which default, event or condition is to cause,
      or to permit the holder(s) of such Material Indebtedness or the lender(s) under
      any Material Indebtedness Agreement to cause, such Material Indebtedness to
      become due prior to its stated maturity or any commitment to lend under any
      Material Indebtedness Agreement to be terminated prior to its stated expiration
      date; or any Material Indebtedness of such Borrower or, in the case of CILCORP,
      CILCORP or any of its Subsidiaries (other than Project Finance Subsidiaries)
      shall be declared to be due and payable or required to be prepaid or repurchased
      (other than by a regularly scheduled payment) prior to the stated maturity
      thereof; or such Borrower or, in the case of CILCORP, CILCORP or any of its
      Subsidiaries (other than Project Finance Subsidiaries), shall not pay, or admit
      in writing its inability to pay, its debts generally as they become due;
provided
      that no
      Default shall occur under this Section 7.5 as a result of (i) any notice of
      voluntary prepayment delivered by such Borrower or any Subsidiary with respect
      to any Indebtedness, or (ii) any voluntary sale of assets by such Borrower
      or
      any Subsidiary permitted hereunder as a result of which any Indebtedness secured
      by such assets is required to be prepaid; or (B) any “Default” with respect to
      such Borrower under the Existing Credit Agreement.

     

    7.6. Such
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries (other
      than Project Finance Subsidiaries or an SPC) shall (i) have an order for relief
      entered with respect to it under the Federal bankruptcy laws as now or hereafter
      in effect, (ii) make an assignment for the benefit of creditors, (iii) apply
      for, seek, consent to, or acquiesce in, the appointment of a receiver,
      custodian, trustee, examiner, liquidator or similar official for it or any
      Substantial Portion of its Property, (iv) institute any proceeding seeking
      an
      order for relief under the Federal bankruptcy laws as now or hereafter in effect
      or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution,
      winding up, liquidation, reorganization, arrangement, adjustment or composition
      of it or its debts under any law relating to bankruptcy, insolvency or
      reorganization or relief of debtors or fail to file an answer or other pleading
      denying the material allegations of any such proceeding filed against it, (v)
      take any corporate or partnership action to authorize or effect any of the
      foregoing actions set forth in this Section 7.6, (vi) fail to contest in good
      faith any appointment or proceeding described in Section 7.7, or (vii) become
      unable, admit in writing its inability or fail generally to pay its debts as
      they become due.

     

    7.7. Without
      the application, approval or consent of such Borrower or, in the case of
      CILCORP, CILCORP or any of its Subsidiaries (other than a Project Finance
      Subsidiary or an SPC ), a receiver, trustee, examiner, liquidator or similar
      official shall be appointed for such Borrower or, in the case of CILCORP,
      CILCORP or any of its Subsidiaries (other than a Project Finance Subsidiary
      or
      an SPC) or any Substantial Portion of its Property, or a proceeding described
      in
      Section 7.6(iv) shall be instituted against such Borrower or, in the case of
      CILCORP, CILCORP or any of its Subsidiaries (other than a Project Finance
      Subsidiary or an SPC) and such appointment continues undischarged or such
      proceeding continues undismissed or unstayed for a period of 60 consecutive
      days.

     

    7.8. Any
      court, government or governmental agency shall condemn, seize or otherwise
      appropriate, or take custody or control of, all or any portion of the Property
      of such Borrower or, 

     

    
      
        
        

      

      
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    in
      the
      case of CILCORP, CILCORP or any of its Subsidiaries (other than Project Finance
      Subsidiaries or an SPC), which, when taken together with all other Property
      of
      such Borrower or, in the case of CILCORP, CILCORP and its Subsidiaries (other
      than Project Finance Subsidiaries or an SPC), so condemned, seized,
      appropriated, or taken custody or control of, during the twelve-month period
      ending with the month in which any such action occurs, constitutes a Substantial
      Portion of its Property.

     

    7.9. Such
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries (other
      than Project Finance Subsidiaries or an SPC) shall fail within 45 days to pay,
      bond or otherwise discharge one or more (i) judgments or orders for the payment
      of money in excess of $25,000,000 (or the equivalent thereof in currencies
      other
      than Dollars) in the aggregate (net of any amount covered by insurance), or
      (ii)
      nonmonetary judgments or orders which, individually or in the aggregate, could
      reasonably be expected to have a Material Adverse Effect, which judgment(s),
      in
      any such case, is/are not stayed on appeal or otherwise being appropriately
      contested in good faith.

     

    7.10. An
      ERISA
      Event shall have occurred that, in the opinion of the Required Lenders, when
      taken together with all other ERISA Events that have occurred, could reasonably
      be expected to result in liability of such Borrower, its Subsidiaries or any
      Commonly Controlled Entity in an aggregate amount exceeding
      $25,000,000.

     

    7.11. Nonpayment
      when due (after giving effect to any applicable grace period) by such Borrower
      or, in the case of CILCORP, CILCORP or any of its Subsidiaries (other than
      Project Finance Subsidiaries or an SPC) of obligations or settlement amounts
      under Rate Management Transactions in an aggregate amount of $10,000,000 or
      more, or the breach (beyond any grace period applicable thereto) by such
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries (other
      than Project Finance Subsidiaries or an SPC) of any term, provision or condition
      contained in any Rate Management Transaction the effect of which is to cause,
      or
      to permit the counterparty(ies) thereof to cause, the termination of such Rate
      Management Transaction resulting in liability of such Borrower or, in the case
      of CILCORP, CILCORP and such Subsidiaries for obligations and/or settlement
      amounts under such Rate Management Transactions in an aggregate amount of
      $10,000,000 or more.

     

    7.12. Any
      Change in Control with respect to such Borrower shall occur.

     

    7.13. Such
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries, shall
      (i) be the subject of any proceeding or investigation pertaining to the release
      by such Borrower (or, in the case of CILCORP, CILCORP or any of its
      Subsidiaries) or any other Person of any toxic or hazardous waste or substance
      into the environment, or (ii) violate any Environmental Law; which, in the
      case
      of an event described in clause (i) or clause (ii), has resulted in liability
      to
      such Borrower or, in the case of CILCORP, CILCORP and its Subsidiaries, in
      an
      amount equal to $50,000,000 or more (in the case of CILCORP, in the aggregate
      for CILCORP and all its Subsidiaries), which liability is not paid, bonded
      or
      otherwise discharged within 45 days or which is not stayed on appeal and being
      appropriately contested in good faith.

     

    7.14. Any
      Loan
      Document shall fail to remain in full force or effect with respect to such
      Borrower or in respect of any Lien thereunder intended to secure the Obligations
      of such Borrower or any such Lien (subject to Liens and exceptions permitted
      by
      the Loan Documents) 

     

    
      
        
        

      

      
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    shall
      fail to constitute a perfected first priority Lien securing the Obligations
      of
      such Borrower, or any action shall be taken to discontinue or to assert the
      invalidity or unenforceability of any Loan Document with respect to such
      Borrower or any Lien or the priority of any Lien intended to secure the
      Obligations of such Borrower.

     

    7.15. Any
      event
      shall occur or condition shall exist (i) in the case of CILCO, under the CILCO
      Indenture or any agreement or instrument relating to any Indebtedness thereunder
      and shall continue after the applicable grace period, if any, specified in
      the
      CILCO Indenture or such agreement or instrument, if the effect of such event
      or
      condition is to accelerate the maturity of any Indebtedness secured by the
      CILCO
      Indenture; (ii) in the case of CIPS, under the CIPS Indenture or any agreement
      or instrument relating to any Indebtedness thereunder and shall continue after
      the applicable grace period, if any, specified in the CIPS Indenture or such
      agreement or instrument, if the effect of such event or condition is to
      accelerate the maturity of any Indebtedness secured by the CIPS Indenture;
      (iii)
      in the case of IP, under the IP Indenture or any agreement or instrument
      relating to any Indebtedness thereunder and shall continue after the applicable
      grace period, if any, specified in the IP Indenture or such agreement or
      instrument, if the effect of such event or condition is to accelerate the
      maturity of any Indebtedness secured by the IP Indenture; (iv) in the case
      of
      Resources, under any agreement or instrument relating to any Indebtedness
      secured by any “Security Document”, as defined in the Resources Collateral
      Agency Agreement, if the effect of such event or condition is to accelerate
      the
      maturity of such Indebtedness; and (v) in the case of CILCORP, under any
      agreement or instrument relating to any Indebtedness secured by the CILCORP
      Pledge Agreement, if the effect of such event or condition is to accelerate
      the
      maturity of such Indebtedness.

     

    7.16. (a)
      In
      the case of CILCO, (i) the CILCO Credit Agreement Bonds delivered pursuant
      hereto shall cease to be outstanding for any reason other than (A) both CILCO’s
      Borrower Sublimit and CILCO’s Borrower Credit Exposure have been reduced to
      zero, (B) the payment in full of the CILCO Credit Agreement Bonds or (C) the
      return by the Agent of the CILCO Credit Agreement Bonds to CILCO or the CILCO
      Trustee, or (ii) the Agent, on behalf of the Lenders, shall cease at any time
      to
      be the holder of the CILCO Credit Agreement Bonds delivered pursuant hereto
      for
      all purposes of the CILCO Indenture (unless the CILCO Credit Agreement Bonds
      are
      transferred by the Agent); (b) in the case of CIPS, (i) the CIPS Credit
      Agreement Bonds delivered pursuant hereto shall cease to be outstanding for
      any
      reason other than (A) both CIPS’s Borrower Sublimit and CIPS’s Borrower Credit
      Exposure have been reduced to zero, (B) the payment in full of the CIPS Credit
      Agreement Bonds or (C) the return by the Agent of the CIPS Credit Agreement
      Bonds to CIPS or the CIPS Trustees, or (ii) the Agent, on behalf of the Lenders,
      shall cease at any time to be the holder of the CIPS Credit Agreement Bonds
      delivered pursuant hereto for all purposes of the CIPS Indenture (unless the
      CIPS Credit Agreement Bonds are transferred by the Agent); or (c) in the case
      of
      IP, (i) the IP Credit Agreement Bond shall cease to be outstanding for any
      reason other than (A) both IP’s Borrower Sublimit and IP’s Borrower Credit
      Exposure have been reduced to zero, (B) the payment in full of the IP Credit
      Agreement Bond or (C) the return by the Agent of the IP Credit Agreement Bond
      to
      IP or the IP Trustee, or (ii) the Agent, on behalf of the Lenders, shall cease
      at any time to be the holder of the IP Credit Agreement Bond for all purposes
      of
      the IP Indenture (unless the IP Credit Agreement Bond is transferred by the
      Agent).

     

    
      
        
        

      

      
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    ARTICLE
      VIII  

     

    ACCELERATION,
      WAIVERS, AMENDMENTS AND REMEDIES

     

    8.1.  Acceleration.
      If any
      Default described in Section 7.6 or 7.7 occurs with respect to a Borrower or,
      in
      the case of CILCORP, CILCORP or any of its Subsidiaries (other than any Project
      Finance Subsidiary or an SPC), the obligations of the Lenders to make Loans
      and
      of the Issuing Banks to issue Letters of Credit hereunder to such Borrower
      shall
      automatically terminate and the Obligations of such Borrower shall immediately
      become due and payable without any election or action on the part of the Agent,
      any Issuing Bank or any Lender. If any other Default occurs with respect to
      a
      Borrower or, in the case of CILCORP, CILCORP or any of its Subsidiaries (other
      than any Project Finance Subsidiary or an SPC to the extent excluded from such
      Default by the provisions of Article VII), the Required Lenders (or the Agent
      with the consent of the Required Lenders) may terminate or suspend the
      obligations of the Lenders to make Loans and of the Issuing Banks to issue
      Letters of Credit hereunder to such Borrower, or declare the Obligations to
      be
      due and payable, or both, whereupon the Obligations shall become immediately
      due
      and payable, without presentment, demand, protest or notice of any kind, all of
      which such Borrower hereby expressly waives.

     

    If,
      after
      acceleration of the maturity of the Obligations or termination of the
      obligations of the Lenders to make Loans and of the Issuing Banks to issue
      Letters of Credit hereunder as a result of any Default (other than any Default
      as described in Section 7.6 or 7.7 with respect to such Borrower) and before
      any
      judgment or decree for the payment of the Obligations due shall have been
      obtained or entered, the Required Lenders (in their sole discretion) shall
      so
      direct, the Agent shall, by notice to such Borrower, rescind and annul such
      acceleration and/or termination.

     

    8.2.  Amendments.
      Subject
      to the provisions of this Section 8.2, the Required Lenders (or the Agent with
      the consent in writing of the Required Lenders) and the Borrowers may enter
      into
      agreements supplemental hereto for the purpose of adding or modifying any
      provisions to the Loan Documents or changing in any manner the rights of the
      Lenders or the Borrowers hereunder or thereunder or waiving any Default
      hereunder or thereunder;
      provided, however,
      that no
      such supplemental agreement shall, without the consent of all of the
      Lenders:

     

    8.2.1
        Extend
      the final maturity of any Revolving Loan or LC Disbursement or postpone any
      payment of principal of any Revolving Loan or LC Disbursement or forgive all
      or
      any portion of the principal amount thereof, or reduce the rate or extend the
      time of payment of interest or fees thereon (other than a waiver of the
      application of the default rate of interest pursuant to Section 2.14
      hereof).

     

    8.2.2
        Waive
      any
      condition set forth in Section 4.4, reduce the percentage specified in the
      definition of Required Lenders or any other percentage of Lenders specified
      to
      be the Pro Rata Share in this Agreement to act on specified matters or amend
      the
      definition of “Pro Rata Share”.

     

    8.2.3
        Extend
      the Maturity Date, or reduce the amount or extend the payment date for, the
      mandatory payments required under Section 2.2, or 

     

    
      
        
        

      

      
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    increase
      the amount of the Commitment of any Lender hereunder or change the definition
      of
      Borrower Sublimit hereunder, or permit any Borrower to assign its rights or
      obligations under this Agreement or change Section 2.15 or 2.8.3 in a manner
      that would alter the pro rata sharing of payments or the application of
      reductions of commitments on a ratable basis required thereby.

     

    8.2.4
        Terminate
      the interest of the Agent in all or any portion of the CILCO Credit Agreement
      Bonds, the CIPS Credit Agreement Bonds or the IP Credit Agreement Bonds without
      the written consent of each Lender or consent to the release all or
      substantially all the Resources Mortgaged Property from the Liens of the
      Resources Mortgages or the release all or substantially all the collateral
      under
      the CILCORP Pledge Agreement from the Lien thereof securing the Obligations,
      in
      each case unless both the Borrower Sublimit and the Borrower Credit Exposure
      of
      the applicable Borrower have been reduced to zero.

     

    8.2.5
        Amend
      this Section 8.2.

     

    No
      amendment of any provision of this Agreement relating to the Agent, any Issuing
      Bank or the Swingline Lender shall be effective without the written consent
      of
      the Agent, such Issuing Bank or the Swingline Lender, as the case may be. The
      Agent may waive payment of the fee required under Section 12.3.3 without
      obtaining the consent of any other party to this Agreement. Notwithstanding
      the
      foregoing, any provision of this Agreement may be amended by an agreement in
      writing entered into by the Borrowers, the Required Lenders and the Agent if
      (i)
      by the terms of such agreement any remaining Commitment of each Lender not
      consenting to the amendment provided for therein shall terminate upon the
      effectiveness of such amendment and (ii) at the time such amendment becomes
      effective, each Lender not consenting thereto receives payment in full of the
      principal of and interest accrued on each Advance made by it and all other
      amounts owing to it or accrued for its account under this
      Agreement.

     

    8.3.  Preservation
      of Rights.
      No
      delay or omission of the Lenders, the Agent or the Issuing Banks to exercise
      any
      right under the Loan Documents shall impair such right or be construed to be
      a
      waiver of any Default or an acquiescence therein, and the making of a Credit
      Extension notwithstanding the existence of a Default or Unmatured Default or
      the
      inability of a Borrower to satisfy the conditions precedent to such Credit
      Extension shall not constitute any waiver or acquiescence. Any single or partial
      exercise of any such right shall not preclude other or further exercise thereof
      or the exercise of any other right, and no waiver, amendment or other variation
      of the terms, conditions or provisions of the Loan Documents whatsoever shall
      be
      valid unless in writing signed by, or by the Agent with the consent of, the
      requisite number of Lenders required pursuant to Section 8.2, and then only
      to
      the extent in such writing specifically set forth. All remedies contained in
      the
      Loan Documents or by law afforded shall be cumulative and all shall be available
      to the Agent, the Issuing Banks and the Lenders until all of the Obligations
      have been paid in full.

     

    8.4.  Release
      of Liens.
      Notwithstanding any other provision in this Agreement to the contrary, the
      Agent
      is hereby authorized, and shall, without any further action or consent of the
      Lenders, (i) release or consent to the release of any Lien securing the
      Obligations in respect of 

     

    
      
        
        

      

      
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    any
      asset
      disposed of to any Person that is not an Affiliate of the Borrower disposing
      of
      such asset in accordance with the provisions of Section 6.11 or any asset
      disposed of by a Borrower or one of its Subsidiaries to any Affiliate of the
      Company (other than to any of such disposing Borrower’s Subsidiaries) in
      accordance with the provisions of Section 6.12.2, (ii) surrender the CILCO
      Credit Agreement Bonds to the CILCO Trustee for cancellation when each of the
      Borrower Sublimit and the Borrower Credit Exposure of CILCO have been reduced
      to
      zero and all fees and other amounts payable by CILCO with respect to the
      Obligations of CILCO have been duly paid, (iii) surrender the CIPS Credit
      Agreement Bonds to the CIPS Trustees for cancellation when each of the Borrower
      Sublimit and the Borrower Credit Exposure of CIPS have been reduced to zero
      and
      all fees and other amounts payable by CIPS with respect to the Obligations
      of
      CIPS have been duly paid, and (iv) surrender the IP Credit Agreement Bond to
      the
      IP Trustee for cancellation when each of the Borrower Sublimit and the Borrower
      Credit Exposure of IP have been reduced to zero and all fees and other amounts
      payable by IP with respect to the Obligations of IP have been duly paid. This
      Section 8.4 does not require any consent of Lenders or release by the Agent
      in
      connection with the release of property from the Lien of the CIPS Indenture,
      the
      CILCO Indenture or the IP Indenture that is made in accordance with the
      respective requirements of those instruments.

     

    ARTICLE
      IX  

     

    GENERAL
      PROVISIONS

     

    9.1.  Survival
      of Representations.
      All
      representations and warranties of the Borrowers contained in this Agreement
      shall survive the making of the Credit Extensions herein
      contemplated.

     

    9.2.  Governmental
      Regulation.
      Anything contained in this Agreement to the contrary notwithstanding, no Lender
      shall be obligated to extend credit to any Borrower in violation of any
      limitation or prohibition provided by any applicable statute or
      regulation.

     

    9.3.  Headings.
      Section
      headings in the Loan Documents are for convenience of reference only, and shall
      not govern the interpretation of any of the provisions of the Loan
      Documents.

     

    9.4.  Entire
      Agreement.
      The
      Loan Documents embody the entire agreement and understanding among the Agent
      and
      the Lenders, and between the Agent and the Lenders on one hand, and the
      Borrowers individually on the other hand, and supersede all prior agreements
      and
      understandings among and between such parties, as the case may be, relating
      to
      the subject matter thereof other than those contained in the fee letters
      described in Section 10.13 which shall survive and remain in full force and
      effect during the term of this Agreement.

     

    9.5.  Several
      Obligations; Benefits of this Agreement.
      The
      respective obligations of the Lenders and the Issuing Banks hereunder are
      several and not joint and no Lender or Issuing Bank shall be the partner or
      agent of any other (except to the extent to which the Agent is authorized to
      act
      as such). The failure of any Lender or any Issuing Bank to perform any of its
      obligations hereunder shall not relieve any other Lender or any Issuing Bank
      from any of its obligations hereunder. This Agreement shall not be construed
      so
      as to confer any right or benefit 

     

    
      
        
        

      

      
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    upon
      any
      Person other than the parties to this Agreement and their respective successors
      and assigns, provided,
      however,
      that the
      parties hereto expressly agree that the Arranger shall enjoy the benefits of
      the
      provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set forth
      therein and shall have the right to enforce such provisions on its own behalf
      and in its own name to the same extent as if it were a party to this Agreement
      (it being acknowledged that Section 9.6 may be enforced against any Borrower
      only to the extent of the amounts for which such Borrower is liable under the
      terms of such Section).

     

    9.6.     
      Expenses;
      Indemnification.

     

    
      	(i)  	
              Subject
                to paragraph (iii) below, the Illinois Utilities and the Borrowers
                shall
                reimburse the Agent and the Arranger for any reasonable costs, internal
                charges and out-of-pocket expenses (including reasonable attorneys’ and
                paralegals’ fees and time charges of attorneys for the Agent (including
                local counsel if determined by the Agent to be advisable in connection
                with the perfection of security interests and the issuance and pledge
                of
                the CILCO Credit Agreement Bonds, the CIPS Credit Agreement Bonds
                or the
                IP Credit Agreement Bonds), which attorneys may be employees of the
                Agent,
                and expenses of and fees for other advisors and professionals engaged
                by
                the Agent or the Arranger) paid or incurred by the Agent or the Arranger
                in connection with the investigation, preparation, negotiation,
                documentation, execution, delivery, syndication, distribution (including,
                without limitation, via the internet), review, amendment, modification
                and
                administration of the Loan Documents. Subject to paragraph (iii)
                below,
                the Illinois Utilities and the Borrowers also agree to reimburse
                the
                Agent, the Arranger, the Issuing Banks and the Lenders for any costs,
                internal charges and out-of-pocket expenses (including attorneys’ and
                paralegals’ fees and time charges and expenses of attorneys and paralegals
                for the Agent, the Arranger, the Issuing Banks and the Lenders, which
                attorneys and paralegals may be employees of the Agent, the Arranger,
                the
                Issuing Banks or the Lenders) paid or incurred by the Agent, the
                Arranger,
                any Issuing Bank or any Lender in connection with the collection
                of the
                Obligations and enforcement of the Loan
                Documents.

            

    

     

    
      	(ii)  	
              Subject
                to paragraph (iii) below, the Illinois Utilities and the Borrowers
                hereby
                further agree to indemnify the Agent, the Arranger, each Issuing
                Bank,
                each Lender, their respective affiliates, and each of their directors,
                officers and employees against all losses, claims, damages, penalties,
                judgments, liabilities and expenses (including, without limitation,
                all
                expenses of litigation or preparation therefor whether or not the
                Agent,
                the Arranger, any Issuing Bank, any Lender or any affiliate is a
                party
                thereto, and all attorneys’ and paralegals’ fees, time charges and
                expenses of attorneys and paralegals of the party seeking indemnification,
                which attorneys and paralegals may or may not be employees of such
                party
                seeking indemnification) which any of them may pay or incur arising
                out of
                or relating to this Agreement, the other Loan Documents, the transactions
                contemplated hereby or the direct or indirect application or proposed
                application of the proceeds of any Loan hereunder except to the extent
                that they have resulted, as determined in a final non-appealable
                judgment
                by a court of 

            

    

     

    
      
        
        

      

      
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    competent
      jurisdiction, from the gross negligence or
      willful misconduct of the party seeking indemnification.

     

    
      	(iii)  	
              Each
                amount payable under paragraph (i) or (ii) of this Section shall
                be an
                obligation of, and shall be discharged by (a) to the extent arising
                out of
                acts, events and circumstances related to a particular Illinois Utility
                or
                Borrower, such Illinois Utility or Borrower and (b) otherwise, all
                the Illinois Utilities and Borrowers, with each of them being severally
                liable for its Contribution Percentage of such
                amount.

            

    

     

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

            

    

     

    
      	(v)
                	
              The
                obligations of the Illinois Utilities and the Borrowers under this
                Section
                9.6 shall survive the termination of this Agreement and the Maturity
                Date.
                

            

    

     

    9.7.  Numbers
      of Documents.
      All
      statements, notices, closing documents, and requests hereunder shall be
      furnished to the Agent with sufficient counterparts so that the Agent may
      furnish one to each of the Lenders, to the extent that the Agent deems
      necessary.

     

    9.8.  Accounting.
      Except
      as provided to the contrary herein, all accounting terms used in the calculation
      of any financial covenant or test shall be interpreted and all accounting
      determinations hereunder in the calculation of any financial covenant or test
      shall be made in accordance with Agreement Accounting Principles. If any changes
      in generally accepted accounting principles are hereafter required or permitted
      and are adopted by any Borrower or any of its Subsidiaries with the agreement
      of
      its independent certified public accountants and such changes result in a change
      in the method of calculation of any of the financial covenants, tests,
      restrictions or standards herein or in the related definitions or terms used
      therein (“Accounting Changes”), the parties hereto agree, at such Borrower’s
      request, to enter into negotiations, in good faith, in order to amend such
      provisions in a credit neutral manner so as to reflect equitably such changes
      with the desired result that the criteria for evaluating such Borrower’s and its
      Subsidiaries’ financial condition shall be the same after such changes as if
      such changes had not been made; provided,
      however,
      until
      such provisions are amended in a manner reasonably satisfactory to the Agent
      and
      the Required Lenders, no Accounting Change shall be given effect in such
      calculations. In the event such amendment is entered into, all references in
      this Agreement to Agreement Accounting Principles shall mean generally accepted
      accounting principles as of the date of such amendment. Notwithstanding the
      foregoing, all financial statements to be delivered by such Borrower pursuant
      to
      Section 6.1 shall be prepared in accordance with generally accepted accounting
      principles in effect at such time.

     

    
      
        
        

      

      
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    9.9.  Severability
      of Provisions.
      Any
      provision in any Loan Document that is held to be inoperative, unenforceable
      or
      invalid in any jurisdiction shall, as to that jurisdiction, be inoperative,
      unenforceable or invalid without affecting the remaining provisions in that
      jurisdiction or the operation, enforceability or validity of that provision
      in
      any other jurisdiction, and to this end the provisions of all Loan Documents
      are
      declared to be severable.

     

    9.10.  Nonliability.
      The
      relationship between the Borrowers individually on the one hand and the Lenders
      and the Agent on the other hand shall be solely that of borrower and lender.
      None of the Agent, the Arranger, any Issuing Bank or any Lender shall have
      any
      fiduciary responsibilities to the Borrowers. None of the Agent, the Arranger,
      any Issuing Bank or any Lender undertakes any responsibility to the Borrowers
      to
      review or inform the Borrowers of any matter in connection with any phase of
      the
      Borrowers’ businesses or operations. The Borrowers agree that none of the Agent,
      the Arranger, any Issuing Bank or any Lender shall have liability to the
      Borrowers (whether sounding in tort, contract or otherwise) for losses suffered
      by the Borrowers in connection with, arising out of, or in any way related
      to,
      the transactions contemplated and the relationship established by the Loan
      Documents, or any act, omission or event occurring in connection therewith,
      unless it is determined in a final non-appealable judgment by a court of
      competent jurisdiction that such losses resulted from the gross negligence
      or
      willful misconduct of the party from which recovery is sought. None of the
      Borrowers, the Agent, the Arranger, any Issuing Bank or any Lender shall have
      any liability with respect to, and each of the Agent, the Arranger, each Issuing
      Bank, each Lender and each Borrower hereby waives, releases and agrees not
      to
      sue for, any special, indirect, consequential or punitive damages suffered
      by it
      in connection with, arising out of, or in any way related to the Loan Documents
      or the transactions contemplated thereby.

     

    9.11.  Confidentiality.
      Each
      Lender and each Issuing Bank agrees to hold any confidential information which
      it may receive from any Borrower pursuant to this Agreement in confidence,
      except for disclosure (i) to its Affiliates and to other Borrowers, Lenders
      or
      Issuing Banks and their respective Affiliates, for use solely in connection
      with
      the transactions contemplated hereby, (ii) to legal counsel, accountants, and
      other professional advisors to such Lender or Issuing Bank or to a Transferee,
      in each case which have been informed as to the confidential nature of such
      information, for use solely in connection with the transactions contemplated
      hereby, (iii) to regulatory officials having jurisdiction over it or its
      Affiliates, (iv) to any Person as required by law, regulation, or legal process,
      (v) to any Person in connection with any legal proceeding to which such Lender
      or Issuing Bank is a party, (vi) to such Lender’s or Issuing Bank’s direct or
      indirect contractual counterparties in swap agreements or to legal counsel,
      accountants and other professional advisors to such counterparties, in each
      case
      which have been informed as to the confidential nature of such information,
      (vii) as permitted by Section 12.4 and (viii) to rating agencies if requested
      or
      required by such agencies in connection with a rating relating to this Agreement
      or the Advances hereunder.

     

    9.12.  Lenders
      Not Utilizing Plan Assets.
      Each
      Lender and Designated Lender represents and warrants that none of the
      consideration used by such Lender or Designated Lender to make its Loans
      constitutes for any purpose of ERISA or Section 4975 of the Code assets of
      any
“plan” as defined in Section 3(3) of ERISA or Section 4975 of the Code and the
      rights and interests of such Lender or Designated Lender in and under the Loan
      Documents shall not constitute such “plan assets” under ERISA.

     

    
      
        
        

      

      
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    9.13.  Nonreliance.
      Each
      Lender hereby represents that it is not relying on or looking to any margin
      stock (as defined in Regulation U) as collateral in the extension or maintenance
      of the credit provided for herein.

     

    9.14.  Disclosure.
      The
      Borrowers and each Lender and each Issuing Bank hereby acknowledge and agree
      that each Lender, each Issuing Bank and their Affiliates from time to time
      may
      hold investments in, make other loans to or have other relationships with the
      Borrowers and their Affiliates.

     

    9.15.  USA
      Patriot Act.
      Each
      Lender and each Issuing Bank hereby notifies the Borrowers that pursuant to
      the
      requirements of the USA Patriot Act, it is required to obtain, verify and record
      information that identifies the Borrowers, which information includes the names
      and addresses of the Borrowers and other information that will allow such Lender
      to identify the Borrowers in accordance with its requirements. The Borrowers
      shall promptly following a request by the Agent or any Lender, provide all
      documentation and other information that the Agent or such Lender reasonably
      requests in order to comply with its ongoing obligations under applicable “know
      your customer” and anti-money laundering rules and regulations including the USA
      Patriot Act.

     

    9.16.  Modifications
      to the Existing Credit Agreement.
      On the
      Closing Date, the Lenders under this Agreement constitute the “Required Lenders”
under the Existing Credit Agreement (in such capacity, the “Existing Credit
      Agreement Required Lenders”). The Existing Credit Agreement Required Lenders,
      JPMCB, in its capacity as Agent under the Existing Credit Agreement, and each
      of
      the Borrowers and Illinois Utilities hereby agrees as follows:

     

    
      	(i)  	
              Section
                6.16 of the Existing Credit Agreement is hereby amended by deleting
                the
                “and” before clause (d) and inserting at the end of clause (d) the phrase
                “and (e) restrictions and conditions imposed by the Credit Agreement
                dated
                as of February 9, 2007, among the Borrowers and Illinois Utilities,
                the
                lenders from time to time party thereunder and JPMCB, as
                Agent”.

            

    

     

    
      	(ii)  	
              In
                consideration of the indemnity delivered to the Lenders by the Company
                in
                respect of the absence of a UCC filing in respect of the CILCO Indenture
                in the records of the Secretary of the State of Illinois, the Existing
                Credit Agreement Required Lenders hereby approve the waiver requested
                and
                described in the Memorandum to Lenders dated as of February 7,
                2007.

            

    

     

          ARTICLE
      X  

     

    THE
      AGENT

     

    10.1.  Appointment;
      Nature of Relationship.
      JPMCB
      is hereby appointed by each of the Lenders and each of the Issuing Banks as
      its
      contractual representative (herein referred to as the “Agent”) hereunder and
      under each other Loan Document, and each of the Lenders and the each of the
      Issuing Banks irrevocably authorizes the Agent to act as the contractual
      representative of such Lender and such Issuing Bank with the rights and duties
      expressly set forth herein and in the other Loan Documents. The Agent agrees
      to
      act as such contractual representative upon the 

     

    
      
        
        

      

      
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    express
      conditions contained in this Article X. Notwithstanding the use of the defined
      term “Agent,” it is expressly understood and agreed that the Agent shall not
      have any fiduciary responsibilities to any Lender or any Issuing Bank by reason
      of this Agreement or any other Loan Document and that the Agent is merely acting
      as the contractual representative of the Lenders and the Issuing Banks with
      only
      those duties as are expressly set forth in this Agreement and the other Loan
      Documents. In its capacity as the Lenders’ and the Issuing Banks’ contractual
      representative, the Agent (i) does not hereby assume any fiduciary duties to
      any
      of the Lenders or the Issuing Banks, (ii) is a “representative” of the Lenders
      and the Issuing Banks within the meaning of the term “secured party” as defined
      in the New York Uniform Commercial Code and (iii) is acting as an independent
      contractor, the rights and duties of which are limited to those expressly set
      forth in this Agreement and the other Loan Documents. Each of the Lenders and
      the Issuing Banks hereby agrees to assert no claim against the Agent on any
      agency theory or any other theory of liability for breach of fiduciary duty,
      all
      of which claims each Lender hereby waives.

     

    10.2.  Powers.
      The
      Agent shall have and may exercise such powers under the Loan Documents as are
      specifically delegated to the Agent by the terms of each thereof, together
      with
      such powers as are reasonably incidental thereto. The Agent shall have no
      implied duties or fiduciary duties to the Lenders or the Issuing Banks, or
      any
      obligation to the Lenders or the Issuing Banks to take any action thereunder
      except any action specifically provided by the Collateral Documents to be taken
      by the Agent. Without limiting any other power granted under any Loan Document,
      each Lender authorizes and directs the Agent to vote all the interests of the
      Lenders as a single bloc based upon the direction of the Required Lenders as
      contemplated by any Loan Document.

     

    10.3.  General
      Immunity.
      Neither
      the Agent nor any of its directors, officers, agents or employees shall be
      liable to the Borrowers, the Lenders or any Lender or any Issuing Bank for
      any
      action taken or omitted to be taken by it or them hereunder or under any other
      Loan Document or in connection herewith or therewith except to the extent such
      action or inaction is determined in a final, non-appealable judgment by a court
      of competent jurisdiction to have arisen from the gross negligence or willful
      misconduct of such Person.

     

    10.4.  No
      Responsibility for Loans, Recitals, etc.
      Neither
      the Agent nor any of its directors, officers, agents or employees shall be
      responsible for or have any duty to ascertain, inquire into, or verify (a)
      any
      statement, warranty or representation made in connection with any Loan Document
      or any borrowing hereunder; (b) the performance or observance of any of the
      covenants or agreements of any obligor under any Loan Document, including,
      without limitation, any agreement by an obligor to furnish information directly
      to each Lender and each Issuing Bank; (c) the satisfaction of any condition
      specified in Article IV, except receipt of items required to be delivered solely
      to the Agent; (d) the existence or possible existence of any Default or
      Unmatured Default; (e) the validity, enforceability, effectiveness, sufficiency
      or genuineness of any Loan Document or any other instrument or writing furnished
      in connection therewith; (f) the value, sufficiency, creation, perfection or
      priority of any Lien in any collateral security; or (g) the financial condition
      of the Borrowers or any guarantor of any of the Obligations or of any of the
      Borrowers’ or any such guarantor’s respective Subsidiaries. The Agent shall have
      no duty to disclose to the Lenders or the Issuing Banks information that is
      not

     

    
      
        
        

      

      
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    required
      to be furnished by the Borrowers to the Agent at such time, but is voluntarily
      furnished by the Borrowers to the Agent (either in its capacity as Agent or
      in
      its individual capacity).

     

    10.5.  Action
      on Instructions of Lenders.
      The
      Agent shall in all cases be fully protected in acting, or in refraining from
      acting, hereunder and under any other Loan Document in accordance with written
      instructions signed by the Required Lenders (or all of the Lenders in the event
      that and to the extent that this Agreement expressly requires such), and such
      instructions and any action taken or failure to act pursuant thereto shall
      be
      binding on all of the Lenders. The Lenders hereby acknowledge that the Agent
      shall be under no duty to take any discretionary action permitted to be taken
      by
      it pursuant to the provisions of this Agreement or any other Loan Document
      unless it shall be requested in writing to do so by the Required Lenders (or
      all
      of the Lenders in the event that and to the extent that this Agreement expressly
      requires such). The Agent shall be fully justified in failing or refusing to
      take any action hereunder and under any other Loan Document unless it shall
      first be indemnified to its satisfaction in writing by the Lenders pro rata
      against any and all liability, cost and expense that it may incur by reason
      of
      taking or continuing to take any such action.

     

    10.6.  Employment
      of Agents and Counsel.
      The
      Agent may execute any of its duties as Agent hereunder and under any other
      Loan
      Document by or through employees, agents, and attorneys-in-fact and shall not
      be
      answerable to the Lenders or the Issuing Banks, except as to money or securities
      received by it or its authorized agents, for the default or misconduct of any
      such agents or attorneys-in-fact selected by it with reasonable care. The Agent
      shall be entitled to advice of counsel concerning the contractual arrangement
      between the Agent and the Lenders and the Issuing Banks and all matters
      pertaining to the Agent’s duties hereunder and under any other Loan
      Document.

     

    10.7.  Reliance
      on Documents; Counsel.
      The
      Agent shall be entitled to rely upon any Note, notice, consent, certificate,
      affidavit, letter, telegram, statement, paper or document believed by it to
      be
      genuine and correct and to have been signed or sent by the proper person or
      persons, and, in respect to legal matters, upon the opinion of counsel selected
      by the Agent, which counsel may be employees of the Agent.

     

    10.8.  Agent’s
      Reimbursement and Indemnification.
      The
      Lenders agree to reimburse and indemnify the Agent ratably in proportion to
      the
      their Pro Rata Shares of the Aggregate Commitment (or, if the Aggregate
      Commitment has been terminated, of the Aggregate Revolving Credit Exposure)
      (determined as of the date of any such request by the Agent) (i) for any amounts
      not reimbursed by the Borrowers for which the Agent is entitled to reimbursement
      by the Borrowers under the Loan Documents, (ii) to the extent not paid by the
      Borrowers, for any other expenses incurred by the Agent on behalf of the Lenders
      or the Issuing Banks, in connection with the preparation, execution, delivery,
      administration and enforcement of the Loan Documents (including, without
      limitation, for any expenses incurred by the Agent in connection with any
      dispute between the Agent and any Lender or between two or more of the Lenders
      or Issuing Banks) and (iii) to the extent not paid by the Borrowers, for any
      liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
      costs, expenses or disbursements of any kind and nature whatsoever which may
      be
      imposed on, incurred by or asserted against the Agent in any way relating to
      or
      arising out of the Loan Documents or any other document delivered in connection
      therewith or the transactions contemplated thereby (including, without
      limitation, for 

     

    
      
        
        

      

      
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    any
      such
      amounts incurred by or asserted against the Agent in connection with any dispute
      between the Agent and any Lender or between two or more of the Lenders or
      Issuing Banks), or the enforcement of any of the terms of the Loan Documents
      or
      of any such other documents, provided
      that (i)
      no Lender shall be liable for any of the foregoing to the extent any of the
      foregoing is found in a final, non-appealable judgment by a court of competent
      jurisdiction to have resulted from the gross negligence or willful misconduct
      of
      the Agent, (ii) any indemnification required pursuant to Section 3.5(vii) shall,
      notwithstanding the provisions of this Section 10.8, be paid by the relevant
      Lender in accordance with the provisions thereof and (iii) the Agent shall
      reimburse the Lenders for any amounts the Lenders have paid to the extent such
      amounts are subsequently recovered from the Borrowers. The obligations of the
      Lenders under this Section 10.8 shall survive payment of the Obligations,
      termination and expiration of the Letters of Credit and termination of this
      Agreement.

     

    10.9.  Notice
      of Default.
      The
      Agent shall not be deemed to have knowledge or notice of the occurrence of
      any
      Default or Unmatured Default hereunder unless the Agent has received written
      notice from a Lender or a Borrower referring to this Agreement describing such
      Default or Unmatured Default and stating that such notice is a “notice of
      default”. In the event that the Agent receives such a notice, the Agent shall
      give prompt notice thereof to the Borrowers, the Lenders and the Issuing
      Banks.

     

    10.10.  Rights
      as a Lender.
      In the
      event the Agent is a Lender or an Issuing Bank, the Agent shall have the same
      rights and powers hereunder and under any other Loan Document with respect
      to
      its Commitment and its Credit Extensions as any Lender or any Issuing Bank
      and
      may exercise the same as though it were not the Agent, and the term “Lender” or
“Lenders” or “Issuing Bank” shall, at any time when the Agent is a Lender or an
      Issuing Bank, unless the context otherwise indicates, include the Agent in
      its
      individual capacity. The Agent and its Affiliates may accept deposits from,
      lend
      money to, and generally engage in any kind of trust, debt, equity or other
      transaction, in addition to those contemplated by this Agreement or any other
      Loan Document, with each Borrower or any of its Subsidiaries in which such
      Borrower or such Subsidiary is not restricted hereby from engaging with any
      other Person. The Agent, in its individual capacity, is not obligated to remain
      a Lender.

     

    10.11.  Independent
      Credit Decision.
      Each
      Lender and each Issuing Bank acknowledges that it has, independently and without
      reliance upon the Agent, the Arranger or any other Lender or any other Issuing
      Bank and based on the financial statements prepared by the Borrowers and such
      other documents and information as it has deemed appropriate, made its own
      credit analysis and decision to enter into this Agreement and the other Loan
      Documents. Each Lender and each Issuing Bank also acknowledges that it will,
      independently and without reliance upon the Agent, the Arranger or any other
      Lender and based on such documents and information as it shall deem appropriate
      at the time, continue to make its own credit decisions in taking or not taking
      action under this Agreement and the other Loan Documents.

     

    10.12.  Successor
      Agent.
      The
      Agent may resign at any time by giving written notice thereof to the Lenders,
      the Issuing Banks and the Borrowers, such resignation to be effective upon
      the
      appointment of a successor Agent or, if no successor Agent has been appointed,
      forty-five days after the retiring Agent gives notice of its intention to
      resign. The Agent may be removed at any time with or without cause by written
      notice received by the Agent from the 

     

    
      
        
        

      

      
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    Required
      Lenders, such removal to be effective on the date specified by the Required
      Lenders. Upon any such resignation or removal, the Required Lenders, with the
      consent of the Borrowers (which consent shall not be unreasonably withheld
      or
      delayed; provided
      that
      such consent shall not be required in the event and continuation of a Default),
      shall have the right to appoint, on behalf of the Borrowers and the Lenders,
      a
      successor Agent. If no successor Agent shall have been so appointed by the
      Required Lenders or consented to by the Borrowers within thirty days after
      the
      resigning Agent’s giving notice of its intention to resign, then the resigning
      Agent may appoint, on behalf of the Borrowers and the Lenders, a successor
      Agent. Notwithstanding the previous sentence, the Agent may at any time without
      the consent of the Borrowers or any Lender or any Issuing Bank, appoint any
      of
      its Affiliates which is a commercial bank as a successor Agent hereunder. If
      the
      Agent has resigned or been removed and no successor Agent has been appointed,
      the Lenders may perform all the duties of the Agent hereunder and the Borrowers
      shall make all payments in respect of the Obligations to the applicable Lenders
      and for all other purposes shall deal directly with the Lenders. No successor
      Agent shall be deemed to be appointed hereunder until such successor Agent
      has
      accepted the appointment. Any such successor Agent shall be a commercial bank
      having capital and retained earnings of at least $100,000,000. Upon the
      acceptance of any appointment as Agent hereunder by a successor Agent, such
      successor Agent shall thereupon succeed to and become vested with all the
      rights, powers, privileges and duties of the resigning or removed Agent. Upon
      the effectiveness of the resignation or removal of the Agent, the resigning
      or
      removed Agent shall be discharged from its duties and obligations hereunder
      and
      under the Loan Documents. After the effectiveness of the resignation or removal
      of an Agent, the provisions of this Article X shall continue in effect for
      the
      benefit of such Agent in respect of any actions taken or omitted to be taken
      by
      it while it was acting as the Agent hereunder and under the other Loan
      Documents. In the event that there is a successor to the Agent by merger, or
      the
      Agent assigns its duties and obligations to an Affiliate pursuant to this
      Section 10.12, then the term “Prime Rate” as used in this Agreement shall mean
      the prime rate, base rate or other analogous rate of the new Agent.

     

    10.13.  Agent
      and Arranger Fees.
      Each
      Borrower agrees to pay to the Agent and the Arranger, for their respective
      accounts, the agent and arranger fees agreed to by such Borrower, the Agent
      and
      the Arranger pursuant to the letter agreements dated December 21, 2006, or
      as
      otherwise agreed from time to time.

     

    10.14.  Delegation
      to Affiliates.
      The
      Borrowers, the Lenders and the Issuing Banks agree that the Agent may delegate
      any of its duties under this Agreement to any of its Affiliates. Any such
      Affiliate (and such Affiliate’s directors, officers, agents and employees) which
      performs duties in connection with this Agreement shall be entitled to the
      same
      benefits of the indemnification, waiver and other protective provisions to
      which
      the Agent is entitled under Articles IX and X.

     

    10.15.  Syndication
      Agent and Documentation Agents.
      The
      Lender identified in this Agreement as the “Syndication Agent” and the Lenders
      identified in this Agreement as the “Documentation Agents” shall have no right,
      power, obligation, liability, responsibility or duty under this Agreement other
      than those applicable to all Lenders as such. Without limiting the foregoing,
      such Lenders shall not have or be deemed to have a fiduciary relationship with
      any other Lender. Each Lender hereby makes the same acknowledgements with
      respect to such Lenders as it makes with respect to the Agent in Section
      10.11.

     

    
      
        
        

      

      
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    ARTICLE
      XI  

     

    SETOFF;
      RATABLE PAYMENTS

     

    11.1.  Setoff.
      In
      addition to, and without limitation of, any rights of the Lenders under
      applicable law, if a Borrower becomes insolvent, however evidenced, or any
      Default occurs with respect to a Borrower, any and all deposits (including
      all
      account balances, whether provisional or final and whether or not collected
      or
      available) and any other Indebtedness at any time held or owing by any Lender
      (including the Swingline Lender) or any Affiliate of any Lender or any Issuing
      Bank to or for the credit or account of such Borrower may be offset and applied
      toward the payment of the Obligations owing by such Borrower to such Lender
      or
      such Issuing Bank, whether or not the Obligations, or any part thereof, shall
      then be due.

     

    11.2.  Ratable
      Payments.
      If any
      Lender, whether by setoff or otherwise, has payment made to it upon its
      Revolving Credit Exposure (other than payments received pursuant to Section
      3.1,
      3.2, 3.4 or 3.5) in a greater proportion than that received by any other Lender,
      such Lender agrees, promptly upon demand, to purchase a participation in the
      Aggregate Revolving Credit Exposure held by the other Lenders so that after
      such
      purchase each Lender will hold its Pro Rata Share of the Aggregate Revolving
      Credit Exposure. If any Lender, whether in connection with setoff or amounts
      which might be subject to setoff or otherwise, receives collateral or other
      protection for its Obligations or such amounts which may be subject to setoff,
      such Lender agrees, promptly upon demand, to take such action necessary such
      that all Lenders share in the benefits of such collateral ratably in proportion
      to their respective Pro Rata Shares of the Aggregate Revolving Credit Exposure.
      In case any such payment is disturbed by legal process, or otherwise,
      appropriate further adjustments shall be made.

     

    ARTICLE
      XII  

     

    BENEFIT
      OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

     

    12.1.  Successors
      and Assigns; Designated Lenders. 

     

    12.1.1
         Successors
      and Assigns.
      The
      terms and provisions of the Loan Documents shall be binding upon and inure
      to
      the benefit of the Borrowers, the Agent, the Issuing Banks and the Lenders
      and
      their respective successors and assigns permitted hereby, except that (i) the
      Borrowers shall not have the right to assign their rights or obligations under
      the Loan Documents without the prior written consent of the Agent, each Lender
      and each Issuing Bank, (ii) any assignment by any Lender must be made in
      compliance with Section 12.3, and (iii) any transfer by Participants must be
      made in compliance with Section 12.2. Any attempted assignment or transfer
      by
      any party not made in compliance with this Section 12.1 shall be null and void,
      unless such attempted assignment or transfer is treated as a participation
      in
      accordance with Section 12.3.2. The parties to this Agreement acknowledge that
      clause (ii) of this Section 12.1 relates only to absolute assignments and this
      Section 12.1 does not prohibit assignments creating security interests,
      including, without limitation, (x) any pledge or assignment by any Lender of
      all
      or any 

     

    
      
        
        

      

      
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    portion
      of its rights under this Agreement and any Note to a Federal Reserve Bank,
      (y)
      in the case of a Lender which is a Fund, any pledge or assignment of all or
      any
      portion of its rights under this Agreement and any Note to its trustee in
      support of its obligations to its trustee or (z) any pledge or assignment by
      any
      Lender of all or any portion of its rights under this Agreement and any Note
      to
      direct or indirect contractual counterparties in swap agreements relating to
      the
      Loans; provided, however,
      that no
      such pledge or assignment creating a security interest shall release the
      transferor Lender from its obligations hereunder unless and until the parties
      thereto have complied with the provisions of Section 12.3. The Agent may treat
      the Person which made any Loan or which holds any Note as the owner thereof
      for
      all purposes hereof unless and until such Person complies with Section 12.3;
      provided, however,
      that the
      Agent may in its discretion (but shall not be required to) follow instructions
      from the Person which made any Loan or which holds any Note to direct payments
      relating to such Loan or Note to another Person. Any assignee of the rights
      to
      any Loan or any Note agrees by acceptance of such assignment to be bound by
      all
      the terms and provisions of the Loan Documents. Any request, authority or
      consent of any Person, who at the time of making such request or giving such
      authority or consent is the owner of the rights to any Loan (whether or not
      a
      Note has been issued in evidence thereof), shall be conclusive and binding
      on
      any subsequent holder or assignee of the rights to such Loan.

     

    12.1.2
        Designated
      Lenders.
      

     

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

            

    

     

     

    
      
        
        

      

      
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    Borrowers
      to the Lender from which the Designated
      Lender obtained any interests hereunder. No additional Notes shall be required
      with respect to Loans provided by a Designated Lender; provided,
      however,
      to the
      extent any Designated Lender shall advance funds, the Designating Lender shall
      be deemed to hold the Notes in its possession as an agent for such Designated
      Lender to the extent of the Loan funded by such Designated Lender. Such
      Designating Lender shall act as administrative agent for its Designated Lender
      and give and receive notices and communications hereunder. Any payments for
      the
      account of any Designated Lender shall be paid to its Designating Lender as
      administrative agent for such Designated Lender and neither the Borrowers nor
      the Agent shall be responsible for any Designating Lender’s application of such
      payments. In addition, any Designated Lender may (1) with notice to, but without
      the consent of, the Borrowers or the Agent, assign all or portions of its
      interests in any Loans to its Designating Lender or to any financial institution
      consented to by the Agent providing liquidity and/or credit facilities to or
      for
      the account of such Designated Lender and (2) subject to advising any such
      Person that such information is to be treated as confidential in accordance
      with
      Section 9.11, disclose on a confidential basis any non-public information
      relating to its Loans to any rating agency, commercial paper dealer or provider
      of any guarantee, surety or credit or liquidity enhancement to such Designated
      Lender.

     

     

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

            

    

     

    12.2.  Participations.

     

    12.2.1
        Permitted
      Participants; Effect.
      Any
      Lender may at any time sell to one or more banks or other entities
      (“Participants”) participating interests in any Revolving Credit Exposure of
      such Lender, any Note held by such Lender, any Commitment of such Lender or
      any
      other interest of such Lender under the Loan Documents. In the event of any
      such
      sale by a Lender of participating interests to a Participant, such Lender’s
      obligations under the Loan Documents shall remain unchanged, such Lender shall
      remain solely responsible to the other parties hereto for the performance of
      such obligations, such Lender shall remain the owner of its Revolving Credit
      Exposure and the holder of any Note issued to it in evidence thereof for all
      purposes under the Loan Documents, all amounts payable by the Borrowers under
      this Agreement shall be determined as if such Lender had not sold such
      participating interests, and the Borrowers and the Agent shall continue to
      deal
      solely and directly with such Lender in connection with such Lender’s rights and
      obligations under the Loan Documents.

     

    
      
        
        

      

      
        91

        
          

        

      

      
        
        

      

    

    12.2.2
        Voting
      Rights.
      Each
      Lender shall retain the sole right to approve, without the consent of any
      Participant, any amendment, modification or waiver of any provision of the
      Loan
      Documents other than any amendment, modification or waiver with respect to
      any
      Credit Extension or Commitment in which such Participant has an interest which
      would require consent of all of the Lenders pursuant to the terms of Section
      8.2.

     

    12.2.3
        Benefit
      of Certain Provisions.
      The
      Borrowers agree that each Participant shall be deemed to have the right of
      setoff provided in Section 11.1 in respect of its participating interest in
      amounts owing under the Loan Documents to the same extent as if the amount
      of
      its participating interest were owing directly to it as a Lender under the
      Loan
      Documents, provided
      that
      each Lender shall retain the right of setoff provided in Section 11.1 with
      respect to the amount of participating interests sold to each Participant.
      The
      Lenders agree to share with each Participant, and each Participant, by
      exercising the right of setoff provided in Section 11.1, agrees to share with
      each Lender, any amount received pursuant to the exercise of its right of
      setoff, such amounts to be shared in accordance with Section 11.2 as if each
      Participant were a Lender. The Borrowers further agree that each Participant
      shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the
      same
      extent as if it were a Lender and had acquired its interest by assignment
      pursuant to Section 12.3, provided
      that (i)
      a Participant shall not be entitled to receive any greater payment under Section
      3.1, 3.2 or 3.5 than the Lender who sold the participating interest to such
      Participant would have received had it retained such interest for its own
      account, unless the sale of such interest to such Participant is made with
      the
      prior written consent of the Borrowers, and (ii) any Participant not
      incorporated under the laws of the United States of America or any State thereof
      agrees to comply with the provisions of Section 3.5 to the same extent as if
      it
      were a Lender.

     

    12.3.  Assignments.

     

    12.3.1
        Permitted
      Assignments.
      Any
      Lender may at any time assign to one or more banks or other entities
      (“Purchasers”) all or any part of its rights and obligations under the Loan
      Documents. Such assignment shall be evidenced by an agreement substantially
      in
      the form of Exhibit C or in such other form as may be agreed to by the parties
      thereto (each such agreement, an “Assignment Agreement”). Each such assignment
      with respect to a Purchaser which is not a Lender or an Affiliate of a Lender
      or
      an Approved Fund shall either be in an amount equal to the entire applicable
      Commitment and Revolving Credit Exposure of the assigning Lender or (unless
      each
      of the Borrowers and the Agent otherwise consents) be in an aggregate amount
      not
      less than $5,000,000. The amount of the assignment shall be based on the
      Commitment or, if the Commitments have been terminated, the Revolving Credit
      Exposure subject to the assignment, determined as of the date of such assignment
      or as of the “Trade Date,” if the “Trade Date” is specified in the Assignment
      Agreement. Each partial assignment shall be made as an 

     

    
      
        
        

      

      
        92

        
          

        

      

      
        
        

      

    

     

     

    assignment
      of a proportionate part of all the assigning Lender’s rights and obligations
      under this Agreement.

     

    12.3.2
        Consents.
      The
      consent of the Borrowers shall be required prior to an assignment becoming
      effective unless the Purchaser is a Lender, an Affiliate of a Lender or an
      Approved Fund, provided
      that the
      consent of the Borrowers shall not be required if (i) a Default has occurred
      and
      is continuing or (ii) such assignment is in connection with the physical
      settlement of any Lender’s obligations to direct or indirect contractual
      counterparties in swap agreements relating to the Loans; provided,
      that
      the assignment without the Borrowers’ consent pursuant to clause (ii) shall not
      increase the Borrowers’ liability under Section 3.5. The consent of the Agent
      and each Issuing Bank shall be required prior to an assignment becoming
      effective. Any consent required under this Section 12.3.2 shall not be
      unreasonably withheld or delayed (except that any Issuing Bank may withhold
      such
      consent in its sole discretion).

     

    12.3.3
        Effect;
      Effective Date.
      Upon
      (i) delivery to the Agent of an Assignment Agreement, together with any consents
      required by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to
      the
      Agent for processing such assignment (unless such fee is waived by the Agent),
      such assignment shall become effective on the effective date specified in such
      assignment. The Assignment Agreement shall contain a representation and warranty
      by the Purchaser to the effect that none of the funds, money, assets or other
      consideration used to make the purchase and assumption of the Commitment and
      Revolving Credit Exposure under the applicable Assignment Agreement constitutes
      “plan assets” as defined under ERISA and that the rights, benefits and interests
      of the Purchaser in and under the Loan Documents will not be “plan assets” under
      ERISA. On and after the effective date of such assignment, such Purchaser shall
      for all purposes be a Lender party to this Agreement and any other Loan Document
      executed by or on behalf of the Lenders and shall have all the rights, benefits
      and obligations of a Lender under the Loan Documents, to the same extent as
      if
      it were an original party thereto, and the transferor Lender shall be released
      with respect to the Commitment and Revolving Credit Exposure, if any, assigned
      to such Purchaser without any further consent or action by the Borrowers, the
      Lenders or the Agent. In the case of an assignment covering all of the assigning
      Lender’s rights, benefits and obligations under this Agreement, such Lender
      shall cease to be a Lender hereunder but shall continue to be entitled to the
      benefits of, and subject to, those provisions of this Agreement and the other
      Loan Documents which survive payment of the Obligations and termination of
      the
      Loan Documents. Any assignment or transfer by a Lender of rights or obligations
      under this Agreement that does not comply with this Section 12.3 shall be
      treated for purposes of this Agreement as a sale by such Lender of a
      participation in such rights and obligations in accordance with Section 12.2.
      Upon the consummation of any assignment to a Purchaser pursuant to this Section
      12.3.3, the transferor Lender, the Agent and the Borrowers shall, if the

     

    
      
        
        

      

      
        93

        
          

        

      

      
        
        

      

    

     

    transferor
      Lender or the Purchaser desires that its Loans be evidenced by Notes, make
      appropriate arrangements so that, upon cancellation and surrender to the
      Borrowers of the Notes (if any) held by the transferor Lender, new Notes or,
      as
      appropriate, replacement Notes are issued to such transferor Lender, if
      applicable, and new Notes or, as appropriate, replacement Notes, are issued
      to
      such Purchaser, in each case in principal amounts reflecting their respective
      Commitments (or, if such Commitments have been terminated, their respective
      Revolving Credit Exposure), as adjusted pursuant to such
      assignment.

     

    12.3.4
        Register.
      The
      Agent, acting solely for this purpose as an agent of the Borrowers (and the
      Borrowers hereby designate the Agent to act in such capacity), shall maintain
      at
      one of its offices in New York, New York a copy of each Assignment and
      Assumption delivered to it and a register (the “Register”) for the recordation
      of the names and addresses of the Lenders, and the Commitments of, and principal
      amounts of and interest on the Loans owing to, each Lender pursuant to the
      terms
      hereof from time to time and whether such Lender is an original Lender or
      assignee of another Lender pursuant to an assignment under this Section 13.3.
      The entries in the Register shall be conclusive, absent manifest error and
      the
      Borrowers, the Agent and the Lenders may treat each Person whose name is
      recorded in the Register pursuant to the terms hereof as a Lender hereunder
      for
      all purposes of this Agreement, notwithstanding notice to the contrary. The
      Register shall be available for inspection by the Borrowers and any Lender,
      at
      any reasonable time and from time to time upon reasonable prior
      notice.

     

    12.4.  Dissemination
      of Information.
      The
      Borrowers authorize each Lender to disclose to any Participant or Purchaser
      or
      any other Person acquiring an interest in the Loan Documents by operation of
      law
      (each a “Transferee”) and any prospective Transferee any and all information in
      such Lender’s possession concerning the creditworthiness of the Borrowers and
      their Subsidiaries; provided
      that
      each Transferee and prospective Transferee agrees to be bound by Section 9.11
      of
      this Agreement.

     

    12.5.  Tax
      Certifications.
      If any
      interest in any Loan Document is transferred to any Transferee which is not
      incorporated under the laws of the United States or any State thereof, the
      transferor Lender shall cause such Transferee, concurrently with the
      effectiveness of such transfer, to comply with the provisions of Section
      3.5(iv).

     

         
      ARTICLE XIII  

     

    NOTICES

     

    13.1.  Notices.

     

    (a)
        Except
      in
      the case of notices and other communications expressly permitted to be given
      by
      telephone (and subject to paragraph (b) below), all notices and other
      communications 

     

    
      
        
        

      

      
        94

        
          

        

      

      
        
        

      

    

     

    provided
      for herein shall be in writing and shall be delivered by hand or overnight
      courier service, mailed by certified or registered mail or sent by telecopy,
      as
      follows:

     

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

            

    

     

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

            

    

     

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

            

    

     

    (a)
        Notices
      and other communications to the Lenders and the Issuing Banks hereunder may be
      delivered or furnished by electronic communications pursuant to procedures
      approved by the Agent; provided
      that the
      foregoing shall not apply to notices pursuant to Article II unless otherwise
      agreed by the Agent and the applicable Lender. The Agent or any Borrower may,
      in
      its discretion, agree to accept notices and other communications to it hereunder
      by electronic communications pursuant to procedures approved by it; provided
      that
      approval of such procedures may be limited to particular notices or
      communications.

     

    (b)
        Any
      party
      hereto may change its address or telecopy number for notices and other
      communications hereunder by notice to the other parties hereto. All notices
      and
      other communications given to any party hereto in accordance with the provisions
      of this Agreement shall be deemed to have been given on the date of
      receipt.

     

    13.2.  Change
      of Address.
      Any
      Borrower, the Agent, any Issuing Bank and any Lender may each change the address
      for service of notice upon it by a notice in writing to the other parties
      hereto.

     

      
      ARTICLE XIV  

     

    COUNTERPARTS

     

    This
      Agreement may be executed in any number of counterparts, all of which taken
      together shall constitute one agreement, and any of the parties hereto may
      execute this Agreement by signing any such counterpart. This Agreement shall
      be
      effective when it has been executed by the Borrowers, the Agent, the Issuing
      Banks and the Lenders and each party has notified the Agent by facsimile
      transmission or telephone that it has taken such action. 

     

    
      
        
        

      

      
        95

        
          

        

      

      
        
        

      

    

    ARTICLE
      XV  

     

    CHOICE
      OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL

     

    15.1 CHOICE
      OF LAW.
      THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF
      LAW
      PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
      LAWS OF THE STATE OF NEW YORK.

     

    15.2 CONSENT
      TO JURISDICTION.
      EACH BORROWER HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION
      OF
      ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW
      YORK,
      IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS
      AND
      EACH BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH
      ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND
      IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE
      OF
      ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT
      IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT
      OR
      ANY LENDER TO BRING PROCEEDINGS AGAINST ANY BORROWER IN THE COURTS OF ANY OTHER
      JURISDICTION. ANY JUDICIAL PROCEEDING BY ANY BORROWER AGAINST THE AGENT OR
      ANY
      LENDER OR ANY AFFILIATE OF THE AGENT OR ANY LENDER INVOLVING, DIRECTLY OR
      INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED
      WITH
      ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW
      YORK.

     

    15.3 WAIVER
      OF JURY TRIAL.
      EACH BORROWER, THE AGENT, EACH ISSUING BANK AND EACH LENDER HEREBY WAIVES TRIAL
      BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER
      (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF,
      RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED
      THEREUNDER.

     

    [Signature
      Pages Follow]

     

    
      
        
        

      

      
        96

        
          

        

      

      
        
        

      

    

    
 

    IN
      WITNESS WHEREOF, the Borrowers, the Lenders and the Agent have executed this
      Agreement as of the date first above written.

     

    
      	
              CENTRAL
                ILLINOIS PUBLIC SERVICE 

              COMPANY,

               

            
	
              by

            
	
               

            	 
              /s/ Jerre E.
              Birdsong                                                 
	 	
              Name:
                Jerre E. Birdsong

            
	 	
              Title: 
                 Vice President and

                         
                Treasurer

            
	 	 

    

    

    
      	
              CENTRAL
                ILLINOIS LIGHT COMPANY,

               

            
	
              by

            
	
               

            	/s/
              Jerre E.
              Birdsong                           
              
	 	
              Name:
                Jerre E. Birdsong

            
	 	
              Title:  
                Vice President and

                         
                Treasurer

            
	 	 

    

    

    
      	
              ILLINOIS
                POWER COMPANY,

               

            
	
              by

            
	
               

            	 /s/
              Jerre E.
              Birdsong                      
               
	 	
              Name:
                Jerre E. Birdsong

            
	 	
              Title:  
                Vice President and

                         
                Treasurer

            
	 	 

    

     

     

    
      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

      
 

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
              AMERENENERGY
                RESOURCES 

              GENERATING
                COMPANY,

               

            
	
              by

            
	
               

            	 /s/
              Jerre E.
              Birdsong                       
                                  
              
	 	
              Name:
                Jerre E. Birdsong

            
	 	
              Title:  
                Vice President and

                         
                Treasurer

            
	 	 

    

    

    
      	
              CILCORP
                INC.,

               

            
	
              by

            
	
               

            	 /s/
              Jerre E.
              Birdsong                       
              
	 	
              Name:
                Jerre E. Birdsong

            
	 	
              Title:  
                Vice President and

                         
                Treasurer

            
	 	 

    

     

    
      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    
      	
              JPMORGAN
                CHASE BANK, N.A., as

              Agent,
                as a Lender and as an Issuing Bank,

               

            
	
              by

            
	
               

            	 /s/
              Michael J.
              DeForge                   
              
	 	
              Name: Michael
                J. DeForge

            
	 	
              Title:   Executive
                Director

            
	 	 

    

    
       

      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

    

    
      	
              LENDER: 
                BARCLAYS BANK PLC

               

            
	
              by

            
	
               

            	 /s/
              Sydney G.
              Dennis                   
	 	
              Name:
                Sydney G. Dennis

            
	 	
              Title:  
                Director

            
	 	 

    

    
      
         

         

      
SIGNATURE
      PAGE TO

    
      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              LENDER: 
                BNP Paribas

               

            
	
              by

            
	
               

            	 /s/
              Francis J.
              Delaney                   
	 	
              Name:
                Francis J. Delaney

            
	 	
              Title:  
                Managing Director

            
	 	 

      
 

    

    
      	
                                                                                         by

            
	
               

            	  /s/ Dan
              Cozine         
                     
                        
               *
	 	
              Name: Dan
                Cozine

            
	 	
              Title:   Managing
                Director

            
	 

______________________

      
        *
          For
          Lenders requiring an additional signature.

         

      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
       

      
        LENDER: 
          LEHMAN BROTHERS COMMERCIAL BANK

         

        
          	
                                                                                                by

                
	
                   

                	  /s/
                  George
                  Janes                
                         
	 	
                  Name: 
                    George Janes

                
	 	
                  Title:   
                    Chief Credit Officer

                
	 

        

      

    

    
       

      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

      
 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    LENDER: 
      The Bank of New York

     

    
      	
                                                                                           
                by

            
	
               

            	/s/
              Peter
              Keller                             
	 	
              Name: 
                Peter Keller

            
	 	
              Title:   
                Managing Director

            
	 	 

    

    ______________________

      
        *
          For
          Lenders requiring an additional signature.

         

      

    

    
      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION 

      ILLINOIS
        CREDIT AGREEMENT

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    
      
         

        
          LENDER:  Citibank,
            N.A.

           

          
            	
                                                                                              
                      by

                  
	
                     

                  	/s/
                    Scott
                    Hancock                  
                     
	 	
                    Name: 
                      Scott Hancock

                  
	 	
                    Title:   
                      Vice President

                  
	 	 

          

        

        
           

          SIGNATURE
            PAGE TO

          AMEREN
            CORPORATION 

          ILLINOIS
            CREDIT AGREEMENT

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

        
          
             

            
              LENDER:  GOLDMAN
                SACHS CREDIT PARTNERS, L.P.

               

              
                	
                                                                                                    
                          by

                      
	
                         

                      	/s/
                        Mark
                        Walton                       
                        
	 	
                        Name: 
                          Mark Walton

                      
	 	
                        Title:   
                          Authorized Signatory

                      
	 	 

              

            

            
              
                 

              

            

            
              SIGNATURE
                PAGE TO

              AMEREN
                CORPORATION 

              ILLINOIS
                CREDIT AGREEMENT

              

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

          

        

      

    

    
      LENDER: 
        

       

      UBS
        LOAN
        FINANCE LLC

       

      
        	
                                                                                            
                  by

              
	
                 

              	/s/
                Richard L.
                Tavrow             
                
	 	
                Name: Richard
                  L. Tavrow

              
	 	
                Title:   Director

              
	 	 

        
          	
                                                                                             by

                
	
                   

                	/s/ Irja
                  R.
                  Otsa                               
                  *
	 	
                  Name: Irja
                    R. Otsa

                
	 	
                  Title:   Associate
                    Director

                
	 	 

 ______________________

          
            *
              For
              Lenders requiring an additional signature.

             

          

        

        
          SIGNATURE
            PAGE TO

          AMEREN
            CORPORATION 

          ILLINOIS
            CREDIT AGREEMENT

          

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

        

      

      
         

        
          LENDER: 
            U.S. BANK

           

          
            	
                                                                                                
                      by

                  
	
                     

                  	/s/
                    Karen
                    Meyer                     
	 	
                    Name: 
                      Karen Meyer

                  
	 	
                    Title:   
                      Vice President

                  
	 	 

          

        

        
          
            
               

              SIGNATURE
                PAGE TO

              AMEREN
                CORPORATION 

              ILLINOIS
                CREDIT AGREEMENT

              

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

            
              LENDER:  Wachovia
                Bank National Association

               

              
                	
                                                                                                    
                          by

                      
	
                         

                      	/s/
                        Shawn
                        Young                  
                        
	 	
                        Name: 
                          Shawn Young

                      
	 	
                        Title:   
                          Vice President

                      
	 	 

              

            

             

             

            
              SIGNATURE
                PAGE TO

              AMEREN
                CORPORATION 

              ILLINOIS
                CREDIT AGREEMENT

              

              
                
                  
                  

                

                
                  
                  

                  
                    

                  

                

                
                  
                  

                

              

            

             

            
              	
                      LENDER: 
                        The Bank of Tokyo - Mitsubishi UFJ, Ltd.

                             Chicago
                        Branch

                       

                    
	
                      by

                    
	
                       

                    	/s/
                      Hirotsugu Hayashi       
                      
	 	
                      Name: Hirotsugu
                        Hayashi

                    
	 	
                      Title:   General
                        Manager

                    
	 

            

          

        

      

    

    ______________________

      
        *
          For
          Lenders requiring an additional signature.

         

        
          SIGNATURE
            PAGE TO

          AMEREN
            CORPORATION 

          ILLINOIS
            CREDIT AGREEMENT

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

    

    COMMITMENT
      SCHEDULE 

    

    COMMITMENT
      SCHEDULE 

    

    
      	
              Lender

            	
              Commitment

            
	
              JPMorgan
                Chase Bank, N.A.

            	
              $55,000,000

            
	
              Barclays
                Bank PLC

            	
              50,000,000

            
	
              BNP
                Paribas

            	
              50,000,000

            
	
              Lehman
                Brothers Bank, FSB

            	
              50,000,000

            
	
              The
                Bank of New York

            	
              50,000,000

            
	
              Citibank,
                N.A.

            	
              50,000,000

            
	
              Goldman
                Sachs Credit Partners L.P.

            	
              50,000,000

            
	
              UBS
                Loan Finance LLC

            	
              40,000,000

            
	
              U.S.
                Bank, N.A.

            	
              40,000,000

            
	
              Wachovia
                Bank, N.A.

            	
              40,000,000

            
	
              The
                Bank of Tokyo-Mitsubishi UFJ, Ltd.

            	
              25,000,000

            
	 	 
	
              Aggregate
                Commitment

            	
              $500,000,000

            

    

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    COMMITMENT
      SCHEDULE 

     

    LC
      COMMITMENT SCHEDULE

    

    
      	
              Issuing
                Bank

            	
              LC
                Commitment

            
	
              JPMorgan
                Chase Bank, N.A.

            	
              $500,000,000

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      PRICING
        SCHEDULE

     

    PRICING
      SCHEDULE

     

    

    
      	
              Applicable

              Margin
                or

              Applicable
                Fee 

              Rate

               

            	
              Level

              I

              Status

               

               

            	
              Level

              II

              Status

               

            	
              Level

              III

              Status

               

            	
              Level

              IV

              Status

               

            	
              Level

              V

              Status

               

            	
              Level

              VI

              Status

            
	
               

              Eurodollar
                

              Margin/LC
                

              Participation

              Fee
                (when 

              Usage
                ≤ 

              50.0%)

               

            	
               

              0.150%

               

            	
               

              0.300%

               

            	
               

              0.600%

               

            	
               

              0.825%

               

            	
               

              1.000%

               

            	
               

              1.375%

               

            
	
               

              Floating
                Rate 

              Margin
                (when 

              Usage
                ≤ 

              50.0%)

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.375%

               

            
	
               

              Eurodollar
                Margin/LC Participation 

              Fee
                (when 

              Usage
                > 

              50.0%)

               

            	
               

              0.280%

               

            	
               

              0.480%

               

            	
               

              0.850%

               

            	
               

              1.075%

               

            	
               

              1.250%

               

            	
               

              1.625%

               

            
	
               

              Floating
                Rate 

              Margin
                (when 

              Usage
                > 

              50.0%)

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.075%

               

            	
               

              0.250%

               

            	
               

              0.625%

               

            
	
               

              Facility
                Fee

               

            	
               

              0.100%

               

            	
               

              0.125%

               

            	
               

              0.150%

               

            	
               

              0.175%

               

            	
               

              0.250%

               

            	
               

              0.375%

               

            

    

    

    “Level
      I
      Status” exists at any date if, on such date, the applicable entity’s Moody’s
      Rating is A2 or better or the applicable entity’s S&P Rating is A or
      better.

    

    “Level
      II
      Status” exists at any date if, on such date, (i) the applicable entity has not
      qualified for Level I Status and (ii) the applicable entity’s Moody’s Rating is
      A3 or better or the applicable entity’s S&P Rating is A- or
      better.

    

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

    

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

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Level
      V
      Status” exists at any date if, on such date, (i) the applicable entity has not
      qualified for Level I Status, Level II Status, Level III Status or Level IV
      Status and (ii) the applicable entity’s Moody’s Rating is Baa3 or better or the
      applicable entity’s S&P Rating is BBB- or better.

    

    “Level
      VI
      Status” exists at any date if, on such date, the applicable entity has not
      qualified for Level I Status, Level II Status, Level III Status, Level IV
      Status, or Level V Status.

    

    “Moody’s
      Rating” means, at any time, the public rating issued by Moody’s Investors
      Service, Inc. (“Moody's”)
      and
      then in effect with respect to (i) in the case of an Illinois Utility, such
      entity’s senior secured long-term debt securities without third-party credit
      enhancement or such entity’s First Mortgage Bond obligations without third-party
      credit enhancement and (ii) in the case of CILCORP, such entity's senior
      unsecured long-term debt securities without third party credit enhancement;
      provided
      that if
      the applicable entity does not have any such rating, Level VI Status shall
      exist. In the case of Resources, “Moody’s Rating” means, at any time, one of the
      following three ratings (in the order in which they are referred based on
      availability and, in each case, without third-party credit enhancement): (i)
      the
      public rating issued by Moody's and then in effect with respect to Resources'
      Advances and other Obligations; (ii) the public rating issued by Moody's and
      then in effect with respect to Resources' senior secured long-term debt
      securities; or (iii) the rating one level above the public rating issued by
      Moody's and then in effect with respect to Resources' senior unsecured and
      unsubordinated long-term debt securities. 

    

    “S&P
      Rating” means, at any time, the public rating issued by Standard and Poor’s
      Rating Services, a division of The McGraw Hill Companies, Inc. (“S&P”), and
      then in effect with respect to (i) in the case of an Illinois Utility, such
      entity’s senior secured long-term debt securities without third-party credit
      enhancement or such entity's First Mortgage Bond obligations without credit
      enhancement and (ii) in the case of CILCORP, such entity's senior unsecured
      long-term debt securities without third party credit enhancement; provided
      that if
      the applicable entity does not have any such rating, Level VI Status shall
      exist. In the case of Resources, “S&P Rating” means, at any time, one of the
      following three ratings (in the order in which they are referred based on
      availability and, in each case, without third-party credit enhancement): (i)
      the
      public rating issued by S&P and then in effect with respect to Resources'
      senior secured long-term debt securities; (ii) the public rating issued by
      S&P and then in effect with respect to Resources' Advances and other
      Obligations, or (iii) the rating one level above the public rating issued by
      S&P and then in effect with respect to Resources' senior unsecured and
      unsubordinated long-term debt securities.

    

    “Status”
      means Level I Status, Level II Status, Level III Status, Level IV Status, Level
      V Status or Level VI Status.

    

    “Usage”
      refers to the Aggregate Revolving Credit Exposure on any date reflected as
      a
      percentage of the Aggregate Commitment on such date (and shall be deemed to
      be
      greater than 50% on any date when the Aggregate Commitment is zero). All
      capitalized terms used but not defined in this Pricing Schedule shall have
      the
      meanings assigned thereto in the Credit Agreement to which this Pricing Schedule
      is attached.

    

    The
      Applicable Margin shall be determined in accordance with the foregoing table
      based on the applicable Borrower’s Status as determined from its then-current
      Moody’s Rating and S&P Rating; provided
      that in
      the event that Resources has neither a Moody’s Rating nor an S&P Rating, the
      Applicable Margin applicable to Resources shall be determined based on the
      Ratio
      Table below. The Applicable Fee Rate shall be 

     

    Pricing Schedule
      Page 2

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    determined
      (a) with respect to Facility Fees of each entity, in accordance with this
      Pricing Schedule, using such entity's Status and such entity's Contribution
      Percentage and (b) with respect to LC Participation Fees, in accordance with
      the
      foregoing table based on the applicable Borrower’s Status; provided
      that in
      the event that Resources has neither a Moody’s Rating nor an S&P Rating, the
      Applicable Fee Rate applicable to Resources shall be determined based on the
      Ratio Table below. The credit rating in effect on any date for the purposes
      of
      this Schedule is that in effect at the close of business on such date.

    

    If
      the
      applicable entity is split-rated and the ratings differential is one level,
      then
      each rating agency will be deemed to have a rating in the higher level. If
      the
      applicable entity is split-rated and the ratings differential is two levels
      or
      more, then each rating agency will be deemed to have a rating one level above
      the lower rating, unless either rating is below BB+ or unrated (in the case
      of
      S&P) or below Ba1 or unrated (in the case of Moody’s), in which case each
      rating agency will be deemed to have a rating in the lower level.
      Notwithstanding the foregoing, in the event that Resources has only one rating,
      the Applicable Margin or Applicable Fee Rate shall be determined by taking
      the
      arithmetic average of the Applicable Margin or Applicable Fee Rate from the
      Pricing Schedule based upon the rating of Resources and the Applicable Margin
      or
      Applicable Fee Rate from the Ratio Table.

    

    At
      any
      time that the Applicable Margin or the Applicable Fee Rates of Resources shall
      be based upon the Ratio Table below, the financial reporting required will
      include reporting for Resources to be specified by the Agent in connection
      with
      the determination of such pricing.

    

    Ratio
      Table

    

    
      	
               

               

              Consolidated
                Total 

              Debt
                to Consolidated 

              Cash
                Flow Ratio

            	
               

              Eurodollar
                

              Margin/LC
                

              Participation
                

              Fee
                (when 

              Usage
                ≤ 

              50.0%)

            	
               

              Floating
                

              Rate
                

              Margin
                

              (when

              Usage
                ≤ 

              50.0%)

               

            	
               

              Eurodollar
                

              Margin/LC
                

              Participation
                

              Fee
                (when 

              Usage
                > 

              50.0%)

               

            	
               

              Floating
                

              Rate
                Margin
                

              (when
                

              Usage
                >

              50.0%)

               

            	
               

               

              Facility
                Fee

               

               

            
	
              Level
                I

              less
                than 1.0:1.0

               

            	
              0.150%

            	
              0.000%

            	
              0.280%

            	
              0.000%

            	
              0.100%

            
	
              Level
                II

              1.0:1.0
                or greater,

              but
                less than 1.5:1.0

               

            	
              0.300%

            	
              0.000%

            	
              0.480%

            	
              0.000%

            	
              0.125%

            
	
              Level
                III

              1.5:1.0
                or greater,

              but
                less than 2.0:1.0

               

            	
              0.600%

            	
              0.000%

            	
              0.850%

            	
              0.000%

            	
              0.150%

            
	
              Level
                IV

              2.0:1.0
                or greater

              but
                less than 2.5:1.0

               

            	
              0.825%

            	
              0.000%

            	
              1.075%

            	
              0.075%

            	
              0.175%

            

    

     

     

    Pricing
      Schedule Page 3

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Level
                V

              2.5:1.0
                or greater

              but
                less than 3.0:1.0

               

            	
              1.000%

            	
              0.000%

            	
              1.250%

            	
              0.250%

            	
              0.250%

            
	
              Level
                VI

              3.0:1.0
                or greater

            	
              1.375%

            	
              0.375%

            	
              1.625%

            	
              0.625%

            	
              0.375%

            

    

    

    For
      purposes of the table above, the following terms shall have the meanings set
      forth below:

    

    “Consolidated
      Total Debt to Consolidated Operating Cash Flow Ratio”
means,
      at any date of determination, the ratio of Consolidated Indebtedness of
      Resources as at the end of the most recently ended fiscal quarter for which
      financial statements have been delivered to Consolidated Cash Flow of Resources
      for such fiscal quarter and the immediately preceding three fiscal
      quarters.

     

    “Consolidated
      Indebtedness”
      means,
      at any time, the Indebtedness of Resources and its Subsidiaries which would
      be
      consolidated in the consolidated financial statements of Resources and such
      Subsidiaries in accordance with Agreement Accounting Principles on a
      consolidated basis at such time,
      excluding Permitted Securitizations and the subordinated indebtedness specified
      in the proviso of Section 6.17 of the Agreement.

    

    “Consolidated
      Operating Cash Flow” means,
      for any
      period, the sum of the amounts which would appear in accordance with Agreement
      Accounting Principles on the consolidated statement of cash flow of Resources
      in
      the “Cash Flow from Operating Activities” section before, and without including
      amounts under or described as “changes in assets and liabilities”. 

     

    Pricing
      Schedule Page 4

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
SCHEDULE
      1

    SCHEDULE
      1

     

    

    SUBSIDIARIES

    (See
      Section 5.8)

    

    

    SUBSIDIARIES
      OF CENTRAL ILLINOIS PUBLIC SERVICE COMPANY

     

    
      	
               

              Subsidiary

            	
              Jurisdiction
                of

                   
                Organization

            	
              
                Owned

                By

              

            	
               

            	
              Percent

              Ownership

            	 

               

            	 	 
	 	 	 	 	 
	
              1. 
                CIPS Energy, Inc.

            	
              Illinois

               

               

            	 	
              Central
                Illinois Public Service 

              Company

               

            	
              100%

            

    

     

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        SUBSIDIARIES
          OF CILCORP INC.

        
          	
                   

                  Subsidiary

                	
                  Jurisdiction
                    of

                       
                    Organization

                	
                  
                    Owned

                    By

                  

                	
                   

                	
                  Percent

                  Ownership

                	 

                   

                	 	 
	 	 	 	 	 
	
                  1. 
                    Central Illinois Light

                       Company

                	
                  Illinois

                   

                	 	
                  CILCORP
                    Inc.

                   

                	
                  100%

                	
                	 	 
	 	 	 	 	 	 	 	 
	
                  2. 
                    CILCO
                    Exploration and 
                         Development
                      Co.

                  

                	
                  Illinois

                	 	
                  Central
                    Illinois Light Company

                	
                  100%

                	
                   

                	 	 
	 	 	 	 	 	 	 	 
	
                  3. 
                    AmerenEnergy
                    Resources 
                         Generating
                      Company

                  

                	
                  Illinois

                	 	
                  Central
                    Illinois Light Company

                	
                  100%

                	 	 	 
	 	 	
                   

                	 	 	 	 	 
	
                  4. 
                    CILCO
                    Energy Corporation

                	
                  Illinois

                	 	
                  Central
                    Illinois Light Company

                	
                  100%

                	 	 	 
	 	 	 	 	 	 	 	 
	
                  5. 
                    CIM
                    Energy Investment Inc.

                	
                  Illinois
                    

                	
                	CILCORP
                  Inc.	
                  100%

                	 	 	 
	 	 	 	 	 	 	 	 
	
                  6. 
                    QST
                    Enterprises Inc.

                	
                  Illinois

                	
                	CILCORP
                  Inc.	
                  100%

                	 	
                	 
	 	 	 	 	 	 	 	 
	
                  7. 
                    QST
                    Energy Inc.

                	
                  Illinois

                	
                   

                	QST
                  Enterprises Inc.	
                  100%

                	 	
                	 
	 	 	 	 	 	 	 	 
	
                  8. 
                    QST
                    Energy Trading Inc.

                	
                  Illinois

                	 	
                  QST
                    Energy Inc.

                	
                  100%

                	
                	 	 
	 	 	 	 	 	 	 	 
	
                  9.  
                    CILCORP
                    Infraservices

                       
                    Inc.

                	
                  Illinois

                	 	
                  QST
                    Enterprises Inc.

                	
                  100%

                	
                   

                	 	 
	
                	 	 	 	 	 	 	 
	
                  10. QST
                    Inc.

                	
                   Illinois

                	 	
                  QST
                    Enterprises Inc.

                	
                  
                    100%

                  

                	 	 	
                   

                
	 	 	 	 	 	 
	
                  11. ESE
                    Land Corporation

                	
                  Illinois

                	 	
                  QST
                    Enterprises Inc.

                	
                   100%

                	
                   

                	 	 
	 	 	 	 
	
                  12. Savannah
                    Resources

                       
                    Corp.

                	
                  California

                	
                   

                	
                  ESE
                    Land Corporation

                	
                  100%
                    

                	 	 	 
	
                	 	 	 
	
                  13. ESE
                    Placentia 

                        Development
                    Corporation

                	 

                  Illinois

                	 	
                  ESE
                    Land Corporation

                	
                  
                    100%

                  

                	 	
                   

                	 
	 	 	 	 
	
                  14.
                    CILCORP
                    Venture Inc.

                	
                  Illinois

                	 	
                  CILCORP
                    Inc.

                	
                  100%

                	
                   

                	 	 
	 	 	 	 
	
                  15.
                    CILCORP
                    Energy 
                         
                      Services Inc.

                  

                	
                  Illinois

                	
                	
                  CILCORP
                    Venture Inc.

                	
                  100%

                	
                   

                	 	 
	
                	 	 	 
	
                  16. Agricultural
                    Research

                       
                    & Development Corp

                	
                  Illinois

                	
                   

                	
                  CILCORP
                    Venture Inc..

                	
                  80%

                	
                   

                	 	 

        

         

        Schedule
          1 Page 2

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          SUBSIDIARIES
            OF CILCO

           

        

        
          	 	 	 	 
	
                   

                  Subsidiary  

                	     
                  Jurisdiction of 
                  Organization

                	 	
                  Owned

                   By

                	 	
                  Percent

                  Ownership

                	 	 	 
	 	 	 	 
	
                  
                    1. 
                      CILCO Exploration and

                         Development
                      Co. 

                  

                	
                  Illinois

                	 	Central
                  Illinois Light Company 	
                  100%

                	 	 	 
	 	 	 	 
	
                  2. 
                    AmerenEnergy Resources

                       Generating
                    Company 

                	
                   Illinois

                	 	Central
                  Illinois Light Company	
                   100%

                	 	 	 
	 	 	 	 	 	 	 	 
	3. 
                  CILCO Energy Corporation	
                  Illinois

                	 	Central
                  Illinois Light Company	
                  100%

                	 	 	 

        

      

       

      Schedule
        1 Page 3

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      SUBSIDIARIES
        OF ILLINOIS POWER COMPANY

      

      
        	
                 

                Subsidiary  

              	     
                Jurisdiction of 
                Organization

              	 	
                Owned

                 By

              	 	
                Percent

                Ownership

              	 	 	 
	 

      

      
        	
                
                  1. 
                    IP Gas Supply Company      
                    

                

              	
                Illinois

              	 	Illinois
                Power Company	
                100%

              	 	 	 
	 	 	 	 
	
                2. 
                  Illinois Power Transmission

                     Company,
                  LLC

              	
                Delaware

              	 	Illinois
                Power Company	
                 100%

              	 	 	 
	 	 	 	 	 	 	 	 
	
                3. 
                  Illinois Power Securitization

                     Limited Liability
                  Company

              	
                Delaware

              	 	Illinois
                Power Company	
                100%

              	 	 	 
	 	 	 	 	 	 	 	 
	
                4. 
                  Illinois Power Special Purpose

                     Trust

              	
                Delaware

              	 	
                Illinois
                  Power Securitization

                Limited
                  Liability Company

              	
                100%

              	 	 	 
	 	 	 	 	 	 	 	 
	
                5. 
                  Illinois Power Financing I 

              	
                Delaware

              	 	Illinois
                Power Company 	
                100%

              	 	 	 
	 	 	 	 	 	 	 
	6. 
                Illinois Power Financing II	
                Delaware 

              	 	Illinois
                Power Company 	
                100%

              	 	 	 

      

       

      Schedule
        1 Page 4

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      SCHEDULE
        2

    

    SCHEDULE
      2

    

    LIENS

    (see
      Section 6.13.5)

    

    None

    

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      3

    SCHEDULE
      3

    

    RESTRICTIVE
      AGREEMENTS

    (see
      Section 6.13.5)

     

     

    Following
      are the agreements or other arrangements existing as of the effective date
      of
      the Credit Agreement dated as of February 9, 2007, (the “Agreement”), among the
      Borrowers, the lending institutions identified therein as Lenders and JPMorgan
      Chase Bank, as Administrative Agent that prohibit, restrict or impose any
      condition upon the ability of any Borrower or any Subsidiary (other than a
      Project Finance Subsidiary) to create or otherwise cause to become effective
      any
      consensual encumbrance or restriction of any kind on the ability of any such
      Subsidiary other than a Project Finance Subsidiary (i) to pay dividends or
      make
      any other distribution on its common stock, (ii) to pay any Indebtedness or
      other obligation owed to such Borrower or any other Subsidiary of such Borrower,
      or (iii) to make loans or advances or other Investments in such Borrower or
      any
      other Subsidiary of such Borrower. The following list does not include
      restrictions and conditions imposed by law or by the above-referenced Agreement.
      Terms defined in the above-referenced Agreement are used herein with the same
      meanings.

     

    CIPS

     

    CIPS
      Restated Articles of Incorporation: Dividend Restriction. So long as any shares
      of the Cumulative Preferred Stock of CIPS are outstanding, dividends on CIPS’
common stock are restricted at any time when the ratio of common stock equity
      to
      total capitalization is not in excess of 25 percent.

     

    CIPS
      Indenture of Mortgage dated October 1, 1941, as supplemented and amended:
      Dividend Restriction. So long as any of the present First Mortgage Bonds issued
      under this indenture are outstanding, no dividends may be declared or paid
      on
      CIPS’ common stock, unless during the period from December 31, 1940 to the date
      of payment of such dividends, the amounts expended by CIPS for maintenance
      and
      repairs, plus the amounts provided for depreciation of the mortgaged properties,
      plus the accumulations to earned surplus shall be at least equal to the amount
      required to be expended by CIPS during such period for the purposes specified
      in
      Section 1 of Article VII of this indenture.

     

    Credit
      Agreement dated as of July 14, 2006 (defined terms used with the meaning given
      in such Credit Agreement): 

     

    Limitation
      on Investments and Acquisitions (Section 6.12.2): CIPS will not, nor will it
      permit its Subsidiaries to, make any investment in, or lease, sell or otherwise
      dispose of any asset to, any Affiliate of Ameren other than: sales of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business; disposition of assets by a Subsidiary of CIPS
      (other than a Borrower) to CIPS or another Subsidiary of CIPS; dispositions
      pursuant to Leveraged Lease Sales; transfers of Receivables pursuant to
      Permitted Securitizations; cash management investments; certain transfers of
      assets for fair market value; dispositions by a Subsidiary to an Affiliate
      received by such Subsidiary after July 14, 2006 from Ameren specifically for
      disposition to such Affiliate; certain other investments or dispositions not
      to
      exceed $25 million and payments of cash dividends not otherwise restricted
      by
      the Credit Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Restricted
      Payments (Section 6.21): CIPS will not declare or make any Restricted Payment
      if
      a Default has occurred and shall be continuing in respect of CIPS. CIPS will
      not
      declare or make any Restricted Payment if CIPS’s Moody’s Rating (as defined in
      the Pricing Schedule) then in effect shall be Ba1 or lower, or no Moody’s Rating
      shall be in effect, or (ii) CIPS’s S&P Rating (as defined in the Pricing
      Schedule) then in effect shall be BB+ or lower, or no S&P Rating shall be in
      effect for such Borrower, except for Restricted Payments not to exceed $10
      million if there is no Default with respect to CIPS.

     

    CILCORP

     

    CILCORP
      (as successor to Midwest Energy, Inc.) Indenture dated as of October 18, 1999,
      as supplemented and/or amended: Limitation on Distributions. CILCORP shall
      not
      make or pay any dividend, distribution or payment (including by way of
      redemption, repurchase, retirement, return or repayment) in respect of shares
      of
      its capital stock to any of its shareholders unless there exists no event of
      default under such indenture and no such event of default will result from
      the
      making of such distribution, and either (a) at the time and as a result of
      making such distribution CILCORP’s leverage ratio does not exceed 0.67:1 and
      CILCORP’s interest coverage ratio is not less than 2.2:1, or (b) if CILCORP is
      not in compliance with the ratios described in clause (a) above, its senior
      long-term debt ratings are at least BB+ from S&P, Baa2 from Moody’s and BBB
      from Fitch, Inc.

     

    CILCORP
      (as successor to Midwest Energy, Inc.) Indenture dated as of October 18, 1999,
      as supplemented and/or amended: Limitation on Intercompany Loans. CILCORP shall
      not make any intercompany loan to The AES Corporation or any of its affiliates
      (other than CILCORP or any of its direct or indirect subsidiaries) unless there
      exists no event of default under such indenture and no such event of default
      will result from the making of such intercompany loan, and either (a) at the
      time and as a result of making such intercompany loan CILCORP’s leverage ratio
      does not exceed 0.67:1 and CILCORP’s interest coverage ratio is not less than
      2.2:1, or (b) if CILCORP is not in compliance with the ratios described in
      clause (a) above, its senior long-term debt ratings are at least BB+ from
      S&P, Baa2 from Moody’s and BBB from Fitch, Inc.

     

    CILCORP
      Pledge Agreement dated as of October 18, 1999, as amended or supplemented:
      Encumbrance on CILCO Common Dividends. Common stock of CILCO is pledged as
      collateral to holders of CILCORP indebtedness issued under the indenture
      referred to above. Also included as collateral are all dividends, cash,
      instruments and other property and proceeds distributed in respect of such
      common stock excluding all cash dividends paid so long as no event of default
      shall have occurred and shall be continuing. Any and all (i) dividends and
      other
      distributions (other than cash dividends) received, receivable or otherwise
      distributed in respect of, or in exchange for, any collateral (including the
      CILCO common stock) and (ii) cash paid, payable or otherwise distributed in
      redemption of, or in exchange for, any collateral, shall be delivered to the
      collateral agent under this agreement to hold as collateral.

     

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

     

    Credit
      Agreement dated as of July 14, 2006 (defined terms used with the meaning given
      in such Credit Agreement): 

     

    Schedule
      3 Page 2

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Limitation
      on Investments and Acquisitions (Section 6.12.2): CILCORP will not, nor will
      it
      permit its Subsidiaries to, make any investment in, or lease, sell or otherwise
      dispose of any asset to, any Affiliate of Ameren other than: sales of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business; disposition of assets by a Subsidiary of CILCORP
      (other than a Borrower) to CILCORP or another Subsidiary of CILCORP;
      dispositions pursuant to Leveraged Lease Sales; transfers of Receivables
      pursuant to Permitted Securitizations; cash management investments; certain
      transfers of assets for fair market value; dispositions by a Subsidiary to
      an
      Affiliate received by such Subsidiary after July 14, 2006 from Ameren
      specifically for disposition to such Affiliate; certain other investments or
      dispositions not to exceed $25 million and payments of cash dividends not
      otherwise restricted by the Credit Agreement.

     

    Restricted
      Payments (Section 6.21): CILCORP will not declare or make any Restricted Payment
      if a Default has occurred and shall be continuing in respect of CILCORP. CILCORP
      will not declare or make any Restricted Payment if CILCORP’s Moody’s Rating (as
      defined in the Pricing Schedule) then in effect shall be Ba1 or lower, or no
      Moody’s Rating shall be in effect, or (ii) CILCORP’s S&P Rating (as defined
      in the Pricing Schedule) then in effect shall be BB+ or lower, or no S&P
      Rating shall be in effect for such Borrower, except for Restricted Payments
      not
      to exceed $10 million if there is no Default with respect to
      CILCORP.

     

    CILCO

     

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

     

    Credit
      Agreement dated as of July 14, 2006 (defined terms used with the meaning given
      in such Credit Agreement): 

     

    Limitation
      on Investments and Acquisitions (Section 6.12.2): CILCO will not, nor will
      it
      permit its Subsidiaries to, make any investment in, or lease, sell or otherwise
      dispose of any asset to, any Affiliate of Ameren other than: sales of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business; disposition of assets by a Subsidiary of CILCO
      (other than a Borrower) to CILCO or another Subsidiary of CILCO; dispositions
      pursuant to Leveraged Lease Sales; transfers of Receivables pursuant to
      Permitted Securitizations; cash management investments; certain transfers of
      assets for fair market value; dispositions by a Subsidiary to an Affiliate
      received by such Subsidiary after July 14, 2006 from Ameren specifically for
      disposition to such Affiliate; certain other investments or dispositions not
      to
      exceed $25 million and payments of cash dividends not otherwise restricted
      by
      the Credit Agreement.

     

    Restricted
      Payments (Section 6.21): CILCO will not declare or make any Restricted Payment
      if a Default has occurred and shall be continuing in respect of CILCO. CILCO
      will not declare or make any Restricted Payment if CILCO’s Moody’s Rating (as
      defined in the Pricing Schedule) then in effect shall be Ba1 or lower, or no
      Moody’s Rating shall be in effect, or (ii) CILCO’s S&P Rating (as defined in
      the Pricing Schedule) then in effect shall be BB+ or lower, or no S&P Rating
      shall be in effect for such Borrower, except for Restricted Payments not to
      exceed $10 million if there is no Default with respect to CILCO.

     

    IP

     

    Illinois
      Power Securitization Limited Liability Company - as “Grantee” under Illinois
      Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose Trust
      Transitional Funding Trust Notes, Series 

     

    Schedule
      3 Page 3

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1998-1:
      Limitation on Intercompany Loans. Grantee may not make any loan, advance or
      certain other investments to or in any other person.

     

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

     

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

     

    Credit
      Agreement dated as of July 14, 2006 (defined terms used with the meaning given
      in such Credit Agreement): 

     

    Limitation
      on Investments and Acquisitions (Section 6.12.2): IP will not, nor will it
      permit its Subsidiaries to, make any investment in, or lease, sell or otherwise
      dispose of any asset to, any Affiliate of Ameren other than: sales of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business; disposition of assets by a Subsidiary of IP (other
      than a Borrower) to IP or another Subsidiary of IP; dispositions pursuant to
      Leveraged Lease Sales; transfers of Receivables pursuant to Permitted
      Securitizations; cash management investments; certain transfers of assets for
      fair market value; dispositions by a Subsidiary to an Affiliate received by
      such
      Subsidiary after July 14, 2006 from Ameren specifically for disposition to
      such
      Affiliate; certain other investments or dispositions not to exceed $25 million
      and payments of cash dividends not otherwise restricted by the Credit
      Agreement.

     

    Restricted
      Payments (Section 6.21): IP will not declare or make any Restricted Payment
      if a
      Default has occurred and shall be continuing in respect of IP. IP will not
      declare or make any Restricted Payment if IP’s Moody’s Rating (as defined in the
      Pricing Schedule) then in effect shall be Ba1 or lower, or no Moody’s Rating
      shall be in effect, or (ii) IP’s S&P Rating (as defined in the Pricing
      Schedule) then in effect shall be BB+ or lower, or no S&P Rating shall be in
      effect for such Borrower, except for Restricted Payments not to exceed $10
      million if there is no Default with respect to IP.

     

    RESOURCES

     

    Credit
      Agreement dated as of July 14, 2006 (defined terms used with the meaning given
      in such Credit Agreement): 

     

    
      Schedule
        3 Page 4

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Limitation
      on Investments and Acquisitions (Section 6.12.2): Resources will not, nor will
      it permit its Subsidiaries to, make any investment in, or lease, sell or
      otherwise dispose of any asset to, any Affiliate of Ameren other than: sales
      of
      electricity, natural gas, emissions credits and other commodities in the
      ordinary course of business; disposition of assets by a Subsidiary of Resources
      (other than a Borrower) to Resources or another Subsidiary of Resources;
      dispositions pursuant to Leveraged Lease Sales; transfers of Receivables
      pursuant to Permitted Securitizations; cash management investments; certain
      transfers of assets for fair market value; dispositions by a Subsidiary to
      an
      Affiliate received by such Subsidiary after July 14, 2006 from Ameren
      specifically for disposition to such Affiliate; certain other investments or
      dispositions not to exceed $25 million and payments of cash dividends not
      otherwise restricted by the Credit Agreement.

     

    Restricted
      Payments (Section 6.21): Resources will not declare or make any Restricted
      Payment if a Default has occurred and shall be continuing in respect of
      Resources. Resources will not declare or make any Restricted Payment if
      Resources’ Consolidated Total Debt to Consolidated Operating Cash Flow Ratio (as
      defined in the Pricing Schedule) is less than or equal to 3.0 to 1.0, except
      for
      Restricted Payments not to exceed $10 million if there is no Default with
      respect to Resources.

    

      Schedule
        3 Page 5

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      4

     

    SCHEDULE
      4

    REGULATORY
      AUTHORIZATIONS

    (See
      Sections 4.2.3, 4.3.3, and 5.18)

    

    The
      Federal Energy Regulatory Commission has issued the following orders under
      the
      Federal Power Act to authorize the incurrence by AmerenEnergy Resources
      Generating Company (“Resources”) of the Indebtedness contemplated by this
      Agreement:

     

    
      	·  	
              Letter
                order issued on October 25, 2002 (Docket Nos. ER02-1688-000,
                ER02-1688-001, and ER02-1688-002): grants Central Illinois Generation,
                Inc. (now known as Resources) blanket authorization to issue securities
                and assume liabilities, including borrowing under this Agreement.
                

            

    

     

     

    The
      Illinois Commerce Commission has been requested to issue the following orders
      under the Illinois Public Utilities Act to authorize each of CIPS, CILCO, and
      IP
      to incur the long-term indebtedness and to execute and deliver the Credit
      Agreement Bonds and related Supplemental Indentures contemplated by this
      Agreement:

     

     

    
      	·  	
              Order
                in Docket No. 07-____: requested to grant CIPS authorization to incur
                long-term indebtedness in an aggregate principal amount not to exceed
                $135,000,000 (less the amount of borrowing authority that remains
                available under the Existing Credit Agreement) such that the aggregate
                amount authorized under the Existing Credit Agreement and the Credit
                Agreement does not exceed $135,000,000, and to execute, enter into,
                and
                deliver the CIPS Credit Agreement Bonds and the CIPS Supplemental
                Indenture.

            

    

     

     

    
      	·  	
              Order
                in Docket No. 07-____: requested to grant CILCO authorization to
                incur
                long-term indebtedness in an aggregate principal amount not to exceed
                $150,000,000 (less the amount of borrowing authority that remains
                available under the Existing Credit Agreement) such that the aggregate
                amount authorized under the Existing Credit Agreement and the Credit
                Agreement does not exceed $150,000,000 and to execute,
                enter

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    into,
      and deliver the CILCO Credit Agreement Bonds
      and the CILCO Supplemental Indenture.

     

    
      	·  	
              Order
                in Docket No. 07-____: requested to grant IP authorization to incur
                long-term indebtedness in an aggregate principal amount not to exceed
                $200,000,000 and to execute, enter into, and deliver the IP Credit
                Agreement Bond and the IP Supplemental
                Indenture.

            

    

     

    Schedule
      4 Page 2

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      EXHIBIT
        A-1

      FORM
        OF
        OPINION OF COUNSEL 

      FOR
        RESOURCES AND CILCORP

    

     

    February
      9, 2007

    To
      the
      Lenders and

    JPMorgan
      Chase Bank, N.A., 

    as
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am the
      Senior Vice President, General Counsel and Secretary of Ameren Corporation
      and
      its subsidiaries, AmerenEnergy Resources Generating Company, an Illinois
      corporation (“Resources”)
      and
      CILCORP Inc., an Illinois corporation (“CILCORP,”
and
      together with Resources, the “Illinois
      Borrowers”).
      I, or
      lawyers under my direction, have acted as counsel for the Illinois Borrowers
      in
      connection with the Credit Agreement dated as of February 9, 2007 (the “Credit
      Agreement”), among the Illinois Borrowers, Central Illinois Public Service
      Company, an Illinois corporation, Central Illinois Light Company, an Illinois
      corporation, Illinois Power Company, an Illinois corporation, the lending
      institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as
      Agent. Terms defined in the Credit Agreement are used herein with the same
      meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion. In rendering the opinion expressed below with respect to matters of
      Illinois law as it applies to the Illinois Borrowers, I, or lawyers under my
      direction, have relied on the opinion, of even date herewith and addressed
      to
      you, of Craig W. Stensland, Esq., Associate General Counsel of Ameren Services
      Company, an affiliate of the Illinois Borrowers.

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Illinois Borrowers) as reflected adjacent to such
      individual’s signature on the Loan Documents, the genuineness of all signatures
      (other than those of representatives of the Illinois Borrowers appearing on
      Loan
      Documents), the authenticity of all documents furnished to me as originals,
      the
      conformity to originals of all documents furnished to me as certified or
      photostatic copies and the authenticity of the originals of such documents.
      In
      addition, I have assumed without independent investigation that (i) the
      Loan Documents have been duly authorized, executed and delivered by the parties
      thereto other than the Illinois Borrowers, and constitute their valid, lawful
      and binding obligations and agreements, and (ii) there is no separate agreement,
      undertaking, or course of dealing modifying, varying or waiving any of the
      terms
      of the Loan Documents. As to matters of fact not independently established
      by me
      relevant to the opinions set forth herein, I have relied without independent
      investigation on the representations contained in the Loan Documents and in
      certificates of public officials and responsible representatives of each
      Illinois Borrower furnished to me; provided,
      however,
      that I
      advise that in the course of my representation of the Illinois Borrowers, I
      obtained no information that leads me to believe that any such representation
      or
      certificate is untrue or misleading in any material respect.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    Except
      for the Disclosed Matters, there is no litigation, arbitration, governmental
      investigation, proceeding or inquiry currently existing, or, to the best of
      my
      knowledge after due inquiry, pending or threatened against or affecting any
      Illinois Borrower or any of their Subsidiaries, which, if determined adversely
      to such Illinois Borrower or to its Subsidiaries, could reasonably be expected
      to have a Material Adverse Effect with respect to such Illinois Borrower or
      which seeks to prevent, enjoin or delay the making of any Loans or would
      adversely effect the legality, validity or enforceability of the Loan Documents
      or the ability of such Illinois Borrower to perform the transactions
      contemplated therein.

     

    Neither
      any Illinois Borrower nor any Subsidiary of any Illinois Borrower is an
“investment company” or a company “controlled” by an “investment company,”
within the meaning of the Investment Company Act of 1940, as
      amended.

     

    Resources
      is a “public utility” as defined in the Federal Power Act. The Federal Energy
      Regulatory Commission (“FERC”) has issued an order granting a blanket
      authorization to Resources to issue securities and assume liabilities, including
      borrowing under the Credit Agreement. Such order of the FERC is in full force
      and effect. No other federal governmental consents, approvals, authorizations,
      registrations, declarations or filings are required in connection with the
      extensions of credit under the Credit Agreement or the performance by each
      Illinois Borrower of its obligations under the Loan Documents.

    

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    I
      am a
      member of the Bar of the State of Missouri and the foregoing opinion is limited
      to the federal laws of the United States of America. This opinion is rendered
      solely to you in connection with the above matter. This opinion may not be
      relied upon by you for any other purpose or relied upon by any other Person
      (other than your successors and assigns as Lenders and, as to certain matters
      involving the application of the federal laws of the United States of America
      contained in his opinion addressed to you and dated the date hereof, Craig
      W.
      Stensland, Esq.) without my prior written consent. Notwithstanding anything
      in
      this opinion letter to the contrary, you may disclose this opinion (i) to
      prospective successors and assigns of the addressees hereof, (ii) to regulatory
      authorities having jurisdiction over any of the addressees hereof or their
      successors and assigns, and (iii) pursuant to valid legal process, in each
      case
      without my prior consent. This opinion is delivered as of the date hereof and
      I
      undertake no, and disclaim any, obligation to advise you of any change in
      matters of law or fact set forth herein or upon which this opinion is
      based.

     

    Very
      truly yours,

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      EXHIBIT
        A-2

      FORM
        OF
        OPINION OF ILLINOIS

      COUNSEL
        FOR
        RESOURCES AND CILCORP

     

    

    February
      9, 2007

    To
      the
      Lenders and

    JPMorgan
      Chase Bank, N.A.,

    as
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am an
      Associate General Counsel of Ameren Services Company, an affiliate that provides
      legal and other professional services to AmerenEnergy Resources Generating
      Company, an Illinois corporation (“Resources”)
      and
      CILCORP Inc., an Illinois corporation (“CILCORP”
and,
      collectively with Resources, the “Illinois
      Borrowers”).
      I, or
      lawyers under my direction, have acted as counsel for the Illinois Borrowers
      in
      connection with the Credit Agreement dated as of February 9, 2007 (the
“Credit
      Agreement”),
      among
      the Illinois Borrowers, Central Illinois Public Service Company, an Illinois
      corporation, Central Illinois Light Company, an Illinois corporation, Illinois
      Power Company, an Illinois corporation, the lending institutions identified
      therein as Lenders and JPMorgan Chase Bank, N.A., as Agent. Terms defined in
      the
      Credit Agreement are used herein with the same meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion. In rendering the opinion expressed below with respect to matters
      relating to the application of the federal laws of the United States of America,
      I have relied on the opinion, of even date herewith and addressed to you, of
      Steven R. Sullivan, Senior Vice President, General Counsel and Secretary of
      Ameren Corporation and its subsidiaries, including the Illinois
      Borrowers.

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Illinois Borrowers) as reflected adjacent to such
      individual’s signature on the Loan Documents executed by such Illinois Borrower,
      the genuineness of all signatures (other than those of representatives of the
      Illinois Borrowers appearing on the Loan Documents), the authenticity of all
      documents furnished to me as originals, the conformity to originals of all
      documents furnished to me as certified or photostatic copies and the
      authenticity of the originals of such documents. In addition, I have assumed
      without independent investigation that (i) the Loan Documents have been
      duly authorized, executed and delivered by parties thereto other than the
      Illinois Borrowers, and constitute their valid, lawful and binding obligations
      and agreements, and (ii) there is no separate agreement, undertaking, or course
      of dealing modifying, varying or waiving any of the terms of the Loan Documents.
      As to matters of fact not independently established by me relevant to the
      opinions set forth herein, I have relied without independent investigation
      on
      the representations contained in the Loan Documents and in certificates of
      public officials and responsible representatives of each Illinois Borrower
      furnished to me; provided,
      however,
      that I
      advise that in the course of my representation of the Illinois Borrowers, I
      obtained no

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    information
      that leads me to believe that any such representation or certificate is untrue
      or misleading in any material respect.

     

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    
      	1.  	
              Each
                of the Illinois Borrowers and each of their Subsidiaries is a corporation,
                partnership (in the case of Subsidiaries only) or limited liability
                company duly and properly incorporated or organized, as the case
                may be,
                validly existing and (to the extent such concept applies to such
                entity)
                in good standing under the laws of its jurisdiction of incorporation
                or
                organization and has all requisite authority to conduct its business
                as
                presently conducted in each jurisdiction in which its business is
                conducted.

            

    

     

    
      	2.  	
              Each
                Illinois Borrower has the power and authority and legal right to
                execute
                and deliver the Loan Documents to which it is a party and to perform
                its
                obligations thereunder. The execution and delivery by each Illinois
                Borrower of the Loan Documents and the performance by each Illinois
                Borrower of its obligations thereunder have been duly authorized
                by proper
                proceedings, and the Loan Documents to which such Illinois Borrower
                is a
                party constitute legal, valid and binding obligations of such Illinois
                Borrower enforceable against such Illinois Borrower in accordance
                with
                their terms, except as enforceability may be limited by (i) bankruptcy,
                insolvency, fraudulent conveyance, reorganization or similar laws
                relating
                to or affecting the enforcement of creditors’ rights generally; (ii)
                general equitable principles (whether considered in a proceeding
                in equity
                or at law); and (iii) requirements of reasonableness, good faith
                and fair
                dealing.

            

    

     

    
      	3.  	
              Neither
                the execution and delivery by each Illinois Borrower of the Loan
                Documents, nor the consummation of the transactions therein contemplated,
                nor compliance with the provisions thereof will violate (i) any law,
                rule,
                regulation, order, writ, judgment, injunction, decree or award binding
                on
                such Illinois Borrower or any of its Subsidiaries, or (ii) such
                Illinois Borrower’s or any Subsidiary’s articles or certificate of
                incorporation, partnership agreement, certificate of partnership,
                articles
                or certificate of organization, by-laws, or operating agreement or
                other
                management agreement, as the case may be, or (iii) the provisions of
                any indenture, instrument or agreement to which such Illinois Borrower
                or
                any of its Subsidiaries is a party or is subject, or by which it,
                or its
                Property, is bound, or conflict with, or constitute a default under,
                or
                result in, or require, the creation or imposition of any Lien (other
                than
                the Liens contemplated by the Collateral Documents applicable to
                such
                Illinois Borrower) in, of or on the Property of such Illinois Borrower
                or
                a Subsidiary pursuant to the terms of, any such indenture, instrument
                or
                agreement. No order, consent, adjudication, approval, license,
                authorization, or validation of, or filing, recording or registration
                with, or exemption by, or other action in respect of any governmental
                or
                public body or authority, or any subdivision thereof, which has not
                been
                obtained by each Illinois Borrower or any of its Subsidiaries, is
                required
                to be obtained by such Illinois Borrower or any of its Subsidiaries
                in
                connection with the execution and delivery of the Loan Documents,
                the
                borrowings and 

            

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    issuances
      of Letters of Credit under the Credit
      Agreement, the payment and performance by such Illinois Borrower of the
      Obligations or the legality, validity, binding effect or enforceability of
      any
      of the Loan Documents.

     

    
      	4.  	
              The
                CILCORP Pledge Agreement, as supplemented by the CILCORP Pledge Agreement
                Supplement, creates in favor of the Collateral Agent (as defined
                in the
                CILCORP Pledge Agreement) for the benefit of the Secured Parties(as
                defined in the CILCORP Pledge Agreement), as security for the Obligations
                (as defined in the CILCORP Pledge Agreement), a security interest
                in the
                Collateral (as defined in the CILCORP Pledge Agreement) to which
                Article 9
                of the Uniform Commercial Code, as amended and in effect in the State
                of
                New York on the date hereof, is applicable (the “Article
                9 Collateral”).
                The Obligations of CILCORP under the Credit Agreement constitute
                Additional Debt Obligations (as defined in the CILCORP Pledge Agreement)
                entitled to the benefit of the security afforded by the CILCORP Pledge
                Agreement, as supplemented by the CILCORP Pledge Agreement
                Supplement.

            

    

     

    
      	5.  	
              Based
                solely upon my examination of the acknowledgment copy of a financing
                statement bearing file date October 22, 1999 and file number 4112625
                (as
                amended on March 20, 2000 by the amendment bearing file number 4183253
                and
                on April 29, 2004 by the amendment bearing file number 8616426) attached
                hereto as Annex A, identifying “CILCORP Inc.” as debtor and “The Bank of
                New York, as Collateral Agent” as secured party, which was filed in the
                Office of the Secretary of State of the State of Illinois (such filing
                office, the “Filing
                Office”),
                the Collateral Agent has, for the benefit of the Secured Parties,
                a
                perfected security interest in that portion of the Article 9 Collateral,
                in which a security interest may be perfected by filing an initial
                financing statement with the Filing Office under the Uniform Commercial
                Code, as amended and in effect in the State of Illinois on the date
                hereof
                (“IL
                UCC”).

            

    

     

    
      	6.  	
              The
                CILCORP Pledge Agreement, as supplemented by the CILCORP Pledge Agreement
                Supplement, together with physical delivery of the Pledged Shares
                (as
                defined in the Pledge Agreement) to the Collateral Agent, for the
                benefit
                of the Secured Parties, as security for the Obligations, creates
                in favor
                of the Collateral Agent, for the benefit of the Secured Parties,
                a
                perfected security interest under the IL UCC in CILCORP’s rights in the
                Pledged Shares while the Pledged Shares are in the possession of
                the
                Collateral Agent in the State of Illinois. Assuming the Collateral
                Agent
                and each of the Secured Parties has acquired its interest in the
                Pledged
                Shares without “notice of any adverse claims” (all within the meaning of
                the IL UCC) and that each Pledged Share is either in bearer form
                or in
                registered form, registered in the name of, or effectively endorsed
                to,
                the Collateral Agent as such or effectively endorsed in blank, the
                Collateral Agent will have acquired its security interest in the
                Pledged
                Shares free of adverse claims.

            

    

     

    
      	7.  	
              The
                Resources Mortgages were accepted for recording in the Office of
                the
                Recorder of Peoria County and Fulton County, Illinois (the “Recorder’s
                Offices”).
                The Obligations of Resources under the Credit Agreement (including
                the
                Loans 

            

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    under
      which by virtue of the Resources Collateral
      Agency Agreement Supplement are future advances that are a lien from the time
      the Resources Mortgage was recorded pursuant to the provisions of Chapter 735,
      Section 5/15-1302(b)(3) of the Illinois Compiled Statutes) constitute Credit
      Obligations (as defined in the Resources Collateral Agency Agreement, as
      supplemented by the Resources Collateral Agency Agreement Supplement) entitled
      to the benefit of the security afforded by the Resources Mortgages.

     

    
      	8.  	
              The
                Resources Mortgages are each in proper form to create, as security
                for the
                Obligations of Resources, (i) a mortgage lien against Resources’
                interest in the Resources Mortgaged Property constituting real property
                or
                an interest in real property (the “Resources
                Real Property”)
                described in the respective Resources Mortgages in favor of The Bank
                of
                New York Trust Company, N.A., as collateral agent (the “Resources
                Collateral Agent”)
                for the secured parties under the Resources Collateral Agency Agreement,
                and (ii) a security interest in Resources interest in the Resources
                Mortgaged Property constituting personal property or fixtures (the
                “Resources
                UCC Collateral”)
                described in the respective Resources Mortgages in favor of Resources
                Collateral Agent for the secured parties under the Resources Collateral
                Agency Agreement.

            

    

     

    
      	9.  	
              As
                of the recording the Resources Mortgages in the Recorder’s Offices, the
                Resources Collateral Agent had a valid mortgage lien against Resources’
                interest in the Resources Real
                Property.

            

    

     

    
      	10.  	
              The
                Resources Mortgages, as of the recording in the Recorder’s Offices, is
                effective as a financing statement filed as a fixture filing under
                Section 9.502(c) of the IL UCC, and the Resources Collateral Agent
                has, as security for the Obligations of Resources, a perfected security
                interest in the fixtures (as such term is defined in
                Section 9.102(41) of the IL UCC) described in the Resources Mortgages
                as part of the Resources Mortgaged Property. My opinions in this
                paragraph 10 are limited to fixtures located at the Resources Real
                Property, and I express no opinion as to the perfection of any security
                interest in fixtures that are not located at the Resources Real
                Property.

            

    

     

    
      	11.  	
              The
                recordation of the Resources Mortgages in the Recorder’s Offices are the
                only recordings and/or filings necessary to create the lien the Resources
                Mortgages purport to create on the Resources Real Property, perfect
                the
                security interest in the fixtures described in paragraph 8 above, and
                provide notice to third parties of such mortgage lien and security
                interest.

            

    

     

    
      	12.  	
              No
                mortgage tax, documentary stamp tax, or other similar tax must be
                paid in
                connection with the execution, delivery or recordation of the Resources
                Mortgages, or as a condition to the legality or enforceability thereof,
                but nominal recording fees, which were paid, are required to be
                paid.

            

    

     

    
      	13.  	
              Based
                solely upon my examination of the acknowledgment copies of financing
                statements bearing file date July 17, 2006 and file numbers 11153967
                and
                

            

    

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    11153968
      attached hereto as Annex B, identifying
“AmerenEnergy Resources Generating Company” as debtor and “The Bank of New York
      Trust Company, N.A., as collateral agent”, as secured party, which I understand
      was filed in the Filing Office, the Resources Collateral Agent, for benefit
      of
      secured parties under the Resources Collateral Agency Agreement, has a perfected
      security interest in that portion of the Resources UCC Collateral described
      in
      such financing statement, in which a security interest may be perfected by
      filing an initial financing statement with the Filing Office under IL
      UCC.

     

    
      	14.  	
              In
                a properly presented case, an Illinois court or a federal court applying
                Illinois choice of law rules should give effect to the choice of
                law
                provisions of the Credit Agreement and should hold that the Credit
                Agreement is to be governed by the laws of the State of New York
                rather
                than the laws of the State of Illinois. In rendering the foregoing
                opinion, I note that by its terms the Credit Agreement expressly
                selects
                New York law as the law governing its interpretation and that the
                Credit Agreement was delivered to the Agent in New York. The choice
                of law
                provisions of the Credit Agreement are not voidable under the laws
                of the
                State of Illinois. Notwithstanding the foregoing, even if an Illinois
                court or a federal court holds that the Credit Agreement is to be
                governed
                by the laws of the State of Illinois, the Credit Agreement constitutes
                a
                legal, valid and binding obligation of each Borrower thereto, enforceable
                under Illinois law (including usury provisions) against such Borrower
                in
                accordance with its terms.

            

    

     

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

    My
      opinions in paragraphs 4, 5 and 6 are subject to the following assumptions,
      qualifications and limitations:

     

    (i) Any
      security interest in the proceeds of collateral is subject in all respects
      to
      the limitations set forth in Section 9-315 of the IL UCC.

     

    (ii) Other
      than as expressly noted in paragraph 6 above, I express no opinion as to the
      priority of any pledge, security interest, assignment for security, lien or
      other encumbrance, as the case may be, that may be created or purported to
      be
      created under the Loan Documents applicable to CILCORP. Other than as expressly
      noted in paragraphs 5 and 6 above, I express no opinion as to the perfection
      of,
      and other than as expressly noted in paragraph 4 above, I express no opinion
      as
      to the creation, validity or enforceability of, any pledge, security interest,
      assignment for security, lien or other encumbrance, as the case may be, that
      may
      be created or purported to be created under the Loan Documents applicable to
      CILCORP. 

     

    (iii) In
      the
      case of property that becomes collateral under the Loan Documents applicable
      to
      CILCORP after the date hereof, Section 552 of the United States Bankruptcy
      Code
      limits the extent to which property acquired by a debtor after the commencement
      of a case under the United States Bankruptcy Code may be subject to a lien
      arising from a security agreement entered into by the debtor before the
      commencement of such case.

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

    My
      opinions are subject to the following further assumptions, qualifications and
      limitations:

     

    I
      express
      no opinion as to the enforceability of any provision in the Loan
      Documents:

     

    (i)
      relating to the enforcement of the right to receive rents or profits of the
      Resources Mortgaged Property or exercise any right or remedy with regard to
      any
      lease or sublease affecting the Resources Mortgaged Property without the
      appointment of a receiver pursuant to the Illinois Mortgage Foreclosure Law
      or
      first securing legal title to such property.

     

    (ii)
      providing that Lenders or the Resources Collateral Agent will not become a
      mortgagee in possession notwithstanding any exercise of remedies under, or
      enforcement actions pursuant to, the Resources Mortgages.

     

    My
      opinions in paragraphs 8, 9, 10 and 11 above are subject to the following
      qualifications:

     

    (i)
      Any
      security interest in the proceeds of collateral is subject in all respects
      to
      the limitations set forth in Section 810 ILCS 5/9-315 of the IL
      UCC.

     

    (ii)
      I
      express no opinion as to the nature or extent of the rights, or the power to
      transfer rights, of Resources in, or title of Resources to, any collateral
      under
      any of the Loan Documents, or property purporting to constitute such collateral,
      or the value, validity or effectiveness for any purpose of any such collateral
      or purported collateral, and I have assumed that Resources has sufficient rights
      in, or power to transfer rights in, all such collateral or purported collateral
      for the liens and security interests provided for under the Loan Documents
      to
      attach.

     

    (iii)
      I
      express no opinion as to the priority of any pledge, security interest,
      assignment for security, lien or other encumbrance, as the case may be, that
      may
      be created or purported to be created under the Loan Documents with respect
      to
      Resources. Other than as expressly noted in paragraphs 10 and 11 above, I
      express no opinion as to the perfection of, and other than as expressly noted
      in
      paragraphs 7, 8, 9, 10 and 11 above, I express no opinion as to the
      creation, validity or enforceability of, any pledge, security interest,
      assignment for security, lien or other encumbrance, as the case may be, that
      may
      be created or purported to be created under the Loan Documents with respect
      to
      Resources. I express no opinion as to the creation, validity or enforceability
      of any pledge, security interest, assignment for security, lien or other
      encumbrance, as the case may be, that may be created or purported to be created
      under the Loan Documents in any commercial tort claims.

     

    (iv)
      In
      the case of property that becomes collateral under the Loan Documents applicable
      to Resources after the date hereof, Section 552 of the United States Bankruptcy
      Code limits the extent to which property acquired by a debtor after the
      commencement of a case under the United States Bankruptcy Code may be subject
      to
      a lien arising from a security agreement entered into by the debtor before
      the
      commencement of such case.

     

    (v)
      I
      express no opinion as to the enforceability of the liens and security interests
      under the Loan Documents applicable to Resources in any item of collateral
      subject to any restriction on or prohibition against transfer contained in
      or
      otherwise applicable to such item of collateral or any contract, agreement,
      license, permit, security, instrument or document constituting, evidencing
      or

     

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    relating
      to such item, except to the extent that any such restriction is rendered
      ineffective pursuant to any of Sections 810 ILCS 5/9-406 through 9-409,
      inclusive, of the IL UCC.

     

    (vi)
      I
      express no opinion as to the validity or creation of any lien or security
      interest by or pursuant to the Resources Mortgages with respect to any property
      acquired by Resources after the date and time of the filing of the Resources
      Mortgages of record. I call to your attention my belief that the Resources
      Mortgages are not effective to create a lien or security interest with respect
      to any after-acquired property and that, after Resources acquires any such
      property, an appropriate supplement to the Resources Mortgages or an independent
      mortgage instrument in recordable form adequately describing such after-acquired
      property should be duly authorized, executed and acknowledged by Resources
      and
      delivered by Resources to the Resources Collateral Agent and filed for record
      with the county recorder of the Illinois county in which such after-acquired
      property is located in order to create and perfect a valid lien thereon.

     

    (vii)
      Except for the opinion set forth in paragraph 7 that the Obligations of
      Resources under the Credit Agreement (including Loans under which by virtue
      of
      the Resources Collateral Agency Agreement Supplement are future advances that
      are a lien from the time the Resources Mortgage was recorded pursuant to the
      provisions of Chapter 735, Section 5/15-1302(b)(3) of the Illinois Compiled
      Statutes) constitute Credit Obligations (as defined in the Resources Collateral
      Agency Agreement, as supplemented by the Resources Collateral Agency Agreement
      Supplement) entitled to the benefit of the security afforded by the Resources
      Mortgages, I express no opinion as to the provisions in the Resources Mortgages
      which purport to secure future advances (other than future advances which are
      made pursuant to a commitment to fund under the Credit Agreement in accordance
      with the provisions of Chapter 735, Section 5/15-1302(b)(3) of the Illinois
      Compiled Statutes). Chapter 735, Section 5/15-1302 of the Illinois Compiled
      Statutes provides in pertinent part that:

     

    “(a) Advances
      Made After Eighteen Months. 

    

    Except
      as
      provided in subsection (b) of Section 15-1302, as to any monies advanced or
      applied more than 18 months after a mortgage is recorded, the mortgage shall
      be
      a lien as to subsequent purchasers and judgment creditors only from the time
      such monies are advanced or applied. However, nothing in this Section shall
      affect any lien arising or existing by virtue of the Mechanics’ Lien
      Act.

    

    (b) Exceptions.

    

    (1)
      All
      monies advanced or applied pursuant to commitment, whenever advanced or applied,
      shall be a lien from the time the mortgage is recorded. An advance shall be
      deemed made pursuant to commitment only if the mortgagee has bound itself to
      make such advance in the mortgage or in an instrument executed contemporaneously
      with, and referred to in, the mortgage, whether or not a subsequent event of
      default or other event not within the mortgagee’s control has relieved or may
      relieve the mortgagee from its obligation.

    

    
      
        7

      

      
        
        

        
          

        

      

      
        
        

      

    

    (2)
      All
      monies advanced or applied, whenever advanced or applied, in accordance with
      the
      terms of a reverse mortgage shall be a lien from the time the mortgage is
      recorded.

    

    (3)
      All
      monies advanced or applied in accordance with the terms of a revolving credit
      arrangement secured by a mortgage as authorized by law shall be a lien from
      the
      time the mortgage is recorded.

    

    (4)
      All
      interest which in accordance with the terms of a mortgage is accrued or added
      to
      the principal amount secured by the mortgage, whenever added, shall be a lien
      from the time the mortgage is recorded.

    

    (5)
      All
      monies advanced by the mortgagee in accordance with the terms of a mortgage
      to
      (i) preserve or restore the mortgaged real estate, (ii) preserve the lien of
      the
      mortgage or the priority thereof or (iii) enforce the mortgage, shall be a
      lien
      from the time the mortgage is recorded.”

    

    I
      call
      your attention to Chapter 735, Section 5/13-116 of the Illinois Compiled
      Statutes which provides for the expiration of a mortgage: (A) the due date
      of
      which is stated upon such mortgage’s face, or is ascertainable from the written
      terms of such mortgage within 20 years after the time the last payment on such
      mortgage, became or becomes due upon its face and according to its written
      terms, unless the owner of such mortgage within such 20 year period, has filed
      or caused to be filed for record either (i) an affidavit executed by himself
      or
      herself or by some person on his or her behalf, stating the amount or amounts
      claimed to be unpaid on the indebtedness secured by such mortgage or (ii) an
      extension agreement executed as provided in such Section 5/13-116, and (B)
      in which no due date is stated upon such mortgage’s face, or is not
      ascertainable from the written terms of such mortgage within 30 years after
      the
      time the last payment on such mortgage became or becomes due upon its face
      and
      according to its written terms, unless the owner of such mortgage within such
      30
      year period, has filed or caused to be filed for record either (i) an affidavit
      executed by himself or herself or by some person on his or her behalf, stating
      the amount or amounts claimed to be unpaid on the indebtedness secured by such
      mortgage or (ii) an extension agreement executed as provided in such Section
      5/13-116.

     

    I
      have
      assumed that the information pertaining to Resources Collateral Agent in the
      Resources Mortgages is correct in all respects.

     

    I
      express
      no opinion as to (i) the accuracy or adequacy of any descriptions of real or
      personal property constituting collateral; (ii) the existence of any liens,
      restrictions, easements or encumbrances on any of the real property, personal
      property, improvements or other collateral purported to be covered by the Loan
      Documents; (iii) the status of title to the Resources Real Property or the
      relative priority of liens or security interests intended to be created or
      perfected pursuant to the Resources Mortgages; or (iv) the effect of the
      failure of the Resources Mortgages or Assignments of Rents to be properly filed
      or recorded in the Recorder’s Offices.

     

    I
      have
      assumed that Resources is the owner of the Resources UCC Collateral and is
      the
      owner of record fee simple title to the Resources Real Property, the
      descriptions of the Resources 

     

     

    
      
        8

      

      
        
        

        
          

        

      

      
        
        

      

    

    UCC
      Collateral and the Resources Real Property are adequate, and that such property
      actually exists.

     

    I
      note
      specifically that Illinois Compiled Statutes, Chapter 205, Section 5/5d
      provides, in part, that future advances made under a “revolving credit” loan (as
      defined in said section) shall be secured by a mortgage or deed of trust given
      to secure said loan only to the extent that such future advances are made within
      twenty years from the date of such mortgage or deed of trust.

     

    I
      call to
      your attention that Illinois Compiled Statutes, Chapter 735,
      Section 5/15-1602, grants a mortgagor the right, which in certain
      circumstances is exercisable not more than once in any five-year period, to
      cure
      the default of a loan secured by real estate within certain time periods
      specified in such statute.

     

    I
      am a
      member of the Bar of the State of Illinois and the foregoing opinion is limited
      to the laws of the State of Illinois. I note that the Credit Agreement and
      the
      CILCORP Collateral Documents are governed by the laws of the State of New York
      and, for purposes of the opinion expressed in opinion paragraphs 2 and 4 above,
      I have assumed that the laws of the State of New York do not differ from the
      laws of the State of Illinois in any manner that would render such opinion
      incorrect. This opinion is rendered solely to you in connection with the above
      matter. This opinion may not be relied upon by you for any other purpose or
      relied upon by any other Person (other than your successors and assigns as
      Lenders and, as to certain matters involving the application of the laws of
      the
      State of Illinois in his opinion addressed to you and dated the date hereof,
      Steven R. Sullivan) without my prior written consent. Notwithstanding anything
      in this opinion letter to the contrary, you may disclose this opinion (i) to
      prospective successors and assigns of the addressees hereof, (ii) to regulatory
      authorities having jurisdiction over any of the addressees hereof or their
      successors and assigns, and (iii) pursuant to valid legal process, in each
      case
      without my prior consent. This opinion is delivered as of the date hereof and
      I
      undertake no, and disclaim any, obligation to advise you of any change in
      matters of law or fact set forth herein or upon which this opinion is
      based.

     

    Very
      truly yours,

    

    

    

    Craig
      W.
      Stensland

    Associate
      General Counsel

    Ameren
      Services Company

    
 

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      EXHIBIT
        A-3

      FORM
        OF
        OPINION OF ILLINOIS COUNSEL 

      FOR
        ILLINOIS UTILITIES---CLOSING DATE

    February
      9, 2007

    To
      the
      Lenders and

    JPMorgan
      Chase Bank, N.A.,

    as
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am an
      Associate General Counsel of Ameren Services Company, an affiliate that provides
      legal and other professional services to Central Illinois Public Service
      Company, an Illinois corporation, Central Illinois Light Company, an Illinois
      corporation and Illinois Power Company, an Illinois corporation (collectively,
      the “Illinois
      Utility Borrowers”).
      I, or
      lawyers under my direction, have acted as counsel for the Illinois Utility
      Borrowers in connection with the Credit Agreement dated as of February 9, 2007
      (the “Credit
      Agreement”),
      among
      the Illinois Utility Borrowers, AmerenEnergy Resources Generating Company,
      an
      Illinois corporation and CILCORP Inc., an Illinois corporation, the lending
      institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as
      Agent. Terms defined in the Credit Agreement are used herein with the same
      meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion. 

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Illinois Utility Borrowers) as reflected adjacent
      to
      such individual’s signature on the Loan Documents executed by such Illinois
      Utility Borrower, the genuineness of all signatures (other than those of
      representatives of the Illinois Utility Borrowers appearing on the Loan
      Documents), the authenticity of all documents furnished to me as originals,
      the
      conformity to originals of all documents furnished to me as certified or
      photostatic copies and the authenticity of the originals of such documents.
      In
      addition, I have assumed without independent investigation that (i) the
      Loan Documents have been duly authorized, executed and delivered by the parties
      thereto other than the Illinois Utility Borrowers, and constitute their valid,
      lawful and binding obligations and agreements, and (ii) there is no separate
      agreement, undertaking, or course of dealing modifying, varying or waiving
      any
      of the terms of the Loan Documents. As to matters of fact not independently
      established by me relevant to the opinions set forth herein, I have relied
      without independent investigation on the representations contained in the Loan
      Documents and in certificates of public officials and responsible
      representatives of each Illinois Utility Borrower furnished to me; provided,
      however,
      that I
      advise that in the course of my representation of the Illinois Utility
      Borrowers, I obtained no information that leads me to believe that any such
      representation or certificate is untrue or misleading in any material
      respect.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    
      	1.  	
              Each
                of the Illinois Utility Borrowers and each of their Subsidiaries
                is a
                corporation, partnership (in the case of Subsidiaries only) or limited
                liability company duly and properly incorporated or organized, as
                the case
                may be, validly existing and (to the extent such concept applies
                to such
                entity) in good standing under the laws of its jurisdiction of
                incorporation or organization and has all requisite authority to
                conduct
                its business as presently conducted in each jurisdiction in which
                its
                business is conducted.

            

    

     

    
      	2.  	
              Each
                Illinois Utility Borrower has the power and authority and legal right
                to
                execute and deliver the Credit Agreement and to perform its obligations
                thereunder prior to the Accession Date for such Illinois Utility
                Borrower.
                The execution and delivery by each Illinois Utility Borrower of the
                Credit
                Agreement and the performance by each Illinois Utility Borrower of
                its
                obligations thereunder prior to the Accession Date for such Illinois
                Utility Borrower have been duly authorized by proper proceedings,
                and the
                Credit Agreement constitutes a legal, valid and binding obligation
                of such
                Illinois Utility Borrower enforceable against such Illinois Utility
                Borrower in accordance with its terms, except as enforceability may
                be
                limited by (i) bankruptcy, insolvency, fraudulent conveyance,
                reorganization, or similar laws relating to or affecting the enforcement
                of creditors’ rights generally; (ii) general equitable principles (whether
                considered in a proceeding in equity or at law); and (iii) requirements
                of
                reasonableness, good faith and fair
                dealing.

            

    

     

    
      	3.  	
              Neither
                the execution and delivery by each Illinois Utility Borrower of the
                Credit
                Agreement, nor the consummation of the transactions therein contemplated,
                nor compliance with the provisions thereof, in each case prior to
                the
                Accession Date, will violate (i) any law, rule, regulation, order,
                writ,
                judgment, injunction, decree or award binding on such Illinois Utility
                Borrower or any of its Subsidiaries, or (ii) such Illinois Utility
                Borrower’s or any Subsidiary’s articles or certificate of incorporation,
                partnership agreement, certificate of partnership, articles or certificate
                of organization, by-laws, or operating agreement or other management
                agreement, as the case may be, or (iii) the provisions of any
                indenture, instrument or agreement to which such Illinois Utility
                Borrower
                or any of its Subsidiaries is a party or is subject, or by which
                it, or
                its Property, is bound, or conflict with, or constitute a default
                under,
                or result in, or require, the creation or imposition of any Lien
                (other
                than the Liens contemplated by the Collateral Documents applicable
                to such
                Illinois Utility Borrower when the same are executed and delivered)
                in, of
                or on the Property of such Illinois Utility Borrower or a Subsidiary
                pursuant to the terms of, any such indenture, instrument or agreement.
                No
                order, consent, adjudication, approval, license, authorization, or
                validation of, or filing, recording or registration with, or exemption
                by,
                or other action in respect of any governmental or public body or
                authority, or any subdivision thereof, which has not been obtained
                by each
                Illinois Utility Borrower or any of its Subsidiaries, is required
                to be
                obtained by such Illinois Utility Borrower or any of its Subsidiaries
                in
                connection with the execution and delivery of the Credit Agreement,
                the
                

            

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    performance
      by such Illinois Utility Borrower of the
      Obligations under the Credit Agreement prior to the Accession Date or the
      legality, validity, binding effect or enforceability of the Credit Agreement
      prior to the Accession Date.

     

    
      	4.  	
              In
                a properly presented case, an Illinois court or a federal court applying
                Illinois choice of law rules should give effect to the choice of
                law
                provisions of the Credit Agreement and should hold that the Credit
                Agreement is to be governed by the laws of the State of New York
                rather
                than the laws of the State of Illinois. In rendering the foregoing
                opinion, I note that by its terms the Credit Agreement expressly
                selects
                New York law as the law governing its interpretation and that the
                Credit Agreement was delivered to the Agent in New York. The choice
                of law
                provisions of the Credit Agreement are not voidable under the laws
                of the
                State of Illinois. Notwithstanding the foregoing, even if an Illinois
                court or a federal court holds that the Credit Agreement is to be
                governed
                by the laws of the State of Illinois, the Credit Agreement constitutes
                a
                legal, valid and binding obligation of each Borrower thereto, enforceable
                under Illinois law (including usury provisions) against such Borrower
                in
                accordance with its terms.

            

    

     

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

    All
      the
      forgoing opinions are subject to the qualification that no Illinois Utility
      is
      entitled to any Loan under the Credit Agreement or required to enter into any
      of
      the Collateral Documents applicable to such Illinois Utility until the Accession
      Date for such Illinois Utility has occurred. As of the date hereof, no Accession
      Date has occurred. 

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    I
      am a
      member of the Bar of the State of Illinois and the foregoing opinion is limited
      to the laws of the State of Illinois. I note that the Credit Agreement is
      governed by the laws of the State of New York and, for purposes of the opinion
      expressed in opinion paragraph 2 above, I have assumed that the laws of the
      State of New York do not differ from the laws of the State of Illinois in any
      manner that would render such opinion incorrect. This opinion is rendered solely
      to you in connection with the above matter. This opinion may not be relied
      upon
      by you for any other purpose or relied upon by any other Person (other than
      your
      successors and assigns as Lenders) without my prior written consent.
      Notwithstanding anything in this opinion letter to the contrary, you may
      disclose this opinion (i) to prospective successors and assigns of the
      addressees hereof, (ii) to regulatory authorities having jurisdiction over
      any
      of the addressees hereof or their successors and assigns, and (iii) pursuant
      to
      valid legal process, in each case without my prior consent. This opinion is
      delivered as of the date hereof and I undertake no, and disclaim any, obligation
      to advise you of any change in matters of law or fact set forth herein or upon
      which this opinion is based.

     

    Very
      truly yours,

    

    

    

    Craig
      W.
      Stensland

    Associate
      General Counsel

    Ameren
      Services Company

     

    
 

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

      EXHIBIT
        A-4

      FORM
        OF
        OPINION OF ILLINOIS COUNSEL

      FOR
        ILLINOIS UTILITIES---ACCESSION DATE

    ________________,
      2007

    

    To
      the
      Lenders and

    JPMorgan
      Chase Bank, N.A.,

    as
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am the
      Senior Vice President, General Counsel and Secretary of Ameren Corporation
      and
      its subsidiaries, Central Illinois Public Service Company, an Illinois
      corporation, Central Illinois Light Company, an Illinois corporation and
      Illinois Power Company, an Illinois corporation (collectively, the “Illinois
      Utility Borrowers”).
      I, or
      lawyers under my direction, have acted as counsel for the Illinois Utility
      Borrowers in connection with the Credit Agreement dated as of February 9, 2007
      (the “Credit
      Agreement”),
      among
      the Illinois Utility Borrowers, AmerenEnergy Resources Generating Company,
      an
      Illinois corporation and CILCORP Inc., an Illinois corporation, the lending
      institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as
      Administrative Agent. Terms defined in the Credit Agreement are used herein
      with
      the same meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion. In rendering the opinion expressed below with respect to matters of
      Illinois law as it applies to the Illinois Utility Borrowers, I, or lawyers
      under my direction, have relied on the opinion, of even date herewith and
      addressed to you, of Craig W. Stensland, Esq., Associate General Counsel of
      Ameren Services Company, an affiliate of the Illinois Utility
      Borrowers.

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Illinois Utility Borrowers) as reflected adjacent
      to
      such individual’s signature on the Loan Documents, the genuineness of all
      signatures (other than those of representatives of the Illinois Utility
      Borrowers appearing on Loan Documents), the authenticity of all documents
      furnished to me as originals, the conformity to originals of all documents
      furnished to me as certified or photostatic copies and the authenticity of
      the
      originals of such documents. In addition, I have assumed without independent
      investigation that (i) the Loan Documents have been duly authorized,
      executed and delivered by the parties thereto other than the Illinois Utility
      Borrowers, and constitute their valid, lawful and binding obligations and
      agreements, and (ii) there is no separate agreement, undertaking, or course
      of
      dealing modifying, varying or waiving any of the terms of the Loan Documents.
      As
      to matters of fact not independently established by me relevant to the opinions
      set forth herein, I have relied without independent investigation on the
      representations contained in the Loan Documents and in certificates of public
      officials and responsible representatives of each Illinois Utility Borrower
      furnished to me; provided,
      however,
      that I

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    advise
      that in the course of my representation of the Illinois Utility Borrowers,
      I
      obtained no information that leads me to believe that any such representation
      or
      certificate is untrue or misleading in any material respect.

     

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    Except
      for the Disclosed Matters, there is no litigation, arbitration, governmental
      investigation, proceeding or inquiry currently existing, or, to the best of
      my
      knowledge after due inquiry, pending or threatened against or affecting any
      Illinois Utility Borrower or any of its Subsidiaries, which, if determined
      adversely to such Illinois Utility Borrower or to its Subsidiaries, could
      reasonably be expected to have a Material Adverse Effect with respect to such
      Illinois Utility Borrower or which seeks to prevent, enjoin or delay the making
      of any Loans or would adversely effect the legality, validity or enforceability
      of the Loan Documents or the ability of such Illinois Utility Borrower to
      perform the transactions contemplated therein.

     

    Neither
      any Illinois Utility Borrower nor any Subsidiary of any Illinois Utility
      Borrower is an “investment company” or a company “controlled” by an “investment
      company,” within the meaning of the Investment Company Act of 1940, as
      amended.

     

    No
      federal governmental consents, approvals, authorizations, registrations,
      declarations or filings are required in connection with the extensions of credit
      under the Credit Agreement or the performance by each Illinois Utility Borrower
      of its obligations under the Loan Documents.

    

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    I
      am a
      member of the Bar of the State of Missouri and the foregoing opinion is limited
      to the federal laws of the United States of America. This opinion is rendered
      solely to you in connection with the above matter. This opinion may not be
      relied upon by you for any other purpose or relied upon by any other Person
      (other than your successors and assigns as Lenders and, as to certain matters
      involving the application of the federal laws of the United States of America
      contained in his opinion addressed to you and dated the date hereof, Craig
      W.
      Stensland, Esq.) without my prior written consent. Notwithstanding anything
      in
      this opinion letter to the contrary, you may disclose this opinion (i) to
      prospective successors and assigns of the addressees hereof, (ii) to regulatory
      authorities having jurisdiction over any of the addressees hereof or their
      successors and assigns, and (iii) pursuant to valid legal process, in each
      case
      without my prior consent. This opinion is delivered as of the date hereof and
      I
      undertake no, and disclaim any, obligation to advise you of any change in
      matters of law or fact set forth herein or upon which this opinion is
      based.

     

    Very
      truly yours,

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      A-5

    FORM
      OF
      OPINION OF ILLINOIS COUNSEL 

    FOR
      ILLINOIS UTILITIES----ACCESSION DATE

    

    

    

    ______________,
      2007

    

    To
      the
      Lenders and

    JPMorgan
      Chase Bank, N.A., 

    as
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am an
      Associate General Counsel of Ameren Services Company, an affiliate that provides
      legal and other professional services to Central Illinois Public Service
      Company, an Illinois corporation, Central Illinois Light Company, an Illinois
      corporation and Illinois Power Company, an Illinois corporation (collectively,
      the “Illinois
      Utility Borrowers”).
      I, or
      lawyers under my direction, have acted as counsel for the Illinois Utility
      Borrowers in connection with the Credit Agreement dated as of February 9, 2007
      (the “Credit
      Agreement”),
      among
      the Illinois Utility Borrowers, AmerenEnergy Resources Generating Company,
      an
      Illinois corporation and CILCORP Inc., an Illinois corporation, the lending
      institutions identified therein as Lenders and JPMorgan Chase Bank, N.A., as
      Agent. Terms defined in the Credit Agreement are used herein with the same
      meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion. In rendering the opinion expressed below with respect to matters
      relating to the application of the federal laws of the United States of America,
      I have relied on the opinion, of even date herewith and addressed to you, of
      Steven R. Sullivan, Senior Vice President, General Counsel and Secretary of
      Ameren Corporation and its subsidiaries, including the Illinois Utility
      Borrowers.

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Illinois Utility Borrowers) as reflected adjacent
      to
      such individual’s signature on the Loan Documents executed by such Illinois
      Utility Borrower, the genuineness of all signatures (other than those of
      representatives of the Illinois Utility Borrowers appearing on the Loan
      Documents), the authenticity of all documents furnished to me as originals,
      the
      conformity to originals of all documents furnished to me as certified or
      photostatic copies and the authenticity of the originals of such documents.
      In
      addition, I have assumed without independent investigation that (i) the
      Loan Documents have been duly authorized, executed and delivered by the parties
      thereto other than the Illinois Utility Borrowers, and constitute their valid,
      lawful and binding obligations and agreements, and (ii) there is no separate
      agreement, undertaking, or course of dealing modifying, varying or waiving
      any
      of the terms of the Loan 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Documents.
      As to matters of fact not independently established by me relevant to the
      opinions set forth herein, I have relied without independent investigation
      on
      the representations contained in the Loan Documents and in certificates of
      public officials and responsible representatives of each Illinois Utility
      Borrower furnished to me; provided,
      however,
      that I
      advise that in the course of my representation of the Illinois Utility
      Borrowers, I obtained no information that leads me to believe that any such
      representation or certificate is untrue or misleading in any material
      respect.

     

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    
      	5.  	
              Each
                of the Illinois Utility Borrowers and each of their Subsidiaries
                is a
                corporation, partnership (in the case of Subsidiaries only) or limited
                liability company duly and properly incorporated or organized, as
                the case
                may be, validly existing and (to the extent such concept applies
                to such
                entity) in good standing under the laws of its jurisdiction of
                incorporation or organization and has all requisite authority to
                conduct
                its business as presently conducted in each jurisdiction in which
                its
                business is conducted.

            

    

      

    
      	6.  	
              Each
                Illinois Utility Borrower has the power and authority and legal right
                to
                execute and deliver the Loan Documents and to perform its obligations
                thereunder. The execution and delivery by each Illinois Utility Borrower
                of the Loan Documents and the performance by each Illinois Utility
                Borrower of its obligations thereunder have been duly authorized
                by proper
                proceedings, and the Loan Documents to which such Illinois Utility
                Borrower is a party constitute legal, valid and binding obligations
                of
                such Illinois Utility Borrower enforceable against such Illinois
                Utility
                Borrower in accordance with their terms, except (a) as enforceability
                may
                be limited by (i) bankruptcy, insolvency, fraudulent conveyance,
                reorganization, or similar laws relating to or affecting the enforcement
                of creditors’ rights generally; (ii) general equitable principles (whether
                considered in a proceeding in equity or at law); and (iii) requirements
                of
                reasonableness, good faith and fair dealing, and (b) except that
                enforceability of the CIPS Indenture, the CILCO Indenture and the
                IP
                Indenture may be limited by the laws of the State of Illinois affecting
                the remedies for the enforcement of the security provided for therein,
                which laws do not, in my opinion, make inadequate remedies necessary
                for
                the realization of the benefits of such
                security.

            

    

     

    
      	7.  	
              Neither
                the execution and delivery by each Illinois Utility Borrower of the
                Loan
                Documents, nor the consummation of the transactions therein contemplated,
                nor compliance with the provisions thereof will violate (i) any law,
                rule,
                regulation, order, writ, judgment, injunction, decree or award binding
                on
                such Illinois Utility Borrower or any of its Subsidiaries, or
                (ii) such Illinois Utility Borrower’s or any Subsidiary’s articles or
                certificate of incorporation, partnership agreement, certificate
                of
                partnership, articles or certificate of organization, by-laws, or
                operating  

            

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    agreement
      or other management agreement, as the case
      may be, or (iii) the provisions of any indenture, instrument or agreement
      to which such Illinois Utility Borrower or any of its Subsidiaries is a party
      or
      is subject, or by which it, or its Property, is bound, or conflict with, or
      constitute a default under, or result in, or require, the creation or imposition
      of any Lien (other than the Liens contemplated by the Collateral Documents
      applicable to such Illinois Utility Borrower) in, of or on the Property of
      such
      Illinois Utility Borrower or a Subsidiary pursuant to the terms of, any such
      indenture, instrument or agreement. No order, consent, adjudication, approval,
      license, authorization, or validation of, or filing, recording or registration
      with, or exemption by, or other action in respect of any governmental or public
      body or authority, or any subdivision thereof, which has not been obtained
      by
      each Illinois Utility Borrower or any of its Subsidiaries, is required to be
      obtained by such Illinois Utility Borrower or any of its Subsidiaries in
      connection with the execution and delivery of the Loan Documents, the borrowings
      and issuances of Letters of Credit under the Credit Agreement, the payment
      and
      performance by such Illinois Utility Borrower of the Obligations or the
      legality, validity, binding effect or enforceability of any of the Loan
      Documents.

     

    
      	8.  	
              Each
                Illinois Utility Borrower is a “public utility” as defined in the Illinois
                Public Utilities Act. The Illinois Commerce Commission (“ICC”)
                has issued an order with respect to each Illinois Utility Borrower
                authorizing such Illinois Utility Borrower to enter into the Credit
                Agreement, incur its Obligations thereunder and issue and deliver
                the CIPS
                Credit Agreement Bond, the CILCO Credit Agreement Bond and the IP
                Credit
                Agreement Bond, respectively, as collateral for such Illinois Utility
                Borrower’s Obligations under the Credit Agreement. Such order of the ICC
                is in full force and effect. 

            

    

     

    
      	9.  	
              Each
                of the CIPS Credit Agreement Bond, the CILCO Credit Agreement Bond
                and the
                IP Credit Agreement Bond (collectively, the “Utility Bonds”) have been
                duly authorized, executed and issued by the respective issuer and,
                assuming due authentication thereof by the respective trustees under
                the
                CIPS Indenture, the CILCO Indenture and the IP Indenture (collectively,
                the “Utility Indentures”), respectively, constitute valid and legally
                binding obligations of the respective issuer, except as may be limited
                by
                (i) bankruptcy, insolvency, fraudulent conveyance, reorganization
                and
                other similar laws relating to or affecting creditors’ rights generally,
                (ii) general equitable principles (whether considered in a proceeding
                in
                equity or at law) and (iii) requirements of reasonableness, good
                faith and
                fair dealing, and will be entitled to the benefit of the
                

            

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    security
      afforded by the respective Utility Indenture
      equally and ratably with all other mortgage bonds issued under such Utility
      Indenture.1

     

    
      	10.  	
              The
                delivery to the Agent in the State of New York of the Utility Bonds
                in
                accordance with the CIPS Bond Delivery Agreement, the CILCO Bond
                Delivery
                Agreement and the IP Bond Delivery Agreement, respectively, is effective
                to perfect the security interest in the Utility Bonds on the date
                of such
                delivery and, such security interest is not subject to any prior
                liens.

            

    

     

    
      	11.  	
              Each
                of the Illinois Utility Borrowers has good and sufficient title to
                all or
                substantially all its permanent fixed properties and the material
                franchises, permits and licenses now owned by it, except as may be
                set out
                in the Disclosed Matters, and no notice has been given to any Illinois
                Utility Borrower by any governmental authority of any proceeding
                to
                condemn, purchase or otherwise acquire any material properties of
                such
                Illinois Utility Borrower and, so far as I know, no such proceeding
                is
                contemplated.

            

    

     

    
      	12.  	
              The
                Utility Indentures (including the CIPS Supplemental Indenture, the
                CILCO
                Supplemental Indenture and the IP Supplemental Indenture) have each
                been
                duly filed for recording and recorded in each county in the State
                of
                Illinois in which any permanent fixed property described in and conveyed
                by the respective Utility Indenture and now owned by the Illinois
                Utility
                Borrower party to such Utility Indenture is located, and constitutes
                a
                legally valid and direct enforceable first mortgage lien (except
                as
                federal bankruptcy laws may affect the validity of the lien of such
                Utility Indenture with respect to proceeds, products, rents, issues
                or
                profits of the property subject to such lien realized and additional
                property acquired within 90 days prior to and after the commencement
                of a
                case under such laws and except as enforcement of provisions thereof
                may
                be limited by the laws of the State of Illinois affecting the remedies
                for
                the enforcement of the security provided for in such Utility Indenture,
                which laws do not, in my opinion, make such remedies inadequate for
                realization of the benefits of such security, or limited by bankruptcy
                or
                insolvency laws of or other applicable laws affecting the enforcement
                of
                creditors’ rights generally or by general principles of equity) upon
                substantially all of such Illinois Utility Borrower’s fixed properties and
                franchises used or useful in its public utility businesses free from
                all
                prior or equal ranking liens, charges or encumbrances, subject only
                to
                permitted encumbrances and liens, as defined in the respective Utility
                Indenture, and to the provisions contained in such Utility Indenture
                for
                the release, or substitution and release, of property from the lien
                thereof. In connection .

            

    

     

    
      _______________

        
          1
            If CIPS
            or CILCO do not deliver Utility Bonds on the Accession Date, this paragraph
            5
            and paragraph 6 will be modified accordingly.

           

        

      

    

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    with
      the Utility Bonds, the “date of the mortgage”
for purposes of Illinois Compiled Statutes, Chapter 205, Section 5/5d is the
      date of the applicable Supplemental Indenture

     

    
      	13.  	
              No
                recordation, registration or filing of any Utility Indenture or any
                supplemental indenture or instrument of further assurance, other
                than such
                recordation referred to in opinion paragraph 8, is necessary in the
                State
                of Illinois to make effective the security interest intended to be
                created
                by the Utility Indentures with respect to the Utility Bond issued
                thereunder.

            

    

     

    
      	14.  	
              Substantially
                all physical properties and franchises used or useful in the Illinois
                Utility Borrowers’ respective public utility businesses (other than those
                of the character not subject to the lien of the applicable Utility
                Indenture) now owned by each such Illinois Utility Borrower are subject
                to
                the lien of the applicable Utility Indenture, subject only to permitted
                encumbrances and liens, as defined in the applicable Utility Indenture,
                and to the provisions contained in the applicable Utility Indenture
                for
                the release, or substitution and release, of property from the lien
                thereof. All physical properties and franchises used or useful in
                the
                Illinois Utility Borrowers’ respective public utility businesses (other
                than those of the character not subject to the lien of the applicable
                Utility Indenture) hereafter acquired by such Illinois Utility Borrower
                and situated in counties in the State of Illinois in which the applicable
                Utility Indenture shall be of record will, upon such acquisition,
                become
                subject to the lien of the applicable Utility Indenture, subject,
                however,
                to such encumbrances and liens as are permitted
                thereby.

            

    

     

    
      	15.  	
              In
                a properly presented case, an Illinois court or a federal court applying
                Illinois choice of law rules should give effect to the choice of
                law
                provisions of the Credit Agreement and should hold that the Credit
                Agreement is to be governed by the laws of the State of New York
                rather
                than the laws of the State of Illinois. In rendering the foregoing
                opinion, I note that by its terms the Credit Agreement expressly
                selects
                New York law as the law governing its interpretation and that the
                Credit Agreement was delivered to the Agent in New York. The choice
                of law
                provisions of the Credit Agreement are not voidable under the laws
                of the
                State of Illinois. Notwithstanding the foregoing, even if an Illinois
                court or a federal court holds that the Credit Agreement is to be
                governed
                by the laws of the State of Illinois, the Credit Agreement constitutes
                a
                legal, valid and binding obligation of each Borrower thereto, enforceable
                under Illinois law (including usury provisions) against such Borrower
                in
                accordance with its terms.

            

    

     

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

    I
      am a
      member of the Bar of the State of Illinois and the foregoing opinion is limited
      to the laws of the State of Illinois. I note that the Credit Agreement is
      governed by the laws of the State of New York and, for purposes of the opinion
      expressed in opinion paragraph 2 above, I have assumed that the laws of the
      State of New York do not differ from the laws of the State of Illinois in any
      manner that would render such opinion incorrect. This opinion is rendered solely
      to you in connection with the above matter. This opinion may not be relied
      upon
      by you for any other purpose or relied upon by any other Person (other than
      your
      successors and assigns as Lenders and, as to certain matters involving the
      application of the laws of the State of Illinois in his opinion addressed to
      you
      and dated the date hereof, Steven R. Sullivan) without my prior written consent.
      Notwithstanding anything in this opinion letter to the contrary, you may
      disclose this opinion (i) to prospective successors and assigns of the
      addressees hereof, (ii) to regulatory authorities having jurisdiction over
      any
      of the addressees hereof or their successors and assigns, and (iii) pursuant
      to
      valid legal process, in each case without my prior consent. This opinion is
      delivered as of the date hereof and I undertake no, and disclaim any, obligation
      to advise you of any change in matters of law or fact set forth herein or upon
      which this opinion is based.

     

    Very
      truly yours,

    

    

    

    Craig
      W.
      Stensland

    Associate
      General Counsel

    Ameren
      Services Company

    

    

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    [FORM
      OF
      COMPLIANCE CERTIFICATE]

     

    To:         
      The
      Lenders parties to the

                   
      Credit Agreement Described Below

     

    This
      Compliance Certificate is furnished pursuant to that certain Credit Agreement
      dated as of February 9, 2007 (as amended, modified, renewed or extended from
      time to time, the “Agreement”) among Central Illinois Public Service Company,
      Central Illinois Light Company, Illinois Power Company, AmerenEnergy Resources
      Generating Company and CILCORP Inc. (each, a “Borrower” and collectively, the
“Borrowers”), the lenders from time to time party thereto (the “Lenders”) and
      JPMorgan Chase Bank, N.A., as Agent for the Lenders. Unless otherwise defined
      herein, capitalized terms used in this Compliance Certificate have the meanings
      ascribed thereto in the Agreement.

     

    THE
      UNDERSIGNED HEREBY CERTIFIES THAT:

     

    1.
      I am
      the duly elected Vice President and Treasurer of each of the
      Borrowers;

     

    2.
      I have
      reviewed the terms of the Agreement and I have made, or have caused to be made
      under my supervision, a detailed review of the transactions and conditions
      of
      each Borrower and its Subsidiaries during the accounting period covered by
      the
      attached financial statements;

     

    3.
      The
      examinations described in paragraph 2 did not disclose, and I have no knowledge
      of, the existence of any condition or event which constitutes a Default or
      Unmatured Default during or at the end of the accounting period covered by
      the
      attached financial statements or as of the date of this Certificate, except
      as
      set forth below; 

     

    4.
      Schedule I attached hereto sets forth financial data and computations evidencing
      each Borrower’s compliance with certain covenants of the Agreement as of the end
      of the most recent fiscal quarter for which such financial data and computations
      have been prepared.

     

    [5.
      The
      examinations described in paragraph 2 did not disclose, and I have no knowledge
      of, the existence of any condition or event which constitutes a “Default” or
“Unmatured Default” with respect to [specify applicable Illinois Utility] under
      the Existing Credit Agreement;]2 
      and

     

    _________________

      
        2
          [This
          statement required when Compliance Certificate is provided pursuant to
          Section
          4.3.1 on any Accession Date or 4.5(vii) or 4.6(vii) on any Increase
          Date.]

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Described
      below are the exceptions, if any, to paragraph 3 by listing, in detail, the
      nature of the condition or event, the period during which it has existed and
      the
      action which the applicable Borrower has taken, is taking, or proposes to take
      with respect to each such condition or event:

     

     

      
        

      

    

     

      
        

      

    

     

      
        

      

    

     

      
        

      

    

     

      
        

      

    

     

     

    The
      foregoing certifications, together with the computations set forth in Schedule
      I
      hereto and the financial statements delivered with this Compliance Certificate
      in support hereof, are made and delivered this ___ day of __________,
      _____.

     

    

     

    
      	 
	 
	
               

            	_______________________________ 
	 	
              Name: 

            
	 	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      1

    TO
      COMPLIANCE CERTIFICATE

     

    

    Compliance
      as of _________, ____ with

    Provisions
      of Section 6.17 of

    the
      Agreement

     

    
      LEVERAGE
        RATIO

    

    

      
        	 	 
	
                CIPS:

                 

              	 
	
                Consolidated
                  Indebtedness of CIPS:

                 

              	
                $___________
                  

                 

              
	
                Consolidated
                  Total Capitalization of CIPS:

                 

              	
                $___________

                 

              
	
                CIPS’
                  Leverage Ratio (Ratio of 1 to 2):

                 

              	
                _____
                  to 1.00

                 

              
	 	 
	
                CILCO:

                 

              	 
	
                Consolidated
                  Indebtedness of CILCO:

                 

              	
                $___________

                 

              
	
                Consolidated
                  Total Capitalization of CILCO:

                 

              	
                $___________

                 

              
	
                CILCO’s
                  Leverage Ratio (Ratio of 1 to 2):

                 

              	
                _____
                  to 1.00

                 

              
	 	 
	
                IP:

                 

              	 
	
                Consolidated
                  Indebtedness of IP:

                 

              	
                $___________
                  

                 

              
	
                Consolidated
                  Total Capitalization of IP:

                 

              	
                $___________

                 

              
	
                IP’s
                  Leverage Ratio (Ratio of 1 to 2):

                 

              	
                _____
                  to 1.00

                 

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	 	 
	
                Resources:

                 

              	 
	
                Consolidated
                  Indebtedness of Genco:

                 

              	
                $___________
                  

                 

              
	
                Consolidated
                  Total Capitalization of Genco:

                 

              	
                $___________

                 

              
	
                Genco’s
                  Leverage Ratio (Ratio of 1 to 2):

                 

              	
                _____
                  to 1.00

                 

              
	 	 
	
                CILCORP:

                 

              	 
	
                Consolidated
                  Indebtedness of IP:

                 

              	
                $___________
                  

                 

              
	
                Consolidated
                  Total Capitalization of IP:

                 

              	
                $___________

                 

              
	
                IP’s
                  Leverage Ratio (Ratio of 1 to 2):

                 

              	
                _____
                  to 1.00

                 

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        C

      [FORM
        OF
        ASSIGNMENT AND ASSUMPTION AGREEMENT]

    

     

     

    

     

    This
      Assignment and Assumption (the “Assignment
      and Assumption”)
      is
      dated as of the Effective Date set forth below and is entered into by and
      between [Insert
      name of Assignor]
      (the
“Assignor”)
      and
      [Insert
      name of Assignee]
      (the
“Assignee”).
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Credit Agreement identified below (as amended, the “Credit
      Agreement”),
      receipt of a copy of which is hereby acknowledged by the Assignee. The Terms
      and
      Conditions set forth in Annex 1 attached hereto are hereby agreed to and
      incorporated herein by reference and made a part of this Assignment and
      Assumption as if set forth herein in full.

     

    For
      an
      agreed consideration, the Assignor hereby irrevocably sells and assigns to
      the
      Assignee, and the Assignee hereby irrevocably purchases and assumes from the
      Assignor, subject to and in accordance with the Standard Terms and Conditions
      and the Credit Agreement, as of the Effective Date inserted by the Agent as
      contemplated below, the interest in and to all of the Assignor’s rights and
      obligations in its capacity as a Lender under the Credit Agreement and any
      other
      documents or instruments delivered pursuant thereto that represents the amount
      and percentage interest identified below of all of the Assignor’s outstanding
      rights and obligations under the respective facilities identified below
      (including without limitation any letters of credit, guaranties and swingline
      loans included in such facilities and, to the extent permitted to be assigned
      under applicable law, all claims (including without limitation contract claims,
      tort claims, malpractice claims, statutory claims and all other claims at law
      or
      in equity), suits, causes of action and any other right of the Assignor against
      any Person whether known or unknown arising under or in connection with the
      Credit Agreement, any other documents or instruments delivered pursuant thereto
      or the loan transactions governed thereby) (the “Assigned
      Interest”).
      Such
      sale and assignment is without recourse to the Assignor and, except as expressly
      provided in this Assignment and Assumption, without representation or warranty
      by the Assignor.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    

    
      	
              1.

            	
              Assignor:

            	________________________________________________________ 	 
	 	 	 
	
              2.

            	
              Assignee:

            	________________________________________________________	
              [and
                is an Affiliate/Approved 

            
	
              Fund
                of [identify
                Lender]]3 

            
	 	 	 
	
              3.

            	
              Borrowers:

            	
              Central
                Illinois Public Service Company, Central Illinois Light Company,
                

              Illinois
                Power Company, AmerenEnergy Resources Generating Company 

              and
                CILCORP Inc.

            
	 	 	 
	
              4.

            	
              Agent:

            	
              JPMorgan
                Chase Bank, N.A., as Agent under the Credit Agreement.

            
	 	 	 
	
              5.

            	
              Credit
                Agreement:

            	
              The
                Credit Agreement, dated as of February 9, 2007, among the 

              Borrowers,
                the Lenders party thereto and JPMorgan Chase Bank, 

              N.A.,
                as Agent.

            
	
              6.

            	
              Assigned
                Interest:

            	 
	 	
              Aggregate
                Amount of 

              Commitment/Loans
                

              for
                all Lenders*

            	
              Amount
                of 

              Commitment/Loans
                

              Assigned*

            	
              Percentage
                Assigned 

              of
                

              Commitment/Loans
                2    

            
	 	
              $

            	
              $

            	
              _______%

            
	 	
              $

            	
              $

            	
              _______%

            
	 	
              $

            	
              $

            	
              _______%

            
	 	 	 	 
	
              7.

            	
              Trade
                Date:

            	
               

              _________________________________________________________________________________
                3 

            
	 	 	 	 

    

    

     

    Effective
      Date: ____________, 20__ [TO BE INSERTED BY AGENT AND WHICH SHALL BE THE
      EFFECTIVE DATE OF RECORDATION OF TRANSFER BY THE AGENT.]

     

    ____________________

      
        1 Select
          as
          applicable.

        * Amount
          to
          be adjusted by the counterparties to take into account any payments or
          prepayments made between the Trade Date and the Effective
          Date.

      

      
        2  Set
          forth, to at least 9 decimals, as a percentage of the Commitment/Loans
          of all
          Lenders thereunder.

      

      
        3 Insert
          if
          satisfaction of minimum amounts is to be determined as of the Trade
          Date.

         

      

    

    

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      terms
      set forth in this Assignment and Assumption are hereby agreed to:

     

    
      	 	
              ASSIGNOR

              [NAME
                OF ASSIGNOR]

            
	 	 
	 	 
	 	
              By:

            	_____________________________________________________ 
	 	 	
              Title:

               

            
	 	
              ASSIGNEE

              [NAME
                OF ASSIGNEE]

            
	 	 
	 	 
	 	
              By:

            	 _____________________________________________________
	 	 	
              Title:

               

            
	
              Consented
                to and Accepted:

            	 	 
	
              JPMORGAN
                CHASE BANK, N.A., as Agent 

              and
                as Issuing Bank

            	 	 
	
              By:

            	 	 	 
	
              Title:

            	 	 
	 	 	 
	
              [Consented
                to:

            	 	 
	 	 	 
	
              [Add
                each other Issuing Bank, if any]

               

            	 	 
	
              By:

            	
            	 	 
	
              Title:]

            	 	 
	 	 	 
	
              [Consented
                to:]4 

            	 	 
	 	 	 
	
              CENTRAL
                ILLINOIS PUBLIC SERVICE 

              COMPANY1

            	 	 
	
              By:

            	 	 	 
	
              Title:

            	 	 
	 	 	 
	
              [Consented
                to:]5 

            	 	 

    

     

    
      ____________________

      
        
          4 To
            be
            added only if the consent of each Borrower is required by the terms of
            the
            Credit Agreement.

        

        
          5 To
            be
            added only if the consent of each Borrower is required by the terms of
            the
            Credit Agreement.

           

        

      

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	
              CENTRAL
                ILLINOIS LIGHT COMPANY2

            	 	 
	
              By:

            	 	 
	
              Title:

            	 	 

    

    
      	 	 	 
	
              [Consented
                to:]6 

            	 	 
	 	 	 
	
              ILLINOIS
                POWER COMPANY1

            	 	 
	
              By:

            	 	 
	
              Title:

            	 	 
	 	 	 
	
              [Consented
                to:]7 

            	 	 
	 	 	 
	
              AMERENENERGY
                RESOURCES 

              GENERATING
                COMPANY1

            	 	 
	
              By:

            	 	 
	
              Title:

            	 	 
	 	 	 
	
              [Consented
                to:]8

            	 	 
	 	 	 
	
              CILCORP
                INC.1

            	 	 
	
              By:

            	 	 
	
              Title:

            	 	 
	 	 	 

    

    

    
      ____________________

      
        
          6 To
            be
            added only if the consent of each Borrower is required by the terms of
            the
            Credit Agreement.

          7 To
            be
            added only if the consent of each Borrower is required by the terms of
            the
            Credit Agreement.

        

        
          8 To
            be
            added only if the consent of each Borrower is required by the terms of
            the
            Credit Agreement.

           

          
            
              4

            

            
              
              

              
                

              

            

            
              
              

            

          

        

      

    

     

    ANNEX
      1

    TO

    ASSIGNMENT
      AND ASSUMPTION

    TERMS
      AND
      CONDITIONS FOR

    ASSIGNMENT
      AND ASSUMPTION

     

    1.
      Representations
      and Warranties.

     

    1.1
      Assignor.
      The
      Assignor represents and warrants that (i) it is the legal and beneficial owner
      of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
      lien, encumbrance or other adverse claim and (iii) it has full power and
      authority, and has taken all action necessary, to execute and deliver this
      Assignment and Assumption and to consummate the transactions contemplated
      hereby. Neither the Assignor nor any of its officers, directors, employees,
      agents or attorneys shall be responsible for (i) any statements, warranties
      or
      representations made in or in connection with the Credit Agreement or any other
      Loan Document, (ii) the execution, legality, validity, enforceability,
      genuineness, sufficiency, perfection, priority, collectibility, or value of
      the
      Loan Documents or any collateral thereunder, (iii) the financial condition
      of
      the Borrowers, any of their Subsidiaries or Affiliates or any other Person
      obligated in respect of any Loan Document, (iv) the performance or observance
      by
      the Borrowers, any of their Subsidiaries or Affiliates or any other Person
      of
      any of their respective obligations under any Loan Document, (v) inspecting
      any
      of the property, books or records of the Borrowers, or any guarantor, or (vi)
      any mistake, error of judgment, or action taken or omitted to be taken in
      connection with the Loans or the Loan Documents.

     

    1.2.
      Assignee.
      The
      Assignee (a) represents and warrants that (i) it has full power and authority,
      and has taken all action necessary, to execute and deliver this Assignment
      and
      Assumption and to consummate the transactions contemplated hereby and to become
      a Lender under the Credit Agreement, (ii) from and after the Effective Date,
      it
      shall be bound by the provisions of the Credit Agreement as a Lender thereunder
      and, to the extent of the Assigned Interest, shall have the obligations of
      a
      Lender thereunder, (iii) agrees that its payment instructions and notice
      instructions are as set forth in Schedule 1 to this Assignment and Assumption,
      (iv) none of the funds, monies, assets or other consideration being used to
      make
      the purchase and assumption hereunder are “plan assets” as defined under ERISA
      and that its rights, benefits and interests in and under the Loan Documents
      will
      not be “plan assets” under ERISA, (v) agrees to indemnify and hold the Assignor
      harmless against all losses, costs and expenses (including, without limitation,
      reasonable attorneys’ fees) and liabilities incurred by the Assignor in
      connection with or arising in any manner from the Assignee’s non-performance of
      the obligations assumed under this Assignment and Assumption, (vi) it has
      received a copy of the Credit Agreement, together with copies of financial
      statements and such other documents and information as it has deemed appropriate
      to make its own credit analysis and decision to enter into this Assignment
      and
      Assumption and to purchase the Assigned Interest on the basis of which it has
      made such analysis and decision independently and without reliance on the Agent
      or any other Lender, and (vii) attached as Schedule 1 to this Assignment and
      Assumption is any documentation required to be delivered by the Assignee with
      respect to its tax status pursuant to the terms of the Credit Agreement, duly
      completed and executed by the Assignee and (b) agrees that (i) it 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    will,
      independently and without reliance on the Agent, the Assignor or any other
      Lender, and based on such documents and information as it shall deem appropriate
      at the time, continue to make its own credit decisions in taking or not taking
      action under the Loan Documents, and (ii) it will perform in accordance with
      their terms all of the obligations which by the terms of the Loan Documents
      are
      required to be performed by it as a Lender.

     

    2.
      Payments.
      The
      Assignee shall pay the Assignor, on the Effective Date, the amount agreed to
      by
      the Assignor and the Assignee. From and after the Effective Date, the Agent
      shall make all payments in respect of the Assigned Interest (including payments
      of principal, interest, fees and other amounts) to the Assignor for amounts
      which have accrued to but excluding the Effective Date and to the Assignee
      for
      amounts which have accrued from and after the Effective Date.

     

    3.
      General
      Provisions.
      This
      Assignment and Assumption shall be binding upon, and inure to the benefit of,
      the parties hereto and their respective successors and assigns. This Assignment
      and Assumption may be executed in any number of counterparts, which together
      shall constitute one instrument. Delivery of an executed counterpart of a
      signature page of this Assignment and Assumption by telecopy shall be effective
      as delivery of a manually executed counterpart of this Assignment and
      Assumption. This Assignment and Assumption shall be governed by, and construed
      in accordance with, the law of the State of New York.

     

    

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    ADMINISTRATIVE
      QUESTIONNAIRE

     

    (Schedule
      to be supplied by Closing Unit or Trading Documentation Unit)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    US
      AND NON-US TAX INFORMATION REPORTING REQUIREMENTS

     

    (Schedule
      to be supplied by Closing Unit or Trading Documentation Unit)

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D-1

     

    [FORM
      OF] LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION

     

    
      	
              To:

            	
              JPMorgan
                Chase Bank, NA,

              
                as
                  Agent (the “Agent”) under the Credit Agreement

                Described
                  Below

              

            

    

     

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 9, 2007 (the “Credit Agreement”) among
                Central Illinois Public Service Company, Central Illinois Light Company,
                Illinois Power Company, AmerenEnergy Resources Generating Company
                and
                CILCORP Inc., the Lenders named therein, and JPMorgan Chase Bank,
                N.A., as
                Agent. Capitalized terms used herein and not otherwise defined herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    Central
      Illinois Public Service Company (“CIPS”) hereby specifically authorizes and
      directs the Agent to act upon the following standing money transfer instructions
      with respect to the proceeds of Advances or other extensions of credit to CIPS
      from time to time until receipt by the Agent of a specific written revocation
      of
      such instructions by CIPS, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      CIPS
      in accordance with Section 13.1 of the Credit Agreement or based on any
      telephonic notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    
      	
              Facility
                Identification Number(s)

            	____________________________________________________________________	 
	 	 
	
              Customer/Account
                Name: 

            	
               Central
                Illinois Public Service Company

            
	 	 
	
              Transfer
                Funds To:

            	
              Bank
                Name/Location:        US
                Bank / Cincinnati, Ohio 

              Account
                Name:                 
                AmerenCIPS
                General

              ABA
                Routing & Transit: 
                042000013

              Account
                Number:             
                130103018052

            
	 	 	 
	
              Authorized
                Officer (Customer Representative):

            	 	
              Date:

            	_____________________________ 	 
	 	 	 	 	 
	______________________________________________________________	 	__________________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            
	 	 	 
	
              Bank
                Officer Name:

            	 	
              Date:

            	 ____________________________
	 	 	 
	______________________________________________________________ 	 	___________________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            

    

     

    (Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

    

    
      
        1

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      EXHIBIT
        D-2

    

     

    [FORM
      OF] LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION

     

    To
      JPMorgan Chase Bank, NA,

    as
      Agent
      (the “Agent”) under the Credit Agreement

    Described
      Below.

     

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 9, 2007 (the “Credit Agreement”) among
                Central Illinois Public Service Company, Central Illinois Light Company,
                Illinois Power Company, AmerenEnergy Resources Generating Company
                and
                CILCORP Inc., the Lenders named therein, and JPMorgan Chase Bank,
                N.A., as
                Agent. Capitalized terms used herein and not otherwise defined herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    Central
      Illinois Light Company (“CILCO”) hereby specifically authorizes and directs the
      Agent to act upon the following standing money transfer instructions with
      respect to the proceeds of Advances or other extensions of credit to CILCO
      from
      time to time until receipt by the Agent of a specific written revocation of
      such
      instructions by CILCO, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      CILCO
      in accordance with Section 13.1 of the Credit Agreement or based on any
      telephonic notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    
      	
              Facility
                Identification Number(s)

            	____________________________________________________________________ 	 
	 	 
	
              Customer/Account
                Name: 

            	
               Central
                Illinois Light Company

            
	 	 
	
              Transfer
                Funds To:

            	
              Bank
                Name/Location:       US
                Bank / Cincinnati, Ohio

              Account
                Name:                
                AmerenCILCO
                General

              ABA
                Routing & Transit: 042000013

              Account
                Number:            
                130103018060

            
	 	 	 
	
              Authorized
                Officer (Customer Representative):

            	 	
              Date:

            	_____________________________ 	 
	 	 	 	 	 
	_________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            
	 	 	 
	
              Bank
                Officer Name:

            	 	
              Date:

            	_____________________________ 
	 	 	 
	 ________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            

    

     

    Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

    
      
        1

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      EXHIBIT
        D-3

    

    [FORM
      OF] LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION

     

    To
      JPMorgan Chase Bank, NA,

    as
      Agent
      (the “Agent”) under the Credit Agreement

    Described
      Below.

     

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 9, 2007 (the “Credit Agreement”) among
                Central Illinois Public Service Company, Central Illinois Light Company,
                Illinois Power Company, AmerenEnergy Resources Generating Company
                and
                CILCORP Inc., the Lenders named therein, and JPMorgan Chase Bank,
                N.A., as
                Agent. Capitalized terms used herein and not otherwise defined herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    Illinois
      Power Company (“IP”) hereby specifically authorizes and directs the Agent to act
      upon the following standing money transfer instructions with respect to the
      proceeds of Advances or other extensions of credit to IP from time to time
      until
      receipt by the Agent of a specific written revocation of such instructions
      by
      IP, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      IP in
      accordance with Section 13.1 of the Credit Agreement or based on any telephonic
      notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    
      	
              Facility
                Identification Number(s)

            	____________________________________________________________________ 	 
	 	 
	
              Customer/Account
                Name: 

            	
               
                Illinois Power Company

            
	 	 
	
              Transfer
                Funds To:

            	
              Bank
                Name/Location:       US
                Bank / Cincinnati, Ohio

              Account
                Name:                
                AmerenIP
                General

              ABA
                Routing & Transit: 042000013

              Account
                Number:            
                130103018078

            
	 	 	 
	
              Authorized
                Officer (Customer Representative):

            	 	
              Date:

            	_____________________________ 	 
	 	 	 	 	 
	_________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            
	 	 	 
	
              Bank
                Officer Name:

            	 	
              Date:

            	_____________________________ 
	 	 	 
	 ________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            

    

     

    (Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

     

    
      
        1

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      D-4

     

    [FORM
      OF] LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION

     

    To
      JPMorgan Chase Bank, NA,

    as
      Agent
      (the “Agent”) under the Credit Agreement

    Described
      Below.

     

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 9, 2007 (the “Credit Agreement”) among
                Central Illinois Public Service Company, Central Illinois Light Company,
                Illinois Power Company, AmerenEnergy Resources Generating Company
                and
                CILCORP Inc., the Lenders named therein, and JPMorgan Chase Bank,
                N.A., as
                Agent. Capitalized terms used herein and not otherwise defined herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    AmerenEnergy
      Resources Generating Company (“AERG”) hereby specifically authorizes and directs
      the Agent to act upon the following standing money transfer instructions with
      respect to the proceeds of Advances or other extensions of credit to AERG from
      time to time until receipt by the Agent of a specific written revocation of
      such
      instructions by AERG, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      AERG
      in accordance with Section 13.1 of the Credit Agreement or based on any
      telephonic notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    
      	
              Facility
                Identification Number(s)

            	____________________________________________________________________ 	 
	 	 
	
              Customer/Account
                Name: 

            	
               
                AmerenEnergy Resources Generating Company

            
	 	 
	
              Transfer
                Funds To:

            	
              Bank
                Name/Location:       JP Morgan Chase/New
                York, New York

              Account
                Name:                
                AmerenEnergy
                Resources Generating General

              ABA
                Routing & Transit: 021000021

              Account
                Number:            
                716492335

            
	 	 	 
	
              Authorized
                Officer (Customer Representative):

            	 	
              Date:

            	_____________________________ 	 
	 	 	 	 	 
	_________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            
	 	 	 
	
              Bank
                Officer Name:

            	 	
              Date:

            	_____________________________ 
	 	 	 
	 ________________________________________________________________	 	_____________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            

    

     

     (Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

     

    
      
        1

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      D-5

    [FORM
      OF] LOAN/CREDIT RELATED MONEY TRANSFER INSTRUCTION

     

    To
      JPMorgan Chase Bank, NA,

    as
      Agent
      (the “Agent”) under the Credit Agreement

    Described
      Below.

     

    
      	
              Re:

            	
              Credit
                Agreement dated as of February 9, 2007 (the “Credit Agreement”) among
                Central Illinois Public Service Company, Central Illinois Light Company,
                Illinois Power Company, AmerenEnergy Resources Generating Company
                and
                CILCORP Inc., the Lenders named therein, and JPMorgan Chase Bank,
                N.A., as
                Agent. Capitalized terms used herein and not otherwise defined herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    CILCORP
      Inc. (“CILCORP”) hereby specifically authorizes and directs the Agent to act
      upon the following standing money transfer instructions with respect to the
      proceeds of Advances or other extensions of credit to CILCORP from time to
      time
      until receipt by the Agent of a specific written revocation of such instructions
      by CILCORP, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      CILCORP in accordance with Section 13.1 of the Credit Agreement or based on
      any
      telephonic notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    
      	
              Facility
                Identification Number(s)

            	____________________________________________________________________ 	 
	 	 
	
              Customer/Account
                Name: 

            	
               CILCORP
                Inc.

            
	 	 
	
              Transfer
                Funds To:

            	
              Bank
                Name/Location: JP
                Morgan Chase / New York, New York

              Account
                Name: Cilcorp
                General

              ABA
                Routing & Transit: 021000021

              Account
                Number: 716492418

            
	 	 	 
	
              Authorized
                Officer (Customer Representative):

            	 	
              Date:

            	_____________________________ 	 
	 	 	 	 	 
	_____________________________________________________________ 	 	___________________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            
	 	 	 
	
              Bank
                Officer Name:

            	 	
              Date:

            	 
	 	 	 
	_____________________________________________________________ 	 	___________________________________________________ 
	
              (Please
                Print)

            	 	
              Signature

            

    

    

     

    (Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
EXHIBIT
      E

     

    [FORM
      OF
      PROMISSORY NOTE]

     

    [Date]

     

    _________________,
      an Illinois corporation (the “Borrower”), promises to pay to the order of
      ____________________________________ (the “Lender”) on the Availability
      Termination Date __________ DOLLARS ($_____) or, if less, the aggregate unpaid
      principal amount of all Loans made by the Lender to the Borrower pursuant to
      Article II of the Agreement (as hereinafter defined), in immediately available
      funds at the main office of JPMorgan Chase Bank, N.A., in New York, New York,
      as
      Agent, together with accrued but unpaid interest thereon. The Borrower shall
      pay
      interest on the unpaid principal amount hereof at the rates and on the dates
      set
      forth in the Agreement.

     

    The
      Lender shall, and is hereby authorized to, record on the schedule attached
      hereto, or to otherwise record in accordance with its usual practice, the date
      and amount of each Revolving Loan and the date and amount of each principal
      payment hereunder.

     

    This
      Note
      is one of the Notes issued pursuant to, and is entitled to the benefits of,
      the
      Credit Agreement dated as of February 9, 2007 (which, as it may be amended
      or
      modified and in effect from time to time, is herein called the “Agreement”),
      among Central Illinois Public Service Company, Central Illinois Light Company,
      Illinois Power Company, AmerenEnergy Resources Generating Company and CILCORP
      Inc., the lenders party thereto, including the Lender, and JPMorgan Chase Bank,
      N.A., as Agent, to which Agreement reference is hereby made for a statement
      of
      the terms and conditions governing this Note, including the terms and conditions
      under which this Note may be prepaid or its maturity date accelerated.
      Capitalized terms used herein and not otherwise defined herein are used with
      the
      meanings attributed to them in the Agreement.

     

    THIS
      NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
      WITH THE LAWS OF THE STATE OF NEW YORK.

     

    _________________________________

     

    By:
      ___________________________________

    Print
      Name: _____________________________

    Title:
      __________________________________

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    SCHEDULE
      OF LOANS AND PAYMENTS OF PRINCIPAL

    TO

    NOTE
      OF
      ______________________,

    DATED
      _____________,

     

    
      	 	 	 	 	 
	
              Date

            	
              Principal

              Amount
                of

              Loan

            	
              Maturity

              of
                Interest

              Period

            	
              Principal

              Amount

              Paid

            	
              Unpaid

              Balance

            
	 	 	 	 	 

    

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      F

    [FORM
      OF
      DESIGNATION AGREEMENT]

     

    Dated
      ____________, 20__

     

    Reference
      is made to the Credit Agreement dated as of February 9, 2007 (as amended or
      otherwise modified from time to time, the “Credit Agreement”) among Central
      Illinois Public Service Company, an Illinois corporation, Central Illinois
      Light
      Company, an Illinois corporation, Illinois Power Company, an Illinois
      corporation, AmerenEnergy Resources Generating Company, an Illinois corporation
      and CILCORP Inc., an Illinois corporation (each, a “Borrower and collectively,
      the “Borrowers”), the lenders from time to time party thereto (the “Lenders”)
      and JPMorgan Chase Bank, N.A., (having its principal office in New York, NY),
      as
      Agent. Terms defined in the Credit Agreement are used herein as therein
      defined.

     

    _________
      (the “Designating Lender”), ____________ (the “Designated Lender”), and the
      Borrowers agree as follows:

     

    
      	1.  	
              The
                Designating Lender hereby designates the Designated Lender, and the
                Designated Lender hereby accepts such designation, as its Designated
                Lender under the Credit Agreement.

            

    

     

    
      	2.  	
              The
                Designating Lender makes no representations or warranty and assumes
                no
                responsibility with respect to the financial condition of the Borrowers
                or
                the performance or observance by the Borrowers of any of its obligations
                under the Credit Agreement or any other instrument or document furnished
                pursuant thereto.

            

    

     

    
      	3.  	
              The
                Designated Lender (i) confirms that it has received a copy of the
                Credit
                Agreement, together with copies of the financial statements referred
                to in
                Article V and Article VI thereof and such other documents and information
                as it has deemed appropriate to make its own credit analysis and
                decision
                to enter into this Designation Agreement; (ii) agrees that it will,
                independently and without reliance upon the Agent, the Designating
                Lender
                or any other Lender and based on such documents and information as
                it
                shall deem appropriate at the time, continue to make its own credit
                decisions in taking or not taking any action it may be permitted
                to take
                under the Credit Agreement; (iii) confirms that it is an Eligible
                Designee; (iv) appoints and authorizes the Designating Lender as
                its
                administrative agent and attorney-in-fact and grants the Designating
                Lender an irrevocable power of attorney to receive payments made
                for the
                benefit of the Designated Lender under the Credit Agreement and to
                deliver
                and receive all communications and notices under the Credit Agreement,
                if
                any, that Designated Lender is obligated to deliver or has the right
                to
                receive thereunder; (v) acknowledges that it is subject to and bound
                by
                the confidentiality provisions of the Credit Agreement (except as
                permitted under Section 12.4 thereof); and (vi) acknowledges that
                the
                Designating Lender retains the sole right and responsibility to vote
                under
                the Credit Agreement, including, without limitation, the right to
                approve
                any amendment, modification or waiver of any provision of the Credit
                Agreement, and agrees that the Designated Lender shall be bound by
                all
                such 

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    votes,
      approvals, amendments, modifications and
      waivers and all other agreements of the Designating Lender pursuant to or in
      connection with the Credit Agreement.

     

    
      	4.  	
              Following
                the execution of this Designation Agreement by the Designating Lender,
                the
                Designated Lender and the Borrowers, it will be delivered to the
                Agent for
                acceptance and recording by the Agent. The effective date of this
                Designation Agreement shall be the date of acceptance thereof by
                the
                Agent, unless otherwise specified on the signature page hereto (the
                “Effective Date”).

            

    

     

    
      	5.  	
              Upon
                such acceptance and recording by the Agent, as of the Effective Date
                (a)
                the Designated Lender shall have the right to make Loans as a Lender
                pursuant to Article II of the Credit Agreement and the rights of
                a Lender
                related thereto and (b) the making of any such Loans by the Designated
                Lender shall satisfy the obligations of the Designating Lender under
                the
                Credit Agreement to the same extent, and as if, such Loans were made
                by
                the Designating Lender.

            

    

     

    
      	6.  	
              Each
                party to this Designation Agreement hereby agrees that it shall not
                institute against, or join any other Person in instituting against,
                any
                Designated Lender any bankruptcy, reorganization, arrangement, insolvency
                or liquidation proceeding or other proceedings under any federal
                or state
                bankruptcy or similar law for one year and a day after payment in
                full of
                all outstanding senior indebtedness of any Designated Lender; provided
                that the Designating Lender for each Designated Lender hereby agrees
                to
                indemnify, save and hold harmless each other party hereto for any
                loss,
                cost, damage and expense arising out of its inability to institute
                any
                such proceeding against such Designated Lender. This Section 6 of
                the
                Designation Agreement shall survive the termination of this Designation
                Agreement and termination of the Credit
                Agreement.

            

    

     

    
      	7.  	
              This
                Designation Agreement shall be governed by, and construed in accordance
                with, the internal laws of the State of New
                York.

            

    

     

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS WHEREOF, the parties have caused this Designation Agreement to be
      executed by their respective officers hereunto duly authorized, as of the date
      first above written.

     

    Effective
      Date1 :

     

    [NAME
      OF
      DESIGNATING LENDER]

     

    By:
      ________________________

    Name:
      

    ___________________________

    Title:

    ___________________________

     

    

     

    [NAME
      OF
      DESIGNATED LENDER]

     

    
      By:
        

      ___________________________

      Name:
        

      ___________________________

      Title:
        

      ___________________________

       

    

     

    CENTRAL
      ILLINOIS PUBLIC

    SERVICE
      COMPANY

     

    By:
      

    ___________________________

    Name:
      

    ___________________________

    Title:
      

    ___________________________

     

     

    CENTRAL
      ILLINOIS LIGHT 

    COMPANY

     

    By:
      

    ___________________________

    Name:
      

    ___________________________

    Title:
      

    ___________________________

     

    ___________________

    
      
        1 This
          date
          should be no earlier than the date of acceptance by the Agent.

         

      

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ILLINOIS
      POWER COMPANY

     

    By:
      

    ___________________________

    Name:
      

    ___________________________

    Title:

    ___________________________

     

     

    AMERENENERGY
      RESOURCES 

    GENERATING
      COMPANY

     

    By:
      

    ___________________________

    Name:
      

    ___________________________

    Title:
      

    ___________________________

     

     

    CILCORP
      INC.

     

    By:
      

    ___________________________

    Name:
      

    ___________________________

    Title:
      

    ___________________________

     

    Accepted
      and Approved this

     

    ____
      day
      of ________, ____

     

    JPMORGAN
      CHASE BANK, N.A., as Agent

     

    By:
      _____________________________

    Title:
      ____________________________

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    
EXHIBIT
      G

     

    SUBORDINATION
      TERMS

     

    All
      subordinated indebtedness (hereinafter referred to as “Subordinated Debt”) of
      any Borrower incurred after the date of this Agreement that is not being
      included in the calculation of Consolidated Indebtedness for the purposes of
      Section 6.17 shall be in the form of indebtedness of such Borrower to the
      Company or any of its Subsidiaries that is subordinate and junior to any and
      all
      indebtedness (hereinafter referred to as “Senior Debt”) of such Borrower,
      whether existing on the date of this Agreement or thereafter incurred, in
      respect of (i) all Obligations of such Borrower under this Agreement,
      including Obligations in respect of Letters of Credit, (ii) other borrowings
      of
      such Borrower from any one or more banks, insurance companies, pension or profit
      sharing trusts, or other financial institutions whether secured or unsecured
      and
      (iii) all other borrowings incurred, assumed or guaranteed by such
      Borrower, at any time, evidenced by a note, debenture, bond or other similar
      instrument (including capitalized lease and purchase money obligations, and/or
      for the acquisition (whether by way of purchase, merger or otherwise) of any
      business, real property or other assets (except assets acquired in the ordinary
      course of business) but excluding obligations other than for borrowed money
      including trade payables and other obligations to general creditors)
other
      than
      indebtedness which, by its terms or the terms of the instrument creating or
      evidencing it, provides that such indebtedness is subordinated to all other
      indebtedness of such Borrower. Notwithstanding any other provision of this
      Agreement on this Exhibit G, “Senior Debt” shall include refinancings,
      renewals, amendments, extensions or refundings of the indebtedness described
      in
      clauses (i) through (iii) above. 

     

    “Subordinate
      and junior” as used herein shall mean that in the event of:

     

    (a)
      any
      default in, or violation of, the terms or 

    covenants
      of any Senior Debt, including, without limitation, 

    any
      default in payment of principal of, or premium, if any, or 

    interest
      on, any Senior Debt whenever due (whether by 

    acceleration
      of maturity or otherwise), and during the 

    continuance
      thereof, or

     

    (b)
      the
institution
      of any
      liquidation, dissolution, 

    bankruptcy,
      insolvency, reorganization or similar proceeding 

    relating
      to any Borrower, its property or its creditors as such,

     

    the
      obligee of indebtedness so described shall not be entitled to receive any
      payment of principal of, or premium, if any, or interest on, such indebtedness
      until all amounts owing in respect of Senior Debt (matured and unmatured) shall
      have been paid in full; and from and after the happening of any event described
      in clause (b) of this paragraph, all payments and distributions of any kind
      or character (whether in cash, securities or property) which, except for the
      subordination provisions hereof, would have been payable or distributable to
      the
      obligee of such indebtedness (whether directly or by reason of this note’s being
      superior to any other indebtedness), shall be made to and for the benefit of
      the
      holders of Senior Debt (who shall be entitled to make all necessary 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    claims
      therefor) in accordance with the priorities of
      payment thereof until all Senior Debt (matured and unmatured) shall have been
      paid in full. No act or failure to act on the part of any Borrower, and no
      default under or breach of any agreement of such Borrower, whether or not herein
      set forth, shall in any way prevent or limit the holder of any Senior Debt
      from
      enforcing fully the subordination terms herein provided for, irrespective of
      any
      knowledge or notice which such holder may at any time have or be charged with.
      In the event that any payment or distribution is made with respect to
      Subordinated Debt in violation of the terms of this Exhibit G or any
      outstanding Senior Debt, any holder of Subordinated Debt receiving such payment
      or distribution shall hold it in trust for the benefit of, and shall remit
      it
      to, the holders of Senior Debt then outstanding in accordance with the
      priorities of payment thereof.

     

    
 

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      H

    FORM
      OF

    CILCORP
      PLEDGE AGREEMENT SUPPLEMENT

     

    PLEDGE
      AGREEMENT SUPPLEMENT

    

    PLEDGE
      AGREEMENT SUPPLEMENT dated as of February 9, 2007 (this "Supplement") made
      by
      CILCORP, Inc., an Illinois corporation (the "Pledgor"), in favor of The Bank
      of
      New York, a New York banking corporation, as collateral agent (in such capacity,
      the "Collateral Agent") for the benefit of the Secured Parties (as defined
      in
      the Pledge Agreement referred to below). 

     

    1.  This
      Supplement is executed and delivered pursuant to the terms of the Pledge
      Agreement, dated as of October 18, 1999 (as supplemented by this Supplement
      and
      as the same has been and may hereafter be supplemented by any other Pledge
      Agreement Supplement or otherwise amended or modified, the "Pledge Agreement"),
      made by the Pledgor in favor of the Collateral Agent for the benefit of the
      Collateral Agent and the Secured Parties. Terms defined in the Pledge Agreement
      are used herein with their defined meanings. 

     

    2.  Pursuant
      to the terms of the Indenture and the Pledge Agreement, the Pledgor may incur
      additional secured indebtedness from time to time that is by its terms equally
      and ratably secured under the Pledge Agreement with the Obligations secured
      thereunder. The Pledgor, Central Illinois Public Service Company, Illinois
      Power
      Company, Central Illinois Light Company and AmerenEnergy Resources Generating
      Company, as Borrowers, JPMorgan Chase Bank, N.A., as Agent (the "Agent"), and
      the Lenders from time to time party thereto (the "Lenders") have entered into
      that certain Credit Agreement (the "Credit Agreement"), dated as of February
      9,
      2007, pursuant to which the Pledgor may borrow and/or request the issuance
      of
      letters of credit in an aggregate principal amount or face amount up to $125
      million. The terms of the Credit Agreement require that the Pledgor equally
      and
      ratably secure its obligations in respect of the principal of and interest
      on
      any and all loans to the Pledgor under the Credit Agreement, all reimbursement
      obligations in respect of letters of credit issued pursuant to the Credit
      Agreement for the account of the Pledgor and all other "Obligations" (as defined
      in the Credit Agreement) of the Pledgor (the "Credit Agreement Obligations")
      with the Obligations secured under the Pledge Agreement. The Pledgor hereby
      acknowledges and agrees that the Credit Agreement Obligations shall be deemed
      to
      be "Additional Debt Obligations" pursuant to the Pledge Agreement.

     

    3.  The
      Pledgor confirms and reaffirms the security interest in the Collateral granted
      to the Collateral Agent, for the benefit of the Collateral Agent and the Secured
      Parties under the Pledge Agreement; and hereby acknowledges and agrees that
      all
      references to "Secured Parties" in the Pledge Agreement shall be deemed to
      include all holders of the Additional Secured Debt as described on Schedule
      I
      hereto.

     

    4.  The
      Pledgor hereby represents and warrants that the representations and warranties
      contained in Section 3 of the Pledge Agreement are true and correct on the
      date
      of this Supplement with all references therein and elsewhere in the Pledge
      Agreement to "Additional Secured Debt", "Additional Debtholders" and, if
      applicable, "Additional Secured Debt Agent" to include the Additional Secured
      Debt, Additional Debtholders and Additional Secured Debt Agent as listed on
      Schedule I hereto and on Schedule I to each Pledge Agreement Supplement executed
      prior to the date hereof and with references therein to "this Pledge Agreement"
      to mean 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    the
      Pledge Agreement as supplemented hereby; provided
      that
      such representations and warranties of the Pledge Agreement shall hereafter
      be
      deemed to provide that (i) the Pledged Shares constitute all of the issued
      and
      outstanding common stock of CILCO and all the other capital stock of CILCO
      held
      by the Pledgor and (ii) the exercise by the Collateral Agent of the voting
      or
      other rights provided for in the Pledge Agreement or the remedies in respect
      of
      the Collateral pursuant to the Pledge Agreement may be subject to receipt of
      regulatory approvals under laws applicable to the change in control of a public
      utility company. In addition, the Pledgor represents and warrants that this
      Supplement has been duly executed and delivered by the Pledgor and constitutes
      a
      legal, valid and binding obligation of the Pledgor enforceable against the
      Pledgor in accordance with its terms, except as may be limited by applicable
      bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or
      similar laws affecting the enforcement of creditors' rights and remedies
      generally and by equitable principles of general applicability.

     

    5.  The
      Additional Debtholders designated on Schedule I hereto, by their acceptance
      of
      the benefits of the Pledge Agreement, hereby irrevocably designate the
      Collateral Agent to act on their behalf as specified in the Pledge Agreement.
      Each such Additional Debtholder hereby irrevocably authorizes, and each holder
      of the Additional Debt Obligations by the acceptance of such Additional Debt
      Obligation and by the acceptance of the benefits of the Pledge Agreement shall
      be deemed irrevocably to authorize the Collateral Agent to take such action
      on
      its behalf under the Pledge Agreement and instruments and agreements referred
      to
      therein and to exercise such powers and to perform such duties thereunder as
      are
      specifically delegated or required of the Collateral Agent by the terms thereof
      and such other powers as are reasonably incident thereto.

     

    6.  This
      Supplement is supplemental to the Pledge Agreement, forms a part thereof and
      is
      subject to all the terms thereof. Schedule I to the Pledge Agreement does,
      and
      shall be deemed to, include each item listed on Schedule I hereto, and each
      such
      item shall be and is included within the meaning of the terms "Additional
      Secured Debt", "Additional Debtholders" and "Additional Secured Debt Agent"
      as
      such terms are used in the Pledge Agreement. 

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS WHEREOF, the Pledgor has caused this Supplement to be duly executed
      and
      delivered on the date first set forth above.

     

    CILCORP
      INC.

    

    

    By:
      ___________________________    

    Name:_________________________     

    Title:   
      ________________________    

    Acknowledged
      and agreed:

    

    THE
      BANK
      OF NEW YORK,

    as
      Collateral Agent

    
By:
      _____________________    

    Name:
      ___________________    

    Title:  
      ___________________    

    

    

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    JPMorgan
      Chase Bank, N.A., as Agent

    under
      the
      Credit Agreement, on behalf of itself and the Lenders

    

    

    By:
      ____________________    

    Name:
      __________________    

    Title:  
      __________________    

    

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    
EXHIBIT
      H

    FORM
      OF

    CILCORP
      PLEDGE AGREEMENT SUPPLEMENT

    
 

    Schedule
      I

    to
      Pledge
      Agreement Supplement

    

    ADDITIONAL
      SECURED DEBT

    

    

    
      	
              Title
                or Name of Additional Secured Debt

               

            	 	
              Additional
                Debt Holders

            	 	
              Additional
                Secured Debt 

              Agent

            
	
              "Obligations",
                as defined in the Credit 

              Agreement
                dated as of February 9, 2007 (the 

              "Credit
                Agreement") among CILCORP, Inc., 

              Central
                Illinois Public Service Company, 

              Illinois
                Power Company, Central Illinois 

              Light
                Company and AmerenEnergy 

              Resources
                Generating, Inc., as Borrowers, 

              the
                Lenders from time to time part thereto 

              and
                JPMorgan Chase Bank, N.A., as Agent

            	 	
              The
                Lenders from time 

              to
                time party to the 

              Credit
                Agreement

            	 	
              JPMorgan
                Chase Bank, 

              N.A.,
                as Agent

            

    

    

    

 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      I

     

    [Omitted].

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
EXHIBIT
      J-1

    FORM
      OF

    CILCO
      BOND DELIVERY AGREEMENT

    
 

    

    

    BOND
      DELIVERY AGREEMENT

    

    

    

    CENTRAL
      ILLINOIS LIGHT COMPANY

    

    

    

    

    to

    

    

    

    

    JPMORGAN
      CHASE BANK, N.A., AS AGENT

    

    

    

    

    

    

    

    

    Dated
      as
      of ____________ 2007

    

    

    Relating
      to

    

    Mortgage
      Bonds, 2007 Credit Agreement Series

    

    Due
      January 14, 2010

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    BOND
      DELIVERY AGREEMENT (this "

    Agreement"),
      dated as of ____________, 2007, is 

    between
      Central Illinois Light Company (the 

    "Company"),
      and JPMorgan Chase Bank, N.A., as 

    administrative
      agent (the "Agent") under the Credit 

    Agreement
      (as amended, supplemented or otherwise 

    modified
      from time to time, the "Credit 

    Agreement")
      dated as of February 9, 2007 among 

    the
      Company, the other Borrowers thereunder, the 

    lenders
      party thereto (the "Lenders"), and the 

    Agent.

    

    WHEREAS,
      the Company has entered into the Credit Agreement and may from time to time
      make
      borrowings and obtain letters of credit thereunder in accordance with the
      provisions thereof;

    

    WHEREAS,
      the Company has established its Mortgage Bonds, 2007 Credit Agreement Series,
      due January 14, 2010 (whether one or more, the "bonds of the 2007 Credit
      Agreement Series"), to be issued under and in accordance with the CILCO
      Supplemental Indenture (such term and each other capitalized term used but
      not
      otherwise defined herein having the meaning assigned in the Credit Agreement);
      and

    

    WHEREAS,
      the Company may from time to time increase its Borrower Sublimit upon the
      delivery of additional bonds of the 2007 Credit Agreement Series;
      and

    

    WHEREAS,
      the Company proposes to issue and deliver to the Agent, for the benefit of
      the
      Lenders, from time to time bonds of the 2007 Credit Agreement Series in order
      to
      evidence and secure the Obligations of the Company.

    

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration (the receipt and sufficiency of which are hereby acknowledged),
      the Company and the Agent hereby agree as follows:

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ARTICLE
      I

    

    THE
      BONDS

    

    Section
      1.1 Bonds
      of the 2007 Credit Agreement Series.

    

    In
      order
      to evidence and secure the Obligations of the Company and to provide the Lenders
      the benefit of the lien of the Indenture with respect to the bonds of the 2007
      Credit Agreement Series, the Company will from time to time deliver to the
      Agent
      one or more bond certificates of the bonds of the 2007 Credit Agreement Series
      in an aggregate amount required by the Credit Agreement, not to exceed
      $150,000,000, each maturing on January 14, 2010 and bearing interest as provided
      in the CILCO Supplemental Indenture. The obligation of the Company to make
      payments with respect to principal under the Credit Agreement shall not give
      rise to an obligation to pay principal of the bond of the 2007 Credit Agreement
      Series except on the Maturity Date of the Company or upon redemption of the
      bonds of the 2007 Credit Agreement Series. If at any time any permanent
      reduction of the Borrower Sublimit of the Company or the Borrower Credit
      Exposure of the Company shall result in the aggregate principal of the bonds
      of
      the 2007 Credit Agreement Series issued to and held by the Agent being greater
      than the greater of the Borrower Sublimit and the Borrower Credit Exposure,
      a
      payment obligation with respect to the principal of the bonds of the 2007 Credit
      Agreement Series in the amount of such excess shall be deemed discharged upon
      the effectiveness of such permanent reduction. No payment of principal under
      the
      Credit Agreement shall reduce the principal amount of the bonds of the 2007
      Credit Agreement Series to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure, all as set forth in the bond
      certificates and in the CILCO Supplemental Indenture.

    

    The
      bonds
      of the 2007 Credit Agreement Series will be registered in the name of the Agent
      and shall be owned and held by the Agent, for the benefit of the Lenders and
      the
      other secured parties in respect of the Obligations, subject to the provisions
      of this Agreement and the CILCO Indenture and the Company shall have no interest
      therein. The Agent shall be entitled to exercise all rights of a bondholder
      under the CILCO Indenture with respect to the Bond. 

    

    Section
      1.2 Delivery
      of the bonds of the 2007 Credit Agreement Series.

    

    The
      Company will deliver bonds of the 2007 Credit Agreement Series to the Agent
      in
      the amounts and on the dates provided in the Credit Agreement. Such delivery
      shall be made by delivery of a certificate in the form attached as
      Exhibit A hereto.
      The Agent shall acknowledge receipt of the bonds of the 2007 Credit Agreement
      Series so delivered as provided in Exhibit
      A.

     

    
 

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      1.3 Payments
      on the Bonds of the 2007 Credit Agreement Series.

    

    Any
      payments received by the Agent on account of the principal of, or interest
      on,
      the bonds of the 2007 Credit Agreement Series shall be deemed to be and treated
      in all respects as payments of the Obligations, and such payments shall be
      distributed by the Agent in accordance with the applicable provisions of the
      Credit Agreement.

    

    ARTICLE
      II

    

    NO
      TRANSFER OF BOND; SURRENDER OF BOND

    

    Section
      2.1 No
      Transfer of the Bonds of the 2007 Credit Agreement Series.

    

    The
      Agent
      shall not sell, assign or otherwise transfer any of the bonds of the 2007 Credit
      Agreement Series delivered to it under this Agreement except to a successor
      administrative agent under the Credit Agreement. The Company may take such
      actions as it shall deem necessary, desirable or appropriate to effect
      compliance with such restrictions on transfer, including the issuance of
      stop-transfer instructions to the trustees under the Indenture or any other
      transfer agent thereunder.

    

    Section
      2.2 Surrender
      of the Bonds of the 2007 Credit Agreement Series.

    

    The
      Agent
      shall surrender the bonds of the 2007 Credit Agreement Series to the Trustee
      for
      cancellation when each of the Borrower Sublimit and the Borrower Credit Exposure
      of the Company have been reduced to zero and all fees and other amounts payable
      by the Company pursuant to the Credit Agreement with respect to the Obligations
      of the Company shall have been duly paid.

    

    Upon
      any
      permanent reduction of the greater of the Company’s Borrower Sublimit and the
      Company’s Borrower Credit Exposure pursuant to the terms of the Credit
      Agreement, the Agent shall promptly confirm such reduction to the CILCO
      Trustee.

    

    ARTICLE
      III

    

    GOVERNING
      LAW

    

    THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
      LAWS OF THE STATE OF NEW YORK.

    

    [SIGNATURE
      PAGE FOLLOWS]

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    IN
      WITNESS WHEREOF, the Company and the Agent have caused this Agreement to be
      executed and delivered as of the date first above written. 

    

    

    CENTRAL
      ILLINOIS LIGHT COMPANY

    

    

    By:

    ____________________________

    Name:

    Title:

     

     

    JPMORGAN
      CHASE BANK, N.A., 

    as
      Administrative Agent

     

     

    By:

    ____________________________

    Name:

    Title:

     

    

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    Exhibit
      A

    

    Delivery
      of Bonds of the 2007 Credit Agreement Series

    Certificate
      and Receipt 

    

    

    The
      undersigned authorized officer of Central Illinois Light Company (the “Company”)
      hereby certifies to JPMorgan Chase Bank, N.A., as administrative agent (the
      "Agent") under the Bond Delivery Agreement (the “Bond Delivery Agreement”) dated
      ____, 2007 between the Company and the Agent as follows. Capitalized terms
      used
      in this certificate have the meanings given such terms in the Bond Delivery
      Agreement.

    

    1.
      As of
      the date hereof, the Company has requested an increase in its Borrower Sublimit
      under the Credit Agreement to $___________, resulting in a Borrower Sublimit
      of
      $___________________.

    

    2.
      As of
      the date hereof, the aggregate principal amount of the bonds of 2007 Credit
      Agreement Series required under the Credit Agreement to be delivered to the
      Agent is $_________, taking into account the aggregate principal amount of
      bonds
      of the 2007 Credit Agreement Series (if any) previously delivered
      thereunder.

    

    3.
      Accompanying this certificate is one or more bond certificates (certificate
      number(s) R- __) in the aggregate principal amount identified in paragraph
      2
      hereof duly executed and authenticated and hereby delivered to the Agent under
      the Bond Delivery Agreement and the Credit Agreement.

    

    

    Dated:___________                                                                             
      CENTRAL
      ILLINOIS LIGHT COMPANY

    

     

    By________________________________

    

    

    RECEIPT

    

    The
      Agent
      hereby acknowledges receipt of the bonds of the 2007 Credit Agreement Series
      Bonds identified above and accepts the same under the Bond Delivery
      Agreement.

    

    

    JPMORGAN
      CHASE BANK, N.A., 

    as
      administrative agent 

    

    

    By_________________________________

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      J-2

    FORM
      OF

    CIPS
      BOND
      DELIVERY AGREEMENT

    

    

    

    

    

    

    

    

    

    BOND
      DELIVERY AGREEMENT

    

    

    

    CENTRAL
      ILLINOIS PUBLIC SERVICE COMPANY

    

    

    

    

    to

    

    

    

    

    JPMORGAN
      CHASE BANK, N.A., AS AGENT

    

    

    

    

    

    

    

    

    Dated
      as
      of ____________ 2007

    

    

    Relating
      to

    

    Mortgage
      Bonds, 2007 Credit Agreement Series

    

    Due
      January 14, 2010

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    BOND
      DELIVERY AGREEMENT (this 

    "Agreement"),
      dated as of ____________, 2007, is 

    between
      Central Illinois Public Service Company 

    (the
      "Company"), and JPMorgan Chase Bank, N.A., 

    as
      administrative agent (the "Agent") under the 

    Credit
      Agreement (as amended, supplemented or 

    otherwise
      modified from time to time, the "Credit 

    Agreement")
      dated as of February 9, 2007 among 

    the
      Company, the other Borrowers thereunder, the 

    lenders
      party thereto (the "Lenders"), and the 

    Agent.

    

    WHEREAS,
      the Company has entered into the Credit Agreement and may from time to time
      make
      borrowings and obtain letters of credit thereunder in accordance with the
      provisions thereof;

    

    WHEREAS,
      the Company has established its Mortgage Bonds, 2007 Credit Agreement Series,
      due January 14, 2010 (whether one or more, the "bonds of the 2007 Credit
      Agreement Series"), to be issued under and in accordance with the CIPS
      Supplemental Indenture (such term and each other capitalized term used but
      not
      otherwise defined herein having the meaning assigned in the Credit Agreement);
      and

    

    WHEREAS,
      the Company may from time to time increase its Borrower Sublimit upon the
      delivery of additional bonds of the 2007 Credit Agreement Series;
      and

    

    WHEREAS,
      the Company proposes to issue and deliver to the Agent, for the benefit of
      the
      Lenders, from time to time bonds of the 2007 Credit Agreement Series in order
      to
      evidence and secure the Obligations of the Company.

    

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration (the receipt and sufficiency of which are hereby acknowledged),
      the Company and the Agent hereby agree as follows:

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    ARTICLE
      I

    

    THE
      BONDS

    

    Section
      1.1 Bonds
      of the 2007 Credit Agreement Series.

    

    In
      order
      to evidence and secure the Obligations of the Company and to provide the Lenders
      the benefit of the lien of the Indenture with respect to the bonds of the 2007
      Credit Agreement Series, the Company will from time to time deliver to the
      Agent
      one or more bond certificates of the bonds of the 2007 Credit Agreement Series
      in an aggregate amount required by the Credit Agreement, not to exceed
      $135,000,000, each maturing on January 14, 2010 and bearing interest as provided
      in the CIPS Supplemental Indenture. The obligation of the Company to make
      payments with respect to principal under the Credit Agreement shall not give
      rise to an obligation to pay principal of the bond of the 2007 Credit Agreement
      Series except on the Maturity Date of the Company or upon redemption of the
      bonds of the 2007 Credit Agreement Series. If at any time any permanent
      reduction of the Borrower Sublimit of the Company or the Borrower Credit
      Exposure of the Company shall result in the aggregate principal of the bonds
      of
      the 2007 Credit Agreement Series issued to and held by the Agent being greater
      than the greater of the Borrower Sublimit and the Borrower Credit Exposure,
      a
      payment obligation with respect to the principal of the bonds of the 2007 Credit
      Agreement Series in the amount of such excess shall be deemed discharged upon
      the effectiveness of such permanent reduction. No payment of principal under
      the
      Credit Agreement shall reduce the principal amount of the bonds of the 2007
      Credit Agreement Series to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure, all as set forth in the bond
      certificates and in the CIPS Supplemental Indenture.

    

    The
      bonds
      of the 2007 Credit Agreement Series will be registered in the name of the Agent
      and shall be owned and held by the Agent, for the benefit of the Lenders and
      the
      other secured parties in respect of the Obligations, subject to the provisions
      of this Agreement and the CIPS Indenture and the Company shall have no interest
      therein. The Agent shall be entitled to exercise all rights of a bondholder
      under the CIPS Indenture with respect to the Bond. 

    

    Section
      1.2 Delivery
      of the bonds of the 2007 Credit Agreement Series.

    

    The
      Company will deliver bonds of the 2007 Credit Agreement Series to the Agent
      in
      the amounts and on the dates provided in the Credit Agreement. Such delivery
      shall be made by delivery of a certificate in the form attached as
      Exhibit A hereto.
      The Agent shall acknowledge receipt of the bonds of the 2007 Credit Agreement
      Series so delivered as provided in Exhibit
      A.

     

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
 

    Section
      1.3 Payments
      on the Bonds of the 2007 Credit Agreement Series.

    

    Any
      payments received by the Agent on account of the principal of, or interest
      on,
      the bonds of the 2007 Credit Agreement Series shall be deemed to be and treated
      in all respects as payments of the Obligations, and such payments shall be
      distributed by the Agent in accordance with the applicable provisions of the
      Credit Agreement.

    

    ARTICLE
      II

    

    NO
      TRANSFER OF BOND; SURRENDER OF BOND

    

    Section
      2.1 No
      Transfer of the Bonds of the 2007 Credit Agreement Series.

    

    The
      Agent
      shall not sell, assign or otherwise transfer any of the bonds of the 2007 Credit
      Agreement Series delivered to it under this Agreement except to a successor
      administrative agent under the Credit Agreement. The Company may take such
      actions as it shall deem necessary, desirable or appropriate to effect
      compliance with such restrictions on transfer, including the issuance of
      stop-transfer instructions to the trustees under the Indenture or any other
      transfer agent thereunder.

    

    Section
      2.2 Surrender
      of the Bonds of the 2007 Credit Agreement Series.

    

    The
      Agent
      shall surrender the bonds of the 2007 Credit Agreement Series to the Trustee
      for
      cancellation when each of the Borrower Sublimit and the Borrower Credit Exposure
      of the Company have been reduced to zero and all fees and other amounts payable
      by the Company pursuant to the Credit Agreement with respect to the Obligations
      of the Company shall have been duly paid.

    

    Upon
      any
      permanent reduction of the greater of the Company’s Borrower Sublimit and the
      Company’s Borrower Credit Exposure pursuant to the terms of the Credit
      Agreement, the Agent shall promptly confirm such reduction to the CIPS
      Trustee.

    

    ARTICLE
      III

    

    GOVERNING
      LAW

    

    THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
      LAWS OF THE STATE OF NEW YORK.

    

    [SIGNATURE
      PAGE FOLLOWS]

    

    
 

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company and the Agent have caused this Agreement to be
      executed and delivered as of the date first above written. 

    

    

    CENTRAL
      ILLINOIS PUBLIC SERVICE COMPANY

    

    

    By:

    ____________________________

    Name:

    Title:

     

     

    JPMORGAN
      CHASE BANK, N.A., 

    as
      Administrative Agent

     

     

    By:

    ____________________________

    Name:

    Title:

     

    

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

    Exhibit
      A

    

    Delivery
      of Bonds of the 2007 Credit Agreement Series

    Certificate
      and Receipt 

    

    The
      undersigned authorized officer of Central Illinois Public Service Company (the
      “Company”) hereby certifies to JPMorgan Chase Bank, N.A., as administrative
      agent (the "Agent") under the Bond Delivery Agreement (the “Bond Delivery
      Agreement”) dated ____, 2007 between the Company and the Agent as follows.
      Capitalized terms used in this certificate have the meanings given such terms
      in
      the Bond Delivery Agreement.

    

    1.
      As of
      the date hereof, the Company has requested an increase in its Borrower Sublimit
      under the Credit Agreement to $___________, resulting in a Borrower Sublimit
      of
      $___________________.

    

    2.
      As of
      the date hereof, the aggregate principal amount of the bonds of 2007 Credit
      Agreement Series required under the Credit Agreement to be delivered to the
      Agent is $_________, taking into account the aggregate principal amount of
      bonds
      of the 2007 Credit Agreement Series (if any) previously delivered
      thereunder.

    

    3.
      Accompanying this certificate is one or more bond certificates (certificate
      number(s) R- __) in the aggregate principal amount identified in paragraph
      2
      hereof duly executed and authenticated and hereby delivered to the Agent under
      the Bond Delivery Agreement and the Credit Agreement.

    

    

    Dated:___________                                                                      
      CENTRAL
      ILLINOIS PUBLIC SERVICE 

    COMPANY

    

    

            By________________________________

    

    

    RECEIPT

    

    The
      Agent
      hereby acknowledges receipt of the bonds of the 2007 Credit Agreement Series
      Bonds identified above and accepts the same under the Bond Delivery
      Agreement.

     

    JPMORGAN
      CHASE BANK, N.A., 

             as
      administrative agent 

    

    By________________________________

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      J-3

    FORM
      OF

    IP
      BOND
      DELIVERY AGREEMENT

    

    

    

    

    

    

    

    

    

    BOND
      DELIVERY AGREEMENT

    

    

    

    ILLINOIS
      POWER COMPANY

    

    

    

    

    to

    

    

    

    

    JPMORGAN
      CHASE BANK, N.A., AS AGENT

    

    

    

    

    

    

    

    

    Dated
      as
      of _____________, 2007

    

    

    Relating
      to

    

    Mortgage
      Bonds, 2007 Credit Agreement Series

    

    Due
      January 14, 2010

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    BOND
      DELIVERY AGREEMENT (this 

    "Agreement"),
      dated as of __________, 2007, is 

    between
      Illinois Power Company (the "Company"), 

    and
      JPMorgan Chase Bank, N.A., as administrative 

    agent
      (the "Agent") under the Credit Agreement (as 

    amended,
      supplemented or otherwise modified from 

    time
      to
      time, the "Credit Agreement") dated as of 

    February
      9, 2007 among the Company, the other 

    Borrowers
      thereunder, the lenders party thereto (the 

    "Lenders"),
      and the Agent.

    

    WHEREAS,
      the Company has entered into the Credit Agreement and may from time to time
      make
      borrowings and obtain letters of credit thereunder in accordance with the
      provisions thereof;

    

    WHEREAS,
      the Company has established its Mortgage Bonds, 2007 Credit Agreement Series,
      due January 14, 2010 in the aggregate principal amount of $200,000,000 (whether
      one or more, the "Bond"), to be issued under and in accordance with the IP
      Supplemental Indenture (such term and each other capitalized term used but
      not
      otherwise defined herein having the meaning assigned in the Credit Agreement);
      and

    

    WHEREAS,
      the Company proposes to issue and deliver to the Agent, for the benefit of
      the
      Lenders, the Bond in order to provide the Bond as evidence of and to secure
      the
      Obligations of the Company.

    

    NOW,
      THEREFORE, in consideration of the premises and for other good and valuable
      consideration (the receipt and sufficiency of which are hereby acknowledged),
      the Company and the Agent hereby agree as follows: 

    

    ARTICLE
      I

    

    THE
      BONDS

    

    Section
      1.1 Delivery
      of Bond.

    

    In
      order
      to evidence and secure the Obligations of the Company and to provide the Lenders
      the benefit of the lien of the Indenture with respect to the Bond, the Company
      hereby delivers to the Agent the Bond in the aggregate principal amount of
      $200,000,000, maturing on January 14, 2010 and bearing interest as provided
      in
      the IP Supplemental Indenture. The obligation of the Company to make payments
      with respect to principal under the Credit Agreement shall not give rise to
      an
      obligation to pay principal of the Bond except on the Maturity Date of the
      Company or upon redemption of the Bond. If at any time any permanent reduction
      of the Borrower Sublimit of the Company or the Borrower Credit Exposure of
      the
      Company shall result in the principal of 

     

     

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    the
      Bond
      being greater than the greater of the Borrower Sublimit and the Borrower Credit
      Exposure, a payment obligation with respect to the principal of the Bond in
      the
      amount of such excess shall be deemed discharged upon the effectiveness of
      such
      permanent reduction. No payment of principal under the Credit Agreement shall
      reduce the principal amount of the Bond to an amount less than the greater
      of
      the Borrower Sublimit and the Borrower Credit Exposure, all as set forth in
      the
      Bond and in the IP Supplemental Indenture.

    

    The
      Bond
      is registered in the name of the Agent and shall be owned and held by the Agent,
      for the benefit of the Lenders and the other secured parties in respect of
      the
      Obligations, subject to the provisions of this Agreement and the IP Indenture
      and the Company shall have no interest therein. The Agent shall be entitled
      to
      exercise all rights of a bondholder under the IP Indenture with respect to
      the
      Bond.

    

    The
      Agent
      hereby acknowledges receipt of the Bond.

    

    Section
      1.2 Payments
      on the Bond.

    

    Any
      payments received by the Agent on account of the principal of, or interest
      on,
      the Bond shall be deemed to be and treated in all respects as payments of the
      Obligations, and such payments shall be distributed by the Agent in accordance
      with the applicable provisions of the Credit Agreement.

    

    ARTICLE
      II

    

    NO
      TRANSFER OF BOND; SURRENDER OF BOND

    

    Section
      2.1 No
      Transfer of the Bond.

    

    The
      Agent
      shall not sell, assign or otherwise transfer the Bond delivered to it under
      this
      Agreement except to a successor administrative agent under the Credit Agreement.
      The Company may take such actions as it shall deem necessary, desirable or
      appropriate to effect compliance with such restrictions on transfer, including
      the issuance of stop-transfer instructions to the trustees under the Indenture
      or any other transfer agent thereunder.

    

    Section
      2.2 Surrender
      of the Bond.

    

    The
      Agent
      shall surrender the Bond to the Trustee for cancellation when each of the
      Borrower Sublimit and the Borrower Credit Exposure of the Company have been
      reduced to zero and all fees and other amounts payable by the Company pursuant
      to the Credit Agreement with respect to the Obligations of the Company shall
      have been duly paid.

     

    
 

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Upon
      any
      permanent reduction of the greater of the Company’s Borrower Sublimit and the
      Company’s Borrower Credit Exposure pursuant to the terms of the Credit
      Agreement, the Agent shall promptly confirm such reduction to the IP
      Trustee.

    

    ARTICLE
      III

    

    GOVERNING
      LAW

    

    THIS
      AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL
      LAWS OF THE STATE OF NEW YORK.

    

    [SIGNATURE
      PAGE FOLLOWS]

    

     

    
      
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    IN
      WITNESS WHEREOF, the Company and the Agent have caused this Agreement to be
      executed and delivered as of the date first above written. 

    

    

    ILLINOIS
      POWER COMPANY

    

    

    By:

    ____________________________

    Name:

    Title:

     

     

    JPMORGAN
      CHASE BANK, N.A., 

    as
      Administrative Agent

     

     

    By:

    ____________________________

    Name:

    Title:

    

    

    

    

    
      
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        EXHIBIT
      K-1 

    FORM
      OF

    CILCO
      SUPPLEMENTAL INDENTURE

     

    When
      recorded mail to:

     

    
      	
               

              Craig
                W. Stensland

              Central
                Illinois Light Company

              One
                Ameren Plaza (MC 1310)

              1901
                Chouteau Avenue

              St.
                Louis, MO 63103

            	 

    

    

     

    
      	
              Indenture

               

            
	
              Between

               

            
	
              Central
                Illinois Light Company

               

            
	
              and

               

            
	
              Deutsche
                Bank Trust Company Americas,

               

            
	
              as
                successor Trustee under Indenture of Mortgage and Deed of Trust,
                dated as
                of April 1, 1933, between Illinois Power Company and Bankers Trust
                Company
                (predecessor of Deutsche Bank Trust Company Americas), as Trustee,
                as
                amended and supplemented by Indenture between the same parties, dated
                as
                of June 30, 1933, and as amended, supplemented and assumed by Indenture
                dated as of July 1, 1933, between Central Illinois Light Company
                and
                Bankers Trust Company (predecessor of Deutsche Bank Trust Company
                Americas), as Trustee, and as amended and supplemented by various
                Indentures between the same parties bearing subsequent dates.

               

            
	
              Dated
                as of _____ 1, 2007

               

            
	
              This
                instrument was prepared by Steven R. Sullivan, Senior Vice President,
                General Counsel and Secretary of Central Illinois Light Company,
                300
                Liberty Street, Peoria, Illinois 61602, (314) 554-2098.

               

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Indenture
      dated as of the 1st
      day of
      _______, 2007 (hereinafter sometimes referred to as this “Supplemental
      Indenture”), between Central Illinois Light Company, a corporation of the State
      of Illinois (hereinafter sometimes referred to as the “Company”), party of the
      first part, and Deutsche Bank Trust Company Americas, a corporation of the
      State
      of New York, as successor Trustee (hereinafter sometimes referred to as the
      “Trustee”), party of the second part, under the Indenture of Mortgage and Deed
      of Trust between Illinois Power Company and Bankers Trust Company (predecessor
      of Deutsche Bank Trust Company Americas), as Trustee, dated as of April 1,
      1933,
      as amended and supplemented by Indenture between said Illinois Power Company
      and
      said Bankers Trust Company (predecessor of Deutsche Bank Trust Company
      Americas), dated as of June 30, 1933, and as amended, supplemented and assumed
      by Indenture between the Company and said Bankers Trust Company (predecessor
      of
      Deutsche Bank Trust Company Americas), dated as of July 1, 1933, and as amended
      and supplemented by various Indentures between the Company and said Bankers
      Trust Company (predecessor of Deutsche Bank Trust Company Americas) bearing
      subsequent dates (said Indenture of Mortgage and Deed of Trust as amended,
      supplemented and assumed being hereinafter sometimes referred to as the
“Indenture”).

     

    WHEREAS,
      the Indenture provides for the issuance of bonds thereunder in one or more
      series, the form of which series of bonds to be substantially in the form set
      forth therein with such insertions, omissions and variations as the Board of
      Directors of the Company may determine; and

     

    WHEREAS,
      the Company has entered into a Credit Agreement, dated as of February9, 2007
      (as
      amended or otherwise modified from time to time, the “Credit Agreement”) by and
      among the Company, Central Illinois Public Service Company, Illinois Power
      Company, AmerenEnergy Resources Generating Company and CILCORP Inc., as
      borrowers, the lenders from time to time party thereto (the “Lenders”) and
      JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Agent”) for the Lenders, providing for the making of certain financial
      accommodations thereunder to the Company, and pursuant to such Credit Agreement,
      the Company has agreed to issue to the Agent, as evidence of and security for
      the Obligations (as such term is defined in the Credit Agreement) of the Company
      (the “Company Obligations”), a new series of bonds under the Indenture;
      and

     

    WHEREAS,
      for such purposes, the Company, by appropriate corporate action in conformity
      with the terms of the Indenture, has duly determined to create a series of
      bonds
      under the Indenture to be designated as “First Mortgage Bonds, 2007 Credit
      Agreement Series” (hereinafter sometimes referred to as the “bonds of the 2007
      Credit Agreement Series”), the bonds of which series are to be issued as
      registered bonds without coupons and are to bear interest as specified in the
      form of bond of the 2007 Credit Agreement Series set forth below and are to
      mature, subject to prior acceleration and redemption, on the Maturity Date
      (as
      such term is defined in the Credit Agreement); and

     

    WHEREAS,
      the bonds of 2007 Credit Agreement Series shall be issued to the Agent as
      evidence of and security for the Company Obligations under the Credit Agreement;
      and

     

    WHEREAS,
      the definitive registered bonds without coupons of the 2007 Credit Agreement
      Series (certain of the provisions of which may be printed on the reverse side
      thereof) and the 

     

     

    
      
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    Trustee’s
      certificate of authentication to be borne by such bonds are to be substantially
      in the following forms, respectively:

     

    

    [General
      Form of Registered Bond of the 2007 Credit Agreement Series]

     

    No.
      ____
         

     $________

     

    _______________

     

    Notwithstanding
      any provisions hereof or in the Indenture this Bond is not assignable or
      transferable except to a successor Agent appointed in accordance with the Credit
      Agreement, dated as of _______, 2007, hereinafter referred
      to.

     

    CENTRAL
      ILLINOIS LIGHT COMPANY

     

    First
      Mortgage Bond, 2007 Credit Agreement Series

     

    Illinois
      Commerce Commission

     

    Identification
      No.: Ill. C.C. [____]

     

    Central
      Illinois Light Company, a corporation of the State of Illinois (hereinafter
      called the “Company”), for value received, hereby promises to pay to JPMorgan
      Chase Bank, N.A., as administrative agent (in such capacity, the “Agent”) for
      the Lenders (as defined below) under the Credit Agreement, dated as of February
      9, 2007, by and among the Company, Central Illinois Public Service Company,
      Illinois Power Company, AmerenEnergy Resources Generating Company and CILCORP
      Inc., as borrowers, the lenders from time to time party thereto (the “Lenders”)
      and JPMorgan Chase Bank, N.A., as administrative agent (as amended or otherwise
      modified from time to time, the “Credit Agreement”), or registered assigns, the
      principal amount specified above or such lesser principal amount as shall be
      equal to the amount of the Borrower Credit Exposure (as defined in the Credit
      Agreement) of the Company outstanding on the Maturity Date (having at any time
      the meaning such term has at such time under the Credit Agreement) of the
      Company, but not in excess of the principal amount of this bond, and to pay
      interest thereon at the Interest Rate (as defined below) until the principal
      hereof is paid or duly made available for payment on the Maturity Date or in
      the
      event of redemption of this bond, until the redemption date.

     

    Interest
      on this bond shall be payable on each Interest Payment Date (as defined below),
      commencing on the first Interest Payment Date next succeeding the date of this
      bond. If the Maturity Date falls on a day which is not a Business Day, as
      defined below, principal and any interest and/or fees payable with respect
      to
      the Maturity Date will be paid on the next succeeding Business Day. The interest
      payable, and punctually paid or duly provided for, on any Interest Payment
      Date
      will, subject to certain exceptions provided in the Supplemental Indenture
      dated
      as of _________, 2007, hereinafter referred to, be paid to the person in whose
      name this bond (or one or more predecessor bonds) is registered at the close
      of
      business on the Record Date (as defined below); provided, however, that interest
      payable on the Maturity Date will be payable to the person to whom the principal
      hereof shall be payable. Should the Company default in the 

     

     

    
      
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    payment
      of interest (“Defaulted Interest”), the Defaulted Interest shall be paid to the
      person in whose name this bond is registered on the Record Date to be
      established by the Trustee for payment of such Defaulted Interest. As used
      herein, (A) “Business Day” shall have the meaning assigned thereto in the Credit
      Agreement; (B) “Interest Payment Date” shall mean each date on which Company
      Obligations constituting interest and/or fees are due and payable from time
      to
      time pursuant to the Credit Agreement; (C) “Interest Rate” shall mean a rate of
      interest per annum, adjusted as necessary, to result in an interest payment
      equal to the aggregate amount of Company Obligations constituting interest
      and
      fees of the Company due under the Credit Agreement on the applicable Interest
      Payment Date; and (D) “Record Date” with respect to any Interest Payment Date
      shall mean the day (whether or not a Business Day) immediately next preceding
      such Interest Payment Date.

     

    Both
      the
      principal of and the interest on this bond shall be payable, in immediately
      available funds, at the office of the Trustee hereinafter referred
      to.

     

    This
      bond
      is to be issued and delivered to the Agent in order to evidence and secure
      the
      obligations of the Company under the Credit Agreement to make payments to the
      Lenders under the Credit Agreement and to provide the Lenders the benefit of
      the
      lien of the Indenture with respect to the 2007 Credit Agreement Series
      Bonds.

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption hereof. If at any time any permanent reduction of the Borrower
      Sublimit (as defined in the Credit Agreement) of the Company or the Borrower
      Credit Exposure (as defined in the Credit Agreement) of the Company shall result
      in the principal of the 2007 Credit Agreement Series Bonds being greater than
      the greater of the Borrower Sublimit and the Borrower Credit Exposure, a payment
      obligation with respect to the principal of the 2007 Credit Agreement Series
      Bonds in the amount of such excess shall be deemed discharged upon the
      effectiveness of such permanent reduction. No payment of principal under the
      Credit Agreement shall reduce the principal amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

    The
      obligation of the Company to make payments with respect to the interest on
      this
      bond shall be fully or partially, as the case may be, satisfied and discharged
      to the extent that, at the time that any such payment shall be due, the then
      due
      interest and/or fees of the Company under the Credit Agreement shall have been
      fully or partially paid. Satisfaction of any obligation to the extent that
      payment is made with respect to the interest and/or fees of the Company under
      the Credit Agreement means that if any payment is made on the interest and/or
      fees of the Company under the Credit Agreement, a corresponding payment
      obligation with respect to the interest on this bond shall be deemed discharged
      in the same amount as such payment made on the interest and/or fees of the
      Company under the Credit Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      this bond, so far as such payments at the time have become due, has been fully
      satisfied and discharged pursuant to the foregoing paragraphs unless and until
      the Trustee shall have received a written notice from 

     

     

    
      
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    the
      Agent
      stating (i) that timely payment of principal of or interest on this bond has
      not
      been made, (ii) that the Company is in arrears as to the payments required
      to be
      made by it to the Agent in connection with the Company Obligations pursuant
      to
      the Credit Agreement, and (iii) the amount of the arrearage.

     

    This
      bond
      is one of an issue of bonds of the Company, issuable in series, and is one
      of a
      series known as its First Mortgage Bonds of the series designated in its title,
      all issued and to be issued under and equally secured (except as to any sinking
      fund established in accordance with the provisions of the Mortgage (defined
      below) for the bonds of any particular series) by an Indenture of Mortgage
      and
      Deed of Trust dated as of April 1, 1933, executed by Illinois Power Company
      to
      Bankers Trust Company (predecessor of Deutsche Bank Trust Company Americas)
      or
      its successor (hereinafter sometimes referred to as the “Trustee”)
      as
      Trustee, as amended by Indenture dated as of June 30, 1933, as assumed by the
      Company and as amended and supplemented by Indentures between the Company and
      the Trustee bearing subsequent dates, including the Indenture dated as of
      _______, 2007 (all of which indentures are herein collectively called the
“Mortgage”),
      to
      which reference is made for a description of the property mortgaged and pledged,
      the nature and extent of the security, the rights of the holders of the bonds
      in
      respect thereof and the terms and conditions upon which the bonds are
      secured.

     

    As
      more
      fully described in the supplemental indenture establishing the terms and
      provisions of the bonds of this series, the Company reserves the right, without
      any consent or other action by holders of the bonds of this series, to amend
      the
      Mortgage to provide that: the Mortgage, the rights and obligations of the
      Company and the rights of the bondholders may be modified with the consent
      of
      the holders of not less than 60% in principal amount of the bonds adversely
      affected; provided,
      however, that
      no
      modification shall (1) extend the time, or reduce the amount, of any payment
      on
      any bond, without the consent of the holder of each bond so affected, (2) permit
      the creation of any lien, not otherwise permitted, prior to or on a parity
      with
      the lien of the Mortgage, without the consent of the holders of all bonds then
      outstanding, or (3) reduce the above percentage of the principal amount of
      bonds
      the holders of which are required to approve any such modification without
      the
      consent of the holders of all bonds then outstanding.

     

    The
      principal hereof may be declared or may become due on the conditions, with
      the
      effect, in the manner and at the time set forth in the Mortgage, upon the
      occurrence of a completed default as in the Mortgage provided.

     

    This
      bond
      is not redeemable except upon written demand of the Agent following the
      occurrence of a Default by the Company under the Credit Agreement and the
      acceleration of the Company Obligations under the Credit Agreement.

     

    In
      the
      manner and upon payment of the charges prescribed in the Mortgage, registered
      bonds without coupons of this series may be exchanged for a like aggregate
      principal amount of fully registered bonds of other authorized denominations
      of
      the same series, upon presentation and surrender thereof, for cancellation,
      to
      the Trustee at its principal office in the Borough of Manhattan, The City of
      New
      York, New York.

     

    This
      bond
      shall not be assignable or transferable except to a successor Agent appointed
      in
      accordance with the Credit Agreement. Subject to the restriction on transfer
      of
      this bond 

     

     

    
      
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    hereinbefore
      set forth, this bond is transferable as prescribed in the Mortgage by the
      registered owner hereof in person, or by his duly authorized attorney, at the
      office or agency of the Company in the Borough of Manhattan, The City of New
      York, New York, upon surrender and cancellation of this bond, and, thereupon,
      a
      new fully registered bond of the same series for a like principal amount will
      be
      issued to the transferee in exchange therefor as provided in the Mortgage,
      and
      upon payment, if the Company shall require it, of the charges therein
      prescribed; provided, that the Company shall not be required to exchange any
      bonds of this series for a period of ten (10) days next preceding an Interest
      Payment Date with respect to such bonds.

     

    The
      Agent
      shall surrender this bond to the Trustee when each of the Borrower Sublimit
      and
      the Borrower Credit Exposure of the Company have been reduced to zero and all
      fees and other amounts payable by the Company pursuant to the Credit Agreement
      with respect to the Company Obligations shall have been duly paid.

     

    No
      recourse shall be had for the payment of the principal of or interest on this
      bond against any incorporator or any past, present or future subscriber to
      the
      capital stock, stockholder, officer or director of the Company or of any
      predecessor or successor corporation, either directly or through the Company
      or
      any predecessor or successor corporation, under any rule of law, statute or
      constitution or by the enforcement of any assessment or otherwise, all such
      liability of incorporators, subscribers, stockholders, officers and directors
      being released by the holder or owner hereof by the acceptance of this bond
      and
      being likewise waived and released by the terms of the Mortgage.

     

    This
      bond
      shall not become obligatory until Deutsche Bank Trust Company Americas, the
      Trustee under the Mortgage, or its successor thereunder, shall have signed
      the
      form of certificate endorsed hereon.

     

    IN
      WITNESS WHEREOF, Central Illinois Light Company has caused this bond to be
      signed in its name by its President or a Vice President by a facsimile of his
      signature and a facsimile of its corporate seal to be printed hereon, attested
      by its Secretary or an Assistant Secretary by a facsimile of his
      signature.

     

    
      	
              Dated:

               

            	 
	
              [Seal]

               

            	
              Central
                Illinois Light Company

               

            
	 	
              By__________________________________

              [President]

               

            
	
              Attest:

               

              ____________________________________

              [Secretary]

               

            	 

    

    

     

    
      
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    [Form
      of
      Trustee’s Certificate]

     

    This
      bond
      is one of the bonds of the series designated therein, described in the
      within-mentioned Mortgage.

     

    
      	 	
              Deutsche
                Bank Trust Company Americas, 

              as
                Trustee

               

              By
                Deutsche Bank National Trust Company

               

            
	 	
              By__________________________________

              Authorized
                Officer

            

    

    and

     

    WHEREAS,
      all things necessary to make the bonds of the 2007 Credit Agreement Series,
      when
      authenticated by the Trustee and issued as in the Indenture provided, the valid,
      binding and legal obligations of the Company, entitled in all respects to the
      security of the Indenture, have been done and performed, and the creation,
      execution and delivery of this Supplemental Indenture have in all respects
      been
      duly authorized; 

     

    WHEREAS,
      the Company and the Trustee deem it advisable to enter into this Supplemental
      Indenture for the purpose of describing the bonds of the 2007 Credit Agreement
      Series, and of providing the terms and conditions of redemption thereof;

     

    WHEREAS,
      the Company has reserved the right, without the consent or other action by
      the
      holders of the bond of each series that is outstanding as of the date hereof,
      to
      amend the Indenture to add a new Section 115A thereto as provided for herein;
      and

     

    WHEREAS,
      the Company by appropriate corporate action in conformity with the terms of
      the
      Indenture has elected to exercise such right to so amend the Indenture;

     

    NOW,
      THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH: That Central Illinois Light
      Company, in consideration of the premises and of one dollar to it duly paid
      by
      the Trustee at or before the unsealing and delivery of these presents, the
      receipt whereof is hereby acknowledged, and of the purchase and acceptance
      of
      the bonds issued or to be issued hereunder by the holders or registered owners
      thereof, and in order to secure the payment both of the principal and interest
      of all bonds at any time issued and outstanding under the Indenture, according
      to their tenor and effect, and the performance of all of the provisions of
      the
      Indenture and of said bonds, hath granted, bargained, sold, released, conveyed,
      assigned, transferred, pledged, set over and confirmed and by these presents
      doth grant, bargain, sell, release, convey, assign, transfer, pledge, set over
      and confirm unto Deutsche Bank Trust Company Americas, as Trustee, and to its
      successor or successors in said trust, and to it and their assigns forever,
      all
      the properties of the Company located in the State of Illinois, real, personal
      and mixed, tangible and intangible of the character described in the granting
      clauses of the aforesaid Indenture of Mortgage and Deed of Trust dated as of
      April 1, 1933 or in any indenture supplemental thereto acquired by the Company
      on or after the date of the execution and delivery of said Indenture of Mortgage
      and Deed of Trust (except any in said Indenture of Mortgage and Deed of Trust
      or
      in 

     

     

    
      
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    any
      indenture supplemental thereto expressly excepted) now owned or hereafter
      acquired by the Company and wheresoever situated.

     

    Together
      with all and singular the tenements, hereditaments and appurtenances belonging
      or in any wise appertaining to the aforesaid property or any part thereof,
      with
      the reversion and reversions, remainder and remainders and (subject to the
      provisions of Article XI of the Indenture) the tolls, rents, revenues, issues,
      earnings, income, product and profits thereof, and all the estate, right, title
      and interest and claim whatsoever, at law as well as in equity, which the
      Company now has or may hereafter acquire in and to the aforesaid property and
      franchises and every part and parcel thereof.

     

    To
      Have
      and to Hold all such properties, real, personal and mixed, mortgaged, pledged
      or
      conveyed by the Company as aforesaid, or intended so to be, unto the Trustee
      and
      its successors and assigns forever.

     

    In
      Trust,
      Nevertheless, upon the terms and trusts of the Indenture, for those who shall
      hold the bonds and coupons issued and to be issued thereunder, or any of them,
      without preference, priority or distinction as to lien of any of said bonds
      and
      coupons over any others thereof by reason of priority in the time of the issue
      or negotiation thereof, or otherwise howsoever, subject, however, to the
      provisions in reference to extended, transferred or pledged coupons and claims
      for interest set forth in the Indenture (and subject to any sinking funds that
      may be created for the benefit of any particular series).

     

    Provided,
      However,
      and
      these presents are upon the condition that, if the Company, its successors
      or
      assigns, shall pay or cause to be paid, the principal of and interest on said
      bonds, at the times and in the manner stipulated therein and herein, and shall
      keep, perform and observe all and singular the covenants and promises in said
      bonds and in the Indenture expressed to be kept, performed and observed by
      or on
      the part of the Company, then this Supplemental Indenture and the estate and
      rights hereby granted shall cease, determine and be void, otherwise to be and
      remain in full force and effect.

     

    It
      Is
      Hereby Covenanted, Declared and Agreed by the Company that all such bonds and
      coupons, if any, are to be issued, authenticated and delivered, and that all
      property subject or to become subject hereto is to be held, subject to the
      further covenants, conditions, uses and trusts in the Indenture set forth,
      and
      the Company, for itself and its successors and assigns, does hereby covenant
      and
      agree to and with the Trustee and its successor or successors in such trust,
      for
      the benefit of those who shall hold said bonds and interest coupons, or any
      of
      them, as follows:

     

    Section
      1. The
      bonds
      of the 2007 Credit Agreement Series shall mature, subject to prior acceleration
      and redemption, on the Maturity Date (having at any time the meaning such term
      has at such time under the Credit Agreement) of the Company, shall bear interest
      from their date as set forth in the form of bond hereinbefore set forth, and
      shall be designated as the Company’s First Mortgage Bonds of the series
      hereinbefore set forth. Both principal of and interest on the bonds shall be
      payable in lawful money of the United States of America at the office of the
      Trustee hereinafter mentioned. Each bond of 2007 Credit Agreement Series shall
      be dated as of the Interest Payment Date (as defined below) thereof to which
      interest was paid next preceding the date of issue, unless (a) issued on an
      Interest Payment Date thereof to which interest was 

     

     

    
      
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    paid,
      in
      which event it shall be dated as of such issue date, or (b) issued prior to
      the
      occurrence of the first Interest Payment Date thereof to which interest was
      paid, in which event it shall be dated the date of original
      issuance.

     

    Definitive
      bonds of the 2007 Credit Agreement Series will be issued, originally or
      otherwise, only as registered bonds without coupons in the name of the Agent
      as
      evidence of and security for the Company Obligations under the Credit Agreement;
      and they and the Trustee’s certificate of authentication shall be substantially
      in the forms hereinbefore recited, respectively. 

     

    The
      bonds
      of the 2007 Credit Agreement Series shall not be assignable or transferable
      except to a successor Agent appointed in accordance with the Credit Agreement.
      Subject to the restriction on transfer of the bonds of the 2007 Credit Agreement
      Series hereinbefore set forth, and in the manner and upon payment of the charges
      prescribed in the Indenture, registered bonds without coupons of the 2007 Credit
      Agreement Series may be exchanged for a like aggregate principal amount of
      fully
      registered bonds of other authorized denominations of the same series, upon
      presentation and surrender thereof for cancellation, to the Trustee at its
      principal office in the Borough of Manhattan, The City of New York, New York;
      provided, that the Company shall not be required to exchange any bonds of the
      2007 Credit Agreement Series for a period of ten (10) days next preceding an
      Interest Payment Date with respect to such bonds. However, notwithstanding
      the
      provisions of Section 14 of the Indenture, no charge shall be made upon any
      transfer or exchange of bonds of said series other than for any tax or taxes
      or
      other governmental charge required to be paid by the Company.

     

    Except
      as
      set forth herein, the bonds of the 2007 Credit Agreement Series are not
      redeemable. Upon the occurrence of a Default by the Company under the Credit
      Agreement and the acceleration of the Company Obligations, the bonds of the
      2007
      Credit Agreement Series shall be redeemable in whole upon receipt by the Trustee
      of a written demand from the Agent stating that there has occurred under the
      Credit Agreement both a Default by the Company and a declaration of acceleration
      of the Company Obligations and demanding redemption of the bonds of 2007 Credit
      Agreement Series (including a description of the amount of principal, interest,
      fees, cash collateralization obligations and other amounts which comprise such
      Company Obligations). The Company waives any right it may have to prior notice
      of such redemption under the Indenture and any other notice required under
      the
      Indenture, including notice to be given by the Company, shall be deemed
      satisfied by the notice given by the Agent as aforesaid. Upon surrender of
      the
      bonds of the 2007 Credit Agreement Series by the Agent to the Trustee, the
      bonds
      of 2007 Credit Agreement Series shall be redeemed at a redemption price equal
      to
      the aggregate amount of the Company Obligations.

     

    Section
      2. The
      principal amount of bonds of the 2007 Credit Agreement Series outstanding from
      time to time shall always be equal to the greater of (i) the Company’s Borrower
      Sublimit (as defined in the Credit Agreement, without giving effect to clause
      (ii) of such definition) and (ii) the Borrower Credit Exposure (as defined
      in
      the Credit Agreement) of the Company on the Maturity Date, but not in excess
      of
      $150,000,000. Under the Credit Agreement, the Company must at any time it
      increases its Borrower Sublimit deliver additional bonds of the 2007 Credit
      Agreement Series in an amount such that the requirement of the preceding
      sentence is at that time satisfied. Upon submission of the appropriate
      certificates and opinions as required under 

     

     

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    the
      Indenture, the Company may so issue and the Trustee shall authenticate from
      time
      to time bonds of the 2007 Credit Agreement Series at any time on or prior to
      January 14, 2010.

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption as provided in this Supplemental Indenture. If at any time
      any
      permanent reduction of the Borrower Sublimit of the Company or the Borrower
      Credit Exposure of the Company shall result in the principal of the 2007 Credit
      Agreement Series Bonds being greater than the greater of the Borrower Sublimit
      and the Borrower Credit Exposure, a payment obligation with respect to the
      principal of the 2007 Credit Agreement Series Bonds in the amount of such excess
      shall be deemed discharged upon the effectiveness of such permanent reduction.
      No payment of principal under the Credit Agreement shall reduce the principal
      amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

    The
      obligation of the Company to make payments with respect to the interest on
      the
      bonds of 2007 Credit Agreement Series shall be fully or partially, as the case
      may be, satisfied and discharged to the extent that, at the time that any such
      payment shall be due, the then due interest and/or fees of the Company under
      the
      Credit Agreement shall have been fully or partially paid. Satisfaction of any
      obligation to the extent that payment is made with respect to the interest
      and/or fees of the Company under the Credit Agreement means that if any payment
      is made on the interest and/or fees of the Company under the Credit Agreement,
      a
      corresponding payment obligation with respect to the interest on the bonds
      of
      2007 Credit Agreement Series shall be deemed discharged in the same amount
      as
      such payment made on the interest and/or fees of the Company under the Credit
      Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      the bonds of 2007 Credit Agreement Series, so far as such payments at the time
      have become due, has been fully satisfied and discharged pursuant to the
      foregoing paragraphs unless and until the Trustee shall have received a written
      notice from the Agent stating (i) that timely payment of principal of or
      interest on the bonds of 2007 Credit Agreement Series has not been made, (ii)
      that the Company is in arrears as to the payments required to be made by it
      to
      the Agent in connection with the Company Obligations pursuant to the Credit
      Agreement, and (iii) the amount of the arrearage.

     

    As
      used
      herein, (A) “Business
      Day”
shall
      have the meaning assigned thereto in the Credit Agreement; (B) “Interest
      Payment Date”
shall
      mean each date on which Company Obligations constituting interest and/or fees
      are due and payable from time to time pursuant to the Credit Agreement; (C)
      “Interest
      Rate”
shall
      mean a rate of interest per annum, adjusted as necessary, to result in an
      interest payment equal to the aggregate amount of Company Obligations
      constituting interest and fees of the Company due under the Credit Agreement
      on
      the applicable Interest Payment Date; and (D) “Record
      Date”
with
      respect to any Interest Payment Date shall mean the day (whether or not a
      Business Day) immediately next preceding such Interest Payment
      Date.

     

    At
      any
      time that a bond of the 2007 Credit Agreement Series is surrendered to the
      Trustee other than in connection with the redemption thereof, in connection
      with
      the Trustee’s enforcement of rights after a completed default under the Mortgage
      or in connection with the exchange of that 

     

     

    
      
        10

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    bond
      as
      provided in Section 1 hereof, such bond shall be cancelled by the Trustee and
      shall be treated for all intents and purposes as if it has never been issued.
      In
      the event that only a portion of a bond of the 2007 Credit Agreement Series
      is
      so surrendered, the Trustee shall deliver without charge to the Agent a new
      bond
      of the 2007 Credit Agreement Series in an aggregate principal amount equal
      to
      the difference between the principal amount of the portion of the bond of the
      2007 Credit Agreement Series so surrendered and the principal amount of such
      bond prior to such surrender.

     

    As
      provided in Section 8.4 of the Credit Agreement, the Agent shall surrender
      the
      bonds of 2007 Credit Agreement Series to the Trustee for cancellation when
      each
      of the Borrower Sublimit and the Borrower Credit Exposure of the Company have
      been reduced to zero and all fees and other amounts payable by the Company
      pursuant to the Credit Agreement with respect to the Company Obligations shall
      have been duly paid.

     

    Section
      3. Pursuant
      to the right retained by the Company in each supplemental indenture pursuant
      to
      which all bonds outstanding as of the date hereof were issued, the Indenture
      is
      hereby amended by inserting the following language as Section 115A immediately
      following current Section 115 of the Indenture:

     

    “Section
      115A. With the consent of the holders of not less than sixty per centum (60%)
      in
      principal amount of the bonds at the time outstanding or their attorneys-in-fact
      duly authorized, or, if the rights of the holders of one or more, but not all,
      series then outstanding are affected, the consent of the holders of not less
      than sixty per centum (60%) in aggregate principal amount of the bonds at the
      time outstanding of all affected series, taken together, and not any other
      series, the Company, when authorized by a resolution, and the Trustee may from
      time to time and at any time enter into an indenture or indentures supplemental
      hereto for the purpose of adding any provisions to or changing in any manner
      or
      eliminating any of the provisions of this Indenture or of any supplemental
      indenture or modifying the rights and obligations of the Company and the rights
      of the holders of any of the bonds and coupons; provided,
      however,
      that no
      such supplemental indenture shall (1) extend the maturity of any of the bonds
      or
      reduce the rate or extend the time of payment of interest thereon, or reduce
      the
      amount of the principal thereof, or reduce any premium, payable on the
      redemption thereof or change the coin or currency in which any bond or interest
      thereon is payable, without the consent of the holder of each bond so affected,
      or (2) permit the creation of any lien, not otherwise permitted, prior to or
      on
      a parity with the lien of this Indenture, without the consent of the holders
      of
      all the bonds then outstanding, or (3) reduce the aforesaid percentage of the
      principal amount of bonds the holders of which are required to approve any
      such
      supplemental indenture, without the consent of the holders of all the bonds
      then
      outstanding. For the purposes of this Section, bonds shall be deemed to be
      affected by a supplemental indenture if such supplemental indenture adversely
      affects or diminishes the rights of holders thereof against the Company or
      against its property. 

     

    
      
        11

      

      
        
        

        
          

        

      

      
        
        

      

    

    Upon
      the
      written request of the Company, accompanied by a resolution authorizing the
      execution of any such supplemental indenture, and upon the filing with the
      Trustee of evidence of the consent of bondholders as aforesaid (the instrument
      or instruments evidencing such consent to be dated within one year of such
      request), the Trustee shall join with the Company in the execution of such
      supplemental indenture unless such supplemental indenture affects the Trustee’s
      own rights, duties or immunities under this Indenture or otherwise, in which
      case the Trustee may in its discretion but shall not be obligated to enter
      into
      such supplemental indenture. The Trustee shall be entitled to receive and,
      subject to Section 102 of the Indenture and Article Four of the Supplemental
      Indenture dated as of April 1, 1940, may rely upon, an opinion of counsel as
      conclusive evidence that any such supplemental indenture is authorized or
      permitted by the provisions of this Section. 

     

    It
      shall
      not be necessary for the consent of the bondholders under this Section to
      approve the particular form of any proposed supplemental indenture, but
      it

    shall
      be
      sufficient if such consent shall approve the substance thereof. 

     

    The
      Company and the Trustee, if they so elect, and either before or after such
      60%
      or greater consent has been obtained, may require the holder of any bond
      consenting to the execution of any such supplemental indenture to submit his
      bond to the Trustee or to such bank, banker or trust company as may be
      designated by the Trustee for the purpose, for the notation thereon of the
      fact
      that the holder of such bond has consented to the execution of such supplemental
      indenture, and in such case such notation, in form satisfactory to the Trustee,
      shall be made upon all bonds so submitted, and such bonds bearing such notation
      shall forthwith be returned to the persons entitled thereto. All subsequent
      holders of bonds bearing such notation shall be deemed to have consented to
      the
      execution of such supplemental indenture, and consent, once given or deemed
      to
      be given, may not be withdrawn. 

     

    Prior
      to
      the execution by the Company and the Trustee of any supplemental indenture
      pursuant to the provisions of this Section, the Company shall publish a notice,
      setting forth in general terms the substance of such supplemental indenture,
      at
      least once in one daily newspaper of general circulation in each city in which
      the principal of any of the bonds shall be payable, or, if all bonds outstanding
      shall be registered bonds without coupons or coupon bonds registered as to
      principal, such notice shall be sufficiently given if mailed, first class,
      postage prepaid, and registered if the Company so elects, to each registered
      holder of bonds at the last address of such holder appearing on the registry
      books, such publication or mailing, as the case may be, to be made not less
      than
      thirty days prior to such execution. Any failure of the Company to give such
      notice, or, any defect therein, shall not, however, in any way impair or affect
      the validity of any such supplemental indenture.”

     

    
      
        12

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      4. As supplemented and amended by this Supplemental Indenture, the Indenture
      is
      in all respects ratified and confirmed, and this Supplemental Indenture and
      all
      the terms and conditions herein contained shall be deemed a part
      thereof.

     

    Section
      5. Except as herein otherwise expressly provided, no duties, responsibilities
      or
      liabilities are assumed, or shall be construed to be assumed, by the Trustee
      by
      reason of this Supplemental Indenture, other than as set forth in the Indenture
      as heretofore amended and supplemented. The Trustee shall not be responsible
      for
      the recitals herein or in the bonds (other than in the authentication
      certificate of the Trustee), all of which are made by the Company
      solely.

     

    Section
      6. This Supplemental Indenture may be executed in several counterparts, and
      all
      such counterparts executed and delivered, each as an original, shall constitute
      but one and the same instrument.

     

    Section
      7. The Company acknowledges and intends that all advances made to it by the
      Lenders under the Credit Agreement, including future advances whenever hereafter
      made, shall be a lien from the time this Supplemental Indenture is
      recorded, as provided in Section 15-1302(b)(1) of the Illinois Mortgage
      Foreclosure Law (the “Act”), 735 ILCS 15-1101, et seq. The amount of the bonds
      of the 2007 Credit Agreement Series which comprises the principal amount then
      outstanding of the Obligations under the Credit Agreement constitutes revolving
      credit indebtedness secured by a mortgage on real property, pursuant to the
      terms and conditions of 205 ILCS 5/5d from the date of this Supplemental
      Indenture.

     

    Section
      8. The Company shall provide the Trustee with copies of the Credit Agreement
      and
      any amendments thereto as soon as practicable after such Credit Agreement or
      amendment is entered into and the Trustee in performing its duties hereunder
      shall be entitled to rely on the latest copy of the Credit Agreement and any
      amendments thereto received from the Company. To the extent not identified
      in
      the Credit Agreement or amendment, as provided in the preceding sentence, the
      Company will inform the Trustee of any change in the identity of the Agent
      and
      the Trustee shall be entitled to conclusively rely on the notice or instructions
      received from the Agent pursuant to the Credit Agreement or amendment.

     

     

    
      
        13

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

    IN
      WITNESS WHEREOF, Central Illinois Light Company, party of the first part hereto,
      and Deutsche Bank Trust Company Americas, party of the second part hereto,
      have
      caused these presents to be executed in their respective names by their
      respective Presidents or one of their Vice Presidents or one of their Assistant
      Vice Presidents and their respective seals to be hereunto affixed and attested
      by their respective Secretaries or one of their Assistant Secretaries or one
      of
      their Associates, all as of the day and year first above written.

     

    

    
      	 	
              Central
                Illinois Light Company

               

              By
                /s/
                Jerre E.
                Birdsong                    
                    

              Name:
                Jerre E. Birdsong 

              Title:
                Vice President and Treasurer

            
	
              [Seal]

              Attest:

               

                         
                /s/ G. L. Waters         
                  

              Name:
                G. L. Waters

              Title:
                Assistant Secretary

            	 

    

    

     

    
      
        14

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    
      	 	 
	 	
              Deutsche
                Bank Trust Company Americas, as Trustee

               

              By
                Deutsche Bank National Trust Company

               

              By/s/
                Irina
                Golovashchuk          
                  

              Name:
                Irina Golovashchuk 

              Title:
                Assistant Vice President

               

               

            
	 	
              By
                 /s/
                Rodney
                Gaughan             
                   

              Name:
                Rodney Gaughan

              Title:
                Assistant Vice President

            
	
              [Seal]

              Attest:

               

              /s/
                Yana
                Kalachikova                  
                   

              Name:
                Yana Kalachikova 

              Title:
                Assistant Vice President

            	 

    

    

     

    
      
        15

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

     

    State
      of
      Missouri )

    )
      SS

    City
      of
      St. Louis   )

     

    I,
      Carla
      J. Finn, a Notary Public, do hereby certify that Jerre E. Birdsong, Vice
      President and Treasurer of Central Illinois Light Company, a corporation
      organized and existing under the laws of the State of Illinois, and G. L.
      Waters, Assistant Secretary of said corporation, who are both personally known
      to me to be the same persons whose names are subscribed to the foregoing
      instrument as such officers, respectively, of said corporation, and who are
      both
      personally known to me to be such officers, appeared before me this day in
      person and severally acknowledged that they signed, sealed and delivered said
      instrument as their free and voluntary act as such officers, and as the free
      and
      voluntary act of said corporation, for the uses and purposes therein set
      forth.

     

    Given
      under my hand and official seal this __st
      day of
      ______, 2007, in the City and State aforesaid.

     

    
      	 	
              /s/
                Carla J.
                Flinn                  
                   

            
	 	
              Notary
                Public

            
	
              (Notarial
                Seal)

            	 

    

    

    Commission
      # 06399906 

    My
      Commission expires 4/20/2010

    

     

    
      
        16

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    State
      of
      New Jersey )

    )
      SS

    County
      of
      Union      )

     

    I,
      Tracy
      Salzmann, a Notary Public in and for Union County in the State aforesaid, do
      hereby certify that:

     

    Irina
      Golovashcuk, an Assistant Vice President of Deutsche
      Bank National Trust Company,
      signing
      on behave of Deutsche Bank Trust Company America, and Rodney Gaughan, an
      Assistant Vice President of said corporation, who are both personally known
      to
      me to be the same persons whose names are subscribed to the foregoing instrument
      as such officers, respectively, of said corporation, and who are both personally
      known to me to be such officers, appeared before me this day in person and
      severally acknowledged that they signed, sealed and delivered said instrument
      as
      their free and voluntary act as such officers, and as the free and voluntary
      act
      of said corporation, for the uses and purposes therein set forth.

     

    Given
      under my hand and official seal this __st
      day of
      ________, 2007.

     

    
      	 	
              /s/
                Tracy
                Salzmann                
                  

            
	 	
              Notary
                Public

            
	
              (Notarial
                Seal)

            	 

    

    My
      Commission expires 2007

     

     

    
      
        17

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      K-2

    FORM
      OF

    CIPS
      SUPPLEMENTAL INDENTURE

    When
      recorded mail to:

     

    
      	
               

              James
                A. Tisckos

              Central
                Illinois Public Service Company 

              607
                East Adams Street 

              Springfield,
                IL 62739 

            	 

    

     

    
      	 
	
              Executed
                in 100 Counterparts, No. __.

               

            
	
              Supplemental
                Indenture

               

            
	
              dated
                as of ___________, 2007

               

            
	
              Central
                Illinois Public Service Company

               

            
	
              to

               

            
	
              U.S.
                Bank National Association

            
	
              and
                Patrick J. Crowley,

              as
                trustees

            
	 
	
              (Supplemental
                to the Indenture of Mortgage or Deed of Trust 

              dated
                October 1, 1941, executed by Central Illinois Public Service Company
                

              to
                Continental Illinois National Bank and Trust Company of
                Chicago

              and
                Edmond B. Stofft, as trustees)

              (Providing
                for First Mortgage Bonds, 2007 Credit Agreement Series)

            
	
              This
                instrument was prepared by Steven R. Sullivan, Senior Vice President,
                General Counsel and Secretary of Central Illinois Public Service
                Company,
                c/o Ameren Corporation, One Ameren Plaza, 1901 Chouteau Avenue, St.
                Louis,
                Missouri 63103.

               

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    This
      Supplemental Indenture, dated as of __________, 2007, made and entered into
      by
      and between CENTRAL ILLINOIS PUBLIC SERVICE COMPANY, a corporation organized
      and
      existing under the laws of the State of Illinois (hereinafter commonly referred
      to as the “Company”),
      and
      U.S. BANK NATIONAL ASSOCIATION (formerly U.S. Bank Trust National Association,
      formerly First Trust National Association, formerly First Trust of Illinois,
      National Association, successor trustee to Bank of America Illinois, formerly
      Continental Bank, formerly Continental Bank, National Association and formerly
      Continental Illinois National Bank and Trust Company of Chicago), a national
      banking association having its office or place of business in the City of
      Chicago, Cook County, State of Illinois (hereinafter commonly referred to as
      the
“Trustee”),
      and
      Richard Prokosch (successor Co-Trustee), of the City of Oakdale, Washington
      County, State of Minnesota, as Trustees under the Indenture of Mortgage or
      Deed
      of Trust dated October 1, 1941, heretofore executed and delivered by the Company
      to Continental Illinois National Bank and Trust Company of Chicago and Edmond
      B.
      Stofft, as Trustees, as amended by the Supplemental Indentures dated,
      respectively, September 1, 1947, January 1, 1949, February 1, 1952, September
      1,
      1952, June 1, 1954, February 1, 1958, January 1, 1959, May 1, 1963, May 1,
      1964,
      June 1, 1965, May 1, 1967, April 1, 1970, April 1, 1971, September 1, 1971,
      May
      1, 1972, December 1, 1973, March 1, 1974, April 1, 1975, October 1, 1976,
      November 1, 1976, October 1, 1978, August 1, 1979, February 1, 1980, February
      1,
      1986, May 15, 1992, July 1, 1992, September 15, 1992, April 1, 1993, June 1,
      1995, March 15, 1997, June 1, 1997, December 1, 1998, June 1, 2001, October
      1,
      2004, June 1, 2006 and August 1, 2006 heretofore executed and delivered by
      the
      Company to the Trustees under said Indenture of Mortgage or Deed of Trust dated
      October 1, 1941; said Indenture of Mortgage or Deed of Trust dated October
      1,
      1941, as amended by said Supplemental Indentures, being hereinafter sometimes
      referred to as the “Indenture”;
      and
      said U.S. Bank National Association and Richard Prokosch (successor Co-Trustee),
      of the City of Oakdale, Washington County, State of Minnesota, as Trustees,
      as
      such Trustees, being hereinafter sometimes referred to as the “Trustees”
or
      the
“Trustees
      under the Indenture”;

     

    WITNESSETH:

     

    WHEREAS,
      the Company has entered into a Credit Agreement, dated as of February 9, 2007
      (as amended or otherwise modified from time to time, the “Credit
      Agreement”)
      by and
      among the Company, Central Illinois Light Company, Illinois Power Company,
      AmerenEnergy Resources Generating Company and CILCORP Inc., as borrowers, the
      lenders from time to time party thereto (the “Lenders”)
      and
      JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Agent”)
      for
      the Lenders, providing for the making of certain financial accommodations
      thereunder to the Company, and pursuant to such Credit Agreement, the Company
      has agreed to issue to the Agent, as evidence of and security for the
      Obligations (as such term is defined in the Credit Agreement) of the Company
      (the “Company
      Obligations”),
      a new
      series of bonds under the Indenture;

     

    WHEREAS,
      for such purposes, the Company has determined, by resolutions duly adopted
      by
      its Board of Directors, to issue bonds of an additional series under and to
      be
      secured by the Indenture, as hereby amended, to be known and designated as
      First
      Mortgage Bonds, 2007 

     

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Credit
      Agreement Series (hereinafter sometimes referred to as the “bonds
      of 2007 Credit Agreement Series”
or
      the
“bonds
      of said Series”),
      and
      the bonds of said Series shall be authorized, authenticated and issued only
      as
      registered bonds without coupons, and to execute and deliver this supplemental
      indenture, pursuant to the provisions of Article I, as amended, Section 6 of
      Article II and Article XVI of the Indenture, for the purpose of (1) creating
      and
      authorizing not to exceed $135,000,000 aggregate principal amount of bonds
      of
      2007 Credit Agreement Series and setting forth the form, terms, provisions
      and
      characteristics thereof, and (2) modifying or amending certain provisions of
      the
      Indenture in the particulars and to the extent hereinafter specifically
      provided; and

     

    WHEREAS,
      the bonds of 2007 Credit Agreement Series shall
      be
      issued to the Agent as evidence of and security for the Company Obligations
      under the Credit Agreement;

     

    WHEREAS,
      the execution and delivery by the Company of this supplemental indenture have
      been duly authorized by the Board of Directors of the Company; and the Company
      has requested, and hereby requests, the Trustees to enter into and join with
      the
      Company in the execution and delivery of this supplemental indenture;
      and

     

    WHEREAS,
      the bonds of 2007 Credit Agreement Series are to be authorized, authenticated
      and issued only in the form of registered bonds without coupons, and the bonds
      of 2007 Credit Agreement Series and the certificate of the Trustee thereon
      shall
      be substantially in the following form, to wit:

     

     

    [FORM
      OF
      BOND]

     

    
      	
              No.
                _______

               

            	
              $__________

               

            

    

    Illinois
      Commerce Commission

    Identification
      No.: Ill. C.C. No. ____

     

    Notwithstanding
      any provisions hereof or in the Indenture

    this
      Bond
      is not assignable or transferable except to a successor Agent appointed in
      accordance 

    with
      the
      Credit Agreement, dated 

    as
      of
      February 9, 2007, hereinafter referred to.

     

    Central
      Illinois Public Service Company

    First
      Mortgage Bond, 2007 Credit Agreement Series 

     

    
      	
              REGISTERED
                OWNER: JPMorgan Chase Bank, N.A., 

            
	
               

              PRINCIPAL
                AMOUNT __________________________ 
                DOLLARS

            

    

    

     

    CENTRAL
      ILLINOIS PUBLIC SERVICE COMPANY, an Illinois corporation (hereinafter referred
      to as the “Company”),
      for
      value received, hereby promises to pay to the Registered Owner specified above,
      as administrative agent (in such capacity, the “Agent”) for the Lenders (as
      defined below) under the Credit Agreement, dated as of February 9, 2007, by
      and
      among the 

     

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Company,
      Central Illinois Light Company, Illinois Power Company, AmerenEnergy Resources
      Generating Company and CILCORP Inc., as borrowers, the lenders from time to
      time
      party thereto (the “Lenders”)
      and
      JPMorgan Chase Bank, N.A., as administrative agent (as amended or otherwise
      modified from time to time, the “Credit
      Agreement”),
      or
      registered assigns, the Principal Amount specified above or such lesser
      principal amount as shall be equal to the Borrower Credit Exposure (as defined
      in the Credit Agreement) of the Company outstanding on the Maturity Date (having
      at any time the meaning such term has at such time under the Credit Agreement)
      of the Company, but not in excess of the Principal Amount of this bond, and
      to
      pay interest thereon at the Interest Rate (as defined below) until the principal
      hereof is paid or duly made available for payment on the Maturity Date or in
      the
      event of redemption of this bond, until the redemption date. 

     

    Interest
      on this bond shall be payable on each Interest Payment Date (as defined below),
      commencing on the first Interest Payment Date next succeeding the date of this
      bond. If the Maturity Date falls on a day which is not a Business Day, as
      defined below, principal and any interest and/or fees payable with respect
      to
      the Maturity Date will be paid on the next succeeding Business Day. The interest
      payable, and punctually paid or duly provided for, on any Interest Payment
      Date
      will, subject to certain exceptions provided in the Supplemental Indenture
      dated
      as of ____________, 2007, hereinafter referred to, be paid to the person in
      whose name this bond (or one or more predecessor bonds) is registered at the
      close of business on the Record Date (as defined below); provided, however,
      that
      interest payable on the Maturity Date will be payable to the person to whom
      the
      principal hereof shall be payable. Should the Company default in the payment
      of
      interest (“Defaulted Interest”), the Defaulted Interest shall be paid to the
      person in whose name this bond is registered on the Record Date to be
      established by the Trustee for payment of such Defaulted Interest. As used
      herein, (A) “Business Day” shall have the meaning assigned thereto in the Credit
      Agreement; (B) “Interest Payment Date” shall mean each date on which Company
      Obligations constituting interest and/or fees are due and payable from time
      to
      time pursuant to the Credit Agreement; (C) “Interest Rate” shall mean a rate of
      interest per annum, adjusted as necessary, to result in an interest payment
      equal to the aggregate amount of Company Obligations constituting interest
      and
      fees of the Company due under the Credit Agreement on the applicable Interest
      Payment Date; and (D) “Record Date” with respect to any Interest Payment Date
      shall mean the day (whether or not a Business Day) immediately next preceding
      such Interest Payment Date.

     

    Both
      the
      principal of and the interest on this bond shall be payable in immediately
      available funds at the office or agency of the Trustee, in any coin or currency
      of the United States of America which at the time of payment is legal tender
      for
      public and private debts. 

     

    This
      bond
      is one of the bonds issued and to be issued from time to time under and in
      accordance with and all secured by the indenture of mortgage or deed of trust
      dated October 1, 1941, executed and delivered by the Company to U.S. Bank
      National Association (formerly U.S. Bank Trust National Association, formerly
      First Trust National Association, formerly First Trust of Illinois, National
      Association, successor trustee to Bank of America Illinois, formerly Continental
      Bank, formerly Continental Bank, National Association and formerly Continental
      Illinois National Bank and Trust Company of Chicago and hereinafter referred
      to
      as the “Trustee”)
      and
      Edmond B. Stofft, as Trustees, and the various indentures supplemental thereto,
      including the Supplemental Indenture pursuant to which $135,000,000 in aggregate
      principal 

     

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    amount
      of
      the First Mortgage Bonds, 2007 Credit Agreement Series (the “2007
      Credit Agreement Series Bonds”)
      are
      authorized, each executed and delivered by the Company to the Trustees under
      said indenture of mortgage or deed of trust dated October 1, 1941, prior to
      the
      authentication of this bond (said indenture of mortgage or deed of trust and
      said supplemental indentures being hereinafter referred to, collectively, as
      the
“Indenture”);
      and
      said U.S. Bank National Association and Richard Prokosch (successor Co-Trustee),
      of the City of Oakdale, Washington County, State of Minnesota, as Trustees
      (successor Co-Trustee) being now the Trustees under the Indenture. Reference
      to
      the Indenture and to all supplemental indentures, if any, hereafter executed
      pursuant to the Indenture is hereby made for a description of the property
      mortgaged and pledged, the nature and extent of the security and the rights
      of
      the holders and Registered Owners of said bonds and of the Trustees and of
      the
      Company in respect of such security. By the terms of the Indenture the bonds
      to
      be secured thereby are issuable in series, which may vary as to date, amount,
      date of maturity, rate of interest, redemption provisions, medium of payment
      and
      in other respects as in the Indenture provided. 

     

    The
      2007
      Credit Agreement Series Bonds are
      to be
      issued and delivered to the Agent in order to evidence and secure the
      obligations of the Company under the Credit Agreement to make payments to the
      Lenders under the Credit Agreement and to provide the Lenders the benefit of
      the
      lien of the Indenture with respect to the 2007 Credit Agreement Series
      Bonds.

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption hereof. If at any time any permanent reduction of the Borrower
      Sublimit (as defined in the Credit Agreement) of the Company or the Borrower
      Credit Exposure (as defined in the Credit Agreement) of the Company shall result
      in the principal of the 2007 Credit Agreement Series Bonds being greater than
      the greater of the Borrower Sublimit and the Borrower Credit Exposure, a payment
      obligation with respect to the principal of the 2007 Credit Agreement Series
      Bonds in the amount of such excess shall be deemed discharged upon the
      effectiveness of such permanent reduction. No payment of principal under the
      Credit Agreement shall reduce the principal amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

    The
      obligation of the Company to make payments with respect to the interest on
      the
      2007 Credit
      Agreement Series Bonds shall be fully or partially, as the case may be,
      satisfied and discharged to the extent that, at the time that any such payment
      shall be due, the then due interest and/or fees of the Company under the Credit
      Agreement shall have been fully or partially paid. Satisfaction of any
      obligation to the extent that payment is made with respect to the interest
      and/or fees of the Company under the Credit Agreement means that if any payment
      is made on the interest and/or fees of the Company under the Credit Agreement,
      a
      corresponding payment obligation with respect to the interest on the 2007 Credit
      Agreement Series Bonds shall be deemed discharged in the same amount as such
      payment made on the interest and/or fees of the Company under the Credit
      Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      the 2007 Credit Agreement Series Bonds, so far as such payments at the time
      have
      become due, has been fully 

     

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    satisfied
      and discharged pursuant to the foregoing paragraphs unless and until the Trustee
      shall have received a written notice from the Agent stating (i) that timely
      payment of principal of or interest on the 2007 Credit Agreement Series Bonds
      has not been made, (ii) that the Company is in arrears as to the payments
      required to be made by it to the Agent in connection with the Company
      Obligations pursuant to the Credit Agreement, and (iii) the amount of the
      arrearage.

     

    This
      bond
      is not redeemable except upon written demand of the Agent following the
      occurrence of a Default by the Company under the Credit Agreement and the
      acceleration of the Company Obligations, as provided under the Credit Agreement.
      

     

    In
      case
      of certain events of default specified in the Indenture, the principal of this
      bond may be declared or may become due and payable in the manner and with the
      effect provided in the Indenture. No recourse shall be had for the payment
      of
      the principal of or interest on this bond, or for any claim based hereon, or
      otherwise in respect hereof or of the Indenture or any indenture supplemental
      thereto, to or against any incorporator, stockholder, officer or director,
      past,
      present or future, of the Company, or of any predecessor or successor
      corporation, either directly or through the Company, or such predecessor or
      successor corporation, under any constitution or statute or rule of law, or
      by
      the enforcement of any assessment, penalty, or otherwise, all such liability
      of
      incorporators, stockholders, directors and officers being waived and released
      by
      the Registered Owner hereof by the acceptance of this bond and being likewise
      waived and released by the terms of the Indenture.

     

    This
      bond
      shall not be assignable or transferable except to a successor Agent appointed
      in
      accordance with the Credit Agreement. This bond is exchangeable by the
      Registered Owner hereof, in person or by attorney duly authorized, at the
      principal office or place of business of the Trustee under the Indenture, upon
      the surrender and cancellation of this bond and the payment of any stamp tax
      or
      other governmental charge, and upon any such exchange a new registered bond
      or
      bonds without coupons, of the same series and maturity and for the same
      aggregate principal amount, will be issued in exchange heretofore; provided,
      that the Company shall not be required to exchange any bonds of 2007 Credit
      Agreement Series for a period of ten (10) days next preceding an Interest
      Payment Date with respect to such bonds.

     

    The
      Agent
      shall surrender this bond to the Trustee when each of the Borrower Sublimit
      and
      the Borrower Credit Exposure have been reduced to zero and all fees and other
      amounts payable by the Company pursuant to the Credit Agreement with respect
      to
      the Company Obligations shall have been duly paid.

     

    This
      bond
      shall not be valid or become obligatory for any purpose unless and until it
      shall have been authenticated by the execution by the Trustee or its successor
      in trust under the Indenture of the Trustee’s Certificate endorsed
      hereon.

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    IN
      WITNESS WHEREOF, Central Illinois Public Service Company has caused this bond
      to
      be executed in its name by the manual or facsimile signature of its President
      or
      one of its Vice-Presidents, and its corporate seal or a facsimile thereof to
      be
      affixed or imprinted hereon and attested by the manual or facsimile signature
      of
      its Secretary or one of its Assistant Secretaries.

     

    
      	
               

               

            	
              CENTRAL
                ILLINOIS PUBLIC SERVICE 

              COMPANY

               

               

               

              By
                ______________________________

              President

            
	
              Attest:

               

              By_____________________________

              Secretary

            	 

    

     

    This
      bond
      is one of the bonds of the series designated therein, described in the within
      mentioned Indenture.

     

    
      	
               

            	
              U.S.
                BANK NATIONAL ASSOCIATION, as 

              Trustee

               

               

              By_______________________________

              Authorized
                Officer

            

    

     

     

    [END
      OF
      FORM OF BOND]

     

    

    NOW,
      THEREFORE, in consideration of the premises and of the sum of One Dollar ($1.00)
      duly paid by the Trustees to the Company, and of other good and valuable
      considerations, the receipt whereof is hereby acknowledged, and for the purpose
      of further securing the due and punctual payment of the principal of and
      interest on all bonds which have been heretofore or shall be hereafter issued
      under the Indenture and indentures supplemental thereto and which shall be
      at
      any time outstanding thereunder and secured thereby and $135,000,000 aggregate
      principal amount of the bonds of 2007 Credit Agreement Series, and for the
      purpose of securing the faithful performance and observance of all the covenants
      and conditions set forth in the Indenture and/or in any indenture supplemental
      thereto, the Company has given, granted, bargained, sold, transferred, assigned,
      pledged, mortgaged, warranted the title to and conveyed, and by these presents
      does give, grant, bargain, sell, transfer, assign, pledge, mortgage, warrant
      the
      title to and convey unto U.S. Bank National Association and Richard Prokosch
      (successor Co-Trustee), of the City of Oakdale, Washington County, State of
      Minnesota, as Trustees, as Trustees under the Indenture as therein provided,
      and
      their successors in the trusts thereby created, and to their assigns, all the
      right, title and interest of the Company in and to any and all premises, plants,
      

     

    
      
        7

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    property,
      leases and leaseholds, franchises, permits, rights and powers, of every kind
      and
      description, real and personal, which have been acquired by the Company through
      construction, purchase, consolidation or merger, or otherwise, subsequent to
      January
      1, 2006,
      and
      which are owned by the Company at the date of the execution hereof, together
      with the rents, issues, products and profits therefrom, excepting, however,
      and
      there is hereby expressly reserved and excluded from the lien and effect of
      the
      Indenture and of this supplemental indenture, all right, title and interest
      of
      the Company, now owned, in and to (a) all cash, bonds, shares of stock,
      obligations and other securities not deposited with the Trustee or Trustees
      under the Indenture, and (b) all accounts and bills receivable, judgments (other
      than for the recovery of real property or establishing a lien or charge thereon
      or right therein) and chooses in action not specifically assigned to and pledged
      with the Trustee or Trustees under the Indenture, and (c) all personal property
      acquired or manufactured by the Company for sale, lease, rental or consumption
      in the ordinary course of business, and (d) the last day of each of the demised
      terms created by any lease of property leased to the Company and under each
      and
      every renewal of any such lease, the last day of each and every such demised
      term being hereby expressly reserved to and by the Company, and (e) all gas,
      oil
      and other minerals now or hereafter existing upon, within or under any real
      estate of the Company subject to, or hereby subjected to, the lien of the
      Indenture.

     

    And
      upon
      the considerations and for the purposes aforesaid, and in order to provide,
      pursuant to the terms of the Indenture, for the issuance under the Indenture,
      as
      hereby amended, of bonds of 2007 Credit Agreement Series and to fix the terms,
      provisions and characteristics of the bonds of 2007 Credit Agreement Series,
      and
      to modify or amend the Indenture in the particulars and to the extent
      hereinafter in this supplemental indenture specifically provided, the Company
      hereby covenants and agrees with the Trustees as follows:

     

    A
      series
      of bonds issuable under the Indenture, as hereby amended, to be known and
      designated as “First
      Mortgage Bonds, 2007 Credit Agreement Series”
and
      which shall be executed, authenticated and issued only in the form of registered
      bonds without coupons, is hereby created and authorized. The bonds of 2007
      Credit Agreement Series and the Trustee’s Certificate to be endorsed thereon
      shall be substantially in the form thereof hereinbefore recited (the
“Bond
      Form”).
      Each
      bond of 2007 Credit Agreement Series is to be issued and registered in the
      name
      of the Agent under the Credit Agreement to evidence and secure any and all
      Obligations (as such term is defined in the Credit Agreement) of the Company
      (the “Company
      Obligations”)
      under
      the Credit Agreement. Each bond of 2007 Credit Agreement Series shall be dated
      as of the Interest Payment Date (as defined below) thereof to which interest
      was
      paid next preceding the date of issue, unless (a) issued on an Interest Payment
      Date thereof to which interest was paid, in which event it shall be dated as
      of
      such issue date, or (b) issued prior to the occurrence of the first Interest
      Payment Date thereof to which interest was paid, in which event it shall be
      dated the date of original issuance. 

     

    The
      bonds
      of 2007 Credit Agreement Series shall be issued in the aggregate principal
      amount of not to exceed $135,000,000 and shall mature on the Maturity Date
      (having at any time the meaning such term has at such time under the Credit
      Agreement) of the Company. The principal amount of bonds of the 2007 Credit
      Agreement Series outstanding from time to time shall always be equal to the
      greater of (i) the Company’s Borrower Sublimit (as defined in the Credit

     

     

    
      
        8

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Agreement,
      without giving effect to clause (ii) of such definition) and (ii) the Borrower
      Credit Exposure (as defined in the Credit Agreement) of the Company on the
      Maturity Date, but not in excess of $135,000,000. Under the Credit Agreement,
      the Company must at any time it increases its Borrower Sublimit deliver
      additional bonds of the 2007 Credit Agreement Series in an amount such that
      the
      requirement of the preceding sentence is at that time satisfied. Upon submission
      of the appropriate certificates and opinions as required under the Indenture,
      the Company may so issue and the Trustee shall authenticate from time to time
      bonds of the 2007 Credit Agreement Series at any time on or prior to January
      14,
      2010.

     

    The
      bonds
      of 2007 Credit Agreement Series shall bear interest from their date as set
      forth
      in the Bond Form. Interest on the bonds of 2007 Credit Agreement Series shall
      be
      payable on each Interest Payment Date (as defined below), commencing on the
      first Interest Payment Date next succeeding the date of the bonds of 2007 Credit
      Agreement Series. If the Maturity Date falls on a day which is not a Business
      Day, as defined below, principal and any interest and/or fees payable by the
      Company with respect to the Maturity Date will be paid on the next succeeding
      Business Day. 

     

    Both
      the
      principal of and the interest on the bonds of 2007 Credit Agreement Series
      shall
      be payable at the times and in the manner set forth in the form of bond set
      out
      herein and in immediately available funds at the office or agency of the
      Trustee, in any coin or currency of the United States of America which at the
      time of payment is legal tender for public and private debts. 

     

    Anything
      contained in Section 14 of Article I of the Indenture, or elsewhere in the
      Indenture, to the contrary notwithstanding, only the person in whose name bonds
      of 2007 Credit Agreement Series are registered (the “Registered
      Owner”)
      at the
      close of business on the Record Date (as defined below) with respect to any
      Interest Payment Date shall be entitled to receive the interest payable on
      such
      Interest Payment Date notwithstanding the cancellation of such bonds upon any
      transfer or exchange subsequent to the Record Date and prior to such Interest
      Payment Date; provided,
      however,
      that if
      and to the extent the Company shall default in the payment of the interest
      due
      on such Interest Payment Date, such defaulted interest shall be paid to the
      persons in whose names outstanding bonds of 2007 Credit Agreement Series are
      registered on the Record Date to be established by the Trustee for payment
      of
      such defaulted interest.

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption as provided in this Supplemental Indenture. If at any time
      any
      permanent reduction of the Borrower Sublimit (as defined in the Credit
      Agreement) of the Company or the Borrower Credit Exposure (as defined in the
      Credit Agreement) of the Company shall result in the principal of the 2007
      Credit Agreement Series Bonds being greater than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure, a payment obligation with respect
      to
      the principal of the 2007 Credit Agreement Series Bonds in the amount of such
      excess shall be deemed discharged upon the effectiveness of such permanent
      reduction. No payment of principal under the Credit Agreement shall reduce the
      principal amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

     

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
      obligation of the Company to make payments with respect to the interest on
      the
      bonds of 2007 Credit Agreement Series shall be fully or partially, as the case
      may be, satisfied and discharged to the extent that, at the time that any such
      payment shall be due, the then due interest and/or fees of the Company under
      the
      Credit Agreement shall have been fully or partially paid. Satisfaction of any
      obligation to the extent that payment is made with respect to the interest
      and/or fees of the Company under the Credit Agreement means that if any payment
      is made on the interest and/or fees of the Company under the Credit Agreement,
      a
      corresponding payment obligation with respect to the interest on the bonds
      of
      2007 Credit Agreement Series shall be deemed discharged in the same amount
      as
      such payment made on the interest and/or fees of the Company under the Credit
      Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      the bonds of 2007 Credit Agreement Series, so far as such payments at the time
      have become due, has been fully satisfied and discharged pursuant to the
      foregoing paragraphs unless and until the Trustee shall have received a written
      notice from the Agent stating (i) that timely payment of principal of or
      interest on the bonds of 2007 Credit Agreement Series has not been made, (ii)
      that the Company is in arrears as to the payments required to be made by it
      to
      the Agent in connection with the Company Obligations pursuant to the Credit
      Agreement, and (iii) the amount of the arrearage.

     

    As
      used
      herein, (A) “Business
      Day”
shall
      have the meaning assigned thereto in the Credit Agreement; (B) “Interest
      Payment Date”
shall
      mean each date on which Company Obligations constituting interest and/or fees
      are due and payable from time to time pursuant to the Credit Agreement; (C)
      “Interest
      Rate”
shall
      mean a rate of interest per annum, adjusted as necessary, to result in an
      interest payment equal to the aggregate amount of Company Obligations
      constituting interest and fees of the Company due under the Credit Agreement
      on
      the applicable Interest Payment Date; and (D) “Record
      Date”
with
      respect to any Interest Payment Date shall mean the day (whether or not a
      Business Day) immediately next preceding such Interest Payment
      Date.

     

    Except
      as
      set forth herein, the bonds of 2007 Credit Agreement Series are not redeemable.
      Upon the occurrence of a Default by the Company under the Credit Agreement
      and
      the acceleration of the Company Obligations, the bonds of 2007 Credit Agreement
      Series shall be redeemable in whole upon receipt by the Trustee of a written
      demand from the Agent stating that there has occurred under the Credit Agreement
      both a Default by the Company and a declaration of acceleration of the Company
      Obligations and demanding redemption of the bonds of 2007 Credit Agreement
      Series (including a description of the amount of principal, interest, fees,
      cash
      collateralization obligations and other amounts which comprise such Company
      Obligations). The Company waives any right it may have to prior notice of such
      redemption under the Indenture and any other notice required under the
      Indenture, including notice to be given by the Company, shall be deemed
      satisfied by the notice given by the Agent as aforesaid. Upon surrender of
      the
      bonds of 2007 Credit Agreement Series by the Agent to the Trustee, the bonds
      of
      2007 Credit Agreement Series shall be redeemed at a redemption price equal
      to
      the aggregate amount of the Company Obligations.

     

    The
      bonds
      of 2007 Credit Agreement Series shall not be assignable or transferable except
      to a successor Agent appointed in accordance with the Credit Agreement. The
      bonds of 2007 Credit Agreement Series are
      exchangeable by the Registered Owner thereof, in person or by 

     

     

    
      
        10

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    attorney
      duly authorized, at the principal office or place of business of the Trustee
      under the Indenture, upon the surrender and cancellation of said bonds and
      the
      payment of any stamp tax or other governmental charge, and upon any such
      exchange a new registered bond or bonds without coupons, of the same series
      and
      maturity and for the same aggregate principal amount, will be issued in exchange
      theretofore; provided, that the Company shall not be required to exchange any
      bonds of 2007 Credit Agreement Series for a period of ten (10) days next
      preceding an Interest Payment Date with respect to such bonds.

     

    The
      bonds
      of 2007 Credit Agreement Series
      shall, from time to time, be executed on behalf of the Company and sealed with
      the corporate seal of the Company, all in the manner provided or permitted
      by
      Section 6 of Article I of the Indenture, as follows:

     

    bonds
      of
      2007 Credit Agreement Series executed on behalf of the Company by its President
      or a Vice-President and/or by its Secretary or an Assistant Secretary may be
      so
      executed by the facsimile signature of such President or Vice-President and/or
      of such Secretary or Assistant Secretary, as the case may be, of the Company,
      or
      of any person or persons who shall have been such officer or officers, as the
      case may be, of the Company on or subsequent to the date of this supplemental
      indenture, notwithstanding that he or they may have ceased to be such officer
      or
      officers of the Company at the time of the actual execution, authentication,
      issue or delivery of any of such bonds, and any such facsimile signature or
      signatures of any such officer or officers on any such bonds shall constitute
      execution of such bonds on behalf of the Company by such officer or officers
      of
      the Company for the purposes of the Indenture, as hereby amended, and shall
      be
      valid and effective for all purposes, provided that all bonds shall always
      be
      executed on behalf of the Company by the signature, manual or facsimile, of
      its
      President or a Vice-President and of its Secretary or an Assistant Secretary,
      and provided, further, that none of such bonds shall be executed on behalf
      of
      the Company by the same officer or person acting in more than one capacity;
      and

     

    such
      corporate seal of the Company may be a facsimile, and any bonds of 2007 Credit
      Agreement Series on which such facsimile seal shall be affixed, impressed,
      imprinted or reproduced shall be deemed to be sealed with the corporate seal
      of
      the Company for the purposes of the Indenture, as hereby amended, and such
      facsimile seal shall be valid and effective for all purposes.

     

    As
      provided in Section 8.4 of the Credit Agreement, the Agent shall surrender
      the
      bonds of 2007 Credit Agreement Series to the Trustee for cancellation when
      each
      of the Borrower Sublimit and the Borrower Credit Exposure have been reduced
      to
      zero and all fees and other amounts payable by the Company pursuant to the
      Credit Agreement with respect to the Company Obligations shall have been duly
      paid.

     

    Sections
      10 and 16 of Article III of the Indenture are, and each of them is, hereby
      amended by striking out the words “Series
      1997-2, Senior Notes Series AA-1, Senior Notes Series AA-2, Senior Notes Series
      BB, Environmental Improvement Series 2004, Senior Notes Series CC and 2006
      Credit Agreement Series”
      wherever the same occur in each of said sections,

     

     

    
      
        11

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    and
      by
      inserting, in lieu thereof, the words “Series
      1997-2, Senior Notes Series AA-1, Senior Notes Series AA-2, Senior Notes Series
      BB, Environmental Improvement Series 2004, Senior Notes Series CC, 2006 Credit
      Agreement Series and 2007 Credit Agreement Series”
and
      the
      Company hereby covenants and agrees to observe and comply with the provisions
      of
      said sections as hereby amended.

     

    The
      provisions of this supplemental indenture shall become and be effective from
      and
      after the execution hereof, and the Indenture, as hereby amended, shall remain
      in full force and effect.

     

    Each
      reference in the Indenture, or in this supplemental indenture, to any article,
      section, term or provision of the Indenture shall mean and be deemed to refer
      to
      such article, section, term or provision of the Indenture, as hereby amended,
      except where the context otherwise indicates.

     

    All
      the
      covenants, provisions, stipulations and agreements in this supplemental
      indenture contained are and shall be for the sole and exclusive benefit of
      the
      parties hereto, their successors and assigns, and of the holders and Registered
      Owners from time to time of the bonds of 2007 Credit Agreement Series and of
      the
      coupons issued and outstanding from time to time under and secured by the
      Indenture, as hereby amended, and the Agent, for the benefit of the Lenders
      under the Credit Agreement.

     

    This
      supplemental indenture has been executed in a number of identical counterparts,
      each of which so executed shall be deemed to be an original.

     

    At
      the
      time of the execution of this supplemental indenture, the aggregate principal
      amount of all indebtedness of the Company outstanding, or to be presently
      outstanding, under and secured by the Indenture, as hereby amended, is
      $496,500,000, evidenced by First Mortgage Bonds of the series listed below,
      issued by the Company under said Indenture and now outstanding or to be
      presently issued by it under said Indenture, as follows:

     

    
      
        12

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

    
      	
               

                                                        
                Series                                   
                

            	
               

                                    
                Interest Rate (%)

            	
               

              Maturity
                Date

            	
              Principal

              Amount
                ($)

            
	
               

            	 	 	 
	
              1997-2

            	
              7.61

            	
              June
                1, 2017

            	
              40,000,000

            
	
              Senior
                Notes AA-1

            	
              5.375

            	
              December
                15, 2008

            	
              15,000,000

            
	
              Senior
                Notes AA-2

            	
              6.125%

            	
              December
                15, 2028

            	
              60,000,000

            
	
              Senior
                Notes BB

            	
              6.625%

            	
              June
                15, 2011

            	
              150,000,000

            
	
              Series
                2004

            	
              * 

            	
              July
                1, 2025

            	
              35,000,000
                

            
	
              Senior
                Notes CC 

            	
              6.70%

            	
              June
                15, 2036

            	
              61,500,000

            
	
              2006
                Credit Agreement

            	
              **

            	
              **

            	
              135,000,000

            
	
              2007
                Credit Agreement

            	
              ***

            	
              ***

            	
              0(a)

            
	
               

            	 	 	 
	 	 	
              Total........

            	
              496,500,000

            

    

    

     

    The
      Company acknowledges and intends that all advances made to it by the Lenders
      under the Credit Agreement, including future advances whenever hereafter made,
      shall be a lien from the time this Supplemental Indenture is
      recorded, as provided in Section 15-1302(b)(1) of the Illinois Mortgage
      Foreclosure Law (the “Act”), 735 ILCS 15-1101, et seq. The amount of the bonds
      of the 2007 Credit Agreement Series which comprises the principal amount then
      outstanding of the Obligations under the Credit Agreement constitutes revolving
      credit indebtedness secured by a mortgage on real property, pursuant to the
      terms and conditions of 205 ILCS 5/5d from the date of this Supplemental
      Indenture.

     

    

     

    

      

      
        *
          As
          determined in accordance with the Indenture of Trust dated as of October
          1, 2004
          between the Illinois Finance Authority and UMB Bank, N.A., as
          Trustee.

         

        **
          As
          determined in accordance with the Credit Agreement dated as of July 14,
          2006
          among the Company and the other Borrowers identified therein and JPMorgan
          Chase,
          N.A. as agent.

         

        ***
          As
          determined in accordance with the Credit Agreement.

         

        (a)
          To be
          issued by the Company under said Indenture from time to time under this
          Supplemental Indenture in the amounts as provided in the Credit Agreement
          but
          only upon surrender of an equal amount of bonds of the 2006 Credit Agreement
          Series. 

         

      

    

    
 

    
      
        13

      

      
        
        

        
          

        

      

      
        
        

      

    

    In
      WITNESS WHEREOF, said Central Illinois Public Service Company has caused this
      instrument to be executed in its corporate name by its President or a Vice
      President and its corporate seal or a facsimile thereof to be hereunto affixed
      and to be attested by its Secretary or an Assistant Secretary, and said U.S.
      Bank National Association, for the purpose of entering into and joining with
      the
      Company in the execution of this supplemental indenture, has caused this
      instrument to be executed in its corporate name by one of its Vice Presidents
      and its corporate seal to be hereunto affixed and to be attested by one of
      its
      Assistant Vice Presidents, and said Patrick J. Crowley, for the purpose of
      entering into and joining with the Company in the execution of this supplemental
      indenture, has signed and sealed this instrument; all as of the day and year
      first above written.

     

    
      	 	
              Central
                Illinois Public Service Company

               

               

               

              By
                 /s/
                Jerre E.
                Birdsong                      
                   

              Name:
                Jerre E. Birdsong 

              Title:
                Vice President and Treasurer 

            
	
              (Corporate
                Seal)

               

              Attest:

               

              By:
                 /s/
                G.L.
                Waters                   
                  

              Name:
                G.L.Waters

              Title:
                Assistant Secretary

            	 

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	 	 
	 	
              U.S.
                Bank National Association

               

               

               

              By:
                 /s/
                Beverly A.
                Freeney                 
                 

              Name:
                Beverly A. Freeney 

              Title: Vice
                President

            
	
              (Corporate
                Seal)

               

              Attest:

               

              By:
                 /s/
                Jean
                Clarke                         
                   

              Name:
                Jean Clarke

              Title: Assistant
                Vice President

            	 
	 	
               

              By:
                 /s/
                Richard Prokosch (Seal) 

              Richard
                Prokosch 

            

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    State
      of
      Missouri )

    ) SS

    City
      of
      St. Louis   )

     

    I,
      Carol
      A. Head, a Notary Public, do hereby certify that Jerre E. Birdsong, Vice
      President and Treasurer of Central Illinois Public Service Company, a
      corporation organized and existing under the laws of the State of Illinois,
      and
      G.L. Waters, Assistant Secretary of said corporation, who are both personally
      known to me to be the same persons whose names are subscribed to the foregoing
      instrument as such officers, respectively, of said corporation, and who are
      both
      personally known to me to be such officers, appeared before me this day in
      person and severally acknowledged that they signed, sealed and delivered said
      instrument as their free and voluntary act as such officers, and as the free
      and
      voluntary act of said corporation, for the uses and purposes therein set
      forth.

     

    Given
      under my hand and official seal this __st day of _________ 2007, in the City
      and
      State aforesaid.

     

    
      	 	
               

               

              /s/
                Carol A.
                Head                         
                 

            
	 	
              Carol
                A. Head

              Notary
                Public

            
	
              (Notarial
                Seal)

            	 

    

    

    My
      commission expires _______________

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    State
      of
      New York    )

    ) SS

    County
      of
      Queens   )

     

    I,
      Janet
      P. O’Hara, a Notary Public in and for Queens County in the State aforesaid, do
      hereby certify that:

     

    (a)
      Beverly A. Freeney, a Vice President of U.S. Bank National Association, a
      national banking association, and Jean Clarke, an Assistant Vice President
      of
      said association, who are both personally known to me to be the same persons
      whose names are subscribed to the foregoing instrument as such officers,
      respectively, of said association, and who are both personally known to me
      to be
      such officers, appeared before me this day in person and severally acknowledged
      that they signed, sealed and delivered said instrument as their free and
      voluntary act as such officers, and as the free and voluntary act of said
      association, for the uses and purposes therein set forth; and

     

    (b)
      Richard Prokosch, personally known to me to be the same person whose name is
      subscribed to the foregoing instrument, appeared before me this day in person
      and acknowledged that he signed, sealed and delivered said instrument as his
      free and voluntary act, for the uses and purposes therein set
      forth.

     

    

     

    Given
      under my hand and official seal this __st day of _____________,
      2007.

     

    
      	 	
              /s/
                Janet P.
                O’Hara                         
                  

              Notary
                Public

            
	 	 
	
              (Notarial
                Seal)

            	 

    

    

    My
      Commission expires November 3, 2009

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      K-3

    FORM
      OF

    IP
      SUPPLEMENTAL INDENTURE

    When
      Recorded Mail to:

    Illinois
      Power Company

    Craig
      W.
      Stensland

    One
      Ameren Plaza (MC 1310)

    1901
      Chouteau Avenue

    St.
      Louis, MO 63103

    

     

      
        

      

    

     

    ILLINOIS
      POWER COMPANY

     

    TO

     

    BNY
      MIDWEST TRUST COMPANY,

     

    AS
      SUCCESSOR TRUSTEE TO

     

    HARRIS
      TRUST AND SAVINGS BANK

     

      
        

      

    

     

    SUPPLEMENTAL
      INDENTURE 

     

    DATED
      AS
      OF ___________,
      2007

     

    TO

     

    GENERAL
      MORTGAGE INDENTURE AND DEED OF TRUST

     

    DATED
      AS
      OF NOVEMBER 1, 1992

     

      
        

      

    

    

    This
      instrument was prepared by Steven R. Sullivan, Senior Vice President, General
      Counsel and Secretary of Illinois Power Company c/o Ameren Corporation, One
      Ameren Plaza, 1901 Chouteau Avenue, St. Louis, Missouri 63103.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SUPPLEMENTAL
      INDENTURE dated as of ___________, 2007 (“Supplemental Indenture”), made by and
      between ILLINOIS POWER COMPANY, a corporation organized and existing under
      the
      laws of the State of Illinois (the “Company”), party of the first part, and BNY
      MIDWEST TRUST COMPANY, a corporation organized and existing under the laws
      of
      the State of Illinois, as successor trustee to Harris Trust and Savings Bank,
      a
      corporation organized and existing under the laws of the State of Illinois
      (the
“Trustee”), as Trustee under the General Mortgage Indenture and Deed of Trust
      dated as of November 1, 1992, hereinafter mentioned, party of the second
      part;

     

    WHEREAS,
      the Company has heretofore executed and delivered its General Mortgage Indenture
      and Deed of Trust dated as of November 1, 1992 as from time to time amended
      (the
“Indenture”), to the Trustee, for the security of the Bonds of the Company
      issued and to be issued thereunder (the “Bonds”); and

     

    WHEREAS,
      pursuant to the terms and provisions of the Indenture there were created and
      authorized by supplemental indentures thereto bearing the following dates,
      respectively, the Mortgage Bonds of the series issued thereunder and
      respectively identified opposite such dates:

     

    
      	
              DATE
                OF 

              SUPPLEMENTAL
                INDENTURE

               

            	
              IDENTIFICATION
                OF SERIES

               

            	
              CALLED

               

            
	
              February
                15, 1993

               

            	
              8%
                Series due 2023 (redeemed)

               

            	
              Bonds
                of the 2023 Series

               

            
	
              March
                15, 1993

               

            	
              6
                1/8% Series due 2000 (paid at 

              maturity)

               

            	
              Bonds
                of the 2000 Series

               

            
	
              March
                15, 1993

               

            	
              6
                3/4% Series due 2005 (paid at 

              maturity)

               

            	
              Bonds
                of the 2005 Series

               

            
	
              July
                15, 1993

               

            	
              7
                1/2% Series due 2025 (redeemed)

               

            	
              Bonds
                of the 2025 Series

               

            
	
              August
                1, 1993

               

            	
              6
                1/2% Series due 2003 (paid at 

              maturity)

               

            	
              Bonds
                of the 2003 Series

               

            
	
              October
                15, 1993

               

            	
              5
                5/8% Series due 2000 (paid at 

              maturity)

               

            	
              Bonds
                of the Second 

              2000
                Series

               

            
	
              November
                1, 1993

               

            	
              Pollution
                Control Series M 

              (redeemed)

               

            	
              Bonds
                of the Pollution 

              Control
                Series M

               

            
	
              November
                1, 1993

               

            	
              Pollution
                Control Series N 

              (redeemed)

               

            	
              Bonds
                of the Pollution 

              Control
                Series N

               

            
	
              November
                1, 1993

               

            	
              Pollution
                Control Series O 

              (redeemed)

               

            	
              Bonds
                of the Pollution 

              Control
                Series O

               

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              DATE
                OF 

              SUPPLEMENTAL
                INDENTURE

               

            	
              IDENTIFICATION
                OF SERIES

               

            	
              CALLED

               

            

    

    
      	
              April
                1, 1997

               

            	
              Pollution
                Control Series P

               

            	
              Bonds
                of the Pollution 

              Control
                Series P

               

            
	
              April
                1, 1997

               

            	
              Pollution
                Control Series Q

               

            	
              Bonds
                of the Pollution 

              Control
                Series Q

               

            
	
              April
                1, 1997

               

            	
              Pollution
                Control Series R

               

            	
              Bonds
                of the Pollution 

              Control
                Series R

               

            
	
              March
                1, 1998

               

            	
              Pollution
                Control Series S

               

            	
              Bonds
                of the Pollution 

              Control
                Series S

               

            
	
              March
                1, 1998

               

            	
              Pollution
                Control Series T

               

            	
              Bonds
                of the Pollution

              Control
                Series T

               

            
	
              July
                15, 1998

               

            	
              6
                1/4% Series due 2002 (paid at 

              maturity)

               

            	
              Bonds
                of the 2002 Series

               

            
	
              September
                15, 1998

               

            	
              6%
                Series due 2003 (paid at 

              maturity)

               

            	
              Bonds
                of the Second 

              2003
                Series

               

            
	
              June
                15, 1999

               

            	
              7.50%
                Series due 2009

               

            	
              Bonds
                of the 2009 Series

               

            
	
              July
                15, 1999

               

            	
              Pollution
                Control Series U

               

            	
              Bonds
                of the Pollution 

              Control
                Series U

               

            
	
              July
                15, 1999

               

            	
              Pollution
                Control Series V 

              (redeemed)

               

            	
              Bonds
                of the Pollution 

              Control
                Series V

               

            
	
              May
                1, 2001

               

            	
              Pollution
                Control Series W

               

            	
              Bonds
                of the Pollution 

              Control
                Series W

               

            
	
              May
                1, 2001

               

            	
              Pollution
                Control Series X

               

            	
              Bonds
                of the Pollution 

              Control
                Series X

               

            
	
              July
                1, 2002

               

            	
              10
                5/8% Series due 2007 (not 

              issued)

               

            	
              Bonds
                of the 2007 Series 

               

            
	
              July
                1, 2002

               

            	
              10
                5/8% Series due 2012 (not

               issued)

               

            	
              Bonds
                of the 2012 Series

               

            
	
              December
                15, 2002

               

            	
              11.50%
                Series due 2010

               

            	
              Bonds
                of the 2010 Series

               

            

    

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    
      	
              June
                1, 2006

               

            	
              Mortgage
                Bonds, Senior Notes 

              Series
                AA

               

            	
              Bonds
                of Series AA

               

            
	
              August
                1, 2006

               

            	
              Mortgage
                Bonds, 2006 Credit 

              Agreement
                Series Bonds

               

            	
              2006
                Credit Agreement 

              Series
                Bonds

               

            

    

    and

     

    WHEREAS,
      a supplemental indenture with respect to the Bonds of the 2007 Series and the
      Bonds of the 2012 Series listed above was executed and filed but such Bonds
      of
      the 2007 Series and Bonds of the 2012 Series were never issued and a release
      with respect to such supplemental indenture was subsequently executed and filed;
      and

     

    WHEREAS,
      the Company has entered into a Credit Agreement, dated as of February 9, 2007
      (as amended or otherwise modified from time to time, the “Credit Agreement”) by
      and among the Company, Central Illinois Light Company, Central Illinois Public
      Service Company, AmerenEnergy Resources Generating Company and CILCORP Inc.,
      as
      borrowers, the lenders from time to time party thereto (the “Lenders”) and
      JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Agent”) for the Lenders, providing for the making of certain financial
      accommodations thereunder to the Company, and pursuant to such Credit Agreement,
      the Company has agreed to issue to the Agent, as evidence of and security for
      the Obligations (as such term is defined in the Credit Agreement) of the Company
      (the “Company Obligations”), a new series of Bonds under the Indenture;
      and

     

    WHEREAS,
      for such purposes, the Company desires to create a new series of Bonds to be
      issued under the Indenture to be known as Mortgage Bonds, 2007 Credit Agreement
      Series (the “2007 Credit Agreement Series Bonds”); and

     

    WHEREAS,
      the 2007 Credit Agreement Series Bonds shall be issued to the Agent as evidence
      of and security for the Company Obligations under the Credit Agreement;
      and

     

    WHEREAS,
      the Company, in the exercise of the powers and authority conferred upon and
      reserved to it under the provisions of the Indenture, and pursuant to
      appropriate resolutions of the Board of Directors, has duly resolved and
      determined to make, execute and deliver to the Trustee this Supplemental
      Indenture in the form hereof for the purposes herein provided; and

     

    WHEREAS,
      all conditions and requirements necessary to make this Supplemental Indenture
      a
      valid, binding and legal instrument have been done, performed and fulfilled
      and
      the execution and delivery hereof have been in all respects duly
      authorized;

     

    NOW,
      THEREFORE, THIS SUPPLEMENTAL INDENTURE

    

    WITNESSETH:

    

    THAT
      Illinois Power Company, in consideration of the purchase and ownership from
      time
      to time of the Bonds and the service by the Trustee, and its successors, under
      the 

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Indenture
      and of One Dollar to it duly paid by the Trustee at or before the ensealing
      and
      delivery of these presents, the receipt whereof is hereby acknowledged, hereby
      covenants and agrees to and with the Trustee and its successors in the trust
      under the Indenture, for the benefit of those who shall hold the Bonds as
      follows:

     

    DESCRIPTION
      OF 2007 Credit Agreement Series Bonds.

     

    The
      Company hereby creates a new series of Bonds to be known as “2007 Credit
      Agreement Series Bonds.” The 2007 Credit Agreement Series Bonds shall be
      executed, authenticated and delivered in accordance with the provisions of,
      and
      shall in all respects be subject to, all of the terms, conditions and covenants
      of the Indenture, as supplemented and modified. The 2007 Credit Agreement Series
      Bonds shall be issued only to and in the name of the Agent under the Credit
      Agreement to evidence and secure any and all Company Obligations under the
      Credit Agreement. 

     

    The
      2007
      Credit Agreement Series Bonds shall be dated as of the Interest Payment Date
      (as
      defined below) thereof to which interest was paid next preceding the date of
      issue, unless (a) issued on an Interest Payment Date thereof to which interest
      was paid, in which event it shall be dated as of such issue date, or (b) issued
      prior to the occurrence of the first Interest Payment Date thereof to which
      interest was paid, in which event it shall be dated the date of original
      issuance.

     

    The
      2007
      Credit Agreement Series Bonds shall be issued in the aggregate principal amount
      of $200,000,000 and shall mature on the Maturity Date (having at any time the
      meaning such term has at such time under the Credit Agreement) applicable to
      the
      Company.

     

    The
      2007
      Credit Agreement Series Bonds shall bear interest from their date as set forth
      in the form thereof hereinafter recited. Interest on the 2007 Credit Agreement
      Series Bonds shall be payable on each Interest Payment Date (defined below),
      commencing on the first Interest Payment Date next succeeding the date of the
      2007 Credit Agreement Series Bonds. Payment of principal on the 2007 Credit
      Agreement Series Bonds shall be due on the Maturity Date. If the Maturity Date
      falls on a day which is not a Business Day, as defined below, principal and
      any
      interest and/or fees payable by the Company with respect to the Maturity Date
      will be paid on the next succeeding Business Day. 

     

    Both
      the
      principal of and the interest on the 2007 Credit Agreement Series Bonds shall
      be
      payable at the times and in the manner set forth in the form of bond set out
      herein and in immediately available funds at the office or agency of the
      Trustee, in any coin or currency of the United States of America which at the
      time of payment is legal tender for public and private debts. 

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption as provided in this Supplemental Indenture. If at any time
      any
      permanent reduction of the 

     

    
      
        4

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Borrower
      Sublimit (as defined in the Credit Agreement) of the Company or the Borrower
      Credit Exposure (as defined in the Credit Agreement) of the Company shall result
      in the principal of the 2007 Credit Agreement Series Bonds being greater than
      the greater of the Borrower Sublimit and the Borrower Credit Exposure, a payment
      obligation with respect to the principal of the 2007 Credit Agreement Series
      Bonds in the amount of such excess shall be deemed discharged upon the
      effectiveness of such permanent reduction. No payment of principal under the
      Credit Agreement shall reduce the principal amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

    The
      obligation of the Company to make payments with respect to the interest on
      the
      2007 Credit Agreement Series Bonds shall be fully or partially, as the case
      may
      be, satisfied and discharged to the extent that, at the time that any such
      payment shall be due, the then due interest and/or fees of the Company under
      the
      Credit Agreement shall have been fully or partially paid. Satisfaction of any
      obligation to the extent that payment is made with respect to the interest
      and/or fees of the Company under the Credit Agreement means that if any payment
      is made on the interest and/or fees of the Company under the Credit Agreement,
      a
      corresponding payment obligation with respect to the interest on the 2007 Credit
      Agreement Series Bonds shall be deemed discharged in the same amount as such
      payment made on the interest and/or fees of the Company under the Credit
      Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      the 2007 Credit Agreement Series Bonds, so far as such payments at the time
      have
      become due, has been fully satisfied and discharged pursuant to the foregoing
      paragraphs unless and until the Trustee shall have received a written notice
      from the Agent stating (i) that timely payment of principal of or interest
      on
      the 2007 Credit Agreement Series Bonds has not been made, (ii) that the Company
      is in arrears as to the payments required to be made by it to the Agent in
      connection with the Company Obligations pursuant to the Credit Agreement, and
      (iii) the amount of the arrearage. 

     

    As
      used
      herein, (A) “Business Day” shall have the meaning assigned thereto in the Credit
      Agreement; (B) “Interest Payment Date” shall mean each date on which Company
      Obligations constituting interest and/or fees are due and payable from time
      to
      time pursuant to the Credit Agreement; (C) “Interest Rate” shall mean a rate of
      interest per annum, adjusted as necessary, to result in an interest payment
      equal to the aggregate amount of Company Obligations constituting interest
      and
      fees of the Company due under the Credit Agreement on the applicable Interest
      Payment Date; and (D) “Record Date”
with
      respect to any Interest Payment Date shall mean the day (whether or not a
      Business Day) immediately next preceding such Interest Payment
      Date.

     

    The
      2007
      Credit Agreement Series Bonds shall not be assignable or transferable except
      to
      a successor Agent appointed in accordance with the Credit Agreement. The 2007
      Credit Agreement Series Bonds are
      exchangeable by the Registered Owner thereof, in person or by attorney duly
      authorized, at the principal office or place of business of the Trustee under
      the Indenture, upon the surrender and cancellation of said bonds and the payment
      of any stamp tax or other governmental charge, and upon any such exchange a
      new
      registered bond or bonds without coupons, of the same series and maturity and
      for the same aggregate principal amount, will be issued in exchange theretofore;
      provided, that the Company shall not be required to 

     

    
      
        5

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    exchange
      any 2007 Credit Agreement Series Bonds for a period of ten (10) days next
      preceding an Interest Payment Date with respect to such bonds.

     

    As
      provided in Section 8.4 of the Credit Agreement, the Agent shall surrender
      the
      2007 Credit Agreement Series Bonds to the Trustee for cancellation when each
      of
      the Borrower Sublimit and the Borrower Credit Exposure of the Company have
      been
      reduced to zero and all fees and other amounts payable by the Company pursuant
      to the Credit Agreement with respect to the Company Obligations shall have
      been
      duly paid.

     

    The
      2007
      Credit Agreement Series Bonds and the Trustee’s Certificate of Authentication
      shall be substantially in the following forms respectively:

     

     

    [FORM
      OF FACE OF BOND]

     

    ILLINOIS
      POWER COMPANY

     

    (Incorporated
      under the laws of the State of Illinois)

     

    Notwithstanding
      any provisions hereof or in the Indenture

    this
      Bond is not assignable or transferable except to a successor Agent appointed
      in

    accordance
      with the Credit Agreement, dated 

    as
      of February 9, 2007, hereinafter referred to.

    

    Illinois
      Commerce Commission 

    Identification
      No.: ____

    

    MORTGAGE
      BONDS, 2007 CREDIT AGREEMENT SERIES

     

    No.
      ________                                                                                                                                                                                                                                          
     $200,000,000

     

    ILLINOIS
      POWER COMPANY, a corporation organized and existing under the laws of the State
      of Illinois (the “Company”), which term shall include any successor corporation
      as defined in the Indenture hereinafter referred to, for value received, hereby
      promises to pay to JPMorgan Chase Bank, N.A., as administrative agent (in such
      capacity, the “Agent”) for the Lenders (as defined below) under the Credit
      Agreement, dated as of February 9, 2007, by and among the Company, Central
      Illinois Light Company, Central Illinois Public Service Company, AmerenEnergy
      Resources Generating Company and CILCORP Inc., as borrowers, the lenders from
      time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as
      administrative agent (as amended or otherwise modified from time to time, the
      “Credit Agreement”), or registered assigns, the principal sum of
      $200,000,000 or
      such
      lesser principal amount as shall be equal to the amount of the Borrower Credit
      Exposure (as defined in the Credit Agreement) of the Company outstanding on
      the
      Maturity Date (having at any time the meaning such term has at such time under
      the Credit Agreement) of the Company, but not in excess of the principal amount
      of this Bond, and to pay interest thereon at the Interest Rate (as defined
      below) until the principal hereof is paid or duly made available for payment
      on
      the Maturity Date or in the event of redemption of this Bond, until the
      redemption date.

     

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

    Interest
      on this Bond shall be payable on each Interest Payment Date (as defined below),
      commencing on the first Interest Payment Date next succeeding the date of this
      Bond. If the Maturity Date falls on a day which is not a Business Day, as
      defined below, principal and any interest and/or fees payable with respect
      to
      the Maturity Date will be paid on the next succeeding Business Day. The interest
      payable, and punctually paid or duly provided for, on any Interest Payment
      Date
      will, subject to certain exceptions provided in the Supplemental Indenture
      dated
      as of _____________, 2007, hereinafter referred to, be paid to the person in
      whose name this Bond (or one or more predecessor bonds) is registered at the
      close of business on the Record Date (as defined below); provided, however,
      that
      interest payable on the Maturity Date will be payable to the person to whom
      the
      principal hereof shall be payable. Should the Company default in the payment
      of
      interest (“Defaulted Interest”), the Defaulted Interest shall be paid to the
      person in whose name this Bond is registered on the Record Date to be
      established by the Trustee for payment of such Defaulted Interest. As used
      herein, (A) “Business Day” shall have the meaning assigned thereto in the Credit
      Agreement; (B) “Interest Payment Date” shall mean each date on which Company
      Obligations constituting interest and/or fees are due and payable from time
      to
      time pursuant to the Credit Agreement; (C) “Interest Rate” shall mean a rate of
      interest per annum, adjusted as necessary, to result in an interest payment
      equal to the aggregate amount of Company Obligations constituting interest
      and
      fees of the Company due under the Credit Agreement on the applicable Interest
      Payment Date; and (D) “Record Date” with respect to any Interest Payment Date
      shall mean the day (whether or not a Business Day) immediately next preceding
      such Interest Payment Date.

     

    Both
      the
      principal of and the interest on this Bond shall be payable in immediately
      available funds at the office or agency of the Trustee, in any coin or currency
      of the United States of America which at the time of payment is legal tender
      for
      public and private debts.

     

    This
      Bond
      is to be issued and delivered to the Agent in order to evidence and secure
      the
      obligations of the Company under the Credit Agreement to make payments to the
      Lenders under the Credit Agreement and to provide the Lenders the benefit of
      the
      lien of the Indenture with respect to the 2007 Credit Agreement Series
      Bonds.

     

    The
      obligation of the Company to make payments with respect to principal under
      the
      Credit Agreement shall not give rise to an obligation to pay principal of the
      2007 Credit Agreement Series Bonds except on the Maturity Date of the Company
      or
      upon redemption hereof. If at any time any permanent reduction of the Borrower
      Sublimit (as defined in the Credit Agreement) of the Company or the Borrower
      Credit Exposure (as defined in the Credit Agreement) of the Company shall result
      in the principal of the 2007 Credit Agreement Series Bonds being greater than
      the greater of the Borrower Sublimit and the Borrower Credit Exposure, a payment
      obligation with respect to the principal of the 2007 Credit Agreement Series
      Bonds in the amount of such excess shall be deemed discharged upon the
      effectiveness of such permanent reduction. No payment of principal under the
      Credit Agreement shall reduce the principal amount of the 2007
      Credit Agreement Series Bonds to an amount less than the greater of the Borrower
      Sublimit and the Borrower Credit Exposure.

     

    The
      obligation of the Company to make payments with respect to the interest on
      this
      Bond shall be fully or partially, as the case may be, satisfied and discharged
      to the extent that, at the time that any such payment shall be due, the then
      due
      interest and/or fees of the 

     

    
      
        7

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Company
      under the Credit Agreement shall have been fully or partially paid. Satisfaction
      of any obligation to the extent that payment is made with respect to the
      interest and/or fees of the Company under the Credit Agreement means that if
      any
      payment is made on the interest and/or fees of the Company under the Credit
      Agreement, a corresponding payment obligation with respect to the interest
      on
      this Bond shall be deemed discharged in the same amount as such payment made
      on
      the interest and/or fees of the Company under the Credit Agreement.

     

    The
      Trustee may at any time and all times conclusively assume that the obligation
      of
      the Company to make payments with respect to the principal of and interest
      on
      this Bond, so far as such payments at the time have become due, has been fully
      satisfied and discharged pursuant to the foregoing paragraphs unless and until
      the Trustee shall have received a written notice from the Agent stating (i)
      that
      timely payment of principal of or interest on this Bond has not been made,
      (ii)
      that the Company is in arrears as to the payments required to be made by it
      to
      the Agent in connection with the Company Obligations pursuant to the Credit
      Agreement, and (iii) the amount of the arrearage.

     

    The
      Agent
      shall surrender this Bond to the Trustee when each of the Borrower Sublimit
      and
      the Borrower Credit Exposure of the Company have been reduced to zero and all
      fees and other amounts payable by the Company pursuant to the Credit Agreement
      with respect to the Company Obligations shall have been duly paid.

     

    This
      Bond
      shall not be entitled to any benefit under the Indenture or any indenture
      supplemental thereto, or become valid or obligatory for any purpose, until
      the
      form of certificate endorsed hereon shall have been signed by or on behalf
      of
      BNY Midwest Trust Company, as successor trustee to Harris Trust and Savings
      Bank, the Trustee under the Indenture, or a successor trustee thereto under
      the
      Indenture (the “Trustee”).

     

    The
      provisions of this Bond are continued on the reverse hereof and such continued
      provisions shall for all purposes have the same effect as though fully set
      forth
      at this place.

     

    
      
        8

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, Illinois Power Company has caused this Bond to be signed
      (manually or by facsimile signature) in its name by an Authorized Executive
      Officer, as defined in the aforesaid Indenture, and attested (manually or by
      facsimile signature) by an Authorized Executive Officer, as defined in such
      Indenture on the date hereof.

     

    Dated
      ____________, 2007

     

    ILLINOIS
      POWER COMPANY

     

    By: 

    AUTHORIZED
      EXECUTIVE OFFICER

     

    ATTEST:

     

    By:
      __________________________________

                                
       AUTHORIZED EXECUTIVE OFFICER

     

    

     

    [FORM
      OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION]

     

    This
      is
      one of the Bonds of the series designated therein referred to in the within
      mentioned Indenture and the Supplemental Indenture dated as of ____________,
      2007.

     

    
      	
              BNY
                MIDWEST TRUST COMPANY, successor 

              trustee
                to Harris Trust and Savings, Bank, 

              TRUSTEE,

            
	 
	 
	
              By:
                __________________________________

              AUTHORIZED
                SIGNATORY

            

    

    

    

     

    [FORM
      OF REVERSE OF BOND]

     

    This
      Bond
      is one of a duly authorized issue of Bonds of the Company (the “Bonds”) in
      unlimited aggregate principal amount, of the series hereinafter specified,
      all
      issued and to be issued under and equally secured by the General Mortgage
      Indenture and Deed of Trust (the “Indenture”), dated as of November 1, 1992,
      executed by the Company to BNY Midwest Trust Company, as successor trustee
      to
      Harris Trust and Savings Bank (the “Trustee”) to which Indenture and all
      indentures supplemental thereto reference is hereby made for a description
      of
      the properties mortgaged and pledged, the nature and extent of the security,
      the
      rights of registered owners of the Bonds and of the Trustee in respect thereof,
      and the terms and conditions upon which the Bonds are, and are to be, secured.
      The Bonds may be issued in series, for various principal sums, may mature at
      different times, may bear interest at different rates and 

     

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    may
      otherwise vary as provided in the Indenture. This Bond is one of a series
      designated as the “Mortgage Bonds, 2007 Credit Agreement Series” (the “2007
      Credit Agreement Series Bonds”) of the Company, in an aggregate principal amount
      of $200,000,000 issued under and secured by the Indenture and described in
      the
      Supplemental Indenture dated as of _______, 2007 (the “Supplemental Indenture of
      _______, 2007”), between the Company and the Trustee, supplemental to the
      Indenture.

     

    This
      2007
      Credit Agreement Series Bond is not redeemable except upon written demand of
      the
      Agent following the occurrence of a Default by the Company under the Credit
      Agreement and the acceleration of the Company Obligations, as provided under
      the
      Credit Agreement. 

     

    In
      case
      an Event of Default, as defined in the Indenture, shall occur, the principal
      of
      all Bonds at any such time outstanding under the Indenture may be declared
      or
      may become due and payable, upon the conditions and in the manner and with
      the
      effect provided in the Indenture. The Indenture provides that such declaration
      may be rescinded under certain circumstances.

     

    REDEMPTION.

     

    Except
      as
      set forth herein, the 2007 Credit Agreement Series Bonds are not redeemable.
      Upon the occurrence of a Default by the Company under the Credit Agreement
      and
      the acceleration of the Company Obligations, the 2007 Credit Agreement Series
      Bonds shall be redeemable in whole upon receipt by the Trustee of a written
      demand from the Agent stating that there has occurred under the Credit Agreement
      both a Default by the Company and a declaration of acceleration of the Company
      Obligations and demanding redemption of the 2007 Credit Agreement Series Bonds
      (including a description of the amount of principal, interest, fees cash
      collateralization obligations and other amounts which comprise such Company
      Obligations). The Company waives any right it may have to prior notice of such
      redemption under the Indenture and any other notice required under the
      Indenture, including notice to be given by the Company, shall be deemed
      satisfied by the notice given by the Agent as aforesaid. Upon surrender of
      the
      2007 Credit Agreement Series Bonds by the Agent to the Trustee, the 2007 Credit
      Agreement Series Bonds shall be redeemed at a redemption price equal to the
      aggregate amount of the Company Obligations.

     

     

    ISSUE
      OF
      2007 Credit Agreement Series Bonds.

     

    The
      Company hereby exercises the right to obtain the authentication of $200,000,000
      principal amount of additional Bonds pursuant to the terms of Section 4.04
      of
      the Indenture, all of which shall be 2007 Credit Agreement Series
      Bonds.

     

    Such
      2007
      Credit Agreement Series Bonds may be authenticated and delivered prior to the
      filing for recordation of this Supplemental Indenture.

     

     

    
      
        10

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    THE
      TRUSTEE.

     

    The
      Trustee hereby accepts the trusts hereby declared and provided, and agrees
      to
      perform the same upon the terms and conditions in the Indenture set forth and
      upon the following terms and conditions:

     

    The
      Trustee shall not be responsible in any manner whatsoever for or in respect
      of
      the validity or sufficiency of this Supplemental Indenture or the due execution
      hereof by the Company or for or in respect of the recitals contained herein,
      all
      of which recitals are made by the Company solely. In general, each and every
      term and condition contained in Article Eleven of the Indenture shall apply
      to
      this Supplemental Indenture with the same force and effect as if the same were
      herein set forth in full, with such omissions, variations and modifications
      thereof as may be appropriate to make the same conform to this Supplemental
      Indenture.

     

     

    MISCELLANEOUS
      PROVISIONS.

     

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

     

    The
      Company acknowledges and intends that all advances made to it by the Lenders
      under the Credit Agreement, including future advances whenever hereafter made,
      shall be a lien from the time this Supplemental Indenture is
      recorded, as provided in Section 15-1302(b)(1) of the Illinois Mortgage
      Foreclosure Law (the “Act”), 735 ILCS 15-1101, et seq. The amount of the bonds
      of the 2007 Credit Agreement Series which comprises the principal amount then
      outstanding of the Obligations under the Credit Agreement constitutes revolving
      credit indebtedness secured by a mortgage on real property, pursuant to the
      terms and conditions of 205 ILCS 5/5d from the date of this Supplemental
      Indenture.

     

     

    
      
        11

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, said Illinois Power Company has caused this Supplemental
      Indenture to be executed on its behalf by an Authorized Executive Officer as
      defined in the Indenture, and this Supplemental Indenture to be attested by
      an
      Authorized Executive Officer as defined in the Indenture; and said BNY Midwest
      Trust Company, as successor trustee to Harris Trust and Savings Bank, in
      evidence of its acceptance of the trust hereby created, has caused this
      Supplemental Indenture to be executed on its behalf by its President or one
      of
      its Vice Presidents and this Supplemental Indenture to be attested by its
      Secretary or one of its Vice Presidents; all as of the ___st day of __________,
      2007.

     

    
      	 	
              ILLINOIS
                POWER COMPANY

               

            
	 	
              By/s/
                Jerre E.
                Birdsong                        
                

              Name:
                Jerre E. Birdsong

              Title:
                Vice President and Treasurer 

            
	 	 
	
              ATTEST:

            	 
	 	 
	
              By:
                /s/
                G. L.
                Waters                  
                

            	 
	
              Name:
                G. L. Waters

              Title:
                Assistant Secretary

            	 

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 
	
              BNY
                MIDWEST TRUST COMPANY, successor

               trustee
                to Harris Trust and Savings, Bank, 

              TRUSTEE,

            
	 
	 
	
              By:/s/
                M.
                Callahan                                 
                

              AUTHORIZED
                SIGNATORY

            
	 	 
	 	 
	 	 
	 	 
	
              ATTEST:

            	 
	 	 
	
              By:/s/
                D.G. Donovan     

            	 
	
              Name:
                D.G. Donovan

              Title:
                Vice President 

            	 

    

    

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    STATE
      OF
      MISSOURI   )

    ) SS.

    CITY
      OF
      ST. LOUIS        )

     

    BE
      IT
      REMEMBERED, that on this __st day of __________, 2007, before me, the
      undersigned, a Notary Public within and for the City and State aforesaid,
      personally came Jerre E. Birdsong, Vice President and Treasurer and G. L.
      Waters, Assistant Secretary, of Illinois Power Company, a corporation duly
      organized, incorporated and existing under the laws of the State of Illinois,
      who are personally known to me to be such officers, and who are personally
      known
      to me to be the same persons who executed as such officers the within instrument
      of writing, and such persons duly acknowledged that they signed and delivered
      the said instrument as their free and voluntary act as such officers and as
      the
      free and voluntary act of said Illinois Power Company for the uses and purposes
      therein set forth.

     

    IN
      WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official
      seal
      on the day and year last above written.

     

    
      	
              By: /s/
                Carla J.
                Flinn             
                

              NOTARY
                PUBLIC

            
	 

    

    

     

    My
      Commission Expires on 4/20/2010.

    (NOTARIAL
      SEAL)

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    STATE
      OF
      ILLINOIS  )

    ) SS.

    COUNTY
      OF
      COOK    )

     

    BE
      IT
      REMEMBERED, that on __th day of ____________, 2007, before me, the undersigned,
      a Notary Public within and for the County and State aforesaid, personally came
      M. Callahan, and D. G. Donovan, Authorized Signatory and D.G. Donovan, Vice
      President, of BNY Midwest Trust Company, a corporation duly organized,
      incorporated and existing under the laws of the State of Illinois, who are
      personally known to me to be the same persons who executed as such officers
      the
      within instrument of writing, and such persons duly acknowledged that they
      signed, sealed and delivered the said instrument as their free and voluntary
      act
      as such officers, and as the free and voluntary act of said BNY Midwest Trust
      Company for the uses and purposes therein set forth.

     

    IN
      WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official
      seal
      on the day and year last above written.

     

    
      	
              By: /s/
                Julie
                Braun              
                

              NOTARY
                PUBLIC, COOK COUNTY, 

              ILLINOIS

            
	 

    

    

     

    My
      Commission Expires on 6/23/10

    (NOTARIAL
      SEAL)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      L

    FORM
      OF

    RESOURCES
      COLLATERAL AGENCY AGREEMENT

    COLLATERAL
      AGENCY AGREEMENT SUPPLEMENT

     

    

     

    COLLATERAL
      AGENCY AGREEMENT SUPPLEMENT dated February 9, 2007 (this "Supplement") made
      by
      AmerenEnergy Resources Generating Company, an Illinois corporation (the
      "Pledgor"), in favor of The
      Bank
      of New York Trust Company, N. A.,
      a
      national banking association, as collateral agent (in such capacity, the
      "Collateral Agent") for the benefit of the Secured Parties (as defined in the
      Collateral Agency Agreement referred to below). 

     

    1. This
      Supplement is executed and delivered pursuant to the terms of the Collateral
      Agency Agreement dated as of July 14, 2006 (as supplemented by this Supplement
      and as the same has been and may hereafter be supplemented by any other
      Collateral Agency Agreement Supplement or otherwise amended or modified, the
      "Collateral Agency Agreement"), made by the Pledgor in favor of the Collateral
      Agent for the benefit of the Collateral Agent and the Secured Parties. Terms
      defined in the Collateral Agency Agreement are used herein with their defined
      meanings. 

     

    2. Pursuant
      to the terms of the Collateral Agency Agreement, the Pledgor may incur
      additional secured indebtedness from time to time that is by its terms equally
      and ratably secured under the Collateral Agency Agreement and the Security
      Documents with the Obligations secured thereunder. The Pledgor and JPMorgan
      Chase Bank, N.A., as agent (the "Agent") have entered into that certain Credit
      Agreement, dated as of February 9, 2007 (the “2007 Credit Agreement”), pursuant
      to which the Pledgor initially may borrow, and/or request the issuance of
      letters of credit, in an aggregate amount up to $100,000,000. The terms of
      the
      2007 Credit Agreement require that the Pledgor equally and ratably secure its
      obligations under the 2007 Credit Agreement with the Obligations secured under
      the Collateral Agency Agreement and the Security Documents. The Pledgor hereby
      acknowledges and agrees that its obligations under the 2007 Credit Agreement
      shall be deemed to be "Additional Debt Obligations" pursuant to the Collateral
      Agency Agreement. 

     

    3. The
      Pledgor confirms and reaffirms the security interest in the Collateral granted
      to the Collateral Agent, for the benefit of the Collateral Agent and the Secured
      Parties under the Collateral Agency Agreement and the Security Documents; and
      hereby acknowledges and agrees that all references to "Secured Parties" in
      the
      Collateral Agency Agreement and the Security Documents shall be deemed to
      include all holders of the Additional Secured Debt as described on Schedule
      1
      hereto. 

     

    4. The
      Pledgor hereby represents and warrants that the representations and warranties
      contained in Section 3 of the Collateral Agency Agreement are true and correct
      on the date of this Supplement with all references therein and elsewhere in
      the
      Collateral Agency Agreement to "Additional Secured Debt", "Additional
      Debtholders" and "Additional Secured Debt Agent" to include the Additional
      Debt,
      Additional Debtholders and Additional Secured Debt Agent as listed on Schedule
      1
      hereto and on Schedule 1 to each Collateral Agency Agreement Supplement executed
      prior to the date hereof and with references therein to "this Collateral Agency
      Agreement" to mean the Collateral Agency Agreement as supplemented hereby.
      In
      addition, the Pledgor represents and warrants that this Supplement has been
      duly
      executed and delivered by 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    the
      Pledgor and constitutes a legal, valid and binding obligation of the Pledgor
      enforceable against the Pledgor in accordance with its terms, except as may
      be
      limited by applicable bankruptcy, insolvency, reorganization, fraudulent
      conveyance, moratorium or similar laws affecting the enforcement of creditors'
      rights and remedies generally and by equitable principles of general
      applicability. 

     

    5. The
      Additional Debtholders designated on Schedule 1 hereto, by their acceptance
      of
      the benefits of the Collateral Agency Agreement, hereby irrevocably designate
      the Collateral Agent to act on their behalf as specified in the Collateral
      Agency Agreement. Each such Additional Debtholder hereby irrevocably authorizes,
      and each holder of the Additional Debt Obligations by the acceptance of such
      Additional Debt Obligation and by the acceptance of the benefits of the
      Collateral Agency Agreement, shall be deemed irrevocably to authorize the
      Collateral Agent to take such action on its behalf under the Collateral Agency
      Agreement and instruments and agreements referred to therein and to exercise
      such powers and to perform such duties thereunder as are specifically delegated
      or required of the Collateral Agent by the terms thereof and such other powers
      as are reasonably incident thereto. 

     

    6. This
      Supplement is supplemental to the Collateral Agency Agreement, forms a part
      thereof and is subject to all the terms thereof. Each item listed on Schedule
      I
      hereto shall be and is included within the meaning of the terms "Additional
      Secured Debt", "Additional Debtholders" and "Additional Secured Debt Agent"
      as
      such terms are used in the Collateral Agency Agreement. 

     

    IN
      WITNESS WHEREOF, the Pledgor has caused this Supplement to be duly executed
      and
      delivered on the date first set forth above. 

     

    
      	 	
              AMERENENERGY
                RESOURCES 

              GENERATING
                COMPANY

               

              By: 
                ___________________________ 

              Name:
                ______________________   

              Title:  
                ______________________  

               

            

    

     

     

    
      
        2

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	 
	
              Accepted
                and acknowledged as of

               

              the
                date first above written by:

               

              THE
                BANK OF NEW YORK TRUST 

              COMPANY,
                N. A.,
                as Collateral Agent 

               

              By:
                ____________________________       

                    
                Name: _______________________   

                    
                Title:  _______________________   

               

            	 
	
              JPMORGAN
                CHASE BANK, N.A., as Agent 

              under
                the 2007 Credit Agreement on behalf of 

              itself
                and the Lenders 

               

              By: ____________________________     

                    
                Name: _______________________    

                    
                Title:   _______________________  

               

            	 

    

    

     

    
      
        3

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Schedule
      I

    to
      Collateral Agency Agreement Supplement

     

     

    ADDITIONAL
      SECURED DEBT

     

    

     

    
      	
              Title
                or Name of Additional 

              Secured
                Debt

               

            	
               

              Additional
                Debt Holders

               

            	
              Additional
                Secured

              Debt
                Agent

               

            
	
              “Obligations”
                as defined in the 

              Credit
                Agreement dated as of 

              February
                9, 2007 (the “2007 Credit 

              Agreement”)
                among Central 

              Illinois
                Public Service Company, 

              Central
                Illinois Light Company, 

              Illinois
                Power Company, 

              AmerenEnergy
                Resources

               Generating
                Company and 

              CILCORP
                Inc., as Borrowers, the 

              Lenders
                from time to time party 

              thereto
                and JPMorgan Chase Bank, 

              N.A.
                as Agent

               

            	
              The
                Lenders from time to time 

              party
                to the 2007 Credit 

              Agreement

               

            	
              JP
                Morgan Chase Bank, N.A., 

              as
                Agent

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