Document:

ex101.htm

 

CREDIT LINE AGREEMENT

	
Principal – Credit Limit

	
Loan Date

	
Maturity

	
$370,000

	
Revolving

	
September 15, 2013

 
 

	 Borrower: 	Anoteros, Inc.  	 Lender: 	South Bay Capital
	 	24328 Vermont Avenue, #300 	 	28 Vermont Avenue, #300
	 	Harbor City, CA 90710     	 	Harbor City, CA 90710

 

CREDIT LIMIT:                      $370,000                                           

EFFECTIVE DATE:                SEPTEMBER 15, 2011

Introduction.  This Credit Line Agreement ("Agreement") governs Borrower's line of credit line (the "Credit Line" or the "Credit Line Account") issued by South Bay Capital (“Lender”). Borrower and Lender hereby acknowledge and memorialize those certain advances against the Credit Line as specifically set forth on Schedule A hereto, which have been previously advanced pursuant to a verbal understanding. Both Borrower and Lender further acknowledge and agree that all previous amounts advanced shall be governed by the terms and conditions of this Agreement and any and all previous understandings, verbal or
otherwise, shall be void and this Line of Credit Agreement shall govern the terms and conditions under which funds have been and will be advanced pursuant to the this Line of Credit Agreement. In this Agreement, the word "Borrower," "you," "your," and "Applicant," means each and every person who signs this Agreement, including all Borrowers named above. The words "we," "us," "our," "Beneficiary," and "Lender," mean South Bay Capital.

Borrower agrees to the following terms and conditions:

Promise to Pay.  Borrower promises to pay South Bay Capital, or to order, the total of all credit advances, together with all costs and expenses for which Borrower is responsible under this Agreement.  Borrower will pay Borrower's Credit Line according to the payment terms set forth below.

Term.  The term of Borrower's Credit Line will begin as of the date of this Agreement ("Opening Date") and will continue until September 15, 2013, ("Maturity Date"). All indebtedness under this Agreement, if not already paid pursuant to the payment provisions below, will be due and payable upon maturity.  The draw period of Borrower's Credit Line will begin on the date hereof. Borrower may obtain credit advances during this period ("Draw Period").  Borrower agrees that Lender may renew or extend the period during which Borrower may obtain credit
advances or make payments.

Renewal or Extension.  Borrower further agrees that Lender may renew or extend Borrower's Credit Line Account, at or prior to the Maturity Date.  Any renew or extension of this Credit Line may be subject to an Annual Percentage Rate increase.

Repayment; Conversion.  All outstanding principal and accrued interest hereunder shall be repaid as follows, at the option of the Lender: (i) in cash upon the Maturity Date; or, (ii) the Lender shall have the right, but not the obligation, at any time, to convert all or any portion of the outstanding principal amount and accrued interest into fully paid and non-assessable shares of Borrower's Common Stock at the Conversion Price, as defined below. The “Conversion Price” shall be equal to seventy-five percent (75%) of the average of the closing price
of the Common Stock during the thirty (30) trading days immediately preceding the Conversion Date, with the number of shares of Common Stock to be issued upon each conversion hereunder shall be determined by dividing that portion of the principal and accrued interest to be converted by the then applicable Conversion Price. Otherwise, Borrower's Credit Line is payable in full upon maturity in a single balloon payment and upon maturity Borrower must pay the entire outstanding principal, interest and any other chargers then due.

Previous Advances. Lender and Borrower agree and acknowledge that such funds as specifically set forth on Schedule A hereto have been previously advanced to the Borrower and shall be included and applied to the total Credit Line available hereunder and the available Credit Line available as of the Effective Date of this Agreement shall be reduced to include all such previously advanced amounts.

 

  

  

  

How Borrower's Payments Are Applied. Unless otherwise agreed or required by applicable law, payments and other credits will be applied to interest through the end of the month when any payment is made, then to charges or fees, and then to the unpaid principal balance.

Receipt of Payments.  All such payments shall be is U.S. dollars and must be received by Lender at the remittance address shown above, unless Borrower is notified of such other address. Payments received at that address prior to 1:00 p.m. on any business day will be credited to the Credit Line as of the date received.  If Lender receives payments at other locations, such payments will be credited to the Credit Line, but crediting may be delayed for up to five (5) days after receipt.

Credit Limit. This Agreement covers a revolving line of credit for the principal amount of Three Hundred Seventy Thousand & 00/100 Dollars ($370,000), which will be Borrower's "Credit Limit" under this Agreement.  Borrower may borrow against the Credit Line, repay any portion of the amount borrowed, and re-borrow up to the amount of the Credit Limit.  Borrower's Credit Limit is the maximum amount Borrower may have outstanding at any one time.  Borrower agrees not to attempt, request, or obtain a credit advance that will make Borrower's Credit Line Account balance exceed Borrower's Credit
Limit.  Borrower's Credit Limit will not be increased should Borrower overdraw Borrower's Credit Line Account. If Borrower exceeds Borrower's Credit Limit, Borrower agrees to repay immediately the amount by which Borrower's Credit Line Account exceeds Borrower's Credit Limit, even if Lender has not yet billed Borrower.

Effective Disbursement Date.  The words "Effective Disbursement Date" as used in this Agreement mean a date, after the Effective Date, when this Agreement is accepted by Lender in the State of California. Borrower agrees and understands that Borrower may not receive any credit further advance under Borrower's Credit Line until after the Effective Disbursement Date of this Agreement.

Credit Advances. At any time or times prior to the Maturity Date, Borrower may request, by written notice to Lender, advances hereunder (each, an “Advance”) up to the maximum principal amount hereof, and Lender shall make such amounts available to Borrower in immediately available funds no later than five (5) business days after the date of such request.

No Periodic Statements.  Lender will not send Borrower any periodic statements. However, upon request, Lender will provide a periodic statement. It will show, among other things, credit advances, other charges, payments made, other credits, and the total pay-off amount.

Interest Rate. Interest shall accrue on the outstanding principal balance hereof, up to and including the maximum amount available under the Credit Line, at an annual rate of 8%. Notwithstanding anything to the contrary herein, the liability of Borrower for payment of interest under this Agreement shall not exceed the maximum amount permitted by law, and if any payment by Maker includes interest in excess of such maximum amount, Lender shall apply such excess to the reduction of principal or, if none is due, such
excess shall be refunded to Borrower. Interest shall be computed on the basis of a 360-day year.

Late Charge.  In addition to our rights upon default, Borrower's payment will be late if it is not received by us within 30 days after the "Maturity Date".  If Borrower's payment is late a late fee equal 1% of the balance due will be charged to Borrower.

Right to Credit Advances.  After the Effective Disbursement Date, we will honor Borrower's requests for credit advances up to Borrower's Credit Limit so long as:  (A) Borrower is not in default under the terms of this Agreement; (B) this Agreement has not been terminated or suspended; and (C) Borrower's Credit Line has not been cancelled as provided herein.

Default.  We may declare Borrower to be in default if any one or more of the following events occur: (A) Borrower fails to make any pay when due; (B) Borrower makes an assignment or sale of substantially all of its assets; (C) Borrower violates any provision of this Agreement; (D) any garnishments, attachment, or execution is issued against any material asset owned by Borrower; (E) Borrower exceeds Borrower's Credit Limit; or (H) Borrower files for bankruptcy or other insolvency relief, or an involuntarily petition under the provisions of the
Bankruptcy Code is filed against the Borrower.

 

  

  

  

Lender's Rights.  If Borrower is in default, we may terminate or suspend Borrower's Credit Line Account without prior notice.  However, Lender will notify Borrower in writing of Lender’s action as soon as possible.

Suspension.  If we terminate Borrower's Credit Line, Borrower will lose the right to obtain further credit advances.  However, all other terms of this Agreement will remain in effect and be binding upon Borrower.

Prepayment.  Borrower may repay all or any amount owing under this Credit Line at any time without penalty, except Lender will be entitled to receive all accrued interest, if any. Borrower agrees not to send us payments marked "paid in full", "without recourse", or similar language.  If Borrower sends such a payment, Lender may accept it without losing any of Lender’s rights under this Agreement, and Borrower will remain obligated to pay any further amount owed to Lender.  All written communications concerning disputed amounts, including any check or other payment instrument that indicates that
the payment constitutes "payment in full" of the amount owed or that is tendered with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to Lender at the address listed above.

Notices.  All notices will be sent to the address as shown above.  Notices will be mailed to Borrower at a different address if Borrower gives Lender written notice of a different address.   Borrower agrees to advise Lender promptly if Borrower changes Borrower's mailing address.

Transfer or Assignment.  Borrower's rights under this Agreement belong to Borrower only and may not be transferred or assigned.

Jury Waiver.  Lender and Borrower hereby waive the right to any jury trail in any action, proceeding, or counterclaim brought by either Lender or Borrower against the other.

Governing Law.  This Agreement will be governed by and interpreted in accordance with federal law and the laws of the State of California.  This Agreement has been accepted by Lender in the State of California.

Choice of Venue.  If there is a lawsuit, Borrower agrees upon Lender’s request to submit to the jurisdiction of the courts of Los Angeles County, State of California.

Caption Headings.  Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or define the provisions of this Agreement.

Interpretation.  Borrower agrees that this Agreement is the best evidence of Borrower's agreements with Lender. If Lender goes to court for any reason, Lender can use a copy, filmed or electronic, of any periodic statement, this Agreement, the security agreement or any other document to prove what Borrower owes Lender or that a transaction has take place.  The copy, microfilm, microfiche, or optical image will have the same validity as the original.  Borrower agrees that, except to the extent Borrower can show there is a billing error; Borrower's most current periodic statement is the best evidence of
Borrower's obligation to pay.

Severability.  If a court finds that any provision of this Agreement is not valid or should not be enforced, that fact by itself will not mean that the rest of this Agreement will not be valid or enforced.  Therefore, a court will enforce the rest of the provisions of this Agreement even if a provision of this Agreement may be found to be invalid or unenforceable.

[SIGNATURE PAGE FOLLOWS]

  

  

  

 

BORROWER

ANOTEROS, INC.

Dated:           October 7, 2011                                                              /s/ Michael J. Sinnwell,
Jr.                                                      

By: Michael J. Sinnwell, Jr.

Its: President and CEO

LENDER

SOUTH BAY CAPITAL

Dated:           September 15, 2011                                                        /s/ J.R.
Munoz                                                      

By: J.R. Munoz

Its: President

  

  

  

 

SCHEDULE A

Previous Credit Advances

	
DATE OF PREVIOUS ADVANCE

	
ADVANCE AMOUNT

	
06/03/2011

	
$30,000.00

	
06/17/2011

	
$40,000.00

	
08/01/2011

	
$10,000.00

	
08/18/2011

	
$5,000.00

	
08/18/2011

	
$7,000.00

	
09/02/2011

	
$4,000.00

	
09/06/2011

	
$25,000.00

	  	  
	
TOTAL

	
$121,000exhibit41.htm

Exhibit 4.1

ONE HUNDRED TWENTY-SIXTH

SUPPLEMENTAL INDENTURE

Southern California Edison Company

 

to

 

The Bank of New York Mellon Trust Company, N.A.

 

and

 

D. G. Donovan,

 

Trustees

 

 

 

 

 

DATED AS OF OCTOBER 6, 2011

  

  

  

This One Hundred Twenty-Sixth Supplemental Indenture, dated as of the 6th day of October, 2011, is entered into by and between Southern California Edison Company (between 1930 and 1947 named “Southern California Edison Company Ltd.”), a corporation duly organized and existing under and by virtue of the laws of the State of California and having its principal office and mailing address at 2244 Walnut Grove Avenue, in the City of Rosemead, County of Los Angeles, State of California 91770, and qualified to do business in the States of Arizona, New Mexico, and Nevada (hereinafter sometimes termed the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association having its mailing address at 2 North LaSalle Street, in the City of Chicago, State of Illinois 60602 (formerly named The Bank of New York Trust Company, N.A., successor Trustee to The Bank of New York, which was successor Trustee to Harris Trust and Savings Bank), and D. G. Donovan of 2 North LaSalle Street, in the City of Chicago, State of Illinois 60602 (successor Trustee to R. G. Mason, who was successor Trustee to Wells Fargo Bank, National Association, which was successor Trustee to Security Pacific National Bank, formerly named Security First National Bank and Security-First National Bank of Los Angeles, successor, by consolidation and merger, to Pacific-Southwest Trust & Savings Bank), as Trustees (hereinafter sometimes termed the “Trustees”);

 

WITNESSETH:

 

WHEREAS, the Company heretofore executed and delivered to said Harris Trust and Savings Bank and said Pacific-Southwest Trust & Savings Bank, Trustees, a certain Indenture of Mortgage or Deed of Trust dated as of October 1, 1923, which said Indenture was duly filed for record and recorded in the offices of the respective recorders of the following counties:  in the State of California-Fresno County, Volume 397 of Official Records, page 1; Imperial County, Book 1174 of Official Records, page 966; Inyo County, Volume 154 of Official Records, page 417; Kern County, Book 379 of Trust Deeds, page 196; Kings County, Volume 84 of Deeds, page 1; Los Angeles County, Book 2963 of Official Records, page 1; Madera County, Volume 9 of Official Records, page 63; Merced County, Volume 363 of Official Records, page 1; Modoc County, Volume 230 of Official Records, page 119 et seq.; Mono County, Volume 64 of Official Records, page 29; Orange County, Book 496 of Deeds, page 1; Riverside County, Book 594 of Deeds, page 252; San Bernardino County, Book 825 of Deeds, page 1; San Diego County, Series 5 Book 1964, page 84061; Santa Barbara County, Book 229 of Deeds, page 30; Stanislaus County, Volume 465 of Official Records, page 370; Tulare County, Volume 50 of Official Records, page 1; Tuolumne County, Volume 274 of Official Records, page 568; and Ventura County, Volume 33 of Official Records, page 1; in the State of Nevada-Clark County, Book 8 of Mortgages; Churchill County, Book 40 of Official Records, page 235; Lyon County, Book 39 of Mortgages, page 1; Mineral County, Book 13 of Official Records, page 794; Pershing County, Book 15 of Official Records, page 612; and Washoe County, Book 83 of Mortgages, page 301; in the State of Arizona-La Paz County, Instrument No. 83-000212 of Official Records; Mohave County, Book 11 of Realty Mortgages; Maricopa County, Docket 4349 of Official Records, page 197; and Yuma County, Docket 369, page 310; and in the offices of the county clerks of the following counties in the State of New Mexico-McKinley County, Book Mtg. 50, page 187 and filed as Document No. 10536 in the Chattel Records; and San Juan County, Book Mtg. 630, page 13 and filed as Document No. 17838 in the Chattel Records (hereinafter referred to as the “Original Indenture”), to secure the payment of the principal of and interest on all bonds of the Company at any time outstanding thereunder, and (as to certain such filings or recordings) the principal of and interest on all Debentures of 1919 (referred to in the Original Indenture and now retired) outstanding; and

 

WHEREAS, the Company has heretofore executed and delivered to the Trustees one hundred twenty-five certain supplemental indentures, dated, respectively, as of March 1, 1927, April 25, 1935, June 24, 1935, September 1, 1935, August 15, 1939, September 1, 1940, January 15, 1948, August 15, 1948, February 15, 1951, August 15, 1951, August 15, 1953, August 15, 1954, April 15, 1956, February 15, 1957, July 1, 1957, August 15, 1957, August 15, 1958, January 15, 1960, August 15, 1960, April 1, 1961, May 1, 1962, October 15, 1962, May 15, 1963, February 15, 1964, February 1, 1965, May 1, 1966, August 15, 1966, May 1, 1967, February 1, 1968, January 15, 1969, October 1, 1969, December 1, 1970, September 15, 1971, August 15, 1972, February 1, 1974, July 1, 1974, November 1, 1974, March 1, 1975, March 15, 1976, July 1, 1977, November 1, 1978, June 15, 1979, September 15, 1979, October 1, 1979, April 1, 1980, November 15, 1980, May 15, 1981, August 1, 1981, December 1, 1981, January 16, 1982, April 15, 1982, November 1, 1982, November 1, 1982, January 1, 1983, May 1, 1983, December 1, 1984, March 15, 1985, October 1, 1985, October 15, 1985, March 1, 1986, March 15, 1986, April 15, 1986, April 15, 1986, July 1, 1986, September 1, 1986, September 1, 1986, December 1, 1986, July 1, 1987, October 15, 1987, November 1, 1987, February 15, 1988, April 15, 1988, July 1, 1988, August 15, 1988, September 15, 1988, January 15, 1989, May 1, 1990, June 15, 1990, August 15, 1990, December 1, 1990, April 1, 1991, May 1, 1991, June 1, 1991, December 1, 1991, February 1, 1992, April 1, 1992, July 1, 1992, July 15, 1992, December 1, 1992, January 15, 1993, March 1, 1993, June 1, 1993, June 15, 1993, July 15, 1993, September 1, 1993, October 1, 1993, February 21, 2002, February 15, 2003, October 15, 2003, December 15, 2003, January 7, 2004, February 26, 2004, March 23, 2004, December 6, 2004, January 11, 2005, January 27, 2005, March 17, 2005, June 1, 2005, June 20, 2005, August 24, 2005, December 12, 2005, January 24, 2006, April 4, 2006, December 4, 2006, January 14, 2008, August 13, 2008, October 9, 2008, March 18, 2009, March 9, 2010, August 26, 2010, September 15, 2010, December 13, 2010, May 12, 2011, May 17, 2011 and August 30, 2011 which modify, amend and supplement the Original Indenture, such Original Indenture, as so modified, amended and supplemented, being hereinafter referred to as the “Amended Indenture”; and

  

2

  

WHEREAS, there have been issued and are now outstanding and entitled to the benefits of the Amended Indenture, First and Refunding Mortgage Bonds as follows:

	
Series

	
Due Date

	
Principal Amount

	 
	
2004A

	
2014

	
300,000,000

	 
	
2004B

	
2034

	
525,000,000

	 
	
2004D

	
2035

	
79,400,000

	 
	
2004E

	
2035

	
65,000,000

	 
	
2004F

	
2015

	
300,000,000

	 
	
2004G

	
2035

	
350,000,000

	 
	
2005A

	
2016

	
400,000,000

	 
	
2005B

	
2036

	
250,000,000

	 
	
2005D

	
2029

	
203,460,000

	 
	
2005E

	
2035

	
350,000,000

	 
	
2005F

	
2035

	
248,585,000

	 
	
2006A

	
2036

	
350,000,000

	 
	
2006C

	
2028

	
196,000,000

	 
	
2006D

	
2033

	
135,000,000

	 
	
2006E

	
2037

	
400,000,000

	 
	
2008A

	
2038

	
600,000,000

	 
	
2008B

	
2018

	
400,000,000

	 
	
2008C

	
2014

	
500,000,000

	 
	
2009A

	
2039

	
500,000,000

	 
	
2009B

	
2014

	
250,000,000

	 
	
2010A

	
2040

	
500,000,000

	 
	
2010B

	
2040

	
500,000,000

	 
	
2010C

	
2029

	
100,000,000

	 
	
2010D

	
2031

	
75,000,000

	 
	
2011A

	
2021

	
500,000,000

	 
	
2011B

	
2029

	
55,540,000

	 
	
2011C

	
2031

	
30,000,000

	 

 

WHEREAS, the Company proposes presently to issue in fully registered form only, without coupons, a new series of the Company’s First and Refunding Mortgage Bonds, pursuant to resolutions of the Board of Directors or the Executive Committee of the Board of Directors of the Company, or actions by one or more officers of the Company, said new series to be designated as Series 2011D, Due 2014 (referred to herein as the “Bonds”), and the Company’s authorized bonded indebtedness has been increased to provide for the issuance of the Bonds; and

 

WHEREAS, the Company has acquired real and personal property since the execution and delivery of the One Hundred Twenty-Fifth Supplemental Indenture which, with certain exceptions, is subject to the lien of the Amended Indenture by virtue of the after-acquired property clauses and other clauses thereof, and the Company now desires in this One Hundred Twenty-Sixth Supplemental Indenture (hereinafter sometimes referred to as this “Supplemental Indenture”) expressly to convey and confirm unto the Trustees all properties, whether real, personal or mixed, now owned by the Company (with the exceptions hereinafter noted); and

 

  

3

  

WHEREAS, for the purpose of further safeguarding the rights and interests of the holders of bonds under the Amended Indenture, the Company desires, in addition to such conveyance, to enter into certain covenants with the Trustees; and

 

WHEREAS, the making, executing, acknowledging, delivering and recording of this Supplemental Indenture have been duly authorized by proper corporate action of the Company, and the Trustees have each duly determined to execute and accept this Supplemental Indenture;

 

NOW, THEREFORE, in order further to secure the payment of the principal of and interest on all of the bonds of the Company at any time outstanding under the Amended Indenture, as from time to time amended and supplemented, including specifically, but without limitation, the First and Refunding Mortgage Bonds, Series 2004A, Series 2004B, Series 2004D, Series 2004E, Series 2004F, Series 2004G, Series 2005A, Series 2005B, Series 2005D, Series 2005E, Series 2005F, Series 2006A, Series 2006C, Series 2006D, Series 2006E, Series 2008A, Series 2008B, Series 2008C, Series 2009A, Series 2009B, Series 2010A, Series 2010B, Series 2010C, Series 2010D, Series 2011A, Series 2011B and Series 2011C referred to above, all of said bonds having been heretofore issued and being now outstanding, and the Bonds, in the initial aggregate principal amount of $150,000,000, to be presently issued and outstanding; and to secure the performance and observance of each and every of the covenants and agreements contained in the Amended Indenture, and without in any way limiting (except as hereinafter specifically provided) the generality or effect of the Original Indenture or any of said supplemental indentures executed and delivered prior to the execution and delivery of this Supplemental Indenture insofar as by any provision of any said Indenture any of the properties hereinafter referred to are subject to the lien and operation thereof, but to such extent (except as hereinafter specifically provided) confirming such lien and operation, and for and in consideration of the premises, and of the sum of One Dollar ($1.00) to the Company duly paid by the Trustees, at or upon the ensealing and delivery of these presents (the receipt whereof is hereby acknowledged), the Company has executed and delivered this Supplemental Indenture and has granted, bargained, sold, aliened, released, conveyed, assigned, transferred, warranted, mortgaged, and pledged, and by these presents does grant, bargain, sell, alien, release, convey, assign, transfer, warrant, mortgage, and pledge unto the Trustees, their successors in trust and their assigns forever, in trust, with power of sale, all of the following:

 

All and singular the plants, properties (including goods which are or are to become fixtures), equipment, and generating, transmission, feeding, storing, and distributing systems, and facilities and utilities of the Company in the Counties of Fresno, Imperial, Inyo, Kern, Kings, Los Angeles, Madera, Merced, Modoc, Mono, Orange, Riverside, San Bernardino, San Diego, Santa Barbara, Stanislaus, Tulare, Tuolumne, and Ventura, in the State of California, Churchill, Clark, Lyon, Mineral, Pershing, and Washoe, in the State of Nevada, La Paz and Maricopa, in the State of Arizona, and McKinley and San Juan, in the State of New Mexico, and elsewhere either within or without said States, with all and singular the franchises, ordinances, grants, easements, rights-of-way, permits, privileges, contracts, appurtenances, tenements, and other rights and property thereunto appertaining or belonging, as the same now exist and as the same or any and all parts thereof may hereafter exist or be improved, added to, enlarged, extended or acquired in said Counties, or elsewhere either within or without said States;

 

Together with, to the extent permitted by law, all other properties, real, personal, and mixed (including goods which are or are to become fixtures), except as herein expressly excepted, of every kind, nature, and description, including those kinds and classes of property described or referred to (whether specifically or generally or otherwise) in the Original Indenture and/or in any one or more of the indentures supplemental thereto, now or hereafter owned, possessed, acquired or enjoyed by or in any manner appertaining to the Company, and the reversion and reversions, remainder and remainders, tolls, incomes, revenues, rents, issues, and profits thereof; it being hereby intended and expressly agreed that all the business, franchises, and properties, real, personal, and mixed (except as herein expressly excepted), of every kind and nature whatsoever and wherever situated, now owned, possessed, or enjoyed, and which may hereafter be in anywise owned, possessed, acquired, or enjoyed by the Company, shall be as fully embraced within the provisions hereof and be subject to the lien created hereby and by the Original Indenture and said supplemental indentures executed and delivered prior to the execution and delivery of this Supplemental Indenture, as if said properties were particularly described herein;

 

  

4

  

Saving and excepting, however, anything contained herein or in the granting clauses of the Original Indenture, or of the above mentioned indentures supplemental thereto, or elsewhere contained in the Original Indenture or said supplemental indentures, to the contrary notwithstanding, from the property hereby or thereby mortgaged and pledged, all of the following property (whether now owned by the Company or hereafter acquired by it):  all bills, notes, warrants, customers' service and extension deposits, accounts receivable, cash on hand or deposited in banks or with any governmental agency, contracts, choses in action, operating agreements and leases to others (as distinct from the property leased and without limiting any rights of the Trustees with respect thereto under any of the provisions of the Amended Indenture), all bonds, obligations, evidences of indebtedness, shares of stock and other securities, and certificates or evidences of interest therein, all office furniture and office equipment, motor vehicles and tools therefor, all materials, goods, merchandise, and supplies acquired for the purpose of sale in the ordinary course of business or for consumption in the operation of any property of the Company, and all electrical energy and other materials or products produced by the Company for sale, distribution, or use in the ordinary conduct of its business--other than any of the foregoing which has been or may be specifically transferred or assigned to or pledged or deposited with the Trustees, or any of them, under the Amended Indenture, or required by the provisions of the Amended Indenture, so to be; provided, however, that if, upon the occurrence of a default under the Amended Indenture, the Trustees, or any of them, or any receiver appointed under the Amended Indenture, shall enter upon and take possession of the mortgaged and pledged property, the Trustees, or such Trustee or such receiver may, to the extent permitted by law, at the same time likewise take possession of any and all of the property excepted by this paragraph then on hand which is used or useful in connection with the business of the Company, and collect, impound, use, and administer the same to the same extent as if such property were part of the mortgaged and pledged property and had been specifically mortgaged and pledged hereunder, unless and until such default shall be remedied or waived and possession of the mortgaged and pledged property restored to the Company, its successors or assigns, and provided further, that upon the taking of such possession and until possession shall be restored as aforesaid, all such excepted property of which the Trustees, or such Trustee or such receiver shall have so taken possession, shall be and become subject to the lien hereof, subject, however, to any liens then existing on such excepted property.

 

And the Company does hereby covenant and agree with the Trustees, and the Trustees with the Company, as follows:

 

PART I

 

The Trustees shall have and hold all and singular the properties conveyed, assigned, mortgaged and pledged hereby or by the Amended Indenture, including property hereafter as well as heretofore acquired, in trust for the equal and proportionate benefit and security of all present and future holders of the bonds and interest obligations issued and to be issued under the Amended Indenture, as from time to time amended and supplemented, without preference of any bond over any other bond by reason of priority in date of issuance, negotiation, time of maturity, or for any other cause whatsoever, except as otherwise in the Amended Indenture, as from time to time amended and supplemented, permitted, and to secure the payment of all bonds now or at any time hereafter outstanding under the Amended Indenture, as from time to time amended and supplemented, and the performance of and compliance with the covenants and conditions of the Amended Indenture, as from time to time amended and supplemented, and under and subject to the provisions and conditions and for the uses set forth in the Amended Indenture, as from time to time amended and supplemented.

 

PART II

 

Article I to Article Twenty-One, inclusive, of the Amended Indenture are hereby incorporated by reference herein and made a part hereof as fully as though set forth at length herein.

 

  

5

  

PART III

 

All of the terms appearing herein shall be defined as the same are now defined under the provisions of the Amended Indenture, except when expressly herein otherwise defined.

 

PART IV

 

The Bonds are not redeemable prior to their stated maturity.

 

PART V

 

The Bonds shall be in substantially the form set forth in a resolution of the Board of Directors or the Executive Committee of the Board of Directors of the Company, or a certificate evidencing action by an officer or officers of the Company, and may have placed thereon such letters, numbers or other marks of identification and such legends or endorsements as set forth in this Supplemental Indenture or as may be required to comply with the Securities Act of 1933, as amended (the “Securities Act”), any other laws, any other rules of the Securities and Exchange Commission or any securities exchange, or as may, consistently herewith, be determined to be necessary or appropriate by the officers executing the Bonds, as evidenced by their execution of the Bonds.

 

PART VI

 

All, but only, the duties, responsibilities, liabilities, immunities, rights, powers, and indemnities against liability, of the Trustees and each of them, with respect to the trust created by the Amended Indenture, are hereby assumed by and given to the Trustees, and each of them, with respect to the trust hereby created, and are so assumed and given subject to all the terms and provisions with respect thereto as set forth in the Amended Indenture, as fully and to all intents and purposes as if the same were herein set forth at length; and this Supplemental Indenture is executed by the Trustees for the purpose of evidencing their consent to the foregoing.

 

The recitals contained herein, except the recital that the Trustees have each duly determined to execute and deliver this Supplemental Indenture, shall be taken as the statements of the Company, and the Trustees assume no responsibility for the correctness thereof.  The Trustees make no representations as to the validity of this Supplemental Indenture.

 

PART VII

 

As amended and supplemented by this Supplemental Indenture, the Amended Indenture is in all respects ratified and confirmed, and the Original Indenture and all said indentures supplemental thereto including this Supplemental Indenture, shall be read, taken, and considered as one instrument, and the Company agrees to conform to and comply with all and singular the terms, provisions, covenants, and conditions set forth therein and herein.

 

PART VIII

 

In case any one or more of the provisions contained in this Supplemental Indenture should be invalid, illegal, or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions contained in this Supplemental Indenture, and, to the extent and only to the extent that any such provision is invalid, illegal, or unenforceable, this Supplemental Indenture shall be construed as if such provision had never been contained herein.

 

PART IX

 

This Supplemental Indenture may be simultaneously executed and delivered in any number of counterparts, each of which, when so executed and delivered, shall be deemed to be an original.

 

  

6 

  

 

 

IN WITNESS WHEREOF, the Company has caused its corporate name and seal to be hereunto affixed and this Supplemental Indenture to be signed by its President, or one of its Vice Presidents and attested by the signature of its Secretary or one of its Assistant Secretaries, for and in its behalf; said The Bank of New York Mellon Trust Company, N.A. has caused its name to be hereunto affixed, and this Supplemental Indenture to be signed, by one of its Vice Presidents or Assistant Vice Presidents or Agents; and said D. G. Donovan has hereunto executed this Supplemental Indenture; all as of the day and year first above written.  Executed in counterparts and in multiple.

 

 

 

	 	 SOUTHERN CALIFORNIA EDISON COMPANY
	 	
 

 

/s/ ROBERT C. BOADA

 

	 	 ROBERT C. BOADA
	 	 Vice President and Treasurer

 

 

 

 

	 Attest:	 
	
 

 

/s/ BONITA J. SMITH

 

	 
	 BONITA J. SMITH	 
	 Assistant Secretary	 

 

(Seal)

 

 

 

 

 

 

 

 

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

 

/s/ M. CALLAHAN

 

	 	 Name:  M. CALLAHAN
	 	 Title:  Vice President
	 	
 

 

/s/ D. G. DONOVAN

 

	 	 D. G. DONOVAN
	 	 Trustee

 

 

 

 

  

  

  

 

 

 

STATE OF CALIFORNIA        }

 }  ss.

COUNTY OF LOS ANGELES  }

 

 

On this 6th day of October, 2011, before me, JEAN E. LAMBRECHT, a Notary Public, personally appeared ROBERT C. BOADA and BONITA J. SMITH, who proved to me on the basis of satisfactory evidence to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons, or the entity on behalf of which the persons acted, executed the instrument.

 

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

 

WITNESS my hand and official seal.

 

 

	 	
 

 

 

/s/ JEAN E. LAMBRECHT

 

	 	 Notary Public, State of California

 

 

(Seal)

 

My Commission expires on June 8, 2013.

 

  

  

  

 

STATE OF ILLINOIS    }

  }  ss.

COUNTY OF COOK     }

 

On this 6th day of October, 2011, before me, JULIE MEADORS, a Notary Public, personally appeared M. CALLAHAN, Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., Trustee, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that she executed the same in her authorized capacity, and that by her signature on the instrument the person, or entity on behalf of which the person acted, executed the instrument.

 

WITNESS my hand and official seal.

 

 

	 	
 

 

/s/ JULIE MEADORS

 

	 	 Notary Public, State of Illinois

 

 

 

 

(Seal)

 

My Commission expires on January 7, 2012.

 

 

 

 

STATE OF ILLINOIS  }

}   ss.

COUNTY OF COOK   }

 

 

On this 6th day of October, 2011, before me, JULIE MEADORS, a Notary Public, personally appeared D. G. DONOVAN, Trustee, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or entity on behalf of which the person acted, executed the instrument.

 

WITNESS my hand and official seal.

 

 

 

 

	 	
 

 

/s/ JULIE MEADORS

 

	 	 Notary Public, State of Illinois

 

 

 

(Seal)

 

My Commission expires on January 7, 2012.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00194-of-00352.parquet"}]]