Document:

Exhibit 4(c)

    Exhibit
      4(c)

    

    

    
      

    

    

    

    

    

    PPL
      ENERGY SUPPLY, LLC,

    Issuer

     

    TO

     

    JPMORGAN
      CHASE BANK, N.A.

    (formerly
      known as The Chase Manhattan Bank),

    Trustee

     

    _________

     

    Supplemental
      Indenture No. 6

     

    Dated
      as of July 1, 2006

     

    Supplemental
      to the Indenture

    dated
      as of October 1, 2001

     

    Increasing
      the aggregate principal amount 

    of
      the Securities of Series No. 5 under the Indenture 

    designated
      Senior Notes, 6.20% Series due 2016 to $450,000,000

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SUPPLEMENTAL
      INDENTURE NO. 6,
      dated
      as of July 1, 2006 between PPL
      ENERGY SUPPLY, LLC,
      a
      limited liability company duly organized and existing under the laws of the
      State of Delaware (herein called the “Company”), and JPMORGAN
      CHASE BANK, N.A.,
      a
      national banking association (formerly known as The Chase Manhattan Bank),
      as
      Trustee (herein called the “Trustee”), under the Indenture dated as of October
      1, 2001 (hereinafter called the “Original Indenture”), this Supplemental
      Indenture No. 6 being supplemental thereto. The Original Indenture and any
      and
      all indentures and instruments supplemental thereto are hereinafter sometimes
      collectively called the “Indenture.”

     

    Recitals
      of the Company

     

    The
      Original Indenture was authorized, executed and delivered by the Company to
      provide for the issuance by the Company from time to time of its Securities
      (such term and all other capitalized terms used herein without definition having
      the meanings assigned to them in the Original Indenture), to be issued in one
      or
      more series as contemplated therein.

     

    As
      contemplated by Sections 301 and 1201(f) of the Original Indenture, (i) the
      Company previously established a series of Securities to be designated “Senior
      Notes, 6.20% Series due 2016” pursuant to Supplemental Indenture No. 4, dated as
      of May 1, 2006, to the Original Indenture, such series to be limited in
      aggregate principal amount (except as contemplated in Section 301(b) and the
      last paragraph of Section 301 of the Original Indenture) to $300,000,000 (such
      series of Securities hereinafter and in such Supplemental Indenture No. 4
      sometimes called “Series No. 5”) and (ii) as contemplated in the last
      paragraph of Section 301 of the Original Indenture, the Company now wishes
      to
      increase the aggregate principal amount of such series and issue additional
      Securities of Series No. 5.

     

    The
      Company has duly authorized the execution and delivery of this Supplemental
      Indenture No. 6 to increase the aggregate principal amount of such series and
      provide for the issuance of additional Securities of Series No. 5 (the
“Additional Securities”), and has duly authorized the issuance of such
      Additional Securities. All acts necessary to make this Supplemental Indenture
      No. 6 a valid agreement of the Company and to make the Additional Securities
      of
      Series No. 5 valid obligations of the Company have been
      performed.

     

    NOW,
      THEREFORE, THIS SUPPLEMENTAL INDENTURE NO. 6
      WITNESSETH:

     

    For
      and
      in consideration of the premises and of the purchase of the Additional
      Securities by the Holders thereof, it is mutually covenanted and agreed, for
      the
      equal and proportionate benefit of all Holders of the Securities of Series
      No. 5 (including the Additional Securities), as follows:

     

    ARTICLE
      ONE

     

    Fifth
      Series of Securities

     

    Section
      1.  The
      aggregate principal amount of the series of Securities designated “Senior Notes,
      6.20% Series due 2016” and sometimes called the Securities of Series No. 5 under
      the Indenture is hereby increased and limited in aggregate principal amount
      (except as contemplated in Section 301(b) and the last paragraph of Section
      301
      of the Original Indenture) to $450,000,000, and the additional Securities shall
      constitute a part of the Securities of Series No. 5. The form and terms of
      the
      Additional Securities of Series No. 5 shall be established in an Officer’s
      Certificate of the Company, as contemplated by Section 301 of the Original
      Indenture.

     

    Section
      2.  The
      Company hereby agrees that, if the Company shall make any deposit of money
      and/or Eligible Obligations with respect to any Securities of Series No. 5,
      including the Additional Securities, or any portion of the principal amount
      thereof, as contemplated by Section 701 of the Indenture, the Company shall
      not
      deliver an Officer’s Certificate described in clause (z) in the first paragraph
      of said Section 701 unless the Company shall also deliver to the Trustee,
      together with such Officer’s Certificate, either:

     

    (A)  an
      instrument wherein the Company, notwithstanding the satisfaction and discharge
      of its indebtedness in respect of such Securities, shall assume the obligation
      (which shall be absolute and unconditional) to irrevocably deposit with the
      Trustee or Paying Agent such additional sums of money, if any, or additional
      Eligible Obligations (meeting the requirements of Section 701), if any, or
      any
      combination thereof, at such time or times, as shall be necessary, together
      with
      the money and/or Eligible Obligations theretofore so deposited, to pay when
      due
      the principal of and premium, if any, and interest due and to become due on
      such
      Securities or portions thereof, all in accordance with and subject to the
      provisions of said Section 701; provided,
      however,
      that
      such instrument may state that the obligation of the Company to make additional
      deposits as aforesaid shall arise only upon the delivery to the Company by
      the
      Trustee of a notice asserting the deficiency and showing the calculation thereof
      and shall continue only until the Company shall have delivered to the Trustee
      an
      opinion of an independent public accountant of nationally recognized standing
      to
      the effect that no such deficiency exists and showing the calculation of the
      sufficiency of the deposits then held by the Trustee; or

     

    (B)  an
      Opinion of Counsel to the effect that the Holders of such Securities, or
      portions of the principal amount thereof, will not recognize income, gain or
      loss for United States federal income tax purposes as a result of the
      satisfaction and discharge of the Company’s indebtedness in respect thereof and
      will be subject to United States federal income tax on the same amounts, at
      the
      same times and in the same manner as if such satisfaction and discharge had
      not
      been effected.

     

    Section
      3.  The
      Company agrees that for so long as any Securities of Series No. 5,
      including the Additional Securities, shall remain Outstanding, without consent
      of the Holders of a majority in principal amount of the Outstanding Securities
      of such series, the Company shall not create, incur or assume any Lien (other
      than Permitted Liens) upon any property of the Company, whether now owned or
      hereafter acquired, in order to secure any Debt of the Company. The foregoing
      agreement shall not restrict the ability of Subsidiaries or Affiliates of the
      Company to create, incur or assume any Lien upon their properties or
      assets.

     

    Section
      4.  The
      provisions of Section 3 above shall not prohibit the creation, issuance,
      incurrence or assumption of any Lien if either

     

    (A)  the
      Company shall make effective provision whereby all Securities of Series
      No. 5 then Outstanding shall be secured equally and ratably with all other
      Debt then outstanding under such Lien; or

     

    (B)  the
      Company shall deliver to the Trustee bonds, notes or other evidences of
      indebtedness secured by the Lien which secures such Debt (hereinafter called
      “Secured Obligations”) (I) in an aggregate principal amount equal to the
      aggregate principal amount of the Securities of Series No. 5 then Outstanding,
      (II) maturing (or being subject to mandatory redemption) on such dates and
      in
      such principal amounts that, at each Stated Maturity of the Outstanding
      Securities of Series No. 5, there shall mature (or be redeemed) Secured
      Obligations equal in principal amount to such Securities then to mature and
      (III) containing, in addition to any mandatory redemption provisions applicable
      to all Secured Obligations outstanding under such Lien and any mandatory
      redemption provisions contained therein pursuant to clause (II) above, mandatory
      redemption provisions correlative to the provisions, if any, for the mandatory
      redemption (pursuant to a sinking fund or otherwise) of the Securities of Series
      No. 5 or for the redemption thereof at the option of the Holder, as well as
      a provision for mandatory redemption upon an acceleration of the maturity of
      all
      Outstanding Securities of Series No. 5 following an Event of Default (such
      mandatory redemption to be rescinded upon the rescission of such acceleration);
      it being expressly understood that such Secured Obligations (X) may, but need
      not, bear interest, (Y) may, but need not, contain provisions for the redemption
      thereof at the option of the issuer, any such redemption to be made at a
      redemption price or prices not less than the principal amount thereof and (Z)
      shall be held by the Trustee for the benefit of the Holders of all Securities
      of
      Series No. 5 from time to time Outstanding subject to such terms and
      conditions relating to surrender to the Company, transfer restrictions, voting,
      application of payments of principal and interest and other matters as shall
      be
      set forth in an indenture supplemental hereto specifically providing for the
      delivery to the Trustee of such Secured Obligations.

     

    Section
      5.  If
      the
      Company shall elect either of the alternatives described in Section 4 above,
      the
      Company shall deliver to the Trustee:

     

    (A)  an
      indenture supplemental to the Original Indenture (I) together with any
      appropriate inter-creditor arrangements, whereby such Securities of Series
      No. 5 then Outstanding shall be secured by the Lien referred to in Section
      4 above equally and ratably with all other indebtedness secured by such Lien
      or
      (II) providing for the delivery to the Trustee of Secured Obligations;
      and

     

    (B)  an
      Officer’s Certificate (I) stating that, to the knowledge of the signer, (1) no
      Event of Default has occurred and is continuing and (2) no event has occurred
      and is continuing which entitles the secured party under such Lien to accelerate
      the maturity of the indebtedness outstanding thereunder and (II) stating the
      aggregate principal amount of indebtedness issuable, and then proposed to be
      issued, under and secured by such Lien; and

     

    (C)  an
      Opinion of Counsel (I) if the Securities of Series No. 5 then Outstanding
      are to be secured by such Lien, to the effect that all such Securities then
      Outstanding are entitled to the benefit of such Lien equally and ratably with
      all other indebtedness outstanding under such Lien or (II) if Secured
      Obligations are to be delivered to the Trustee, to the effect that such Secured
      Obligations have been duly issued under such Lien and constitute valid
      obligations, entitled to the benefit of such Lien equally and ratably with
      all
      other indebtedness then outstanding under such Lien.

     

    Section
      6.  The
      Company agrees that for so long as any Securities of Series No. 5 shall remain
      Outstanding, and except for the sale of the properties and assets of the Company
      substantially as an entirety pursuant to Article Eleven of the Original
      Indenture, and other than assets required to be sold to conform with
      governmental requirements, the Company shall not, and shall not permit any
      of
      its Subsidiaries to, consummate any Asset Sale, if the aggregate net book value
      of all such Asset Sales consummated during the four calendar quarters
      immediately preceding any date of determination would exceed 15% of the
      consolidated assets of the Company and its consolidated Subsidiaries as of
      the
      beginning of the Company’s most recently ended full fiscal quarter; provided,
      however,
      that
      any such Asset Sale will be disregarded for purposes of the 15% limitation
      specified above (i) if any such Asset Sale is in the ordinary course of
      business, (ii) to the extent that such assets are worn out or are no longer
      useful or necessary in connection with the operation of the business of the
      Company or its Subsidiaries, (iii) to the extent such assets are being
      transferred to a wholly-owned Subsidiary of the Company, (iv) to the extent
      any
      such assets subject to any such Asset Sale involve transfers of assets of or
      equity interests in connection with (a) the formation of any joint venture
      between the Company or any of its Subsidiaries and any other entity, or (b)
      any
      project development and acquisition activities, and (v) if the proceeds thereof
      (a) are, within 12 months of such Asset Sale, invested or reinvested by the
      Company or any Subsidiary in a Permitted Business, (b) are used by the Company
      or a Subsidiary to repay Debt of the Company or such Subsidiary, or (c) are
      retained by the Company or its Subsidiaries. Additionally, if prior to any
      Asset
      Sale that otherwise would cause the 15% limitation to be exceeded, Moody’s and
      S&P confirm the then current long term debt rating of such Securities of
      Series No. 5 after giving effect to such Asset Sale, such Asset Sale shall
      also be disregarded for purposes of the foregoing limitations.

     

    Section
      7.  So
      long
      as any Securities of Series No. 5 shall remain Outstanding, the following
      event shall be an Event of Default with respect to the Securities of Series
      No.
      5: the occurrence of a matured event of default, as defined in any instrument
      of
      the Company under which there may be issued or evidenced any Debt of the
      Company, that has resulted in the acceleration of such Debt in excess of
      $25,000,000, or any default in payment of Debt in excess of $25,000,000 at
      final
      maturity, after the expiration of any applicable grace or cure periods;
provided,
      however,
      that
      the waiver or cure of any such default under any such instrument or Debt shall
      constitute a waiver and cure of the corresponding Event of Default under the
      Indenture and the rescission and annulment of the consequences thereof shall
      constitute a rescission and annulment of the corresponding consequences under
      the Indenture.

     

    Section
      8.  So
      long
      as any Securities of Series No. 5 shall remain Outstanding, for purposes of
      Section 1101(a) of the Indenture, “corporation” shall be deemed to refer to a
      corporation or limited liability company. For all other purposes, the definition
      of “corporation” in Section 101 of the Original Indenture shall
      govern.

     

    Section
      9.  For
      the
      purposes of this Article One, except as otherwise expressly provided or unless
      the context otherwise requires:

     

    (A)  “Asset
      Sale” shall mean any sale of any assets of the Company or its Subsidiaries
      including by way of the sale by the Company or any of its Subsidiaries of equity
      interests in such Subsidiaries.

     

    (B)  “Debt”,
      with respect to any Person, means (A) indebtedness of such Person for borrowed
      money evidenced by a bond, debenture, note or other similar written instrument
      or agreement by which such Person is obligated to repay such borrowed money
      and
      (B) any guaranty by such Person of any such indebtedness of another Person.
      “Debt” does not include, among other things, (W) indebtedness of such Person
      under any installment sale or conditional sale agreement or any other agreement
      relating to indebtedness for the deferred purchase price of property or
      services, (X) any trade obligations (including obligations under agreements
      relating to the purchase and sale of any commodity, including power purchase
      or
      sale agreements, and any commodity hedges or derivatives regardless or whether
      such transaction is a “financial” or physical transaction) or other obligations
      of such Person in the ordinary course of business, (Y) obligations of such
      Person under any lease agreement (including any lease intended as security),
      whether or not such obligations are required to be capitalized on the balance
      sheet of such Person under generally accepted accounting principles, or (Z)
      liabilities secured by any Lien on any property owned by such Person if and
      to
      the extent that such Person has not assumed or otherwise become liable for
      the
      payment thereof.

     

    (C)  “Lien”
      means any lien, mortgage, deed of trust, pledge or security interest, in each
      case, intended to secure the repayment of Debt, except for any Permitted
      Lien.

     

    (D)  “Material
      Subsidiary” means PPL Global, LLC, a Delaware limited liability company, PPL
      EnergyPlus, LLC, a Delaware limited liability company, or PPL Generation, LLC,
      a
      Delaware limited liability company.

     

    (E)  “Moody’s”
      means Moody’s Investors Service, Inc. and its successors and assigns, or absent
      a successor, or if such entity ceases to rate the Securities of Series
      No. 5, such other nationally recognized statistical rating organization as
      the Company may designate by notice to the Trustee.

     

    (F)  “Permitted
      Business” means a business that is the same or similar to the business of the
      Company or any Subsidiary as of the date that Securities of Series No. 5 are
      first authenticated hereunder, or any business reasonably related
      thereto.

     

    (G)  “Permitted
      Liens” means 

     

    (i)  any
      Liens
      existing at May 18, 2006;

     

    (ii)  any
      vendors’ Liens, purchase money Liens and other Liens on property at the time of
      acquisition thereof by the Company and Liens to secure or provide for the
      construction or improvement of property provided that no such Lien shall extend
      to or cover any other property of the Company;

     

    (iii)  any
      Liens
      on cash or securities (other than limited liability company interests issued
      by
      any Material Subsidiary), including any cash or securities on hand or in banks
      or other financial institutions, deposit accounts and interests in general
      or
      limited partnerships;

     

    (iv)  any
      Liens
      on the equity interest of any Subsidiary that is not a Material
      Subsidiary;

     

    (v)  any
      Liens
      on property or shares of capital stock, or arising out of any Debt of any
      corporation existing at the time the corporation becomes or is merged or
      consolidated into the Company;

     

    (vi)  any
      Liens
      in connection with the issuance of tax-exempt industrial development or
      pollution control bonds or other similar bonds issued pursuant to Section 103(b)
      of the Internal Revenue Code of 1986, as amended (or any successor provision),
      to finance all or any part of the purchase price of or the cost of constructing,
      equipping or improving property, provided that such Liens are limited to the
      property acquired or constructed or improved and to substantially unimproved
      real property on which such construction or improvement is located; provided,
      further,
      that
      the Company may further secure all or any part of such purchase price or the
      cost of construction or improvement by an interest on additional property of
      the
      Company only to the extent necessary for the construction, maintenance and
      operation of, and access to, such property so acquired or constructed or such
      improvement;

     

    (vii)  any
      Liens
      on contracts, leases and other agreements of whatsoever kind and nature; any
      Liens on contract rights, bills, notes and other instruments; any Liens on
      revenues, income and earnings, accounts, accounts receivable and unbilled
      revenues, claims, credits, demands and judgments; any Liens on governmental
      and
      other licenses, permits, franchises, consents and allowances; and any Liens
      on
      patents, patent licenses and other patent rights, patent applications, trade
      names, trademarks, copyrights, claims, credits, choses in action and other
      intangible property and general intangibles including, but not limited to,
      computer software;

     

    (viii)  any
      Liens
      securing Debt which matures less than one year from the date of issuance or
      incurrence thereof and is not extendible at the option of the issuer, and any
      refundings, refinancings and/or replacements of any such Debt by or with similar
      secured Debt;

     

    (ix)  any
      Liens
      on automobiles, buses, trucks and other similar vehicles and movable equipment;
      vessels, boats, barges and other marine equipment; airplanes, helicopters,
      aircraft engines and other flight equipment; parts, accessories and supplies
      used in connection with any of the foregoing;

     

    (x)  any
      Liens
      on furniture and furnishings, and computers, data processing, data storage,
      data
      transmission, telecommunications and other equipment and facilities, equipment
      and apparatus, which, in any case, are used primarily for administrative or
      clerical purposes; 

     

    (xi)  any
      Liens
      on property which is the subject of a lease agreement designating the Company
      as
      lessee and all right, title and interest of the Company in and to such property
      and in, to and under such lease agreement, whether or not such lease agreement
      is intended as security;

     

    (xii)  other
      Liens securing Debt the principal amount of which does not exceed 10% of the
      total assets of the Company and its consolidated Subsidiaries as shown on the
      Company’s most recent audited consolidated balance sheet; and

     

    (xiii)  any
      Liens
      granted in connection with extending, renewing, replacing or refinancing, in
      whole or in part, the Debt secured by liens described in the foregoing clauses
      (i) through (xii), to the extent of such Debt so extended, renewed, replaced
      or
      refinanced.

     

    (H)  “S&P”
      means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
      Companies, Inc. and its successors and assigns, or absent a successor, or if
      such entity ceases to rate the Securities of Series No. 5, such other nationally
      recognized statistical rating organization as the Company may designate by
      notice to the Trustee.

     

    (I)  “Subsidiary”
      means any corporation a majority of the outstanding Voting Stock of which is
      owned, directly or indirectly, by the Company or by one or more other
      Subsidiaries of the Company.

     

    (J)  “Voting
      Stock” means stock (or other interests) of a corporation having voting power for
      the election of directors, managers or trustees thereof, whether at all times
      or
      only so long as no senior class of stock has such voting power by reason of
      any
      contingency.

     

    ARTICLE
      TWO

     

    Miscellaneous
      Provisions

     

    Section
      1.  This
      Supplemental Indenture No. 6 is a supplement to the Original Indenture. As
      supplemented by this Supplemental Indenture No. 6, the Indenture is in all
      respects ratified, approved and confirmed, and the Original Indenture and this
      Supplemental Indenture No. 6 shall together constitute one and the same
      instrument.

     

    Section
      2.  The
      recitals contained in this Supplemental Indenture No. 6 shall be taken as the
      statements of the Company and the Trustee assumes no responsibility for their
      correctness and makes no representations as to the validity or sufficiency
      of
      this Supplemental Indenture No. 6.

     

    Section
      3.  This
      instrument may be executed in any number of counterparts, each of which so
      executed shall be deemed to be an original, but all such counterparts shall
      together constitute but one and the same instrument.

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Supplemental Indenture No. 6 to be duly
      executed, and their respective seals to be hereunto affixed and attested, all
      as
      of the day and year first written above.

     

    PPL
      ENERGY SUPPLY, LLC

     

    By:_______________________________________

    Name:
      James E. Abel

    Title:
      Vice President and Treasurer

    [SEAL]

     

    ATTEST:

     

    ______________________________

     

    JPMORGAN
      CHASE BANK, N.A.,

       as
      Trustee

     

    By:
      ______________________________________

    Name:

    Title:

    [SEAL]

     

    ATTEST:

     

    ______________________________Exhibit 10(d)

    Exhibit
      10(d)

    

    FOURTH
      AMENDMENT

    TO

    CREDIT
      AND SECURITY AGREEMENT

    

    

    THIS
      FOURTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT, dated as of July 31, 2006
      (this “Amendment”),
      is
      entered into by and among PPL Receivables Corporation (“Borrower”),
      PPL
      Electric Utilities Corporation (“PPL
      Electric”),
      Variable Funding Capital Company LLC (successor to Blue Ridge Asset Funding
      Corporation) (“VFCC”),
      and
      Wachovia Bank, National Association (together with its successors and assigns,
      the “Agent”).
      Capitalized terms used and not otherwise defined herein are used as defined
      in
      the Agreement (as defined below).

     

    WHEREAS,
      the Borrower, PPL Electric, VFCC and the Agent are parties to that certain
      Credit and Security Agreement, dated as of August 1, 2004 (as amended,
      supplemented or otherwise modified from time to time, the "Agreement");

     

    WHEREAS,
      the parties to the Agreement wish to amend the Agreement in certain respects
      as
      hereinafter described;

     

    NOW
      THEREFORE, in consideration of the premises and the other mutual covenants
      contained herein, the parties hereto agree as follows:

     

    SECTION
      1. Amendments.
      The
      Agreement is hereby amended in the following ways:

     

    (i) Section
      14.5 is hereby amended and restated in its entirety to read as
      follows:

     

    “Section
      14.5  Confidentiality.

     

    (a) Each
      PPL
      Electric Party and each Lender shall maintain and shall cause each of its
      employees and officers to maintain the confidentiality of this Agreement and
      the
      other confidential or proprietary information with respect to the PPL Electric
      Parties, the Agent and the Lenders and their respective businesses obtained
      by
      it or them in connection with the structuring, negotiating and execution of
      the
      transactions contemplated herein, except that such PPL Electric Party and such
      Lender and its officers and employees may disclose such information to such
      PPL
      Electric Party’s and such Lender’s respective external accountants and attorneys
      and as required by any applicable law or order of any judicial or administrative
      proceeding.

    

    (b) Anything
      herein to the contrary notwithstanding, each PPL Electric Party hereby consents
      to the disclosure of any nonpublic information with respect to it (i) to the
      Agent, the Liquidity Banks or VFCC by each other, (ii) by the Agent or the
      Lenders to any prospective or actual assignee or participant of any of them
      and
      (iii) by the Agent to any rating agency, Commercial Paper dealer or provider
      of
      a surety, guaranty or credit or liquidity enhancement to VFCC and to any
      officers, directors, employees, advisors, outside accountants and attorneys
      of
      any of the foregoing, provided that each such Person is informed of the
      confidential nature of such information. In addition, the Lenders and the Agent
      may disclose any such nonpublic information pursuant to any law, rule,
      regulation, direction, request or order of any judicial, administrative or
      regulatory authority or proceedings (whether or not having the force or effect
      of law).”

    

    (ii) Clause
      (iv) of the definition of “Eligible Receivable” in Exhibit I of the Agreement is
      hereby amended and restated in its entirety to read as follows:

     

    “(iv)
       which
      is
      not a Defaulted Receivable;”.

     

    (iii) The
      definition of “Facility Termination Date” in Exhibit I of the Agreement is
      hereby amended and restated in its entirety to read as follows:

     

    “Facility
      Termination Date:
      The
      earlier of (i) the Liquidity Termination Date, (ii) the Amortization Date and
      (iii) July 30, 2007.”

     

    (iv) The
      definition of “Five-Year Credit Agreement” in Exhibit I of the Agreement is
      hereby amended and restated in its entirety to read as follows:

     

    “Five-Year
      Credit Agreement:
      That
      certain Second Amended and Restated Five-Year Credit Agreement, dated as of
      June
      9, 2006, by and among Originator, the Lenders from time to time party thereto,
      Wachovia Bank, National Association, Barclays Bank PLC, Citibank, N.A., Wachovia
      Capital Markets, LLC, Barclays Capital, CitiGroup Global Markets, Inc., UBS
      Loan
      Finance, LLC and JPMorgan Chase Bank, as may be modified, amended or restated
      from time to time.”

     

    SECTION
      2. Reference
      to and Effect on the Agreement and the Related Documents.
      Upon
      the effectiveness of this Amendment, (i) each of the Borrower and PPL Electric
      hereby reaffirms all representations and warranties made by it in the Agreement
      and agrees that all such representations and warranties shall be deemed to
      have
      been remade as of the effective date of this Amendment, (ii) each of the
      Borrower and PPL Electric hereby represents and warrants that no Amortization
      Event or Unmatured Amortization Event shall have occurred and be continuing
      and
      (iii) each reference in the Agreement to “this Agreement”, “hereunder”,
“hereof”, “herein” or words of like import shall mean and be, and any references
      to the Agreement in any other document, instrument or agreement executed and/or
      delivered in connection with the Agreement shall mean and be, a reference to
      the
      Agreement as amended hereby.

     

    SECTION
      3. Effect.
      Upon
      the execution and delivery of counterparts of this Amendment by each of the
      parties hereto, this Amendment shall be effective as of the date of receipt
      by
      the Agent of all executed signature pages. Except as otherwise amended by this
      Amendment, the Agreement shall continue in full force and effect and is hereby
      ratified and confirmed.

     

    SECTION
      4. Governing
      Law.
      This
      Amendment will be governed by and construed in accordance with the laws of
      the
      State of New York, without giving effect to the conflicts of laws principles
      thereof (other than Section 5-1401 of the New York General Obligations
      Law).

     

    SECTION
      5. Severability.
      Each
      provision of this Amendment shall be severable from every other provision of
      this Amendment for the purpose of determining the legal enforceability of any
      provision hereof, and the unenforceability of one or more provisions of this
      Amendment in one jurisdiction shall not have the effect of rendering such
      provision or provisions unenforceable in any other jurisdiction.

     

    SECTION
      6. Counterparts.
      This
      Amendment may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original, but all of which together shall constitute one and
      the
      same instrument. Delivery of an executed counterpart of a signature page by
      facsimile shall be effective as delivery of a manually executed counterpart
      of
      this Amendment.

     

    

    

    

    [remainder
      of page intentionally left blank]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
      respective officers thereunto duly authorized, as of the date first above
      written.

    

    

    PPL
      RECEIVABLES CORPORATION 

    

    

    By:
      _______________________________________

    Name:_____________________________________

    Title:______________________________________

    

    

    PPL
      ELECTRIC UTILITIES CORPORATION

    

    

    By:
      _______________________________________

    Name:_____________________________________

    Title:______________________________________

    

    

    VARIABLE
      FUNDING CAPITAL COMPANY LLC

    By: Wachovia
      Capital Markets, LLC, 

           
as
      Attorney-In-Fact

    

    

    By:
      _______________________________________

    Name:_____________________________________

    Title:______________________________________

    

    

    WACHOVIA
      BANK,

    NATIONAL
      ASSOCIATION,

    as
      a
      Liquidity Bank and as Agent

    

    By:
      _______________________________________

    Name:_____________________________________

    Title:______________________________________

    

    

    

    

    

    

    

    

    [Signature
      page to Fourth Amendment to CSA - PPL]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}]]