Document:

Exhibit 4.1.3
 EXECUTION COPY
   
 

 

 

THIRD SUPPLEMENTAL INDENTURE

DATED AS OF MAY 7, 2007

to the

INDENTURE

dated as of May 7, 2007

between

EDISON MISSION ENERGY

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 

   
 

THIRD SUPPLEMENTAL INDENTURE, dated as of May 7, 2007
(this “Third Supplemental
Indenture”), to the Indenture, dated as of May 7, 2007
(the “Original Indenture”),
between EDISON MISSION ENERGY, a Delaware corporation (the “Company”),
and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (the
“Trustee”).

WHEREAS, the Company and the Trustee have heretofore
executed and delivered the Original Indenture to provide for the issuance from
time to time of Notes (as defined in the Original Indenture) of the Company, to
be issued in one or more series;

WHEREAS, Sections 2.2 and 7.1 of the
Original Indenture provide, among other things, that the Company and the
Trustee may enter into indentures supplemental to the Original Indenture for,
among other things, the purpose of establishing the designation, form, terms
and provisions of Notes of any series as permitted by Sections 2.2 and 7.1
of the Original Indenture;

WHEREAS, the Company (i) desires the issuance of a
series of Notes to be designated as hereinafter provided and (ii) has requested
the Trustee to enter into this Third Supplemental Indenture for the purpose of
establishing the designation, form, terms and provisions of the Notes of such
series; and

WHEREAS, all action on the part of the Company
necessary to authorize the issuance of said Notes under the Original Indenture
and this Third Supplemental Indenture (the Original Indenture, as supplemented
by this Third Supplemental Indenture, being hereinafter called the “Indenture”)
has been duly taken.

NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE
WITNESSETH:

That, in order to establish the designation, form,
terms and provisions of, and to authorize the authentication and delivery of,
said Notes, and in consideration of the acceptance of said Notes by the Holders
thereof and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree
as follows:

ARTICLE
I.

DEFINITIONS

(a)           Capitalized
terms used herein and not otherwise defined herein shall have the respective
meanings ascribed thereto in the Original Indenture.

(b)           The rules
of interpretation set forth in the Original Indenture shall be applied hereto
as if set forth in full herein.

(c)           For all
purposes of this Third Supplemental Indenture, except as otherwise expressly
provided or unless the context otherwise requires, the following terms shall
have the following respective meanings (such meanings shall apply equally to
both the singular and plural forms of the respective terms):

“Additional Notes” means additional 2027 Notes
(other than the Initial Notes) issued under this Third Supplemental Indenture
in accordance with Section 2.1 hereof, and not in violation of any
provision of the Original Indenture, as part of the same series as the Initial
Notes.

“Applicable Premium” means, with respect to any
2027 Note on any redemption date, the greater of:

(a) 1.0% of the principal amount of the 2027 Note; or

(b) the excess of:

(i) the present value at such redemption date of (A) 100% of the
principal amount of the 2027 Note at May 15, 2027, plus (B) all required
interest payments due on the 2027 Note through May 15, 2027 (excluding accrued
but unpaid interest to the redemption date), computed using a discount rate
equal to the Treasury Rate as of such redemption date plus 50 basis points;
over

(ii) the principal amount of the 2027 Note, if greater.

“Initial Notes” shall have the meaning ascribed
thereto in Section 2.1(a) hereof.

“Liquidated Damages” shall have the meaning
ascribed thereto with respect to the 2027 Notes in the Registration Rights
Agreement, dated as of May 7, 2007, between the Company and Citigroup Global
Markets Inc., as representative of the several Purchasers of the Initial Notes
(a copy of which has been furnished to the Trustee) or, in the case of
Additional Notes, as set forth in one or more registration rights agreements
between the Company and the parties named on the signature pages thereto.

“2027
Notes” shall have the meaning ascribed thereto in Section
2.1(a) hereof.

“Treasury
Rate” means, as of any redemption date, the yield to
maturity as of such redemption date of United States Treasury securities with a
constant maturity (as compiled and published in the most recent Federal Reserve
Statistical Release H.15 (519) that has become publicly available at least two
Business Days prior to the redemption date (or, if such Statistical Release is
no longer published, any publicly available source of similar market data))
most nearly equal to the period from the redemption date to May 15, 2027; provided, however, that if the period from the
redemption date to May 15, 2027 is less than one year, the weekly average yield
on actually traded United States Treasury securities adjusted to a constant
maturity of one year will be used.

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ARTICLE
II.

THE TERMS OF THE NOTES

SECTION 2.1               Terms
of 7.625% Senior Notes due May 15, 2027.

(a)           There is
hereby created one series of Notes designated:  7.625%
Senior Notes due May 15, 2027 (the “2027 Notes”). In accordance
with the provisions of Section 2.3 of the Original Indenture, the
Trustee will, upon receipt of an Authentication Order, authenticate (i) 2027
Notes in an aggregate principal amount of $700,000,000 on the date hereof (the “Initial
Notes”) and (ii) Additional Notes from time to time as permitted under the
Original Indenture.

(b)           Each of
the 2027 Notes shall have and be subject to such other terms as provided in the
Indenture and shall be evidenced by one or more Notes in the form of Exhibit
A to the Indenture.

SECTION 2.2               Interest
and Principal; Liquidated Damages.

The 2027 Notes will mature on May 15, 2027 and will
bear interest at the rate of 7.625% per annum. The Company will pay interest
and Liquidated Damages, if any, on the 2027 Notes on each May 15 and November
15, beginning on November 15, 2007 to the holders of record on the immediately
preceding May 1 or November 1.  Interest
on the 2027 Notes shall accrue from the most recent date to which interest has
been paid or, if no interest has been paid, from May 7, 2007.

SECTION 2.3               Redemption.

The Company may redeem all or a part of the 2027 Notes
at any time upon not less than 30 nor more than 60 days’ prior notice mailed by
first-class mail to each Holder’s registered address, at a redemption price
equal to 100% of the principal amount of the 2027 Notes redeemed plus the
Applicable Premium as of, and accrued and unpaid interest and Liquidated
Damages, if any, to the redemption date, subject to the rights of Holders of
the 2027 Notes on the relevant record date to receive interest due on the
relevant interest payment date.

ARTICLE
III.

MISCELLANEOUS

SECTION 3.1               Execution
of Supplemental Indenture.

This Third Supplemental Indenture is executed and
shall be construed as an indenture supplemental to the Original Indenture and,
as provided in the Original Indenture, this Third Supplemental Indenture forms
a part thereof.

SECTION 3.2               Concerning
the Trustee.

The recitals contained herein and in the 2027 Notes,
except with respect to the Trustee’s certificates of authentication, shall be
taken as the statements of the Company, and the Trustee assumes no
responsibility for the correctness of the same. The Trustee makes no
representations as to the validity or sufficiency of this Third Supplemental
Indenture or of the 2027 Notes.

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SECTION 3.3               Counterparts.

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

SECTION 3.4               GOVERNING
LAW.

THIS THIRD SUPPLEMENTAL INDENTURE AND EACH 2027 NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK.

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

	
  

  	
  EDISON MISSION ENERGY

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven D. Eisenberg

  
	
   

  	
   

  	
  Name: Steven D. Eisenberg

  
	
   

  	
   

  	
  Title: Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Maddy Hall

  
	
   

  	
   

  	
  Name: Maddy Hall

  
	
   

  	
   

  	
  Title: Assistant Vice President

  

 

 5Exhibit
10.1

EXECUTION COUNTERPART

AMENDMENT NO. 1

AMENDMENT NO. 1 dated as of May
7, 2007 among EDISON MISSION ENERGY, the Lenders executing this Amendment
No. 1 on the signature pages hereto, the Issuing Lenders executing this
Amendment No. 1 on the signature pages hereto and CITICORP NORTH AMERICA,
INC., in its capacity as Administrative Agent under the Credit Agreement
referred to below.

Edison Mission Energy, the lenders party thereto, the
issuing lenders party thereto and Citicorp North America, Inc., as
Administrative Agent, are parties to a Credit Agreement dated as of June 15,
2006 (as modified and supplemented and in effect from time to time, the “Credit
Agreement”), providing, subject to the terms and conditions thereof, for
extensions of credit (by means of loans and letters of credit) to be made by
said lenders to the Borrower in an aggregate principal or face amount not
exceeding $500,000,000.

The Borrower, the Issuing Lenders party hereto and the
Lenders party hereto wish now to amend the Credit Agreement in certain
respects, and accordingly, the parties hereto hereby agree as follows:

Section 1.  Definitions.  Except as otherwise defined in this Amendment
No. 1, terms defined in the Credit Agreement are used herein as defined
therein.

Section
2.  Amendments.  Subject to the satisfaction of the conditions
precedent specified in Section 4 of this Amendment No. 1, but effective as
of the date hereof, the Credit Agreement shall be amended as follows:

2.01.  References Generally.  References in the Credit Agreement (including
references to the Credit Agreement as amended hereby) to “this Agreement” (and
indirect references such as “hereunder”, “hereby”, “herein” and “hereof”) shall
be deemed to be references to the Credit Agreement as amended hereby.

2.02.        Definitions.           Section 1.1
of the Credit Agreement shall be amended by amending the following definitions
(to the extent already included in said Section 1.1) and adding the
following definitions in the appropriate alphabetical location (to the extent
not already included in said Section 1.1):

“Amendment No. 1”
means Amendment No. 1 dated as of May 7, 2007 among the Borrower, the Lenders,
the Issuing Lenders and the Administrative Agent.

“Commitment”
means, with respect to each Lender, the commitment, if any, of such Lender to
make Loans and to acquire participations in Letters of Credit hereunder,
expressed as an amount representing the maximum aggregate amount of such Lender’s
Credit Exposure hereunder, as such commitment may be (a) reduced from time
to time pursuant to Section 2.2.5 or Section 3.1,
(b) reduced or increased from time to time pursuant to assignments by or
to such Lender pursuant to Section 10.11.1 or (c) increased from time to
time pursuant to Section 2.2.6. 
The amount of each Lender’s Commitment as of the effective date of
Amendment No. 1 (after giving effect to Amendment No. 1) is set forth on Schedule
1 to Amendment No. 1, or in the Assignment Agreement pursuant to which such
Lender shall have assumed its Commitment, as applicable.

“Commitment
Amount” means, as of the effective date of Amendment No. 1 after giving
effect to Amendment No. 1, $600,000,000, as the same may be reduced from time
to time in accordance with Section 2.2.5 or Section 3.1 or
increased from time to time in accordance with Section 2.2.6.

“Commitment
Increase” has the meaning set forth in Section 2.2.6(a).

“Commitment
Increase Date” has the meaning set forth in Section 2.2.6(a).

“Increasing
Lender” has the meaning set forth in Section 2.2.6(a).

“Initial
Commitment Increase” has the meaning set forth in Section 2.2.6(c).

2.03.        Increase of Total Commitment Amount.  Article II  of the Credit Agreement is
hereby amended by adding new Section 2.2.6 as follows:

SECTION 2.2.6  Increase of
Total Commitment Amount.

(a)  Requests for Commitment Increase.  The Borrower may, at any time, propose that
the Commitment Amount be increased (each such proposed increase being a “Commitment
Increase”) by having an existing Lender agree to increase its then existing
Commitment (each an “Increasing Lender”) and/or (after all existing
Lenders have been offered an opportunity to increase their then existing
Commitments by the Borrower and have not agreed to so increase their
then-existing Commitments in an aggregate amount equal to or exceeding the
proposed Commitment Increase by the Commitment Date (as defined below)) by
adding as a new Lender hereunder any Person which shall agree to provide a
Commitment hereunder (each an “Assuming Lender”), in each case with
the consent of Administrative Agent (such consent not to be unreasonably
withheld, conditioned or delayed) and each Issuing Lender, by notice to
Administrative Agent specifying the amount of the relevant Commitment Increase,
the Lender or Lenders providing for such Commitment

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Increase, the date by which the Lenders wishing to
participate in such requested Commitment Increase must commit to an increase in
the amount of their respective Commitments (the “Commitment Date”) and
the date on which such increase is to be effective (the “Commitment Increase
Date”), which, except in the case of the Initial Commitment Increase (as
defined below), shall be a Business Day at least three Business Days after
delivery of such notice and 30 days prior to the Maturity Date; provided
that:

(A)  except in
the case of the Initial Commitment Increase, the minimum amount of the
Commitment of any Assuming Lender, and the minimum amount of the increase of
the Commitment of any Increasing Lender, as part of such Commitment Increase
shall be $5,000,000 or an integral multiple of $1,000,000 in excess thereof;

(B)  the Total
Commitments shall be increased at any time in an aggregate minimum amount of
$25,000,000;

(C)  any
Commitment Increase, when taken together with (1) the Commitment Amount as of
related Commitment Increase Date before giving effect to such Commitment
Increase and (2) all other secured Indebtedness of the Borrower as of the
related Commitment Increase Date, does not exceed the amount of secured
Indebtedness permitted in accordance with Section 7.2.1(a);

(D)  no Default
or Event of Default shall have occurred and be continuing on such Commitment
Increase Date or shall result from the proposed Commitment Increase; and

(E)  each
representation and warranty set forth in Article VI shall be true and correct
as if made on and as of the date of the Commitment Increase Date, before and
after giving effect thereto and the application of the proceeds therefrom,
unless such representation or warranty relates solely to another time, in which
event such representation or warranty shall be true and correct as of such
other time.

No Lender shall be obligated to become an Increasing
Lender hereunder.

(b)  Effectiveness
of Commitment Increase.  Except with
respect to the Initial Increase, each Commitment Increase (and the increase of
the Commitment of each Increasing Lender and/or the new Commitment of each
Assuming Lender, as applicable, resulting therefrom) shall become effective as
of the relevant Commitment Increase Date upon receipt by Administrative Agent,
on or prior to 9:00 a.m., New York City time, on such Commitment Increase
Date, of (A) a certificate of a duly authorized officer of the Borrower
stating that the conditions

 3
 

with respect to such Commitment Increase under this paragraph (b) have
been satisfied and (B) an agreement, in form and substance satisfactory to
the Borrower and Administrative Agent, pursuant to which, effective as of such
Commitment Increase Date, the Commitment of each such Increasing Lender shall
be increased or each such Assuming Lender, as applicable, shall undertake a
Commitment, duly executed by such Increasing Lender or Assuming Lender, as the
case may be, and the Borrower and acknowledged by Administrative Agent.  Except with respect to the Initial Commitment
Increase, upon Administrative Agent’s receipt of a fully executed agreement
from each Increasing Lender and/or Assuming Lender referred to in clause (B)
above, together with the certificate referred to in clause (A) above,
Administrative Agent shall record the information contained in each such
agreement in the Register and give prompt notice of the relevant Commitment
Increase to the Borrower and the Lenders (including, if applicable, each
Assuming Lender).  Except with respect to
the Initial Commitment Increase, if any Loans shall be outstanding on the
Commitment Increase Date for any Commitment Increase, the Borrower shall borrow
from each of the Increasing Lenders and the Assuming Lenders, and the
Increasing Lenders and the Assuming Lenders shall have made Loans to the Borrower
(in the case of Eurodollar Rate Loans, with Interest Period(s) ending on the
date(s) of any then outstanding Interest Period(s)), and (notwithstanding the
provisions of Section 4.8 of the Credit Agreement requiring that
borrowings and prepayments be made pro  rata) the Borrower shall
prepay Loans held by the other Lenders in such amounts as may be necessary,
together with any amounts payable under Section 4.5 of the Credit
Agreement as a result of such prepayment, so that after giving effect to such
Loans and prepayments, the Loans (and Interest Period(s) of Eurodollar Rate
Loan(s)) shall be held by the Lenders pro  rata in accordance with
the respective amounts of their Commitments (as modified by such Commitment
Increase).  Except with respect to the Initial
Commitment Increase, in the event that Lenders shall have LC Exposure on any
Commitment Increase Date, the Increasing Lenders and the Assuming Lenders shall
make payments (to the extent of unreimbursed LC Disbursements outstanding on
such Commitment Increase Date) to the other Lenders (through the Administrative
Agent), notwithstanding the provisions of Section 4.8 of the Credit
Agreement requiring that such payments be made pro  rata, such
that after giving effect to such payments (and to the borrowings and
prepayments referred to in the preceding sentence), the LC Exposure of each
Lender shall equal such Lender’s Percentage (as modified by such Commitment
Increase) of the total LC Exposure on such Commitment Increase Date.

(c)  The Initial Commitment Increase.  On the effective date of Amendment No. 1,

(i) the
Administrative Agent and the Issuing Lenders hereby consents to the Lenders
listed on Schedule 1 hereto to the extent that the same are Increasing Lenders
or Assuming Lenders;

 4
 

(ii) each Assuming Lender
listed on Schedule 1 hereto (A) acknowledges and confirms that it has received
a copy of the Credit Agreement and the exhibits related thereto, together with
copies of the documents which were required to be delivered under the Credit
Agreement as a condition to the making of the Loans thereunder and such other
documents and information as it has deemed appropriate to make its own credit
analysis; (B) agrees that it will, independently and without reliance upon the
Administrative Agent, the Issuing Lenders, the Borrower 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 Credit Agreement; (C) appoints and authorizes the Administrative
Agent to take such action as agent on its behalf and to exercise such powers
under the Credit Agreement or the other Loan Documents as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are reasonably
incidental thereto; (D) further confirms and agrees that in becoming a Lender
and in making its Commitments under the Credit Agreement, such actions have and
will be made without recourse to, or representation or warranty by the
Administrative Agent; (E) shall be deemed automatically to have become a party
to the Credit Agreement, have all the rights and obligations of a “Lender”
under the Credit Agreement and the other Loan Documents as if it were an
original signatory thereto with a Commitment as set forth on Schedule 1 hereto;
and (F) agrees to be bound by the terms and conditions set forth in the Credit
Agreement and the other Loan Documents as if it were an original signatory
thereto;

 (iii) a Commitment Increase in the aggregate
principal amount of $100,000,000 (the “Initial Commitment Increase”)
shall become effective; and

(iv) the
Commitment of each Lender shall be adjusted and shall be set forth in Schedule
1 to Amendment No. 1 and the Administrative Agent shall record any pertinent
related information with respect to the Lenders in the Register.

2.04.        Secured Indebtedness of EME.  Section 7.2.1(a)  of the Credit
Agreement is hereby amended and restated in its entirety as follows:

(a)  The Borrower will not create, incur, assume
or suffer to exist any secured Indebtedness other than (i) Capitalized
Lease Liabilities, (ii) other secured Indebtedness of any kind whatsoever
existing on the Effective Date, (iii) Non-Recourse Debt with respect to
which the Borrower has pledged the stock of a Subsidiary in order to secure
initial project financing (or a refinancing of such initial project financing)
obtained or being obtained after the Effective Date hereof by such Subsidiary
(or the Partnership in which such Subsidiary is a partner), (iv) other secured
Indebtedness provided that (when taken together with liens relating to this
Agreement) such liens do not exceed 15% of Consolidated Net Tangible Assets
or (v) Permitted Guarantees.

 5
 

2.05.        Indebtedness of Collateral Parties.  Section 7.2.1(b)  of the Credit
Agreement is hereby amended by deleting “and” at the end of subclause (iv)
thereof and inserting after subclause (v) thereof “and” and the following new
subclause (vi):

(vi)  without in any way limiting the generality of
the following proviso, Indebtedness of Midwest incurred in connection with
trading and hedging activities of Midwest as described in, and to the extent
permitted by, the documentation governing each Financing of Midwest as in
effect from time to time;

2.06.        Liens.  Section 7.2.2  of the Credit
Agreement is hereby amended by deleting “and” at the end of clause (f) thereof
and inserting after clause (g) thereof “and” and the following new clause (h):

(h)  without in any way limiting the generality of
the following proviso, Liens on the property of Midwest to secure trading and
hedging activities of Midwest as described in, and to the extent permitted by,
the documentation governing each Financing of Midwest as in effect from time to
time;

2.07.        Collateral.  Section 9.10 of the Credit
Agreement is hereby amended to read in its entirety as follows:

SECTION 9.10  Collateral.  Except as otherwise provided in Section 10.1(a)
with respect to this Agreement, the Administrative Agent may, with the prior
consent of the Required Lenders (but not otherwise), consent to any
modification, supplement or waiver under any of the Loan Documents to which it
is a party; provided that, without the prior consent of each Lender, the
Administrative Agent shall not (except as provided herein or in the Borrower
Security Agreement) release any Collateral or otherwise terminate any Lien
under the Borrower Security Agreement, agree to additional obligations (other
than obligations relating to Commitment Increases) being secured by the
Collateral (unless the Lien for such additional obligations shall be junior to
the Lien in favor of the other obligations secured by the Borrower Security
Agreement, in which event the Administrative Agent may consent to such junior
Lien, provided that it obtains the consent of the Required Lenders thereto),
alter the relative priorities of the obligations entitled to the benefits of
the Liens created under the Borrower Security Agreement, except that no such
consent shall be required, and the Administrative Agent is hereby authorized,
to release any Lien covering property that is the subject of either a
disposition of property permitted hereunder or a disposition to which the
Required Lenders have consented.

 6
 

2.08.        Maximum
Issuing Lender Amount.  Schedule
1.1(c) of the Credit Agreement is hereby amended by deleting “$250,000,000”
set forth under the heading “Maximum Issuing Lender Amount” thereon and
inserting “$150,000,000” in place thereof.

Section 3.  Representations and Warranties.  The Borrower represents and warrants to the
Lenders, each Issuing Lender and the Administrative Agent, as to itself and
each of its subsidiaries, that (a) the representations and warranties set
forth in Article VI of the Credit Agreement, and in each of the other Loan
Documents, are true and complete in all material respects on the date hereof as
if made on and as of the date hereof (or, if any such representation or
warranty is expressly stated to have been made as of a specific date, such
representation or warranty shall be true and correct as of such specific date),
and as if each reference in said Article IV to “this Agreement” included
reference to this Amendment No. 1 and (b) no Default or Event of
Default has occurred and is continuing.

Section 4.  Conditions Precedent.  The amendments set forth in Section 2 of
this Amendment No. 1 shall become effective, as of the date hereof, upon
satisfaction of the following conditions:

(a)           Execution.  The Administrative Agent shall have received
counterparts of this Amendment No. 1 executed by the Borrower, each
Issuing Lender party to the Credit Agreement and each Lender party to the
Credit Agreement.

(b)           Secretary’s Certificate.  The Administrative Agent shall have received
from the Borrower a certificate dated the Effective Date of its Secretary,
Assistant Secretary or Authorized Representative as to:

(i)  resolutions of its
Board of Directors then in full force and effect authorizing the execution,
delivery and performance of this Amendment No. 1;

(ii) the incumbency and signatures of those of its officers and
representatives authorized to act with respect to this Amendment No. 1; and

(iii)  its Organic
Documents.

The Administrative Agent, each Issuing Lender and each
Lender may conclusively rely upon such certificate until it shall have received
a further certificate of the Secretary, Assistant Secretary or other Authorized
Representative of the Borrower canceling or amending such prior certificate.

(c)           Legal Opinions.  The Administrative Agent shall have received
opinions, dated the Effective Date and addressed to the Administrative Agent,
each Issuing Lender and the Lenders, from Skadden, Arps, Slate, Meagher &
Flom LLP and internal counsel to the Borrower reasonably acceptable to the
Administrative Agent, substantially in the form of Exhibits A-1 and
A-2 hereto and given upon the express instruction of the Borrower.

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(d)           Adjustment
of Commitments, Etc.  If any Loans
shall be outstanding on the Commitment Increase Date for the Initial Commitment
Increase (as defined in Section 2.03 of this Amendment No. 1), the Borrower
shall have borrowed from each of the Increasing Lenders and the Assuming
Lenders, and the Increasing Lenders and the Assuming Lenders shall have made
Loans to the Borrower (in the case of Eurodollar Rate Loans, with Interest
Period(s) ending on the date(s) of any then outstanding Interest Period(s)),
and (notwithstanding the provisions of Section 4.8 of the Credit
Agreement requiring that borrowings and prepayments be made pro  rata)
the Borrower shall have prepaid Loans held by the other Lenders in such amounts
as may be necessary, together with any amounts payable under Section 4.5
of the Credit Agreement as a result of such prepayment, so that after giving
effect to such Loans and prepayments, the Loans (and Interest Period(s) of
Eurodollar Rate Loan(s)) shall be held by the Lenders pro  rata in
accordance with the respective amounts of their Commitments (as modified by
such Commitment Increase).  In the event that Lenders shall have
LC Exposure on the Commitment Increase Date for the Initial Commitment Increase,
the Increasing Lenders and the Assuming Lenders shall make payments (to the
extent of unreimbursed LC Disbursements outstanding on such Commitment Increase
Date) to the other Lenders (through the Administrative Agent), notwithstanding
the provisions of Section 4.8 of the Credit Agreement requiring that
such payments be made pro  rata, such that after giving effect to
such payments (and to the borrowings and prepayments referred to in the
preceding sentence), the LC Exposure of each Lender shall equal such Lender’s
Percentage (as modified by such Commitment Increase) of the total LC Exposure
on such Commitment Increase Date.

Section 5.  Miscellaneous.  Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect.  This Amendment No. 1 may be executed in
any number of counterparts, all of which taken together shall constitute one
and the same amendatory instrument and any of the parties hereto may execute
this Amendment No. 1 by signing any such counterpart.  This Amendment No. 1 shall be governed
by, and construed in accordance with, the law of the State of New York.

[SIGNATURE PAGES
FOLLOW]

 8

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment No. 1 to Credit
Agreement to be duly executed and delivered as of the day and year first above
written.

	
  

  	
  EDISON MISSION ENERGY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven D.
  Eisenberg

  
	
   

  	
   

  	
  Name:  Steven D. Eisenberg

  
	
   

  	
   

  	
  Title:  Vice President

  

 

 9
 

 

	
  

  	
  LENDERS

  
	
   

  	
   

  
	
   

  	
  CITICORP NORTH AMERICA, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Nietzsche Rodricks

  
	
   

  	
  Name:

  	
  Nietzsche Rodricks

  
	
   

  	
  Title:

  	
  Vice President

  
					

 

 10
 

 

	
  

  	
  CITY NATIONAL BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Aaron Cohen

  
	
   

  	
  Name:

  	
  Aaron Cohen

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

 11
 

 

	
  

  	
  CREDIT SUISSE, CAYMAN ISLANDS

  
	
   

  	
  BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Brian Caldwell

  
	
   

  	
  Name:

  	
  Brian Caldwell

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Nupur Kumar

  
	
   

  	
  Name:

  	
  Nupur Kumar

  
	
   

  	
  Title:

  	
  Associate

  

 

 12
 

 

	
  

  	
  DEUTSCHE BANK TRUST COMPANY

  AMERICAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Marcus M. Tarkington

  
	
   

  	
  Name:

  	
  Marcus M. Tarkington

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Anca Trifan

  
	
   

  	
  Name:

  	
  Anca Trifan

  
	
   

  	
  Title:

  	
  Director

  

 

 13
 

 

	
  

  	
  GOLDMAN SACHS CREDIT

  PARTNERS L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Mark Walton

  
	
   

  	
  Name:

  	
  Mark Walton

  
	
   

  	
  Title:

  	
  Authorized Signatory

  

 

 14
 

 

	
  

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Thomas Casey

  
	
   

  	
  Name:

  	
  Thomas Casey

  
	
   

  	
  Title:

  	
  Vice President

  

 

 15
 

 

	
  

  	
  KBC BANK, N.V.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Thomas G. Jackson

  
	
   

  	
  Name:

  	
  Thomas G. Jackson

  
	
   

  	
  Title:

  	
  First Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Robert Snauffer

  
	
   

  	
  Name:

  	
  Robert Snauffer

  
	
   

  	
  Title:

  	
  First Vice President

  

 

 16
 

 

	
  

  	
  LEHMAN COMMERCIAL PAPER INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Janine M. Shugan

  
	
   

  	
  Name:

  	
  Janine M. Shugan

  
	
   

  	
  Title:

  	
  Authorized Signatory

  

 

 17
 

 

	
  

  	
  MERRILL LYNCH CAPITAL

  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Carol J. E. Feeley

  
	
   

  	
  Name:

  	
  Carol J. E. Feeley

  
	
   

  	
  Title:

  	
  Vice President

  

 

 18
 

 

	
  

  	
  THE ROYAL BANK OF SCOTLAND

  PLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Michael Canavan

  
	
   

  	
  Name:

  	
  Michael Canavan

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

 19

 

	
  

  	
  SCOTIABANK INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ William E. Zarrett

  
	
   

  	
  Name:

  	
  William E. Zarrett

  
	
   

  	
  Title:

  	
  Managing Director

  

 

 20
 

 

	
  

  	
  SOCIÉTÉ GÉNÉRALE

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Effie Han

  
	
   

  	
  Name:

  	
  Effie Han

  
	
   

  	
  Title:

  	
  Vice President

  

 

 21
 

 

	
  

  	
  UBS LOAN FINANCE LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Irja R. Orsa

  
	
   

  	
  Name:

  	
  Irja R. Orsa

  
	
   

  	
  Title:

  	
  Associate Director

  

 

	
  

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ David B. Julie

  
	
   

  	
  Name:

  	
  David B. Julie

  
	
   

  	
  Title:

  	
  Associate Director

  

 

 22
 

 

	
  

  	
  UNION BANK OF CALIFORNIA, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Kevin M. Zitar

  
	
   

  	
  Name:

  	
  Kevin M. Zitar

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

 23
 

 

	
  

  	
  WELLS FARGO BANK, N.A.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Peta Swidler

  
	
   

  	
  Name:

  	
  Peta Swidler

  
	
   

  	
  Title:

  	
  Senior Vice President

  

 

 24
 

ISSUING
LENDERS

	
  

  	
  CITICORP
  NORTH AMERICA, INC.

  as an Issuing Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Nietzsche Rodricks

  
	
   

  	
  Name:

  	
  Nietzsche Rodricks

  
	
   

  	
  Title:

  	
  Vice President

  

 

 25
 

ADMINISTRATIVE
AGENT

	
  

  	
  CITICORP
  NORTH AMERICA, INC.,

  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
     /s/ Nietzsche Rodricks

  
	
   

  	
  Name:

  	
  Nietzsche Rodricks

  
	
   

  	
  Title:

  	
  Vice President

  

 

 26
 

 

SCHEDULE 1

to Amendment No. 1

COMMITMENTS

	
  Name of Lender

  	
   

  	
  Commitment

  	
   

  
	
  Citicorp North
  America, Inc.

  	
   

  	
  $

  	
  81,250,000.00

  	
   

  
	
  Credit Suisse,
  Cayman Islands Branch

  	
   

  	
  $

  	
  66,250,000.00

  	
   

  
	
  JPMorgan Chase
  Bank, N.A.

  	
   

  	
  $

  	
  66,250,000.00

  	
   

  
	
  Merrill Lynch
  Capital Corporation

  	
   

  	
  $

  	
  66,250,000.00

  	
   

  
	
  Union Bank of
  California, N.A.

  	
   

  	
  $

  	
  56,250,000.00

  	
   

  
	
  Goldman Sachs
  Credit Partners L.P.

  	
   

  	
  $

  	
  36,250,000.00

  	
   

  
	
  Deutsche Bank
  Trust Company Americas

  	
   

  	
  $

  	
  36,250,000.00

  	
   

  
	
  Lehman
  Commercial Paper Inc.

  	
   

  	
  $

  	
  36,250,000.00

  	
   

  
	
  The Royal Bank
  of Scotland plc

  	
   

  	
  $

  	
  30,000,000.00

  	
   

  
	
  UBS Loan Finance
  LLC

  	
   

  	
  $

  	
  30,000,000.00

  	
   

  
	
  KBC Bank, N.V.

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Scotiabank Inc.

  	
   

  	
  $

  	
  25,000,000.00

  	
   

  
	
  Société Générale

  	
   

  	
  $

  	
  15,000,000.00

  	
   

  
	
  Wells Fargo
  Bank, N.A.

  	
   

  	
  $

  	
  15,000,000.00

  	
   

  
	
  City National Bank

  	
   

  	
  $

  	
  15,000,000.00

  	
   

  

 

 27
 

 

EXHIBIT A-1

to Amendment No. 1

FORM OF OPINION OF SKADDEN, ARPS, SLATE, MEAGHER
& FLOM LLP

[To Come]

 28
 

 

EXHIBIT A-2

to Amendment No. 1

FORM OF OPINION OF COUNSEL TO EDISON MISSION
ENERGY

[To Come]

 29

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]