Document:

Amended Five-Year Revolving Credit Agreement

    EXHIBIT
      10.2

    
EXECUTION
      COPY

    

     

    
      
        

      

     

    

     

    

     

    AMENDED
      AND RESTATED FIVE-YEAR REVOLVInG CREDIT AGREEMENT

     

     

    DATED
      AS OF JULY 14, 2005

     

     

    among

     

    AMEREN
      CORPORATION,

     

    THE
      LENDERS FROM TIME TO TIME PARTIES HERETO

     

    and

     

    JPMORGAN
      CHASE BANK, N.A.,

    
    

    as
      Administrative Agent

     

    and

     

     

    BARCLAYS
      BANK PLC,

    as
      Syndication Agent

     

    THE
      BANK OF NEW YORK,

    THE
      BANK OF TOKYO MITSUBISHI, LTD. and

    WACHOVIA
      BANK, NATIONAL ASSOCIATION, 

    as
      Co-Documentation Agents

    

    _____________________________________________________

    J.
      P. MORGAN SECURITIES INC.

    and

    

    BARCLAYS
      CAPITAL,

    as
      JOINT ARRANGERS AND BOOKRUNNERS

     

    
       

    

    ______________________________________________________________________________________________________________________

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    [CS&M
      # 6700-547]

    

    
      
        
          

          [[NYCORP:2516260v5:4432D:07/13/05--12:05:46
            p]]

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

     

     

    

      
        
          	
                  TABLE
                    OF CONTENTS

                	 	 	 	 
	 	 	 	 	 
	
                  ARTICLE
                    I

                	
                  DEFINITIONS

                	
                  1

                
	 	
                  1.1.

                	 	
                  Certain
                    Defined Terms

                	
                  1

                
	 	
                  1.2.

                	 	
                  Plural
                    Forms

                	
                  17

                
	 	 	 	 	 
	
                  ARTICLE
                    II

                	
                  THE
                    CREDITS

                	
                  17

                
	 	
                  2.1.

                	 	
                  Commitment

                	
                  17

                
	 	
                  2.2.

                	 	
                  Required
                    Payments; Termination

                	
                  17

                
	 	
                  2.3.

                	 	
                  Loans

                	
                  18

                
	 	
                  2.4.

                	 	
                  Competitive
                    Bid Procedure

                	
                  18

                
	 	
                  2.5.

                	 	
                  Swingline
                    Loans

                	
                  20

                
	 	
                  2.6.

                	 	
                  Letters
                    of Credit

                	
                  21

                
	 	
                  2.7.

                	 	
                  Types
                    of Advances

                	
                  25

                
	 	
                  2.8.

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

                	
                  25

                
	 	
                  2.9.

                	 	
                  Minimum
                    Amount of Each Advance

                	
                  26

                
	 	
                  2.10.

                	 	
                  Optional
                    Principal Payments

                	
                  26

                
	 	
                  2.11.

                	 	
                  Method
                    of Selecting Types and Interest Periods for New Revolving
                    Advances

                	
                  27

                
	 	
                  2.12.

                	 	
                  Conversion
                    and Continuation of Outstanding Revolving Advances; No Conversion
                    or
                    Continuation of Revolving Eurodollar Advances After
                    Default

                	
                  27

                
	 	
                  2.13.

                	 	
                  Interest
                    Rates, etc

                	
                  28

                
	 	
                  2.14.

                	 	
                  Rates
                    Applicable After Default

                	
                  28

                
	 	
                  2.15.

                	 	
                  Funding
                    of Loans; Method of Payment

                	
                  29

                
	 	
                  2.16.

                	 	
                  Noteless
                    Agreement; Evidence of Indebtedness

                	
                  29

                
	 	
                  2.17.

                	 	
                  Telephonic
                    Notices

                	
                  30

                
	 	
                  2.18.

                	 	
                  Interest
                    Payment Dates; Interest and Fee Basis

                	
                  30

                
	 	
                  2.19.

                	 	
                  Notification
                    of Advances, Interest Rates, Prepayments and Commitment Reductions;
                    Availability of Loans

                	
                  31

                
	 	
                  2.20.

                	 	
                  Lending
                    Installations

                	
                  31

                
	 	
                  2.21.

                	 	
                  Non-Receipt
                    of Funds by the Agent

                	
                  31

                
	 	
                  2.22.

                	 	
                  Replacement
                    of Lender

                	
                  31

                
	 	 	 	 	 
	
                  ARTICLE
                    III

                	
                  YIELD
                    PROTECTION; TAXES

                	
                  32

                
	 	
                  3.1.

                	 	
                  Yield
                    Protection

                	
                  32

                
	 	
                  3.2.

                	 	
                  Changes
                    in Capital Adequacy Regulations

                	
                  33

                
	 	
                  3.3.

                	 	
                  Availability
                    of Types of Advances

                	
                  33

                
	 	
                  3.4.

                	 	
                  Funding
                    Indemnification

                	
                  33

                
	 	
                  3.5.

                	 	
                  Taxes

                	
                  34

                
	 	
                  3.6.

                	 	
                  Lender
                    Statements; Survival of Indemnity

                	
                  36

                
	 	
                  3.7.

                	 	
                  Alternative
                    Lending Installation

                	
                  36

                
	 	 	 	 	 
	ARTICLE
                  IV	
                  CONDITIONS
                    PRECEDENT 

                	36
	 	4.1 	 	Restatement
                  Effective Date    	36

        

         

         

         

        
          
            
            

          

          
            i

            
              

            

          

          
            
            

          

        

         

         

        
          
            	 	
                    4.2.

                  	 	
                    Each
                      Credit Extension

                  	
                    37

                  
	 	 	 	 	 
	
                    ARTICLE
                      V

                  	
                    REPRESENTATIONS
                      AND WARRANTIES

                  	
                    38

                  
	 	
                    5.1.

                  	 	
                    Existence
                      and Standing

                  	
                    38

                  
	 	
                    5.2.

                  	 	
                    Authorization
                      and Validity

                  	
                    38

                  
	 	
                    5.3.

                  	 	
                    No
                      Conflict; Government Consent

                  	
                    38

                  
	 	
                    5.4.

                  	 	
                    Financial
                      Statements

                  	
                    39

                  
	 	
                    5.5.

                  	 	
                    Material
                      Adverse Change

                  	
                    39

                  
	 	
                    5.6.

                  	 	
                    Taxes

                  	
                    39

                  
	 	
                    5.7.

                  	 	
                    Litigation
                      and Contingent Obligations

                  	
                    40

                  
	 	
                    5.8.

                  	 	
                    Subsidiaries

                  	
                    40

                  
	 	
                    5.9.

                  	 	
                    ERISA

                  	
                    40

                  
	 	
                    5.10.

                  	 	
                    Accuracy
                      of Information

                  	
                    40

                  
	 	
                    5.11.

                  	 	
                    Regulation
                      U

                  	
                    40

                  
	 	
                    5.12.

                  	 	
                    Material
                      Agreements

                  	
                    40

                  
	 	
                    5.13.

                  	 	
                    Compliance
                      With Laws

                  	
                    41

                  
	 	
                    5.14.

                  	 	
                    Ownership
                      of Properties

                  	
                    41

                  
	 	
                    5.15.

                  	 	
                    Plan
                      Assets; Prohibited Transactions

                  	
                    41

                  
	 	
                    5.16.

                  	 	
                    Environmental
                      Matters

                  	
                    41

                  
	 	
                    5.17.

                  	 	
                    Investment
                      Company Act

                  	
                    41

                  
	 	
                    5.18.

                  	 	
                    Public
                      Utility Holding Company Act; Securities and Exchange Commission
                      Authorization

                  	
                    41

                  
	 	
                    5.19.

                  	 	
                    Insurance

                  	
                    42

                  
	 	
                    5.20.

                  	 	
                    No
                      Default or Unmatured Default

                  	
                    42

                  
	 	 	 	 	 
	
                    ARTICLE
                      VI

                  	
                    COVENANTS

                  	
                    42

                  
	 	
                    6.1.

                  	 	
                    Financial
                      Reporting

                  	
                    42

                  
	 	
                    6.2.

                  	 	
                    Use
                      of Proceeds and Letters of Credit

                  	
                    43

                  
	 	
                    6.3.

                  	 	
                    Notice
                      of Default

                  	
                    44

                  
	 	
                    6.4.

                  	 	
                    Conduct
                      of Business

                  	
                    44

                  
	 	
                    6.5.

                  	 	
                    Taxes

                  	
                    44

                  
	 	
                    6.6.

                  	 	
                    Insurance

                  	
                    44

                  
	 	
                    6.7.

                  	 	
                    Compliance
                      with Laws; Securities and Exchange Commission
                      Authorization

                  	
                    44

                  
	 	
                    6.8.

                  	 	
                    Maintenance
                      of Properties

                  	
                    45

                  
	 	
                    6.9.

                  	 	
                    Inspection;
                      Keeping of Books and Records

                  	
                    45

                  
	 	
                    6.10.

                  	 	
                    Merger

                  	
                    45

                  
	 	
                    6.11.

                  	 	
                    Dispositions
                      of Assets

                  	
                    45

                  
	 	
                    6.12.

                  	 	
                    Indebtedness
                      of Project Finance Subsidiaries, Investments in Project Finance
                      Subsidiaries; Acquisitions

                  	
                    46

                  
	 	
                    6.13.

                  	 	
                    Liens

                  	
                    46

                  
	 	
                    6.14.

                  	 	
                    Affiliates

                  	
                    49

                  
	 	
                    6.15.

                  	 	
                    Financial
                      Contracts

                  	
                    49

                  
	 	
                    6.16.

                  	 	
                    Subsidiary
                      Covenants

                  	
                    49

                  
	 	
                    6.17.

                  	 	
                    Leverage
                      Ratio

                  	
                    49

                  

          

           

           

          
            
              
              

            

            
              ii

              
                

              

            

            
              
              

            

          

           

           

          
            
              	
                      ARTICLE
                        VII

                    	
                      DEFAULTS

                    	
                      49

                    
	 	 	 	 	 
	
                      ARTICLE
                        VIII

                    	
                      ACCELERATION,
                        WAIVERS, AMENDMENTS AND REMEDIES

                    	
                      52

                    
	 	
                      8.1.

                    	 	
                      Acceleration

                    	
                      52

                    
	 	
                      8.2.

                    	 	
                      Amendments

                    	
                      52

                    
	 	
                      8.3.

                    	 	
                      Preservation
                        of Rights

                    	
                      53

                    
	 	 	 	 	 
	
                      ARTICLE
                        IX

                    	
                      GENERAL
                        PROVISIONS

                    	
                      54

                    
	 	
                      9.1.

                    	 	
                      Survival
                        of Representations

                    	
                      54

                    
	 	
                      9.2.

                    	 	
                      Governmental
                        Regulation

                    	
                      54

                    
	 	
                      9.3.

                    	 	
                      Headings

                    	
                      54

                    
	 	
                      9.4.

                    	 	
                      Entire
                        Agreement

                    	
                      54

                    
	 	
                      9.5.

                    	 	
                      Several
                        Obligations; Benefits of this Agreement

                    	
                      54

                    
	 	
                      9.6.

                    	 	
                      Expenses;
                        Indemnification

                    	
                      54

                    
	 	
                      9.7.

                    	 	
                      Numbers
                        of Documents

                    	
                      55

                    
	 	
                      9.8.

                    	 	
                      Accounting

                    	
                      55

                    
	 	
                      9.9.

                    	 	
                      Severability
                        of Provisions

                    	
                      56

                    
	 	
                      9.10.

                    	 	
                      Nonliability

                    	
                      56

                    
	 	
                      9.11.

                    	 	
                      Confidentiality

                    	
                      56

                    
	 	
                      9.12.

                    	 	
                      Lenders
                        Not Utilizing Plan Assets

                    	
                      57

                    
	 	
                      9.13.

                    	 	
                      Nonreliance

                    	
                      57

                    
	 	
                      9.14.

                    	 	
                      Disclosure

                    	
                      57

                    
	 	
                      9.15.

                    	 	
                      USA
                        Patriot Act

                    	
                      57

                    
	 	 	 	 	 
	
                      ARTICLE
                        X

                    	
                      THE
                        AGENT

                    	
                      57

                    
	 	
                      10.1.

                    	 	
                      Appointment;
                        Nature of Relationship

                    	
                      57

                    
	 	
                      10.2.

                    	 	
                      Powers

                    	
                      58

                    
	 	
                      10.3.

                    	 	
                      General
                        Immunity

                    	
                      58

                    
	 	
                      10.4.

                    	 	
                      No
                        Responsibility for Loans, Recitals, etc

                    	
                      58

                    
	 	
                      10.5.

                    	 	
                      Action
                        on Instructions of Lenders

                    	
                      58

                    
	 	
                      10.6.

                    	 	
                      Employment
                        of Agents and Counsel

                    	
                      59

                    
	 	
                      10.7.

                    	 	
                      Reliance
                        on Documents; Counsel

                    	
                      59

                    
	 	
                      10.8.

                    	 	
                      Agent’s
                        Reimbursement and Indemnification

                    	
                      59

                    
	 	
                      10.9.

                    	 	
                      Notice
                        of Default

                    	
                      60

                    
	 	
                      10.10.

                    	 	
                      Rights
                        as a Lender

                    	
                      60

                    
	 	
                      10.11.

                    	 	
                      Independent
                        Credit Decision

                    	
                      60

                    
	 	
                      10.12.

                    	 	
                      Successor
                        Agent

                    	
                      60

                    
	 	
                      10.13.

                    	 	
                      Agent
                        and Arranger Fees

                    	
                      61

                    
	 	
                      10.14.

                    	 	
                      Delegation
                        to Affiliates

                    	
                      61

                    
	 	
                      10.15.

                    	 	
                      Syndication
                        Agent and Documentation Agents

                    	
                      61

                    
	 	 	 	 	 
	
                      ARTICLE
                        XI

                    	
                      SETOFF;
                        RATABLE PAYMENTS

                    	
                      61

                    
	 	
                      11.1.

                    	 	
                      Setoff

                    	
                      61

                    
	 	
                      11.2.

                    	 	
                      Ratable
                        Payments

                    	
                      62

                    
	 	 	 	 	 

            

             

             

            
              
                
                

              

              
                iii

                
                  

                

              

              
                
                

              

            

             

             

            
              	
                      ARTICLE
                        XII

                    	
                      BENEFIT
                        OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

                    	
                      62

                    
	 	
                      12.1.

                    	 	
                      Successors
                        and Assigns; Designated Lenders.

                    	
                      62

                    
	 	
                      12.2.

                    	 	
                      Participations.

                    	
                      64

                    
	 	
                      12.3.

                    	 	
                      Assignments.

                    	
                      65

                    
	 	
                      12.4.

                    	 	
                      Dissemination
                        of Information

                    	
                      66

                    
	 	
                      12.5.

                    	 	
                      Tax
                        Certifications

                    	
                      66

                    
	 	 	 	 	 
	
                      ARTICLE
                        XIII

                    	
                      NOTICES

                    	
                      67

                    
	 	
                      13.1.

                    	 	
                      Notices.

                    	
                      67

                    
	 	
                      13.2.

                    	 	
                      Change
                        of Address

                    	
                      67

                    
	 	 	 	 	 
	
                      ARTICLE
                        XIV

                    	
                      COUNTERPARTS

                    	
                      68

                    
	 	 	 	 	 
	
                      ARTICLE
                        XV

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

                    	
                      68

                    
	 	 	 	 	 

            

          

        

      

      

      

    

     

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

     

    
 

    

    SCHEDULES

     

    Commitment
      Schedule

     

    LC
      Commitment Schedule

     

    Pricing
      Schedule

     

    

     

    Schedule
      1 - Subsidiaries

     

    Schedule
      2 - Liens

     

    Schedule
      3 - Restrictive
      Agreements

     

    EXHIBITS

     

    Exhibit
      A - Form
      of
      Borrower’s Counsel’s Opinions

    

    Exhibit
      B - Form
      of
      Compliance Certificate

    

    Exhibit
      C - Form
      of
      Assignment and Assumption Agreement

    

    Exhibit
      D - Form
      of
      Loan/Credit Related Money Transfer Instruction

    

    Exhibit
      E - Form
      of
      Promissory Note (if requested)

    

    Exhibit
      F - Form
      of
      Designation Agreement

    

    

    
      
        
        

      

      
        v

        
          

        

      

      
        
        

      

    

     

    

      AMENDED
        AND RESTATED FIVE-YEAR
        REVOLVING CREDIT AGREEMENT

       

      This
        Amended and Restated Five-Year Revolving Credit Agreement, dated as of
        July 14, 2005, is entered into by and among Ameren Corporation, a
        Missouri
        corporation (the “Borrower”), the lenders party hereto (the “Lenders”) and
        JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), and amends and
        restates the Five-Year Revolving Credit Agreement dated as of July 14,
        2004
        (as previously amended, restated, supplemented or otherwise modified from
        time
        to time, the “Pre-Restatement Credit Agreement”), among the Borrower, the
        Lenders and the Agent (formerly known as JPMorgan Chase Bank). 

       

      The
        parties hereto agree as follows:

       

      ARTICLE
        I

       

      DEFINITIONS

       

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

       

      “Accounting
        Changes” is defined in Section 9.8 hereof.

       

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

       

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

       

      “Advance”
        means (a) Revolving Loans (i) made by some or all of the Lenders on
        the
        same Borrowing Date or (ii) converted or continued by the Lenders on the
        same
        date of conversion or continuation, consisting, in either case, of the aggregate
        amount of the several Revolving Loans of the same Type and, in the case of
        Eurodollar Loans, for the same Interest Period, (b) a Competitive
        Loan or
        group of Competitive Loans of the same type made on the same date and as
        to
        which a single Interest Period is in effect or (c) a Swingline
        Loan.

       

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

    

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

    “Aggregate
      Commitment” means the aggregate of the Commitments of all the Lenders, as
      reduced from time to time pursuant to the terms hereof. The initial Aggregate
      Commitment is Three Hundred Fifty Million and 00/100 Dollars
      ($350,000,000).

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    “Arrangers”
      means J.P. Morgan Securities Inc. and Barclays Capital and their respective
      successors, in their respective capacities as Joint Arrangers and
      Bookrunners.

     

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

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Assignment
      Agreement” is defined in Section 12.3.1.

     

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

     

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

     

    “Barclays
      Bank” means Barclays Bank PLC, in its individual capacity, and its
      successors.

     

    “Borrower”
      means Ameren Corporation, a Missouri corporation, and its permitted successors
      and assigns.

     

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

     

    “Borrowing
      Notice” is defined in Section 2.11.

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

       

      merger,
        consolidation, acquisition or similar transaction shall be included in such
        majority unless such individual was a member of the Borrower’s board of
        directors prior thereto.

    

     

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

     

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

     

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

     

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

     

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

     

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

     

    “Committed
      Credit Exposure” means, as to any Lender at any time, the aggregate principal
      amount of its (i) Revolving Loans, (ii) LC Exposure and
      (iii) Swingline Exposure outstanding at such time.

     

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

     

    “Competitive
      Bid” means an offer by a Lender to make a Competitive Loan in accordance with
      Section 2.4.

     

    “Competitive
      Bid Rate” means, with respect to any Competitive Bid, the Margin or the Fixed
      Rate, as applicable, offered by the Lender making such Competitive
      Bid.

     

    “Competitive
      Bid Request” means a request by the Borrower for Competitive Bids in accordance
      with Section 2.4.

     

    “Competitive
      Loan” means a Loan made pursuant to Section 2.4.

     

    “Consolidated
      Indebtedness” of a Person means at any time the Indebtedness of such Person and
      its Subsidiaries calculated on a consolidated basis as of such
      time.

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    “Default”
      means an event described in Article VII.

     

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

     

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

     

    “Designation
      Agreement” is defined in Section 12.1.2.

     

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

     

    “Documentation
      Agents” means The Bank of New York, The Bank of Tokyo Mitsubishi, Ltd. and
      Wachovia Bank, National Association.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

       

       

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

    

     

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

     

    “Eurodollar
      Rate” means, with respect to a Eurodollar Advance for the relevant Interest
      Period, the sum of (i) the quotient of (a) the Eurodollar Base Rate applicable
      to such Interest Period, divided by (b) one minus the Reserve Requirement
      (expressed as a decimal) applicable to such Interest Period, plus (ii) (A)
      in
      the case of a Eurodollar Advance consisting of Revolving Loans, the then
      Applicable Margin, changing as and when the Applicable Margin changes and (B)
      in
      the case of a Eurodollar Advance consisting of a Competitive Loan or Loans,
      the
      Margin applicable to such Loan or Loans.

     

    “Eurodollar
      Rate Advance” means an Advance consisting of Competitive Loans bearing interest
      at the Eurodollar Rate.

     

    “Exchange
      Act Documents” means (a) the Annual Report of each of the Borrower, Union
      Electric, CIPS, CILCO, CILCORP, Genco and IP to the Securities and Exchange
      Commission on Form 10-K for the fiscal year ended December 31, 2004,
      (b) the Quarterly Reports of each of the Borrower, Union Electric, CIPS,
      CILCO, CILCORP, Genco and IP to the Securities and Exchange Commission on Form
      10-Q for the fiscal quarter ended March 31, 2005, and (c) all
      Current
      Reports of each of the Borrower, Union Electric, CIPS, CILCO, CILCORP, Genco
      and
      IP to the Securities and Exchange Commission on Form 8-K from January 1,
      2005 to the Restatement Effective Date.

     

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

     

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

     

    “Existing
      CILCO Indenture” means the Indenture of Mortgage and Deed of Trust dated as of
      April 1, 1933, as heretofore or from time to time hereafter supplemented and
      amended, between CILCO and Deutsche Bank Trust Company Americas f/k/a Bankers
      Trust Company, as Trustee.

     

    “Existing
      Indentures” means (i) the Indenture of Mortgage and Deed of Trust dated as of
      June 15, 1937, as heretofore or from time to time hereafter supplemented and
      amended, between Union Electric and The Bank of New York, as Trustee, and (ii)
      the Indenture of Mortgage or Deed of Trust dated as of October 1, 1941, as
      heretofore or from time to time hereafter 

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

       

      supplemented
        and amended, between CIPS and U.S. Bank Trust National Association and Patrick
        J. Crowley, as Trustees.

    

     

    “Existing
      IP Indenture” means the General Mortgage Indenture and Deed of Trust dated as of
      November 1, 1992, as heretofore or from time to time supplemented and amended
      between IP and BNY Midwest Trust Company as successor to Harris Trust and
      Savings Bank, as Trustee.

     

    “Facility
      Fee” is defined in Section 2.8.1.

     

    “Facility
      Termination Date” means the earlier of (a) July 14, 2010, and (b) the date
      of termination in whole of the Aggregate Commitment pursuant to Section 2.8
      hereof or the Commitments pursuant to Section 8.1 hereof.

     

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

     

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

     

    “Five-Year
      Multi-Borrower Credit Agreement” means the Five-Year Revolving Credit Agreement
      dated as of July 14, 2005, among the Borrower, the Restricted Subsidiaries,
      the lenders from time to time party thereto and JPMCB, as administrative
      agent.

     

    “Fixed
      Rate” means, with respect to any Competitive Loan (other than a Eurodollar
      Loan), the fixed rate of interest per annum specified by the Lender making
      such
      Competitive Loan in its related Competitive Bid.

     

    “Fixed
      Rate Advance” means an Advance consisting of Competitive Loans bearing interest
      at a Fixed Rate.

     

    “Fixed
      Rate Loan” means a Competitive Loan bearing interest at a Fixed
      Rate.

     

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

     

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

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

     

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

     

    “Genco”
      means Ameren Energy Generating Company, an Illinois corporation and a Subsidiary
      of the Borrower.

     

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

     

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

     

    “Interest
      Period” means (a) with respect to a Eurodollar Advance, a period of one,
      two, three or six months, commencing on the date of such Advance and ending
      on
      but excluding the day which corresponds numerically to such date one, two,
      three
      or six months thereafter and (b) with respect to any Fixed Rate Advance,
      the period (which shall not be less than 7 days or more than 360 days)
      commencing on the date of such Advance and ending on the date specified in
      the
      applicable Competitive Bid Request; provided, however,
      that
      (i) in the case of Eurodollar Advances, if there is no such numerically
      corresponding day in such next, second, third or sixth succeeding month, such
      Interest Period shall end on the last Business Day of such next, second, third
      or sixth succeeding month, (ii) if an Interest Period would otherwise
      end
      on a day which is not a Business Day, such Interest Period shall end on the
      next
      succeeding Business Day, provided, however,
      that if
      said next succeeding Business Day falls in a new calendar month, such Interest
      Period shall end on the immediately preceding Business Day and (iii) no
      Interest Period in respect of an Advance to the Borrower may end after Facility
      Termination Date. For purposes hereof, the date of an Advance initially shall
      be
      the date on which such Advance is made and, in the case of an Advance comprising
      Revolving Loans, thereafter shall be the effective date of the most recent
      conversion or continuation of such Loans. 

     

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

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

     

    “LC
      Participation Fee” is defined in Section 2.8.2.

     

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

     

    “Lending
      Installation” means, with respect to a Lender or the Agent, the office, branch,
      subsidiary or affiliate of such Lender or the Agent listed on the signature
      pages hereof or on the 

     

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

       

      administrative
        information sheets provided to the Agent in connection herewith or on a Schedule
        or otherwise selected by such Lender or the Agent pursuant to Section 2.20.
        

    

     

    “Letter
      of Credit” means any letter of credit issued pursuant to this
      Agreement.

     

    “Leveraged
      Lease Sales” means sales by the Borrower or any Subsidiary of investments, in
      existence on the Restatement Effective Date, in assets leased to an unaffiliated
      lessee under leveraged lease arrangements, including any transactions between
      and among the Borrower and/or Subsidiaries that are necessary to effect the
      sale
      of such investments to a Person other than the Borrower or any of its
      Subsidiaries.

     

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

     

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

     

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

     

    “Margin”
      means, with respect to any Competitive Loan bearing interest at a rate based
      on
      the Eurodollar Base Rate, the marginal rate of interest, if any, to be added
      to
      or subtracted from the Eurodollar Base Rate to determine the rate of interest
      applicable to such Loan, as specified by the Lender making such Loan in its
      related Competitive Bid.

     

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

     

    “Material
      Indebtedness” means (i) any Indebtedness outstanding under the Five-Year
      Multi-Borrower Credit Agreement and (ii) any other Indebtedness in an
      outstanding principal amount of $50,000,000 or more in the aggregate (or the
      equivalent thereof in any currency other than Dollars). 

     

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

     

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

    “1935
      Act” means the Public Utility Holding Company Act of 1935, as amended (together
      with all rules, regulations and orders promulgated or otherwise issued in
      connection therewith).

     

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

     

    “Note”
      is
      defined in Section 2.16.

     

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

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    “Original
      Effective Date” means July 14, 2004.

     

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

     

    “Outstanding
      Credit Exposure” means, as to any Lender at any time, the aggregate principal
      amount of its (i) Revolving Loans, (ii) Competitive Loans, (iii) LC Exposure
      and
      (iv) Swingline Exposure outstanding at such time.

     

    “Participants”
      is defined in Section 12.2.1.

     

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

     

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

     

    “Peno
      Creek Project” means the Chapter 100 financing transaction and agreements
      related thereto entered into between Union Electric and the City of Bowling
      Green, Missouri (the “City”)
      pursuant to which (i) Union Electric conveyed to and leased from the City
      certain land and improvements including four combustion turbine generating
      units, and (ii) the City issued indebtedness (which was purchased by Union
      Electric) to finance the acquisition of such Property.

     

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

     

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

     

    “Pre-Restatement
      Credit Agreement” has the meaning assigned to such term in the preamble
      hereto.

     

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

    “Pro
      Rata
      Share” means, with respect to a Lender, a portion equal to a fraction the
      numerator of which is such Lender’s Commitment at such time (in each case, as
      adjusted from time to time in accordance with the provisions of this Agreement)
      and the denominator of which is the Aggregate Commitment at such time, or,
      if
      the Aggregate Commitment has been terminated, a fraction the numerator of which
      is such Lender’s Outstanding Credit Exposure at such time and the denominator of
      which is the Aggregate Outstanding Credit Exposure at such time
      (and if
      there shall be no Outstanding Credit Exposures at such time, the Lenders’ Pro
      Rata Shares shall be determined on the basis of the Outstanding Credit Exposures
      then most recently in effect).
      

     

    “Purchasers”
      is defined in Section 12.3.1.

     

    “Rate
      Management Obligations” of a Person means any and all unsatisfied or
      undischarged obligations of such Person, whether absolute or contingent and
      howsoever and whensoever created, arising, evidenced or acquired (including
      all
      renewals, extensions and modifications thereof and substitutions therefor),
      under (i) any and all Rate Management Transactions, and (ii) any and all
      cancellations, buy backs, reversals, terminations or assignments of any Rate
      Management Transactions.

     

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

     

     

    
      
        
        

      

      
        14

        
          

        

      

       

    

    
       

       

    

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

     

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

     

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

     

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

     

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

     

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

     

    “Restatement
      Effective Date” means July 14, 2005.

     

    “Restricted
      Subsidiaries” means Union Electric, CIPS, CILCO, Genco and IP.

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

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

     

    “SEC”
      means the Securities and Exchange Commission.

     

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

     

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

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    “Syndication
      Agent” means Barclays Bank.

     

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

     

    “Transferee”
      is defined in Section 12.4.

     

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

     

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

     

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

     

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

     

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

     

    ARTICLE
      II

     

    
    

    THE
      CREDITS

     

    2.1.  Commitment.
      From
      and including the Restatement Effective Date and prior to the Facility
      Termination Date, upon the satisfaction of the conditions precedent set forth
      in
      Section 4.1 and 4.2, as applicable, each Lender severally and not jointly
      agrees, on the terms and conditions set forth in this Agreement, to make
      Revolving Loans to the Borrower from time to time in an amount not to exceed
      in
      the aggregate at any one time outstanding its Pro Rata Share of the Available
      Aggregate Commitment; provided
      that
      (i) at no time shall the Aggregate Outstanding Credit Exposure exceed
      the
      Aggregate Commitment and (ii) at no time shall the Committed Credit
      Exposure of any Lender exceed its Commitment. Subject to the terms of this
      Agreement, the Borrower may borrow, repay and reborrow Revolving Loans at any
      time prior to the Facility Termination Date. The commitment of each Lender
      to
      lend hereunder shall automatically expire on the Facility Termination
      Date.

     

    2.2.  Required
      Payments; Termination.
      The
      Borrower hereby unconditionally promises to pay (i) to the Agent for the account
      of each Lender the then unpaid principal amount of each Revolving Loan on the
      Facility Termination Date, (ii) to the Agent for the account of each Lender
      the
      then unpaid principal amount of each Competitive Loan on the last day of the
      Interest Period applicable to such Loan, which shall not be later than the
      Facility Termination Date and (iii) to the Swingline Lender the then unpaid
      principal amount of each Swingline Loan on the earlier of the Facility
      Termination Date and the fifth Business Day after such Swingline Loan is made;
      provided
      that on
      each date that a Revolving Loan or Competitive Loan is made, the Borrower shall
      repay all Swingline Loans then outstanding. Notwithstanding the termination
      

     

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

       

       

      of
        the
        Commitments under this Agreement on the Facility Termination Date, until
        all of
        the Obligations (other than contingent indemnity obligations) shall have
        been
        fully paid and satisfied and all financing arrangements between the Borrower
        and
        the Lenders hereunder and under the other Loan Documents shall have been
        terminated, all of the rights and remedies under this Agreement and the other
        Loan Documents shall survive.

    

     

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

     

    2.4.  Competitive
      Bid Procedure.
      (a)
      Subject
      to the terms and conditions set forth herein, from time to time during the
      period commencing on the Restatement Effective Date and ending on the date
      immediately prior to the Facility Termination Date the Borrower may request
      Competitive Bids and may (but shall not have any obligation to) accept
      Competitive Bids and borrow Competitive Loans; provided
      that the
      Aggregate Outstanding Credit Exposure at any time shall not exceed the Aggregate
      Commitment. Within the foregoing limits and subject to the terms and conditions
      set forth herein, the Borrower may borrow, repay and reborrow Competitive
      Loans.

     

    

     

    To
      request Competitive Bids, the Borrower shall notify the Agent of such request
      by
      telephone, in the case of a Eurodollar Advance, not later than 11:00 a.m.,
      New
      York time, four Business Days before the date of the proposed Advance and,
      in
      the case of a Fixed Rate Advance, not later than 10:00 a.m., New York time,
      one
      Business Day before the date of the proposed Advance; provided
      that the
      Borrower may submit up to (but not more than) two Competitive Bid Requests
      on
      the same day, but a Competitive Bid Request shall not be made within five
      Business Days after the date of any previous Competitive Bid Request, unless
      any
      and all such previous Competitive Bid Requests shall have been withdrawn or
      all
      Competitive Bids received in response thereto rejected. Each such telephonic
      Competitive Bid Request shall be confirmed promptly by hand delivery or telecopy
      to the Agent of a written Competitive Bid Request in a form approved by the
      Agent and signed by the Borrower. Each such telephonic and written Competitive
      Bid Request shall specify the following information:

     

    
      	        (i)  	
              the
                aggregate amount of the requested
                Advance;

            

    

     

    
      	(ii)  	
              the
                date of such Advance, which shall be a Business
                Day;

            

    

     

    
      	(iii)  	
              whether
                such Advance is to be a Eurodollar Rate Advance or a Fixed Rate Advance;
                and

            

    

     

    
      	(iv)  	
              the
                Interest Period to be applicable to such Advance, which shall be
                a period
                contemplated by the definition of the term “Interest
                Period”.

            

    

     

    Promptly
      following receipt of a Competitive Bid Request in accordance with this Section,
      the Agent shall notify the Lenders of the details thereof by telecopy, inviting
      the Lenders to submit Competitive Bids.

     

    (b)
        Each
      Lender may (but shall not have any obligation to) make one or more Competitive
      Bids to the Borrower in response to a Competitive Bid Request. Each Competitive
      

     

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

       

       

      Bid
        by a
        Lender must be in a form approved by the Agent and must be received by the
        Agent
        by telecopy, in the case of a Eurodollar Rate Advance, not later than 10:30
        a.m., New York time, three Business Days before the proposed date of such
        Advance, and in the case of a Fixed Rate Advance, not later than 10:30 a.m.,
        New
        York time, on the proposed date of such Advance. Competitive Bids that do
        not
        conform substantially to the form approved by the Agent may be rejected by
        the
        Agent, and the Agent shall notify the applicable Lender as promptly as
        practicable. Each Competitive Bid shall specify (i) the principal amount
        (which
        shall be a minimum of $5,000,000 and an integral multiple of $1,000,000 and
        which may equal the entire principal amount of the Advance requested by the
        Borrower) of the Competitive Loan or Loans that the Lender is willing to
        make,
        (ii) the Competitive Bid Rate or Rates at which the Lender is prepared to
        make
        such Loan or Loans (expressed as a percentage rate per annum in the form
        of a
        decimal to no more than four decimal places) and (iii) the Interest Period
        applicable to each such Loan and the last day thereof. 

    

     

    (c)
        The
      Agent
      shall promptly notify the Borrower by telecopy of the Competitive Bid Rate
      and
      the principal amount specified in each Competitive Bid and the identity of
      the
      Lender that shall have made such Competitive Bid.

     

    (d)
        Subject
      only to the provisions of this paragraph, the Borrower may accept or reject
      any
      Competitive Bid. The Borrower shall notify the Agent by telephone, confirmed
      by
      telecopy in a form approved by the Agent, whether and to what extent it has
      decided to accept or reject each Competitive Bid, in the case of a Eurodollar
      Rate Advance, not later than 10:30 a.m., New York time, three Business Days
      before the date of the proposed Advance, and in the case of a Fixed Rate
      Advance, not later than 10:30 a.m., New York time, on the proposed date of
      the
      Advance; provided
      that (i)
      the failure of the Borrower to give such notice shall be deemed to be a
      rejection of each Competitive Bid, (ii) the Borrower shall not accept a
      Competitive Bid made at a particular Competitive Bid Rate if the Borrower
      rejects a Competitive Bid made at a lower Competitive Bid Rate, (iii) the
      aggregate amount of the Competitive Bids accepted by the Borrower shall not
      exceed the aggregate amount of the requested Advance specified in the related
      Competitive Bid Request, (iv) to the extent necessary to comply with clause
      (iii) above, the Borrower may accept Competitive Bids at the same Competitive
      Bid Rate in part, which acceptance, in the case of multiple Competitive Bids
      at
      such Competitive Bid Rate, shall be made pro rata in accordance with the amount
      of each such Competitive Bid, and (v) except pursuant to clause (iv) above,
      no
      Competitive Bid shall be accepted for a Competitive Loan unless such Competitive
      Loan is in a minimum principal amount of $5,000,000 and an integral multiple
      of
      $1,000,000; provided further
      that if
      a Competitive Loan must be in an amount less than $5,000,000 because of the
      provisions of clause (iv) above, such Competitive Loan may be for a minimum
      of
      $1,000,000 or any integral multiple thereof, and in calculating the pro rata
      allocation of acceptances of portions of multiple Competitive Bids at a
      particular Competitive Bid Rate pursuant to clause (iv) the amounts shall be
      rounded to integral multiples of $1,000,000 in a manner determined by the
      Borrower. A notice given by the Borrower pursuant to this paragraph shall be
      irrevocable.

     

    (e)
        The
      Agent
      shall promptly notify each bidding Lender by telecopy whether or not its
      Competitive Bid has been accepted (and, if so, the amount and Competitive Bid
      Rate so accepted), and each successful bidder will thereupon become bound,
      subject to the terms and 

     

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

       

       

      conditions
        hereof, to make the Competitive Loan in respect of which its Competitive
        Bid has
        been accepted.

    

     

    (f)
        If
      the
      Agent shall elect to submit a Competitive Bid in its capacity as a Lender,
      it
      shall submit such Competitive Bid directly to the Borrower at least one quarter
      of an hour earlier than the time by which the other Lenders are required to
      submit their Competitive Bids to the Agent pursuant to paragraph (b)
      of
      this Section.

     

    2.5.  Swingline
      Loans.
      (a)
      Subject
      to the terms and conditions set forth herein, the Swingline Lender agrees to
      make Swingline Loans to the Borrower from time to time during the period
      commencing on the Restatement Effective Date and ending on the date immediately
      prior to the Facility Termination Date, in an aggregate principal amount at
      any
      time outstanding that will not result in the Swingline Exposure exceeding
      $30,000,000; provided
      that
      (i) at no time shall the Aggregate Outstanding Credit Exposure exceed
      the
      Aggregate Commitment and (ii) at no time shall the Committed Credit
      Exposure of any Lender exceed its Commitment; and provided further
      that the
      Swingline Lender shall not be required to make a Swingline Loan to refinance
      an
      outstanding Swingline Loan. Within the foregoing limits and subject to the
      terms
      and conditions set forth herein, the Borrower may borrow, prepay and reborrow
      Swingline Loans.

     

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

     

    (c)
        To
      request a Swingline Loan, the Borrower shall notify the Swingline Lender of
      such
      request by telephone (confirmed by telecopy), not later than 12:00 noon, New
      York time, on the day of a proposed Swingline Loan. Each such notice shall
      be
      irrevocable and shall specify the requested date (which shall be a Business
      Day)
      and amount of the requested Swingline Loan and the Interest Period to be
      applicable thereto. If so requested by the Borrower, the Swingline Lender will
      quote an interest rate that, if accepted by the Borrower, will be applicable
      to
      the requested Swingline Loan, and the Borrower will promptly notify the
      Swingline Lender in the event it accepts such rate. The Swingline Lender will
      promptly advise the Agent of any such notice received from the Borrower. The
      Swingline Lender shall make each Swingline Loan available to the Borrower by
      means of a credit to the general deposit account of the Borrower with the
      Swingline Lender by 3:00 p.m., New York time, on the requested date of such
      Swingline Loan.

     

    (d)
        The
      Swingline Lender may by written notice given to the Agent not later than 10:00
      a.m., New York time, on any Business Day require the Lenders to acquire
      participations on such Business Day in all or a portion of the Swingline Loans
      outstanding. Such notice shall specify the aggregate amount of Swingline Loans
      in which Lenders will participate. Promptly upon receipt of such notice, the
      Agent will give notice thereof to each Lender, specifying in such notice such
      Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender hereby

     

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

       

       

      absolutely
        and unconditionally agrees, upon receipt of notice as provided above, to
        pay to
        the Agent, for the account of the Swingline Lender, such Lender’s Pro Rata Share
        of such Swingline Loan or Loans. Each Lender acknowledges and agrees that
        its
        obligation to acquire participations in Swingline Loans pursuant to this
        paragraph is absolute and unconditional and shall not be affected by any
        circumstance whatsoever, including the occurrence and continuance of a Default
        or reduction or termination of the Commitments, and that each such payment
        shall
        be made without any offset, abatement, withholding or reduction whatsoever.
        Each
        Lender shall comply with its obligation under this paragraph by wire transfer
        of
        immediately available funds, in the same manner as provided in Section 2.11
        with
        respect to Loans made by such Lender (and Section 2.11 shall apply, mutatis
        mutandis,
        to the
        payment obligations of the Lenders), and the Agent shall promptly pay to
        the
        Swingline Lender the amounts so received by it from the Lenders. The Agent
        shall
        notify the Borrower of any participation in any Swingline Loan acquired pursuant
        to this paragraph, and thereafter payments in respect of such Swingline Loan
        shall be made to the Agent and not to the Swingline Lender. Any amounts received
        by the Swingline Lender from the Borrower (or other party on behalf of the
        Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender
        of the proceeds of a sale of participation therein shall be promptly remitted
        to
        the Agent; any such amounts received by the Agent shall be promptly remitted
        by
        the Agent to the Lenders that shall have made their payments pursuant to
        this
        paragraph and to the Swingline Lender, as their interests may appear. The
        purchase of participations in a Swingline Loan pursuant to this paragraph
        shall
        not relieve the Borrower of any default in the payment
        thereof.

    

     

    2.6.  Letters
      of Credit.

     

    (a)
        General.
      Subject
      to the terms and conditions set forth herein, (i) the Borrower may request
      the
      issuance of Letters of Credit for its own account and (ii) the Borrower may
      request the issuance of Letters of Credit for its own account and, jointly,
      for
      the account of any of its Subsidiaries (and in each case under this clause
      (ii),
      the Borrower shall be considered the sole obligor under such Letter of Credit
      for purposes of this Agreement notwithstanding any listing of any Subsidiary
      as
      an account party or applicant with respect to such Letter of Credit) in each
      case in a form reasonably acceptable to the Agent and the applicable Issuing
      Bank, at any time and from time to time prior to the Facility Termination Date.
      In the event of any inconsistency between the terms and conditions of this
      Agreement and the terms and conditions of any form of letter of credit
      application or other agreement submitted by the Borrower to, or entered into
      by
      the Borrower with, an Issuing Bank relating to any Letter of Credit, the terms
      and conditions of this Agreement shall control. The Borrower unconditionally
      and
      irrevocably agrees that, in connection with any Letter of Credit referred to
      in
      clause (ii) of the first sentence of this paragraph, it will be fully
      responsible for the reimbursement of LC Disbursements, the payment of interest
      thereon and the payment of LC Participation Fees and other fees due under
      Section 2.8.2 to the same extent as if it were the sole account party in respect
      of such Letter of Credit (the Borrower hereby irrevocably waiving any defenses
      that might otherwise be available to it as a guarantor of the obligations of
      any
      Subsidiary that shall be a joint account party in respect of any such Letter
      of
      Credit).

     

    (b)
        Notice
      of Issuance, Amendment, Renewal, Extension; Certain Conditions.
      To
      request the issuance of a Letter of Credit (or the amendment, renewal or
      extension of an outstanding Letter of Credit), the Borrower shall hand deliver
      or telecopy (or transmit by 

     

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

       

       

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

    

     

    (c)
        Expiration
      Date.
      Each
      Letter of Credit shall expire at or prior to the close of business on the
      earlier of (i) the date one year after the date of the issuance of such
      Letter of Credit (or, in the case of any renewal or extension thereof, one
      year
      after such renewal or extension) and (ii) the date that is five Business
      Days prior to the Facility Termination Date.

     

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

     

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    (e)
        Reimbursement.
      If an
      Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit,
      the Borrower shall reimburse such LC Disbursement by paying to the Agent an
      amount equal to such LC Disbursement not later than 12:00 noon, New York City
      time, on the date that such LC Disbursement is made, if the Borrower shall
      have
      received notice of such LC Disbursement prior to 10:00 a.m., New York City
      time,
      on such date, or, if such notice has not been received by the Borrower prior
      to
      such time on such date, then not later than 12:00 noon, New York City time,
      on
      (i) the Business Day that the Borrower receives such notice, if such notice
      is
      received prior to 10:00 a.m., New York City time, on the day of receipt, or
      (ii)
      the Business Day immediately following the day that the Borrower receives such
      notice, if such notice is not received prior to such time on the day of receipt;
      provided
      that, if
      such LC Disbursement is not less than $1,000,000, the Borrower may, subject
      to
      the conditions to borrowing set forth herein, request in accordance with Section
      2.1 or 2.5 that such payment be financed with a Floating Rate Advance or
      Swingline Loan in an equivalent amount and, to the extent so financed, the
      Borrower’s obligation to make such payment shall be discharged and replaced by
      the resulting Floating Rate Advance or Swingline Loan. If the Borrower fails
      to
      make such payment when due, the Agent shall notify each Lender of the applicable
      LC Disbursement, the payment then due from the Borrower in respect thereof
      and
      such Lender’s Pro Rata Share thereof. Promptly following receipt of such notice,
      each Lender shall pay to the Agent its Pro Rata Share of the payment then due
      from the Borrower, in the same manner as provided in Section 2.11 with
      respect to Loans made by such Lender (and Section 2.11 shall apply,
      mutatis mutandis,
      to the
      payment obligations of the Lenders), and the Agent shall promptly pay to such
      Issuing Bank the amounts so received by it from the Lenders. Promptly following
      receipt by the Agent of any payment from the Borrower pursuant to this
      paragraph, the Agent shall distribute such payment to such Issuing Bank or,
      to
      the extent that Lenders have made payments pursuant to this paragraph to
      reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as
      their
      interests may appear. Any payment made by a Lender pursuant to this paragraph
      to
      reimburse an Issuing Bank for any LC Disbursement (other than the funding of
      a
      Floating Rate Advance or a Swingline Loan as contemplated above) shall not
      constitute a Loan and shall not relieve the Borrower of its obligation to
      reimburse such LC Disbursement.

     

    (f)
        Obligations
      Absolute.
      The
      Borrower’s obligation to reimburse LC Disbursements as provided in
      paragraph (e) of this Section shall be absolute, unconditional and
      irrevocable, and shall be performed strictly in accordance with the terms of
      this Agreement under any and all circumstances whatsoever and irrespective
      of
      (i) any lack of validity or enforceability of any Letter of Credit or this
      Agreement, or any term or provision therein, (ii) any draft or other document
      presented under a Letter of Credit proving to be forged, fraudulent or invalid
      in any respect or any statement therein being untrue or inaccurate in any
      respect, (iii) payment by an Issuing Bank under a Letter of Credit against
      presentation of a draft or other document that does not comply with the terms
      of
      such Letter of Credit, or (iv) any other event or circumstance whatsoever,
      whether or not similar to any of the foregoing, that might, but for the
      provisions of this Section, constitute a legal or equitable discharge of, or
      provide a right of setoff against, the Borrower’s obligations hereunder. None of
      the Agent, the Lenders or the Issuing Banks, or any of their respective
      affiliates, directors, officers or employees, shall have any liability or
      responsibility by reason of or in connection with the issuance or transfer
      of
      any Letter of Credit or any payment or failure to make any payment thereunder
      (irrespective of any of the circumstances referred to in the preceding
      sentence), or any error, omission, interruption, loss or delay in transmission
      or delivery of any draft, notice or other communication under or relating to
      

     

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

       

       

      any
        Letter of Credit (including any document required to make a drawing thereunder),
        any error in interpretation of technical terms or any consequence arising
        from
        causes beyond the control of the applicable Issuing Bank; provided
        that the
        foregoing shall not be construed to excuse an Issuing Bank from liability
        to the
        Borrower to the extent of any direct damages (as opposed to consequential
        damages, claims in respect of which are hereby waived by the Borrower to
        the
        extent permitted by applicable law) suffered by the Borrower that are caused
        by
        such Issuing Bank’s failure to exercise care when determining whether drafts and
        other documents presented under a Letter of Credit comply with the terms
        thereof. The parties hereto expressly agree that, in the absence of gross
        negligence or willful misconduct on the part of an Issuing Bank (as finally
        determined by a court of competent jurisdiction), an Issuing Bank shall be
        deemed to have exercised care in each such determination. In furtherance
        of the
        foregoing and without limiting the generality thereof and subject to any
        non-waivable provisions of the laws and/or other rules to which a Letter
        of
        Credit is subject, the parties agree that, with respect to documents presented
        which appear on their face to be in substantial compliance with the terms
        of a
        Letter of Credit, an Issuing Bank may, in its sole discretion, either accept
        and
        make payment upon such documents without responsibility for further
        investigation, regardless of any notice or information to the contrary, or
        refuse to accept and make payment upon such documents if such documents are
        not
        in strict compliance with the terms of such Letter of Credit.

    

     

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

     

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

     

    (i)
        Cash
      Collateralization.
      If any
      Default shall occur and be continuing, on the Business Day that the Borrower
      receives notice from the Agent or the Required Lenders (or, if the maturity
      of
      the Loans has been accelerated, Lenders with LC Exposures representing greater
      than 50% of the total LC Exposure) demanding the deposit of cash collateral
      pursuant to this paragraph, the Borrower shall deposit in an account with the
      Agent, in the name of the Agent and for the benefit of the Lenders, an amount
      in
      cash equal to the LC Exposure as of such date plus any accrued and unpaid
      interest thereon; provided
      that the
      obligation to deposit such cash collateral shall become effective immediately,
      and such deposit shall become immediately due 

     

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

       

       

      and
        payable, without demand or other notice of any kind, upon the occurrence
        of any
        Default with respect to the Borrower described in Sections 7.6 or
        7.7. Such
        deposit shall be held by the Agent as collateral for the payment and performance
        of the obligations of the Borrower under this Agreement. The Agent shall
        have
        exclusive dominion and control, including the exclusive right of withdrawal,
        over such account. Other than any interest earned on the investment of such
        deposits, which investments shall be made at the option and sole discretion
        of
        the Agent and at the Borrower’s risk and expense, such deposits shall not bear
        interest. Interest or profits, if any, on such investments shall accumulate
        in
        such account. Moneys in such account shall be applied by the Agent to reimburse
        each Issuing Bank for LC Disbursements for which it has not been reimbursed
        and,
        to the extent not so applied, shall be held for the satisfaction of future
        reimbursement obligations of the Borrower for the LC Exposure at such time
        or,
        if the maturity of the Loans has been accelerated (but subject to the consent
        of
        Lenders with LC Exposures representing greater than 50% of the total LC
        Exposure), be applied to satisfy other obligations of the Borrower under
        this
        Agreement. If the Borrower is required to provide an amount of cash collateral
        hereunder as a result of the occurrence of a Default, such amount (to the
        extent
        not applied as aforesaid) shall be returned to the Borrower within three
        Business Days after all Defaults have been cured or waived.

    

     

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

     

    2.7.  Types
      of Advances.
      Revolving Advances may be Floating Rate Advances or Eurodollar Advances, or
      a
      combination thereof, selected by the Borrower in accordance with Sections 2.10
      and 2.11. Swingline Loans will be Floating Rate Advances. Competitive Loans
      may
      be Eurodollar Rate Advances or Fixed Rate Advances, or a combination thereof,
      selected by the Borrower in accordance with Section 2.4.

     

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

     

    2.8.1
        Facility
      Fee.
      The
      Borrower agrees to pay to the Agent for the account of each Lender a facility
      fee (the “Facility Fee”) at a per annum rate equal to the Applicable Fee Rate on
      such Lender’s Commitment (whether used or unused) from and including the
      Original Effective Date to and including the Facility Termination Date, payable
      quarterly in arrears on each Payment Date hereafter and on the Facility
      Termination Date, provided
      that, if
      any Lender continues to have Revolving Credit Exposure outstanding hereunder
      after the termination of its Commitment (including, without limitation, during
      any period when Loans or Letters of Credit may be outstanding but new Loans
      or
      Letters of Credit may not be borrowed or issued hereunder), then the Facility
      Fee shall continue to accrue on the aggregate principal amount of the Revolving
      Credit Exposure of such Lender until 

     

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

            

       

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

    

     

    2.8.2
        Letter
      of Credit Fees.
      The
      Borrower agrees to pay (i) to the Agent for the account of each Lender a
      participation fee with respect to its participations in Letters of Credit (the
      “LC Participation Fee”), which shall accrue at the Applicable Fee Rate on the
      average daily amount of such Lender’s LC Exposure (excluding any portion thereof
      attributable to unreimbursed LC Disbursements) during the period from and
      including the Original Effective Date to but excluding the later of the date
      on
      which such Lender’s Commitment terminates and the date on which such Lender
      ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee,
      which shall accrue at the rate or rates per annum separately agreed upon between
      the Borrower and such Issuing Bank on the average daily amount of the LC
      Exposure attributable to Letters of Credit issued by such Issuing Bank
      (excluding any portion thereof attributable to unreimbursed LC Disbursements)
      during the period from and including the Original Effective Date to but
      excluding the later of the date of termination of the Commitments and the date
      on which there ceases to be any LC Exposure, as well as each Issuing Bank’s
      standard fees with respect to the issuance, amendment, renewal or extension
      of
      any Letter of Credit or processing of drawings thereunder. LC Participation
      Fees
      and fronting fees accrued through and including the last day of March, June,
      September and December of each year shall be payable on the third Business
      Day
      following such last day, commencing on the first such date to occur after the
      Original Effective Date; provided
      that all
      such fees shall be payable on the Facility Termination Date and any such fees
      accruing after the date on which the Commitments terminate shall be payable
      on
      demand. Any other fees payable to an Issuing Bank pursuant to this paragraph
      shall be payable promptly upon receipt of an invoice therefor.

     

    2.8.3
        Termination
      of and Reductions in Aggregate Commitment.
      The
      Aggregate Commitment and the Commitment of each Lender will automatically
      terminate on the Facility Termination Date. The Borrower may permanently reduce
      the Aggregate Commitment in whole, or in part, ratably among the Lenders in
      integral multiples of $5,000,000, upon at least ten (10) Business Days’ written
      notice to the Agent, which notice shall specify the amount of any such
      reduction, provided, however,
      that the
      amount of the Aggregate Commitment may not be reduced below the Aggregate
      Outstanding Credit Exposure. All accrued facility fees shall be payable on
      the
      effective date of any termination of the obligations of the Lenders to make
      Credit Extensions hereunder and on the final date upon which all Revolving
      Loans
      are repaid.

     

    2.9.  Minimum
      Amount of Each Advance.
      Each
      Eurodollar Advance shall be in the minimum amount of $5,000,000 (and in
      multiples of $1,000,000 if in excess thereof), and each Floating Rate Advance
      shall be in the minimum amount of $5,000,000 (and in multiples of $1,000,000
      if
      in excess thereof), provided, however,
      that any
      Floating Rate Advance may be in the amount of the Available Aggregate
      Commitment.

     

    2.10.  Optional
      Principal Payments.
      The
      Borrower may from time to time pay, without penalty or premium, all outstanding
      Floating Rate Advances, or any portion of the outstanding Floating Rate
      Advances, in a minimum aggregate amount of $5,000,000 or any integral multiple
      

     

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

       

       

      of
        $1,000,000 in excess thereof, upon one (1) Business Day’s prior notice to the
        Agent. The Borrower may from time to time pay, subject to the payment of
        any
        funding indemnification amounts required by Section 3.4 but without penalty
        or
        premium, all outstanding Eurodollar Advances, or, in a minimum aggregate
        amount
        of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, any
        portion of the outstanding Eurodollar Advances upon three (3) Business Days’
        prior notice to the Agent; provided
        that no
        Competitive Loan may be prepaid without the consent of the applicable
        Lender.

    

     

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

     

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

            

    

     

    
      	(ii)  	
              the
                aggregate amount of such Advance,

            

    

     

    
      	(iii)  	
              the
                Type of Advance selected, and

            

    

     

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

            

    

     

    The
      Agent
      shall provide written notice of each request for borrowing under this Section
      2.11 by 11:00 a.m. (New York time) (or, if later, within one hour after receipt
      of the applicable Borrowing Notice from the Borrower) on each Borrowing Date
      for
      each Floating Rate Advance or on the third Business Day prior to each Borrowing
      Date for each Eurodollar Advance, as applicable. Not later than 1:00 p.m. (New
      York time) on each Borrowing Date, each Lender shall make available its
      Revolving Loan or Revolving Loans in Federal or other funds immediately
      available in New York to the Agent at its address specified pursuant
      to
      Article XIII. The Agent will promptly make the funds so received from the
      Lenders available to the Borrower at the Agent’s aforesaid address.

     

    2.12.  Conversion
      and Continuation of Outstanding Revolving Advances; No Conversion or
      Continuation of Revolving Eurodollar Advances After Default.
      Revolving Floating Rate Advances shall continue as Floating Rate Advances unless
      and until such Revolving Floating Rate Advances are converted into Revolving
      Eurodollar Advances pursuant to this Section 2.12 or are repaid in accordance
      with Section 2.10. Each Revolving Eurodollar Advance shall continue as a
      Eurodollar Advance until the end of the then applicable Interest Period
      therefor, at which time such Revolving Eurodollar Advance shall be automatically
      converted into a Revolving Floating Rate Advance unless (x) such Revolving
      Eurodollar Advance is or was repaid in accordance with Section 2.10 or (y)
      the
      Borrower shall have given the Agent a Conversion/Continuation Notice (as defined
      below) requesting that, at the end of such Interest Period, such Revolving
      Eurodollar Advance continue as a Revolving Eurodollar Advance for the same
      or
      another Interest Period. Subject to the terms of Section 2.9, the 

     

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

       

       

      Borrower
        may elect from time to time to convert all or any part of a Revolving Advance
        of
        any Type into any other Type or Types of Advances; provided
        that any
        conversion of any Revolving Eurodollar Advance shall be made on, and only
        on,
        the last day of the Interest Period applicable thereto. Notwithstanding anything
        to the contrary contained in this Section 2.12, during the continuance of
        a
        Default or an Unmatured Default, the Agent may (or shall at the direction
        of the
        Required Lenders), by notice to the Borrower, declare that no Revolving Advance
        may be made, converted or continued as a Eurodollar Advance. The Borrower
        shall
        give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each
        conversion of a Revolving Advance or continuation of a Revolving Eurodollar
        Advance not later than 11:00 a.m. (New York time) at least one (1) Business
        Day,
        in the case of a conversion into a Revolving Floating Rate Advance, or three
        (3)
        Business Days, in the case of a conversion into or continuation of a Revolving
        Eurodollar Advance, prior to the date of the requested conversion or
        continuation, specifying:

    

     

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

            

    

     

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

            

    

     

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

            

    

     

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

     

    2.13.  Interest
      Rates, etc.
      Each
      Floating Rate Advance shall bear interest on the outstanding principal amount
      thereof, for each day from and including the date such Advance is made or is
      automatically converted from a Eurodollar Advance into a Floating Rate Advance
      pursuant to Section 2.12, to but excluding the date it is paid or is converted
      into a Eurodollar Advance pursuant to Section 2.12, at a rate per annum
      equal to the Floating Rate for such day. Changes in the rate of interest on
      that
      portion of any Advance maintained as a Floating Rate Advance will take effect
      simultaneously with each change in the Alternate Base Rate. Each Eurodollar
      Advance shall bear interest on the outstanding principal amount thereof from
      and
      including the first day of the Interest Period applicable thereto to (but not
      including) the last day of such Interest Period at the Eurodollar Rate
      determined by the Agent as applicable to such Eurodollar Advance based upon
      the
      Borrower’s selections under Sections 2.10 and 2.11 and otherwise in accordance
      with the terms hereof. No Interest Period may end after the Facility Termination
      Date. Each Fixed Rate Advance shall bear interest at the Fixed Rate applicable
      thereto.

     

    2.14.  Rates
      Applicable After Default.
      During
      the continuance of a Default (including the Borrower’s failure to pay any Loan
      when due, whether upon stated maturity, acceleration or otherwise) the Required
      Lenders may, at their option, by notice to the Borrower (which notice may be
      revoked at the option of the Required Lenders notwithstanding any provision
      of
      Section 8.2 requiring unanimous consent of the Lenders to changes in interest
      rates), declare that (i) each Eurodollar Advance shall bear interest
      for
      the remainder of the applicable Interest Period at the rate otherwise applicable
      during such Interest Period plus 2% per annum and (ii) each Floating
      

     

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

       

       

      Rate
        Advance shall bear interest at a rate per annum equal to the Floating Rate
        in
        effect from time to time plus 2% per annum, provided
        that,
        during the continuance of a Default under Section 7.6 or 7.7, the interest
        rates
        set forth in clauses (i) and (ii) above shall be applicable to all Advances,
        fees and other Obligations hereunder without any election or action on the
        part
        of the Agent or any Lender.

    

     

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

     

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

     

    
      	(ii)  	
              The
                Agent shall also maintain accounts in which it will record (a) the
                date
                and the amount of each Loan made hereunder, the Type thereof and
                the
                Interest Period (in the case of an Eurodollar Advance) with respect
                thereto, (b) the amount of any principal or interest due and payable
                or to
                become due and payable from the Borrower to each Lender hereunder,
                (c) the
                effective date and amount of each Assignment Agreement delivered
                to and
                accepted by it pursuant to Section 12.3 and the parties thereto,
                (d) the amount of any sum received by the Agent hereunder
                from the
                Borrower and each Lender’s share thereof, and (e) all other
                appropriate debits and credits as provided in this Agreement, including,
                without limitation, all fees, charges, expenses and
                interest.

            

    

     

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

            

    

     

    
      
        	(iv)  	
                Any
                  Lender may request that its Loans be evidenced by a promissory
                  note in
                  substantially the form of Exhibit E (a “Note”). In such event, the
                  Borrower shall prepare, execute and deliver to such Lender such
                  Note
                  payable to the order of such Lender. Thereafter, the Loans evidenced
                  by
                  such Note and interest thereon shall at all times (prior to any
                  assignment
                  pursuant to Section 12.3) be represented

              

      

       

       

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

       

       

      
        	 	
                by one or more Notes
                  payable
                  to the order of the payee named therein, except to the extent that
                  any
                  such Lender subsequently returns any such Note for

                cancellation and
                  requests that
                  such Loans once again be evidenced as described in paragraphs (i)
                  and (ii)
                  above. 

              

      

    

     

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

     

    2.18.  Interest
      Payment Dates; Interest and Fee Basis.
      Interest accrued on each Floating Rate Advance shall be payable in arrears
      on
      each Payment Date, commencing with the first such date to occur after the
      Original Effective Date, on any date on which the Floating Rate Advance is
      prepaid, whether due to acceleration or otherwise, and at maturity. Interest
      accrued on that portion of the outstanding principal amount of any Floating
      Rate
      Advance converted into a Eurodollar Advance on a day other than a Payment Date
      shall be payable on the date of conversion. Interest accrued on each Eurodollar
      Advance shall be payable on the last day of each applicable Interest Period,
      on
      any date on which the Eurodollar Advance is prepaid, whether by acceleration
      or
      otherwise, and at maturity. Interest accrued on each Eurodollar Advance having
      an Interest Period longer than three months shall also be payable on the last
      day of each three-month interval during such Interest Period. Interest accrued
      on each Fixed Rate Loan shall be payable on the last day of the Interest Period
      applicable to the Advance of which such Loan is a part and, in the case of
      a
      Fixed Rate Advance with an Interest Period of more than 90 days’ duration
      (unless otherwise specified in the applicable Competitive Bid Request), each
      day
      prior to the last day of such Interest Period that occurs at intervals of 90
      days’ duration after the first day of such Interest Period, and any other dates
      that are specified in the applicable Competitive Bid Request as dates for
      payment of interest with respect to such Advance. Interest accrued on each
      Swingline Loan shall be payable on the day that such Loan is required to be
      repaid. Interest accrued on any Advance that is not paid when due shall be
      payable on demand and on the date of payment in full. Interest on Eurodollar
      Advances, Fixed Rate Loans and fees hereunder shall be calculated for actual
      days elapsed on the basis of a 360-day year. Interest on Floating Rate Advances
      shall be calculated for actual days elapsed on the basis of a 365/366-day year.
      Interest shall be payable for the day an Advance is made but not for the day
      of
      any payment on the amount paid if payment is received prior to 12:00 noon (New
      York time) at the place of payment. If any payment of principal of or interest
      on an Advance, any fees or any other amounts payable to the Agent or any Lender
      hereunder shall become due on a day which is not a Business Day, such payment
      shall be made on the next succeeding Business Day and, in the case of principal
      payment, such extension of time shall be included in computing interest, fees
      and commissions in connection with such payment.

     

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

    2.22.  Replacement
      of Lender.
      If the
      Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any additional
      payment to any Lender or if any Lender’s obligation to make or continue, or to
      convert Floating Rate Advances into, Eurodollar Advances shall be suspended
      pursuant to Section 3.3 (any Lender so affected an “Affected Lender”), the
      Borrower may elect, if such amounts continue to be charged or such suspension
      is
      still effective, to terminate or replace the Commitment of such Affected Lender,
      provided
      that no
      Default or Unmatured Default shall have occurred and be continuing at the time
      of such termination or replacement, and provided further
      that,
      concurrently with such termination or replacement, (i) if the Affected Lender
      is
      being replaced, another bank or other entity which is reasonably satisfactory
      to
      the Borrower and the Agent shall agree, as of such date, to purchase for cash
      at
      face amount the Outstanding Credit Exposure of the Affected Lender pursuant
      to
      an Assignment Agreement substantially in the form of Exhibit C and to become
      a
      Lender for all purposes under this Agreement and to assume all obligations
      of
      the Affected Lender to be terminated as of such date and to comply with the
      requirements of Section 12.3 applicable to assignments, and (ii) the

     

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

       

       

      Borrower
        shall pay to such Affected Lender in immediately available funds on the day
        of
        such replacement (A) all interest, fees and other amounts then accrued but
        unpaid to such Affected Lender by the Borrower hereunder to and including
        the
        date of termination, including without limitation payments due to such Affected
        Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal
        to the
        payment which would have been due to such Lender on the day of such replacement
        under Section 3.4 had the Loans of such Affected Lender been prepaid on such
        date rather than sold to the replacement Lender, in each case to the extent
        not
        paid by the purchasing lender and (iii) if the Affected Lender is being
        terminated, the Borrower shall pay to such Affected Lender all Obligations
        due
        to such Affected Lender (including the amounts described in the immediately
        preceding clauses (i) and (ii) plus the outstanding principal balance of
        such
        Affected Lender’s Advances and the amount of such Lender's funded participations
        in unreimbursed LC Disbursements). Notwithstanding the foregoing, the Borrower
        may not terminate the Commitment of an Affected Lender if, after giving effect
        to such termination, the Aggregate Outstanding Credit Exposure would exceed
        the
        Aggregate Commitment.

    

     

    ARTICLE
      III

     

    YIELD
      PROTECTION; TAXES

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

     

     

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

     

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

     

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

     

    3.4.  Funding
      Indemnification.
      If any
      payment of a Eurodollar Advance or a Fixed Rate Loan occurs on a date which
      is
      not the last day of the applicable Interest Period, whether because of
      acceleration, prepayment or otherwise, or a Eurodollar Advance is not made
      or
      continued, a Fixed Rate Loan is not made or a Floating Rate Advance is not
      converted into a Eurodollar Advance, on the date specified by the Borrower
      for
      any reason other than default by the Lenders, or a Eurodollar Advance or Fixed
      Rate Loan is not prepaid on the date specified by 

     

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

       

       

      the
        Borrower for any reason, the Borrower will indemnify each Lender for any
        loss or
        cost incurred by it resulting therefrom, including, without limitation, any
        loss
        or cost in liquidating or employing deposits acquired to fund or maintain
        such
        Eurodollar Advance or Fixed Rate Loan.

    

     

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

     

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

            

    

     

    
      	(iii)  	
              The
                Borrower shall indemnify the Agent and each Lender for the full amount
                of
                Taxes or Other Taxes (including, without limitation, any Taxes or
                Other
                Taxes imposed on amounts payable under this Section 3.5) paid by
                the Agent
                or such Lender and any liability (including penalties, interest and
                expenses) arising therefrom or with respect thereto. Payments due
                under
                this indemnification shall be made within 30 days of the date the
                Agent or
                such Lender makes demand therefor pursuant to Section
                3.6.

            

    

     

    
      
        	(iv)  	
                Each
                  Lender that is not incorporated under the laws of the United States
                  of
                  America or a state thereof (each a “Non-U.S. Lender”) agrees that it will,
                  not more than ten Business Days after the date on which it becomes
                  a party
                  to this Agreement (but in any event before a payment is due to
                  it
                  hereunder), (i) deliver to each of the Borrower and the Agent two
                  duly
                  completed copies of United States Internal Revenue Service Form
                  W-8BEN or
                  W-8ECI, certifying in either case that such Lender is entitled
                  to receive
                  payments under this Agreement without deduction or withholding
                  of any
                  United States federal income taxes, or (ii) in the case of a Non-U.S.
                  Lender that is fiscally transparent, deliver to the Agent a United
                  States
                  Internal Revenue Form W-8IMY together with the applicable accompanying
                  forms, W-8 or W-9, as the case may be, and certify that it is entitled
                  to
                  an exemption from United States withholding tax. Each Non-U.S.
                  Lender
                  further undertakes to deliver to each of the Borrower and the Agent
                  (x)
                  renewals or additional copies of such form (or any successor form)
                  on or
                  before the date that such form expires or becomes obsolete, and
                  (y) after
                  the occurrence of any event requiring a change in the most recent
                  forms so
                  delivered by it, such 

              

      

       

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

       

       

      
        	 	additional forms or amendments thereto as may
                be
                reasonably requested by the Borrower or the Agent. All forms or amendments
                described in the preceding sentence shall certify that such Lender
                is
                entitled to receive payments under this Agreement without deduction
                or
                withholding of any United States federal income taxes, unless
                an
                event (including without limitation any change in treaty, law or
                regulation) has occurred prior to the date on which any such delivery
                would otherwise be required which renders all such forms inapplicable
                or
                which would prevent such Lender from duly completing and delivering
                any
                such form or amendment with respect to it and such Lender advises
                the
                Borrower and the Agent that it is not capable of receiving payments
                without any deduction or withholding of United States federal income
                tax. 

      

    

     

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

            

    

     

    
      	(vi)  	
              Any
                Lender that is entitled to an exemption from or reduction of withholding
                tax with respect to payments under this Agreement or any Note pursuant
                to
                the law of any relevant jurisdiction or any treaty shall deliver
                to the
                Borrower (with a copy to the Agent), at the time or times prescribed
                by
                applicable law, such properly completed and executed documentation
                prescribed by applicable law as will permit such payments to be made
                without withholding or at a reduced
                rate.

            

    

     

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

            

    

     

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

     

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

     

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

     

    ARTICLE
      IV

     

    CONDITIONS
      PRECEDENT

     

    4.1.  Restatement
      Effective Date.
      The
      amendment and restatement of the Pre-Restatement Credit Agreement by this
      Agreement shall not become effective unless the following conditions precedent
      have been satisfied and the Borrower has furnished to the Agent with sufficient
      copies for the Lenders and the Issuing Banks:

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

     

     

    4.1.4
        A
      certificate, signed by the Chairman, Chief Executive Officer, President,
      Executive Vice President, Chief Financial Officer, any Senior Vice President,
      any Vice President or the Treasurer of the Borrower, stating that on the
      Restatement Effective Date (a) no Default or Unmatured Default has occurred
      and is continuing, (b) all of the representations and warranties in
      Article
      V shall be true and correct in all material respects as of such date except
      to
      the extent any such representation or warranty is stated to relate solely to
      an
      earlier date, in which case such representation or warranty shall have been
      true
      and correct on and as of such earlier date and (c) no material adverse change
      in
      the business, financial condition or operations of the Borrower and its
      Subsidiaries, taken as a whole, has occurred since December 31, 2004 except
      for
      the Disclosed Matters.

     

    4.1.5
        A
      written
      opinion of the Borrower’s counsel, in form and substance satisfactory to the
      Agent and addressed to the Lenders, in substantially the form of
      Exhibit A.

     

    4.1.6
        Evidence
      satisfactory to the Agent that the Five-Year Multi-Borrower Credit Agreement
      shall have been duly executed by all parties thereto.

     

    4.1.7
        All
      documentation and other information that any Lender shall reasonably have
      requested in order to comply with its ongoing obligations under applicable
“know
      your customer” and anti-money laundering rules and regulations, including the
      USA Patriot Act.

     

    4.1.8
        Such
      other documents as any Lender or its counsel may have reasonably
      requested.

     

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

     

    4.2.1
        There
      exists no Default or Unmatured Default.

     

    4.2.2
        The
      representations and warranties contained in Article V are true and correct
      as of
      such Credit Extension Date except to the extent any such representation or
      warranty is stated to relate solely to an earlier date, in which case such
      representation or warranty shall have been true and correct on and as of such
      earlier date.

     

    4.2.3
        All
      legal
      matters incident to the making of such Advance shall be satisfactory to the
      Lenders and their counsel.

     

    4.2.4
        In
      the
      case of any Credit Extension which would (i) be made after June 30,
      2007,
      (ii) cause the aggregate principal amount of short-term indebtedness for
      borrowed money of the Borrower to exceed $1,500,000,000, or (iii) cause
      the
      aggregate principal amount of issuances and sales by the Borrower of capital
      stock, preferred stock, the
      other
      securities specified in the SEC order referred to in Section 5.18
      and
      long-term indebtedness for borrowed money to exceed $2,500,000,000 then, unless
      such authorization is no longer required by applicable laws and regulations
      (and
      the Agent shall have received confirmation thereof reasonably satisfactory
      to
      it), such Credit Extension shall have been duly authorized by an order of the
      SEC under the 1935 Act (or 

     

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

       

       

      of
        any
        governmental agency that may succeed to the authority of the SEC under the
        1935
        Act) and the Agent shall have received a true and complete copy of such order
        authorizing such Credit Extension.

    

     

    Each
      Borrowing Notice or request for the issuance of a Letter of Credit with respect
      to each such Credit Extension shall constitute a representation and warranty
      by
      the Borrower that the conditions contained in Sections 4.2.1, 4.2.2, 4.2.3
      and
      4.2.4 have been satisfied. Any Lender or Issuing Bank may require a duly
      completed compliance certificate in substantially the form of Exhibit B as
      a
      condition to making a Credit Extension.

     

    ARTICLE
      V

     

    REPRESENTATIONS
      AND WARRANTIES

     

    The
      Borrower represents and warrants to each Lender, each Issuing Bank and the
      Agent
      as of each of (i) the Restatement Effective Date, (ii) the date
      of the
      initial Credit Extension hereunder after the Restatement Effective Date (if
      different from the Restatement Effective Date) and (iii) each date as
      required by Section 4.2:

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

       

       

      on
        the
        Property of the Borrower or a Subsidiary pursuant to the terms of, any such
        indenture, instrument or agreement. No order, consent, adjudication, approval,
        license, authorization, or validation of, or filing, recording or registration
        with, or exemption by, or other action in respect of any governmental or
        public
        body or authority, or any subdivision thereof, which has not been obtained
        by
        the Borrower or any of its Subsidiaries, is required to be obtained by the
        Borrower or any of its Subsidiaries in connection with the execution and
        delivery of the Loan Documents, the borrowings and issuances of Letters of
        Credit under this Agreement, the payment and performance by the Borrower
        of the
        Obligations or the legality, validity, binding effect or enforceability of
        any
        of the Loan Documents.

    

     

    5.4.  Financial
      Statements.
      The
      December 31, 2004, consolidated financial statements of the Borrower
      and
      its Subsidiaries, audited by Pricewaterhouse Coopers LLP, for the fiscal year
      ended December 31, 2004, and the unaudited consolidated balance
      sheet of the Borrower and its Subsidiaries as of March 31, 2005, and
      the
      related unaudited statement of income and statement of cash flows for the
      three-month period then ended, copies of which have been furnished to each
      Lender, fairly present in all material respects (subject in the case of such
      balance sheet and statement of income for the period ended March 31,
      2005,
      to year-end adjustments) the consolidated financial condition of the Borrower
      and its Subsidiaries at such dates and the consolidated results of the
      operations of the Borrower and its Subsidiaries for the periods ended on such
      dates,
      were
      prepared in accordance with generally accepted accounting principles in effect
      on the dates such statements were prepared (except for the absence of footnotes
      and subject to year end audit adjustments) and fairly present the consolidated
      financial condition and operations of the Borrower and its Subsidiaries at
      such
      dates and the consolidated results of their operations for the periods then
      ended.

     

    5.5.  Material
      Adverse Change.
      As of
      the Restatement Effective Date, since December 31, 2004, there has been
      no
      change in the business, Property, condition (financial or otherwise) or results
      of operations of the Borrower and its Subsidiaries (other than any Project
      Finance Subsidiary) which could reasonably be expected to have a Material
      Adverse Effect (a “Material Adverse Change”), except for the Disclosed Matters;
provided,
      however,
      that
      neither (i) any ratings downgrade applicable to the Indebtedness of the Borrower
      or any of its Subsidiaries by Moody’s or S&P nor (ii) the Borrower’s or
      any of its Subsidiaries’ inability to place commercial paper in the capital
      markets, shall, in and of themselves, be deemed events constituting a Material
      Adverse Change.

     

    5.6.  Taxes.
      The
      Borrower and its Subsidiaries have filed all United States federal tax returns
      and all other tax returns which are required to be filed and have paid all
      taxes
      due pursuant to said returns or pursuant to any assessment received by the
      Borrower or any of its Subsidiaries, except in respect of such taxes, if any,
      as
      are being contested in good faith and as to which adequate reserves have been
      provided in accordance with Agreement Accounting Principles and as to which
      no
      Lien exists (except as permitted by Section 6.13.2). The Internal Revenue
      Service has completed audits of the United States federal income tax returns
      filed by Union Electric for all periods through the calendar taxable year ending
      December 31, 1997 and by CIPSCO, Inc. for all periods through the calendar
      taxable year ending December 31, 1997. The Internal Revenue Service has not
      completed audits of the United States federal income tax returns filed by the
      Borrower and its Subsidiaries for subsequent periods. No claims have been,
      or
      are being, asserted with respect to such taxes that could reasonably be expected
      to result in a 

     

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

       

       

      Material
        Adverse Effect and no liens have been filed with respect to such taxes. The
        charges, accruals and reserves on the books of the Borrower and its Subsidiaries
        in respect of any taxes or other governmental charges are adequate. 

    

     

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

     

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

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

     

    evidencing
      or governing Indebtedness, which default could be reasonably expected to have
      a
      Material Adverse Effect.

     

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

     

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

     

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

     

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

     

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

     

    5.18.  Public
      Utility Holding Company Act; Securities and Exchange Commission
      Authorization.
      The
      Borrower is a “holding company” as such term is defined in the 1935 Act. The
      SEC, in accordance with the 1935 Act, has issued an order authorizing
      (a) the incurrence by the Borrower of short-term indebtedness for borrowed
      money in an aggregate principal amount not to exceed at any time $1,500,000,000
      and (b) the issuance and sale by the Borrower of 

     

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

       

       

      capital
        stock, preferred stock, certain other specified securities and long-term
        indebtedness for borrowed money in an aggregate principal amount not to exceed
        at any time $2,500,000,000, subject to, among other things, the condition
        that
        all such indebtedness be issued on or before June 30, 2007 and, in
        the case
        of short-term indebtedness, mature not later than 364 days thereafter, unless
        the 1935 Act is repealed or revised. Loans
        extended under this Agreement are short-term indebtedness for borrowed money
        and
        also long-term indebtedness for borrowed money within the meaning of the
        aforesaid order of the SEC. Unless such authorization is no longer required
        by
        applicable laws and regulations (and the Agent shall have received confirmation
        thereof reasonably satisfactory to it), additional authorization from the
        SEC
        (or any governmental agency that succeeds to the authority of the SEC), will
        be
        necessary in order for the Borrower after June 30, 2007 to obtain
        any
        Advances under this Agreement (assuming the Facility Termination Date has
        not
        already occurred prior to such date) or to incur or issue short-term
        indebtedness for borrowed money and long-term indebtedness for borrowed money,
        in each case including, without limitation, Loans extended under this Agreement.
        Except for the aforesaid order of the SEC, on the Restatement Effective Date
        no
        regulatory authorizations, approvals, consents, registrations, declarations
        or
        filings are required in connection with the borrowings by, and issuances
        of
        Letters of Credit for the account of, the Borrower hereunder or the performance
        by the Borrower of the Obligations.

    

     

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

     

    5.20.  No
      Default or Unmatured Default.
      No
      Default or Unmatured Default has occurred and is continuing.

     

    ARTICLE
      VI

     

    COVENANTS

     

    During
      the term of this Agreement, unless the Required Lenders shall otherwise consent
      in writing:

     

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

     

    6.1.1
        Within
      90
      days after the close of each fiscal year, Borrower’s audited financial
      statements prepared in accordance with Agreement Accounting Principles on a
      consolidated basis for itself and its Subsidiaries, including balance sheets
      as
      of the end of such period, statements of income and statements of cash flows,
      accompanied by (a) an audit report, unqualified as to scope, of a nationally
      recognized firm of independent 

     

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

       

       

      public
        accountants; (b) any management letter prepared by said accountants, and
        (c) a certificate of said accountants that, in the course of their
        audit of
        the foregoing, they have obtained no knowledge of any Default, or if, in
        the
        opinion of such accountants, any such Default shall exist, stating the nature
        and status thereof.

    

     

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

     

    6.1.3
        Together
      with the financial statements required under Sections 6.1.1 and 6.1.2, a
      compliance certificate in substantially the form of Exhibit B signed by its
      chief financial officer, controller or treasurer showing the calculations
      necessary to determine compliance with this Agreement and stating that no
      Default or Unmatured Default exists, or if any Default or Unmatured Default
      exists, stating the nature and status thereof.

     

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

     

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

     

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

     

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

     

    6.2.  Use
      of
      Proceeds and Letters of Credit.
      The
      Borrower will, and will cause each Subsidiary to, use the proceeds of the
      Advances for general corporate purposes, including without limitation, for
      working capital, commercial paper liquidity support with respect to commercial
      paper issued by the Borrower or its Subsidiaries, to fund loans under and
      pursuant to 

     

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

       

       

      the
        Money
        Pool Agreements, and to pay fees and expenses incurred in connection with
        this
        Agreement. The Borrower shall use the proceeds of Advances in compliance
        with
        all applicable legal and regulatory requirements and any such use shall not
        result in a violation of any such requirements, including, without limitation,
        Regulation U and Regulation X, the Securities Act of 1933, as amended, and
        the
        Securities Exchange Act of 1934, as amended, and the regulations promulgated
        thereunder. The Borrower shall use the Letters of Credit for general corporate
        purposes.

    

     

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

     

    6.4.  Conduct
      of Business.
      The
      Borrower will, and will cause each Subsidiary to, carry on and conduct its
      business in substantially the same manner and in substantially the same fields
      of enterprise in which it is presently conducted or in a manner or fields of
      enterprise reasonably related thereto and do all things necessary to remain
      duly
      incorporated or organized, validly existing and (to the extent such concept
      applies to such entity) in good standing as a domestic corporation, partnership
      or limited liability company in its jurisdiction of incorporation or
      organization, as the case may be, and maintain all requisite authority to
      conduct its business in each jurisdiction in which its business is conducted.
      Notwithstanding the foregoing, the Borrower is not prohibited from dissolving
      any Inactive Subsidiary or from the sale of any Subsidiary or assets pursuant
      to
      governmental or regulatory order or pursuant to Section 6.11.

     

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

     

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

     

    6.7.  Compliance
      with Laws; Securities and Exchange Commission Authorization.
      (a) The
      Borrower will, and will cause each Subsidiary to, comply with all laws, rules,
      regulations, orders, writs, judgments, injunctions, decrees or awards to which
      it may be subject including, without limitation, all Environmental Laws, except
      where the failure to do so, individually or in the aggregate, could not
      reasonably be expected to result in a Material Adverse Effect.

     

                  
      (b) From time to time prior to the expiration of the approval of the SEC, in
      accordance with the 1935 Act, described in Section 5.18 with respect to the
      Borrower’s Indebtedness, so 

     

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

     

    long
      as
      this Agreement remains in effect or the Obligations incurred by the Borrower
      under or in connection herewith remain outstanding, the Borrower will obtain
      an
      extension of such approval and the Borrower shall provide a notice to the Agent
      of the receipt of such extension, which notice shall include the expiration
      date
      of the most recent approval and the total amount of Indebtedness of the Borrower
      authorized therein. The Borrower further agrees not to request any Advance
      or
      permit any Loan to remain outstanding hereunder in violation of the above
      mentioned SEC approval or any conditions thereof, as in effect from time to
      time.

     

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

     

    6.9.  Inspection;
      Keeping of Books and Records.
      The
      Borrower will, and will cause each Subsidiary to, permit the Agent and the
      Lenders, by their respective representatives and agents, to inspect any of
      the
      Property, books and financial records of the Borrower and each Subsidiary,
      to
      examine and make copies of the books of accounts and other financial records
      of
      the Borrower and each Subsidiary, and to discuss the affairs, finances and
      accounts of the Borrower and each Subsidiary with, and to be advised as to
      the
      same by, their respective officers at such reasonable times and intervals as
      the
      Agent or any Lender may designate. The Borrower shall keep and maintain, and
      cause each of its Subsidiaries to keep and maintain, in all material respects,
      proper books of record and account in which entries in conformity with Agreement
      Accounting Principles shall be made of all dealings and transactions in relation
      to their respective businesses and activities. If a Default has occurred and
      is
      continuing, the Borrower, upon the Agent’s request, shall turn over copies of
      any such records to the Agent or its representatives.

     

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

     

    6.11.  Dispositions
      of Assets.
      The
      Borrower will not, nor will it permit any Subsidiary to, lease, sell or
      otherwise dispose of its Property to any other Person, including any of its
      Subsidiaries, whether existing on the Restatement Effective Date or thereafter
      created, except:

     

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

     

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

     

                                  
      6.11.2   A
      disposition of assets by a Subsidiary to the Borrower or another Subsidiary
      or
      by the Borrower to a Subsidiary.

     

                                  
      6.11.3   The
      payment of cash dividends by any Subsidiary to holders of its equity
      interests.

     

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

        
      

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

     

                                   
      6.11.6   Dispositions
      pursuant to Leveraged Lease Sales.

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

     

     

    6.13.1
        Liens,
      if
      any, securing (a) the Loans and other Obligations hereunder and (b)
      the
“Loans” and other “Obligations” under (and as defined in) the Five-

                Year Multi-Borrower
      Credit Agreement.

     

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

     

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

     

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

     

                                    
      6.13.5   Liens
      existing on the Restatement Effective Date and described in Schedule
      2.

     

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

     

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

     

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

     

             
             6.13.9   Liens
      arising out of judgments or awards not exceeding $50,000,000 in the aggregate
      with respect to which appeals are being diligently pursued, and, pending the
      determination of such appeals, such judgments or awards having been effectively
      stayed.

     

                
          6.13.10   Liens
      created pursuant to the Existing Indentures securing the First Mortgage Bonds;
      provided
      that the
      Liens of such Existing Indentures shall extend only to the property of Union
      Electric and CIPS (including, to the extent applicable, after acquired property)
      that is or would be covered by the Liens of the Existing Indentures as in effect
      on the Restatement Effective Date.

     

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

     

     

        
      6.13.11   Liens
      incurred in connection with the Peno Creek Project.

     

                     6.13.12
        Liens
      existing on any capital assets of any Subsidiary of the Borrower at the time
      such Subsidiary becomes a Subsidiary and not created in contemplation of such
      event.

     

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

     

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

     

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

     

                     
      6.13.16   Liens
      (a)
      on the capital stock of CILCO and on the assets of CILCO and any other
      Subsidiary of CILCORP existing on the Restatement Effective Date and/or (b)
      created pursuant to the Existing CILCO Indenture securing First Mortgage Bonds;
      provided
      that the
      Liens of such Existing CILCO Indenture shall extend only to the property
      (including, to the extent applicable, after acquired property) that is covered
      by the Liens of the Existing CILCO Indenture as in effect on the Restatement
      Effective Date.

     

              
6.13.17
        Undetermined
      Liens and charges incidental to construction.

     

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

     

          
                 
      6.13.19
  Liens
      (a) on the assets of IP and any Subsidiary of IP existing on the
      Restatement Effective Date and/or (b) created pursuant to the Existing
      IP
      Indenture securing First Mortgage Bonds; provided
      that the
      Liens of such Existing IP Indenture shall extend only to the property
      (including, to the extent applicable, after acquired property) that is covered
      by the Liens of the Existing IP Indenture as in effect on the Restatement
      Effective Date.

     

                      
      6.13.20   Liens
      arising out of the refinancing, extension, renewal or refunding of any
      Indebtedness secured by any Lien permitted by any of Section 6.13.10 through
      6.13.19; provided
      that (a)
      such Indebtedness is not secured by any additional assets, and (b) the amount
      of
      such Indebtedness secured by any such Lien is not increased.

     

               
6.13.21
        Any
      Liens
      existing on any assets of IP or any of its Subsidiaries or related trusts
      related to the Illinois Power Special Purpose Trust Transitional Funding Trust
      Notes, Series 1998-1.

     

     

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

     

    6.14.  Affiliates.
      The
      Borrower will not, and will not permit any Subsidiary to, enter into any
      transaction (including, without limitation, the purchase or sale of any Property
      or service) with, or make any payment or transfer to, any Affiliate (other
      than
      the Borrower and its Subsidiaries) except in the ordinary course of business
      and
      pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s
      business and, except to the extent that the terms and consideration of any
      such
      transaction are mandated, limited or otherwise subject to conditions imposed
      by
      any regulatory or government body, upon fair and reasonable terms no less
      favorable to the Borrower or such Subsidiary than the Borrower or such
      Subsidiary would obtain in a comparable arm’s-length transaction.

     

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

     

    6.16.  Subsidiary
      Covenants.
      The
      Borrower will not, and will not permit any Subsidiary other than a Project
      Finance Subsidiary to, create or otherwise cause to become effective any
      consensual encumbrance or restriction of any kind on the ability of any
      Subsidiary other than a Project Finance Subsidiary (i) to pay dividends
      or
      make any other distribution on its common stock, (ii) to pay any
      Indebtedness or other obligation owed to the Borrower or any other Subsidiary,
      or (iii) to make loans or advances or other Investments in the Borrower
      or
      any other Subsidiary, in each case, other than (a) restrictions and
      conditions imposed by law or by this Agreement or the Five-Year Multi-Borrower
      Credit Agreement, (b) restrictions and conditions existing on the
Restatement
      Effective Date,
      in each
      case as identified on Schedule 3 (without giving effect to any amendment or
      modification expanding the scope of any such restriction or condition),
      (c) restrictions on dividends on the capital stock of Union Electric
      entered into in connection with future issuances of subordinated capital income
      securities, to the extent the same are not more restrictive than those
      benefiting the holders of Union Electric’s existing 7.69% Subordinated Capital
      Income Securities, (d) restrictions and conditions in agreements or
      arrangements entered into by (1) Electric Energy, Inc. regarding the
      payment of dividends or the making of other distributions with respect to shares
      of its capital stock or (2) Gateway Energy WGK Project, L.L.C., in each
      case, without giving effect to any amendment or modification expanding the
      scope
      of any such restriction or condition, and (e) customary restrictions
      and
      conditions contained in agreements relating to the sale of a Subsidiary pending
      such sale, provided
      that
      such restrictions and conditions apply only to the Subsidiary that is to be
      sold
      and such sale is permitted hereunder.

     

    6.17.  Leverage
      Ratio.
      The
      Borrower will not permit the ratio of (i) Consolidated Indebtedness
      to (ii)
      Consolidated Total Capitalization of the Borrower to be greater than 0.65 to
      1.00 at any time.

     

    ARTICLE
      VII

     

    DEFAULTS

     

    The
      occurrence of any one or more of the following events shall constitute a
      Default:

     

     

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

    

     

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

     

    7.2. Nonpayment
      of (i)  principal of any Loan when due, or (ii) interest upon any Loan
      or
      any Facility Fee or other Obligations under any of the Loan Documents within
      five (5) Business Days after such interest, fee or other Obligation becomes
      due.

     

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

     

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

     

    7.5. Failure
      of the Borrower or any of its Subsidiaries (other than Project Finance
      Subsidiaries) to pay when due any Material Indebtedness; or the default by
      the
      Borrower or any of its Subsidiaries (other than Project Finance Subsidiaries)
      in
      the performance (beyond the applicable grace period with respect thereto, if
      any) of any term, provision or condition contained in any Material Indebtedness
      Agreement, or any other event shall occur or condition exist (except for a
      “Triggering Event” under IP’s 111⁄2% Mortgage Bonds due 2010 which does not also
      cause an event of default thereunder), the effect of which default, event or
      condition is to cause, or to permit the holder(s) of such Material Indebtedness
      or the lender(s) under any Material Indebtedness Agreement to cause, such
      Material Indebtedness to become due prior to its stated maturity or any
      commitment to lend under any Material Indebtedness Agreement to be terminated
      prior to its stated expiration date; or any Material Indebtedness of the
      Borrower or any of its Subsidiaries (other than Project Finance Subsidiaries)
      shall be declared to be due and payable or required to be prepaid or repurchased
      (other than by a regularly scheduled payment) prior to the stated maturity
      thereof (except, in the case of or related to a “Triggering Event” under IP’s
      111⁄2% Mortgage Bonds due 2010 which does not also cause an event of default
      thereunder); or the Borrower or any of its Subsidiaries (other than Project
      Finance Subsidiaries) shall not pay, or admit in writing its inability to pay,
      its debts generally as they become due; provided
      that no
      Default shall occur under this Section 7.5 as a result of (i) any notice of
      voluntary prepayment delivered by the Borrower or any Subsidiary with respect
      to
      any Indebtedness, or (ii) any voluntary sale of assets by the Borrower or any
      Subsidiary permitted hereunder as a result of which any Indebtedness secured
      by
      such assets is required to be prepaid.

     

    7.6. The
      Borrower or any of its Subsidiaries (other than Project Finance Subsidiaries)
      shall (i) have an order for relief entered with respect to it under the Federal
      bankruptcy laws as now or hereafter in effect, (ii) make an assignment for
      the
      benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the
      appointment of a receiver, custodian, trustee, examiner, liquidator or similar
      official for it or any Substantial Portion of its Property, (iv) institute
      any
      proceeding seeking an order for relief under the Federal bankruptcy laws as
      now
      or hereafter in 

     

     

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

       

       

      effect
        or
        seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution,
        winding up, liquidation, reorganization, arrangement, adjustment or composition
        of it or its debts under any law relating to bankruptcy, insolvency or
        reorganization or relief of debtors or fail to file an answer or other pleading
        denying the material allegations of any such proceeding filed against it,
        (v)
        take any corporate or partnership action to authorize or effect any of the
        foregoing actions set forth in this Section 7.6, (vi) fail to contest in
        good
        faith any appointment or proceeding described in Section 7.7, or (vii) become
        unable, admit in writing its inability or fail generally to pay its debts
        as
        they become due.

    

     

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

     

    7.8. Any
      court, government or governmental agency shall condemn, seize or otherwise
      appropriate, or take custody or control of, all or any portion of the Property
      of the Borrower and its Subsidiaries (other than Project Finance Subsidiaries)
      which, when taken together with all other Property of the Borrower and its
      Subsidiaries so condemned, seized, appropriated, or taken custody or control
      of,
      during the twelve-month period ending with the month in which any such action
      occurs, constitutes a Substantial Portion.

     

    7.9. The
      Borrower or any of its Subsidiaries (other than Project Finance Subsidiaries)
      shall fail within 45 days to pay, bond or otherwise discharge one or more (i)
      judgments or orders for the payment of money in excess of $50,000,000 (or the
      equivalent thereof in currencies other than Dollars) in the aggregate (net
      of
      any amount covered by insurance), or (ii) nonmonetary judgments or orders which,
      individually or in the aggregate, could reasonably be expected to have a
      Material Adverse Effect, which judgment(s), in any such case, is/are not stayed
      on appeal or otherwise being appropriately contested in good faith.

     

    7.10. An
      ERISA
      Event shall have occurred that, in the opinion of the Required Lenders, when
      taken together with all other ERISA Events that have occurred is in excess
      of
      $50,000,000.

     

    7.11. Nonpayment
      by the Borrower or any Subsidiary (other than Project Finance Subsidiary) of
      any
      Rate Management Obligation, in a notional amount of $25,000,000 or more, when
      due or the breach by the Borrower or any Subsidiary (other than Project Finance
      Subsidiary) of any term, provision or condition contained in any Rate Management
      Transaction or any transaction of the type described in the definition of “Rate
      Management Transactions,” whether or not any Lender or Affiliate of a Lender is
      a party thereto.

     

    7.12. Any
      Change in Control shall occur.

     

    7.13. The
      Borrower or any of its Subsidiaries shall (i) be the subject of any proceeding
      or investigation pertaining to the release by the Borrower, any of its
      Subsidiaries or any other 

     

     

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

       

       

      Person
        of
        any toxic or hazardous waste or substance into the environment, or (ii) violate
        any Environmental Law, which, in the case of an event described in clause
        (i) or
        clause (ii), has resulted in liability to the Borrower or any of its
        Subsidiaries in an amount equal to $50,000,000 or more, which liability is
        not
        paid, bonded or otherwise discharged within 45 days or which is not stayed
        on
        appeal and being appropriately contested in good faith.

    

     

    7.14. Any
      Loan
      Document shall fail to remain in full force or effect or any action shall be
      taken to discontinue or to assert the invalidity or unenforceability of any
      Loan
      Document.

     

    ARTICLE
      VIII

     

    ACCELERATION,
      WAIVERS, AMENDMENTS AND REMEDIES

     

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

     

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

     

    8.2.  Amendments.
      Subject
      to the provisions of this Section 8.2, the Required Lenders (or the Agent with
      the consent in writing of the Required Lenders) and the Borrower may enter
      into
      agreements supplemental hereto for the purpose of adding or modifying any
      provisions to the Loan Documents or changing in any manner the rights of the
      Lenders or the Borrower hereunder or thereunder or waiving any Default hereunder
      or thereunder; provided,
      however,
      that no
      such supplemental agreement shall, without the consent of all of the Lenders
      (or, in the case of Section 8.2.2, all affected Lenders):

     

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

     

     

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

     

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

     

          
            8.2.3   Waive
      any
      condition set forth in Section 4.2, reduce the percentage specified in the
      definition of Required Lenders or any other percentage of Lenders specified
      to
      be the Pro Rata Share in this Agreement to act on specified matters or amend
      the
      definition of “Pro Rata Share”.

     

                
      8.2.4   Extend
      the Facility Termination Date, or reduce the amount or extend the payment date
      for, the mandatory payments required under Section 2.2, or increase the amount
      of the Commitment of any Lender hereunder, or permit the Borrower to assign
      its
      rights or obligations under this Agreement or change Section 2.15 or 2.8.4
      in a
      manner that would alter the pro rata sharing of payments or reduction of
      commitments required thereby.

     

          
      8.2.5   Amend
      this Section 8.2.

     

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

     

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

     

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IX

     

    GENERAL
      PROVISIONS

     

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

     

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

     

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

     

    9.4.  Entire
      Agreement.
      The
      Loan Documents embody the entire agreement and understanding among the Borrower,
      the Agent and the Lenders and supersede all prior agreements and understandings
      among the Borrower, the Agent, the Issuing Banks and the Lenders relating to
      the
      subject matter thereof other than those contained in the fee letter described
      in
      Section 10.13 which shall survive and remain in full force and effect during
      the
      term of this Agreement.

     

    9.5.  Several
      Obligations; Benefits of this Agreement.
      The
      respective obligations of the Lenders and the Issuing Banks hereunder are
      several and not joint and no Lender or Issuing Bank shall be the partner or
      agent of any other (except to the extent to which the Agent is authorized to
      act
      as such). The failure of any Lender or any Issuing Bank to perform any of its
      obligations hereunder shall not relieve any other Lender or any Issuing Bank
      from any of its obligations hereunder. This Agreement shall not be construed
      so
      as to confer any right or benefit upon any Person other than the parties to
      this
      Agreement and their respective successors and assigns, provided,
      however,
      that the
      parties hereto expressly agree that each Arranger shall enjoy the benefits
      of
      the provisions of Sections 9.6, 9.10 and 10.11 to the extent specifically set
      forth therein and shall have the right to enforce such provisions on its own
      behalf and in its own name to the same extent as if it were a party to this
      Agreement.

     

    9.6.  Expenses;
      Indemnification.
      (i)
      The
      Borrower shall reimburse the Agent and each Arranger for any reasonable costs,
      internal charges and out-of-pocket expenses (including reasonable attorneys’ and
      paralegals’ fees and time charges of attorneys for the Agent, which attorneys
      may be employees of the Agent and expenses of and fees for other advisors and
      professionals engaged by the Agent or such Arranger) paid or incurred by the
      Agent or such Arranger in connection with the investigation, preparation,
      negotiation, documentation, execution, delivery, syndication, distribution
      (including, without limitation, via the internet), review, amendment,
      modification and administration of the Loan Documents. The Borrower also agrees
      to reimburse the Agent, each Arranger, the Issuing Banks and the Lenders for
      any
      costs, internal charges and out-of-pocket expenses (including attorneys’ and
      paralegals’ fees and time charges and expenses of attorneys and paralegals for
      the Agent, such Arranger, the Issuing Banks and the Lenders, which attorneys
      and
      paralegals may be employees of the Agent, such 

     

     

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

       

       

      Arranger,
        the Issuing Banks or the Lenders) paid or incurred by the Agent, such Arranger,
        any Issuing Bank or any Lender in connection with the collection of the
        Obligations and enforcement of the Loan Documents.

    

     

    
      	(ii)  	
              The
                Borrower hereby further agrees to indemnify the Agent, each Arranger,
                each
                Issuing Bank, each Lender, their respective affiliates, and each
                of their
                directors, officers and employees against all losses, claims, damages,
                penalties, judgments, liabilities and expenses (including, without
                limitation, all expenses of litigation or preparation therefor whether
                or
                not the Agent, any Arranger, any Issuing Bank, any Lender or any
                affiliate
                is a party thereto, and all attorneys’ and paralegals’ fees, time charges
                and expenses of attorneys and paralegals of the party seeking
                indemnification, which attorneys and paralegals may or may not be
                employees of such party seeking indemnification) which any of them
                may pay
                or incur arising out of or relating to this Agreement, the other
                Loan
                Documents, the transactions contemplated hereby or the direct or
                indirect
                application or proposed application of the proceeds of any Loan hereunder
                except to the extent that they have resulted, as determined in a
                final
                non-appealable judgment by a court of competent jurisdiction, from
                the
                gross negligence or willful misconduct of the party seeking
                indemnification. The obligations of the Borrower under this Section
                9.6
                shall survive the termination of this
                Agreement.

            

    

     

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

            

    

     

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

     

    9.8.  Accounting.
      Except
      as provided to the contrary herein, all accounting terms used in the calculation
      of any financial covenant or test shall be interpreted and all accounting
      determinations hereunder in the calculation of any financial covenant or test
      shall be made in accordance with Agreement Accounting Principles. If any changes
      in generally accepted accounting principles are hereafter required or permitted
      and are adopted by the Borrower or any of its Subsidiaries with the agreement
      of
      its independent certified public accountants and such changes result in a change
      in the method of calculation of any of the financial covenants, tests,
      restrictions or standards herein or in the related definitions or terms used
      therein (“Accounting Changes”), the parties hereto agree, at the Borrower’s
      request, to enter into negotiations, in good faith, in order to amend such
      provisions in a credit neutral manner so as to reflect equitably such changes
      with the desired result that the criteria for evaluating the Borrower’s and its

     

     

    
      
        
        

      

      
        55

        
          

        

      

      
        
        

      

       

       

      Subsidiaries’
        financial condition shall be the same after such changes as if such changes
        had
        not been made; provided,
        however,
        until
        such provisions are amended in a manner reasonably satisfactory to the Agent
        and
        the Required Lenders, no Accounting Change shall be given effect in such
        calculations. In the event such amendment is entered into, all references
        in
        this Agreement to Agreement Accounting Principles shall mean generally accepted
        accounting principles as of the date of such amendment. Notwithstanding the
        foregoing, all financial statements to be delivered by the Borrower pursuant
        to
        Section 6.1 shall be prepared in accordance with generally accepted accounting
        principles in effect at such time.

    

     

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

     

    9.10.  Nonliability.
      The
      relationship between the Borrower on the one hand and the Lenders and the Agent
      on the other hand shall be solely that of borrower and lender. None of the
      Agent, any Arranger, any Issuing Bank or any Lender shall have any fiduciary
      responsibilities to the Borrower. None of the Agent, any Arranger, any Issuing
      Bank or any Lender undertakes any responsibility to the Borrower to review
      or
      inform the Borrower of any matter in connection with any phase of the Borrower’s
      business or operations. The Borrower agrees that none of the Agent, any
      Arranger, any Issuing Bank nor any Lender shall have liability to the Borrower
      (whether sounding in tort, contract or otherwise) for losses suffered by the
      Borrower in connection with, arising out of, or in any way related to, the
      transactions contemplated and the relationship established by the Loan
      Documents, or any act, omission or event occurring in connection therewith,
      unless it is determined in a final non-appealable judgment by a court of
      competent jurisdiction that such losses resulted from the gross negligence
      or
      willful misconduct of the party from which recovery is sought. None of the
      Borrower, the Agent, any Arranger, any Issuing Bank or any Lender shall have
      any
      liability with respect to, and each of the Agent, each Arranger, each Issuing
      Bank, each Lender and the Borrower hereby waives, releases and agrees not to
      sue
      for, any special, indirect, consequential or punitive damages suffered by it
      in
      connection with, arising out of, or in any way related to the Loan Documents
      or
      the transactions contemplated thereby.

     

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

     

     

    
      
        
        

      

      
        56

        
          

        

      

      
        
        

      

       

       

      (viii) to
        rating agencies if requested or required by such agencies in connection with
        a
        rating relating to this Agreement or the Advances hereunder.

    

     

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

     

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

     

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

     

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

     

    ARTICLE
      X

     

    THE
      AGENT

     

    10.1.  Appointment;
      Nature of Relationship.
      JPMCB
      is hereby appointed by each of the Lenders and each of the Issuing Banks as
      its
      contractual representative (herein referred to as the “Agent”) hereunder and
      under each other Loan Document, and each of the Lenders and the each of the
      Issuing Banks irrevocably authorizes the Agent to act as the contractual
      representative of such Lender and such Issuing Bank with the rights and duties
      expressly set forth herein and in the other Loan Documents. The Agent agrees
      to
      act as such contractual representative upon the express conditions contained
      in
      this Article X. Notwithstanding the use of the defined term “Agent,” it is
      expressly understood and agreed that the Agent shall not have any fiduciary
      responsibilities to any Lender or any Issuing Bank by reason of this Agreement
      or any other Loan Document and that the Agent is merely acting as the
      contractual representative of the Lenders and the Issuing Banks with only those
      duties as are expressly set forth in this Agreement and the other Loan
      Documents. In its capacity as the Lenders’ and the Issuing Banks’ contractual
      representative, the Agent (i) does not hereby assume any fiduciary duties to
      any
      of the Lenders or the Issuing Banks, (ii) is a “representative” of the Lenders
      and the Issuing Banks 

     

     

    
      
        
        

      

      
        57

        
          

        

      

      
        
        

      

    

     

    within
      the meaning of the term “secured party” as
      defined in the New York Uniform Commercial Code and (iii) is acting as an
      independent contractor, the rights and duties of which are limited to those
      expressly set forth in this Agreement and the other Loan Documents. Each of
      the
      Lenders and the Issuing Banks hereby agrees to assert no claim against the
      Agent
      on any agency theory or any other theory of liability for breach of fiduciary
      duty, all of which claims each Lender hereby waives.

     

    10.2.  Powers.
      The
      Agent shall have and may exercise such powers under the Loan Documents as are
      specifically delegated to the Agent by the terms of each thereof, together
      with
      such powers as are reasonably incidental thereto. The Agent shall have no
      implied duties or fiduciary duties to the Lenders or the Issuing Banks, or
      any
      obligation to the Lenders or the Issuing Banks to take any action thereunder
      except any action specifically provided by the Loan Documents to be taken by
      the
      Agent.

     

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

     

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

     

    10.5.  Action
      on Instructions of Lenders.
      The
      Agent shall in all cases be fully protected in acting, or in refraining from
      acting, hereunder and under any other Loan Document in accordance with written
      instructions signed by the Required Lenders (or all of the Lenders in the event
      that and to the extent that this Agreement expressly requires such), and such
      instructions and any action taken or failure to act pursuant thereto shall
      be
      binding on all of the Lenders. The Lenders hereby acknowledge that the Agent
      shall be under no duty to take any discretionary action permitted to be taken
      by
      it pursuant to the provisions of this Agreement or any other Loan Document
      unless it shall be requested in writing to do so by the Required Lenders (or
      all
      of the Lenders in the event that and to the extent that this Agreement expressly
      requires such). The 

     

     

    
      
        
        

      

      
        58

        
          

        

      

      
        
        

      

    

     

    Agent
      shall be fully justified in failing or refusing to take any action hereunder
      and
      under any other Loan Document unless it shall first be indemnified to its
      satisfaction in writing by the Lenders pro rata against any and all liability,
      cost and expense that it may incur by reason of taking or continuing to take
      any
      such action.

     

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

     

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

     

    10.8.  Agent’s
      Reimbursement and Indemnification.
      The
      Lenders agree to reimburse and indemnify the Agent ratably in proportion to
      the
      their Pro Rata Shares of the Aggregate Commitment (or, if the Aggregate
      Commitment has been terminated, of the Aggregate Outstanding Credit Exposure)
      (determined as of the date of any such request by the Agent) (i) for any amounts
      not reimbursed by the Borrower for which the Agent is entitled to reimbursement
      by the Borrower under the Loan Documents, (ii) to the extent not paid by the
      Borrower, for any other expenses incurred by the Agent on behalf of the Lenders
      or the Issuing Banks, in connection with the preparation, execution, delivery,
      administration and enforcement of the Loan Documents (including, without
      limitation, for any expenses incurred by the Agent in connection with any
      dispute between the Agent and any Lender or between two or more of the Lenders
      or Issuing Banks) and (iii) to the extent not paid by the Borrower, for any
      liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
      costs, expenses or disbursements of any kind and nature whatsoever which may
      be
      imposed on, incurred by or asserted against the Agent in any way relating to
      or
      arising out of the Loan Documents or any other document delivered in connection
      therewith or the transactions contemplated thereby (including, without
      limitation, for any such amounts incurred by or asserted against the Agent
      in
      connection with any dispute between the Agent and any Lender or between two
      or
      more of the Lenders or Issuing Banks), or the enforcement of any of the terms
      of
      the Loan Documents or of any such other documents, provided
      that (i)
      no Lender shall be liable for any of the foregoing to the extent any of the
      foregoing is found in a final, non-appealable judgment by a court of competent
      jurisdiction to have resulted from the gross negligence or willful misconduct
      of
      the Agent, (ii) any indemnification required pursuant to Section 3.5(vii) shall,
      notwithstanding the provisions of this Section 10.8, be paid by the relevant
      Lender in accordance with the provisions thereof and (iii) the Agent
      shall
      reimburse the Lenders for any amounts the Lenders have paid to the extent such
      amounts are subsequently recovered from the Borrower. The obligations of the
      Lenders under this Section 10.8 shall survive payment of the Obligations,
      termination and expiration of the Letters of Credit and termination of this
      Agreement.

     

     

    
      
        
        

      

      
        59

        
          

        

      

      
        
        

      

    

     

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

     

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

     

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

     

    10.12.  Successor
      Agent.
      The
      Agent may resign at any time by giving written notice thereof to the Lenders,
      the Issuing Banks and the Borrower, such resignation to be effective upon the
      appointment of a successor Agent or, if no successor Agent has been appointed,
      forty-five days after the retiring Agent gives notice of its intention to
      resign. The Agent may be removed at any time with or without cause by written
      notice received by the Agent from the Required Lenders, such removal to be
      effective on the date specified by the Required Lenders. Upon any such
      resignation or removal, the Required Lenders, with the consent of the Borrower
      (which consent shall not be unreasonably withheld or delayed; provided
      that
      such consent shall not be required in the event and continuation of a Default),
      shall have the right to appoint, on behalf of the Borrower and the Lenders,
      a
      successor Agent. If no successor Agent shall have been so appointed by the
      Required Lenders or consented to by the Borrower within thirty days after the
      resigning Agent’s giving notice of its intention to resign, then the resigning
      Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent.
      Notwithstanding the previous sentence, the Agent may at any time without the
      consent of the Borrower or any Lender or any Issuing Bank, appoint any of its
      Affiliates which is a commercial bank as a successor Agent hereunder. If the
      Agent has resigned or been removed and no successor Agent has been appointed,
      the Lenders may perform all the duties of the Agent hereunder and the Borrower
      shall make all payments in respect of the Obligations to the applicable Lender
      and for all other 

     

     

    
      
        
        

      

      
        60

        
          

        

      

      
        
        

      

       

       

      purposes
        shall deal directly with the Lenders. No successor Agent shall be deemed
        to be
        appointed hereunder until such successor Agent has accepted the appointment.
        Any
        such successor Agent shall be a commercial bank having capital and retained
        earnings of at least $100,000,000. Upon the acceptance of any appointment
        as
        Agent hereunder by a successor Agent, such successor Agent shall thereupon
        succeed to and become vested with all the rights, powers, privileges and
        duties
        of the resigning or removed Agent. Upon the effectiveness of the resignation
        or
        removal of the Agent, the resigning or removed Agent shall be discharged
        from
        its duties and obligations hereunder and under the Loan Documents. After
        the
        effectiveness of the resignation or removal of an Agent, the provisions of
        this
        Article X shall continue in effect for the benefit of such Agent in respect
        of
        any actions taken or omitted to be taken by it while it was acting as the
        Agent
        hereunder and under the other Loan Documents. In the event that there is
        a
        successor to the Agent by merger, or the Agent assigns its duties and
        obligations to an Affiliate pursuant to this Section 10.12, then the term
“Prime
        Rate” as used in this Agreement shall mean the prime rate, base rate or other
        analogous rate of the new Agent.

    

     

    10.13.  Agent
      and Arranger Fees.
      The
      Borrower agrees to pay to the Agent and each Arranger, for their respective
      accounts, the fees agreed to by the Borrower, the Agent and the Arrangers
      pursuant to the letter agreements dated June 13, 2005, or as otherwise agreed
      from time to time.

     

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

     

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

     

    ARTICLE
      XI

     

    SETOFF;
      RATABLE PAYMENTS

     

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

     

     

    
      
        
        

      

      
        61

        
          

        

      

      
        
        

      

    

     

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

     

    ARTICLE
      XII

     

    BENEFIT
      OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS

     

    12.1.  Successors
      and Assigns; Designated Lenders. 

     

    12.1.1
         Successors
      and Assigns.
      The
      terms and provisions of the Loan Documents shall be binding upon and inure
      to
      the benefit of the Borrower, the Agent, the Issuing Banks and the Lenders and
      their respective successors and assigns permitted hereby, except that (i) the
      Borrower shall not have the right to assign its rights or obligations under
      the
      Loan Documents without the prior written consent of the Agent, each Lender
      and
      each Issuing Bank, (ii) any assignment by any Lender must be made in compliance
      with Section 12.3, and (iii) any transfer by Participants must be made in
      compliance with Section 12.2. Any attempted assignment or transfer by any party
      not made in compliance with this Section 12.1 shall be null and void, unless
      such attempted assignment or transfer is treated as a participation in
      accordance with Section 12.3.2. The parties to this Agreement acknowledge that
      clause (ii) of this Section 12.1 relates only to absolute assignments and this
      Section 12.1 does not prohibit assignments creating security interests,
      including, without limitation, (x) any pledge or assignment by any Lender of
      all
      or any portion of its rights under this Agreement and any Note to a Federal
      Reserve Bank, (y) in the case of a Lender which is a Fund, any pledge or
      assignment of all or any portion of its rights under this Agreement and any
      Note
      to its trustee in support of its obligations to its trustee or (z) any pledge
      or
      assignment by any Lender of all or any portion of its rights under this
      Agreement and any Note to direct or indirect contractual counterparties in
      swap
      agreements relating to the Loans; provided, however,
      that no
      such pledge or assignment creating a security interest shall release the
      transferor Lender from its obligations hereunder unless and until the parties
      thereto have complied with the provisions of Section 12.3. The Agent may treat
      the Person which made any Loan or which holds any Note as the owner thereof
      for
      all purposes hereof unless and until such Person complies with Section 12.3;
      provided, however,
      that the
      Agent may in its discretion (but shall not be required to) follow instructions
      from the Person which made any Loan or which holds any Note to direct payments
      relating to such Loan or Note to another Person. Any assignee of the rights
      to
      any Loan or any Note agrees by acceptance of such assignment to be bound by
      all
      the terms and provisions of the Loan Documents. 

     

     

    
      
        
        

      

      
        62

        
          

        

      

      
        
        

      

       

       

      Any
        request, authority or consent of any Person, who at the time of making such
        request or giving such authority or consent is the owner of the rights to
        any
        Loan (whether or not a Note has been issued in evidence thereof), shall be
        conclusive and binding on any subsequent holder or assignee of the rights
        to
        such Loan.

    

     

    12.1.2
        Designated
      Lenders.
      

     

    
      
        	(i)  	
                Subject
                  to the terms and conditions set forth in this Section 12.1.2,
                  any
                  Lender may from time to time elect to designate an Eligible Designee
                  to
                  provide all or any part of the Loans to be made by such Lender
                  pursuant to
                  this Agreement; provided
                  that the designation of an Eligible Designee by any Lender for
                  purposes of
                  this Section 12.1.2 shall be subject to the approval of
                  the Agent
                  (which consent shall not be unreasonably withheld or delayed).
                  Upon the
                  execution by the parties to each such designation of an agreement
                  in the
                  form of Exhibit F hereto (a “Designation Agreement”) and the
                  acceptance thereof by the Agent, the Eligible Designee shall become
                  a
                  Designated Lender for purposes of this Agreement. The Designating
                  Lender
                  shall thereafter have the right to permit the Designated Lender
                  to provide
                  all or a portion of the Loans to be made by the Designating Lender
                  pursuant to the terms of this Agreement and the making of the Loans
                  or
                  portion thereof shall satisfy the obligations of the Designating
                  Lender to
                  the same extent, and as if, such Loan was made by the Designating
                  Lender.
                  As to any Loan made by it, each Designated Lender shall have all
                  the
                  rights a Lender making such Loan would have under this Agreement
                  and
                  otherwise; provided, (x) that all voting rights under this
                  Agreement
                  shall be exercised solely by the Designating Lender, (y) each
                  Designating Lender shall remain solely responsible to the other
                  parties
                  hereto for its obligations under this Agreement, including the
                  obligations
                  of a Lender in respect of Loans made by its Designated Lender and
                  (z) no Designated Lender shall be entitled to reimbursement
                  under
                  Article
                  III
                  hereof for any amount which would exceed the amount that would
                  have been
                  payable by the Borrower to the Lender from which the Designated
                  Lender
                  obtained any interests hereunder. No additional Notes shall be
                  required
                  with respect to Loans provided by a Designated Lender; provided,
                  however,
                  to the extent any Designated Lender shall advance funds, the Designating
                  Lender shall be deemed to hold the Notes in its possession as an
                  agent for
                  such Designated Lender to the extent of the Loan funded by such
                  Designated
                  Lender. Such Designating Lender shall act as administrative agent
                  for its
                  Designated Lender and give and receive notices and communications
                  hereunder. Any payments for the account of any Designated Lender
                  shall be
                  paid to its Designating Lender as administrative agent for such
                  Designated
                  Lender and neither the Borrower nor the Agent shall be responsible
                  for any
                  Designating Lender’s application of such payments. In addition, any
                  Designated Lender may (1) with notice to, but without the consent
                  of the
                  Borrower or the Agent, assign all or portions of its interests
                  in any
                  Loans to its Designating Lender or to any financial institution
                  consented
                  to by the Agent providing liquidity and/or credit facilities to
                  or for the
                  account of such Designated Lender and (2) subject to advising any
                  such
                  Person that such information is to be treated as confidential in
                  accordance with Section 9.11, disclose on a confidential basis
                  any
                  non-public information relating to its Loans to any rating agency,
                  

              

      

       

       

      
        
          
          

        

        
          63

          
            

          

        

        
          
          

        

      

       

      
        	 	commercial paper dealer or provider of any guarantee,
                surety or credit or liquidity enhancement to such Designated
                Lender. 

      

    

     

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

            

    

     

    12.2.  Participations.

     

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

     

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

     

    12.2.3
        Benefit
      of Certain Provisions.
      The
      Borrower agrees that each Participant shall be deemed to have the right of
      setoff provided in Section 11.1 in respect of its participating interest in
      amounts owing under the Loan Documents to the same extent as if the amount
      of
      its participating interest were owing directly to it as a Lender under the
      Loan
      Documents, provided
      that
      each Lender shall retain the right of setoff provided in Section 11.1 with
      respect to the amount of participating interests sold to each Participant.
      The
      Lenders agree to share with each Participant, and each Participant, by
      exercising the right of setoff provided in Section 11.1, agrees to share with
      each Lender, any amount received pursuant to the exercise of its right of
      setoff, such amounts to be shared in accordance with Section 11.2 as if each
      Participant were a Lender. The Borrower further agrees that each Participant
      shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the
      same
      extent as if it were a Lender and had acquired its interest by assignment
      pursuant to Section 12.3, provided
      that (i)
      a Participant shall not be entitled to receive any greater payment under Section
      3.1, 3.2 or 3.5 than the Lender who sold the participating 

     

     

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

       

       

      interest
        to such Participant would have received had it retained such interest for
        its
        own account, unless the sale of such interest to such Participant is made
        with
        the prior written consent of the Borrower, and (ii) any Participant not
        incorporated under the laws of the United States of America or any State
        thereof
        agrees to comply with the provisions of Section 3.5 to the same extent as
        if it
        were a Lender.

    

     

    12.3.  Assignments.

     

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

     

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

     

    12.3.3
        Effect;
      Effective Date.
      Upon
      (i) delivery to the Agent of an Assignment Agreement, together with any consents
      required by Sections 12.3.1 and 12.3.2, and (ii) payment of a $3,500 fee to
      the
      Agent for processing such assignment (unless such fee is waived by the Agent),
      such assignment shall become effective on the effective date specified in such
      assignment. The Assignment Agreement shall contain a representation and warranty
      by the Purchaser to the effect that none of the funds, money, assets or other
      consideration used to make the purchase and assumption of the Commitment and
      Outstanding Credit Exposure under the applicable Assignment Agreement
      constitutes “plan assets” as defined under ERISA and that the rights, benefits
      and interests of the Purchaser in and under the Loan Documents will not be
“plan
      assets” under ERISA. On 

     

     

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

       

       

      and
        after
        the effective date of such assignment, such Purchaser shall for all purposes
        be
        a Lender party to this Agreement and any other Loan Document executed by
        or on
        behalf of the Lenders and shall have all the rights, benefits and obligations
        of
        a Lender under the Loan Documents, to the same extent as if it were an original
        party thereto, and the transferor Lender shall be released with respect to
        the
        Commitment and Outstanding Credit Exposure, if any, assigned to such Purchaser
        without any further consent or action by the Borrower, the Lenders or the
        Agent.
        In the case of an assignment covering all of the assigning Lender’s rights,
        benefits and obligations under this Agreement, such Lender shall cease to
        be a
        Lender hereunder but shall continue to be entitled to the benefits of, and
        subject to, those provisions of this Agreement and the other Loan Documents
        which survive payment of the Obligations and termination of the Loan Documents.
        Any assignment or transfer by a Lender of rights or obligations under this
        Agreement that does not comply with this Section 12.3 shall be treated for
        purposes of this Agreement as a sale by such Lender of a participation in
        such
        rights and obligations in accordance with Section 12.2. Upon the consummation
        of
        any assignment to a Purchaser pursuant to this Section 12.3.3, the transferor
        Lender, the Agent and the Borrower shall, if the transferor Lender or the
        Purchaser desires that its Loans be evidenced by Notes, make appropriate
        arrangements so that, upon cancellation and surrender to the Borrower of
        the
        Notes (if any) held by the transferor Lender, new Notes or, as appropriate,
        replacement Notes are issued to such transferor Lender, if applicable, and
        new
        Notes or, as appropriate, replacement Notes, are issued to such Purchaser,
        in
        each case in principal amounts reflecting their respective Commitments (or,
        if
        such Commitments have been terminated, their respective Outstanding Credit
        Exposure), as adjusted pursuant to such assignment.

    

     

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

     

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

     

    12.5.  Tax
      Certifications.
      If any
      interest in any Loan Document is transferred to any Transferee which is not
      incorporated under the laws of the United States or any State thereof, the
      

     

     

    
      
        
        

      

      
        66

        
          

        

      

      
        
        

      

       

       

      transferor
        Lender shall cause such Transferee, concurrently with the effectiveness of
        such
        transfer, to comply with the provisions of Section 3.5(iv).

    

     

    ARTICLE
      XIII

     

    NOTICES

     

    13.1.  Notices. 

     

    (a)
        Except
      in
      the case of notices and other communications expressly permitted to be given
      by
      telephone (and subject to paragraph (b) below), all notices and other
      communications provided for herein shall be in writing and shall be delivered
      by
      hand or overnight courier service, mailed by certified or registered mail or
      sent by telecopy, as follows:

     

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

            

    

     

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

            

    

     

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

            

    

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        67

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      XIV

     

    COUNTERPARTS

     

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

     

    ARTICLE
      XV

     

     

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

     

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

     

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

     

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

     

    [Signature
      Pages Follow]

     

    

    
      
        
        

      

      
        68

        
          

        

      

      
        
        

      

    

    

    
       

       

       

    

    
 

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

     

    
      	 	 	 
	 	AMEREN
              CORPORATION
	 
 	 
 	 
 
	 	by 	/s/ Jerre
              E. Birdsong
	 	
              
Name: 
              Jerre E. Birdsong
	 	Title:   
              Vice President and Treasurer

    

     

    
      
        	 	 	 
	 	
                JPMORGAN
                  CHASE BANK, N.A., as

                Agent, as a Lender and as an Issuing
                  Bank,

              
	 
 	 
 	 
 
	 	by 	/s/
                Michael J. DeForge
	 	
                
Name: 
                Michael J. DeForge
	 	Title:   
                Vice President

      

       

      
        
          	 	 	 
	 	
                  BARCLAYS
                    BANK PLC, as Syndication

                  Agent and as a Lender,

                
	 
 	 
 	 
 
	 	by 	/s/
                  Sydney G. Dennis
	 	
                  
Name: 
                  Sydney G. Dennis
	 	Title:   
                  Director

        

         

      

    

     

     

     

     

     

    SIGNATURE
      PAGE TO

    AMEREN
      CORPORATION AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT
      AGREEMENT

     

     

    

 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        	 	 	 
	 	
                WILLIAM
                  STREET COMMITMENT

                CORPORATION (Recourse only to assets of

                William Street Commitment
                  Corporation),

              
	 
 	 
 	 
 
	 	by 	/s/
                Manda D'Agata
	 	
                
Name: 
                Manda D'Agata
	 	Title:   
                Assistant Vice President

      

       

    

    
      
        	 	 	 
	 	
                BNP
                  PARIBAS,

              
	 
 	 
 	 
 
	 	by 	/s/
                Francis DeLaney
	 	
                
Name: 
                Francis DeLaney
	 	
                Title:   
                  Managing Director

              
	 	 
	                                                                                                                        
                by	
                /s/
                  Mark Renaud 

                
                  

                
Name:  Mark Renaud
	 	Title:   
                Managing Director

      

       

    

    
      
        	
              	 	 
	 	
                CITIBANK, N.A.,

              
	 
 	 
 	 
 
	 	by 	/s/
                Richard Evans
	 	
                
Name: 
                Richard Evans
	 	Title:   
                Vice President

         

      

    

    
      	
            	 	 
	 	
              THE
                BANK OF NEW YORK

            
	 
 	 
 	 
 
	 	by 	/s/
              Cynthia D. Howells
	 	
              
Name: 
              Cynthia D. Howells
	 	Title:   
              Vice President

       

    

    
      	
            	 	 
	 	
              THE
                BANK OF TOKYO-MITSUBISHI, LTD.,

              CHICAGO BRANCH,

            
	 
 	 
 	 
 
	 	by 	/s/
              Tsuguyuki Umene
	 	
              
Name: 
              Tsuguyuki Umene
	 	Title:   
              Deputy General Manager

       

    

    
      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT
        AGREEMENT

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      	
            	 	 
	 	
              WACHOVIA BANK, N.A.,

            
	 
 	 
 	 
 
	 	by 	/s/
              Lawrence N. Gross
	 	
              
Name: 
              Lawrence N. Gross
	 	Title:   
              Assistant Vice President

       

    

    
      	
            	 	 
	 	
              NATIONAL
                CITY BANK OF THE MIDWEST,

            
	 
 	 
 	 
 
	 	by 	/s/
              Eric Hartman
	 	
              
Name: 
              Eric Hartman
	 	Title:   
              Vice President

       

    

    
      	
            	 	 
	 	
              US BANK,

            
	 
 	 
 	 
 
	 	by 	/s/
              Karen Meyer
	 	
              
Name: 
              Karen Meyer
	 	Title:   
              Vice President

       

    

    
      	
            	 	 
	 	
              FIFTH THIRD BANK,

            
	 
 	 
 	 
 
	 	by 	/s/
              Robert M. Sander
	 	
              
Name: 
              Robert M. Sander
	 	Title:   
              Vice President

       

    

    
      	
            	 	 
	 	
              COMMERCE BANK, N.A.,

            
	 
 	 
 	 
 
	 	by 	/s/
              Frank W. Sant
	 	
              
Name: 
              Frank W. Sant
	 	Title:   
              Commercial Loan Officer

       

    

    
      	
            	 	 
	 	
              FIRST BANK,

            
	 
 	 
 	 
 
	 	by 	/s/
              Keith M. Schmelder
	 	
              
Name: 
              Keith M. Schmelder
	 	Title:   
              Senior Vice President

       

    

     

     

    
      SIGNATURE
        PAGE TO

      AMEREN
        CORPORATION AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT
        AGREEMENT

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    
      	
            	 	 
	 	
              MELLON BANK, N.A.,

            
	 
 	 
 	 
 
	 	by 	/s/
              Mark W. Rogers
	 	
              
Name: 
              Mark W. Rogers
	 	Title:   
              Vice President

       

    

    
      	
            	 	 
	 	
              THE NORTHERN TRUST COMPANY,

            
	 
 	 
 	 
 
	 	by 	/s/
              Kathleen D. Schurr
	 	
              
Name: 
              Kathleen D. Schurr
	 	Title:   
              Vice President

       

      
        	
              	 	 
	 	
                UMB BANK, N.A.,

              
	 
 	 
 	 
 
	 	by 	/s/
                Cecil G. Wood
	 	
                
Name: 
                Cecil G. Wood
	 	Title:   
                Executive Vice President

         

        
          SIGNATURE
            PAGE TO

          AMEREN
            CORPORATION AMENDED AND RESTATED FIVE-YEAR REVOLVING CREDIT
            AGREEMENT

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    COMMITMENT
      SCHEDULE TO 

    AMENDED
      AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT

     

    
      	
              Lender

            	
              Commitment

            
	
              JPMorgan
                Chase Bank, N.A.

            	
              $

            	
              58,750,000.00

            
	
              Barclays
                Bank, PLC

            	 	
              31,250,000.00

            
	
              William
                Street Commitment Corporation

            	 	
              30,000,000.00

            
	
              BNP
                Paribas

            	 	
              27,500,000.00

            
	
              Citibank,
                N.A.

            	 	
              27,500,000.00

            
	
              The
                Bank of New York

            	 	
              27,500,000.00

            
	
              The
                Bank of Tokyo-Mitsubishi, Ltd.

            	 	
              27,500,000.00

            
	
              Wachovia
                Bank, National Association

            	 	
              27,500,000.00

            
	
              National
                City Bank of Michigan/Illinois

            	 	
              17,500,000.00

            
	
              U.S.
                Bank, National Association

            	 	
              17,500,000.00

            
	
              Fifth
                Third Bank

            	 	
              12,500,000.00

            
	
              Commerce
                Bank National Association

            	 	
              9,000,000.00

            
	
              First
                Bank

            	 	
              9,000,000.00

            
	
              Mellon
                Bank, N.A. 

            	 	
              9,000,000.00

            
	
              Northern
                Trust Company

            	 	
              9,000,000.00

            
	
              UMB
                Bank, N.A.

            	 	
              9,000,000.00

            
	 	 	 
	
              Aggregate
                Commitment

            	
              $

            	
              350,000,000.00

            

    

    

    

    

    
       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

    

    

    LC
      COMMITMENT SCHEDULE TO 

    AMENDED
      AND RESTATED FIVE-YEAR REVOLVING CREDIT AGREEMENT

     

    
      	
              Issuing
                Bank

            	
              LC
                Commitment

            
	
              JPMorgan
                Chase Bank, N.A.

            	
              $

            	
              350,000,000.00

            

    

    

    

    
       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      

 

    

    PRICING
      SCHEDULE

     

    
      	
               

              Applicable
                Margin or Fee Rate

               

            	
               

              Level

              I

              Status

            	
               

              Level

              II

              Status

               

            	
               

              Level

              III

              Status

               

            	
               

              Level

              IV

              Status

               

            	
               

              Level

              V

              Status

               

            	
               

              Level

              VI

              Status

               

            
	
               

              Eurodollar
                Rate/LC

              Participation
                Fee 

              (when
                Usage ≤

              50.0%)

               

            	
               

              0.180%

               

            	
               

              0.220%

               

            	
               

              0.350%

               

            	
               

              0.425%

               

            	
               

              0.500%

               

            	
               

              0.800%

               

            
	
               

              Floating
                Rate (when

              Usage
                ≤ 50.0%)

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            
	
               

              Eurodollar
                Rate/LC

              Participation
                Fee

              (when
                Usage >

              50.0%)

               

            	
               

              0.280%

               

            	
               

              0.320%

               

            	
               

              0.450%

               

            	
               

              0.525%

               

            	
               

              0.600%

               

            	
               

              1.050%

               

            
	
               

              Floating
                Rate (when

              Usage
                > 50.0%)

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.000%

               

            	
               

              0.050%

               

            
	
               

              Facility
                Fee

               

            	
               

              0.070%

               

            	
               

              0.080%

               

            	
               

              0.100%

               

            	
               

              0.125%

               

            	
               

              0.150%

               

            	
               

              0.200%

               

            

    

    

     

    For
      the
      purposes of this Schedule, the following terms have the following meanings,
      subject to the final paragraph of this Schedule:

     

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

     

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

     

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

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Moody’s
      Rating” means, at any time, one of the following two ratings (in the order in
      which they are to be referenced based on availability): (i) the public rating
      issued by Moody’s Investors Service, Inc. (“Moody’s”) and then in effect with
      respect to the Borrower’s senior unsecured long-term debt securities without
      third-party credit enhancement or (ii) the public ratings issued by Moody’s and
      then in effect with respect to the Borrower’s Obligations under this Agreement
      without third-party credit enhancement.

     

    “S&P
      Rating” means, at any time, one of the following two ratings (in the order in
      which they are to be referenced based on availability): (i) the public rating
      issued by Standard and Poor’s Rating Services (“S&P”) and then in effect
      with respect to the Borrower’s senior unsecured long-term debt securities
      without third-party credit enhancement or (ii) the public rating issued by
      S&P and then in effect with respect to the Borrower’s Obligations under this
      Agreement without third-party credit enhancement.

     

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

     

    “Usage”
      refers to the Aggregate Outstanding Credit Exposure on any date expressed as
      a
      percentage of the Aggregate Commitment on such date.

    

    The
      Applicable Margin and Applicable Fee Rate shall be determined in accordance
      with
      the foregoing table based on the Borrower’s Status as determined from its
      then-current Moody’s and S&P Ratings. The credit rating in effect on any
      date for the purposes of this Schedule is that in effect at the close of
      business on such date. If at any time the Borrower has no Moody’s Rating or no
      S&P Rating, Level VI Status shall exist.

    

    If
      the
      Borrower is split-rated and the ratings differential is one level, then each
      rating agency will be deemed to have a rating in the higher level. If the
      Borrower is split-rated and the ratings differential is two levels or more,
      then
      each rating agency will be deemed to have a rating one level above the lower
      rating, unless either rating is below BB+ or unrated (in the case of S&P) or
      below Ba1 or unrated (in the case of Moody’s), in which case each rating agency
      will be deemed to have a rating in the lower level.

     

    

     

     

    
 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
       

       

       

    

    

    SCHEDULE
      1

     

    SUBSIDIARIES

     

    (See
      Section 5.8)

     

    
      
        	 	
                                   
                  Subsidiary

              	
                Jurisdiction
                  

                of
                  Organization

              	
                       
                  Owned By

              	
                Percent
                  Ownership

              
	 	 	 	 	 
	
                1.

                 

              	
                Union
                  Electric Company

                 

              	
                Missouri

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                2.

                 

              	
                Central
                  Illinois Public Service Company

                 

              	
                Illinois

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                3.

                 

              	
                CIPSCO
                  Investment Company

                 

              	
                Illinois

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                4.

                 

              	
                Ameren
                  Energy, Inc.

                 

              	
                Missouri

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                5.

                 

              	
                Ameren
                  Services Company

                 

              	
                Missouri

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                6.

                 

              	
                Ameren
                  Development Company

                 

              	
                Missouri

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                7.

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                Illinois

                 

              	
                Ameren
                  Corporation

                 

              	
                100%

                 

              
	
                8.

                 

              	
                AmerenEnergy
                  Medina Valley Cogen (No. 4), L.L.C.

                 

              	
                Illinois

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                100%

                 

              
	
                9.

                 

              	
                AmerenEnergy
                  Medina Valley Cogen (No. 2), L.L.C.

                 

              	
                Illinois

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                100%

                 

              
	
                10.

                 

              	
                AmerenEnergy
                  Medina Operations, L.L.C.

                 

              	
                Illinois

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                100%

                 

              
	
                11.

                 

              	
                AmerenEnergy
                  Medina Valley Cogen, L.L.C.

                 

              	
                Illinois

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                100%

                 

              
	
                12.

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                Illinois

                 

              	
                Union
                  Electric Company

                 

              	
                40%

                 

              
	
                 

                 

              	
                 

                 

              	
                 

                 

              	
                Ameren
                  Energy Resources Company

                 

              	
                40%

                 

              
	
                a.

                 

              	
                Joppa
                  & Eastern Railroad Company

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                b.

                 

              	
                Met-South,
                  Inc.

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                c.

                 

              	
                Midwest
                  Electric Power, Inc.

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                d.

                 

              	
                Southern
                  Materials Transfer, Inc.

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                e.

                 

              	
                Massac
                  Enterprises, LLC

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                f.

                 

              	
                Joppa
                  Generating Station, LLC

                 

              	
                Illinois

                 

              	
                Electric
                  Energy, Inc.

                 

              	
                100%

                 

              
	
                13.

                 

              	
                Union
                  Electric Development Corporation

                 

              	
                Missouri

                 

              	
                Union
                  Electric Company

                 

              	
                100%

                 

              

      

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        
          	
                  14.

                   

                	
                  Illinois
                    Materials Supply Co.

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Resources Company

                   

                	
                  100%

                   

                
	
                  15.

                   

                	
                  Ameren
                    Energy Marketing Company

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Resources Company

                   

                	
                  100%

                   

                
	
                  16.

                   

                	
                  Ameren
                    Energy Development Company

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Resources Company

                   

                	
                  100%

                   

                
	
                  17.

                   

                	
                  Ameren
                    Energy Generating Company

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Development Company

                   

                	
                  100%

                   

                
	
                  18.

                   

                	
                  Coffeen
                    and Western Railroad Company

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Generating

                   

                	
                  100%

                   

                
	
                  19.

                   

                	
                  Ameren
                    Energy Fuels and Services Company

                   

                	
                  Illinois

                   

                	
                  Ameren
                    Energy Resources Company

                   

                	
                  100%

                   

                
	
                  20.

                   

                	
                  Ameren
                    Energy Communications, Inc.

                   

                	
                  Missouri

                   

                	
                  Ameren
                    Development Company

                   

                	
                  100%

                   

                
	
                  21.

                   

                	
                  Ameren
                    ERC, Inc.

                   

                	
                  Missouri

                   

                	
                  Ameren
                    Development Company

                   

                	
                  100%

                   

                
	
                  22.

                   

                	
                  Missouri
                    Central Railroad Company

                   

                	
                  Delaware

                   

                	
                  Ameren
                    ERC, Inc.

                   

                	
                  100%

                   

                
	
                  23.

                   

                	
                  Gateway
                    Energy Systems, L.C.

                   

                	
                  Missouri

                   

                	
                  Ameren
                    ERC, Inc.

                   

                	
                  89.1%

                   

                
	
                  24.

                   

                	
                  Gateway
                    Energy WGK Project, L.L.C.

                   

                	
                  Illinois

                   

                	
                  Ameren
                    ERC, Inc.

                   

                	
                  89.1%

                   

                
	
                  25.

                   

                	
                  CIPS
                    Energy, Inc.

                   

                	
                  Illinois

                   

                	
                  Central
                    Illinois Public Service Company

                   

                	
                  100%

                   

                
	
                  26.

                   

                	
                  CIPSCO
                    Venture Company

                   

                	
                  Illinois

                   

                	
                  Central
                    Illinois Public Service Company

                   

                	
                  100%

                   

                
	
                  27.

                   

                	
                  CIPSCO
                    Securities Company

                   

                	
                  Illinois

                   

                	
                  CIPSCO
                    Investment Company

                   

                	
                  100%

                   

                
	
                  28.

                   

                	
                  CIPSCO
                    Leasing Company

                   

                	
                  Illinois

                   

                	
                  CIPSCO
                    Investment Company

                   

                	
                  100%

                   

                
	
                  29.

                   

                	
                  CIPSCO
                    Energy Company

                   

                	
                  Illinois

                   

                	
                  CIPSCO
                    Investment Company

                   

                	
                  100%

                   

                
	
                  30.

                   

                	
                  CLC
                    Aircraft Leasing Co.

                   

                	
                  Illinois

                   

                	
                  CIPSCO
                    Leasing Company

                   

                	
                  100%

                   

                
	
                  31.

                   

                	
                  CLC
                    Leasing Co. A

                   

                	
                  Illinois

                   

                	
                  CIPSCO
                    Leasing Company

                   

                	
                  100%

                   

                

        

         

         

        
          
            
            

          

          
            2

            
              

            

          

          
            
            

          

        

         

         

        
          
            	
                    32.

                     

                  	
                    CEC-ACLP-Co.

                     

                  	
                    Illinois

                     

                  	
                    CIPSCO
                      Energy Company

                     

                  	
                    100%

                     

                  
	
                    33.

                     

                  	
                    Cowboy
                      Railroad Development Company

                     

                  	
                    Arkansas

                     

                  	
                    Ameren
                      Energy Fuels and Services Company

                     

                  	
                    70.97%

                     

                  
	
                    34.

                     

                  	
                    AFS
                      Development Company, LLC

                     

                  	
                    Illinois

                     

                  	
                    Ameren
                      Energy Fuels and Services Company

                     

                  	
                    100%

                     

                  
	
                    35.

                     

                  	
                    CILCORP
                      Inc.

                     

                  	
                    Illinois

                     

                  	
                    Ameren
                      Corporation

                     

                  	
                    100%

                     

                  
	
                    36.

                     

                  	
                    Central
                      Illinois Light Company

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Inc.

                     

                  	
                    100%

                     

                  
	
                    37.

                     

                  	
                    CILCO
                      Exploration and Development Co.

                     

                  	
                    Illinois

                     

                  	
                    Central
                      Illinois Light Company

                     

                  	
                    100%

                     

                  
	
                    38.

                     

                  	
                    AmerenEnergy
                      Resources Generating Company

                     

                  	
                    Illinois

                     

                  	
                    Central
                      Illinois Light Company

                     

                  	
                    100%

                     

                  
	
                    39.

                     

                  	
                    CILCO
                      Energy Corporation

                     

                  	
                    Illinois

                     

                  	
                    Central
                      Illinois Light Company

                     

                  	
                    100%

                     

                  
	
                    40.

                     

                  	
                    CILCORP
                      Investment Management Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Inc.

                     

                  	
                    100%

                     

                  
	
                    41.

                     

                  	
                    CIM
                      Air Leasing Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Investment Management Inc.

                     

                  	
                    100%

                     

                  
	
                    42.

                     

                  	
                    CIM
                      Energy Investment Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Investment Management Inc.

                     

                  	
                    100%

                     

                  
	
                    43.

                     

                  	
                    CIM
                      Leasing Inc.

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Investment Management Inc.

                     

                  	
                    100%

                     

                  
	
                    44.

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Investment Management Inc.

                     

                  	
                    100%

                     

                  
	
                    45.

                     

                  	
                    CLM
                      Inc., IV

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    100%

                     

                  
	
                    46.

                     

                  	
                    CLM
                      Inc. - VII

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    100%

                     

                  
	
                    47.

                     

                  	
                    CLM
                      Inc. - VIII

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    100%

                     

                  
	
                    48.

                     

                  	
                    CLM
                      X, Inc.

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    100%

                     

                  
	
                    49.

                     

                  	
                    CLM
                      Inc., VI

                     

                  	
                    Delaware

                     

                  	
                    CLM
                      X, Inc.

                     

                  	
                    100%

                     

                  

          

           

           

          
            
              
              

            

            
              3

              
                

              

            

            
              
              

            

          

           

          
            	
                    50.

                     

                  	
                    CLM
                      XI, Inc.

                     

                  	
                    Delaware

                     

                  	
                    CLM
                      X, Inc.

                     

                  	
                    100%

                     

                  
	
                    51.

                     

                  	
                    CLM
                      XII, Inc.

                     

                  	
                    Delaware

                     

                  	
                    CILCORP
                      Lease Management Inc.

                     

                  	
                    100%

                     

                  
	
                    52.

                     

                  	
                    QST
                      Enterprises Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Inc.

                     

                  	
                    100%

                     

                  
	
                    53.

                     

                  	
                    QST
                      Energy Inc.

                     

                  	
                    Illinois

                     

                  	
                    QST
                      Enterprises Inc.

                     

                  	
                    100%

                     

                  
	
                    54.

                     

                  	
                    QST
                      Energy Trading Inc.

                     

                  	
                    Illinois

                     

                  	
                    QST
                      Energy Inc.

                     

                  	
                    100%

                     

                  
	
                    55.

                     

                  	
                    CILCORP
                      Infraservices Inc.

                     

                  	
                    Illinois

                     

                  	
                    QST
                      Enterprises Inc.

                     

                  	
                    100%

                     

                  
	
                    56.

                     

                  	
                    QST
                      Inc.

                     

                  	
                    Illinois

                     

                  	
                    QST
                      Enterprises Inc.

                     

                  	
                    100%

                     

                  
	
                    57.

                     

                  	
                    ESE
                      Land Corporation

                     

                  	
                    Illinois

                     

                  	
                    QST
                      Enterprises Inc.

                     

                  	
                    100%

                     

                  
	
                    58.

                     

                  	
                    Savannah
                      Resources Corp.

                     

                  	
                    California

                     

                  	
                    ESE
                      Land Corporation

                     

                  	
                    100%

                     

                  
	
                    59.

                     

                  	
                    ESE
                      Placentia Development Corporation

                     

                  	
                    Illinois

                     

                  	
                    ESE
                      Land Corporation

                     

                  	
                    100%

                     

                  
	
                    60.

                     

                  	
                    CILCORP
                      Venture Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Inc.

                     

                  	
                    100%

                     

                  
	
                    61.

                     

                  	
                    CILCORP
                      Energy Services Inc.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Venture Inc.

                     

                  	
                    100%

                     

                  
	
                    62.

                     

                  	
                    Agricultural
                      Research & Development Corp.

                     

                  	
                    Illinois

                     

                  	
                    CILCORP
                      Venture Inc.

                     

                  	
                    80%

                     

                  
	
                    63.

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    Illinois

                     

                  	
                    Ameren
                      Corporation

                     

                  	
                    100%

                     

                  
	
                    64.

                     

                  	
                    IP
                      Gas Supply Company

                     

                  	
                    Illinois

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    100%

                     

                  
	
                    65.

                     

                  	
                    Illinois
                      Power Transmission Company, LLC

                     

                  	
                    Delaware

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    100%

                     

                  
	
                    66.

                     

                  	
                    Illinois
                      Power Securitization Limited Liability Company

                     

                  	
                    Delaware

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    100%

                     

                  
	
                    67.

                     

                  	
                    Illinois
                      Power Special Purpose Trust

                     

                  	
                    Delaware

                     

                  	
                    Illinois
                      Power Securitization Limited Liability Company

                     

                  	
                    100%

                     

                  
	
                    68.

                     

                  	
                    Illinois
                      Power Financing I

                     

                  	
                    Delaware

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    100%

                     

                  
	
                    69.

                     

                  	
                    Illinois
                      Power Financing II

                     

                  	
                    Delaware

                     

                  	
                    Illinois
                      Power Company

                     

                  	
                    100%

                     

                  

          

        

      

    

     

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
       

       

       

    

     

    SCHEDULE
      2

     

    LIENS

    (See
      Section 6.13)

     

    

    None.

     

     

     

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      

 

    

     

    SCHEDULE
      3

     

    EXISTING
      RESTRICTIONS

    (See
      Section 6.16)

     

    Following
      are the agreements or other arrangements existing as of the Restatement
      Effective Date of the Amended and Restated Five-Year Revolving Credit Agreement
      dated as of July 14, 2005, (the “Agreement”), among the Borrower, the
      lending institutions identified therein as Lenders and JPMorgan Chase Bank,
      N.A., as Administrative Agent and provisions that prohibit, restrict or impose
      any condition upon the ability of any Subsidiary (other than a Project Finance
      Subsidiary) to pay dividends or make any other distribution on its common stock;
      to pay any Indebtedness or other obligation owed to the Borrower or any other
      Subsidiary; or to make loans or advances or other Investments in the Borrower
      or
      any other Subsidiary. The following list does not include restrictions and
      conditions imposed by law or by the above-referenced Agreement. Terms defined
      in
      the above-referenced Agreement are used herein with the same
      meanings.

     

    Union
      Electric

     

    Union
      Electric Subordinated Deferrable Interest Debentures 7.69% Series A due 2036:
      Dividend Restriction. If Union Electric exercises its right to extend the
      interest payment period on the debentures, Union Electric may not, during any
      such extension period, declare or pay any dividend on, or redeem, purchase,
      acquire or make a liquidation payment with respect to, any of its capital stock
      or make any guarantee payments with respect to the foregoing.

     

    CIPS

     

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

     

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

     

    Genco

     

    Genco
      Indenture dated November 1, 2000, as supplemented: Restricted/Conditional
      Payments. So long as any senior notes are outstanding, (a) if Genco’s Senior
      Debt Service Coverage Ratio calculated on a Pro-Forma Basis (both as defined
      in
      Article I of this indenture) is below 1.75 to 1.0 for the most recently ended
      four fiscal quarters prior to the date of measurement or, based on 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    projections
      prepared by Genco, below 1.75 to 1.0 (or 1.50 to 1.0 under circumstances
      described in Section 3.11(b) of this indenture) for any of the succeeding four
      six-month periods from the month including the date of measurement, Genco may
      not (i) pay dividends on or redeem or repurchase its capital stock or (ii)
      make
      payments of principal or interest on any subordinated indebtedness Genco has
      issued except for Genco’s $552 million promissory note with CIPS dated
      May 1, 2000 unless any such redemption or repurchase of capital stock
      or
      subordinated indebtedness is paid from proceeds received from the concurrent
      issuance of capital stock or other subordinated indebtedness, and (b) Genco
      may
      not make any principal payment on the $552 million promissory note with CIPS
      other than the final payment due upon maturity if Genco does not have sufficient
      Available Cash (as defined in Article I of this indenture) to do so. There
      are
      no restrictions or conditions in the Indenture limiting Genco’s ability to make
      repayments of borrowings under, or investments in, the Borrower’s Non-utility
      Money Pool Agreement.

     

    CILCORP

     

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

     

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

     

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

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

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

     

    CILCO

     

    CILCO
      Articles of Incorporation: Dividend Restriction. No dividends shall be paid
      on
      CILCO’s common stock if, at the time of declaration, the balance of retained
      earnings does not equal at least two times the annual dividend requirement
      on
      all outstanding shares of preferred stock and amounts to be paid or set aside
      for any sinking fund for the retirement of Class A Preferred Stock of any series
      have not been paid or set aside.

     

    IP

    

    IP
      11 1⁄2%
      Mortgage Bonds due 2010: Triggering Events. A “Triggering Event” will occur
      under these bonds if IP declares or pays any dividends or makes any other
      payment or distribution with respect to IP’s common stock, or makes any loan to
      or certain investments in any affiliate other than a subsidiary, unless the
      aggregate amount of such payments, along with other restricted payments defined
      in the related financing documents, do not exceed $5 million in the aggregate,
      or unless a) no default would occur as the result of making such payment, b)
      at
      the time of, and after giving effect to such payment, IP would be able to incur
      additional indebtedness pursuant to a fixed charge coverage ratio test set
      forth
      in the related financing documents, and c) such payment, along with all other
      such restricted payments made since the offering date of these bonds is less
      than the sum of 50% of consolidated net income of IP since the offering of
      these
      bonds plus net cash proceeds received by IP through equity infusions or other
      permitted means. Upon the occurrence of a “Triggering Event,” the holders of at
      least 25% of these bonds will be able to require the redemption of these bonds
      at a redemption price equal to 100% of the aggregate principal amount plus
      accrued and unpaid interest. IP will not be subject to the “Triggering Events”
      described above at any time that these bonds are rated investment grade by
      both
      S&P and Moody’s.

    

    Illinois
      Power Securitization Limited Liability Company - as “Grantee” under Illinois
      Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose Trust
      Transitional Funding Trust Notes, Series 1998-1: Limitation on Intercompany
      Loans. Grantee may not make any loan, advance or certain other investments
      to or
      in any other person.

    

    Illinois
      Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose Trust
      Transitional Funding Trust Notes, Series 1998-1: Dividend Restriction. So long
      as any Transitional Funding Trust Notes are outstanding, the Trust shall not,
      directly or indirectly, (a) pay any dividend or make any distribution (by
      reduction of capital or otherwise), whether in cash, property, securities or
      a
      combination thereof, to any owner of a beneficial interest in the Trust or
      otherwise with respect to any ownership or equity interest or similar security
      in or of the Trust, (b) redeem, purchase, retire or otherwise acquire for value
      any such ownership or equity interest or similar security or (c) set aside
      or
      otherwise segregate any amounts for any such purpose; provided, however, that,
      if no event of default shall have occurred and be continuing, the Trust may
      make, or cause to be made, any such distributions to any owner of a beneficial
      

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    interest
      in the Trust or otherwise with respect to any ownership or equity interest
      or
      similar security in or of the Trust using funds distributed to the Trust under
      certain provisions of the indenture relating to the Transitional Funding Trust
      Notes providing for payment to the Trust of balance of Trust accounts after
      principal of and premium, if any, and interest on all Transitional Funding
      Trust
      Notes of all series and a number of other amounts have been paid, to the extent
      that such distributions would not cause the book value of the remaining equity
      in the Trust to decline below 0.5% of the original principal amount of all
      series of Transitional Funding Trust Notes which remain
      outstanding.

    

    Illinois
      Power Special Purpose Trust $864,000,000 Illinois Power Special Purpose Trust
      Transitional Funding Trust Notes, Series 1998-1: Limitation on Intercompany
      Loans. The Trust may not make any loan, advance or certain other investments
      to
      or in any other person.

     

     

     

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    
       

       

       

    

    EXHIBIT
      A

     

    FORM
      OF OPINION

     

    July
      14,
      2005

    

    

    To
      the
      Lenders and 

    JPMorgan
      Chase Bank, N.A., as

    Administrative
      Agent

    270
      Park
      Avenue

    New
      York,
      NY 10017

     

    Dear
      Ladies and Gentlemen:

     

    I
      am the
      Senior Vice President, General Counsel and Secretary of Ameren Corporation,
      a
      Missouri corporation (the “Borrower”). I, or lawyers under my direction, have
      acted as counsel for the Borrower in connection with the Amended and Restated
      Five-Year Revolving Credit Agreement dated as of July 14, 2005 (the
“Credit
      Agreement”), among the Borrower, the lending institutions identified therein as
      Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent. Terms defined
      in
      the Credit Agreement are used herein with the same meanings.

     

    In
      rendering the opinion expressed below, I, or lawyers under my direction, have
      examined originals or copies, certified or otherwise identified to my
      satisfaction, of such documents, corporate records, certificates of public
      officials and other instruments and have conducted such other investigations
      of
      fact and law as I have deemed necessary or advisable for purposes of this
      opinion.

     

    In
      making
      the examinations described above, I have assumed without independent
      investigation the capacity of natural persons (other than the office held by
      each representative of the Borrower) as reflected adjacent to such individual’s
      signature on the Credit Agreement, the genuineness of all signatures (other
      than
      those of representatives of the Borrower appearing on the Credit Agreement),
      the
      authenticity of all documents furnished to me as originals, the conformity
      to
      originals of all documents furnished to me as certified or photostatic copies
      and the authenticity of the originals of such documents. In addition, I have
      assumed without independent investigation that (i) the Credit Agreement has
      been
      duly authorized, executed and delivered by the Lenders and the Agent, and
      constitutes their valid, lawful and binding obligation and agreement, and (ii)
      there is no separate agreement, undertaking, or course of dealing modifying,
      varying or waiving any of the terms of the Credit Agreement. As to matters
      of
      fact not independently established by me relevant to the opinions set forth
      herein, I have relied without independent investigation on the representations
      contained in the Credit Agreement and in certificates of public officials and
      responsible representatives of the Borrower furnished to me; provided,
      however,
      that I
      advise that in the course of my 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

       

      representation
        of the Borrower, I obtained no information that leads me to believe that
        any
        such representation or certificate is untrue or misleading in any material
        respect.

    

     

    Upon
      the
      basis of and subject to the foregoing, I am of the opinion that:

     

    Each
      of
      the Borrower and its Subsidiaries is a corporation, partnership (in the case
      of
      Subsidiaries only) or limited liability company duly and properly incorporated
      or organized, as the case may be, validly existing and (to the extent such
      concept applies to such entity) in good standing under the laws of its
      jurisdiction of incorporation or organization and has all requisite authority
      to
      conduct its business as presently conducted in each jurisdiction in which its
      business is conducted.

     

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

     

    Neither
      the execution and delivery by the Borrower of the Loan Documents, nor the
      consummation of the transactions therein contemplated, nor compliance with
      the
      provisions thereof will violate (i) any law, rule, regulation, order, writ,
      judgment, injunction, decree or award binding on the Borrower or any of its
      Subsidiaries, or (ii) the Borrower’s or any Subsidiary’s articles or certificate
      of incorporation, partnership agreement, certificate of partnership, articles
      or
      certificate of organization, by-laws, or operating agreement or other management
      agreement, as the case may be, or (iii) the provisions of any indenture,
      instrument or agreement to which the Borrower or any of its Subsidiaries is
      a
      party or is subject, or by which it, or its Property, is bound, or conflict
      with, or constitute a default under, or result in, or require, the creation
      or
      imposition of any Lien in, of or on the Property of the Borrower or a Subsidiary
      pursuant to the terms of, any such indenture, instrument or agreement. No order,
      consent, adjudication, approval, license, authorization, or validation of,
      or
      filing, recording or registration with, or exemption by, or other action in
      respect of any governmental or public body or authority, or any subdivision
      thereof, which has not been obtained by the Borrower or any of its Subsidiaries,
      is required to be obtained by the Borrower or any of its Subsidiaries in
      connection with the execution and delivery of the Loan Documents, the borrowings
      and issuances of Letters of Credit under the Credit Agreement, the payment
      and
      performance by the Borrower of the Obligations or the legality, validity,
      binding effect or enforceability of any of the Loan Documents.

     

    Except
      for the Disclosed Matters, there is no litigation, arbitration, governmental
      investigation, proceeding or inquiry currently existing, or, to the best of
      my
      knowledge after due inquiry, pending or threatened against or affecting the
      Borrower of any of its 

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

       

      Subsidiaries,
        which, if determined adversely to the Borrower or to its Subsidiaries, could
        reasonably be expected to have a Material Adverse Effect or which seeks to
        prevent, enjoin or delay the making of any Loans or would adversely effect
        the
        legality, validity or enforceability of the Loan Documents or the ability
        of the
        Borrower to perform the transactions contemplated therein.

    

     

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

     

    The
      Borrower is a “holding company,” as such term is defined in the Public Utility
      Holding Company Act of 1935, as amended (together with all rules, regulations
      and orders promulgated or otherwise issued in connection therewith, the “Holding
      Company Act”). Pursuant to the Holding Company Act, the Securities and Exchange
      Commission (“SEC”) has issued its order authorizing (a) the incurrence by the
      Borrower of short-term indebtedness for borrowed money in an aggregate principal
      amount not to exceed at any time $1,500,000,000 and (b) the issuance and sale
      by
      the Borrower of capital stock, preferred stock, certain other specified
      securities and long-term indebtedness for borrowed money in an aggregate
      principal amount not to exceed at any time $2,500,000,000, subject to, among
      other things, the condition that all such indebtedness be issued on or before
      June 30, 2007, and in the case of short-term indebtedness for borrowed
      money, mature not later than 364 days thereafter. Such order of the SEC is
      in
      full force and effect. Loans contemplated by the Credit Agreement are short-term
      indebtedness for borrowed money and long-term indebtedness for borrowed money
      within the meaning of the aforesaid order of the SEC. An additional
      authorization from the SEC will be necessary in order for the Borrower, after
      June 30, 2007, to obtain any Advances under the Credit Agreement (assuming
      the Facility Termination Date has not already occurred prior to such date)
      or to
      incur or issue short-term indebtedness for borrowed money and long-term
      indebtedness for borrowed money, in each case including, without limitation,
      Loans extended under the Credit Agreement. No other federal governmental
      consents, approvals, authorizations, registrations, declarations or filings
      are
      required in connection with the extensions of credit under the Credit Agreement
      or the performance by the Borrower of its obligations under the Credit
      Agreement.

     

    In
      a
      properly presented case, a Missouri court or a federal court applying Missouri
      choice of law rules should give effect to the choice of law provisions of the
      Credit Agreement and should hold that the Credit Agreement is to be governed
      by
      the laws of the State of New York rather than the laws of the State of Missouri.
      In rendering the foregoing opinion, I note that by its terms the Credit
      Agreement expressly selects New York law as the law governing its interpretation
      and that the Credit Agreement was delivered to the Agent in New York. The choice
      of law provisions of the Credit Agreement are not voidable under the laws of
      the
      State of Missouri. Notwithstanding the foregoing, even if a Missouri court
      or a
      federal court holds that the Credit Agreement is to be governed by the laws
      of
      the State of Missouri, the Credit Agreement constitutes a legal, valid and
      binding obligation of Borrower thereto, enforceable under Missouri law
      (including usury provisions) against the Borrower in accordance with its
      terms.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    I
      express
      no opinion as to the compliance or noncompliance, or the effect of the
      compliance or noncompliance, of any addressee with any state or federal laws
      or
      regulations applicable to it by reason of its status as or affiliation with
      a
      federally insured depository institution.

     

    I
      am a
      member of the Bar of the State of Missouri and the foregoing opinion is limited
      to the laws of the State of Missouri and the Federal laws of the United States
      of America. I note that the Credit Agreement is governed by the laws of the
      State of New York and, for purposes of the opinion expressed in opinion
      paragraph 2 above, I have assumed that the laws of the State of New York do
      not
      differ from the laws of the State of Missouri in any manner that would render
      such opinion incorrect. This opinion is rendered solely to you in connection
      with the above matter. This opinion may not be relied upon by you for any other
      purpose or relied upon by any other Person (other than your successors and
      assigns as Lenders) without my prior written consent. Notwithstanding anything
      in this opinion letter to the contrary, you may disclose this opinion (i) to
      prospective successors and assigns of the addressees hereof, (ii) to regulatory
      authorities having jurisdiction over any of the addressees hereof or their
      successors and assigns, and (iii) pursuant to valid legal process, in each
      case
      without my prior consent. This opinion is delivered as of the date hereof and
      I
      undertake no, and disclaim any, obligation to advise you of any change in
      matters of law or fact set forth herein or upon which this opinion is
      based.

     

    Very
      truly yours,

    

     

     

     

     

     

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    

    EXHIBIT
      B

     

    COMPLIANCE
      CERTIFICATE

     

    

     

    

     

    To:         
      The
      Lenders parties to the

                   
      Credit Agreement Described Below

     

    This
      Compliance Certificate is furnished pursuant to that certain Amended and
      Restated Five-Year Revolving Credit Agreement dated as of July 14, 2005 (as
      amended, modified, renewed or extended from time to time, the “Agreement”) among
      Ameren Corporation (the “Borrower”), the lenders party thereto and JPMorgan
      Chase Bank. N.A., as Agent for the Lenders. Unless otherwise defined herein,
      capitalized terms used in this Compliance Certificate have the meanings ascribed
      thereto in the Agreement.

     

    THE
      UNDERSIGNED HEREBY CERTIFIES THAT:

     

    1.
      I am
      the duly elected __________ of the Borrower;

     

    2.
      I have
      reviewed the terms of the Agreement and I have made, or have caused to be made
      under my supervision, a detailed review of the transactions and conditions
      of
      the Borrower and its Subsidiaries during the accounting period covered by the
      attached financial statements;

     

    3.
      The
      examinations described in paragraph 2 did not disclose, and I have no knowledge
      of, the existence of any condition or event which constitutes a Default or
      Unmatured Default during or at the end of the accounting period covered by
      the
      attached financial statements or as of the date of this Certificate, except
      as
      set forth below; and

     

    4.
      Schedule I attached hereto sets forth financial data and computations evidencing
      the Borrower’s compliance with certain covenants of the Agreement as of the end
      of the most recent fiscal quarter for which such financial data and computations
      have been prepared.

     

    Described
      below are the exceptions, if any, to paragraph 3 by listing, in detail, the
      nature of the condition or event, the period during which it has existed and
      the
      action which the Borrower has taken, is taking, or proposes to take with respect
      to each such condition or event:

     

    
      
        

      

    

    
       

      
        

      

       

      
        
          

        

      

       

      
        
          

        

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
      
        

      

    

     

    
      
        

      

    

     

     

         The
      foregoing certifications, together
      with the computations set forth in Schedule I hereto and the financial
      statements delivered with this Compliance Certificate in support hereof, are
      made and delivered this ___ day of __________, _____.

     

    

     

                                ______________________________

     

    

    

    
       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      

 

    

    SCHEDULE
      I TO COMPLIANCE CERTIFICATE

     

    Compliance
      as of _________, ____ with

    Provisions
      of Section 6.17 of

    the
      Agreement

     

    

     

    LEVERAGE
      RATIO

     

    Borrower:

     

    Consolidated
      Indebtedness of the
      Borrower:                        
      $___________
      

     

    Consolidated
      Total Capitalization of the
      Borrower:              
      $___________
      

     

    Borrower’s
      Leverage Ratio (Ratio of 1 to
      2):                          
      _____
      to
      1.00 

     

    

    
       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        C

    

     

    ASSIGNMENT
      AND ASSUMPTION AGREEMENT

     

     

     

    This
      Assignment and Assumption (the “Assignment
      and Assumption”)
      is
      dated as of the Effective Date set forth below and is entered into by and
      between [Insert
      name of Assignor]
      (the
“Assignor”)
      and
[Insert
      name of Assignee]
      (the
“Assignee”).
      Capitalized terms used but not defined herein shall have the meanings given
      to
      them in the Credit Agreement identified below (as amended, the “Credit
      Agreement”),
      receipt of a copy of which is hereby acknowledged by the Assignee. The Terms
      and
      Conditions set forth in Annex 1 attached hereto are hereby agreed to and
      incorporated herein by reference and made a part of this Assignment and
      Assumption as if set forth herein in full.

     

    For
      an
      agreed consideration, the Assignor hereby irrevocably sells and assigns to
      the
      Assignee, and the Assignee hereby irrevocably purchases and assumes from the
      Assignor, subject to and in accordance with the Standard Terms and Conditions
      and the Credit Agreement, as of the Effective Date inserted by the Agent as
      contemplated below, the interest in and to all of the Assignor’s rights and
      obligations in its capacity as a Lender under the Credit Agreement and any
      other
      documents or instruments delivered pursuant thereto that represents the amount
      and percentage interest identified below of all of the Assignor’s outstanding
      rights and obligations under the respective facilities identified below
      (including without limitation any letters of credit, guaranties and swingline
      loans included in such facilities and, to the extent permitted to be assigned
      under applicable law, all claims (including without limitation contract claims,
      tort claims, malpractice claims, statutory claims and all other claims at law
      or
      in equity), suits, causes of action and any other right of the Assignor against
      any Person whether known or unknown arising under or in connection with the
      Credit Agreement, any other documents or instruments delivered pursuant thereto
      or the loan transactions governed thereby) (the “Assigned
      Interest”).
      Such
      sale and assignment is without recourse to the Assignor and, except as expressly
      provided in this Assignment and Assumption, without representation or warranty
      by the Assignor.

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      
         

        
 

      

       

      1.    Assignor:    ____________________________________

       

      2.    Assignee:    ____________________________________
        [and is an Affiliate/Approved

                      Fund
        of [Identify
        Lender]1

       

      3.    Borrower:    Ameren
        Corporation____________________

       

      4.    Agent:               
        JPMorgan Chase Bank,
        N.A.                         ,
        as the agent under the Credit

                                           
        Agreement.

       

      5.    Credit
        Agreement:    The Amended and
        Restated Five-Year Revolving Credit Agreement

                          dated
        as of July 14,
        2005 among Ameren Corporation, the Lenders

                          party
        thereto,
        JPMorgan Chase Bank, N.A., as Agent, and the other

                          agents
        party
        thereto. 

    

    

    
      	
              6.

            	
              Assigned
                Interest:

            	 
	 	
              Aggregate
                Amount of 

              Commitment/Loans

              for
                all Lenders*

            	
              Amount
                of 

              Commitment/Loans
                

              Assigned*

            	
              Percentage
                Assigned 

              of

               Commitment/Loans2 

            
	 	
              $

            	
              $

            	
              _______%

            
	 	
              $

            	
              $

            	
              _______%

            
	 	
              $

            	
              $

            	
              _______%

            

    

     

    7.    Trade
      Date:            ________________________________________________3

     

     

    Effective
      Date: ____________, 20__ [TO
      BE
      INSERTED BY AGENT AND WHICH 

    SHALL
      BE
      THE EFFECTIVE DATE OF RECORDATION OF TRANSFER BY THE 

    AGENT.]

     

    

    
       

       

      ______________________________

      1    Select
        as
        applicable

       

      *    Amount
        to be adjusted
        by the counterparties to take into account any payments or prepayments made
        between the Trade Date and the Effective Date.

       

      2    Set
        forth, to at
        least 9 decimals, as a percentage of the Commitment/Loans of all Lenders
        thereunder.

       

      3    Insert
        if
        satisfaction of miniumu amounts is to be determined as of the Trade
        Date.

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

     

     

    The
      terms
      set forth in this Assignment and Assumption are hereby agreed to:

     

    
      
        	 	
                ASSIGNOR

                [NAME
                  OF ASSIGNOR]

              
	 	 
	 	 
	 	
                By:

              	___________________________________________________
	 	 	
                Title:

                 

              
	 	
                ASSIGNEE

                [NAME
                  OF ASSIGNEE]

              
	 	 
	 	 
	 	
                By:

              	___________________________________________________ 
	 	 	
                Title:

                 

              

      

       

       

      
        	
                [Consented
                  to and]4 
                  Accepted:

              	 	 
	
                JPMORGAN
                  CHASE BANK, N.A., as Agent

              	 	 
	
                By:

              	 	 	 
	
                Title:

              	 	 
	 	 	 
	
                [Consented
                  to:]5 

              	 	 
	 	 	 
	
                AMEREN
                  CORPORATION

              	 	 
	 	 	 	 
	
                By:

              	 	 	 
	
                Title:

              	 	 

      

    

    

     

     

    _______________________________________________

      4    To
        be
        added only if the consent of the Agent is required by the terms of the Credit
        Agreement.

       

      
        5    To
          be
          added only if the consent of the Borrower is required by the terms of the
          Credit
          Agreement.

         

      

    

    

    
       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

       

    

    

    ANNEX
      1

    TERMS
      AND CONDITIONS FOR

    ASSIGNMENT
      AND ASSUMPTION

     

    1.
      Representations
      and Warranties.

     

    1.1
      Assignor.
      The
      Assignor represents and warrants that (i) it is the legal and beneficial owner
      of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
      lien, encumbrance or other adverse claim and (iii) it has full power and
      authority, and has taken all action necessary, to execute and deliver this
      Assignment and Assumption and to consummate the transactions contemplated
      hereby. Neither the Assignor nor any of its officers, directors, employees,
      agents or attorneys shall be responsible for (i) any statements, warranties
      or
      representations made in or in connection with the Credit Agreement or any other
      Loan Document, (ii) the execution, legality, validity, enforceability,
      genuineness, sufficiency, perfection, priority, collectibility, or value of
      the
      Loan Documents or any collateral thereunder, (iii) the financial condition
      of
      the Borrower, any of its Subsidiaries or Affiliates or any other Person
      obligated in respect of any Loan Document, (iv) the performance or observance
      by
      the Borrower, any of its Subsidiaries or Affiliates or any other Person of
      any
      of their respective obligations under any Loan Document, (v) inspecting any
      of
      the property, books or records of the Borrower, or any guarantor, or (vi) any
      mistake, error of judgment, or action taken or omitted to be taken in connection
      with the Loans or the Loan Documents.

     

    1.2.
      Assignee.
      The
      Assignee (a) represents and warrants that (i) it has full power and authority,
      and has taken all action necessary, to execute and deliver this Assignment
      and
      Assumption and to consummate the transactions contemplated hereby and to become
      a Lender under the Credit Agreement, (ii) from and after the Effective Date,
      it
      shall be bound by the provisions of the Credit Agreement as a Lender thereunder
      and, to the extent of the Assigned Interest, shall have the obligations of
      a
      Lender thereunder, (iii) agrees that its payment instructions and notice
      instructions are as set forth in Schedule 1 to this Assignment and Assumption,
      (iv) none of the funds, monies, assets or other consideration being used to
      make
      the purchase and assumption hereunder are “plan assets” as defined under ERISA
      and that its rights, benefits and interests in and under the Loan Documents
      will
      not be “plan assets” under ERISA, (v) agrees to indemnify and hold the Assignor
      harmless against all losses, costs and expenses (including, without limitation,
      reasonable attorneys’ fees) and liabilities incurred by the Assignor in
      connection with or arising in any manner from the Assignee’s non-performance of
      the obligations assumed under this Assignment and Assumption, (vi) it has
      received a copy of the Credit Agreement, together with copies of financial
      statements and such other documents and information as it has deemed appropriate
      to make its own credit analysis and decision to enter into this Assignment
      and
      Assumption and to purchase the Assigned Interest on the basis of which it has
      made such analysis and decision independently and without reliance on the Agent
      or any other Lender, and (vii) attached as Schedule 1 to this Assignment and
      Assumption is any documentation required to be delivered by the Assignee with
      respect to its tax status pursuant to the terms of the Credit Agreement, duly
      completed and executed by the Assignee and (b) agrees that (i) it will,
      independently and without reliance on the Agent, the Assignor or any other
      Lender, 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

       

      and
        based
        on such documents and information as it shall deem appropriate at the time,
        continue to make its own credit decisions in taking or not taking action
        under
        the Loan Documents, and (ii) it will perform in accordance with their terms
        all
        of the obligations which by the terms of the Loan Documents are required
        to be
        performed by it as a Lender.

    

     

    2.
      Payments.
      The
      Assignee shall pay the Assignor, on the Effective Date, the amount agreed to
      by
      the Assignor and the Assignee. From and after the Effective Date, the Agent
      shall make all payments in respect of the Assigned Interest (including payments
      of principal, interest, fees and other amounts) to the Assignor for amounts
      which have accrued to but excluding the Effective Date and to the Assignee
      for
      amounts which have accrued from and after the Effective Date.

     

    3.
      General
      Provisions.
      This
      Assignment and Assumption shall be binding upon, and inure to the benefit of,
      the parties hereto and their respective successors and assigns. This Assignment
      and Assumption may be executed in any number of counterparts, which together
      shall constitute one instrument. Delivery of an executed counterpart of a
      signature page of this Assignment and Assumption by telecopy shall be effective
      as delivery of a manually executed counterpart of this Assignment and
      Assumption. This Assignment and Assumption shall be governed by, and construed
      in accordance with, the law of the State of New York.

     

    

    

    
       

       

       

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

    

    

    ADMINISTRATIVE
      QUESTIONNAIRE

     

    (Schedule
      to be supplied by Closing Unit or Trading Documentation Unit)

     

    

    

    
       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    

    US
      AND NON-US TAX INFORMATION REPORTING REQUIREMENTS

     

    (Schedule
      to be supplied by Closing Unit or Trading Documentation Unit)

     

     

     

     

     

     

     

     

     

     

    
 

    

    
       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

    

    

     

    EXHIBIT
      D

     

    LOAN/CREDIT
      RELATED MONEY TRANSFER INSTRUCTION

     

    To
      JPMorgan Chase Bank, N.A.,

    as
      Agent
      (the “Agent”) under the Credit Agreement

    Described
      Below.

     

     

    
      	
              Re:

            	
              Amended
                and Restated Five-Year Revolving Credit Agreement, dated July 14,
                2005 (as the same may be amended or modified, the “Credit Agreement”),
                among Ameren Corporation (the “Borrower”), the Lenders named therein and
                the Agent. Capitalized terms used herein and not otherwise defined
                herein
                shall have the meanings assigned thereto in the Credit
                Agreement.

            

    

     

    The
      Agent
      is specifically authorized and directed to act upon the following standing
      money
      transfer instructions with respect to the proceeds of Advances or other
      extensions of credit from time to time until receipt by the Agent of a specific
      written revocation of such instructions by the Borrower, provided,
      however,
      that
      the Agent may otherwise transfer funds as hereafter directed in writing by
      the
      Borrower in accordance with Section 13.1 of the Credit Agreement or based on
      any
      telephonic notice made in accordance with Section 2.17 of the Credit
      Agreement.

     

    Facility
      Identification
      Number(s)___________________________________________________

     

    Customer/Account
      Name    Ameren
      Corporation                                                                      
      

     

    Transfer
      Funds To    Bank of America,
      N.A. (Dallas,
      Texas)                                                     
      

                                         
      ABA # 111000012

                                         
      ________________________________________________________

     

    For
      Account No.    3750960963                                                                                              
      

     

    Reference/Attention
      To    Ameren Corporation
      General                                                             
      

     

    Authorized
      Officer (Customer Representative)                Date__________________________

                                               

    ______________________________________________                
       _______________________________________

    (Please
      Print)                                                                                         
      Signature

     

    
      Bank
        Officer
        Name                                       
                        Date___________________________________

                                                 

      ______________________________________________                
         _______________________________________

      (Please
        Print)                                                                                         
        Signature

    

     

     

    

     

    (Deliver
      Completed Form to Credit Support Staff For Immediate Processing)

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    
       

       

       

    

     

    

     

    EXHIBIT
      E

     

    NOTE

     

                                        [Date]

     

    AMEREN
      CORPORATION, a Missouri corporation (the “Borrower”), promises to pay to the
      order of ____________________________________ (the “Lender”) on the Facility
      Termination Date __________ DOLLARS ($_____) or, if less, the aggregate unpaid
      principal amount of all Loans made by the Lender to the Borrower pursuant to
      Article II of the Agreement (as hereinafter defined), in immediately available
      funds at the main office of JPMorgan Chase Bank, N.A. in New York, New York,
      as
      Agent, together with accrued but unpaid interest thereon. The Borrower shall
      pay
      interest on the unpaid principal amount hereof at the rates and on the dates
      set
      forth in the Agreement.

     

    The
      Lender shall, and is hereby authorized to, record on the schedule attached
      hereto, or to otherwise record in accordance with its usual practice, the date
      and amount of each Revolving Loan and the date and amount of each principal
      payment hereunder.

     

    This
      Note
      is one of the Notes issued pursuant to, and is entitled to the benefits of,
      the
      Amended and Restated Five-Year Revolving Credit Agreement dated as of
      July 14, 2005 (which, as it may be amended or modified and in effect
      from
      time to time, is herein called the “Agreement”), among the Borrower, the lenders
      party thereto, including the Lender, and JPMorgan Chase Bank, N.A., as Agent,
      to
      which Agreement reference is hereby made for a statement of the terms and
      conditions governing this Note, including the terms and conditions under which
      this Note may be prepaid or its maturity date accelerated. Capitalized terms
      used herein and not otherwise defined herein are used with the meanings
      attributed to them in the Agreement.

     

    THIS
      NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
      STATE
      OF NEW YORK.

     

    
      	 	 	 
	 	
              AMEREN
                CORPORATION

            
	 	 	 
	 	
              By: ______________________________________________________

            
	 	
              Print
                Name:________________________________________________________

            
	 	
              Title: _____________________________________________________

            

    

    

    
       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

    

    

    

    SCHEDULE
      OF LOANS AND PAYMENTS OF PRINCIPAL

     

    TO

     

    NOTE
      OF
      AMEREN CORPORATION,

     

    DATED
      _____________,

     

     

    
      	
              Date

            	
              Principal

              Amount
                of

              Loan

            	
              Maturity

              of
                Interest

              Period

            	
              Principal

              Amount

              Paid

            	
              Unpaid

              Balance

            
	 	 	 	 	 

    

    

    

    
       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

    

    

     

    EXHIBIT
      F

     

    FORM
      OF DESIGNATION AGREEMENT

     

    Dated
      ____________, 20__

     

    Reference
      is made to the Amended and Restated Five-Year Revolving Credit Agreement dated
      as of July 14, 2005 (as amended or otherwise modified from time to time,
      the “Credit Agreement”) among Ameren Corporation, a Missouri corporation (the
“Borrower”) the lenders from time to time party thereto (the “Lenders”) and
      JPMorgan Chase Bank, N.A. (having its principal office in New York, NY), as
      Agent. Terms defined in the Credit Agreement are used herein as therein
      defined.

     

    _________
      (the “Designating Lender”), ____________ (the “Designated Lender”), and the
      Borrower agree as follows:

     

    
      	1.  	
              The
                Designating Lender hereby designates the Designated Lender, and the
                Designated Lender hereby accepts such designation, as its Designated
                Lender under the Credit Agreement.

            

    

     

    
      	2.  	
              The
                Designating Lender makes no representations or warranty and assumes
                no
                responsibility with respect to the financial condition of the Borrower
                or
                the performance or observance by the Borrower of any of its obligations
                under the Credit Agreement or any other instrument or document furnished
                pursuant thereto.

            

    

     

    
      
        	3.  	
                The
                  Designated Lender (i) confirms that it has received a copy of the
                  Credit
                  Agreement, together with copies of the financial statements referred
                  to in
                  Article V and Article VI thereof and such other documents and information
                  as it has deemed appropriate to make its own credit analysis and
                  decision
                  to enter into this Designation Agreement; (ii) agrees that it will,
                  independently and without reliance upon the Agent, the Designating
                  Lender
                  or any other Lender and based on such documents and information
                  as it
                  shall deem appropriate at the time, continue to make its own credit
                  decisions in taking or not taking any action it may be permitted
                  to take
                  under the Credit Agreement; (iii) confirms that it is an Eligible
                  Designee; (iv) appoints and authorizes the Designating Lender as
                  its
                  administrative agent and attorney-in-fact and grants the Designating
                  Lender an irrevocable power of attorney to receive payments made
                  for the
                  benefit of the Designated Lender under the Credit Agreement and
                  to deliver
                  and receive all communications and notices under the Credit Agreement,
                  if
                  any, that Designated Lender is obligated to deliver or has the
                  right to
                  receive thereunder; (v) acknowledges that it is subject to and
                  bound by
                  the confidentiality provisions of the Credit Agreement (except
                  as
                  permitted under Section 12.4 thereof); and (vi) acknowledges that
                  the
                  Designating Lender retains the sole right and responsibility to
                  vote under
                  the Credit Agreement, including, without limitation, the right
                  to approve
                  any amendment, modification or waiver of any provision of the Credit
                  Agreement, and agrees that the Designated Lender shall be bound
                  by all
                  such 

              

      

       

       

       

       

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
        	 	votes, approvals, amendments, modifications and
                waivers
                and all other agreements of the Designating Lender pursuant to or
                in
                connection with the Credit
                Agreement. 

      

    

     

    
      	4.  	
              Following
                the execution of this Designation Agreement by the Designating Lender,
                the
                Designated Lender and the Borrower, it will be delivered to the Agent
                for
                acceptance and recording by the Agent. The effective date of this
                Designation Agreement shall be the date of acceptance thereof by
                the
                Agent, unless otherwise specified on the signature page hereto (the
                “Effective Date”).

            

    

     

    
      	5.  	
              Upon
                such acceptance and recording by the Agent, as of the Effective Date
                (a)
                the Designated Lender shall have the right to make Loans as a Lender
                pursuant to Article II of the Credit Agreement and the rights of
                a Lender
                related thereto and (b) the making of any such Loans by the Designated
                Lender shall satisfy the obligations of the Designating Lender under
                the
                Credit Agreement to the same extent, and as if, such Loans were made
                by
                the Designating Lender.

            

    

     

    
      	6.  	
              Each
                party to this Designation Agreement hereby agrees that it shall not
                institute against, or join any other Person in instituting against,
                any
                Designated Lender any bankruptcy, reorganization, arrangement, insolvency
                or liquidation proceeding or other proceedings under any federal
                or state
                bankruptcy or similar law for one year and a day after payment in
                full of
                all outstanding senior indebtedness of any Designated Lender; provided
                that the Designating Lender for each Designated Lender hereby agrees
                to
                indemnify, save and hold harmless each other party hereto for any
                loss,
                cost, damage and expense arising out of its inability to institute
                any
                such proceeding against such Designated Lender. This Section 6 of
                the
                Designation Agreement shall survive the termination of this Designation
                Agreement and termination of the Credit
                Agreement.

            

    

     

    
      	7.  	
              This
                Designation Agreement shall be governed by, and construed in accordance
                with, the internal laws of the State of New
                York.

            

    

     

     

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    
       

       

       

       

       

      
         

         

         

      

       

       

       

    

    

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

     

    Effective
      Date6 :

     

    [NAME
      OF
      DESIGNATING LENDER]

     

    

     

    By:
      _____________________________

     

    Name:
      ___________________________

     

    Title:
      ____________________________

     

    

     

    [NAME
      OF
      DESIGNATED LENDER]

     

    

     

    By:
      ______________________________

     

    Name:
      ___________________________

     

    Title:
      ____________________________

     

    

     

    

     

    AMEREN
      CORPORATION

     

    

     

    By:
      ______________________________

     

    Name:
      ___________________________

     

    Title:
      ____________________________

     

    Accepted
      and Approved this

     

    ____
      day
      of ________, ____

     

    JPMORGAN
      CHASE BANK, N.A., as Agent

     

    By:
      ______________________________

    Title:
      ____________________________

     

    

     

    ____________________________________
1This
      date should be no earlier than the date of acceptance by the Agent.

     

     

     

    
      
        
        

      

      
        3exhibit 4.1

	
      NUMBER

      U-__________

       
	 	 	 	
      UNITS

	
      SEE
      REVERSE FOR CERTAIN DEFINITIONS
	
      QUADRAPOINT
      ACQUISITION CORP.
	 

CUSIP

UNITS
CONSISTING OF ONE SHARE OF COMMON STOCK AND TWO WARRANTS EACH TO PURCHASE ONE
SHARE OF COMMON STOCK

THIS
CERTIFIES THAT
______________________________________________________________________________________________ 

is the
owner of
_______________________________________________________________________________________________________
Units.

Each Unit
(“Unit”) consists of one (1) share of common stock, par value $.0001 per share
(“Common Stock”), of QuadraPoint Acquisition Corp., a Delaware corporation (the
“Company”), and two warrants (the “Warrants”). Each Warrant entitles the holder
to purchase one (1) share of Common Stock for $5.00 per share (subject to
adjustment). Each Warrant will become exercisable on the later of (i) the
Company’s completion of a merger, capital stock exchange, asset acquisition,
stock purchase or other business combination and (ii) ___________, 2006, and
will expire unless exercised before 5:00 p.m., New York City Time, on
____________, 2009, or earlier upon redemption (the “Expiration Date”). The
Common Stock and Warrants comprising the Units represented by this certificate
are not transferable separately prior to __________, 2005, subject to earlier
separation in the discretion of Ladenburg Thalmann & Co. Inc. The terms of
the Warrants are governed by a Warrant Agreement, dated as of _______, 2005,
between the Company and Continental Stock Transfer & Trust Company, as
Warrant Agent, and are subject to the terms and provisions contained therein,
all of which terms and provisions the holder of this certificate consents to by
acceptance hereof. Copies of the Warrant Agreement are on file at the office of
the Warrant Agent at 17 Battery Place, New York, New York 10004, and are
available to any Warrant holder on written request and without cost.

This
certificate is not valid unless countersigned by the Transfer Agent and
Registrar of the Company.

Witness
the facsimile seal of the Company and the facsimile signature of its duly
authorized officers.

[Missing Graphic Reference]

 

By

[Missing Graphic Reference]

[Missing Graphic Reference]

__________________________________________    ____________________________________________

    Chairman
of the Board    Secretary

 

QuadraPoint
Acquisition Corp.

The
Company will furnish without charge to each stockholder who so requests, a
statement of the powers, designations, preferences and relative, participating,
optional or other special rights of each class of stock or series thereof of the
Company and the qualifications, limitations, or restrictions of such preferences
and/or rights. 

The
following abbreviations, when used in the inscription on the face of this
certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

 

TEN COM
- as
tenants in common   UNIF GIFT
MIN ACT - _____ Custodian ______

TEN ENT -
 as
tenants by the entireties      (Cust)  
(Minor)

JT TEN -
 as joint
tenants with right of survivorship   under
Uniform Gifts to Minors

and not
as tenants in
common                    
Act
______________

(State)

Additional
Abbreviations may also be used though not in the above list.

 

For
value received, ___________________________ hereby sell, assign and transfer
unto

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE

 

__________________________________________________________________________________________________________________________________________________________

(PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
ASSIGNEE)

Units
represented
by the within Certificate, and do hereby irrevocably constitute and
appoint

Attorney
to
transfer the said Units on the books of the within named Company will full power
of substitution in the premises.

Dated    

	 	 	                                                                                                                                                                                                                                          
    

	 	
      Notice:
	
      The
      signature to this assignment must correspond with the name as written upon
      the face of the certificate in every particular, without alteration or
      enlargement or any change whatever.

Signature(s)
Guaranteed:

 

                                                                                                                                                                                 

THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION

(BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH

MEMBERSHIP
IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,

PURSUANT
TO S.E.C. RULE 17Ad-15).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]