AMENDMENT NO. 1 TO REFUNDING AGREEMENT (SERIES 1999)
Exhibit 10(d)31
AMENDMENT NO. 1 TO REFUNDING AGREEMENT
(SERIES 1999)
This Amendment No. 1, effective as of October 31, 2007, to the Refunding Agreement ($22,095,000 Pollution Control Revenue Refunding Bonds, Series 1999) between the Industrial Development Board of the Parish of Calcasieu, Inc., a public corporation and instrumentality of the Parish of Calcasieu, State of Louisiana (the "Issuer") and Entergy Gulf States, Inc., a corporation of the State of Texas (the "Company"), dated as of May 1, 1998 (the "Refunding Agreement"), is entered into among the Issuer, the Company and The Bank of New York, as Trustee under the Trust Indenture, dated as of May 1, 1998, between the Issuer and the Trustee (the "Indenture"). All capitalized terms not herein defined shall have the meanings assigned to them in the Indenture.
WHEREAS, Section 10.4 of the Refunding Agreement provides that the Refunding Agreement may not be effectively amended, changed, modified, altered or terminated except in accordance with the provisions of the Indenture, and no amendment to the Refunding Agreement shall be binding upon either party to the Refunding Agreement until such amendment is reduced to writing and executed by both parties thereto;
WHEREAS, Section 13.1 of the Indenture provides that the Trustee may from time to time, and at any time, consent to any amendment, change or modification of the Refunding Agreement for the purpose of curing any ambiguity or formal defect or omission or making any other change therein which, in the reasonable judgment of the Trustee, is not to the prejudice of the Trustee or the holders of the Bonds;
WHEREAS, Section 13.3 of the Indenture provides that any amendment to the Refunding Agreement shall not become effective unless and until the Trustee shall have received an opinion of Bond Counsel to the effect that such amendment will not adversely affect the exclusion of interest on the Bonds from gross income for purpose of federal income taxation; and
WHEREAS, the Issuer, the Company and the Trustee now desire to amend the Refunding Agreement to cure ambiguity or to make a change which is not to the prejudice of the Trustee or the holders of the Bonds.
NOW, THEREFORE, in consideration of the premises and the covenants and undertakings herein expressed, the parties hereto agree as follows:
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AMENDMENTS TO THE REFUNDING AGREEMENT
SECTION 1. Section 1.1 of Article I of the Refunding Agreement is hereby modified by adding a definition of a "Corporation" after the definition of "Company Mortgage Trustee" to read as follows:
" 'Corporation' and 'corporation' mean a corporation, association, company (including, without limitation, limited liability company) or business trust, in each case whose powers and purposes include performance of the Company's obligations under the Refunding Agreement, and references to 'corporate' and other derivations of 'corporation' herein shall be deemed to include appropriate derivations of such entities."
SECTION 2. (A) In furtherance of the foregoing, references in the Refunding Agreement to the corporate nature of the Company's existence shall, upon and after giving effect to a consolidation of the Company with, or merger of the Company with or into, or sale or other transfer of all or substantially all of its assets, as the case may be, be deemed to refer to the successor corporation.
(B) The Refunding Agreement shall be deemed amended and modified to the extent necessary to give effect to the foregoing. Except as amended and modified hereby, the Refunding Agreement shall remain in full force and effect.
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REPRESENTATIONS OF the ISSUER AND THE COMPANY
SECTION 1. Relying upon certain representations of the Company, the Issuer hereby represents that this Amendment No. 1 has been permitted by Article XIII of the Indenture, has been duly authorized by the Issuer and all things necessary to make it a valid and binding agreement have been done, and the Issuer has obtained an opinion of Bond Counsel to the same effect.
SECTION 2. The Company hereby represents that the execution and delivery by the Company of this Amendment No. 1 has been duly authorized by the Board of Directors of the Company by appropriate resolutions of said Board of Directors.
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MISCELLANEOUS
SECTION 1. Whenever in this Amendment No. 1 either of the parties hereto is named or referred to, this shall be deemed to include the successors and assigns of such party, and all covenants and agreements in this Amendment No. 1 contained by or on behalf of the Company, or by or on behalf of the Issuer or the Trustee, shall bind and inure to the respective benefits of the respective successors and assigns of such parties, whether so expressed or not.
SECTION 2. This Amendment No. 1 shall be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.
SECTION 3. The recitals contained in this Amendment No. 1 shall be taken as the statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Amendment No. 1.
[Signature Page Follows]
IN WITNESS WHEREOF, the Issuer, the Company and the Trustee have caused this Amendment No. 1 to be executed in their respective corporate names and their respective corporate seals to be hereunto affixed and attested by their duly authorized officers, all as of the date first above written.
INDUSTRIAL DEVELOPMENT BOARD
OF THE PARISH OF CALCASIEU, INC.
By:/s/ W. Xxxxx Xxxxxxx
President
Attest:
/s/ Xxxxx X. Xxxxx Xx.
Secretary-Treasurer
ENTERGY GULF STATES, INC.
By: /s/ Xxxxxx X. XxXxxx
Xxxxxx X. XxXxxx
Vice President and Treasurer
Attest:
/s/ Xxxx X. Abuso
Xxxx X. Abuso
Assistant Secretary
THE BANK OF NEW YORK
As Trustee
By: /s/ Xxxxxx X. Xxxxxxxxxx
Xxxxxx X. Xxxxxxxxxx
Vice President
Attest:
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Vice President
Executed sealed and delivered by
THE BANK OF NEW YORK
in the presence of:
/s/ Xxxxxxxx Xxxxx
Xxxxxxxx Xxxxx
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
STATE OF LOUISIANA
} ss.:
PARISH OF CALCASIEU
On this 12th day of July, 2007, before me, the undersigned authority, duly commissioned, qualified and sworn within and for the State and Parish aforesaid, personally appeared W. Xxxxx Xxxxxxx and Xxxxx X. Xxxxx Xx. to me known to be the identical persons who executed the foregoing instrument, who declared and acknowledged to me, Notary, in the presence of the undersigned competent witnesses, that they are the President and the Secretary-Treasurer of the Industrial Development Board of the Parish of Calcasieu, Inc. (the "Issuer"), respectively; that the seal impressed beside their signatures on the foregoing instrument is the official seal of the Issuer; that the aforesaid instrument was signed and sealed by them on this date on behalf of the Issuer; and that the above-named persons acknowledge said instrument to be the free act and deed of the Issuer.
/s/ W. Xxxxx Xxxxxxx
W. Xxxxx Xxxxxxx
President
/s/ Xxxxx X. Xxxxx Xx.
Xxxxx X. Xxxxx Xx.
Secretary-Treasurer
WITNESSES:
/s/ Xxxxx X. Xxxxxxxx
/s/ Xxxxxx Xxxxxx
/s/ Xxxxxxx Xxx Xxxxxxxxx
Xxxxxxx Xxx Xxxxxxxxx
Notary Public
Bar Roll #13062
Parish of Calcasieu, State of Louisiana
My Commission is Issued for Life
STATE OF LOUISIANA
} ss.:
PARISH OF ORLEANS
On this 29th day of October, 2007, before me, the undersigned authority, duly commissioned, qualified and sworn within and for the State and Parish aforesaid, personally appeared Xxxxxx X. XxXxxx and Xxxx X. Abuso to me known to be the identical persons who executed the foregoing instrument, who declared and acknowledged to me, Notary, in the presence of the undersigned competent witnesses, that they are the Vice President and Treasurer and Assistant Secretary of Entergy Gulf States, Inc. (the "Company"), respectively; that the seal impressed beside their signatures on the foregoing instrument is the official seal of the Company; that the aforesaid instrument was signed and sealed by them on this date on behalf of the Company; and that the above-named persons acknowledge said instrument to be the free act and deed of the Company.
/s/ Xxxxxx X. XxXxxx
Xxxxxx X. XxXxxx
Vice President and Treasurer
/s/ Xxxx X. Abuso
Xxxx X. Abuso
Assistant Secretary
WITNESSES:
/s/ Xxxxx Xxxxxxxxx
Xxxxx Xxxxxxxxx
/s/ Xxxxxxxxx X. Xxxxxxx
Xxxxxxxxx X. Xxxxxxx
/s/ Xxxx Xxxxxxx Xxxx
Xxxx Xxxxxxx Xxxx
Notary Public
Parish of Orleans, State of Louisiana
My Commission expires at my death.
Attorney Bar Roll Xx. 00000
XXXXX XX XXX XXXX
} ss.:
COUNTY OF NEW YORK
On this 29th day of October, 2007, before me, the undersigned authority, duly commissioned, qualified and sworn within and for the State and County aforesaid, personally appeared Xxxxxx X. Xxxxxxxxxx and Xxxxx Xxxxxxx to me known to be the identical persons who executed the foregoing instrument, who declared and acknowledged to me, Notary, in the presence of the undersigned competent witnesses, that they are Vice President and Vice President of The Bank of New York, as trustee (the "Trustee"), respectively; that the seal impressed beside their signatures on the foregoing instrument is the official seal of the Trustee; that the aforesaid instrument was signed and sealed by them on this date on behalf of the Trustee; and that the above-named persons acknowledge said instrument to be the free act and deed of the Trustee.
/s/ Xxxxxx X. Xxxxxxxxxx
Xxxxxx X. Xxxxxxxxxx
Vice President
/s/ Xxxxx Xxxxxxx
Xxxxx Xxxxxxx
Vice President
WITNESSES:
/s/ Xxxxxxxx Xxxxx
Xxxxxxxx Xxxxx
/s/ Xxxxxxx Xxxxx
Xxxxxxx Xxxxx
/s/ Xxxxxxxxx X. Xxxxxx
Xxxxxxxxx X. Xxxxxx
Notary Public, State of New York
No. 01CO-4774419
Qualified in
Queens County
Commission Expires
3/30/2010
