RRI ENERGY, INC., as guarantor PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY EXEMPT FACILITIES REVENUE BONDS (Reliant Energy Seward, LLC Project) SERIES 2002B FOURTH SUPPLEMENTAL GUARANTEE AGREEMENT Dated as of August 20, 2009 To GUARANTEE...
Exhibit 99.4
EXECUTION COPY
RRI ENERGY, INC.,
as guarantor
PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY
EXEMPT FACILITIES REVENUE BONDS
(Reliant Energy Xxxxxx, LLC Project)
SERIES 2002B
EXEMPT FACILITIES REVENUE BONDS
(Reliant Energy Xxxxxx, LLC Project)
SERIES 2002B
Dated as of August 20, 2009
To
GUARANTEE AGREEMENT
Dated as of December 22, 2004
The Bank of New York Mellon Trust Company, N.A.,
as Trustee
EXECUTION COPY
FOURTH SUPPLEMENTAL GUARANTEE AGREEMENT, dated as of August 20, 2009 (this “Supplemental
Guarantee Agreement”), between RRI Energy, Inc., a Delaware corporation, formerly named Reliant
Energy, Inc. (the “Company”), the other Subsidiary Guarantors (as defined in the Original
Guarantee Agreement referred to herein) and The Bank of New York Mellon Trust Company, N.A., as
trustee under the Indenture (as defined in the Original Guarantee Agreement) (the
“Trustee”).
W I T N E S S E T H:
WHEREAS, the Company and the Subsidiary Guarantors have heretofore executed and delivered to
the Trustee a Guarantee Agreement, dated as of December 22, 2004 (the “Original Guarantee
Agreement”), relating to the Pennsylvania Economic Development Financing Authority Exempt
Facilities Revenue Bonds (Reliant Energy Xxxxxx, LLC Project) Series 2002B, as supplemented by the
Supplemental Guarantee Agreement, dated as of September 21, 2006 among the Company, Reliant Energy
Power Supply, LLC, the other Subsidiary Guarantors and X.X. Xxxxxx Trust Company, National
Association, as trustee, the Second Supplemental Guarantee Agreement dated as of December 1, 2006
among the Company, the Subsidiary Guarantors and the Trustee, and the Third Supplemental Guarantee
Agreement, dated as of June 1, 2009 among the Company, the other Subsidiary Guarantors, RRI Energy
Solutions East, LLC and the Trustee (as so supplemented, the “Guarantee Agreement”);
WHEREAS, the Company desires to cure a defect in the definition of “Net Income” (set forth in
Section 1.01 of the Original Guarantee Agreement), by amending clause (1)(a) of such definition as
provided below;
WHEREAS, pursuant to Section 9.01(1) of the Original Guarantee Agreement, the Trustee
and the Company are authorized to execute and deliver this Supplemental Guarantee Agreement to
amend the Original Guarantee Agreement, without the consent of any Holder; and
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Company and the Trustee mutually
covenant and agree for the equal and ratable benefit of the Holders of the Series 2002B Bonds as
follows:
ARTICLE I
Definitions
As used in this Supplemental Guarantee Agreement, terms defined in the Original Guarantee
Agreement or in the preamble or recital hereto are used herein as therein defined. The words
“herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental
Guarantee Agreement refer to this Supplemental Guarantee Agreement as a whole and not to any
particular section hereof.
ARTICLE II
Amendment
The definition of “Net Income” set forth in Section 1.01 of the Original Guarantee Agreement
is hereby amended and restated as follows:
“Net Income” means, with respect to any specified Person, the net income (loss) of such
Person, determined in accordance with GAAP and before any reduction in respect of preferred
stock
dividends, excluding, however:
(1) any gain (or loss), together with any related provision for taxes on such gain
(or loss), realized in connection with:
(a) any Asset Sale, other than any portion of the gain (or loss)
attributable to xxxx-to-market earnings or losses;
(b) the disposition of any securities by such Person or any of its
Restricted Subsidiaries or the extinguishment of any Indebtedness of such
Person or any of its Restricted Subsidiaries; and
(2) any extraordinary gain (or loss), together with any related provision for taxes
on such extraordinary gain (or loss).
ARTICLE III
Miscellaneous
SECTION 3.1 Notices. All notices and other communications to the Company, Trustee or
any Holder shall be given as provided in the Original Guarantee Agreement.
SECTION 3.2 Parties. Nothing expressed or mentioned herein is intended or shall be
construed to give any Person, firm or corporation, other than the Holders and the Trustee, any
legal or equitable right, remedy or claim under or in respect of this Supplemental Guarantee
Agreement or the Guarantee Agreement or any provision herein or therein contained.
SECTION 3.3 Governing Law. This Supplemental Guarantee Agreement shall be governed
by, and construed in accordance with, the laws of the State of New York.
SECTION 3.4 Severability Clause. In case any provision in this Supplemental Guarantee
Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby and such provision
shall be ineffective only to the extent of such invalidity, illegality or unenforceability.
SECTION 3.5 Ratification of Guarantee Agreement; Supplemental Guarantee Agreement Part of
Guarantee Agreement. Except as expressly amended hereby, the Guarantee Agreement is in all
respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain
in full force and effect. This Supplemental Guarantee Agreement shall form a part of the Guarantee
Agreement for all purposes, and every Holder of the Series 2002B Bonds heretofore or hereafter
authenticated and delivered shall be bound hereby. The Trustee makes no representation or warranty
as to the validity or sufficiency of this Supplemental Guarantee Agreement.
SECTION 3.6 Counterparts. The parties hereto may sign one or more copies of this
Supplemental Guarantee Agreement in counterparts, all of which together shall constitute one and
the same agreement.
SECTION 3.7 Headings. The headings of the Articles and the sections in this
Supplemental Guarantee Agreement are for convenience of reference only and shall not be deemed to
alter or affect the meaning or interpretation of any provisions hereof.
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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Guarantee Agreement to be
duly executed as of the date first above written.
RRI ENERGY, INC., as Guarantor |
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By: | /s/ Xxxxxx X. Xxxxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxxxx | |||
Title: | Vice President and Treasurer |
Signature page to Supplemental Guarantee Agreement
RRI ENERGY ASSET MANAGEMENT, LLC |
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By: | /s/ Xxxxxxx X. Xxxxx | |||
Name: | Xxxxxxx X. Xxxxx | |||
Title: | Vice President, General Counsel and Corporate Secretary | |||
RRI ENERGY BROADBAND, INC. RRI ENERGY CALIFORNIA HOLDINGS, LLC RRI ENERGY COMMUNICATIONS, INC. RRI ENERGY COOLWATER, INC. RRI ENERGY CORPORATE SERVICES, LLC RRI ENERGY ELECTRIC SOLUTIONS, LLC RRI ENERGY ELLWOOD, INC. RRI ENERGY SOLUTIONS EAST, LLC RRI ENERGY ETIWANDA, INC. RRI ENERGY FLORIDA, LLC RRI ENERGY KEY/CON FUELS, LLC RRI ENERGY MANDALAY, INC. RRI ENERGY NORTHEAST GENERATION, INC. RRI ENERGY NORTHEAST HOLDINGS, INC. RRI ENERGY ORMOND BEACH, INC. RRI ENERGY POWER GENERATION, INC. RRI ENERGY SABINE (DELAWARE), INC. RRI ENERGY SABINE (TEXAS), INC. RRI ENERGY SERVICES, INC. RRI ENERGY SERVICES DESERT BASIN, LLC RRI ENERGY TRADING EXCHANGE, INC. RRI ENERGY VENTURES, INC. RRI ENERGY WHOLESALE GENERATION, LLC |
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By: | /s/ Xxxxxx X. Xxxxxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxxxxx | |||
Title: | Vice President and Treasurer of the corporations and limited liability companies listed above |
Signature page to Supplemental Guarantee Agreement
The Bank of New York Mellon Trust Company, N.A., as Trustee |
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By: | /s/ Xxxxxxx Xxxxx | |||
Name: | Xxxxxxx Xxxxx | |||
Title: | Vice President |
Signature page to Supplemental Guarantee Agreement