EXHIBIT 4(F)
______________________________________________________________________________
NEVADA POWER COMPANY
(formerly DESERT Merger Sub, Inc., as successor to Nevada Power Company)
to
IBJ WHITEHALL BANK & TRUST COMPANY,
as Trustee
SUPPLEMENTAL INDENTURE NO. 3
AND ASSUMPTION AGREEMENT
Dated as of July 1, 1999
Relating to
$130,000,000 6.20% Senior Unsecured Notes, Series B
______________________________________________________________________________
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SUPPLEMENTAL INDENTURE NO. 3
AND ASSUMPTION AGREEMENT
SUPPLEMENTAL INDENTURE No. 3 AND ASSUMPTION AGREEMENT, dated as of
July 1, 1999, between Nevada Power Company, a Nevada corporation formerly known
as DESERT Merger Sub, Inc., as successor to Nevada Power Company (the
"Company"), and IBJ Whitehall Bank & Trust Company, as successor to IBJ Xxxxxxxx
Bank & Trust Company, a New York banking corporation, as Trustee (the
"Trustee").
RECITALS
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WHEREAS, Nevada Power Company (the "Merged Company") has heretofore
executed and delivered to the Trustee a Senior Unsecured Note Indenture, dated
as of March 1, 1999 as amended by a Supplemental Indenture No. 1 dated as of
March 1, 1999 and as further amended by a Supplemental Indenture No. 2 dated as
of April 1, 1999 (as supplemented, the "Indenture"), pursuant to which the
Merged Company has issued its $130,000,000 principal amount 6.20% Senior
Unsecured Notes, Series B due April 15, 2004 (the "Notes"); and
WHEREAS, on April 29, 1998, the Merged Company entered into a Merger
Agreement with Sierra Pacific Resources, a Nevada utility holding company,
pursuant to which DESERT Merger Sub, Inc., a wholly owned subsidiary of Sierra
Pacific Resources, merged with the Merged Company with DESERT Merger Sub, Inc.
being the surviving corporation which surviving corporation then changed its
name to Nevada Power Company; and
WHEREAS, Section 11.01 of the Indenture provides that the Merged Company
will not merge into any other corporation unless the corporation into which the
Merged Company is merged (a) shall expressly assume, by supplemental indenture,
the due and punctual payment of the principal of and premium and interest on all
of the Notes and the performance of every covenant of the Indenture on part of
the Merged Company to be performed or observed and (b) deliver to the Trustee an
Officer's Certificate and an Opinion of Counsel each stating that all conditions
precedent to such action, if any, provided for in the Indenture has been
satisfied; and
WHEREAS, Section 12.01(4) of the Indenture provides that a supplemental
indenture may be entered into without the consent of the Holders to evidence the
succession and the assumption by a successor of all covenants under the
Indenture;
WHEREAS, the Surviving Company has determined to enter into this Agreement
to comply with said provision of Section 11.01 and Section 12.01(4) of the
Indenture.
ARTICLE 1
RELATION TO INDENTURE; DEFINITIONS
Section 1.1. This Supplemental Indenture No. 3 constitutes an integral
part of the Indenture.
Section 1.2. For all purposes of this Supplemental Indenture No. 3:
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(1) Capitalized terms used herein without definition shall have the
meanings specified in the Indenture;
(2) All references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this Supplemental
Indenture No. 3; and
(3) The terms "herein", "hereof", "hereunder" and other words of
similar import refer to this Supplemental Indenture No. 3.
ARTICLE 2
REPRESENTATIONS AND ASSUMPTION OF OBLIGATIONS
Section 2.1. The Company hereby represents that: (a) it is a corporation
duly organized and existing under the laws of the State of Nevada; and (b) there
has not been an Event of Default, and no event has occurred which, after notice
or lapse of time, or both, would become an Event of Default.
Section 2.2. The Company hereby expressly assumes the due punctual payment
of the principal of and premium and interest on the Notes and the performance of
every covenant of the Indenture.
ARTICLE 3
Miscellaneous Provisions
Section 3.1. The Indenture, as supplemented and amended by this
Supplemental Indenture No. 3, is in all respects hereby adopted, ratified and
confirmed.
Section 3.2. This Supplemental Indenture No. 3 may be executed in any
number of counterparts, each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument.
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Section 3.3. THIS SUPPLEMENTAL INDENTURE NO. 3 SHALL BE DEEMED TO BE A
CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 1 to be duly executed, as of the day and year first written above.
NEVADA POWER COMPANY
By: ______________________________
Xxxxxxx X. Xxxxxxxx
Senior Vice President
and General Counsel
Attest: _______________________
Secretary
IBJ WHITEHALL BANK & TRUST COMPANY, as
Trustee
By: _______________________________
Name:______________________________
Title:_____________________________
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