EXHIBIT 3.4
SECOND AMENDMENT TO
LIMITED LIABILITY COMPANY AGREEMENT
THIS SECOND AMENDMENT (the "Amendment") to the Limited Liability Company
Agreement of Mirant Mid-Atlantic, LLC (f/k/a Southern Energy Mid-Atlantic, LLC)
(the "Company") dated July 12, 2000 (the "Agreement") is made and entered into
as of May 15, 2001, by the sole members of the Company, Mirant Mid-Atlantic
Investments, Inc. ("Mirant Mid-Atlantic Investments") and Mirant Mid-Atlantic
Management, Inc. ("Mirant Mid-Atlantic Management").
WHEREAS, Mirant Mid-Atlantic Investments and Mirant Mid-Atlantic
Management, as the sole members of the Company, desire to amend the Agreement in
accordance with the terms and conditions hereinafter set forth;
NOW, THEREFORE, Mirant Mid-Atlantic Investments and Mirant Mid-Atlantic
Management hereby agree as follows:
1. The following article shall be added to the Agreement and be found in
Article XIV, Section 14.13 reading as follows:
"14.13 Indemnification. The Company shall indemnify to the full extent
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permitted by the Limited Liability Company Act of the State of Delaware or
any other applicable laws as now or hereinafter in effect any person made
or threatened to be made a party to any action, suit or proceeding, whether
civil, criminal, administrative or investigative, by reason of the fact
that such person or such person's testator or intestate is or was a Member,
Manager or officer of the Company or serves or served at the request of the
Company or any other enterprise as a Member, Manager or officer. Expenses,
including attorneys' fees, incurred by any such person in defending any
such action, suit or proceeding shall be paid or reimbursed by the Company
promptly upon receipt by it of an undertaking of or on behalf of such
person to repay such amounts if it shall ultimately be determined that such
person is not entitled to be indemnified by the Company. The rights
provided to any person by this Section shall be enforceable against the
Company by such person who shall be presumed to have relied upon it in
serving or continuing to serve as a Member, Manager or officer as provided
above. No amendment of this Section shall impair the rights of any person
arising at any time with respect to events occurring prior to such
amendment. For purposes of this Section, the term "Company" shall include
any predecessor of the Company and any constituent company (including any
constituent of a constituent) absorbed by the Company in a consolidation or
merger; the term "other enterprise," shall include any corporation, limited
liability company, partnership, joint venture, trust or employee benefit
plan; service "at the request of the Company" shall include service as a
Member, Manager, officer or employee of the Company which imposes duties
on, or involves services by, such Member, Manager, officer or employee with
respect to an employee benefit plan, its participants or beneficiaries; any
excise taxes assessed on a person with respect to an employee benefit plan
shall be deemed to be indemnifiable expenses; and action by a person with
respect to an employee benefit plan
which such person reasonably believes
to be in the interest of the participants and beneficiaries of such plan
shall be deemed to be action not opposed to the best interests of the
Company. Notwithstanding the foregoing, no Member, Manager or officer
shall be indemnified against liability for any intentional misconduct, any
knowing violation of the law or any transaction in which such Member,
Manager or officer receives a personal benefit in violation or breach of
the Act or this Agreement."
2. This Amendment shall be governed by and construed in accordance with
the laws of the State of Delaware, without giving effect to its provisions
regarding conflict of laws.
3. Except as specifically amended herein, all terms of the Agreement shall
remain in full force and effect and are hereby ratified and affirmed.
IN WITNESS WHEREOF, the members of the Company have caused this Amendment
to be duly executed on the date first above written.
MIRANT MID-ATLANTIC
INVESTMENTS, INC., as Member
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
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Title: Vice President
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MIRANT MID-ATLANTIC
MANAGEMENT, INC., as Member
By: /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxx X. Xxxxx
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Title: Vice President
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