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EXHIBIT 4-225
CONFORMED COPY
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DTE CAPITAL CORPORATION
AND
DTE ENERGY COMPANY
TO
THE BANK OF NEW YORK
Trustee
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THIRD SUPPLEMENTAL INDENTURE
Dated as of April 9, 2001
Supplementing and amending the Indenture dated as of
June 15, 1998 between DTE Capital Corporation and The Bank
of New York, as Trustee, and
the First Supplemental Indenture thereto dated as of June
15, 1998 and the Second Supplemental Indenture thereto
dated as of November 1, 1998
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THIRD SUPPLEMENTAL INDENTURE, dated as of the 9th day of
April, 2001, among DTE CAPITAL CORPORATION, a corporation organized and existing
under the laws of the State of Michigan ("DTE Capital"), DTE ENERGY COMPANY, a
corporation organized and existing under the laws of the State of Michigan ("DTE
Energy"), and THE BANK OF NEW YORK, a New York banking corporation, having its
principal corporate trust office in The City of New York, New York, as trustee
(the "Trustee");
WHEREAS, DTE Capital and the Trustee are parties to that
certain Indenture dated as of June 15, 1998 (the "Original Indenture"), as
supplemented by the First Supplemental Indenture dated as of June 15, 1998 (the
"First Supplemental Indenture") and the Second Supplemental Indenture dated as
of November 1, 1998 (the "Second Supplemental Indenture" and, together with the
Original Indenture, the First Supplemental Indenture and this Third Supplemental
Indenture, the "Indenture"; provided, that effective on the Effective Date (as
defined below), subject to execution and delivery thereof by the parties
thereto, the "Indenture" shall mean the amended and restated Indenture in the
form attached hereto as Exhibit A);
WHEREAS, as of April 9, 2001 (the "Effective Date"), DTE
Capital will merge with and into DTE Energy, which will be the surviving legal
entity;
WHEREAS, DTE Capital and DTE Energy desire that, effective on
the Effective Date, DTE Energy shall assume the obligations of DTE Capital under
the Indenture and desire in furtherance thereof to amend and restate the
Indenture in the form set forth in Exhibit A hereto;
WHEREAS, Section 801 of the Original Indenture requires DTE
Energy to expressly assume the obligations of DTE Capital under the Indenture by
a supplemental indenture;
WHEREAS, pursuant to and in compliance with Section 802 of the
Original Indenture, DTE Energy shall succeed to and be substituted for DTE
Capital under the Indenture as the "Company," with the same effect as if it had
been named therein;
WHEREAS, Section 901 of the Original Indenture provides that,
without the consent of the Holders of any Securities, the Company, when
authorized by or pursuant to a Board Resolution, and the Trustee may enter into
indentures supplemental to the Indenture for the purpose of, among other things,
(i) evidencing the succession of another Person to the Company and the
assumption by any such successor of the covenants of the Company in the
Indenture and in the Securities and (ii) amending or supplementing any provision
contained in the Indenture or any supplemental indenture, provided that no such
amendment or supplement shall adversely affect the interests of the Holders of
any Securities then Outstanding in any material respect;
WHEREAS, the entry into this Third Supplemental Indenture by
the parties hereto is in all respects authorized by the provisions of the
Indenture; and
WHEREAS, all things necessary to make this Third Supplemental
Indenture a valid indenture and agreement according to its terms have been done;
NOW, THEREFORE, THIS THIRD SUPPLEMENTAL INDENTURE WITNESSETH
that, for and in consideration of the premises and of the covenants contained in
the Indenture and in this Third Supplemental Indenture and for other good and
valuable
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consideration the receipt and sufficiency of which are hereby acknowledged, it
is mutually covenanted and agreed for the equal and proportionate benefit of the
respective Holders from time to time of the Securities as follows:
ARTICLE ONE
AMENDMENT AND RESTATEMENT
Section 101. Amendment of First and Second Supplemental
Indentures. Section 801 as set forth in Article Five of each of the First
Supplemental Indenture and the Second Supplemental Indenture shall be, and
hereby is, deleted, and is hereby superseded in its entirety by Section 801 of
the Original Indenture.
Section 102. Amendment and Restatement. In furtherance of the
assumption pursuant to Section 201 below, effective on the Effective Date, the
Indenture (including each supplement thereto) shall be replaced, superseded and
restated in its entirety in the form attached hereto as Exhibit A. Subject to
execution and delivery thereof by the parties thereto, effective on the
Effective Date, the "Indenture" shall mean the Indenture as so restated and
amended.
ARTICLE TWO
ASSUMPTION
Section 201. Assumption of Obligations by DTE Energy.
Effective on the Effective Date, DTE Energy, the successor in interest of DTE
Capital, does hereby: (i) expressly assume the due and punctual payment of the
principal of (and premium, if any) and interest (including all Additional
Amounts, if any, payable pursuant to Section 1004 of the Indenture) on all the
Securities according to their tenor, and the due and punctual performance and
observance of all of the covenants and conditions of the Indenture and the
Securities to be performed or observed by the Company; and (ii) agree to succeed
to and be substituted for the Company under the Indenture with the same effect
as if it had been named therein. Thereafter, DTE Capital shall be relieved of
all obligations and covenants under the Indenture and the Securities.
ARTICLE THREE
MISCELLANEOUS PROVISIONS
Section 301. Further Assurances. DTE Energy will, upon request
by the Trustee, execute and deliver such further instruments and do such further
acts as may reasonably be necessary or proper to carry out more effectively the
purposes of this Third Supplemental Indenture.
Section 302. Other Terms of the Indenture. Except as expressly
amended hereby and subject to the amendment and restatement provided for in
Article One hereof, the Indenture shall continue in full force and effect in
accordance with the provisions thereof and the Indenture is in all respects
hereby ratified and confirmed.
Section 303. Terms Defined. Except as otherwise expressly
stated herein, all terms defined elsewhere in the Indenture shall have the same
meanings when used herein.
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Section 304. Governing Law. This Third Supplemental Indenture
shall be governed by, and construed in accordance with, the laws of the State of
New York applicable to agreements made or instruments entered into and, in each
case, performed in such state.
Section 305. Multiple Counterparts. This Third Supplemental
Indenture may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original for all purposes, but all such
counterparts shall together be deemed to constitute but one and the same
instrument.
Section 306. Responsibility of Trustee. The Trustee makes no
undertaking or representations in respect of, and shall not be responsible in
any manner whatsoever for and in respect of, the validity or sufficiency of this
Third Supplemental Indenture or the proper authorization or the due execution
hereof by the Company or for or in respect of the recitals and statements
contained herein, all of which recitals and statements are made solely by the
Company.
Section 307. Agency Appointments. DTE Energy hereby confirms
and agrees to all agency appointments made by DTE Capital under or with respect
to the Indenture or the Securities and hereby expressly assumes the due and
punctual performance and observance of all covenants and conditions to have been
performed or observed by DTE Capital contained in any agency agreement entered
into by DTE Capital under or with respect to the Indenture or the Securities.
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IN WITNESS WHEREOF, the parties hereto have caused this Third
Supplemental Indenture to be duly executed and attested, all as of the day and
year first above written.
DTE CAPITAL CORPORATION
By: /s/ X. Xxxxxx
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Name: X. Xxxxxx
Title: Assistant Treasurer
ATTEST:
By: /s/ Xxxx X. Xxxxxx
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DTE ENERGY COMPANY
By: /s/ X.X. Xxxxxx
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Name: X.X. Xxxxxx
Title: Vice President and Treasurer
ATTEST:
By: /s/ Xxxx X. Xxxxxx
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THE BANK OF NEW YORK,
as Trustee
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
Title: Assistant Vice President
ATTEST:
By: /s/ Xxxxxx Xxxxxxxxxx
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Consented to pursuant to Section 901 of
the First Supplemental Indenture as of
the day and year first above written by the undersigned
Insurer:
MBIA INSURANCE CORPORATION
By: /s/ Xxx X. Xxxxx
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Name: Xxx X. Xxxxx/Assistant Secretary
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EXHIBIT A
FORM OF AMENDED AND RESTATED INDENTURE
(Attached)
A-1
