NRG ENERGY, INC. $1,100,000,000 8.25% Senior Notes Due 2020 REGISTRATION RIGHTS AGREEMENT
Exhibit 10.1
$1,100,000,000 8.25% Senior Notes Due 2020
8.25% Senior Notes due 2020
August 20, 2010
Citigroup Global Markets Inc.
Banc of America Securities LLC
Deutsche Bank Securities Inc.
As Representatives of the Initial Purchasers
c/o Citigroup Global Markets Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Banc of America Securities LLC
Deutsche Bank Securities Inc.
As Representatives of the Initial Purchasers
c/o Citigroup Global Markets Inc.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
NRG Energy, Inc., a corporation organized under the laws of Delaware (the “Company”), proposes
to issue and sell to certain purchasers (the “Initial Purchasers”), for whom you (the
“Representatives”) are acting as representatives, its 8.25% Senior Notes due 2020 (the “Notes”),
upon the terms set forth in a purchase agreement (the “Purchase Agreement”) dated as of August 20,
2010, among the Representatives, the Company and the guarantors listed on the signature pages
thereto (the “Guarantors” and together with the Company, the “Issuers”) relating to the initial
placement of the Notes (the “Initial Placement”). The Company’s obligations under the Notes and
the Indenture (as defined below) will be jointly and severally, unconditionally guaranteed (the
“Guarantees”), on a senior basis, by the Guarantors. The Notes and the Guarantees are herein
referred to as the “Securities”. The Securities are to be issued under a supplemental indenture,
to be dated the Closing Date, to a base indenture, dated as of February 2, 2006, in each case
between the Company and Law Debenture Trust Company, as trustee (the “Trustee”); such supplemental
indenture, together with such base indenture, is referred to herein as (the “Indenture”). To induce
the Initial Purchasers to enter into the Purchase Agreement and to satisfy a condition of your
obligations thereunder, the Issuers agree with you for your benefit and the benefit of the holders
from time to time of the Securities and New Securities (including the Initial Purchasers) (each a
“Holder” and, together, the “Holders”), as follows:
1. Definitions. Capitalized terms used herein without definition shall have their
respective meanings set forth in the Purchase Agreement. As used in this Agreement, the following
capitalized defined terms shall have the following meanings:
“Act” shall mean the Securities Act of 1933, as amended, and the rules and regulations of the
Commission promulgated thereunder.
“Affiliate” shall have the meaning specified in Rule 405 under the Act and the terms
“controlling” and “controlled” shall have meanings correlative thereto.
“Broker-Dealer” shall mean any broker or dealer registered as such under the Exchange Act.
“Business Day” shall mean any day other than a Saturday, a Sunday or a legal holiday or a day
on which banking institutions or trust companies are authorized or obligated by law to close in New
York City.
“Closing Date” shall mean the date of the first issuance of the Securities.
“Commission” shall mean the Securities and Exchange Commission.
“Deferral Period” shall have the meaning indicated in Section 4(k)(ii) hereof.
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the Commission promulgated thereunder.
“Exchange Offer Registration Period” shall mean the one-year period following the consummation
of the Registered Exchange Offer, exclusive of any period during which any stop order shall be in
effect suspending the effectiveness of the Exchange Offer Registration Statement.
“Exchange Offer Registration Statement” shall mean a registration statement of the Issuers on
an appropriate form under the Act with respect to the Registered Exchange Offer, all amendments and
supplements to such registration statement, including post-effective amendments thereto, in each
case including the Prospectus contained therein, all exhibits thereto and all material incorporated
by reference therein.
“Exchanging Dealer” shall mean any Holder (which may include any Initial Purchaser) that is a
Broker-Dealer and elects to exchange for New Securities any Securities that it acquired for its
own account as a result of market-making activities or other trading activities (but not directly
from any Issuer or any Affiliate of any Issuer) for New Securities.
“Final Memorandum” shall have the meaning set forth in the Purchase Agreement.
“Guarantees” shall have the meaning set forth in the preamble hereto.
“Guarantors” Shall have the meaning set forth in the preamble hereto.
“Holder” shall have the meaning set forth in the preamble hereto.
“Indenture” shall have the meaning set forth in the preamble hereto.
“Initial Placement” shall have the meaning set forth in the preamble hereto.
“Initial Purchaser” shall have the meaning set forth in the preamble hereto.
“Issuers” shall have the meaning set forth in the preamble hereto.
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“Losses” shall have the meaning set forth in Section 6(d) hereof.
“Majority Holders” shall mean, the Holders of a majority of the aggregate principal amount of
Securities and New Securities registered under a Registration Statement.
“Managing Underwriters” shall mean the investment banker or investment bankers and manager or
managers that administer an underwritten offering, if any, under a Registration Statement.
“New Securities” shall mean debt securities of the Issuers identical in all material respects
to the Securities (except that the transfer restrictions shall be modified or eliminated, as
appropriate) to be issued under the New Securities Indenture.
“New Securities Indenture” shall mean an indenture among the Issuers and the New Securities
Trustee, identical in all material respects to the Indenture (except that the transfer restrictions
shall be modified or eliminated, as appropriate), which may be the Indenture if in the terms
thereof appropriate provision is made for the New Securities.
“New Securities Trustee” shall mean a bank or trust company reasonably satisfactory to the
Initial Purchasers, as trustee with respect to the New Securities under the New Securities
Indenture.
“Notes” shall have the meaning set forth in the preamble hereto.
“Prospectus” shall mean the prospectus included in any Registration Statement (including,
without limitation, a prospectus that discloses information previously omitted from a prospectus
filed as part of an effective registration statement in reliance upon Rule 430A under the Act), as
amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Securities or the New Securities covered by such Registration Statement, and all
amendments and supplements thereto, including any and all exhibits thereto and any information
incorporated by reference therein.
“Purchase Agreement” shall have the meaning set forth in the preamble hereto.
“Registered Exchange Offer” shall mean the proposed offer of the Issuers to issue and deliver
to the Holders of the Securities that are not prohibited by any law or policy of the Commission
from participating in such offer, in exchange for the Securities, a like aggregate principal amount
of the New Securities.
“Registrable Securities” shall mean each of the Notes (and the related Guarantee) until (A)
the date on which such Note (and the related Guarantee) has been exchanged by a Person other than a
broker-dealer for a New Security in the Registered Exchange Offer; (B) following the exchange by a
broker-dealer in the Registered Exchange Offer of Note (and the related Guarantee) for a New
Security, the date on which New Security is sold to a purchaser who receives from such
broker-dealer on or prior to the date of such sale a copy of the prospectus contained in the
Exchange Offer Registration Statement; (C) the date on which such Note (and the related Guarantee)
has been effectively registered under the Securities Act and disposed of in accordance with the
Shelf Registration Statement; or (D) the date on which such
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Note (and the related Guarantee) is actually sold pursuant to Rule 144 under the Securities
Act; provided that a Note will not cease to be a Registrable Security for purposes of the
Registered Exchange Offer by virtue of this clause (D).
“Special Interest” shall have the meaning set forth in Section 8 hereof.
“Registration Statement” shall mean any Exchange Offer Registration Statement or Shelf
Registration Statement that covers any of the Securities or the New Securities pursuant to the
provisions of this Agreement, any amendments and supplements to such registration statement,
including post-effective amendments (in each case including the Prospectus contained therein), all
exhibits thereto and all material incorporated by reference therein.
“Securities” shall have the meaning set forth in the preamble hereto.
“Shelf Registration” shall mean a registration effected pursuant to Section 3 hereof.
“Shelf Registration Period” shall have the meaning set forth in Section 3(b) hereof.
“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuers
pursuant to the provisions of Section 3 hereof which covers some or all of the Securities or New
Securities, as applicable, on an appropriate form under Rule 415 under the Act, or any similar rule
that may be adopted by the Commission, amendments and supplements to such registration statement,
including post-effective amendments, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated by reference therein.
“Trustee” shall have the meaning set forth in the preamble hereto.
“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended, and the rules
and regulations of the Commission promulgated thereunder.
“underwriter” shall mean any underwriter of Securities in connection with an offering thereof
under a Shelf Registration Statement.
2. Registered Exchange Offer.
(a) Unless prohibited by applicable law or regulations of the Commission, the Issuers shall
prepare and, not later than 180 days following the Closing Date, shall file with the Commission the
Exchange Offer Registration Statement with respect to the Registered Exchange Offer. The Issuers
shall use all commercially reasonable efforts to have the Exchange Offer Registration Statement
declared effective under the Act within 270 days of the Closing Date.
(b) Upon the effectiveness of the Exchange Offer Registration Statement, the Issuers shall
promptly commence the Registered Exchange Offer and shall use all commercially reasonable efforts
to issue the New Securities within 30 Business Days, or longer, if required by applicable
securities laws, it being the objective of such Registered Exchange Offer to enable
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each Holder electing to exchange Securities for New Securities (assuming that such Holder is
not an Affiliate of any of the Issuers, acquires the New Securities in the ordinary course of such
Holder’s business, has no arrangements with any person to participate in the distribution of the
New Securities and is not prohibited by any law or policy of the Commission from participating in
the Registered Exchange Offer) to trade such New Securities from and after their receipt without
any limitations or restrictions under the Act and without material restrictions under the
securities laws of a substantial proportion of the several states of the United States.
(c) In connection with the Registered Exchange Offer, the Issuers shall:
(i) mail to each Holder a copy of the Prospectus forming part of the Exchange
Offer Registration Statement, together with an appropriate letter of transmittal and
related documents;
(ii) keep the Registered Exchange Offer open for not less than 20 Business Days
and not more than 30 Business Days after the date notice thereof is mailed to the
Holders (or, in each case, longer if required by applicable law);
(iii) use their best efforts to keep the Exchange Offer Registration Statement
continuously effective, supplemented and amended as required, under the Act in order
to ensure that it is available for sales of New Securities by Exchanging Dealers
during the Exchange Offer Registration Period;
(iv) utilize the services of a depositary for the Registered Exchange Offer
with an address in the Borough of Manhattan in New York City, which may be the
Trustee, the New Securities Trustee or an Affiliate of either of them;
(v) permit Holders to withdraw tendered Securities at any time prior to the
close of business, New York time, on the last Business Day on which the Registered
Exchange Offer is open;
(vi) prior to effectiveness of the Exchange Offer Registration Statement,
provide a supplemental letter to the Commission (A) stating that the Issuers are
conducting the Registered Exchange Offer in reliance on the position of the
Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988)
and Xxxxxx Xxxxxxx and Co., Inc. (pub. avail. June 5, 1991); and (B)
including a representation that the Issuers have not entered into any arrangement or
understanding with any person to distribute the New Securities to be received in the
Registered Exchange Offer and that, to the best of the Issuers’ information and
belief, each Holder participating in the Registered Exchange Offer is acquiring the
New Securities in the ordinary course of business and has no arrangement or
understanding with any person to participate in the distribution of the New
Securities; and
(vii) comply in all respects with all applicable laws.
(d) As soon as practicable after the close of the Registered Exchange Offer, the Issuers
shall:
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(i) accept for exchange all Securities tendered and not validly withdrawn
pursuant to the Registered Exchange Offer;
(ii) deliver to the Trustee for cancellation in accordance with Section 4(s)
all Securities so accepted for exchange; and
(iii) cause the New Securities Trustee promptly to authenticate and deliver to
each Holder of Securities a principal amount of New Securities equal to the
principal amount of the Securities of such Holder so accepted for exchange.
(e) Each Holder hereby acknowledges and agrees that any Broker-Dealer and any such Holder
using the Registered Exchange Offer to participate in a distribution of the New Securities (x)
could not under Commission policy as in effect on the date of this Agreement rely on the position
of the Commission in Exxon Capital Holdings Corporation (pub. avail. May 13, 1988) and
Xxxxxx Xxxxxxx and Co., Inc. (pub. avail. June 5, 1991), as interpreted in the Commission’s
letter to Shearman & Sterling dated July 2, 1993 and similar no-action letters; and (y) must comply
with the registration and prospectus delivery requirements of the Act in connection with any
secondary resale transaction, which must be covered by an effective registration statement
containing the selling security holder information required by Item 507 or 508, as applicable, of
Regulation S-K under the Act if the resales are of New Securities obtained by such Holder in
exchange for Securities acquired by such Holder directly from any Issuer or one of its Affiliates.
Accordingly, each Holder participating in the Registered Exchange Offer shall be required to
represent to the Issuers that, at the time of the consummation of the Registered Exchange Offer:
(i) any New Securities received by such Holder will be acquired in the ordinary
course of business;
(ii) such Holder will have no arrangement or understanding with any person to
participate in the distribution of the Securities or the New Securities within the
meaning of the Act; and
(iii) such Holder is not an Affiliate of any Issuer.
(f) If any Initial Purchaser determines that it is not eligible to participate in the
Registered Exchange Offer with respect to the exchange of Securities constituting any portion of an
unsold allotment, at the request of such Initial Purchaser, the Issuers shall issue and deliver to
such Initial Purchaser or the person purchasing New Securities registered under a Shelf
Registration Statement as contemplated by Section 3 hereof from such Initial Purchaser, in exchange
for such Securities, a like principal amount of New Securities. The Issuers shall use their best
efforts to cause the CUSIP Service Bureau to issue the same CUSIP number for such New Securities as
for New Securities issued pursuant to the Registered Exchange Offer.
3. Shelf Registration.
(a) If (i) because the Registered Exchange Offer is not permitted by applicable law or SEC
policy, the Issuers are not (A) required to file the Exchange Offer Registration Statement or (B)
permitted to consummate the Registered Exchange Offer or (ii) any holder of
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Registrable Securities notifies the Company prior to the 20th Business Day
following consummation of the Registered Exchange Offer that (A) it is prohibited by law or SEC
policy from participating in the Exchange Offer, (B) it may not resell the New Securities acquired
by it in the Registered Exchange Offer to the public without delivering a prospectus and the
prospectus contained in the Exchange Offer Registration Statement is not appropriate or available
for such resales; or (C) it is a broker-dealer and owns Securities acquired directly from the
Company or an Affiliate of the Company, the Issuers shall effect a Shelf Registration Statement in
accordance with subsection (b) below.
(b) If obligated to file the Shelf Registration Statement, as applicable, the Issuers shall
use all commercially reasonable efforts to file the Shelf Registration Statement with the
Commission within 30 days after such obligation arises and shall use all commercially reasonable
efforts to cause the Shelf Registration Statement to be declared effective under the Act within 90
days after such obligation arises; such Shelf Registration Statement shall relate to the offer and
sale of the Securities or the New Securities, as applicable, by the Holders thereof from time to
time in accordance with the methods of distribution elected by such Holders and set forth in such
Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser)
shall be entitled to have the Securities held by it covered by such Shelf Registration Statement
unless such Holder agrees in writing to be bound by all of the provisions of this Agreement
applicable to such Holder; and provided further, that with respect to New Securities received by an
Initial Purchaser in exchange for Securities constituting any portion of an unsold allotment, the
Issuers may, if permitted by current interpretations by the Commission’s staff, file a
post-effective amendment to the Exchange Offer Registration Statement containing the information
required by Item 507 or 508 of Regulation S-K, as applicable, in satisfaction of their obligations
under this subsection with respect thereto, and any such Exchange Offer Registration Statement, as
so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a
Shelf Registration Statement.
(i) The Issuers shall use their best efforts to keep the Shelf Registration
Statement continuously effective, supplemented and amended as required by the Act,
in order to permit the Prospectus forming part thereof to be usable by Holders for a
period (the “Shelf Registration Period”) from the date the Shelf Registration
Statement is declared effective by the Commission until (A) the second anniversary
thereof or (B) the date upon which all the Securities or New Securities, as
applicable, covered by the Shelf Registration Statement have been sold pursuant to
the Shelf Registration Statement. The Issuers shall be deemed not to have used
their best efforts to keep the Shelf Registration Statement effective during the
Shelf Registration Period if any of them voluntarily take any action that would
result in Holders of Securities covered thereby not being able to offer and sell
such Securities during the Shelf Registration Period, unless such action is
(x) required by applicable law or otherwise undertaken by the Issuers in good faith
and for valid business reasons (not including avoidance of such Issuer’s obligations
hereunder), including the acquisition or divestiture of assets, and (y) permitted
pursuant to Section 4(k)(ii) hereof.
(ii) The Issuers shall cause the Shelf Registration Statement and the related
Prospectus and any amendment or supplement thereto, as of the effective
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date of the Shelf Registration Statement or such amendment or supplement, (A)
to comply in all material respects with the applicable requirements of the Act; and
(B) not to contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary in order to make the
statements therein (in the case of the Prospectus, in the light of the circumstances
under which they were made), not misleading.
4. Additional Registration Procedures. In connection with any Shelf Registration
Statement and, to the extent applicable, any Exchange Offer Registration Statement, the following
provisions shall apply.
(a) The Issuers shall:
(i) furnish to each of the Representatives and to counsel for the Holders, not
less than five Business Days prior to the filing thereof with the Commission, a copy
of the Exchange Offer Registration Statement or the Shelf Registration Statement, as
the case may be, and each amendment thereto and each amendment or supplement, if
any, to the Prospectus included therein (including all documents incorporated by
reference therein after the initial filing) and shall use their best efforts to
reflect in each such document, when so filed with the Commission, such comments as
the Representatives reasonably propose;
(ii) include the information set forth in Annex A hereto on the facing page of
the Exchange Offer Registration Statement, in Annex B hereto in the forepart of the
Exchange Offer Registration Statement in a section setting forth details of the
Exchange Offer, in Annex C hereto in the underwriting or plan of distribution
section of the Prospectus contained in the Exchange Offer Registration Statement,
and in Annex D hereto in the letter of transmittal delivered pursuant to the
Registered Exchange Offer;
(iii) if requested by an Initial Purchaser, include the information required by
Item 507 or 508 of Regulation S-K, as applicable, in the Prospectus contained in the
Exchange Offer Registration Statement; and
(iv) in the case of a Shelf Registration Statement, include the names of the
Holders that propose to sell Securities pursuant to the Shelf Registration Statement
as selling security holders.
(b) The Issuers shall ensure that:
(i) any Registration Statement, any amendment thereto, any Prospectus forming
part thereof and any amendment or supplement thereto complies in all material
respects with the Act; and
(ii) any Registration Statement and any amendment thereto does not, when it
becomes effective, contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein not misleading.
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(c) The Issuers shall advise the Representatives, the Holders of Securities covered by any
Shelf Registration Statement and any Exchanging Dealer under any Exchange Offer Registration
Statement that has provided in writing to the Issuers a telephone or facsimile number and address
for notices, and, if requested by any Representative or any such Holder or Exchanging Dealer, shall
confirm such advice in writing (which notice pursuant to clauses (ii)-(v) of this Section 4(c)
shall be accompanied by an instruction to suspend the use of the Prospectus until the Issuers shall
have remedied the basis for such suspension):
(i) when a Registration Statement or any amendment thereto has been filed with
the Commission and when the Registration Statement or any post-effective amendment
thereto has become effective;
(ii) of any request by the Commission for any amendment or supplement to the
Registration Statement or the Prospectus or for additional information;
(iii) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement or the initiation or threatening of any
proceedings for that purpose;
(iv) of the receipt by any Issuer of any notification with respect to the
suspension of the qualification of the securities included therein for sale in any
jurisdiction or the initiation or threatening of any proceedings for such purpose;
and
(v) of the happening of any event that requires any change in the Registration
Statement or the Prospectus so that, as of such date, they (A) do not contain any
untrue statement of a material fact and (B) do not omit to state a material fact
required to be stated therein or necessary to make the statements therein (in the
case of the Prospectus, in the light of the circumstances under which they were
made) not misleading.
(d) The Issuers shall use its best efforts to prevent the issuance of any order suspending the
effectiveness of any Registration Statement or the qualification of the securities therein for sale
in any jurisdiction and, if issued, to obtain as soon as possible the withdrawal thereof.
(e) The Issuers shall furnish to each Holder of Securities covered by any Shelf Registration
Statement, without charge, at least one copy of such Shelf Registration Statement and any
post-effective amendment thereto, including all material incorporated therein by reference, and, if
the Holder so requests in writing, all exhibits thereto (including exhibits incorporated by
reference therein).
(f) The Issuers shall, during the Shelf Registration Period, deliver to each Holder of
Securities covered by any Shelf Registration Statement, without charge, as many copies of the
Prospectus (including the Preliminary Prospectus) included in such Shelf Registration Statement and
any amendment or supplement thereto as such Holder may reasonably request. The Issuers consent to
the use of the Prospectus or any amendment or supplement thereto by each of the
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selling Holders of Securities in connection with the offering and sale of the Securities
covered by the Prospectus, or any amendment or supplement thereto, included in the Shelf
Registration Statement.
(g) The Issuers shall furnish to each Exchanging Dealer which so requests, without charge, at
least one copy of the Exchange Offer Registration Statement and any post-effective amendment
thereto, including all material incorporated by reference therein, and, if the Exchanging Dealer so
requests in writing, all exhibits thereto (including exhibits incorporated by reference therein).
(h) The Issuers shall promptly deliver to each Initial Purchaser, each Exchanging Dealer and
each other person required to deliver a Prospectus during the Exchange Offer Registration Period,
without charge, as many copies of the Prospectus included in such Exchange Offer Registration
Statement and any amendment or supplement thereto as any such person may reasonably request. The
Issuers consent to the use of the Prospectus or any amendment or supplement thereto by any Initial
Purchaser, any Exchanging Dealer and any such other person that may be required to deliver a
Prospectus following the Registered Exchange Offer in connection with the offering and sale of the
New Securities covered by the Prospectus, or any amendment or supplement thereto, included in the
Exchange Offer Registration Statement.
(i) Prior to the Registered Exchange Offer or any other offering of Securities pursuant to any
Registration Statement, the Issuers shall arrange, if necessary, for the qualification of the
Securities or the New Securities for sale under the laws of such jurisdictions as any Holder shall
reasonably request and shall maintain such qualification in effect so long as required; provided
that in no event shall any issuer be obligated to qualify to do business in any jurisdiction where
it is not then so qualified or to take any action that would subject it to service of process in
suits, other than those arising out of the Initial Placement, the Registered Exchange Offer or any
offering pursuant to a Shelf Registration Statement, in any such jurisdiction where it is not then
so subject.
(j) The Issuers shall cooperate with the Holders to facilitate the timely preparation and
delivery of certificates representing New Securities or Securities to be issued or sold pursuant to
any Registration Statement free of any restrictive legends and in such denominations and registered
in such names as Holders may request.
(k)
(i) Upon the occurrence of any event contemplated by subsections (c)(ii)
through (v) above, the Issuers shall promptly (or within the
time period provided for by clause (ii) hereof, if applicable) prepare a
post-effective amendment to the applicable Registration Statement or an amendment or
supplement to the related Prospectus or file any other required document so that, as
thereafter delivered to Initial Purchasers of the securities included therein, the
Prospectus will not include an untrue statement of a material fact or omit to state
any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading. In such circumstances,
the period of effectiveness of the Exchange Offer Registration
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Statement provided for in Section 2 shall be extended by the number of days
from and including the date of the giving of a notice of suspension pursuant to
Section 4(c) to and including the date when the Initial Purchasers, the Holders and
any known Exchanging Dealer shall have received such amended or supplemented
Prospectus pursuant to this Section 4.
(ii) Upon the occurrence or existence of any pending corporate development or
any other material event that, in the reasonable judgment of the any Issuer, makes
it appropriate to suspend the availability of a Shelf Registration Statement and the
related Prospectus, the Issuer’s shall give notice (without notice of the nature or
details of such events) to the Holders that the availability of the Shelf
Registration is suspended and, upon actual receipt of any such notice, each Holder
agrees not to sell any Registrable Securities pursuant to the Shelf Registration
until such Holder’s receipt of copies of the supplemented or amended Prospectus
provided for in Section 3(i) hereof, or until it is advised in writing by any Issuer
that the Prospectus may be used, and has received copies of any additional or
supplemental filings that are incorporated or deemed incorporated by reference in
such Prospectus. The period during which the availability of the Shelf Registration
and any Prospectus is suspended (the “Deferral Period”) shall not exceed 45 days in
any three-month period or 90 days in any twelve-month period.
(l) Not later than the effective date of any Registration Statement, the Issuers shall provide
a CUSIP number for the Securities or the New Securities, as the case may be, registered under such
Registration Statement and provide the Trustee with printed certificates for such Securities or New
Securities, in a form eligible for deposit with The Depository Trust Company.
(m) The Issuers shall comply with all applicable rules and regulations of the Commission and
shall make generally available to their security holders an earnings statement satisfying the
provisions of Section 11(a) of the Act as soon as practicable after the effective date of the
applicable Registration Statement and in any event no later than 45 days after the end of a
12-month period (or 90 days, if such period is a fiscal year) beginning with the first month of the
Company’s first fiscal quarter commencing after the effective date of the applicable Registration
Statement.
(n) The Issuers shall cause the Indenture or the New Securities Indenture, as the case may be,
to be qualified under the Trust Indenture Act in a timely manner.
(o) The Issuers may require each Holder of securities to be sold pursuant to any Shelf
Registration Statement to furnish to the Issuers such information regarding the Holder and the
distribution of such securities as the Issuers may from time to time reasonably require for
inclusion in such Registration Statement. The Issuers may exclude from such Shelf Registration
Statement the Securities of any Holder that unreasonably fails to furnish such information within a
reasonable time after receiving such request.
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(p) In the case of any Shelf Registration Statement, the Issuers shall enter into customary
agreements (including if requested, an underwriting agreement in customary form) and take all other
appropriate actions in order to expedite or facilitate the registration or the disposition of the
Securities, and in connection therewith, if an underwriting agreement is entered into, cause the
same to contain indemnification provisions and procedures no less favorable than those set forth in
Section 6 hereof.
(q) In the case of any Shelf Registration Statement, the Issuers shall:
(i) make reasonably available for inspection by the Holders of Securities to be
registered thereunder, any underwriter participating in any disposition pursuant to
such Shelf Registration Statement, and any attorney, accountant or other agent
retained by the Holders or any such underwriter all relevant financial and other
records and pertinent corporate documents of the Issuers and their subsidiaries;
(ii) cause the officers, directors, employees, accountants and auditors of any
Issuer to supply all relevant information reasonably requested by the Holders or any
such underwriter, attorney, accountant or agent in connection with any such Shelf
Registration Statement as is customary for similar due diligence examinations;
(iii) make such representations and warranties to the Holders of Securities
registered thereunder and the underwriters, if any, in form, substance and scope as
are customarily made by issuers to underwriters in primary underwritten offerings
and covering matters including, but not limited to, those set forth in the Purchase
Agreement;
(iv) obtain opinions of counsel to the Issuers and updates thereof (which
counsel and opinions (in form, scope and substance) shall be reasonably satisfactory
to the Managing Underwriters, if any) addressed to each selling Holder and the
underwriters, if any, covering such matters as are customarily covered in opinions
requested in underwritten offerings and such other matters as may be reasonably
requested by such Holders and underwriters;
(v) obtain “comfort” letters and updates thereof from the independent certified
public accountants of the Company (and, if necessary, any other independent
certified public accountants of any subsidiary of the Company or of any business
acquired by the Company for which financial statements and financial data are, or
are required to be, included in the Shelf Registration Statement), addressed to each
selling Holder registered thereunder and the underwriters, if any, in customary form
and covering matters of the type customarily covered in “comfort” letters in
connection with primary underwritten offerings; and
(vi) deliver such documents and certificates as may be reasonably requested by
the Majority Holders or the Managing Underwriters, if any,
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including those to evidence compliance with Section 4(k) and with any customary
conditions contained in the underwriting agreement or other agreement entered into
by the Issuers.
The actions set forth in clauses (iii), (iv), (v) and (vi) of this Section 4(q) shall be performed
at (A) the effectiveness of such Registration Statement and each post-effective amendment thereto;
and (B) each closing under any underwriting or similar agreement as and to the extent required
thereunder.
(r) In the case of any Exchange Offer Registration Statement, the Issuers shall, if requested
by an Initial Purchaser, or by a broker dealer that holds Securities that were acquired as a result
of market making or other trading activities:
(i) make reasonably available for inspection by the requesting party, and any
attorney, accountant or other agent retained by the requesting party, all relevant
financial and other records, pertinent corporate documents and properties of the
Issuers and their subsidiaries;
(ii) cause the officers, directors, employees, accountants and auditors of any
Issuer to supply all relevant information reasonably requested by the requesting
party or any such attorney, accountant or agent in connection with any such
Registration Statement as is customary for similar due diligence examinations;
(iii) make such representations and warranties to the requesting party, in
form, substance and scope as are customarily made by issuers to underwriters in
primary underwritten offerings and covering matters including, but not limited to,
those set forth in the Purchase Agreement;
(iv) obtain opinions of counsel to the Issuers and updates thereof (which
counsel and opinions (in form, scope and substance) shall be reasonably satisfactory
to the requesting party and its counsel), addressed to the requesting party,
covering such matters as are customarily covered in opinions requested in
underwritten offerings and such other matters as may be reasonably requested by the
requesting party or its counsel;
(v) obtain “comfort” letters and updates thereof from the independent certified
public accountants of the Company (and, if necessary, any other independent
certified public accountants of any subsidiary of the Company or of any business
acquired by the Company for which financial statements and financial data are, or
are required to be, included in the Registration Statement), addressed to the
requesting party, in customary form and covering matters of the type customarily
covered in “comfort” letters in connection with primary underwritten offerings, or
if requested by the requesting party or its counsel in lieu of a “comfort” letter,
an agreed-upon procedures letter under Statement on Auditing Standards No. 35,
covering matters requested by the requesting party or its counsel; and
13
(vi) deliver such documents and certificates as may be reasonably requested by
the requesting party or its counsel, including those to evidence compliance with
Section 4(k) and with conditions customarily contained in underwriting agreements.
The foregoing actions set forth in clauses (iii), (iv), (v), and (vi) of this Section 4(r) shall be
performed at the close of the Registered Exchange Offer and the effective date of any
post-effective amendment to the Exchange Offer Registration Statement.
(s) If a Registered Exchange Offer is to be consummated, upon delivery of the Securities by
Holders to the Issuers (or to such other person as directed by the Issuers) in exchange for the New
Securities, the Issuers shall xxxx, or caused to be marked, on the Securities so exchanged that
such Securities are being cancelled in exchange for the New Securities. In no event shall the
Securities be marked as paid or otherwise satisfied.
(t) The Issuers shall use their best efforts if the Securities have been rated prior to the
initial sale of such Securities, to confirm such ratings will apply to the Securities or the New
Securities, as the case may be, covered by a Registration Statement.
(u) In the event that any Broker-Dealer shall underwrite any Securities or participate as a
member of an underwriting syndicate or selling group or “assist in the distribution” (within the
meaning of the FINRA Rules) thereof, whether as a Holder or as an underwriter, a placement or sales
agent or a broker or dealer in respect thereof, or otherwise, the Issuers shall assist such
Broker-Dealer in complying with the FINRA Rules.
(v) The Issuers shall use their best efforts to take all other steps necessary to effect the
registration of the Securities or the New Securities, as the case may be, covered by a Registration
Statement.
5. Registration Expenses. The Issuers shall bear all expenses incurred in connection
with the performance of their obligations under Sections 2, 3 and 4 hereof and, in the event of any
Shelf Registration Statement, will reimburse the Holders for the reasonable fees and disbursements
of one firm or counsel designated by the Majority Holders to act as counsel for the Holders in
connection therewith, and, in the case of any Exchange Offer Registration Statement, will reimburse
the Initial Purchasers for the reasonable fees and disbursements of counsel acting in connection
therewith.
6. Indemnification and Contribution.
(a) Each of the Issuers jointly and severally agrees to indemnify and hold harmless each
Holder of Securities or New Securities, as the case may be, covered by any Registration Statement,
each Initial Purchaser and, with respect to any Prospectus delivery as contemplated in Section 4(h)
hereof, each Exchanging Dealer, and their respective affiliates and each person who controls any
such Holder, Initial Purchaser, Exchanging Dealer or affiliate within the meaning of either the Act
or the Exchange Act against any and all losses, claims, damages or liabilities, joint or several,
to which they or any of them may become subject under the Act, the Exchange Act or other Federal or
state statutory law or regulation, at common law or otherwise, insofar as such losses, claims,
damages or liabilities (or actions in respect thereof)
14
arise out of or are based upon any untrue statement or alleged untrue statement of a material
fact contained in the Registration Statement as originally filed or in any amendment thereof, or in
any preliminary Prospectus or the Prospectus, or in any amendment thereof or supplement thereto, or
arise out of or are based upon the omission or alleged omission to state therein a material fact
required to be stated therein or necessary to make the statements therein (in the case of any
preliminary Prospectus or the Prospectus, in the light of the circumstances under which they were
made) not misleading, and agrees to reimburse each such indemnified party, as incurred, for any
legal or other expenses reasonably incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action; provided, however, that the Issuers
will not be liable in any such case to the extent that any such loss, claim, damage or liability
arises out of or is based upon any such untrue statement or alleged untrue statement or omission or
alleged omission made therein in reliance upon and in conformity with written information furnished
to the Issuers by or on behalf of the party claiming indemnification specifically for inclusion
therein. This indemnity agreement shall be in addition to any liability that the Issuers may
otherwise have.
Each of the Issuers also jointly and severally agrees to indemnify as provided in this Section
6(a) or contribute as provided in Section 6(d) to Losses of each underwriter, if any, of Securities
or New Securities, as the case may be, registered under a Shelf Registration Statement, their
respective affiliates, and each person who controls such underwriter or affiliate on substantially
the same basis as that of the indemnification of the Initial Purchasers and the selling Holders
provided in this Section 6(a) and shall, if requested by any Holder, enter into an underwriting
agreement reflecting such agreement, as provided in Section 4(p) hereof.
(b) Each Holder of securities covered by a Registration Statement (including each Initial
Purchaser that is a Holder, in such capacity) severally and not jointly agrees to indemnify and
hold harmless the Issuers, each of their respective directors, each of their respective officers
who signs such Registration Statement and each person who controls any Issuer within the meaning of
either the Act or the Exchange Act, to the same extent as the foregoing indemnity from the Issuers
to each such Holder, but only with reference to written information relating to such Holder
furnished to the Issuers by or on behalf of such Holder specifically for inclusion in the documents
referred to in the foregoing indemnity. This indemnity agreement will be in addition to any
liability that any such Holder may otherwise have.
(c) Promptly after receipt by an indemnified party under this Section 6 or notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section, notify the indemnifying party in writing of
the commencement thereof; but the failure so to notify the indemnifying party (i) will not relieve
it from liability under paragraph (a) or (b) above unless and to the extent it did not otherwise
learn of such action and such failure results in the forfeiture by the indemnifying party of
substantial rights and defenses; and (ii) will not, in any event, relieve the indemnifying party
from any obligations to any indemnified party other than the indemnification obligation provided in
paragraph (a) or (b) above. The indemnifying party shall be entitled to appoint counsel (including
local counsel) of the indemnifying party’s choice at the indemnifying party’s expense to represent
the indemnified party in any action for which indemnification is sought (in which case the
indemnifying party shall not thereafter be responsible for the fees and expenses of any separate
counsel, other than local counsel if not appointed by the indemnifying party, retained by
15
the
indemnified party or parties except as set forth below);
provided, however, that such
counsel shall be satisfactory to the indemnified party. Notwithstanding the indemnifying party’s
election to appoint counsel (including local counsel) to represent the indemnified party in an
action, the indemnified party shall have the right to employ separate counsel (including local
counsel), and the indemnifying party shall bear the reasonable fees, costs and expenses of such
separate counsel if (i) the use of counsel chosen by the indemnifying party to represent the
indemnified party would present such counsel with a conflict of interest; (ii) the actual or
potential defendants in, or targets of, any such action include both the indemnified party and the
indemnifying party and the indemnified party shall have reasonably concluded that there may be
legal defenses available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party; (iii) the indemnifying party shall not
have employed counsel satisfactory to the indemnified party to represent the indemnified party
within a reasonable time after notice of the initiation of such action; or (iv) the indemnifying
party shall authorize the indemnified party to employ separate counsel at the expense of the
indemnifying party. An indemnifying party will not, without the prior written consent of the
indemnified parties, settle or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified parties are actual or
potential parties to such claim or action) unless such settlement, compromise or consent includes
an unconditional release of each indemnified party from all liability arising out of such claim,
action, suit or proceeding.
(d) In the event that the indemnity provided in paragraph (a) or (b) of this Section is
unavailable to or insufficient to hold harmless an indemnified party for any reason, then each
applicable indemnifying party shall have a joint and several obligation to contribute to the
aggregate losses, claims, damages and liabilities (including legal or other expenses reasonably
incurred in connection with investigating or defending any loss, claim, liability, damage or
action) (collectively “Losses”) to which such indemnified party may be subject in such proportion
as is appropriate to reflect the relative benefits received by such indemnifying party, on the one
hand, and such indemnified party, on the other hand, from the Initial Placement and the
Registration Statement which resulted in such Losses; provided, however, that in no
case shall any Initial Purchaser be responsible, in the aggregate, for any amount in excess of the
purchase discount or commission applicable to such Security, or in the case of a New Security,
applicable to the Security that was exchangeable into such New Security, as set forth in the Final
Memorandum, nor shall any underwriter be responsible for any amount in excess of the underwriting
discount or commission applicable to the securities purchased by such underwriter under the
Registration Statement which resulted in such Losses. If the allocation provided by the
immediately preceding sentence is unavailable for any reason, the indemnifying party and the
indemnified party shall contribute in such proportion as is appropriate to reflect not only such
relative benefits but also the relative fault of such indemnifying party, on the one hand, and such
indemnified party, on the other hand, in connection with the statements or omissions which resulted
in such Losses as well as any other relevant equitable considerations. Benefits received by the
Issuers shall be deemed to be equal to the total net proceeds from the Initial Placement (before
deducting expenses) as set forth in the Final Memorandum. Benefits received by the Initial
Purchasers shall be deemed to be equal to the total purchase discounts and commissions as set forth
on the cover page of the Final Memorandum, and benefits received by any other Holders shall be
deemed to be equal to the value of receiving Securities or New Securities, as applicable,
registered under the Act. Benefits received by any underwriter shall be deemed to be
16
equal to the total underwriting discounts and commissions, as set forth on the cover page of
the Prospectus forming a part of the Registration Statement which resulted in such Losses.
Relative fault shall be determined by reference to, among other things, whether any untrue or any
alleged untrue statement of a material fact or omission or alleged omission to state a material
fact relates to information provided by the indemnifying party, on the one hand, or by the
indemnified party, on the other hand, the intent of the parties and their relative knowledge,
access to information and opportunity to correct or prevent such untrue statement or omission.
The parties agree that it would not be just and equitable if contribution were determined by pro
rata allocation (even if the Holders were treated as one entity for such purpose) or any other
method of allocation which does not take account of the equitable considerations referred to above.
Notwithstanding the provisions of this paragraph (d), no person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes
of this Section, each person who controls a Holder within the meaning of either the Act or the
Exchange Act and each director, officer, employee and agent of such Holder shall have the same
rights to contribution as such Holder, and each person who controls any Issuer within the meaning
of either the Act or the Exchange Act, each officer of any Issuer who shall have signed the
Registration Statement and each director of any Issuer shall have the same rights to contribution
as the Issuers, subject in each case to the applicable terms and conditions of this paragraph (d).
(e) The provisions of this Section will remain in full force and effect, regardless of any
investigation made by or on behalf of any Holder or the Issuers or any of the indemnified persons
referred to in this Section 6, and will survive the sale by a Holder of securities covered by a
Registration Statement.
7. Underwritten Registrations.
(a) If any of the Securities or New Securities, as the case may be, covered by any Shelf
Registration Statement are to be sold in an underwritten offering, the Managing Underwriters shall
be selected by the Majority Holders.
(b) No person may participate in any underwritten offering pursuant to any Shelf Registration
Statement, unless such person (i) agrees to sell such person’s Securities or New Securities, as the
case may be, on the basis reasonably provided in any underwriting arrangements approved by the
persons entitled hereunder to approve such arrangements; and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and other documents
reasonably required under the terms of such underwriting arrangements.
8. Registration Defaults. If any of the following events (each, a “Registration
Default”) shall occur, then the Issuers shall pay liquidated damages (the “Special Interest”) to
the Holders of Securities in respect of the Securities as follows:
(a) if any Registration Statement required by this Agreement is not filed with the Commission
on or prior to the date specified for such filing in this Agreement,
17
(b) if any Registration Statement required by this Agreement is not declared effective by the
Commission on or prior to the date specified to cause such effectiveness under this Agreement,
(c) if the Issuers fail to consummate the Exchange Offer within 30 Business Days of the date
specified for such effectiveness with respect to the Exchange Offer Registration Statement,
(d) if any Registration Statement required by this Agreement has been declared effective but
thereafter ceases to be effective or usable in connection with resales of Registrable Securities
during the periods specified in this Agreement,
then, in each case, as of the date any such event occurs, Special Interest shall accrue on the
Registrable Securities at a rate of .25% per annum for the first 90 days from and including such
date; thereafter, the Special Interest will increase by an additional .25% per annum with respect
to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum
amount of 1.0% per annum. A Registration Default shall have been cured for purposes hereof (1)
upon the filing of the Registration Statement (in the case of paragraph (a) above), (2) upon the
effectiveness of the Registration Statement (in the case of paragraph (b) above), (3) upon
consummation of the Exchange Offer (in the case of paragraph (c) above), or (4) upon the
effectiveness of the Registration Statement which had ceased to remain effective (in the case of
paragraph (d) above). Immediately upon the cure of all Registration Defaults, the accrual of
Special Interest will cease.
9. No Inconsistent Agreements. No Issuer has, as of the date hereof, entered into,
nor shall it, on or after the date hereof, any agreement with respect to its securities that is
inconsistent with the rights granted to the Holders herein or that otherwise conflicts with the
provisions hereof.
10. Amendments and Waivers. The provisions of this Agreement may not be amended,
qualified, modified or supplemented, and waivers or consents to departures from the provisions
hereof may not be given, unless the Issuers have obtained the written consent of the Majority
Holders; provided that, with respect to any matter that directly or indirectly affects the
rights of any Initial Purchaser hereunder, the Issuers shall obtain the written consent of each
such Initial Purchaser against which such amendment, qualification, supplement, waiver or consent
is to be effective; provided, further, that no amendment, qualification,
supplement, waiver or consent with respect to Section 8 hereof shall be effective as against any
Holder of Registered Securities unless consented to in writing by such Holder; and
provided, further, that the provisions of this Article 10 may not be amended,
qualified, modified or supplemented, and waivers or consents to departures from the provisions
hereof may not be given, unless the Issuers have obtained the written consent of the Initial
Purchasers and each Holder. Notwithstanding the foregoing (except the foregoing provisos), a
waiver or consent to departure from the provisions hereof with respect to a matter that relates
exclusively to the rights of Holders whose Securities or New Securities, as the case may be, are
being sold pursuant to a Registration Statement and that does not directly or indirectly affect the
rights of other Holders may be given by the Majority Holders, determined on the basis of Securities
or New Securities, as the case may be, being sold rather than registered under such Registration
Statement.
18
11. Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, first-class mail, telex, telecopier or air courier
guaranteeing overnight delivery:
(a) if to a Holder, at the most current address given by such holder to the Issuers in
accordance with the provisions of this Section 11, which address initially is, with respect to each
Holder, the address of such Holder maintained by the Registrar under the Indenture;
(b) if to the Representatives, initially at the address set forth in the Purchase Agreement;
and
(c) if to the Issuers, initially at the address of the Company set forth in the Purchase
Agreement.
All such notices and communications shall be deemed to have been duly given when received.
The Initial Purchasers or the Issuers by notice to the other parties may designate additional or
different addresses for subsequent notices or communications.
12. Remedies. Each Holder, in addition to being entitled to exercise all rights
provided to it herein, in the Indenture or in the Purchase Agreement or granted by law, including
recovery of liquidated or other damages, will be entitled to specific performance of its rights
under this Agreement. The Issuers agree that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Agreement and hereby
agrees to waive in any action for specific performance the defense that a remedy at law would be
adequate.
13. Successors. This Agreement shall inure to the benefit of and be binding upon the
parties hereto, their respective successors and assigns, including, without the need for an express
assignment or any consent by the Issuers thereto, subsequent Holders of Securities and the New
Securities, and the indemnified persons referred to in Section 6 hereof. The Issuers hereby agree
to extend the benefits of this Agreement to any Holder of Securities or the New Securities, and any
such Holder may specifically enforce the provisions of this Agreement as if an original party
hereto.
14. Counterparts. This Agreement may be in signed counterparts, each of which shall
constitute an original and all of which together shall constitute one and the same agreement.
15. Headings. The headings used herein are for convenience only and shall not affect
the construction hereof.
16. Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of New York applicable to contracts made and to be performed in the
State of New York. The parties hereto each hereby waive any right to trial by jury in any action,
proceeding or counterclaim arising out of or relating to this Agreement.
17. Severability. In the event that any one of more of the provisions contained
herein, or the application thereof in any circumstances, is held invalid, illegal or unenforceable
in
19
any respect for any reason, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions hereof shall not be in any way impaired or
affected thereby, it being intended that all of the rights and privileges of the parties shall be
enforceable to the fullest extent permitted by law.
18. Securities Held by the Issuers, etc. Whenever the consent or approval of Holders
of a specified percentage of principal amount of Securities or New Securities is required
hereunder, Securities or New Securities, as applicable, held by any Issuer or its Affiliates (other
than subsequent Holders of Securities or New Securities if such subsequent Holders are deemed to be
Affiliates solely by reason of their holdings of such Securities or New Securities) shall not be
counted in determining whether such consent or approval was given by the Holders of such required
percentage.
20
If the foregoing is in accordance with your understanding of our agreement, please sign and
return to us the enclosed duplicate hereof, whereupon this Agreement and your acceptance shall
represent a binding agreement between the Issuers and the several Initial Purchasers.
Very truly yours, NRG ENERGY, INC. |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Vice President and Treasurer | |||
GUARANTORS:
Xxxxxx Kill Power LLC
Astoria Gas Turbine Power LLC
Berrians I Gas Turbine Power LLC
Big Cajun II Unit 4 LLC
Cabrillo Power I LLC
Cabrillo Power II LLC
Carbon Management Solutions LLC
Clean Edge Energy LLC
Conemaugh Power LLC
Connecticut Jet Power LLC
Devon Power LLC
Dunkirk Power LLC
Eastern Sierra Energy Company
El Segundo Power II LLC
El Segundo Power, LLC
Xxxxxxx IGCC LLC
Xxxxxxx Power LLC
Indian River IGCC LLC
Indian River Operations Inc.
Indian River Power LLC
Xxxxx River Power LLC
Keystone Power LLC
Xxxxxxxx Wind Power, LLC
Louisiana Generating LLC
Middletown Power LLC
Montville IGCC LLC
Montville Power LLC
NEO Corporation
Astoria Gas Turbine Power LLC
Berrians I Gas Turbine Power LLC
Big Cajun II Unit 4 LLC
Cabrillo Power I LLC
Cabrillo Power II LLC
Carbon Management Solutions LLC
Clean Edge Energy LLC
Conemaugh Power LLC
Connecticut Jet Power LLC
Devon Power LLC
Dunkirk Power LLC
Eastern Sierra Energy Company
El Segundo Power II LLC
El Segundo Power, LLC
Xxxxxxx IGCC LLC
Xxxxxxx Power LLC
Indian River IGCC LLC
Indian River Operations Inc.
Indian River Power LLC
Xxxxx River Power LLC
Keystone Power LLC
Xxxxxxxx Wind Power, LLC
Louisiana Generating LLC
Middletown Power LLC
Montville IGCC LLC
Montville Power LLC
NEO Corporation
21
NEO Freehold-Gen LLC
NEO Power Services Inc.
New Xxxxx XX, LLC
Norwalk Power LLC
NRG Affiliate Services Inc.
NRG Artesian Energy LLC
NRG Xxxxxx Kill Operations Inc.
NRG Astoria Gas Turbine Operations Inc.
NRG Bayou Cove LLC
NRG Cabrillo Power Operations Inc.
NRG California Peaker Operations LLC
NRG Cedar Bayou Development Company, LLC
NRG Connecticut Affiliate Services Inc.
NRG Devon Operations Inc.
NRG Dunkirk Operations Inc.
NRG El Segundo Operations Inc.
NRG Generation Holdings, Inc.
NRG Xxxxxxx Operations Inc.
NRG International LLC
NRG MidAtlantic Affiliate Services Inc.
NRG Middletown Operations Inc.
NRG Montville Operations Inc.
NRG New Jersey Energy Sales LLC
NRG New Roads Holdings LLC
NRG North Central Operations Inc.
NRG Northeast Affiliate Services Inc.
NRG Norwalk Harbor Operations Inc.
NRG Operating Services, Inc.
NRG Oswego Harbor Power Operations Inc.
NRG Power Marketing LLC
NRG Retail LLC
NRG Saguaro Operations Inc.
NRG South Central Affiliate Services Inc.
NRG South Central Generating LLC
NRG South Central Operations Inc.
NRG Texas C&I Supply LLC
NRG Texas Holding Inc.
NRG Texas LLC
NRG Texas Power LLC
NRG West Coast LLC
NRG Western Affiliate Services Inc.
Oswego Harbor Power LLC
RE Retail Receivables, LLC
Reliant Energy Power Supply, LLC
Reliant Energy Retail Holdings, LLC
Reliant Energy Retail Services, LLC
NEO Power Services Inc.
New Xxxxx XX, LLC
Norwalk Power LLC
NRG Affiliate Services Inc.
NRG Artesian Energy LLC
NRG Xxxxxx Kill Operations Inc.
NRG Astoria Gas Turbine Operations Inc.
NRG Bayou Cove LLC
NRG Cabrillo Power Operations Inc.
NRG California Peaker Operations LLC
NRG Cedar Bayou Development Company, LLC
NRG Connecticut Affiliate Services Inc.
NRG Devon Operations Inc.
NRG Dunkirk Operations Inc.
NRG El Segundo Operations Inc.
NRG Generation Holdings, Inc.
NRG Xxxxxxx Operations Inc.
NRG International LLC
NRG MidAtlantic Affiliate Services Inc.
NRG Middletown Operations Inc.
NRG Montville Operations Inc.
NRG New Jersey Energy Sales LLC
NRG New Roads Holdings LLC
NRG North Central Operations Inc.
NRG Northeast Affiliate Services Inc.
NRG Norwalk Harbor Operations Inc.
NRG Operating Services, Inc.
NRG Oswego Harbor Power Operations Inc.
NRG Power Marketing LLC
NRG Retail LLC
NRG Saguaro Operations Inc.
NRG South Central Affiliate Services Inc.
NRG South Central Generating LLC
NRG South Central Operations Inc.
NRG Texas C&I Supply LLC
NRG Texas Holding Inc.
NRG Texas LLC
NRG Texas Power LLC
NRG West Coast LLC
NRG Western Affiliate Services Inc.
Oswego Harbor Power LLC
RE Retail Receivables, LLC
Reliant Energy Power Supply, LLC
Reliant Energy Retail Holdings, LLC
Reliant Energy Retail Services, LLC
22
Reliant Energy Services Texas, LLC Reliant Energy Texas Retail, LLC RERH Holdings, LLC Saguaro Power LLC Somerset Operations Inc. Somerset Power LLC Texas Genco Financing Corp. Texas Xxxxx XX, LLC Texas Genco Holdings, Inc. Texas Xxxxx XX, LLC Texas Genco Operating Services, LLC Vienna Operations Inc. Vienna Power LLC WCP (Generation) Holdings LLC West Coast Power LLC |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Treasurer | |||
Elbow Creek Wind Project LLC |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Controller | |||
GCP Funding Company, LLC |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Management Board Member | |||
NRG Construction LLC |
||||
By: | /s/ Xxxxxx Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | Treasurer |
23
NRG Energy Services LLC |
||||
By: | /s/ Xxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxx X. Xxxxxxx | |||
Title: | Treasurer | |||
NRG South Texas LP By Texas Xxxxx XX, LLC, its General Partner |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Treasurer | |||
Texas Genco Services, LP By New Xxxxx XX, LLC, its General Partner |
||||
By: | /s/ Xxxxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxxxx Xxxxx | |||
Title: | Treasurer | |||
24
The foregoing Agreement is hereby confirmed and accepted as of the date first above written. CITIGROUP GLOBAL MARKETS INC. |
||||
By | /s/ Xxxxxxxx Xxxxxx | |||
Name: | Xxxxxxxx Xxxxxx | |||
Title: | Vice President | |||
BANC OF AMERICA SECURITIES LLC |
||||
By | /s/ Henrik Dahlback | |||
Name: | Henrik Dahlback | |||
Title: | Director | |||
DEUTSCHE BANK SECURITIES INC. |
||||
By | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Managing Director | |||
By | /s/ Xxxxxxxxx Xxxxx | |||
Name: | Xxxxxxxxx Xxxxx | |||
Title: | Managing Director | |||
For themselves and the several Initial
Purchasers named in Schedule I to the
Purchase Agreement.
ANNEX A
Each broker-dealer that receives new securities for its own account pursuant to the Exchange
Offer must acknowledge that it will deliver a prospectus in connection with any resale of such new
securities. The Letter of Transmittal states that by so acknowledging and by delivering a
prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the
meaning of the Act. This prospectus, as it may be amended or supplemented from time to time, may
be used by a broker-dealer in connection with resales of new securities received in exchange for
securities where such securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities. Each of the company and the guarantors has agreed that,
starting on the expiration date and ending on the close of business one year after the expiration
date, it will make this prospectus available, as amended or supplemented, to any broker-dealer for
use in connection with any such resale. See “Plan of Distribution”.
A-1
ANNEX B
Each broker-dealer that receives new securities for its own account in exchange for
securities, where such securities were acquired by such broker-dealer as a result of market-making
activities or other trading activities, must acknowledge that it will deliver a prospectus in
connection with any resale of such new securities. See “Plan of Distribution”.
B-1
ANNEX C
PLAN OF DISTRIBUTION
Each broker-dealer that receives new securities for its own account pursuant to the Exchange
Offer must acknowledge that it will deliver a prospectus in connection with any resale of such new
securities. This prospectus, as it may be amended or supplemented from time to time, may be used
by a broker-dealer in connection with resales of new securities received in exchange for securities
where such securities were acquired as a result of market-making activities or other trading
activities. The Company and each of the guarantors has agreed that, starting on the expiration
date and ending on the close of business one year after the expiration date, they will make this
prospectus, as amended or supplemented, available to any broker-dealer for use in connection with
any such resale. In addition, until , 20___, all dealers effecting transactions in the
new securities may be required to deliver a prospectus.
The company and each of the guarantors will not receive any proceeds from any sale of new
securities by brokers-dealers. New securities received by broker-dealers for their own account
pursuant to the Exchange Offer may be sold from time to time in one or more transactions in the
over-the-counter market, in negotiated transactions, through the writing of options on the new
securities or a combination of such methods of resale, at market prices prevailing at the time of
resale, at prices related to such prevailing market prices or at negotiated prices. Any such
resale may be made directly to purchasers or to or through brokers or dealers who may receive
compensation in the form of commissions or concessions from any such broker-dealer and/or the
purchasers of any such new securities. Any broker-dealer that resells new securities that were
received by it for its own account pursuant to the Exchange Offer and any broker or dealer that
participates in a distribution of such new securities may be deemed to be an “underwriter” within
the meaning of the Act and any profit of any such resale of new securities and any commissions or
concessions received by any such persons may be deemed to be underwriting compensation under the
Act. The Letter of Transmittal states that by acknowledging that it will deliver and by delivering
a prospectus, a broker-dealer will not be deemed to admit that it is an “underwriter” within the
meaning of the Act.
For a period of one year after the expiration date, each of the company and the guarantors
will promptly send additional copies of this prospectus and any amendment or supplement to this
prospectus to any broker-dealer that requests such documents in the Letter of Transmittal. Each of
the company and the guarantors has agreed to pay all expenses incident to the Exchange Offer
(including the expenses of one counsel for the holders of the securities) other than commissions or
concessions of any brokers or dealers and will indemnify the holders of the securities (including
any broker-dealers) against certain liabilities, including liabilities under the Act.
[If applicable, add information required by Regulation S-K Items 507 and/or 508.]
C-1
ANNEX D
Rider A
PLEASE FILL IN YOUR NAME AND ADDRESS BELOW IF YOU ARE A BROKER-DEALER AND WISH TO RECEIVE 10
ADDITIONAL COPIES OF THE PROSPECTUS AND 10 COPIES OF ANY AMENDMENTS OR SUPPLEMENTS THERETO.
Name: |
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Address: |
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Rider B
If the undersigned is not a Broker-Dealer, the undersigned represents that it acquired the New
Securities in the ordinary course of its business, it is not engaged in, and does not intend to
engage in, a distribution of New Securities and it has no arrangements or understandings with any
person to participate in a distribution of the New Securities. If the undersigned is a
Broker-Dealer that will receive New Securities for its own account in exchange for Securities, it
represents that the Securities to be exchanged for New Securities were acquired by it as a result
of market-making activities or other trading activities and acknowledges that it will deliver a
prospectus in connection with any resale of such New Securities; however, by so acknowledging and
by delivering a prospectus, the undersigned will not be deemed to admit that it is an “underwriter”
within the meaning of the Act.