EXHIBIT 4.1
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AVISTA CORPORATION
TO
CITIBANK, N.A.
As Successor Trustee under
Mortgage and Deed of Trust,
dated as of June 1, 1939
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THIRTY-EIGHTH SUPPLEMENTAL INDENTURE
Providing among other things for two series of bonds designated
"First Mortgage Bonds, Collateral Series 2005B"
Due October 1, 2032
and
"First Mortgage Bonds, Collateral Series 2005C"
Due March 1, 2034
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Dated as of May 1, 2005
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THIRTY-EIGHTH SUPPLEMENTAL INDENTURE
THIS INDENTURE, dated as of the 1st day of May, 2005, between AVISTA
CORPORATION (formerly known as The Washington Water Power Company), a
corporation of the State of Washington, whose post office address is 0000 Xxxx
Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxx 00000 (the "Company"), and CITIBANK, N.A.,
formerly First National City Bank (successor by merger to First National City
Trust Company, formerly City Bank Farmers Trust Company), a national banking
association incorporated and existing under the laws of the United States of
America, whose post office address is 000 Xxxxxxxxx Xxxxxx, 00xx Xxxxx, Xxx
Xxxx, 00000 New York (the "Trustee"), as Trustee under the Mortgage and Deed of
Trust, dated as of June 1, 1939 (the "Original Mortgage"), executed and
delivered by the Company to secure the payment of bonds issued or to be issued
under and in accordance with the provisions thereof, this indenture (the
"Thirty-eighth Supplemental Indenture") being supplemental to the Original
Mortgage, as heretofore supplemented and amended.
WHEREAS pursuant to a written request of the Company made in
accordance with Section 103 of the Original Mortgage, Xxxxxxx X. Xxxx (then
Individual Trustee under the Mortgage, as supplemented) ceased to be a trustee
thereunder on July 23, 1969, and all of his powers as Individual Trustee have
devolved upon the Trustee and its successors alone; and
WHEREAS by the Original Mortgage the Company covenanted that it
would execute and deliver such further instruments and do such further acts as
might be necessary or proper to carry out more effectually the purposes of the
Original Mortgage and to make subject to the lien of the Original Mortgage any
property thereafter acquired intended to be subject to the lien thereof; and
WHEREAS the Company has heretofore executed and delivered, in
addition to the Original Mortgage, the indentures supplemental thereto, and has
issued the series of bonds, set forth in Exhibit A hereto (the Original
Mortgage, as supplemented and amended by the First through Thirty-seventh
Supplemental Indentures, being herein sometimes called the "Mortgage"); and
WHEREAS the Original Mortgage and the First through Thirty-sixth
Supplemental Indentures have been appropriately filed or recorded in various
official records in the States of Washington, California, Idaho, Montana and
Oregon, as set forth in the First through Thirty-fourth supplemental Indentures
and the Instrument of Further Assurance, dated December 15, 2001, hereinafter
referred to; and
WHEREAS the Thirty-fourth Supplemental Indenture, dated as of
November 1, 2004, and the Thirty-fifth, Thirty-sixth and Thirty-seventh
Supplemental Indentures, each dated as of December 1, 2004, have been
appropriately filed or recorded in the States of Washington, California, Idaho,
Montana and Oregon, as set forth in Exhibit B hereto; and
WHEREAS for the purpose of confirming or perfecting the lien of the
Mortgage on certain of its properties, the Company has heretofore executed and
delivered a Short Form Mortgage and Security Agreement, in multiple counterparts
dated as of various dates in 1992,
and such instrument has been appropriately filed or recorded in the various
official records in the States of California, Montana and Oregon; and
WHEREAS for the purpose of confirming or perfecting the lien of the
Mortgage on certain of its properties, the Company has heretofore executed and
delivered an Instrument of Further Assurance, dated as of December 15, 2001, and
such instrument has been appropriately filed or recorded in the various official
records in the States of Washington, California, Idaho, Montana and Oregon; and
WHEREAS in addition to the property described in the Mortgage the
Company has acquired certain other property, rights and interests in property;
and
WHEREAS Section 8 of the Original Mortgage provides that the form of
each series of bonds (other than the First Series) issued thereunder and of the
coupons to be attached to coupon bonds of such series shall be established by
Resolution of the Board of Directors of the Company; that the form of such
series, as established by said Board of Directors, shall specify the descriptive
title of the bonds and various other terms thereof; and that such series may
also contain such provisions not inconsistent with the provisions of the
Mortgage as the Board of Directors may, in its discretion, cause to be inserted
therein expressing or referring to the terms and conditions upon which such
bonds are to be issued and/or secured under the Mortgage; and
WHEREAS Section 120 of the Original Mortgage provides, among other
things, that any power, privilege or right expressly or impliedly reserved to or
in any way conferred upon the Company by any provision of the Mortgage, whether
such power, privilege or right is in any way restricted or is unrestricted, may
be in whole or in part waived or surrendered or subjected to any restriction if
at the time unrestricted or to additional restriction if already restricted, and
the Company may enter into any further covenants, limitations or restrictions
for the benefit of any one or more series of bonds issued thereunder, or the
Company may cure any ambiguity contained therein, or in any supplemental
indenture, by an instrument in writing executed and acknowledged by the Company
in such manner as would be necessary to entitle a conveyance of real estate to
record in all of the states in which any property at the time subject to the
lien of the Mortgage shall be situated; and
WHEREAS the Company now desires to create two new series of bonds;
and
WHEREAS the execution and delivery by the Company of this
Thirty-eighth Supplemental Indenture, and the terms of the bonds of the
Thirty-seventh and Thirty-eighth Series, hereinafter referred to, have been duly
authorized by the Board of Directors of the Company by appropriate Resolutions
of said Board of Directors, and all things necessary to make this Thirty-eighth
Supplemental Indenture a valid, binding and legal instrument have been
performed;
NOW, THEREFORE, THIS INDENTURE WITNESSETH: That the Company, in
consideration of the premises and of other good and valuable consideration, the
receipt and sufficiency whereof are hereby acknowledged, hereby confirms the
estate, title and rights of the Trustee (including, without limitation, the lien
of the Mortgage on the property of the Company
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subjected thereto, whether now owned or hereafter acquired) held as security for
the payment of both the principal of and interest and premium, if any, on the
bonds from time to time issued under the Mortgage according to their tenor and
effect and the performance of all the provisions of the Mortgage and of such
bonds, and, without limiting the generality of the foregoing, hereby confirms
the grant, bargain, sale, release, conveyance, assignment, transfer, mortgage,
pledge, setting over and confirmation unto the Trustee, contained in the
Mortgage, of all the following described properties of the Company, whether now
owned or hereafter acquired, namely:
All of the property, real, personal and mixed, of every character
and wheresoever situated (except any hereinafter or in the Mortgage
expressly excepted) which the Company now owns or, subject to the
provisions of Section 87 of the Original Mortgage, may hereafter acquire
prior to the satisfaction and discharge of the Mortgage, as fully and
completely as if herein or in the Mortgage specifically described, and
including (without in anywise limiting or impairing by the enumeration of
the same the scope and intent of the foregoing or of any general
description contained in Mortgage) all lands, real estate, easements,
servitudes, rights of way and leasehold and other interests in real
estate; all rights to the use or appropriation of water, flowage rights,
water storage rights, flooding rights, and other rights in respect of or
relating to water; all plants for the generation of electricity, power
houses, dams, dam sites, reservoirs, flumes, raceways, diversion works,
head works, waterways, water works, water systems, gas plants, steam heat
plants, hot water plants, ice or refrigeration plants, stations,
substations, offices, buildings and other works and structures and the
equipment thereof and all improvements, extensions and additions thereto;
all generators, machinery, engines, turbines, boilers, dynamos,
transformers, motors, electric machines, switchboards, regulators, meters,
electrical and mechanical appliances, conduits, cables, pipes and mains;
all lines and systems for the transmission and distribution of electric
current, gas, steam heat or water for any purpose; all towers, mains,
pipes, poles, pole lines, conduits, cables, wires, switch racks,
insulators, compressors, pumps, fittings, valves and connections; all
motor vehicles and automobiles; all tools, implements, apparatus,
furniture, stores, supplies and equipment; all franchises (except the
Company's franchise to be a corporation), licenses, permits, rights,
powers and privileges; and (except as hereinafter or in the Mortgage
expressly excepted) all the right, title and interest of the Company in
and to all other property of any kind or nature.
The property so conveyed or intended to be so conveyed under the
Mortgage shall include, but shall not be limited to, the property set
forth in Exhibit C hereto, the particular description of which is intended
only to aid in the identification thereof and shall not be construed as
limiting the force, effect and scope of the foregoing.
TOGETHER WITH all and singular the tenements, hereditaments and
appurtenances belonging or in anywise appertaining to the aforesaid property or
any part thereof, with the reversion and reversions, remainder and remainders
and (subject to the provisions of Section 57 of the Original Mortgage) the
tolls, rents, revenues, issues, earnings, income, product and profits thereof,
and all the estate, right, title and interest and claim whatsoever, at law as
well
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as in equity, which the Company now has or may hereafter acquire in and to the
aforesaid property and franchises and every part and parcel thereof.
THE COMPANY HEREBY CONFIRMS that, subject to the provisions of
Section 87 of the Original Mortgage, all the property, rights, and franchises
acquired by the Company after the date thereof (except any hereinbefore or
hereinafter or in the Mortgage expressly excepted) are and shall be as fully
embraced within the lien of the Mortgage as if such property, rights and
franchises had been owned by the Company at the date of the Original Mortgage
and had been specifically described therein.
PROVIDED THAT the following were not and were not intended to be
then or now or hereafter granted, bargained, sold, released, conveyed, assigned,
transferred, mortgaged, pledged, set over or confirmed under the Mortgage and
were, are and shall be expressly excepted from the lien and operation namely:
(l) cash, shares of stock and obligations (including bonds, notes and other
securities) not hereafter specifically pledged, paid, deposited or delivered
under the Mortgage or covenanted so to be; (2) merchandise, equipment, materials
or supplies held for the purpose of sale in the usual course of business or for
consumption in the operation of any properties of the Company; (3) bills, notes
and accounts receivable, and all contracts, leases and operating agreements not
specifically pledged under the Mortgage or covenanted so to be; (4) electric
energy and other materials or products generated, manufactured, produced or
purchased by the Company for sale, distribution or use in the ordinary course of
its business; and (5) any property heretofore released pursuant to any
provisions of the Mortgage and not heretofore disposed of by the Company;
provided, however, that the property and rights expressly excepted from the lien
and operation of the Mortgage in the above subdivisions (2) and (3) shall (to
the extent permitted by law) cease to be so excepted in the event that the
Trustee or a receiver or trustee shall enter upon and take possession of the
Mortgaged and Pledged Property in the manner provided in Article XII of the
Original Mortgage by reason of the occurrence of a Completed Default as defined
in said Article XII.
TO HAVE AND TO HOLD all such properties, real, personal and mixed,
granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged,
pledged, set over or confirmed by the Company in the Mortgage as aforesaid, or
intended so to be, unto the Trustee, and its successors, heirs and assigns
forever.
IN TRUST NEVERTHELESS, for the same purposes and upon the same
terms, trusts and conditions and subject to and with the same provisos and
covenants as set forth in the Mortgage, this Thirty-eighth Supplemental
Indenture being supplemental to the Mortgage.
AND IT IS HEREBY FURTHER CONFIRMED by the Company that all the
terms, conditions, provisos, covenants and provisions contained in the Mortgage
shall affect and apply to the property in the Mortgage described and conveyed,
and to the estates, rights, obligations and duties of the Company and the
Trustee and the beneficiaries of the trust with respect to said property, and to
the Trustee and its successors in the trust, in the same manner and with the
same effect as if the said property had been owned by the Company at the time of
the execution of the Original Mortgage, and had been specifically and at length
described in and conveyed to said Trustee by the Original Mortgage as a part of
the property therein stated to be conveyed.
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The Company further covenants and agrees to and with the Trustee and
its successor or successors in such trust under the Mortgage, as follows:
ARTICLE I
THIRTY-SEVENTH SERIES OF BONDS
SECTION 1. (I) (I) There shall be a series of bonds designated
"Collateral Series 2005B" (herein sometimes referred to as the "Thirty-seventh
Series"), each of which shall also bear the descriptive title First Mortgage
Bond, and the form thereof, which has been established by Resolution of the
Board of Directors of the Company, is set forth on Exhibit D hereto. Bonds of
the Thirty-seventh Series shall be issued as fully registered bonds in
denominations of One Thousand Dollars and, at the option of the Company, any
amount in excess thereof (the exercise of such option to be evidenced by the
execution and delivery thereof) and shall be dated as in Section 10 of the
Mortgage provided. Each bond of the Thirty-seventh Series shall mature on
October 1, 2032 and shall bear interest, be redeemable and have such other terms
and provisions as set forth below.
(II) The Bonds of the Thirty-seventh Series shall have the following
terms and characteristics:
(a) the Bonds of the Thirty-seventh Series shall be initially
authenticated and delivered under the Mortgage in the aggregate principal
amount of $66,700,000, which principal amount is equal to the outstanding
aggregate principal amount of the 1999A Revenue Bonds;
(b) the Bonds of the Thirty-seventh Series shall bear interest at
the same rate or rates as shall be in effect from time to time in respect
of the 1999A Revenue Bonds; and interest on such bonds shall be payable at
the same times as interest is payable on the 1999A Revenue Bonds;
(c) the principal of and interest on each bond of the Thirty-seventh
Series payable at Maturity shall be payable upon presentation thereof at
the office or agency of the Company in the Borough of Manhattan, The City
of New York, in such coin or currency as at the time of payment is legal
tender for public and private debts. The interest on each Bond of the
Thirty-seventh Series (other than interest payable at Maturity) shall be
payable directly to the registered owner thereof;
(d) the Bonds of the Thirty-seventh Series shall not be redeemable,
in whole or in part, at the option of the Company;
(e) (i) the Bonds of the Thirty-seventh Series are to be issued and
delivered to the 1999A Revenue Bond Trustee in order to further evidence
the obligations of the Company under Section 4.01 of the 1999A Loan
Agreement;
(ii) in the event that any 1999A Revenue Bonds are to be
redeemed pursuant to Section 4.03 of the 0000X Xxxxxxx Xxxx Xxxxxxxxx
following a Determination of Taxability (as defined in the 1999A Revenue
Bond Indenture), Bonds
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of the Thirty-seventh Series, in a principal amount equal to the principal
amount of 1999A Revenue Bonds to be redeemed, shall be redeemed on the
date fixed for redemption of the 1999A Revenue Bonds, at the principal
amount thereof plus accrued interest to the redemption date;
(iii) in the event that all 1999A Revenue Bonds have become
immediately due and payable pursuant to Section 9.02(a) of the 0000X
Xxxxxxx Xxxx Xxxxxxxxx following the occurrence of an Event of Default (as
defined in the 0000X Xxxxxxx Xxxx Xxxxxxxxx), the Bonds of the
Thirty-seventh Series (unless already due and payable) shall thereupon be
redeemed at the principal amount thereof plus accrued interest to the
redemption date (the obligation to effect such redemption being rescinded
upon the rescission of such acceleration);
(iv) the obligation of the Company to make any payment of the
principal of or interest on the Bonds of the Thirty-seventh Series shall
be deemed to have been satisfied and discharged to the extent of the sum
of
(A) the amount, if any, credited under the 1999A Loan
Agreement against the obligation of the Company to make payment in
respect of the corresponding amount of principal of or interest on
the 1999A Revenue Bonds; and
(B) the amount, if any, paid by the Company pursuant to the
1999A Loan Agreement in respect of such corresponding amount of
principal of or interest on the 1999A Revenue Bonds;
(v) the Trustee shall be entitled to presume that the
obligation of the Company to pay the principal of and interest on the
Bonds of the Thirty-seventh Series as the same shall become due and
payable shall have been fully satisfied and discharged unless and until it
shall have received a written notice from the 1999A Revenue Bond Trustee,
signed by an authorized officer thereof, stating that the principal of
and/or interest on the Bonds of the Thirty-seventh Series has become due
and payable and has not been fully paid, and specifying the amount of
funds required to make such payment;
(f) no service charge shall be made for the registration of transfer
or exchange of Bonds of the Thirty-seventh Series;
(g) in the event of an application by the 1999A Revenue Bond Trustee
for a substituted Bond of the Thirty-seventh Series pursuant to Section 16
of the Original Mortgage, the 1999A Revenue Bond Trustee shall not be
required to provide any indemnity or pay any expenses or charges as
contemplated in said Section 16; and
(h) the Bonds of the Thirty-seventh Series shall have such other
terms as are set forth in the form of bond attached hereto as Exhibit D.
Anything in this Supplemental Indenture or in the Bonds of the
Thirty-seventh Series to the contrary notwithstanding, if, at the time of the
Maturity of the Bonds of the Thirty-seventh Series, the stated aggregate
principal amount of such Bonds then Outstanding shall
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exceed the aggregate principal amount of 1999A Revenue Bonds then outstanding,
the aggregate principal amount of such Bonds shall be deemed to have been
reduced by the amount of such excess.
(III) For all purposes of this Article I, except as otherwise
expressly provided or unless the context otherwise requires, the terms defined
below shall have the meanings specified:
"CITY" means the City of Forsyth, Montana, a political subdivision
of the State of Montana.
"1999A LOAN AGREEMENT" means the Loan Agreement, dated as of
September 1, 1999, between the City and the Company, relating to the 1999A
Revenue Bonds, as amended and restated in its entirety by the First
Supplemental Loan Agreement, dated as of May 1, 2005, between the City and
the Company.
"1999A REVENUE BONDS" means the Pollution Control Revenue Refunding
Bonds (Avista Corporation Colstrip Project) Series 1999A issued by the
City.
"1999A REVENUE BOND INDENTURE" means the Trust Indenture, dated as
of September 1, 1999, between the City and X.X. Xxxxxx Trust Company,
National Association (successor in interest to Chase Manhattan Bank and
Trust Company, National Association), trustee, relating to the 1999A
Revenue Bonds, as amended and restated in its entirety by the First
Supplemental Trust Indenture, dated as of May 1, 2005, between the City
and X.X. Xxxxxx Trust Company, National Association.
"1999A REVENUE BOND TRUSTEE" means the trustee under the 0000X
Xxxxxxx Xxxx Xxxxxxxxx.
Copies of the 0000X Xxxxxxx Xxxx Xxxxxxxxx, the 1999A Loan Agreement
and the Policy are on file at the office of the 1999A Revenue Bond Trustee at
000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxxxxxxx, XX 00000 and at the office of the
Company at 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxx, XX 00000.
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ARTICLE II
THIRTY-EIGHTH SERIES OF BONDS
SECTION 1. (I) (I) There shall be a series of bonds designated
"Collateral Series 2005C" (herein sometimes referred to as the "Thirty-eighth
Series"), each of which shall also bear the descriptive title First Mortgage
Bond, and the form thereof, which has been established by Resolution of the
Board of Directors of the Company, is set forth on Exhibit D hereto. Bonds of
the Thirty-eighth Series shall be issued as fully registered bonds in
denominations of One Thousand Dollars and, at the option of the Company, any
amount in excess thereof (the exercise of such option to be evidenced by the
execution and delivery thereof) and shall be dated as in Section 10 of the
Mortgage provided. Each bond of the Thirty-eighth Series shall mature on March
1, 2034 and shall bear interest, be redeemable and have such other terms and
provisions as set forth below.
(II) The Bonds of the Thirty-eighth Series shall have the following
terms and characteristics:
(a) the Bonds of the Thirty-eighth Series shall be initially
authenticated and delivered under the Mortgage in the aggregate principal
amount of $17,000,000, which principal amount is equal to the outstanding
aggregate principal amount of the 1999B Revenue Bonds;
(b) the Bonds of the Thirty-eighth Series shall bear interest at the
same rate or rates as shall be in effect from time to time in respect of
the 1999B Revenue Bonds; and interest on such bonds shall be payable at
the same times as interest is payable on the 1999B Revenue Bonds;
(c) the principal of and interest on each bond of the Thirty-eighth
Series payable at Maturity shall be payable upon presentation thereof at
the office or agency of the Company in the Borough of Manhattan, The City
of New York, in such coin or currency as at the time of payment is legal
tender for public and private debts. The interest on each Bond of the
Thirty-eighth Series (other than interest payable at Maturity) shall be
payable directly to the registered owner thereof;
(d) the Bonds of the Thirty-eighth Series shall not be redeemable,
in whole or in part, at the option of the Company;
(e) (i) the Bonds of the Thirty-eighth Series are to be issued and
delivered to the 1999B Revenue Bond Trustee in order to further evidence
the obligations of the Company under Section 4.01 of the 1999B Loan
Agreement;
(ii) in the event that any 1999B Revenue Bonds are to be
redeemed pursuant to Section 4.03 of the 0000X Xxxxxxx Xxxx Xxxxxxxxx
following a Determination of Taxability (as defined in the 1999B Revenue
Bond Indenture), Bonds of the Thirty-eighth Series, in a principal amount
equal to the principal amount of 1999B Revenue Bonds to be redeemed, shall
be redeemed on the date fixed for redemption of
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the 1999B Revenue Bonds, at the principal amount thereof plus accrued
interest to the redemption date;
(iii) in the event that all 1999B Revenue Bonds have become
immediately due and payable pursuant to Section 9.02(a) of the 0000X
Xxxxxxx Xxxx Xxxxxxxxx following the occurrence of an Event of Default (as
defined in the 1999B Revenue Bond Indenture), the Bonds of the
Thirty-eighth Series (unless already due and payable) shall thereupon be
redeemed at the principal amount thereof plus accrued interest to the
redemption date (the obligation to effect such redemption being rescinded
upon the rescission of such acceleration);
(iv) the obligation of the Company to make any payment of the
principal of or interest on the Bonds of the Thirty-eighth Series shall be
deemed to have been satisfied and discharged to the extent of the sum of
(A) the amount, if any, credited under the 1999B Loan
Agreement against the obligation of the Company to make payment in
respect of the corresponding amount of principal of or interest on
the 1999B Revenue Bonds; and
(B) the amount, if any, paid by the Company pursuant to the
1999B Loan Agreement in respect of such corresponding amount of
principal of or interest on the 1999B Revenue Bonds;
(v) the Trustee shall be entitled to presume that the
obligation of the Company to pay the principal of and interest on the
Bonds of the Thirty-eighth Series as the same shall become due and payable
shall have been fully satisfied and discharged unless and until it shall
have received a written notice from the 1999B Revenue Bond Trustee, signed
by an authorized officer thereof, stating that the principal of and/or
interest on the Bonds of the Thirty-eighth Series has become due and
payable and has not been fully paid, and specifying the amount of funds
required to make such payment;
(f) no service charge shall be made for the registration of transfer
or exchange of Bonds of the Thirty-eighth Series;
(g) in the event of an application by the 1999B Revenue Bond Trustee
for a substituted Bond of the Thirty-eighth Series pursuant to Section 16
of the Original Mortgage, the 1999B Revenue Bond Trustee shall not be
required to provide any indemnity or pay any expenses or charges as
contemplated in said Section 16; and
(h) the Bonds of the Thirty-eighth Series shall have such other
terms as are set forth in the form of bond attached hereto as Exhibit D.
Anything in this Supplemental Indenture or in the Bonds of the
Thirty-eighth Series to the contrary notwithstanding, if, at the time of the
Maturity of the Bonds of the Thirty-eighth Series, the stated aggregate
principal amount of such Bonds then Outstanding shall exceed the aggregate
principal amount of 1999B Revenue Bonds then outstanding, the aggregate
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principal amount of such Bonds shall be deemed to have been reduced by the
amount of such excess.
(III) For all purposes of this Article I, except as otherwise
expressly provided or unless the context otherwise requires, the terms defined
below shall have the meanings specified:
"CITY" means the City of Forsyth, Montana, a political subdivision
of the State of Montana.
"1999B LOAN AGREEMENT" means the Loan Agreement, dated as of
September 1, 1999, between the City and the Company, relating to the 1999B
Revenue Bonds, as amended and restated in its entirety by the First
Supplemental Loan Agreement, dated as of May 1, 2005, between the City and
the Company.
"1999B REVENUE BONDS" means the Pollution Control Revenue Refunding
Bonds (Avista Corporation Colstrip Project) Series 1999B issued by the
City.
"1999B REVENUE BOND INDENTURE" means the Trust Indenture, dated as
of September 1, 1999, between the City and X.X. Xxxxxx Trust Company,
National Association (successor in interest to Chase Manhattan Bank and
Trust Company, National Association), trustee, relating to the 1999B
Revenue Bonds, as amended and restated in its entirety by the First
Supplemental Trust Indenture, dated as of May 1, 2005, between the City
and X.X. Xxxxxx Trust Company, National Association.
"1999B REVENUE BOND TRUSTEE" means the trustee under the 0000X
Xxxxxxx Xxxx Xxxxxxxxx.
Copies of the 1999B Revenue Bond Indenture, the 1999B Loan Agreement
and the Policy are on file at the office of the 1999B Revenue Bond Trustee at
000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxxxxxxx, XX 00000 and at the office of the
Company at 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxxxx, XX 00000.
ARTICLE III
OUTSTANDING BONDS
Upon the delivery of this Thirty-eighth Supplemental Indenture,
Bonds of the Thirty-seventh Series in the aggregate principal amount of
$66,700,000 and Bonds of the Thirty-eighth Series in the aggregate principal
amount of $17,000,000 are to be issued and will be Outstanding, in addition to
$856,350,000 aggregate principal amount of bonds of prior series Outstanding at
the date of delivery of this Thirty-eighth Supplemental Indenture.
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ARTICLE IV
PROSPECTIVE AMENDMENT
SECTION 1. The owners of the Bonds of the Thirty-seventh and
Thirty-eighth Series shall be deemed to have consented to the amendment of
Section 28 of the Original Mortgage to add at the end thereof a new paragraph
reading as follows:
Notwithstanding the foregoing, any Opinion of Counsel delivered
pursuant to subdivision (7) of this Section 28, or pursuant to any other
provision of this Indenture by reference to this Section 28, may, at the
election of the Company, omit any or all of the statements contained in
clause (a) of subdivision (7) if there shall have been delivered to the
Trustee a policy of title insurance (or endorsement thereto) issued by a
nationally recognized title insurance company, in an amount not less than
twenty-eight percent (28%)1 of the cost or fair value to the Company
(whichever is less) of the Property Additions made the basis of such
application, insuring, in customary terms, against risk of loss sustained
or incurred by the Trustee by reason of any circumstances or conditions by
virtue of which the statements omitted from clause (a) of such Opinion of
Counsel would not have been accurate if made.
ARTICLE V
MISCELLANEOUS PROVISIONS
SECTION 1. The terms defined in the Original Mortgage shall, for all
purposes of this Thirty-eighth Supplemental Indenture, have the meanings
specified in the Original Mortgage.
SECTION 2. The Trustee hereby confirms its acceptance of the trusts
in the Original Mortgage declared, provided, created or supplemented and agrees
to perform the same upon the terms and conditions in the Original Mortgage set
forth, including the following:
The Trustee shall not be responsible in any manner whatsoever for or
in respect of the validity or sufficiency of this Thirty-eighth Supplemental
Indenture or for or in respect of the recitals contained herein, all of which
recitals are made by the Company solely. Each and every term and condition
contained in Article XVI of the Original Mortgage, shall apply to and form part
of this Thirty-eighth Supplemental Indenture with the same force and effect as
if the same were herein set forth in full, with such omissions, variations and
insertions, if any, as may be appropriate to make the same conform to the
provisions of this Thirty-eighth Supplemental Indenture.
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(1) The owners of the Bonds of the Thirty-seventh and Thirty-eighth Series shall
be deemed to have consented to the amendment contained in this Section 1 of
Article II, either with the percentage shown above or with any higher
percentage.
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SECTION 3. Whenever in this Thirty-eighth Supplemental Indenture
either of the parties hereto is named or referred to, this shall, subject to the
provisions of Articles XV and XVI of the Original Mortgage be deemed to include
the successors and assigns of such party, and all the covenants and agreements
in this Thirty-eighth Supplemental Indenture contained by or on behalf of the
Company, or by or on behalf of the Trustee, or either of them, shall, subject as
aforesaid, bind and inure to the respective benefits of the respective
successors and assigns of such parties, whether so expressed or not.
SECTION 4. Nothing in this Thirty-eighth Supplemental Indenture,
expressed or implied, is intended, or shall be construed, to confer upon, or to
give to, any person, firm or corporation, other than the parties hereto and the
holders of the bonds and coupons Outstanding under the Mortgage, any right,
remedy or claim under or by reason of this Thirty-eighth Supplemental Indenture
or any covenant, condition, stipulation, promise or agreement hereof, and all
the covenants, conditions, stipulations, promises and agreements in this
Thirty-eighth Supplemental Indenture contained by or on behalf of the Company
shall be for the sole and exclusive benefit of the parties hereto, and of the
holders of the bonds and of the coupons Outstanding under the Mortgage.
SECTION 5. This Thirty-eighth Supplemental Indenture shall be
executed in several counterparts, each of which shall be an original and all of
which shall constitute but one and the same instrument.
SECTION 6. The titles of the several Articles of this Thirty-eighth
Supplemental Indenture shall not be deemed to be any part thereof.
12
IN WITNESS WHEREOF, on the 13th day of May, 2005, AVISTA CORPORATION
has caused its corporate name to be hereunto affixed, and this instrument to be
signed and sealed by its President or one of its Vice Presidents, and its
corporate seal to be attested by its Corporate Secretary or one of its Assistant
Corporate Secretaries for and in its behalf, all in The City of Spokane,
Washington, as of the day and year first above written; and on the 13th day of
May, 2005, CITIBANK, N.A., has caused its corporate name to be hereunto affixed,
and this instrument to be signed and sealed by its President or one of its Vice
Presidents or one of its Senior Trust Officers or one of its Trust Officers and
its corporate seal to be attested by one of its Vice Presidents or one of its
Trust Officers, all in The City of New York, New York, as of the day and year
first above written.
AVISTA CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
--------------------------------
Senior Vice President
Attest:
/s/ Xxxxx X. Xxxxx
----------------------------------------
Assistant Corporate Secretary
Executed, sealed and delivered
by AVISTA CORPORATION
in the presence of:
/s/ Xxxxx X. Xxxxxx
----------------------------------------
Xxxxx X. Xxxxxx
/s/ Xxxx X. Xxxxxxx
----------------------------------------
Xxxx X. Xxxxxxx
13
CITIBANK, N.A., AS TRUSTEE
By: /s/ Xxxxx Xxxx
--------------------------------
Xxxxx Xxxx, Vice President
Attest:
/s/ Xxxxx Xxxxx
-------------------------------------------
Xxxxx Xxxxx, Assistant Vice President
Executed, sealed and delivered
by CITIBANK, N.A.,
as trustee. in the presence of:
/s/ X. X. Xxxxxxxx
-------------------------------------------
X. X. Xxxxxxxx, Vice President
/s/ Xxxx X. Xxxxxx
-------------------------------------------
Xxxx X. Xxxxxx, Vice President
14
STATE OF WASHINGTON )
) ss.:
COUNTY OF SPOKANE )
On the 13th day of May, 2005, before me personally appeared Xxxxx
Xxxxxxxx, to me known to be a Senior Vice President of AVISTA CORPORATION, one
of the corporations that executed the within and foregoing instrument, and
acknowledged said instrument to be the free and voluntary act and deed of said
Corporation for the uses and purposes therein mentioned and on oath stated that
he was authorized to execute said instrument and that the seal affixed is the
corporate seal of said Corporation.
On the 13th day of May, 2005, before me, Xxxxx X. Xxxxxxx, a Notary
Public in and for the State and County aforesaid, personally appeared Xxxxx
Xxxxxxxx, known to me to be a Senior Vice President of AVISTA CORPORATION, one
of the corporations that executed the within and foregoing instrument and
acknowledged to me that such Corporation executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year first above written.
/s/ Xxxxx X. Xxxxxxx
--------------------------------
Notary Public
Xxxxx X. Xxxxxxx
Notary Public
State of Washington
Commission Expires 7-03-08
15
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
On the 10th day of May, 2005, before me personally appeared Xxxxx
Xxxx, to me known to be a Vice President of CITIBANK, N.A., one of the
corporations that executed the within and foregoing instrument, and acknowledged
said instrument to be the free and voluntary act and deed of said Corporation
for the uses and purposes therein mentioned and on oath stated that he was
authorized to execute said instrument and that the seal affixed is the corporate
seal of said Corporation.
On the 10th day of May, 2005, before me, a Notary Public in and for
the State and County aforesaid, personally appeared Xxxxx Xxxx, known to me to
be an Vice President of CITIBANK, N.A., one of the corporations that executed
the within and foregoing instrument and acknowledged to me that such Corporation
executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my
official seal the day and year first above written.
/s/ Xxxxxxx Xxxxxx
--------------------------------
Notary Public
XXXXXXX XXXXXX
Notary Public, State of New York
No. 01MU6086415
Qualified in Kings County
Commission Expires 1/21/07
16
EXHIBIT A
MORTGAGE, SUPPLEMENTAL INDENTURES
AND SERIES OF BONDS
MORTGAGE OR SERIES
SUPPLEMENTAL ----------------------------------- PRINCIPAL AMOUNT PRINCIPAL AMOUNT
INDENTURE DATED AS OF NO. DESIGNATION ISSUED OUTSTANDING
-------------- ----------------- --- ---------------------------- ---------------- ----------------
Original June 1, 1939 1 3-1/2% Series due 1964 $ 22,000,000 None
First October 1, 1952 2 3-3/4% Series due 1982 30,000,000 None
Second May 1, 1953 3 3-7/8% Series due 1983 10,000,000 None
Third December 1, 1955 None
Xxxxxx Xxxxx 00, 0000 Xxxx
Xxxxx July 1, 1957 4 4-7/8% Series due 1987 30,000,000 None
Sixth January 1, 1958 5 4-1/8% Series due 1988 20,000,000 None
Seventh August 1, 1958 6 4-3/8% Series due 1988 15,000,000 None
Eighth January 1, 1959 7 4-3/4% Series due 1989 15,000,000 None
Ninth January 1, 1960 8 5-3/8% Series due 1990 10,000,000 None
Tenth April 1, 1964 9 4-5/8% Series due 1994 30,000,000 None
Eleventh March 1,1965 10 4-5/8% Series due 1995 10,000,000 None
Twelfth May 1, 1966 None
Thirteenth August 1, 1966 11 6% Series due 1996 20,000,000 None
Fourteenth April 1, 1970 12 9-1/4% Series due 2000 20,000,000 None
Fifteenth May 1, 1973 13 7-7/8% Series due 2003 20,000,000 None
Sixteenth February 1, 1975 14 9-3/8% Series due 2005 25,000,000 None
Seventeenth November 1, 1976 15 8-3/4% Series due 2006 30,000,000 None
Eighteenth June 1, 1980 None
Nineteenth January 1, 1981 16 14-1/8% Series due 1991 40,000,000 None
Twentieth August 1, 1982 17 15-3/4% Series due 60,000,000 None
1990-1992
Twenty-First September 1, 1983 18 13-1/2% Series due 2013 60,000,000 None
Twenty-Second March 1, 1984 19 13-1/4% Series due 1994 60,000,000 None
Twenty-Third December 1, 1986 20 9-1/4% Series due 2016 80,000,000 None
Twenty-Fourth January 1, 1988 21 10-3/8% Series due 2018 50,000,000 None
Twenty-Fifth October 1, 1989 22 7-1/8% Series due 2013 66,700,000 None
23 7-2/5% Series due 2016 17,000,000 None
Twenty-Sixth April 1, 1993 24 Secured Medium-Term 250,000,000 73,500,000
Notes, Series A
($250,000,000 authorized)
Twenty-Seventh January 1, 1994 25 Secured Medium-Term 161,000,000 59,000,000
Notes, Series B
($250,000,000 authorized)
Twenty-Eighth September 1, 2001 26 Collateral Series due 2002 220,000,000 None
Twenty-Ninth December 1, 2001 27 7.75% Series due 2007 150,000,000 150,000,000
Thirtieth May 1, 2002 28 Collateral Series due 2003 225,000,000 None
Thirty-First May 1, 2003 29 Collateral Series due 2004 245,000,000 None
Thirty-Second September 1, 2003 30 6.125% Series due 2013 45,000,000 45,000,000
Thirty-Third May 1, 2004 31 Collateral Series due 2005 350,000,000 None
Thirty-Fourth November 1, 2004 32 5.45% Series due 2019 90,000,000 90,000,000
Thirty-Fifth December 1, 2004 33 Collateral Series 2004A 88,850,000 88,850,000
Thirty-Sixth December 1, 2004 34 Collateral Series 2004B 66,700,000 66,700,000(1)
35 Collateral Series 2004C 17,000,000 17,000,000(2)
Thirty-Seventh December 1, 2004 36 Collateral Series 2004 D 350,000,000 350,000,000
--------------
(1) To be retired in connection with the delivery of a like principal amount
of First Mortgage Bonds, Collateral Series 2005B.
(2) To be retired in connection with the delivery of a like principal amount
of First Mortgage Bonds, Collateral Series 2005C.
A-1
EXHIBIT B
FILING AND RECORDING OF
THIRTY-FOURTH SUPPLEMENTAL INDENTURE
FILING IN STATE OFFICES
FINANCING STATEMENT
STATE OFFICE OF DATE DOCUMENT NUMBER
----- --------- ---- ---------------
Washington Secretary of State 1/26/05 2005-026-8690-4
Idaho Secretary of State 1/26/05 B-2005-0979190-4
Montana Secretary of State 1/26/05 81315361
Oregon Secretary of State 1/26/05 6816615
California Secretary of State 1/27/05 05-0000000000
RECORDING IN COUNTY OFFICES
REAL ESTATE MORTGAGE RECORDS FINANCING
----------------------------------- STATEMENT
DOCUMENT DOCUMENT
COUNTY OFFICE OF DATE NUMBER BOOK PAGE NUMBER
------ --------- ---- ------ ---- ---- ------
WASHINGTON
Xxxxx Auditor 1/25/05 276342 N/A N/A N/A
Asotin Auditor 1/25/05 281342 N/A N/A N/A
Xxxxxx Auditor 1/25/05 2005-002533 N/A N/A N/A
Xxxxxxx Auditor 1/25/05 3081556 N/A N/A N/A
Ferry Auditor 1/25/05 261291 N/A N/A N/A
Franklin Auditor 1/25/05 1657090 N/A N/A N/A
Garfield Auditor 1/25/05 0000 X/X X/X X/X
Grant Auditor 1/25/05 1163161 N/A N/A N/A
Klickitat Auditor 1/26/05 1051328 N/A N/A N/A
Xxxxx Auditor 1/26/05 3214672 N/A N/A N/A
Lincoln Auditor 1/25/05 2005-0435348 86 3660 N/A
Pend Oreille Auditor 1/25/05 2005-0279310 N/A N/A N/A
Skamania Auditor 1/27/05 2005-156048 N/A N/A N/A
Spokane Auditor 1/28/05 5174247 N/A N/A N/A
Xxxxxxx Auditor 1/25/05 2005-0000898 322 1521 N/A
Xxxxxxxx Auditor 1/27/05 3705299 N/A N/A N/A
Xxxxxxx Auditor 1/25/05 660809 N/A N/A N/A
IDAHO
Benewah Recorder 1/25/05 237007 N/A N/A N/A
B-1
Xxxxxx Recorder 1/25/05 668094 N/A N/A N/A
Boundary Recorder 1/25/05 218721 N/A N/A N/A
Clearwater Recorder 1/25/05 198277 N/A N/A N/A
Idaho Recorder 1/25/05 439741 N/A N/A N/A
Kootenai Recorder 1/25/05 1926058 N/A N/A N/A
Latah Recorder 1/26/05 493475 N/A N/A N/A
Xxxxx Recorder 1/25/05 131784 N/A N/A N/A
Nez Perce Recorder 1/25/05 713780 N/A N/A N/A
Shoshone Recorder 1/27/05 421600 N/A N/A N/A
MONTANA
Big Horn Clerk & Recorder 1/26/05 332575 79 754 N/A
Xxxxxxxxxx Clerk & Recorder 1/26/05 149711 81 814 N/A
Golden Valley Clerk & Recorder 1/26/05 76528 M 11547 N/A
Xxxxxxx Clerk & Recorder 1/26/05 114246 F60 652 N/A
Mineral Clerk & Recorder 1/26/05 97083 N/A N/A N/A
Rosebud Clerk & Recorder 1/26/05 97440 110 933 N/A
Xxxxxxx Clerk & Recorder 1/26/05 48799 1 48799 N/A
Stillwater Clerk & Recorder 1/26/05 320817 N/A N/A N/A
Treasure Clerk & Recorder 1/26/05 79095 M17 363 N/A
Wheatland Clerk & Recorder 1/26/05 102696 M 15820 N/A
Yellowstone Clerk & Recorder 1/26/05 3320182 N/A N/A N/A
OREGON
Xxxxxxx Recorder 1/27/05 2005-002485 N/A N/A N/A
Xxxxxxx Recorder 1/27/05 2005-004794 N/A N/A N/A
Xxxxxxxxx Recorder 1/26/05 2005-002053 N/A N/A N/A
Klamath Recorder 1/28/05 N/A M05 6220 N/A
Xxxxxx Recorder 1/28/05 2005-13043 N/A N/A N/A
Union Recorder 1/26/05 2005-0417 N/A N/A N/A
Wallowa Recorder 1/26/05 53892 Ind. 00000 X/X
XXXXXXXXXX
Xx Xxxxxx Recorder 2/3/05 2005-0009132-00 N/A N/A N/A
B-2
FILING AND RECORDING OF
THIRTY-FIFTH SUPPLEMENTAL INDENTURE
FILING IN STATE OFFICES
FINANCING STATEMENT
STATE OFFICE OF DATE DOCUMENT NUMBER
----- --------- ---- ---------------
Washington Secretary of State 2/24/05 2005-055-6338-7
Idaho Secretary of State 2/24/05 B-2005-0980577-0
Montana Secretary of State 2/24/05 81714778
Oregon Secretary of State 2/24/05 6840898
California Secretary of State 2/24/05 05-7017148114
RECORDING IN COUNTY OFFICES
REAL ESTATE MORTGAGE RECORDS FINANCING
------------------------------------------------ STATEMENT
DOCUMENT DOCUMENT
COUNTY OFFICE OF DATE NUMBER BOOK PAGE NUMBER
------ --------- ---- ------ ---- ---- ------
WASHINGTON
Xxxxx Auditor 2/23/05 276617 N/A N/A N/A
Asotin Auditor 2/23/05 281851 N/A N/A N/A
Xxxxxx Auditor 2/23/05 2005-005541 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 3082433 N/A N/A N/A
Ferry Auditor 2/23/05 261513 N/A N/A N/A
Franklin Auditor 2/23/05 1658465 N/A N/A N/A
Garfield Auditor 2/23/05 0000 X/X X/X X/X
Grant Auditor 2/23/05 1164608 N/A N/A N/A
Klickitat Auditor 2/24/05 1051844 N/A N/A N/A
Xxxxx Auditor 2/24/05 3216535 N/A N/A N/A
Lincoln Auditor 2/23/05 2005-0435613 86 4632 N/A
Pend Oreille Auditor 2/25/05 2005-0279677 N/A N/A N/A
Skamania Auditor 2/25/05 2005-156379 N/A N/A N/A
Spokane Auditor 3/7/05 5187605 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 2005-0001965 323 2630 N/A
Xxxxxxxx Auditor 2/25/03 3711539 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 661313 N/A N/A N/A
IDAHO
Benewah Recorder 2/23/05 237307 N/A N/A N/A
Xxxxxx Recorder 2/24/05 670862 N/A N/A N/A
B-3
Boundary Recorder 2/23/05 219104 N/A N/A N/A
Clearwater Recorder 2/23/05 198488 N/A N/A N/A
Idaho Recorder 2/23/05 440222 N/A N/A N/A
Kootenai Recorder 2/24/05 1931514 N/A N/A N/A
Latah Recorder 2/23/05 494014 N/A N/A N/A
Xxxxx Recorder 2/23/05 131869 N/A N/A N/A
Nez Perce Recorder 2/23/05 714612 N/A N/A N/A
Shoshone Recorder 2/23/05 422045 N/A N/A N/A
MONTANA
Big Horn Clerk & Recorder 2/24/05 332697 80 159 N/A
Xxxxxxxxxx Clerk & Recorder 2/24/05 149896 82 434 N/A
Golden Valley Clerk & Recorder 2/25/05 76560 M 11597 N/A
Xxxxxxx Clerk & Recorder 2/24/05 114388 F60 902 N/A
Mineral Clerk & Recorder 2/24/05 97222 N/A N/A N/A
Rosebud Clerk & Recorder 2/25/05 97586 111 89 N/A
Xxxxxxx Clerk & Recorder 2/24/05 49098 1 49098 N/A
Stillwater Clerk & Recorder 2/24/05 321247 N/A N/A N/A
Treasure Clerk & Recorder 2/24/05 79136 17 403 N/A
Wheatland Clerk & Recorder 2/24/05 103019 M 15896 N/A
Yellowstone Clerk & Recorder 2/25/05 3323358 N/A N/A N/A
OREGON
Xxxxxxx Recorder 2/24/05 2005-004967 N/A N/A N/A
Xxxxxxx Recorder 2/28/05 2005-010718 N/A N/A N/A
Xxxxxxxxx Recorder 2/25/05 2005-004553 N/A N/A N/A
Klamath Recorder 2/28/05 N/A M05 12752 N/A
Xxxxxx Recorder 2/24/05 2005-13243 N/A N/A N/A
Union Recorder 2/24/05 2005-0892 N/A N/A N/A
Wallowa Recorder 2/24/05 54153 Mrtg. 52541 N/A
CALIFORNIA
El Dorado Recorder 3/2/05 2005-0016743-00 N/A N/A N/A
B-4
FILING AND RECORDING OF
THIRTY-SIXTH SUPPLEMENTAL INDENTURE
FILING IN STATE OFFICES
FINANCING STATEMENT
STATE OFFICE OF DATE DOCUMENT NUMBER
----- --------- ---- ---------------
Washington Secretary of State 2/24/05 2005-055-6360-8
Idaho Secretary of State 2/24/05 B-2005-0980578-9
Montana Secretary of State 2/24/05 81715042
Oregon Secretary of State 2/24/05 6840909
California Secretary of State 2/24/05 05-7017148972
RECORDING IN COUNTY OFFICES
REAL ESTATE MORTGAGE RECORDS FINANCING
------------------------------------------------ STATEMENT
DOCUMENT DOCUMENT
COUNTY OFFICE OF DATE NUMBER BOOK PAGE NUMBER
------ --------- ---- ------ ---- ---- ------
WASHINGTON
Xxxxx Auditor 2/23/05 276618 N/A N/A N/A
Asotin Auditor 2/23/05 281852 N/A N/A N/A
Xxxxxx Auditor 2/23/05 2005-005542 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 3082434 N/A N/A N/A
Ferry Auditor 2/23/05 261514 N/A N/A N/A
Franklin Auditor 2/23/05 1658466 N/A N/A N/A
Garfield Auditor 2/23/05 0000 X/X X/X X/X
Grant Auditor 2/23/05 1164609 N/A N/A N/A
Klickitat Auditor 2/24/05 1051845 N/A N/A N/A
Xxxxx Auditor 2/24/05 3216536 N/A N/A N/A
Lincoln Auditor 2/23/05 2005-0435614 86 4661 N/A
Pend Oreille Auditor 2/25/05 2005-0279678 N/A N/A N/A
Skamania Auditor 2/25/05 2005-156380 N/A N/A N/A
Spokane Auditor 3/7/05 5187604 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 2005-0001966 323 2659 N/A
Xxxxxxxx Auditor 2/25/03 3711540 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 661314 N/A N/A N/A
IDAHO
Benewah Recorder 2/23/05 237308 N/A N/A N/A
B-5
Xxxxxx Recorder 2/24/05 670863 N/A N/A N/A
Boundary Recorder 2/23/05 219105 N/A N/A N/A
Clearwater Recorder 2/23/05 198489 N/A N/A N/A
Idaho Recorder 2/23/05 440223 N/A N/A N/A
Kootenai Recorder 2/24/05 1931515 N/A N/A N/A
Latah Recorder 2/23/05 494015 N/A N/A N/A
Xxxxx Recorder 2/23/05 131870 N/A N/A N/A
Nez Perce Recorder 2/23/05 714613 N/A N/A N/A
Shoshone Recorder 2/23/05 422046 N/A N/A N/A
MONTANA
Big Horn Clerk & Recorder 2/24/05 332698 80 188 N/A
Xxxxxxxxxx Clerk & Recorder 2/24/05 149897 82 463 N/A
Golden Valley Clerk & Recorder 2/25/05 76561 M 11625 N/A
Xxxxxxx Clerk & Recorder 2/24/05 114389 F60 931 N/A
Mineral Clerk & Recorder 2/24/05 97223 N/A N/A N/A
Rosebud Clerk & Recorder 2/25/05 97587 111 118 N/A
Xxxxxxx Clerk & Recorder 2/24/05 49099 1 49099 N/A
Stillwater Clerk & Recorder 2/24/05 321248 N/A N/A N/A
Treasure Clerk & Recorder 2/24/05 79137 17 432 N/A
Wheatland Clerk & Recorder 2/24/05 103020 M 15924 N/A
Yellowstone Clerk & Recorder 2/25/05 3323359 N/A N/A N/A
OREGON
Xxxxxxx Recorder 2/24/05 2005-004968 N/A N/A N/A
Xxxxxxx Recorder 2/28/05 2005-010719 N/A N/A N/A
Xxxxxxxxx Recorder 2/25/05 2005-004554 N/A N/A N/A
Klamath Recorder 2/28/05 N/A M05 12781 N/A
Xxxxxx Recorder 2/24/05 2005-13244 N/A N/A N/A
Union Recorder 2/24/05 2005-0893 N/A N/A N/A
Wallowa Recorder 2/24/05 54154 Mrtg. 52542 N/A
CALIFORNIA
El Dorado Recorder 3/2/05 2005-0016744-00 N/A N/A N/A
B-6
FILING AND RECORDING OF
THIRTY-SEVENTH SUPPLEMENTAL INDENTURE
FILING IN STATE OFFICES
FINANCING STATEMENT
STATE OFFICE OF DATE DOCUMENT NUMBER
----- --------- ---- ---------------
Washington Secretary of State 2/24/05 2005-055-6361-5
Idaho Secretary of State 2/24/05 B-2005-0980576-1
Montana Secretary of State 2/24/05 81715668
Oregon Secretary of State 2/24/05 6840676
California Secretary of State 2/24/05 05-7017149488
RECORDING IN COUNTY OFFICES
REAL ESTATE MORTGAGE RECORDS FINANCING
------------------------------------------------ STATEMENT
DOCUMENT DOCUMENT
COUNTY OFFICE OF DATE NUMBER BOOK PAGE NUMBER
------ --------- ---- ------ ---- ---- ------
WASHINGTON
Xxxxx Auditor 2/23/05 276619 N/A N/A N/A
Asotin Auditor 2/23/05 281853 N/A N/A N/A
Xxxxxx Auditor 2/23/05 2005-005543 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 3082435 N/A N/A N/A
Ferry Auditor 2/23/05 261515 N/A N/A N/A
Franklin Auditor 2/23/05 1658467 N/A N/A N/A
Garfield Auditor 2/23/05 0000 X/X X/X X/X
Grant Auditor 2/23/05 1164610 N/A N/A N/A
Klickitat Auditor 2/24/05 1051846 N/A N/A N/A
Xxxxx Auditor 2/24/05 3216537 N/A N/A N/A
Lincoln Auditor 2/23/05 2005-0435615 86 4686 N/A
Pend Oreille Auditor 2/25/05 2005-0279679 N/A N/A N/A
Skamania Auditor 2/25/05 2005-156381 N/A N/A N/A
Spokane Auditor 3/7/05 5187603 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 2005-0001967 323 2684 N/A
Xxxxxxxx Auditor 2/25/05 3711541 N/A N/A N/A
Xxxxxxx Auditor 2/23/05 661315 N/A N/A N/A
IDAHO
Benewah Recorder 2/23/05 237309 N/A N/A N/A
B-7
Xxxxxx Recorder 2/24/05 670864 N/A N/A N/A
Boundary Recorder 2/23/05 219106 N/A N/A N/A
Clearwater Recorder 2/23/05 198490 N/A N/A N/A
Idaho Recorder 2/23/05 440224 N/A N/A N/A
Kootenai Recorder 2/24/05 1931516 N/A N/A N/A
Latah Recorder 2/23/05 494016 N/A N/A N/A
Xxxxx Recorder 2/23/05 131871 N/A N/A N/A
Nez Perce Recorder 2/23/05 714614 N/A N/A N/A
Shoshone Recorder 2/23/05 422047 N/A N/A N/A
MONTANA
Big Horn Clerk & Recorder 2/24/05 332699 80 213 N/A
Xxxxxxxxxx Clerk & Recorder 2/24/05 149898 82 488 N/A
Golden Valley Clerk & Recorder 2/25/05 76562 M 11650 N/A
Xxxxxxx Clerk & Recorder 2/24/05 114390 F60 956 N/A
Mineral Clerk & Recorder 2/24/05 97224 N/A N/A N/A
Rosebud Clerk & Recorder 2/25/05 97588 111 143 N/A
Xxxxxxx Clerk & Recorder 2/24/05 49100 1 49100 N/A
Stillwater Clerk & Recorder 2/24/05 321249 N/A N/A N/A
Treasure Clerk & Recorder 2/24/05 79138 17 457 N/A
Wheatland Clerk & Recorder 2/24/05 103021 M 15948 N/A
Yellowstone Clerk & Recorder 2/25/05 3323360 N/A N/A N/A
OREGON
Xxxxxxx Recorder 2/24/05 2005-004969 N/A N/A N/A
Xxxxxxx Recorder 2/28/05 2005-010720 N/A N/A N/A
Xxxxxxxxx Recorder 2/25/05 2005-004555 N/A N/A N/A
Klamath Recorder 2/28/05 N/A M05 12806 N/A
Xxxxxx Recorder 2/24/05 2005-13245 N/A N/A N/A
Union Recorder 2/24/05 2005-0894 N/A N/A N/A
Wallowa Recorder 2/24/05 54155 Mrtg 52543 N/A
CALIFORNIA
El Dorado Recorder 3/2/05 2005-0016745-00 N/A N/A N/A
B-8
EXHIBIT C
PROPERTY ADDITIONS
(1) XXXXXX COUNTY, IDAHO: "CABINET GORGE MITIGATION"; PROPERTY NO. ID-7B-251;
GRANTOR: INLAND NORTHWEST LAND TRUST:
PARCEL 1:
The West Half of the Northwest Quarter of the Xxxxxxxxx Xxxxxxx (X-0/0
XX-0/0 SW-1/4) of Section 11, Township 57 North, Range 1 East, Boise
Meridian, Xxxxxx County, Idaho.
PARCEL 2:
The East Half of the Northwest Quarter of the Xxxxxxxxx Xxxxxxx (X-0/0
XX-0/0 SW-1/4) of Section 11, Township 57 North, Range 1 East, Boise
Meridian, Xxxxxx County, Idaho.
PARCEL 3:
A parcel of land lying in a portion of the South Half (S-1/2) of Section
11, Township 57 North, Range 1 East, Boise Meridian, Xxxxxx County, Idaho,
more particularly described as follows:
Commencing at the center quarter corner of said Section 11, a found 3-1/4"
aluminum cap, monumenting said corner, which bears North 00(0)00'02" East,
2631.61 feet from the South quarter corner of said Section 11, a found
3-1/4" aluminum cap, monumenting said corner;
thence South 89(0)51'30" West, 452.96 feet, along the East-West centerline
of said Section 11, to the Point of Beginning;
thence continuing South 89(0)51'30" West, 878.15 feet to the Center-West
1/16th corner;
thence South 00(0)02'51" East, 1689.29 feet along the North-South West
1/16th line to a point in the centerline of an existing 40 foot wide road
easement (Trestle Creek Road);
thence Northeasterly along said existing road centerline the following two
(2) courses:
1. Northeasterly along a 1000.00 foot radius curve right (the chord of
which bears North 54(0)43'32" East, 182.81 feet) through a central angle
of 10(0)29'20", an arc distance of 183.06 feet;
2. North 59(0)58'12" East, 142.21 feet;
thence leaving said xxxxxxxx xxxx xxxxxxxxxx, Xxxxx 00(0)00'00" East,
107.59 feet;
thence South 32(0)15'27" East, 40 feet, more or less, to the thread of
Trestle Creek;
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thence Northeasterly along said thread of Trestle Creek, 612 feet, more or
less, to a point in a line which bears South from the Point of Beginning;
thence leaving said thread of Trestle Creek, North 1408 feet, more or
less, to the Point of Beginning.
TOGETHER WITH AND SUBJECT TO a 10 foot wide utility easement lying on each
side, parallel with and adjoining to the existing 40 foot wide ingress and
egress road easement (Trestle Creek Road)
PARCEL 4:
A tract of land located in a portion of Section 11, Township 57 North,
Range 1 East of the Boise Meridian, Xxxxxx County, Idaho, more
particularly described as follows:
Commencing at the Southwest corner of said Section 11;
thence North along the West line of Section 11, a distance of 204.00 feet
to corner number 2 of that parcel of land described in Instrument No.
86437, records of Xxxxxx County, Idaho, said point being the True Point of
Beginning;
thence continuing North along said West line of Section 11, a distance of
76.83 feet;
thence North 82(0)19'15" East, a distance of 87.33 feet;
thence South 24(0)42'57" East, a distance of 119.65 feet;
thence South 31(0)13'40" West, a distance of 128.42 feet to corner number
4 of said parcel;
thence North a distance of 130.00 feet to corner number 3 of said parcel;
thence West, a distance of 70.00 feet to the True Point of Beginning.
LESS the Forest Service Road right of way.
PARCEL 5:
A parcel of land in Government Xxx 0, Xxxxxxx 00, Xxxxxxxx 00 Xxxxx, Xxxxx
1 East, Boise Meridian, Xxxxxx County, Idaho, described as follows:
Beginning at the position of the Section corner common to Sections 10, 11,
14 and 15, from which a Reference Monument (brass cap on an iron pipe)
bears North 12(0)55'31" East, 15.51 feet;
thence North 0(0)03'30" West along the Section line common to Sections 10
and 11, 201.39 feet to corner 1 and the True Point of Beginning, a 3/4" x
30" rebar with a Standard Forest Service Aluminum Cap, marked USDA-FS X00
XXX 0 XXX XX 000 PLS 4343 1994;
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thence North 0(0)03'30" West along the same line, 79.44 feet to corner 2,
a 3/4" x 30" rebar with a Standard Forest ServicE Aluminum Cap, marked
USDA-FS S10 COR 2 STA ID 150 PLS 4343 1994;
thence South 89(0)20'08" West, 70.99 feet to corner 3, a 3/4" x 30" rebar
with a Standard Forest Service Aluminum Cap marked USDA-FS S10 COR 3 STA
ID 150 PLS 4343 1994;
thence South 28(0)30'27" East, 104.93 feet to corner 4, a 3/4" x 30" rebar
with a Standard Forest Service Aluminum Cap marked USDA-FS S10 COR 4 STA
ID 150 PLS 4343 1994;
thence North 57(0)04'14" East, 25.00 feet to corner 1 and the True Point
of Beginning.
PARCEL 6:
The Southwest Quarter of the Southeast Quarter (SW-1/4 SE-1/4) of Section
3, Township 53 North, Range 1 West, Boise Meridian, Xxxxxx County, Idaho.
EXCEPT a tract of land in the Xxxxxxxxx Xxxxxxx xx xxx Xxxxxxxxx Xxxxxxx
(XX-0/0 SE-1/4) of said Section 3, more fully described as follows:
Beginning at the South quarter corner of said Section 3, thence North
89(0)52'50" East, 145.3 feet:
thence North 31(0)43'20" East, 1546.6 feet;
thence South 8(0)00'40" East, 149.7 feet to the True Point of Beginning;
thence South 81(0)59'20" West, 10.0 feet;
thence South 31(0)12'20" West, 44.3 feet;
thence South 8(0)00'40" East, 215.7 feet;
thence North 81(0)59'20" East, 100.00 feet;
thence North 8(0)00'40" West, 250.0 feet;
thence South 81(0)59'20" West, 62.0 feet, more or less, to the True Point
of Beginning;
ALSO EXCEPT a tract Beginning at the Southeast corner of the Xxxxxxxxx
xxxxxxx xx xxx Xxxxxxxxx xxxxxxx (XX-0/0 SE-1/4) of Section 3, Township 53
North, Range 1 West, Boise Meridian, Xxxxxx County, Idaho;
thence North along the East line of said 1/16th section, a distance of
1060 feet;
thence West to the center of South Gold Creek;
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thence Southerly along the centerline of said creek to the South line of
said 1/16th section;
thence East along the South line of said 1/16th section to the Point of
Beginning;
ALSO EXCEPT commencing at the Southwest corner of the Southwest Quarter of
the Southeast Quarter (SW-1/4 SE-1/4) of Section 3, Township 53 North,
Range 1 West, Boise Meridian, Xxxxxx County, Idaho;
thence North along the West line of said 1/16th section a distance of 860
feet;
thence East to the center of South Gold Creek:
thence Southerly along the centerline of said South Gold Creek to the
South line of said 1/16th section;
thence West along the South line of said 1/16th section to the Point of
Beginning.
ALSO EXCEPT an "L" shaped portion of land in Xxxxxxx 0, Xxxxxxxx 00 Xxxxx,
Xxxxx 1 West, Boise Meridian, Xxxxxx County, Idaho, generally located in
the Southeast corner of Lot 5, and the Northeast corner of the Southeast
Quarter of the Xxxxxxxxx Xxxxxxx (XX-0/0 XX-0/0);
And the Northwest corner of the Southwest Quarter of the Southeast Quarter
(SW-1/4 SE-1/4) more fully described as follows:
Beginning at that point at which the South end of the East boundary line
of Lot 5 meets the West end of the North boundary line of the Xxxxxxxxx
Xxxxxxx xx xxx Xxxxxxxxx Xxxxxxx (XX-0/0 SE-1/4) and proceeding North
along said East line of Lot 5 for a distance of 310 feet;
thence West at a right angle from said East line of Lot 5 for a distance
of 188 feet;
thence South parallel with the East line of Lot 5 and with the Northerly
portion of the West boundary line of the Xxxxxxxxx Xxxxxxx xx xxx
Xxxxxxxxx Xxxxxxx (XX-0/0 SE-1/4) for a distance of 370 feet; the last 60
feet approximately of said line being located in the Southeast Quarter of
said Xxxxxxxxx Xxxxxxx (XX-0/0 XX-0/0);
thence East parallel with the South line of Lot 5 and the North line of
the Southwest Quarter or the Southeast Quarter (SW-1/4 SE-1/4) to the
midpoint of South Gold Creek a distance of approximately 650 feet;
thence North along the midpoint line of the bed of South Gold Creek to the
North boundary line of the Southwest Quarter of the Xxxxxxxxx Xxxxxxx
(XX-0/0 XX-0/0);
thence West along the North boundary line of the Xxxxxxxxx Xxxxxxx xx xxx
Xxxxxxxxx Xxxxxxx (XX-0/0 SE-1/4) to the True Point of Beginning, the
juncture of the South end of the
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East boundary line of Lot 5 and the West end of the North boundary line of
the Xxxxxxxxx Xxxxxxx xx xxx Xxxxxxxxx Xxxxxxx (XX-0/0 SE-1/4).
PARCEL 7:
Commencing at the Southeast corner of the Northwest Quarter of the
Northeast Quarter (NW-1/4 NE-1/4) of Section 10, Township 53 North, Range
1 West, Boise Meridian, Xxxxxx County, Idaho;
thence North along the East line of said 1/16th section a distance of 1320
feet, more or less, to the Northeast corner of said 1/16th section;
thence West along the North line of said 1/16th section to the center of
South Gold Creek;
thence Southerly along the center line of said creek to the South line of
said 1/16th section;
thence East along the South line of said 1/16th section to the Point of
Beginning.
PARCEL 8:
A triangular shaped parcel of land being a portion of Government Xxx 0,
Xxxxxxx 0, Xxxxxxxx 00 Xxxxx, Xxxxx 1 West, Boise Meridian, Xxxxxx County,
Idaho and being described as follows:
Commencing at the Southeast corner of Government Lot 5;
thence North along the East line thereof 1435 feet, more or less, to a
point on the Southwesterly line of the plat of Lakeview according to the
plat thereof, recorded in Book "B" of Plats, page 59, records of Xxxxxx
County, Idaho;
thence North 69(0)07'00" West, 764 feet, more or less, to an aluminum pipe
and cap on the Southeast line of North Gold Creek Lime Placer Survey No.
762;
thence parallel to the West line of Government Xxx 0, Xxxxx 00(0)00'00"
Xxxx, a distance of 588.01 feet to a found iron roD and PLS 4194 cap;
thence parallel to the South line of Government Xxx 0, Xxxxx 00(0)00'00"
Xxxx, a distance of 111.91 feet to the Point of Beginning;
thence continuing along a line parallel to the South line of Government
Xxx 0, Xxxxx 00(0)00'00" Xxxx, a distance of 111.91 feet to a found iron
rod and PLS 4194 cap;
thence along a line parallel to the West line of Government Xxx 0, Xxxxx
00(0)00'00" Xxxx, a distance of 111.91 feet;
thence North 44(0)47'35" West, a distance of 158.13 feet to the Point of
Beginning.
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AND a portion of Government Xxx 0, Xxxxxxx 0, Xxxxxxxx 00 Xxxxx, Xxxxx 1
West, Boise Meridian, Xxxxxx County, Idaho, more fully described as
follows:
Beginning at the Southeast corner of Government Lot 5;
thence North 310 feet along the East line of said Government Lot to the
True Point of Beginning;
thence North along said East line 1125 feet, more or less, to a point on
the Southwest line of the plat of Lakeview;
thence North 69(0)07'00" West, 764 feet, more or less, to a point on the
Southeast line of North Gold Creek Lime Placer Survey #762;
thence South 54(0)30'00" West, 200.6 feet to the Southeast corner of South
Gold Creek Lime Placer Survey #761;
thence South 69(0)38'00" West along the Southeast line of Survey #761, a
distance of 227 feet;
thence South, parallel to the West line of Government Lot 5, a distance of
392 feet;
thence West, parallel to the South line of Government Lot 5, a distance of
130 feet, more or less, to a point which is 100 feet East of the West line
of said Government Lot;
thence South, parallel to the West line of said Government Lot, 560 feet;
thence South 45(0)00'00" East, 792 feet, more or less, to a point on the
South line of said Government Lot;
thence East along said South line 472 feet, more or less, to a point which
is 188 feet West of the Southeast corner of Government Lot 5;
thence North, parallel to the East line of said Government Lot, 310 feet;
thence East 188 feet to the True Point of Beginning.
EXCEPT that portion of Government Xxx 0 xx Xxxxxxx 0, Xxxxxxxx 00 Xxxxx,
Xxxxx 1 West, Boise Meridian, Xxxxxx County, Idaho, described as follows:
Beginning at the Southeast corner of said Lot 5;
Thence North along the East line thereof 1435 feet, more or less, to a
point on the Southwesterly line of the plat of Lakeview, according to the
plat thereof, recorded in Book 1 of Plats, Page 44, records of Xxxxxx
County, Idaho;
Thence North 69(0)07'00" West, 764 feet, more or less, to a point on the
Southeast line of North Gold Creek Lime Placer Survey No. 762, said point
being the True Point of Beginning;
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thence South 54(0)30'00" West, 200.6 feet to the Southeast corner of South
Gold Creek Lime Placer Survey #761;
thence South 69(0)38'00" West along the Southeast line of said Survey No.
761, a distance of 227 feet;
thence South, parallel to the West line of said Government Lot 5, a
distance of 392 feet;
thence West, parallel to the South line of said Lot 5, a distance of 130
feet, more or less, to a point hereinafter referred to as Point A, that is
100 feet East of the West line of said Lot 5;
thence South, parallel to said West line, 560 feet;
thence South 45(0)00'00" East, 792 feet, more or less, to a point on the
South line of said Lot 5;
thence East along said South line 172 feet;
thence North, parallel to the West line of said Lot 5, a distance of 1120
feet, more or less, to a point in a line running through said Point A,
that is parallel with the South line of said Government Lot 5;
thence West, 240 feet, more or less, to a point in a line running through
the True Point of Beginning, that is parallel with the West line of said
Government Lot 5;
thence North along said line 590 feet, more or less, to the True Point of
Beginning.
ALSO EXCEPTING a triangular shaped parcel of land being a portion of
Government Xxx 0, Xxxxxxx 0, Xxxxxxxx 00 Xxxxx, Xxxxx 1 West, Boise
Meridian, Xxxxxx County, Idaho and being described as follows:
Commencing at the Southeast corner of Government Lot 5;
thence North along the East line thereof, 1435 feet, more or less, to a
point on the Southwesterly line of the plat of Lakeview according to the
plat thereof, recorded in Book "B" of Plats, Page 59, records of Xxxxxx
County, Idaho;
thence North 69(0)07'00" West, 764 feet, more or less, to an aluminum pipe
and cap on the Southeast line of North Gold Creek Lime Placer Survey No.
762;
thence parallel to the West line of Government Xxx 0, Xxxxx 00(0)00'00"
Xxxx, a distance of 476.10 feet to the Point of Beginning;
thence continuing parallel to the West line of Government Xxx 0, Xxxxx
00(0)00'00" Xxxx, a distance of 111.91 feet to a found iron rod and PLS
4194 cap;
thence along a line parallel to the South line of Government Xxx 0, Xxxxx
00(0)00'00" Xxxx, a distance of 111.91 feet;
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thence North 44(0)47'35" West, a distance of 158.13 feet to the Point of
Beginning.
(2) XXXXXX COUNTY, IDAHO: "SAGLE 115KV SUBSTATION"; PROPERTY NO. ID-7B-042;
GRANTOR: ELMO AND XXXXXX X. XXXXXX; PTN X/0 X/0, XXXXXXX 00, XXXXXXXX 00 XXXXX,
XXXXX 2 XXXX, X.X.
(3) XXXXXX COUNTY, IDAHO: "CABINET GORGE MITIGATION"; PROPERTY NO. ID-7B-251;
GRANTOR: SAGE XXXXXXX XXXXXXX AND XXXX XXXXXXX SMALL; XXX 00, XXXXX 00, XXXXXXX
XXXXX XXXXXXXXXX XX XXXX 0, XXXXXXX 00, XXXXXXXX 00 XXXXX, XXXXX 1 XXXX, X.X.
C-8
EXHIBIT D
(FORM OF BOND)
THIS BOND IS NON-TRANSFERABLE, EXCEPT TO
A SUCCESSOR TRUSTEE UNDER THE 1999_ REVENUE BOND
INDENTURE (AS DEFINED HEREIN).
AVISTA CORPORATION
First Mortgage Bond,
Collateral Series 2005_
REGISTERED REGISTERED
NO. _________________ $___________________
AVISTA CORPORATION, a corporation of the State of Washington
(hereinafter called the Company), for value received, hereby promises to pay to
, as trustee under the 1999_ Revenue Bond Indenture (as defined in the
Supplemental Indenture hereinafter referred to) or registered assigned
on____________________
DOLLARS
and to pay the registered owner hereof interest thereon at the respective rate
or rates as shall be in effect from time to time in respect of the 1999_ Revenue
Bonds (as defined in the Supplemental Indenture hereinafter referred to) until
the Company's obligation with respect to the payment of such principal shall
have been discharged; and such interest shall be payable at the same times as
interest is payable on the 1999_ Revenue Bonds. The principal of and premium, if
any, and interest on this bond payable at Maturity (as hereinafter defined)
shall be payable upon presentation hereof at the office or agency of the Company
in the Borough of Manhattan, The City of New York, in such coin or currency of
the United States of America as at the time of payment is legal tender for
public and private debts. The interest on this bond (other than interest payable
at Maturity) shall be paid directly to the registered owner hereof. Interest
payable at Maturity shall be paid to the person to whom principal shall be paid.
As used herein, the term "Maturity" shall mean the date on which the principal
of this bond becomes due and payable, whether at stated maturity, upon
redemption or acceleration, or otherwise.
This bond is one of an issue of bonds of the Company issuable in
series and is one of a series known as its First Mortgage Bonds, Collateral
Series 2005_, all bonds of all such issue of series being issued and issuable
under and equally secured (except insofar as any sinking or other fund,
established in accordance with the provisions of the Mortgage hereinafter
mentioned, may afford additional security for the bonds of any particular
series) by a Mortgage and Deed of Trust, dated as of June 1, 1939, executed by
the Company (formerly known as The Washington Water Power Company) to City Bank
Farmers Trust Company and Xxxxx X. Xxxxxx, as Trustees (Citibank, N.A.,
successor Trustee to both said Trustees). Such mortgage
D-1
and deed of trust has been amended and supplemented by various supplemental
indentures, including the Thirty-eighth Supplemental Indenture, dated as of May
1, 2005 (the "Thirty-eighth Supplemental Indenture") and, as so amended and
supplemented, is herein called the "Mortgage". Reference is made to the Mortgage
for a description of the property mortgaged and pledged, the nature and extent
of the security, the rights of the holders of the bonds and of the Trustee in
respect thereof, the duties and immunities of the Trustee and the terms and
conditions upon which the bonds are and are to be secured and the circumstances
under which additional bonds may be issued. By its acceptance of this bond, the
holder hereof is deemed to have consented and agreed to all of the terms and
provisions of the Mortgage. The Mortgage may be modified or altered by
affirmative vote of the holders of at least 60% in principal amount of the bonds
outstanding under the Mortgage, considered as one class, or, if the rights of
one or more, but less than all, series of bonds then outstanding are to be
affected, then such modification or alteration may be effected with the
affirmative vote only of 60% in principal amount of the bonds outstanding of the
series so to be affected, considered as one class, and, furthermore, for limited
purposes, the Mortgage may be modified or altered without any consent or other
action of holders of any series of bonds. No modification or alteration shall,
however, permit an extension of the Maturity of the principal of, or interest
on, this bond or a reduction in such principal or the rate of interest hereon or
any other modification in the terms of payment of such principal or interest or
the creation of any lien equal or prior to the lien of the Mortgage or deprive
the holder of a lien on the mortgaged and pledged property without the consent
of the holder hereof.
The bonds of this series are not redeemable, in whole or in part, at
the option of the Company.
The bonds of this series have been issued and delivered to the 1999_
Revenue Bond Trustee in order to further evidence the Company's obligations
under the 1999_ Loan Agreement (as such terms are defined in the Thirty-eighth
Supplemental Indenture).
In the event that any 1999_ Revenue Bonds are to be redeemed
pursuant to Section 4.03 of the 0000_ Xxxxxxx Xxxx Xxxxxxxxx (as defined in the
Thirty-sixth Supplemental Indenture) following a Determination of Taxability (as
defined in the 1999_ Revenue Bond Indenture), bonds of this series, in a
principal amount equal to the principal amount of 1999_ Revenue Bonds to be
redeemed, shall be redeemed on the date fixed for redemption of the 1999_
Revenue Bonds, at the principal amount thereof plus accrued interest to the
redemption date.
In the event that all 1999_ Revenue Bonds have become immediately
due and payable pursuant to Section 9.02(a) of the 0000_ Xxxxxxx Xxxx Xxxxxxxxx
following the occurrence of an Event of Default (as defined in the 1999_ Revenue
Bond Indenture), the bonds of this series (unless already due and payable) shall
thereupon be redeemed at the principal amount thereof plus accrued interest to
the redemption date (the obligation to effect such redemption being rescinded
upon the rescission of such acceleration);
The obligation of the Company to make any payment of the principal
of or interest on the bonds of this series shall be deemed to have been
satisfied and discharged to the extent of the sum of:
D-2
(a) the amount, if any, credited under the 1999_ Loan Agreement
Indenture against the obligation of the Company to make payment in respect
of the corresponding amount of principal of or interest on the 1999_
Revenue Bonds; and
(b) the amount, if any, paid by the Company pursuant to the 1999_
Loan Agreement in respect of such corresponding amount of principal of or
interest on the 1999_ Revenue Bonds.
Anything in this bond to the contrary notwithstanding, if, at the
time of the Maturity of the bonds of this series, the stated aggregate principal
amount of such bonds then outstanding shall exceed the aggregate principal
amount of 1999_ Revenue Bonds then outstanding, the aggregate principal amount
of such bonds shall be deemed to have been reduced by the amount of such excess.
The principal hereof may be declared or may become due prior to the
stated maturity date on the conditions, in the manner and at the time set forth
in the Mortgage, upon the occurrence of a Completed Default as in the Mortgage
provided.
As provided in the Mortgage and subject to certain limitations
therein set forth, this bond or any portion of the principal amount hereof will
be deemed to have been paid if there has been irrevocably deposited with the
Trustee moneys or direct obligations of or obligations guaranteed by the United
States of America, the principal of and interest on which when due, and without
regard to any reinvestment thereof, will provide moneys which, together with
moneys so deposited, will be sufficient to pay when due the principal of and
premium, if any, and interest on this bond when due.
The Mortgage contains terms, provisions and conditions relating to
the consolidation or merger of the Company with or into, and the conveyance or
other transfer, or lease, of assets to, another Corporation and to the
assumption by such other Corporation, in certain circumstances, of all of the
obligations of the Company under the Mortgage and on the bonds secured thereby.
This bond is non-transferable except as required to effect transfer
to any successor trustee under the 1999_ Revenue Bond Indenture, any such
transfer to be made at the office or agency of the Company in the Borough of
Manhattan, The City of New York, upon surrender and cancellation of this bond,
together with a written instrument of transfer whenever required by the Company
duly executed by the registered owner or by its duly authorized attorney, and,
thereupon, a new fully registered bond of the same series for a like principal
amount will be issued to the transferee in exchange herefor as provided in the
Mortgage. The Company and the Trustee may deem and treat the person in whose
name this bond is registered as the absolute owner hereof for the purpose of
receiving payment and for all other purposes.
In the manner prescribed in the Mortgage, any bonds of this series,
upon surrender thereof for cancellation at the office or agency of the Company
in the Borough of Manhattan, The City of New York, are exchangeable for a like
aggregate principal amount of bonds of the same series of other authorized
denominations.
D-3
No recourse shall be had for the payment of the principal of or
interest on this bond against any incorporator or any past, present or future
subscriber to the capital stock, stockholder, officer or director of the Company
or of any predecessor or successor corporation, as such, either directly or
through the Company or any predecessor or successor corporation, under any rule
of law, statute or constitution or by the enforcement of any assessment or
otherwise, all such liability of incorporators, subscribers, stockholders,
officers and directors being released by the holder or owner hereof by the
acceptance of this bond and being likewise waived and released by the terms of
the Mortgage.
This bond shall not become obligatory until Citibank, N.A., the
Trustee under the Mortgage, or its successor thereunder, shall have signed the
form of certificate endorsed hereon.
IN WITNESS WHEREOF, AVISTA CORPORATION has caused this bond to be
signed in its corporate name by its President or one of its Vice Presidents by
his signature or a facsimile thereof, and its corporate seal to be impressed or
imprinted hereon and attested by its Corporate Secretary or one of its Assistant
Corporate Secretaries by his signature or a facsimile thereof.
Dated:
AVISTA CORPORATION
By: __________________________________________
ATTEST: __________________________________________
D-4
TRUSTEE'S CERTIFICATE
This bond is one of the bonds, of the series herein designated,
described or provided for in the within-mentioned Mortgage.
CITIBANK, N.A.
Trustee
By: ________________________________
Authorized Officer
D-5
FOR VALUE RECEIVED the undersigned hereby sells, assigns and
transfers unto
__________________________________________
[please insert social security or other identifying number of assignee]
__________________________________________
[please print or typewrite name and address of assignee]
the within bond of AVISTA CORPORATION and does hereby irrevocably constitute and
appoint _______________, Attorney, to transfer said bond on the books of the
within-mentioned Company, will full power of substitution in the premises.
Dated: _______________
______________________
Notice: The signature to this assignment must
correspond with the name as written upon the
face of the bond in every particular without
alteration or enlargement or any change
whatsoever.
D-6
