Exhibit A-2(a)
________________________________________________________________
ENTERGY MISSISSIPPI, INC.
(formerly Mississippi Power & Light Company)
to
THE BANK OF NEW YORK
(successor to Xxxxxx Trust Company of New York and Bank of
Montreal Trust Company)
and
XXXXXXX X. XXXXXXXXX
(successor to Xxxx X. XxXxxxxxxx and Z. Xxxxxx Xxxxxxxxx)
As Trustees under
Entergy Mississippi, Inc.'s
Mortgage and Deed of Trust, dated as of February 1, 1988
________________________________
SIXTEENTH SUPPLEMENTAL INDENTURE
Providing among other things for
General and Refunding Mortgage Bonds designated as
First Mortgage Bonds,
6.25% Series due February 1, 2003
________________
Dated as of January 1, 2001
_____________________________
Prepared by
Xxxx Xxxxxx Child & Xxxxxxx
X.X. Xxx 000
Xxxxxxx, Xxxxxxxxxxx 00000
(000) 000-0000
________________________________________________________________
TABLE OF CONTENTS
Page
Parties 1
Recitals 1
ARTICLE I
DEFINITIONS AND RULES OF CONSTRUCTION
Section 1.01. Terms From the Original Indenture 6
Section 1.02. Certain Defined Terms 6
Section 1.03. References Are to Sixteenth Supplemental
Indenture 8
Section 1.04. Number and Gender 8
ARTICLE II
THE TWENTY-SECOND SERIES
Section 2.01. Bonds of the Twenty-second Series 8
Section 2.02. Optional Redemption of Bonds of the
Twenty-second Series 9
Section 2.03. Transfer and Exchange 9
Section 2.04. Dating of Bonds and Interest Payments 10
ARTICLE III
COVENANTS
Section 3.01. Maintenance of Paying Agent 10
Section 3.02. Further Assurances 10
Section 3.03. Limitation on Restricted Payments 11
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Acceptance of Trusts 11
Section 4.02. Effect of Sixteenth Supplemental Indenture
under Louisiana Law 12
Section 4.03. Record Date 12
Section 4.04. Titles 12
Section 4.05. Counterparts 12
Section 4.06. Governing Law 13
Section 4.07. Recitals 13
Signatures S-1
Acknowledgments S-3
Exhibit A - Instrument of Appointment of Successor Trustee A-1
Exhibit B - Agreement of Resignation, Appointment and
Acceptance B-1
Exhibit C - Form of Bond of Twenty-second Series C-1
SIXTEENTH SUPPLEMENTAL INDENTURE
_________________________
SIXTEENTH SUPPLEMENTAL INDENTURE, dated as of January
1, 2001, between ENTERGY MISSISSIPPI, INC. (formerly Mississippi
Power & Light Company), a corporation of the State of
Mississippi, whose post office address is X.X. Xxx 0000, Xxxxxxx,
Xxxxxxxxxxx 00000-0000 (tel. 000-000-0000) (the "Company") and
THE BANK OF NEW YORK (successor to Xxxxxx Trust Company of New
York), a New York banking corporation of the State of New York,
whose principal corporate trust office is located at 000 Xxxxxxx
Xxxxxx, 00X, Xxx Xxxx, Xxx Xxxx 00000 (tel. 000-000-0000) and
XXXXXXX X. XXXXXXXXX (successor to Xxxx X. XxXxxxxxxx), whose
post office address is 00 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxx Xxxx
00000 (tel. 000-000-0000), as trustees under the Mortgage and
Deed of Trust, dated as of February 1, 1988, executed and
delivered by the Company (herein called the "Original Indenture;"
the Original Indenture together with any and all indentures and
instruments supplemental thereto being herein called the
"Indenture");
WHEREAS, the Original Indenture has been duly recorded
or filed as required in the States of Mississippi, Arkansas and
Wyoming; and
WHEREAS, the Company has executed and delivered to the
Trustees (such term and all other defined terms used herein and
not defined herein having the respective definitions to which
reference is made in Article I below) its First Supplemental
Indenture, dated as of February 1, 1988, its Second Supplemental
Indenture, dated as of July 1, 1988, its Third Supplemental
Indenture, dated as of May 1, 1989, its Fourth Supplemental
Indenture, dated as of May 1, 1990, its Fifth Supplemental
Indenture, dated as of November 1, 1992, its Sixth Supplemental
Indenture, dated as of January 1, 1993, its Seventh Supplemental
Indenture, dated as of July 15, 1993, its Eighth Supplemental
Indenture, dated as of November 1, 1993, its Ninth Supplemental
Indenture, dated as of July 1, 1994, its Tenth Supplemental
Indenture, dated as of April 1, 1995, its Eleventh Supplemental
Indenture, dated as of June 1, 1997, its Twelfth Supplemental
Indenture, dated as of April 1, 1998, its Thirteenth Supplemental
Indenture, dated as of May 1, 1999, its Fourteenth Supplemental
Indenture, dated as of May 1, 1999, and its Fifteenth
Supplemental Indenture, dated as of February 1, 2000 each as a
supplement to the Original Indenture, which Supplemental
Indentures have been duly recorded or filed as required in the
States of Mississippi, Arkansas and Wyoming; and
WHEREAS, pursuant to an Agreement and Plan of Merger
dated as of March 18, 1999, Xxxxxx Trust Company of New York
merged into Bank of Montreal Trust Company, Trustee under the
Indenture, and effective July 1, 1999, the combined entity
changed its name to Xxxxxx Trust Company of New York. By virtue
of Section 9.03 of the Original Indenture, Xxxxxx Trust Company
of New York became successor Trustee under the Indenture, without
execution of any paper or the performance of any further act on
the part of any other parties to the Indenture; and
WHEREAS, effective June 30, 0000, Xxxxxx Xxxxx Xxxxxxx
xx Xxx Xxxx resigned as Trustee under the Indenture, and by an
Instrument of Appointment of Successor Trustee, hereto attached
as Exhibit A, the Company appointed The Bank of New York as
successor Trustee, effective June 30, 2000, and The Bank of New
York accepted said appointment.
WHEREAS, effective June 30, 2000, Xxxx X. XxXxxxxxxx
resigned as Co-Trustee under the Indenture, and by an Agreement
of Resignation, Appointment and Acceptance, hereto attached as
Exhibit B, the Company appointed Xxxxxxx X. Xxxxxxxxx, as
successor Co-Trustee, effective June 30, 2000, and Xxxxxxx X.
Xxxxxxxxx accepted said appointment.
WHEREAS, in addition to property described in the
Original Indenture, as heretofore supplemented, the Company has
acquired certain other property rights and interests in property;
and
WHEREAS, the Company has heretofore issued, in
accordance with the provisions of the Indenture, the following
series of bonds:
Principal Principal
Series Amount Amount
Issued Outstanding
14.65% Series due February 1, 1993 $55,000,000 None
14.95% Series due February 1, 1995 20,000,000 None
8.40% Collateral Series due December 1, 1992 12,600,000 None
11.11% Series due July 15, 1994 18,000,000 None
11.14% Series due July 15, 1995 10,000,000 None
11.18% Series due July 15, 1996 26,000,000 None
11.20% Series due July 15, 1997 46,000,000 None
9.90% Series due April 1, 1994 30,000,000 None
5.95% Series due October 15, 1995 15,000,000 None
6.95% Series due July 15, 1997 50,000,000 None
8.65% Series due January 15, 2023 125,000,000 None
7.70% Series due July 15, 2023 60,000,000 $60,000,000
6 5/8% Series due November 1, 2003 65,000,000 65,000,000
8.25% Series due July 1, 2004 25,000,000 25,000,000
8.80% Series due April 1, 2005 80,000,000 None
6 7/8% Series due June 1, 2002 65,000,000 65,000,000
6.45% Series due April 1, 2008 80,000,000 80,000,000
6.20% Series due May 1, 2004 75,000,000 75,000,000
Floating Rate Series due May 3, 2004 50,000,000 50,000,000
Pollution Control Series A due July 1, 2022 32,850,000 32,850,000
7 3/4% Series due February 15, 2003 120,000,000 120,000,000
; and
WHEREAS, Section 19.04 of the Original Indenture
provides, among other things, that any power, privilege or right
expressly or implicitly reserved to or in any way conferred upon
the Company by any provision of the Indenture, 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, restrictions or
provisions for the benefit of any one or more series of bonds
issued thereunder, or the Company may establish the terms and
provisions of any series of bonds 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 be
recorded in all of the states in which any property at the time
subject to the Lien of the Indenture shall be situated; and
WHEREAS, the Company desires to create a new series of
bonds under the Indenture and to add to its covenants and
agreements contained in the Indenture certain other covenants and
agreements to be observed by it; and
WHEREAS, all things necessary to make this Sixteenth
Supplemental Indenture a valid, binding and legal instrument have
been performed, and the issue of said series of bonds, subject to
the terms of the Indenture, has been in all respects duly
authorized;
NOW, THEREFORE, THIS SIXTEENTH SUPPLEMENTAL INDENTURE
WITNESSETH: That the Company, in consideration of the premises
and of Ten Dollars ($10) to it duly paid by the Trustees at or
before the ensealing and delivery of these presents, the receipt
whereof is hereby acknowledged, and in order to further secure
the payment of both the principal of and interest on the bonds
from time to time issued under the Indenture, according to their
tenor and effect and the performance of all provisions of the
Indenture and of said bonds, hereby grants, bargains, sells,
releases, conveys, assigns, transfers, mortgages, hypothecates,
affects, pledges, sets over and confirms a security interest unto
XXXXXXX X. XXXXXXXXX and (to the extent of its legal capacity to
hold the same for the purposes hereof) to THE BANK OF NEW YORK,
as Trustees, and to their successor or successors in said trust,
and to said Trustees and their successors and assigns forever
(subject, however, to Excepted Encumbrances as defined in Section
1.06 of the Original Indenture), in all properties of the Company
real, personal and mixed, of any kind or nature (except as in the
Indenture expressly excepted), now owned (including, but not
limited to, that located in the following counties in the State
of Mississippi: Xxxxx, Amite, Attala, Bolivar, Calhoun, Carroll,
Choctaw, Claiborne, Coahoma, Copiah, Covington, DeSoto, Franklin,
Grenada, Xxxxx, Holmes, Humphreys, Issaquena, Xxxxxxxxx,
Xxxxxxxxx Davis, Lawrence, Leake, Leflore, Lincoln, Madison,
Montgomery, Panola, Pike, Quitman, Rankin, Scott, Sharkey,
Simpson, Smith, Sunflower, Tallahatchie, Xxxx, Tunica, Xxxxxxxx,
Xxxxxx, Washington, Webster, Wilkinson, Yalobusha and Yazoo; and
in Independence County, Arkansas, and Xxxxxxxx County, Wyoming)
or, subject to the provisions of Section 15.03 of the Original
Indenture, hereafter acquired by the Company (by purchase,
consolidation, merger, donation, construction, erection or in any
other way) and wheresoever situated, including (without in anyway
limiting or impairing by the enumeration of the same, the scope
and intent of the foregoing or of any general description
contained in the Indenture) all real estate, lands, easements,
servitudes, licenses, permits, franchises, privileges, rights of
way and other rights in or relating to real estate or the
occupancy of the same; all power sites, flowage rights, water
rights, water locations, water appropriations, ditches, flumes,
reservoirs, reservoir sites, canals, raceways, waterways, dams,
dam sites, aqueducts, and all other rights or means for
appropriating, conveying, storing and supplying water; all rights
of way and roads; all plants for the generation of electricity by
steam, water and/or other power; all power houses, street
lighting systems, standards and other equipment incidental
thereto; all telephone, radio and television systems, air
conditioning systems and equipment incidental thereto, water
wheels, water works, water systems, steam heat and hot water
plants, substations, electric, gas and water lines, service and
supply systems, bridges, culverts, tracks, ice or refrigeration
plants and equipment, offices, buildings and other structures and
the equipment thereof; all machinery, engines, boilers, dynamos,
turbines, electric, gas and other machines, prime movers,
regulators, meters, transformers, generators (including, but not
limited to, engine driven generators and turbogenerator units),
motors, electrical, gas and mechanical appliances, conduits,
cables, water, steam heat, gas or other pipes, gas mains and
pipes, service pipes, fittings, valves and connections, pole and
transmission lines, towers, overhead conductors and devices,
underground conduits, underground conductors and devices, wires,
cables, tools, implements, apparatus, storage battery equipment,
and all other fixtures and personalty; all municipal and other
franchises, consents or permits; all lines for the transmission
and distribution of electric current, steam heat or water for any
purpose including towers, poles, wires, cables, pipes, conduits,
ducts and all apparatus for use in connection therewith and
(except as in the Indenture expressly excepted) all the right,
title and interest of the Company in and to all other property of
any kind or nature appertaining to and/or used and/or occupied
and/or enjoyed in connection with any property described in the
Indenture.
TOGETHER WITH all and singular the tenements,
hereditaments, prescriptions, servitudes and appurtenances
belonging or in anyway appertaining to the aforesaid property or
any part thereof, with the reversion and reversions, remainder
and remainders and (subject to the provisions of Section 11.01 of
the Original Indenture) 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 as in equity, which the Company now has or may hereafter
acquire in and to the aforesaid property, rights and franchises
and every part and parcel thereof.
IT IS HEREBY AGREED by the Company that, subject to the
provisions of Section 15.03 of the Original Indenture, all the
property, rights and franchises acquired by the Company (by
purchase, consolidation, merger, donation, construction, erection
or in any other way) after the date hereof (except as in the
Indenture expressly excepted) shall be and are as fully granted
and conveyed by the Indenture and as fully embraced within the
Lien of the Indenture as if such property, rights and franchises
were now owned by the Company and were specifically described in
the Indenture and granted and conveyed by the Indenture.
PROVIDED that the following are not and are not
intended to be now or hereafter granted, bargained, sold,
released, conveyed, assigned, transferred, mortgaged,
hypothecated, affected, pledged, set over or confirmed hereunder,
nor is a security interest therein hereby granted or intended to
be granted, and the same are hereby expressly excepted from the
Lien and operation of the Indenture, viz: (1) cash, shares of
stock, bonds, notes and other obligations and other securities
not in the Indenture specifically pledged, paid, deposited,
delivered or held under the Indenture or covenanted so to be; (2)
merchandise, equipment, apparatus, materials or supplies held for
the purpose of sale or other disposition in the usual course of
business or for the purpose of repairing or replacing (in whole
or part) any rolling stock, buses, motor coaches, automobiles or
other vehicles or aircraft or boats, ships, or other vessels and
any fuel, oil and similar materials and supplies consumable in
the operation of any of the properties of the Company; rolling
stock, buses, motor coaches, automobiles and other vehicles and
all aircraft; boats, ships and other vessels; all timber,
minerals, mineral rights and royalties; (3) bills, notes and
other instruments and accounts receivable, judgments, demands and
choses in action, and all contracts, leases and operating
agreements not specifically pledged under the Indenture or
covenanted so to be; (4) the last day of the term of any lease or
leasehold which may hereafter become subject to the Lien of the
Indenture; (5) electric energy, gas, water, steam, ice, 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; (6) any natural gas xxxxx or
natural gas leases or natural gas transportation lines or other
works or property used primarily and principally in the
production of natural gas or its transportation, primarily for
the purpose of sale to natural gas customers or to a natural gas
distribution or pipeline company, up to the point of connection
with any distribution system, and any natural gas distribution
system; and (7) the Company's franchise to be a corporation;
provided, however, that the property and rights expressly
excepted from the Lien and operation of the Indenture in the
above subdivisions (2) and (3) shall (to the extent permitted by
law) cease to be so excepted in the event and as of the date that
either or both of the Trustees 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
Indenture by reason of the occurrence of a Default.
TO HAVE AND TO HOLD all such properties, real, personal
and mixed, granted, bargained, sold, released, conveyed,
assigned, transferred, mortgaged, hypothecated, affected,
pledged, set over or confirmed or in which a security interest
has been granted by the Company as aforesaid, or intended so to
be (subject, however, to Excepted Encumbrances as defined in
Section 1.06 of the Original Indenture), unto XXXXXXX X.
XXXXXXXXX and (to the extent of its legal capacity to hold the
same for the purposes hereof) unto THE BANK OF NEW YORK, and
their successors and assigns forever.
IN TRUST NEVERTHELESS, upon the terms and trusts in the
Indenture set forth, for the equal pro rata benefit and security
of all and each of the bonds and coupons issued and to be issued
under the Indenture, or any of them, in accordance with the terms
of the Indenture, without preference, priority or distinction as
to the Lien of any of said bonds and coupons over any others
thereof by reason of priority in the time of the issue or
negotiation thereof, or otherwise howsoever, subject to the
provisions in the Indenture set forth in reference to extended,
transferred or pledged coupons and claims for interest; it being
intended that, subject as aforesaid, the Lien and security of all
of said bonds and coupons of all series issued or to be issued
under the Indenture shall take effect from the date of the
initial issuance of bonds under the Indenture, and that the Lien
and security of the Indenture shall take effect from said date as
though all of the said bonds of all series were actually
authenticated and delivered and issued upon such date.
PROVIDED, HOWEVER, these presents are upon the
condition that if the Company, its successors or assigns, shall
pay or cause to be paid, the principal of and interest on said
bonds, or shall provide, as permitted hereby, for the payment
thereof by depositing with the Trustee the entire amount due or
to become due thereon for principal and interest, and if the
Company shall also pay or cause to be paid all other sums payable
hereunder by it, then the Indenture and the estate and rights
granted under the Indenture shall cease, determine and be void,
otherwise to be and remain in full force and effect.
AND IT IS HEREBY COVENANTED, DECLARED AND AGREED by the
Company that all the terms, conditions, provisos, covenants and
provisions contained in the Indenture shall affect and apply to
the property hereinbefore described and conveyed and to the
estate, rights, obligations and duties of the Company and the
Trustees and their successor or successors as Trustees in such
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 Indenture and had been specifically and
at length described in and conveyed to said Trustees by the
Original Indenture as a part of the property therein stated to be
conveyed.
The Company further covenants and agrees to and with the
Trustees and their successor or successors in such trust as
follows:
ARTICLE IDEFINITIONS AND RULES OF CONSTRUCTION
Section 1.01. Terms From the Original Indenture. All
defined terms used in this Sixteenth Supplemental Indenture and
not otherwise defined herein shall have the respective meanings
ascribed to them in the Original Indenture.
Section 1.02. Certain Defined Terms. As used in this
Sixteenth Supplemental Indenture, the following defined terms
shall have the respective meanings specified unless the context
clearly requires otherwise:
The term "Adjusted Treasury Rate" shall mean, with
respect to any redemption date:
(1) the yield, under the heading which represents the average for
the immediately preceding week, appearing in the most recently
published statistical release designated "H.15(519)" or any
successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes
yields on actively traded United States Treasury securities
adjusted to constant maturity under the caption "Treasury
Constant Maturities," for the maturity corresponding to the
Comparable Treasury Issue (if no maturity is within three months
before or after the remaining term of the bonds of the Twenty-
second Series, yields for the two published maturities most
closely corresponding to the Comparable Treasury Issue shall be
determined and the Adjusted Treasury Rate shall be interpolated or
extrapolated from such yields on a straight line basis, rounding
to the nearest month); or
(2) if such release (or any successor release) is not
published during the week preceding the calculation date for
the Adjusted Treasury Rate or does not contain such yields,
the rate per annum equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue, calculated
using a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to the
Comparable Treasury Price for such redemption date.
The Adjusted Treasury Rate shall be calculated on the third
Business Day preceding the redemption date.
The term "Business Day" shall mean any day other than a
Saturday or a Sunday or a day on which banking institutions in
The City of New York are authorized or required by law or
executive order to remain closed or a day on which the Corporate
Trust Office of the Trustee is closed for business.
The term "Comparable Treasury Issue" shall mean the
United States Treasury security selected by the Independent
Investment Banker as having a maturity comparable to the
remaining term of the bonds of the Twenty-second Series that
would be utilized, at the time of selection and in accordance
with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining
term of such bonds of the Twenty-second Series.
The term "Comparable Treasury Price" shall mean, with
respect to any redemption date, (i) the average of five Reference
Treasury Dealer Quotations for such redemption date after
excluding the highest and lowest such Reference Treasury Dealer
Quotations or (ii) if the Independent Investment Banker obtains
fewer than five such Reference Treasury Dealer Quotations, the
average of all such Reference Treasury Dealer Quotations.
The term "Independent Investment Banker" shall mean
Xxxxxx Xxxxxxx & Co. Incorporated or, if such firm is unwilling
or unable to select the Comparable Treasury Issue, an independent
investment banking institution of national standing appointed by
the Company.
The term "Original Indenture" shall have the meaning
specified in the first paragraph hereof.
The term "Person" shall mean any individual,
corporation, partnership, limited liability company, joint
venture, association, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision
thereof.
The term "Reference Treasury Dealer" shall mean (i)
Xxxxxx Xxxxxxx & Co. Incorporated, XX Xxxxx Securities
Corporation and their respective successors; provided, however,
that if any of the foregoing shall cease to be a primary U.S.
Government securities dealer in New York City (a "Primary
Treasury Dealer"), the Company shall substitute therefor another
Primary Treasury Dealer, and (ii) any other Primary Treasury
Dealer selected by the Independent Investment Banker after
consultation with the Company.
The term "Reference Treasury Dealer Quotations" shall
mean, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent
Investment Banker, of the bid and asked prices for the Comparable
Treasury Issue (expressed in each case as a percentage of its
principal amount) quoted in writing to the Independent Investment
Banker at 5:00 p.m. on the third Business Day preceding such
redemption date.
The term "Twenty-second Series" shall have the meaning
specified in Section 2.01.
Section 1.03. References Are to Sixteenth Supplemental
Indenture. Unless the context otherwise requires, all references
herein to "Articles", "Sections" and other subdivisions refer to
the corresponding Articles, Sections and other subdivisions of
this Sixteenth Supplemental Indenture, and the words "herein",
"hereof", "hereby", "hereunder" and words of similar import refer
to this Sixteenth Supplemental Indenture as a whole and not to any
particular Article, Section or other subdivision hereof or to the
Original Indenture or any other supplemental indenture thereto.
Section 1.04. Number and Gender. Unless the context
otherwise requires, defined terms in the singular include the
plural, and in the plural include the singular. The use of a word
of any gender shall include all genders.
ARTICLE II
THE TWENTY-SECOND SERIES
Section 2.01. Bonds of the Twenty-second Series.
There shall be a series of bonds designated as the 6.25% Series
due February 1, 2003 (herein sometimes referred to as the "Twenty-
second Series"), each of which shall also bear the descriptive
title "First Mortgage Bond" as permitted by Section 2.01 of the
Original Indenture. The form of bonds of the Twenty-second
Series shall be substantially in the form of Exhibit C hereto.
Bonds of the Twenty-second Series shall mature on February 1,
2003 and shall be issued only as fully registered bonds in
denominations of One Thousand Dollars and, at the option of the
Company, in any multiple or multiples thereof (the exercise of
such option to be evidenced by the execution and delivery
thereof). Bonds of the Twenty-second Series shall bear interest
at the rate of Six and Twenty-five One-Hundredths per centum
(6.25%) per annum (except as hereinafter provided), payable semi-
annually on February 1 and August 1 of each year, and at maturity
or earlier redemption, the first interest payment to be made on
August 1, 2001 for the period from the date of original issuance
of the bonds of the Twenty-second Series to August 1, 2001; the
principal of and premium, if any, and interest on each said bond
to be payable at the office or agency of the Company in the
Borough of Manhattan, The City of New York, 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.
Interest on the bonds of the Twenty-second Series may, at the
option of the Company, be paid by check mailed to the registered
owners thereof. Overdue principal and overdue interest in
respect of the bonds of the Twenty-second Series shall bear
interest (before and after judgment) at the rate of Seven and
Twenty-five One-Hundredths per centum (7.25%) per annum (to the
extent that payment of such interest on any overdue interest is
not prohibited under applicable law). Interest on the bonds of
the Twenty-second Series shall be computed on the basis of a 360-
day year consisting of twelve 30-day months. Interest on the
bonds of the Twenty-second Series in respect of a portion of a
month shall be calculated based on the actual number of days
elapsed.
The Company reserves the right to establish at any
time, by Resolution of the Board of Directors of the Company, a
form of coupon bond, and of appurtenant coupons, for the Twenty-
second Series and to provide for exchangeability of such coupon
bonds with the bonds of said Series issued hereunder in fully
registered form and to make all appropriate provisions for such
purpose.
Section 2.02. Optional Redemption of Bonds of the
Twenty-second Series.
(a) Bonds of the Twenty-second Series shall be
redeemable at the option of the Company, in whole or in part, at
any time prior to maturity, upon notice mailed to each registered
owner at his last address appearing on the registry books not less
than 30 days nor more than 60 days prior to the date fixed for
redemption, at a redemption price equal to the greater of (i) 100%
of the principal amount of such bonds of the Twenty-second Series
to be redeemed and (ii) as determined by the Independent
Investment Banker, the sum of the present values of the remaining
scheduled payments of principal of and interest on such bonds of
the Twenty-second Series to be redeemed (excluding the portion of
any such interest accrued to such redemption date), discounted
(for purposes of determining such present values) to the
redemption date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Adjusted Treasury Rate
plus .125%, plus, in each case, accrued interest thereon to such
redemption date.
(b) Bonds of the Twenty-second Series shall also be
redeemable in whole or in part, at any time prior to maturity,
upon like notice, by the application (either at the option of the
Company or pursuant to the requirements of the Original
Indenture) of cash delivered to or deposited with the Trustee
pursuant to the provisions of Sections 9.05 and 11.06 of the
Original Indenture, at the special redemption price of 100% of
the principal amount of the bonds of the Twenty-second Series to
be redeemed, plus accrued interest thereon to the redemption
date.
Section 2.03. Transfer and Exchange.
(a) At the option of the registered owner, any bonds
of the Twenty-second Series, upon surrender thereof for
cancellation at the office or agency of the Company in the
Borough of Manhattan, The City of New York, New York, shall be
exchangeable for a like aggregate principal amount of bonds of
the same series of other authorized denominations.
(b) Bonds of the Twenty-second Series shall be
transferable, upon the surrender thereof for cancellation,
together with a written instrument of transfer in form approved
by the registrar duly executed by the registered owner or by his
duly authorized attorney, at the office or agency of the Company
in the Borough of Manhattan, The City of New York, New York.
(c) Upon any such exchange or transfer of bonds of the
Twenty-second Series, the Company may make a charge therefor
sufficient to reimburse it for any tax or taxes or other
governmental charge, as provided in Section 2.05 of the Original
Indenture, but the Company hereby waives any right to make a
charge in addition thereto for any such exchange or transfer of
bonds of the Twenty-second Series.
Section 2.04. Dating of Bonds and Interest Payments.
(a) Each bond of the Twenty-second Series shall be
dated as of the date of authentication and shall bear interest
from the last preceding interest payment date to which interest
shall have been paid (unless the date of such bond is an interest
payment date to which interest is paid, in which case from the
date of such bond); provided that each bond of the Twenty-second
Series dated prior to August 1, 2001, shall bear interest from
the date of original issuance; and provided, further, that if any
bond of the Twenty-second Series shall be authenticated and
delivered upon a transfer of, or in exchange for or in lieu of,
any other bond or bonds of the Twenty-second Series upon which
interest is in default, it shall be dated so that such bond shall
bear interest from the last preceding date to which interest
shall have been paid on the bond or bonds in respect of which
such bond shall have been delivered or from its date of original
issuance if no interest shall have been paid on the bonds of the
Twenty-second Series.
(b) Notwithstanding the foregoing, bonds of the Twenty-
second Series shall be dated so that the Person in whose name any
bond of the Twenty-second Series is registered at the close of
business on the Business Day immediately preceding an interest
payment date shall be entitled to receive the interest payable on
the interest payment date, except if, and to the extent that, the
Company shall have defaulted in the payment of the interest due
on such interest payment date, in which case such defaulted
interest shall be paid to the Persons in whose names Outstanding
bonds of the Twenty-second Series are registered at the close of
business on the Business Day immediately preceding the date of
payment of such defaulted interest.
ARTICLE III
COVENANTS
Section 3.01. Maintenance of Paying Agent. So long as
any bonds of the Twenty-second Series are Outstanding, the
Company covenants that the office or agency of the Company in the
Borough of Manhattan, The City of New York, New York where the
principal of and premium, if any, or interest on any bonds of
such series shall be payable shall also be an office or agency
where any such bonds may be transferred or exchanged and where
notices, presentations or demands to or upon the Company in
respect of such bonds or in respect of the Indenture may be given
or made.
Section 3.02. Further Assurances. From time to time
whenever reasonably requested by the Trustee or the holders of a
majority in aggregate principal amount of the bonds of the Twenty-
second Series then Outstanding, the Company will make, execute
and deliver or cause to be made, executed and delivered any and
all such further and other instruments and assurances as may be
reasonably necessary or proper to carry out the intention of or
to facilitate the performance of the terms of the Indenture or to
secure the rights and remedies of the holders of such bonds.
Section 3.03. Limitation on Restricted Payments.
(a) So long as any bonds of the Twenty-second Series
are Outstanding, the Company covenants that it will not declare
any dividends on its common stock (other than (1) a dividend
payable solely in shares of its common stock or (2) a dividend
payable in cash in cases where, concurrently with the payment of
such dividend, an amount in cash equal to such dividend is
received by the Company as a capital contribution or as the
proceeds of the issue and sale of shares of its common stock) or
make any distribution on outstanding shares of its common stock
or purchase or otherwise acquire for value any outstanding shares
of its common stock (otherwise than in exchange for or out of the
proceeds from the sale of other shares of its common stock)
unless, after giving effect to such dividend, distribution,
purchase or acquisition, the aggregate amount of such dividends,
distributions, purchases or acquisitions paid or made subsequent
to December 31, 2000 (other than any dividend declared by the
Company on or before December 31, 2000) does not exceed (without
giving effect to (1) any such dividends, distributions, purchases
or acquisitions or (2) any net transfers from earned surplus to
stated capital accounts) the sum of (A) the aggregate amount
credited subsequent to December 31, 2000 to earned surplus, (B)
$250,000,000 and (C) such additional amounts as shall be
authorized or approved, upon application by the Company and after
notice, by the SEC under the Holding Company Act.
(b) For the purpose of this Section, the aggregate
amount credited subsequent to December 31, 2000 to earned surplus
shall be determined in accordance with generally accepted
accounting principles and practices (or, if in the opinion of the
Company's independent public accountants (delivered to the
Trustee), there is an absence of any such generally accepted
accounting principles and practices as to the determination in
question, then in accordance with sound accounting practices) and
after making provision for dividends upon any preferred stock of
the Company accumulated subsequent to such date, and in addition
there shall be deducted from earned surplus all amounts (without
duplication) of losses, write-offs, write-downs or amortization
of property, whether extraordinary or otherwise, recorded in and
applicable to a period or periods subsequent to December 31,
2000. Also for purposes of this Section, credits to earned
surplus shall be determined without reference to and shall not
include undistributed retained earnings of Subsidiaries.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Acceptance of Trusts. The Trustees
hereby accept the trusts herein declared, provided, created or
supplemented and agree to perform the same upon the terms and
conditions herein and in the Original Indenture, as heretofore
supplemented, set forth and upon the following terms and
conditions:
The Trustees shall not be responsible in any
manner whatsoever for or in respect of the validity or
sufficiency of this Sixteenth Supplemental Indenture or
for or in respect of the recitals contained herein, all
of which recitals are made solely by the Company. In
general, each and every term and condition contained in
Article XVI of the Original Indenture shall apply to
and form part of this Sixteenth 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 Sixteenth Supplemental Indenture.
Section 4.02. Effect of Sixteenth Supplemental
Indenture under Louisiana Law. It is the intention and it is
hereby agreed that, so far as concerns that portion of the
Mortgaged and Pledged Property situated within the State of
Louisiana, the general language of conveyance contained in this
Sixteenth Supplemental Indenture is intended and shall be
construed as words of hypothecation and not of conveyance and
that, so far as the said Louisiana property is concerned, this
Sixteenth Supplemental Indenture shall be considered as an act of
mortgage and pledge under the laws of the State of Louisiana, and
the Trustees herein named are named as mortagagee and pledgee in
trust for the benefit of themselves and of all present and future
holders of the bonds of the Twenty-second Series and any coupons
thereto issued hereunder, and are irrevocably appointed special
agents and representatives of the holders of the bonds and coupons
issued hereunder and vested with full power in their behalf to
effect and enforce the mortgage and pledge hereby constituted for
their benefit, or otherwise to act as herein provided for.
Section 4.03. Record Date. The holders of the bonds
of the Twenty-second Series shall be deemed to have consented and
agreed that the Company may, but shall not be obligated to, fix a
record date for the purpose of determining the holders of the
bonds of the Twenty-second Series entitled to consent to any
amendment or supplement to the Indenture or the waiver of any
provision thereof or any act to be performed thereunder. If a
record date is fixed, those persons who were holders at such
record date (or their duly designated proxies), and only those
persons, shall be entitled to consent to such amendment,
supplement or waiver or to revoke any consent previously given,
whether or not such persons continue to be holders after such
record date. No such consent shall be valid or effective for
more than 90 days after such record date.
Section 4.04. Titles. The titles of the several
Articles and Sections of this Sixteenth Supplemental Indenture
and the table of contents shall not be deemed to be any part
hereof.
Section 4.05. Counterparts. This Sixteenth
Supplemental Indenture may 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 4.06. Governing Law. The internal laws of the
State of New York shall govern this Sixteenth Supplemental
Indenture and the bonds of the Twenty-second Series, except to
the extent that the validity or perfection of the Lien of the
Indenture, or remedies thereunder, are governed by the laws of a
jurisdiction other than the State of New York.
Section 4.07. Recitals. The recitals set forth in the
initial pages of this Sixteenth Supplemental Indenture and the
exhibits attached hereto are incorporated herein by reference, and
this Sixteenth Supplemental Indenture shall be construed in the
light thereof.
IN WITNESS WHEREOF, ENTERGY MISSISSIPPI, INC. has caused its
corporate name to be hereunto affixed, and this instrument to be
signed and sealed by its Chairman of the Board, Chief Executive
Officer, President or one of its Vice Presidents, and its
corporate seal to be attested by its Secretary or one of its
Assistant Secretaries for and in its behalf, and THE BANK OF NEW
YORK has caused its corporate name to be hereunto affixed, and
this instrument to be signed and sealed by one of its Vice
Presidents or Assistant Vice Presidents and its corporate seal to
be attested by one of its Vice Presidents, Assistant Vice
Presidents or Assistant Secretaries for and on its behalf, and
XXXXXXX X. XXXXXXXXX has hereunto set his hand and affixed his
seal, all as of the day and year first above written.
ENTERGY MISSISSIPPI, INC.
By:
Xxxxxx X. XxXxxx
Vice President and Treasurer
Attest:
_______________________
Xxxxxxxxxxx X. Screen
Assistant Secretary
THE BANK OF NEW YORK,
as Trustee
By:
Xxxxxxx Xxxxxxx
Assistant Vice President
Attest:
______________________
Xxx Xxxxx
Vice President
By:
XXXXXXX X. XXXXXXXXX,
as Co-Trustee
STATE OF LOUISIANA ) ss.:
PARISH OF ORLEANS )
Personally appeared before me, the undersigned authority
in and for the aforesaid Parish and State, the within named Xxxxxx
X. XxXxxx, Vice President and Treasurer and Xxxxxxxxxxx X. Screen,
Assistant Secretary of ENTERGY MISSISSIPPI, INC., who acknowledged
that they signed, attached the corporate seal of the corporation
thereto and delivered the foregoing instrument on the day and year
therein stated, by the authority and as the act and deed of the
corporation.
On the ____ day of January, 2001, before me personally
came Xxxxxx X. XxXxxx, to be known to me, who, being by me duly
sworn, did depose and say that he resides at 0000 Xxxxxxx Xxxxxx,
Xxxxxxxxxx, Xxxxxxxxx 00000; that he is the Vice President and
Treasurer of ENTERGY MISSISSIPPI, INC., the corporation described
in and which executed the above instrument; that he knows the seal
of said corporation; that the seal affixed to said instrument is
such corporate seal; that it was so affixed by order of the Board
of Directors of said corporation, and that he signed his name
thereto by like order.
Given under my hand and seal this _____ day of January
2001.
Xxxxxx Xxxxx
Notary Public
Parish of Orleans, State of Louisiana
My Commission is Issued for Life
STATE OF NEW YORK )
) ss.:
COUNTY OF NEW YORK )
Personally appeared before me, the undersigned
authority in and for the aforesaid County and State, the within
named Xxxxxxx Xxxxxxx as Assistant Vice President, and Xxx Xxxxx,
as Vice President of THE BANK OF NEW YORK, who acknowledged that
they signed, attached the corporate seal of the corporation
thereto and delivered the foregoing instrument on the day and
year therein stated, by the authority and as the act and deed of
the corporation.
On the 29th day of January, 2001, before me personally
came Xxxxxxx Xxxxxxx to me known, who, being by me duly sworn,
did depose and say that he resides at 0 Xxxxxxx Xxxxx,
Xxxxxxxxxx, XX 00000; that he is an Assistant Vice President of
THE BANK OF NEW YORK, the corporation described in and which
executed the above instrument; that he knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of
Directors of said corporation, and that he signed her name
thereto by like order.
Given under my hand and seal this 29th day of January
2001.
Xxxxxxx Xxxxxxx
Notary Public, State of New York
No. 01CA5027729
Qualified in Bronx County
Commission Expires May 16, 0000
XXXXX XX XXX XXXX )
) ss.:
COUNTY OF NEW YORK )
Personally appeared before me, the undersigned
authority in and for the aforesaid County and State, the within
named XXXXXXX X. XXXXXXXXX, who acknowledged that he signed,
sealed and delivered the foregoing instrument on the day and year
therein mentioned.
On the 29th day of January, 2001, before me personally
came XXXXXXX X. XXXXXXXXX to me known to be the person described
in and who acknowledged the foregoing instrument, and
acknowledged that he executed the same.
Given under my hand and seal this 29th day of January,
2001
Xxxxxxx Xxxxxxx
Notary Public, State of New York
No. 01CA5027729
Qualified in Bronx County
Commission Expires May 16, 2002
EXHIBIT C
[FORM OF BOND OF TWENTY-SECOND SERIES]
[(See legend at the end of this bond for
restrictions on transferability and change of form)]
FIRST MORTGAGE BOND
6.25% Series due February 1, 2003
No. R-1 CUSIP______
ENTERGY MISSISSIPPI, INC. (formerly Mississippi Power &
Light Company), a corporation duly organized and validly existing
under the laws of the State of Mississippi (hereinafter called
the Company), for value received, hereby promises to pay to
__________ or registered assigns, at the office or agency of the
Company in New York, New York, the principal sum of $_______ on
February 1, 2003 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, and to pay in like manner to the registered owner
hereof interest thereon from the date of original issuance, if
the date of this bond is prior to August 1, 2001 or, if the date
of this bond is on or after August 1, 2001, from the February 1
or August 1 immediately preceding the date of this bond to which
interest has been paid (unless the date hereof is an interest
payment date to which interest has been paid, in which case from
the date hereof), at the rate of Six and Twenty-five One-
Hundredths per centum (6.25%) per annum in like coin or currency
on February 1 and August 1 in each year and at maturity or
earlier redemption, until the principal of this bond shall have
become due and been duly paid or provided for, and to pay
interest (before and after judgment) on any overdue principal,
premium, if any, and (to the extent that payment of such interest
on any overdue interest is not prohibited under applicable law)
on any defaulted interest at the rate of Seven and Twenty-five
One Hundredths per centum (7.25%) per annum. Interest on this
bond shall be computed on the basis of a 360-day year consisting
of twelve 30-day months. Interest on this bond in respect of a
portion of a month shall be calculated based on the actual number
of days elapsed.
The interest so payable on any interest payment date
will, subject to certain exceptions provided in the Mortgage
hereinafter referred to, be paid to the person in whose name this
bond is registered at the close of business on the Business Day
immediately preceding such interest payment date. At the option
of the Company, interest may be paid by check mailed on or prior
to such interest payment date to the address of the person
entitled thereto as such address shall appear on the register of
the Company.
This bond shall not become obligatory until The Bank of
New York, the Trustee under the Mortgage, or its respective
successor or successors thereunder, shall have signed the
authentication certificate endorsed hereon.
This bond is one of a series of bonds of the Company
issuable in series and is one of a duly authorized series known
as its First Mortgage Bonds, 6.25% Series due February 1, 2003
(herein called bonds of the Twenty-second Series), all bonds of
all series issued under and equally secured by a Mortgage and
Deed of Trust (herein, together with any indenture supplemental
thereto, called the Mortgage), dated as of February 1, 1988, duly
executed by the Company to The Bank of New York (successor to
Bank of Montreal Trust Company), and Xxxxxxx X. Xxxxxxxxx
(successor to Z. Xxxxxx Xxxxxxxxx), as Trustees. Reference is
made to the Mortgage for a description of the mortgaged and
pledged property, assets and rights, the nature and extent of the
lien and security, the respective rights, limitations of rights,
covenants, obligations, duties and immunities thereunder of the
Company, the holders of bonds and the Trustees and the terms and
conditions upon which the bonds are, and are to be, secured, the
circumstances under which additional bonds may be issued and the
definition of certain terms herein used, to all of which, by its
acceptance of this bond, the holder of this bond agrees.
The principal hereof may be declared or may become due
prior to the maturity date hereinbefore named on the conditions,
in the manner and at the time set forth in the Mortgage, upon the
occurrence of a Default as in the Mortgage provided. The
Mortgage provides that in certain circumstances and upon certain
conditions such a declaration and its consequences or certain
past defaults and the consequences thereof may be waived by such
affirmative vote of holders of bonds as is specified in the
Mortgage.
The Mortgage contains provisions permitting the Company
and the Trustee to execute supplemental indentures amending the
Mortgage for certain specified purposes without the consent of
holders of bonds. With the consent of the Company and to the
extent permitted by and as provided in the Mortgage, the rights
and obligations of the Company and/or the rights of the holders
of the bonds of the Twenty-second Series and/or the terms and
provisions of the Mortgage may be modified or altered by such
affirmative vote or votes of the holders of bonds then
Outstanding as are specified in the Mortgage.
Any consent or waiver by the holder of this bond
(unless effectively revoked as provided in the Mortgage) shall be
conclusive and binding upon such holder and upon all future
holders of this bond and of any bonds issued in exchange or
substitution herefor, irrespective of whether or not any notation
of such consent or waiver is made upon this bond or such other
bond.
No reference herein to the Mortgage and no provision of
this bond or of the Mortgage shall alter or impair the obligation
of the Company, which is absolute and unconditional, to pay the
principal of (and premium, if any) and interest on this bond in
the manner, at the respective times, at the rate and in the
currency herein prescribed.
The bonds are issuable as registered bonds without
coupons in the denominations of $1,000.00 and integral multiples
thereof. At the office or agency to be maintained by the Company
in the City of New York, State of New York, and in the manner and
subject to the provisions of the Mortgage, bonds may be exchanged
for a like aggregate principal amount of bonds of other
authorized denominations, without payment of any charge other
than a sum sufficient to reimburse the Company for any tax or
other governmental charge incident thereto. This bond is
transferable as prescribed in the Mortgage by the registered
owner hereof in person, or by his duly authorized attorney, at
the office or agency of the Company in New York, New York, upon
surrender of this bond, and upon payment, if the Company shall
require it, of the transfer charges provided for in the Mortgage,
and, thereupon, a new fully registered bond of the same series
for a like principal amount will be issued to the transferee in
exchange hereof as provided in the Mortgage. The Company and the
Trustees 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 and neither the
Company nor the Trustees shall be affected by any notice to the
contrary.
This bond is redeemable at the option of the Company as
provided in the Mortgage.
No recourse shall be had for the payment of the
principal of, premium, if any, 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.
As provided in the Mortgage, this bond shall be
governed by and construed in accordance with the laws of the
State of New York.
IN WITNESS WHEREOF, Entergy Mississippi, Inc. has
caused this bond to be signed in its corporate name by its
Chairman of the Board, Chief Executive Officer, President or one
of its Vice Presidents by his or her signature or a facsimile
thereof, and its corporate seal to be impressed or imprinted
hereon and attested by its Secretary or one of its Assistant
Secretaries by his signature or a facsimile thereof.
Dated:
ENTERGY MISSISSIPPI, INC.
By:_________________________________
Xxxxxx X. XxXxxx
Vice President and Treasurer
Attest:
__________________________
Title:
[FORM OF TRUSTEE'S
AUTHENTICATION CERTIFICATE]
TRUSTEE'S AUTHENTICATION CERTIFICATE
This bond is one of the bonds, of the series herein
designated, described or provided for in the within-mentioned
mortgage.
THE BANK OF NEW YORK,
as Trustee
By: ________________________
Authorized Signatory
[LEGEND
Unless and until this bond is exchanged in whole or in part
for certificated bonds registered in the names of the various
beneficial holders hereof as then certified to the Trustee by The
Depository Trust Company or its successor (the "Depositary"),
this bond may not be transferred except as a whole by the
Depositary to a nominee of the Depositary or by a nominee of the
Depositary to the Depositary or another nominee of the Depositary
or by the Depositary or any such nominee to a successor
Depositary or a nominee of such successor Depositary.
Unless this certificate is presented by an authorized
representative of the Depositary to the Company or its agent for
registration of transfer, exchange or payment, and any
certificate to be issued is registered in the name of Cede & Co.,
or such other name as requested by an authorized representative
of the Depositary and any amount payable thereunder is made
payable to Cede & Co., or such other name, ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL since the registered owner hereof, Cede & Co., has an
interest herein.
This bond may be exchanged for certificated bonds registered
in the names of the various beneficial owners hereof if (a) the
Depositary is at any time unwilling or unable to continue as
depositary and a successor depositary is not appointed by the
Company within 90 days, or (b) the Company elects to issue
certificated bonds to beneficial owners (as certified to the
Company by the Depositary).]
