SECURITY AND PLEDGE AGREEMENTSecurity and Pledge Agreement • May 9th, 2007 • Calpine Corp • Electric services • New York
SECURITY AND PLEDGE AGREEMENT (this “Agreement”), dated as of March 29, 2007, by and among CALPINE CORPORATION, a Delaware corporation (the “Borrower”), each of the direct and indirect domestic subsidiaries of the Borrower signatory hereto (together with the Borrower, the “Grantors”), each a debtor and debtor-in-possession under Chapter 11 of the Bankruptcy Code, and CREDIT SUISSE, as collateral agent (in such capacity and including any successors, the “Collateral Agent”) for the Secured Parties referred to below.
