Exhibit 4.02
Counterpart __ of __
ENTERGY NEW ORLEANS,
INC.
to
THE BANK OF NEW YORK MELLON
(formerly The Bank of New York, successor to Harris Trust
Company of New York and Bank of Montreal Trust
Company)
And
STEPHEN J. GIURLANDO
(successor to Mark F. McLaughlin and Z. George
Klodnicki)
As Trustees under
the Mortgage and Deed of Trust,
dated as of May 1, 1987 of Entergy New Orleans, Inc.
_________________
SUPPLEMENTAL INDENTURE
Providing among
other things for
First Mortgage
Bonds,
___% Series due
______ ___, 20__
(____________
Series)
Dated as of _______
__, 20__
_______________ SUPPLEMENTAL INDENTURE, dated as of
_______ __, 20__, between ENTERGY NEW ORLEANS, INC., a corporation
of the State of Louisiana, whose post office address is 1600
Perdido Street, Building 505, New Orleans, Louisiana 70112 (the
"Company") and THE BANK OF NEW YORK MELLON (formerly The Bank of
New York, successor to Harris Trust Company of New York and Bank of
Montreal Trust Company), a New York banking corporation, whose
principal corporate trust office is located at 101 Barclay Street,
Floor 21 West, New York, New York 10286 and STEPHEN J. GIURLANDO
(successor to Mark F. McLaughlin and Z. George Klodnicki), whose
address is 63 Euclid Avenue, Massapequa, New York 11758, as
trustees under the Mortgage and Deed of Trust, dated as of May 1,
1987, executed and delivered by the Company (herein called the
"Original Indenture"; the Original Indenture and any and all
indentures and instruments supplemental thereto being herein called
the "Indenture");
WHEREAS, the Original Indenture has been duly recorded and filed
as required in the State of Louisiana simultaneously with the
recording and filing of the First Supplemental Indenture thereto,
dated as of May 1, 1987, between the Company and BANK OF MONTREAL
TRUST COMPANY (The Bank of New York Mellon, successor) and Z.
GEORGE KLODNICKI (Stephen J. Giurlando, successor), as trustees
(herein called the "First Supplemental Indenture"); and
WHEREAS, the Original Indenture was recorded in various Parishes
in the State of Louisiana; and
WHEREAS, the Company 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 Second Supplemental Indenture, dated as of
January 1, 1988, its Third Supplemental Indenture, dated as of
March 1, 1993, its Fourth Supplemental Indenture, dated as of
September 1, 1993, its Fifth Supplemental Indenture, dated as of
April 1, 1995, its Sixth Supplemental Indenture, dated as of March
1, 1996, its Seventh Supplemental Indenture, dated as of July 1,
1998 (the "Seventh Supplemental Indenture"), its Eighth
Supplemental Indenture, dated as of July 1, 2000 (the "Eighth
Supplemental Indenture"), its Ninth Supplemental Indenture, dated
as of February 1, 2001, its Tenth Supplemental Indenture, dated as
of October 1, 2002, its Eleventh Supplemental Indenture, dated as
of July 1, 2003, its Twelfth Supplemental Indenture dated as of
August 1, 2004, its Thirteenth Supplemental Indenture dated as of
August 15, 2004, and its Fourteenth Supplemental Indenture dated as
of June 1, 2005 (the "Fourteenth Supplemental Indenture") each as a
supplement to the Original Indenture, which Supplemental Indentures
have been duly recorded in various Parishes in the State of
Louisiana, which Parishes are the same Parishes in which this
___________ Supplemental Indenture is to be recorded; and
WHEREAS, pursuant to an Agreement and Plan of Merger dated as of
March 18, 1999, Harris 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
Harris Trust Company of New York, and, by virtue of Section 9.03 of
the Original Indenture, Harris 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 July 15, 2000, Harris Trust Company of New
York and Mark F. McLaughlin resigned as Trustee and Co-Trustee,
respectively, under the Indenture, and by the Eighth Supplemental
Indenture, the Company appointed The Bank of New York and Stephen
J. Giurlando as successor Trustee and successor Co-Trustee,
respectively, effective July 15, 2000, and The Bank of New York and
Stephen J. Giurlando accepted said respective appointments; and
WHEREAS, effective July 1, 2008, The Bank of New York changed
its name to The Bank of New York Mellon; and
WHEREAS, the Company has heretofore issued, in accordance with
the provisions of the Indenture, the following series of bonds:
|
Series
|
Principal Amount
Issued
|
Principal Amount
Outstanding
|
|
10.95% Series due May 1, 1997
|
$75,000,000
|
|
None
|
|
|
13.20% Series due February 1, 1991
|
1,400,000
|
|
None
|
|
|
13.60% Series due February 1, 1993
|
29,400,000
|
|
None
|
|
|
13.90% Series due February 1, 1995
|
9,200,000
|
|
None
|
|
|
7% Series due March 1, 2003
|
25,000,000
|
|
None
|
|
|
8% Series due March 1, 2023
|
45,000,000
|
|
$45,000,000
|
|
|
7.55% Series due September 1, 2023
|
30,000,000
|
|
None
|
|
|
8.67% Series due April 1, 2005
|
30,000,000
|
|
None
|
|
|
8% Series due March 1, 2006
|
40,000,000
|
|
None
|
|
|
7% Series due July 15, 2008
|
30,000,000
|
|
None
|
|
|
8.125% Series due July 15, 2005
|
30,000,000
|
|
30,000,000
|
|
|
6.65% Series due March 1, 2004
|
30,000,000
|
|
None
|
|
|
6.75% Series due October 15, 2017
|
25,000,000
|
|
25,000,000
|
|
|
3.875% Series due
August 1, 2008
|
30,000,000
|
|
None
|
|
|
5.25% Series due August
1, 2013
|
70,000,000
|
|
70,000,000
|
|
|
5.65% Series due
September 1, 2029
|
40,000,000
|
|
40,000,000
|
|
|
5.60% Series due
September 1, 2024
|
35,000,000
|
|
35,000,000
|
|
|
4.98% Series due July
1, 2010
|
30,000,000
|
|
30,000,000
|
|
; and
WHEREAS, Section 19.04 of the Original Indenture 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 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 __________
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 _____________ SUPPLEMENTAL INDENTURE
WITNESSETH: That ENTERGY NEW ORLEANS, INC., in consideration of the
premises and of Ten Dollars ($10) to it duly paid by the Trustee at
or before the ensealing and delivery of these presents, the receipt
whereof is hereby acknowledged, and in order to secure the payment
of both the principal of and interest and premium, if any, 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 (including any modification made as in the Indenture
provided) and of said bonds, hath granted, bargained, sold,
released, conveyed, assigned, transferred, mortgaged, hypothecated,
affected, pledged, set over and confirmed and granted a security
interest in, and by these presents doth grant, bargain, sell,
release, convey, assign, transfer, mortgage, hypothecate, affect,
pledge, set over and confirm and grant a security interest in
(subject, however, to Excepted Encumbrances as defined in Section
1.06 of the Original Indenture), unto STEPHEN J. GIURLANDO and (to
the extent of its legal capacity to hold the same for the purpose
hereof) to THE BANK OF NEW YORK MELLON, as Trustees under the
Indenture, and to their successor or successors in said trust, and
to said Trustees and their successors and assigns forever (1) all
rights, legal and equitable, of the Company (whether in accordance
with Paragraph 32 of that certain Resolution No. R-86-112, adopted
by the Council of the City of New Orleans on March 20, 1986 and
accepted by the Company on March 25, 1986, as superseded by
Resolution No. R-91-157, effective October 4, 1991, or pursuant to
other regulatory authorization or by operation of law or
otherwise), in the event of the purchase and acquisition by the
City of New Orleans (or any other governmental authority or
instrumentality or designee thereof) of properties and assets of
the Company, to recover and receive payment and compensation from
the City (or from such other governmental authority or
instrumentality or designee thereof or any other person) of an
amount equal to the aggregate uncollected balance of (A) the
deferrals of Grand Gulf 1 Costs (as defined in the Original
Indenture) and the deferred carrying charges accrued thereon that
have accumulated prior to the City or such other entity providing
official notice to the Company of the City's or such other entity's
intent to effect such purchase and acquisition and (B) if and to
the extent that the City or such other entity and the Company agree
that the City or such other entity is liable for all or a portion
of the aggregate uncollected balance of such deferrals accumulating
thereafter or a court of final resort so holds, such deferrals that
have accumulated subsequent to such notice (said rights of the
Company, together with the proceeds and products thereof, being
defined in the Original Indenture as the "Municipalization
Interest"); and (2) all properties of the Company, real, personal
and mixed, of the kind or nature described or mentioned in the
Original Indenture; and (3) all properties of the Company
specifically described in Article VI hereof and all other
properties of the Company, real, personal and mixed, of the kind or
nature specifically mentioned in the Original Indenture or of any
other kind or nature acquired by the Company on or after the date
of the execution and delivery of the Original Indenture (except any
herein or in the Original Indenture, as heretofore supplemented,
expressly excepted), now owned 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 anywise limiting or impairing by
the enumeration of the same, the scope and intent of the foregoing
or of any general description contained herein or in the Original
Indenture, as heretofore supplemented), 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, gas plants, 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
presently; all municipal and other franchises, consents or permits;
all lines for the transmission and distribution of electric
current, gas, 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 herein or in the
Original Indenture, as heretofore supplemented, expressly excepted)
all the rights, 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
herein or in the Original Indenture, as heretofore supplemented,
described.
TOGETHER WITH all and singular the tenements, hereditaments,
prescriptions, servitudes 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 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 any herein or in
the Original Indenture, as heretofore supplemented, expressly
excepted, shall be and are as fully granted and conveyed hereby and
as fully embraced within the Lien of the Original Indenture and the
Lien hereof as if such property, rights and franchises were now
owned by the Company and were specifically described herein and
granted and conveyed hereby.
PROVIDED that, except as provided herein and in the Original
Indenture with respect to the Municipalization Interest, 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
or by the Original Indenture, as heretofore supplemented, granted
or intended to be granted, and the same are hereby expressly
excepted from the Lien of the Indenture and the operation of this
__________ Supplemental Indenture, viz.: (1) cash, shares of stock,
bonds, notes and other obligations and other securities not
heretofore or hereafter specifically pledged, paid, deposited,
delivered or held hereunder 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 and
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, general
intangibles and chooses in action, and all contracts, leases and
operating agreements not specifically pledged hereunder or under
the Original 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 wells 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 (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 STEPHEN J. GIURLANDO and (to the extent of its
legal capacity to hold the same for the purposes hereof) to THE
BANK OF NEW YORK MELLON, and their successors 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 are set forth in the Original Indenture,
as heretofore supplemented, this ____________ Supplemental
Indenture being supplemental thereto.
AND IT IS HEREBY COVENANTED by the Company that all the terms,
conditions, provisos, covenants and provisions contained in the
Original Indenture, as heretofore supplemented, shall affect and
apply to the property hereinbefore and hereinafter described and
conveyed and to the estate, rights, obligations and duties of the
Company and the Trustees and the beneficiaries of the trust with
respect to said property, and to the Trustees and their successors
as Trustees of said property in the same manner and with the same
effect as if 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 said trust under the
Indenture, as follows:
-
DEFINITIONS AND RULES OF CONSTRUCTION
-
-
Terms From the Original Indenture and First through ________
Supplemental Indentures . Except as set forth in Section 1.02
below, all defined terms used in this __________ Supplemental
Indenture and not otherwise defined herein shall have the
respective meanings ascribed to them in the Original Indenture or
the First through the ____________ Supplemental Indentures, as the
case may be.
-
Certain Defined Terms . As used in this ___________
Supplemental Indenture, the following defined terms shall have the
respective meanings specified unless the context clearly requires
otherwise:
The term "Bonds of the __________
Series" shall have the meaning specified in Section 2.01.
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.
-
-
References are to ___________ 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
____________ Supplemental Indenture, and the words "herein",
"hereof", "hereby", "hereunder" and words of similar import refer
to this _____________ 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.
-
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.
II.
THE
_____________ SERIES
-
-
Bonds of the ____________ Series . Pursuant to Section 2.01
of the Original Indenture, there shall be a series of bonds
designated ____% Series due ________ __, 20__ (herein sometimes
referred to as the "Bonds of the ___________ Series"), each of
which shall also bear the descriptive title "First Mortgage Bond".
The form of Bonds of the ____________ Series shall be substantially
in the form of Exhibit A hereto. Bonds of the ___________ Series
(which shall be issued in the aggregate principal amount of
$___,000,000) shall mature on ________ __, 20__ 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 ____________
Series shall bear interest at the rate of ____ and __________
hundredths percent (____%) per annum (except as hereinafter
provided), payable semi-annually on __________ __ and ___________
__ of each year, and at maturity or earlier redemption, the first
interest payment to be made on __________ __, 20__ for the period
from the date of original issuance of the Bonds of the ____________
Series to ___________ __, 20__; the principal 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, payable
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 Bonds of the ______________ Series may at the option of
the Company be paid by check mailed to the registered owners
thereof. Overdue principal and (to the extent permitted by law)
overdue interest in respect of Bonds of the _____________ Series
shall