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Title: |
Trust Securities Guarantee Agreement |
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Entities: |
Chase Manhattan Bank; JPMorgan Chase Bank; PPL Capital Funding Inc |
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Date: |
2004 |
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Size: |
48KB total |
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Price: |
$46 |
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ID: |
#1397313 |
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TRUST SECURITIES GUARANTEE AGREEMENT
Among
PPL Corporation
(as Guarantor)
and
JPMorgan Chase Bank
(as Guarantee Trustee)
Relating to PPL Capital Funding Trust II
dated as of
TABLE OF CONTENTS
| Page | ||||
|
ARTICLE I
DEFINITIONS
| ||||
| SECTION 1.01 | Definitions | 1 | ||
|
ARTICLE II
TRUST INDENTURE ACT
| ||||
| SECTION 2.01 | Trust Indenture Act; Application | 4 | ||
| SECTION 2.02 | Lists of Holders of [Preferred Trust] Securities | 4 | ||
| SECTION 2.03 | Reports by the Guarantee Trustee | 4 | ||
| SECTION 2.04 | Periodic Reports to Guarantee Trustee | 4 | ||
| SECTION 2.05 | Evidence of Compliance with Conditions Precedent | 4 | ||
| SECTION 2.06 | Events of Default; Waiver | 5 | ||
| SECTION 2.07 | Event of Default; Notice | 5 | ||
| SECTION 2.08 | Conflicting Interests | 5 | ||
|
ARTICLE III
POWERS, DUTIES AND RIGHTS OF GUARANTEE TRUSTEE
| ||||
| SECTION 3.01 | Powers and Duties of the Guarantee Trustee | 5 | ||
| SECTION 3.02 | Certain Rights of Guarantee Trustee | 7 | ||
| SECTION 3.03 | Not Responsible for Recitals or Issuance of Guarantee | 9 | ||
|
ARTICLE IV
GUARANTEE TRUSTEE
| ||||
| SECTION 4.01 | Guarantee Trustee; Eligibility | 9 | ||
| SECTION 4.02 | Compensation, Reimbursement and Indemnity | 9 | ||
| SECTION 4.03 | Appointment, Removal and Resignation of Guarantee Trustee | 10 | ||
|
ARTICLE V
GUARANTEE
| ||||
| SECTION 5.01 | Guarantee | 10 | ||
| SECTION 5.02 | Waiver of Notice and Demand | 10 | ||
| SECTION 5.03 | Obligations Not Affected | 11 | ||
| SECTION 5.04 | Rights of Holders | 12 | ||
| SECTION 5.05 | Guarantee of Payment | 12 | ||
(i)
| SECTION 5.06 | Subrogation | 12 | ||
| SECTION 5.07 | Independent Obligations | 12 | ||
|
ARTICLE VI
SUBORDINATION
| ||||
| SECTION 6.01 | Subordination | 13 | ||
|
ARTICLE VII
TERMINATION
| ||||
| SECTION 7.01 | Termination | 13 | ||
|
ARTICLE VIII
MISCELLANEOUS
| ||||
| SECTION 8.01 | Successors and Assigns | 13 | ||
| SECTION 8.02 | Amendments | 14 | ||
| SECTION 8.03 | Notices | 14 | ||
| SECTION 8.04 | Benefit | 15 | ||
| SECTION 8.05 | Interpretation | 15 | ||
| SECTION 8.06 | Governing Law | 15 | ||
| SECTION 8.07 | Counterparts | 15 | ||
(ii)
CROSS-REFERENCE TABLE*
|
Section of Trust Indenture Act of 1939, as amended |
Section of Guarantee Agreement | |
|
310(a) |
4.01(a) | |
|
310(b) |
4.01(c), 2.08 | |
|
310(c) |
Inapplicable | |
|
311(a) |
2.02(b) | |
|
311(b) |
2.02(b) | |
|
311(c) |
Inapplicable | |
|
312(a) |
2.02(a) | |
|
312(b) |
2.02(b) | |
|
313 |
2.03 | |
|
314(a) |
2.04 | |
|
314(b) |
Inapplicable | |
|
314(c) |
2.05 | |
|
314(d) |
Inapplicable | |
|
314(e) |
1.01, 2.05, 3.02 | |
|
314(f) |
2.01 | |
|
315(a) |
3.01, 3.02 | |
|
315(b) |
2.07 | |
|
315(c) |
3.01 | |
|
315(d) |
3.01(c) | |
|
316(a) |
5.04, 2.06 | |
|
316(b) |
5.03 | |
|
316(c) |
8.02 | |
|
317(a) |
Inapplicable | |
|
317(b) |
Inapplicable | |
|
318(a) |
2.01(b) | |
|
318(b) |
2.01 | |
|
318(c) |
2.01(a) | |
| * | This Cross-Reference Table does not constitute part of the Guarantee Agreement and shall not affect the interpretation of any of its terms or provisions. |
(iii)
TRUST SECURITIES GUARANTEE AGREEMENT
This TRUST SECURITIES GUARANTEE AGREEMENT (Guarantee Agreement), dated as of , is executed and delivered by PPL Corporation, a Pennsylvania corporation (the Guarantor), and JPMorgan Chase Bank, as trustee (the Guarantee Trustee), for the benefit of the Holders (as defined herein) from time to time of the Preferred Trust Securities [and Common Trust Securities] ([each] as defined herein [and together, the Securities]) of PPL Capital Funding Trust II, a Delaware statutory business trust (the Issuer).
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