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Title: |
Trust Securities Guarantee Agreement |
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Date: |
2001 |
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Size: |
Preview shows 5KB of 57KB total |
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Price: |
$33 |
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ID: |
#1397571 |
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TRUST SECURITIES GUARANTEE AGREEMENT
Among
PPL Corporation
(as Guarantor)
and
The Chase Manhattan Bank
(as Guarantee Trustee)
Relating to PPL Capital Funding Trust I
dated as of
------------
<PAGE>
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............5
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..................6
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..................10
SECTION 4.03 Appointment, Removal and Resignation of Guarantee
Trustee....................................................10
ARTICLE V
GUARANTEE
SECTION 5.01 Guarantee..................................................11
SECTION 5.02 Waiver of Notice and Demand................................11
SECTION 5.03 Obligations Not Affected...................................11
SECTION 5.04 Rights of Holders..........................................12
SECTION 5.05 Guarantee of Payment.......................................12
(i)
<PAGE>
SECTION 5.06 Subrogation................................................13
SECTION 5.07 Independent Obligations....................................13
ARTICLE VI
SUBORDINATION
SECTION 6.01 Subordination..............................................13
ARTICLE VII
TERMINATION
SECTION 7.01 Termination................................................14
ARTICLE VIII
MISCELLANEOUS
SECTION 8.01 Successors and Assigns.....................................14
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..............................................16
SECTION 8.07 Counterparts...............................................16
(ii)
<PAGE>
CROSS-REFERENCE TABLE*
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Section of Section of
Trust Indenture Act Guarantee
of 1939, as amended Agreement
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