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Guarantee Agreement

 

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Title:

Guarantee Agreement

Entities:

Pse&G Capital Trust III; Wachovia Bank, NA

Date:

2004

Size:

Preview shows 5KB of 53KB total

Price:

$49

ID:

#1794898

 

 

► Financing ► Guarantee Agreements
► Financial

 

 

Start of Preview


                               Guarantee Agreement


between

PUBLIC SERVICE ELECTRIC AND GAS COMPANY
(as Guarantor)

and

WACHOVIA BANK, NATIONAL ASSOCIATION
(as Guarantee Trustee)

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................................3
SECTION 2.02. List of Holders ................................................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

ARTICLE III
POWERS, DUTIES AND RIGHTS OF THE
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. Indemnity.......................................................9

ARTICLE IV
GUARANTEE TRUSTEE

SECTION 4.01. Guarantee Trustee; Eligibility..................................9
SECTION 4.02. Appointment, Removal and Resignation of the 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..............................................11


i

{PAGE}

Page
----

SECTION 5.05. Guarantee of Payment...........................................12
SECTION 5.06. Subrogation....................................................12
SECTION 5.07. Independent Obligations........................................12

ARTICLE VI
COVENANTS AND SUBORDINATION

SECTION 6.01. Subordination..................................................12

ARTICLE VII
TERMINATION

SECTION 7.01. Termination....................................................12

ARTICLE VIII
MISCELLANEOUS

SECTION 8.01. Successors and Assigns.........................................13
SECTION 8.02. Amendments.....................................................13
SECTION 8.03. Notices........................................................13
SECTION 8.04. Benefit........................................................14
SECTION 8.05. Interpretation.................................................14
SECTION 8.06. Governing Law..................................................15


ii

{PAGE}

CROSS-REFERENCE TABLE*

Section of Section of
Trust Indenture Act Guarantee
of 1939, as amended Agreement

 

End of Preview

 

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