AS TRUSTEE
AND TO IRVING TRUST COMPANY)
of the aforesaid First Mortgage, as heretofore amended
Reconciliation and tie between Trust Indenture Act of 1939 and Indenture, dated as of
August 1, 1936, as amended and restated in its entirety on March 23, 2009
Trust Indenture Act Section | Indenture Section | |||
310 | (a)(1) | 10.09 | ||
(a)(2) | 10.09 | |||
(a)(3) | 10.14 | |||
(a)(4) | Not Applicable | |||
(b) | 10.08, 10.10 | |||
311 | (a) | 10.13 | ||
(b) | 10.13 | |||
(c) | Not Applicable | |||
312 | (a) | 11.01 | ||
(b) | 11.01 | |||
(c) | 11.01 | |||
313 | (a) | 11.02 | ||
(b)(1) | Not Applicable | |||
(b)(2) | 11.02 | |||
(c) | 11.02 | |||
(d) | 11.02 | |||
314 | (a) | 11.02 | ||
(a)(4) | 7.05 | |||
(b) | Not Applicable | |||
(c)(1) | 1.04 | |||
(c)(2) | 1.04 | |||
(c)(3) | Not Applicable | |||
(d) | Not Applicable | |||
(e) | 1.04 | |||
315 | (a) | 10.01(a) | ||
(b) | 10.02 | |||
(c) | 10.01(b) | |||
(d) | 10.01(c) | |||
(d)(1) | 10.01(a)(1), 10.01(c)(1) | |||
(d)(2) | 10.01(c)(2) | |||
(d)(3) | 10.01(c)(3) | |||
(e) | 9.14 | |||
316 | (a) | 9.12, 9.13 | ||
(a)(1)(A) | 9.02, 9.12 | |||
(a)(1)(B) | 9.13 | |||
(a)(2) | Not Applicable | |||
(b) | 9.08 | |||
317 | (a)(1) | 9.03 | ||
(a)(2) | 9.04 | |||
(b) | 7.03 | |||
318 | (a) | 1.09 |
ARTICLE ONE. DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION | 9 | |||||
SECTION 1.01. | DEFINITIONS | 9 | ||||
SECTION 1.02. | FUNDED PROPERTY; FUNDED CASH | 22 | ||||
SECTION 1.03. | PROPERTY ADDITIONS; COST | 23 | ||||
SECTION 1.04. | COMPLIANCE CERTIFICATES AND OPINIONS | 25 | ||||
SECTION 1.05. | FORM OF DOCUMENTS DELIVERED TO TRUSTEE | 26 | ||||
SECTION 1.06. | ACTS OF HOLDERS | 28 | ||||
SECTION 1.07. | NOTICES, ETC. TO TRUSTEE OR COMPANY | 29 | ||||
SECTION 1.08. | NOTICE TO HOLDERS OF SECURITIES; WAIVER | 30 | ||||
SECTION 1.09. | CONFLICT WITH TRUST INDENTURE ACT | 30 | ||||
SECTION 1.10. | EFFECT OF HEADINGS AND TABLE OF CONTENTS | 31 | ||||
SECTION 1.11. | SUCCESSORS AND ASSIGNS | 31 | ||||
SECTION 1.12. | SEPARABILITY CLAUSE | 31 | ||||
SECTION 1.13. | BENEFITS OF INDENTURE | 31 | ||||
SECTION 1.14. | GOVERNING LAW | 31 | ||||
SECTION 1.15. | LEGAL HOLIDAYS | 31 | ||||
SECTION 1.16. | INVESTMENT OF CASH HELD BY TRUSTEE | 32 | ||||
SECTION 1.17. | FORCE MAJEURE | 32 | ||||
SECTION 1.18. | WAIVER OF JURY TRIAL | 33 | ||||
ARTICLE TWO. SECURITY FORMS | 34 | |||||
SECTION 2.01. | FORMS GENERALLY | 34 | ||||
SECTION 2.02. | FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION | 34 | ||||
ARTICLE THREE. THE SECURITIES | 35 | |||||
SECTION 3.01. | AMOUNT UNLIMITED; ISSUABLE IN SERIES | 35 | ||||
SECTION 3.02. | DENOMINATIONS | 38 | ||||
SECTION 3.03. | EXECUTION, AUTHENTICATION, DELIVERY AND DATING | 38 | ||||
SECTION 3.04. | GLOBAL OR TEMPORARY SECURITIES | 41 |
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SECTION 3.05. | REGISTRATION, REGISTRATION OF TRANSFER AND EXCHANGE | 41 | ||||
SECTION 3.06. | MUTILATED, DESTROYED, LOST AND STOLEN SECURITIES | 43 | ||||
SECTION 3.07. | PAYMENT OF INTEREST; INTEREST RIGHTS PRESERVED | 43 | ||||
SECTION 3.08. | PERSONS DEEMED OWNERS | 44 | ||||
SECTION 3.09. | CANCELLATION | 45 | ||||
SECTION 3.10. | COMPUTATION OF INTEREST | 45 | ||||
SECTION 3.11. | PAYMENT TO BE IN PROPER CURRENCY | 45 | ||||
SECTION 3.12. | EXTENSION OF INTEREST PAYMENT | 46 | ||||
SECTION 3.13. | CUSIP AND ISIN NUMBERS | 46 | ||||
ARTICLE FOUR. FIRST MORTGAGE BONDS, 5.45% SERIES DUE APRIL 1, 2019 | 47 | |||||
SECTION 4.01. | CREATION AND DESIGNATION OF BONDS OF SERIES DUE 2019 | 47 | ||||
SECTION 4.02. | AGGREGATE PRINCIPAL AMOUNT OF BONDS OF SERIES DUE 2019 ISSUABLE | 47 | ||||
SECTION 4.03. | BOOK-ENTRY SYSTEM | 47 | ||||
SECTION 4.04. | DATE OF BONDS OF SERIES DUE 2019 | 50 | ||||
SECTION 4.05. | MATURITY DATES, INTEREST RATES, INTEREST PAYMENT DATES AND REGULAR RECORD DATES FOR BONDS OF SERIES DUE 2019 | 50 | ||||
SECTION 4.06. | PLACE AND MANNER OF PAYMENT OF BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.07. | DENOMINATIONS AND NUMBERING OF DEFINITIVE BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.08. | TEMPORARY BONDS OF SERIES DUE 2019 AND EXCHANGE THEREOF | 51 | ||||
SECTION 4.09. | REDEMPTION PROVISIONS OF THE BONDS OF SERIES DUE 2019 | 51 | ||||
SECTION 4.10. | FORM OF THE BONDS OF SERIES DUE 2019 | 53 | ||||
ARTICLE FIVE. REDEMPTION OF SECURITIES | 58 | |||||
SECTION 5.01. | APPLICABILITY OF ARTICLE | 58 | ||||
SECTION 5.02. | ELECTION TO REDEEM; NOTICE TO TRUSTEE | 58 | ||||
SECTION 5.03. | SELECTION OF SECURITIES TO BE REDEEMED | 58 |
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SECTION 5.04. | NOTICE OF REDEMPTION | 59 | ||||
SECTION 5.05. | SECURITIES PAYABLE ON REDEMPTION DATE | 60 | ||||
SECTION 5.06. | SECURITIES REDEEMED IN PART | 60 | ||||
ARTICLE SIX. SINKING FUNDS | 61 | |||||
SECTION 6.01. | APPLICABILITY OF ARTICLE | 61 | ||||
SECTION 6.02. | SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES | 61 | ||||
SECTION 6.03. | REDEMPTION OF SECURITIES FOR SINKING FUND | 61 | ||||
ARTICLE SEVEN. REPRESENTATIONS AND COVENANTS | 63 | |||||
SECTION 7.01. | PAYMENT OF SECURITIES; LAWFUL POSSESSION | 63 | ||||
SECTION 7.02. | MAINTENANCE OF OFFICE OR AGENCY | 63 | ||||
SECTION 7.03. | MONEY FOR SECURITIES PAYMENTS TO BE HELD IN TRUST | 64 | ||||
SECTION 7.04. | CORPORATE EXISTENCE | 65 | ||||
SECTION 7.05. | ANNUAL OFFICER'S CERTIFICATE AS TO COMPLIANCE | 65 | ||||
SECTION 7.06. | WAIVER OF CERTAIN COVENANTS | 65 | ||||
ARTICLE EIGHT. SATISFACTION AND DISCHARGE | 67 | |||||
SECTION 8.01. | SATISFACTION AND DISCHARGE OF SECURITIES | 67 | ||||
SECTION 8.02. | SATISFACTION AND DISCHARGE OF INDENTURE | 69 | ||||
SECTION 8.03. | APPLICATION OF TRUST MONEY | 70 | ||||
ARTICLE NINE. EVENTS OF DEFAULT; REMEDIES | 72 | |||||
SECTION 9.01. | EVENTS OF DEFAULT | 72 | ||||
SECTION 9.02. | ACCELERATION OF MATURITY; RESCISSION AND ANNULMENT | 73 | ||||
SECTION 9.03. | COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE | 74 | ||||
SECTION 9.04. | TRUSTEE MAY FILE PROOFS OF CLAIM | 74 | ||||
SECTION 9.05. | TRUSTEE MAY ENFORCE CLAIMS WITHOUT POSSESSION OF SECURITIES | 75 | ||||
SECTION 9.06. | APPLICATION OF MONEY COLLECTED | 75 | ||||
SECTION 9.07. | LIMITATION ON SUITS | 76 |
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SECTION 9.08. | UNCONDITIONAL RIGHT OF HOLDERS TO RECEIVE PRINCIPAL, PREMIUM AND INTEREST | 76 | ||||
SECTION 9.09. | RESTORATION OF RIGHTS AND REMEDIES | 76 | ||||
SECTION 9.10. | RIGHTS AND REMEDIES CUMULATIVE | 77 | ||||
SECTION 9.11. | DELAY OR OMISSION NOT WAIVER | 77 | ||||
SECTION 9.12. | CONTROL BY HOLDERS OF SECURITIES | 77 | ||||
SECTION 9.13. | WAIVER OF PAST DEFAULTS | 77 | ||||
SECTION 9.14. | UNDERTAKING FOR COSTS | 78 | ||||
SECTION 9.15. | WAIVER OF USURY, STAY OR EXTENSION LAWS | 78 | ||||
SECTION 9.16. | RECEIVER AND OTHER REMEDIES | 78 | ||||
SECTION 9.17. | ENTRY UPON MORTGAGED PROPERTY | 79 | ||||
SECTION 9.18. | POWER OF SALE; SUITS FOR ENFORCEMENT | 79 | ||||
SECTION 9.19. | INCIDENTS OF SALE | 79 | ||||
ARTICLE TEN. THE TRUSTEE | 81 | |||||
SECTION 10.01. | CERTAIN DUTIES AND RESPONSIBILITIES | 81 | ||||
SECTION 10.02. | NOTICE OF DEFAULTS | 81 | ||||
SECTION 10.03. | CERTAIN RIGHTS OF TRUSTEE | 81 | ||||
SECTION 10.04. | NOT RESPONSIBLE FOR RECITALS, ISSUANCE OF SECURITIES, ETC. | 83 | ||||
SECTION 10.05. | MAY HOLD SECURITIES | 83 | ||||
SECTION 10.06. | MONEY HELD IN TRUST | 83 | ||||
SECTION 10.07. | COMPENSATION AND REIMBURSEMENT | 83 | ||||
SECTION 10.08. | DISQUALIFICATION; CONFLICTING INTERESTS | 84 | ||||
SECTION 10.09. | CORPORATE TRUSTEE REQUIRED; ELIGIBILITY | 85 | ||||
SECTION 10.10. | RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR | 85 | ||||
SECTION 10.11. | ACCEPTANCE OF APPOINTMENT BY SUCCESSOR | 87 | ||||
SECTION 10.12. | MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS | 87 | ||||
SECTION 10.13. | PREFERENTIAL COLLECTION OF CLAIMS AGAINST COMPANY | 87 | ||||
SECTION 10.14. | CO-TRUSTEE AND SEPARATE TRUSTEES | 88 | ||||
SECTION 10.15. | APPOINTMENT OF AUTHENTICATING AGENT | 89 |
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ARTICLE ELEVEN. HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY | 91 | |||||
SECTION 11.01. | LISTS OF HOLDERS | 91 | ||||
SECTION 11.02. | REPORTS BY TRUSTEE AND COMPANY | 91 | ||||
ARTICLE TWELVE. CONSOLIDATION, MERGER, CONVEYANCE, OR OTHER TRANSFER | 92 | |||||
SECTION 12.01. | COMPANY MAY CONSOLIDATE, ETC., ONLY ON CERTAIN TERMS | 92 | ||||
SECTION 12.02. | SUCCESSOR COMPANY SUBSTITUTED | 93 | ||||
SECTION 12.03. | EXTENT OF LIEN HEREOF ON PROPERTY OF SUCCESSOR COMPANY | 94 | ||||
SECTION 12.04. | RELEASE OF COMPANY UPON CONVEYANCE OR OTHER TRANSFER | 94 | ||||
SECTION 12.05. | MERGER INTO COMPANY; EXTENT OF LIEN HEREOF | 94 | ||||
SECTION 12.06. | TRANSFER OF LESS THAN SUBSTANTIALLY ALL | 95 | ||||
ARTICLE THIRTEEN. SUPPLEMENTAL INDENTURES | 96 | |||||
SECTION 13.01. | SUPPLEMENTAL INDENTURES WITHOUT CONSENT OF HOLDERS | 96 | ||||
SECTION 13.02. | SUPPLEMENTAL INDENTURES WITH CONSENT OF HOLDERS | 97 | ||||
SECTION 13.03. | EXECUTION OF SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.04. | EFFECT OF SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.05. | CONFORMITY WITH TRUST INDENTURE ACT | 99 | ||||
SECTION 13.06. | REFERENCE IN SECURITIES TO SUPPLEMENTAL INDENTURES | 99 | ||||
SECTION 13.07. | MODIFICATION WITHOUT SUPPLEMENTAL INDENTURE | 100 | ||||
ARTICLE FOURTEEN. MEETINGS OF HOLDERS; ACTION WITHOUT MEETING | 101 | |||||
SECTION 14.01. | PURPOSES FOR WHICH MEETINGS MAY BE CALLED | 101 | ||||
SECTION 14.02. | CALL, NOTICE AND PLACE OF MEETINGS | 101 | ||||
SECTION 14.03. | PERSONS ENTITLED TO VOTE AT MEETINGS | 101 | ||||
SECTION 14.04. | QUORUM; ACTION | 102 |
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SECTION 14.05. | ATTENDANCE AT MEETINGS; DETERMINATION OF VOTING RIGHTS; CONDUCT AND ADJOURNMENT OF MEETINGS | 103 | ||||
SECTION 14.06. | COUNTING VOTES AND RECORDING ACTION OF MEETINGS | 103 | ||||
SECTION 14.07. | ACTION WITHOUT MEETING | 104 | ||||
ARTICLE FIFTEEN. IMMUNITY OF INCORPORATORS, SHAREHOLDERS, OFFICERS AND DIRECTORS | 105 | |||||
SECTION 15.01. | LIABILITY SOLELY CORPORATE | 105 | ||||
ARTICLE SIXTEEN. ISSUANCE OF SECURITIES | 106 | |||||
SECTION 16.01. | GENERAL | 106 | ||||
SECTION 16.02. | ISSUANCE OF SECURITIES ON THE BASIS OF PROPERTY ADDITIONS | 106 | ||||
SECTION 16.03. | ISSUANCE OF SECURITIES ON THE BASIS OF RETIRED SECURITIES | 108 | ||||
SECTION 16.04. | ISSUANCE OF SECURITIES ON THE BASIS OF DEPOSIT OF CASH | 109 | ||||
ARTICLE SEVENTEEN. POSSESSION, USE AND RELEASE OF MORTGAGED PROPERTY | 110 | |||||
SECTION 17.01. | QUIET ENJOYMENT | 110 | ||||
SECTION 17.02. | DISPOSITIONS WITHOUT RELEASE | 110 | ||||
SECTION 17.03. | RELEASE OF FUNDED PROPERTY | 111 | ||||
SECTION 17.04. | RELEASE OF MORTGAGED PROPERTY NOT CONSTITUTING FUNDED PROPERTY | 114 | ||||
SECTION 17.05. | RELEASE OF MINOR PROPERTIES | 115 | ||||
SECTION 17.06. | WITHDRAWAL OR OTHER APPLICATION OF FUNDED CASH; PURCHASE MONEY OBLIGATIONS | 116 | ||||
SECTION 17.07. | RELEASE OF PROPERTY TAKEN BY EMINENT DOMAIN, ETC. | 119 | ||||
SECTION 17.08. | DISCLAIMER OR QUITCLAIM | 120 | ||||
SECTION 17.09. | MISCELLANEOUS | 120 | ||||
SECTION 17.10. | PRESERVATION OF LIEN | 121 | ||||
SECTION 17.11. | MAINTENANCE OF PROPERTIES | 121 | ||||
SECTION 17.12. | PAYMENT OF TAXES; DISCHARGE OF LIENS | 122 |
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SECTION 17.13. | INSURANCE | 122 | ||||
SECTION 17.14. | RECORDING, FILING, ETC. | 125 | ||||
EXHIBIT A. RECORDING DATA | A-1 | |||||
EXHIBIT B. REAL PROPERTY ACQUIRED SINCE DECEMBER 1, 1985 | B-1 | |||||
EXHIBIT C. SCHEDULE OF REAL PROPERTY HOLDINGS | C-1 |
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Corporate Trust Administration
900 Ashwood Parkway, Suite 425
Atlanta, Georgia 30338
Attention: Vice President
Telecopy: (770) 698-5195
526 South Church Street
Charlotte, North Carolina 28202
Attention: Treasurer
Telecopy: (980) 373-3699
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee | ||||
By: | ||||
Authorized Signatory |
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No. R- CUSIP No: 26442E AA 8 ISIN: US26442EAA82 | $_________ |
First Mortgage Bond, 5.45% Series,
Due April 1, 2019
1 | This should be included only if the Bonds of Series Due 2019 are being issued in global form. |
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Duke Energy Ohio, Inc. | ||||
By | ||||
Authorized Officer |
The Bank of New York Mellon Trust Company, N.A., as Trustee | ||||
By | ||||
Authorized Signatory |
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THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., As Trustee | ||||
By | [Name of Authenticating Agent], As Authenticating Agent | |||
By | ||||
Authorized Officer | ||||
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Duke Energy Ohio, Inc. | ||||
By | /s/ M. Allen Carrick | |||
M. Allen Carrick | ||||
Assistant Treasurer |
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The Bank of New York Mellon Trust Company, N.A.,as Trustee | ||||
By | /s/ Van K. Brown | |||
Van K. Brown | ||||
Vice President |
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matters set forth in clauses (a) and (d) of
the “Recitals of the Company”:
The Bank of New York Mellon, as Resigning Trustee | ||||
By | /s/ Kimberly P. Davidson | |||
Kimberly P. Davidson | ||||
Vice President |
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State of North Carolina | ) | |
)ss: | ||
County of Mecklenburg | ) |
/s/ Heather Paige Blum | ||||
Notary Public | ||||
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State of Georgia | ) | |
)ss: | ||
County of Fulton | ) |
/s/ Inna Rueve | ||||
Notary Public | ||||
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(formerly The Cincinnati Gas & Electric Company)
A-1
THE DATE OF THE TWENTY-FIFTH SUPPLEMENTAL INDENTURE,
AND THE DATE OF THIS FORTIETH SUPPLEMENTAL INDENTURE
B-1
C-1
Frost Brown Todd LLC
2200 PNC Center
201 East Fifth Street
Cincinnati, Ohio 45202