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HomeMy WebLinkAbout934017 Executed in 75 Counterparts of which this is Counterpart No. ~ RECEIVED 10/12/2007 at 4:21 PM RECEIVING # 934017 BOOK: 675 PAGE: 439 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000439 IDAHO POWER COMPANY TO DEUTSCHE BANK TRUST COMPANY AMERICAS AND STANLEY BURG, As Trustees under its Mortgage and Deed of Trust dated as of October 1, 1937. Forty-third Supplemental Indenture providing among other things for Bonds of MTN Series G Dated as of September 1, 2007 NYB665957.5 TABLE OF CONTENTSl 000440 P age Parties and Recitals.......................................... ............................................................................... 1 Granting Clause ................................. ........................... .... .... .................... ............... ....... ................ 4 Property Description..................................................................................... .................................. 5 ARTICLE I Description of Bonds ofMTN Series G Section 1. General terms and redemption provisions ....... ............................................... ............... 6 Section 2. Exchange and transfers of Bonds................................................................. ......... ......... 8 Section 3 . Form of Bonds................................ ...................................................... ........... .............. 9 Section 4. Temporary Bonds..............................................................................................··.····· ..... 9 ARTICLE II Issue of Bonds ofMTN Series G Section 5. Issue of Bonds..................................................................................................·......···.... 9 ARTICLE III Covenants Section 6. Application of Original Indenture............................................................... ................... 9 Section 7. Lawful ownership.......................................................................................................... 9 Section 8. Annual certificate as to defaults................................................................................... 10 ARTICLE IV The Trustees Acceptance 0 f trust ....................................................................................................................... 1 0 Recitals deemed made by the Company......... .............................. ..... .................................. ......... 10 AR TI CLE V Miscellaneous Provisions Meanings of terms............................................................................................................·.........,·· 10 Ratification and Confirmation.......,.............................................................................................· 10 Counterparts......................................................................................,........................................... 10 Testimonium...........................................".................................................................................... 11 Signatures and seals...................................................................................................................·.. 11 Acknowledgments.......,......................................... .................. ........... ,..................................... ,.... 13 Affidavits................ ........,.. ,.......................................................................... ........................... ..... 16 This table of contents shall not have any bearing upon the interpretation of this Supplemental Indenture. NYB665957.5 000441 SUPPLEMENTAL INDENTURE, dated as of the 1 st day of September, 2007 made and entered into by and between IDAHO POWER COMPANY, a corporation of the State of Idaho (successor by merger to Idaho Power Company, a corporation of the State of Maine, hereinafter sometimes called the "Maine Company"), whose address is 1221 West Idaho Street, Boise, Idaho 83702-5627 (hereinafter sometimes called the "Company"), party of the first part, and DEUTSCHE BANK TRUST COMPANY AMERICAS, formerly known as Bankers Trust Company, a corporation of the State of New York whose post office address is 60 Wall Street, New York, New York 10005 (hereinafter sometimes called the "Corporate Trustee"), and Stanley Burg (hereinafter sometimes called the "Individual Trustee"), parties of the second part (the Corporate Trustee and the Individual Trustee being hereinafter together sometimes called the "Trustees"), as Trustees under the Mortgage and Deed of Trust dated as of October 1, 1937 hereinafter referred to; and WHEREAS, the Maine Company has heretofore executed and delivered to the Trustees its Mortgage and Deed of Trust (hereinafter sometimes referred to as the "Original Indenture"), dated as of October 1, 1937, to secure the payment both of the principal of and interest and premium, if any, on all Bonds at any time issued and outstanding thereunder and to declare the terms and conditions upon which Bonds are to be issued thereunder; and WHEREAS, the Maine Company was merged into the Company on June 30, 1989; and WHEREAS, in order to evidence the succession of the Company to the Maine Company and the assumption by the Company of the covenants and conditions of the Maine Company in the Bonds and in the Original Indenture, as supplemented, contained, and to enable the Company to have and exercise the powers and rights of the Maine Company under the Original Indenture, as supplemented, in accordance with the terms thereof, the Company executed and delivered to the Trustees a Twenty-eighth Supplemental Indenture, dated as of June 30, 1989 (which supplemental indenture is hereinafter sometimes called the "Twenty-eighth Supplemental Indenture"); and WHEREAS, said Twenty-eighth Supplemental Indenture was recorded in the records of the County of Elko, Nevada; the Counties of Baker, Grant, Harney, Malheur, Union and Wallowa, Oregon; the Counties of Ada, Adams, Bannock, Bear Lake, Bingham, Blaine, Boise, Bonneville, Butte, Camas, Canyon, Caribou, Cassia, Clark, Elmore, Gem, Gooding, Idaho, Jefferson, Jerome, Lemhi, Lincoln, Minidoka, Oneida, Owyhee, Payette, Power, Twin Falls, Valley and Washington, Idaho; the Counties of Lincoln and Sweetwater, Wyoming; and with the Secretary of State of the States ofIdaho, Montana, Oregon, Nevada and Wyoming; and WHEREAS, in accordance with the terms of the Original Indenture the Maine Company or the Company has executed and delivered to the Trustees the following supplemental indentures in addition to the Twenty-eighth Supplemental Indenture: Designation First Supplemental Indenture Second Supplemental Indenture Dated as of July 1, 1939 November 15, 1943 NYB665957.5 1 Designation Third Supplemental Indenture Fourth Supplemental Indenture Fifth Supplemental Indenture Sixth Supplemental Indenture Seventh Supplemental Indenture Eighth Supplemental Indenture Ninth Supplemental Indenture Tenth Supplemental Indenture Eleventh Supplemental Indenture Twelfth Supplemental Indenture Thirteenth Supplemental Indenture Fourteenth Supplemental Indenture Fifteenth Supplemental Indenture Sixteenth Supplemental Indenture Seventeenth Supplemental Indenture Eighteenth Supplemental Indenture Nineteenth Supplemental Indenture Twentieth Supplemental Indenture Twenty-first Supplemental Indenture Twenty-second Supplemental Indenture Twenty-third Supplemental Indenture Twenty-fourth Supplemental Indenture Twenty-fifth Supplemental Indenture Twenty-sixth Supplemental Indenture Twenty-seventh Supplemental Indenture Twenty-ninth Supplemental Indenture Thirtieth Supplemental Indenture Thirty-first Supplemental Indenture Thirty-second Supplemental Indenture Thirty-third Supplemental Indenture Thirty-fourth Supplemental Indenture Thirty-fifth Supplemental Indenture Thirty-sixth Supplemental Indenture Thirty-seventh Supplemental Indenture Thirty-eighth Supplemental Indenture Thirty-ninth Supplemental Indenture Fortieth Supplemental Indenture Forty-first Supplemental Indenture Forty-second Supplemental Indenture Dated as of 000442 February 1, 1947 May 1, 1948 November 1, 1949 October 1, 1951 January 1, 1957 July 15, 1957 November 15, 1957 April 1, 1958 October 15, 1958 May 15, 1959 November 15, 1960 November 1, 1961 September 15, 1964 April 1 , 1966 October 1, 1966 September 1, 1972 January 15, 1974 August 1, 1974 October 15, 1974 November 15, 1976 August 15, 1978 September 1, 1979 November 1, 1981 May 1, 1982 May 1, 1986 January 1, 1990 January 1, 1991 August 15, 1991 March 15, 1992 April 1, 1993 December 1, 1993 November 1,2000 October 1,2001 April 1 , 2003 May 15,2003 October 1, 2003 May 1,2005 October 1, 2006 May 1, 2007 each of which is supplemental to the Original Indenture (the Original Indenture and all indentures supplemental thereto together being hereinafter sometimes referred to as the "Indenture"); and 2 NYB665957.5 000443 WHEREAS, the Original Indenture and said Supplemental Indentures (except said Fifteenth Supplemental Indenture) have each been recorded in the records of the County of Elko, Nevada; the Counties of Baker, Grant, Harney, Malheur, Union and Wallowa, Oregon; the Counties of Ada, Adams, Bannock, Bear Lake, Bingham, Blaine, Boise, Bonneville, Butte, Camas, Canyon, Caribou, Cassia, Clark, Elmore, Gem, Gooding, Idaho, Jefferson, Jerome, Lemhi, Lincoln, Minidoka, Oneida, Owyhee, Payette, Power, Twin Falls, Valley and Washington, Idaho; the Counties of Lincoln and Sweetwater, Wyoming; and with the Secretary of State of the States ofIdaho, Montana, Oregon, Nevada and Wyoming; and WHEREAS, the Maine Company or the Company has heretofore issued Bonds, under and in accordance with the terms of the Indenture in the following series and aggregate principal amounts: Series Principal Amount Issued 3-3/4% Series due 1967 3-1/8% Series due 1973 2-3/4% Series due 1977 3% Series due 1978 2-3/4% Series due 1979 3-1/4% Series due 1981 4-1/2% Series due 1987 4-3/4% Series due 1987 4% Series due Apri11988 4-1/2% Series due October 1988 5% Series due 1989 4-7/8% Series due 1990 4-1/2% Series due 1991 5-1/4% Series due 1996 6-1/8% Series due 1996 7-3/4% Series due 2002 8-3/8% Series due 2004 10% Series due 2004 8-1/2% Series due 2006 9% Series due 2008 10-1/4% Series due 2003 First Mortgage Bonds, 1984 Series 16.10% Series due 1991-1992 Pollution Control Series A 8.65% Series due 2000 9.50% Series due 2021 9.52% Series due 2031 8% Series due 2004 8 3/4% Series due 2027 Secured Medium-Term Notes, Series A $18,000,000 18,000,000 5,000,000 10,000,000 12,000,000 15,000,000 20,000,000 15,000,000 10,000,000 15,000,000 15,000,000 15,000,000 10,000,000 20,000,000 30,000,000 30,000,000 35,000,000 50,000,000 30,000,000 60,000,000 62,000,000 10,100,000 50,000,000 49,800,000 80,000,000 75,000,000 25,000,000 50,000,000 50,000,000 190,000,000 3 NYB665957.5 Principal Amount Outstanding None None None None None None None None None None None None None None None None None None None None None None None None None None None None None None Series Principal Amount Issued Secured Medium- Tenn Notes, Series B Secured Medium- Tenn Notes, Series C Secured Medium- Tenn Notes, Series D Secured Medium-Tenn Notes, Series E Pollution Control Series B Secured Medium- Tenn Notes, Series F Pollution Control Series C $197,000,000 200,000,000 200,000,000 245,000,000 49,800,000 200,000,000 116,300,000 000444 Principal Amount Outstanding $80,000,000 200,000,000 200,000,000 245,000,000 49,800,000 200,000,000 116,300,000 which bonds are hereinafter sometimes called bonds of the First through Thirty-seventh Series; and WHEREAS, the Company, in accordance with the provisions of the Indenture and pursuant to appropriate resolutions of its Board of Directors, has duly detennined to make, execute and deliver to the Trustees this Forty-third Supplemental Indenture for the purposes herein provided, including the issuance of a Thirty-eighth Series of Bonds under the Indenture, in the aggregate principal amount of up to One Hundred Million Dollars ($100,000,000), to be designated as "First Mortgage Bonds, Secured Medium- Tenn Notes, Series G" (herein sometimes called the "Bonds of MTN Series G"); and WHEREAS, it is also now desired, for the purpose of more effectually carrying out the purposes of the Original Indenture, to confinn specifically the subjection to the lien thereof and of the Indenture of the certain property acquired by the Company in addition to the property specifically described in the Original Indenture and in said First, Second, Third, Fourth, Fifth, Sixth, Seventh, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twenty-first, Twenty-second, Twenty-third, Twenty- fourth, Twenty-fifth, Thirty-sixth, Thirty-seventh, Thirty-ninth, Fortieth and Forty-first Supplemental Indentures; and WHEREAS, all things necessary to make said Bonds of MTN Series G, when duly authenticated by the Corporate Trustee and issued by the Company, valid and legally binding obligations of the Company and to make the Original Indenture, as heretofore supplemented and as supplemented hereby, a valid and legally binding instrument for the security thereof, have been perfonned, and the execution and delivery of this Forty-third Supplemental Indenture and the issue of said Bonds as in this Forty-third Supplemental Indenture provided have been in all respects duly authorized: NOW, THEREFORE, THIS INDENTURE WITNESSETH: That in consideration of the premises and of One Dollar to it duly paid by the Trustees at or before the ensealing and delivery of these presents, the receipt whereof is hereby acknowledged, and in order to secure the payment both of the principal of and interest and premium, if any, on all Bonds at any time issued and outstanding under the Indenture, according to their tenor and effect, and the perfonnance of all the provisions of the Indenture and of said 4 NYB665957.5 Bonds, the Company has duly executed and delivered to the Trustees this Forty-third 00 Supplemental Indenture and has granted, bargained, sold, released, conveyed, assigned, , 0445 transferred, mortgaged, pledged, set over and confinned and by these presents does grant, bargain, sell, release, convey, as'sign, transfer, mortgage, pledge, set over and confinn unto Stanley Burg and (to the extent of its legal capacity to hold the same for the purposes hereof) unto Deutsche Bank Trust Company Americas, as Trustees as aforesaid, and to their successor or successors in said trust, and to them and their successors, heirs and assigns forever, all property, whether real, personal or mixed (except any hereinafter expressly excepted), and wheresoever situated, acquired since the date of said Original Indenture by and now or hereafter owned by the Company including the following described properties, rights and interests in property (in addition to all other properties heretofore subjected to the lien of the Indenture and not heretofore released from the lien thereof)--that is to say: PROPERTIES ACQUIRED OR CONSTRUCTED GENERATING PLANTS None. TRANSMISSION LINES & SYSTEMS None. DISTRIBUTION LINES & SYSTEMS None. SUBSTATIONS None. FRANCHISES None. ALL OTHER LANDS, IMPROVEMENTS, BUILDINGS AND OTHER SUBSTATIONS None. All other property, whether real, personal or mixed (except any hereinafter expressly excepted), and wheresoever situated, acquired since the date of said Original Indenture by and now or hereafter owned by the Company. TOGETHER with all and singular the tenements, hereditaments and appurtenances belonging or in any wise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders, and (subject to the 5 NYB665957.5 provisions of Section 57 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 and franchises and every part and parcel thereof. 000·446 It is not intended herein or hereby to include in or subject to the lien of the Indenture, and the granting clauses hereof shall not be deemed to apply to, (1) any revenues, earnings, rents, issues, income or profits of the mortgaged and pledged property, or any bills, notes or accounts receivable, contracts or choses in action, except to the extent pennitted by law in case a completed default specified in Section 65 of the Indenture shall have occurred and be continuing and either or both of the Trustees, or a receiver or trustee, shall have entered upon or taken possession of the mortgaged and pledged property, or (2) in any case, unless specifically subjected to the lien thereof, any bonds, notes, evidences of indebtedness, shares of stock, or other securities or any cash (except cash deposited with the Corporate Trustee pursuant to any provisions of the Indenture) or any goods, wares, merchandise, equipment or apparatus manufactured or acquired for the purpose of sale or resale in the usual course of business. TO HAVE AND TO HOLD all such properties, real, personal and mixed, granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over or confinned by the Company as aforesaid, or intended so to be, unto the Individual Trustee and (to the extent of its legal capacity to hold the same for the purposes hereof) unto the Corporate Trustee, and their successors, heirs and assigns forever; IN TRUST, NEVERTHELESS, for the same purposes and upon the same tenns, trusts and conditions and subject to and with the same provisions and covenants as are set forth in the Original Indenture, as amended or modified by said First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-first, Twenty-second, Twenty-third, Twenty-fourth, Twenty-fifth, Twenty-sixth, Twenty-seventh, Twenty-eighth, Twenty-ninth, Thirtieth, Thirty-first, Thirty-second, Thirty-third, Thirty-fourth, Thirty-fifth, Thirty-sixth, Thirty-seventh, Thirty-eighth, Thirty-ninth, Fortieth, Forty-first and Forty-second Supplemental Indentures and this Forty-third Supplemental Indenture. And it is hereby covenanted, declared and decreed by and between the parties hereto, for the benefit ofthose who shall hold the Bonds and interest coupons, or any ofthem, issued and to be issued under the Indenture, as follows: ARTICLE I Description of Bonds of MTN Series G. SECTION 1. The Thirty-eighth Series of Bonds to be executed, authenticated and delivered under and secured by the Indenture shall be Secured Medium- Tenn Notes, Series G, designated as "First Mortgage Bonds, Secured Medium-Tenn Notes, Series G"ofthe Company. The Bonds ofMTN Series G shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, all of the tenns, conditions and covenants of the Original Indenture, except insofar as the tenns and provisions of 6 NYB665957.5 000447 the Original Indenture have been or are amended or modified by said First through Forty-second Supplemental Indentures or by this Forty-third Supplemental Indenture. Bonds ofMTN Series G shall be issued from time to time in an aggregate principal amount not to exceed $100,000,000, be issued as registered Bonds without coupons in the denominations of$I,OOO or in any multiple thereof; each Bond of MTN Series G shall mature on such date not less than nine months nor more than thirty years from date of issue, shall bear interest at such rate or rates (which may be either fixed or variable) and have such other terms and provisions not inconsistent with the Indenture as the Board of Directors may detem1ine in accordance with a resolution filed with the Corporate Trustee and a written order referring to this Forty-third Supplemental Indenture; the principal of 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 and, at the option of the Company, interest on each said Bond may also be payable at the office of the Company in Boise, Idaho, 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 MTN Series G which bear interest at a fixed rate shall be payable semiannually on March 1 and September I of each year or on such other dates as set forth in a resolution filed with the Corporate Trustee referring to this Forty-third Supplemental Indenture and at maturity (each an interest payment date). Interest on Bonds of MTN Series G which bear interest at a variable rate shall be payable on the dates (each an interest payment date) set forth in a resolution filed with the Corporate Trustee referring to this Forty-third Supplemental Indenture. Notwithstanding the foregoing, so long as there is no existing default in the payment of interest on the Bonds ofMTN Series G, all Bonds ofMTN Series G authenticated by the Corporate Trustee after the Record Date hereinafter specified for any interest payment date, and prior to such interest payment date (unless the date of first authentication of Bonds of such designated interest rate and maturity is after such Record Date), shall be dated the date of authentication, but shall bear interest from such interest payment date, and the person in whose name any Bond of MTN Series G is registered at the close of business on any Record Date with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date, notwithstanding the cancellation of such Bond of MTN Series G, upon any transfer or exchange thereof subsequent to the Record Date and on or prior to such interest payment date. If the date of first authentication of the Bonds of MTN Series G of a designated interest rate and maturity is after such Record Date and prior to the corresponding interest payment date, such Bonds shall bear interest from the Original Interest Accrual Date but payment of interest shall commence on the second interest payment date succeeding the Original Interest Accrual Date. "Record Date" for Bonds ofMTN Series G which bear interest at a fixed rate shall mean February 15 for interest payable March 1 and August 15 for interest payable September 1, for Bonds of MTN Series G which bear interest at a fixed rate that is payable on others dates, shall mean the last day of the calendar month preceding such interest payment date if such interest payment date is the fifteenth day of a calendar month and shall mean the fifteenth day of the calendar month preceding such interest payment date if such interest payment date is the first day of a calendar month, as determined by the Board of Directors and set forth in a resolution filed with the Corporate Trustee referring to this Forty-third Supplemental Indenture, and for Bonds ofMTN Series G which bear interest at a variable rate, the date 15 calendar days prior to any interest payment date, provided that, interest payable on the maturity date will be payable to the person to whom the principal thereof shall be payable. "Original Interest Accrual Date" with respect to Bonds of MTN Series G of a designated interest rate and maturity shall 7 NYB665957.5 000448 mean the date of first authentication of Bonds of such designated interest rate and maturity unless a written order filed with the Corporate Trustee on or before such date shall specify another date from which interest shall accrue, in which case "Original Interest Accrual Date" shall mean such other date specified in the written order for Bonds of such designated interest rate and maturity. The Bonds ofMTN Series G, in definitive fonn, shall be, at the option ofthe Company, fully engraved or shall be lithographed or printed on steel engraved borders or shall be partially lithographed or printed and partially engraved on steel borders or shall be printed on safety paper or shall be typewritten. The holders of the Bonds ofMTN Series G consent that the Company may, but shall not be obligated to, fix a record date for the purpose of detennining the holders of Bonds of MTN Series G entitled to consent to any amendment, supplement or waiver. If a record date is fixed, those persons who are holders at such record date (or their duly designated proxies), and only those persons, shall be entitled to consent to such amendment, supplement or waiver or to revoke any consent previously given, whether or not such persons continue to be holders after such record date. No such consent shall be valid or effective for more than 90 days after such record date. The Bonds of MTN Series G may be redeemable at the option of the Company (including without limitation redemptions by the application of cash deposited with the Corporate Trustee pursuant to Section 39 of the Indenture) in whole at any time, or in part from time to time, prior to maturity, as provided in Section 52 of the Indenture, upon giving notice of such redemption by first class mail, postage prepaid, by or on behalf of the Company at least thirty (30) days prior to the date fixed for redemption as the Board of Directors may detennine in accordance with a resolution filed with the Corporate Trustee and a written order referring to this Forty-third Supplemental Indenture. SECTION 2. At the option of the registered holder, any Bonds ofMTN Series G, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, together with a written instrument of transfer (if so required by the Company or by the Trustees) in fonn approved by the Company duly executed by the registered holder or by his duly authorized attorney, shall be exchangeable for a like aggregate principal amount and maturity of Bonds of MTN Series G of other authorized denominations. Bonds of MTN Series G may bear such legends as may be necessary to comply with any law or with any rules or regulations made pursuant thereto or with the rules or regulations of any stock exchange or to confonn to usage with respect thereto. Bonds ofMTN Series G shall be transferable at the office or agency of the Company in the Borough of Manhattan, The City of New York. Notwithstanding the foregoing provisions of this Section 2, the Company shall not be required to make any transfers or exchanges of Bonds of MTN Series G for a period of fifteen (15) days next preceding any mailing of notice of redemption, and the Company shall not be required to make transfers or exchanges of the principal amount of any Bonds of MTN Series G so called or selected for redemption. 8 NYB665957.5 300449 SECTION 3. The Bonds of MTN Series G shall be substantially of the tenor and purport recited in the Original Indenture, and the form thereof shall be as established by resolution of the Board of Directors or the Executive Committee of the Board of Directors of the Company, which resolution may provide that any provisions of such form of Bond may appear on the reverse of such form. SECTION 4. Until Bonds of MTN Series G in definitive form are ready for delivery, the Company may execute, and upon its request in writing, the Corporate Trustee shall authenticate and deliver, in lieu thereof, Bonds ofMTN Series G in temporary form, as provided in Section 15 of the Original Indenture. ARTICLE II Issue of Bonds of MTN Series G. SECTION 5. The Bonds ofMTN Series G for the aggregate principal amount of up to One Hundred Million Dollars ($100,000,000) may be executed by the Company and delivered to the Corporate Trustee and shall be authenticated by the Corporate Trustee and delivered to or upon the order or orders of the Company, evidenced by a writing or writings signed by the Company by its President or a Vice President and its Treasurer or an Assistant Treasurer, pursuant to and upon compliance with the provisions of Article V, Article VI or Article VII of the Indenture. ARTICLE III Covenants. The Company hereby covenants, warrants and agrees: SECTION 6. That all the terms, conditions, provisos, covenants and provisions contained in the Indenture shall affect and apply to the property hereinabove described and conveyed and to the estate, rights, obligations and duties of the Company and 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 the 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 the Individual Trustee and (to the extent of its legal capacity to hold the same for the purposes of the Indenture) the Corporate Trustee by the Original Indenture as a part of the property therein stated to be conveyed. SECTION 7. That it is lawfully seized and possessed of all of the mortgaged and pledged property described in the granting clauses of the Indenture, which has not heretofore been released from the lien thereof; that it had or has, at the respective times of execution and delivery of the Original Indenture, the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Twelfth, Thirteenth, Fourteenth, Fifteenth, Sixteenth, Seventeenth, Eighteenth, Nineteenth, Twentieth, Twenty-first (as corrected by the Twenty-second), Twenty- second, Twenty-third, Twenty-fourth, Twenty-fifth, Twenty-sixth, Twenty-seventh, Twenty- eighth, Twenty-ninth, Thirtieth, Thirty-first, Thirty-second, Thirty-third, Thirty-fourth, Thirty- 9 NYB665957.5 000450 fifth, Thirty-sixth, Thirty-seventh, Thirty-eighth, Thirty-ninth, Fortieth, Forty-first and Forty- second Supplemental Indentures, and this Forty-third Supplemental Indenture, good right and lawful authority to mortgage and pledge the mortgaged and pledged property described therein, as provided in and by the Indenture; and that such mortgaged and pledged property is, at the actual date of the initial issue of the Bonds of MTN Series G, free and clear of any mortgage, lien, charge or encumbrance thereon or affecting the title thereto (other than excepted encumbrances) prior to the lien of the Indenture, except as set forth in the granting clauses of the Indenture. SECTION 8. That it will deliver to the Corporate Trustee annually, within ninety (90) days after the close of each fiscal year, commencing with the fiscal year 2007, a certificate from the principal executive officer, principal financial officer or principal accounting officer as to his or her knowledge of the Company's compliance with all conditions and covenants under the Indenture. For purposes of this Section 8, such compliance shall be determined without regard to any period of grace or requirement of notice provided under the Indenture. ARTICLE IV The Trustees. The Trustees hereby accept the trust hereby declared and provided and agree to perform the same upon the terms and conditions in the Original Indenture, as heretofore supplemented and as supplemented by this Forty-third Supplemental Indenture, and in this Forty- . third Supplemental Indenture set forth, and upon the following terms and conditions: The Trustees shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Forty-third Supplemental Indenture or the due execution hereof by the Company or for or in respect of the recitals contained herein, all of which recitals are made by the Company only. ARTICLE V Miscellaneous Provisions. All terms contained in this Forty-third Supplemental Indenture shall, for all purposes hereof, have the meanings given to such terms in Article I of the Original Indenture, as amended by Article IV of the Second Supplemental Indenture. Except as hereby expressly amended and supplemented, the Original Indenture heretofore amended and supplemented is in all respects ratified and confirmed, and all the terms and provisions thereof shall be and remain in full force and effect. This Forty-third Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original; but such counterparts together constitute but one and the same instrument. 10 NYB665957.5 00045j. IN WITNESS WHEREOF, Idaho Power Company, party hereto ofthe first part, caused its corporate name to be hereunto affixed and this instrument to be signed and sealed by its President or a Vice President and its corporate seal to be attested by its Secretary or an Assistant Secretary for and on its behalf, and Deutsche Bank Trust Company Americas, one of the parties hereto of the second part, in token of its acceptance of the trust hereby created has caused its corporate name to be hereunto affixed and this instrument to be signed and sealed by a Vice President and its corporate seal to be attested by an Associate and Stanley Burg, one of the parties hereto of the second part, has for all like purposes hereunto set his hand and affixed his seal, each on the date hereinafter acknowledged, as of the day and year first above written. ,'(J . IDAHO POWER COMœANY . ". ~ ~~' t)'1 ....<:7 rT1 . (~C) ~ ' I .... ·-:....Tt .~.,;..- . . . - . ~ . ~ By~aa.~ Darrel T. Anderson Senior Vice President - Administrative Services and Chief Financial Officer , , Attest: Patrick A. Harrington Secretary E;¡ç:ecuted, sealed and delivered by IDAHO POWER COMPANY in the presence of: &J~/¢ ~ '7:c'~ 11 NYB665957.4 Attest: Ú)adJ¿ C~ Executed, sealed and delivered by DEUTSCHE BANK TRUST COMPANY AMERICAS, in the presence of: Executed, sealed and delivered by STANLEY BURG, in the presence of: P~fl- aÞn~ ~Þqf( NYB665957.5 DEUTSCHE BANK TRUST COMPANY AMERICAS 000452 BY~ CardNg Vice President !!;6!/¡ 12 STATE OF IDAHO ) ) ss.: ) 000453 COUNTY OF ADA On the 6th day of September, in the year 2007, before. me personally came DARREL T. ANDERSON, to me known, who being by me duly sworn did depose and say that he is the Senior Vice President - Administrative Services and Chief Financial Officer of Idaho Power Company, one of the corporations described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like order; the said DARREL T. ANDERSON, having personally appeared and known to me to be the Senior Vice President - Administrative Services and Chief Financial Officer of said corporation that executed the instrument, acknowledged to me that said corporation executed the same. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year in this certificate first above written. ",'1111"", "~I '" ....' \,-J.!.. Y GI?« '" ..," ~ ......... r '" .:. ..' ~ ... .. ~ : : ~O'f AI? ,_.. ~ : . \~ r ~ : : : ....... : :: :. ~:: ~ .. PUB\..\ .. : -:. e. ..: ~ \p;. .. . ....0 :- ...... "1.:......... ~·v ...... ....", ~'l:: OF \~ ",.... """"ltllll" Mary Notary U IC, State ofldaho Commission expires July 17,2010 13 NYB665957.4 STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) 000454 On the fl day of September, in the year 2007 before me personally came CAROL NO, to me known, who being by me duly swom did depose and say that she is a Vice President of Deutsche Bank Trust Company Americas, one of the corporations described in and which executed the above instrument; that she knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that she signed her name thereto by like order; the said CAROL NO, having personally appeared and known to me to be a Vice President of said corporation that executed the instrument, acknowledged to me that said corporation executed the same. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year in this certificate first above written. #r~?~. , , Angel E. Milanes, Jr. Notary Public, State of New York Registration No. 01M16137333 Qualified in New York County Commission expires November 21,2009 /.. 14 NYB665957.5 STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) 000455 On the 12 day of September, in the year 2007, before me, ANGEL E. MILANES, JR., a Notary Public in and for the State of New York in the County of New York, personally appeared and came STANLEY BURG, to me known and known to me to be the person described in and who executed the within and foregoing instrument and whose name is subscribed thereto and acknowledged to me that he executed the same. c: IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal the day and year in this certificate first above written. AnML1J4 fl. Notary Public, State of New York Registration No. 01M16137333 Qualified in New York County Commission expires November 21,2009 C' r· ~~- ,r; : /- ('f .. .' 15 NYB6Ó5957.5 STATE OF IDAHO ) ) ss.: ) '000456 COUNTY OF ADA DARREL T. ANDERSON, being first duly sworn, upon oath, deposes and says: that he is an officer, to wit, the Senior Vice President - Administrative Services and Chief Financial Officer of Idaho Power Company, a corporation, the mortgagor described in the foregoing indenture or mortgage, and makes this affidavit on behalf of said Idaho Power Company; that said indenture or mortgage is made in good faith without any design to hinder, delay or defraud creditors, to secure the indebtedness mentioned to be thereby secured. ~7~ Darrel T. Anderson Senior Vice President - Administrative Services and Chief Financial Officer Subscribed and sworn to before me this 6th day of September, 2007. ",., """"," "" ~~ y G~ "'" ...... ~ ........ -1 ¡.. '''.. "..... .. , ~ ... -'. ~ : : ~OTA~I_·. ;; _. r._ - . . . : . .....-. . - - . . . ". l' . . ': e. PUBL\v: : .. .n . ... -:. V';o,. .. .. "" ~ fill.... .,. '. .e ..\..'-J 4It " ..-</ l' .......,.,. .... "'" l1 0 F \ 'P ~""" """" ...,..., 16 NYB665957,4 STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) 000457 CAROL NG, being first duly sworn, upon oath, deposes and says: that she is an officer, to wit, a Vice President of Deutsche Bank Trust Company Americas, a corporation, one of the mortgagees and trustees named in the foregoing indenture or mortgage, and makes this affidavit on behalf of said Deutsche Bank Trust Company Americas; that said indenture or mortgage is made in good faith without any design to hinder, delay or defraud creditors, to secure the indebtedness mentioned or provided for therein. ca~ Vice President ..;~' Subscribed and sworn to before me t::J r t.h·ts 1.:1. day of September, 2007. r- · -I o ..L .... -~ :' (ì Y'ilr~1~ Angel E. Milanes, Jr. Notary Public, State of New York Registration No. 01M16137333 Qualified in New York County Commission expires November 21,2009 17 NYB665957.5 STATE OF NEW YORK ) ) ss.: COUNTY OF NEW YORK ) 000458 STANLEY BURG, being first duly sworn, upon oath, deposes and says: that he is one of the mortgagees and trustees named in the foregoing indenture or mortgage; that said indenture or mortgage is made in good faith without any design to hinder, delay or defraud creditors, to secure the indebtedness mentioned or provided for therein. 4J;;ß. ~ ~anley Burg ì( Subscribed and sworn to before me this J1 day of September, 2007. ~(~ (r. Angel E. Milanes, Jr. Notary Public, State of New York Registration No. 01M16137333 Qualified in New York County Commission expires November 21,2009 .'''~ ,,. ", ,.-.... (i c; (:J " - I , \ ' I ~ (ì .:: .' r ....x.ø... . ( ',- ( - '1..,: ,.' 18 NYB665957.5