PSI ENERGY, INC. 6.12% Debentures due 2035 UNDERWRITING AGREEMENTUnderwriting Agreement • October 25th, 2005 • Psi Energy Inc • Electric services • New York
If any one or more of the Underwriters shall fail or refuse to purchase Debentures which it or they have agreed to purchase hereunder, and the aggregate principal amount of Debentures which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase is not more than one-tenth of the aggregate principal amount of Debentures, the other Underwriters shall be obligated severally in the proportions which the principal amount of Debentures set forth opposite their names in Article II bears to the aggregate principal amount of Debentures so set forth opposite the names of all such non-defaulting Underwriters, or in such other proportions as you may specify, to purchase the Debentures which such defaulting Underwriter or Underwriters agreed but failed or refused to purchase; provided that in no event shall the principal amount of Debentures which any Underwriter has agreed to purchase pursuant to Article II hereof be increased pursuant to this Article IX by an amount i
