AMENDMENT NO. 1 TO CONSENT NO. 5, FORBEARANCE AND CONDITIONAL WAIVER AGREEMENT
Exhibit 10.5
Execution Version
AMENDMENT NO. 1 TO CONSENT NO. 5, FORBEARANCE AND CONDITIONAL WAIVER AGREEMENT
This AMENDMENT NO. 1 TO CONSENT NO. 5, FORBEARANCE AND CONDITIONAL WAIVER AGREEMENT, dated as of February 2, 2022 (this “Amendment”), is entered into by and among BKRF HCB, LLC (the “Borrower”), BKRF HCP, LLC (“Holdings”), Orion Energy Partners TP Agent, LLC in its capacity as the administrative agent and the collateral agent (in such capacity, the “Administrative Agent”), and the Lenders party hereto, constituting 100% of the Lenders party to the Credit Agreement (as defined below) (the “Signatory Lenders”). As used in this Amendment, capitalized terms which are not defined herein shall have the meanings ascribed to such terms in the Credit Agreement (as defined below) unless otherwise specified.
WITNESSETH
WHEREAS, the Borrower, Holdings, the Administrative Agent and each Lender from time to time party thereto have entered into that certain Credit Agreement, dated as of May 4, 2020 (as amended, amended and restated, modified and supplemented on or prior to the date hereof, the “Credit Agreement”);
WHEREAS, the Borrower, Holdings, the Administrative Agent and the Signatory Lenders entered into that certain Consent No. 5, Forbearance and Conditional Waiver Agreement, dated as of December 20, 2021 (as amended, amended and restated, modified and supplemented on or prior to the date hereof, the “Consent No. 5, Forbearance and Conditional Waiver Agreement” and as expressly amended by this Amendment, the “Amended Consent No. 5, Forbearance and Conditional Waiver Agreement”);
WHEREAS, pursuant to this Amendment, the Borrower and Holdings have requested, and the parties hereto have agreed, subject to the condition of this Amendment, to amend the Consent No. 5, Forbearance and Conditional Waiver Agreement on the Effective Date, as specified in Section 1 below.
NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Amendment. Subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, as of the Effective Date, the Borrower, Holdings, the Administrative Agent and the Signatory Lenders hereby agree that the Consent No. 5, Forbearance and Conditional Waiver Agreement is amended as follows:
(a) The references to “January 31, 2022” are hereby changed to “February 23, 2022” in Sections 2(b)(i) and 3(a) of the Consent No. 5, Forbearance and Conditional Waiver Agreement.
2. Effectiveness; Conditions Precedent. This Amendment shall become effective on the first date on which this Amendment shall have been executed by the Borrower, Holdings, the Administrative Agent and the Signatory Lenders and the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto (such date, the “Effective Date”).
| 1 |
3. Miscellaneous.
(a) Effect of Amendments. From and after the Effective Date, the Consent No. 5, Forbearance and Conditional Waiver Agreement shall be construed after giving effect to the amendment set forth in Section 1 hereto and all references to the Consent No. 5, Forbearance and Conditional Waiver Agreement in the Financing Documents shall be deemed to refer to the Amended Consent No. 5, Forbearance and Conditional Waiver Agreement.
(b) No Other Modification. Except as expressly modified by this Amendment, the Consent No. 5, Forbearance and Conditional Waiver Agreement and the other Financing Documents are and shall remain unchanged and in full force and effect, and nothing contained in this Amendment shall, by implication or otherwise, limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Signatory Lenders, the Administrative Agent, or any of the other parties, or shall alter, modify, amend or in any way affect any of the other terms, conditions, obligations, covenants or agreements contained in the Consent No. 5, Forbearance and Conditional Waiver Agreement which are not by the terms of this Amendment being amended, or alter, modify or amend or in any way affect any of the other Financing Documents.
(c) Successor and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties to this Amendment and their respective successors and permitted assigns.
(d) Incorporation by Reference. Sections 10.07 (Severability), 10.11 (Headings), 10.09 (Governing Law; Jurisdiction; Etc.) and 10.17 (Electronic Execution of Assignments and Certain Other Documents) of the Credit Agreement are hereby incorporated by reference herein, mutatis mutandis.
(e) Financing Document. This Amendment shall be deemed to be a Financing Document.
(f) Counterparts; Integration. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment, the Consent No. 5, Forbearance and Conditional Waiver Agreement, the Credit Agreement and the other Financing Documents to which a Loan Party is party constitute the entire contract between and among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an executed counterpart of a signature page to this Amendment by telecopy or scanned electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment.
[Signature Pages Follow]
AMENDMENT NO. 1 TO CONSENT NO. 5, FORBEARANCE AND CONDITIONAL WAIVER AGREEMENT
| 2 |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their duly authorized signatories as of the day and year first above written.
|
|
|
BKRF HCB, LLC, |
|
|
|
|
as the Borrower |
|
|
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
|
|
|
Title: |
President |
|
|
|
|
|
|
|
|
BKRF HCP, LLC, |
|
|
|
|
as Holdings |
|
|
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
|
|
|
Title: |
President |
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
ORION ENERGY PARTNERS TP AGENT, LLC, |
|
|
|
as Administrative Agent |
|
|
|
|
|
|
|
By: |
/s/▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
Title: |
Managing Partner |
|
|
|
|
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND II, L.P., |
||
|
|
as a Lender |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
||
|
|
|
|
|
|
|
By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
||
|
|
|
||
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
|
|
|
||
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND II PV, L.P., |
||
|
|
as a Lender |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
||
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND II GPFA, L.P., |
|||
|
|
as a Lender |
|||
|
|
|
|||
|
|
By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
|||
|
|
|
|||
|
|
By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
|||
|
|
|
|||
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
||
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
||
|
|
Title: |
Managing Partner |
||
|
|
|
|
||
|
|
ORION ENERGY CREDIT OPPORTUNITIES GCE CO-INVEST, L.P., |
|||
|
|
as a Lender |
|||
|
|
|
|||
|
|
By: Orion Energy Credit Opportunities Fund II GP, L.P., its general partner |
|||
|
|
||||
|
|
By: Orion Energy Credit Opportunities Fund II Holdings, LLC, its general partner |
|||
|
|
|
|
||
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
||
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
||
|
|
Title: |
Managing Partner |
||
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND III, L.P., |
||
|
|
as a Lender |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
||
|
|
|||
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
|
|
|||
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND III PV, L.P., |
||
|
|
as a Lender |
|
|
|
|
|
|
|
|
|
By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
||
|
|
|
|
|
|
|
By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
||
|
|
|||
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA, L.P., |
||
|
|
as a Lender |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
||
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
|
|
|
|
|
|
|
ORION ENERGY CREDIT OPPORTUNITIES FUND III GPFA PV, L.P., |
||
|
|
as a Lender |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III GP, L.P., its general partner |
||
|
|
|
||
|
|
By: Orion Energy Credit Opportunities Fund III Holdings, LLC, its general partner |
||
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ |
|
|
|
Title: |
Managing Partner |
|
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR L.P., |
|
|
|
as a Lender |
|
|
|
VOYA RENEWABLE ENERGY INFRASTRUCTURE ORIGINATOR i llc, |
|
|
|
as a Lender |
|
|
|
|
|
|
|
By: Voya Alternative Asset Management LLC, as Agent |
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇▇▇ ▇▇▇▇▇ |
|
|
Name: |
▇▇▇▇▇▇ ▇▇▇▇▇ |
|
|
Title: |
Senior Vice President |
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]
|
|
LIF AIV 1, L.P., |
|
|
|
as a Lender |
|
|
|
|
|
|
|
By: GCM Investments GP, LLC, its General Partner |
|
|
|
|
|
|
|
By: |
/s/ ▇▇▇▇ ▇▇▇▇▇▇▇ |
|
|
Name: |
▇▇▇▇ ▇▇▇▇▇▇▇ |
|
|
Title: |
|
[Signature Page to Amendment No. 1 to Consent No. 5, Forbearance and Conditional Waiver Agreement]