AMENDMENT NO. 1 TO AMENDED AND RESTATED CONSTRUCTION AND TERM LOAN AGREEMENT
Exhibit 10.5
AMENDMENT NO. 1 TO AMENDED AND
RESTATED
CONSTRUCTION AND TERM
LOAN AGREEMENT
This AMENDMENT NO. 1 TO AMENDED AND RESTATED CONSTRUCTION AND TERM LOAN AGREEMENT, dated as of November 4, 1994, is made by and among (i) ▇▇▇▇▇▇▇▇▇▇▇▇-LG&E PARTNERS, a Virginia general partnership, as Borrower, (ii) CREDIT SUISSE, NATIONAL WESTMINSTER BANK plc, THE BANK OF NOVA SCOTIA, THE SUMITOMO BANK, LIMITED, New York Branch, THE SUMITOMO TRUST AND BANKING CO., LTD., New York Branch, THE INDUSTRIAL BANK OF JAPAN, LTD., New York Branch, UNION BANK, UNION BANK OF SWITZERLAND, THE FUJI BANK LIMITED, Los Angeles Agency, CREDIT LYONNAIS, New York Branch, CREDIT SUISSE, Cayman Island Branch, THE TORONTO-DOMINION BANK and each Purchasing Lender, as Lenders, (iii) THE PRUDENTIAL INSURANCE COMPANY OF AMERICA and each Purchasing Institutional Lender, as institutional Lenders, (iv) CREDIT SUISSE, New York Branch, as the Issuing Bank, (v) CREDIT SUISSE, NATIONAL WESTMINSTER BANK plc, THE BANK OF NOVA SCOTIA and THE SUMITOMO BANK, LIMITED, New York Branch, as Co-Agents, and (vi) CREDIT SUISSE, as Agent for the Lenders, the Institutional Lenders and the issuing Bank.
W I T N E S S E T H:
WHEREAS, the Amended and Restated Construction and Term Loan Agreement, dated as of December 1, 1993 (the “Credit Agreement”), among Borrower, the Lenders, the Institutional Lenders, the Issuing Bank, the Co-Agents and Agent sets forth, among other things, the terms and conditions upon which the Lenders and the institutional Lenders are willing to make available to Borrower certain Loans and Institutional Loans (unless otherwise defined herein, terms used herein and defined in the Credit Agreement shall have the meanings indicated in the Credit Agreement, and, unless otherwise specified herein, references to any “Article” or “Section” shall refer to the appropriate article or section of the Credit Agreement); and
WHEREAS, Borrower, the Lenders, the Institutional Lenders, the Issuing Bank, the Co-Agents and Agent desire to amend the Credit Agreement as provided herein;
NOW, THEREFORE, IT IS AGREED:
Section 1. Amendment. Subject to the limitations contained in Section 2 hereof, the Credit Agreement shall be amended as follows:
The first sentence of Section 7.l(j) is hereby amended (i) by inserting a comma in place of “or” in the third line thereof; and (ii) by adding “or WEI” immediately after “KCCC” in the third line thereof.
Section 2. Limitations. Except as expressly provided herein, all of the representations, warranties, terms, covenants and conditions of the Credit Agreement shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms. This Amendment No. 1 shall be limited precisely as provided for herein, and shall not be deemed to be a waiver of, amendment of, consent to or modification of any other term of provision of the Credit Agreement.
1Section 3. Miscellaneous.
(a) On and after the effective date of this Amendment No. 1, each reference in the Credit Agreement to “this Agreement’, “hereunder”, “hereof” or words of like import, and each reference to the credit Agreement by the words thereunder”, “thereof or words of like import in any Project Document, Loan Instrument or other document executed in connection with the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended or otherwise modified by this Amendment No. 1.
(b) This Amendment No. 1 may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
(c) This Amendment No. 1 shall be governed by and construed and interpreted in accordance with the laws of the State of New York without regard to the principles of conflict of laws.
(d) All agreements, covenants, conditions and provisions of this Amendment No. 1 shall be binding upon and inure to the benefit of the successors and assigns of each of the parties hereto.
IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver this Amendment No. 1 as of the date first above written.
| BORROWER: |
| ▇▇▇▇▇▇▇▇▇▇▇▇-LG&E PARTNERS |
| By: |
▇▇▇▇▇▇▇▇▇▇▇▇-ROANOKE VALLEY, L.P., as general partner |
| By: |
WEI-ROANOKE VALLEY, INC., AS GENERAL PARTNER |
| By: |
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Title: President |
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| By: |
LG&E ROANOKE VALLEY, L.P., A CALIFORNIA LIMITED PARTNERSHIP, as general partner |
| By: |
LG&E POWER 16 INCORPORATED, as general partner |
| By: |
/s/ S. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Name: S. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Title: Vice President and Treasurer |
| AGENT, CO-AGENTS AND LENDERS: |
| CREDIT SUISSE, as Agent, Co-Agent and Lender |
| By: |
/s/ p.p. ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Member of Senior Management |
| By: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Member of Senior Management |
| NATIONAL WESTMINSTER BANK PLC, as Co-Agent and Lender |
| By: |
/s/ p.p. T. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: T. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Vice President |
| THE BANK OF NOVA SCOTIA, as Co-Agent and Lender |
| By: |
_____________________________ Name: Title: |
| THE SUMITOMO BANK, LIMITED, New York Branch as Co-Agent and Lender |
| By: |
_____________________________ Name: Title: |
|
THE
SUMITOMO TRUST AND BANKING CO., LTD New York Branch, as Lender |
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| By: |
_____________________________ Name: Title: |
| THE INDUSTRIAL BANK OF JAPAN, LTD., New York Branch, as Lender |
| By: |
/s/ [illegible] Name: Title: |
| UNION BANK, as Lender |
| By: |
/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Title: AVP |
| UNION BANK OF SWITZERLAND, as Lender |
| By: |
_____________________________ Name: Title: |
| THE FUJI BANK LIMITED, Los Angeles Agency, as Lender |
| By: |
_____________________________ Name: Title: |
| CREDIT LYONNAIS, New York Branch, as Lender |
| By: |
_____________________________ Name: Title: |
| CREDIT LYONNAIS, Cayman Island Branch, as Lender |
| By: |
_____________________________ Name: Title: |
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| THE TORONTO DOMINION BANK, as Lender |
| By: |
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Director |
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| INSTITUTIONAL LENDER: |
| THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, |
| as Institutional Lender and Institutional Agent |
| By: |
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ Title: Vice President |
| ISSUING BANK: |
|
CREDIT
SUISSE, New York Branch, as Issuing Bank |
| By: |
/s/ p.p. ▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: Associate |
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