Exhibit (10)(b)
EXECUTION COPY
AMENDMENT NO. 2
     This AMENDMENT NO. 2, dated as of January 23, 2009 (this “Amendment”), is
by and among CMS Energy Corporation, a Michigan corporation (the “Borrower”),
the financial institutions parties to the “Credit Agreement” (defined below) as
lenders (the “Lenders”), and Citicorp USA, Inc. (“CUSA”), as administrative
agent (in such capacity, the “Administrative Agent”).
     WHEREAS, the Borrower, the Lenders, the Administrative Agent and CUSA, as
collateral agent, have entered into a Seventh Amended and Restated Credit
Agreement, dated as of April 2, 2007 (as amended, restated, supplemented or
otherwise modified from time to time, the “Credit Agreement”; capitalized terms
not defined herein are used as defined in the Credit Agreement);
     WHEREAS, the Borrower, the requisite number of Lenders under Section 11.01
of the Credit Agreement and the Administrative Agent have agreed, subject to the
terms and conditions hereof, to amend the Credit Agreement as hereinafter set
forth.
     NOW, THEREFORE, in consideration of the premises set forth above, and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Borrower, the requisite number of Lenders under
Section 11.01 of the Credit Agreement and the Administrative Agent agree as
follows:
     1. Amendment to Credit Agreement. Subject to the conditions set forth in
Paragraph 2 hereof, Section 9.01(e) of the Credit Agreement is hereby amended by
inserting immediately after the phrase “but excluding Debt incurred under this
Agreement” the following phrase: “and excluding Consumers’ accounts receivable
securitization programs”.
     2. Conditions to Effectiveness. The amendments contemplated by this
Amendment shall become effective upon the satisfaction of the following
conditions:
     (a) The Administrative Agent shall have received duly executed counterparts
hereof from each of the requisite number of Lenders under Section 11.01 of the
Credit Agreement, the Administrative Agent and the Borrower.
     (b) As of the date hereof, all representations and warranties contained in
this Amendment shall be true and correct in all material respects.
     (c) As of the date hereof no event shall have occurred and be continuing
which constitutes an Event of Default or a Default.
     3. Reference to and Effect on the Loan Documents. On and after the
effective date of this Amendment, each reference in the Credit Agreement to
“this Agreement”, “hereunder”, “hereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement, as
modified by this Amendment, and each reference in the other Loan Documents to
“the Credit Agreement”, “thereunder”, “thereof” or words of like import
referring to the Credit Agreement shall mean and be a reference to the Credit
Agreement,

 

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as modified by this Amendment. Except as specifically set forth above, the
Credit Agreement and all other Loan Documents are and shall continue to be in
full force and effect and are hereby in all respects ratified and confirmed.
     4. Miscellaneous.
     (a) Representations and Warranties. The Borrower represents and warrants
that:
     (i) The representations and warranties contained in Section 7.01 of the
Credit Agreement (other than those contained in subsection (f) thereof) are
correct in all material respects on and as of the date hereof (unless such
representation and warranty is made as of a specific date, in which case such
representation and warranty shall be true and correct as of such date), and no
event has occurred and is continuing that constitutes a Default or an Event of
Default;
     (ii) The Borrower is duly organized and validly existing and in good
standing under the laws of the jurisdiction of its organization and has the
requisite power and authority to execute, deliver and carry out the terms and
provisions of this Amendment and has taken or caused to be taken all necessary
corporate or limited liability company action to authorize the execution,
delivery and performance of this Amendment;
     (iii) No consent of any other person, including, without limitation,
shareholders or creditors of the Borrower, and no action of, or filing with, any
governmental or public body or authority, is required to authorize, or is
otherwise required in connection with the execution, delivery and performance
of, this Amendment;
     (iv) This Amendment has been duly executed and delivered by a duly
authorized officer on behalf of the Borrower, and constitutes the legal, valid
and binding obligations of the Borrower, enforceable in accordance with its
terms, except as enforcement thereof may be subject to the effect of any
applicable (A) bankruptcy, insolvency, reorganization, moratorium or similar law
affecting creditors’ rights generally and (B) general principles of equity
(regardless of whether enforcement is sought in a proceeding in equity or at
law); and
     (v) The execution, delivery and performance of this Amendment will not
violate any law, statute or regulation applicable to the Borrower or any order
or decree of any court or governmental instrumentality applicable to it, or
conflict with, or result in the breach of, or constitute a default under, any of
its contractual obligations.
     (b) No Waiver. Nothing herein contained shall constitute a waiver or be
deemed to be a waiver, of any existing Defaults or Events of Default, and the
Lenders and the Administrative Agent reserve all rights and remedies granted to
them by the Credit Agreement, by the other Loan Documents, by law and otherwise.

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     (c) Costs and Expenses. The Borrower agrees to pay all reasonable costs and
out-of-pocket expenses (including, without limitation, reasonable attorneys’
fees) incurred by the Administrative Agent in connection with the preparation,
execution and enforcement of this Amendment.
     (d) Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.
     (e) Counterparts. This Amendment may be executed in any number of separate
counterparts, each of which shall collectively and separately constitute one
agreement. Delivery of an executed counterpart of a signature page to this
Amendment by facsimile shall be effective as delivery of a manually executed
counterpart of this Amendment.
     (f) GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF
THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK, BUT OTHERWISE WITHOUT
REGARD TO CONFLICTS OF LAW PRINCIPLES).
[signature pages follow]

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     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

            CMS ENERGY CORPORATION, as Borrower
      By:   /s/ Laura L. Mountcastle         Name:   Laura L. Mountcastle       
Title:   Vice President & Treasurer        CITICORP USA, INC., as Administrative
Agent
      By:   /s/ Amit Vasani        Name:   Amit Vasani        Title:   VP       
CITIBANK, N.A., as a Lender
      By:   /s/ Amit Vasani        Name:   Amit Vasani        Title:   VP     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            UNION BANK OF CALIFORNIA, N.A., as a Lender
      By:   /s/ Jeff Fesenmaier         Name:   Jeff Fesenmaier         Title:  
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            BARCLAYS BANK PLC, as a Lender
      By:   /s/ Alicia Borys         Name:   Alicia Borys        Title:  
Assistant Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            JPMORGAN CHASE BANK, N.A., as a Lender
      By:   /s/ Juan Javellana         Name:   Juan Javellana        Title:  
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            WACHOVIA BANK, NATIONAL ASSOCIATION,
as a Lender 
      By:   /s/ Frederick W. Price         Name:   Frederick W. Price       
Title:   Managing Director     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            MERRILL LYNCH BANK USA, as a Lender
      By:   /s/ Louis Alder         Name:   Louis Alder        Title:   First
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            BNP PARIBAS, as a Lender
      By:   /s/ Francis J. Delaney        Name:   FRANCIS J. DELANEY       
Title:   Managing Director              By:   /s/ Ravina Advani         Name:  
Ravina Advani        Title:   Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            SUNTRUST BANK, as a Lender
      By:   /s/ Andrew Johnson         Name:   Andrew Johnson        Title:  
Director     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            UBS LOAN FINANCE LLC, as a Lender
      By:   /s/ Richard L. Tavrow         Name:   Richard L. Tavrow        
Title:   Director              By:   /s/ Irja R. Otsa         Name:   Irja R.
Otsa         Title:   Associate Director     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            DEUTSCHE BANK TRUST COMPANY AMERICAS,
as a Lender 
      By:   /s/ Marcus M. Tarkington         Name:   Marcus M. Tarkington       
Title:   Director              By:   /s/ Anca Trifan         Name:   Anca Trifan
        Title:   Director     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            KEYBANK NATIONAL ASSOCIATION, as a Lender
      By:   /s/ Sherrie I. Manson         Name:   Sherrie I. Manson       
Title:   Senior Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            LASALLE BANK MIDWEST, N.A., as a Lender
      By:   /s/ Neil Hilton        Name:   NEIL HILTON        Title:   SENIOR
VICE PRESIDENT     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
as a Lender 
      By:   /s/ Mikhail Faybusovich         Name:   Mikhail Faybusovich       
Title:   Vice President              By:   /s/ Karim Blasetti         Name:  
Karim Blasetti        Title:   Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            FIFTH THIRD BANK, as a Lender
      By:   /s/ Brian Jelinski         Name:   Brian Jelinski        Title:  
Assistant Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
      By:   /s/ Scott Bjelde         Name:   Scott Bjelde        Title:   Senior
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            BAYERISCHE LANDESBANK, as a Lender
      By:   /s/ Gina Hoey               Gina Hoey               Vice President 
            By:   /s/ John Gregory               John Gregory              First
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            HUNTINGTON NATIONAL BANK, as a Lender
      By:   /s/ Patrick Barbour        Name:   Patrick Barbour        Title:  
Vice President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            GOLDMAN SACHS CREDIT PARTNERS, L.P.,
as a Lender 
      By:   /s/ Andrew Caditz         Name:   Andrew Caditz        Title:   Vice
President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            SUMITOMO MITSUI BANKING CORP.,
as a Lender 
      By:   /s/ William M. Ginn         Name:   William M. Ginn        Title:  
General Manager     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)

 

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            THE ROYAL BANK OF SCOTLAND PLC,
as a Lender
      By:   /s/ Andrew Taylor         Name:   Andrew Taylor        Title:   Vice
President     

Signature Page to Amendment No. 2 to
Seventh Amended and Restated Credit Agreement
(CMS Energy Corporation)