Exhibit 10.5
 
Amendment
Dated as of February 23, 2011
to
Receivables Sale Agreement
Dated as of July 1, 2005

 
This Amendment (the “Amendment”), dated as of February 23, 2011, is entered into
among Kansas City Power & Light Receivables Company (the “Seller”), Kansas City
Power & Light Company (the “Initial Collection Agent”), Victory Receivables
Corporation (the “Purchaser”), and The Bank of Tokyo-Mitsubishi UFJ, Ltd., New
York Branch (formerly known as The Bank of Tokyo-Mitsubishi, Ltd., New York
Branch), as agent for the Purchaser (the “Agent”).
 
Reference is hereby made to that certain Receivables Sale Agreement, dated as of
July 1, 2005 (as amended, supplemented, assigned or otherwise modified through
the date hereof, the “Sale Agreement”), among the Seller, the Initial Collection
Agent, the Purchaser and the Agent.  Terms used herein and not otherwise defined
herein which are defined in the Sale Agreement or the other Transaction
Documents (as defined in the Sale Agreement) shall have the same meaning herein
as defined therein.
 
For good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto hereby agree as follows:
 
Section 1. Upon execution by the parties hereto in the space provided for that
purpose below, the Sale Agreement shall be, and it hereby is, amended as
follows:
 
Clause (d) of the defined term “Termination Date” appearing in Schedule I of the
Sale Agreement is hereby amended in its entirety and as so amended shall read as
follows:
 
(d)October 31, 2011.
 
Section 2. The Sale Agreement, as amended and supplemented hereby or as
contemplated herein, and all rights and powers created thereby and thereunder or
under the other Transaction Documents and all other documents executed in
connection therewith, are in all respects ratified and confirmed.  From and
after the date hereof, the Sale Agreement shall be amended and supplemented as
herein provided, and, except as so amended and supplemented, the Sale Agreement,
each of the other Transaction Documents and all other documents executed in
connection therewith shall remain in full force and effect.  The execution,
delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the Agent
or the Purchaser under, nor constitute a waiver of any provision of, the Sale
Agreement.
 
Section 3. This Amendment shall be effective as of the date first above written
upon satisfaction of the following conditions precedent:

 
 

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  (a)
The Agent shall have received counterparts of this Amendment duly executed by
the parties hereto.
 
 
  (b)
No Events of Default shall have occurred and be continuing either before or
immediately after giving effect to this Amendment.
 
 
  (c)
The representations and warranties contained in the Sale Agreement shall be true
and correct both as of the date hereof and immediately after giving effect to
this Amendment.

 
Section 4. This Amendment may be executed in two or more counterparts, each of
which shall constitute an original but both or all of which, when taken
together, shall constitute but one instrument.  Delivery of an executed
counterpart hereof by facsimile or other electronic means shall be deemed to be
an original.
 
Section 5. This Amendment shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns.
 
Section 6. This Amendment shall be governed by and construed in accordance with
the internal laws of the State of New York (including Section 5-1401-1 of the
General Obligations Law), but without regard to any other conflict of laws
provisions thereof.
 

 
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In Witness Whereof, the parties have caused this Amendment to be executed and
delivered by their duly authorized officers as of the date first above written.

 
The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as the Agent
 
 
 
 
By: /s/ Van Dusenbury
 
Title: Managing Director
 
 
 
Victory Receivables Corporation
 
 
 
 
By: /s/ Frank B. Bilotta
 
Title: President
 
 
 
Kansas City Power & Light Receivables Company
 
 
 
 
By: /s/ James P. Gilligan
 
Title: President
 
 
 
Kansas City Power & light Company
 
 
 
 
By: /s/ Michael W. Cline
 
Title: Vice President – Investor Relations and
Treasurer