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EXHIBIT 10.9

SIXTH AMENDING AGREEMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT

dated as of December 14, 2018

ALTALINK INVESTMENT MANAGEMENT LTD.,
in its capacity as general partner of
ALTALINK INVESTMENTS, L.P.,
as Borrower,
- and -
ALTALINK INVESTMENT MANAGEMENT LTD.,
as General Partner,
- and -
ROYAL BANK OF CANADA,
as Administrative Agent of the Lenders, and as Lender,
- and -
THE LENDERS PARTY HERETO,
as Lenders

 

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SIXTH AMENDING AGREEMENT TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as
of December 14, 2018, among AltaLink Investment Management Ltd., in its capacity
as general partner of AltaLink Investments, L.P., as Borrower, AltaLink
Investment Management Ltd., as General Partner, Royal Bank of Canada, as Agent
of the Lenders (the “Agent”), and the Lenders party hereto.
RECITALS
WHEREAS AltaLink Investment Management Ltd., in its capacity as general partner
of AltaLink Investments, L.P., as Borrower, Royal Bank of Canada, as Agent of
the Lenders, and the Lenders are parties to an Amended and Restated Credit
Agreement made as of July 30, 2015, as amended by a first amending agreement
dated as of November 20, 2015, a second amending agreement dated as of December
14, 2015, a third amending agreement dated as of July 8, 2016, a fourth amending
agreement dated as of December 15, 2016 and a fifth amending agreement dated as
of December 15, 2017 (collectively, the “Original Credit Agreement”);
AND WHEREAS the Borrower, the General Partner, the Lenders and the Agent have
agreed to amend certain provisions of the Original Credit Agreement in the
manner and on the terms and conditions provided for herein.
NOW THEREFORE for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
ARTICLE 1
DEFINITIONS
1.1
Definitions

All capitalized terms not otherwise defined herein shall have the meanings
ascribed thereto in the Original Credit Agreement.
ARTICLE 2
AMENDMENTS
2.1
Amendment to Section 1.1.

The definition of “Maturity Date” in Section 1.1 of the Original Credit
Agreement is hereby amended by replacing the date “December 14, 2022” with the
date “December 14, 2023” in such definition.
2.2
Amendment to Section 2.9.

Section 2.9 of the Original Credit Agreement is hereby amended by adding a new
subsection 2.9(g) immediately following subsection 2.9(f) as follows:
(g)
Notwithstanding the foregoing, if the LIBOR Rate is not available for any reason
and such circumstances are unlikely to be temporary, then the “LIBOR Rate” for
such LIBOR Interest Period shall be (x) a comparable successor or alternative
interbank rate for deposits in U.S. Dollars that is, at such time, broadly
accepted by the syndicated loan market in lieu of the “LIBOR Rate” and is
reasonably acceptable to the Borrower and the Agent or (y) if no such

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broadly accepted comparable successor or alternative interbank rate exists at
such time, a successor or alternative index rate as the Agent and the Borrower
may determine.
2.3
Amendment to Section 4.5.

Section 4.5 of the Original Credit Agreement is hereby amended by adding the
following paragraph after the first paragraph therein:
The Borrower and the General Partner acknowledge and confirm that this Section
4.5 satisfies the requirements of Section 4 of the Interest Act (Canada) to the
extent it applies to the expression or statement of any interest payable under
this Agreement and that each of the Borrower and the General Partner is able to
calculate the yearly rate or percentage of interest payable under this Agreement
based upon the methodology set out in this Section 4.5. The Borrower and the
General Partner each agree not to plead or assert, whether by way of defence or
otherwise, in any proceeding relating to this Agreement, that the interest
payable hereunder and the calculation of interest herein have not been
adequately disclosed to them, whether pursuant to Section 4 of the Interest Act
(Canada) or any other Applicable Law or legal principle.
ARTICLE 3
CONDITIONS PRECEDENT
3.1
Conditions Precedent

This Sixth Amending Agreement shall become effective when:
(a)
the Agent shall have received an executed copy of this Sixth Amending Agreement
from each of the Agent, the Lenders, the Borrower and the General Partner;

(b)
the Agent has received an extension fee from the Borrower, which fee shall be in
the amount of 4 bps calculated on the Commitment of each Lender party to this
Sixth Amending Agreement, and payable to each such Lender; and

(c)
no Event of Default shall have occurred and be continuing.

The conditions set forth above are inserted for the sole benefit of the Lenders
and may be waived by the Lenders in whole or in part, with or without terms or
conditions.
ARTICLE 4
REPRESENTATIONS AND WARRANTIES
4.1
Representations and Warranties True and Correct; No Default or Event of Default

The Borrower and General Partner each hereby represents and warrants to the
Agent and the Lenders that after giving effect to this Sixth Amending Agreement,
(i) each of the representations and warranties of the Borrower and the General
Partner, as the case may be, contained in the Original Credit Agreement and each
of the other Loan Documents is true and correct on, and as of, the date hereof
as if made on such date (except to the extent that such representation or
warranty expressly relates to an earlier date and except for changes therein
expressly permitted or expressly

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contemplated by the Original Credit Agreement), and (ii) no event has occurred
and is continuing which constitutes or would constitute a Default or an Event of
Default.
ARTICLE 5
MISCELLANEOUS
5.1
No Other Amendments, Waivers or Consents

Except as expressly set forth herein, the Original Credit Agreement and all Loan
Documents shall be unmodified and shall continue to be in full force and effect
in accordance with their terms.
5.2
Time

Time is of the essence in the performance of the parties’ respective obligations
in this Sixth Amending Agreement.
5.3
Governing Law

This Sixth Amending Agreement is a contract made under, and shall be governed by
and construed in accordance with, the laws of the Province of Alberta and the
federal laws of Canada applicable therein.
5.4
Successors and Assigns

This Sixth Amending Agreement shall enure to the benefit of, and be binding
upon, the parties hereto and their respective successors and any assigns,
transferees and endorsees of the Agent or any Lender. Nothing in this Sixth
Amending Agreement, express or implied, shall give to any Person, other than the
parties hereto and their successors hereunder, any benefit or any legal or
equitable right, remedy or claim under the Original Credit Agreement, as amended
by this Sixth Amending Agreement.
5.5
Counterparts

This Sixth Amending Agreement may be executed by the parties hereto in
counterparts and may be delivered by facsimile or other electronic means
(including via electronic mail in portable document format) and all such
counterparts shall together constitute one and the same agreement.
[Remainder of page intentionally left blank – signature pages follow]

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The parties hereto have duly executed this Sixth Amending Agreement as of the
date set forth on the first page of this Agreement.
 
 
ALTALINK INVESTMENT MANAGEMENT LTD.,
in its capacity as General Partner of ALTALINK INVESTMENTS, L.P.

By:
/s/ Jeffrey A. Austin
 
Name: Jeffrey A. Austin
 
Title: Director
 
 
By:
/s/ Calvin D. Haack
 
Name: Calvin D. Haack
 
Title: Director

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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ALTALINK INVESTMENT MANAGEMENT LTD.

By:
/s/ Jeffrey A. Austin
 
Name: Jeffrey A. Austin
 
Title: Director
 
 
By:
/s/ Calvin D. Haack
 
Name: Calvin D. Haack
 
Title: Director

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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ROYAL BANK OF CANADA,
as Agent

By:
/s/ Yvonne Brazier
 
Name: Yvonne Brazier
 
Title: Manager, Agency Services
 
 
 
 
 
 
By:
 
 
 
 
Name:
 
 
 
Title:

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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ROYAL BANK OF CANADA,
as Lender

By:
/s/ Timothy P Murray
 
Name: Timothy P. Murray
 
Title: Authorized Signatory
 
 
 
 
 
 
By:
 
 
 
 
Name:
 
 
 
Title:

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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BANK OF MONTREAL,
as Lender

By:
/s/ Carol McDonald
 
Name: Carol McDonald
 
Title: Managing Director
 
 
 
 
 
 
By:
/s/ Lisa Dang
 
 
 
Name: Lisa Dang
 
 
 
Title: Associate

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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ATB FINANCIAL,
as Lender

By:
/s/ Trevor Guinard
 
Name: Trevor Guinard
 
Title: Director
 
 
 
 
 
 
By:
/s/ Evan Hahn
 
 
 
Name: Evan Hahn
 
 
 
Title: Portfolio Manager

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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THE BANK OF NOVA SCOTIA,
as Lender

By:
/s/ Jonathan Leach
 
Name: Jonathan Leach
 
Title: Associate Director
 
 
 
 
 
 
By:
/s/ Scarlett Crockatt
 
 
 
Name: Scarlett Crockatt
 
 
 
Title: Director

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement

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NATIONAL BANK OF CANADA,
as Lender

By:
/s/ James Dexter
 
Name: James Dexter
 
Title: Authorized Signatory
 
 
 
 
 
 
By:
/s/ Mark Williamson
 
 
 
Name: Mark Williamson
 
 
 
Title: Authorized Signatory

AILP ($300M) – Sixth Amending Agreement to Amended and Restated Credit Agreement