Exhibit 10.1

 

EXECUTION COPY

 

AMENDMENT NO. 1

 

Dated as of May 8, 2012

 

to

 

REVOLVING CREDIT AGREEMENT

 

THIS AMENDMENT NO. 1 (this “Amendment”) is made as of May 8, 2012 (the
“Effective Date”) by and among EQT Corporation (the “Borrower”), the financial
institutions listed on the signature pages hereof (collectively, the “Lenders”),
and PNC Bank, National Association, as administrative agent (the “Administrative
Agent”) under that certain Revolving Credit Agreement dated as of December 8,
2010, by and among the Borrower, the lenders party thereto and the
Administrative Agent (as amended, restated, supplemented or otherwise modified
prior to the date hereof, the “Credit Agreement”).  Capitalized terms used
herein and not otherwise defined herein shall have the respective meanings given
to them in the Credit Agreement.

 

WHEREAS, the Borrower has informed the Administrative Agent and the Lenders of
its intent to enter into a series of transactions (collectively, the “Midstream
Transactions”) relating to (a) the direct or indirect transfer of certain assets
to EQT Midstream Partners, LP, a Delaware limited partnership and an indirect
subsidiary of the Borrower (“EQM”), (b) the purchase by public investors for
cash, pursuant to an underwritten initial public offering, of common units in
EQM and (c) the transactions described in the foregoing clauses (a) and (b), the
material terms of which are set forth in EQM’s Registration Statement filed with
the Securities and Exchange Commission on April 4, 2012;

 

WHEREAS, the Borrower has requested that the Lenders and the Administrative
Agent agree to certain amendments to the Credit Agreement, including amendments
in connection with the Midstream Transactions;

 

WHEREAS, the Borrower has requested that the Lenders agree to extend the Stated
Maturity Date; and

 

WHEREAS, the Lenders and the Administrative Agent have agreed to such amendments
on the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and
conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree to enter into this Amendment.

 

1.                                      Amendments to the Credit Agreement
(Effective Date).  Effective as of the Effective Date, the parties hereto agree
that the Credit Agreement is hereby amended as follows:

 

(a)                                 The definition of “Applicable Rate”
appearing in Section 1.01 of the Credit Agreement (Defined Terms) is amended by
replacing the pricing grid therein with the pricing grid set forth on Annex A
attached hereto.

 

(b)                                 The definition of “Stated Maturity Date”
appearing in Section 1.01 of the Credit Agreement (Defined Terms) is amended by
replacing “December 8, 2014” therein with “December 8, 2016”.

 

(c)                                  Schedule 2.01 of the Credit Agreement
(Commitments and Pro Rata Shares) is

 

--------------------------------------------------------------------------------

 

amended in its entirety to read as set forth on Annex B attached hereto.

 

2.                                      Amendments to the Credit Agreement
(Midstream Transactions).  Effective automatically upon receipt by the
Administrative Agent, on or prior to December 31, 2012, of a certificate signed
by a Responsible Officer of the Borrower confirming that the Midstream
Transactions are being consummated on the date thereof, and that no Default then
exists or will result therefrom, the parties hereto agree that the Credit
Agreement is hereby amended as follows:

 

(a)                                 The definition of “Consolidated Debt”
appearing in Section 1.01 of the Credit Agreement (Defined Terms) is amended to
add the following sentence to the end thereof:

 

For the avoidance of doubt, Consolidated Debt shall not include any Debt of EQM
or any EQM Subsidiary.

 

(b)                                 The definition of “Consolidated
Subsidiaries” appearing in Section 1.01 of the Credit Agreement (Defined Terms)
is amended and restated in its entirety to read as follows:

 

“Consolidated Subsidiaries” means, at any date, any Subsidiary or other entity
(other than EQM or any EQM Subsidiary), the accounts of which would be
consolidated with those of the Borrower in its consolidated financial statements
prepared in accordance with GAAP if such statements were prepared as of such
date.

 

(c)                                  The definition of “Debt” appearing in
Section 1.01 of the Credit Agreement (Defined Terms) is amended by adding the
following sentence to the end of such definition:

 

Notwithstanding the foregoing, Debt of the Borrower and its Subsidiaries will be
deemed not to include Debt of the General Partner which arises by operation of
law as a consequence of Debt of EQM because of the General Partner’s position as
a general partner of EQM.

 

(d)                                 The last sentence of the definition of
“Subsidiary” appearing in Section 1.01 of the Credit Agreement (Defined Terms)
is amended and restated in its entirety to read as follows:

 

Unless otherwise specified, all references herein or in any other Loan Document
to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or
Subsidiaries of the Borrower, provided, however, that (x) in no event shall the
terms “Subsidiary”, “Subsidiaries” or “subsidiary” contained in this Agreement
or any other Loan Document include EQM or any EQM Subsidiary unless expressly
specified otherwise, (y) in the definition of “Material Debt” (as such term is
used in the definition of “Debt” and in Section 8.01(e)), each reference to
“Subsidiaries” shall include EQM and the EQM Subsidiaries, and (z) in the
definition of “Material Financial Obligations” (as such term is used in the
definition of “Debt” and in Section 8.01(e)), each reference to “Subsidiaries”
shall include EQM and the EQM Subsidiaries.

 

(e)                                  Section 1.01 of the Credit Agreement
(Defined Terms) is amended to add the following definitions thereto in the
correct alphabetical order:

 

“EQM” means EQT Midstream Partners, LP, a Delaware limited partnership.

 

2

--------------------------------------------------------------------------------

 

“EQM Subsidiary” means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of
securities or other interests having ordinary voting power for the election of
directors or other governing body (other than securities or interests having
such power only by reason of the happening of a contingency) are at the time
beneficially owned, or the management of which is otherwise controlled,
directly, or indirectly through one or more intermediaries, or both, by EQM.

 

“General Partner” means EQT Midstream Services, LLC, a Delaware limited
liability company and the general partner of EQM.

 

(f)                                   Clause (a) of Section 6.01 of the Credit
Agreement (Information) is amended to read as follows:

 

(a)                                 as soon as available, and in any event
within 60 days after the end of each fiscal year of the Borrower, a consolidated
balance sheet of the Borrower and its Consolidated Subsidiaries (and, for
purposes of this Section 6.01(a), “Consolidated Subsidiaries” shall include EQM
and the EQM Subsidiaries to the extent required to be consolidated by GAAP) as
of the end of such fiscal year and the related consolidated statements of
income, cash flows and changes in stockholders’ equity for such fiscal year,
setting forth in each case in comparative form the figures for the previous
fiscal year, all in reasonable detail and prepared in accordance with GAAP,
audited and accompanied by a report and opinion of an independent certified
public accountant of nationally recognized standing selected by the Borrower,
which report and opinion shall be prepared in accordance with generally accepted
auditing standards and shall not be subject to any “going concern” or like
qualification or exception or any qualification or exception as to the scope of
such audit;

 

(g)                                  Clause (b) of Section 6.01 of the Credit
Agreement (Information) is amended to read as follows:

 

(b)                                 as soon as available, and in any event
within 35 days after the end of each of the first three quarters of each fiscal
year of the Borrower, a consolidated balance sheet of the Borrower and its
Consolidated Subsidiaries (and, for purposes of this Section 6.01(b),
“Consolidated Subsidiaries” shall include EQM and the EQM Subsidiaries to the
extent required to be consolidated by GAAP) as of the end of such quarter and
the related consolidated statements of income and cash flows for such quarter
and for the portion of the Borrower’s fiscal year ended at the end of such
quarter, setting forth in the case of such statements of income and cash flows,
in comparative form the figures for the corresponding quarter and the
corresponding portion of the Borrower’s previous fiscal year, all certified
(subject to normal year-end adjustments and the absence of footnotes) as to
fairness of presentation, conformity to GAAP and consistency by the chief
financial officer or the chief accounting officer of the Borrower;

 

(h)                                 Clause (c) of Section 6.01 of the Credit
Agreement (Information) is amended by adding the following to the end of such
clause, before the semicolon: “, reflecting such financial information for EQM
and the EQM Subsidiaries as the Lenders shall reasonably request to enable the
Lenders to verify what adjustments were made by the Borrower to Consolidated
Debt, Shareholders’ Equity and other consolidated amounts in order to exclude
EQM and the EQM Subsidiaries in calculating compliance with Section 7.02”.

 

3

--------------------------------------------------------------------------------

 

(i)                                     The first proviso to Section 7.03 of the
Credit Agreement (Transactions with Affiliates) is amended to read as follows:

 

provided that the foregoing restrictions shall not apply to (x) transactions
between or among the Borrower and any of its wholly-owned Subsidiaries (other
than Excluded Subsidiaries), or (y) transactions between the Borrower and/or any
Subsidiary on the one hand and EQM and/or any EQM Subsidiary on the other hand
that are on terms and conditions reasonably fair to the Borrower and its
Subsidiaries in all material respects in the good faith judgment of the
Borrower, and provided further that for purposes of this Section 7.03, a
transaction entered into by the General Partner in its capacity as general
partner of EQM in connection with the General Partner’s direct or indirect
management of EQM and the EQM Subsidiaries, or that is undertaken in accordance
with the EQM Partnership Agreement, shall not be deemed to be a transaction
between the General Partner and EQM or the EQM Subsidiaries and shall not be
prohibited by this Section 7.03, and

 

(j)                                    Section 7.06 of the Credit Agreement
(Change in Nature of Business) is amended and restated in its entirety to read
as follows:

 

7.06  Change in Nature of Business. The Borrower (a) shall not, nor shall it
permit any Subsidiary to, directly or indirectly, engage in any material line of
business substantially different from those lines of business conducted by the
Borrower and its Subsidiaries on the date hereof or any business substantially
related or incidental thereto and (b) shall not permit EQM or any EQM
Subsidiary, for so long as any such entity is an Affiliate of the Borrower, to
engage in any material line of business other than the midstream oil and gas
business or any business substantially related or incidental thereto.

 

(k)                                 The following is hereby added as Section
7.08 of the Credit Agreement (EQM and EQM Subsidiaries):

 

7.08  EQM and EQM Subsidiaries.

 

(a)                                 Except as otherwise provided under this
Section 7.08, the Borrower shall not, and shall not permit any Subsidiary to,
(i) provide any Guarantee of any Debt of EQM or any EQM Subsidiary, (ii) permit
any Debt of EQM or any EQM Subsidiary to be recourse to the Borrower, any
Subsidiary or any of their respective assets, or (iii) permit any Lien on the
property of the Borrower or any Subsidiary to secure any Debt of EQM or any EQM
Subsidiary.

 

(b)                                 Except as otherwise provided under this
Section 7.08, the Borrower shall not permit EQM or any EQM Subsidiary to (i) own
any capital stock of or other equity interests in the Borrower or any
Subsidiary, (ii) hold any Debt of the Borrower, except in the ordinary course of
business but in no event Debt for borrowed money, or (iii) hold any Lien on
property of the Borrower or any Subsidiary, except in connection with the
ordinary course of business but in no event to secure Debt for borrowed money.

 

4

--------------------------------------------------------------------------------

 

(c)                                  Notwithstanding anything to the contrary
set forth in clauses (a) and (b) above, so long as no Default then exists or
will result therefrom, (i) the Borrower or any Subsidiary may sell or otherwise
transfer any asset (excluding capital stock of or other equity interests in any
Subsidiary) to EQM or any EQM Subsidiary, and EQM or any EQM Subsidiary may own
such assets, (ii) the Borrower or any Subsidiary may sell or otherwise transfer
capital stock of or other equity interests in any Subsidiary to EQM or any EQM
Subsidiary, and EQM or any EQM Subsidiary may own such capital stock or other
equity interests, so long as such Subsidiary is not a “Subsidiary” under this
Agreement after giving effect to such sale or transfer, (iii) the General
Partner may incur recourse liability for Debt of EQM and/or any EQM Subsidiary
and (iv) the Borrower and any Subsidiary of the Borrower may provide credit
support (including issuing and maintaining letters of credit, guaranties (other
than guaranties of Debt for borrowed money) and surety and performance bonds on
behalf of EQM and/or any EQM Subsidiary) to EQM and/or any EQM Subsidiary
pursuant to agreements between the Borrower, any Subsidiary, EQM and/or any EQM
Subsidiary entered into in the ordinary course of business (including an omnibus
agreement among the Borrower, EQM, the General Partner and the other parties
thereto, as the same may be amended or otherwise modified from time to time).

 

(l)                                     Clause (e) of Section 8.01 of the Credit
Agreement (Events of Default and Remedies) is amended by replacing “The Borrower
or any Subsidiary” therein with “The Borrower, any Subsidiary, EQM or any EQM
Subsidiary (but only if EQM or such EQM Subsidiary is an Affiliate of the
Borrower)”.

 

(m)                             Clauses (f) and (g) of Section 8.01 of the
Credit Agreement (Events of Default and Remedies) are amended by replacing “The
Borrower or any Material Subsidiary” therein with “The Borrower, any Material
Subsidiary, EQM or any EQM Subsidiary (but only if EQM or such EQM Subsidiary is
an Affiliate of the Borrower)”.

 

3.                                      Conditions of Effectiveness.  The
effectiveness of this Amendment is subject to the conditions precedent that the
Administrative Agent shall have received:

 

(a)                                 counterparts of this Amendment duly executed
by the Borrower, all Lenders and the Administrative Agent;

 

(b)                                 resolutions in conformity with Section
2.14(c)(i) of the Credit Agreement, certified by a Secretary or Assistant
Secretary or Borrower, and such additional certificates of resolutions or other
action, incumbency certificates and/or other certificates of a Responsible
Officer of the Borrower as the Administrative Agent may reasonably require
evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this
Amendment;

 

(c)                                  a certificate signed by a Responsible
Officer of the Borrower in conformity with Section 2.14(c)(ii) of the Credit
Agreement;

 

(d)                                 opinions of counsel to the Borrower covering
the matters set forth in Section 2.14(c) of the Credit Agreement; and

 

(e)                                  all fees and other amounts due and payable
on or prior to date hereof, including,

 

5

--------------------------------------------------------------------------------

 

to the extent invoiced at least two (2) Business Days prior to the Effective
Date, reimbursement or payment of all out-of-pocket expenses (including
reasonable fees and expenses of counsel for the Administrative Agent) required
to be reimbursed or paid by the Borrower in connection with this Amendment.

 

4.                                      Representations and Warranties of the
Borrower.  The Borrower hereby represents and warrants as follows:

 

(a)                                 This Amendment and the Credit Agreement as
modified hereby constitutes the legal, valid and binding obligation of the
Borrower, enforceable in accordance with its terms, except as such enforcement
may be limited by bankruptcy, insolvency, or similar laws of general application
relating to the enforcement of creditors’ rights.

 

(b)                                 The representations and warranties of the
Borrower set forth in the Credit Agreement are true and correct on and as of the
date hereof in all material respects, both before and after giving effect to
this Amendment, except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and
correct in all material respects as of such earlier date.

 

5.                                      Reference to and Effect on the Credit
Agreement.

 

(a)                                 Upon the effectiveness hereof, each
reference to the Credit Agreement in the Credit Agreement or any other Loan
Document shall mean and be a reference to the Credit Agreement as amended
hereby.

 

(b)                                 Each Loan Document and all other documents,
instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed.

 

(c)                                  Except with respect to the subject matter
hereof, the execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Administrative Agent or
the Lenders, nor constitute a waiver of any provision of the Credit Agreement,
the Loan Documents or any other documents, instruments and agreements executed
and/or delivered in connection therewith.

 

6.                                      Governing Law.  This Amendment shall be
construed in accordance with and governed by the law of the State of New York.

 

7.                                      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.

 

8.                                      Counterparts.  This Amendment may be
executed by one or more of the parties hereto on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Signatures delivered by facsimile or PDF
shall have the same force and effect as manual signatures delivered in person.

 

[Signature Pages Follow]

 

6

--------------------------------------------------------------------------------

 

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year
first above written.  Each Lender that is an L/C Issuer has executed this
Amendment in its capacity as a Lender and an L/C Issuer.

 

 

EQT CORPORATION, as the Borrower

 

 

 

 

 

 

 

 

 

By:

/s/ Philip P. Conti

 

 

Name:

Philip P. Conti

 

 

Title:

Senior Vice President and Chief Financial Officer

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

PNC BANK, NATIONAL ASSOCIATION,

 

individually as a Lender and as Administrative Agent and Swing Line Lender

 

 

 

 

 

 

 

 

 

By:

/s/ Tracy J. DeCock

 

 

Name:

Tracy J. DeCock

 

 

Title:

Senior Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

Wells Fargo Bank, NA

 

 

 

 

 

By:

/s/ Mark Oberreuter

 

 

Name:

Mark Oberreuter

 

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

Bank of America, N.A.

 

 

 

 

 

By:

/s/ Ronald E. McKaig

 

 

Name:

Ronald E. McKaig

 

 

Title:

Managing Director

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

 

Barclays Bank PLC

 

 

 

 

 

By:

/s/ Michael Mozer

 

 

Name:

Michael Mozer

 

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

 

 

 

JPMorgan Chase Bank, N.A.

 

 

 

 

 

By:

/s/ Muhammad Hasan

 

 

Name:

Muhammad Hasan

 

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Citibank, N.A.

 

 

 

 

 

By:

/s/ John Miller

 

Name:

John Miller

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

The Bank of Tokyo-Mitsubishi UFJ, Ltd.

 

 

 

 

 

By:

/s/ Andrew Oram

 

Name:

Andrew Oram

 

Title:

Managing Director

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Credit Suisse AG, Cayman Islands Branch

 

 

 

 

 

By:

/s/ Mikhail Faybusovich

 

Name:

Mikhail Faybusovich

 

Title:

Director

 

 

 

 

 

By:

/s/ Vipul Dhadda

 

Name:

Vipul Dhadda

 

Title:

Associate

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Deutsche Bank AG New York Branch

 

 

 

 

 

By:

/s/ Ming K. Chu

 

Name:

Ming K. Chu

 

Title:

Vice President

 

 

 

 

 

By:

/s/ Wolfgang Winter

 

Name:

Wolfgang Winter

 

Title:

Managing Director

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

U.S. Bank National Association

 

 

 

 

 

By:

/s/ Patrick Jeffrey

 

Name:

Patrick Jeffrey

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

SunTrust Bank

 

 

 

 

 

By:

/s/ Gregory C. Magnuson

 

Name:

Gregory C. Magnuson

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Royal Bank of Canada

 

 

 

 

 

By:

/s/ Don J. McKinnerney

 

Name:

Don J. McKinnerney

 

Title:

Authorized Signatory

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Goldman Sachs Bank USA

 

 

 

 

 

By:

/s/ Mark Walton

 

Name:

Mark Walton

 

Title:

Authorized Signatory

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

The Bank of New York Mellon

 

 

 

 

 

By:

/s/ Mark W. Rogers

 

Name:

Mark W. Rogers

 

Title:

Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

Canadian Imperial Bank of Commerce, New York Agency

 

 

 

 

 

By:

/s/ Trudy Nelson

 

Name:

Trudy Nelson

 

Title:

Executive Director

 

 

 

 

 

 

 

By:

/s/ Dominic Sorresso

 

Name:

Dominic Sorresso

 

Title:

Executive Director

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

 

The Huntington National Bank

 

 

 

 

 

By:

/s/ W. Christopher Kohler

 

Name:

W. Christopher Kohler

 

Title:

Senior Vice President

 

Signature Page to Amendment No. 1 to

Revolving Credit Agreement

 

--------------------------------------------------------------------------------

 

ANNEX A

 

Pricing Grid

 

Pricing
Level

 

Public Debt Ratings
S&P/Moody’s/Fitch

 

Facility
Fee

 

Eurodollar
Rate

 

Letters of
Credit

 

Base
Rate

 

1

 

A-/A3/A- or higher

 

12.5

 

100.0

 

100.0

 

0.0

 

2

 

BBB+/Baa1/BBB+

 

15.0

 

110.0

 

110.0

 

10.0

 

3

 

BBB/Baa2/BBB

 

20.0

 

117.5

 

117.5

 

17.5

 

4

 

BBB-/Baa3/BBB-

 

25.0

 

137.5

 

137.5

 

37.5

 

5

 

Lower than BBB-/Baa3/BBB-

 

30.0

 

157.5

 

157.5

 

57.5

 

 

--------------------------------------------------------------------------------

 

ANNEX B

 

Commitments and Pro Rata Shares

 

Lender

 

Commitment

 

Percentage

 

PNC Bank, National Association

 

$

115,000,000.00

 

7.666666667

%

Wells Fargo Bank, National Association

 

115,000,000.00

 

7.666666667

%

Bank of America, N.A.

 

115,000,000.00

 

7.666666667

%

Barclays Bank PLC

 

115,000,000.00

 

7.666666667

%

JPMorgan Chase Bank, N.A.

 

115,000,000.00

 

7.666666667

%

Citibank, N.A.

 

115,000,000.00

 

7.666666667

%

Bank of Tokyo — Mitsubishi UFJ, Ltd.

 

115,000,000.00

 

7.666666667

%

Credit Suisse AG, Cayman Islands Branch

 

90,000,000.00

 

6.000000000

%

Deutsche Bank AG New York Branch

 

90,000,000.00

 

6.000000000

%

U.S. Bank National Association

 

90,000,000.00

 

6.000000000

%

SunTrust Bank

 

85,000,000.00

 

5.666666667

%

Royal Bank of Canada

 

85,000,000.00

 

5.666666667

%

Goldman Sachs Bank USA

 

85,000,000.00

 

5.666666667

%

The Bank of New York Mellon

 

70,000,000.00

 

4.666666669

%

Canadian Imperial Bank of Commerce, New York Agency

 

50,000,000.00

 

3.333333333

%

The Huntington National Bank

 

50,000,000.00

 

3.333333333

%

Total Commitments

 

$

1,500,000,000.00

 

100.00

%

 

--------------------------------------------------------------------------------