AMENDMENT NO. 2
TO REVOLVING CREDIT AGREEMENT
 
AMENDMENT NO. 2 TO REVOLVING CREDIT AGREEMENT (this “Amendment”), dated as of
March 24, 2015, among SOUTHWEST GAS CORPORATION, a California corporation (the
“Borrower”), each of the lenders parties to the Revolving Credit Agreement
referred to below (collectively, the “Lenders”), and THE BANK OF NEW YORK
MELLON, as Administrative Agent (the “Administrative Agent”).
 
RECITALS
 
 
A.           The Borrower, the Lenders and the Administrative Agent are parties
to the Revolving Credit Agreement, dated as of March 15, 2012 (as amended by
Amendment No. 1 to Revolving Credit Agreement, dated as of March 25, 2014, the
“Credit Agreement”), pursuant to which the Lenders agreed to make Loans to the
Borrower on the terms and conditions set forth therein.  Capitalized terms used
herein that are not herein defined shall have the meanings ascribed thereto by
the Credit Agreement.
 
B.           The Borrower has requested that the Lenders agree to (i) extend the
Termination Date from March 25, 2019 to March 25, 2020 and (ii) amend Section
2.03(e) of the Credit Agreement in the manner set forth in this Amendment.  The
Lenders are willing to so amend the Credit Agreement upon the terms and
conditions herein contained.
 
THEREFORE, in consideration of the recitals and the terms and conditions herein
contained, and of other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, it is agreed that:
 

1. On and as of the Amendment No. 2 Effective Date (as defined below), the
Credit Agreement is hereby amended by adding in appropriate alphabetical order
the following definitions in Section 1.01(c) thereof:
 
“Amendment No. 2” means that certain Amendment No. 2 to Revolving Credit
Agreement dated as of March 24, 2015 among the Borrower, the lenders party
thereto, and the Administrative Agent.
 

 
 

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“Amendment No. 2 Effective Date” means March 24, 2015.
 
2. On and as of the Amendment No. 2 Effective Date, the Credit Agreement is
hereby further amended by deleting the text of the definition of “Termination
Date” in its entirety and substituting the following therefor:
 
“Termination Date” means March 25, 2020, as may be extended pursuant to Section
2.03(e), or such earlier date on which the Revolving Credit Notes shall become
due and payable, whether by acceleration or otherwise.
 
3. On and as of the Amendment No. 2 Effective Date, the Credit Agreement is
hereby further amended by deleting “Amendment No. 1 Effective Date” in Section
2.03(e) of the Credit Agreement and substituting “Amendment No. 2 Effective
Date” therefor.
 
4. This Amendment shall be effective as of March 24, 2015 (the “Amendment No. 2
Effective Date”), provided that each of the following conditions precedent has
been fulfilled by such date:
 
(a) Evidence of Action.  The Administrative Agent shall have received a
certificate of the Secretary or an Assistant Secretary of the Borrower, dated
the date of this Amendment, certifying and/or attaching thereto (i) all
amendments, if any, to the articles of incorporation of the Borrower since March
25, 2014, certified by the Secretary of State of California as of a recent date
and by the Secretary or Assistant Secretary of the Borrower (or if there have
been none, a certification to such effect) and all amendments, if any, to the
bylaws of the Borrower since March 25, 2014, certified by the Secretary or
Assistant Secretary of the Borrower (or if there have been none, a certification
to such effect), (ii) certificates of good standing for the Borrower from each
of the Secretary of State of California and the Secretaries of State of the
states where the Borrower conducts its principal operations, certifying that the
Borrower is in good standing in such states, such certificates to be dated
reasonably near the date of this Amendment, (iii) copies of the resolutions of
the board of directors of the Borrower approving and authorizing the execution,
delivery and performance by the Borrower of this Amendment and (iv) the names
and true signatures of the officers of the Borrower authorized to sign this
Amendment and any certificates or other documents, to be delivered in connection
herewith.
 
(b) This Amendment.  The Administrative Agent shall have received this Amendment
executed by a duly authorized officer of the Borrower, and consented to by each
Lender.
 
(c) Fees and Expenses.  The Borrower shall have paid (i) the reasonable fees and
expenses of counsel to the Administrative Agent in connection with the
preparation, negotiation and closing of this Amendment and all documents
executed and delivered in connection herewith and (ii) the fees and other
amounts required to be
 

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paid to the Administrative Agent and the Lenders on the Amendment No. 2
Effective Date pursuant to that certain fee letter dated as of March 5, 2015
between The Bank of New York Mellon and the Borrower.
 
(d) Compliance.  After giving effect to this Amendment, (i) the Borrower shall
be in compliance in all material respects with all of the terms, covenants and
conditions of the Credit Documents as amended hereby, (ii) there shall exist no
Default or Event of Default and (iii) the representations and warranties
contained in the Credit Documents as amended hereby shall be true and correct in
all material respects with the same effect as though such representations and
warranties had been made on and as of the date hereof (except to the extent that
any representation or warranty speaks as of a certain date).
 
5. The Borrower hereby reaffirms and admits the validity and enforceability of
the Credit Documents and all of its obligations thereunder, agrees and admits
that it has no defenses to or offsets against any of the obligations under the
Credit Documents, and represents and warrants that (i) the Recitals to this
Amendment are true and correct, (ii) there exists no Default or Event of Default
and (iii) the representations and warranties contained in the Credit Documents
are true and correct in all material respects on and as of the date hereof,
except those representations and warranties that were made as of a specific
date, in which case such representations and warranties were true and correct in
all material respects on and as of such earlier date.
 
6. In all other respects the Credit Agreement and the other Credit Documents
shall remain in full force and effect, and no amendment of any term or condition
of the Credit Agreement herein contained shall be deemed to be an amendment of
any other term or condition contained in the Credit Agreement or any other
Credit Document or constitute a waiver of any Default or Event of Default.
 
7. The Borrower agrees to pay the reasonable fees and expenses of the
Administrative Agent’s counsel in connection with this Amendment and all
documents executed and delivered in connection herewith in accordance with
Section 4.06(a) of the Credit Agreement.
 
8. This Amendment may be executed by one or more of the parties to this
Amendment on any number of separate counterparts (including by telecopy or
email), and all of such counterparts taken together shall be deemed to
constitute one and the same instrument.
 
9. THIS AMENDMENT SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION
5-1401, BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK.
 
[Remainder of page intentionally left blank; signature pages follow]
 

 
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The Borrower, the Lenders and the Administrative Agent have caused this
Amendment to be duly executed as of the date first above written.

 
SOUTHWEST GAS CORPORATION
                   
By:
/S/ KENNETH J. KENNY
     
Name:
Kenneth J. Kenny
   
 
Title:
Vice President/Finance/Treasurer
           

[Signature Page to Amendment No. 2]
 
 
 

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THE BANK OF NEW YORK MELLON, as
a Lender and as Administrative Agent
                   
By:
/S/ MARK W. ROGERS
     
Name:
Mark W. Rogers
   
 
Title:
Vice President
           

 

[Signature Page to Amendment No. 2]
 

 
 
 

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JPMORGAN CHASE BANK, N.A., as a
Lender
                   
By:
/S/ JUSTIN MARTIN
     
Name:
Justin Martin
   
 
Title:
Authorized Officer
           

 
 

[Signature Page to Amendment No. 2]
 

 
 
 

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BANK OF AMERICA, N.A., as a Lender
                   
By:
/S/ MICHELE GORDON 
     
Name:
Michele Gordon
   
 
Title:
SVP
           

[Signature Page to Amendment No. 2]
 

 
 
 

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MUFG UNION BANK, N.A. (f/k/a UNION
BANK, N.A.), as a Lender
                   
By:
/S/ LINDSAY MINNEMAN
     
Name:
Lindsay Minneman
   
 
Title:
Vice President
           

[Signature Page to Amendment No. 2]
 

 
 
 

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KEYBANK NATIONAL ASSOCIATION,
as a Lender
                   
By:
/S/ KEVEN D. SMITH
     
Name:
Keven D. Smith
   
 
Title:
Senior Vice President
           

[Signature Page to Amendment No. 2]
 

 
 
 

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WELLS FARGO BANK, NATIONAL
ASSOCIATION, as a Lender
                   
By:
/S/ YANN BLINDERT
     
Name:
Yann Blindert
   
 
Title:
Director
           

[Signature Page to Amendment No. 2]
 

 
 
 

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U.S. BANK NATIONAL ASSOCIATION,
as a Lender
                   
By:
/S/ HOLLAND H. WILLIAMS 
     
Name:
Holland H. Williams
   
 
Title:
VICE PRESIDENT
           

[Signature Page to Amendment No. 2]
 

 
 
 

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THE NORTHERN TRUST COMPANY, as
a Lender
                   
By:
/S/ JOHN LASCODY
     
Name:
John Lascody
   
 
Title:
Vice President
           

[Signature Page to Amendment No. 2]