Document:

Exhibit 10.1

 

Execution Version

 

SEVENTH AMENDMENT

TO AMENDED AND RESTATED CREDIT AGREEMENT

 

This SEVENTH AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is dated as of August 15, 2022 and is entered into by and
among CLEARWAY ENERGY OPERATING LLC, a Delaware limited liability company (the “Borrower”), CLEARWAY ENERGY LLC, a
Delaware limited liability company (“Holdings”), each other Guarantor party hereto, JPMORGAN CHASE BANK, N.A. (“JPM”),
in its capacity as the administrative agent under the Credit Agreement (the “Administrative Agent”), and THE LENDERS
party hereto and is made with reference to that certain Amended and Restated Credit Agreement dated as of April 25, 2014, as amended by
that certain First Amendment to Amended & Restated Credit Agreement, dated as of June 26, 2015, that certain Second Amendment to Amended
 & Restated Credit Agreement, dated as of February 6, 2018, that certain Third Amendment to Amended and Restated Credit Agreement and
Administrative Agent Resignation and Appointment Agreement, dated as of April 30, 2018, that certain Fourth Amendment to Amended and Restated
Credit Agreement, dated as of November 30, 2018, that certain Fifth Amendment to Amended and Restated Credit Agreement, dated as of December
20, 2019, and that certain Sixth Amendment to Amended and Restated Credit Agreement and First Amendment to Amended and Restated Pledge
and Security Agreement, dated as of November 30, 2021 (the “Credit Agreement,” and as amended by this Amendment and
as may be further amended, amended and restated, supplemented or otherwise modified from time to time, the “Amended Credit Agreement”),
by and among the Borrower, Holdings, the other Guarantors party thereto, the Lenders and L/C Issuers party thereto and the Administrative
Agent. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Amended Credit Agreement,
and the rules of interpretation set forth in Section 1.02 of the Amended Credit Agreement shall apply hereto, mutatis mutandis.

 

RECITALS

 

WHEREAS, the Loan Parties
have requested that the Lenders agree to amend certain provisions of the Credit Agreement as provided for herein; and

 

WHEREAS, subject to
the satisfaction of the conditions specified herein, the undersigned Lenders are willing to agree to such amendments to the Credit Agreement
in accordance with Section 11.01 of the Credit Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:

 

		SECTION I.	AMENDMENTS TO CREDIT AGREEMENT

 

Effective on and as of the
date on which each of the conditions set forth in Section II has been satisfied (or waived by the party or parties entitled to
the benefit thereof):

 

		A.	The following definition in Section 1.01 of the Credit Agreement
is hereby amended and restated in its entirety as follows:

 

“Change
of Control” means an event or series of events by which:

 

(a)       Equity
Investor and TotalEnergies shall cease to collectively own, directly or indirectly, at least 35% (as measured by voting power rather than
number of shares or other equity securities) of the equity securities of Parent entitled to vote for members of the board of directors
or equivalent governing body of Parent on a fully-diluted basis (and taking into account all such securities that such “person”
or “group” has the right to acquire pursuant to any option right); or

 

     

     

    

 

(b)       [reserved];
or

 

(c)       Parent,
Equity Investor and TotalEnergies collectively shall cease to, directly or indirectly, own and control legally and beneficially all of
the Equity Interests in Holdings; or

 

(d)       Holdings
shall cease to directly own and control legally and beneficially all of the Equity Interests in the Borrower.

 

Notwithstanding
anything herein to the contrary or any provision of Section 13d-3 of the Exchange Act, a Person or group shall not be deemed to beneficially
own Equity Interests subject to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar
agreement (or voting or option or similar agreement related thereto) until the consummation of the acquisition of the Equity Interests
in connection with the transactions contemplated by such agreement.

 

		B.	Section 1.01 of the Credit Agreement is hereby amended by adding
the following definitions in alphabetical order:

 

“Seventh
Amendment” means that certain Seventh Amendment to this Agreement, dated as of August 15, 2022.

 

“Seventh
Amendment Effective Date” has the meaning given to such term in the Seventh Amendment.

 

“TotalEnergies”
means any of TotalEnergies SE, a French société européenne, and its Affiliates.

 

		SECTION II.	CONDITIONS

 

This Amendment shall become
effective as of the first date on which each of the following conditions in this Section II have been satisfied (the date of satisfaction
of such conditions being referred to herein as the “Seventh Amendment Effective Date”):

 

A.            Deliverables
to Administrative Agent. The Administrative Agent’s receipt of the following, each of which shall be originals or
electronically transmitted copies of originals (followed as soon as reasonably practicable by originals) unless otherwise specified,
each properly executed by a Responsible Officer of the signing Loan Party, each dated the Seventh Amendment Effective Date and each
in form and substance reasonably satisfactory to the Administrative Agent and each of the Lenders: (i) a counterpart signature page
of this Amendment duly executed by each of the Loan Parties, (ii) counterpart signature pages of this Amendment duly executed by the
Administrative Agent and (iii) a counterpart signature page of this Amendment duly executed by the Required Lenders.

 

    2

     

    

 

B.             Payment of Fees and
Expenses. The Administrative Agent shall have received all reasonable and documented out-of-pocket fees and expenses incurred in
connection with this Amendment on or prior to the Seventh Amendment Effective Date, including, to the extent invoiced at least three
(3) Business Days prior to the Seventh Amendment Effective Date, reimbursement or other payment of all out-of-pocket fees and expenses
in each case required to be reimbursed or paid by the Borrower under the Credit Agreement.

 

C.            Consummation of Acquisition.
The acquisition of 50.0% of GIP III Zephyr Acquisition Holdings L.P., a Delaware limited partnership, by TotalEnergies shall have been
consummated, as confirmed to the Administrative Agent in writing (via e-mail or otherwise) by the Borrower or its representatives.

 

D.            Representations and Warranties. Each of the representations and warranties in clauses (A), (B), (C)(i), (D) and (E) (solely
with respect to Section 5.14 of the Credit Agreement) of Section III shall be true and correct in all material respects on the Seventh
Amendment Effective Date (unless made solely as of a prior date, in which case such representation and warranty was true and correct in
all material respects as of such date).

 

		SECTION III.	REPRESENTATIONS AND WARRANTIES

 

Each Loan Party which is a
party hereto represents and warrants to each Lender that the following statements are true and correct in all material respects as of
the date hereof:

 

A.            Corporate Power and Authority. Each Loan Party has all requisite power and authority and all requisite governmental licenses,
authorizations, consents and approvals to execute, deliver and perform its obligations under this Amendment and to perform its obligations
under the Amended Credit Agreement and consummate the transactions contemplated by this Amendment and the Amended Credit Agreement.

 

B.            Authorization of Amendment. The execution, delivery and performance by each Loan Party of this Amendment have been duly
authorized by all necessary corporate or other organizational action.

 

C.            No Conflict. The execution, delivery and performance by each Loan Party of this Amendment do not and will not (i) contravene
the terms of any of such Person’s Organization Documents; (ii) conflict with or result in any breach or contravention of, or require
any payment to be made under, (a) any material Contractual Obligation to which such Person is a party or affecting such Person or the
properties of such Person or any of its Subsidiaries, or (b) any order, injunction, writ or decree of any Governmental Authority or any
arbitral award to which such Person or its property is subject; (iii) result in the creation or imposition of any Lien upon or with respect
to any property or assets now owned or hereafter acquired by such Person or any of its Subsidiaries (other than Liens created under the
Collateral Documents); or (iv) violate any material Law.

 

    3

     

    

 

D.            Binding Effect. This Amendment has been duly executed and delivered by each Loan Party that is party hereto. Each of this
Amendment and the Amended Credit Agreement constitute a legal, valid and binding obligation of such Loan Party, enforceable against each
Loan Party that is party hereto or thereto in accordance with its terms, except as enforceability hereof or thereof may be limited by
(i) bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer or other laws now or hereafter in effect relating to creditors’
rights generally (including specific performance) and (ii) general equitable principles (whether considered in a proceeding in equity
or at law), and to the discretion of the court before which any proceeding may be brought.

 

E.             Representations and Warranties, Etc. (x) All representations and warranties contained in Article V of the Credit Agreement
are true and correct in all material respects (but in all respects if such representation or warranty is qualified by “materiality”
or “Material Adverse Effect”), except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they were true and correct in all material respects (but in all respects if such representation or warranty is qualified
by “materiality” or “Material Adverse Effect”) as of such earlier date, and except that the representations and
warranties contained in Sections 5.05(a) and (b) of the Credit Agreement shall be deemed to refer to the most recent statements
furnished pursuant to Sections 6.01(a) and (b) of the Credit Agreement, respectively, and the representations and warranties
contained in Section 5.05(c) of the Credit Agreement shall be deemed to refer to the statements furnished pursuant to Section
6.01(a) of the Credit Agreement with respect to the fiscal year ended December 31, 2021, and (y) no Default or Event of Default has
occurred and is continuing.

 

		SECTION V.	ACKNOWLEDGMENT AND CONSENT OF LOAN PARTIES; REAFFIRMATION OF
GUARANTIES AND LIENS

 

A.            Acknowledgment and Consent. Each Loan Party hereby acknowledges that it has reviewed the terms and provisions of the Credit
Agreement and this Amendment and consents to the amendments of the Credit Agreement effected pursuant to this Amendment.

 

B.             Guaranty and Lien Reaffirmation. Each Loan Party hereby (i) confirms that each Loan Document (including the Guaranty), both
before and immediately after giving effect to and, if applicable, as amended by this Amendment, to which it is a party or otherwise bound,
and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance
with the Loan Documents, as amended by this Amendment, if applicable, the payment and performance of the Secured Obligations and (ii)
ratifies all guaranties and Liens granted by it pursuant to the Loan Documents.

 

C.             Continuing Effect. Each Loan Party hereby acknowledges and agrees that (i) each Loan Document, both before and immediately
after giving effect to and, if applicable, as amended by this Amendment, to which it is a party or otherwise bound shall continue in full
force and effect and (ii) all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the
execution or effectiveness of this Amendment.

 

D.            No Filings Necessary. Except as otherwise required herein, each Loan Party hereby confirms that no additional filings or
recordings need to be made, and no other actions need to be taken, by such Loan Party in order to maintain the perfection, enforceability
or validity of the security interests created pursuant to the Collateral Documents.

 

    4

     

    

 

		SECTION VI.	MISCELLANEOUS

 

A. Reference to and
Effect on Credit Agreement and Other Loan Documents.

 

(i) On and after the Seventh
Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
 “herein” or words of like import referring to the Credit Agreement, 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 as amended by this Amendment.

 

(ii) Except as specifically
amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified
and confirmed.

 

(iii) The execution, delivery
and performance of this Amendment shall not constitute either (x) a novation of the Credit Agreement or any of the other Loan Documents
or any obligations thereunder or (y) a waiver of any provision of, or operate as a waiver of any right, power or remedy of any Agent,
Lender or L/C Issuer under, the Credit Agreement or any of the other Loan Documents. The amendments contained herein are limited to the
specified provisions and circumstances described and shall not be deemed to prejudice any rights not specifically addressed herein which
any Agent, Lender or L/C Issuer may now have or may have in the future under the Amended Credit Agreement or any other Loan Document.

 

B. Loan Document.
For the avoidance of doubt, this Amendment constitutes a Loan Document.

 

C. Headings.
Section and Subsection 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 or be given any substantive effect.

 

D. Governing Law.
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

E. Submission to Jurisdiction;
Waiver of Venue; Service of Process; Waiver of Jury Trial. The provisions of Sections 11.14(b), (c) and (d) and Section 11.15
of the Amended Credit Agreement are hereby incorporated by reference, mutatis mutandis, as if set forth in full herein.

 

F. Counterparts;
Electronic Execution. This Amendment may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.
Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be
effective as delivery of a manually executed counterpart of this Amendment. The words “execution,”
 “execute”, “signed,” “signature,” and words of like import in or related to any document to be
signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include electronic signatures,
the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or
the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually
executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

 

[Remainder of this page intentionally left blank.]

 

    5

     

    

 

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

 

 

	BORROWER:	CLEARWAY ENERGY OPERATING LLC
	 	 
	 	 
	 	By: 	/s/ Christopher S. Sotos
	 	Name: Christopher S. Sotos
	 	Title:   President & Chief Executive Officer
	 	 
	 	 
	GUARANTORS: 	CLEARWAY ENERGY LLC
	 	DGPV HOLDING LLC
	 	 
	 	 
	 	By: 	/s/ Christopher S. Sotos
	 	Name: Christopher S. Sotos
	 	Title:   President & Chief Executive Officer

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	ALTA WIND 1-5 HOLDING COMPANY, LLC
	 	ALTA WIND COMPANY, LLC
	 	Capistrano Portfolio Holdings LLC
	 	CBAD HOLDINGS II, LLC
	 	CLEARWAY SOLAR STAR LLC
	 	CWEN PINNACLE REPOWERING HOLDINGS LLC
	 	CWSP RATTLESNAKE HOLDING LLC
	 	DAGGETT SOLAR HOLDCO LLC
	 	DG-CS HOLDINGS LLC
	 	DG SREC HOLDCO LLC
	 	ENERGY CENTER HONOLULU HOLDINGS LLC
	 	LANGFORD HOLDING LLC
	 	LIGHTHOUSE RENEWABLE HOLDINGS LLC
	 	MARSH LANDING HOLDCO LLC
	 	NIMH SOLAR HOLDINGS LLC
	 	OCOTILLO WINDPOWER HOLDINGS LLC
	 	PAWVA Wind Holdings LLC
	 	PORTFOLIO SOLAR I, LLC
	 	ROSAMOND SOLAR HOLDCO LLC
	 	RPV HOLDING LLC
	 	SOLAR FLAGSTAFF ONE LLC
	 	SOLAR IGUANA LLC
	 	SOLAR LAS VEGAS MB 1 LLC
	 	SOLAR TABERNACLE LLC
	 	SOUTH TRENT HOLDINGS LLC
	 	SPP ASSET HOLDINGS, LLC
	 	SPP FUND II HOLDINGS, LLC
	 	SPP FUND II, LLC
	 	SPP FUND II-B, LLC
	 	SPP FUND III, LLC
	 	THERMAL CANADA INFRASTRUCTURE HOLDINGS LLC
	 	THERMAL HAWAII DEVELOPMENT HOLDINGS LLC
	 	UTAH SOLAR MASTER HOLDCO LLC
	 	WV WIND HOLDINGS LLC
	 	 
	 	 
	 	By: 	/s/ Christopher S. Sotos
	 	Name: Christopher S. Sotos
	 	Title:   President

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as Administrative Agent
	 	 
	 	 
	 	By: 	/s/Arina Mavilian
	 	Name: Arina Mavilian
	 	Title:   Authorized Signatory

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/Arina Mavilian
	 	Name: Arina Mavilian
	 	Title:   Authorized Signatory

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By: 	/Christopher J. Heitker
	 	Name: Christopher J. Heitker
	 	Title:   Director

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	BARCLAYS BANK PLC,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/
    Sydney G. Dennis
	 	Name: Sydney G. Dennis
	 	Title:   Director

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	CITIBANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By: 	/Ashwani Khubani
	 	Name: Ashwani Khubani
	 	Title:   Managing Director

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Keshia Leday
	 	Name: Keshia Leday
	 	Title:   Authorized Signatory

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Mikhail Faybusovich
	 	Name: Mikhail Faybusovich
	 	Title:   Authorized Signatory
	 	 
	 	By:	/s/ Michael Wagner
	 	Name: Michael Wagner
	 	Title:   Authorized Signatory

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	KEYBANK NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Renee M. Bonnell
	 	Name: Renee M. Bonnell
	 	Title:   Senior Vice President

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	MORGAN STANLEY SENIOR FUNDING, INC.
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Rikin Pandya
	 	Name: Rikin Pandya
	 	Title:   Vice President

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	MUFG UNION BANK, N.A. f/k/a UNION BANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Jeffrey Fesenmaier
	 	Name: Jeffrey Fesenmaier
	 	Title:   Managing Director

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]

 

     

     

    

 

	 	ROYAL BANK OF CANADA,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Frank Lambrinos
	 	Name: Frank Lambrinos
	 	Title:   Authorized Signatory

 

[Signature Page to Seventh Amendment to A&R Credit Agreement]amendmenttorightsagreeme

FIFTH AMENDMENT TO THE  RIGHTS AGREEMENT     This FIFTH AMENDMENT TO THE RIGHTS AGREEMENT, dated as of August 18,  2022 (this “Amendment”), by and between Old Republic International Corporation, a Delaware  corporation (the “Company”), and Equiniti Trust Company, as successor to Wells Fargo Bank,  N.A., as rights agent (the “Rights Agent”).  All capitalized terms used herein and not otherwise  defined herein shall have the meaning(s) ascribed to them in that certain Amended and Restated  Rights Agreement dated as of June 26, 1987, and amended by Amendment No. 1 dated May 15,  1997, Amendment No. 2 dated June 26, 2007, Amendment No. 3 dated November 19, 2007, and  Amendment No. 4 dated June 26, 2017 (as amended, the “Rights Agreement”), by and between  the Company and the Rights Agent.     WHEREAS, the Company and the Rights Agent are parties to the Rights Agreement; and     WHEREAS, pursuant to Section 27 of the Rights Agreement, the Company and the  Rights Agent desire to amend the Rights Agreement to accelerate the Final Expiration Date of  the Rights to August 18, 2022;     NOW, THEREFORE, in consideration of the promises and the mutual agreements herein  set forth, the parties hereto hereby agree as follows:    1. Amendment of Section 7(a).  Subclause (i) of the first sentence of Section 7(a) of the  Rights Agreement is hereby amended and restated to read in its entirety as follows:    “(i) the Close of Business on August 18, 2022 (the “Final Expiration Date”),”    2. Amendment of Exhibits.  The exhibits of the Rights Agreement shall be deemed amended  in a manner consistent with this Amendment.    3. Agreement as Amended.  The term “Agreement” as used in the Rights Agreement shall  be deemed to refer to the Rights Agreement, as amended. Except as set forth herein, the  Rights Agreement shall remain in full force and effect until the Final Expiration Date.    4. Severability.  If any term, provision, covenant or restriction of this Amendment is held by  a court of competent jurisdiction or other authority to be invalid, void or unenforceable,  the remainder of the terms, provisions, covenants and restrictions of this Amendment  shall remain in full force and effect and shall in no way be affected, impaired or  invalidated.    5. Governing Law.  This Amendment shall be deemed to be a contract made under the  internal laws of the State of Delaware and for all purposes shall be governed by and  construed in accordance with the laws of such State applicable to contracts to be made  and performed entirely within such State.    

 

-2-  6. Counterparts.  This Amendment may be executed in one or more counterparts, and by the  different parties hereto in separate counterparts, each of which when executed shall be  deemed to be an original, but all of which taken together shall constitute one and the  same instrument.  A signature to this Amendment transmitted electronically shall have  the same authority, effect and enforceability as an original signature.    7. Descriptive Headings.  The headings contained in this Amendment are for descriptive  purposes only and shall not affect in any way the meaning or interpretation of this  Amendment.        [Signature Page to Follow on Next Page]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]