Document:

Exhibit

Exhibit 10.45        

WAIVER AND SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT 

WAIVER AND SIXTH AMENDMENT TO LOAN AND SECURITY AGREEMENT, dated as of March 28, 2016 (this “Amendment”), to the Loan and Security Agreement, dated as of February 28, 2013, as amended by the First Amendment to Loan and Security Agreement dated as of March 28, 2013, the Second Amendment to Loan and Security Agreement dated as of July 9, 2014, the Consent and Third Amendment to Loan and Security Agreement dated as of April 17, 2015, the Fourth Amendment to Loan and Security Agreement dated as of August 10, 2015, and the Waiver and Fifth Amendment to Loan and Security Agreement dated as of November 10, 2015 (as amended, the “Loan Agreement”), among ACF FinCo I LP, as assignee of Keltic Financial Partners II, LP, a Delaware limited partnership (the “Lender”), Accountable Health Solutions, LLC, formerly known as Jefferson Acquisition, LLC, a Kansas limited liability company (“AHS”), and Hooper Holmes, Inc., a New York corporation (together with AHS, the “Borrowers”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement. 

W I T N E S S E T H:

WHEREAS, the Borrowers and the Lender are parties to the Loan Agreement, under which the Lender has agreed to make, and has made, Loans and other financial accommodations to the Borrowers on the terms and subject to the conditions set forth therein; 
WHEREAS, the Borrowers have requested that the Lender agree, and the Lender has agreed, to amend certain provisions of the Loan Agreement on the terms and conditions set forth herein;
 WHEREAS, the Borrowers are required to maintain a minimum amount of EBITDA for, among other periods, the consecutive twelve-month period ended December 31, 2015 (the “Specified EBITDA Requirement”); and
WHEREAS, the Borrowers have not met the Specified EBITDA Requirement, and the Borrowers have asked the Lender to waive, and the Lender has agreed to waive, the Borrowers’ compliance therewith on the terms and conditions set forth herein;
NOW, THEREFORE, the Lender and the Borrowers agree as follows:

SECTION 1.Waiver.  Effective as of the date hereof, subject to the terms and conditions hereof, including, without limitation, the satisfaction of the conditions of effectiveness specified in Section 3 hereof, the Lender waives the Borrowers’ failure to comply with the Specified EBITDA Requirement for, and only for, the consecutive twelve-month period ended December 31, 2015 (the “Specified Default”).

SECTION 2.    Amendment to the Loan Agreement.  Effective as of the date hereof, subject to the terms and conditions hereof, including, without limitation, the satisfaction 

of the conditions of effectiveness specified in Section 3 hereof, the Loan Agreement is amended as follows: 

(a)    Section 8.20 of the Loan Agreement is amended and restated as follows: 
“8.20 EBITDA.  Permit EBITDA as of and for:
(a)    The Three (3) consecutive calendar month period ending on March 31, 2016, to be less than Negative One Million Six Hundred Thousand and 00/100 Dollars ($1,600,000.00);
(b)    The Six (6) consecutive calendar month period ending on June 30, 2016, to be less than Negative Two Million and 00/100 Dollars ($2,000,000.00);
(c)    The Nine (9) consecutive calendar month period ending on September 30, 2016, to be less than Negative One Million One Hundred Thousand and 00/100 Dollars – ($1,100,000.00); and
(d)    The Twelve (12) consecutive calendar month period ending on December 31, 2016, and each Twelve (12) consecutive calendar month period ending on the last day of each Fiscal Quarter thereafter, to be less than Eight Hundred Thousand and 00/100 Dollars -- $800,000.00.”

SECTION 3.    Conditions of Effectiveness.  This Amendment shall become effective when, and only when, the Lender shall have received each of the following which, in the case of documents, shall be in form and substance satisfactory to the Lender and dated the date hereof or as of an earlier date acceptable to the Lender (the “Effective Date”):

(i)    a counterpart of this Amendment, Authenticated by the Borrowers;
(ii)    an acknowledgment and consent, in the form of Exhibit A hereto, Authenticated by each of the Guarantors; 
(iii)    payment of an amendment fee in the amount of $40,000, which shall be deemed fully earned as of the Effective Date and shall be non-refundable under any circumstance; and 
(iv)    payment of the costs and expenses (including, without limitation, attorneys’ fees) incurred by the Lender in connection with the preparation, execution and delivery of this Amendment and the agreements, instruments and documents delivered hereunder.
SECTION 4.    Representations and Warranties of the Borrowers.  Each of the Borrowers represents and warrants as follows:

(a)    No Default or Event of Default has occurred and is continuing other than the Specified Default, and all of the representations set forth in Article 5 of the Loan Agreement and in the other Loan Documents are true and complete as of the date of this Amendment (except any such representation which is as of a specified date, which is accurate and complete as of such date).

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(b)    The execution, delivery and performance by such Borrower of this Amendment and the agreements, instruments and other documents executed in connection herewith (i) are within such Borrower’s limited liability company or corporate power, (ii) have been duly authorized by all necessary or proper actions of or pertaining to such Borrower (including the consent of managers, members, directors, officers, or shareholders, as applicable), (iii) are not in contravention of (A) any agreement or indenture to which such Borrower is a party or by which such Borrower is bound, (B) such Borrower’s Charter Documents, (C) any provision of law, or (D) any order, writ, judgment, injunction, or decree of any court of competent jurisdiction binding on such Borrower or its property and (iv) do not require the consent or approval of any Governmental Unit or any other Person that has not been obtained and furnished to the Lender.

(c)    No authorization, approval or other action by, and no notice to or filing with, any Person is required for the due execution, delivery and performance by such Borrower of this Amendment or any of the agreements, instruments and other documents executed in connection herewith.

(d)    This Amendment and the Loan Agreement as amended hereby constitute the legal, valid and binding obligations of such Borrower enforceable against such Borrower in accordance with their respective terms except as enforceability may be limited by (i) bankruptcy, insolvency or similar laws affecting creditors’ rights generally and (ii) general principles of equity.
SECTION 5.    Further Assurances; Additional Equity Contributions.  
(a)    Each of the Borrowers agrees to execute such other and further documents and instruments as the Lender may reasonably request in its discretion to implement the provisions of this Amendment.
(b)    The Borrowers shall obtain equity contributions in an aggregate amount of not less than $4,000,000 during the period November 10, 2015 through June 30, 2016, which contributions shall remain as capital on account of the Equity Interests of the Borrowers and shall be subject to Section 8.7 of the Loan Agreement.
SECTION 6.    Reference to and Effect on the Loan Agreement.  

(a)    On and after the date hereof, each reference in the Loan Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” and words of like import, and each reference in the other Loan Documents to the Loan Agreement, shall mean and be a reference to the Loan Agreement as amended hereby.

(b)    Except as specifically waived or amended above, (i) the Loan Agreement and each other Loan Document shall remain in full force and effect and are hereby ratified and 

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confirmed by the parties hereto and (ii) the Lender shall not be deemed to have waived any rights or remedies it may have under the Loan Agreement, any other Loan Document or applicable law.

(c)    The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as an amendment to any right, power or remedy of the Lender under any of the Loan Documents, or constitute a waiver of or an amendment to any provision of any of the Loan Documents.

(d)    This Amendment constitutes a Loan Document.

SECTION 7.    Execution in Counterparts.  This Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same instrument.

SECTION 8.    GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND PERFORMED ENTIRELY IN SUCH STATE WITHOUT REGARD TO ITS PRINCIPLES OF CONFLICTS OF LAWS.
    
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective general partner or officer thereunto duly authorized, as of the date first above written.
LENDER:

ACF FINCO I LP, as assignee of Keltic Financial Partners II, LP

By: __/s/ Oleh Szczupak________________
       Oleh Szczupak
       Vice President

BORROWERS:

HOOPER HOLMES, INC.

		
	By:
	/s/ Henry E. Dubois             
Henry E. Dubois 
President

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ACCOUNTABLE HEALTH SOLUTIONS, LLC,
     formerly known as Jefferson Acquisition, LLC,
     a Kansas limited liability company

By:     /s/ Henry E. Dubois                            
      Henry E. Dubois    
      Chief Executive Officer and President

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EXHIBIT A

ACKNOWLEDGMENT AND CONSENT

Reference is hereby made to (i) the Waiver and Sixth Amendment to Loan and Security Agreement dated as of March 28, 2016 (the “Sixth Amendment”) among the Lender and the Borrowers and (ii) the Unconditional and Continuing Guaranty, dated as of February 28, 2013 (as amended, supplemented or otherwise modified from time to time, the “Guaranty”; capitalized terms defined or incorporated by reference therein being used herein as therein defined) by the undersigned Guarantors in favor of the Lender.  Each of the undersigned Guarantors hereby (i) acknowledges receipt of a copy of the Sixth Amendment, (ii) consents to the terms thereof and (iii) agrees that the terms and provisions thereof shall not affect in any way the obligations and liabilities of such Guarantor under the Guaranty and any other Loan Documents to which it is a party, all of which obligations and liabilities shall remain in full force and effect and each of which is hereby reaffirmed.

      GUARANTORS:

HOOPER DISTRIBUTION SERVICES, LLC
By: Hooper Holmes, Inc., its sole Manager

By:       ___/s/ Henry E. Dubois_________
             Henry E. Dubois
             President of Hooper Holmes, Inc.

                    
HOOPER INFORMATION SERVICES, INC.

By:       __/s/ Henry E. Dubois_________
             Henry E. Dubois
                         President

MID-AMERICA AGENCY SERVICES, INCORPORATED

By:       __/s/ Henry E. Dubois_________
             Henry E. Dubois
                         President

TEG ENTERPRISES, INC.   

By: /s/ Henry E. Dubois__
             Henry E. Dubois
             President 

HOOPER WELLNESS, LLC

By:       __/s/ Henry E. Dubois__________
             Henry E. Dubois
                         President

  
HOOPER KIT SERVICES, LLC, 
formerly Heritage Labs International, LLC
By: Hooper Holmes, Inc., its Sole Member

By:       __/s/ Henry E. Dubois___________
             Henry E. Dubois
             President of Hooper Holmes, Inc.

Dated as of March 28, 2016

-2-atls-ex1030b_470.htm

Exhibit 10.30(b)

AMENDMENT TO CREDIT AGREEMENT

 

THIS AMENDMENT TO CREDIT AGREEMENT (this “Agreement”), dated as of August 24, 2015, is by and among Atlas Energy Group, LLC, a Delaware limited liability company (the “Parent”), New Atlas Holdings, LLC, a Delaware limited liability company (the “Borrower”), the Lenders party hereto  and Riverstone Credit Partners, L.P., as Administrative Agent (the “Administrative Agent”) for the lenders party to the Credit Agreement referred to below (the “Lenders”).

 

RECITALS:

 

A.The Borrower, the Parent, the Lenders and the Administrative Agent are parties to that certain Credit Agreement, dated as of August 10, 2015 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”), pursuant to which the Lenders have provided certain Commitments (subject to the terms and conditions thereof) to the Borrower. 

 

B.The Borrower has requested that the Administrative Agent and Majority Lenders, and the Administrative Agent and the Lenders party hereto (pursuant to the terms hereof) have agreed to, amend the Credit Agreement as more specifically described herein.

 

C.The Lenders signatory hereto and the Administrative Agent are willing to consent to such accommodation under the Credit Agreement, as more fully described herein, and upon satisfaction of the conditions set forth herein, this Agreement shall become effective as of the Effective Date.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION 1.Capitalized Terms.  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.

 

SECTION 2.Amendment to Credit Agreement. In reliance on the representations, warranties, covenants and agreements contained in this Agreement, and subject to the terms and conditions contained herein, the parties hereto hereby agree that: 

 

(a)Section 1.02 of the Credit Agreement is hereby amended by amending and restating the definition of “Atlas Lightfoot Component” and “Asset Value” in their entirety to read as follows:

 

“Atlas Lightfoot Component” means, as of the determination date, an amount equal to the fair market value of the Equity Interests in Lightfoot Capital Partners, LP directly held by Atlas Lightfoot. For purposes of this definition, “fair market value” will be that value determined in good faith by the Board of Directors of the Parent and acceptable to the Administrative Agent and based, among other things, on the Arc Logistics Unit Price at such time, the number of common units representing limited partnership interests in Arc Logistics Partners LP held by Lightfoot Capital Partners, LP, and the aggregate principal amount of Debt for which Lightfoot Capital Partners, LP is then obligated; provided that if Atlas Lightfoot does not grant to the Administrative Agent a security interest and perfected first priority Lien in the Equity Interests of Lightfoot Capital Partners, LP on or before November 30, 2015 in the manner specified in Section 8.12(b), then the fair market value of such Equity Interests shall be zero after such date and until a security interest and first priority Lien in such Equity Interests is granted in the manner specified in Section 8.12(b).  

 

“Asset Value” means, as of the determination date, the sum of (a) Liquidity, (b) the ARP Component, (c) the ARP GP Component, (d) Atlas Lightfoot Component, (e) the Arc Logistics Component, (f) the Atlas Lightfoot 

GP Component, (g) the Atlas Growth Partners GP Component, (h) the Other Midstream GP Component (if any), (i) the Other Upstream GP Component (if any) and (j) the Parent Component.

(b)Section 1.02 of the Credit Agreement is hereby amended by incorporating the following definition in appropriate alphabetical order:

 

“Arc Logistics Component” means, as of the determination date, an amount equal to the aggregate of the product of (a) the number common units representing limited partnership interests in Arc Logistics Partners LP directly held by a Loan Party that are subject to a perfected first priority Lien in favor of the Administrative Agent for the benefit of the Secured Creditors pursuant to the Loan Documents (which Lien is perfected by “control” in accordance with the applicable Uniform Commercial Code including, without limitation, Section 8.106, 9.106 and 9.314 thereof)  as of such day multiplied by (b) the Arc Logistics Unit Price as of such day. 

(c)Section 8.12(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

Atlas Lightfoot shall use commercially reasonable efforts to (i) pledge and grant a perfected first priority Lien to the Administrative Agent for the benefit of the Secured Creditors on all of its right, title and interest in and to (A) all of the Equity Interests issued by Lightfoot Capital Partners, LP or (B) the 625,275 common units of Arc Logistics Partners LP held by Lightfoot Capital Partners, LP, in the case of each of clauses (A) and (B), which pledge shall be in a manner and pursuant to documentation satisfactory to the Administrative Agent in its sole discretion, and (ii) obtain all authorizations and consents with respect to the pledge and transfer of such Equity Interests  required by the Administrative Agent, and in scope and form acceptable to the Administrative Agent in its sole discretion, in the case of each of clauses (i) and (ii), on or before November 30, 2015.

 

(d)Exhibit D-2 to the Credit Agreement is hereby amended and restated in its entirety as attached hereto as Annex 1.

 

SECTION 3.Condition to Effectiveness.  This Agreement shall become effective on the date (the “Effective Date”) on which the Administrative Agent shall have received executed counterparts (in such number as may be requested by the Administrative Agent) of this Agreement from the Borrower, the Parent, the Administrative Agent and the Majority Lenders.

 

SECTION 4.Miscellaneous.  

 

(a)Confirmation.  The provisions of the Loan Documents, as waived or otherwise modified hereby, shall remain in full force and effect in accordance with their terms following the effectiveness of this Agreement, without any other waiver, amendment or modification thereof.

 

(b)Ratification and Affirmation; Representations and Warranties.  Each of the undersigned does hereby adopt, ratify, and confirm the Credit Agreement and the other Loan Documents to which it is a party, as modified hereby, and its obligations thereunder.  Each of the Borrower and the Parent hereby (i) acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly modified hereby and (ii) represents and warrants to the Lenders that: (1) as of the date hereof, after giving effect to the terms of this Agreement, all of the representations and warranties contained in the Credit Agreement and each Loan Document to which it is a party are true and correct, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date hereof, such representations and warranties shall continue to be true and correct as of such specified earlier date and (2) immediately after giving effect to this Agreement, no Default or Event of Default will have occurred and be continuing.

 

(c)Loan Document.  This Agreement and each agreement, instrument, certificate or document executed by the Borrower and the Parent or any of their officers in connection therewith are “Loan Documents” as 

2

 

 

defined and described in the Credit Agreement and all of the terms and provisions of the Loan Documents relating to other Loan Documents shall apply hereto and thereto. 

 

(d)Miscellaneous.  This Agreement (i) shall be binding upon and inure to the benefit of the Loan Parties, the Lenders and the Administrative Agent and their respective successors and assigns (provided, however, no party may assign its rights hereunder except in accordance with the Credit Agreement), (ii) may be modified or amended only in accordance with the Credit Agreement and (iii) may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed signature page to this Agreement by facsimile transmission or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

 

(e)GOVERNING LAW.  THIS AGREEMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

 

[Signature pages follow]

 

 

3

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first written above.

 

	
NEW ATLAS HOLDINGS, LLC, as Borrower
ATLAS ENERGY GROUP, LLC, as Parent

	
 
	
 
	
 

	
 
	
By:
	
/s/ Sean McGrath

	
 
	
Name:
	
Sean McGrath

	
 
	
Title:
	
Chief Financial Officer and
Authorized Signatory

 

 

 

[Signature Page to Amendment to Credit Agreement]

 

	
RIVERSTONE CREDIT PARTNERS, L.P.,
as Administrative Agent and as Lender

 

	
By: RCP F1 GP, L.P.,  its general partner

 

	
By: RCP F1 GP, L.L.C., its general partner

 

	
By:
	
/s/ Jamie Brodsky

	
Name:
	
Jamie Brodsky

	
Title:
	
Managing Director

 

 

 

[Signature Page to Amendment to Credit Agreement]

 

	
AEG ASSET MANAGEMENT, LLC,
as a Lender

	
 
	
 

	
By:
	
/s/ Sean McGrath

	
Name:
	
Sean McGrath

	
Title:
	
 

 

 

 

[Signature Page to Amendment to Credit Agreement]

 

 

 

	
THE LEON AND TOBY COOPERMAN FAMILY FOUNDATION,
as a Lender

	
 
	
 

	
By:
	
/s/ Leon G. Cooperman

	
Name:
	
Leon G. Cooperman

	
Title:
	
Trustee

 

 

 

 

[Signature Page to Amendment to Credit Agreement]

 

 

 

Annex 1

 

Exhibit D-2

(see attached)

 

 

 

 

EXHIBIT D-2

FORM OF COMPLIANCE CERTIFICATE FOR ASSET COVERAGE RATIO

The undersigned, a Financial Officer of the Borrower, hereby certifies that he/she is the [___________] of New Atlas Holdings, LLC, a Delaware limited liability company (the “Borrower”), and that as such he/she is authorized to execute this certificate on behalf of the Borrower.  With reference to the Credit Agreement dated as of August 10, 2015 (together with all amendments, restatements, supplements or other modifications thereto being the “Credit Agreement”), among Atlas Energy Group, LLC (the “Parent”), a Delaware limited liability company, the Borrower, Riverstone Credit Partners, L.P., as Administrative Agent, and the lenders (the “Lenders”) from time to time party thereto, the undersigned represents and warrants as follows (each capitalized term used herein having the same meaning given to it in the Credit Agreement unless otherwise specified):

[Use following paragraph 1 for compliance for quarters ended September 30, 2015, December 31, 2015, March 31, 2016, and June 30, 2016]

1.Attached hereto as Schedule 1 are reasonably detailed calculations demonstrating compliance with Section 9.01(c) of the Credit Agreement.

[Use following paragraph 1 for compliance for months ended July 31, 2016, and thereafter]

1.Attached hereto as Schedule 1 are reasonably detailed calculations demonstrating compliance with Section 3.04(c)(i)(B) of the Credit Agreement.

[Use following paragraph 2 for if the Borrower does not meet the Asset Coverage Ratio set forth in Section 3.04(c) of the Credit Agreement]

2.[The Borrower will prepay the principal of any Loans outstanding hereunder necessary to achieve an Asset Coverage Ratio greater than or equal to 2.00 to 1.00 by [date].] [The Borrower will provide the Administrative Agent, for the benefit of the Secured Creditors, a perfected Lien on additional Oil and Gas Properties sufficient in value to remedy such non-compliance by [date].]

 

D-2-1

 

EXECUTED AND DELIVERED this _____ day of [________], 20[__].

 

	
New Atlas Holdings, LLC

	
 
	
 

	
By:
	
 

	
Name:
	
 

	
Title:
	
 

 

D-2-2

 

 

Schedule 1

	
Asset Coverage Ratio.

	
A.
	
Asset Value:
	
 

	
 
	
1.
	
Liquidity:
	
1. $__________

	
 
	
2.
	
ARP Component:

(i) The number of ARP Units (other than the ARP A Units) constituting Qualifying ARP Units as of such day:

_________________

multiplied by 

the ARP Unit Price as of such day:

$_________________;

plus

(ii) the ARP A Unit Amount as of such day:

_________________

multiplied by 

the ARP Unit Price as of such day:

$_________________.
	
 

 

 

 

 

 

 

 

 

 

 

 

2. $__________

	
 
	
3.
	
ARP GP Component:

Cash dividends or cash distributions actually received by the Parent during such twelve calendar months on ARP A Units:

$_________________

multiplied by

17.5.
	
 

 

 

 

 

3. $__________

D-2-3

 

 

	
 
	
4.
	
Atlas Lightfoot Component:

An amount equal to

(i) the fair market value of the Equity Interest in Lightfoot Capital Partners LP

(ii) directly held by Atlas Lightfoot 

For purposes of the Atlas Lightfoot Component, “fair market value” will be that value determined in good faith by the Board of Directors of the Parent and acceptable to the Administrative Agent and based, among other things, on:

(i) the number of common units representing limited partnership interests in Arc Logistics Partners LP held by Lightfoot Capital Partners, LP:

_________________

multiplied by

the Arc Logistics Unit Price at such time:

$_________________

and 

(ii) the aggregate principal amount of Debt for which Lightfoot Capital Partners, LP is then obligated:

$_________________.

If Atlas Lightfoot does not grant to the Administrative Agent a security interest and perfected first priority Lien in the Equity Interests of (i) Lightfoot Capital Partners, on or before November 30, 2015 in the manner and as required by Section 8.12(b), the fair market value of such Equity Interests shall be zero until such perfected first priority Lien is granted to the Administrative Agent.
	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4. $__________

	
 
	
5.
	
Arc Logistics Component:

(i) The number of equity interests of  Arc Logistics Partners, LP held by a Loan Party that are subject to a perfected first priority Lien in favor of the Administrative Agent for the benefit of the Secured Creditors pursuant to the Loan Documents (which Lien is perfected by “control” in accordance with the applicable Uniform Commercial Code including, without limitation, Section 8.106, 9.106 and 9.314 thereof) as of such day:

_________________

multiplied by 

the Arc Logistics Unit Price as of such day:

$_________________

 
	
 

 

 

 

 

 

 

 

 

 

5. $__________

	
 
	
6.
	
Atlas Lightfoot GP Component:

Cash dividends and distributions actually received by a Loan Party on account of its Equity Interests in Lightfoot Capital Partners GP LLC during such twelve calendar months:

$_________________

multiplied by

20.
	
 

 

 

 

 

6. $__________

	
 
	
7.
	
Atlas Growth Partners GP Component:

Cash dividends or cash distributions actually received by Atlas Growth Partners GP during such twelve calendar months on account of its general partnership interest in Atlas Growth Partners:

$_________________

multiplied by

17.5.
	
 

 

 

 

 

 

7. $__________

D-2-4

 

 

	
 
	
8.
	
Other Midstream GP Component (if any):

Cash dividends or distributions actually received by a Loan Party on account of its Equity Interests in any other Person (other than a Loan Party) engaged in Midstream Activities during such twelve calendar months: 

$_________________

multiplied by

20.
	
 

 

 

 

 

 

8. $__________

	
 
	
9.
	
Other Upstream GP Component (if any):

Cash dividends or distributions actually received by a Loan Party on account of its Equity Interests in any Person (other than a Loan Party) engaged in Upstream Activities during such twelve calendar months:

$_________________

multiplied by 

17.5.
	
 

 

 

 

 

 

9. $__________

	
 
	
10.
	
Parent Component:

The sum of 

(i) with respect to any Proved Reserves directly owned by the Parent, the Present Value of such reserves as specified in the most recent Reserve Report delivered pursuant to this Agreement and net, for the avoidance of doubt, of all Reserves subject to any production payment:

$_________________

and 

(ii) in the case of all other Oil and Gas Properties or Midstream Assets directly owned by the Parent, the fair market value of such property as determined by a third party valuation firm satisfactory to the Administrative Agent:

$_________________.
	
 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. $_________

	
 
	
11.
	
Asset Value: 

Lines A.1 + A.2 +A.3 + A.4 + A.5 + A.6 + A.7 + A.8 + A.9.+A.10
	
 

 

11. $_________

	
B.
	
Total Funded Debt
	
B. $__________

	
C.
	
Asset Coverage Ratio (Line A.11 ÷ Line B):
	
C. _____ to 1.00

	
Minimum Required:
	
[1.75][2.00] to 1.00

 

D-2-5

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