Document:

Document

CUSTOMERS BANK
Death Benefit Plan
			
	

CUSTOMERS BANK
DEATH BENEFIT PLAN

Pursuant to due authorization by its Board of Directors, the undersigned, CUSTOMERS BANK, did constitute, establish and adopt the following Death Benefit Plan (the “Plan”), effective October 23, 2019.

The purpose of the Plan is to attract, retain, and reward highly qualified employees of the Bank, by providing death benefits to the designated beneficiary of each participating employee. The Bank will pay the death benefits from its general assets.

This Plan provides a taxable death benefit to a Participant’s designated Beneficiary.

ARTICLE 1
DEFINITIONS

Whenever used in the Plan, the following terms shall have the meanings specified:

1.1. “Bank” means CUSTOMERS BANK, a commercial bank with headquarters in Phoenixville, PA.

1.2. “Beneficiary” means, with respect to a Participant, the person or persons designated by the Participant as entitled to benefits under the Plan, if any, upon the death of a Participant.

1.3. “Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that a Participant completes, signs and returns to the Plan Administrator to designate one or more Beneficiaries.

1.4. “Board” means the Board of Directors of the Bank as from time to time constituted.

1.5. “Election to Participate” means the form required by the Plan Administrator of an eligible employee to indicate acceptance of participation in the Plan.

1.6. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

1.7. “Participant” means an employee (i) who is selected to participate in the Plan, (ii) who elects to participate in the Plan, (iii) who signs an Election to Participate and a Beneficiary Designation Form, (iv) whose signed Election to Participant and Beneficiary Designation Form are accepted in writing by the Plan Administrator, (v) who commences participation in the Plan, and (vi) whose Participation has not terminated.

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1.8. “Participant’s Interest” means the interest set forth in Section 2.4.

1.9. “Plan” means the Customers Bank Death Benefit Plan as set forth herein and as amended from time to time.

1.10. “Plan Administrator” means the plan administrator described in Article 6.

1.11. “Termination of Employment” means that the Participant ceases to be employed by the Bank for any reason, voluntary or involuntary, other than by reason of (1) the Participant’s leave of absence approved by the Bank, (2) the Participant’s suffering a disability that entitles the Participant to long-term disability benefits under the Bank’s long-term disability plan or (3) the Participant’s death.

ARTICLE 2
PARTICIPATION AND BENEFITS

2.1. Selection by Plan Administrator.  Participation in the Plan shall be limited to those employees of the Bank selected by the Plan Administrator, in its sole discretion, to participate in the Plan.

2.2. Enrollment Requirements.  As a condition to participation, each selected employee shall complete, execute and return to the Plan Administrator (i) an Election to Participate, and (ii) a Beneficiary Designation Form.  In addition, the Plan Administrator shall establish from time to time such other enrollment requirements as it determines in its sole discretion are necessary for purposes of Plan administration, including, but not limited to, cooperating with the Plan Administrator if it decides to purchase insurance on the Participant’s life for purposes of the Plan.

2.3. Eligibility; Commencement of Participation.  Provided an employee selected to participate in the Plan has met all enrollment requirements set forth in the Plan and required by the Plan Administrator, that employee will be covered by the Plan and will be eligible to receive benefits at the time and in the manner provided hereunder, subject to the provisions of the Plan.

2.4. Participant’s Interest.  Upon the Participant’s death before a Termination of Employment, the Bank shall pay the Participant’s designated Beneficiary the amount stated on the Election to Participate form.  The benefit shall be paid to the Beneficiary in a lump sum within sixty (60) days following the Participant’s death.

2.5. Termination of Participation.  A Participant’s rights under the Plan shall cease and his or her participation in the Plan shall terminate upon Termination of Employment for any reason or, with respect to a Participant whose Beneficiary is entitled to benefits under the Plan, upon payment of such benefit.

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ARTICLE 3
BENEFICIARIES

3.1. Beneficiary Designation.  A Participant shall have the right, at any time, to designate a Beneficiary to receive any benefits payable under the Plan to a Beneficiary upon the death of the Participant.  The Beneficiary designated under the Plan may be the same as or different from the Beneficiary designation under any other plan of the Bank in which the Participant participates.

3.2. Beneficiary Designation: Change.  The Participant shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent.  The Participant’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Participant or if the Participant designates a spouse as Beneficiary and the marriage is subsequently dissolved. The Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time.  Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled.  The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Participant and accepted by the Plan Administrator prior to the Participant’s death.

3.3. Acknowledgment.  No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan Administrator or its designated agent.

3.4. No Beneficiary Designation. If a Participant dies without a valid beneficiary designation, or if all designated Beneficiaries predecease such Participant, then such Participant’s surviving spouse shall be the Participant’s designated Beneficiary.  If the Participant has no surviving spouse, the benefits shall be paid to the Participant’s estate.

3.5. Facility of Payment. If the Plan Administrator determines in its discretion that a benefit is to be paid to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of that person’s property, the Plan Administrator may direct payment of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person.  The Plan Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit.  Any payment of a benefit shall be a payment for the account of the Participant and the Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount.

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ARTICLE 4
CLAIMS AND REVIEW PROCEDURE

4.1. Claims Procedure.  A Participant or Beneficiary who has not received benefits under the Plan that he or she believes should be paid (“Claimant”) may make a claim for such benefits as follows:

4.1.1 Initiation – Written Claim.  The Claimant initiates a claim by submitting to the Plan Administrator a written claim for the benefits.

4.1.2 Timing of Plan Administrator Response.  The Plan Administrator shall respond to such Claimant within ninety (90) days after receiving the claim.  If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator may extend the response period by an additional ninety (90) days by notifying the Claimant in writing, prior to the end of the initial 90-day period, that an additional period is required.  The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

4.1.3 Notice of Decision.  If the Plan Administrator denies all or part of the claim, the Plan Administrator shall notify the Claimant in writing of such denial.  The Plan Administrator shall write the notification in a manner calculated to be understood by the Claimant. The notification shall set forth:

(a) The specific reasons for the denial;

(b) A reference to the specific provisions of the Plan on which the denial is based;

(c) A description of any additional information or material necessary for the Claimant to perfect the claim and an explanation of why it is needed;

(d) An explanation of the Plan’s review procedures and the time limits applicable to such procedures; and

(e) A statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review.

4.2. Review Procedure.  If the Plan Administrator denies part or the entire claim, the Claimant shall have the opportunity for a full and fair review by the Plan Administrator of the denial, as follows:

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4.2.1 Initiation – Written Request.  To initiate the review, the Claimant, within 60 days after receiving the Plan Administrator’s notice of denial, must file with the Plan Administrator a written request for review.

4.2.2 Additional Submissions – Information Access.  The Claimant shall then have the opportunity to submit written comments, documents, records and other information relating to the claim.  The Plan Administrator shall also provide the Claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits.

4.2.3 Considerations on Review.  In considering the review, the Plan Administrator shall take into account all materials and information the Claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.

4.2.4 Timing of Plan Administrator’s Response.  The Plan Administrator shall respond in writing to the Claimant within sixty (60) days after receiving the request for review.  If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator may extend the response period by an additional sixty (60) days by notifying the Claimant in writing, prior to the end of the initial 60-day period that an additional period is required.  The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

4.2.5 Notice of Decision. The Plan Administrator shall notify the Claimant in writing of its decision on review.  The Plan Administrator shall write the notification in a manner calculated to be understood by the Claimant.  The notification shall set forth:

(a) The specific reasons for the denial;

(b) A reference to the specific provisions of the Plan on which the denial is based;

(c) A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and

(d) A statement of the Claimant’s right to bring a civil action under ERISA Section 502(a).

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ARTICLE 5
AMENDMENTS AND TERMINATION

5.1. Amendment or Termination of Plan.  The Bank may amend or terminate the Plan for all Participants or for any Participant at any time prior to a Participant’s death provided, however, that no such action shall deprive a Participant or Beneficiary of the Participant’s Interest as of the date of such action.  Amendment or termination shall be by action of the Board and written notice to the Participant(s).
  
5.2. Waiver of Participation.  A Participant may, in the Participant’s sole and absolute discretion, waive his or her rights under the Plan at any time. Any waiver permitted under this Section 5.2 shall be in writing and delivered to the Plan Administrator.

ARTICLE 6
ADMINISTRATION

6.1. Plan Administrator Duties.  The Plan shall be administered by the Plan Administrator, which shall consist of the Board, or such individual or individuals acting as a committee as the Board may appoint. Members of the Plan Administrator may be Participants under the Plan.  The Plan Administrator shall also have the discretion and authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the administration of the Plan and (ii) decide or resolve any and all questions including interpretations of the Plan, as may arise in connection with the Plan.

6.2. Agents. In the administration of the Plan, the Plan Administrator may employ agents and delegate to them such administrative duties as it sees fit, (including acting through a duly appointed representative), and may from time to time consult with counsel who may be counsel to the Bank.

6.3. Binding Effect of Decisions.  The decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan.

6.4. Indemnity of Plan Administrator.  The Bank shall indemnify and hold harmless the members of the Plan Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to the Plan, except in the case of willful misconduct by the Plan Administrator or any of its members.

6.5. Information.  The Bank shall supply full and timely information to the Plan Administrator on all matters relating to the administration of the Plan, and such other pertinent information as the Plan Administrator may reasonably require.

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ARTICLE 7
MISCELLANEOUS

7.1. Unsecured General Creditor.  Participants and their Beneficiaries, successors and assigns shall have no legal or equitable rights, interests or claims in any property or assets of the Bank.  Any and all of the Bank’s assets shall be, and remain, the general, unpledged unrestricted assets of the Bank.  The Bank’s obligation under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future.

7.2. Not a Contract of Employment.  The terms and conditions of the Plan shall not be deemed to constitute a contract of employment between the Bank and the Participant. Nothing in the Plan shall be deemed to give a Participant the right to be retained in the service of the Bank or to interfere with the right of the Bank to discipline or discharge the Participant at any time.

7.3. Participation in Other Plans.  Nothing herein contained shall be construed to alter, abridge, or in any manner affect the rights and privileges of the Participant to participate in and be covered by any pension, profit sharing, group insurance, bonus or similar employee plans which the Bank may now or hereafter maintain.

7.4. Alienability.  A Participant’s Interest may not be transferred, assigned, anticipated, hypothecated, mortgaged, commuted, modified, or otherwise encumbered in advance of the payment of benefits payable hereunder, nor shall any of such benefits be subject to seizure for the payment of any debts, judgments, alimony, or separate maintenance owed by the Participant or the Beneficiary to be transferable by operation of law in the event of bankruptcy, insolvency, or otherwise.  In the event the Participant or any Beneficiary attempts assignment, commutation, hypothecation, transfer, or disposal of the benefit hereunder, the Bank’s liabilities shall forthwith cease and terminate.

7.5. Successors.  The provisions of the Plan shall bind and inure to the benefit of the Bank and its successors and assigns and the Participant and the Beneficiary.

7.6. Interpretation. Wherever the fulfillment of the intent and purpose of the Plan requires, and the context will permit, the use of the masculine gender includes the feminine and use of the singular includes the plural.

7.7. Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator to perform any act required by the Plan, the Bank or Plan Administrator may in its discretion perform such alternative act as most nearly carries out the intent and purpose of the Plan and is in the best interests of the Bank.

7.8. Applicable Law. Subject to ERISA, the provisions of the Plan shall be construed and interpreted in accordance with the laws of the Commonwealth of Pennsylvania without regard to its conflict of law principles.

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7.9. Headings. Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of any of its provisions.

7.10. Furnishing Information.  A Participant and his or her Beneficiary will cooperate with the Plan Administrator by furnishing any and all information requested by the Plan Administrator and take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits hereunder, including but not limited to taking such physical examinations as the Plan Administrator may deem necessary.

7.11. Validity.  In case any provision of the Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but the Plan shall be construed and enforced as if such illegal and invalid provision has never been inserted herein.

7.12. Notice.  Any notice or filing required or permitted to be given to the Plan Administrator under the Plan shall be sufficient if in writing and hand-delivered, or sent by registered or certified mail, to the address below:

			
	1015 Penn Avenue #103
	Wyomissing, PA 19610
	

Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or the receipt for registration or certification.

Any notice or filing required or permitted to be given to a Participant under the Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known address of the Participant.

IN WITNESS WHEREOF, the Bank has caused the Plan to be duly executed by an appropriate officer and its corporate seal affixed at Phoenixville, PA, on October 23, 2019.

						
		CUSTOMERS BANK
	By:	/s/Carla A. Leibold
		EVP, CFO and Treasurer

ATTEST

By: /s/ Michael DeTommaso                                      
        Secretary
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4246466v.1Exhibit 4.18

      

      

      

      SECOND AMENDMENT TO CREDIT AND GUARANTY AGREEMENT, dated as of August 2, 2019 (this "Amendment"), among (i) Atlantica Yield PLC, as borrower (the "Borrower")
            under the Credit and Guaranty Agreement, dated as of May 10, 2018 (as amended, amended and restated, supplemented or otherwise modified from time to time, the "Credit Agreement"), among the Borrower, the Guarantors, the L/C Issuers, the Lenders and the Administrative Agent (each as defined below), (ii) the guarantors party to the Credit Agreement (the "Guarantors"), (iii) Royal Bank of Canada and Canadian Imperial Bank of Commerce, London Branch, as L/C Issuers (the "L/C Issuers"), (iv) the lenders party to the Credit Agreement (the "Lenders") and (v) Royal Bank of Canada, as administrative agent for
            the Lenders (in such capacity, the "Administrative Agent").

      

      

      WHEREAS, the Borrower has requested the Administrative Agent and the Lenders to (i) extend the Maturity Date (as defined in the Credit Agreement) to December 31, 2022 and (ii) increase the
        Aggregate Commitments by an amount of U.S.$125,000,000 (the "New Commitments"), and the Lenders are agreeable to such request upon the terms and subject to the conditions set forth herein.

      

      

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

      

      

      ARTICLE I

       

      RATIFICATION; DEFINITIONS AND RULES OF CONSTRUCTION

      

      

      Section 1.1          Relation to Credit Agreement; Ratification.  This Amendment is entered into in accordance with Section 11.01
          of the Credit Agreement and constitutes an integral part of the Credit Agreement.  Except as amended by this Amendment, the provisions of the Credit Agreement are in all respects ratified and confirmed and shall remain in full force and effect.

      

      

      Section 1.2          Definitions.  Unless otherwise defined herein, terms defined in the Credit Agreement (as amended by this
          Amendment) are used herein as therein defined, and the rules of interpretation set forth in Section 1.02 of the Credit Agreement shall apply mutatis mutandis to this Amendment.

       

      ARTICLE II

       

      AMENDMENT TO CREDIT AGREEMENT

      

      

      Section 2.1          Amendment to Credit Agreement.  The parties hereto hereby agree that, effective as of the Amendment No. 2
          Effective Date (as defined below),

       

      (a)          Section 1.01 of the Credit Agreement is hereby amended by,

       

      (i)          adding the definition of the following terms in the corresponding alphabetical order:

       

      
        

        
          

      

      
      ""Amendment No. 2 Effective Date" shall have the
          meaning ascribed to such term in the Second Amendment to Credit and Guaranty Agreement.

       

      "BHC Act Affiliate" of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such
        party.

       

      "Covered Entity" means any of the following:  (i) a "covered entity" as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
        252.82(b); (ii) a "covered bank" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a "covered FSI" as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

       

      "Default Right" has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as
        applicable.

       

      "QFC" has the meaning assigned to the term "qualified financial contract" in, and shall be interpreted in
        accordance with, 12 U.S.C. 5390(c)(8)(D).

       

      "Reduction Date" means December 31, 2021.

       

      "Second Amendment to Credit and Guaranty Agreement" means the Second Amendment to Credit and Guaranty Agreement, dated as of August 2, 2019, among the Borrower, the Guarantors, the Lenders, the L/C Issuers and the Administrative Agent.

       

      "Specified Commitments" means the used and unused Commitments as of the Amendment No. 2 Effective Date of all Specified Lenders (as adjusted as a result of a Commitment reduction pursuant to Section 2.05(a) or the assignment thereof pursuant to Section 11.06).

       

      "Specified Lenders" means BARCLAYS BANK PLC, in its capacity as Lender as of the Amendment No. 2 Effective Date, and any permitted assignee thereof of its rights and obligations in respect of its Specified Commitment and its Loans
          associated therewith."

       

      (ii)          replacing the definition of the term "Maturity Date" in its entirety with the following:

       

      ""Maturity Date" means December 31, 2022."

       

      
        

        2

        
          

      

      (b)          Section 2.04(b) of the Credit Agreement is hereby amended by adding the following new clause (v) at the end thereof:

       

      "(v) Anything herein to the contrary notwithstanding, including Section 2.04(b)(iv), on the Reduction Date the Borrower shall prepay in full, and without
          duplication, all Loans made or acquired, as applicable, by the Specified Lenders, but solely in respect of the Specified Commitments, and that remain outstanding on such date, together with all other Obligations owed to the Specified Lenders in
          respect thereof; and any prepayment made by the Borrower in accordance with this Section 2.04(b)(v) shall be applied to the prepayment of such Loans only (and not as set forth under clause (iv) above), and the Specified Lenders shall not be
          required to share any portion of such prepayment with any other Lender or L/C Issuer pursuant to Section 2.12.  All Lenders and L/C Issuers hereby agree and acknowledge to the foregoing."

       

      (c)          Section 2.05 of the Credit Agreement is hereby amended by adding the following new paragraph at the end of clause (b) thereof:

       

      "Anything herein to the contrary notwithstanding, the Specified Commitments shall be automatically and permanently terminated on the date which is ten days prior
          to the Reduction Date, and the Availability Period solely in respect of the Specified Commitments shall be deemed expired on such date."

       

      (d)          Section 2.05(c) of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with the following:

      

      

      "(c)          Application of Commitment Reductions; Payment of Fees. The Administrative Agent
          will promptly notify the Lenders of any termination or reduction of the Commitments under this Section 2.05.  Upon any reduction of the Commitments (other than a reduction of the Specified Commitments pursuant to Section 2.05(b)), the Commitment
          of each Lender shall be reduced by such Lender's Applicable Percentage of such reduction amount. All fees in respect of the Facility accrued until the effective date of any termination of the Facility shall be paid on the effective date of such
          termination."

       

      (e)          Section 2.12 of the Credit Agreement is hereby amended by deleting clause (ii) of the proviso thereto and replacing it in its
          entirety with the following:

       

      "(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of
          this Agreement (including the application of funds arising from the existence of a Defaulting Lender or the application of funds pursuant to Section 2.04(b)(v)), or (y) any payment obtained by a Lender as consideration for the assignment of or
          sale of a participation in any of its Loans to any assignee or participant, other than an assignment to the Borrower or any Affiliate thereof (as to which the provisions of this Section shall apply)."

       

      

      
        

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      (f)          Section 11.01 of the Credit Agreement is hereby amended by adding the following new paragraph at the end thereof:

       

      "Notwithstanding anything to the contrary herein, any amendment, waiver or consent in connection with (a) any of the following terms: "Amendment No. 2 Effective
          Date," "Reduction Date," "Second Amendment to Credit and Guaranty Agreement," "Specified Commitments" or "Specified Lenders" or (b) Section 2.04(b)(v), the last paragraph of Section 2.05(b), Section 2.05(c), clause (ii) of the proviso to Section
          2.12 or this paragraph, shall not be effective unless in writing signed by the Required Lenders, the Specified Lenders and the Borrower."

       

      (g)          Article XI of the Credit Agreement is hereby amended by adding the following new Section 11.23 (Acknowledgement Regarding Any Supported QFCs) at the end thereof:

       

      "11.23 Acknowledgement Regarding Any Supported QFCs. To the extent that
          the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of
          the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents
          and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

       

      In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit
          Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent
          as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of
          the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported
          QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the
          Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in
          no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support."

       

        

      
        

        4

        
          

      

      (h)          Schedule 2.01 of the Credit Agreement is hereby amended by replacing it in its entirety with Annex I hereto; provided that, for all purposes under the Credit Agreement:

       

      (i)          "New Commitments" shall mean the increase to the Commitments pursuant to the terms hereof,
          and the term "New Commitments" under Section 1.01 of the Credit Agreement shall be deemed amended accordingly; and

       

      (ii)          "New Loan" shall mean each Loan made under the New Commitments, and the term "New Loans"
          under Section 1.01 of the Credit Agreement shall be deemed amended accordingly.

       

      ARTICLE III

       

      CONDITIONS TO EFFECTIVENESS; OTHERS

      

      

      Section 3.1          Conditions to Effectiveness.  This Amendment shall become effective on the date each of the following conditions
          precedent is satisfied (such date, the "Amendment No. 2 Effective Date"): (a) the Administrative Agent has received a true, correct and complete copy of this Amendment, duly executed and delivered by a duly authorized officer of each party
          hereto and (b) the Administrative Agent has received evidence that the Borrower, as pledgor, and ABY Concessions Infrastructures, S.L.U., as company, under each Initial Pledge Agreement governed by Spanish Law, have entered into each public or
          private documents as may be necessary to formalize the extension and ratification of such Initial Pledge Agreements in connection with the amendments to the Credit Agreement set forth herein.

      

      

      Section 3.2          Increase in Commitments.  The parties hereto hereby agree and acknowledge that, after the Amendment  No. 2
          Effective Date, the Borrower shall no longer be entitled to exercise any rights under Section 2.14 of the Credit Agreement to request an increase to the Commitments.

       

        

      
        

        5

        
          

      

      ARTICLE IV

       

      REPRESENTATIONS AND WARRANTIES

       

      Section 4.1          Representations and Warranties.  Each Loan Party represents and warrants to the Secured Parties as of the
          Amendment No. 2 Effective Date, that:

       

      (a)          Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of this Amendment has been
          duly authorized by all necessary corporate or other organizational action, and 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 the
          creation of any Lien under, or require any payment to be made under (A) any Contractual Obligation to which such Person or any of its Subsidiaries is a party or affecting such Person or any of its Subsidiaries 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 any of its Subsidiaries or the properties of such Person or any of its Subsidiaries is subject; or
          (c) violate any Law.

       

      (b)          Binding Effect.  This Amendment has been duly executed and delivered by each Loan Party that is party hereto.  Subject
          to the Legal Reservations, this Amendment constitutes a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms.

       

      (c)          UK Initial Pledge Agreements. The Lien created by the Borrower pursuant to the Initial Pledge Agreement governed by
          English Law shall (a) remain in full force and effect notwithstanding the amendments referred to in Section 2.1 (Amendment to Credit Agreement) above and (b) continue to secure the Secured Obligations.

       

      ARTICLE V

       

      MISCELLANEOUS

      

      

      Section 5.1          Notices.  All notices, requests and other communications to any party hereto shall be given or served in the
          manner contemplated in Section 11.02 of the Credit Agreement.

      

      

      Section 5.2          No Waiver; Status of Loan Documents.  This Amendment shall not
          constitute an amendment, supplement or waiver of any provision of the Credit Agreement not expressly referred to herein and shall not be construed as an amendment, supplement, waiver or consent to any action on the part of any party hereto that
          would require an amendment, supplement, waiver or consent of the Lenders except as expressly stated herein. Except as expressly amended, supplemented or waived hereby, the provisions of the Credit Agreement are and shall remain in full force and
          effect.  No failure or delay on the part of the Lenders in the exercise of any power, right or privilege hereunder or under any other Loan Document shall impair such power, right or privilege or be construed to be a waiver of any default or
          acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Amendment and
          the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies available at equity or law.  Nothing in this Amendment shall constitute a novation of the Loan Parties' obligations under the Credit Agreement or any other
          Loan Document.

       

        

      
        

        6

        
          

      

      Section 5.3          Amendment.  This Amendment may be amended, waived, discharged or terminated only by an instrument in writing
          signed by the party against which enforcement of such change, waiver, discharge or termination is sought.

      

      

      Section 5.4          Amendment Binding.  This Amendment shall be binding upon and inure to the benefit of and be enforceable by the
          parties hereto and the respective successors and permitted assigns of the parties hereto.

      

      

      Section 5.5          Headings.  Section headings used herein are for convenience of reference only, are not part of this Amendment and
          shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

      

      

      Section 5.6          Governing Law.

      

      

      (a)          This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

      

      

      (b)          Each of the undersigned hereto agrees that any dispute relating to this Amendment shall be determined in accordance with Sections

            11.14 and 11.15 of the Credit Agreement and the provisions of said Sections 11.14 and 11.15 of the Credit Agreement are incorporated herein by reference.

      

      

      Section 5.7          Counterparts. 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 e-mail in portable document format
          (.pdf) or facsimile (with acknowledgment of receipt) will be effective as delivery of a manually executed counterpart of this Amendment.

      

      

      [Remainder of this page intentionally left blank]

      

      

      
        

        7

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

       

      IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered as of the day and year first above written.

      

      

      
        	
                 

              	
                Yours truly,

              

      

      

      

      	 	
              ATLANTICA YIELD PLC,

            
	 	
              as the Borrower

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ABY CONCESSIONS

            
	 	
              INFRASTRUCTURES S.L.U.,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ABY CONCESSIONS PERU S.A.,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

       

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ACT HOLDING, S.A. DE C.V.,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ASHUSA INC.,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ASUSHI INC.,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ATLANTICA YIELD SOUTH AFRICA

            
	 	
              LIMITED,

            
	 	
              as a Guarantor

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ROYAL BANK OF CANADA,

            
	 	
              as Administrative Agent

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              ROYAL BANK OF CANADA,

            
	 	
              as Lender and L/C Issuer

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              CANADIAN IMPERIAL BANK OF COMMERCE,

            
	 	
              LONDON BRANCH,

            
	 	
              as Lender and L/C Issuer

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              BANCO SANTANDER, S.A., NEW YORK BRANCH

            
	 	
              as Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              BARCLAYS BANK PLC,

            
	 	
              As Specified Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              JPMORGAN CHASE BANK, N.A.,

            
	 	
              as Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              MUFG BANK, LTD.,

            
	 	
              as Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	

            	
              BANK OF AMERICA, N.A.,

            
	 	
              as Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

        
          	
                  Signature Page

                  Amendment No. 2 to Credit and Guaranty Agreement

                

        

      

      	 	
              BANK OF MONTREAL, LONDON BRANCH,

            
	 	
              as Lender

            
	 	 	 
	 	
              By:

            	 
	 	
              Name:

            	 
	 	
              Title:

            	 

      

      

      
        

        
          

      

      Annex I

       

      SCHEDULE 2.01

       

      COMMITMENTS, APPLICABLE PERCENTAGES AND HMRC DT TREATY PASSPORT

      SCHEME INFORMATION

      

      

      	
              Lender

            	
              Applicable Percentage

            	
              Commitment

            	
              HMRC DT Treaty

              Passport Scheme

              Reference Number

            	
              Jurisdiction

              of Tax

              Residence

            
	
              ROYAL BANK OF CANADA

            	
              14.71%

            	
              US$62,500,000

            	
              3/R/70780/DTTP

            	
              Canada *

            
	
              CANADIAN IMPERIAL BANK OF COMMERCE, LONDON BRANCH

            	
              14.71%

            	
              US$62,500,000

            	
              --

            	
              Canada**

            
	
              BANCO SANTANDER, S.A., NEW YORK BRANCH

            	
              11.76%

            	
              US$50,000,000

            	
              9/S/267974/DTTP

            	
              Spain

            
	
              BARCLAYS BANK PLC

            	
              8.82%

            	
              US$37,500,000

            	
              --

            	
              United Kingdom *

            
	
              JPMORGAN CHASE BANK, N.A.

            	
              11.76%

            	
              US$50,000,000

            	
              13/M/268710/DTTP

            	
              United States

            
	
              BANK OF AMERICA, N.A.

            	
              11.76%

            	
              US$50,000,000

            	
              13/B/7418/DTTP

            	
              United States

            
	
              MUFG BANK, LTD.

            	
              11.76%

            	
              US$50,000,000

            	
              43/B/322072/DTTP

            	
              Japan*

            
	
              Bank of Montreal, London Branch

            	
              14.71%

            	
              US$62,500,000

            	
              3/M/270436/DTTP

            	
              Canada**

            

      

      

      * Jurisdiction of Lending Office: New York, USA

      ** Jurisdiction of Lending Office: London, UK

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