Document:

exv10w2

 

EXHIBIT 10.2

SECOND AMENDMENT TO

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT (this
“Amendment”) is entered into as of March 23, 2007, by and among RANGE RESOURCES
CORPORATION, a Delaware corporation (“Borrower”), certain Subsidiaries of Borrower as
Guarantors, JPMORGAN CHASE BANK, N.A., a national banking association as Administrative Agent for
the Lenders (in such capacity, “Administrative Agent”), and each of the Lenders which is a
party to the Credit Agreement (defined below).

WITNESSETH:

     WHEREAS, Borrower, Guarantors, Administrative Agent and the Lenders entered into that certain
Third Amended and Restated Credit Agreement dated as of October 25, 2006 (as amended by that
certain First Amendment to Third Amended and Restated Credit Agreement dated March 12, 2007 (the
“First Amendment”), and as further amended, modified and restated from time to time, the
“Credit Agreement”), pursuant to which the Lenders made a revolving credit facility
available to Borrower; and

     WHEREAS, Borrower has requested that Administrative Agent and the Lenders amend the Credit
Agreement to (a) permit the Borrower to incur additional unsecured subordinated Indebtedness in the
amount of $250,000,000 on terms and conditions substantially similar to the Senior Subordinated
Notes outstanding on the date hereof and (b) increase the Aggregate Commitment by $100,000,000, and
Administrative Agent and the Lenders have agreed to do so on the terms and conditions hereinafter
set forth.

     NOW, THEREFORE, the parties agree to amend the Credit Agreement as follows:

     1. Definitions. Unless otherwise defined herein, all capitalized terms used herein
shall have the same meanings ascribed to such terms in the Credit Agreement.

     2. Amendments to Credit Agreement.

     2.1 Amended Definitions. The following definition set forth in Section 1.01 of
the Credit Agreement shall be and it hereby is amended in its entirety to read as follows:

“Senior Subordinated Notes” means (i) the 7 3/8% Senior
Subordinated Notes due 2013, issued pursuant to the Indenture, (ii)
the 6 3/8% Senior Subordinated Notes due 2015, issued pursuant to
the Indenture, (iii) the 7 1/2% Senior Subordinated Notes due 2016,
issued pursuant to the Indenture and (iv) additional senior
unsecured subordinated notes issued after the Second Amendment
Effective Date and prior to October 1, 2007 that have a scheduled
maturity no earlier than six months after the Maturity Date and are
on substantially the same terms and conditions, including the
subordination terms, as the Indenture.

SECOND AMENDMENT TO THIRD AMENDED

AND RESTATED AGREEMENT

 

 

     2.2 Additional Definition. Section 1.01 of the Credit Agreement shall be and
it hereby is amended by adding the following definition in correct alphabetical order:

“Second Amendment Effective Date” means the date the Second
Amendment to Third Amended and Restated Credit Agreement becomes
effective.

     2.3 Indebtedness Under the Senior Subordinated Notes. Effective as of the
Second Amendment Effective Date, Section 7.01(h) of the Credit Agreement is hereby amended
to read in its entirety as follows:

     (h) Indebtedness under the Senior Subordinated Notes in an
aggregate principal amount not exceeding $850,000,000 at any time
outstanding and extensions, renewals, replacements and refinancing of
any such Indebtedness that does not exceed the maximum principal
amount permitted under this clause (h) as of the date of such
extension, renewal, replacement or refinancing; provided that any
documentation which replaces the Senior Subordinated Notes and
pursuant to which the Senior Subordinated Notes are refinanced does
not contain, either initially or by amendment or other modification,
any material terms, conditions, covenants or defaults other than
those which then exist in the Indenture and the Senior Subordinated
Notes or which could be included in the Indenture or the Senior
Subordinated Notes by an amendment or other modification that would
not be prohibited by the terms of this Agreement; and

     2.4 Increase in the Aggregate Commitment. Notwithstanding anything to the
contrary in Section 2.03 of the Credit Agreement, effective as of the Second Amendment
Effective Date, the Aggregate Commitment shall be $900,000,000, and Schedule 2.01 of the
Credit Agreement shall be and it hereby is amended and replaced in its entirety with
Schedule 2.01 attached hereto.

     3. Redetermined Borrowing Base. This Amendment shall constitute a notice of the
redetermination of the Borrowing Base pursuant to Section 3.04 of the Credit Agreement and
Administrative Agent hereby notifies Borrower that, as of the Second Amendment Effective Date the
redetermined Borrowing Base is $1,200,000,000 until the next redetermination of the Borrowing Base
pursuant to Article III of the Credit Agreement.

     4. Binding Effect. Except to the extent its provisions are specifically amended,
modified or superseded by this Amendment, the Credit Agreement, as amended, and all terms and
provisions thereof shall remain in full force and effect, and the same in all respects are
confirmed and approved by the Borrower and the Lenders.

     5. Second Amendment Effective Date. This Amendment shall be effective upon the
satisfaction of the conditions precedent set forth in Section 7 hereof (the “Second Amendment
Effective Date”).

SECOND AMENDMENT TO THIRD AMENDED

AND RESTATED AGREEMENT

2

 

     6. Conditions Precedent. The obligations of Administrative Agent and the Lenders
under this Amendment shall be subject to the following conditions precedent:

          (a) Execution and Delivery. Borrower and each Guarantor shall have executed
and delivered this Amendment to Administrative Agent;

          (b) Payment of Fee. Borrower shall have paid to Administrative Agent, for the
ratable benefit of the Lenders, a fee in an amount equal to 0.15% of the $100,000,000
increase in the Aggregate Commitment.

          (c) Representations and Warranties. The representations and warranties of the
Credit Parties under this Amendment are true and correct in all material respects as of such
date, as if then made (except to the extent that such representations and warranties related
solely to an earlier date);

          (d) No Default. No Default shall have occurred and be continuing;

          (e) Other Documents. The Administrative Agent shall have received such other
instruments and documents incidental and appropriate to the transaction provided for herein
as the Administrative Agent or its counsel may reasonably request, and all such documents
shall be in form and substance satisfactory to the Administrative Agent.

     7. Representations and Warranties. Each Credit Party hereby represents and warrants
that (a) except to the extent that any such representations and warranties expressly relate to an
earlier date, all of the representations and warranties contained in the Credit Agreement and in
each Loan Document are true and correct as of the date hereof after giving effect to this
Amendment, (b) the execution, delivery and performance by such Credit Party of this Amendment have
been duly authorized by all necessary corporate, limited liability company or partnership action
required on its part, and this Amendment and the Credit Agreement are the legal, valid and binding
obligations of such Credit Party, enforceable against such Credit Party in accordance with their
terms, except as their enforceability may be affected by the effect of bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect relating to or
affecting the rights or remedies of creditors generally, and (c) no Default or Event of Default has
occurred and is continuing.

     8. Counterparts. This Amendment may be executed in one or more counterparts and by
different parties hereto in separate counterparts each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to the same document.
However, this Amendment shall bind no party until the Borrower, the Lenders, and the Administrative
Agent have executed a counterpart. Delivery of photocopies of the signature pages to this
Amendment by facsimile or electronic mail shall be effective as delivery of manually executed
counterparts of this Amendment.

SECOND AMENDMENT TO THIRD AMENDED

AND RESTATED AGREEMENT

3

 

     9. WRITTEN CREDIT AGREEMENT. THE CREDIT AGREEMENT, AS AMENDED BY THIS AMENDMENT AND
TOGETHER WITH THE OTHER LOAN DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN AND AMONG THE
PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN AND AMONG THE PARTIES.

     10. Guarantors. The Guarantors hereby consent to the execution of this Amendment by
the Borrower and reaffirm their guaranties of all of the obligations of the Borrower to the
Lenders. Borrower and Guarantors acknowledge and agree that the renewal, extension and amendment
of the Credit Agreement shall not be considered a novation of account or new contract but that all
existing rights, titles, powers, and estates in favor of the Lenders constitute valid and existing
obligations in favor of the Lenders. Borrower and Guarantors each confirm and agree that (a)
neither the execution of this Amendment or any other Loan Document nor the consummation of the
transactions described herein and therein shall in any way effect, impair or limit the covenants,
liabilities, obligations and duties of the Borrower and the Guarantors under the Loan Documents,
and (b) the obligations evidenced and secured by the Loan Documents continue in full force and
effect. Each Guarantor hereby further confirms that it unconditionally guarantees to the extent
set forth in the Credit Agreement the due and punctual payment and performance of any and all
amounts and obligations owed to the Lenders under the Credit Agreement or the other Loan Documents.

[Remainder of page blank. Signature pages follow]

SECOND AMENDMENT TO THIRD AMENDED

AND RESTATED AGREEMENT

4

 

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

	 	 	 	 	 
	 	BORROWER:

RANGE RESOURCES CORPORATION

 	 
	 	By:  	 	 
	 	 	Roger S. Manny, Senior Vice President 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	GUARANTORS:

RANGE ENERGY I, INC.

RANGE HOLDCO, INC.

RANGE PRODUCTION COMPANY

RANGE ENERGY VENTURES CORPORATION

GULFSTAR ENERGY, INC.

RANGE ENERGY FINANCE CORPORATION

PMOG HOLDINGS, INC.

PINE MOUNTAIN ACQUISITION, INC.

PINE MOUNTAIN OIL AND GAS, INC.

RANGE OPERATING NEW MEXICO, INC.

RANGE OPERATING TEXAS, LLC

STROUD ENERGY GP, LLC

STROUD ENERGY MANAGEMENT GP, LLC

 	 
	 	By:  	 	 
	 	 	   Roger S. Manny, Senior Vice President of all of 	 
	 	 	the foregoing Credit Parties 	 
	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	GREAT LAKES ENERGY PARTNERS, L.L.C

 	 
	 	By:  	RANGE HOLDCO, INC., Its member
 	 
	 	 	RANGE ENERGY I, INC., Its member 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Roger S. Manny, Senior Vice President of each of 	 
	 	 	the foregoing members 	 
	 
	 	RANGE PRODUCTION I, L.P.,

 	 
	 	By:  	RANGE PRODUCTION COMPANY, Its general partner
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Roger S. Manny, Senior Vice President 	 
	 	 	 	 
	 
	 	RANGE RESOURCES, L.L.C.

 	 
	 	By:  	RANGE PRODUCTION COMPANY, Its member
 	 
	 	 	RANGE HOLDCO, INC., Its member 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Roger S. Manny, Senior Vice President of each of 	 
	 	 	the foregoing members 	 
	 
	 	STROUD ENERGY LP, LLC,

 	 
	 	By:  	 	 
	 	 	Thomas M. Strauss, Manager 	 
	 	 	 	 
	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	STROUD ENERGY, LTD.,

 	 
	 	By:  	Stroud Energy Management GP, LLC, Its general partner
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Roger S. Manny, Senior Vice President 	 
	 	 	 	 
	 
	 	STROUD OIL PROPERTIES, L.P.,

 	 
	 	By:  	
Stroud Energy GP, LLC, Its general partner
 	 
	 	 	 	 
	 	 	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Roger S. Manny, Senior Vice President 	 
	 	 	 	 
	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., (successor by merger to Bank

One, N.A. (Illinois) as Administrative Agent and a Lender

 	 
	 	By:  	 	 
	 	 	Wm. Mark Cranmer, Senior Vice President 	 
	 	 	 	 
	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF SCOTLAND, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 	 	 
	 	 	CALYON NEW YORK BRANCH, as a Syndicated 
Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 	 	 
	 	 	COMPASS BANK, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as a Documentation 
 Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

					
	 	 	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 	 	 
	AND RESTATED CREDIT AGREEMENT	 	 	 	 
	
	 	Signature Page	 	 

 

 

	 	 	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP., as a Documentation 

Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	NATEXIS BANQUES POPULAIRES, as a Lender
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	COMERICA BANK, as a Lender
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	CAPITAL ONE, N.A. (f/k/a Hibernia National

Bank), as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	AMEGY BANK N.A. (f/k/a Southwest Bank of

Texas N.A.), as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	BMO CAPITAL MARKETS FINANCING, INC.

(f/k/a HARRIS NESBITT FINANCING, INC.),

as a Syndication Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	KEY BANK, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION,

as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	UNION BANK OF CALIFORNIA, N.A.,

as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA, as a Lender 
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	THE FROST NATIONAL BANK, as a Lender 
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	CREDIT SUISSE, Cayman Islands Branch,

as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	SUNTRUST BANK, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	SOCIÉTÉ GÉNÉRALE, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION,

as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

	 	 	 	 	 	 	 
	 	 	DEUTSCHE BANK TRUST COMPANY
 AMERICAS, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Signature Page

 

 

SCHEDULE 2.01

APPLICABLE PERCENTAGES AND INITIAL COMMITMENTS

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Applicable	 	Initial
	Lender	 	Title	 	Percentage	 	Commitment
	JPMorgan Chase Bank , N.A.
	 	Administrative Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Bank of America, N.A.
	 	Documentation Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Fortis Capital Corp.
	 	Documentation Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Calyon New York Branch
	 	Syndicated Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	BMO Capital Markets
Financing, Inc., (f/k/a
Harris Nesbitt Financing,
Inc.)
	 	Syndication Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Union Bank of California, N.A.
	 	Co-Agent	 	 	5.0000000	%	 	$	45,000,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Bank of Scotland
	 	Agent	 	 	5.6250000	%	 	$	50,600,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Wachovia Bank, National
Association
	 	Co-Agent	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Citibank, N.A.
	 	Co-Agent	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Comerica Bank
	 	Co-Agent	 	 	5.0000000	%	 	$	45,000,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Compass Bank
	 	 	 	 	3.1250000	%	 	$	28,100,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Credit Suisse, Cayman Islands
Branch
	 	 	 	 	3.7500000	%	 	$	33,800,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Deutsche Bank Trust Company
Americas
	 	Co-Agent	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Key Bank
	 	Co-Agent	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Natexis Banques Populaires
	 	Co-Agent	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	The Bank of Nova Scotia
	 	Co-Agent	 	 	5.0000000	%	 	$	45,000,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Société Générale
	 	 	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Suntrust Bank
	 	 	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	The Frost National Bank
	 	 	 	 	3.1250000	%	 	$	28,100,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Amegy Bank N.A. (f/k/a
Southwest Bank of Texas N.A.)
	 	 	 	 	3.1250000	%	 	$	28,100,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	US Bank, National Association
	 	 	 	 	4.3750000	%	 	$	39,400,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	Capital One, N.A. (f/k/a
Hibernia National Bank)
	 	 	 	 	3.1250000	%	 	$	28,100,000	 
	 
	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	 	 	 	100.00000	%	 	$	900,000,000	 

	 	 	 
	SECOND AMENDMENT TO THIRD AMENDED
	 	 
	AND RESTATED CREDIT AGREEMENT
	 	 
	

	 	Schedule 2.01exv10w1

 

Exhibit 10.1

US Airways Group, Inc.

2005 Equity Incentive Plan

Stock Unit Award Agreement

     Pursuant to the Stock Unit Award Grant Notice (“Grant Notice”) and this Stock Unit Award
Agreement (“Award Agreement”), US Airways Group, Inc. (the “Company”) has awarded you a Stock Unit
Award under its 2005 Equity Incentive Plan (the “Plan”) for the number of stock units (“Stock
Units”) as indicated in the Grant Notice (collectively, the “Award”). Except where indicated
otherwise, defined terms not explicitly defined in this Award Agreement but defined in the Plan
shall have the same definitions as in the Plan.

     The details of your Award are as follows:

     1. Number of Stock Units and Shares of Common Stock. The number of Stock Units
subject to your Award is set forth in the Grant Notice. Each Stock Unit shall represent the right
to receive one (1) share of Common Stock. The number of Stock Units subject to your Award and the
number of shares of Common Stock deliverable with respect to such Stock Units may be adjusted from
time to time for capitalization adjustments as described in Section 12(a) of the Plan.

     2. Vesting. The Stock Units shall vest, if at all, as provided in the vesting
schedule set forth in your Grant Notice, provided, however, that:

          (a) vesting shall cease upon the termination of your Continuous Service; and

          (b) vesting of all Stock Units shall be fully accelerated in the event that (i) your
Continuous Service is terminated by the Company without Cause (as defined in the Plan) or by reason
of your death or Disability (as defined in the Plan), (ii) you terminate your Continuous Service
for Good Reason (as defined in your Executive Change in Control and Severance Benefits Agreement,
Employment Agreement, or similar agreement, as applicable) or (iii) your Continuous Service is
terminated involuntarily with or without Cause (as defined in the Plan) within twenty-four (24)
months following a Change in Control (as defined in the Plan) of the Company that occurs subsequent
to September 27, 2005.

     3. Dividends. You will be entitled to receive payments equal to any cash dividends
and other distributions paid with respect to a corresponding number of shares subject to your
Award, provided that if any such dividends or distributions are paid in shares, the Fair Market
Value of such shares will be converted into additional shares covered by the Award, and further
provided that such additional shares will be subject to the same forfeiture restrictions,
restrictions on transferability, and time and manner of delivery as apply to the other Stock Units
and Common Stock subject to your Award. Any cash dividends paid with respect to your Award will be
paid (i) at the same time that dividends are paid to the Company’s shareholders, or (ii) no later
than March 15 of the year following the year in which dividends are paid to the Company’s
shareholders.

     4. Payment. This Award was granted in consideration of your services to the Company.
Subject to Section 10 below, you will not be required to make any payment to the Company (other
than your past and future services with the Company) with respect to your

 

 

receipt of the Award, vesting of the Stock Units, or the delivery of the shares of Common Stock subject to the Stock
Units, other than any required withholding.

     5. Delivery of Shares.

          (a) Subject to Sections 5(b) and 10 below, your vested Units shall be converted into shares of
Common Stock, and the Company will deliver to a broker designated by the Company (the “Designated
Broker”), on your behalf, a number of shares of the Company’s Common Stock equal to the number of
vested shares subject to your Award, on the applicable vesting date. The form of delivery (e.g., a
stock certificate or electronic entry evidencing such shares) shall be determined by the Company.

          (b) In the event that the Company determines that you are subject to its policy regarding
trading of the Company’s stock by its officers and directors and any shares of Common Stock subject
to your Award are scheduled to be delivered on a day (the “Original Distribution Date”) that does
not occur during a “window period” applicable to you, as determined by the Company in accordance
with such policy, then such shares shall not be delivered on such Original Distribution Date and
shall instead be delivered on the first day of the next “window period” applicable to you pursuant
to such policy.

     6. Securities Law Compliance. Notwithstanding anything to the contrary contained
herein, you will not be issued any shares of Common Stock under your Award unless either (a) such
shares are then registered under the Securities Act or (b) the Company has determined that such
issuance would be exempt from the registration requirements of the Securities Act. Your Award also
must comply with other applicable laws and regulations governing the Award, and you will not
receive any shares of Common Stock under your Award if the Company determines that such receipt
would not be in material compliance with such laws and regulations.

     7. Transfer Restrictions. Prior to the time that the shares of Common Stock subject
to your Award have been delivered to you, you may not transfer, pledge, sell or otherwise dispose
of such shares. For example, you may not use shares of Common Stock that may be issued in respect
of your Stock Units as security for a loan, nor may you transfer, pledge, sell or otherwise dispose
of such shares. This restriction on transfer will lapse upon delivery to you of shares of Common
Stock in respect of your vested Stock Units. Your Award is not transferable, except by will or by
the laws of descent and distribution.

     8. Award not a Service Contract. Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation
on your part to continue in the service of the Company or any Affiliate, or on the part of the
Company or any Affiliate to continue such service. In addition, nothing in your Award shall
obligate the Company or any Affiliate, their respective stockholders, boards of directors or
employees to continue any relationship that you might have as an Employee or Consultant of the
Company or any Affiliate.

     9. Unsecured Obligation. Your Award is unfunded, and even as a holder of vested
Stock Units, you shall be considered an unsecured creditor of the Company with respect

 

 

to the Company’s obligation, if any, to distribute shares of Common Stock pursuant to this Agreement. You
shall not have voting or any other rights as a stockholder of the Company with respect to the
Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you. Nothing
contained in this Agreement, and no action taken pursuant to its provisions, shall create or be
construed to create a trust of any kind or a fiduciary relationship between you and the Company or
any other person.

     10. Withholding Obligations.

          (a) At the time you become entitled to receive a distribution of shares of Common Stock
pursuant to your Award, or at any time thereafter as requested by the Company, you hereby authorize
the delivery of such shares to the Designated Broker (as defined in Section 5) with instructions to
(i) sell shares sufficient to satisfy the federal, state, local and foreign tax withholding
obligations of the Company or an Affiliate, if any, which arise in connection with such
distribution, and (ii) remit the proceeds of such sale to the Company. In the event the sale
proceeds are insufficient to fully satisfy the tax withholding obligations, you hereby authorize
withholding from payroll and any other amounts payable to you, in the same calendar year, and
otherwise agree to make adequate provision for any sums required to satisfy the tax withholding
obligations.

          (b) Upon your request and subject to approval by the Company, in its sole discretion, and
compliance with any applicable legal conditions or restrictions, the Company may withhold from
fully vested shares of Common Stock otherwise issuable to you pursuant to your Award a number of
whole shares of Common Stock having a Fair Market Value, determined by the Company as of the date
of distribution, not in excess of the minimum amount of tax required to be withheld by law (or such
lesser amount as may be necessary to avoid variable award accounting).

          (c) Unless the tax withholding obligations of the Company and/or any Affiliate thereof are
satisfied, the Company shall have no obligation to deliver any shares of Common Stock on your
behalf pursuant to your Award.

     11. Notices. Any notices provided for in your Award or the Plan shall be given in
writing and shall be deemed effectively given upon receipt or, in the case of notices delivered by
the Company to you via United States mail, postage prepaid, addressed to you at the last address
you provided to the Company, five (5) days after such notice is deposited.

     12. Miscellaneous.

          (a)  The rights and obligations of the Company with respect to your Award shall be
transferable to any one or more persons or entities, and all covenants and agreements hereunder
shall inure to the benefit of, and be enforceable by the Company’s successors and assigns.

          (b) You agree upon request to execute any further documents or instruments necessary or
desirable in the sole determination of the Company to carry out the purposes or intent of your
Award.

 

 

          (c) You acknowledge and agree that you have reviewed your Award in its entirety, have had an
opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully
understand all provisions of your Award.

          (d) This Agreement will be subject to all applicable laws, rules, and regulations, and to such
approvals by any governmental agencies or national securities exchanges as may be required.

          (e) All obligations of the Company under the Plan and this Agreement will be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or
indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business
and/or assets of the Company.

     13. Headings. The headings of the Sections in this Agreement are inserted for
convenience only and shall not be deemed to constitute a part of this Agreement or to affect the
meaning of this Agreement.

     14. Severability. If all or any part of this Agreement or the Plan is declared by
any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity
shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or
invalid. Any Section of this Agreement (or part of such a Section) so declared to be unlawful or
invalid shall, if possible, be construed in a manner which will give effect to the terms of such
Section or part of a Section to the fullest extent possible while remaining lawful and valid.

     15. Governing Plan Document. Your Award is subject to all the provisions of the
Plan, the provisions of which are hereby made a part of your Award, and is further subject to all
interpretations, amendments, rules and regulations which may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of your Award
and those of the Plan, the provisions of the Plan shall control.

* * * * *

     This Stock Unit Award Agreement shall be deemed to be signed by the Company and the
Participant upon the signing by the Participant of the Stock Unit Grant Notice to which it is
attached.

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