Document:

exv10w1

 

Exhibit 10.1

COMMITMENT INCREASE AGREEMENT

     This Commitment Increase Agreement (this “Agreement”) dated as of September 19, 2007
(the “Increase Effective Date”) is by and among Crosstex Energy, L.P., a Delaware limited
partnership (“Borrower”), Cooperative Centrale Raiffeisen-Boerenleenbank BA “Rabobank
Nederland” New York Branch and The Bank of Nova Scotia (collectively, the “New Banks”),
Bank of America, N.A., Union Bank of California, N.A., Suntrust Bank, BMO Capital Markets, Wachovia
Bank, National Association, Scotiabanc Inc., JPMorgan Chase Bank N.A., BNP Paribas, Wells Fargo
Bank, N.A., Sterling Bank and Compass Bank (collectively, the “Increasing Banks”) and Bank
of America, N.A., as Administrative Agent for the Banks under the Credit Agreement described below
(the “Agent”) and as Issuing Bank.

	A.	 	Reference is made to the Fourth Amended and Restated Credit Agreement dated as of November 1,
2005 (as amended on or before the date hereof, “Credit Agreement”) among the Borrower,
the Banks and the Agent. All capitalized terms used herein and not otherwise defined shall
have the meanings given such terms in the Credit Agreement.
	 
	B.	 	Pursuant to Section 2.15 of the Credit Agreement, the Borrower has the right, subject to the
terms and conditions thereof, to increase the aggregate Commitments by adding to the Credit
Agreement one or more commercial banks or other financial institutions or by allowing one or
more Banks to increase their Commitments thereunder so that such added and increased
Commitments shall equal the increase in aggregate Commitments requested by the Borrower.
	 
	C.	 	The Borrower has given notice to the Agent of its intention, pursuant to such Section 2.15
and with the consent of the New Banks and the Increasing Banks, to increase the aggregate
Commitments from $1,000,000,000 to $1,185,000,000.
	 
	D.	 	The Agent and each Issuing Bank hereby consents to the addition of each New Bank as a Bank
under the Credit Agreement.
	 
	 	 	Accordingly, the parties hereto agree as follows:

     Section 1. Increase of Commitment. Pursuant to Section 2.15 of the Credit Agreement,
the aggregate Commitments are hereby increased from $1,000,000,000 to $1,185,000,000. The
Commitments of the New Banks and the Increasing Banks are set forth on Schedule 1 attached
hereto.

     Section 2. New Notes. If any New Bank or any Increasing Bank requests that its
Advances be evidenced by a Note, the Borrower agrees to promptly execute and deliver to such New
Bank or Increasing Bank a Note in the amount of its Commitment set forth in Section 1 above (each a
“New Note”). If any Increasing Bank which requests a New Note is in possession of an
existing Note in the amount of its Commitment before giving effect to the increase pursuant to this
Agreement (each an “Existing Note”), such Increasing Bank shall, promptly after receipt of
its New Note, mark such Existing Note “cancelled” and return such Existing Note to the Borrower.

 

 

     Section 3. Addition of New Banks. Each New Bank (i) confirms that it has received a
copy of the Credit Agreement, together with copies of the financial statements requested by such
New Bank and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Agreement, (ii) appoints and authorizes the Agent
to take such action as agent on its behalf and to exercise such powers under the Credit Documents
as are delegated to the Agent by the terms thereof, together with such powers as are reasonably
incidental thereto, (iii) agrees that it will perform in accordance with their terms all of the
obligations which by the terms of the Credit Documents are required to be performed by it as a
Bank, (iv) agrees that its payment instructions and notice instructions are as set forth in an
Administrative Questionnaire previously delivered to the Agent, and (v) if applicable, attaches the
forms prescribed by the Internal Revenue Service of the United States certifying that such New Bank
is entitled to receive payments under the Credit Documents without deduction or withholding of any
United States federal income taxes.

     Section 4. Additional Undertakings. Each New Bank (i) agrees that it has made its own
credit analysis and decision to enter into this Agreement and to agree to the various matters set
forth herein, (ii) agrees that it will, independently and without reliance upon the Agent or any
other Bank and based on such documents and information at it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under the Credit Agreement
and the other Credit Documents and (iii) confirms that the execution and delivery of this Agreement
by such New Bank is duly authorized.

     Section 5. Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows:

     (a) a true and correct copy of the resolutions adopted by the Borrower approving or
consenting to such increase are attached hereto as Exhibit A, and such resolutions have not
been amended, altered or repealed and are in effect on the date hereof;

     (b) the execution, delivery and performance by the Borrower of this Agreement are
within the Borrower’s legal powers, have been duly authorized by all necessary partnership
action and do not (i) contravene the Borrower Partnership Agreement, (ii) violate any
applicable Governmental Rule, the violation of which could reasonably be expected to have a
Material Adverse Effect, (iii) conflict with or result in the breach of, or constitute a
default under, any loan agreement, indenture, mortgage, deed of trust or lease, or any other
contract or instrument binding on or affecting the Borrower or any Subsidiary or any of
their respective properties, the conflict, breach or default of which could reasonably be
expected to have a Material Adverse Effect, or (iv) result in or require the creation or
imposition of any Lien upon or with respect to any of the properties of the Borrower, other
than Liens permitted by the Credit Agreement.

     (c) no Governmental Action is required for the due execution, delivery or performance
by the Borrower of this Agreement;

     (d) this Agreement constitutes legal, valid and binding obligations of the Borrower,
enforceable against the Borrower in accordance with its terms, except as the

2

 

enforceability
thereof may be limited by bankruptcy, insolvency, moratorium,
reorganization or other similar laws affecting creditors’ rights generally or by
general principles of equity (regardless of whether such enforceability is considered in any
proceeding in law or in equity);

     (e) the execution, delivery and performance of this Agreement does not adversely affect
the enforceability of any Lien of the Security Documents;

     (f) there is no pending or, to the knowledge of the Borrower, threatened action or
proceeding affecting the Borrower or any Subsidiary before any Governmental Person, referee
or arbitrator that could reasonably be expected to have a Material Adverse Effect;

     (g) the representations and warranties contained in Article IV of the Credit Agreement
and the other Credit Documents are true and correct on and as of the Increase Effective
Date, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such earlier date, except that
the representations and warranties contained in Section 4.05 of the Credit Agreement shall
be deemed to refer to the most recent statements furnished pursuant to clauses (c) and (d),
respectively, of Section 5.01 of the Credit Agreement, and

     (h) no event has occurred and is continuing, or would result from the effectiveness of
this Agreement, which constitutes a Default.

     Section 6. Reference to and Effect on the Credit Agreement.

     (a) On and after the effective date of this Agreement each reference in the Credit Agreement
to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a
reference to the Credit Agreement, and each reference in the other Credit Documents to “the Credit
Agreement,” “thereunder,” “thereof,” “therein” or words of like import referring to the Credit
Agreement, shall mean and be a reference to the Credit Agreement as modified by this Agreement.

     (b) Except as specifically modified above, the Credit Agreement and the other Credit Documents
shall remain in full force and effect and are hereby ratified and confirmed. Without limiting the
generality of the foregoing, the Security Documents and all of the Collateral described therein do
and shall continue to secure the payment of all obligations stated to be secured thereby under the
Credit Documents.

     Section 7. Execution in Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each which when so executed and
delivered shall be deemed to be an original and all of which when taken together shall constitute
but one and the same instrument. Delivery of an executed counterpart of a signature page to this
Agreement by telecopier shall be effective as delivery of an originally executed counterpart of
this Agreement.

3

 

     Section 8. Governing Law; Binding Effect. This Agreement shall be governed by, and
construed and enforced in accordance with, the laws of the State of Texas, and shall be
binding upon the Borrower, the Administrative Agent, each Bank and their respective successors
and assigns.

     Section 9. Costs and Expenses. The Borrower agrees to pay on demand all costs and
expenses of the Administrative Agent in connection with the preparation, execution and delivery of
this Agreement and the other instruments and documents to be delivered hereunder, including the
reasonable fees and out-of-pocket expenses of counsel for the Administrative Agent with respect
thereto and with respect to advising the Administrative Agent as to its rights and responsibilities
hereunder and thereunder.

     THIS WRITTEN AGREEMENT AND THE CREDIT DOCUMENTS REPRESENT THE FINAL AGREEMENT 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 THE PARTIES.

[Remainder of this page blank; signature pages follow]

4

 

     Executed as of the date first set forth above.

	 	 	 	 	 
	 	 	CROSSTEX ENERGY, L.P.
	 
	 	 	 	 
	 

	 	By:	 	Crosstex Energy GP, L.P.,
	 

	 	 	 	General Partner
	 
	 	 	 	 
	 

	 	By:
	 	Crosstex Energy GP, LLC,
	 

	 	 	 	General Partner

	 	 	 	 	 
	 

	By:	 
	 	/s/ Gysle R. Shellum
	 

	 	 	 	 
	 

	 	 	 	     Gysle R. Shellum
	 

	 	 	 	     Vice President – Finance

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

Each of the undersigned, as guarantors under the Second Amended and Restated Subsidiary Guaranty
dated as of November 1, 2005 (the “Guaranty”), hereby (a) consents to this Agreement, and
(b) confirms and agrees that the Guaranty is and shall continue to be in full force and effect and
is ratified and confirmed in all respects, except that, on and after the effective date of the
Agreement each reference in the Guaranty to “the Credit Agreement,” “thereunder,” “thereof,”
“therein” or any other expression of like import referring to the Credit Agreement shall mean and
be a reference to the Credit Agreement as modified by this Agreement.

	 	 	 	 	 
	 	CROSSTEX ENERGY SERVICES, L.P.

By: Crosstex Operating GP, LLC, its general partner

 	 
	 	By:  	/s/ Gysle R. Shellum
 	 
	 	 	Gysle R. Shellum 	 
	 	 	Vice President - Finance 	 
	 
	 	CROSSTEX OPERATING GP, LLC

CROSSTEX ENERGY SERVICES GP, LLC

CROSSTEX LIG, LLC

CROSSTEX TUSCALOOSA, LLC

CROSSTEX LIG LIQUIDS, LLC

CROSSTEX PIPELINE, LLC 

CROSSTEX PROCESSING SERVICES, LLC

CROSSTEX PELICAN, LLC

 	 
	 	By:  	/s/ Gysle R. Shellum
 	 
	 	 	Gysle R. Shellum 	 
	 	 	Vice President - Finance 	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	CROSSTEX ACQUISITION MANAGEMENT, L.P.

CROSSTEX MISSISSIPPI PIPELINE, L.P.

CROSSTEX SEMINOLE GAS, L.P.

CROSSTEX ALABAMA GATHERING SYSTEM, L.P.

CROSSTEX MISSISSIPPI INDUSTRIAL GAS SALES, L.P.

CROSSTEX GULF COAST TRANSMISSION LTD.

CROSSTEX GULF COAST MARKETING LTD.

CROSSTEX CCNG GATHERING LTD.

CROSSTEX CCNG PROCESSING LTD.

CROSSTEX CCNG TRANSMISSION LTD.

CROSSTEX TREATING SERVICES, L.P.

CROSSTEX NORTH TEXAS PIPELINE, L.P.

CROSSTEX NORTH TEXAS GATHERING, L.P.

CROSSTEX NGL MARKETING, L.P.

CROSSTEX NGL PIPELINE, L.P.

By: Crosstex Energy Services GP, LLC, general partner
of each above limited partnership

 	 
	 	By:  	/s/ Gysle R. Shellum
 	 
	 	 	Gysle R. Shellum 	 
	 	 	Vice President - Finance 	 
	 
	 	CROSSTEX PIPELINE PARTNERS, LTD. 

By: Crosstex Pipeline, LLC, its general partner 

 	 
	 	By:  	/s/ Gysle R. Shellum
 	 
	 	 	Gysle R. Shellum 	 
	 	 	Vice President - Finance 	 
	 
	 	SABINE PASS PLANT FACILITY JOINT VENTURE 

By: Crosstex Processing Services, LLC, as general

partner, and

By: Crosstex Pelican, LLC, as general partner

 	 
	 	By:  	/s/ Gysle R. Shellum
 	 
	 	 	Gysle R. Shellum 	 
	 	 	Vice President – Finance 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	ADMINISTRATIVE AGENT

BANK OF AMERICA, N.A.,

   as Administrative Agent and Collateral Agent

 	 
	 	By:  	/s/ Matthew C. Correia
 	 
	 	 	Matthew C. Correia 	 
	 	 	Vice President 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	INCREASING BANKS

BANK OF AMERICA, N.A.,

   as a Bank and an Issuing Bank

 	 
	 	By:  	/s/ Scott A. Mackey
 	 
	 	 	Scott A. Mackey 	 
	 	 	Vice President 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	

UNION BANK OF CALIFORNIA, N.A.

 	 
	 	By:  	/s/ Timothy Brendel
 	 
	 	Name: 	Timothy Brendel  		 
	 	Title: 	Investment Banking Officer 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	SUNTRUST BANK

 	 
	 	By:  	/s/ Carmen J. Mauizia
 	 
	 	Name: 	Carmen J. Mauizia 	 	 
	 	Title:  	Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	BMO CAPITAL MARKETS FINANCING, INC.

 	 
	 	By:  	/s/ Cahal Carmody
 	 
	 	Name:  	Cahal Carmody 	 	 
	 	Title:  	Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Allison Newman
 	 
	 	Name:  	Allison Newman 	 	 
	 	Title:  	Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	SCOTIABANC INC.

 	 
	 	By:  	/s/ J.F. Todd
 	 
	 	Name:  	J.F. Todd 	 	 
	 	Title:  	Managing Director 	 	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK N.A.

 	 
	 	By:  	/s/ Tara Narasiman
 	 
	 	Name:  	Tara Narasiman 	 	 
	 	Title:  	Associate 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	BNP PARIBAS

 	 
	 	By:  	/s/ Gregory E. George
 	 
	 	Name:  	Gregory E. George 	 	 
	 	Title:  	Managing Director 	 	 
	 
	 	 	 
	 	By:  	                                              /s/ Larry Robinson
 	 
	 	Name:  	Larry Robinson 	 	 
	 	Title:  	Director 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/ Charles D. Kirkham
 	 
	 	Name:  	Charles D. Kirkham 	 	 
	 	Title:  	Senior Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	STERLING BANK

 	 
	 	By:  	/s/ Ryan K. Michael
 	 
	 	Name:  	Ryan K. Michael 	 	 
	 	Title:  	Assistant Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	COMPASS BANK

 	 
	 	By:  	/s/ Adrianne D. Griffin
 	 
	 	Name:  	Adrianne D. Griffin 	 	 
	 	Title:  	Vice President 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	NEW BANK

COOPERATIVE CENTRALE RAIFFEISEN-

BOERENLEENBANK BA “RABOBANK

NEDERLAND” NEW YORK BRANCH

 	 
	 	By:  	/s/ Thomas K. Martin
 	 
	 	Name:  	Thomas K. Martin 	 	 
	 	Title:  	Vice President 	 	 
	 
	 	 	 
	 	By:  	                                              /s/ Rebecca Morrow
 	 
	 	Name:  	Rebecca Morrow 	 	 
	 	Title:  	Executive Director 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA

 	 
	 	By:  	/s/ David Mills
 	 
	 	Name:  	David Mills 	 	 
	 	Title:  	Director 	 	 
	 

Signature Page to Commitment Increase Agreement

Crosstex Energy, L.P.

 

 

SCHEDULE 1

INCREASED OR NEW COMMITMENTS

	 	 	 	 	 
	BANK	 	COMMITMENT
	Bank of America, N.A.
	 	$	74,400,000	 
	Union Bank of California, N.A.
	 	$	74,400,000	 
	Suntrust Bank
	 	$	69,100,000	 
	BMO Capital Markets Financing, Inc.
	 	$	74,400,000	 
	Wachovia Bank, National Association
	 	$	74,400,000	 
	The Bank of Nova Scotia
	 	$	14,300,000	 
	Scotiabanc Inc.
	 	$	60,000,000	 
	JPMorgan Chase Bank N.A.
	 	$	48,000,000	 
	BNP Paribas
	 	$	55,000,000	 
	Wells Fargo Bank, N.A.
	 	$	50,000,000	 
	Sterling Bank
	 	$	30,000,000	 
	Compass Bank
	 	$	30,000,000	 
	Cooperative Centrale Raiffeisen-Boerenleenbank BA
“Rabobank Nederland” New York Branch
	 	$	30,000,000exv10w1

 

EXHIBIT 10.1

Big Stone II Power Plant

Amendment No. 6 to

Participation Agreement

By and Among

CENTRAL MINNESOTA MUNICIPAL POWER AGENCY,

GREAT RIVER ENERGY,

HEARTLAND CONSUMERS POWER DISTRICT,

MONTANA-DAKOTA UTILITIES CO., A DIVISION OF MDU

RESOURCES GROUP, INC.,

OTTER TAIL CORPORATION dba OTTER TAIL POWER COMPANY,

SOUTHERN MINNESOTA MUNICIPAL POWER AGENCY, AND

WESTERN MINNESOTA MUNICIPAL POWER AGENCY

As

Owners

Effective as of

September 20, 2007

Amendment No. 6 to Participation Agreement

September 20, 2007

 

 

Amendment No. 6 to Participation Agreement

     THIS AMENDMENT NO. 6 TO PARTICIPATION AGREEMENT (this “Amendment”) is made as of
September 20, 2007, by and among Central Minnesota Municipal Power Agency, an agency incorporated
under the laws of the State of Minnesota (“CMMPA”), Great River Energy, a cooperative corporation
incorporated under the laws of the State of Minnesota (“GRE”), Heartland Consumers Power District,
a consumers power district formed and organized under the South Dakota Consumers Power District Law
(Chapter 49-35 of the South Dakota Codified Laws) (“Heartland”), Montana-Dakota Utilities Co., a
Division of MDU Resources Group, Inc., a corporation incorporated under the laws of the State of
Delaware (“Montana-Dakota”), Otter Tail Corporation, a corporation incorporated under the laws of
the State of Minnesota, doing business as Otter Tail Power Company (“Otter Tail”), Southern
Minnesota Municipal Power Agency, a municipal corporation and political subdivision of the State of
Minnesota (“SMMPA”), and Western Minnesota Municipal Power Agency, a municipal corporation and
political subdivision of the State of Minnesota (“WMMPA”) (each individually a “Party” and,
collectively, the “Parties”).

RECITALS

     WHEREAS, the Parties have entered into a Participation Agreement, dated June 30, 2005 (the
“Agreement”), and an Amendment No. 1 to the Participation Agreement dated effective as of June 1,
2006 (the “Amendment No. 1”), an Amendment No. 2 to the Participation Agreement dated August 1,
2006 (the “Amendment No. 2”), an Amendment No. 3 to the Participation Agreement dated effective as
of September 1, 2006 (the “Amendment No. 3”), an Amendment No. 4 to the Participation Agreement
dated effective as of June 8, 2007 (the “Amendment No. 4”) and an Amendment No. 5 to the
Participation Agreement dated effective as of September 1, 2007 (individually, the “Amendment No.
5”, and collectively with the Agreement, the Amendment No. 1, the Amendment No. 2, the Amendment
No. 3, the Amendment No. 4 and the Amendment No. 5, the “Amended Agreement”), to provide for their
ownership as tenants in common of BSP II and set forth certain responsibilities and mechanisms for
the design, construction, ownership, operation, maintenance and repair of BSP II; and

     WHEREAS, the Parties desire to amend the Amended Agreement as and to the extent provided in
this Amendment.

     NOW, THEREFORE, in consideration of the agreements and covenants set forth herein, and other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and
intending to be legally bound by this Amendment, the Parties covenant and agree as follows:

AGREEMENTS

     1.01 Defined Terms. Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed to such terms in the Agreement.

Amendment No. 6 to Participation Agreement

September 20, 2007

 

 

     1.02 Amendments. The Amended Agreement is hereby amended as follows:

     (a) Section 3.05(b)(i)(A) of the Amended Agreement is hereby amended to read in its entirety
as follows:

“(A) provide written notice to the other Owners of its withdrawal by 4:00 p.m. Central Time
on the date of such meeting,” .

     (b) Section 3.05(b)(ii) of the Amended Agreement is hereby amended to delete the words “within
seven (7) days of the vote” set forth on the third and fourth lines thereof and to replace the same
with “by 4:00 p.m. Central Time on the date of such meeting”.

     (c) Section 3.05 is hereby amended by adding a new clause “(d)” reading in its entirety as
follows:

“(d) Notwithstanding any provision of this Agreement as amended to the contrary, the
Owners, acting through the Coordination Committee, shall:

	 	(i)	 	meet for purposes of taking a vote required pursuant to Section
3.05(b) within sixty (60) days after the later of the following:

	 	(x)	 	the Owners’ receipt of the final written
order of the Minnesota Public Utilities Commission regarding the
Owners’ Certificate of Need application; and

	 	(y)	 	the Owners’ receipt of the final written
decision or order of the South Dakota Board of Minerals & Environment
on the Owners’ Prevention of Significant Deterioration permit
application, regardless of any request for reconsideration;

	 	 	 	and

	 	(ii)	 	at such meeting, take the following vote:

	 	(x)	 	If a Double Majority approves the
continuation of the Project, then any Owner who did not vote to
continue the Project may withdraw from the Project so long as it
provides written notice to the other Owners of its withdrawal at such
meeting. An Owner who properly withdraws under this Section
3.05(d)(i) shall have no other obligations under this Agreement,
except as required under Section 3.08. If Montana-Dakota and Otter
Tail both withdraw from the Project under this Section 3.05(d)(i),
the Project shall be wound up as provided for in Section 14.02; and

	 	(y)	 	If a Double Majority does not approve the
continuation of the Project, then provisions of Section 3.05(b)(ii)
shall govern.

Amendment No. 6 to Participation Agreement

September 20, 2007

- 2 -

 

     1.03 Continuing Effect; Ratification. Except as expressly amended herein, all other terms,
covenants and conditions contained in the Amended Agreement shall continue to remain unchanged and
in full force and effect and are hereby ratified and confirmed.

     1.04 Governing Law. This Amendment shall be interpreted and enforced in accordance with the
Laws of the State of South Dakota, notwithstanding any conflict of law provision to the contrary.

     1.05 Captions. All titles, subject headings, section titles and similar items are provided
for the purpose of reference and convenience and are not intended to affect the meaning of the
content or scope of this Amendment.

     1.06 Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be deemed to be an original and all of which together shall constitute but one and the
same agreement. Counterpart signatures may be delivered by facsimile or electronic transmission,
each of which shall have the same force and effect as an original signed copy.

     1.07 Authority. Each signatory to this Amendment represents that he/she has the authority to
execute and deliver this Amendment on behalf of the party set forth above his/her signature.

[Signature pages follow.

The remainder of this page is intentionally blank.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 3 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

	 	 	 	 	 
	OWNERS:

	 	 
	 
	 	 	 	 
	CENTRAL MINNESOTA MUNICIPAL	 	 
	POWER AGENCY	 	 
	 
	 	 	 	 
	By

	 	/s/ Bob Elston	 	 
	 

	 	 	 	 
	Name:

	 	Bob Elston	 	 
	Title:

	 	President	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 4 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

OWNERS:

HEARTLAND CONSUMERS POWER

DISTRICT

	 	 	 	 	 
	By

	 	/s/ Mike McDowell
	 	 
	 

	 	 	 	 
	Name:

	 	Mike McDowell	 	 
	Title:

	 	General Manager/CEO	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 5 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

	 	 	 	 	 
	OWNERS:

	 	 
	 
	SOUTHERN MINNESOTA MUNICIPAL	 	 
	POWER AGENCY	 	 
	 
	 	 	 	 
	By

	 	/s/ Raymond A. Hayward	 	 
	 

	 	 	 	 
	Name:

	 	Raymond A. Hayward	 	 
	Title:

	 	Executive Director & CEO	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 6 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

OWNERS:

WESTERN MINNESOTA MUNICIPAL

POWER AGENCY

	 	 	 	 	 
	By

	 	/s/ Thomas J. Heller
	 	 
	 

	 	 	 	 
	Name:

	 	Thomas J. Heller	 	 
	Title:

	 	Asst. Secretary & Asst. Treasurer	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 7 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

OWNERS:

GREAT RIVER ENERGY

	 	 	 	 	 
	By

	 	/s/ Eric J. Olsen
	 	 
	 

	 	 	 	 
	Name:

	 	Eric J. Olsen	 	 
	Title:

	 	VP & General Counsel	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 8 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

OWNERS:

MONTANA-DAKOTA UTILITIES CO.,

a Division of MDU Resources Group, Inc.

	 	 	 	 	 
	By

	 	/s/ Bruce Imsdahl
	 	 
	 

	 	 	 	 
	Name:

	 	Bruce Imsdahl	 	 
	Title:

	 	President & CEO	 	 

[Signatures continued on next page.]

Amendment No. 6 to Participation Agreement

September 20, 2007

- 9 -

 

     IN WITNESS WHEREOF, the Parties have caused their names to be hereunto subscribed by their
officers thereunto duly authorized, intending thereby that this Amendment shall be effective as of
the date set forth above.

OWNERS:

OTTER TAIL CORPORATION

dba Otter Tail Power Company

	 	 	 	 	 
	By

	 	/s/ Chuck MacFarlane
	 	 
	 

	 	 	 	 
	Name:

	 	Chuck MacFarlane	 	 
	Title:

	 	President	 	 

Amendment No. 6 to Participation Agreement

September 20, 2007

- 10 -

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