Document:

Exhibit 10.2(c)

 

EXECUTION VERSION

 

SECOND AMENDMENT TO
FIRST LIEN SENIOR SECURED PROMISSORY NOTE

 

This SECOND
AMENDMENT TO FIRST LIEN SENIOR SECURED PROMISSORY NOTE, dated as of March 27,
2008 (“Agreement”), is by and among NEP EQUIPMENT FINANCE CO., LLC, a
Delaware limited liability company (“Borrower”), the financial
institutions party hereto as Lenders and HSH NORDBANK AG, NEW YORK BRANCH, as
the Collateral Agent and the Administrative Agent for the Lenders (in such
capacities, together with its successors in such capacities, the “Agent”).

 

RECITALS

 

A.            Lenders,
Agent, and Borrower (collectively, the “Parties”) entered into the First
Lien Senior Secured Promissory Note, dated as of October 26, 2007 (as
amended, supplemented or modified from time to time, the “Turbine Supply
Loan Agreement”; capitalized terms used but not defined in this Agreement
have the meanings ascribed to them in the Turbine Supply Loan Agreement).

 

B.            The
Parties wish to provide for an amendment in respect of certain provisions of the
Turbine Supply Loan Agreement, all on the terms and conditions set forth in
this Agreement.

 

NOW, THEREFORE, in
consideration of the premises set forth above, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
Parties hereto hereby agree as follows:

 

1.     CERTAIN
AMENDMENTS

 

1.1           Section 5(a)(viii)(ii) of
the Turbine Supply Loan Agreement is hereby amended by adding the following
sentence at the end thereof: “Notwithstanding the foregoing, the financial
statements of the Sponsor required to be delivered under this Section 5(a)(viii)(ii)
for the fiscal year ended 2007 shall not be required to be delivered to the
Administrative Agent until April 30, 2008.”

 

1.2           The foregoing amendment is limited in
effect and, except as specifically set forth in this Section 1,
shall apply only as expressly set forth in this Agreement and shall not
constitute a waiver, modification or amendment of any other provision of the
Turbine Supply Loan Agreement or any other Basic Document.  The Turbine Supply Loan Agreement is modified
only by the express provisions of this Agreement, and shall as so modified
remain in full force and effect and is hereby ratified and confirmed by the
Borrower in all respects.

 

2.     MISCELLANEOUS

 

2.1   Effectiveness.  This Agreement shall become effective upon
the execution and delivery thereof by the Agent, the Majority Lenders and the
Borrower.

 

 

2.2   Headings Descriptive.  The headings of the several Sections and
subsections of this Agreement are inserted for convenience only and shall not
in any way affect the meaning or construction of any provision of this
Agreement.

 

2.3   Successors and Assigns.  This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

 

2.4   Counterparts.  This Agreement may be executed in any number
of counterparts and by the different parties hereto on separate counterparts,
each of which when so executed and delivered shall be an original, but all of
which shall together constitute one and the same instrument.

 

2.5   Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(EXCLUDING ANY CONFLICT-OF-LAW OR CHOICE-OF-LAW RULES WHICH MIGHT LEAD TO THE
APPLICATION OF THE INTERNAL LAWS OF ANOTHER JURISDICTION).

 

[Signature page follows]

 

 

IN WITNESS
WHEREOF, the Parties to this Agreement have caused this Agreement to be
executed by their duly authorized representatives as of the day and year first
above written.

 

 

	
   

  	
  NEP EQUIPMENT FINANCE CO., LLC, a 

  Delaware  limited
  liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher Lowe

  
	
   

  	
   

  	
  Name:     Christopher Lowe

  
	
   

  	
   

  	
  Title:       Vice President

  

 

 

	
  HSH NORDBANK AG, NEW YORK BRANCH, as
  Administrative Agent, Collateral Agent, Syndication Agent, Bookrunner,
  Mandated Lead Arranger and a Lender

  	
  KEYBANK NATIONAL ASSOCIATION, as 

  Lead Arranger and a Lender

  
	
   

  	
  By:

  	
  /s/
  Paul J. Pace

  
	
   

  	
   

  	
  Name:     Paul J. Pace

  
	
   

  	
   

  	
  Title:       Vice President

  
	
  By:

  	
  /s/
  Tony K. Muoser

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Tony
  K. Muoser

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Senior
  Vice President

  HSH Nordbank AG,

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York Branch

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/  Matthew Meares

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Matthew
  Meares

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Assistant
  Vice President

  HSH Nordbank AG,

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New
  York Branch

  	
   

  	
   

  	
   

  

 

 

	
  DEXIA CRÉDIT  LOCAL, NEW YORK 

  BRANCH,  as a Lender

  	
  ALLIED IRISH BANKS, P.L.C.,

  as a Lender

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Daniel Ivanier

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Daniel
  Ivanier

  	
   

  	
  By:

  	
  /s/
  Vaughn Buck

  
	
   

  	
  Title:

  	
  General
  Manager

  	
   

  	
   

  	
  Name:     Vaughn Buck

  
	
   

  	
   

  	
   

  	
  Title:       Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Kevin Soucy

  	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Kevin
  Soucy

  	
   

  	
  By:

  	
  /s/
  David O’Driscoll

  
	
   

  	
  Title:

  	
  Director

  	
   

  	
   

  	
  Name:     David O’Driscoll

  
	
   

  	
   

  	
   

  	
  Title:       Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES,

as a Lender

 

 

	
  By:

  	
  /s/  Andy Campbell

  	
   

  	
   

  	
   

  
	
   

  	
  Name:     Andy Campbell

  	
   

  	
   

  	
   

  
	
   

  	
  Title:       Senior Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  James Boyle

  	
   

  	
   

  	
   

  
	
   

  	
  Name:     James Boyle

  	
   

  	
   

  	
   

  
	
   

  	
  Title:       Vice President

  	
   

  	
   

  	
   

  

 

 

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA,

as a Lender

 

 

	
  By:

  	
  /s/
  Ric E. Abel

  	
   

  	
   

  	
   

  
	
   

  	
  Name:     Ric E. Abel

  	
   

  	
   

  	
   

  
	
   

  	
  Title:       Vice PresidentExhibit 10.2(d)

 

EXECUTION VERSION

 

THIRD AMENDMENT TO
FIRST LIEN SENIOR SECURED PROMISSORY NOTE

 

This THIRD
AMENDMENT TO FIRST LIEN SENIOR SECURED PROMISSORY NOTE, dated as of March 31,
2008 (“Agreement”), by and among NEP EQUIPMENT FINANCE CO., LLC, a Delaware
limited liability company (“Borrower”), the financial institutions party
hereto as Lenders and HSH NORDBANK AG, NEW YORK BRANCH, as the Collateral Agent
and the Administrative Agent for the Lenders (in such capacities, together with
its successors in such capacities, the  “Agent”).

 

RECITALS

 

A.            Lenders,
Agent, and Borrower (collectively, the “Parties”) entered into the First
Lien Senior Secured Promissory Note, dated as of October 26, 2007 (as
amended by that certain First Amendment to First Lien Senior Secured Promissory
Note, dated as of February 13, 2008, and as amended by that certain Second
Amendment to First Lien Senior Secured Promissory Note, dated as of March 27,
2008, and as may be further amended, supplemented or modified from time to time,
the “Turbine Supply Loan Agreement”; capitalized terms used but not
defined in this Agreement have the meanings ascribed to them in the Turbine
Supply Loan Agreement).

 

B.            The
Parties wish to provide for an amendment in respect of  certain provisions of the Turbine
Supply Loan Agreement, all on the terms and conditions set forth in this
Agreement.

 

NOW, THEREFORE, in
consideration of the premises set forth above, and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
Parties hereto hereby agree as follows:

 

1.     CERTAIN
AMENDMENTS

 

1.1   The Parties hereby agree to amend the Turbine
Supply Loan Agreement as follows:

 

1.1.1        The
definition of “Applicable Margin” set forth in the Turbine Supply Loan
Agreement is hereby deleted in its entirety and replaced with the following:

 

“              “Applicable
Margin” shall mean (a) with respect to any LIBO Rate Loans, 2.75% per
annum and (b) with respect to any Base Rate Loans, 1.75%
per annum.”

 

1.1.2        The
reference to “0.75%” in the first sentence of Section 2(h)(ii) of the Turbine Supply Loan Agreement is hereby
deleted in its entirety and replaced with “1.375%”

 

 

1.2   The foregoing amendments are limited in
effect and, except as specifically set forth in this Section 1,
shall apply only as expressly set forth in this Agreement and shall not
constitute a waiver, modification or amendment of any other provision of the
Turbine Supply Loan Agreement or any other Basic Document.  The Turbine Supply Loan Agreement is modified
only by the express provisions of this Agreement, and shall as so modified
remain in full force and effect and is hereby ratified and confirmed by the
Borrower in all respects.

 

2.     MISCELLANEOUS

 

2.1   Effectiveness.  This Agreement shall become effective upon
the execution and delivery thereof by the Agent, the Majority Lenders and the
Borrower.

 

2.2   Headings Descriptive.  The headings of the several Sections and
subsections of this Agreement are inserted for convenience only and shall not
in any way affect the meaning or construction of any provision of this
Agreement.

 

2.3   Successors and Assigns.  This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns.

 

2.4   Counterparts.  This Agreement may be executed in any number
of counterparts and by the different parties hereto on separate counterparts,
each of which when so executed and delivered shall be an original, but all of
which shall together constitute one and the same instrument.

 

2.5   Governing Law.  THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
(EXCLUDING ANY CONFLICT-OF-LAW OR CHOICE-OF-LAW RULES WHICH MIGHT LEAD TO THE
APPLICATION OF THE INTERNAL LAWS OF ANOTHER JURISDICTION).

 

[Signature page follows]

 

 

IN WITNESS
WHEREOF, the Parties to this Agreement have caused this Agreement to be
executed by their duly authorized representatives as of the day and year first
above written.

 

 

	
   

  	
  NEP EQUIPMENT FINANCE CO., LLC, a 

  Delaware  limited
  liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Christopher Lowe

  
	
   

  	
   

  	
  Name:     Christopher Lowe

  
	
   

  	
   

  	
  Title:       Vice President

  

 

 

	
  HSH NORDBANK AG, NEW YORK BRANCH, as
  Administrative Agent, Collateral Agent, Syndication Agent, Bookrunner,
  Mandated Lead Arranger and a Lender

  	
  KEYBANK NATIONAL ASSOCIATION, as 

  Lead Arranger and a Lender

  
	
   

  	
  By:

  	
  /s/
  Paul J. Pace

  
	
   

  	
  Name:     Paul J. Pace

  
	
   

  	
  Title:       Vice President

  
	
  By:

  	
  /s/
  Tony K. Muoser

  	
   

  	
   

  	
   

  
	
  Name:     Tony K. Muoser

  	
   

  	
   

  
	
  Title:       Senior Vice President

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Matthew Meares

  	
   

  	
   

  	
   

  
	
  Name:     Matthew Meares

  	
   

  	
   

  
	
  Title:       Assistant Vice President

  	
   

  	
   

  

 

 

	
  DEXIA CRÉDIT  LOCAL, NEW YORK 

  BRANCH,  as a Lender

  	
  ALLIED IRISH BANKS, P.L.C.,

  as a Lender

  
	
   

  	
   

  
	
  By:

  	
  /s/
  Daniel Ivanier

  	
   

  	
   

  	
   

  
	
  Name:     Daniel Ivanier

  	
  By:

  	
  /s/
  Robert F. Moyle

  
	
  Title:       General Manager

  	
  Name:     Robert F. Moyle

  
	
   

  	
  Title:       Senior Vice President

  
	
  By:

  	
  /s/
  Kevin Soucy

  	
   

  	
   

  	
   

  
	
  Name:     Kevin Soucy

  	
  By:

  	
  /s/
  Aidan Lanigan

  
	
  Title:       Director

  	
  Name:     Aidan Lanigan

  
	
   

  	
  Title:       Vice President

  

 

 

COMMERZBANK AG, NEW YORK AND GRAND CAYMAN BRANCHES,
as a Lender

 

 

	
  By:

  	
  /s/ Andrew
  Campbell

  	
   

  	
   

  	
   

  
	
  Name:     Andrew Campbell

  	
   

  	
   

  	
   

  
	
  Title:       Senior Vice President

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Janet Berry

  	
   

  	
   

  	
   

  
	
  Name:     Janet Berry

  	
   

  	
   

  	
   

  
	
  Title:       Assistant Vice President

  	
   

  	
   

  	
   

  

 

 

THE PRUDENTIAL INSURANCE COMPANY OF AMERICA,  as a Lender

 

 

	
  By:

  	
  /s/
  Ric E. Abel

  	
   

  	
   

  	
   

  
	
  Name:     Ric E. Abel

  	
   

  	
   

  	
   

  
	
  Title:       Vice President

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