Document:

hifr-ex101_142.htm

Exhibit 10.1

 

FIRST AMENDMENT

to Tenth Amended and Restated Rent Supplement

(McAllen Lease)

June 20, 2016

 

This First Amendment to the Tenth Amended and Restated Rent Supplement (the “First Amendment”) between Sharyland Distribution and Transmission Services, L.L.C. (“Lessor”) and Sharyland Utilities, L.P. (“Lessee”) is executed and delivered on June 20, 2016 and is effective as of June 13, 2016.  Capitalized terms used herein that are not otherwise defined will have the meanings assigned to such terms in the McAllen Lease (as defined below).

 

WHEREAS, Lessor and Lessee are Parties to a Third Amended and Restated Lease Agreement (McAllen System) dated as of December 1, 2014 (as amended from time to time in accordance with its terms, the “McAllen Lease”);

 

WHEREAS, on February 26, 2016, the Parties executed the Tenth Amended and Restated Rent Supplement (McAllen Lease) effective as of January 1, 2016 (the “Tenth Amended Supplement”); and

 

WHEREAS, the Parties now desire to amend the Tenth Amended Supplement as set forth herein.

 

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties hereto agree to the following:

 

1.Amendment.  The table titled “ERCOT Transmission Rate Allocation” is hereby amended by deleting the table in its entirety and replacing the same with the following:

 

ERCOT Transmission Rate

	
Allocation:
	
before June 20, 2013:  100%

	
 
	
between June 20 and October 17, 2013:  27.8%

	
 
	
between October 17, 2013 and February 25, 2014:  11.8%

	
 
	
between February 25, 2014 and May 1, 2014:  8.2%

	
 
	
between May 1, 2014 and October 3, 2014:  8.6%

	
 
	
between October 3, 2014 and March 31, 2015:  12.0%

	
 
	
between April 1, 2015 and October 31, 2015:  11.9%

	
 
	
between November 1, 2015 and June 13, 2016:  10.6%

	
 
	
between June 13, 2016 and October 1, 2016:  9.8%

	
 
	
starting October 1, 2016:  8.2%

 

2.Continuing Effect.  Except as expressly amended by this First Amendment, the provisions of each of the McAllen Lease and the Tenth Amended Supplement are and shall remain in full force and effect.  

 

[Signatures on Following Page]

 

McAllen Lease

 

The Parties have executed this First Amendment as of the date set forth above.

 

 

	
 
	
SHARYLAND UTILITIES, L.P.

 

	
 
	
By:/s/ Greg Wilks

	
 
	
Name:Greg Wilks

	
 
	
Title:Chief Financial Officer

 

 

	
 
	
SHARYLAND DISTRIBUTION &

	
 
	
TRANSMISSION SERVICES, L.L.C.

 

	
 
	
By:/s/ Brant Meleski

	
 
	
Name:Brant Meleski

	
 
	
Title:Chief Financial Officer

 

McAllen Leasehifr-ex102_141.htm

Exhibit 10.2

 

FIRST AMENDMENT

to Tenth Amended and Restated Rent Supplement

(Stanton/Brady/Celeste Lease)

June 20, 2016

 

This First Amendment to the Tenth Amended and Restated Rent Supplement (the “First Amendment”) between Sharyland Distribution and Transmission Services, L.L.C. (“Lessor”) and Sharyland Utilities, L.P. (“Lessee”) is executed and delivered on June 20, 2016 and is effective as of June 13, 2016.  Capitalized terms used herein that are not otherwise defined will have the meanings assigned to such terms in the S/B/C Lease (as defined below).

 

WHEREAS, Lessor and Lessee are Parties to a Third Amended and Restated Lease Agreement (Stanton/Brady/Celeste Assets) dated as of December 31, 2015 (as amended from time to time in accordance with its terms, the “S/B/C Lease”);

 

WHEREAS, on February 26, 2016, the Parties executed the Tenth Amended and Restated Rent Supplement (Stanton/Brady/Celeste Lease) effective as of January 1, 2016 (the “Tenth Amended Supplement”); and

 

WHEREAS, the Parties now desire to amend the Tenth Amended Supplement as set forth herein.

 

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties hereto agree to the following:

 

1.Amendment.  The table titled “ERCOT Transmission Rate Allocation” is hereby amended by deleting the table in its entirety and replacing the same with the following:

 

ERCOT Transmission Rate

	
Allocation:
	
before June 20, 2013:  0%

	
 
	
between June 20 and October 17, 2013:  6.9%

	
 
	
between October 17 and February 25, 2014:  3.4%

	
 
	
between February 25 and May 1, 2014:  8.5%

	
 
	
between May 1 and October 3, 2014:  8.3%

	
 
	
between October 3, 2014 and March 31, 2015:  7.3%

	
 
	
between April 1, 2015 and October 31, 2015:  10.5%

	
 
	
between November 1, 2015 and June 13, 2016:  17.8%

	
 
	
between June 13, 2016 and October 1, 2016:  20.4%

	
 
	
starting on October 1, 2016:  20.5%

 

2.Continuing Effect.  Except as expressly amended by this First Amendment, the provisions of each of the S/B/C Lease and the Tenth Amended Supplement are and shall remain in full force and effect.  

 

[Signatures on Following Page]

 

Stanton Brady Celeste Lease

 

The Parties have executed this First Amendment as of the date set forth above.

 

 

	
 
	
SHARYLAND UTILITIES, L.P.

 

	
 
	
By:/s/ Greg Wilks

	
 
	
Name:Greg Wilks

	
 
	
Title:Chief Financial Officer

 

 

	
 
	
SHARYLAND DISTRIBUTION &

	
 
	
TRANSMISSION SERVICES, L.L.C.

 

	
 
	
By:/s/ Brant Meleski

	
 
	
Name:Brant Meleski

	
 
	
Title:Chief Financial Officer

 

Stanton Brady Celeste Leasehifr-ex103_140.htm

Exhibit 10.3

 

FIRST AMENDMENT

to Eighth Amended and Restated Rent Supplement

(CREZ Lease)

June 20, 2016

 

This First Amendment to the Eighth Amended and Restated Rent Supplement (the “First Amendment”) between Sharyland Distribution and Transmission Services, L.L.C. (“Lessor”) and Sharyland Utilities, L.P. (“Lessee”) is executed and delivered on June 20, 2016 and is effective as of June 13, 2016.  Capitalized terms used herein that are not otherwise defined will have the meanings assigned to such terms in the CREZ Lease (as defined below).

 

WHEREAS, Lessor and Lessee are Parties to a Third Amended and Restated Lease Agreement (CREZ Assets) dated as of December 4, 2015 (as amended from time to time in accordance with its terms, the “CREZ Lease”);

 

WHEREAS, on February 26, 2016, the Parties executed the Eighth Amended and Restated Rent Supplement (CREZ Lease) effective as of January 1, 2016 (the “Eighth Amended Supplement”); and

 

WHEREAS, the Parties now desire to amend the Eighth Amended Supplement as set forth herein.

 

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties hereto agree to the following:

 

1.Amendment.  The table titled “ERCOT Transmission Rate Allocation” is hereby amended by deleting the table in its entirety and replacing the same with the following:

 

ERCOT Transmission Rate

	
Allocation:
	
between June 20 and October 17, 2013:  65.3%

	
 
	
between October 17, 2013 and February 25, 2014:  84.8%

	
 
	
between February 25, 2014 and May 1, 2014:  83.3%

	
 
	
between May 1, 2014 and October 3, 2014:  80.9%

	
 
	
between October 3, 2014 and March 31, 2015:  75.8%

	
 
	
between April 1, 2015 and October 31, 2015:  72.7%

	
 
	
between November 1, 2015 and June 13, 2016:  65.6%

	
 
	
between June 13, 2016 and October 1, 2016:  56.8%

	
 
	
starting October 1, 2016:  47.7%

 

2.Continuing Effect.  Except as expressly amended by this First Amendment, the provisions of each of the CREZ Lease and the Eighth Amended Supplement are and shall remain in full force and effect.  

 

[Signatures on Following Page]

 

CREZ LEASE

 

The Parties have executed this First Amendment as of the date set forth above.

 

 

	
 
	
SHARYLAND UTILITIES, L.P.

 

	
 
	
By:/s/ Greg Wilks

	
 
	
Name:Greg Wilks

	
 
	
Title:Chief Financial Officer

 

 

	
 
	
SHARYLAND DISTRIBUTION &

	
 
	
TRANSMISSION SERVICES, L.L.C.

 

	
 
	
By:/s/ Brant Meleski

	
 
	
Name:Brant Meleski

	
 
	
Title:Chief Financial Officer

 

CREZ LEASEhifr-ex104_139.htm

Exhibit 10.4

 

FIRST AMENDMENT

to Fifth Amended and Restated Rent Supplement

(ERCOT Transmission Lease)

June 20, 2016

 

This First Amendment to the Fifth Amended and Restated Rent Supplement (the “First Amendment”) between Sharyland Distribution and Transmission Services, L.L.C. (“Lessor”) and Sharyland Utilities, L.P. (“Lessee”) is executed and delivered on June 20, 2016 and is effective as of June 13, 2016.  Capitalized terms used herein that are not otherwise defined will have the meanings assigned to such terms in the ERCOT Transmission Lease (as defined below).

 

WHEREAS, Lessor and Lessee are Parties to a Lease Agreement (ERCOT Transmission Assets) dated as of December 1, 2014 (as amended from time to time in accordance with its terms, the “ERCOT Transmission Lease”);

 

WHEREAS, on February 26, 2016, the Parties executed the Fifth Amended and Restated Rent Supplement (ERCOT Transmission Lease) effective as of January 1, 2016 (the “Fifth Amended Supplement”); and

 

WHEREAS, the Parties now desire to amend the Fifth Amended Supplement as set forth herein.

 

NOW THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties hereto agree to the following:

 

1.Amendment.  The table titled “ERCOT Transmission Rate Allocation” is hereby amended by deleting the table in its entirety and replacing the same with the following:

 

ERCOT Transmission Rate

	
Allocation:
	
before October 3, 2014:  0%

	
 
	
between October 3, 2014 and March 31, 2015:  2.1%

	
 
	
between April 1, 2015 and October 31, 2015:  2.1%

	
 
	
between November 1, 2015 and June 13, 2016:  3.6%

	
 
	
between June 13, 2016 and October 1, 2016:  4.1%

	
 
	
starting October 1, 2016:  3.4%

 

2.Continuing Effect.  Except as expressly amended by this First Amendment, the provisions of each of the ERCOT Transmission Lease and the Fifth Amended Supplement are and shall remain in full force and effect.  

 

[Signatures on Following Page]

 

ERCOT Transmission Lease

 

The Parties have executed this First Amendment as of the date set forth above.

 

 

	
 
	
SHARYLAND UTILITIES, L.P.

 

	
 
	
By:/s/ Greg Wilks

	
 
	
Name:Greg Wilks

	
 
	
Title:Chief Financial Officer

 

 

	
 
	
SHARYLAND DISTRIBUTION &

	
 
	
TRANSMISSION SERVICES, L.L.C.

 

	
 
	
By:/s/ Brant Meleski

	
 
	
Name:Brant Meleski

	
 
	
Title:Chief Financial Officer

 

ERCOT Transmission Lease

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