Document:

vc_8k1110ex101.htm

Exhibit 10.1

 

 

 

FIRST AMENDMENT TO CREDIT AGREEMENT

This FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into and effective as of November 10, 2011 among VECTREN UTILITY HOLDINGS, INC., an Indiana corporation (the "Borrower"), the Guarantors party hereto, the Lenders party hereto and BANK OF AMERICA, N.A., as Administrative Agent (the "Administrative Agent").  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement (as defined below).

RECITALS

WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent are party to that certain Credit Agreement dated as of September 30, 2010 (as amended and modified from time to time, the "Credit Agreement");

WHEREAS, the Borrower has requested certain amendments to the Credit Agreement; and

WHEREAS, the Lenders (after giving effect to any changes to Schedule 2.01 to the Credit Agreement pursuant to this Amendment) agree to such amendments, subject to the terms set forth herein, as more fully set forth below.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

AGREEMENT

1.           Amendments to Credit Agreement.

(a)           The pricing grid in the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

	
Pricing Tier

	
Debt Rating

	
Commitment Fee

	
Letters of Credit

	
Eurodollar Rate Loans and Swing Line Loans bearing interest at the LIBOR Market Index Rate

	
Base Rate Loans

	
I

	
≥ A+/A1

	
0.075%

	
0.875%

	
0.875%

	
0.000%

	
II

	
A/A2

	
0.100%

	
1.000%

	
1.000%

	
0.000%

	
III

	
A-/A3

	
0.125%

	
1.125%

	
1.125%

	
0.125%

	
IV

	
BBB+/Baa1

	
0.175%

	
1.250%

	
1.250%

	
0.250%

	
V

	
BBB/Baa2

	
0.225%

	
1.500%

	
1.500%

	
0.500%

	
VI

	
≤ BBB- or unrated/

Baa3 or unrated

	
0.275%

	
1.750%

	
1.750%

	
0.750%

  

  

  

(b)           The definition of “Interest Period” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

"Interest Period" means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date seven days or one, two, three or six months thereafter, or any time period between fourteen (14) days and sixty (60) days as selected by the Borrower in its Loan Notice; provided that:

(i)           any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

(ii)           any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;

(iii)           no Interest Period shall extend beyond the Maturity Date;

(iv)           in the case of any Borrowing for an Interest Period of less than thirty (30) days, the Eurodollar Rate for Eurodollar Rate Loans with an Interest Period of one (1) month shall apply; and

(v)           in the case of any Borrowing for an Interest Period of more than thirty (30) but less than sixty (60) days, the Eurodollar Rate for Eurodollar Rate Loans with an Interest Period of two (2) months shall apply.

(c)           The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

"Maturity Date" means September 30, 2016 or, with respect to some or all of the Lenders if such date is extended pursuant to Section 2.16, September 30, 2017 and/or September 30, 2018; provided, however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

(d)           Subsection (a) of Section 2.16 of the Credit Agreement is hereby amended and restated to read as follows:

(a)           Request for Extension.  At any time within ninety days of the fifth anniversary of the Closing Date, the Borrower may, on a one-time basis, by notice to the Lenders, request that the Lenders extend the Maturity Date for one additional year.  At any time after the fifth anniversary of the Closing Date but within ninety days of the sixth anniversary of the Closing Date, the Borrower may, on a one-time basis, by notice to the Lenders, request that the Lenders

  

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extend the then current Maturity Date for one additional year.  Each Lender shall, by notice to the Borrower and the Administrative Agent not later than the 30th day following the date of any such request from the Borrower, advise the Borrower whether or not it agrees to extend the Maturity Date as requested.   Each decision by a Lender shall be in the sole discretion of such Lender, and any Lender that has not so advised the Administrative Agent by the 30th day following the date of such request from the Borrower shall be deemed to have declined to agree to such extension.  Each of the parties hereto acknowledges and agrees that no Lender shall be obligated to extend the Maturity Date pursuant to the terms of this Section 2.16.  Any Lender who fails to agree to the extension request of the Company, as set forth herein, shall be referred to, for purposes of this Section, as a "Non-Extending Lender".

(e)           Section 7.12 is hereby amended to add the following clause (g) immediately following clause (f):

(g)           Loans by the Financing Subsidiaries to the Borrower or the Guarantors solely in connection with the Reorganization in an aggregate amount not to exceed the amount of the IGC Indebtedness.

(f)           Schedule 2.01 to the Credit Agreement is hereby amended and restated in the form attached hereto as Schedule 2.01.

2.           Effectiveness; Conditions Precedent.  This Amendment shall be effective when all of the conditions set forth in this Section 2 shall have been satisfied, in each case in form and substance acceptable to the Administrative Agent.

(a)           Execution and Delivery of Amendment.  Receipt by the Administrative Agent of copies of this Amendment duly executed by the Borrower, the Guarantors, the Lenders and the Administrative Agent.

(b)           Commitment Increases/New Lenders. Receipt by the Administrative Agent of duly executed assignment agreements and/or joinder agreements evidencing any change in the commitment for any existing Lender or the addition of any new Lender as reflected on the revised Schedule 2.01 to the Credit Agreement.

(c)           Certificate/Authority Documents.  Receipt by the Administrative Agent of certificates of the Loan Parties with (i) resolutions attached thereto, (ii) certifications that the Organization Documents of each of the Loan Parties delivered on the Closing Date in connection with the Credit Agreement have not been amended, supplemented or otherwise modified and remain in full force and effect as of the date hereof and (iii) good standing certificates as of a recent date for each Loan Party.

(d)           Opinions.  Receipt by the Administrative Agent of favorable opinions from legal counsel to the Loan Parties, addressed to the Administrative Agent and the Lenders, and dated as of the date of this Amendment.

(e)           No Default. No Default or Event of Default shall exist or be continuing.

(f)           Fees and Expenses.  Payment by the Borrower of all fees and expenses then due and payable from the Borrower to the Administrative Agent.

  

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3.           Ratification of Credit Agreement.  The term "Credit Agreement" as used in each of the Loan Documents shall hereafter mean the Credit Agreement as amended and modified by this Amendment.  Except as herein specifically agreed, the Credit Agreement, as amended by this Amendment, is hereby ratified and confirmed and shall remain in full force and effect according to its terms.  Each Loan Party acknowledges and consents to the modifications set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents (including, without limitation, the indemnity obligations set forth therein) and that, after the date hereof, this Amendment shall constitute a Loan Document.

4.           Representations and Warranties.  Each Loan Party represents and warrants as follows:

(a)           It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

(b)           This Amendment has been duly executed and delivered by it and constitutes the its legal, valid and binding obligation, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

(c)           No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any Governmental Authority which has not been obtained by it or any of its Subsidiaries, is required to be obtained in connection with the execution, delivery or performance of this Amendment.

(d)           The execution and delivery of this Amendment by it will not violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on it or any of its Subsidiaries, (ii) its Organization Documents, or (iii) the provisions of any indenture, instrument or agreement to which it or any of its Subsidiaries is a party or is subject, or by which it, or its property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the creation or imposition of any Lien in, of or on its property or the property of any of its Subsidiaries pursuant to the terms of any such indenture, instrument or agreement.

(e)           The representations and warranties set forth in Article VI of the Credit Agreement applicable to it are true and correct in all material respects (or, if any such representation or warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct in all respects as drafted) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (or, if any such representation or warranty is qualified by materiality or Material Adverse Effect, it is true and correct in all respects as drafted) as of such earlier date.

(f)           No event has occurred and is continuing which constitutes a Default or an Event of Default.

5.           Release.  In consideration of the Lenders entering into this Amendment, the Loan Parties hereby release the Administrative Agent, the Swing Line Lender, the L/C Issuers, each of the Lenders, and the Administrative Agent's, the Swing Line Lender's, each of the L/C Issuers'

  

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and each of the Lenders' respective officers, employees, representatives, agents, counsel and directors from any and all actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from any action or failure to act solely in connection with the Loan Documents on or prior to the date hereof.

6.           Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Amendment by telecopy or pdf. shall be effective as an original and shall constitute a representation that an original shall be delivered promptly upon request.

7.           GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

  

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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered and this Amendment shall be effective as of the date first above written.

	
BORROWER:

	
VECTREN UTILITY HOLDINGS, INC.,

an Indiana corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President and Treasurer

	  	  	  
	  	  	  
	  	  	  
	
GUARANTORS:

	
INDIANA GAS COMPANY, INC.,

an Indiana and Ohio corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President and Treasurer

	 	 	 
	  	  	  
	  	
SOUTHERN INDIANA GAS AND ELECTRIC COMPANY,

an Indiana corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President and Treasurer

	 	 	 
	  	  	  
	  	
VECTREN ENERGY DELIVERY OF OHIO, INC.,

an Ohio corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President and Treasurer

 

  

  

  

	
ADMINISTRATIVE AGENT:

	
BANK OF AMERICA, N.A., as Administrative Agent

	  	  	  
	  	  	  
	  	
By:

	/s/ Bozena Janociak
	  	
Name:  Bozena Janociak

	  	
Title:  Assistant Vice President

 

 

	
LENDERS:

	
BANK OF AMERICA, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Carlos Morales
	  	
Name:  Carlos Morales

	  	
Title:  SVP

 

	
 

	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Allison Newman
	  	
Name:  Allison Newman

	  	
Title:  Director

 

	
 

	
JPMORGAN CHASE BANK, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ John E. Zur
	  	
Name:  John E. Zur

	  	
Title:  Authorized Officer

 

 

 

  

  

  

 

	
 

	
UNION BANK, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Jeff Fesenmaier
	  	
Name:  Jeff Fesenmaier

	  	
Title:  Vice President

 

 

	
 

	
FIFTH THIRD BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Jennifer B. Raibley
	  	
Name:  Jennifer B. Raibley

	  	
Title:  Vice President

 

	
 

	
U.S. BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Eric J. Cosgrove
	  	
Name:  Eric J. Cosgrove

	  	
Title:  Vice President

 

	
 

	
PNC BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Tracy J. Venable
	  	
Name:  Tracy J. Venable

	  	
Title:  Senior Vice President

 

  

  

  

	
 

	
THE HUNTINGTON NATIONAL BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Brian D. Smith
	  	
Name:  Brian D. Smith

	  	
Title:  Senior Vice President

	
 

	
BRANCH BANKING AND TRUST COMPANY, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Greg Branstetter
	  	
Name:  Greg Branstetter

	  	
Title:  Senior Vice President

	
 

	
OLD NATIONAL BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Wade Jenkins
	  	
Name:  Wade Jenkins

	  	
Title:  Vice President

  

  

  

 

	
Schedule 2.01

	
COMMITMENTS AND APPLICABLE PERCENTAGES

 

	
Lender

	
Revolving Commitment

	
Applicable Percentage of Revolving Commitment

	
Bank of America, N.A.

	
$49,583,334.00

	
14.166666857%

	
Wells Fargo Bank, National Association

	
$49,583,333.00

	
14.166666571%

	
JPMorgan Chase Bank, N.A.

	
$49,583,333.00

	
14.166666571%

	
Union Bank, N.A.

	
$49,583,333.00

	
14.166666571%

	
Fifth Third Bank

	
$37,916,667.00

	
10.833333429%

	
U.S. Bank National Association

	
$37,916,667.00

	
10.833333429%

	
PNC Bank, National Association

	
$37,916,667.00

	
10.833333429%

	
The Huntington National Bank

	
$14,583,333.00

	
4.166666571%

	
Branch Banking and Trust Company

	
$14,583,333.00

	
4.166666571%

	
Old National Bank

	
$8,750,000.00

	
2.500000000%

	
TOTAL

	
$350,000,000.00

	
100.000000000%vc_8k1110ex102.htm

Exhibit 10.2

 

 

 

SECOND AMENDMENT TO CREDIT AGREEMENT

This SECOND AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is entered into and effective as of November 10, 2011 among VECTREN CAPITAL, CORP., an Indiana corporation (the "Borrower"), the Guarantor party hereto, the Lenders party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the "Administrative Agent").  Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement (as defined below).

 

RECITALS

WHEREAS, the Borrower, the Guarantor, the Lenders and the Administrative Agent are party to that certain Credit Agreement dated as of September 30, 2010 (as amended and modified from time to time, the "Credit Agreement");

WHEREAS, the Borrower has requested certain amendments to the Credit Agreement; and

WHEREAS, the Lenders (after giving effect to any changes to Schedule 2.01 to the Credit Agreement pursuant to this Amendment) agree to such amendments, subject to the terms set forth herein, as more fully set forth below.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

AGREEMENT

1.           Amendments to Credit Agreement.

(a)           The pricing grid in the definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

	
Pricing Tier

	
Debt Rating

	
Commitment Fee

	
Letters of Credit

	
Eurodollar Rate Loans and Swing Line Loans bearing interest at the LIBOR Market Index Rate

	
Base Rate Loans

	
I

	
≥ A+/A1

	
0.075%

	
0.875%

	
0.875%

	
0.000%

	
II

	
A/A2

	
0.100%

	
1.000%

	
1.000%

	
0.000%

	
III

	
A-/A3

	
0.125%

	
1.125%

	
1.125%

	
0.125%

	
IV

	
BBB+/Baa1

	
0.175%

	
1.250%

	
1.250%

	
0.250%

	
V

	
BBB/Baa2

	
0.225%

	
1.500%

	
1.500%

	
0.500%

	
VI

	
≤ BBB- or unrated/

Baa3 or unrated

	
0.275%

	
1.750%

	
1.750%

	
0.750%

  

  

  

(b)           The definition of “Interest Period” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

"Interest Period" means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date seven days or one, two, three or six months thereafter, or any time period between fourteen (14) days and sixty (60) days as selected by the Borrower in its Loan Notice; provided that:

(i)           any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

(ii)           any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period;

(iii)           no Interest Period shall extend beyond the Maturity Date;

(iv)           in the case of any Borrowing for an Interest Period of less than thirty (30) days, the Eurodollar Rate for Eurodollar Rate Loans with an Interest Period of one (1) month shall apply; and

(v)           in the case of any Borrowing for an Interest Period of more than thirty (30) but less than sixty (60) days, the Eurodollar Rate for Eurodollar Rate Loans with an Interest Period of two (2) months shall apply.

(c)           The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby amended and restated to read as follows:

"Maturity Date" means September 30, 2016 or, with respect to some or all of the Lenders if such date is extended pursuant to Section 2.16, September 30, 2017 and/or September 30, 2018; provided, however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

(d)           Subsection (a) of Section 2.16 of the Credit Agreement is hereby amended and restated to read as follows:

(a)           Request for Extension.  At any time within ninety days of the fifth anniversary of the Closing Date, the Borrower may, on a one-time basis, by notice to the Lenders, request that the Lenders extend the Maturity Date for one additional year.  At any time after the fifth anniversary of the Closing Date but within ninety days of the sixth anniversary of the Closing Date, the Borrower may, on a one-time basis, by notice to the Lenders, request that the Lenders extend the then current Maturity Date for one additional year.  Each Lender shall, by notice to the Borrower and the Administrative Agent not later than the 30th day following the date of any such request from the Borrower, advise the Borrower whether or not it agrees to extend the Maturity Date as requested.

  

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Each decision by a Lender shall be in the sole discretion of such Lender, and any Lender that has not so advised the Administrative Agent by the 30th day following the date of such request from the Borrower shall be deemed to have declined to agree to such extension.  Each of the parties hereto acknowledges and agrees that no Lender shall be obligated to extend the Maturity Date pursuant to the terms of this Section 2.16.  Any Lender who fails to agree to the extension request of the Company, as set forth herein, shall be referred to, for purposes of this Section, as a "Non-Extending Lender".

(e)           Schedule 2.01 to the Credit Agreement is hereby amended and restated in the form attached hereto as Schedule 2.01.

2.           Effectiveness; Conditions Precedent.  This Amendment shall be effective when all of the conditions set forth in this Section 2 shall have been satisfied, in each case in form and substance acceptable to the Administrative Agent.

(a)           Execution and Delivery of Amendment.  Receipt by the Administrative Agent of copies of this Amendment duly executed by the Borrower, the Guarantor, the Lenders and the Administrative Agent.

(b)           Commitment Increases/New Lenders. Receipt by the Administrative Agent of duly executed assignment agreements and/or joinder agreements evidencing any change in the commitment for any existing Lender or the addition of any new Lender as reflected on the revised Schedule 2.01 to the Credit Agreement.

(c)           Certificate/Authority Documents.  Receipt by the Administrative Agent of certificates of the Loan Parties with (i) resolutions attached thereto, (ii) certifications that the Organization Documents of each of the Loan Parties delivered on the Closing Date in connection with the Credit Agreement have not been amended, supplemented or otherwise modified and remain in full force and effect as of the date hereof and (iii) good standing certificates as of a recent date for each Loan Party.

(d)           Opinions.  Receipt by the Administrative Agent of favorable opinions from legal counsel to the Loan Parties, addressed to the Administrative Agent and the Lenders, and dated as of the date of this Amendment.

(e)           No Default. No Default or Event of Default shall exist or be continuing.

(f)           Fees and Expenses.  Payment by the Borrower of all fees and expenses then due and payable from the Borrower to the Administrative Agent.

3.           Ratification of Credit Agreement.  The term "Credit Agreement" as used in each of the Loan Documents shall hereafter mean the Credit Agreement as amended and modified by this Amendment.  Except as herein specifically agreed, the Credit Agreement, as amended by this Amendment, is hereby ratified and confirmed and shall remain in full force and effect according to its terms.  Each Loan Party acknowledges and consents to the modifications set forth herein and agrees that this Amendment does not impair, reduce or limit any of its obligations under the Loan Documents (including, without limitation, the indemnity obligations set forth therein) and that, after the date hereof, this Amendment shall constitute a Loan Document.

  

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4.           Representations and Warranties.  Each Loan Party represents and warrants as follows:

(a)           It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

(b)           This Amendment has been duly executed and delivered by it and constitutes the its legal, valid and binding obligation, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.

(c)           No order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any Governmental Authority which has not been obtained by it or any of its Subsidiaries, is required to be obtained in connection with the execution, delivery or performance of this Amendment.

(d)           The execution and delivery of this Amendment by it will not violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on it or any of its Subsidiaries, (ii) its Organization Documents, or (iii) the provisions of any indenture, instrument or agreement to which it or any of its Subsidiaries is a party or is subject, or by which it, or its property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the creation or imposition of any Lien in, of or on its property or the property of any of its Subsidiaries pursuant to the terms of any such indenture, instrument or agreement.

(e)           The representations and warranties set forth in Article VI of the Credit Agreement applicable to it are true and correct in all material respects (or, if any such representation or warranty is qualified by materiality or Material Adverse Effect, it shall be true and correct in all respects as drafted) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (or, if any such representation or warranty is qualified by materiality or Material Adverse Effect, it is true and correct in all respects as drafted) as of such earlier date.

(f)           No event has occurred and is continuing which constitutes a Default or an Event of Default.

5.           Release.  In consideration of the Lenders entering into this Amendment, the Loan Parties hereby release the Administrative Agent, the Swing Line Lender, the L/C Issuers, each of the Lenders, and the Administrative Agent's, the Swing Line Lender's, each of the L/C Issuers' and each of the Lenders' respective officers, employees, representatives, agents, counsel and directors from any and all actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from any action or failure to act solely in connection with the Loan Documents on or prior to the date hereof.

6.           Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this

  

4

  

Amendment by telecopy or pdf. shall be effective as an original and shall constitute a representation that an original shall be delivered promptly upon request.

7.           GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS.

  

5

  

IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Amendment to be duly executed and delivered and this Amendment shall be effective as of the date first above written.

	
BORROWER:

	
VECTREN CAPITAL, CORP., an Indiana corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President, Treasurer and Assistant Secretary

	  	  	  
	  	  	  
	  	  	  
	
GUARANTOR:

	
VECTREN CORPORATION, an Indiana corporation

	  	  	  
	  	  	  
	  	
By:

	/s/ Robert L. Goocher
	  	
Name:  Robert L. Goocher

	  	
Title:  Vice President and Treasurer

	  	  	  
	  	  	  
	  	  	  
	
ADMINISTRATIVE AGENT:

	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent

	  	  	  
	  	  	  
	  	
By:

	/s/ Allison Newman
	  	
Name:  Allison Newman

	  	
Title:  Director

	  	  	  

 

 

 

  

  

  

 

	

LENDERS:

	
WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Allison Newman
	  	
Name:  Allison Newman

	  	
Title:  Director

 

 

	 	
BANK OF AMERICA, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Carlos Morales
	  	
Name:  Carlos Morales

	  	
Title:  SVP

 

 

	
 

	
JPMORGAN CHASE BANK, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ John E. Zur
	  	
Name:  John E. Zur

	  	
Title:  Authorized Officer

 

 

 

	
 

	
UNION BANK, N.A., as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Jeff Fesenmaier
	  	
Name:  Jeff Fesenmaier

	  	
Title:  Vice President

 

 

  

  

  

	
 

	
FIFTH THIRD BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Jennifer B. Raibley
	  	
Name:  Jennifer B. Raibley

	  	
Title:  Vice President

 

	
 

	
U.S. BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Eric J. Cosgrove
	  	
Name:  Eric J. Cosgrove

	  	
Title:  Vice President

 

	
 

	
PNC BANK, NATIONAL ASSOCIATION, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Tracy J. Venable
	  	
Name:  Tracy J. Venable

	  	
Title:  Senior Vice President

 

 

 

	
 

	
THE HUNTINGTON NATIONAL BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Brian D. Smith
	  	
Name:  Brian D. Smith

	  	
Title:  Senior Vice President

  

  

  

	
 

	
BRANCH BANKING AND TRUST COMPANY, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Greg Branstetter
	  	
Name:  Greg Branstetter

	  	
Title:  Senior Vice President

	
 

	
OLD NATIONAL BANK, as a Lender

	  	  	  
	  	  	  
	  	
By:

	/s/ Wade Jenkins
	  	
Name:  Wade Jenkins

	  	
Title:  Vice President

 

 

 

  

  

  

	
Schedule 2.01

	
COMMITMENTS AND APPLICABLE PERCENTAGES

	
Lender

	
Revolving Commitment

	
Applicable Percentage of Revolving Commitment

	
Wells Fargo Bank, National Association

	
$35,416,667.00

	
14.166666800%

	
Bank of America, N.A.

	
$35,416,666.00

	
14.166666400%

	
JPMorgan Chase Bank, N.A.

	
$35,416,667.00

	
14.166666800%

	
Union Bank, N.A.

	
$35,416,667.00

	
14.166666800%

	
Fifth Third Bank

	
$27,083,333.00

	
10.833333200%

	
U.S. Bank National Association

	
$27,083,333.00

	
10.833333200%

	
PNC Bank, National Association

	
$27,083,333.00

	
10.833333200%

	
The Huntington National Bank

	
$10,416,667.00

	
4.166666800%

	
Branch Banking and Trust Company

	
$10,416,667.00

	
4.166666800%

	
Old National Bank

	
$6,250,000.00

	
2.500000000%

	
TOTAL

	
$250,000,000.00

	
100.000000000%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]