Document:

exv10w88

Exhibit 10.88

EXECUTION VERSION

AMENDMENT NO. 2

          AMENDMENT NO. 2 dated as of July 22, 2010 between ITC MIDWEST LLC, (the “Borrower”), the
Lenders executing this Amendment No. 2 on the signature pages hereto (the “Lenders”) and
JPMORGAN CHASE BANK, N.A., in its capacity as Administrative Agent under the Credit Agreement
referred to below (in such capacity, the “Administrative Agent”).

          The Borrower, the lenders party thereto (including the Lenders), and the Administrative Agent are
parties to a Credit Agreement dated as of January 29, 2008 (as amended by Amendment No. 1 thereto
dated as of May 6, 2008 and as otherwise modified and supplemented and in effect from time to time,
the “Credit Agreement”), providing, subject to the terms and conditions thereof, for
extensions of credit (by means of loans and letters of credit) to be made by the Lenders to the
Borrower in an aggregate principal or face amount not exceeding $50,000,000.

          The Borrower and the Lenders party hereto wish now to amend the Credit Agreement in certain
respects, and accordingly, the parties hereto hereby agree as follows:

          Section 1. Definitions. Except as otherwise defined in this Amendment No. 2, terms defined
in the Credit Agreement are used herein as defined therein.

          Section 2. Amendments. Subject to the satisfaction of the conditions precedent specified in
Section 4 below, and effective as of the Amendment Effective Date (as defined below), the Credit
Agreement shall be amended as follows:

          2.01. Definitions. Section 1.1 of the Credit Agreement shall be amended as follows:

     (a) The definitions of “Defaulting Lender” and “Revolving Credit Commitment Percentage” in Section
1.1 of the Credit Agreement shall be amended and restated to read as follows:

     “Defaulting Lender” shall mean any Lender, as determined by the Administrative Agent, that
has (a) failed to fund any portion of its Loans or participations in Letters of Credit or Swingline
Loans within three Business Days of the date required to be funded by it hereunder, (b) notified
the Borrower, the Administrative Agent, the Letter of Credit Issuer, the Swingline Lender or any
Lender in writing that it does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements in which it commits to extend
credit, (c) failed, within

Amendment No. 2

   

 

three Business Days after written request by the Administrative Agent, acting in good faith, to
provide a certification in writing from an authorized officer of such Lender that it will comply
with its obligations to fund prospective Loans and participations in then outstanding Letters of
Credit and Swingline Loans under this Agreement, (d) otherwise failed to pay over to the
Administrative Agent or any other Lender any other amount required to be paid by it hereunder
within three Business Days of the date when due, unless the subject of a good faith dispute or (e)
(i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become
the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business, or a custodian, appointed for it, or has taken any action in
furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or
appointment or has a parent company that has become the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of
creditors or similar Person charged with reorganization or liquidation of its business, or a
custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent
to, approval of or acquiescence in any such proceeding or appointment.

     “Revolving Credit Commitment Percentage” shall mean, with respect to any Lender, the
percentage of the Total Revolving Credit Commitment represented by such Lender’s Revolving Credit
Commitment; provided that in the case of Section 2.16 when a Defaulting Lender shall exist,
“Revolving Credit Commitment Percentage” shall mean the percentage of the Total Revolving Credit
Commitment (disregarding any Defaulting Lender’s Revolving Credit Commitment) represented by such
Lender’s Revolving Credit Commitment. If the Total Revolving Credit Commitments have terminated or
expired, the Revolving Credit Commitment Percentages shall be determined based upon the Revolving
Credit Commitments most recently in effect, giving effect to any assignments and to the Lender’s
status as a Defaulting Lender at the time of determination.

     (b) The definition of “Lender Default” in Section 1.1 of the Credit Agreement shall be deleted.

     (c) The following definitions shall be added where appropriate in Section 1.1 of the Credit
Agreement:

     “Terminated Lender” shall have the meaning provided in Section 12.7(a)(ii).

     “Termination Notice Date” shall have the meaning provided in Section 12.7(a)(ii).

Amendment No. 2

 - 2 - 

 

          2.02. Change of Lending Office. Section 2.12 of the Credit Agreement shall be amended and
restated to read as follows:

     “Section 2.12. Change of Lending Office. If any Lender requests compensation under Section
2.10, or if the Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 5.3, then such Lender shall, if
requested by the Borrower, use reasonable efforts to designate a different lending office for
funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another
of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.10 or 5.3, as the
case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to
pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.”

          2.03. Defaulting Lenders. The Credit Agreement is hereby amended by adding the following
new Section 2.16:

     “Section 2.16. Defaulting Lenders. Notwithstanding any provision of this Agreement to the
contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for
so long as such Lender is a Defaulting
Lender:

     (a) fees shall cease to accrue on the unfunded portion of the Revolving Credit Commitment of such
Defaulting Lender pursuant to Section 4.1;

     (b) the Revolving Credit Commitment and Revolving Credit Exposure of such Defaulting Lender shall
not be included in determining whether all Lenders or the Required Lenders have taken or may take
any action hereunder (including any consent to any amendment or waiver pursuant to Section 12.1),
provided that any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender which affects such Defaulting Lender differently than other affected Lenders
shall require the consent of such Defaulting Lender; provided, further, that this clause
(b) shall not permit (i) an increase in such Defaulting Lender’s stated commitment amounts, (ii)
the waiver, forgiveness or reduction of the principal amount of any Indebtedness outstanding to
such Defaulting Lender or (iii) the extension of the final maturity date(s) of such Defaulting
Lenders’ portion of any of the loans or other extensions of credit or other obligations of the
Borrower owing to such Defaulting Lender, or the extension of any commitment to lend beyond the
stated termination date of such commitment, in each case without such Defaulting Lender’s consent;

Amendment No. 2

 - 3 - 

 

     (c) if any Swingline Exposure or Letter of Credit Exposure exists at the time a Lender becomes a
Defaulting Lender then:

     (i) all or any part of such Swingline Exposure and Letter of Credit Exposure shall be reallocated
among the non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment
Percentages but only to the extent (x) the sum of all non-Defaulting Lenders’ Revolving Credit
Exposures plus such Defaulting Lender’s Swingline Exposure and Letter of Credit Exposure does not
exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments and (y) the conditions
set forth in Section 6.2 are satisfied at such time; and

     (ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected,
the Borrower shall within one Business Day following notice by the Administrative Agent (x)
first, prepay Swingline Loans and (y) second, cash collateralize the amount of such
Defaulting Lender’s Letter of Credit Exposure for the benefit of the Letter of Credit Issuer in a
manner consistent with the procedures set forth in Section 10.9 for so long as such Letter of
Credit Exposure is outstanding, in an aggregate amount for the foregoing clauses (x) and (y) equal
to the amount that cannot be so reallocated;

     (iii) if the Borrower cash collateralizes any portion of the Borrower’s reimbursement obligations
pursuant to Section 2.16(c)(ii), the Borrower shall not be required to pay any fees to such
Defaulting Lender pursuant to Section 4.1(b) with respect to such Defaulting Lender’s Letter of
Credit Exposure during the period such reimbursement obligations are so cash collateralized
(provided, however, for the avoidance of doubt, such Letter of Credit Exposure shall
continue to be included in the calculation of the Revolving Credit Exposure for purposes of Section
2.8(d) and the third sentence of Section 4.1(b));

     (iv) if the Letter of Credit Exposure of any Lender is reallocated pursuant to Section 2.16(c)(i),
then the fees payable to such Lender pursuant to Section 4.1(a) and Section 4.1(b) shall be
adjusted in accordance with such Lender’s Revolving Credit Commitment Percentage; and

     (v) if any Defaulting Lender’s Letter of Credit Exposure is neither cash collateralized nor
reallocated pursuant to Section 2.16(c), then, without prejudice to any rights or remedies of the
Letter of Credit Issuer or any Lender hereunder, all

Amendment No. 2

 - 4 - 

 

commitment fees that otherwise would have been payable to such Defaulting Lender (solely with
respect to the portion of such Defaulting Lender’s Revolving Credit Commitment that was utilized by
such Letter of Credit Exposure) and Letter of Credit Fees payable under Section 4.1(b) with respect
to such Defaulting Lender’s Letter of
Credit Exposure shall be payable to the Letter of Credit Issuer until such Letter of Credit
Exposure is cash collateralized and/or reallocated; and

     (d) so long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to
fund any Swingline Loan and the Letter of Credit Issuer shall not be required to issue, amend or
increase any Letter of Credit, unless it is reasonably satisfied that the related exposure will, as
of the date of such funding, issuance, amendment or increase, be (i) 100% covered by the Revolving
Credit Commitments of the non-Defaulting Lenders and/or (ii) cash collateral will be provided by
the Borrower in accordance with Section 2.16(c)(ii), and participating interests in any such newly
issued, amended or increased Letter of Credit or newly made Swingline Loan shall be allocated among
non-Defaulting Lenders in a manner consistent with Section 2.16(c)(i) (and Defaulting Lenders
shall not participate therein).

     In the event that the Administrative Agent, the Borrower, the Letter of Credit Issuer and the
Swingline Lender each agrees that a Defaulting Lender has adequately remedied all matters that
caused such Lender to be a Defaulting Lender, then the Swingline Exposure and Letter of Credit
Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Revolving
Credit Commitment and on such date such Lender shall purchase at par such Loans of the other
Lenders (other than Swingline Loans) as the Administrative Agent shall determine may be necessary
in order for such Lender to hold such Loans in accordance with its Revolving Credit Commitment
Percentage.”

          2.04. Lender Indemnity. The Credit Agreement shall be amended by designating the existing
Section 12.5 as 12.5(a) and adding the following new Section 12.5(b):

     “(b) To the extent that the Borrower fails to pay any amount required to be paid by it to the
Administrative Agent, the Arranger or the Swingline Lender under paragraph (a) of this Section,
each Lender severally agrees to pay to the Administrative Agent, the Arranger or the Swingline
Lender, as the case may be, such Lender’s Revolving Credit Commitment Percentage (determined as of
the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid
amount; provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent, the Arranger or the Swingline Lender in its capacity as such.”

Amendment No. 2

 - 5 - 

 

          2.05. Replacement of Lenders. Section 12 of the Credit Agreement shall be amended:

     (a) by amending and restating Section 12.7(a) of the Credit Agreement to read as follows:

     “(a) If any Lender requests compensation under Section 2.10, or if the Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender
pursuant to Section 5.3, or if any Lender becomes a Defaulting
Lender, or if any Lender is affected in the manner described in Section 2.10(a)(iii) and as a
result thereof any of the actions described in such Section is required to be taken, then the
Borrower may, at its sole expense and effort:

     (i) upon notice to such Lender and the Administrative Agent, require such Lender to
assign and delegate, without recourse (in accordance with and subject to the restrictions
contained in Section 12.6) all its interests, rights and obligations under this Agreement
to an assignee that shall assume such obligations (which assignee may be another Lender,
if a Lender accepts such assignment); provided that (i) no Default or Event of
Default shall have occurred and be continuing at the time of such assignment, (ii) the
Borrower shall have received the prior written consent of the Administrative Agent (and if
a Revolving Credit Commitment is being assigned, the Letter of Credit Issuer), which
consent shall not unreasonably be withheld, (iii) such Lender shall have received payment
of an amount equal to the outstanding principal of its Loans, L/C Participations and
Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts) and (iv) in the case
of any such assignment resulting from payments required to be made pursuant to Section
2.10 or a claim for compensation under Section 2.11, such assignment will result in a
reduction in such compensation or payments. A Lender shall not be required to make any
such assignment and delegation if, prior thereto, as a result of a waiver by such Lender
or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply; or

     (ii) in the case of any Lender becoming a Defaulting Lender, then, effective upon the date of
notice to such Defaulting Lender (the “Terminated Lender”) and the Administrative Agent
(such date, the “Termination Notice Date”), cause (1) the Terminated Lender’s Revolving
Credit Commitment to be terminated in full (but without a reduction or termination of the Revolving
Credit Commitments of the other Lenders), (2) the aggregate amount of the Revolving Credit
Commitments to be automatically reduced by the amount of the Terminated Lender’s

Amendment No. 2

 - 6 - 

 

Revolving Credit Commitment and (3) each remaining Lender’s Revolving Credit Commitment Percentage
to be automatically increased ratably such that the sum of the Revolving Credit Commitment
Percentages of the Lenders other than the Terminated Lender shall be 100% (provided, however, that
the Terminated Lender’s Letter of Credit Exposure and Swingline Exposure shall only be reallocated
in accordance with such increased percentages in accordance with Section 12.7(c)); provided that,
(i) no Default or Event of Default shall have occurred and be continuing at the time of such
termination and (ii) if as a result of such termination the Borrower would be required to prepay
Swingline Loans and/or provide cash collateral under Section 12.7(c)(ii)(B), such
termination shall not be effective unless the Borrower complies with said Section 12.7(c)(ii)(B) on
the related Termination Notice Date.”

     (b) by adding the following after Section 12.7(b):

          “(c) If applicable pursuant to Section 12.7(a)(ii):

     (i) from and after the Termination Notice Date relating to any Terminated Lender, the
Revolving Credit Commitment, the Letter of Credit Exposure and the Swingline Exposure of
such Terminated Lender shall each be zero. Notwithstanding anything in this Agreement or
otherwise to the contrary, no Terminated Lender shall be entitled to receive fees or other
charges owing to such Terminated Lender with respect to its Revolving Credit Commitment or
Letter of Credit Exposure as to any period from and after the Termination Notice Date
relating to such Terminated Lender; and

     (ii) with respect to any Swingline Exposure or Letter of Credit Exposure of such Terminated Lender
outstanding on the Termination Notice Date (before giving effect to the termination thereof by
operation of Section 12.7(a)(ii) hereof):

     (A) such Swingline Exposure and Letter of Credit Exposure shall be reallocated among the
non-Defaulting Lenders (including without limitation any assignees that shall have become,
or substantially concurrently with such Lender becoming a Terminated Lender shall become,
Lenders pursuant to Section 12.7(a)(i) hereof) in accordance with their respective
Revolving Credit Commitment Percentages but only to the extent (x) the sum of all such
non-Defaulting Lenders’ Revolving Credit Exposures plus such Terminated Lender’s Swingline
Exposure and Letter of Credit Exposure does not exceed the total of all such
non-Defaulting Lenders’ Revolving Credit Commitments and (y) the conditions set forth in
Section 6.2 are satisfied at such time;

Amendment No. 2

 - 7 - 

 

     (B) if the reallocation described in clause (A) above cannot, or can only partially, be effected,
the Borrower shall on the Termination Notice Date (x) first, prepay Swingline Loans and (y) second,
cash collateralize the amount of such Terminated Lender’s Letter of Credit Exposure for the benefit
of the Letter of Credit Issuer in a manner consistent with the procedures set forth in Section 10.9
for so long as such Letter of Credit Exposure is outstanding, in an aggregate amount for the
foregoing clauses (x) and (y) equal to the amount that cannot be so allocated; and

     (C) if the Letter of Credit Exposure of any Lender is reallocated pursuant to Section
12.7(c)(ii)(A), then the fees payable to such Lender pursuant to Section 4.1(a) and Section 4.1(b)
shall be adjusted in accordance with such Lender’s Revolving Credit Commitment Percentage.”

          2.06. Adjustments; Set-off. Section 12.8(a) of the Credit Agreement shall be amended and
restated to read as follows:

     “(a) If any Defaulting Lender shall fail to make any payment required to be made by it pursuant to
Section 2.4(b), 2.15(c), 3.3(c), 3.4(c), 12.5(b) or 12.8(c), then the Administrative Agent may, in
its discretion and notwithstanding any contrary provision hereof, (i) apply for the benefit of the
Administrative Agent, the Swingline Lender, the Letter of Credit Issuer or any Lender any amounts
thereafter received by the Administrative Agent for the account of such Lender to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid,
and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application
to, any future funding obligations of such Lender under such Sections; in the case of each of (i)
and (ii) above, in any order as determined by the Administrative Agent in its discretion.”

          Section 3. Termination of Revolving Credit Commitment of LCPI.

     (a) On the Amendment Effective Date (i) the Revolving Credit Commitment
of Lehman Commercial Paper Inc. (“LCPI”) shall be terminated in full (but without
a reduction or termination of the Revolving Credit Commitments of the other
Lenders), (ii) LCPI shall cease to be a Lender under the Credit Agreement and
shall not have any further obligation to fund any amount or extend any credit
under the Credit Agreement (including any obligation in respect of any Letter of
Credit or Swingline Loan outstanding as of the Amendment Effective Date), (iii)
the aggregate amount of the Revolving Credit Commitments shall be automatically
reduced by the amount of LCPI’s Revolving Credit Commitment and (iv) each other
Lender’s Revolving Credit Commitment Percentage shall be automatically increased
ratably such that the sum of the Revolving Credit Commitment Percentages of the
Lenders other than LCPI shall be 100%; provided that, notwithstanding such
termination, LCPI shall remain entitled to its rights pursuant to indemnification
and other provisions of the Credit Agreement which by

Amendment No. 2

 - 8 - 

 

their terms survive the termination of the Revolving Credit Commitments and the repayment of all
obligations thereunder. From and after the Amendment Effective Date, the Revolving Credit
Commitment, Letter of Credit Exposure and Swingline Exposure of LCPI shall each be zero.
Notwithstanding anything herein or in the Credit Agreement or otherwise to the contrary, LCPI shall
not be entitled to receive fees or other amounts
owing to LCPI with respect to its Revolving Credit Commitment or Letter of Credit Exposure as to
any period after June 16, 2010.

          (b) The Borrower shall pay to the Administrative Agent for the benefit of LCPI on the Amendment
Effective Date the then-unpaid principal amount of and any accrued interest on LCPI’s Revolving
Credit Loans and all other amounts owing by it to LCPI under the Credit Agreement (excluding
amounts owing under Section 2.11 thereof).

          (c) With respect to any Swingline Exposure or Letter of Credit Exposure of LCPI outstanding on the
Amendment Effective Date (before giving effect to the termination thereof by operation of Section
3(a) hereof):

     (i) such Swingline Exposure and Letter of Credit Exposure shall be reallocated among the
Lenders (for the avoidance of doubt, excluding LCPI) in accordance with their respective
Revolving Credit Commitment Percentages but only to the extent that the sum of all such
Lenders’ Revolving Credit Exposures plus LCPI’s Swingline Exposure and Letter of Credit
Exposure does not exceed the total of all such Lenders’ Revolving Credit Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially, be
effected, the Borrower shall on the Amendment Effective Date (x) first, prepay
Swingline Loans and (y) second, cash collateralize the amount of LCPI’s Letter of
Credit Exposure for the benefit of the Letter of Credit Issuer in a manner consistent
with the procedures set forth in Section 10.9 of the Credit Agreement for so long as such
Letter of Credit Exposure is outstanding, in an aggregate amount equal to the amount that
cannot be so allocated; and

     (iii) if the Letter of Credit Exposure of LCPI is reallocated pursuant to
Section 3(c)(i) hereof, then the fees payable with respect to such Letter of Credit
Exposure so reallocated pursuant to Section 4.1(a) and Section 4.1(b) of the
Credit Agreement shall be adjusted in accordance with the Revolving Credit
Commitment Percentage of the Lenders after giving effect to such reallocation.

          Section 4. Conditions Precedent. The amendments set forth in Section 2 and the termination
of the Revolving Credit Commitment of LCPI set forth in Section 3 shall become effective on the
date (the “Amendment Effective Date”) that the Administrative Agent notifies the parties
hereto that the following conditions precedent have been satisfied (i) the Administrative Agent
shall have received counterparts of this Amendment No. 2 executed by the Borrower and all of the
Lenders (including LCPI); and (ii) either (a) the aggregate amount of the Revolving Credit Exposure
of all Lenders (including LCPI) shall be less than or equal to the Total Revolving Credit
Commitments

Amendment No. 2

 - 9 - 

 

after giving effect to the termination of LCPI’s Revolving Credit Commitment or (b) the Borrower
shall have prepaid Swingline Exposure and cash collateralized Letter of Credit Exposure to the
extent contemplated by Section 3(c)(ii) hereof.

          Section 5. Release. The Borrower hereby unconditionally and irrevocably waives all claims,
suits, debts, liens, losses, causes of action, demands, rights, damages or costs, or expenses of
any kind, character or nature whatsoever, known or unknown, fixed or contingent, whether in
contract or in tort, which any of them may have or claim to have against LCPI (in its capacity as a
Lender or otherwise under the Credit Agreement) or its agents, employees, officers, affiliates,
directors, representatives, attorneys, successors and assigns (collectively, the “Released
Parties” and each individually, a “Released Party”) to the extent arising out of or in
connection with the Credit Agreement including, without limitation, any failure by LCPI to fund
any Loan or other amount to be funded by the Lenders thereunder (the “Claims”). The
Borrower further agrees forever to refrain from commencing, instituting or prosecuting any lawsuit,
action or other proceeding against any Released Party with respect to any and all of the foregoing
described waived, released, acquitted and discharged Claims and from exercising any right of
recoupment or setoff that any of them may have under a master netting agreement or otherwise
against any Released Party with respect to obligations under the Credit Agreement. Each of the
Released Parties shall be a third party beneficiary of this Section 5.

          Section 6. Miscellaneous. Except as herein provided, the Credit Agreement shall remain
unchanged and in full force and effect. This Amendment No. 2 may be executed in any number of
counterparts, all of which taken together shall constitute one and the same agreement and any of
the parties hereto may execute this Amendment No. 2 by signing any such counterpart. This Amendment
No. 2 shall be governed by, and construed in accordance with, the law of the State of New York.

Amendment No. 2

 - 10 - 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to Credit Agreement to
be duly executed and delivered as of the day and year first above written.

	 	 	 	 	 
	 	ITC MIDWEST LLC

By: ITC Holdings Corp., its Sole Member

 	 
	 	By:  	/s/ Cameron M. Bready
 	 
	 	 	Name:  	Cameron M. Bready 	 
	 	 	Title:  	SR Vice President, Treasurer & CFO 	 
	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Amendment No. 2

 

 

          IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to Credit Agreement to be
duly executed and delivered as of the day and year first above written.

	 	 	 	 	 
	 	ITC MIDWEST LLC

By: ITC Holdings Corp., its Sole Member

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Lender

 	 
	 	By:  	/s/ Nancy R. Barwig
 	 
	 	 	Name:  	Nancy R. Barwig 	 
	 	 	Title:  	Senior Vice President 	 

Amendment No. 2

 

 

	 	 	 	 	 
	 	CREDIT SUISSE, CAYMAN ISLANDS

BRANCH, (f/h/A Credit Suisse, Cayman Islands Branch)

as Lender

 	 
	 	By:  	/s/ Nupur Kumar
 	 
	 	 	Name:  	Nupur Kumar 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	/s/ Lynne-Marie Paquette
 	 
	 	 	Name:  	LYNNE-MARIE PAQUETTE 	 
	 	 	Title:  	ASSOCIATE 	 

Amendment No. 2

- 2 -

 

	 	 	 	 	 
	 	LEHMAN COMMERCIAL PAPER INC.

as Lender

 	 
	 	By:  	/s/ Bennett Leichman
 	 
	 	 	Name:  	Bennett Leichman 	 
	 	 	Title:  	Vice President 	 
	 

Amendment No. 2

- 3 -

 

	 	 	 	 	 
	 	COMERICA BANK,

as Lender

 	 
	 	By:  	/s/ Jessica Migliore
 	 
	 	 	Name:  	Jessica Migliore 	 
	 	 	Title:  	Vice President 	 
	 

Amendment No. 2

- 4 -

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as Lender

 	 
	 	By:  	/s/ Patrick N. Martin
 	 
	 	 	Name:  	Patrick N. Martin 	 
	 	 	Title:  	Senior Vice President 	 
	 

Amendment No. 2

 

 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A.

as Lender

 	 
	 	By:  	/s/ Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Amendment No. 2

- 6 -exv10w17wi

	 	 	 	 	 

Exhibit 10.17(i)

AMENDMENT No. 9 TO PURCHASE AGREEMENT DCT-025/2003

This Amendment No. 9 to Purchase Agreement DCT-025/2003, dated as of May 24, 2010 (“Amendment 9”)
relates to the Purchase Agreement DCT-025/2003 (“Purchase Agreement”) between Embraer — Empresa
Brasileira de Aeronáutica S.A. (“Embraer”) and JetBlue Airways Corporation (“Buyer”) dated June 9,
2003 as amended from time to time (collectively referred to herein as “Agreement”). This Amendment
9 is executed between Embraer and Buyer, collectively referred to herein as the “Parties”.

All terms defined in the Purchase Agreement shall have the same meaning when used herein and in
case of any conflict between this Amendment 9 and the Purchase Agreement, this Amendment 9 shall
control.

WHEREAS, [***].

Now, therefore, for good and valuable consideration, which is hereby acknowledged, Embraer and
Buyer hereby agree as follows:

1. Changes in the Escalation Formula

[***]

All other terms and conditions of the Purchase Agreement, which are not specifically amended by
this Amendment 9, shall remain in full force and effect without any change.

 

			
	[***]	 	Represents material which has been
redacted and filed separately with the Commission pursuant to a request for
confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act
of 1934, as amended.

			
	 	 	 
	Amendment No. 9 to Purchase Agreement DCT-025/2003
	 	Page 1 of 3
	COM0103-10	 	 

 

 

AMENDMENT No. 9 TO PURCHASE AGREEMENT DCT-025/2003

IN WITNESS WHEREOF, Embraer and Buyer, by their duly authorized officers, have entered into and
executed this Amendment 9 to the Purchase Agreement to be effective as of the date first written
above.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	Embraer — Empresa Brasileira	 	 	 	JetBlue Airways Corporation	 	 
	de Aeronáutica S.A.	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Pablo Cesar Souza e Silva	 	 	 	By:	 	/s/ Mark D. Powers	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Pablo Cesar Souza e Silva
	 	 	 	 	 	Name:
	 	Mark D. Powers	 	 
	 

	 	Title:
	 	Executive Vice-President
	 	 	 	 	 	Title:
	 	Senior Vice President and Treasurer	 	 
	 

	 	 	 	Airline Market	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Eduardo Munhos de Campos	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Eduardo Munhos de Campos	 	 	 	 	 	 	 	 	 	 
	 

	 	Title:
	 	Vice-President Contracts	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	Airline Market	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Date:

	 	May 26th, 2010
	 	 	 	Date:
	 	05/24/10	 	 
	Place:

	 	S. Jose Dos Campos, Brasil
	 	 	 	Place:
	 	Forest Hills, NY	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Witness:

	 	/s/ Carlos Martins Dutra
	 	 	 	Witness:
	 	/s/ Laura Kong	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Carlos Martins Dutra
	 	 	 	 	 	Name:
	 	Laura Kong	 	 

			
	 	 	 
	Amendment No. 9 to Purchase Agreement DCT-025/2003
	 	Page 2 of 3
	COM0103-10	 	 

 

 

ATTACHMENT “D2” — ESCALATION FORMULA

[***]

 

			
	[***]	 	Represents material which has been
redacted and filed separately with the Commission pursuant to a request for
confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act
of 1934, as amended.

			
	 	 	 
	Attachment “D2” to PA DCT-025/2003
	 	Page 3 of 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]