Document:

Exhibit 10.1

 

THIRD AMENDMENT TO CREDIT AGREEMENT

 

This THIRD AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”) is entered into effective as of July 24, 2018, between ENBRIDGE
ENERGY PARTNERS, L.P., a Delaware limited partnership, as borrower (the “Borrower”), and ENBRIDGE
(U.S.) INC., as lender (in such capacity, the “Lender”).

 

WHEREAS, the Borrower
and the Lender are parties to that certain Credit Agreement dated as of July 26, 2016 (as amended, restated, or otherwise modified
from time to time, the “Credit Agreement”).

 

WHEREAS, Borrower has
requested to amend the maturity date of the Credit Agreement.

 

WHEREAS, subject to
the terms and conditions set forth herein, the parties hereto are willing to agree to amend the Credit Agreement as set forth in
Section 2 below.

 

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

 

SECTION 1.       Definitions.
Unless otherwise defined in this Amendment, terms used in this Amendment which are defined in the Credit Agreement shall have the
meanings assigned to such terms in the Credit Agreement. The interpretive provisions set forth in Section 1.02 of the Credit
Agreement shall apply to this Amendment.

 

SECTION 2.       Amendments
to the Credit Agreement. The Credit Agreement is amended as follows, effective as of the Effective Date (as defined in Section
3 below).

 

		(a)	Amendment to Section 1.1 (Defined Terms). The definition of “Revolving Credit
Commitment Termination Date” Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

 

“Revolving Credit Commitment
Termination Date” means July 23, 2019 or such later date (in one or more 364-day extensions) as may be agreed to by the Lender
from time to time in its sole discretion.

 

SECTION 3.       Conditions
to Effectiveness. This Amendment shall be effective as of the date on which the following conditions has been satisfied (the
“Effective Date”):

 

		(a)	the Lender has received a counterpart of this Amendment executed by the Borrower (which may be
by telecopy or other electronic transmission).

 

SECTION 4.       Representations
and Warranties. As a material inducement to the Lender to execute and deliver this Amendment, the Borrower represents and warrants
to the Lender that as of the Effective Date, both immediately before and after giving effect to this Amendment, that:

 

(a)       This
Amendment has been duly authorized, executed, and delivered by the Borrower and the Credit Agreement as amended hereby constitutes
its legal, valid, and binding obligations enforceable against it in accordance with their respective terms (subject, as to the
enforcement of remedies, to applicable bankruptcy, reorganization, insolvency, moratorium, and similar laws affecting creditors’
rights generally and to general principles of equity).

 

    	 

     

    

 

(b)       The
representations and warranties set forth in Article V of the Credit Agreement are true and correct in all material respects
on and as of the Effective Date, after giving effect to this Amendment, except to the extent such representations and warranties
relate solely to an earlier date, in which case, they shall be true and correct as of such date.

 

(c)       As
of the date hereof, at the time of and immediately after giving effect to this Amendment, no Default or Event of Default has occurred
and is continuing.

 

(d)       No
approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is required
to be obtained or made by the Borrower by any material statutory law or regulation applicable to it as a condition to the execution,
delivery or performance by, or enforcement against, the Borrower of this Amendment. The execution, delivery, and performance by
the Borrower of this Amendment has been duly authorized by all necessary corporate or other organizational action, and does not
and will not (i) violate the terms of any of the Borrower’s Organization Documents, (ii) result in any breach of, constitute
a default under, or require pursuant to the express provisions thereof, the creation of any consensual Lien on the properties of
the Borrower under, any Contractual Obligation to which the Borrower is a party or any order, injunction, writ or decree of any
Governmental Authority to which the Borrower or its property is subject, or (iii) violate any Law, in each case with respect to
the preceding clauses (i) through (iii), which would reasonably be expected to have a Material Adverse
Effect.

 

SECTION 6.       Effect;
Affirmation and Ratification of Loan Documents. This Amendment (a) except as expressly provided herein, shall not be deemed
to be a consent to the modification or waiver of any other term or condition of the Credit Agreement or of any of the instruments
or agreements referred to therein and does not constitute a waiver of compliance or consent to noncompliance by the Borrower with
respect to the terms, provisions, conditions and covenants of the Credit Agreement and (b) shall not prejudice any right or rights
which the Lender may now have under or in connection with the Credit Agreement, as amended by this Amendment. Except as otherwise
expressly provided by this Amendment, all of the terms, conditions and provisions of the Credit Agreement and the other Loan Documents
shall remain the same, including, without limitation, all of the Borrower’s obligations and covenants under each Loan
Document. It is declared and agreed by each of the parties hereto that the Credit Agreement, as amended hereby, and the other
Loan Documents, from and after the Effective Date, shall continue in full force and effect and are hereby ratified and confirmed
in all respects, and that this Amendment and such Credit Agreement shall be read and construed as one instrument. The Borrower
represents and acknowledges that it has no claims, counterclaims, offsets, credits or defenses to the Loan Documents or the performance
of its obligations thereunder. From and after the Effective Date, each reference in the Credit Agreement, including the schedules
and exhibits thereto and the other documents delivered in connection therewith, to the “Credit Agreement,” “this
Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, shall mean and
be a reference to the Credit Agreement as amended hereby, respectively.

 

SECTION 7.       Miscellaneous.
This Amendment shall for all purposes be construed in accordance with and governed by the laws of the State of New York and applicable
federal law. The captions in this Amendment are for convenience of reference only and shall not define or limit the provisions
hereof. This Amendment may be executed in separate counterparts, each of which when so executed and delivered shall be an original,
but all of which together shall constitute one instrument. In proving this Amendment, it shall not be necessary to produce or account
for more than one such counterpart. Delivery of an executed counterpart of this Amendment by facsimile or in electronic form shall
be effective as the delivery of a manually executed counterpart. This Amendment shall be a “Loan Document” as defined
in the Credit Agreement.

 

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SECTION 8.       Entire
Agreement. THE CREDIT AGREEMENT (AS AMENDED BY THIS AMENDMENT) AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN
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.

 

[SIGNATURES BEGIN ON NEXT PAGE]

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers effective
as of the date and year first above written.

 

	 	ENBRIDGE ENERGY PARTNERS, L.P.,

a Delaware limited partnership, as Borrower
	 	 	 	 
	 	By:	ENBRIDGE ENERGY MANAGEMENT, L.L.C.,
	 	 	as delegate of Enbridge Energy Company, Inc.,
its General Partner
	 	 	 	 
	 	 	 	 
	 	 	By:	/s/ Wanda Opheim
	 	 	 	Name: Wanda Opheim

Title: Treasurer

 

 

    	[SIGNATURE PAGE TO
THIRD AMENDMENT TO CREDIT AGREEMENT]

     

    

 

 

	 	ENBRIDGE (U.S.) INC., as Lender
	 	 	 	 
	 	 	 	 
	 	 	By:	/s/ Wanda Opheim
	 	 	 	Name: Wanda Opheim

Title: Treasurer

 

 

    	[SIGNATURE PAGE TO
THIRD AMENDMENT TO CREDIT AGREEMENT]Exhibit

        

Exhibit 10.1
FIRST AMENDMENT TO DEL TACO RESTAURANTS, INC.

OMNIBUS INCENTIVE PLAN

WHEREAS, Del Taco Restaurants, Inc. (previously known as Levy Acquisition Corp.), a Delaware corporation (the “Company”), previously established the Del Taco Restaurants, Inc. Omnibus Incentive Plan (the “Plan”);

WHEREAS, FASB Accounting Standards Update 2016-09 allows for favorable financial accounting treatment for equity awards provided that the number of shares that are withheld pursuant to net share settlement (and the taxes paid in cash) does not exceed a number of shares having a value equal to tax withholding obligations calculated using rates of up to the maximum statutory tax rates in the applicable jurisdiction;

WHEREAS, the Board has determined it is in the Company’s best interest to provide for net share settlement under the Plan subject to the terms and conditions set forth below; and

WHEREAS, Section 11.3 of the Plan authorizes the Board to amend the Plan.

NOW, THEREFORE, the Plan shall be amended as follows:

1.    Section 10.7(b) shall be deleted in its entirety and replaced with the following:

“(b) Withholding Arrangements. The Committee, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit a Participant or Beneficiary to satisfy tax withholding obligations with respect to an Award, in whole or in part by (without limitation) (i) paying cash, check or other cash equivalents, (ii) electing to have the Company withhold otherwise deliverable cash or Shares having a Fair Market Value equal to the amount required to be withheld or other greater amount up to the maximum statutory rate under Applicable Laws, as applicable to the Participant, if such other greater amount would not result in adverse financial accounting consequences for the Company, as determined by the Company, (iii) delivering to the Company already-owned Shares having a Fair Market Value equal to the amount required to be withheld or such other greater amount, provided the delivery of such Shares will not result in any adverse financial accounting consequences for the Company, (iv) selling a sufficient number of Shares otherwise deliverable to the Participant through such means as the Administrator may determine in its sole discretion (whether through a broker or otherwise) equal to the amount required to be withheld or a greater amount if it would not result in adverse financial accounting consequences for the Company, or (v) retaining from salary or other amounts payable to the Participant cash having a sufficient value to satisfy the amount required to be withheld or a greater amount if it would not result in adverse financial accounting consequences for the Company.  For avoidance of doubt, a Participant who is permitted to use a method of withholding set forth in clauses (ii), (iii) or (iv) above with respect to a particular Award shall only have a continuing right to use that method of withholding as permitted by the Committee in its sole discretion.  The amount of the withholding requirement will be deemed to include any amount which the Committee agrees may be withheld at the time the election is made, not to exceed the amount determined by using the maximum federal, state or local marginal income tax rates applicable to the Participant or Beneficiary with respect to the Award on the date that the amount of tax to be withheld is to be determined.  The Fair Market Value of the Shares to be withheld or delivered will be determined as of the date that the taxes are required to be withheld.

2.    Capitalized terms used in this First Amendment and not otherwise defined herein shall have the meanings assigned to such terms in the Plan (including its Appendix).

Executed this 21st day of June, 2018 by a duly authorized officer of the Company.

DEL TACO RESTAURANTS, INC.

By:    /s/Jack Tang
Name:    Jack Tang
Title:    General Counsel

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