Document:

EXHIBIT 10.1  

FIFTH AMENDMENT DATED AS OF OCTOBER 9, 2002 TO CREDIT

AGREEMENT DATED AS OF SEPTEMBER 20, 2000  

        This Fifth Amendment dated as of October 9, 2002 to Credit Agreement dated as of September 20, 2000 (this
"Amendment") is made by and among MIDWAY GAMES INC., a Delaware corporation (the "Company"), the
financial institutions parties hereto (the "Banks"), and BANK OF AMERICA, N.A., as letter of credit issuing bank and as agent for the Banks (in its
capacity as agent, together with any successors and assigns, the "Agent"). Terms used but not defined herein have the meanings specified in the Credit
Agreement referenced below. 

W I T N E S S E T H:  

        WHEREAS, the Company, the Banks, the Issuing Bank and the Agent are parties to that certain Credit Agreement dated as of September 20, 2000 (as heretofore
amended or modified, the "Credit Agreement"); 

        WHEREAS,
the Company has requested that the Banks, the Issuing Bank and the Agent agree to amend or modify the Credit Agreement as set forth herein; and 

        WHEREAS,
the Agent, the Banks and the Issuing Bank are willing to amend and modify the Credit Agreement, subject to the terms and conditions contained herein. 

        NOW,
THEREFORE, in consideration of the premises, the mutual covenants herein contained and other good and valuable consideration (the receipt, adequacy and sufficiency of which are
hereby acknowledged), the parties hereto, intending legally to be bound, hereby agree as follows: 

SECTION 1  

AMENDMENTS TO THE CREDIT AGREEMENT  

        The Credit Agreement is hereby amended as follows: 

        (a)  Section 1.1
of the Credit Agreement is amended so that the definition of "Collateral Documents" shall read in its entirety as follows: 

        "Collateral Documents" has the meaning set forth in the definition of Collateral. Without limitation, the term Collateral Documents
includes the Security Agreement. 

        (b)  Section 1.1
of the Credit Agreement is further amended so that definition of "L/C Commitment" reads in its
entirety as follows: 

 

"L/C Commitment" means the commitment of the Issuing Bank to Issue, and the commitment of the Banks severally to participate in, Letters of Credit
(including the Existing Bank of America Letters of Credit) from time to time Issued or outstanding under Article III, in an aggregate amount not to exceed the following amounts during the
following periods: 

	PERIOD
 
	 	AMOUNT

	Prior to March 30, 2001	 	$	40,000,000
	March 31, 2001 through August 14, 2001	 	$	3,500,000
	August 15, 2001 through October 30, 2002	 	$	15,000,000
	October 31, 2002 through February 14, 2003	 	$	20,000,000
	February 15, 2003 through June 30, 2003	 	$	15,000,000
	July 1, 2003 through January 31, 2004	 	$	20,000,000
	February 1, 2004 and thereafter	 	$	15,000,000

as
the same shall be reduced as a result of a reduction in the L/C Commitment pursuant to Section 2.5; it being understood that the L/C Commitment is a part of the Total Commitment, rather than
a separate, independent commitment. 

        (c)  Section 1.1
of the Credit Agreement is further amended so that definition of "Revolving Termination Date" reads in
its entirety as follows: 

"Revolving Termination Date" means the earlier to occur of: (a) March 31, 2004 and (b) the date on which the Total Commitment
terminates in accordance with the provisions of this Agreement. 

        (d)  Section 1.1
of the Credit Agreement is amended by adding thereto definitions of "Security Agreement" as follows: 

"Security Agreement" means the Security Agreement dated as of November 24, 2000, among the Company, various other grantor parties thereto, and
the Agent, as the same may be amended or modified from time to time. 

        (e)  Section 2.1
of the Credit Agreement is amended to read in its entirety as follows: 

        2.1.    Amounts and Terms of Commitments.    Each Bank severally agrees, on the terms and conditions set forth herein,
to make loans to the Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the
Revolving Termination Date; provided, however, that, after giving effect to any Borrowing of Revolving
Loans, the Effective Amount of all Revolving Loans plus the Effective Amount of all L/C Obligations, shall not at any time exceed the following amounts during the following periods
(any such amount with respect to any such period, as the same may be reduced pursuant to Section 2.5 or 2.7 being herein called, the "Total
Commitment"): 

2

 

	PERIOD
 
	 	AMOUNT

	Closing Date through December 30, 2000	 	$	55,000,000
	December 31, 2000 through March 30, 2001	 	$	40,000,000
	March 31, 2001 through June 30, 2002	 	$	15,000,000
	July 1, 2002 through October 30, 2002	 	$	40,000,000
	October 31, 2002 through February 14, 2003	 	$	60,000,000
	February 15, 2003 through June 30, 2003	 	$	15,000,000
	July 1, 2003 through January 31, 2004	 	$	40,000,000
	February 1, 2004 and thereafter	 	$	15,000,000

provided further, that the Effective Amount of the Revolving Loans of any Bank plus the participation of
such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Pro Rata Share of the Total Commitment. Within the limits of each Bank's Commitment, and subject to
the other terms and conditions hereof, the Company may borrow under this Section 2.1, prepay under Section 2.6 and reborrow under this Section 2.1. 

        (f)    Section 5.2
of the Credit Agreement is amended by (i) deleting "and" after Section 5.2(b); (ii) substituting "; and" for the period after
Section 5.2(c); and (iii) adding thereto Section 5.2(d) as follows: 

        (d)    Certificate.    In addition to the Notice of Borrowing or other documentation under Section 5.2(a), the
Agent shall have received a certificate of a Responsible Officer to the effect that immediately before and after giving effect to the Borrowing on the Borrowing Date or Issuance of a Letter of Credit
on the Issuance Date, the Company is and will be in compliance with the financial tests set forth in Sections 9.1 through 9.4 of this Agreement. 

        (g)  Section 6.11
of the Credit Agreement is amended by substituting "June 30, 2001" for "June 30, 1999" and substituting "March 31, 2002" for
March 31, 2000" in subsection (a), and by substituting "June 30, 2002" for "June 30, 2000" in subsection (b). 

        (h)  Section 7.2(b)
of the Credit Agreement is amended to read in its entirety as follows: 

        (b)(i)no
later than 30 days after the end of each month, a Compliance Certificate executed by a Responsible Officer, and (ii) not later than 15 days
after the end of each month an aging of receivables report in form and detail acceptable to the Banks; 

        (i)    Section 8.15
of the Credit Agreement is amended to read in its entirety as follows: 

        8.15    Clean-up/Clean Down Provisions.    Notwithstanding any other provision contained in this Agreement
to the contrary, the Company agrees 

3

 

that
from March 1 of each Fiscal Year during the term of this Agreement, commencing March 1, 2002, and for a period of ninety (90) consecutive days thereafter the Effective Amount
of all Revolving Loans shall be zero. The Company agrees to make any prepayment of the Revolving Loans which may be necessary to comply with the terms of this Section 8.15. 

        (j)    Section 9.1
of the Credit Agreement is amended to read in its entirety as follows: 

        9.1    Minimum Net Worth.    The Company shall not at any time permit its Consolidated Net Worth to be less than the
following amounts for the following periods: 

	PERIOD
 
	 	AMOUNT

	Prior to March 31, 2001	 	$	130,000,000
	April 1, 2001 through August 14, 2001	 	$	90,000,000
	August 15, 2001 through December 30, 2002	 	$	100,000,000
	December 31, 2002 through December 30, 2003	 	$	190,000,000
	December 31, 2003 and thereafter	 	$	215,000,000

        (k)  Section 9.2
of the Credit Agreement is amended in its entirety to read as follows: 

        9.2    Minimum Liquidity.    The Company shall not at any time permit its Liquidity to be less than $10,000,000. For
purposes hereof, "Liquidity" means the sum of (i) the aggregate unused Commitments under this Agreement to the extent then available to the
Company plus (ii) the aggregate of all nonrestricted and unencumbered cash and cash equivalents of the Company and its Subsidiaries.
Notwithstanding the foregoing, the provisions of this Section 9.2 shall not apply during the period from November 30, 2002 through January 31, 2003. 

        (l)    Section 9.3
of the Credit Agreement is amended to read in its entirety as follows: 

        9.3    Quick Ratio.    As of the end of any month during the following periods, the Company will not permit its Quick
Ratio to be less than the ratio applicable to such month as follows: 

	PERIOD
 
	 	RATIO

	Prior to October 31, 2000	 	1.50:1
	Month of November 2000	 	2.50:1
	December 1, 2000 through June 30, 2001	 	10.00:1
	July 1, 2001 through January 31, 2002	 	3.00:1
	February 1, 2002 through June 30, 2002	 	5.00:1
	July 1, 2002 through January 31, 2003	 	3.00:1
	February 1, 2003 through June 30, 2003	 	5.00:1
	July 1, 2003 and thereafter	 	3.00:1

4

 

For
purposes hereof, "Quick Ratio" means the ratio of (i) the aggregate accounts receivable of the Company and its Subsidiaries net of reserves
for doubtful accounts consistent with the historical levels and past practices, to (ii) the aggregate Effective Amount of Revolving Loans under this Agreement. 

        (m)  Schedule I
to the Credit Agreement is amended to read in its entirety as set forth in Schedule I attached hereto. The Commitment and the Pro Rata Share of
each Bank is as set forth on Schedule I attached hereto. 

SECTION 3  

WARRANTIES  

        The Company warrants to the Agent and the Banks as of the date hereof that: 

        (a)  After
giving effect to this Amendment, all representations and warranties contained in the Credit Agreement and in the Security Agreement are true and correct in all
material respects on and as of the date hereof with the
same effect as if made on the date hereof (except to the extent such representations and warranties expressly refer to an earlier date). 

        (b)  After
giving effect to this Amendment, no Default or Event of Default has occurred and is continuing or will result from this Amendment. 

        (c)  The
execution, delivery and performance by the Company of this Amendment and the New Notes (as defined below) have been duly authorized by all necessary corporate and
other action and do not and will not require any registration with, consent or approval of, notice to or action by, any Person (including any Governmental Authority) in order to be effective and
enforceable. 

        (d)  The
Credit Agreement (as modified by this Amendment) and the New Notes constitute the legal, valid and binding obligations of the Company, enforceable against it in
accordance with their terms, except as enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditor's rights generally or by equitable
principles relating to enforceability. 

        (e)  Pursuant
to the Security Agreement, the Company and each of its Subsidiaries parties thereto have granted to the Agent, as security for the Obligations (as defined in
the Security Agreement), a security interest in all Equipment, Inventory, Receivables, Related Contracts, Security Collateral, Account Collateral, Intellectual Property Collateral, general
intangibles, books, and proceeds (in each case as defined in the Security Agreement). 

5

 

        (f)    The
schedules to the IP Security Agreement Supplement referred to in Section 4(f) below represent all Intellectual Property Collateral (as defined in
Section 1(f) of the Security Agreement). 

        (g)  (i) Schedule IX
hereto sets forth a true and complete list of all Pledged Accounts (as defined in Section 5(a) of the Security Agreement);
(ii) Schedule X hereto sets forth a true and complete list of all Unblocked Accounts (as defined in Section 5(e) of the Security Agreement); and (iii) Schedule XI
hereto sets forth a true and complete list of all Cash Concentration Accounts (as defined in Section 6 of the Preliminary Statements to the Security Agreement). Neither the Company nor any
Guarantor has any deposit account other than (i) the Pledged Accounts listed in schedule IX hereto, (ii) the Unblocked Accounts listed on Schedule X hereto, and
(iii) the Cash Concentration Accounts listed on Schedule XI hereto. The Company and the Guarantors have instructed all Obligors to make all payments to either a Pledged Account or the
Cash Concentration Accounts. 

        (h)  The
Company has no Domestic Subsidiaries other than the Subsidiaries whose signatures appear below the Guarantor Acknowledgement to this Amendment. Each Domestic
Subsidiary of the Company has heretofore executed and delivered to the Agent a Guaranty and a Security Agreement. 

SECTION 4  

CONDITIONS PRECEDENT TO EFFECTIVENESS  

        This Amendment shall become effective as of October 9, 2002 (the "Effective Date"),  provided,
however, that the effectiveness of this Amendment is subject to the receipt by the Agent of the following, each appropriately completed and
duly executed as required and otherwise in form and substance reasonably satisfactory to the Agent: 

        (a)  counterparts
of this Amendment, executed by the Company and the Banks; 

        (b)  the
Notes in the form of Exhibits A-1 and A-2 attached hereto (collectively, "New Notes"); 

        (c)  an
opinion of Deborah K. Fulton, in her capacity as Senior Vice President, Secretary and General Counsel of the Company and addressed to the Agent and the Banks,
substantially in the form of Exhibit B hereto; 

        (d)  evidence
of the payment of (i) upfront fee to be shared by each Bank in proportion of such Bank's Pro Rata Share of $75,000, and (ii) all other fees and
expenses of the Agent (including legal fees and expenses) heretofore billed to or owing by the Company; 

        (e)  a
certificate of the Secretary or Assistant Secretary of the Company certifying as to (A) resolutions of the board of directors or members, as the case may be, of
the Company authorizing the execution, delivery and performance of this Amendment, 

6

 

and
(B) the name(s) of the officer(s) of the Company authorized to sign this Amendment and the documents related hereto on behalf of the Company and each Guarantor; 

        (f)    for
each Grantor under the Security Agreement, a current IP Security Agreement Supplement pursuant to Section 1(f) and 14(g) of the Security Agreement; and 

        (g)  such
other instruments, agreements and documents (including updated documentation with respect to the Cash Concentration Accounts, the Pledged Accounts and other Account
Collateral referred to in the Security
Agreement), as the Agent may reasonably request, in each case duly executed as required and otherwise in form and substance reasonably satisfactory to the Agent. 

SECTION 5  

GENERAL  

        (a)  With
respect to the Pledged Account Letters heretofore executed and delivered by the Company and the Guarantors to the Agent, the Company and each Guarantor hereby
authorize the Agent (i) to date such Pledged Account Letter "November 24, 2000", and (ii) to add to page 2 of such Letter the name and Account Number of the Cash Concentration
Account of the Company or such Guarantor (as applicable) pursuant to Schedule XI hereto. 

        (b)  As
hereby modified, the Credit Agreement and the other Amendment Documents shall remain in full force and effect and are hereby ratified, approved and confirmed in all
respects. 

        (c)  The
Company acknowledges and agrees that the execution and delivery by the Agent and the Banks of this Amendment shall not be deemed to create a course of dealing or
otherwise obligate the Agent or the Banks to execute similar modifications under the same or similar circumstances in the future. 

        (d)  Upon
execution and delivery of this Amendment, this Amendment shall be binding upon and shall inure to the benefit of the Company, the Agent and the Banks and their
respective successors and assigns. 

        (e)  The
Company agrees to pay all fees and out-of-pocket costs and expenses of the Agent (including reasonable attorneys' fees and expenses of
counsel to the Agent and the Banks) in connection with the preparation and execution of this Amendment. 

        (f)    This
Amendment may be executed in any number of counterparts and by the different parties on separate counterparts, and each such counterpart shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same Amendment. 

7

 

        (g)  The
Company hereby agrees that (i) on or before November 17, 2002, it will furnish to the Agent certified resolutions of its board of Directors ratifying
this Amendment, and (ii) promptly following the effectiveness of this Amendment, it will execute and deliver or cause to be executed and delivered to the Agent such documentation regarding the
Pledged Accounts as the Agent shall require (including without limitation, updated letters substantially in the form of Exhibits B, C and G to the Security Agreement with such modifications as the
Agent shall request to provide "control" under Section 9-104 of the Uniform Commercial Code). 

Delivered
at Chicago, Illinois, as of the date and year first above written. 

[SIGNATURES ON THE FOLLOWING PAGE]

8

 

        IN
WITNESS WHEREOF, the parties hereto have caused the execution and delivery hereof by their respective representatives thereunto duly authorized as of this 9th day of
October, 2002. 

	

 	
COMPANY
	

 	
MIDWAY GAMES INC.
	

 	

By:	

/s/ Thomas E. Powell
	 	Name:	Thomas E. Powell
	 	Title:	E.V.P.—Finance, Treasurer and CFO
	

 	
AGENT
	

 	
BANK OF AMERICA, N.A., as Agent
	

 	

By:	

/s/ David A. Johanson
	 	Name:	David A. Johanson
	 	Title:	Vice President
	

 	
ISSUING BANK
	

 	
BANK OF AMERICA, N.A., as Issuing Bank
	

 	

By:	

/s/ Brian Ruddy
	 	Name:	Brian Ruddy
	 	Title:	Vice President
	

 	
BANKS
	

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

 	

By:	

/s/ Brian Ruddy
	 	Name:	Brian Ruddy
	 	Title:	Vice President
	

 	
LASALLE BANK NATIONAL ASSOCIATION as a Bank
	

 	

By:	

/s/ David A. Chaika
	 	Name:	David A. Chaika
	 	Title:	Vice President

9

 
LIST OF SCHEDULES AND EXHIBITS  

Schedule I—Prorata
Shares of Total Commitment

Schedule IX—Pledged Accounts (Deposit Accounts and Lockbox Accounts)

Schedule X—Unblocked Accounts

Schedule XI—Cash Concentration Accounts 

Exhibit A-1—Amended
and Restated Promissory Note

Exhibit A-2—Amended and Restated Promissory Note

Exhibit A-3—Guarantor Acknowledgment

Exhibit B—Form of Opinion 

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Exhibit 10.92.1    
  

AMENDMENT ONE  

        AMENDMENT ONE (this "Amendment") dated as of November 14, 2001 by and among EDISON MISSION ENERGY (the "Borrower"), CITICORP USA, INC., as
Administrative Agent (in such capacity, the "Administrative Agent") and each of certain commercial lending institutions party hereto (the "Lenders"). 

        WHEREAS,
the Borrower, the Administrative Agent and certain of the Lenders entered into a Credit Agreement dated as of September 13, 2001 (the "Credit Agreement"); 

        WHEREAS,
the Borrower has requested that the Lenders adjust the applicable fees for Letters of Credit, to reflect the original understanding between the parties regarding the applicable
fees. 

        ACCORDINGLY,
the parties hereto agree as follows: 

        Section 1.    DEFINITIONS.    Except
as otherwise defined in this Amendment, terms defined in the Credit Agreement are used herein (and in the introductions
and recitals hereto) as defined therein. 

        Section 2.    AMENDMENT
TO THE CREDIT AGREEMENT.    Subject to the satisfaction of the conditions precedent specified in Section 3 below, but effective
as of the Amendment Effective Date, the Credit Agreement shall be amended by deleting Annex I and Annex II to the Credit. Agreement and by replacing them in their entirety with Exhibit A and
Exhibit B hereto. 

        Section 3.    CONDITIONS
PRECEDENT.    This Amendment shall not become effective until the date (the "Amendment Effective Date") on which each of the following
conditions precedent have been satisfied or will be satisfied contemporaneously with this Amendment becoming effective: 

        (a)  Delivery
to the Administrative Agent of this Amendment duly executed and delivered by the Borrower, the Administrative Agent and each of the Lenders; 

        (b)  The
representations and warranties of the Borrower as set forth in the Credit Agreement shall be true and correct as of the Amendment Effective Date after giving effect
to the amendments contemplated hereby (unless stated to be given as of an earlier date, in which case such representation and warranty shall be true and correct only as of such earlier date and except
as set forth in the Borrower's Form 10-K for the fiscal year ended December 31, 2000 and the Borrower's Form 10-Q for the third quarter of 2001); and 

        (c)  As
of the Amendment Effective Date, no Default shall have occurred and be continuing after giving effect to this Amendment. 

        Section 4.    MISCELLANEOUS.    Except
as expressly amended hereby, all of the terms and provisions of the Credit Agreement are and shall remain in full force
and effect. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this
Amendment by signing any such counterpart. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York. 

   
        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered by their respective officers thereunto duly
authorized. 

	

 	
 	
EDISON MISSION ENERGY
	

 	
 	

By:	

/s/  KEVIN M. SMITH      
 Name:    Kevin M. Smith

Title:      Sr. V.P. and Chief Financial Officer
	

 	
 	
CITICORP USA, INC.,

    as Administrative Agent and Lender
	

 	
 	

By:	

/s/  SANDIP SEN      
 Name:    Sandip Sen

Title:      Managing Director
	

 	
 	
CITIBANK, N.A.,

    as Issuing Lender
	

 	
 	

By:	

/s/  SANDIP SEN      
 Name:    Sandip Sen

Title:      Managing Director
	

 	
 	
CREDIT SUISSE FIRST BOSTON,

    as Lender
	

 	
 	

By:	

/s/  DAVID W. KRATOVIL      
 Name:    David W. Kratovil

Title:      Director
	

 	
 	

By:	

/s/  ROBERT N. FINNEY      
 Name:    Robert N. Finney

Title:      Managing Director
	

 	
 	
SOCIETE GENERALE,

    as Lender
	

 	
 	

By:	

/s/  DAVID BIRD      
 Name:    David Bird

Title:      Vice President
	

 	
 	
BANK OF MONTREAL

    as Lender
	

 	
 	

By:	

/s/  CAHAL B. CARMODY      
 Name:    Cahal B. Carmody

Title:      Director    

S-1

 

	

 	
 	
TORONTO DOMINION (TEXAS), INC.

    as Lender
	

 	
 	

By:	

/s/  CAROL BRANDT      
 Name:    Carol Brandt

Title:      Vice President
	

 	
 	
WESTDEUTSCHE LANDESBANK

    GIROZENTRALE, New York Branch

    as Documentation Agent and as Lender
	

 	
 	

By:	

/s/  JASJEET S. SOOD      
 Name:    Jasjeet S. Sood

Title:      Managing Director and Head

                  of Energy Group
	

 	
 	

By:	

/s/  JARED BRENNER      
 Name:    Jared Brenner

Title:      Director
	

 	
 	
ABN AMRO BANK N.V.,

    as Lender
	

 	
 	

By:	

/s/  JEFFREY DODD      
 Name:    Jeffrey Dodd

Title:      Group Vice President
	

 	
 	

By:	

/s/  FRANK T. J. VAN DEUR      
 Name:    Frank T. J. Van Deur

Title:      Assistant Vice President
	

 	
 	
BARCLAYS BANK PLC,

    as Lender
	

 	
 	

By:	

/s/  SYDNEY G. DENNIS      
 Name:    Sydney G. Dennis

Title:      Director
	

 	
 	
BANK OF AMERICA, N.A.

    as Lender
	

 	
 	

By:	

/s/  TIMOTHY C. HINTZ      
 Name:    Timothy C. Hintz

Title:      Vice President

S-2

 

	

 	
 	
AUSTRALIA AND NEW ZEALAND BANKING

    GROUP LIMITED,

    as Lender
	

 	
 	

By:	

/s/  ROY J. MARSDEN      
 Name:    Roy J. Marsden

Title:      Executive Vice President/Americas
	

 	
 	
BANK OF NOVA SCOTIA,

    as Lender
	

 	
 	

By:	

/s/  JOHN A. QUICK      
 Name:    John A. Quick

Title:      Managing Director
	

 	
 	
BAYERISCHE LANDESBANK

    GIROZENTRALE,

    as Lender
	

 	
 	

By:	

/s/  DIETMAI RIEG      
 Name:    Dietmai Rieg

Title:      First Vice President
	

 	
 	

By:	

/s/  CORNELIA WINTERGERST      
 Name:    Cornelia Wintergerst

Title:      Vice President
	

 	
 	
THE CHASE MANHATTAN BANK,

    as Lender
	

 	
 	

By:	

/s/  THOMAS L. CASEY      
 Name:    Thomas L. Casey

Title:      Vice President
	

 	
 	
THE INDUSTRIAL BANK OF JAPAN, LIMITED,

    as Lender
	

 	
 	

By:	

/s/  CARL-ERIC BENZINGER      
 Name:    Carl-Eric Benzinger

Title:      Senior Vice President & Senior Deputy

                  General Manager

S-3

 

	

 	
 	
ING (U.S.) CAPITAL LLC,

    as Lender
	

 	
 	

By:	

/s/  ERWIN THOMET      
 Name:    Erwin Thomet

Title:      Managing Director
	

 	
 	

By:	

/s/  JANICE M. WHALEN      
 Name:    Janice M. Whalen

Title:      Vice President
	

 	
 	
KBC BANK, N.V.,

    as Lender
	

 	
 	

By:	

/s/  JEAN-PIERRE DIELS      
 Name:    Jean-Pierre Diels

Title:      First Vice President
	

 	
 	

By:	

/s/  ERIC RASKIN      
 Name:    Eric Raskin

Title:      Vice President
	

 	
 	
UNION BANK OF CALIFORNIA, N.A.,

    as Lender
	

 	
 	

By:	

/s/  DENNIS G. BLANK      
 Name:    Dennis G. Blank

Title:      Vice President
	

 	
 	
UBS AG, Stamford Branch,

    as Lender
	

 	
 	

By:	

/s/  PATRICIA O'KICKI      
 Name:    Patricia O'Kicki

Title:      Director, Banking Products Services
	

 	
 	

By:	

/s/  LYNNE B. ALFARONE      
 Name:    Lynne B. Alfarone

Title:      Associate Director

                  Banking Products Services, US

S-4

EXHIBIT A

ANNEX I  

EDISON MISSION ENERGY

Tranche A Pricing Grid  

	
BASIS FOR PRICING
 
	
 	

LEVEL 1

LT Senior Unsecured Debt Rated at Least BBB by S&P And Baa2 by Moody's.
	
 	

LEVEL 2

LT Senior Unsecured Debt Rated Less Than Level 1 But at Least BBB- by S&P And Baa3 by Moody's.
	
 	

LEVEL 3

LT Senior Unsecured Debt Rated Less Than Level 2 But at Least BB+ by S&P And Ba1 by Moody's.
	
 	

LEVEL 4

LT Senior Unsecured Debt Rated Lower Than Level 3.

	Base Rate Applicable Margin	 	75.00 bps	 	137.50 bps	 	200.00 bps	 	262.50 bps
	Facility Fee(1)	 	50.00 bps	 	62.50 bps	 	75.00 bps	 	87.50 bps
	LIBO Applicable Margin	 	175.00 bps	 	237.50 bps	 	300.00 bps	 	362.50 bps
	Drawn Cost(2)	 	LIBOR +    225.00 bps

Base Rate + 125.00 bps	 	LIBOR +    300.00 bps

Base Rate + 200.00 bps	 	LIBOR +    375.00 bps

Base Rate + 275.00 bps	 	LIBOR +    450.00 bps

Base Rate + 350.00 bps
	Financial Letter of Credit Fee	 	175.00 bps	 	237.50 bps	 	300.00 bps	 	362.50 bps
	Performance Letter of Credit Fee	 	62.50 bps	 	87.50 bps	 	112.50 bps	 	137.50 bps

	(1)
	Paid
quarterly in arrears on each bank's commitment irrespective of usage.

	(2)
	Facility
Fee plus Applicable Margin. 

bps =
basis points per annum 

EXHIBIT B

ANNEX II  

EDISON MISSION ENERGY

Tranche B Pricing Grid  

	
BASIS FOR PRICING
 
	
 	

LEVEL 1

LT Senior Unsecured Debt Rated at Least BBB by S&P And Baa2 by Moody's.
	
 	

LEVEL 2

LT Senior Unsecured Debt Rated Less Than Level 1 But at Least BBB- by S&P And Baa3 by Moody's.
	
 	

LEVEL 3

LT Senior Unsecured Debt Rated Less Than Level 2 But at Least BB+ by S&P And Ba1 by Moody's.
	
 	

LEVEL 4

LT Senior Unsecured Debt Rated Lower Than Level 3.

	Base Rate Applicable Margin	 	62.50 bps	 	125.00 bps	 	187.50 bps	 	250.00 bps
	Facility Fee(1)	 	62.50 bps	 	75.00 bps	 	87.50 bps	 	100.00 bps
	LIBO Applicable Margin	 	162.50 bps	 	225.00 bps	 	287.50 bps	 	350.00 bps
	Drawn Cost(2)	 	LIBOR +    225.00 bps

Base Rate + 125.00 bps	 	LIBOR +    300.00 bps

Base Rate + 200.00 bps	 	LIBOR +    375.00 bps

Base Rate + 275.00 bps	 	LIBOR +    450.00 bps

Base Rate + 350.00 bps
	Financial Letter of Credit Fee	 	162.50 bps	 	225.00 bps	 	287.50 bps	 	350.00 bps
	Performance Letter of Credit Fee	 	50.00 bps	 	75.00 bps	 	100.00 bps	 	125.00 bps

	(1)
	Paid
quarterly in arrears on each bank's commitment irrespective of usage.

	(2)
	Facility
Fee plus Applicable Margin. 

bps =
basis points per annum 

QuickLinks

Exhibit 10.92.1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00045-of-00352.parquet"}]]