Document:

EX-10.1

 Exhibit 10.1 
  

 
  

FIFTH AMENDMENT 

TO THE 

CREDIT AGREEMENT 

dated as of October 25, 2016 

among 

ENERGEN CORPORATION, 

as Borrower, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 

THE GUARANTOR SIGNATORY HERETO, 

and 
 THE
LENDERS SIGNATORY HERETO 
  

 
  

 FIFTH AMENDMENT TO 

CREDIT AGREEMENT 

This FIFTH AMENDMENT TO THE CREDIT
AGREEMENT (this “Fifth Amendment”), dated as of October 25, 2016 (the “Fifth Amendment Effective Date”), is among ENERGEN CORPORATION, a corporation formed under the laws
of the State of Alabama (“Borrower”); the undersigned guarantor (the “Guarantor”, and together with Borrower, the “Credit Parties”); each of the Lenders party hereto; and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, “Administrative Agent”). 

Recitals 

A. Borrower, Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of September 2,
2014 (as heretofore amended, modified, supplemented or restated, the “Credit Agreement”), pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of
Borrower. 
 B. The parties hereto desire to enter into this Fifth Amendment to amend the Credit Agreement as set forth
herein. 
 C. The Lenders party hereto also desire to complete the October 1, 2016 Scheduled Redetermination as set forth
herein. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section
1. Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not defined in this Fifth Amendment, shall have the meaning ascribed to such term in the Credit Agreement (as amended hereby). Unless
otherwise indicated, all section references in this Fifth Amendment refer to the Credit Agreement. 
 Section 2.
Amendment to Section 2.07(e) of the Credit Agreement. In reliance on the representations, warranties, covenants and agreements contained in this Fifth Amendment, and subject to the satisfaction of the conditions precedent set forth in
Section 4 hereof, Section 2.07(e) of the Credit Agreement is hereby amended, effective as of the Fifth Amendment Effective Date, by replacing the reference to “October 1, 2016” appearing in clause (y) of the third sentence of
Section 2.07(e), with “April 1, 2017”. 
 Section 3. Borrowing Base Redetermination. Subject to the
satisfaction of the conditions precedent set forth in Section 4 hereof, Administrative Agent and the Lenders hereby agree that for the period from and including the Fifth Amendment Effective Date to but excluding the next Redetermination
Date, the amount of the Borrowing Base shall remain and be reaffirmed at $1,050,000,000 (the “October 2016 Redetermination”). Administrative Agent, the Lenders and Borrower agree that the foregoing constitutes the
October 1, 2016 Scheduled Redetermination and that this Fifth Amendment shall constitute the New Borrowing Base Notice 

  
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with respect to such Scheduled Redetermination. Notwithstanding the foregoing, the Borrowing Base may be subject to further redeterminations and adjustments from time to time pursuant to Section
2.07 or Section 8.12(c). 
 Section 4. Conditions Precedent. The effectiveness of this Fifth Amendment is
subject to the following: 
 4.1 Administrative Agent shall have received counterparts of this Fifth Amendment from the
Credit Parties, the Required Lenders and the Issuing Bank. 
 4.2 Administrative Agent shall have received such other
documents as Administrative Agent or special counsel to Administrative Agent may reasonably request. 
 Administrative Agent shall notify
Borrower and the Lenders of the effectiveness of this Fifth Amendment, and such notice shall be conclusive and binding. 

Section 5. Representations and Warranties; Etc. Each Credit Party hereby affirms: (a) that as of the date hereof,
the representations and warranties of Borrower and Guarantor set forth in each Loan Document are true and correct in all material respects (or, if qualified by materiality or Material Adverse Effect, in all respects), except to the extent any such
representations and warranties are expressly limited to an earlier date, in which case, on and as of the date hereof, such representations and warranties continue to be true and correct in all material respects (or, if qualified by materiality or
Material Adverse Effect, in all respects) as of such specified earlier date and (b) that as of the date hereof, no Default or Event of Default has occurred and is continuing or would result from this Fifth Amendment. 

Section 6. Miscellaneous. 

6.1 Confirmation and Effect. The provisions of the Credit Agreement (as amended by this Fifth Amendment) shall
remain in full force and effect in accordance with its terms following the effectiveness of this Fifth Amendment. Each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”,
“herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document, instrument or agreement executed and/or delivered in connection
with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. The execution, delivery and effectiveness of this Fifth Amendment shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents. 

6.2 Ratification and Affirmation of Credit Parties. Each of the Credit Parties hereby expressly (a) acknowledges
the terms of this Fifth Amendment, (b) ratifies and affirms its obligations under the Guaranty Agreement and the other Loan Documents to which it is a party, (c) acknowledges, renews and extends its continued liability under the Guaranty Agreement
and the other Loan Documents to which it is a party (in each case, as amended hereby), and (d) acknowledges and confirms that the amendments contemplated hereby shall not limit or impair any Liens securing the Indebtedness, each of which are hereby
ratified, affirmed and extended to secure the Indebtedness after giving effect to this Fifth Amendment. 

  
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 6.3 Counterparts. This Fifth Amendment may be executed by one or more of
the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of this Fifth Amendment by facsimile or electronic (e.g. pdf) transmission
shall be effective as delivery of a manually executed original counterpart hereof. 
 6.4 No Oral Agreement. This
written Fifth Amendment, the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or
unwritten oral agreements of the parties. There are no subsequent oral agreements between the parties. 
 6.5 Governing
Law. This Fifth Amendment (including, but not limited to, the validity and enforceability hereof) shall be governed by, and construed in accordance with, the laws of the State of New York. 

6.6 Severability. Any provision of this Fifth Amendment which is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 6.7 Loan Document. This Fifth Amendment shall constitute a
“Loan Document” for all purposes under the other Loan Documents. 
 [signature pages follow] 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to be duly executed
effective as of the date first written above. 
  

							
	 BORROWER:
	 		 	 ENERGEN CORPORATION

				
		 		 	 By:
	 	 /s/ CHARLES W. PORTER, JR.

		 		 	 Name:
	 	 Charles W. Porter, Jr.

		 		 	 Title:
	 	 Vice President, Chief Financial Officer and Treasurer

			
	 GUARANTOR:
	 		 	 ENERGEN RESOURCES CORPORATION

				
		 		 	 By:
	 	 /s/ CHARLES W. PORTER, JR.

		 		 	 Name:
	 	 Charles W. Porter, Jr.

		 		 	 Title:
	 	 Vice President, Chief Financial Officer and Treasurer

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

							
	 ADMINISTRATIVE AGENT:
	 		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

		 		 	 as Administrative Agent, Issuing Bank and Lender

				
		 		 	 By:
	 	 /s/ COURTNEY KUBESCH

		 		 	 Name:
	 	 Courtney Kubesch

		 		 	 Title:
	 	 Director

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

							
	 SYNDICATION AGENT:
	 		 	 BANK OF AMERICA, N.A.,

			
		 		 	 as Syndication Agent and Lender

				
		 		 	 By:
	 	 /s/ ALIA QADDUMI

		 		 	 Name:
	 	 Alia Qaddumi

		 		 	 Title:
	 	 Director

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

							
	 CO-DOCUMENTATION AGENT:
	 		 	 COMPASS BANK,

			
		 		 	 as Co-Documentation Agent and Lender

				
		 		 	 By:
	 	 /s/ GABRIELA AZCARATE

		 		 	 Name:
	 	 Gabriela Azcarate

		 		 	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

							
	 CO-DOCUMENTATION AGENT:
	 		 	 JPMORGAN CHASE BANK, N.A.,

			
		 		 	 as Co-Documentation Agent and Lender

				
		 		 	 By:
	 	 /s/ JO LINDA PAPADAKIS

		 		 	 Name:
	 	 Jo Linda Papadakis

		 		 	 Title:
	 	 Authorized Officer

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

							
	 CO-DOCUMENTATION AGENT:
	 		 	 REGIONS BANK,

		 		 	 as Co-Documentation Agent and Lender

				
		 		 	 By:
	 	 /s/ WILLIAM A. PHILIPP

		 		 	 Name:
	 	 William A. Philipp

		 		 	 Title:
	 	 Managing Director

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 CIBC Inc.,

	 as Lender

		
	 By:
	 	 /s/ DARIA MAHONEY

	 Name:
	 	 Daria Mahoney

	 Title:
	 	 Authorized Signatory

		
	 By:
	 	 /s/ WILLIAM M. REID

	 Name:
	 	 William M. Reid

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 MIZUHO BANK, LTD.,

	 as Lender

		
	 By:
	 	 /s/ LEON MO

	 Name:
	 	 Leon Mo

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 PNC BANK, NATIONAL ASSOCIATION,

	 as Lender

		
	 By:
	 	 /s/ JONATHAN LUCHANSKY

	 Name:
	 	 Jonathan Luchansky

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	SUMITOMO MITSUI BANKING CORPORATION,
	 as Lender

		
	 By:
	 	 /s/ JAMES D. WEINSTEIN

	 Name:
	 	 James D. Weinstein

	 Title:
	 	 Managing Director

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,

	 as Lender

		
	 By:
	 	 /s/ NICHOLAS T. HANFORD

	 Name:
	 	 Nicholas T. Hanford

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 BRANCH BANKING AND TRUST COMPANY,

	 as Lender

		
	 By:
	 	 /s/ RYAN AMAN

	 Name:
	 	 Ryan Aman

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 BMO HARRIS BANK N. A.,

	 as Lender

		
	 By:
	 	 /s/ MATTHEW L. DAVIS

	 Name:
	 	 Matthew L. Davis

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 DNB CAPITAL LLC,

	 as Lender

		
	 By:
	 	 /s/ BYRON COOLEY

	 Name:
	 	 Byron Cooley

	 Title:
	 	 Senior Vice President

		
	 By:
	 	 /s/ MACK LAMBERT

	 Name:
	 	 Mack Lambert

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 ROYAL BANK OF CANADA,

	 as Lender

		
	 By:
	 	 /s/ KRISTAN SPIVEY

	 Name:
	 	 Kristan Spivey

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 THE TORONTO DOMINION (NEW YORK) LLC,

	 as Lender

		
	 By:
	 	 /s/ RAYAN KARIM

	 Name:
	 	 Rayan Karim

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 BOKF, NA DBA BANK OF OKLAHOMA,

	 as Lender

		
	 By:
	 	 /s/ JOHN KRENGER

	 Name:
	 	 John Krenger

	 Title:
	 	 Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

	 as Lender

		
	 By:
	 	 /s/ ROBERT HETU

	 Name:
	 	 Robert Hetu

	 Title:
	 	 Authorized Signatory

		
	 By:
	 	 /s/ LORENZ MEIER

	 Name:
	 	 Lorenz Meier

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 FIFTH THIRD BANK,

	 as Lender

		
	 By:
	 	 /s/ LARRY HAYES

	 Name:
	 	 Larry Hayes

	 Title:
	 	 Director

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 SYNOVUS BANK,

	 as Lender

		
	 By:
	 	 /s/ JOSEPH KEENER

	 Name:
	 	 Joseph Keener

	 Title:
	 	 Senior Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 BARCLAYS BANK PLC,

	 as Lender

		
	 By:
	 	 /s/ JAKE LAM

	 Name:
	 	 Jake Lam

	 Title:
	 	 Assistant Vice President

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION] 

 
			
	 MORGAN STANLEY BANK, N. A.,

	 as Lender

		
	 By:
	 	 /s/ MATTHEW T. MEYERS

	 Name:
	 	 Matthew T. Meyers

	 Title:
	 	 Authorized Signatory

  

[SIGNATURE PAGE] 

[FIFTH AMENDMENT TO THE CREDIT AGREEMENT] 

[ENERGEN CORPORATION]EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”), dated as of October 26, 2016 and effective as of
the Effective Date (as hereinafter defined), is made and entered into by and among MGM GROWTH PROPERTIES OPERATING PARTNERSHIP LP, a Delaware limited partnership (the “Borrower”), the other Loan Parties under the Credit
Agreement referred to below, each of the Lenders (as hereinafter defined) party hereto and BANK OF AMERICA, N.A., as administrative agent under the Credit Agreement referred to below (in such capacity, the “Administrative
Agent”). 
 RECITALS 

A. The Borrower and the Lenders party hereto are parties to that certain Credit Agreement, dated as of April 25, 2016 (as amended, amended and
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) by and among the Borrower, the banks, financial institutions and other entities from time to time party thereto as lenders (including the L/C
Issuer) (collectively, the “Lenders”), and the Administrative Agent.
 B. In connection with the Credit Agreement, the Loan
Parties executed various Loan Documents to guaranty and/or secure the obligations of the Borrower under the Credit Agreement. 
 C. The
Borrower has requested that the Lenders party hereto agree to amend the Credit Agreement subject to, and in accordance with, the terms and conditions set forth herein. 

D. The Lenders party hereto are willing to agree to enter into this First Amendment, subject to the conditions and on the terms set forth
below. 
 AGREEMENT 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower, each of the other Loan Parties and each of the Lenders party hereto agree as follows: 

1. Definitions. Except as otherwise expressly provided herein, capitalized terms used in this First Amendment shall have the
meanings given in the Credit Agreement, and the rules of interpretation set forth in the Credit Agreement shall apply to this First Amendment. 

2. Amendments to Credit Agreement.
  

	 	(a)	The following new definition is hereby added to Section 1.01 of the Credit Agreement, inserted in proper alphabetical order: 

 ““First Amendment Effective Date” shall mean the “Effective Date”
as defined in that certain First Amendment to Credit Agreement, dated as of October 26, 2016, among the Borrower, the other Loan Parties, the Administrative Agent and the Lenders party thereto.” 

““Debt Rating” means, as of any date of determination, each of the corporate credit rating of the Borrower determined by
S&P and the corporate family rating of the Borrower determined by Moody’s. 
 Initially, the Applicable Rate in respect of the Term
B Facility shall be at Pricing Level 2. Thereafter, each change in the Applicable Rate in respect of the Term B Facility resulting from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade or a downgrade,
during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective date of the next such change. In no event shall the Administrative Agent be responsible for, or have any
liability for, monitoring the Debt Rating.” 
  

	 	(b)	The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended by amending and restating clause (b) thereof as follows (for the avoidance of doubt, without affecting the
paragraph following such clause (b)): 

 “and (b) in respect of the Term B Facility, the following percentages per
annum, based on the Debt Rating as set forth below: 
  

											
	 Applicable Rate
	 
	 Pricing
Level
	  	 Debt Ratings
S&P and Moody’s
	  	Eurodollar Rate	 	 	Base Rate	 
	 1
	  	 Both Ba3 or better and BB- or better
	  	 	2.50	% 	 	 	1.50	% 
				
	 2
	  	 Below Ba3 or below BB- (or if for any reason Pricing Level 1 does not apply)
	  	 	2.75	% 	 	 	1.75	% 

 ” 
  

	 	(c)	Section 2.04(a) of the Credit Agreement is hereby amended by amending and restating the penultimate sentence thereof as follows: 

“Notwithstanding anything to the contrary contained herein, any prepayment of the Term B Facility made after the First Amendment Effective
Date but on or prior to the six (6) month anniversary of the First Amendment Effective Date in connection with a Repricing Event shall be accompanied by the payment of the fee described in Section 2.08(c).” 

  
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	 	(d)	Section 2.04(b)(iv) of the Credit Agreement is hereby amended by amending and restating the last sentence thereof as follows: 

“Any prepayment of the Term B Facility after the First Amendment Effective Date and on or prior to the six (6) month anniversary of the
First Amendment Effective Date pursuant to Section 2.04(b)(ii) in connection with a Repricing Event described in clause (i) of the definition thereof shall be accompanied by the payment of the fee
described in Section 2.08(c).” 
  

	 	(e)	Section 2.08(c) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

“(c) Repricing Fee. If a Repricing Event is consummated after the First Amendment Effective Date and on or prior to the six
(6) month anniversary of the First Amendment Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of (i) each Term B Lender with Term B Loans that are repaid and (ii) each Term B Lender that withholds its
consent to such Repricing Event and is replaced or terminated as a Term B Lender under Section 11.13, a fee in an amount equal to 1.00% of (x) in the case of a Repricing Event described in
clause (i) of the definition thereof, the aggregate principal amount of all Term B Loans of such Term B Lender that are prepaid in connection with such Repricing Event and (y) in the case of a Repricing Event described
in clause (ii) of the definition thereof, the aggregate principal amount of all Term B Loans of such Term B Lender that are so assigned or terminated and repaid under Section 11.13. Such fees
shall be earned, due and payable upon the date of the effectiveness of such Repricing Event.” 
 3. Representations and
Warranties. To induce the Lenders party hereto to agree to this First Amendment, the Borrower and each of the other Loan Parties represent to the Lenders and the Administrative Agent that as of the date hereof and as of the Effective Date:

 (a) the Borrower and each of the other Loan Parties have all requisite power and authority to enter into, execute and deliver this First
Amendment and to carry out the transactions contemplated by, and to perform its obligations under or in respect of, this First Amendment; 

(b) the execution and delivery of this First Amendment and the performance of the obligations of the Borrower and each of the other Loan
Parties under or in respect of this First Amendment have been duly authorized by all necessary corporate or other organizational action on the part of the Borrower and each of the other Loan Parties; 

(c) the execution and delivery of this First Amendment and the performance of the obligations of such Loan Party under or in respect of this
First Amendment do not and will not (i) require any consent or approval not heretofore obtained of any member, partner, director, stockholder, security holder or creditor of such Loan Party; (ii) violate or conflict with any provision of such
party’s charter, articles of incorporation, operating agreement, partnership agreement or bylaws, as applicable; (iii) violate or conflict with any provision of the indentures 

  
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governing the public Indebtedness of the Borrower and the Restricted Subsidiaries, except to the extent that such violation or conflict could not reasonably be expected to have a Material Adverse
Effect; (iv) result in or require the creation or imposition of any Lien upon or with respect to any Property of the Borrower, and the Restricted Subsidiaries, other than Liens permitted by Section 8.03 of the Credit
Agreement; or violate any Requirement of Law applicable to such Party, except to the extent that such violation could not reasonably be expected to have a Material Adverse Effect; 

(d) this First Amendment has been duly and validly executed and delivered by the Borrower and each of the other Loan Parties and constitutes a
legal, valid and binding obligation of the Borrower and each of the other Loan Parties, enforceable against the Borrower and each of the other Loan Parties in accordance with its terms, except as enforcement may be limited by Debtor Relief Laws,
Gaming Laws or equitable principles relating to the granting of specific performance and other equitable remedies as a matter of judicial discretion; 

(e) after giving effect to this First Amendment, no event has occurred and is continuing or will result from the execution and delivery of
this First Amendment or the performance by the Borrower and the other Loan Parties of their obligations hereunder that would constitute a Default or an Event of Default; and 

(f) each of the representations and warranties made by such Loan Party in or pursuant to Article V of the Credit Agreement, as amended hereby,
is true and correct in all material respects on and as of the Effective Date as if made on and as of such date; provided, that, to the extent that such representations or warranties specifically refer to an earlier date, they shall be true and
correct in all material respects as of such earlier date; provided, further, that, any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct in
all respects on such respective dates.
 4. Effectiveness of this First Amendment. This First Amendment shall be effective only
if and when: 
 (a) the Borrower, the other Loan Parties, and each Lender who has consented hereto have delivered their fully executed
signature pages hereto to the Administrative Agent; 
 (b) each of the representations and warranties contained in Section 3 of this First
Amendment shall be true and correct in all material respects; 
 (c) at such time that this First Amendment becomes effective, all Term B
Loans are held by Term B Lenders who have consented to this First Amendment with respect to their entire respective Term B Loans at such time; 

(d) the Borrower shall have paid all fees and expenses owed to the Administrative Agent, the BofA Arranger (as defined below) and the Lenders
accrued through and including the Effective Date to such Administrative Agent, BofA Arranger and Lenders; and 

  
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 (e) unless waived by the Administrative Agent, the Borrower shall have paid all Attorney Costs of
counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced at least three Business Days prior to the Effective Date. 

This First Amendment shall be effective on the date (the “Effective Date”) on which all of the foregoing conditions are satisfied (such
conditions to be satisfied no later than October 28, 2016). 
 5. Acknowledgments. By executing this First Amendment, each of
the Loan Parties (a) consents to this First Amendment and the performance by the Borrower and each of the other Loan Parties of their obligations hereunder, (b) acknowledges that notwithstanding the execution and delivery of this First
Amendment, the obligations of each of the Loan Parties under the Guaranty, the Pledge Agreement, the Security Agreement and each of the other Loan Documents to which such Loan Party is a party are not impaired or affected and the Guaranty, the
Pledge Agreement, the Security Agreement and each such Loan Document continues in full force and effect and (c) affirms and ratifies, to the extent it is a party thereto, the Guaranty, the Pledge Agreement, the Security Agreement and each other
Loan Document with respect to all of the Obligations as amended hereby. 
 6. Miscellaneous.

(a) THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN ANY LOAN DOCUMENT WHICH EXPRESSLY STATES THAT IT SHALL BE GOVERNED BY THE LAW OF
ANOTHER JURISDICTION) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS
EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL EACH BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  

(b) This First Amendment may be executed in one or more duplicate counterparts and, subject to the other terms and conditions of this First
Amendment, when signed by all of the parties listed below shall constitute a single binding agreement. Delivery of an executed signature page to this First Amendment by facsimile transmission or electronic mail shall be as effective as delivery
of a manually signed counterpart of this First Amendment.
 (c) The Borrower has appointed each of Bank of America, N.A. (or any other
registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may
be transferred following the date of this First Amendment, collectively with Bank of America, N.A., the “BofA Arranger”), JPMorgan Chase Bank, N.A., Barclays Bank PLC, BNP Paribas Securities Corp., Citigroup

  
 5 

 
Global Markets Inc., Credit Agricole Corporate and Investment Bank, Deutsche Bank Securities Inc., Fifth Third Bank, Morgan Stanley Senior Funding, Inc., Sumitomo Mitsui Banking Corporation and
SunTrust Robinson Humphrey, Inc. to act as joint lead arrangers and joint bookrunners for this First Amendment (in such capacity, the “First Amendment Arrangers”), JPMorgan Chase Bank, N.A. to act as syndication agent for this First
Amendment (in such capacity, the “First Amendment Syndication Agent”), and each of Bank of America, N.A., Barclays Bank PLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Citizens Bank, N.A., Credit Agricole
Corporate and Investment Bank, Deutsche Bank Securities Inc., Fifth Third Bank, Morgan Stanley Senior Funding, Inc., Sumitomo Mitsui Banking Corporation, SunTrust Bank and The Bank of Nova Scotia to act as co-documentation agents for this First
Amendment (in such capacity, the “First Amendment Co-Documentation Agents”). Each First Amendment Arranger, the First Amendment Syndication Agent and each First Amendment Co-Documentation Agent shall in such capacity, as
applicable, be entitled to all of the rights, protections and immunities of an “Arranger” under the Credit Agreement; provided, that in no event will the First Amendment Arrangers, the First Amendment Syndication Agent and the First
Amendment Co-Documentation Agents (other than the BofA Arranger) be entitled to any fees and expenses, and in no event will the Borrower be obligated to pay any fees and expenses to any of the First Amendment Arrangers, the First Amendment
Syndication Agent and the First Amendment Co-Documentation Agents (other than the BofA Arranger), in connection with their roles as First Amendment Arrangers, First Amendment Syndication Agent and First Amendment Co-Documentation Agents, as
applicable. 
 (d) Except as amended hereby, all of the provisions of the Credit Agreement and the other Loan Documents shall remain in full
force and effect except that each reference to the “Credit Agreement”, or words of like import in any Loan Document, shall mean and be a reference to the Credit Agreement as amended hereby. This First Amendment shall be deemed a
“Loan Document” as defined in the Credit Agreement. Sections 11.14(b), 11.14(c), 11.14(d) and 11.15 of the Credit Agreement shall apply to this First Amendment as if expressly set forth herein.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6 

 IN WITNESS WHEREOF, the parties have caused this First Amendment to be duly executed as of the
day and year first above written, to be effective as of the Effective Date. 
  

			
	Borrower:
	
	MGM GROWTH PROPERTIES LIMITED PARTNERSHIP LP
		
	By:	 	 /s/ Andy H. Chien

	Name:	 	 Andy H. Chien

	Title:	 	 Chief Financial Officer and Treasurer

	
	Other Loan Parties:
	
	MGP LESSOR, LLC
	MGP LESSOR HOLDINGS, LLC
	MGP ESCROW CO-ISSUER, INC.
		
	By:	 	 /s/ Andy H. Chien

	Name:	 	 Andy H. Chien

	Title:	 	 Chief Financial Officer and Treasurer

  
 [Signature Page to First
Amendment] 

 
			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ DeWayne D. Rosse

	Name:	 	 DeWayne D. Rosse

	Title:	 	 Assistant Vice President

  
 [Signature Page to First
Amendment] 

 [Lender signature pages on file with the Administrative Agent]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00263-of-00352.parquet"}]]