SEC Contract Filing

Filing Date: 2024-03-28

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d804453dex102.htm
<DESCRIPTION>EX-10.2
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">EXTENSION AGREEMENT </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Bank of America, N.A.<BR>as Administrative Agent<BR>under the Credit Agreement<BR>referred to
below</P></TD>
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</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned hereby agree to extend, effective March&nbsp;27, 2024, the Termination Date under the Credit Agreement dated as of
March&nbsp;27, 2023 (as further amended from time to time, the &#147;<B>Credit Agreement</B>&#148;) among Consolidated Edison Company of New York, Inc., Consolidated Edison, Inc. Orange and Rockland Utilities, Inc., the Lenders party thereto and
Bank of America, N.A., as Administrative Agent, for one year to March&nbsp;27, 2029, and by their acceptance hereof, the Borrowers hereby confirm that the conditions set forth in Section&nbsp;2.19(b)(i) and (ii)&nbsp;of the Credit Agreement are
satisfied as to such extension. Terms defined in the Credit Agreement are used herein with the same meaning. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">By executing this Extension
Agreement, the undersigned Lenders (which constitute the Required Lenders under the Credit Agreement) also agree to waive the requirement in Section&nbsp;2.19(a) of the Credit Agreement requiring (a)&nbsp;the extension contemplated herein to be
requested no earlier than on or after the first anniversary of the Effective Date (such request date, the &#147;<B>Extension Request Date</B>&#148;), and (b)&nbsp;not less than 30 days written notice to be provided to the Administrative Agent
following the Extension Request Date before the extension contemplated herein can take effect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Extension Agreement shall be
construed in accordance with and governed by the law of the State of New York. </P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="3">Agreed and accepted:</TD></TR>
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<TD VALIGN="top" COLSPAN="3">CONSOLIDATED EDISON COMPANY OF</TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman"><I>/s/ Yukari Saegusa</I></P></TD></TR></TABLE>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="top">Yukari Saegusa</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="top">Vice President and Treasurer</TD></TR>
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<TD VALIGN="top" COLSPAN="3">CONSOLIDATED EDISON, INC.</TD></TR></TABLE>
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<TD VALIGN="top">By:</TD>
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