SEC Contract Filing

Filing Date: 2015-11-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a15-22410_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">PNC EQUIPMENT FINANCE, LLC</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">MASTER LEASE AGREEMENT</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THIS MASTER LEASE AGREEMENT (this &#147;<b>Lease</b>&#148;) is made as of October&nbsp;29, 2015, between PNC EQUIPMENT FINANCE, LLC, its successors and assigns (&#147;<b>Lessor</b>&#148;), and ALLIANCE RESOURCE OPERATING PARTNERS, L.P., a Delaware limited partnership (&#147;<b>ARLP</b>&#148;), HAMILTON COUNTY COAL, LLC, a Delaware limited liability company (&#147;<b>HCC</b>&#148;) and WHITE OAK RESOURCES LLC, a Delaware limited liability company (&#147;<b>White Oak</b>&#148;), and their respective successors and permitted assigns (ARLP, HCC and White Oak, collectively and jointly and severally, &#147;<b>Lessee</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:17.25pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lessee desires to lease from Lessor the equipment and other property (the &#147;<b>Equipment</b>&#148;) described in each Equipment Schedule executed pursuant to this Lease (each, a &#147;<b>Schedule</b>&#148;) incorporating by reference the terms and conditions of this Lease (the term &#147;<b>Lease</b>&#148; shall also include any Riders to this Lease entered into with respect to such Schedule).&#160; Certain definitions and construction of certain of the terms used in this Lease are provided in Section&nbsp;19 hereof.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Lease agree as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>AGREEMENT TO LEASE; TERM</b>.&#160; This Lease is effective as of the date specified above.&#160; By entering into a Schedule, Lessor leases the Equipment described therein to Lessee, and Lessee leases such Equipment from Lessor, in each case, subject to the terms and conditions in this Lease and such Schedule and all of the other documents and agreements executed in connection herewith (collectively, the &#147;<b>Lease Documents</b>&#148;).&#160; Each Schedule, incorporating the terms and conditions of this Lease, will constitute a separate instrument of lease.&#160; The term of lease with respect to each item of Equipment leased under a Schedule shall commence on the date of execution of such Schedule and continue for the term provided in that Schedule.</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b>RENT</b>.&#160; Lessee shall pay Lessor (a)&nbsp;the rental installments (&#147;<b>Basic Rent</b>&#148;) as and when specified in each Schedule, without demand, and (b)&nbsp;all of the other amounts payable in accordance with this Lease, such Schedule and/or any of the other Lease Documents (&#147;<b>Other Payments</b>&#148;, and together with the Basic Rent, collectively, the &#147;<b>Rent</b>&#148;).&#160; Upon Lessee&#146;s execution thereof, the related Schedule shall constitute a non-cancelable net lease, and Lessee&#146;s obligation to pay Rent, and otherwise to perform its obligations under or with respect to such Schedule and all of the other Lease Documents, are and shall be absolute and unconditional and shall not be affected by any circumstances whatsoever, including any right of setoff, counterclaim, recoupment, deduction, defense or other right which Lessee may have against Lessor, the manufacturer or vendor of the Equipment (the &#147;<b>Suppliers</b>&#148;), or anyone else, for any reason whatsoever (each, an &#147;<b>Abatement</b>&#148;).&#160; Lessee agrees that all Rent shall be paid in accordance with Lessor&#146;s or Assignee&#146;s written direction.&#160; Time is of the essence.&#160; If any Rent is not paid within ten (10)&nbsp;days of the due date, Lessor may collect, and Lessee agrees to pay, a late charge (&#147;<b>Late Charge</b>&#148;) equal to the percentage set forth in the related Schedule as the &#147;Late Charge Rate&#148; of the amount not timely paid.</p>
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