SEC Contract Filing

Filing Date: 2016-11-08

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>te-ex101_445.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EXECUTION COPY</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">AMENDMENT NO. 1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">TO</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">LOAN AND SERVICING AGREEMENT</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This AMENDMENT NO. 1 TO LOAN AND SERVICING AGREEMENT (this &#8220;<font style="text-decoration:underline;">Amendment</font>&#8221;) dated as of August 10, 2016 is by and among Tampa Electric Company, in its capacity as &#8220;<font style="text-decoration:underline;">Servicer</font>&#8221; under the Loan Agreement (as defined below); TEC Receivables Corp., in its capacity as &#8220;<font style="text-decoration:underline;">Borrower</font>&#8221;, The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, in its capacities as &#8220;<font style="text-decoration:underline;">Program Agent</font>&#8221; and a &#8220;<font style="text-decoration:underline;">Managing Agent,</font>&#8221; The Bank of Tokyo-Mitsubishi UFJ, Ltd., in its capacity as a &#8220;<font style="text-decoration:underline;">Committed Lender</font>;&#8221; and Royal Bank of Canada, in its capacities as a &#8220;<font style="text-decoration:underline;">Managing Agent</font>&#8221; and a &#8220;<font style="text-decoration:underline;">Committed Lender.</font>&#8221; Capitalized terms used herein but not specifically defined herein shall have the meanings given to such terms in the Loan Agreement (as defined below).</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:15.38%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PRELIMINARY STATEMENTS:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1) The Servicer, the Borrower, the Committed Lenders, the Managing Agents, the Program Agent and certain Conduit Lenders are parties to that certain Loan and Servicing Agreement dated as of March 24, 2015 (the &#8220;<font style="text-decoration:underline;">Loan Agreement</font>&#8221;).</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2) The parties hereto wish to amend the Loan Agreement, in accordance with Section&#160;10.01(b) thereof, upon the terms and subject to the conditions set forth herein.</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:15.38%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NOW, THEREFORE, the parties hereto agree as follows:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SECTION 1. <font style="text-decoration:underline;">Amendments to the Loan Agreement</font>. Effective as of the date hereof and subject to the satisfaction of the condition precedent set forth in <font style="text-decoration:underline;">Section 2</font> hereof, the Loan Agreement is hereby amended as follows:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:15.38%;color:#010000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A. <font style="text-decoration:underline;color:#000000;">Section 1.01</font><font style="color:#000000;"> of the Loan Agreement is hereby amended to add the following sentence at the end of the definition of &#8220;</font><font style="text-decoration:underline;color:#000000;">LIBO Rate</font><font style="color:#000000;">&#8221;:</font></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;margin-left:15.38%;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Notwithstanding the foregoing, at no time shall the LIBO Rate be less than 0%.&#8221; </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:15.38%;color:#010000;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">B. <font style="text-decoration:underline;color:#000000;">Section 7.01</font><font styl