SEC Contract Filing

Filing Date: 2016-05-02

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d160539dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><I>Execution Version</I> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO.&nbsp;2 TO AMENDED AND RESTATED CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">AMENDMENT NO.&nbsp;2 TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of April&nbsp;29, 2016 (this &#147;<U>Amendment</U>&#148;), among
SPECTRA ENERGY CAPITAL, LLC, a Delaware limited liability company (the &#147;<U>Borrower</U>&#148;), SPECTRA ENERGY CORP, a Delaware corporation (&#147;<U>Parent</U>&#148;), JPMorgan Chase Bank, N.A., in its capacity as administrative agent under
the Credit Agreement referred to below (the &#147;<U>Agent</U>&#148;), each entity designated on the signature pages hereto as an &#147;Extending Lender&#148; (collectively, the &#147;<U>Extending Lenders</U>&#148;) and each entity designated on the
signature pages hereto as a &#147;New Lender&#148; (collectively, the &#147;<U>New Lenders</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Borrower, Parent, the Agent
and the Extending Lenders are parties to an Amended and Restated Credit Agreement dated as of November&nbsp;1, 2013 (as heretofore amended, restated, supplemented or otherwise modified, the &#147;<U>Credit Agreement</U>,&#148; and as amended by this
Amendment, the &#147;<U>Amended Credit Agreement</U>&#148;), providing, subject to the terms and conditions thereof, for extensions of credit to be made to the Borrower. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">In connection with this Amendment and the transactions contemplated hereby, each of JPMorgan Chase Bank, N.A., Citigroup Global Markets Inc.,
Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated, Mizuho Bank, Ltd. and Wells Fargo Securities, LLC has been appointed as a Joint Lead Arranger and Joint Bookrunner (collectively, the &#147;<U>Joint Lead Arrangers</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Borrower, Parent, the Extending Lenders and the New Lenders wish to amend the Credit Agreement in certain respects, and accordingly, the
parties hereto hereby agree as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section 1. <U>Definitions</U>. Except as otherwise defined in this Amendment, terms defined in
the Amended Credit Agreement are used herein as defined therein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2. <U>New Lenders; Increased Commitments of Certain
Extending Lenders</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">2.01 Effective as of the Amendment Effective Date (as defined below): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) each New Lender hereby (i)&nbsp;provides a Commitment in an aggregate amount not to exceed at any time outstanding the amount set forth
opposite such New Lender&#146;s name on the signature pages hereto under the caption &#147;Commitment,&#148; (ii)&nbsp;becomes a Lender under the Amended Credit Agreement (as it may be further amended, restated, supplemented or otherwise modified
from time to time) for all purposes to the same extent as if originally a party thereto and shall be bound thereby and entitled to the benefits thereof, (iii)&nbsp;represents and warrants that (A)&nbsp;it has full power and authority, and has taken
all action necessary, to execute and deliver this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Amended Credit Agreement, (B)&nbsp;it satisfies the requirements, if any, specified in the Amended
Credit Agreement that are required to be satisfied by it in order to become a Lender, (C)&nbsp;from and after the Amendment Effective Date, it shall be bound by the provisions of the Amended Credit Agreement as a Lender thereunder and shall have the
obligations of a Lender thereunder, (D)&nbsp;it has received and/or had the opportunity to review a copy of the Credit Agreement to the extent it has in its sole discretion deemed necessary, together with copies of the
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most recent financial statements delivered pursuant to Section&nbsp;5.01(a) and 5.01(b) thereof, as applicable, and such other documents and information as it has in its sole discretion deemed
appropriate to make its own credit analysis and decision to enter into this Amendment and to become a Lender under the Amended Credit Agreement on the basis of which it has made such analysis and decision independently and without reliance on the
Agent or any other Lender, and (E)&nbsp;if it is a Foreign Lender, it has provided to the Agent and the Borrower any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by it, and
(iv)&nbsp;agrees that (A)&nbsp;it will, independently and without reliance on the Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, con