SEC Contract Filing

Filing Date: 2019-04-30

Document Content:
<DOCUMENT>
<TYPE>EX-10.B
<SEQUENCE>3
<FILENAME>ge1q201910-qexhibit10b.htm
<DESCRIPTION>EXHIBIT 10.B
<TEXT>
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<div><a name="s8EB444784FF4778CDFA62D08467F3766"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Exhibit 10(b)</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">AMENDMENT NO. 1 TO CREDIT AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This AMENDMENT NO. 1 TO CREDIT AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), dated as of March 12, 2019, relating to the Credit Agreement described below, is by and among General Electric Company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Borrower</font><font style="font-family:inherit;font-size:11pt;">&#8221;), each of the Lenders (as defined below) party hereto and JPMorgan Chase Bank, N.A. as administrative agent for the Lenders (in such capacity, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">RECITALS:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, reference is hereby made to that certain Credit Agreement, dated as of June 22, 2018 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Credit Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), by and among the Borrower, the lenders from time to time party thereto (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Lenders</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and the Administrative Agent.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">WHEREAS, the Borrower has requested that the Credit Agreement be amended as set forth herein and, in accordance with Section 9.02 of the Credit Agreement, the Lenders party hereto have agreed severally, on the terms and conditions set forth herein and in the Credit Agreement, to amend the Credit Agreement on the terms set forth below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THE PARTIES HERETO THEREFORE AGREE AS FOLLOWS:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:11pt;padding-right:96px;">SECTION 1</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">. </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Defined Terms; References</font><font style="font-family:inherit;font-size:11pt;font-style:italic;">.</font><font style="font-family:inherit;font-size:11pt;">&#32;&#32;Unless otherwise specifically defined herein, each term used herein that is defined in the Credit Agreement has the meaning assigned to such term in the Credit Agreement. Each reference to &#8220;hereof&#8221;, &#8220;hereunder&#8221;, &#8220;herein&#8221; and &#8220;hereby&#8221; and each other similar reference and each reference to &#8220;this Agreement&#8221; and each other similar reference contained in the Credit Agreement shall, after the Effective Date (as defined below), refer to the Credit Agreement, as amended hereby. </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">SECTION 2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;font-style:italic;">.</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">&#32;&#32;</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;text-decoration:underline;">Amendments to Credit Agreement</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;font-style:italic;">.</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">&#32;&#32;</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">The Credit Agreement is, as of the Effective Date and subject to the satisfaction of the conditions precedent set forth in</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">&#32;</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;text-decoration:underline;">Section 3</font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">&#32;</font><font style="font-family:inherit;font-size:11