SEC Contract Filing

Filing Date: 2022-02-25

Document Content:
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<TYPE>EX-10.36
<SEQUENCE>2
<FILENAME>exc-20211231x10kxexh1036.htm
<DESCRIPTION>CREDIT AGREEMENT DATED JANUARY 21, 2022
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<DIV><FONT size="1" style="font-size:1pt;color:white">Execution Version $300,000,000 CREDIT AGREEMENT dated as of January 21, 2022 among EXELON CORPORATION, as Borrower, VARIOUS FINANCIAL INSTITUTIONS, as Lenders, and SUMITOMO MITSUI BANKING CORPORATION, as Administrative Agent </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> -i- TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND INTERPRETATION Certain Defined Terms ...................................................................................... 1 SECTION 1.02 Other Interpretive Provisions .............................................................................. 23 SECTION 1.03 Accounting Principles ......................................................................................... 23 SECTION 1.05 Divisions ............................................................................................................. 24 ARTICLE II AMOUNTS AND TERMS OF THE COMMITMENTS SECTION 2.01 Commitments ...................................................................................................... 24 SECTION 2.02 Procedures for Advances; Limitations on Borrowings ....................................... 25 SECTION 2.03 Fees ..................................................................................................................... 25 SECTION 2.04 Termination of Commitments ............................................................................. 25 SECTION 2.05 Repayment of Advances ..................................................................................... 25 SECTION 2.06 Interest on Advances ........................................................................................... 25 SECTION 2.07 [Reserved] ........................................................................................................... 25 SECTION 2.08 Interest Rate Determination ................................................................................ 26 SECTION 2.09 Continuation and Conversion of Advances ........................................................ 26 SECTION 2.10 Prepayments ........................................................................................................ 26 SECTION 2.11 Increased Costs. .................................................................................................. 26 SECTION 2.12 Illegality .............................................................................................................. 28 SECTION 2.13 Payments and Computations ............................................................................... 28 SECTION 2.14 Taxes ................................................................................................................... 29 SECTION 2.15 Sharing of Payments, Etc .................................................................................... 33 SECTION 2.16 Availability of Types of Borrowings; Adequacy of Interest Rate; Benchmark Replacement .................................................................................................... 34 SECTION 2.17 Funding Indemnification&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;36 SECTION 2.18 Investment Payment Dates&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.37 ARTICLE III CONDITIONS PRECEDENT SECTION 3.01 Conditions Precedent to Effectiveness ................................................................ 37 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">TABLE OF CONTENTS (continued) Page -ii- ARTICLE IV REPRESENTATIONS AND WARRANTIES SECTION 4.01 Representations and Warranties of the Borrower ............................................... 38 ARTICLE V COVENANTS OF THE BORROWER SECTION 5.01 Affirmative Covenants ........................................................................................ 41 SECTION 5.02 Negative Covenants ............................................................................................ 45 ARTICLE VI EVENTS OF DEFAULT SECTION 6.01 Events of Default ................................................................................................ 49 ARTICLE VII THE ADMINISTRATIVE AGENT SECTION 7.01 Authorization and Action .................................................................................... 51 SECTION 7.02 Administrative Agent&#8217;s Reliance, Etc ................................................................. 52 SECTION 7.03 Administrative Agent and Affiliates ................................................................... 52 SECTION 7.04 Lender Credit Decision ....................................................................................... 52 SECTION 7.05 Indemnification ................................................................................................... 53 SECTION 7.