SEC Contract Filing

Filing Date: 2015-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.8
<SEQUENCE>2
<FILENAME>exhibit108pbf-increaseagre.htm
<DESCRIPTION>EXHIBIT 10.8
<TEXT>
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<a name="sE2C870532E52C73EECDD9F535D43D1AA"></a><div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><br><div style="line-height:113%;padding-top:5px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.8</font></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:130%;text-align:left;font-size:13pt;"><font style="font-family:inherit;font-size:13pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;padding-left:229px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">INCREASE AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">THIS INCREASE AGREEMENT</font><font style="font-family:inherit;font-size:11pt;">, dated as of December 5, 2014 (this </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Agreement&#8221;</font><font style="font-family:inherit;font-size:11pt;">), by and among the institutions set forth on </font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Schedule 1</font><font style="font-family:inherit;font-size:11pt;">&#32;hereto (each an </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Incremental Lender&#8221; </font><font style="font-family:inherit;font-size:11pt;">and collectively the </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Incremental Lenders&#8221;</font><font style="font-family:inherit;font-size:11pt;">), </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">PBF LOGISTICS LP</font><font style="font-family:inherit;font-size:11pt;">, a Delaware limited partnership (the </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Borrower&#8221;</font><font style="font-family:inherit;font-size:11pt;">) and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WELLS FARGO BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:11pt;">, as Administrative Agent (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Swingline Lender and L/C Issuer.</font></div><div style="line-height:100%;padding-top:1px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:2px;text-align:center;padding-left:277px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">RECITALS:</font></div><div style="line-height:110%;padding-top:1px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, reference is hereby made to that certain Revolving Credit Agreement, dated as of May 14, 2014, by and among the Borrower, each lender (collectively, the </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Lenders&#8221; </font><font style="font-family:inherit;font-size:11pt;">and individually, a </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Lender&#8221;) </font><font style="font-family:inherit;font-size:11pt;">from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and L/C Issuer (as the same may be amended, restated, supplemented or otherwise modified from time to time, the </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Credit Agreement&#8221;</font><font style="font-family:inherit;font-size:11pt;">; capitalized terms used and not otherwise defined herein being used herein as therein defined); and</font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:8px;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:11pt;">, subject to the terms and conditions of the Credit Agreement, Borrower may increase the existing Commitments (such increased Commitments, the </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">&#8220;Incremental Revolving Facility Commitments&#8221;</font><font style="font-family:inherit;font-size:11pt;">) by entering into one or more increase agreements with the Incremental Lenders;</font></div><div style="line-height:110%;padding-top:1px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:121%;text-align:justify;padding-left:8px;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inher