SEC Contract Filing

Filing Date: 2018-02-22

Document Content:
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<TYPE>EX-10.H4
<SEQUENCE>7
<FILENAME>ppl-12312017ex10hx4.htm
<DESCRIPTION>EXHIBIT 10.H4
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<div><a name="s1FA4E02AF79CF3037C944D01292D9509"></a></div><div></div><div><br></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10(h)-4</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMMITMENT EXTENSION AGREEMENT AND AMENDMENT NO. 3 TO CREDIT AGREEMENT <br>(Commitment Extension Pursuant to Section 2.08(d) of Credit Agreement and Amendment Pursuant to Section 9.05 of Existing Credit Agreement)</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMMITMENT EXTENSION AGREEMENT AND AMENDMENT NO. 3 TO CREDIT AGREEMENT</font><font style="font-family:inherit;font-size:10pt;">&#32;(this "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:10pt;">") dated as of January 26, 2018, is entered into by and among </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LOUISVILLE GAS AND ELECTRIC COMPANY</font><font style="font-family:inherit;font-size:10pt;">, a Kentucky corporation ("</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Borrower</font><font style="font-family:inherit;font-size:10pt;">"), the undersigned Lenders (as defined in the Credit Agreement) extending their Commitments (as defined in the Credit Agreement) (collectively, the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Extending Lenders</font><font style="font-family:inherit;font-size:10pt;">") and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WELLS FARGO BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:10pt;">, as Administrative Agent (in such capacity, the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Administrative Agent</font><font style="font-family:inherit;font-size:10pt;">"), Swingline Lender and Issuing Lender. Capitalized terms used and not otherwise defined herein shall have the meanings attributed to them in the Credit Agreement (as hereinafter defined).</font></div><div style="line-height:120%;padding-bottom:13px;padding-top:13px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECITALS</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A. &#160;&#160;&#160;&#160;Borrower, the Extending Lenders, the Lenders (as defined in the Existing Credit Agreement) and the Administrative Agent are parties to that certain Amended and Restated Revolving Credit Agreement dated as of July 28, 2014 (as amended, restated, or otherwise modified from time to time prior to the date hereof, the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Existing Credit Agreement</font><font style="font-family:inherit;font-size:10pt;">" and as amended hereby, the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Credit Agreement</font><font style="font-family:inherit;font-size:10pt;">").</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">B.&#160;&#160;&#160;&#160;The Borrower desires to amend the Existing Credit Agreement (i) to change the existing Termination Date, effective as of the Extension Date (as defined below), from January 27, 2022 to January 26, 2023 and (ii) to amend the definition of "Change of Control" in Section 1.01 of the Existing Credit Agreement, and the Lenders party hereto agree to such amendments. Pursuant to Section 2.08(d) of the Credit Agreement, Borrower has requested an extension of the Termination Date (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Commitment Extension</font><font style="font-family:inherit;font-size:10pt;">") of the Commitments from January 27, 2022 to January 26, 2023, effective on the date hereof (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Extension Date</font><font style="font-family:inherit;font-size:10pt;">"), provided that the Administrative Agent determines that the conditions specified in or pursuant to Section 2 of this Agreement have been satisfied.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">C.&#160;&#160;&#160;&#160;Each of the undersigned Extending Lenders has agreed to extend its Commitment in accordance with Schedule I hereto. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;