SEC Contract Filing

Filing Date: 2015-07-27

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d20784dex101.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:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Execution Version </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FIRST AMENDMENT
TO </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AMENDED AND RESTATED CREDIT AGREEMENT </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT dated as of July&nbsp;24, 2015 (this &#147;<U>Amendment</U>&#148;) is by and
among UNITIL CORPORATION, a New Hampshire corporation (the &#147;<U>Borrower</U>&#148;), each lender party hereto, (collectively, &#147;<U>Lenders</U>&#148; and each individually, a &#147;Lender&#148;), BANK OF AMERICA, N.A., as administrative agent
(in such capacity, the &#147;<U>Agent</U>&#148;), L/C Issuer and Lender and CITIZENS BANK, N.A., as syndication agent (in such capacity, the &#147;<U>Syndication Agent</U>&#148;) and Lender, and amends that certain Amended and Restated Credit
Agreement dated as of October&nbsp;4, 2013 (as further amended, restated, amended and restated, modified or supplemented from time to time, the &#147;<U>Credit Agreement</U>&#148;) by and among the Borrower, the lenders party thereto and Bank of
America, N.A. as administrative agent. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower has requested, and the Agent and the Lenders have agreed, to amend certain
provisions of the Credit Agreement, all on the terms and subject to the conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of
the promises and the mutual agreements contained in this Amendment and for other valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Borrower, the Agent and the Lenders hereby agree as follows: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Capitalized Terms</U>. Capitalized terms used herein and not defined shall have the meanings set forth in the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Amendments to Credit Agreement.</U> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Replacement of Defined Terms</U>. Section&nbsp;1.1 of the Credit Agreement is hereby amended by deleting the definitions of the terms
set forth below and replacing them with the following new definitions: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Applicable Margin</U>&#148; means,
with respect to Eurodollar Rate Loans and Floating Rate Loans, a per annum rate equal to 1.25%, and with respect to Base Rate Loans, a per annum rate equal to 0%.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Base Rate</U>&#148; means for any day a fluctuating rate of interest per annum equal to the highest of
(a)&nbsp;the Federal Funds Rate plus 0.50%, (b)&nbsp;the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its &#147;prime rate,&#148; and (c)&nbsp;the Eurodollar Rate plus 1.00%; and if the Base
Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The &#147;prime rate&#148; is a rate set by Bank of America based upon various factors including Bank of America&#146;s costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening
of business on the day specified in the public announcement of such change.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Committed Loan
Notice</U>&#148; means a notice of (a)&nbsp;a Committed Borrowing or (b)&nbsp;a continuation or conversion of Committed Loans, pursuant to Section&nbsp;2.02(a), which shall be substantially in the form of <U>Exhibit A</U> or such other form as may
be approved by the Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Agent), appropriately completed and signed by a Responsible Officer of the Borrower.&#148; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Commitment Fee Rate</U>&#148; means, a rate per annum equal to
0.175%.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Eurodollar Rate</U>&#148; means: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) for any Interest Period with respect to a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered
Rate (&#147;<U>LIBOR</U>&#148;), or a comparable or successor rate which