Commitment Increase Supplements, dated December 27, 2007
EX-10.67 5 k24118exv10w67.htm COMMITMENT INCREASE SUPPLEMENTS, DATED DECEMBER 27, 2007 exv10w67
Exhibit 10.67
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $4,750,000.00, thereby making the amount of its Commitment $30,636,792.45.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
JPMORGAN CHASE BANK, N.A. | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $4,000,000.00, thereby making the amount of its Commitment $26,188,679.25.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
COMERICA BANK | ||||
By: | /s/ Blake W. Arnett | |||
Name: | Blake W. Arnett | |||
Title: | Vice President | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007.
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $4,000,000.00, thereby making the amount of its Commitment $26,188,679.25.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
CREDIT SUISSE, CAYMAN ISLANDS BRANCH | |||||
By: | /s/ David Dodd | /s/ MORENIKEJI AJAYI | |||
Name: | David Dodd | MORENIKEJI AJAYI | |||
Title: | Vice President | ASSOCIATE | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007.
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $4,000,000.00, thereby making the amount of its Commitment $26,188,679.25.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
LEHMAN BROTHERS BANK, FSB | ||||
By: | /s/ Janine M Shugan | |||
Name: | Janine M Shugan | |||
Title: | Authorized Signatory | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007.
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $2,750,000.00, thereby making the amount of its Commitment $18,599,056.60.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
BANK OF AMERICA, N.A. | ||||
By: | /s/ Kevin Bertelsen | |||
Name: | Kevin Bertelsen | |||
Title: | Senior Vice President | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007.
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $2,750,000.00, thereby making the amount of its Commitment $18,599,056.60.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
THE BANK OF NEW YORK | ||||
By: | /s/ John N. Watt | |||
Name: | John N. Watt | |||
Title: | Vice President | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007.
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||
Commitment Increase Supplement
SUPPLEMENT, dated December 27, 2007, to Revolving Credit Agreement, dated as of March 29, 2007 (as the same may be amended, modified, supplemented, restated or replaced from time to time, the Credit Agreement; the terms defined therein and not otherwise defined herein being used herein as therein defined), among International Transmission Company, a Michigan limited liability company (ITC), Michigan Electric Transmission Company, LLC, a Michigan corporation (METC and together with ITC, the Borrowers), the Lenders, and JPMorgan Chase Bank, N.A., as the Administrative Agent.
WITNESSETH:
WHEREAS, the Credit Agreement provides in Section 4.3(d) thereof that any Lender with (when applicable) the consent of the Borrowers may increase the amount of its Commitment by executing and delivering to the Borrowers and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and
WHEREAS, the undersigned now desires to increase the amount of its Commitment under the Credit Agreement;
NOW THEREFORE, the undersigned hereby agrees as follows:
1. The undersigned agrees, subject to the terms and conditions of the Credit Agreement, that on the effective date of this Supplement, it shall have its Commitment increased by $2,750,000.00, thereby making the amount of its Commitment $18,599,056.60.
2. Terms defined in the Credit Agreement shall have their defined meanings when used herein.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.
MORGAN STANLEY BANK | ||||
By: | /s/ Daniel Twenge | |||
Name: | Daniel Twenge | |||
Title: | Authorized Signatory | |||
Accepted this 27th day of December, 2007.
INTERNATIONAL TRANSMISSION COMPANY | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
MICHIGAN ELECTRIC TRANSMISSION COMPANY, LLC | ||||
By: | /s/ Edward M. Rahill | |||
Name: | Edward M. Rahill | |||
Title: | Senior Vice President-Finance & Chief Financial Officer | |||
Accepted this 27th day of December, 2007
JPMORGAN CHASE BANK, N.A., as Administrative Agent | ||||
By: | /s/ Nancy R. Barwig | |||
Name: | Nancy R. Barwig | |||
Title: | Vice President | |||