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.
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          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.
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          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.
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          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