Notice of Automatic Extension under Amended and Restated Credit Agreement between PPL Electric Utilities Corporation and Wells Fargo Bank, N.A.

Contract Categories: Business Finance › Credit Agreements
Summary

PPL Electric Utilities Corporation has sent a formal notice to Wells Fargo Bank, National Association, as Administrative Agent, under their $300 million Amended and Restated Credit Agreement dated July 28, 2014. The notice requests confirmation that, upon delivery of an officer’s certificate and a legal opinion, the agreement’s automatic extension will take effect. This ensures the continuation of the credit facility, subject to the required documentation being provided as specified in the agreement.

Read More Arrow
EX-10.B 6 form10q-exhibit10b.htm EXHIBIT 10(B) form10q-exhibit10_b.htm
Exhibit 10(b)
 
[PPL Electric Utilities Corporation Letterhead]
 
September 29, 2014
 

 
Wells Fargo Bank, National Association
as Administrative Agent
1525 W WT Harris Boulevard
Charlotte, North Carolina 28262
Attention: Syndication Agency Services


Ladies and Gentleman:

This notice is delivered pursuant to Section 4.03 of the $300,000,000 Amended and Restated Credit Agreement dated as of July 28, 2014 (the “Credit Agreement”) among PPL Electric Utilities Corporation, the lending institutions party thereto from time to time and Wells Fargo Bank, National Association, as Administrative Agent (the “Administrative Agent”). Terms defined in the Credit Agreement and not otherwise defined herein have the respective meanings provided for in the Credit Agreement

The undersigned hereby requests that the Administrative Agent please confirm that, with the delivery of the documents listed below, the Automatic Extension will be effective:

 
(a)
Officer’s Certificate dated September 29, 2014 pursuant to Section 4.03(b) of the Agreement, including all documents attached thereto; and
 
(b)
Opinion of Counsel dated September 29, 2014, pursuant to Section 4.03(c) of the Agreement.









[Signature Page Follows]

 
 
 
 

 
PPL ELECTRIC UTILITIES CORPORATION
       
 
By:
    
 
Name:
  
 
Title:
  



Confirmed:

 
WELLS FARGO BANK, NATIONAL ASSOCIATION

By: ___________________________________
Name:
Title:



























[Notice Pursuant to Section 4.03 of the Credit Agreement]