INCREASING LENDER AGREEMENT
Exhibit 10.25
Dated January 31, 2006
Reference is made to the Third Amended and Restated Credit Agreement, dated as of July 27,
2005 (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among Duquesne Light Company (the “Borrower”), the Lenders named therein, JPMorgan
Chase Bank, N.A. (as successor to Bank One, NA), as Administrative Agent and an LC Issuer, Mellon
Bank, N.A., as an LC Issuer, the other LC Issuers from time to time parties thereto, Union Bank of
California, N.A., as Syndication Agent, and Wachovia Bank, National Association and Citibank, N.A.,
as Co-Documentation Agents. Capitalized terms used herein and not otherwise defined herein shall
have the meanings assigned thereto in the Credit Agreement. Pursuant to Section 2.1(v) of the
Credit Agreement, JPMorgan Chase Bank, N.A. (the “Increasing Lender”) has agreed to increase its
Commitment from $10,666,667.00 to $15,666,667.00.
The Increasing Lender and the Administrative Agent agree as follows:
1. The Increasing Lender agrees, on the terms and conditions set forth in the Credit
Agreement, to make Loans to the Borrower and to participate in the issuance of Facility LCs (and
the LC Obligations thereunder) during the period from the date hereof until the Revolving Credit
Termination Date (subject to Section 2.1(ii) of the Credit Agreement), in an aggregate outstanding
amount not to exceed on any day the Increasing Lender’s Commitment set forth opposite its signature
below.
2. On the date hereof (the “Effective Date”), the Increasing Lender shall pay to the
Administrative Agent, in same day funds, at such address and account as the Administrative Agent
shall advise the Increasing Lender, $0.00, which amount shall be used to purchase by assignment
from the existing Lenders such portion of the Loans owing to them such that, after giving effect to
all such purchases and assignments, the Increasing Lender will share such Loans ratably with each
of them (based upon the Increasing Lender’s Pro Rata Share). As of the Effective Date, upon the
payment of such amount, the Commitment of the Increasing Lender shall be the amount set forth
opposite its signature below.
3. This Agreement may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute but one and the same instrument.
4. This Agreement shall be governed by, and construed in accordance with, the laws of the
State of New York.
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written.
Commitment
| $15,666,667.00 | JPMORGAN CHASE BANK, N.A. | |||||
| By: | /s/ Xxxxxxx X XxXxxxx | |||||
| Title: Vice President | ||||||
| JPMORGAN CHASE BANK, N.A. | ||||||
| as Administrative Agent | ||||||
| By: | /s/ Xxxxxxx X XxXxxxx | |||||
| Title: Vice President | ||||||
AGREED and ACCEPTED
as of the date first above
written:
as of the date first above
written:
| DUQUESNE LIGHT COMPANY | ||||
By:
|
/s/ Xxxxxxx X. Xxxxxx | |||
| Title: VP & Treasurer | ||||
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Schedule to Exhibit 10.25
The following lenders entered into substantially identical Increasing Lender Agreements with
Duquesne Light, each dated January 31, 2006:
| Lender | Commitment | |||
Union Bank of California, N.A. |
$ | 15,666,667.00 | ||
Wachovia Bank, National Association |
$ | 14,000,000.00 | ||
Citibank, N.A. |
$ | 14,000,000.00 | ||
National City Bank of Pennsylvania |
$ | 11,333,333.00 | ||
Xxxxxx Brothers Bank, FSB |
$ | 10,000,000.00 | ||
Xxxxxx Xxxxxxx |
$ | 10,000,000.00 | ||
Fifth Third Bank |
$ | 10,000,000.00 | ||
Mellon Bank, N.A. |
$ | 10,000,000.00 | ||
PNC Bank, National Association |
$ | 10,000,000.00 | ||
Societe Generale, New York Branch |
$ | 8,500,000.00 | ||
Citizens Bank of Pennsylvania |
$ | 7,500,000.00 | ||
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