Laclede Gas Company
000 Xxxxx Xxxxxx
Xx. Xxxxx, XX 00000
February 28, 1997
Xx. Xxxxxx X. Xxxxxx, Vice President
The Boatmen's National Bank of St. Louis
One Boatmen's Plaza
000 Xxxxxx Xxxxxx
Xx. Xxxxx, XX 00000-0000
Dear Xx. Xxxxxx:
This letter sets forth the agreement (the "Three-Day Additional Credit
Agreement") between Laclede Gas Company ("Laclede") and the Boatmen's
National Bank of St. Louis ("Boatmen's") whereby Boatmen's agrees to extend
to Laclede for three days March 1, 1997 through March 3, 1997, an additional
line of credit in the amount of Five Million Dollars ($5,000,000), with any
borrowing thereunder to mature on March 4, 1997 and to bear the same rate of
interest as the "Alternate Base Rate", as defined in that supplemental line
of credit agreement among Laclede, Boatmen's, the Chase Manhattan Bank, and
Mercantile Bank of St. Louis National Association which was originally
entered into on August 19, 1996 and has since been amended and extended
(such supplemental line of credit agreement, as heretofore supplemented and
amended, being hereinafter called the "Line of Credit Agreement"). In the
event Laclede makes a request for an advance of funds under this Three-Day
Additional Credit Agreement, Laclede shall execute an appropriate promissory
note similar (to the extent appropriate) in form to the form of promissory
note attached as Exhibit A to the Line of Credit Agreement.
This Three-Day Additional Line of Credit Agreement shall in no way limit or
reduce any funds otherwise available to Laclede under the terms of the
Supplemental Line of Credit Agreement, or under the $10 million line of
credit between Laclede and Boatmen's evidenced by letter of Laclede to
Boatmen's dated January 14, 1997.
Please indicate acceptance of this Three-Day Additional Credit Agreement by
signing in the appropriate space below, and on the enclosed duplicate
original of this letter, and returning to Laclede the signed duplicate
original of this letter.
Very truly yours,
LACLEDE GAS COMPANY
By: /s/ X. X. Xxxxxxxx
Name: X. X. Xxxxxxxx
Title: Treasurer and Assistant Secretary
Accepted and Agreed to as of
the day first written above:
THE BOATMEN'S NATIONAL BANK OF ST. LOUIS
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Vice President
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