Laclede Gas Company
000 Xxxxx Xxxxxx
Xx. Xxxxx, XX 00000
January 14, 1997
The Boatmen's National Bank of St. Louis
One Boatmen's Plaza, 13th Floor
000 Xxxxxx Xxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Gentlemen:
In order to help finance our construction through January 31, 1998, and to
provide funds for general corporate purposes, we are asking you to make
available to us until January 31, 1998, bank credit in the amount of
$10,000,000.00.
Notes issued under this agreement shall mature not more than ninety (90)
days from date. Notes maturing after January 31, 1998, may be renewed in
whole or in part provided no note shall mature later than June 30, 1998.
The notes shall bear interest at your lowest rate extended to the most
credit-worthy commercial and industrial borrowers for ninety (90) day
maturities effective at the time of each borrowing or renewal. Interest
shall be payable at maturity or on the date of any prepayment. Notes issued
under this agreement may be prepaid at any time without penalty.
It is understood that any loans obtained by any subsidiary of Laclede Gas
Company whether or not they are guaranteed by Laclede Gas Company are
excluded from this agreement and shall not be charged against the credit
stated above.
Nothing in this letter is intended to alter the arrangements set forth in
the agreement dated December 23, 1996, or the availability of up to
$22,500,000.00 of advances thereunder from The Boatmen's National Bank on
the terms set forth in said December 23, 1996 agreement.
If the foregoing is acceptable to you, will you kindly sign in the space
indicated below, and this shall then constitute an agreement between us.
Yours very truly,
LACLEDE GAS COMPANY
By /s/ Xxxxxx X. Xxxxxxxx
Treasurer & Asst. Secretary
THE BOATMEN'S NATIONAL BANK OF ST. XXXXX
By /s/ Xxxxxx X. Xxxxxx
Vice President
RLK/dkk
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