FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
Exhibit 10.1
FOURTH AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT
THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (the “Fourth Amendment”) is dated as of September 7, 2007 and is made by and among PENN VIRGINIA OPERATING CO., LLC, a Delaware limited liability company (the “Borrower”), the GUARANTORS (individually a “Guarantor” and collectively, the “Guarantors”), the FINANCIAL INSTITUTIONS PARTY HERETO (individually a “Lender” and collectively, the “Lenders”), and PNC BANK, NATIONAL ASSOCIATION, as agent for the Lenders (the “Agent”).
RECITALS:
WHEREAS, the Borrower, the Guarantors (as defined therein), the Lenders (as defined therein), and the Agent are parties to that certain Amended and Restated Credit Agreement, dated as of March 3, 2005, as amended by that certain First Amendment, Waiver, and Consent to Amended and Restated Credit Agreement, dated as of July 15, 2005, that certain Second Amendment to Amended and Restated Credit Agreement dated as of August 22, 2006 and effective as of August 15, 2006 and that certain Third Amendment to Amended and Restated Credit Agreement dated as of December 11, 2006 (as amended, the “Credit Agreement”; unless otherwise defined herein, capitalized terms used herein shall have the meanings given to them in the Credit Agreement);
WHEREAS, the parties hereto desire to amend the Credit Agreement as hereinafter provided.
NOW, THEREFORE, in consideration of the foregoing and intending to be legally bound, and incorporating the above-defined terms herein, the parties hereto agree as follows:
1. Recitals. The foregoing recitals are true and correct and incorporated herein by reference.
2. Amendment to Credit Agreement.
(a) Definitions. The following new definition is hereby inserted in Section 1.1 of the Credit Agreement in alphabetical order:
“Fourth Amendment Effective Date means September 7, 2007.”
(b) Increase of Revolving Credit Commitments.
(i) Subject to satisfaction of the conditions set forth in Section 3 below, on the Fourth Amendment Effective Date, the Borrower, the Agent and the Lenders hereby increase the Revolving Credit Commitments from $300,000,000 to $450,000,000 so that after giving effect to such increase, each Lender has the Revolving Credit Commitment as
set forth opposite such Lender’s name on the amended and restated Schedule 1.1(B) attached to this Fourth Amendment.
(ii) On the Fourth Amendment Effective Date, the Borrower shall repay all Revolving Credit Loans outstanding along with any and all accrued interest and fees on the Fourth Amendment Effective Date, subject to the Borrower’s indemnity obligations under Section 5.6.2 [Indemnity] of the Credit Agreement provided that the Borrower may borrow new Revolving Credit Loans with a Borrowing Date on the Fourth Amendment Effective Date. Each of the Lenders shall participate in any new Loans made on or after the Fourth Amendment Effective Date in accordance with their respective Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by this Fourth Amendment.
(iii) On the Fourth Amendment Effective Date and after giving effect to the increase in the Revolving Credit Commitments pursuant hereto, each Lender (a) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of each such Letter of Credit and the participation of each other Lender in each such Letter of Credit shall be adjusted accordingly; and (b) will acquire, (and will pay to the Agent, for the account of each Lender, in immediately available funds, an amount equal to) its Ratable Share of all outstanding Participation Advances.
(c) Loans, Acquisitions and Investments. Clause (iii) of Section 2.10.1 [Increasing Lenders and New Lenders] of the Credit Agreement is hereby amended and restated as follows:
(iii) Increase in Revolving Credit Commitments. The increase in the Revolving Credit Commitments made pursuant to this Section shall be $150,000,000 in the aggregate.
(d) Continuation of or Change in Business; Parent Holding Company Status. Section 8.2.10 [Continuation of or Change in Business; Parent Holding Company Status] is hereby amended and restated to read as follows:
“8.2.10 Continuation of or Change in Business; Parent Holding Company Status.
Each of the Loan Parties (other than the Parent) shall not, and shall not permit any of its Subsidiaries to, engage in any business other than coal leasing, coal infrastructure (including coal loading and coal handling), midstream businesses relating to coal and hydrocarbons (including the managing of coal properties in the United States and the transportation of crude oil and liquid and gaseous hydrocarbons in the United States) and businesses relating to the managing and harvesting of timberland. The Parent may not engage in any business and may not have any assets or liabilities other than those resulting from its ownership of the Borrower.”
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(e) Annual Financial Statements. Section 8.3.3 [Annual Financial Statements] of the Credit Agreement is hereby amended and restated as follows:
“8.3.3 Annual Financial Statements.
As soon as available and in any event within ninety (90) days after the end of each fiscal year of the Borrower, financial statements of the Parent and its Subsidiaries consisting of a consolidated and consolidating balance sheet as of the end of such fiscal year, and related consolidated and consolidating statements of income, stockholders’ equity and cash flows for the fiscal year then ended, all in reasonable detail and setting forth in comparative form the financial statements as of the end of and for the preceding fiscal year, and with respect to such consolidated financial statements, certified by independent certified public accountants of nationally recognized standing satisfactory to the Agent. The certificate or report of accountants shall be free of qualifications (other than any consistency qualification that may result from a change in the method used to prepare the financial statements as to which such accountants concur) and shall not indicate the occurrence or existence of any event, condition or contingency which would materially impair the prospect of payment or performance of any covenant, agreement or duty of any Loan Party under any of the Loan Documents.”
(f) Schedules. In order to reflect the increases in the Revolving Credit Commitments Schedule 1.1(B) [Commitments of Lenders and Addresses for Notices to Lenders] shall be amended and restated to read as set forth on the Schedules attached to this Amendment bearing such name and numerical reference.
3. Conditions to Effectiveness. This Fourth Amendment shall become effective upon satisfaction of each of the following conditions being satisfied to the satisfaction of the Agent (the “Fourth Amendment Effective Date”):
(a) Execution and Delivery of Fourth Amendment. The Borrower, the Guarantors, each of the Lenders, and the Agent shall have executed those Loan Documents to which it is a party, and all other documentation necessary for effectiveness of this Amendment shall have been executed and delivered all to the satisfaction of the Borrower, the Lenders and the Agent.
(b) Notes. The Borrower shall have executed and delivered to each of the Lenders whose Revolving Credit Commitment is increasing new Revolving Credit Notes, reflecting the amount of each such Lender’s Revolving Credit Commitments as so increased.
(c) Amendment to Guaranty. Each of the Guarantors shall have executed an amendment to Guarantee Agreement in form of Exhibit A attached hereto.
(d) Organization, Authorization and Incumbency. There shall be delivered to the Agent for the benefit of each Lender a certificate, dated as of the Fourth Amendment Effective Date and signed by the Secretary or an Assistant Secretary of the each Loan Party, certifying as appropriate as to:
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(i) all action taken by such party in connection with this Fourth Amendment and the other Loan Documents together with resolutions of the general partner of the Parent of each Loan Party evidencing same;
(ii) the names of the officer or officers authorized to sign this Fourth Amendment and the other documents executed and delivered in connection herewith and the true signatures of such officer or officers and specifying the Authorized Officers permitted to act on behalf of the Loan Parties for purposes of the Loan Documents and the true signatures of such officers, on which the Agent and each Lender may conclusively rely; and
(iii) copies of its organizational documents, including its certificate of incorporation, bylaws, certificate of limited partnership, partnership agreement, certificate of formation and limited liability company agreement, in each case as in effect on the Fourth Amendment Effective Date, certified by the appropriate state official where such documents are filed in a state office together with certificates from the appropriate state officials as to the continued existence and good standing of the Borrower in each state where organized or qualified to do business, provided, however, that the Loan Parties may, in lieu of delivering copies of the foregoing organizational documents and good standing certificates, certify that the organizational documents and good standing certificates previously delivered by the Loan Parties to the Agent remain in full force and effect and have not been modified, amended, or rescinded.
(e) Opinion of Counsel. The Borrower shall cause to be delivered to the Agent an opinion of counsel of the Borrower with respect to this Fourth Amendment in such form as shall be acceptable to the Agent.
(f) Material Adverse Change. Each of the Loan Parties represents and warrants to the Agent and the Lenders that, by its execution and delivery hereof to the Agent, after giving effect to this Fourth Amendment, no Material Adverse Change shall have occurred with respect to the Borrower or any of the Loan Parties since the Closing Date of the Credit Agreement.
(g) Litigation. Each of the Loan Parties represents and warrants to the Agent and the Lenders that, by its execution and delivery hereof to the Agent, after giving effect to this Fourth Amendment, there are no actions, suits, investigations, litigation or governmental proceedings pending or, to the Loans Parties’ knowledge, threatened against any of the Loan Parties that could reasonably be expected to result in a Material Adverse Change.
(h) Officer’s Certificate. There shall be delivered to the Agent a certificate of the Loan Parties, dated the Fourth Amendment closing date and signed by the Chief Executive Officer, President, Vice President or Chief Financial Officer of each Loan Party, certifying that: (i) the representations and warranties of the Borrower contained in Article 6 of the Credit Agreement shall be true and accurate on and as of the Fourth Amendment closing date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times
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referred to therein); (2) the Loan Parties shall have performed and complied with all covenants and conditions of the Credit Agreement and this Fourth Amendment; (3) no Event of Default or Potential Default under the Credit Agreement shall have occurred and be continuing or shall exist and (4) no Material Adverse Change has occurred with respect to any Loan Party since March 3, 2005.
(i) Representations and Warranties; No Event of Default. The representations and warranties set forth in the Credit Agreement and this Fourth Amendment shall be true and correct on and as of the Fourth Amendment Effective Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), and no Potential Default or Event of Default shall exist and be continuing under the Credit Agreement or under any other Material Contract, as of the Fourth Amendment Effective Date.
(j) Note Purchase Agreement. No “Default” or “Event of Default” (as such terms are defined in the Note Purchase Agreement) is in existence or has occurred and is continuing under the Note Purchase Agreement after giving effect to the amendments set forth in the Fourth Amendment.
(k) Consents and Approvals. No consent, approval, exemption, order or authorization of, or a registration or filing with, any Official Body or any other Person is required by any Law or any agreement in connection with the execution, delivery and carrying out of this Fourth Amendment by any Loan Party other than such consents, approvals, exemptions, orders or authorizations that have already been obtained.
(l) Amendment Fee. The Borrower shall have paid to the Agent (i) any fees as set forth in a the Agent’s Fee Letter by and between the Borrower and the Agent dated September 7, 2007 and (ii) the reasonable costs and expenses of the Agent including, without limitation, reasonable fees of the Agent’s counsel in connection with this Amendment.
4. Miscellaneous.
(a) Representations and Warranties. By its execution and delivery hereof to the Agent, each of the Loan Parties represents and warrants to the Agent and the Lenders that (i) such Loan Party has duly authorized, executed and delivered this Fourth Amendment, and (ii) no “Default” or “Event of Default” (as such terms are defined in the Note Purchase Agreement) shall have occurred and be continuing under the Note Purchase Agreement after giving effect to the amendments set forth in the Fourth Amendment.
(b) Full Force and Effect. All provisions of the Credit Agreement remain in full force and effect on and after the Fourth Amendment Effective Date and the date hereof except as expressly amended hereby. The parties do not amend any provisions of the Credit Agreement except as expressly amended hereby.
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(c) Counterparts. This Fourth Amendment may be signed in counterparts (by facsimile transmission or otherwise) but all of which together shall constitute one and the same instrument.
(d) Incorporation into Credit Agreement. This Fourth Amendment shall be incorporated into the Credit Agreement by this reference. All representations, warranties, Events of Default and covenants set forth herein shall be a part of the Credit Agreement as if originally contained therein.
(e) Governing Law. This Fourth Amendment and the rights and obligations of the parties hereunder shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles.
(f) Payment of Fees and Expenses. The Borrower unconditionally agrees to pay and reimburse the Agent and save the Agent harmless against liability for the payment of all out-of-pocket costs, expenses and disbursements, including without limitation, to the Agent for itself the reasonable costs and expenses of the Agent including, without limitation, the reasonable fees and expenses of counsel incurred by the Agent in connection with the development, preparation, execution, administration, interpretation or performance of this Fourth Amendment and all other documents or instruments to be delivered in connection herewith.
(g) No Novation. Except as amended hereby, all of the terms and conditions of the Credit Agreement and the other Loan Documents shall remain in full force and effect. Borrower, the Guarantors, each Lender, and the Agent acknowledge and agree that this Fourth Amendment is not intended to constitute, nor does it constitute, a novation, interruption, suspension of continuity, satisfaction, discharge or termination of the obligations, loans, liabilities, or indebtedness under the Credit Agreement or the other Loan Documents.
[SIGNATURE PAGES FOLLOW]
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[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Fourth Amendment as of the day and year first above written.
| BORROWER | ||||
| PENN VIRGINIA OPERATING CO., LLC | ||||
| By: | /s/ Xxxxx X. Xxxx | (SEAL) | ||
| Name: | Xxxxx X. Xxxx | |||
| Title: | Vice President and Chief Financial Officer | |||
[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
| GUARANTORS : | ||||||
| PENN VIRGINIA RESOURCE PARTNERS, L.P. | ||||||
| By: | Penn Virginia Resource GP, LLC, its sole general partner | |||||
| CONNECT ENERGY SERVICES, LLC | ||||||
| CONNECT GAS GATHERING, LLC | ||||||
| CONNECT GAS PIPELINE LLC | ||||||
| CONNECT NGL PIPELINE, LLC | ||||||
| FIELDCREST RESOURCES LLC | ||||||
| K RAIL LLC | ||||||
| LOADOUT LLC | ||||||
| PVR CHEROKEE GAS PROCESSING LLC | ||||||
| PVR EAST TEXAS GAS PROCESSING, LLC | ||||||
| PVR GAS PIPELINE, LLC | ||||||
| PVR GAS PROCESSING LLC | ||||||
| PVR GAS RESOURCES, LLC | ||||||
| PVR XXXXXX I, LLC | ||||||
| PVR HAMLIN II, LLC | ||||||
| PVR XXXXXX, X.X. | ||||||
| By: | PVR Xxxxxx I, LLC, its sole general partner | |||||
| PVR HYDROCARBONS LLC | ||||||
| PVR XXXXXXX GAS PROCESSING LLC | ||||||
| PVR MIDSTREAM LLC | ||||||
| PVR NATURAL GAS GATHERING LLC | ||||||
| PVR OKLAHOMA NATURAL GAS GATHERING LLC | ||||||
| SUNCREST RESOURCES LLC | ||||||
| XXXXX FORK LLC | ||||||
| WISE LLC | ||||||
| By: | /s/ Xxxxx X. Xxxx | (SEAL) | ||||
| Name: | Xxxxx X. Xxxx | |||||
| Title: | Vice President | |||||
[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
| LENDERS | ||
| BNP PARIBAS, individually and as Managing Agent | ||
| By: | /s/ Xxxx X. Xxx | |
| Name: | Xxxx X. Xxx | |
| Title: | Managing Director | |
| By: | /s/ Xxxxxxx Xxxx | |
| Name: | Xxxxxxx Xxxx | |
| Title: | Vice President | |
| BRANCH BANKING & TRUST COMPANY | ||
| By: | /s/ Xxxx Xxxxxxxx | |
| Name: | Xxxx Xxxxxxxx | |
| Title: | Senior Vice President | |
| COMERICA BANK | ||
| By: | /s/ Huma V. Xxxxx | |
| Name: | Huma V. Xxxxx | |
| Title: | Vice President | |
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[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
| BANK OF AMERICA, N.A. successor by merger to FLEET NATIONAL BANK, individually and as Documentation Agent | ||
| By: | /s/ Xxxx X. Xxx | |
| Name: | Xxxx X. Xxx | |
| Title: | Vice President | |
| FORTIS CAPITAL CORP. | ||
| By: | /s/ Xxxxxxx Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | Managing Director | |
| By: | /s/ Xxxxx Xxxxxx | |
| Name: | Xxxxx Xxxxxx | |
| Title: | Senior Vice President | |
| JPMORGAN CHASE BANK, N.A. | ||
| By: | /s/ Xxxx Xxxxxxxxx | |
| Name: | Xxxx Xxxxxxxxx | |
| Title: | Associate | |
| PNC BANK, NATIONAL ASSOCIATION, individually and as Agent | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Senior Vice President | |
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[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
| ROYAL BANK OF CANADA, individually and as Syndication Agent | ||
| By: | /s/ Xxx X. XxXxxxxxxxx | |
| Name: | Xxx X. XxXxxxxxxxx | |
| Title: | Authorized Signatory | |
| SOCIÉTÉ GÉNÉRALE, individually and as Managing Agent | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Director | |
| AMEGY BANK NATIONAL ASSOCIATION (formerly Southwest Bank of Texas, N.A.) | ||
| By: | /s/ W. Xxxxx Xxxxxxx | |
| Name: | W. Xxxxx Xxxxxxx | |
| Title: | Senior Vice President | |
| SUNTRUST BANK, individually and as Documentation Agent | ||
| By: | /s/ Xxxxxx Imalizia | |
| Name: | Xxxxxx Imalizia | |
| Title: | Vice President | |
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[SIGNATURE PAGE TO PENN VIRGINIA OPERATING CO., LLC
FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]
| WACHOVIA BANK, NATIONAL ASSOCIATION, individually and as Documentation Agent | ||
| By: | /s/ Xxxxxxxx X. Xxxxxxxxxx | |
| Name: | Xxxxxxxx X. Xxxxxxxxxx | |
| Title: | Senior Vice President | |
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SCHEDULE 1.1(B)
Commitments of Lenders and Addresses for Notices to Lenders
Part 1 - Commitments of Lenders and Addresses for Notices to Lenders
| Lender |
Amount of Commitment for Revolving Credit Loans |
Ratable Share | ||||||
| Name: | Amegy Bank National Association | $ | 12,000,000 | 2.666666667 | % | |||
| Address: | Xxxxx 000 | |||||||
| 0000 Xxxx Xxx Xxxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | W. Xxxxx Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxx@xxxxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | Suite 404 | |||||||
| 0000 Xxxx Xxx Xxxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxx Xxxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxx.xxxxxxxx@xxxxxxxx.xxx | |||||||
| Name: | Bank of America | $ | 45,000,000 | 10.000000000 | % | |||
| Address: | IL-231-10-35 | |||||||
| 000 X Xx Xxxxx Xxxxxx | ||||||||
| Xxxxxxx, XX 00000 | ||||||||
| Attn: Xxxx Xxx | ||||||||
| 000-000-0000 | ||||||||
| 000-000-0000 (fax) | ||||||||
| xxxx.x.xxx@xxxxxxxxxxxxx.xxx | ||||||||
| Administrative Contact | ||||||||
| Address: | MA5-100-10-01 | |||||||
| 000 Xxxxxxx Xxxxxx | ||||||||
| Xxxxxx, Xxxxxxxxxxxxx 00000 | ||||||||
| Attention: | Xxxxxx Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxx.x.xxxxxxx@xxxxxxxxxxxxx.xxx | |||||||
| Lender |
Amount of Commitment for Revolving Credit Loans |
Ratable Share | ||||||
| Name: | BNP Paribas | $ | 42,000,000 | 9.333333333 | % | |||
| Address: | Xxxxx 0000 | |||||||
| 0000 Xxxxx Xxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxx Xxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Loan Operations | ||||||||
| Address: | 000 Xxxxx Xxxxxx | |||||||
| Xxx Xxxx, Xxx Xxxx 00000 | ||||||||
| Primary Contact: | ||||||||
| Attention: | Xxxxx Xxxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx.xxxxxxxx@xxxxxxxx.xxxxxxxxxx.xxx | |||||||
| Secondary Contact: | ||||||||
| Attention: | Xxxxxx Xxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxx.xxxxxx@xxxxxxxx.xxxxxxxxxx.xxx | |||||||
| Name: | Branch Banking and Trust Company | $ | 30,000,000 | 6.666666667 | % | |||
| Address: | 000 Xxxxxxx Xxxx | |||||||
| Xxxxxxxx, Xxxxxxxx 00000 | ||||||||
| Attention: | Xxxx Xxxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxxx@xxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | 000 Xxxxxxx Xxxx | |||||||
| Xxxxxxxx, Xxxxxxxx 00000 | ||||||||
| Attention: | Xxxxxxx Xxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx@xxxxxx.xxx | |||||||
| Name: | Comerica Bank | $ | 24,000,000 | 5.333333333 | % | |||
| Address: | 000 Xxxxxxxxx, Xxxxx 000 | |||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxx Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxx@xxxxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | 00000 Xxx Xxxx Xxxx | |||||||
| Xxxxxxx, Xxxxxxxx 00000 | ||||||||
| Attention: | Xxxx X. Xxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| xxxx_x_xxxxxx@xxxxxxxx.xxx | ||||||||
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| Lender |
Amount of Commitment for Revolving Credit Loans |
Ratable Share | ||||||
| Name: | Fortis Capital Corp. | $ | 30,000,000 | 6.666666667 | % | |||
| Address: | Xxxxx 0000 | |||||||
| 00000 Xxxxx Xxxxxx Xxxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxxx Xxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx.xxxxxx@xxxxxxxxxxxxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | ______________________ | |||||||
| ______________________ | ||||||||
| Attention: | Xxxxxx Xxxx-Xxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxx.xxxx-xxxxxx@xxxxxxxxxxxxx.xxx | |||||||
| Name | XX Xxxxxx Chase Bank, N.A. | $ | 32,500,000 | 7.222222222 | % | |||
| Address: | Mail Stop: TX2-4375 | |||||||
| 000 Xxxxxx Xxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxxxx Xxxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxx_xxxxxxxx@xxxxxxx.xxx | |||||||
| Loan Operations | ||||||||
| Address: | Suite IL1-0010 | |||||||
| 000 X. Xxxxxxxx - 0xx Xxxxx | ||||||||
| Xxxxxxx, Xxxxxxxx 00000 | ||||||||
| Attention: | Xxxxxx Xxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxx_xxxxx@xxxxxxx.xxx | |||||||
| Name: | PNC Bank, National Association | $ | 49,500,000 | 11.000000000 | % | |||
| Address: | One PNC Plaza | |||||||
| 000 Xxxxx Xxxxxx | ||||||||
| Xxxxxxxxxx, Xxxxxxxxxxxx 00000 | ||||||||
| Attention: | Xxxxxxx X. Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Administrative Contact | ||||||||
| Address: | Xxxxxxxxx Xxxxxx, 0xx Xxxxx | |||||||
| 000 Xxxxx Xxxxxx | ||||||||
| Xxxxxxxxxx, Xxxxxxxxxxxx 00000 | ||||||||
| Attention: | Xxxx Xxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxx.xxxxx@xxxxxxx.xxx | |||||||
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| Lender |
Amount of Commitment for Revolving Credit Loans |
Ratable Share | ||||||
| Name: | Royal Bank of Canada | $ | 49,500,000 | 11.000000000 | % | |||
| Address: | 5700 Xxxxxxxx Tower | |||||||
| 0000 Xxxx Xxx Xxxxxxxxx | ||||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxxx Xxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx.xxxx@xxxxx.xxx | |||||||
| Operations | ||||||||
| Address: | Xxx Xxxxxxx Xxxxx, 0xx Xxxxx | |||||||
| Xxx Xxxx, Xxx Xxxx 00000 | ||||||||
| Attention: | Xxxxxxx Xxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxx.xxxxx@xxxxx.xxx | |||||||
| Name: | Société Générale | $ | 42,000,000 | 9.333333333 | % | |||
| Address: | 0000 Xxxxx, Xxxxx 0000 | |||||||
| Xxxxxxx, Xxxxx 00000 | ||||||||
| Attention: | Xxxxx Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx.xxxxxxx@xxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | 000 Xxxxxxxxx Xxxxxx | |||||||
| Xxx Xxxx, Xxx Xxxx 00000 | ||||||||
| Attention: | Xxxxx Xxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxx.xxx@xxxxx.xxx | |||||||
| Name: | SunTrust Bank | $ | 45,000,000 | 10.000000000 | % | |||
| Address: | 10th Floor; Mail Code: 1929 | |||||||
| 000 Xxxxxxxxx Xxxxxx | ||||||||
| Xxxxxxx, Xxxxxxx 00000 | ||||||||
| Attention: | Xxx XxXxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxx.xxxxxxxx@xxxxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | 10th Floor; Mail Code: 1929 | |||||||
| 000 Xxxxxxxxx Xxxxxx | ||||||||
| Xxxxxxx, Xxxxxxx 00000 | ||||||||
| Attention: | Xxxx Xxxxx Xxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxxx.xxxxxxx@xxxxxxxx.xxx | |||||||
16
| Lender |
Amount of Commitment for Revolving Credit Loans |
Ratable Share | ||||||
| Name: | Wachovia Bank, N.A. | $ | 48,500,000 | 10.777777778 | % | |||
| Address: | Mailcode: VA7440 | |||||||
| 000 X. Xxxxxxxxx Xxxxxx | ||||||||
| Xxxxxxx, Xxxxxxxx 00000 | ||||||||
| Attention: | Xxxxxxxx X. Xxxxxxxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxx.xxxxxxxxxx@xxxxxxxx.xxx | |||||||
| Administrative Contact | ||||||||
| Address: | Mailcode: NC1183 | |||||||
| 000 X. Xxxxxxx Xxxxxx | ||||||||
| Xxxxxxxxx, XX 00000-0000 | ||||||||
| Attention: | Xxxxxxxx Xxxxx | |||||||
| Telephone: | (000) 000-0000 | |||||||
| Telecopy: | (000) 000-0000 | |||||||
| Email: | xxxxxxxx.xxxxx@xxxxxxxx.xxx | |||||||
| TOTAL | $ | 450,000,000 | 100% | |||||
17
SCHEDULE 1.1(B)
COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
Part 2 - Addresses for Notices to Borrower and Guarantors:
AGENT:
| Name | PNC BANK, NATIONAL ASSOCIATION | |
| Address: | X0-XXXX-00-0 | |
| Xxx XXX Xxxxx - 0xx Xxxxx | ||
| 000 Xxxxx Xxxxxx | ||
| Xxxxxxxxxx, Xxxxxxxxxxxx 00000-0000 | ||
| Attention: | Xxxxxxx X. Xxxxxxx | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 |
| BORROWER: | ||
| Name | PENN VIRGINIA OPERATING CO., LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| GUARANTORS: | ||
| Name | CONNECT ENERGY SERVICES, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
18
| Name | CONNECT GAS GATHERING, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | CONNECT NGL PIPELINES, LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | FIELDCREST RESOURCES LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | K RAIL LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
19
| Name | LOADOUT LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PENN VIRGINIA RESOURCE PARTNERS, L.P. | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR CHEROKEE GAS PROCESSING, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR EAST TEXAS GAS PROCESSING, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
20
| Name | PVR GAS PIPELINE, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR GAS PROCESSING LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR GAS RESOURCES, LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR XXXXXX I, LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
21
| Name | PVR HAMLIN II, LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR XXXXXX, X.X. | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR HYDROCARBONS LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR XXXXXXX GAS PROCESSING LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
22
| Name | PVR MIDSTREAM LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR NATURAL GAS GATHERING LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | PVR OKLAHOMA NATURAL GAS GATHERING LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | SUNCREST RESOURCES LLC | |
| Address: | Three Radnor Corporate Center - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President and Chief Financial Officer | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
23
| Name | XXXXX FORK LLC | |
| Address: | Three Radnor Corporate Center – Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
| Name | WISE LLC | |
| Address: | Three Xxxxxx Xxxxxxxxx Xxxxxx - Xxxxx 000 | |
| 000 Xxxxxxxxxx Xxxx | ||
| Xxxxxx, Xxxxxxxxxxxx 00000 | ||
| Attention: | Xxxxx X. Xxxx, Vice President | |
| Telephone: | (000) 000-0000 | |
| Telecopy: | (000) 000-0000 | |
| Email: | xxxxx.xxxx@xxxxxxxxxxxx.xxx | |
24
Exhibit A
TO FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
FIRST AMENDMENT TO GUARANTEE AGREEMENT
This First Amendment to Guarantee Agreement (the “Amendment”) dated as of September 7, 2007, is made and given by EACH OF THE SIGNATORIES HERETO (together with any other entity that may become a party hereto as provided herein, the “Guarantors”), in favor of PNC BANK, NATIONAL ASSOCIATION, as Agent (in such capacity, the “Agent”) for the banks and other financial institutions or entities (the “Lenders”) from time to time parties to the Credit Agreement, dated as of March 3, 2005 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Penn Virginia Operating Co., LLC (the “Borrower”), the Lenders and the Agent.
W I T N E S S E T H:
WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the conditions set forth therein;
WHEREAS, the Borrower is a member of an affiliated group of companies that includes each other Guarantor;
WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in part to enable the Borrower to make valuable transfers to one or more of the other Guarantors in connection with the operation of their respective businesses;
WHEREAS, certain of the Lenders or their Affiliates may enter into Lender-Provided Interest Rate Xxxxxx and Lender-Provided Commodity Xxxxxx with the Borrower;
WHEREAS, the Borrower and the other Guarantors are engaged in related businesses, and each Guarantor will derive substantial direct and indirect benefit from the extensions of credit under the Credit Agreement and from the Lender-Provided Interest Rate Xxxxxx and the Lender-Provided Commodity Xxxxxx; and
WHEREAS, to induce Bank to enter into that certain Fourth Amendment to Amended and Restated Credit Agreement dated of even dated herewith (the “Fourth Amendment to Amended and Restated Credit Agreement”), each Guarantor has agreed to reconfirm that his unconditional guarantee under the Guarantee Agreement dated as of March 3, 2005, (as may be amended, restated, modified or supplemented, the “Guaranty”) shall continue in full force and effect subsequent to Fourth Amendment to Amended and Restated Credit Agreement and the transactions contemplated therein and shall inure to the benefit of the Agent and the Lenders;
WHEREAS, in addition to the foregoing, certain of the covenants contained in the Guarantee are being amended and restated by the terms of this Amendment, all as more specifically provided herein.
NOW, THEREFORE, in consideration of the premises, and intending to be legally bound, the Guarantor hereby agrees as follows:
1. Definitions. All defined terms used herein but not otherwise defined herein shall have the meanings ascribed to them or incorporated by reference in the Guaranty.
2. Reaffirmation of Guaranty. This Amendment confirms that the Guarantor has read and understands the Fourth Amendment to Amended and Restated Credit Agreement. Guarantor hereby ratifies and confirms that the Guaranty continues in full force and effect and agrees that the Guaranty shall inure to the benefit of the Agent and each of the Lenders.
3. Borrower Hedge Agreement Obligations. The definition of Borrower Hedge Agreement Obligations contained in Section 1.1 [Definitions] of the Guaranty is hereby amended and restated as follows:
“Borrower Hedge Agreement Obligations”. The collective reference to all obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in any Lender-Provided Interest Rate Hedge and Lender-Provided Commodity Hedge after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to any IRH Provider, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, any Lender-Provided Interest Rate Hedge, any Lender-Provided Commodity Hedge or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the relevant IRH Provider that are required to be paid by the Borrower pursuant to the terms of any Lender-Provided Interest Rate Hedge and Lender-Provided Commodity Hedge).
4. Counterparts. This Amendment may be executed in any number of counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
5. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE COMMONWEALTH OF PENNSYLVANIA, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.
6. Incorporation into Guaranty. This Amendment shall be incorporated into the Guaranty by this reference.
-2-
7. Full Force and Effect. Except as expressly modified by this Amendment, all of the terms, conditions, representations, warranties, and covenants of the Guaranty are true and correct and shall continue in full force and effect, including without limitation, all liens and security interests securing the Borrower’s indebtedness to the Lenders.
[SIGNATURES APPEAR ON NEXT PAGE]
-3-
[SIGNATURE PAGE TO FIRST AMENDMENT TO GUARANTEE]
IN WITNESS WHEREOF, Guarantor has duly executed and delivered this Agreement as of the date first above written and constitutes a sealed instrument.
| GUARANTORS : | ||||||||||||
| PENN VIRGINIA RESOURCE PARTNERS, L.P. | ||||||||||||
| By: | Penn Virginia Resource GP, LLC, its sole general partner | |||||||||||
| CONNECT ENERGY SERVICES, LLC CONNECT GAS GATHERING, LLC CONNECT GAS PIPELINE LLC CONNECT NGL PIPELINE, LLC FIELDCREST RESOURCES LLC K RAIL LLC LOADOUT LLC PVR CHEROKEE GAS PROCESSING LLC PVR EAST TEXAS GAS PROCESSING, LLC PVR GAS PIPELINE, LLC PVR GAS PROCESSING LLC PVR GAS RESOURCES, LLC PVR XXXXXX I, LLC PVR HAMLIN II, LLC PVR XXXXXX, X.X. |
||||||||||||
| By: | PVR Xxxxxx I, LLC, its sole general partner | |||||||||||
| PVR HYDROCARBONS LLC PVR XXXXXXX GAS PROCESSING LLC PVR MIDSTREAM LLC PVR NATURAL GAS GATHERING LLC PVR OKLAHOMA NATURAL GAS GATHERING LLC SUNCREST RESOURCES LLC XXXXX FORK LLC WISE LLC |
||||||||||||
| ATTEST | ||||||||||||
| By: | /s/ Xxxx Xxxxxxxxx | By: | /s/ Xxxxx X. Xxxx | (SEAL) | ||||||||
| Name: | Xxxx Xxxxxxxxx | Name: | Xxxxx X. Xxxx | |||||||||
| Title: | Legal Assistant | Title: | Vice President | |||||||||
[SIGNATURE PAGE TO FIRST AMENDMENT TO GUARANTEE]
| PNC BANK, NATIONAL ASSOCIATION, as Agent | ||||||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||||||
| Name: | Xxxxxxx X. Xxxxxxx | |||||||
| Title: | Senior Vice President | |||||||
