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Exhibit 10 (xlvii)
July 29, 1997
EXTENSION AGREEMENT
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The North American Coal Corporation
00000 Xxxxxxx Xxxx
Xxxxx 0000
Xxxxxx, Xxxxx 00000
Xxxxxx Guaranty Trust Company
of New York, as Agent
under the Credit Agreement
referred to below
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Gentlemen:
The undersigned hereby agree to extend, effective September 27, 1997,
the Termination Date under the Credit Agreement dated as of September 27, 1991
among The North American Coal Corporation, the Banks listed therein and Xxxxxx
Guaranty Trust Company of New York, as Agent (the "Credit Agreement") for one
year to September 27, 2002. Terms defined in the Credit Agreement are used
herein as therein defined.
This Extension Agreement shall be construed in accordance with the
governed by the law of the State of New York.
XXXXXX GUARANTY TRUST COMPANY
OF NEW YORK
By: /s/ Xxxxxxxx X. Xxxxx
------------------------------------------
Title: Vice President
CITIBANK
By: /s/ Xxxxxxx Xxxxxxxxx
------------------------------------------
Title: Vice President
2
TEXAS COMMERCE BANK
NATIONAL ASSOCIATION
By: /s/ Xxxxx Xxxx
-------------------------------------------
Title: Vice President
KEY BANK NATIONAL ASSOCIATION
By: /s/ Xxxxxxxx Xxxx
-----------------------------------------
Title: Vice President
Agreed and accepted:
THE NORTH AMERICAN COAL
CORPORATION
By: /s/ K. Xxxxxx Xxxxxxxx
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Title: Controller and Treasurer
XXXXXX GUARANTY TRUST COMPANY
OF NEW YORK, as Agent
By: /s/ Xxxxxxxx X. Xxxxx
-----------------------------------------------------
Title: Vice President
