EXHIBIT 3.03C-2
FORM OF COMPETITIVE BID
(Fixed Rate Competitive Advance)
[Date]{1}
Citibank, N.A., as Administrative Agent, for the Lenders party to the Credit
Agreement referred to below
000 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: ____________________
Ladies & Gentlemen:
The undersigned, [NAME OF LENDER], refers to the Credit Agreement,
dated as of , 1996 (the 'CREDIT AGREEMENT'),
among Northeast Utilities, The Connecticut Power & Light Company and Western
Massachusetts Electric Company, the Banks and Agents named therein, and
Citibank, N.A., as Administrative Agent. Capitalized terms used herein and
not otherwise defined herein shall have the meanings assigned to such terms in
the Credit Agreement. The undersigned hereby makes a Competitive Bid pursuant
to Section 3.03(b)(ii) of the Credit Agreement, in response to the Competitive
Bid Request made by the [NAME OF BORROWER] (the 'BORROWER') on _________, 19 ,
and in that connection sets forth below the terms on which such Competitive Bid
is made:
(A) Principal Amount of
Fixed Rate Competitive
Advance {2} ___________________
(B) Competitive Margin [+/- %]
(C) Interest Period for
Fixed Rate Competitive Advance
and last day thereof ___________________
The undersigned hereby confirms that it is prepared to extend credit to
the Borrower upon acceptance by the Borrower of this bid in accordance with
Section 3.04 of the Credit Agreement.
Very truly yours,
[NAME OF XXXXXX]
By_________________________
Title:
''FOOTNOTES''
{1} To be received by the Administrative Agent not later than 9:30 a.m. (New
York City time) on the day of a proposed Competitive Borrowing to consist of
Eurodollar Competitive Advances.
{2} Not less than $10,000,000 and in an integral multiple of $1,000,000 in
excess thereof. Multiple bids will be accepted by the Administrative Agent.
