AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.17
AMENDMENT NO. 3
TO AMENDED AND RESTATED CREDIT AGREEMENT
This Amendment No. 3 to Amended and Restated Credit Agreement (the "Amendment") dated as of December 10, 2004 is between Bank of America, N.A. (the "Bank") and Southwest Water Company, a Delaware corporation (the "Borrower").
RECITALS
A. The Bank and the Borrower entered into a certain Amended and Restated Credit Agreement dated as of July 7, 2004 (the "Agreement"), as amended by that certain Amendment No. 1 to Amended and Restated Credit Agreement dated as of October 14, 2004 ("Amendment No. 1"), and as further amended by that certain Amendment No. 2 to Amended and Restated Credit Agreement dated as of November 9, 2004 ("Amendment No. 2");
B. The Bank and the Borrower desire to further amend the Agreement.
AGREEMENT
1. Definitions. Capitalized terms used but not defined in this Amendment shall have the meaning given to them in the Agreement.
2. Amendments. The Agreement is hereby amended as follows:
2.1 The defined term "Additional Revolving Commitment Maturity Date," added to Section 1.01 of the Agreement by Amendment No. 1, is amended to read as follows:
" 'Additional Revolving Commitment Maturity Date.' The earlier to occur of September 30, 2006, or ninety (90) days following the closing of NMUI's (as hereinafter defined) placement of $12,000,000 of first mortgage bonds."
3. Representations and Warranties. When the Borrower signs this Amendment, the Borrower represents and warrants to the Bank that: (a) there is no event which is, or with notice or lapse of time or both would be, a default under the Agreement except those events, if any, that have been disclosed in writing to the Bank or waived in writing by the Bank, (b) the representations and warranties in the Agreement are true as of the date of this Amendment as if made on the date of this Amendment, and (c) this Amendment does not conflict with any law, agreement, or obligation by which the Borrower is bound.
4. Conditions. This Amendment will be effective when the Bank receives in form and content acceptable to the Bank, this Amendment, duly executed by Borrower.
5. Effect of Amendment. Except as provided in Amendment Xx. 0, Xxxxxxxxx Xx. 0 and this Amendment, all of the terms and conditions of the Agreement shall remain in full force and effect.
6. Counterparts. This Amendment may be executed in counterparts, each of which when so executed shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument.
1
This Amendment is executed as of the date stated at the beginning of this Amendment.
BANK OF AMERICA, N.A. |
SOUTHWEST WATER COMPANY |
|||
By: |
/s/ XXXXXXX XXXXXX |
By: |
/s/ XXXXXXX XXXXXXX |
|
Name: |
XXXXXXX XXXXXX |
Name: |
Approved: Xxxxxxx Xxxxxxx |
|
Title: |
Senior Vice President |
Title: |
Chief Financial Officer |
|
Address: |
Address: |
|||
Bank of America Los Angeles Strategies Group Bank of America Plaza 000 X. Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxxxxx, Xxxxxxxxxx 00000 Attn: Xxxxxxx Xxxxxx Title: Senior Vice President Facsimile: (000) 000-0000 |
One Wilshire Building 000 X. Xxxxx Xxxxxx, Xxxxx 0000 Xxx Xxxxxxx, Xxxxxxxxxx 00000 Attention: O'Xxxxxxx Xxxxxx, XX Treasurer Facsimile: (000) 000-0000 |
|||
2
AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT
