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Exhibit 10CK
AMENDED AND RESTATED
364-DAY CREDIT AGREEMENT
Dated as of March 10, 1999
THIS AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT (this
"Amendment and Restatement") among COLUMBIA ENERGY GROUP, a Delaware corporation
(the "Borrower"), the banks, financial institutions and other institutional
lenders parties to the Credit Agreement referred to below (collectively, the
"Lenders"), and XXXXXXX XXXXX XXXXXX INC., as arranger and book manager
("Arranger and Book Manager"), and CITIBANK, N.A. ("Citibank"), as
administrative and syndication agent (the "Agent") for the Lenders, evidences
the agreement of the parties as follows:
PRELIMINARY STATEMENTS:
(1) The Borrower, the Lenders and the Agent have entered into
a 364-Day Credit Agreement originally dated as of March 11, 1998 (the "Credit
Agreement"). Capitalized terms not otherwise defined in this Amendment and
Restatement have the same meanings as specified in the Credit Agreement.
(2) The Borrower and the Lenders have agreed to amend the
Credit Agreement as hereinafter set forth and to restate the Credit Agreement in
its entirety to read as set forth in the Credit Agreement with the amendments
specified below.
SECTION 1. Amendments to Credit Agreement. The Credit
Agreement shall be effective as of the date hereof and, subject to the
satisfaction of the conditions precedent set forth in Section 3.02, is hereby
amended as follows:
(a) The following definitions appearing in Section 1.01 are
amended in full to read as follows:
"Arranger and Book Manager" means Xxxxxxx Xxxxx
Barney Inc., as arranger of the syndicate of Lenders
hereunder.
"Critical Third Parties" shall have the meaning
specified in Section 4.01(m).
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"Information Memorandum" means the information
memorandum dated February 1999 used by the Arranger and Book
Manager in connection with the syndication of the Revolving
Credit Commitments.
"Termination Date" means the earlier of (a) March 8,
2000 or, if extended pursuant to Section 2.16(a), the date
that is 364 days after the Termination Date then in effect,
and (b) the date of termination in whole of the Revolving
Credit Commitments pursuant to Section 2.03 or 6.01.
"Year 2000 Problem" and "Year 2000 Compliant" shall
have the meanings specified in Section 4.01(m).
(b) The chart contained in the definition of
"Applicable Margin" in Section 1.01 is amended to read in full as set
forth on Exhibit A hereto.
(c) Section 2.07 is amended by adding a new Section
2.07(e) which reads as follows:
"(e) Utilization Fee. With respect to every day on
which the sum of all outstanding Advances is greater than 25%
of the aggregate amount of the Revolving Credit Commitments,
the Borrower agrees to pay to the Agent for the account of
each Lender a utilization fee based on the daily aggregate
amount of such Lender's Revolving Credit Commitment,
calculated on a daily basis and payable quarterly in arrears
at a rate per annum equal at all times to either (i) the lower
percentage set forth in Column 6 of Exhibit A hereto during
such periods as the sum of all outstanding Advances is greater
than 25% but not more than 75% of the aggregate amount of the
Revolving Credit Commitments, or (ii) the higher percentage
set forth in Column 6 of Exhibit A hereto during such periods
as the sum of all outstanding Advances is greater than 75% of
the aggregate amount of the Revolving Credit Commitments."
(d) Section 2.12 is amended to delete the word "facility" in
each place in which said word appears therein.
(e) Section 3.01(a) is amended by deleting the reference to
"December 31, 1996" and substituting "December 31, 1997" therefor.
(f) Section 4.01(e) is amended by deleting the reference to
"December 31, 1996" in each place in which it appears and substituting
"December 31, 1997" therefor, and deleting the reference to "September
30, 1997" in each place in which it appears and substituting "September
30, 1998" therefor.
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(g) Section 4.01 is amended by adding Section 4.01(m) which
reads as follows:
"(m) The Borrower has (i) initiated a review and
assessment of all areas within its and each of its
Subsidiaries' business and operations (including those
affected by suppliers, vendors and customers that, in each
case, are material to the business and operations of the
Borrower and its Subsidiaries taken as a whole ("Critical
Third Parties")) that could be adversely affected by the
inability of computer applications used by the Borrower or any
of its Subsidiaries (or Critical Third Parties) to recognize
and perform properly date-sensitive functions involving dates
on or after January 1, 2000 (the "Year 2000 Problem"), (ii)
developed a plan and timetable for addressing the Year 2000
Problem on a timely basis and (iii) to date, implemented that
plan in accordance with such timetable. Based on the
foregoing, the Borrower believes that all computer
applications used by the Borrower or any of its Subsidiaries
that are material to the business and operations of the
Borrower and its Subsidiaries taken as a whole are reasonably
expected on a timely basis to be able to perform properly
date-sensitive functions for all dates on or after January 1,
2000 ("Year 2000 Compliant"), except to the extent that a
failure to do so could not reasonably be expected to have a
Material Adverse Effect."
(h) Section 5.01(i) is amended by deleting the word "and"
following Section 5.01 (i)(xi), adding a new Section 5.01(i)(xii) which
reads as set forth below, and re-designating Section 5.01(i)(xii) as
Section 5.01(i)(xiii):
"(xii) promptly after the Borrower's discovery or
determination thereof, notice (in reasonable detail) that any
computer application (including those of Critical Third
Parties) that is material to the business and operations of
the Borrower and its Subsidiaries taken as a whole will not be
Year 2000 Compliant, except to the extent that such failure
could not reasonably be expected to have a Material Adverse
Effect."
(i) The Commitments are amended to read in full as set forth
on Schedule I hereto.
SECTION 2. Conditions of Effectiveness. This Amendment and
Restatement shall become effective as of the date first above written when, and
only when, the Agent shall have received counterparts of this Amendment and
Restatement executed by the Borrower and all of the Lenders that have a
Commitment greater than $0 on Schedule I or, as to any of the Lenders, advice
satisfactory to the Agent that such Lender has executed this Amendment and
Restatement and when the Agent shall have additionally received all of the
following documents, each such document (unless otherwise specified) dated the
date of receipt thereof
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by the Agent (unless otherwise specified) and (except for the Revolving Credit
Notes) in sufficient copies for each Lender, in form and substance satisfactory
to the Agent (unless otherwise specified):
(a) The new Revolving Credit Notes issued in connection with
this Amendment and Restatement to the order of each of the Lenders
which has a Commitment in a different amount from that with respect to
the Credit Agreement.
(b) Certified copies of (i) the resolutions of the Board of
Directors of the Borrower approving (or authorizing the transactions
encompassed by) this Amendment and Restatement and (ii) all documents
evidencing other necessary corporate action and governmental approvals,
if any, with respect to this Amendment and Restatement.
(c) A certificate of the Secretary or an Assistant Secretary
of the Borrower certifying the names and true signatures of the
officers of the Borrower authorized to sign this Amendment and
Restatement and the other documents to be delivered hereunder.
(d) A favorable opinion of LeBoeuf, Lamb, Xxxxxx & XxxXxx,
L.L.P., counsel for the Borrower, in substantially the form of Exhibit
B hereto.
(e) A favorable opinion of Shearman & Sterling, counsel for
the Agent, in form and substance satisfactory to the Agent.
(f) A certificate signed by a duly authorized officer of the
Borrower stating that:
(i) The representations and warranties contained in
Section 4.01 of the Credit Agreement and in Section 3 hereof
are correct on and as of the date of such certificate as
though made on and as of such date; and
(ii) No event has occurred and is continuing that
constitutes a Default.
SECTION 3. Representations and Warranties of the Borrower. The
Borrower represents and warrants as follows:
(a) The execution, delivery and performance by the Borrower of
this Amendment and Restatement are within the Borrower's corporate
powers, have been duly authorized by all necessary corporate action and
do not contravene (i) the Borrower's charter or by-laws or (ii) any law
or any contractual restriction binding on
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or affecting the Borrower, except where such contravention would not be
reasonably likely to have a Material Adverse Effect.
(b) No authorization or approval or other action by, and no
notice to or filing with, any governmental authority or regulatory body
or any other third party is required for the due execution, delivery or
performance by the Borrower of this Amendment and Restatement, except
where the Borrower's failure to receive, take or make such
authorization, approval, action, notice or filing would not have a
Material Adverse Effect.
(c) This Amendment and Restatement has been duly executed and
delivered by the Borrower. This Amendment and Restatement is a legal,
valid and binding obligation of the Borrower, enforceable against the
Borrower in accordance with its terms, subject to applicable
bankruptcy, reorganization, insolvency, moratorium or similar laws
affecting creditors' rights generally and general principles of equity.
SECTION 4. Reference to and Effect on the Credit Agreement.
(a) On and after the effectiveness of this Amendment and Restatement, each
reference in the Credit Agreement to "this Agreement", "hereunder", "hereof" or
words of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement, as amended and restated by this Amendment and
Restatement; provided, however, that the word "hereafter" appearing in the
definition of "Material Subsidiaries" in Section 1.01 shall refer to the period
after March 11, 1998. Each Lender on Schedule I with a Commitment of "$0" shall
cease to be a party to the Credit Agreement.
(b) The Credit Agreement, as specifically amended and restated
by this Amendment and Restatement, is and shall continue to be in full force and
effect and is hereby in all respects ratified and confirmed.
(c) The execution, delivery and effectiveness of this
Amendment and Restatement shall not, except as expressly provided herein,
operate as a waiver of any right, power or remedy of any Lender or the Agent
under the Credit Agreement, nor constitute a waiver of any provision of the
Credit Agreement.
SECTION 5. Costs, Expenses, Etc. The Borrower agrees to pay on
demand all costs and expenses of the Agent in connection with the preparation,
execution, delivery and administration, modification and amendment of this
Amendment and Restatement and the other instruments and documents to be
delivered hereunder (including, without limitation, the reasonable fees and
expenses of counsel for the Agent) in accordance with the terms of Section 8.04
of the Credit Agreement. The Agent agrees to request as promptly as practicable
from (a) Lenders whose Revolving Credit Notes are being replaced pursuant to
this
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Amendment and Restatement as of the date hereof, and (b) Lenders who shall have
ceased to be parties to the Credit Agreement as of the date hereof, the return
of their old Revolving Credit Notes. The Agent agrees to release any new
Revolving Credit Note payable to a Lender only upon the return of the old
Revolving Credit Note payable to such Lender.
SECTION 6. Execution in Counterparts. This Amendment and
Restatement may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed shall be
deemed to be an original and all of which taken together shall constitute but
one and the same agreement. Delivery of an executed counterpart of a signature
page to this Amendment and Restatement by telecopier shall be effective as
delivery of a manually executed counterpart of this Amendment and Restatement.
SECTION 7. Governing Law. This Amendment and Restatement shall
be governed by, and construed in accordance with, the laws of the State of New
York.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment and Restatement to be executed by their respective officers thereunto
duly authorized, as of the date first above written.
COLUMBIA ENERGY GROUP
By
------------------------------------
Title:
XXXXXXX XXXXX XXXXXX INC.,
as Arranger and Book Manager
By
------------------------------------
Title:
CITIBANK, N.A.,
as Administrative and Syndication Agent
By
------------------------------------
Title:
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Lenders
CITIBANK, N.A.
By
------------------------------------
Name:
Title:
THE CHASE MANHATTAN BANK
By
------------------------------------
Name:
Title:
PNC BANK, NATIONAL
ASSOCIATION
By
------------------------------------
Name:
Title:
CANADIAN IMPERIAL BANK OF
COMMERCE
By
------------------------------------
Name:
Title:
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BANK OF MONTREAL
By
------------------------------------
Name:
Title:
FIRST UNION NATIONAL BANK
By
------------------------------------
Name:
Title:
THE BANK OF NOVA SCOTIA
By
------------------------------------
Name:
Title:
THE FIRST NATIONAL BANK OF
CHICAGO
By
------------------------------------
Name:
Title:
BANKERS TRUST COMPANY
By
------------------------------------
Name:
Title:
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CRESTAR BANK
By
------------------------------------
Name:
Title:
THE FIRST NATIONAL BANK OF
MARYLAND, A DIVISION OF FMB
BANK
By
------------------------------------
Name:
Title:
NATIONAL CITY BANK
By
------------------------------------
Name:
Title:
COMMERZBANK AG,
NEW YORK BRANCH
By
------------------------------------
Name:
Title:
By
------------------------------------
Name:
Title:
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BANK OF TOKYO-MITSUBISHI
TRUST COMPANY
By
------------------------------------
Name:
Title:
UNION BANK OF CALIFORNIA
By
------------------------------------
Name:
Title:
ARAB BANK, PLC
By
------------------------------------
Name:
Title:
BANCA MONTE DEI PASCHI DI
SIENA S.p.A.
By
------------------------------------
Name:
Title:
By
------------------------------------
Name:
Title:
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BANK OF AMERICA N.T. & S.A.
By
------------------------------------
Name:
Title:
SOCIETE GENERALE
By
------------------------------------
Name:
Title:
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SCHEDULE I
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NAME OF INITIAL LENDER DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE AMOUNT OF COMMITMENT
-----------------------------------------------------------------------------------------------------------------------------------
Citibank, N.A. 0 Xxxx'x Xxx, Xxxxx 000 0 Xxxx'x Xxx, Xxxxx 000 $50,000,000
Xxx Xxxxxx, XX, 00000 Xxx Xxxxxx, XX, 00000
Xxxxxxx Xxxxxxxx Xxxxxxx Xxxxxxxx
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
The Chase Xxxxxxxxx Xxxx 0 Xxxxx Xxxxxxxxx Xxxxx- 0 Chase Manhattan Plaza- 8th $50,000,000
0xx Xxxxx Xxxxx
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxxxxxx Xxxx Xxxxxxx Xxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
PNC Bank, National Association 000 Xxxxx Xxx., 0xx Xx. 000 Xxxxx Xxx., 0xx Xx. $40,000,000
Xxxxxxxxxx, XX 00000 Xxxxxxxxxx, XX 00000
Xxxx Xxxxxx Xxxx Xxxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Canadian Imperial Bank of Two Paces West, Suite 1200 Two Paces West, Suite 1200 $38,000,000
Commerce 0000 Xxxxx Xxxxx Xxxx, XX 0000 Xxxxx Xxxxx Xxxx, XX
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
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Bank of Montreal 000 Xxxxx XxXxxxx Xx., 00xx Xx. 000 Xxxxx XxXxxxx Xx., 00xx Xx. $33,333,333
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
Client Services Client Services
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
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NAME OF INITIAL LENDER DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE AMOUNT OF COMMITMENT
-----------------------------------------------------------------------------------------------------------------------------------
First Union National Bank One First Union Center 301 One First Union Center 301 $33,333,333
Xxxxx Xxxxxxx Xxxxxx Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000 Xxxxxxxxx, XX 00000
Xxxx Xxxxxxx Xxxx Xxxxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
The Bank of Nova Scotia 000 Xxxxxxxxx Xxxxxx XX, Xxxxx 0000 000 Xxxxxxxxx Xxxxxx XX, $30,000,000
Xxxxxxx, XX 00000 Suite 0000
Xxxxx Xxxxxx Xxxxxxx, XX 00000
Tel: 000-000-0000 Xxxxx Xxxxxx
Telex: 00542319 Tel: 000-000-0000
Fax: 000-000-0000 Telex: 00542319
Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
The First National Bank of One First National Plaza, Suite 0363 One First National Plaza, $25,000,000
Chicago Xxxxxxx, XX 00000 Suite 0000
Xxxxxxx Xxxxx Xxxxxxx, XX 00000
Tel: 000-000-0000 Xxxxxxx Xxxxx
Fax: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000
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Bankers Trust Company 000 Xxxxxxx Xxxxxx, 00xx Xxxxx 000 Xxxxxxx Xxxxxx, 00xx Xxxxx $25,000,000
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxx Xxxxxx Xxx Xxxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
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NAME OF INITIAL LENDER DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE AMOUNT OF COMMITMENT
-----------------------------------------------------------------------------------------------------------------------------------
Crestar Bank 0000 Xxx Xxxx Xxx., XX 0xx Xx. 0000 Xxx Xxxx Xxx., XX 0xx Xx. $17,000,000
Xxxxxxxxxx, X.X. 00000 Xxxxxxxxxx, X.X. 00000
Xxxxx Xxxxxxx Xxxxx Xxxxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
The First National Bank of 000 00xx Xx., X.X., Xxxxx 0000 North 000 00xx Xx., X.X., Xxxxx 0000 $16,666,667
Maryland, a division of FMB Washington, D.C. North
Bank Xxxxx Xxxxxx Washington, D.C.
Tel: 000-000-0000 Xxxxx Xxxxxx
Fax: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000
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National City Bank 000 Xxxx Xxxxx Xxxxxx 000 Xxxx Xxxxx Xxxxxx $16,666,667
Xxxxxxxx, XX 00000-0000 Xxxxxxxx, XX 00000-0000
Xxxxxxx Xxxxxx, V.P. Xxxxxxx Xxxxxx, V.P.
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Commerzbank AG, Two World Financial Center Two World Financial Center $15,000,000
Xxx Xxxx Xxxxxx Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxxxxxx X. Xxxxx Xxxxxxx X. Xxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
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Bank of Tokyo-Mitsubishi Trust 1251 Avenue of the Americas 1251 Avenue of the Americas $10,000,000
Company Xxx Xxxx, XX 00000-0000 Xxx Xxxx, XX 00000-0000
Xxxxxxx Xx Xxxxxxx Xx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
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NAME OF INITIAL LENDER DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE AMOUNT OF COMMITMENT
-----------------------------------------------------------------------------------------------------------------------------------
Union Bank of California Energy Capital Services Energy Capital Services $10,000,000
000 X. Xxxxxxxx Xx., 00xx Xx. 000 X. Xxxxxxxx Xx., 00xx Xx.
Xxx Xxxxxxx, XX 00000 Xxx Xxxxxxx, XX 00000
Xxxxx Xxxxxxxx, VP Xxxxx Xxxxxxxx, VP
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Arab Bank, PLC 000 Xxxxxxx Xxx. 000 Xxxxxxx Xxx. $10,000,000
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxxx Xxxxx, VP Xxxx Xxxxx, VP
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Banca Monte dei Paschi di 00 Xxxx 00xx Xxxxxx- 0xx Xx. 00 Xxxx 00xx Xxxxxx- 0xx Xx. $10,000,000
Siena S.p.A. Xxx Xxxx, XX 00000-0000 Xxx Xxxx, XX 00000-0000
Xxxxxxx Xxxxxxx V.P. Xxxxxxx Xxxxxxx V.P.
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Bank of America N.T. & S.A. 000 Xxxxxxxxx Xxxxxx 000 Xxxxxxxxx Xxxxxx $10,000,000
0xx Xxxxx 0xx Xxxxx
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
Societe Generale 0000 Xxxxxx of the Americas 1221 Avenue of the Americas $10,000,000
Xxx Xxxx, XX 00000 Xxx Xxxx, XX 00000
Xxxxxx Xxxxx Xxxxxx Xxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
-----------------------------------------------------------------------------------------------------------------------------------
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NAME OF INITIAL LENDER DOMESTIC LENDING OFFICE EURODOLLAR LENDING OFFICE AMOUNT OF COMMITMENT
-----------------------------------------------------------------------------------------------------------------------------------
Xxxxxx Guaranty Trust 00 Xxxx Xx. Xxxxxx Bahamas Office $ 0
Company of Xxx Xxxx Xxx Xxxx, XX 00000 c/o X.X. Xxxxxx Services, Inc.
Xxx Xxxxx Euro-Loan Servicing Unit
Fax: 000-000-0000 000 Xxxxxxx Xxxxxxxxxx Xxxx
Xxxxxx, XX 00000
Telex: 177425 MBDEL UT
Fax: 000-000-0000
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Credit Agricole Indosuez 000 Xxxxxx Xxxxxx, Xxxxx 0000 000 Xxxxxx Xxxxxx, Xxxxx 0000 $ 0
Xxxxxxx, XX 00000 Xxxxxxx, XX 00000
Xxxxx Xxxxxxx Xxxxx Xxxxxxx
Tel: 000-000-0000 Tel: 000-000-0000
Fax: 000-000-0000 Fax: 000-000-0000
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EXHIBIT A
===================================================================================================================================
Public Debt Rating Applicable Margin for Applicable Margin for Applicable Applicable Applicable Margin for
S&P/Xxxxx'x Base Rate Advances Eurodollar Rate Advances Margin Margin for Utilization Fee
for CD Rate Facility Fee (25%/75%)
Advances
===================================================================================================================================
Level 1 0 .13% .255% .05% .25%/.375%
AA-/AA3 or higher
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Level 2 0 .20% .325% .06% .25%/.375%
A+/A/A-/A1/A2/A3
-----------------------------------------------------------------------------------------------------------------------------------
Level 3 0 .215% .34% .085% .30%/.50%
BBB+/Baa1
-----------------------------------------------------------------------------------------------------------------------------------
Level 4 0 .26% .385% .105% .375%/.625%
BBB/Baa2
-----------------------------------------------------------------------------------------------------------------------------------
Level 5 0 .31% .45% .125% .50%/.75%
BBB-/Baa3 or lower
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EXECUTION COPY
U.S. $450,000,000
AMENDED AND RESTATED 364-DAY CREDIT AGREEMENT
Dated as of March 10, 1999
among
COLUMBIA ENERGY GROUP,
as Borrower,
and
THE LENDERS NAMED HEREIN,
as Lenders,
and
XXXXXXX XXXXX BARNEY INC.,
as Arranger and Book Manager,
and
CITIBANK, N.A.,
as Administrative and Syndication Agent,
and
THE CHASE MANHATTAN BANK AND
PNC BANK, NATIONAL ASSOCIATION,
as Documentation Agents,
and
CANADIAN IMPERIAL BANK OF COMMERCE,
BANK OF MONTREAL, FIRST UNION NATIONAL BANK
AND THE BANK OF NOVA SCOTIA,
as Senior Managing Agents,
and
THE FIRST NATIONAL BANK OF CHICAGO,
BANKERS TRUST COMPANY, CRESTAR BANK,
THE FIRST NATIONAL BANK OF MARYLAND, A DIVISION OF FMB BANK,
NATIONAL CITY BANK, COMMERZBANK AG, NEW YORK BRANCH,
BANK OF TOKYO-MITSUBISHI TRUST COMPANY AND
UNION BANK OF CALIFORNIA,
as Co-Agents
