January 16, 1998
NationsBank, N.A.
One NationsBank Plaza, 13th Floor
000 Xxxxxx Xxxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Gentlemen:
In order to help finance our construction through January 31, 1999, and
to provide funds for general corporate purposes, we are asking you to make
available to us until January 31, 1999, bank credit in the amount of
$10,000,000.00.
Notes issued under this agreement shall mature not more than ninety
(90) days from date. Notes maturing after January 31, 1999, may be renewed
in whole or in part provided no note shall mature later than June 30, 1999.
The notes shall bear interest at your lowest rate extended to the most
credit-worthy commercial and industrial borrowers for ninety (90) day
maturities effective at the time of each borrowing or renewal. Interest
shall be payable at maturity or on the date of any prepayment. Notes issued
under this agreement may be prepaid at any time without penalty.
It is understood that any loans obtained by any subsidiary of Laclede
Gas Company whether or not they are guaranteed by Laclede Gas Company are
excluded from this agreement and shall not be charged against the credit
stated above.
Nothing in this letter is intended to alter the arrangements set forth
in the agreement dated August 13, 1997, or the availability of up to
$20,000,000.00 of advances thereunder from NationsBank, N.A. on the terms
set forth in said August 13, 1997 agreement.
If the foregoing is acceptable to you, will you kindly sign in the
space indicated below, and this shall then constitute an agreement between
us.
Yours very truly,
LACLEDE GAS COMPANY
By s/Xxxxxx X. Xxxxxxxx
Treasurer & Asst. Secretary
NATIONSBANK, N.A.
By s/Xxxxxx X. Xxxxxx
RLK/dkk
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