COMMITMENT INCREASE SUPPLEMENT
Exhibit 10.3
Execution Version
COMMITMENT INCREASE SUPPLEMENT
Reference is made to the Second Amended and Restated Credit Agreement, dated as of May 17, 2018 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Southern California Edison Company, a California corporation (the “Borrower”), the Lenders named therein and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.
Each Lender identified on Schedule l hereto (each, an “Increasing Lender”) and the Borrower agree as follows:
Each Increasing Lender (a) represents and warrants that it is legally authorized to enter into this Commitment Increase Supplement; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 6.1 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Commitment Increase Supplement; (c) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.
The effective date of this Commitment Increase Supplement shall be the Effective Date of the Increased Commitment described in Schedule 1 hereto (the “Effective Date”). Following the execution of this Commitment Increase Supplement by each of the Increasing Lenders and the Borrower, it will be delivered to the Administrative Agent for acceptance and recording by it pursuant to the Credit Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than two Business Days after the date of such acceptance and recording by the Administrative Agent).
Upon such acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of each Increased Commitment (including payments of principal, interest, fees and other amounts) to the applicable Increasing Lender for amounts which have accrued on and subsequent to the Effective Date.
This Commitment Increase Supplement 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 Commitment Increase Supplement to be executed effective as of the date on Schedule 1 hereto by their respective duly authorized officers on Schedule 1 hereto.
Schedule 1
to Commitment Increase Supplement
Name of Increasing Lender: Bank of America, N.A.
Effective Date of Increased Commitment: April 30th, 2021
Principal | Total Amount of Commitment |
$114,000,000 | $264,100,000 |
| |
BANK OF AMERICA, N.A., as Increasing Lender | |
By: /s/Dee Xxx Xxxxxx |
Name of Increasing Lender: Credit Suisse AG, Cayman Islands Branch
Effective Date of Increased Commitment: Wednesday April 28, 2021
Principal | Total Amount of Commitment |
$118,000,000.00 | $189,333,333.33 |
| |
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Increasing Lender | |
By: /s/ Xxxxxx Xxxxx | |
By: /s/Xxxxxxx Xxxxxxxxx |
Name of Increasing Lender: Bank of Montreal, Chicago Branch
Effective Date of Increased Commitment: April 30th, 2021
Principal | Total Amount of Commitment |
$118,000,000.00 | $189,333,333.33 |
| |
BANK OF MONTREAL, CHICAGO BRANCH, as Increasing Lender | |
By: /s/Xxxxx X. Xxxx |
SOUTHERN CALIFORNIA EDISON COMPANY, as Borrower |
By: /s/Xxxxxxx Xxxxxxxx |
|
JPMORGAN CHASE BANK, N.A., |
By: /s/Xxxxx X. Xxxxxx |
|
MUFG UNION BANK, N.A., |
By: /s/Xxxx Xxxxxxxxxx |
|
Xxxxx Fargo Bank, National Association, as Issuing Lender |
By: /s/Xxxxxxx X. Xxxxxxx |
|
BARCLAYS BANK PLC, as Issuing Lender |
By: /s/Sydney X. Xxxxxx |
|
MIZUHO BANK, LTD., as Issuing Lender |
By: /s/Xxxxxx Xxxxx |
|
Bank of America, N.A., as Issuing Lender |
By: /s/Dee Xxx Xxxxxx |
