EXTENSION AGREEMENT
Exhibit 10.2
Bank of America, N.A. |
Ladies and Gentlemen:
The undersigned hereby agree to extend, effective March 27, 2024, the Termination Date under the Credit Agreement dated as of March 27, 2023 (as further amended from time to time, the “Credit Agreement”) among Consolidated Edison Company of New York, Inc., Consolidated Edison, Inc. Orange and Rockland Utilities, Inc., the Lenders party thereto and Bank of America, N.A., as Administrative Agent, for one year to March 27, 2029, and by their acceptance hereof, the Borrowers hereby confirm that the conditions set forth in Section 2.19(b)(i) and (ii) of the Credit Agreement are satisfied as to such extension. Terms defined in the Credit Agreement are used herein with the same meaning.
By executing this Extension Agreement, the undersigned Lenders (which constitute the Required Lenders under the Credit Agreement) also agree to waive the requirement in Section 2.19(a) of the Credit Agreement requiring (a) the extension contemplated herein to be requested no earlier than on or after the first anniversary of the Effective Date (such request date, the “Extension Request Date”), and (b) not less than 30 days written notice to be provided to the Administrative Agent following the Extension Request Date before the extension contemplated herein can take effect.
This Extension Agreement shall be construed in accordance with and governed by the law of the State of New York.
Agreed and accepted: | ||
CONSOLIDATED EDISON COMPANY OF | ||
NEW YORK, INC. | ||
By: | /s/ Xxxxxx Xxxxxxx |
Name: | Xxxxxx Xxxxxxx | |
Title: | Vice President and Treasurer | |
CONSOLIDATED EDISON, INC. |
By: | /s/ Xxxxxx Xxxxxxx |
Name: | Xxxxxx Xxxxxxx | |
Title: | Vice President and Treasurer | |
ORANGE AND ROCKLAND UTILITIES, | ||
INC. |
By: | /s/ Xxxxxx Xxxxxxx |
Name: | Xxxxxx Xxxxxxx | |
Title: | Vice President and Treasurer |
[Signature Page to Extension Agreement]
BANK OF AMERICA, N.A., | ||||
By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | Vice President | |||
BANK OF AMERICA, N.A., | ||||
By: | /s/ Xxxxxxxxxx X. Xxxxxxxx | |||
Name: | Xxxxxxxxxx X. Xxxxxxxx | |||
Title: | Director |
[Signature Page to Extension Agreement]
Barclays Bank PLC, as Lender | ||
By: | /s/ Xxxxxx X. Xxxxxx | |
Name: Xxxxxx X. Xxxxxx | ||
Title: Director |
[Signature Page to Extension Agreement]
Citibank, N.A., as Lender | ||
By: | /s/ Xxxxxxx Xxxxxx | |
Name: Xxxxxxx Xxxxxx | ||
Title: Vice President |
[Signature Page to Extension Agreement]
JPMorgan Chase Bank, N.A., | ||
By: | /s/ Xxxxxxx Xxxxx | |
Name: Xxxxxxx Xxxxx | ||
Title: Vice President |
[Signature Page to Extension Agreement]
Mizuho Bank, Ltd., as Lender | ||
By: | /s/ Xxxxxx Xxxxx | |
Name: Xxxxxx Xxxxx | ||
Title: Authorized Signatory |
[Signature Page to Extension Agreement]
Xxxxx Fargo Bank, National Association, | ||||
By: | /s/ Xxxxxxx Xxxxx | |||
Name: | Xxxxxxx Xxxxx | |||
Title: | Managing Director |
[Signature Page to Extension Agreement]
KeyBank National Association, as Lender
| ||||
By: | /s/ Xxxxxxx Xxxxxxx | |||
Name: | Xxxxxxx Xxxxxxx | |||
Title: | Senior Vice President |
[Signature Page to Extension Agreement]
Sumitomo Mitsui Banking Corporation,
| ||||
By: | /s/ Xxxxxx Xxxxxxxx | |||
Name: | Xxxxxx Xxxxxxxx | |||
Title: | Executive Director |
[Signature Page to Extension Agreement]
The Bank of New York Mellon, as Lender
| ||||
By: | /s/ Xxxx Xxxx | |||
Name: | Xxxx Xxxx | |||
Title: | Vice President |
[Signature Page to Extension Agreement]
The Bank of Nova Scotia, as Lender
| ||||
By: | /s/ Xxxxx Xxxxx | |||
Name: | Xxxxx Xxxxx | |||
Title: | Director |
[Signature Page to Extension Agreement]
Canadian Imperial Bank of Commerce, New York Branch,
| ||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Managing Director |
[Signature Page to Extension Agreement]
PNC BANK, NATIONAL ASSOCIATION, as Lender
| ||||
By: | /s/ Xxxx Xxxxxxxxxxx | |||
Name: | Xxxx Xxxxxxxxxxx | |||
Title: | Vice President |
[Signature Page to Extension Agreement]
TD Bank, N.A., as Lender
| ||||
By: | /s/ Xxxxx Xxxx | |||
Name: | Xxxxx Xxxx | |||
Title: | Senior Vice President |
[Signature Page to Extension Agreement]
U.S. Bank National Association, as Lender
| ||||
By: | /s/ Xxxx Xxxxxx | |||
Name: | Xxxx Xxxxxx | |||
Title: | Senior Vice President |
[Signature Page to Extension Agreement]
The Northern Trust Company, as Lender
| ||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
Title: | Senior Vice President |
[Signature Page to Extension Agreement]