ions, 364-DAY CREDIT AGREEMENT AMONGAssignment Agreement • August 13th, 2003 • Atlantic City Electric Transition Funding LLC • Asset-backed securities • New York
Contract Type FiledAugust 13th, 2003 Company Industry JurisdictionPEPCO HOLDINGS, INC., POTOMAC ELECTRIC POWER COMPANY, DELMARVA POWER & LIGHT COMPANY and ATLANTIC CITY ELECTRIC COMPANY, as Borrowers,
364-DAY CREDIT AGREEMENTAssignment Agreement • August 13th, 2003 • New York
Contract Type FiledAugust 13th, 2003 JurisdictionTABLE OF CONTENTS (continued) Page 6.1 Financial Reporting 31 6.2 Use of Proceeds 33 6.3 Notice of Default 33 6.4 Conduct of Business 33 6.5 Taxes 34 6.6 Insurance 34 6.7 Compliance with Laws 34 6.8 Maintenance of Properties 34 6.9 Inspection 34 6.10 Merger 35 6.11 Sales of Assets 35 6.12 Liens 35 6.13 Leverage Ratio 38 6.14 Tax Shelter Regulations 38 ARTICLE VII DEFAULTS 38 7.1 Representation or Warranty 38 7.2 Nonpayment 38 7.3 Certain Covenant Breaches 38 7.4 Other Breaches 38 7.5 Cross Default 39 7.6 Voluntary Bankruptcy, etc. 39 7.7 Involuntary Bankruptcy, etc. 39 7.8 Seizure of Property, etc. 39 7.9 Judgments 40 7.10 ERISA 40 7.11 Unenforceability of Loan Documents 40 7.12 Change in Control 40 ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 40 8.1 Acceleration 40 8.2 Amendments 41