TERM LOAN AGREEMENT Dated as of December 28, 2020 among CADDO WIND, LLC, as the Borrower ALLETE, INC. and ALLETE CLEAN ENERGY, INC., as Guarantors and BANK OF AMERICA, N.A., as the LenderTerm Loan Agreement • February 17th, 2021 • Allete Inc • Electric & other services combined • New York
TOC \f C \t "Article_L1,1, Definitions_1,1, Heading 1,1, Article_L2,2, Definitions_2,2, Heading 2,2, Heading 2_RunIn,2" GUID=7665ddd5-1da9-4750-aa01-7a273e397771 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS 1 1.01 Defined Terms. 1 1.02 Other Interpretive Provisions. 16 1.03 Accounting Terms. 17 1.04 Rounding. 17 1.05 Times of Day; Rates. 17 ARTICLE II TERM COMMITMENT AND TERM BORROWINGS 18 2.01 Term Loans. 18 2.02 Term Borrowings, Conversions and Continuations of Term Loans. 18 2.03 Optional Prepayments. 19 2.04 Termination or Reduction of Term Commitment. 19 2.05 Repayment of Term Loans. 20 2.06 Interest and Default Rate. 20 2.07 Fees. 20 2.08 Computation of Interest and Fees. 21 2.09 Payments Generally. 21 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY 21 3.01 Taxes. 21 3.02 Illegality. 22 3.03 Inability to Determine Rates. 22 3.04 Increased Costs; Reserves on Eurodollar Rate Loans. 25 3.05 Compensation for Losses. 26 3.06 Survival. 27 ARTICLE IV CONDITIONS PRECEDENT TO TERM BORROW
