LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT Dated as of April 28, 2006, Among DUQUESNE LIGHT HOLDINGS, INC. as Borrower and THE LENDERS NAMED HEREIN as Lenders and JPMORGAN CHASE BANK, N.A. as Administrative Agent and as Issuing Bank J.P. MORGAN...Letter of Credit and Reimbursement Agreement • May 4th, 2006 • Duquesne Light Holdings Inc • Electric services • New York
The Borrower has requested (i) the Issuing Bank to issue the Letters of Credit pursuant to this Agreement in the amounts and on the terms and conditions set forth herein and (ii) the Lenders to participate in the issuance of the Letters of Credit and all drawings thereunder. The Issuing Bank and the Lenders have so agreed on the terms and conditions set forth herein, and the Administrative Agent has agreed to act as agent for the Lenders on such terms and conditions.
AGREEMENT FOR STANDBY LETTER OF CREDITAgreement for Standby Letter of Credit • May 4th, 2006 • Duquesne Light Holdings Inc • Electric services • New York
In consideration of your issuance of an irrevocable letter of credit (the “Credit”) substantially in accordance with the terms and conditions provided by the undersigned (the “Applicant”) on the Application attached hereto or as otherwise requested by Applicant in writing, Applicant unconditionally agrees with you (“Citibank”) as follows. attached hereto, (the “Application”), the undersigned (the “Applicant”), unconditionally agrees with you (“Citibank”) as follows:
