GUARANTYGuaranty • December 31st, 2015 • RGC Resources Inc • Natural gas transmisison & distribution • Virginia
This GUARANTY (this “Guaranty”), dated as of December 29, 2015, by and between RGC RESOURCES, INC., a Virginia corporation (“Guarantor”), and UNION BANK & TRUST (“Union”), individually and as administrative agent (in such capacity, “Administrative Agent”) for itself and the lenders from time to time signatory to the Credit Agreement, as defined below.
NOTECredit Agreement • December 31st, 2015 • RGC Resources Inc • Natural gas transmisison & distribution
FOR VALUE RECEIVED, the undersigned (“Borrower”), hereby promises to pay to Branch Banking and Trust Company or registered assigns (“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to Borrower under that certain Credit Agreement, dated as of December 29, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Borrower, the Lenders from time to time party thereto, and Union Bank & Trust, as Administrative Agent.
NOTELoan Agreement • December 31st, 2015 • RGC Resources Inc • Natural gas transmisison & distribution
FOR VALUE RECEIVED, the undersigned (“Borrower”), hereby promises to pay to Union Bank & Trust or registered assigns (“Lender”), in accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of each Loan from time to time made by the Lender to Borrower under that certain Credit Agreement, dated as of December 29, 2015 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Borrower, the Lenders from time to time party thereto, and Union Bank & Trust, as Administrative Agent.
CREDIT AGREEMENTCredit Agreement • December 31st, 2015 • RGC Resources Inc • Natural gas transmisison & distribution • Virginia
Borrower has requested that Lenders provide a non-revolving credit line facility, and Lenders are willing to do so on the terms and conditions set forth herein. In consideration of the mutual covenants and agreements in this Agreement, the parties covenant and agree as follows:
