CREDIT AGREEMENT among PEPCO HOLDINGS, INC., BANK ONE, NA, as Administrative Agent, and MERRILL LYNCH & CO., as Syndication Agent BANC ONE CAPITAL MARKETS, INC., MERRILL LYNCH & CO., Co-Lead Arrangers and Co-Book Runners Dated as of August 1, 2002Credit Agreement • August 2nd, 2002 • Pepco Holdings Inc • Electric & other services combined • New York
CREDIT AGREEMENT This CREDIT AGREEMENT, dated as of August 1, 2002, is among Pepco Holdings, Inc. (the "Borrower"), various financial institutions (together with their respective successors and assigns, each a "Lender" and collectively the "Lenders") and Bank One, NA, a national banking association having its principal office in Chicago, Illinois, as administrative agent. The parties hereto agree as follows: ARTICLE I DEFINITIONS 1.1 Definitions. As used in this Agreement: "ACE" means Atlantic City Electric Company. "Administrative Questionnaire" means an administrative questionnaire, substantially in the form supplied by the Agent, completed by a Lender and furnished to the Agent in connection with this Agreement. "Advance" means a borrowing hereunder, (i) made by the Lenders on the same Borrowing Date, or (ii) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amo
