Committed Line Of Credit Note (Multi-Rate Options) $100,000,000.00 December 18, 2018Committed Line of Credit Note • December 21st, 2018 • New Jersey Resources Corp • Natural gas distribution
FOR VALUE RECEIVED, NEW JERSEY RESOURCES CORPORATION (the “Borrower”), with an address at 1415 Wyckoff Rd, Wall Township, NJ 07719, Attention: James Kent, Treasurer, promises to pay to the order of PNC BANK, NATIONAL ASSOCIATION (the “Bank”), in lawful money of the United States of America in immediately available funds at its offices located at 500 First Avenue, Pittsburgh, PA 15219 Attn: Christine Kemerer, or at such other location as the Bank may designate from time to time, the principal sum of ONE HUNDRED MILLION AND 00/100 DOLLARS ($100,000,000.00) (the “Facility”) or such lesser amount as may be advanced to or for the benefit of the Borrower hereunder, together with interest accruing on the outstanding principal balance from the date hereof, all as provided below.
