Letter of Credit and Security Agreement Sample Contracts

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Letter of Credit and Security Agreement Dated as of September 4 2008 Among Pivotal Utility Holdings, Inc., as Borrower, AGL Resources Inc., as Guarantor, The Lenders Parties Hereto, Bank of America, N.A., as Administrative Agent, The Bank of...
Letter of Credit and Security Agreement • October 30th, 2008 • Agl Resources Inc • Natural gas distribution • New York

This Letter of Credit and Security Agreement, dated as of September 4, 2008 (this “Agreement”), among Pivotal Utility Holdings, Inc., a New Jersey corporation (the “Borrower”), AGL Resources Inc., a Georgia corporation (the “Guarantor,” and together with the Borrower, the “Credit Parties”), the banks and other financial institutions that are parties hereto (each a “Lender” and collectively, the “Lenders”), Bank of America, N.A., a national banking association organized under the laws of the United States (“Bank of America”), in its capacity as administrative agent for the Lenders (in such capacity, the “Administrative Agent”), The Bank of Tokyo-Mitsubishi UFJ, Ltd., in its capacity as syndication agent for the Lenders (in such capacity, the “Syndication Agent”), and Bank of America, N.A., in its capacity as issuing bank of the Letter of Credit described herein (in such capacity, the “Issuing Bank”).

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