EX-10.108-1 59 a2031364zex-10_1081.txt EXHIBIT 10.108.1 Exhibit 10.108.1 EXECUTION COUNTERPART AMENDMENT ONE AMENDMENT ONE (this "Amendment") dated as of May 9, 2000 by and among EDISON MISSION MIDWEST HOLDINGS CO. (the "BORROWER") and, each of certain commercial lending institutions party hereto. WHEREAS, the Borrower, The Chase Manhattan Bank as Administrative Agent, and certain commercial lending institutions party thereto entered into a Credit Agreement dated as of December 15, 1999 (the "CREDIT AGREEMENT"); WHEREAS, the Borrower is permitted to incur Indebtedness pursuant to Section 8.2.1(d) of the Credit Agreement to finance the acquisition, construction or improvement of any fixed or capital assets in accordance with and subject to SCHEDULE 8.2.1(d) to the Credit Agreement; WHEREAS, the Borrower desires to secure the financing referred to above with the Holdings Collateral on a ratable basis with the other Secured Obligations; and WHEREAS, the Borrower has requested that Administrative Agent and the Lenders party to the Credit Agreement and the Administrative Agent and the Lenders party hereto have agreed to amend certain provisions of the Credit Agreement. ACCORDINGLY, the parties hereto agree as follows: Section 1. DEFINITIONS. Except as otherwise defined in this Amendment, terms defined in the Credit Agreement are used herein (and in the introductions and recitals hereto) as defined therein. Section 2. AMENDMENT TO THE CREDIT AGREEMENT. Subject to the satisfaction of the conditions precedents specified in Section 4 below, but effective as of the Amendment Effective Date, the Credit Agreement shall be amended as follows: (a) SECTION 1.1 of the Credit Agreement shall be amended by adding the following definitions: ""2000 CAPEX CREDIT AGREEMENT" means the Credit Agreement dated as of May 9, 2000 by and among the Borrower, Societe Generale and Bayerische Landesbank Girozentrale. "2000 CAPEX LOANS" means loans made to the Borrower pursuant to the 2000 Capex Credit Agreement.". (b) SECTION 8.1.1(c) of the Credit Agreement shall be amended by inserting the following phrase after the phrase "concurrently with the delivery of financial statements referred to in SECTION 8.1.1(b),": "commencing with the 2000 Fiscal Year,". (c) SECTION 8.1.1(e) of the Credit Agreement shall be amended by deleting the reference to "SECTION 8.1.1(b)" and replacing it with the following reference: "SECTION 8.1.1(a)". (d) SECTION 8.2.1(d) of the Credit Agreement shall be amended by inserting after, "Subject to SECTION 8.2.8," at the beginning of SECTION 8.2.1(d) of the Credit Agreement, the following phrase: "the 2000 Capex Credit Agreement and other". (e) SECTION 8.2.1(f) of the Credit Agreement shall be amended by inserting the following phrase at the beginning of clause (ii) of SECTION 8.2.1(f) of the Credit Agreement and before the phrase "any other existing Indebtedness": "2000 Capex Loans and". (f) SECTION 8.2.1(g) of the Credit Agreement shall be amended deleting clause (i) in it entirety and replacing it with the following clause: "(i) the aggregate outstanding principal of Tranche A Loans, Tranche B Loans and 2000 Capex Loans and". (g) Section 8.2.1(g)(ii)(A) of the Credit Agreement shall be amended by deleting the reference to "$1,679,000,000" and replacing it with "$1,750,000,000". (h) SECTION 8.2.1(j) Of the Credit Agreement shall be amended by deleting clause (i) in its entirety and replacing it with the following clause: "(i) the Borrower shall have delivered to the Lenders a PRO FORMA calculation of the Debt Service Coverage Ratio for the preceding 12-month period (or, if such calculation is being delivered prior to the first anniversary of the Effective Date, for such shorter period of not less than six months) indicating that had such Indebtedness been outstanding, had the maximum amount of Indebtedness available to be drawn under the Tranche C Loan Commitments been outstanding during such period and, if the sum of (A) the aggregate principal amount of the Tranche A Loans, the Tranche B Loans and the 2000 Capex Loans, (B) the outstanding principal amount of any Indebtedness incurred pursuant to SECTION 2 8.2.1(f)(i) PLUS (C) all Indebtedness of Holdings in the form of commercial paper is less than $1,750,000,000, had an additional amount been drawn under the Tranche A Loan Commitments, the Tranche B Loan Commitments and commitments under the 2000 Capex Credit Agreement such that the sum of sub-clauses (A), (B) PLUS (C) above equals $1,750,000,000, the Debt Service Coverage Ratio for such period would have been equal to or greater than 2.50 to 1.00,". (i) SECTION 8.2.2(l) of the Credit Agreement shall be amended by deleting clause (l) in its entirety and replacing it with the following clause: "(l) Liens on Holdings Collateral securing Indebtedness permitted by SECTION 8.2.1(b), (d), (f), (g) or (j); provided that such Indebtedness shall be secured on a PRO RATA basis with the Secured Obligations.". Section 3. AUTHORIZATION OF ADMINISTRATIVE AGENT. The Lenders party hereto hereby authorize the Administrative Agent to execute Amendment One To The Intercreditor Agreement dated as of May 9, 2000 by and among the Administrative Agent, the Holder Representatives and the Midwest LC Issuer. Section 4. CONDITIONS PRECEDENT. This Amendment shall not become effective until the date (the "AMENDMENT EFFECTIVE DATE") on which each of the following condition precedents have been satisfied: (a) Delivery to the Administrative Agent of (i) this Amendment duly executed and delivered by the Borrower, and the Lenders constituting the Required Lenders and (ii) Amendment One To The Intercreditor Agreement duly executed and delivered by each party thereto. (b) The representations and warranties of the Borrower as set forth in the Credit Agreement and each Loan Party in each of the Loan Documents to which such Loan Party is a party, shall be true and correct as of the Amendment Effective Date after giving effect to the amendments contemplated hereby (unless stated to be given as of an earlier date, in which case such representation and warranty shall be true and correct only as of such earlier date); and (c) As of the Amendment Effective Date, no Default shall have occurred and be continuing. Section 5. MISCELLANEOUS. Except as expressly amended hereby, all of the terms and provisions of the Credit Agreement are and shall remain in full force and effect. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument and any of the parties hereto may execute this Amendment by signing any such counterpart. This Amendment shall be governed by, and construed in accordance with, the law of the State of New York. 3 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers as of the day and year first above written. EDISON MISSION MIDWEST HOLDINGS CO. By: ------------------------------------ Name: Title: Address for Notices: 18101 Von Karman Avenue Suite 1700 Irvine, CA 92616 Attention: General Counsel Telecopier No.: (949) 752-1420 THE CHASE MANHATTAN BANK, as Lender By: /s/ Robert W. Mathews ------------------------------------ Name: Robert W. Mathews Title: Vice President Address for Notices: Tom Casey 270 Park Avenue New York, New York 10017 With a copy to: Loan & Agency Services Group The Chase Manhattan Bank 1 Chase Manhattan Plaza New York, New York 10081 Attention: Janet Belden CITICORP USA, INC., as Lender By: /s/ Sandip Sen ------------------------------------ Name: Sandip Sen Title: Managing Director 4 Address for Notices: 399 Park Avenue 4th Floor New York, New York 10043 Attention: David Goldenberg Telecopier No.: SOCIETE GENERALE, as Lender By: /s/ David Bird ------------------------------------ Name: David Bird Title: Vice President Address for Notices: 1221 Avenue of the Americas 11th Floor New York, New York 10020 Attention: Donna Reynolds/Debbie Napoli Telecopier No.: WESTDEUTSCHE LANDESBANK GIROZENTRALE, New York Branch, as Lender By: ------------------------------------ Name: Title: By: ------------------------------------ Name: Title: Address for Notices: 1211 Avenue of the Americas 25th Floor New York, New York 10036-8701 Attention: Jonathan Berman/Matt Wilson Telecopier No.: 5 BANK OF MONTREAL, as Lender By: /s/ Cahal B. Carmody -------------------------------- Name: Cahal B. Carmody Title: Director Address for Notices: 700 Louisiana Suite 4400 Houston, TX 77002 Attention: Cahal Carmody Telecopier No.: MEESPIERSON CAPITAL CORP., as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 3 Stamford Plaza 301 Tresser Boulevard 9th Floor Stamford, CT 06901-3239 Attention: Marlene Ellis Telecopier No.: 6 THE ROYAL BANK OF SCOTLAND PLC, as Lender By: -------------------------------- Name: Title: Address for Notices: 88 Pine Street Wall Street Plaza 26th Floor New York, New York 10005 Attention: Jeanne DeQuar Telecopier No.: THE BANK OF NOVA SCOTIA, as Lender By: -------------------------------- Name: Title: Address for Notices: 600 Peachtree Street Suite 2700 Atlanta, GA 30383 Attention: Kathy Clark Telecopier No.: With a copy to : 580 California Street Suite 2100 San Francisco, CA 94101 Attention: John Quick Telecopier No.: 7 BANK OF AMERICA, N.A., as Lender By: -------------------------------- Name: Title: Address for Notices: 101 N. Tryon Street NC1-001-15-04 Charlotte, NC 28255 Attention: Lynne Cole Telecopier No.: ABN AMRO BANK N.V., as Lender By: /s/ David B. Bryant -------------------------------- Name: David B. Bryant Title: Senior Vice President By: /s/ Gregory B. Babaya -------------------------------- Name: Gregory B. Babaya Title: Assistant Vice President Address for Notices: 208 South LaSalle Street Suite 1500 Chicago, IL 60604-1003 Attention: Credit Administration With a copy to: 135 South LaSalle Street Suite 710 Chicago, IL 60603 Attention: David Bryant Telecopier No.: (312) 583-6111 8 LEHMAN COMMERCIAL PAPER INC., as Lender By: -------------------------------- Name: Title: Address for Notices: C/o Bankers Trust Company Corporate Trust & Agency Group Loan Services 4 Albany Street 7th Floor New York, New York 10006 Attention: Jason Yoo Telecopier No.: With a copy to: 3 World Financial Center 10th Floor New York, New York 10285 DRESDNER BANK AG, New York and Grand Cayman Branches, as Lender By: /s/ Andrew Schroeder -------------------------------- Name: Andrew Schroeder Title: Vice President By: /s/ Fred C. Thurston -------------------------------- Name: Fred C. Thurston Title: Assistant Vice President Address for Notices: 75 Wall Street New York, New York 10005-2889 Attention: Annabelle Librojo Telecopier No.: 212 429 2130 9 BAYERISCHE LANDESBANK GIROZENTRALE, as Lender By: /s/ C. Stolarski -------------------------------- Name: C. Stolarski Title: Vice President By: /s/ Dietmar Rieg -------------------------------- Name: Dietmar Rieg Title: First Vice President Address for Notices: 560 Lexington Avenue New York, New York 10094 Attention: Patricia Sanchez Telecopier No.: BARCLAYS BANK PLC, as Lender By: -------------------------------- Name: Title: Address for Notices: 222 Broadway New York, New York 10038 Attention: Marsha Hamlette Telecopier No.: 10 NATIONAL WESTMINSTER BANK Plc, New York Branch as Lender By: -------------------------------- Name: Title: NATIONAL WESTMINSTER BANK Plc, Specialised Finance Group, London as Lender By: /s/ Dave Walton -------------------------------- Name: Dave Walton Title: Senior Corporate Manager Address for Notices: Funding Office- 65 East 55th Street New York, New York 10022 Attention: Sattie Chinapen Controlling/Credit Office Specialised Finance Group PO Box 12264, 5th Floor 1 Princes Street, London EC2R 8PB Attnetion: Martin Vesey/ Dave Walton UNION BANK OF CALIFORNIA, N.A., as Lender By: /s/ Susan K. Johnson -------------------------------- Name: Susan K. Johnson Title: Vice President 11 Address for Notices: Commercial Loan Operations 1980 Saturn Street Monterey Park, CA 91755 Attention: Ruby Gonzales Telecopier No.: BANK ONE, NA (Chicago Branch), as Lender By: /s/ Jane A. Bek -------------------------------- Name: Jane A. Bek Title: Vice President Address for Notices: 1 Bank One Plaza Suite 0634 Chicago, IL 60670 Attention: Claudia Kich Telecopier No.: TORONTO DOMINION (TEXAS) INC., as Lender By: /s/ Lynn Chasin -------------------------------- Name: Lynn Chasin Title: Vice President Address for Notices: 909 Fannin Street 17th Floor Houston, TX 77010 Attention: Lynn Chasin Telecopier No.: 713 951 9921 12 BANQUE NATIONALE DE PARIS, as Lender By: /s/ James P. Culhane, CFA -------------------------------- Name: James P. Culhane Title: Assistant Vice President By: /s/ Christophe Bernard -------------------------------- Name: Christophe Bernard Title: Assistant Vice President Address for Notices: Treasury Department 180 Montgomery Street San Francisco, CA 94101 Attention: Don Hart Telecopier No.: With a copy to: 725 S. Figueroa Street Suite 2090 Los Angeles, CA 90017 Attention: James Culhane Telecopier No.: COMMERZBANK AKTIENGESELLSCHAFT, New York Branch, as Lender By: /s/ Christian Jagenberg -------------------------------- Name: Christian Jagenberg Title: Senior Vice President and Manager By: /s/ Steven F. Larsen -------------------------------- Name: Steven F. Larsen Title: Vice President 13 Address for Notices: 2 World Financial Center New York, New York 10281-1050 Attention: Christine Hunermund Telecopier No.: SANPAOLO IMI S.p.A., as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 245 Park Avenue 35th Floor New York, New York 10167 Attention: Gerardo Suarez/John Ferrante Telecopier No.: CREDIT LOCAL DE FRANCE, New York Agency as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: 14 Address for Notices: 450 Park Avenue New York, New York 10022 Attention: Aida Slabotzky Telecopier No.: THE FUJI BANK, LIMITED, as Lender By: -------------------------------- Name: Title: Address for Notices: Two World Trade Center 79th Floor New York, New York 10048 Attention: Tina Catapano/Betty Ali Telecopier No.: KBC BANK N.V., as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 125 West 55th Street 10th Floor New York, New York 10019 Attention: Michael Curran Telecopier No.: 15 CREDIT LYONNAIS, New York Branch as Lender By: -------------------------------- Name: Title: Address for Notices: 1301 Avenue of the Americas New York, New York 10019 Attention: Justine Ventrelli Telecopier No.: MB FINSTRUTTURE, S.p.A. as Lender By: /s/ Mauro Maia -------------------------------- Name: Mauro Maia Title: By: /s/ Massimo Di Carlo -------------------------------- Name: Massimo di Carlo Title: Address for Notices: Via Filodrammatici 10 Milano, Italy 20121 Attention: Gianfranco Amoroso Telecopier No.: 39 02 8829 945 16 ABBEY NATIONAL TREASURY SERVICES plc, as Lender By: /s/ Derek Gordon -------------------------------- Name: Derek Gordon Title: Head of Project Finance By: -------------------------------- Name: Title: Address for Notices: 26-28 Dorset Square London, NW1 6QC United Kingdom Attention: Sue Hawkins Telecopier No.: AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED, as Lender By: /s/ R. Scott Mcinnis -------------------------------- Name: R. Scott Mcinnis Title: Head of Structured Finance & Relationship Management - Americas Address for Notices: 1177 Avenue of the Americas New York, New York 10036-2798 Attention: Tessie Amante/Doreen Klingenbeck Telecopier No.: 17 CIBC INC., as Lender By: -------------------------------- Name: Title: Address for Notices: Two Paces West 2727 Paces Ferry Raod Suite 1200 Atlanta, GA 30309 Attention: Beverly Bowman/Miriam McCart Telecopier No.: NORDDEUTSCHE LANDESBANK GIROZENTRALE New York/Grand Cayman Islands Branches, as Lender By: /s/ Bruno J-M Mejean -------------------------------- Name: Bruno J-M Mejean Title: Senior Vice President By: /s/ Stephen K. Hunter -------------------------------- Name: Stephen K. Hunter Title: Senior Vice President Address for Notices: 1114 Avenue of the Americas New York, New York 10036 Attention: Stefanie Scholz Telecopier No.: 18 THE INDUSTRIAL BANK OF JAPAN, LIMITED, as Lender By: -------------------------------- Name: Title: Address for Notices: 1251 Avenue of the Americas New York, New York 10020-1104 Attention: Richard Emmich Telecopier No.: NATIONAL AUSTRALIA BANK LIMITED, (A.C.N. 004044937) as Lender By: -------------------------------- Name: Title: Address for Notices: 200 Park Avenue 34th Floor New York, New York 10166 Attention: Lidia Saniuk/Geraldine Harper Telecopier No.: 19 BAYERISCHE HYPO-UND VEREINSBANK AG, New York Branch, as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 150 East 42nd Street New York, New York 10017 Attention: Arelis Cepeda Telecopier No.: BANK HAPOALIM B.M., as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 1177 Avenue of the Americas New York, New York 10036 Attention: Donna Gindoff/Ivelis Cruz Telecopier No.: 20 COBANK, ACB, as Lender By: -------------------------------- Name: Title: Address for Notices: 5500 South Quebec Street Englewood, CO 80111 Attention: Ryan Spearman Telecopier No.: BANKGESELLSCHAFT BERLIN AG, London Branch as Lender By: /s/ H. Van Wyk -------------------------------- Name: H. Van Wyk Title: Director By: /s/ Philip J. Nias -------------------------------- Name: Philip J. Nias Title: Director Address for Notices: 1 Crown Court Cheapside London E2C2V 6LR England Attention: Penny Neville-Park/ Collette Hayden Telecopier No.: 21 NATEXIS BANQUE, as Lender By: /s/ Anadi Jauhari -------------------------------- Name: Anadi Jauhari Title: Vice President & Group Manager Project Finance Group By: /s/ Anthony Perna -------------------------------- Name: Anthony Perna Title: Assistant Vice President Address for Notices: 645 Fifth Avenue 20th Floor New York, New York 10022 Attention: Connie Moy Telecopier No.: 212 872 5045 CREDIT INDUSTRIEL ET COMMERCIAL (formerly Compagnie Financiere de CIC et de l'Union Europeene) as Lender By: /s/ Daniel Staffelbach -------------------------------- Name: Daniel Staffelbach Title: Associate By: /s/ Mark D. Palin -------------------------------- Name: Mark D. Palin Title: Vice President Address for Notices: DGC - Credit Financiers 95091 Cergy Pontosse Cedex, France Attention: Annick Merard Telecopier No.: 331 45 96 49 43/44 22 MELLON BANK, N.A., as Lender By: /s/ Mark W. Rogers -------------------------------- Name: Mark W. Rogers Title: Vice President Address for Notices: Three Mellon Bank Center Rom 1203 Pittsburgh, PA 15259-0003 Attention: Loan Administration Dept. Telecopier No.: CHANG HWA COMMERCIAL BANK, LTD., as Lender By: -------------------------------- Name: Title: Address for Notices: 333 South Grand Avenue Suite 600 Los Angeles, CA 90071 Attention: Jean Luu Telecopier No.: BANK OF CHINA, NEW YORK, as Lender By: /s/ Jin Chuon -------------------------------- Name: Jin Chuon Title: Manager of Project Finance Department Address for Notices: 410 Madison Avenue New York, New York 10017 Attention: Kevin Cheung Telecopier No.: 23 ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN AG, New York Branch as Lender By: -------------------------------- Name: Title: By: -------------------------------- Name: Title: Address for Notices: 280 Park Avenue, West Building New York, NY 10017 Attention: Patrick Kunkel Telecopier No.: 24