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Exhibit 4-9A
FIRST AMENDMENT AGREEMENT
FIRST AMENDMENT AGREEMENT dated as of September 1, 1993 amending that
certain Credit Agreement dated as of August 1, 1991 (the "Agreement) between NEW
JERSEY RESOURCES CORPORATION (the "Company") and X.X. XXXXXX DELAWARE ("The
"Bank").
W I T N E S S E T H :
WHEREAS, Company and Bank are parties to the Agreement; and
WHEREAS, Company and Bank wish to amend the Agreement in certain
respects:
NOW, THEREFORE, the parties hereto agree as follows:
1. Definitions. Except as otherwise specified herein, capitalized terms
used herein and defined in the Agreement shall have the respective meanings
ascribed thereto in the Agreement. Each reference to "hereof", "hereunder",
"herein" and "hereby" and each other similar reference and each reference to
"this Agreement" and each other similar reference contained in the Agreement
shall from and after the effective date hereof refer to the Agreement as amended
hereby.
2. Amendment. The Agreement is hereby amended as follows:
(A) the definition of "Termination Date" in Section 1.1 is amended
by deleting the date "July 31, 1994" and inserting the date
"October 1, 1995" in its place; and
(B) the definition of "Commitment" in Section 2.1 is amended by
deleting the figure "$20,000,000" and inserting the figure
"$25,000,000" in its place.
3. Representations. Borrower hereby represents and warrants to
Bank that:
(A) the representations set forth in Section 5 of the Agreement
are true and correct in all respects as if made on the date
hereof and as if each reference therein to the Agreement were
a reference to the Agreement as amended by this First
Amendment Agreement;
(B) no Event of Default specified in Section 7 of the Agreement
has occurred and is continuing; and
(C) the making and performance by the Company of this First
Amendment Agreement have been duly authorized by all necessary
corporate action.
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4. Miscellaneous.
(A) Except as expressly amended hereby, the Agreement shall remain
unmodified and in full force and effect.
(B) The provisions of Section 2 of this First Amendment Agreement
are hereby incorporated into and made a part of the Agreement
as if fully set forth therein.
(C) This First Amendment Agreement 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 First Amendment Agreement by signing any such
counterpart.
(D) This First Amendment Agreement shall be governed by and
construed in accordance with the law of the State of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this First
Amendment Agreement to be duly executed and delivered by their proper and duly
authorized officers as of the day and year first above written.
NEW JERSEY RESOURCES CORPORATION X.X. XXXXXX DELAWARE
By /s/ Xxxxx X. Xxxxxxxx By /s/ Xxxxxx X. Xxxxxxx
------------------------- -------------------------
Title: AVP & Controller Title: Vice President
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Exhibit A ..................................... Note
Exhibit B ........................ Opinion of Counsel
For the Borrower
Exhibit C ............................. Subsidiaries
Exhibit D ........................... Existing Liens
Exhibit E ........................... Existing Debt
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EXHIBIT A
NOTE
U.S. $20,000,000 August 1, 0000
Xxx Xxxx, Xxx Xxxx
FOR VALUE RECEIVED, NEW JERSEY RESOURCES CORPORATION, a New Jersey
corporation (the "Borrower"), hereby unconditionally promises to pay to the
order of X. X. XXXXXX DELAWARE (the "Bank") for the account of its Applicable
Lending Office, the unpaid principal amount of each Loan made by the Bank to the
Borrower pursuant to the Credit Agreement referred to below on the last day of
the Interest Period relating to such Loan. The Borrower promises to pay interest
on the unpaid principal amount of each such Loan on the dates and at the rate or
rates provided for in the Credit Agreement.
All such payments of principal and interest shall be made in lawful
money of the United States of America in Federal or other immediately available
funds at the office of the Bank located at 000 Xxxxxx Xxxxxx, Xxxxxxxxxx,
Xxxxxxxx 00000.
All Loans made by the Bank, the respective types and maturities thereof
and all repayments of the principal thereof shall be recorded by the Bank and,
prior to any transfer hereof, appropriate notations to evidence the foregoing
information with respect to each such Loan then outstanding shall be endorsed by
the Bank on the schedule attached hereto and made a part hereof; provided that
the failure of the Bank to make any such recordation or endorsement shall not
affect the obligations of the Borrower hereunder or under the Credit Agreement.
This note is the Note referred to in the Credit Agreement dated as of
August 1, 1991, between the Borrower and the Bank (as the same may be amended
from time to time, the "Credit Agreement"). Terms defined in the Credit
Agreement are used herein with the same meanings. Reference is made to the
Credit Agreement for provisions for the prepayment hereof and the acceleration
of the maturity hereof.
NEW JERSEY RESOURCES CORPORATION
By: /s/ Xxxxxxxx X. Xxxxxx
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Title: Senior Vice President
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LOANS AND PAYMENTS OF PRINCIPAL
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Date Amount of Type of Amount of Maturity Notation
Loan Loan Principal Date Made By
Repaid
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