FIRST AMENDMENT FIRST AMENDMENT, dated as of April 5, 2000 (this "AMENDMENT"), to that certain THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 18, 2000 (the "EXISTING AGREEMENT"; and as amended by this Amendment the "AMENDED...
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EXHIBIT 99-33
EXECUTION COPY
FIRST AMENDMENT
FIRST AMENDMENT, dated as of April 5, 2000 (this "AMENDMENT"), to that
certain THIRD AMENDED AND RESTATED CREDIT AGREEMENT, dated as of January 18,
2000 (the "EXISTING AGREEMENT"; and as amended by this Amendment the "AMENDED
AGREEMENT"), among DTE Capital Corporation (the "BORROWER"), certain Lenders
named therein and party thereto (the "LENDERS"), Citibank, N.A., as Agent (the
"AGENT"), ABN Amro Bank N.V., Bank One, N.A., Barclays Bank PLC, Bayerische
Landesbank Girozentrale, Cayman Islands Branch, Comerica Bank and Den Danske
Bank Aktieselskab as Co-Agents, and Xxxxxxx Xxxxx Xxxxxx Inc. as Arranger.
PRELIMINARY STATEMENT
The Borrower, the Lenders and the Agent previously entered into the
Existing Agreement. The parties hereto now wish to amend the Existing Agreement
in certain particulars. The parties therefore agree as follows (capitalized
terms used but not defined herein having the meanings assigned to such terms in
the Existing Agreement):
SECTION 1. AMENDMENT TO EXISTING AGREEMENT. The
Existing Agreement is, effective as of the date hereof and subject to the
satisfaction of the conditions precedent set forth in Section 2 hereof, hereby
amended as follows:
(a) The definition of "Hedge Agreements" in Section 1.01 is amended in
its entirety to read as follows:
"Hedge Agreements" means interest rate swap, cap or collar
agreements, interest rate future or option contracts, currency swap
agreements, currency future or option contracts and other similar
agreements, except for those hedge agreements, which agreements shall
be pari passu with or subordinate to this Agreement, that may be
entered into by the Parent for an aggregate notional amount of up to
$1.6 billion in connection with the Merger.
SECTION 2. CONDITIONS OF EFFECTIVENESS OF AMENDMENT. This Amendment shall
become effective as of the date first written above when, and only when, the
Administrative Agent shall have received from the Borrower, on behalf of each
Lender counterparts of this Amendment executed by the Borrower and all the
Lenders in sufficient quantity for each party to have a fully executed original.
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SECTION 3. REPRESENTATIONS AND WARRANTIES OF THE BORROWER. The Borrower
represents and warrants that (a) the representations and warranties contained in
Section 4.01 of the Amended Agreement are true and correct on and as of the date
first above written as though made on and as of such date, with references to
the Loan Documents contained therein being deemed to include this Amendment and
the Existing Agreement, as amended hereby and (b) no event has occurred and is
continuing, or would result from the execution and delivery of this Amendment,
that constitutes a Default.
SECTION 4. REFERENCE TO AND EFFECT ON THE EXISTING AGREEMENT. Upon the
effectiveness of Section 1 hereof, on and after the date hereof (a) each
reference in the Existing Agreement to "this Agreement", "hereunder", "hereof"
and each reference in any Note to "the Agreement", "thereunder" or "thereof" or,
in either case, to words of like import referring to the Existing Agreement
shall mean and be a reference to the Existing Agreement, as amended hereby, and
(b) each reference to the Loan Documents shall be deemed to be and include a
reference to this Amendment and the Existing Agreement, as amended hereby.
Except as specifically amended above, the Existing Agreement and the Notes are
and shall continue to be in full force and effect and are hereby in all respects
ratified and confirmed. The execution, delivery and effectiveness of this
Amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of any Lender or the Administrative Agent under any
Loan Document, nor constitute a waiver of any provision of any Loan Document.
SECTION 5. COSTS, EXPENSES AND TAXES. The Borrower agrees to pay on demand
all costs and expenses of the Administrative Agent in connection with the
preparation, execution and delivery of this Amendment, and the other instruments
and documents to be delivered hereunder, including, without limitation, the
reasonable fees and out-of-pocket expenses of King & Spalding, counsel for the
Administrative Agent with respect thereto and with respect to advising the
Administrative Agent as to its rights and responsibilities hereunder and
thereunder, and all costs and expenses (including, without limitation, counsel
fees and expenses), if any, in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of this Amendment. In addition,
the Borrower agrees to pay any and all stamp and other taxes payable or
determined to be payable in connection with the execution and delivery of this
Amendment, and the other instruments and documents to be delivered hereunder,
and agree to save the Lenders and the Administrative Agent harmless from and
against any and all liabilities with respect to or resulting from any delay in
paying or omission to pay such taxes.
SECTION 6. EXECUTION IN COUNTERPARTS. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original
and all of which taken together shall constitute but one and the same
instrument.
SECTION 7. GOVERNING LAW. This Amendment shall be governed by, and
construed in accordance with, the internal laws of the State of New York.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment and
Restatement to be executed by their respective officers thereunto duly
authorized, as of the date first above written.
DTE CAPITAL CORPORATION
By
------------------------------
Name:
Title:
CITIBANK, N.A., as Agent
By
------------------------------
Name:
Title:
AGREED and CONSENTED
to, as of the date first above
written:
DTE ENERGY COMPANY
By:
-----------------------
Title:
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Lenders
CITIBANK, N.A.
By
---------------------------------
Name:
Title:
5
A-3
ABN AMRO BANK N.V.
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
6
A-4
BANK ONE, NA
By
---------------------------------
Name:
Title:
7
A-5
BARCLAYS BANK PLC
By
---------------------------------
Name:
Title:
0
X-0
XXXXXXXXXX XXXXXXXXXX
XXXXXXXXXXXX, XXXXXX
XXXXXXX BRANCH
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
9
A-7
COMERICA BANK
By
---------------------------------
Name:
Title:
10
A-8
DEN DANSKE BANK AKTIESELSKAB
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
00
X-0
XXX XXXX XX XXX XXXX
By
---------------------------------
Name:
Title:
00
X-00
XXX XXXX XX XXXX XXXXXX
By
---------------------------------
Name:
Title:
13
A-11
THE CHASE MANHATTAN BANK
By
---------------------------------
Name:
Title:
14
A-12
FIRST UNION NATIONAL BANK
By
---------------------------------
Name:
Title:
15
A-13
SOCIETE GENERALE, CHICAGO
BRANCH
By
---------------------------------
Name:
Title:
16
A-14
BANK HAPOALIM, B.M.
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
17
A-15
BW CAPITAL MARKETS, INC.
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
18
A-16
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By
---------------------------------
Name:
Title:
19
A-17
MELLON BANK, N.A.
By
---------------------------------
Name:
Title:
20
A-18
PARIBAS
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
00
X-00
XXXXX XXXX XX XXXXXXXXXX, N.A.
By
---------------------------------
Name:
Title:
22
A-20
CIBC, INC.
By
---------------------------------
Name:
Title:
23
A-21
THE DAI-ICHI KANGYO BANK, LTD.
By
---------------------------------
Name:
Title:
24
A-22
KEYBANK NATIONAL ASSOCIATION
By
---------------------------------
Name:
Title:
By
---------------------------------
Name:
Title:
25
A-23
MICHIGAN NATIONAL BANK
By
---------------------------------
Name:
Title:
