FOURTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT
Exhibit 10.1
FOURTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO
COLLATERAL AGENCY AND SHARING AGREEMENT
COLLATERAL AGENCY AND SHARING AGREEMENT
THIS FOURTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO COLLATERAL AGENCY AND SHARING
AGREEMENT (the “Amendment”), dated as of August 27, 2009, is made by and among ARCH COAL, INC., a
Delaware corporation (the “Borrower”), the GUARANTORS (as defined in the Credit Agreement), the
BANKS party to the Credit Agreement (as hereinafter defined), CITICORP USA, INC., JPMORGAN CHASE
BANK, N.A. and WACHOVIA BANK, NATIONAL ASSOCIATION, each in its capacity as co-syndication agent,
and BANK OF AMERICA, N.A. (successor by merger to FLEET NATIONAL BANK), as documentation agent, and
PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Banks.
WHEREAS, the parties hereto are parties to that certain Credit Agreement dated as of December
22, 2004, as amended by that certain First Amendment to Credit Agreement dated as of June 23, 2006,
as amended by that certain Second Amendment to Credit Agreement dated as of October 3, 2006 and as
amended by that certain Third Amendment to Credit Agreement dated as of March 6, 2009 (as so
amended, the “Credit Agreement”), pursuant to which the Banks provided a $800,000,000 revolving
credit facility to the Borrower; and
WHEREAS, the Borrower desires to have certain Banks extend the Expiration Date of their
Revolving Credit Commitments and/or join new Banks to the Credit Agreement, amend certain financial
covenants and amend the Collateral Agency and Sharing Agreement.
WHEREAS, the Borrower, the Banks and the Administrative Agent desire to amend the Credit
Agreement as hereinafter provided.
NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements
hereinafter set forth and intending to be legally bound hereby, covenant and agree as follows:
1. Definitions.
Capitalized terms used herein unless otherwise defined herein shall have the meanings ascribed
to them in the Credit Agreement, as amended by this Amendment.
2. Amendments to Credit Agreement.
(a) The following definitions contained in Section 1.1 (Certain Definitions) of the Credit
Agreement shall be amended and restated in its entirety:
“Bank-Provided Commodity Hedge shall mean a Commodity Hedge which is provided by any
Bank or an Affiliate of any Bank and which meets the following requirements: such Commodity Hedge
(i) is documented in a standard International Swap Dealer Association Agreement or such other
standard trading documentation, (ii) provides for the method of calculating the reimbursable amount
of the provider’s credit exposure in a reasonable and customary manner, and (iii) is entered into
for hedging purposes.”
“Corporate Credit Rating shall mean (a) the “Corporate Family Rating” by
Moody’s and (b) the “Corporate Credit Rating” by Standard & Poor’s, as such terms are
commonly used as a rating category by each rating agency.”
“Expiration Date shall mean (a) with respect to all Non-Extending Revolving
Credit Commitments, June 23, 2011 (the “Non-Extended Expiration Date”) and (b) with respect
to all Extending Revolving Credit Commitments, March 31, 2013 (the “Extended Expiration
Date”).”
“Interest Period shall mean the period of time selected by the Borrower in
connection with (and to apply to) any election permitted hereunder by the Borrower to have
Revolving Credit Loans bear interest under the Euro-Rate Option. Subject to the last
sentence of this definition, such period shall be one, two, three or six Months. Such
Interest Period shall commence on the effective date of such Interest Rate Option, which
shall be (i) the Borrowing Date if the Borrower is requesting new Revolving Credit Loans, or
(ii) the date of renewal of or conversion to the Euro-Rate Option if the Borrower is
renewing or converting to the Euro-Rate Option applicable to outstanding Revolving Credit
Loans. Notwithstanding the second sentence hereof: (A) any Interest Period which would
otherwise end on a date which is not a Business Day shall be extended to the next succeeding
Business Day unless such Business Day falls in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day, (B) the Borrower shall not
select, convert to or renew an Interest Period which commences prior to the Non-Extended
Expiration Date and ends after the Non-Extended Expiration Date, and (C) the Borrower shall
not select, convert to or renew an Interest Period that would end after the Extended
Expiration Date.”
“Revolving Credit Commitment shall mean, as to any Bank at any time, the
Non-Extending Revolving Credit Commitment or Extending Revolving Credit Commitment, as
applicable, in the amount initially set forth opposite its name on Schedule 1.1 (B)
in the column labeled ‘Amount of Commitment for Revolving Credit Loans,’ and thereafter as
determined by the Administrative Agent after giving effect to each applicable Bank Joinder
and Assignment and Assumption Agreement executed by such Bank and delivered to the
Administrative Agent, and Revolving Credit Commitments shall mean the aggregate
Revolving Credit Commitments of all of the Banks, which aggregate amount shall not exceed
$860,000,000 as of the Fourth Amendment Effective Date.”
(b) Section 1.1 [Certain Definitions] of the Credit Agreement is hereby amended to insert
therein, in alphabetical order, the following new definitions:
“Extended Expiration Date shall have the meaning set forth in the definition of
“Expiration Date”.”
“Extending Revolving Credit Commitment Utilization Fee shall have the meaning
set forth in Section 2.3.2 [Extending Revolving Credit Commitment Utilization Fee].”
“Extending Revolving Credit Commitment Unused Fee shall have the meaning set
forth in Section 2.3.3 [Extending Revolving Credit Commitment Unused Fee].”
“Extending Bank shall mean each Bank who is designated as having an “Extending
Revolving Credit Commitment” on Schedule 1.1 (B) of this Agreement.”
“Extending Revolving Credit Commitment shall mean the Extending Revolving
Credit Commitment of each Extending Bank as indicated on Schedule 1.1 (B) of this
Agreement and Extending Revolving Credit Commitments shall mean the Extending Revolving
Credit Commitments of all of the Extending Banks.”
“Fourth Amendment shall mean that certain Fourth Amendment to Credit Agreement
and Amendment to Collateral Agency and Sharing Agreement, dated as of August 27, 2009, among
the Borrower, the Guarantors, the Banks, the Administrative Agent and the other Agents.”
“Fourth Amendment Effective Date shall mean the effective date of the Fourth
Amendment, which date is August 27, 2009.”
“Non-Extended Expiration Date shall have the meaning set forth in the
definition of “Expiration Date”.”
“Non-Extending Revolving Credit Commitments shall mean all Revolving Credit
Commitments other than Extending Revolving Credit Commitments.”
(c) Article 2 [Revolving Credit and Swing Loan Facilities] of the Credit Agreement is hereby
amended as follows:
(i) Section 2.3 [Fees; Commitment Fees] is hereby amended as follows:
(A) The title to Section 2.3 shall be amended from “Fees, Commitment
Fees” to “Fees”;
(B) The entire paragraph currently constituting Section 2.3 shall be identified
as “2.3.1 Commitment Fees”;
(C) The following subsections shall be inserted into Section 2.3 immediately
after the end thereof:
“2.3.2 Extending Revolving Credit Commitment Utilization Fee.
Accruing from the Fourth Amendment Effective Date until the Extended Expiration Date,
the Borrower agrees to pay to the Administrative Agent for the account of each Extending
Bank, as consideration for such Extending Bank’s Extending Revolving Credit Commitment
hereunder, a nonrefundable extending revolving credit commitment utilization fee (the
“Extending Revolving Credit Commitment Utilization Fee”) equal to the applicable
rate per annum set forth below on the average daily balance of such Extending Bank’s
outstanding Loans and Letters of Credit Outstanding.
| Leverage Ratio and Corporate Credit Rating | Applicable Percentage | |||
If (i) the Leverage Ratio is less than or equal
to 4.00 to 1.00 and (ii) the Borrower’s
Corporate Credit Rating from (a) Standard &
Poor’s is BB- or higher and (b) Xxxxx’x is Ba3
or higher. |
0.50 | % | ||
If (i) the Leverage Ratio is greater than 4.00
to 1.00 and (ii) the Borrower’s Corporate
Credit Rating from (a) Standard & Poor’s is BB-
or higher and (b) Xxxxx’x is Ba3 or higher. |
0.75 | % | ||
If (i) the Leverage Ratio is less than or equal
to 4.00 to 1.00 and (ii) the Borrower’s
Corporate Credit Rating from (a) Standard &
Poor’s is lower than BB- or (b) Xxxxx’x is
lower than Ba3. |
1.00 | % | ||
If (i) the Leverage Ratio is greater than 4.00
to 1.00 and (ii) the Borrower’s Corporate
Credit Rating from (a) Standard & Poor’s is
lower than BB- or (b) Xxxxx’x is lower than
Ba3. |
1.25 | % | ||
All Extending Revolving Credit Commitment Utilization Fees shall be payable in arrears
on the first Business Day of each July, October, January and April after the Fourth
Amendment Effective Date and on the Extended Expiration Date or upon acceleration of the
Loans. It is expressly agreed that commencing on the date immediately after the date of the
delivery of the financial statements and related Compliance Certificate as required pursuant
to Section 7.3.3 [Certificate of the Borrower] hereof, the Extending Revolving Credit
Commitment Utilization Fee shall be determined based upon the applicable Leverage Ratio
recomputed as of the end of each fiscal quarter based on the Leverage Ratio as of such
quarter end and on the Corporate Credit Ratings as updated from time to time. Any increase
or decrease in the Extending Revolving Credit Commitment Utilization Fee computed as of a
quarter end shall be effective on the earlier of (i) the date on which the Compliance
Certificate evidencing such computation is due to be delivered under Section 7.3.3
[Certificate of Borrower], together with the financial statements related thereto required
to be delivered pursuant to Section 7.3.1 [Quarterly Financial Statements] or Section 7.3.2
[Annual Financial Statements], as the case may be or (2) the date on which the Corporate
Credit Rating of the Borrower is updated; provided, however; if the Borrower
shall fail to timely deliver the financial statements required to be delivered pursuant to
Section 7.3.1 [Quarterly Financial Statements] or 7.3.2 [Annual Financial Statements], as
the case may be, together with the duly executed Compliance Certificate required by Section
7.3.3 [Certificate of the Borrower], the Leverage Ratio for such date from and including the
date on which such statements are required to be delivered until the date on which such
financial statements
and related Compliance Certificate are delivered shall be deemed to be greater than
4.00 to 1.00.
2.3.3 Extending Revolving Credit Commitment Unused Fee.
Accruing from the Fourth Amendment Effective Date until the Extended Expiration Date,
the Borrower agrees to pay to the Administrative Agent for the account of each Extending
Bank, as consideration for such Extending Bank’s Extending Revolving Credit Commitment
hereunder, a nonrefundable Extending Revolving Credit Commitment unused fee (the
“Extending Revolving Credit Commitment Unused Fee”) equal to the applicable rate per
annum set forth below on the average daily difference between the amount of (i) such
Extending Bank’s Extending Revolving Credit Commitment as the same may be constituted from
time to time, and (ii) the sum of such Extending Bank’s Loans outstanding plus its Revolving
Credit Ratable Share of the Letters of Credit Outstanding.
| Corporate Credit Rating | Applicable Percentage | |||
If the Borrower’s Corporate Credit Rating from
(i)Standard & Poor’s is BB- or greater and (ii)
Xxxxx’x is Ba3 or greater. |
0.125 | % | ||
If the Borrower’s Corporate Credit Rating from
(i)Standard & Poor’s is less than BB- or (ii)
Xxxxx’x is less than Ba3. |
0.25 | % | ||
All Extending Revolving Credit Commitment Unused Fees shall be payable in arrears on
the first Business Day of each July, October, January and April after the date hereof and on
the Expiration Date or upon acceleration of the Loans.”
(ii) Clause (B) of the first paragraph of Section 2.9.1 [Issuance of Letters of Credit] is
hereby amended and restated in its entirely to read as follows:
“(B) in no event expire later than ten (10) Business Days prior to the Extended
Expiration Date and provided that in no event shall (i) the Letters of Credit
Outstanding with respect to all Letters of Credit exceed, at any one time, $700,000,000,
(ii) after giving effect to all such Letters of Credit, the Revolving Facility Usage exceed
the Revolving Credit Commitments, or (iii) the Letters of Credit Outstanding with respect to
all Letters of Credit having an expiration date on or after the Non-Extended Expiration
Date, exceed, at any time the Extending Revolving Credit Commitments.”
(iii) Section 2.10 [Right to Increase Commitments] is hereby amended and restated in its
entirely to read as follows:
“2.10 Right to Increase Commitments.
Provided that there is no Event of Default or Potential Default, if on or after the
Non-Extended Expiration Date, the Borrower wishes to increase the Revolving Credit
Commitments, the Borrower shall notify the Administrative Agent thereof, provided that
any such increase shall be in a minimum of $10,000,000 and, after giving effect to such
increase, the aggregate of all Revolving Credit Commitments shall not exceed $800,000,000.
The increased commitments shall be available to Banks and to any additional bank proposed by
the Borrower, which is approved by the Administrative Agent (which approval shall not be
unreasonably withheld) and allocated in such a manner as the Borrower, the Administrative
Agent and those increasing Banks and new banks shall agree, provided, however, that each new
bank shall become a party to this Agreement pursuant to Section 10.11 [Successors and
Assigns]. In the event of any such increase in the aggregate Revolving Credit Commitments
effected pursuant to the terms of this Section 2.10, new Revolving Credit Notes shall, to
the extent necessary, be executed and delivered by the Borrower in exchange for the
surrender of the existing Revolving Credit Notes. Without limiting the generality of
Section 7.1.12 [Collateral; Further Assurances], in the event the Borrower exercises its
rights under this Section 2.10, the Borrower shall and shall cause each Loan Party, at its
expense and within ninety (90) days following the date of the increase of the Revolving
Credit Commitments, to execute, deliver and record amendments to each Mortgage (with such
amendments to be in form and substance reasonably satisfactory to the Administrative Agent),
to reflect any such increase in the Revolving Credit Commitments as required by applicable
Law or as the Administrative Agent, in its reasonable discretion, may require.”
(iv) The following new Section 2.11 shall be inserted in Article 2 in numeric order:
“2.11 Extending Revolving Credit Commitments; Effect on Revolving Credit
Commitments.
2.11.1 Conversion of Revolving Credit Commitments By Certain Banks. With
respect to each Bank having a Revolving Credit Commitment as of the Fourth Amendment
Effective Date and electing to convert its Revolving Credit Commitment into an Extending
Revolving Credit Commitment as set forth on Schedule 1.1 (B), such Extending
Bank (by its signature to the Fourth Amendment) agrees to convert all of its Revolving
Credit Commitments into Extending Revolving Credit Commitments and commencing with the
Fourth Amendment Effective Date through the Extended Expiration Date shall make
Revolving Credit Loans to the Borrower in accordance with Article 2 [Revolving Credit
And Swing Loan Facilities] of this Agreement, subject to the terms and conditions of
this Agreement.
2.11.2 New Banks Issuing Extending Revolving Credit Commitments. With
respect to each financial institution desiring to join into the Credit Agreement and
issue an Extending Revolving Credit Commitment, such financial institution shall be
approved by the Administrative Agent (which approval shall not be unreasonably withheld)
and shall execute a joinder (acceptable to the Administrative Agent) and also execute
this Fourth Amendment agreeing to make Revolving Credit Loans to the Borrower up to its
Extending Revolving Credit Commitment (as indicated on Schedule 1.1 (B) to this
Agreement) commencing with the Fourth Amendment Effective Date through the Extended
Expiration Date in accordance with Article 2
[Revolving Credit And Swing Loan Facilities] of this Agreement, subject to the
terms and conditions of this Agreement.
2.11.3 Establishing Extending and Non-Extending Revolving Credit
Commitments. Schedule 1.1 (B) to the Agreement shall be amended and
restated by replacing it with Schedule 1.1 (B) to the Fourth Amendment.
Schedule 1.1 (B) reflects, as of the Fourth Amendment Effective Date after giving effect
to the Fourth Amendment, (i) the Revolving Credit Commitment of each Bank , (ii) the
aggregate amount of the Commitments, (iii) whether each Commitment is an Extending
Revolving Credit Commitment or Non-Extending Revolving Credit Commitment, and (iv) the
percentage of the total Commitments held by each Bank. Each Bank executing the Fourth
Amendment acknowledges and confirms and agrees to its Revolving Credit Commitment as set
forth on Schedule 1.1 (B), including whether such Revolving Credit Commitment is
an Extending Revolving Credit Commitment or Non-Extending Revolving Credit Commitment.
For the avoidance of doubt, the parties acknowledge that the Revolving Credit Commitment
of each Bank having a Revolving Credit Commitment, but not agreeing to make an Extending
Revolving Credit Commitment, shall continue in effect as a Non-Extending Revolving
Credit Commitment, and in the identical amount, subsequent to the Fourth Amendment
Effective Date.
2.11.4 Repayment of Outstanding Loans; Borrowing of New Loans.
(1) On the Fourth Amendment Effective Date, the Borrower shall repay all
Revolving Credit Loans outstanding on such date, subject to the Borrower’s indemnity
obligations under Section 4.5.2 [Indemnity]; provided that it may borrow new
Revolving Credit Loans as provided in Section 2.1.1 [Revolving Credit Loans] with a
Borrowing Date on the Fourth Amendment Effective Date. Each of the Banks shall
participate in any new Revolving Credit Loans made on or after the Fourth Amendment
Effective Date in accordance with their respective Revolving Credit Ratable Shares
as set forth on Schedule 1.1 (B); and
(2) On the Non-Extended Expiration Date, the Borrower shall repay all Revolving
Credit Loans outstanding on such date, together with any interest and fees
(including any and all Commitment Fees which have accrued on or before the Fourth
Amendment Effective Date, which fees shall be due and payable on the Fourth
Amendment Effective Date) associated therewith which are due and payable, subject to
the Borrower’s indemnity obligations under Section 4.5.2 [Indemnity]; provided that
the Borrower may borrow Revolving Credit Loans from the Extending Banks and each of
the Extending Banks shall participate in any such Revolving Credit Loans made on or
after the Non-Extended Expiration Date in accordance with their respective Revolving
Credit Ratable Shares as in effect after giving effect to expiration of the
Non-Extending Revolving Credit Commitments.”
2.11.5 Outstanding Letters of Credit.
(1) On the Fourth Amendment Effective Date, each Bank: (a) will be deemed to
have purchased a participation in each then outstanding Letter of Credit equal to
its Revolving Credit Ratable Share of each such Letter of Credit and the
participation of each other Bank in each such Letter of Credit shall be adjusted
accordingly and (b) will acquire, (and will pay to the Administrative Agent, for the
account of each Bank, in immediately available funds, an amount equal to) its
Revolving Credit Ratable Share of all outstanding Participation Advances after
giving effect to any changes in the Revolving Credit Ratable Share as a result of
any change in the Revolving Credit Commitments in connection with the Fourth
Amendment; and
(2) On the Non-Extended Expiration Date, each Extending Bank: (a) will be
deemed to have purchased a participation in each then outstanding Letter of Credit
equal to its Revolving Credit Ratable Share of each such Letter of Credit and the
participation of each other Extending Bank in each such Letter of Credit shall be
adjusted accordingly and (b) will acquire, (and will pay to the Administrative
Agent, for the account of each Extending Bank, in immediately available funds, an
amount equal to) its Revolving Credit Ratable Share of all outstanding Participation
Advances as in effect after giving effect to expiration of the Non-Extending
Revolving Credit Commitments; provided however, in no event shall the Extending
Banks’ outstanding Participation Advances exceed the Extending Revolving Credit
Commitments.”
(d) Section 4.4.5 [Mandatory Reduction of Commitments] is hereby amended as follows:
(A) The entire paragraph currently constituting Section 4.4.5 shall be
identified as subsection (A) of Section 4.4.5.
(B) The following new subsection (B) shall be inserted immediately after the
end Section 4.4.5(A):
“B. Commencing on the Non-Extended Expiration Date the Revolving Credit Commitments
shall be reduced to an amount equal to the aggregate amount of the Extending Revolving
Credit Commitments as adjusted to reflect the exercise by the Borrower of its rights under
Section 2.10 [Right to Increase Commitments]. On the Non-Extended Expiration Date the
Borrower shall repay all Revolving Credit Loans outstanding on such date, together with any
interest and fees associated therewith which are due and payable, subject to the Borrower’s
indemnity obligations under Section 4.5.2 [Indemnity]; provided that the Borrower may borrow
Revolving Credit Loans from the Extending Banks and each of the Extending Banks shall
participate in any such Revolving Credit Loans made on or after the Non-Extended Expiration
Date in accordance with their respective Revolving Credit Ratable Shares as in effect after
giving effect to expiration of the Non-Extending Revolving Credit Commitments.”
(e) Section 7.2.10 [Maximum Leverage Ratio] of the Credit Agreement is hereby amended and
restated in its entirely to read as follows:
“7.2.10 Maximum Leverage Ratio.
The Borrower shall not at any time permit the Leverage Ratio to exceed the ratio
set forth below for the periods specified below:
| Period | Ratio | |
the Fourth Amendment Effective Date through December 31, 2010
|
4.50 to 1.00 | |
January 1, 2011 through December 31, 2011
|
4.25 to 1.00 | |
Thereafter
|
4.00 to 1.00” |
(f) Commitments of Banks and Addresses for Notices. Schedule 1.1 (B) —
Commitments of Banks and Addresses for Notices of the Credit Agreement is hereby amended and
restated in its entirety as set forth on the schedule titled as Schedule 1.1 (B) —
Commitments of Banks and Addresses for Notices attached hereto.
3. Amendment to Collateral Agency and Sharing Agreement.
(a) From and after the Fourth Amendment Effective Date, the definition of “Swap Obligations”
contained in Section 1.1 of the Collateral Agency and Sharing Agreement is hereby amended by
replacing the word “Arch” in such definition with the phrase “any Loan Party”.
(b) From and after the Fourth Amendment Effective Date, Section 2.2 (a) of the Collateral
Agency and Sharing Agreement is hereby amended and restated in its entirely to read as follows:
“(a) Generally. A Bank-Provided Interest Rate Hedge entered into by Arch or a
Commodity Hedge entered into by the Loan Parties shall constitute a “Swap Agreement” entitled to
the benefit of this Agreement and the counterparty to such agreement shall constitute a “Swap
Party,” provided, however, that any Commodity Hedge that is not a Bank-Provided Commodity Hedge
shall constitute a “Swap Agreement” entitled to the benefit of this Agreement and the counterparty
to such agreement shall constitute a “Swap Party” if and only if the Collateral Agent has received
a Swap Party Supplement, in form and substance satisfactory to the Collateral Agent, executed by
the counterparty in substantially the form of Annex A hereto, duly completed, and consented
to by the Administrative Agent and Arch, pursuant to which such counterparty shall agree to become
party hereto and bound hereby as a “Swap Party,” and pursuant to which a particular Commodity Hedge
is designated as a “Swap Agreement,” provided further such Commodity Hedge (a copy of which shall
be attached to the Swap Party Supplement) is documented in a standard International Swap Dealer
Association Agreement or such other standard trading documentation and provides for the method of
calculating the reimbursable amount of the provider’s credit exposure in a reasonable and customary
manner. If an Event of Default has occurred and is continuing, the Administrative Agent may grant
or
withhold such consent in its discretion, subject to any obligation it may have under the other
Secured Party Documents to which it is party, to grant or withhold such designation.”
4. Conditions of Effectiveness of Amendments and Consent.
The effectiveness of this Amendment is expressly conditioned upon satisfaction of each of the
following conditions precedent:
(a) Execution and Delivery of Amendment. The Borrower, the other Loan Parties, the
Required Banks, and the Administrative Agent shall have received approval to execute and shall have
executed this Amendment, and all other documentation necessary for effectiveness of this Amendment
shall have been executed and delivered all to the satisfaction of the Borrower, the Required Banks
and the Administrative Agent.
(b) Extension of Revolving Credit Commitments. Solely with respect to the amendments
to the Credit Agreement relating to Extending Revolving Credit Commitments, the Banks (including
new financial institutions, if any, agreeing to join into the Credit Agreement in connection with
the Fourth Amendment) shall have agreed to provide no less than $400,000,000 in the aggregate of
Extending Revolving Credit Commitments; provided however that if less than $400,000,000 of
Extending Revolving Credit Commitments have been offered to the Borrower, on the date hereof, the
Borrower shall have the option to waive this condition precedent and all other amendments contained
in this Fourth Amendment (excluding those amendments related to the Extending Revolving Credit
Commitments) shall become effective. For the avoidance of doubt, the amendment to Section 7.2.10
[Maximum Leverage Ratio] of the Credit Agreement contained herein shall become effective upon
Required Lender approval if less than $400,000,000 of Extending Revolving Credit Commitments are
offered to the Borrower and the Borrower elects to close the Fourth Amendment without accepting the
Extending Revolving Credit Commitments.
(c) Officer’s Certificate.
The representations and warranties of the Borrower contained in Section 5 of the Credit
Agreement including as amended by the modifications and additional representations and warranties
of this Amendment, and of each Loan Party in each of the other Loan Documents shall be true and
accurate on and as of the date hereof with the same effect as though such representations and
warranties had been made on and as of such date (except representations and warranties which relate
solely to an earlier date or time, which representations and warranties shall be true and correct
on and as of the specific dates or times referred to therein), and each of the Loan Parties shall
have performed and complied with all covenants and conditions hereof and thereof, no Event of
Default or Potential Default shall have occurred and be continuing or shall exist; and there shall
be delivered to the Administrative Agent for the benefit of each Bank a certificate of the Borrower
dated the date hereof and signed by the Chief Executive Officer, President, Treasurer or Chief
Financial Officer of the Borrower to each such effect.
(d) Secretary’s Certificate.
There shall be delivered to the Administrative Agent for the benefit of each Bank a
certificate dated the date hereof and signed by the Secretary or an Assistant Secretary of each of
the Loan Parties, certifying as appropriate as to:
(1) all action taken by each Loan Party in connection with this Amendment and the other
Loan Documents;
(2) the names of the officer or officers authorized to sign this Amendment and the
other Loan Documents and the true signatures of such officer or officers and specifying the
Authorized Officers permitted to act on behalf of each Loan Party for purposes of this
Amendment and the true signatures of such officers, on which the Administrative Agent and
each Bank may conclusively rely; and
(3) copies of its organizational documents, including its certificate of incorporation
and bylaws, certificate of limited partnership and limited partnership agreement or limited
liability company certificate and operating agreement, as the case may be, as in effect on
the date hereof and, in the case of the certificate of incorporation of the Borrower,
certified by the appropriate state official where such document is filed in a state office,
together with certificates from the appropriate state officials as to the continued
existence and good standing of the Borrower in the state of its formation and the state of
its principal place of business.
(e) Opinions of Counsel.
There shall be delivered to the Administrative Agent for the benefit of each Bank a written
opinion of K&L Gates LLP (who may rely on the opinions of such other counsel as may be acceptable
to the Administrative Agent) and a written opinion of Xxxxxxx X. Xxxxxxxxx, counsel for the Loan
Parties (who may rely on the opinions of such other counsel as may be acceptable to the
Administrative Agent), each dated the date hereof and in form and substance satisfactory to the
Administrative Agent and its counsel as to such matters incident to the transactions contemplated
herein as the Administrative Agent may reasonably request.
(f) No Actions or Proceedings.
No action, proceeding, investigation, regulation or legislation shall have been instituted,
threatened or proposed before any court, governmental agency or legislative body to enjoin,
restrain or prohibit, or to obtain damages in respect of, this Amendment, the other Loan Documents
or the consummation of the transactions contemplated hereby or thereby or which, in the
Administrative Agent’s sole discretion, would make it inadvisable to consummate the transactions
contemplated by this Amendment or any of the other Loan Documents.
(g) Payment of Fees.
The Borrower shall pay or cause to be paid to the Administrative Agent for itself and for the
account of the Banks (i) all fees set forth in that certain fee letter dated August 3, 2009,
between the Administrative Agent and the Borrower, (ii) all fees set forth in that Summary of
Amended Terms and Conditions dated August 2, 2009, between the Administrative Agent and the
Borrower, and (iii) all other fees, costs and expenses payable to the Administrative Agent or any
Bank or for which the Administrative Agent or any Bank is entitled to be reimbursed, including but
not limited to the fees and expenses of the Administrative Agent’s legal counsel.
(h) Consents.
All material consents required to effectuate the transactions contemplated by this Amendment
and the other Loan Documents and shall have been obtained.
(i) Financial Projections.
There shall have been delivered to the Administrative Agent for the benefit of each Banks
copies of the financial projections of the Borrower and its Subsidiaries, including a balance
sheet, income statement, statement of cash flows and assumptions used to prepare such projections,
for the period commencing January 1, 2009 through and including March 31, 2013, which shall all be
satisfactory to the Administrative Agent.
(j) Confirmation of Guaranty.
Each of the Guarantors confirms that they have read and understand the Amendment. In order to
induce the Banks, the Administrative Agent and the other Agents to enter into the Amendment, each
of the Guarantors: (i) consents to the Amendment and the transactions contemplated thereby; (ii)
ratifies and confirms each of the Loan Documents to which it is a party; (iii) ratifies, agrees and
confirms that it has been a Guarantor and a Loan Party at all times since it became a Guarantor and
a Loan Party and from and after the date hereof, each Guarantor shall continue to be a Guarantor
and a Loan Party in accordance with the terms of the Loan Documents, as the same may be amended in
connection with the Amendment and the transactions contemplated thereby; and (iv) hereby ratifies
and confirms its obligations under each of the Loan Documents (including all exhibits and schedules
thereto), as the same may be amended in connection with the Amendment and the transactions
contemplated thereby, by signing below as indicated and hereby acknowledges and agrees that nothing
contained in any of such Loan Documents is intended to create, nor shall it constitute an
interruption, suspension of continuity, satisfaction, discharge of prior duties, novation or
termination of the indebtedness, loans, liabilities, expenses, guaranty or obligations of any of
the Loan Parties under the Credit Agreement, the Collateral Agency and Sharing Agreement or any
other such Loan Document
(k) Legal Details.
All legal details and proceedings in connection with the transactions contemplated by this
Amendment and the other Loan Documents shall be in form and substance satisfactory to the
Administrative Agent and counsel for the Administrative Agent, and the Administrative Agent shall
have received all such other counterpart originals or certified or other copies of such documents
and proceedings in connection with such transactions, in form and substance satisfactory to the
Administrative Agent and its counsel, as the Administrative Agent or its counsel may reasonably
request.
5. Force and Effect.
Except as otherwise expressly modified by this Amendment, the Credit Agreement, the Collateral
Agency and Sharing Agreement and the other Loan Documents are hereby ratified and confirmed and
shall remain in full force and effect after the date hereof.
6. Governing Law.
This Amendment shall be deemed to be a contract under the Laws of the Commonwealth of
Pennsylvania and for all purposes shall be governed by and construed and enforced in accordance
with the internal laws of the Commonwealth of Pennsylvania without regard to its conflict of laws
principles.
7. Effective Date; Certification of the Borrower.
This Amendment shall be dated as of and shall be binding, effective and enforceable upon the
date of (i) satisfaction of all conditions set forth in Section 4 hereof and (ii) receipt by the
Administrative Agent of duly executed original counterparts of this Amendment from the Borrower and
all Banks, and from and after such date this Amendment shall be binding upon the Borrower, each
Bank and the Agents, and their respective successors and assigns permitted by the Credit Agreement.
The Borrower by executing this Amendment, hereby certifies that this Amendment has been duly
executed and that as of the date hereof no Event of Default or Potential Default exists under the
Credit Agreement or the other Loan Documents.
8. No Novation.
This Amendment amends the Credit Agreement and the Collateral Agency and Sharing Agreement,
but is not intended to constitute, and does not constitute, a novation of the Obligations of the
Loan Parties under the Credit Agreement, Collateral Agency and Sharing Agreement or any other Loan
Document.
[Signature Page Follows]
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have
executed this Amendment to Credit Agreement as of the day and year first above written.
| ARCH COAL, INC. | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxxxxxx
|
|||||
| Title: | Treasurer | |||||
| ALLEGHENY LAND COMPANY | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxxxxxx
|
|||||
| Title: | Vice President and Treasurer | |||||
| ARCH COAL SALES COMPANY, INC. | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxxxxxx
|
|||||
| Title: | Vice President and Treasurer | |||||
| ARCH COAL TERMINAL, INC. | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxxxxxx
|
|||||
| Title: | Vice President and Treasurer | |||||
| ARCH ENERGY RESOURCES, LLC | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxxxxxx
|
|||||
| Title: | Vice President and Treasurer | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| ARCH RECLAMATION SERVICES, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| ARK LAND COMPANY | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| ARK LAND KH, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| ARK LAND WR, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| ASHLAND TERMINAL, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| CATENARY COAL HOLDINGS, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| COAL-MAC, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| CUMBERLAND RIVER COAL COMPANY | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| LONE MOUNTAIN PROCESSING, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| XXXXX XXXXX COAL COMPANY | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| MOUNTAIN GEM LAND, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| MOUNTAIN MINING, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| MOUNTAINEER LAND COMPANY | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| PRAIRIE HOLDINGS, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
| WESTERN ENERGY RESOURCES, INC. | ||||||
| By: | /s/ Xxxxx X. Xxxxxxxx | |||||
| Name: Xxxxx X. Xxxxxxxx | ||||||
| Title: Vice President and Treasurer | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| BANK LEUMI USA | ||||||
| By: | /s/ Xxxxx Xxx Hong | |||||
| Name: Xxxxx Xxx Hong | ||||||
| Title: First Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| BANK OF AMERICA, N.A. (as successor by merger to Fleet National Bank and LaSalle Bank National Association), individually and as Documentation Agent |
||||||
| By: | /s/ Xxxx X. Xxx | |||||
| Name: Xxxx X. Xxx | ||||||
| Title: Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| BANK OF MONTREAL | ||||||
| By: | /s/ Xxx X. Xxxxxxx | |||||
| Name: Xxx X. Xxxxxxx | ||||||
| Title: Director | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| CALYON NEW YORK BRANCH | ||||||
| By: | /s/ Xxxxx Xxxxxx | |||||
| Name: Xxxxx Xxxxxx | ||||||
| Title: Managing Director | ||||||
| By: | /s/ Xxxxxx X. Xxxxxxx | |||||
| Name: Xxxxxx X. Xxxxxxx | ||||||
| Title: Director | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| CITICORP USA, INC., individually and as Syndication Agent | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||||
| Name: Xxxxxxx X. Xxxxxxx | ||||||
| Title: Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| COMMERCE BANK, N.A. | ||||||
| By: | /s/ Xxxxxxx X. Best | |||||
| Name: Xxxxxxx X. Best | ||||||
| Title: Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| JPMORGAN CHASE BANK, N.A., individually and as Syndication Agent |
||||||
| By: | /s/ Xxxxxx Xxxxxx | |||||
| Name: Xxxxxx Xxxxxx | ||||||
| Title: Executive Director | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| MIZUHO CORPORATE BANK, LTD. | ||||||
| By: | /s/ Xxxx Mo | |||||
| Name: Xxxx Mo | ||||||
| Title: Authorized Signatory | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| XXXXXX XXXXXXX BANK | ||||||
| By: | /s/ Xxxxxxx Xxxxxxxx | |||||
| Name: Xxxxxxx Xxxxxxxx | ||||||
| Title: Authorized Signatory | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| NATIXIS | ||||||
| By: | /s/ Xxxxxx X. Xxxxxxxxx | |||||
| Name: Xxxxxx X. Xxxxxxxxx | ||||||
| Title: Director | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||||
| Name: Xxxxxxx X. Xxxxxxx | ||||||
| Title: Senior Managing Director | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| NATIONAL CITY BANK | ||||||
| By: | /s/ Xxxxxxx Xxxxx | |||||
| Name: Xxxxxxx Xxxxx | ||||||
| Title: Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| PNC BANK, NATIONAL ASSOCIATION, individually, as Administrative Agent and as Collateral Agent | ||||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||||
| Name: Xxxxxxx X. Xxxxxxx | ||||||
| Title: Senior Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| REGIONS BANK | ||||||
| By: | /s/ Xxxxx X. Xxxx | |||||
| Name: Xxxxx X. Xxxx | ||||||
| Title: Vice President | ||||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| SOVEREIGN BANK | ||||||
| By: | /s/ Xxxxxx X. Xxxxxxx
|
|||||
| Name: | Xxxxxx X. Xxxxxxx | |||||
| Title: | Senior Vice President | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| SOUTHWEST BANK, AN M&I BANK | ||||||
| By: Name: |
/s/ Xxx X. Xxxxxx
|
|||||
| Title: | Senior Vice President | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| THE BANK OF NEW YORK MELLON | ||||||
| By: Name: |
/s/ Xxxxxxx X. Xxxxxxxxx, Xx.
|
|||||
| Title: | Vice President | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| THE ROYAL BANK OF SCOTLAND PLC | ||||||
| By: Name: |
/s/ Xxxxxxxx Dundee
|
|||||
| Title: | Managing Director | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| UBS LOAN FINANCE LLC | ||||||
| By: Name: |
/s/ Xxxx X. Xxxx
|
|||||
| Title: | Associate Director | |||||
| By: Name: |
/s/ Xxxx X. Xxxxx
|
|||||
| Title: | Associate Director | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| UMB BANK, N.A. | ||||||
| By: Name: |
/s/ Xxxxx X. Xxxx
|
|||||
| Title: | Executive Vice President | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| UNION BANK, N.A. (formerly known as Union Bank of California, N.A.) |
||||||
| By: Name: |
/s/ Xxxxxxxx Xxxxxxx
|
|||||
| Title: | Vice President | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| US BANK NATIONAL ASSOCIATION | ||||||
| By: Name: |
/s/ Xxxx X. Xxxxxxx
|
|||||
| Title: | Portfolio Manager | |||||
[SIGNATURE PAGE TO FOURTH AMENDMENT TO CREDIT AGREEMENT AND
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
AMENDMENT TO COLLATERAL AGENCY AND SHARING AGREEMENT]
| WACHOVIA BANK,
NATIONAL ASSOCIATION, individually and as Syndication Agent |
||||||
| By: Name: |
/s/ Xxxxxxxx X. Xxxxxxxxxx
|
|||||
| Title: | Senior Vice President | |||||
SCHEDULE 1.1 (B)
COMMITMENTS OF BANKS AND ADDRESSES FOR NOTICES
ARCH COAL, INC. CREDIT FACILITY
Part 1 — Commitments of Banks and Addresses for Notices to Banks
| Non-Extending | ||||||||||||||||||
| Revolving Credit | Extending Revolving | Revolving Credit | ||||||||||||||||
| Bank | Commitments | Credit Commitments | Total Commitments | Ratable Share | ||||||||||||||
Name:
|
BANK LEUMI USA | $ | 0 | $ | 25,000,000.00 | $ | 25,000,000.00 | 2.906976744 | % | |||||||||
Address:
|
000 Xxxxx Xxxxxx, 0xx Xxxxx | |||||||||||||||||
| Xxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx Xxx Hong, Vice President | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
BANK OF AMERICA, N.A. | $ | 0 | $ | 80,750,000.00 | $ | 80,750,000.00 | 9.389534884 | % | |||||||||
Address:
|
IL-231-10-35 | |||||||||||||||||
| 000 X Xx Xxxxx Xxxxxx | ||||||||||||||||||
| Xxxxxxx, Xxxxxxxx 00000 | ||||||||||||||||||
Attention:
|
Xxxx Xxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
BANK OF MONTREAL | $ | 0 | $ | 30,000,000.00 | $ | 30,000,000.00 | 3.488372093 | % | |||||||||
Address:
|
Attention: Xxx Xxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
CALYON NEW YORK BRANCH | $ | 0 | $ | 50,000,000.00 | $ | 50,000,000.00 | 5.813953488 | % | |||||||||
Address:
|
Calyon Chicago Branch | |||||||||||||||||
| 000 X. Xxxxxx Xxxxxx | ||||||||||||||||||
| Xxxxx 0000 | ||||||||||||||||||
| Xxxxxxx, XX 00000-0000 | ||||||||||||||||||
Attention:
|
Xxx Xxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(312-641) 0527 | |||||||||||||||||
Name:
|
CITICORP USA, INC. | $ | 0 | $ | 62,000,000.00 | $ | 62,000,000.00 | 7.209302326 | % | |||||||||
Address:
|
000 Xxxxxxxxx Xxxxxx | |||||||||||||||||
| 00xx Xxxxx | ||||||||||||||||||
| Xxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxxx Xxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
COMMERCE BANK N.A. | $ | 0 | $ | 10,000,000.00 | $ | 10,000,000.00 | 1.162790698 | % | |||||||||
Address:
|
0000 Xxxxxxx Xxxx. | |||||||||||||||||
| Xx. Xxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxx Best | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
| Non-Extending | ||||||||||||||||||
| Revolving Credit | Extending Revolving | Revolving Credit | ||||||||||||||||
| Bank | Commitments | Credit Commitments | Total Commitments | Ratable Share | ||||||||||||||
Name:
|
JPMORGAN CHASE BANK, N.A. | $ | 0 | $ | 52,000,000.00 | $ | 52,000,000.00 | 6.046511628 | % | |||||||||
Address:
|
000 Xxxx Xxxxxx | |||||||||||||||||
| 0xx Xxxxx | ||||||||||||||||||
| Xxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxx Xxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
MIZUHO CORPORATE BANK, LTD. | $ | 40,000,000.00 | $ | 0 | $ | 40,000,000.00 | 4.651162791 | % | |||||||||
Address:
|
0000 Xxxxxx xx xxx Xxxxxxxx | |||||||||||||||||
| Xxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxx Mo, Vice President | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
XXXXXX XXXXXXX BANK | $ | 0 | $ | 50,000,000.00 | $ | 50,000,000.00 | 5.813953488 | % | |||||||||
Address:
|
One Utah Center | |||||||||||||||||
| 000 Xxxxx Xxxx Xxxxxx | ||||||||||||||||||
| 0xx Xxxxx | ||||||||||||||||||
| Xxx Xxxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Documentation Group | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
||||||||||||||||||
Name:
|
PNC BANK, NATIONAL ASSOCIATION | $ | 0 | $ | 52,000,000.00 | $ | 52,000,000.00 | 6.046511628 | % | |||||||||
Address:
|
One PNC Plaza | |||||||||||||||||
| 000 Xxxxx Xxxxxx | ||||||||||||||||||
| Xxxxx Xxxxx | ||||||||||||||||||
| Xxxxxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxxx Xxxxxxx, Senior Vice President | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
NATIONAL CITY BANK, now a Part of PNC Bank, National Association | $ | 0 | $ | 35,000,000.00 | $ | 35,000,000.00 | 4.069767442 | % | |||||||||
Address:
|
000 Xxxxx Xxxxxxx Xxxxxx | |||||||||||||||||
| Locator 56 - SL-WB08 | ||||||||||||||||||
| Xxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx Xxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
| Non-Extending | ||||||||||||||||||
| Revolving Credit | Extending Revolving | Revolving Credit | ||||||||||||||||
| Bank | Commitments | Credit Commitments | Total Commitments | Ratable Share | ||||||||||||||
Name:
|
NATIXIS | $ | 0 | $ | 20,000,000.00 | $ | 20,000,000.00 | 2.325581395 | % | |||||||||
Address:
|
000 Xxxx Xxxxxx | |||||||||||||||||
| Xxxxx 0000 | ||||||||||||||||||
| Xxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxx X. Xxxxxxxxx | |||||||||||||||||
Telephone:
|
||||||||||||||||||
Telecopy:
|
||||||||||||||||||
Name:
|
REGIONS BANK | $ | 0 | $ | 35,000,000.00 | $ | 35,000,000.00 | 4.069767442 | % | |||||||||
Address:
|
0000 Xxxxxxxx Xxxxxx | |||||||||||||||||
| Xxxxx 0000 | ||||||||||||||||||
| Xx. Xxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx Xxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
SOVEREIGN BANK | $ | 0 | $ | 35,000,000.00 | $ | 35,000,000.00 | 4.069767442 | % | |||||||||
Address:
|
00 Xxxxx Xxxxxx, 0xx Xxxxx | |||||||||||||||||
| Xxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxx Xxxxxxx | |||||||||||||||||
Telephone:
|
||||||||||||||||||
Telecopy:
|
||||||||||||||||||
Name:
|
SOUTHWEST BANK, an M&I Bank | $ | 0 | $ | 20,000,000.00 | $ | 20,000,000.00 | 2.325581395 | % | |||||||||
Address:
|
00000 Xxxxxxxxxx Xxxx | |||||||||||||||||
| 0xx Xxxxx | ||||||||||||||||||
| Xx. Xxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx Xxxxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
THE BANK OF NEW YORK MELLON | $ | 35,000,000.00 | $ | 0 | $ | 35,000,000.00 | 4.069767442 | % | |||||||||
Address:
|
0 Xxxx Xxxxxx, 00xx xxxxx | |||||||||||||||||
| Xxx Xxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxxx Xxxxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
THE ROYAL BANK OF SCOTLAND PLC | $ | 0 | $ | 55,000,000.00 | $ | 55,000,000.00 | 6.395348837 | % | |||||||||
Address:
|
000 Xxxxxx Xxxxxx | |||||||||||||||||
| Xxxxx 0000 | ||||||||||||||||||
| Xxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxx Xxxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000 0000 | |||||||||||||||||
Telecopy:
|
||||||||||||||||||
| Non-Extending | ||||||||||||||||||
| Revolving Credit | Extending Revolving | Revolving Credit | ||||||||||||||||
| Bank | Commitments | Credit Commitments | Total Commitments | Ratable Share | ||||||||||||||
Name:
|
UBS LOAN FINANCE LLC | $ | 22,500,000.00 | $ | 0 | $ | 22,500,000.00 | 2.616279070 | % | |||||||||
Address:
|
UBS Investment Bank | |||||||||||||||||
| 000 Xxxxxxxxxx Xxxx. 0-Xxxxx | ||||||||||||||||||
| Xxxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx Xxxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
UMB BANK, N.A. | $ | 0 | $ | 15,000,000.00 | $ | 15,000,000.00 | 1.744186047 | % | |||||||||
Address:
|
0 Xxxxx Xxxxxxxx | |||||||||||||||||
| Xx. Xxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxx X. Xxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
||||||||||||||||||
Name:
|
UNION BANK, N.A. | $ | 0 | $ | 40,000,000.00 | $ | 40,000,000.00 | 4.651162791 | % | |||||||||
Address:
|
000 Xxxxx Xxxxxxxx Xxxxxx, 00xx Xxxxx | |||||||||||||||||
| Xxx Xxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxxxx Xxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
US BANK NATIONAL ASSOCIATION | $ | 0 | $ | 45,000,000.00 | $ | 45,000,000.00 | 5.232558140 | % | |||||||||
Address:
|
One US Bank Plaza | |||||||||||||||||
| TRAM SL-MO-T12M | ||||||||||||||||||
| Seventh and Washington | ||||||||||||||||||
| Xxxxx Xxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxx Xxxxxxx | |||||||||||||||||
Telephone:
|
||||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
Name:
|
WACHOVIA BANK, NATIONAL ASSOCIATION | $ | 0 | $ | 50,750,000.00 | $ | 50,750,000.00 | 5.90116279 | % | |||||||||
Address:
|
000 Xxxxx Xxxxxxxxx Xxxxxx | |||||||||||||||||
| 0xx Xxxxx | ||||||||||||||||||
| Xxxxxxx, XX 00000 | ||||||||||||||||||
Attention:
|
Xxxxxxxx X. Xxxxxxxxxx | |||||||||||||||||
Telephone:
|
(000) 000-0000 | |||||||||||||||||
Telecopy:
|
(000) 000-0000 | |||||||||||||||||
TOTAL
|
$ | 97,500,000.00 | $ | 762,500,000.00 | $ | 860,000,000.00 | 100 | % | ||||||||||
Part 2 — Addresses for Notices to Administrative Agent and to Borrower:
| ADMINISTRATIVE AGENT: | ||
Name:
|
PNC Bank, National Association | |
Address:
|
One PNC Plaza, Third Floor | |
| 000 Xxxxx Xxxxxx | ||
| Xxxxxxxxxx, XX 00000 | ||
Attention:
|
Xxxxxxx Xxxxxxx, Senior Vice President | |
Telephone:
|
(000) 000-0000 | |
Telecopy:
|
(000) 000-0000 | |
Name:
|
PNC Bank, National Association | |
Address:
|
Agency Services | |
| PNC Firstside Center, 4th Floor | ||
| P7-PFSC-04-I | ||
| 000 Xxxxx Xxxxxx | ||
| Xxxxxxxxxx, XX 00000 | ||
Attention:
|
Xxxx Xxxxxx, Manager | |
Telephone:
|
(000) 000-0000 | |
Telecopy:
|
(000) 000-0000 | |
| BORROWER: | ||
Name:
|
Arch Coal, Inc. | |
Address:
|
Xxx Xxxx Xxxxx Xxxxx, Xxxxx 000 | |
| Xx. Xxxxx, XX 00000 | ||
Attention:
|
Xxxxx X. Xxxxxxxx | |
Telephone:
|
(000) 000-0000 | |
Telecopy:
|
(000) 000-0000 | |
