CREDIT AGREEMENTCredit Agreement • June 10th, 2010 • American States Water Co • Water supply • California
Page Article 1. DEFINITIONS AND ACCOUNTING TERMS 1 1.1 Defined Terms 1 1.2 Use of Defined Terms 27 1.3 Accounting Terms; Covenant Calculations 27 1.4 Rounding 27 1.5 Exhibits and Schedules 28 1.6 References to "Borrower and its Subsidiaries" 28 1.7 Miscellaneous Terms 28 Article 2. ADVANCES AND LETTERS OF CREDIT 29 2.1 Advances-General 29 2.2 Alternate Base Rate Advances 30 2.3 Eurodollar Rate Advances 30 2.4 Conversion and Continuation of Advances 31 2.5 Letters of Credit 32 2.6 Termination or Reduction of the Commitments 36 2.7 Administrative Agent's Right to Assume Funds Available for Advances 37 2.8 Swing Line 37 2.9 Adjusting Purchase Payments 39 Article 3. PAYMENTS AND FEES 41 3.1 Principal and Interest 41 3.2 Unused Revolving Facility Commitment Fee 42 3.3 Closing Fees; Arrangement Fee; Agency Fee etc. 42 3.4 Letter of Credit Fees 43 3.5 Increased Commitment Costs 43 3.6 Eurodollar Costs and Related Matters 44 3.7 Late Payments and Default Rate 47 3.8 Computation of Interest and
