August 18, 1994
Chemical Bank
270 Park Avenue
New York, New York 10017
Attention: Mr. Robert Gillham
The Boatmen's National Bank of St. Louis
One Boatmen's Plaza
800 Market Street
St. Louis, MO 63166-0236
Attention: Mr. Thomas Guyton
Mercantile Bank of St. Louis National Association
Eighth & Locust, 12th Floor
P.O. Box 524
St. Louis, MO 63101
Attention: Mr. Edward Cheney
Ladies and Gentlemen:
Re: Amendment and Further Extension of line of credit
agreement Dated October 18, 1993, as amended and
extended by letter of Amendment and Extension dated
April 18, 1994, among Laclede Gas Company ("Laclede"),
Chemical Bank ("Chemical"), The Boatmen's National
Bank of St. Louis ("Boatmen's") and Mercantile Bank of
St. Louis National Association ("Mercantile") (said
banks being hereinafter collectively called the
"Banks" and said line of credit agreement, as thus
amended and extended, being hereinafter called the
"Line of Credit Agreement").
This amendatory agreement will confirm our agreement to
further amend and extend the above-referenced Line of Credit
Agreement from August 18, 1994 to October 18, 1994 on the same
terms and conditions set forth in the original Line of Credit
Agreement, subject only to the modifications expressly set forth
in numbered Paragraphs 1 through 6 below, each of which
Paragraphs shall be effective on August 18, 1994.
1. New Maximum Amounts of Advances. The combined
aggregate principal amount of Advances at any time out-
standing from any Bank under the Line of Credit Agreement
shall not, on or after August 18, 1994, exceed the amount
set forth opposite the name of such Bank below (such Bank's
"Maximum Amount"), and shall be in a combined aggregate
principal amount at any time outstanding which shall not
exceed $40 million:
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Chemical Bank
The Boatmen's National Bank of St. Louis
Mercantile Bank of St. Louis National Association
August 18, 1994
2
Name of Bank Maximum Amount
Chemical $20 million
Boatmen's 10 million
Mercantile 10 million
2. New Termination Date. The phrase "Termination
Date" as defined in the Line of Credit Agreement is hereby
amended from August 18, 1994 to October 18, 1994. According-
ly, all references in the Line of Credit Agreement to the
Termination Date shall hereafter refer to October 18, 1994.
3. Interest on LIBO Rate Advances. The interest
rate, in the case of each LIBO Rate Advance made on or
after August 18, 1994 shall be determined by the LIBO Rate
applicable to the Interest Period in effect for such
advance plus 1/4% per annum.
4. Facility Fee. The Facility Fee for the period
August 18, 1994 to October 18, 1994 shall be .08% per annum
on the Maximum Amount of such Bank, whether used or unused.
5. New Form of Note. Each executed Note in the form
of Exhibit A to the Line of Credit Agreement, as previously
amended, as to which no sums are then due and payable
thereunder shall be returned to Laclede immediately for
cancellation, upon the holder Bank's receipt of an executed
Note to that Bank in the form attached as Exhibit A to this
amendatory agreement.
6. Absence of Material Adverse Change. The making
of Advances under the Line of Credit Agreement as amended
by this letter agreement is also subject to the absence of
any material adverse change since March 31,1994, in the
financial condition of Laclede.
7. Ratification of Remainder of Line of Credit
Agreement. Subject only to the amendments expressly set
forth in numbered Paragraphs 1 through 6 above, the Line of
Credit Agreement is hereby ratified, confirmed and approved
in all respects.
98
Chemical Bank
The Boatmen's National Bank of St. Louis
Mercantile Bank of St. Louis National Association
August 18, 1994
3
Please indicate your acceptance of the terms of this
amendatory agreement by signing in the appropriate space below
and returning to Laclede Gas Company the enclosed duplicate of
the original of this letter. This letter may be executed in
counterparts, each of which shall be an original, and all of
which when taken together, shall constitute one agreement which
shall extend and amend the Line of Credit Agreement as
hereinbefore provided.
Very truly yours,
LACLEDE GAS COMPANY
By: Vernon O. Steinberg
Name: Vernon O. Steinberg
Title: Vice President-Treasurer
and Assistant Secretary
Accepted and Agreed to as of
the date first written above.
CHEMICAL BANK
By: Beth Herman
Name: Beth Herman
Title: Vice President
THE BOATMEN'S NATIONAL BANK OF ST. LOUIS
By: Thomas C. Guyton
Name: Thomas C. Guyton
Title: Vice President
MERCANTILE BANK OF ST. LOUIS NATIONAL ASSOCIATION
By: Edward A. Cheney
Name: Edward A. Cheney
Title: Vice President
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