EXHIBIT 4(f)(2)
FIRST AMENDMENT TO CREDIT AGREEMENT
FIRST AMENDMENT, dated as of December 5, 2002 (this
"Amendment"), to the $3,850,000,000 Amended and Restated Credit Agreement, dated
as of October 10, 2002 (as heretofore amended, supplemented or otherwise
modified, the "Credit Agreement"), among, CENTERPOINT ENERGY, INC., a Texas
corporation ("Borrower"), the banks and other financial institutions from time
to time parties thereto (the "Banks"), CITIBANK, N.A., as syndication agent (in
such capacity, the "Syndication Agent"), and JPMORGAN CHASE BANK, as
administrative agent (in such capacity, the "Administrative Agent").
W I T N E S S E T H :
WHEREAS, Borrower, the Banks, the Syndication Agent, and the
Administrative Agent are parties to the Credit Agreement; and
WHEREAS, Borrower has requested that the Banks agree to amend
certain provisions contained in the Credit Agreement, and the Banks and the
Administrative Agent are agreeable to such request upon the terms and subject to
the conditions set forth herein.
NOW, THEREFORE, in consideration of the premises herein
contained and for other good and valuable consideration, the receipt of which is
hereby acknowledged, the parties hereto agree as follows:
1. Defined Terms. Unless otherwise defined herein,
capitalized terms used herein which are defined in the Credit Agreement are used
herein as therein defined.
2. Amendment to Definition of Genco Transaction in
Section 1.1. The definition of "Genco Transaction" is hereby amended as follows:
""Genco Transaction" means up to 20% of the common stock of
Texas Genco Holdings, Inc. is (i) issued and sold in an initial public
offering of such stock or (ii) distributed by the Borrower to its
shareholders, or as a result of some combination thereof or pursuant to
some other issuance up to 20% of the common stock of Texas Genco
Holdings, Inc. is listed for trading on a national stock exchange or
automated quotation system. Without limiting the foregoing, the Genco
Transaction shall be deemed to include the distribution of up to 20% of
the common stock of Texas Genco Holdings, Inc. to the Borrower by a
Significant Subsidiary.".
3. Amendment to Section 8.2 of the Credit Agreement
(Negative Covenants). Section 8.2 of the Credit Agreement is hereby amended by
amending paragraph (f) thereof by (1) deleting "and" at the end of clause (y)
subclause (b) thereof and substituting in lieu thereof a comma, (2) deleting the
period at the end of subclause (c) thereof and substituting in lieu thereof ",
and" and (3) adding at the end thereof immediately after subclause (c) a new
subclause as follows:
"(d) the Borrower may make non-cash Restricted
Payments as contemplated by the definition of the Genco
Transaction.".
4. Conditions to Effectiveness. This Amendment shall
become effective as of the date set forth above upon satisfaction of the
following conditions precedent:
(a) The Administrative Agent shall have received
counterparts of this Amendment executed by Borrower and the Majority
Banks in accordance with Section 11.1 of the Credit Agreement; and
(b) All corporate and other proceedings, and all
documents, instruments and other legal matters in connection with this
Amendment shall be in form and substance reasonably satisfactory to the
Administrative Agent.
5. Reference to and Effect on the Loan Documents;
Limited Effect. On and after the date hereof and the satisfaction of the
conditions contained in Section 4 of this Amendment, each reference in the
Credit Agreement to "this Agreement", "hereunder", "hereof" or words of like
import referring to the Credit Agreement, and each reference in the other Loan
Documents to "the Credit Agreement", "thereunder", "thereof" or words of like
import referring to the Credit Agreement, shall mean and be a reference to the
Credit Agreement as amended hereby. 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 Bank or the Administrative Agent
under any of the Loan Documents, nor constitute a waiver of any provisions of
any of the Loan Documents. Except as expressly amended herein, all of the
provisions and covenants of the Credit Agreement and the other Loan Documents
are and shall continue to remain in full force and effect in accordance with the
terms thereof and are hereby in all respects ratified and confirmed.
6. Representations and Warranties. Borrower, as of the
date hereof and after giving effect to the amendment contained herein, hereby
confirms, reaffirms and restates the representations and warranties made by it
in Article VII of the Credit Agreement and otherwise in the Loan Documents to
which it is a party; provided that each reference to the Credit Agreement
therein shall be deemed to be a reference to the Credit Agreement after giving
effect to this Amendment.
7. Counterparts. This Amendment may be executed by one
or more of the parties hereto in any number of separate counterparts (which may
include counterparts delivered by facsimile transmission) and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument. Any executed counterpart delivered by facsimile transmission shall
be effective as an original for all purposes hereof. The execution and delivery
of this Amendment by any Bank shall be binding upon each of its successors and
assigns (including Transferees of its Commitments and Loans in whole or in part
prior to effectiveness hereof) and binding in respect of all of its Commitments
and Loans, including any acquired subsequent to its execution and delivery
hereof and prior to the effectiveness hereof.
8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY,
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed and delivered by their duly authorized officers as of
the date first written above.
CENTERPOINT ENERGY, INC.
By: /s/ MARC KILBRIDE
-----------------------------
Name: Marc Kilbride
Title: Vice President & Treasurer
JPMORGAN CHASE BANK, as Administrative
Agent and as a Bank
By: /s/ ROBERT W. TRABAND
-----------------------------
Name: Robert W. Traband
Title: Vice President
CITIBANK, N.A., as Syndication Agent and as a Bank
By: /s/ SANDIP SEN
--------------------------------
Name: Sandip Sen
Title: Managing Director
Signature Page
First Amendment to CenterPoint Credit Agreement
ABN AMRO BANK N.V.
By: /s/ KRIS A.GROSSHANS
----------------------------
Name: Kris A. Grosshans
Title: Senior Vice President
By: /s/ THOMAS J. STERR
----------------------------
Name: Thomas J. Sterr
Title: Vice President
Signature Page
First Amendment to CenterPoint Credit Agreement
BANK ONE, N.A.
By: /s/ MADELEINE N. PEMBER
-----------------------------
Name: Madeleine N. Pember
Title: Director
Signature Page
First Amendment to CenterPoint Credit Agreement
BANK OF AMERICA, N.A.
By: /s/ RICHARD L. STEIN
-----------------------------
Name: Richard L. Stein
Title: Principal
Signature Page
First Amendment to CenterPoint Credit Agreement
THE BANK OF NOVA SCOTIA
By: /s/ DENIS P. O'MEARA
-----------------------------
Name: Denis P. O'Meara
Title: Managing Director
Signature Page
First Amendment to CenterPoint Credit Agreement
CREDIT SUISSE FIRST BOSTON, Cayman
Islands Branch
By: /s/ JAMES P. MORAN
-----------------------------
Name: James P. Moran
Title: Director
Signature Page
First Amendment to CenterPoint Credit Agreement
DEUTSCHE BANK AG NEW YORK BRANCH
AND/OR CAYMAN ISLANDS BRANCH
By: /s/ MICHAEL E. KEATING
-----------------------------
Name: Michael E. Keating
Title: Managing Director
By: /s/ HANS C. NARBERHAUS
-----------------------------
Name: Hans C. Narberhaus
Title: Vice President
Signature Page
First Amendment to CenterPoint Credit Agreement
THE NORTHERN TRUST COMPANY
By: /s/ MELISSA A. WHITSON
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Name: Melissa A. Whitson
Title: Vice President
Signature Page
First Amendment to CenterPoint Credit Agreement
ROYAL BANK OF CANADA
By: /s/ DAVID A. MCCLUSKEY
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Name: David A. McCluskey
Title: Manager
Signature Page
First Amendment to CenterPoint Credit Agreement
UFJ BANK LIMITED
By: /s/ LAURANCE J. BRESSLER
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Name: Laurance J. Bressler
Title: SVP and Group Co-Head
Signature Page
First Amendment to CenterPoint Credit Agreement
WACHOVIA BANK, NATIONAL
ASSOCIATION
By: /s/ ROTCHER WATKINS
-----------------------------
Name: Rotcher Watkins
Title: Managing Director