50 of the Top 250 law firms use our Products every day
Exhibit 10.7
Execution Copy
THIRD AMENDMENT TO REIMBURSEMENT
AND CREDIT AGREEMENT
This THIRD
AMENDMENT TO REIMBURSEMENT AND CREDIT AGREEMENT (the “
Third Amendment ”) is made and entered into this
1 st
day of June, 2009 by and between
THE CONNECTICUT WATER COMPANY, a corporation duly organized
and existing under the laws of the State of Connecticut with an
office at 93 West Main Street, Clinton, Connecticut 06413 (the
“ Borrower ”), and CITIZENS BANK OF RHODE
ISLAND, with an office at One Citizens Plaza, Providence, Rhode
Island 02903, (the “ Bank ”).
WITNESSETH:
WHEREAS, the Borrower issued and sold the
$12,500,000 Variable Rate Taxable Debenture Bonds, Series 2004 (the
“ Bonds ”) pursuant to the terms of the
Indenture;
WHEREAS, the Borrower and the Bank entered into
a Reimbursement and Credit Agreement, dated as of March 1, 2004, to
provide for an irrevocable direct pay letter of credit to be issued
by the Bank for the account of the Borrower to secure the Bonds, as
amended by a First Amendment to Reimbursement and Credit Agreement
dated April 28, 2006 by and between the Borrower and the Bank and a
Second Amendment to Reimbursement and Credit Agreement dated August
23, 2007 by and between the Borrower and the Bank (collectively,
the “ Agreement ”). Capitalized terms
used in this Third Amendment and not otherwise defined herein shall
have the meanings ascribed thereto in the Agreement;
WHEREAS, the Borrower wishes to incr
|
