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AMENDMENT TO REVOLVING LINE OF CREDIT
AGREEMENT
This
is an amendment to the Revolving Line of Credit (the
“Agreement”) made by and between the National Rural
Utilities Cooperative Finance Corporation (“CFC”) and
the undersigned (“Borrower”), dated October 14,
2007.
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1.
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Schedule 1, Paragraph 2 is hereby
deleted and replaced as follows:
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“2. The CFC Commitment
shall mean $75,000,000.00, provided; however , that the CFC
Commitment shall be permanently reduced to $50,000,000.00 upon the
earlier to occur of (a) January 1, 2010, or (b) the date that
Borrower pays down this Line of Credit to an outstanding balance of
not more than $50,000,000.00 pursuant to Schedule 1, Paragraph 7(c)
of this Agreement.”
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2.
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Section 5.01 B.
‘Notice’ is amended by adding a new subparagraph
(iv), as follows: “(iv) the Borrower’s issuance of
commercial paper if, at the time of such issuance, the outstanding
principal amount owing under this Line of Credit exceeds
$50,000,000.00.”
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3.
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Schedule 1, Paragraph 7
‘Special Covenants’ is amended to add a new
Subparagraph (c), as follows:
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“(c) If the outstanding
principal amount owing under this Line of Credit exceeds
$50,000,000.00 at the time Borrower issues any new commercial
paper, then Borro
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