Attachment A
MLA No. RX0848
MASTER LOAN AGREEMENT
THIS MASTER LOAN AGREEMENT (this “Agreement”) is entered into as of February 9,
2010, between PENNICHUCK EAST UTELITY, INC., a New Hampshire corporation (the
“Company"}, and CoBANK, ACB, a federally chartered instrumentality of the United States
(*CoBank”).
BACKGROUND
Fram time to time, CoBank may make joans and extend other types of credit to or for the account
of the Company. In order to facilitate the making of such loans and other types of credit, the parties are
entering into this Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agrce as follows:
ARTICLE ]
DEFINITIONS AND RULES OF INTERPRETATION
SECTION 1.01. Definitions. Capitalized terms used in this Agreement and defined in
Exhibit A hereto shall have the meanings set forth in that Exhibit.
SECTION (.02. Rutes of Interpretation. The rules of interpretation set forth in Exhibit A
shail apply to this Agreement.
ARTICLE 2
THE SUPPLEMENTS
SECTION 2.01. Promissory Notes and Suppiements. In the event the Company desires to
borrow from CoBank and CoBank is willing to lend to the Company, the parties will enter into a
promissory note and supplement hereto (each a “Promissory Note and Supplement"). Lach Promissory
Note and Supplement will set forth CoBank’s commitment xo make a loan or loans to the Company, the
amount of the loan(s}, the purpose of the loan(s}, the interest rate or interest rate options applicable to the
loan(s), the Company's promise to repay the loans, and any other terms and conditions applicable to the
particular loan(s). Each loan will be governed by the terms and conditions sct forth in this Agreement and
in the Promissory Note and Supplement relating to thal loan. [n the absence of a Promissory Note and
Suppleincnt hereto duly executed by CoBank, CoBank shall have no obligation to make a joan to the
Company under this Agreement.
SECTION 2.02. Notice and Manner of Borrowing New Loans. Except as othenvise
provided in a Promissory Note and Supplement: (A) loans will be made available on any Business Day
upon the telephonic or written request of an authorized employee of the Company (which request, if
made telephonically, shall be promptly confirmed in writing if required hy CoBank); (B) requests for
ioans must be received by 12:00 noon Company’s local time on the date the loan is to be made; and (C}
joans will be made available by wire transfer of immediately available funds to such account or accounts
as may be authorized by the Company on forms supplied by CoBank.
