Tesla 2016 Annual Report Download - page 113
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Please find page 113 of the 2016 Tesla annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Exhibit 10.28C
Execution Version
THIRD AMENDMENT TO CREDIT AGREEMENT
THIRDAMENDMENTTOCREDITAGREEMENT(this“Amendment”),datedasofFebruary9,2016,tothatcertainABLCreditAgreement,
datedasofJune10,2015(asamended,supplementedorotherwisemodifiedthroughthedatehereof,the“CreditAgreement”),amongTeslaMotors,Inc.(the“
Company”,andtogetherwitheachWholly-OwnedDomesticSubsidiaryoftheCompanythatbecomesaU.S.BorrowerpursuanttothetermsoftheCredit
Agreement,collectively,the“U.S.Borrowers”),TeslaMotorsNetherlandsB.V.(“TeslaB.V.”,andtogetherwitheachWholly-OwnedDutchSubsidiaryofTesla
B.V.thatbecomesaDutchBorrowerpursuanttothetermsoftheCreditAgreement,collectively,the“DutchBorrowers”;andtheDutchBorrowers,togetherwith
theU.S.Borrowers,collectively,the“Borrowers”),thelendersfromtimetotimepartythereto(the“Lenders”),DeutscheBankAGNewYorkBranch,as
AdministrativeAgent(the“AdministrativeAgent”)andasCollateralAgent,andtheotheragentspartythereto.
RECITALS:
WHEREAS,theCompanyhasrequestedthattheavailablecommitmentsundertheCreditAgreementbeincreasedfrom$750,000,000to
$1,000,000,000;
WHEREAS,pursuanttoSection13.12oftheCreditAgreement,theCreditAgreementmaybeamendedwiththewrittenconsentoftheRequired
LendersandeachCreditPartypartytotheCreditAgreement;
WHEREAS,pursuanttoSection13.12,anyincreasetotheRevolvingLoanCommitmentofanyLenderrequiresthewrittenconsentofsuchLender
(eachLenderincreasingitsRevolvingLoanCommitmentpursuanttothisAmendment,an“IncreasingLender”);and
WHEREAS,thepartiesnowwishtoamendtheCreditAgreementincertainrespects.
AGREEMENT:
NOW,THEREFORE,inconsiderationofthepremisesandmutualcovenantscontainedherein,thepartiesheretoagreeasfollows:
Section1.DefinedTerms.Unlessotherwisespecificallydefinedherein,eachtermusedherein(includingintherecitalsabove)hasthemeaning
assignedtosuchtermintheCreditAgreement.
Section2.Amendments.
2.1AmendmentstoSection1.1oftheCreditAgreement.
2.1.1ThefollowingdefinedtermshallbeinsertedintoSection1.1oftheCreditAgreementinappropriatealphabeticalorder:
“ThirdAmendmentEffectiveDate”shallmeanFebruary9,2016.
2.1.2Thedefinitionof“TotalRevolvingLoanCommitment”inSection1.1oftheCreditAgreementshallbeamendedand
restatedinitsentiretyasfollows:
“TotalRevolvingLoanCommitment”shallmean,atanytime,thesumoftheRevolvingLoanCommitmentsofeachofthe
Lendersatsuchtime.AsoftheThirdAmendmentEffectiveDate,theTotalRevolvingLoanCommitmentis$1,000,000,000.