Preview | Revolving Credit Agreement |

JPMORGAN CHASE BANK, N.A.,
THE BANK OF TOKYO-MITSUBISHI, LTD., CHICAGO BRANCH
and
CITICORP USA, INC.,
as Co-Documentation Agents

TABLE OF CONTENTS


	*Page*
ARTICLE I DEFINITIONS		1

SECTION 1.01. Defined Terms		1
SECTION 1.02. Classification of Loans and Borrowings		16
SECTION 1.03. Terms Generally		16
SECTION 1.04. Accounting Terms; Gaap		17

ARTICLE II THE CREDITS		17

SECTION 2.01. Commitments		17
SECTION 2.02. Revolving Loans and Revolving Borrowings; Requests for Borrowings		18
SECTION 2.03. Swingline Loans		19
SECTION 2.04. Letters of Credit		20
SECTION 2.05. Funding of Borrowings		24
SECTION 2.06. Interest Elections		24
SECTION 2.07. Mandatory Termination or Reduction of Commitments		26
SECTION 2.08. Mandatory Prepayments		26
SECTION 2.09. Optional Reduction of Commitments		26
SECTION 2.10. Repayment of Loans; Evidence of Debt		26
SECTION 2.11. Optional Prepayment of Loans		27
SECTION 2.12. Fees		28
SECTION 2.13. Interest		29
SECTION 2.14. Alternate Rate of Interest		30
SECTION 2.15. Increased Costs		30
SECTION 2.16. Break Funding Payments		32
SECTION 2.17. Taxes		32
SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-Offs		33
SECTION 2.19. Mitigation Obligations; Replacement of Lenders		35

ARTICLE III CONDITIONS		36

SECTION 3.01. Conditions Precedent to the Effectiveness of this Agreement		36
SECTION 3.02. Conditions Precedent to Each Extension of Credit		37

ARTICLE IV REPRESENTATIONS AND WARRANTIES		38

ARTICLE V AFFIRMATIVE COVENANTS		40

ARTICLE VI NEGATIVE COVENANTS		43

ARTICLE VII FINANCIAL COVENANT		48

ARTICLE VIII EVENTS OF DEFAULT		48

ARTICLE IX THE ADMINISTRATIVE AGENT		51

ARTICLE X GUARANTY		53

SECTION 10.01. The Guaranty		53
SECTION 10.02. Waivers		55

ARTICLE XI MISCELLANEOUS		56


	*Page*
SECTION 11.01. Notices		56
SECTION 11.02. Waivers; Amendments		57
SECTION 11.03. Expenses; Indemnity; Damage Waiver		58
SECTION 11.04. Successors and Assigns		59
SECTION 11.05. Survival		62
SECTION 11.06. Counterparts; Integration; Effectiveness		62
SECTION 11.07. Severability		63
SECTION 11.08. Right of Setoff		63
SECTION 11.09. Governing Law; Jurisdiction; Consent to Service of Process		63
SECTION 11.10. WAIVER OF JURY TRIAL		64
SECTION 11.11. Headings		64
SECTION 11.12. Confidentiality		64
SECTION 11.13. USA PATRIOT ACT		64

ANNEXES, EXHIBITS AND SCHEDULES


ANNEX A		Pricing Grid
EXHIBIT A		Form of Assignment and Acceptance
EXHIBIT B-1		Form of Opinion of Schiff Hardin LLP
EXHIBIT B-2		Form of Opinion of Thelen Reid & Priest LLP
SCHEDULE 2.01		Lenders and Commitments
SCHEDULE 2.04		Transitional Letters of Credit
SCHEDULE 3.01		Financing Facilities to be Terminated
SCHEDULE 6.01(e)		Existing Agreements

REVOLVING CREDIT AGREEMENT, dated as of March 11, 2005 (this Agreement), among NISOURCE FINANCE CORP., an Indiana corporation, as Borrower (the Borrower), NISOURCE INC., a Delaware corporation (NiSource), as Guarantor (the Guarantor), the Lead Arrangers and other Lenders from time to time party hereto, the Co-Documentation Agents party hereto, CREDIT SUISSE FIRST BOSTON, as Syndication Agent and BARCLAYS BANK PLC, as issuer of any Letters of Credit provided for hereunder (in such capacity, the LC Bank) and as administrative agent for the Lenders hereunder (in such capacity, the Administrative Agent).

WITNESSETH:

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