Contract
Exhibit
4.7
AMENDMENT
AGREEMENT
to the
Simple Credit Agreement dated as of May 16, 2006 (the "Agreement"),
by
and among Grupo Radio Centro, S.A. de C.V. and GE Capital CEF Mexico, S. de
X.X.
de C.V., and Banco Imbursa, S.A., Institución de Banca Multiple, Grupo
Financiero Inbursa, in accordance with the following antecedents, declarations
and clauses:
ANTECEDENTES
SOLE
ARTICLE. On
May
16, 2006, Grupo Radio Centro, S.A. de C.V. (the "Borrower"),
GE
Capital CEF Mexico, S. de X.X. de C.V. and Banco Inbursa, S.A., Institución de
Banca Multiple, Grupo Financiero Inbursa (the "Creditors"),
executed a Simple Credit Agreement (the "Credit
Agreement")
by
virtue of which, among other agreements, the Creditors are obliged to make
available to the Borrower the equivalent in Pesos, Mexican Currency, of the
amount of $ 21,000,000.00 dollars, amount the Borrower is to make use of in
no
more than two draw-downs that are to be made no later than May 16,
2008.
The
terms
appearing with the first letter capitalized that are not defined in this
Agreement, shall be defined in the Credit Agreement.
DECLARATIONS
I. The
parties to this Agreement, through their legal representatives, declare
that:
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(a)
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They
reciprocally recognize and accept the capacity with which they execute
this Agreement as well as the scope of the authorities and powers
of their
representatives.
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| (b) | The Credit Agreement is effective as of the date of the this Agreement |
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(c)
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It
is in their interests to execute this Agreement for the purpose of
amending certain terms and conditions set forth in the Credit
Agreement.
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Based
on
the Antecedents and Declarations aforementioned, the parties are obliged in
accordance with the following:
CLAUSES
ONE.
Amendments.
1.1
The
parties agree to amend the first paragraph of the second clause regarding the
credit made available to the Borrower, with regards to the deadline to draw-down
said credit to prolong this for one term of 30 days and be written as indicated
next:
"SECOND.-
DRAW-DOWN.- … and (ii) the Draw-downs shall occur no later than June 16,
2008…"
SECOND.
Term.
No Novation.
The
parties agree that the Credit Agreement, as it has been amended specifically
by
this Agreement, remains in full force and effect. All the provisions established
in the Credit Agreement that have not been expressly amended through the
execution of this Agreement shall remain in full force.
[4
sets
of initials]
[stamp:]
LEGAL, INBURSA [initials]
The
parties of this Agreement acknowledge and agree that the amendment described
herein does not constitute a novation of the obligations contained in the Credit
Agreement.
TERCERA.
Headings.
The
headings that are used in this Agreement are only to facilitate reference
thereto and are not to be used to interpret any provision of this
agreement.
CUARTA.
Governing
Law and Jurisdiction.
The
parties agree that the laws of Mexico will govern for the interpretation and
compliance of this Agreement, and irrevocably submit to the competent courts
of
jurisdiction of Mexico City, Federal District, to know of any controversy that
may arise with respect to the interpretation or execution of this Agreement,
for
which purpose the parties waive any other present of future address that may
correspond to them for any other reason.
IN
WITNESS WHEREOF, the
parties execute this Agreement on May 15, 2008, in Mexico City, Federal
District.
THE
BORROWER
Grupo
Radio Centro, S.A. de C.V.
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/s/
Xxxxx Xxxxxx Xxxxxxx Xxxxx
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/s/
Xxx Xxxxx Xxxxxxx Xxxxx
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|
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By:
Xxxxx Xxxxxx Xxxxxxx Xxxxx
Position:
Legal Representative
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By:
Xxx Xxxxx Xxxxxxx Xxxxx
Position:
Legal Representative
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|
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||
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/s/
Xxxxx Xxxxxxx Xxxxxxx Xxxxx
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/s/
Xxxxxx de Xxxxx Xxxxxxx Xxxxx
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|
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By:
Xxxxx Xxxxxxx Xxxxxxx Xxxxx
Position:
Legal Representative
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By:
Xxxxxx de Xxxxx Xxxxxxx Xxxxx
Position:
Legal Representative
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THE
CREDITORS
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/s/ Xxxxxxx Xxxxx Xxxxxx
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/s/
Xxxxxxxxx Xxxx Xxxxxxxxx Xxxxxxx
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By:
Xxxxxxx Xxxxx Xxxxxx
Position:
Legal Representative
GE
Capital CEF México, S. de X.X. de C.V.
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By:
Xxxxxxxxx Xxxx Xxxxxxxxx Xxxxxxx
Position:
Legal Representative
Banco
Inbursa, S.A., Institución de Banca
Múltiple,
Grupo Financiero Inbursa
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[4
sets
of initials]
[stamp:]
LEGAL, INBURSA [initials]
2
