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EXHIBIT 10.4
FIRST AMENDMENT TO
PARTICIPATION AGREEMENT
This FIRST AMENDMENT TO PARTICIPATION AGREEMENT, dated as of
March 20, 2001 (this "Amendment") is among UNIVERSAL COMPRESSION, INC., a Texas
corporation ("Lessee"), UNIVERSAL COMPRESSION HOLDINGS, INC., a Delaware
corporation ("Guarantor"), BRL UNIVERSAL EQUIPMENT 2001 A, L.P., a Delaware
limited partnership ("Lessor"), BANKERS TRUST COMPANY and the other financial
institutions listed on the signature pages hereof as Tranche B Lenders, (each a
"Tranche B Lender" and collectively "Tranche B Lenders"), BRL UNIVERSAL
EQUIPMENT MANAGEMENT, INC., a Delaware corporation ("Lessor General Partner"),
BANKERS TRUST COMPANY, as Administrative Agent for Tranche B Lenders and
Indenture Trustee acting on behalf of the Tranche A Noteholders (in such
capacity, "Administrative Agent") and BANKERS TRUST COMPANY, as Collateral Agent
for Tranche B Lenders and Indenture Trustee acting on behalf of the Tranche A
Noteholders (in such capacity, "Collateral Agent").
WITNESSETH:
WHEREAS, Lessee, Guarantor, Lessor, The Bank of New York, not
in its individual capacity but solely as Indenture Trustee, Paying Agent,
Transfer Agent and Registrar for the Tranche A Noteholders, Tranche B Lenders,
Lessor General Partner, Administrative Agent and Collateral Agent have entered
into that certain Participation Agreement dated as of February 9, 2001 (together
with all amendments and supplements thereto, the "Participation Agreement"); and
WHEREAS, the parties hereto desire to amend the Participation
Agreement to delete one of the covenants made by Lessee for the benefit of
Lessor and Tranche B Lenders.
NOW, THEREFORE, in consideration of the premises and mutual
agreements contained herein and in the Participation Agreement, the parties
hereto agree as follows:
1. Definitions. Unless the context otherwise requires,
capitalized terms used herein and not otherwise defined herein shall have the
meanings set forth or referred to in Appendix A to the Participation Agreement,
which Appendix A also includes the rules of usage and interpretation applicable
hereto.
2. Effectiveness. This Amendment shall become effective as of
the date first written above upon the execution and delivery hereby by Majority
Tranche B Lenders, Lessee, Guarantor, Lessor, Lessor General Partner,
Administrative Agent and Collateral Agent.
3. Amendment to Participation Agreement. The text of Section
9.3(t) of the Participation Agreement (Negative Pledge Agreements) is hereby
deleted in its entirety and replaced with "[Reserved]".
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4. Miscellaneous. Sections 12.3, 12.4, 12.6, 12.7, 12.8, 12.9
and 12.10 of the Participation Agreement are incorporated herein by reference
mutatis mutandis.
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IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective duly authorized
officers as of the date first above written.
UNIVERSAL COMPRESSION, INC.,
as Lessee
By /s/ XXXXXXX X. XXXXXXXXXX
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Name: Xxxxxxx X. XxxxXxxxxx
Title: Senior Vice President and
Chief Financial Officer
UNIVERSAL COMPRESSION HOLDINGS, INC.,
as Guarantor
By /s/ XXXXXXX X. XXXXXXXXXX
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Name: Xxxxxxx X. XxxxXxxxxx
Title: Senior Vice President and
Chief Financial Officer
BRL UNIVERSAL EQUIPMENT 2001 A, L.P.,
as Lessor
By BRL Universal Equipment Management, Inc.
Its General Partner
By /s/ XXXXXXX X. XXXXXX
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Name: Xxxxxxx X. Xxxxxx
Title: President
BRL UNIVERSAL EQUIPMENT MANAGEMENT, INC.
as Lessor General Partner
By /s/ XXXXXXX X. XXXXXX
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Name: Xxxxxxx X. Xxxxxx
Title: President
-Signature Page-
[First Amendment to Participation Agreement]
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BANKERS TRUST COMPANY,
as Tranche B Lender
By /s/ XXXXXX X. XXXXXXXXXX
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Name Xxxxxx X. Xxxxxxxxxx
Title Director
FIRST UNION NATIONAL BANK,
as Tranche B Lender
By /s/ XXXXX XXXXXXXXX
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Name Xxxxx Xxxxxxxxx
Title Vice President
BANK ONE, NA
(Main Office Chicago)
as Tranche B Lender
By /s/ J. XXXXXXX XXXXX, XX.
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Name J. Xxxxxxx Xxxxx, Xx.
Title First Vice President
THE BANK OF NOVA SCOTIA,
as Tranche B Lender
By /s/ M. D. XXXXX
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Name M. D. Xxxxx
Title Agent
BANKERS TRUST COMPANY,
as Administrative Agent
By /s/ XXXXXX X. XXXXXXXXXX
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Name Xxxxxx X. Xxxxxxxxxx
Title Director
-Signature Page-
[First Amendment to Participation Agreement]
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BANKERS TRUST COMPANY,
as Collateral Agent
By /s/ XXXXXX X. XXXXXXXXXX
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Name Xxxxxx X. Xxxxxxxxxx
Title Director
-Signature Page-
[First Amendment to Participation Agreement]
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CITADEL HILL 2000 Ltd.,
as Tranche B Lender
By /s/ XXXXXXX XXXXXXXX
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Name Xxxxxxx Xxxxxxxx
Title Authorized Signatory
