Exhibit 10-c
AMENDMENT 2 TO CREDIT AGREEMENT
This Amendment 2 to Credit Agreement (the "Amendment")
is entered into as of June 4, 2001, by and between KLT
Telecom Inc. (the "Lender") and Digital Teleport, Inc. (the
"Borrower").
Whereas, Lender and Borrower have entered into a
certain Credit Agreement dated as of February 21, 2001,
providing for revolving credit loans of up to $25 million in
the aggregate, which was amended by Amendment 1 dated as of
April 30, 2001, to provide, among other things, an increase
in the available commitment to $35 million (as so amended,
the "Credit Agreement"), and
Whereas, Borrower has requested to increase the maximum
borrowing amount under the Credit Agreement, and Lender is
willing to increase such amount on the terms and conditions
herein.
Therefore, in consideration of the of the
undertakings set forth herein and other good and valuable
consideration, the receipt of which is hereby acknowledged,
the parties hereto hereby agree as follows:
1. Capitalized terms used herein and not otherwise defined
shall have the meanings attributed to such terms in the
Credit Agreement.
2. The definition of "Commitment" in Article I of the
Credit Agreement is amended in its entirety to read as
follows:
"Commitment" means the obligation of the Lender to
make Loans not exceeding Forty Five Million Dollars
($45,000,000.00) in aggregate principal amount at any
time outstanding.
3. This Amendment shall take effect on the last to occur
of (i) the execution and delivery of this Amendment by
Borrower and Lender, and (ii) Lender executing and
delivering to Borrower a Second Amended and Restated Demand
Promissory Note, in the form attached hereto as Exhibit A.
4. To induce the Lender to enter into this Amendment, the
Borrower represents and warrants that:
(a) The representations and warranties set forth in
Article IV of the Credit Agreement are true, correct and
complete on the date hereof as if made on and as of the
dated hereof.
(b) No Default exists on the date hereof.
5. The Credit Agreement, as amended hereby, is hereby
ratified, approved and confirmed in all respects.
In witness whereof, Lender and Borrower have executed this
Amendment as of the date first above written.
Digital Teleport, Inc.
By: /s/ Xxxx X. Xxxxxxxx
Name: Xxxx X. Xxxxxxxx
Title: Senior Vice President
and Chief Financial
Officer
0000 Xxxxxxxx Xxxxxx, Xxxxx 000
Xx. Xxxxx, XX 00000
Telecopier: (000) 000-0000
KLT Telecom Inc.
By: /s/ Xxxx Xxxxxxxxx
Name: Xxxx Xxxxxxxxx
Title: Vice President
00000 Xxxx, Xxxxx 000
Xxxxxxxx Xxxx, XX 00000
Telecopier: (000) 000-0000
