SECOND SUPPLEMENTAL INTERCREDITOR DEED Dated 31st March 2003 between SPORTECH plc and Others as Companies and THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND as Senior Bank, Senior Agent, Security Trustee, Mezzanine Lender, Mezzanine Agent and...
EXHIBIT 4.16
SECOND SUPPLEMENTAL INTERCREDITOR DEED
Dated 31st March 2003
between
SPORTECH plc and Others
as Companies
and
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
as Senior Bank, Senior Agent, Security Trustee, Mezzanine Lender,
Mezzanine Agent and Overdraft Bank
[LOGO]
Xxxxxxx Xxxxx W.S.
Edinburgh
THIS SECOND SUPPLEMENTAL INTERCREDITOR DEED is made the 31st day of March 2003 between:
(1)
SPORTECH PLC (formerly known as Rodime plc) a company incorporated in Scotland with limited liability (registered number 69140) with its registered office situated at 000 Xxxx Xxxxxx Xxxxxx, Xxxxxxx X0 0XX as the Parent and one of the Companies;
(2)
Each of the Companies referred to in Schedule 1 hereto (the “Charging Companies”);
(3)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of The Mound, Xxxxxxxxx XX0 lYZ as Senior Bank;
(4)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of the address aforesaid as Senior Agent;
(5)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of the address aforesaid as Security Trustee;
(6)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of the address aforesaid as Mezzanine Lender;
(7)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of the address aforesaid as Mezzanine Agent; and
(8)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND of the address aforesaid as Overdraft Bank.
WHEREAS:
(A)
the Parent, the Senior Agent and the Senior Banks and others entered into an intercreditor deed dated 10th August 2000 (as supplemented by a supplemental intercreditor deed dated 24th September 2002 between the parties hereto and as supplemented, varied, novated, restated or amended from time to time the “Intercreditor Deed”);
(B)
the parties wish to make certain amendments to the Intercreditor Deed.
NOW IT IS AGREED AND DECLARED as follows:
1.
DEFINITIONS AND INTERPRETATION
1.1
In this Second Supplemental Intercreditor Deed a term defined in the Intercreditor Deed has the same meaning when used in this Second Supplemental Intercreditor Deed unless otherwise defined herein and Schedule 2 of the Intercreditor Deed shall apply hereto.
1.2
This Second Supplemental Intercreditor Deed is a Financing Document in terms of the Senior Facility Agreement and the Mezzanine Facility Agreement.
2.
CONDITIONS PRECEDENT
2.1
This Second Supplemental Intercreditor Deed and the amendments to the Intercreditor Deed referred to herein shall only come into effect if the Senior Agent confirms to the Parent that the conditions precedent set out in the Second Supplemental Facility Agreement dated of even date herewith between inter alia the Parent and the Senior Banks have been satisfied.
2.2.
If the Senior Agent confirms that conditions referred to in Clause 2.1 have not been satisfied on or prior to the date falling one month after the date of such Second Supplemental Facility Agreement then this Second Supplemental Intercreditor Deed will lapse and the amendments to be made in terms hereof will be of no effect.
3.
AMENDMENTS TO THE INTERCREDITOR DEED
3.1.
Subject to the terms of this Second Supplemental Intercreditor Deed, the Intercreditor Deed in the form set out in Schedule 2 to the Supplemental Intercreditor Deed shall be amended as follows:
3.1.1.
The word “and” shall be deleted where it appears in Clause 8.2(vi) of the Intercreditor Deed;
3.1.2.
The word “renewals” shall be deleted from Clause 8.2(vii) of the Intercreditor Deed and shall be replaced by the word “repayments” and the “l” shall be deleted from Clause 8.2(vii) of the Intercreditor Deed and shall be replaced by “; and”;
3.1.3.
The following additional Clause 8.2(viii) shall be inserted in the Intercreditor Deed following the amended Clause 8.2(vii):-
“(viii)
mandatory prepayments of Tranche B (as defined in the Mezzanine Facility Agreement) payable under Clause 13.11 of the Mezzanine Facility Agreement.”;
3.1.4.
The following additional definition shall be inserted in Schedule 2 to the Intercreditor Deed:
“Supplemental Intercreditor Deed” means the agreement dated 24th September 2002 and expressed to be supplemental to this Agreement;”.
3.2.
Subject to the terms of this Second Supplemental Intercreditor Deed, the Intercreditor Deed shall remain in full force and effect. This Second Supplemental Intercreditor Deed and the Intercreditor Deed shall be treated as one document so that, upon the Intercreditor Deed being amended as mentioned above, all references to the Intercreditor Deed shall be treated as references to the Intercreditor Deed amended in accordance with the terms of this Second Supplemental Intercreditor Deed.
4.
GENERAL
4.1.
Clauses 36 and 37 of the Intercreditor Deed shall be deemed to be incorporated in this Second Supplemental Intercreditor Deed as if set out herein.
4.2.
Each of the parties hereto hereby agrees that with effect from the date of this Second Supplemental Intercreditor Deed the notice details of each of the Companies for the purposes of Clause 35.2 and all other provisions of the Intercreditor Deed shall be as identified with its execution below.
4.3.
This Second Supplemental Intercreditor Deed may be executed in any number of counterparts, all of which taken together shall constitute one and the same Deed.
5.
GOVERNING LAW AND JURISDICTION
This Second Supplemental Intercreditor Deed is governed by the laws of England and Wales and the parties hereto hereby submit to the non-exclusive jurisdiction of the Courts of England.
IN WITNESS WHEREOF this Deed has been executed as a deed by each of the parties hereto on the date and year first above written.
SCHEDULE 1
THE CHARGING COMPANIES
Littlewoods Leisure Marketing Services Limited
Littlewoods Promotions Limited
Littlewoods Lotteries Limited
Littlewoods Competitions Company Limited
Rodime Technologies Limited
Littlewoods of Liverpool Limited
Bet 247 Limited (formerly Littlewoods Leisure Limited)
Littlewoods Pools Limited
Littlewoods Gaming Limited (formerly Littlewoods Leisure Ads Limited)
Littlewoods Isle of Man Limited
SIGNATORIES
EXECUTED and DELIVERED as a | |
Director | |
Secretary | |
Address For Notice: | Xxxxxxxx Xxxxx |
Fax No.: | 0000 000 0000 |
EXECUTED and DELIVERED as a | |
Director | |
Secretary | |
Address For Notice: | Xxxxxxxx Xxxxx |
Fax No.: | 0000 000 0000 |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | |
Director | |
Secretary | |
Address For Notice: | Xxxxxxxx Xxxxx |
Fax No.: | 0000 000 0000 |
EXECUTED and DELIVERED as a | |
Director | |
Secretary | |
Address For Notice: | Xxxxxxxx Xxxxx |
Fax No.: | 0000 000 0000 |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | ||
Director | ||
Secretary | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
EXECUTED and DELIVERED as a | ||
Director | ||
Director | ||
Address For Notice: | Xxxxxxxx Xxxxx | |
Fax No.: | 0000 000 0000 | |
SENIOR BANK
EXECUTED and DELIVERED as a | ||
| Authorised Signatory | ||
Witness | ||
Xxxxxxx Xxxxxxxxx | Full Name | |
Bank of Scotland | Address | |
Edinburgh | ||
Corporate Banking Manager | Occupation | |
| Address for Notice:
| Corporate Banking | |
Fax No.: | 0000 000 0000 | |
SENIOR AGENT
EXECUTED and DELIVERED as a | ||
| Authorised Signatory | ||
Witness | ||
| Xxxxxxx Xxxxxxxxx | Full Name | |
| Bank of Scotland | Address | |
| Edinburgh | ||
| Corporate Banking Manager | Occupation | |
| Address for Notice:
| Corporate Banking | |
Fax No.: | 0000 000 0000 | |
MEZZANINE LENDER
EXECUTED and DELIVERED as a | ||
| Authorised Signatory | ||
Witness | ||
| Xxxxxxx Xxxxxxxxx | Full Name | |
| Bank of Scotland | Address | |
| Edinburgh | ||
| Corporate Banking Manager | Occupation | |
| Address for Notice:
| Corporate Banking | |
Fax No.: | 0000 000 0000 | |
MEZZANINE AGENT
EXECUTED and DELIVERED as a | ||
| Authorised Signatory | ||
Witness | ||
| Xxxxxxx Xxxxxxxxx | Full Name | |
Bank of Scotland | Address | |
Edinburgh | ||
Corporate Banking Manager | Occupation | |
| Address for Notice:
| Corporate Banking | |
Fax No.: | 0000 000 0000 | |
OVERDRAFT BANK
EXECUTED and DELIVERED as a | |||
Authorised Signatory | |||
Witness | |||
Xxxxxxx Xxxxxxxxx | Full Name | ||
Bank of Scotland | Address | ||
Edinburgh | |||
Corporate Banking Manager | Occupation | ||
| Address for Notice:
| Corporate Banking | ||
Fax No.: | 0000 000 0000 | ||
