EXECUTION COPY
EXHIBIT 10.4
EXECUTION COPY
This AMENDMENT NO. 5, dated as of August 10, 2005 (this “Amendment”) to the Amended and Restated Receivables Transfer Agreement dated as of August 16, 2002, as originally dated October 17, 2001, and as amended through and including the date hereof in accordance with its terms (the “Receivables Transfer Agreement”), by and among TYSON RECEIVABLES CORPORATION, a Delaware corporation, as transferor (in such capacity, the “Transferor”), TYSON FOODS, INC., a Delaware corporation, individually (“Tyson”), as collection agent (in such capacity, the “Collection Agent”) and as guarantor under the Limited Guaranty set forth in Article IX thereto (in such capacity, the “Guarantor”), the several commercial paper conduits parties thereto and their respective permitted successors and assigns (the “CP Conduit Purchasers”, each, individually, a “CP Conduit Purchaser”), the several financial institutions parties thereto as “Committed Purchasers” and their respective permitted successors and assigns (the “Committed Purchasers”, each, individually, a “Committed Purchaser”), the agent bank of each CP Conduit Purchaser and Committed Purchaser and its permitted successor and assign (the “Funding Agent” with respect to such CP Conduit Purchaser and Committed Purchaser), and JPMorgan Chase Bank, NA., a New York state banking corporation (“JPMorgan”), as administrative agent for the benefit of the CP Conduit Purchasers, the Committed Purchasers and the Funding Agents (in such capacity, the “Administrative Agent”).
RECITALS
WHEREAS, the parties hereto have previously entered into the Receivables Transfer Agreement;
WHEREAS, the parties wish to extend the Facility A Commitment Expiry Date from August 12, 2005 to August 9, 2006;
WHEREAS, the parties wish to extend one component of the Facility B Commitment Expiry Date from August 12, 2007 to August 9, 2008;
WHEREAS, the parties to the Receivables Transfer Agreement wish to amend the Receivables Transfer Agreement pursuant to Section 10.02 of the Receivables Transfer Agreement, subject to the terms and conditions set forth herein;
NOW THEREFORE, for and in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto consent and agree as follows:
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AGREEMENTS
SECTION 1. Definitions. Unless otherwise defined in this Amendment, all defined terms used in this Amendment, including the Recitals hereto, shall have the meanings ascribed to such terms in the Receivables Transfer Agreement.
SECTION 2. Amendments to Definitions. (a) The definition of Facility A Commitment Expiry Date set forth in Schedule A to the Receivables Transfer Agreement is hereby amended and restated in its entirety to read as follows:
“Facility A Commitment Expiry Date” shall initially mean with respect to each Committed Purchaser, August 9, 2006, as extended from time to time with respect to such Committed Purchasers pursuant to Section 2.26 of the Receivables Transfer Agreement.
(b) Clause (a) of the definition of Facility B Commitment Expiry Date set forth in Schedule A to the Receivables Transfer Agreement is hereby amended and restated in its entirety to read as follows:
“(a) August 9, 2008;
SECTION 3. Amendments to the Agreement. The address and other related contact information of the Administrative Agent set forth in Section 10.03 of the Receivables Transfer Agreement is hereby amended and restated in its entirety to read as follows:
JPMorgan Chase Bank, N.A.
10 X. Xxxxxxxx
Mail Code: IL1-0594
Xxxxxxx, XX 00000
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Attention: |
Transaction Management |
Telephone: (000) 000-0000
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Telecopy: |
(000) 000-0000 |
e-mail: xxx.xxxxxxxxx.xxxxxxxxxx@xxxxxxxx.xxx
SECTION 4. Amendment to Schedule and Exhibit. (a) Schedule B of the Receivables Transfer Agreement entitled “Schedule of CP Conduit Purchaser, Committed Purchasers, Funding Agents, CP Conduit Funding Limits and Commitments” is amended and restated in its entirety as set forth in Exhibit A hereto. (b) Exhibit B of the Receivables Transfer Agreement entitled “List of Lockbox Banks and Accounts” is amended and restated in is entirety as set forth in Exhibit B hereto.
SECTION 5. Waivers of Notice Requirements. (a) Solely for the purposes of this Amendment, in connection with the extension of the Facility A Commitment Expiry Date, the Transferor, the Administrative Agent and each CP Conduit Purchaser hereby waive the 30 days prior notice requirement applicable to each Committed Purchaser set forth in Section 2.26 of the Receivables Transfer Agreement. (b) In connection with the addition and termination of certain Lockbox Banks and Lockbox Accounts to be effectuated in August 2005, solely for the purposes of this Amendment, the Parties hereto hereby waive the 30 days prior notice requirement applicable to the Transferor and Sellers set forth in Section 5.02(e) of the Receivables Transfer Agreement. The waivers provided for in paragraphs 5(a) and 5(b) herein shall commence on the effectiveness of this Amendment, and except in this instance, but at all times thereafter the Receivables Transfer Agreement shall apply in all respects, and the parties to the Receivables Transfer Agreement shall have all rights and remedies, as if such waivers had never been granted.
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SECTION 6. Acknowledgment of Guarantor. The Guarantor hereby acknowledges receipt of and notice of, and consents to the terms of, this Amendment.
SECTION 7. Representations and Warranties. The Transferor represents and warrants to the Administrative Agent, the Funding Agents, the CP Conduit Purchasers and the Committed Purchasers that its representations and warranties set forth in Section 3.01 of the Receivables Transfer Agreement are true and correct in all material respects, in each case as of the date hereof, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respect as of such earlier date). Such representations and warranties shall be deemed to have been made under the Receivables Transfer Agreement.
SECTION 8. Counterparts; Conditions to Effectiveness. This Amendment may be executed in two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. This Amendment will be effective on the date (the “Effective Date”) when:
(i) executed counterparts of this Amendment and the Amended and Restated Fee Letter, between the Transferor, Tyson and the Administrative Agent (the “Amended and Restated Fee Letter”), are delivered by each party hereto to the Administrative Agent;
(ii) the Transferor shall have paid to each Committed Purchaser any fee then due and payable to each Committed Purchaser under the Amended and Restated Fee Letter;
(iii) the Rating Agencies shall have provided the Rating Confirmations in accordance with Section 2.26 of the Receivables Transfer Agreement; and
(iv) the Administrative Agent has received such other documents, instruments, certificates and opinions as the Administrative Agent or any Funding Agent shall reasonably request.
SECTION 9. Agreement in Full Force and Effect. Except as expressly amended hereby, the Receivables Transfer Agreement will continue in full force and effect in accordance with the provisions thereof as in existence on the date hereof. After the date of the effectiveness hereof, any reference to the Receivables Transfer Agreement will mean the Receivables Transfer Agreement as amended by this Amendment.
SECTION 10. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
SECTION 11. Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
[Remainder of this page intentionally left blank.]
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IN WITNESS WHEREOF, the parties hereto have each caused this Amendment to be duly executed by their respective officers as of the day and year first above written.
TYSON RECEIVABLES CORPORATION,
as Transferor
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By: /s/ Xxxxxx Xxxxxxxxx |
Name: Xxxxxx Xxxxxxxxx
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Title: |
SVP Finance & Treasurer & | |
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Interim CFO |
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TYSON FOODS, INC., individually, as
Collection Agent and as Guarantor
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By: /s/ Xxxxxx Xxxxxxxxx |
Name: Xxxxxx Xxxxxxxxx
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Title: |
SVP Finance & Treasurer & | |
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Interim CFO |
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JPMORGAN CHASE BANK, N.A.
(formerly known as The Chase Manhattan
Bank), as Administrative Agent
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By: /s/ Xxxxxx Xxxxxx |
Name: Xxxxxx Xxxxxx
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Title: |
Vice President |
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XXXX XXXXXX RECEIVABLES
COMPANY, LLC, as CP Conduit Purchaser
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By: /s/ Xxxxxx Xxxxxx |
Name: Xxxxxx Xxxxxx
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Title: |
Authorized Signer |
JPMORGAN CHASE BANK, N.A.
(formerly known as The Chase Manhattan
Bank), as Committed Purchaser for Park
Avenue Receivables Company, LLC
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By: /s/ Xxxxxx Xxxxxx |
Name: Xxxxxx Xxxxxx
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Title: |
Vice President |
JPMORGAN CHASE BANK, N.A.
(formerly known as The Chase Manhattan
Bank), as Funding Agent for Park Avenue
Receivables Company, LLC
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By: /s/ Xxxxxx Xxxxxx |
Name: Xxxxxx Xxxxxx
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Title: |
Vice President |
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THREE PILLARS FUNDING LLC, as CP
Conduit Purchaser
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By: /s/ Xxxxx X. Xxxxx |
Name: Xxxxx X. Xxxxx
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Title: |
Vice President |
SUNTRUST BANK, as Committed
Purchaser for Three Pillars Funding LLC
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By: /s/ Xxxxxxx X. Xxxxxx |
Name: Xxxxxxx X. Xxxxxx
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Title: |
Director |
SUNTRUST BANK, as Funding Agent for
Three Pillars Funding LLC
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By: /s/ Xxxxxxx X. Xxxxxx |
Name: Xxxxxxx X. Xxxxxx
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Title: |
Director |
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XXXXX XXXXXXXXX RECEIVABLES
CORPORATION, as CP Conduit Purchaser
By: COÖPERATIEVE CENTRALE
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RAIFFEISEN-BOERENLEENBANK | |||
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B.A., “RABOBANK |
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INTERNATIONAL”, NEW YORK |
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BRANCH, as Attorney-in-Fact |
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By: /s/ Xxxxxxxxxx X. Arambuio |
Name: Xxxxxxxxxx X. Arambuio
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Title: |
Vice President |
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By: /s/ Xxxxxx Xx |
Name: Xxxxxx Xx
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Title: |
Executive Director |
COÖPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK
B.A., “RABOBANK
INTERNATIONAL”, NEW YORK
BRANCH, as Committed Purchaser
for Nieuw Amsterdam Receivables
Corporation
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By: /s/ Xxxxxxxxxx X. Arambuio |
Name: Xxxxxxxxxx X. Arambuio
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Title: |
Vice President |
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By: /s/ Xxxxxx Xx |
Name: Xxxxxx Xx
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Title: |
Executive Director |
COÖPERATIEVE CENTRALE
RAIFFEISEN-BOERENLEENBANK
B.A., “RABOBANK
INTERNATIONAL”, NEW YORK
BRANCH, as Funding Agent for
Nieuw Amsterdam Receivables
Corporation
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By: /s/ Xxxxxxxxxx X. Arambuio |
Name: Xxxxxxxxxx X. Arambuio
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Title: |
Vice President |
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By: /s/ Xxxxxx Xx |
Name: Xxxxxx Xx
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Title: |
Executive Director |
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