FIRST AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT
Exhibit 10.4
FIRST AMENDMENT TO THIRD AMENDED AND RESTATED
THIS FIRST AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT (this
“Amendment”), dated as of August 31, 2009, is entered into among WESCO RECEIVABLES CORP.
(the “Seller”), WESCO DISTRIBUTION, INC. (the “Servicer”), the Purchasers (each, a
“Purchaser”) and Purchaser Agents (each, a “Purchaser Agent”) party hereto, and PNC
BANK, NATIONAL ASSOCIATION, as Administrator (the “Administrator”).
RECITALS
1. The Seller, Servicer, each Purchaser, each Purchaser Agent and the Administrator are
parties to the Third Amended and Restated Receivables Purchase Agreement dated as of April 13, 2009
(as amended through the date hereof, the “Agreement”); and
2. The parties hereto desire to amend the Agreement as hereinafter set forth.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:
1. Certain Defined Terms. Capitalized terms that are used herein without definition
and that are defined in Exhibit I to the Agreement shall have the same meanings herein as
therein defined.
2. Amendment to the Agreement. Schedule II to the Agreement is hereby amended
and restated in its entirety as attached hereto.
3. Representations and Warranties. The Seller and Servicer hereby represent and
warrant to each of the parties hereto as follows:
(a) Representations and Warranties. The representations and warranties
contained in Exhibit III of the Agreement are true and correct as of the date
hereof.
(b) No Default. Both before and immediately after giving effect to this
Amendment and the transactions contemplated hereby, no Termination Event or Unmatured
Termination Event exists or shall exist.
4. Effect of Amendment. All provisions of the Agreement, as expressly amended and
modified by this Amendment shall remain in full force and effect. On and after the Effective Date,
all references in the Agreement (or in any other Transaction Document) to “this Agreement”,
“hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be
references to the Agreement as amended by this Amendment. This Amendment shall not be deemed,
either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other
than as set forth herein.
5. Effectiveness. This Amendment shall become effective as of the date (the
“Effective Date”) on which the Administrator receives each of the following: (i)
counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the other
parties hereto, in form and substance satisfactory to the Administrator in its sole discretion,
(ii) counterparts of that certain Seventh Amendment to Lockbox Service Agreement, dated as of the
date hereof, among the Seller, the Servicer, the Administrator and each Purchaser Agent (whether by
facsimile or otherwise) executed by each of the parties thereto, in form and substance satisfactory
to the Administrator in its sole discretion and (iii) such other agreements, documents and
instruments as the Administrator shall request.
6. Counterparts. This Amendment may be executed in any number of counterparts and by
different parties on separate counterparts, each of which when so executed shall be deemed to be an
original and all of which when taken together shall constitute but one and the same instrument.
7. Governing Law; Jurisdiction.
7.1 THIS AMENDMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF
THE STATE OF NEW YORK (INCLUDING FOR SUCH PURPOSE SECTIONS 5-1401 AND 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK).
7.2 ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT MAY BE BROUGHT IN THE
COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW
YORK; AND, BY EXECUTION AND DELIVERY OF THIS AMENDMENT, EACH OF THE PARTIES HERETO CONSENTS,
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE
COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY
LAW, ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS
OF FORUM NON CONVENIENS, THAT IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR
PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AMENDMENT OR ANY DOCUMENT RELATED HERETO.
EACH OF THE PARTIES HERETO WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER
PROCESS, WHICH SERVICE MAY BE MADE BY ANY OTHER MEANS PERMITTED BY NEW YORK LAW.
8. Section Headings. The various headings of this Amendment are included for
convenience only and shall not affect the meaning or interpretation of this Amendment, the
Agreement or any provision hereof or thereof.
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first
written above.
WESCO RECEIVABLES CORP. | ||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | Treasurer | |||
WESCO DISTRIBUTION, INC., as Servicer | ||||
By: | /s/ Xxxxxx X. Xxxxxxx | |||
Name: | Xxxxxx X. Xxxxxxx | |||
Title: | VP & Treasurer |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-1
PNC BANK, NATIONAL ASSOCIATION, | ||||
as Administrator | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-2
THE CONDUIT PURCHASERS AND THE PURCHASER AGENTS: | ||||
MARKET STREET FUNDING LLC, as a Conduit Purchaser |
||||
By: | /s/ Xxxxx X. Xxxxx | |||
Name: | Xxxxx X. Xxxxx | |||
Title: | Vice President | |||
PNC BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Market Street Funding LLC |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-3
WACHOVIA BANK, NATIONAL ASSOCIATION, as a Conduit Purchaser |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President | |||
WACHOVIA BANK, NATIONAL ASSOCIATION, as Purchaser Agent for Wachovia Bank, National Association |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R XXX
TO WESCO 3RD A&R XXX
X-0
FIFTH THIRD BANK, as a Conduit Purchaser | ||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
Title: | Assistant Vice President | |||
FIFTH THIRD BANK, | ||||
as Purchaser Agent for Fifth Third Bank | ||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
Title: | Assistant Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-5
U.S. BANK NATIONAL ASSOCIATION, as a Conduit Purchaser | ||||
By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Assistant Vice President | |||
U.S. BANK NATIONAL ASSOCIATION, | ||||
as Purchaser Agent for U.S. Bank National Association | ||||
By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Assistant Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-6
THE PRIVATEBANK AND TRUST COMPANY, as a Conduit Purchaser | ||||
By: | /s/ Xxxxxx X. Xxxxx Xx. | |||
Name: | Xxxxxx X. Xxxxx Xx. | |||
Title: | Managing Director | |||
THE PRIVATEBANK AND TRUST COMPANY, | ||||
as Purchaser Agent for The PrivateBank and Trust Company | ||||
By: | /s/ Xxxxxx X. Xxxxx Xx. | |||
Name: | Xxxxxx X. Xxxxx Xx. | |||
Title: | Managing Director |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-7
THE HUNTINGTON NATIONAL BANK, as a Conduit Purchaser | ||||
By: | /s/ W. Xxxxxxxxxxx Xxxxxx | |||
Name: | W. Xxxxxxxxxxx Xxxxxx | |||
Title: | Vice President | |||
THE HUNTINGTON NATIONAL BANK, | ||||
as Purchaser Agent for The Huntington National Bank | ||||
By: | /s/ W. Xxxxxxxxxxx Xxxxxx | |||
Name: | W. Xxxxxxxxxxx Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-8
THE RELATED COMMITTED PURCHASERS: | ||||
PNC BANK, NATIONAL ASSOCIATION, | ||||
as a Related Committed Purchaser for Market Street Funding LLC |
||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R XXX
TO WESCO 3RD A&R XXX
X-0
FIFTH THIRD BANK, as a Related Committed Purchaser for Fifth Third Bank | ||||
By: | /s/ Xxxxxx X. Xxxxx | |||
Name: | Xxxxxx X. Xxxxx | |||
Title: | Assistant Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-10
WACHOVIA BANK, NATIONAL ASSOCIATION, as a Related Committed Purchaser for Wachovia Bank, National Association | ||||
By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-11
U.S. BANK NATIONAL ASSOCIATION, as a Related Committed Purchaser for U.S. Bank National Association | ||||
By: | /s/ Xxxxxxx Xxxxxx | |||
Name: | Xxxxxxx Xxxxxx | |||
Title: | Assistant Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-12
THE PRIVATEBANK AND TRUST COMPANY, as a Related Committed Purchaser for The PrivateBank and Trust Company | ||||
By: | /s/ Xxxxxx X. Xxxxx Xx. | |||
Name: | Xxxxxx X. Xxxxx Xx. | |||
Title: | Managing Director |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-13
THE HUNTINGTON NATIONAL BANK, as a Related Committed Purchaser for The Huntington National Bank | ||||
By: | /s/ W. Xxxxxxxxxxx Xxxxxx | |||
Name: | W. Xxxxxxxxxxx Xxxxxx | |||
Title: | Vice President |
FIRST AMENDMENT
TO WESCO 3RD A&R RPA
TO WESCO 3RD A&R RPA
S-14
SCHEDULE II
LOCK-BOX BANKS AND LOCK-BOX ACCOUNTS
Sch. II-1