LA QUINTA CORPORATION LA QUINTA PROPERTIES, INC. FIRST AMENDMENT TO CREDIT AGREEMENT
Exhibit 10.1
LA QUINTA CORPORATION
LA QUINTA PROPERTIES, INC.
FIRST AMENDMENT
This FIRST AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is dated as of March 29, 2002 and entered into by and among La Quinta Corporation (formerly known as Meditrust Operating Company), a Delaware corporation ("La Quinta"), La Quinta Properties, Inc. (formerly known as Meditrust Corporation), a Delaware corporation ("La Quinta Properties," and together with La Quinta, the "Borrowers"), the financial institutions listed on the signature pages hereof ("Lenders"), CANADIAN IMPERIAL BANK OF COMMERCE, as administrative agent for Lenders ("Administrative Agent"), and for purposes of Section 4 hereof, the Credit Support Parties (as defined in Section 4 hereof) listed on the signature pages hereof, and is made with reference to that certain Credit Agreement dated as of June 6, 2001 (the "Credit Agreement"), by and among Borrowers, Lenders and Administrative Agent. Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement.
RECITALS
WHEREAS, Borrowers and Lenders desire to amend the Credit Agreement to (i) amend certain of the financial covenants set forth therein and certain related definitions; and (ii) make certain other amendments as set forth below;
NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:
Section 1. AMENDMENTS TO THE CREDIT AGREEMENT
1.1 Amendments to Section 1: Provisions Relating to Defined Terms
A. Subsection 1.1 of the Credit Agreement is hereby amended by deleting from the end of the definition of "Net Worth Adjustment Amount" the reference to ", for any four Fiscal Quarter period then ended on or prior to such date of determination".
B. Subsection 1.1 of the Credit Agreement is hereby further amended by deleting the punctuation xxxx "." at the end of the definition of "Permitted Reinvestment Capital Expenditures" and substituting in lieu thereof "plus (iii) Capital Expenditures representing the reinvestment of net proceeds from the sale of Lodging Assets, the cumulative amount of which shall not exceed the lesser of (a) the cumulative amount of net sale proceeds from the sale of Lodging Assets actually received since the Closing Date or (b) $50,000,000 per Fiscal Year."
1.2 Amendments to Section 6. Borrowers' Affirmative Covenants
Subsection 6.4B of the Credit Agreement is hereby amended by (i) deleting from the end of the first sentence the reference to "which insurance shall in no event provide for materially less coverage than the insurance in effect on the Closing Date" and (ii) deleting from the end of clause (ii) of the second sentence the reference to "from that existing on the Closing Date".
1.3 Amendments to Section 7. Borrowers' Negative Covenants
- Financial Covenants.
- Subsection 7.6A of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
- Subsection 7.6B of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
- Subsection 7.6D of the Credit Agreement is hereby amended by deleting it in its entirety and substituting the following therefor:
"A. Maximum Total Leverage Ratio. Borrowers shall not permit the Total Leverage Ratio as of the last day of any Fiscal Quarter set forth below to exceed the correlative ratio indicated below:
|
Period |
Maximum Total Leverage Ratio |
|
|
1st Fiscal Quarter, Fiscal Year 2002 |
4.60:1.00 |
|
|
2nd Fiscal Quarter, Fiscal Year 2002 |
4.60:1.00 |
|
|
3rd Fiscal Quarter, Fiscal Year 2002 |
4.80:1.00 |
|
|
4th Fiscal Quarter, Fiscal Year 2002 |
4.60:1.00 |
|
|
1st Fiscal Quarter, Fiscal Year 2003 |
4.50:1.00 |
|
|
2nd Fiscal Quarter, Fiscal Year 2003 |
4.00:1.00 |
|
|
3rd Fiscal Quarter, Fiscal Year 2003 |
4.00:1.00 |
|
|
4th Fiscal Quarter, Fiscal Year 2003 |
4.00:1.00 |
|
|
1st Fiscal Quarter, Fiscal Year 2004 |
4.00:1.00 |
|
|
2nd Fiscal Quarter, Fiscal Year 2004 |
3.75:1.00 |
"B. Minimum Lodging EBITDA. Borrowers shall not permit Lodging EBITDA for any four consecutive Fiscal Quarter period ending on the last day of any Fiscal Quarter set forth below to be less than the amount indicated which required amount shall be reduced by the amount of Lodging EBITDA generated by or attributable to Lodging Assets which were the subject of a disposition after the Closing Date:
|
Period |
Minimum Lodging EBITDA |
|
|
1st Fiscal Quarter, Fiscal Year 2002 |
$160,000,000 |
|
|
2nd Fiscal Quarter, Fiscal Year 2002 |
$160,000,000 |
|
|
3rd Fiscal Quarter, Fiscal Year 2002 |
$160,000,000 |
|
|
4th Fiscal Quarter, Fiscal Year 2002 |
$160,000,000 |
|
|
1st Fiscal Quarter, Fiscal Year 2003 and |
$180,000,000 |
"D. Minimum Fixed Charge Coverage Ratio. Borrowers shall not permit the ratio of (i) Consolidated EBITDA minus the Capital Expenditure Reserve to (ii) Fixed Charges for any four consecutive Fiscal Quarter period ending on the last day of any Fiscal Quarter set forth below to be less than the correlative ratio indicated:
|
Period |
Minimum Fixed Charge Coverage Ratio |
|
|
1st Fiscal Quarter, Fiscal Year 2002 |
1.55:1.00 |
|
|
2nd Fiscal Quarter, Fiscal Year 2002 |
1.55:1.00 |
|
|
3rd Fiscal Quarter, Fiscal Year 2002 |
1.50:1.00 |
|
|
4th Fiscal Quarter, Fiscal Year 2002 |
1.55:1.00 |
|
|
1st Fiscal Quarter, Fiscal Year 2003 |
1.55:1.00 |
|
|
2nd Fiscal Quarter, Fiscal Year 2003 |
1.60:1.00 |
|
|
3rd Fiscal Quarter, Fiscal Year 2003 |
1.60:1.00 |
|
|
4th Fiscal Quarter, Fiscal Year 2003 |
1.60:1.00 |
|
|
1st Fiscal Quarter, Fiscal Year 2004 and |
1.70:1.00 |
Section 2. CONDITIONS TO EFFECTIVENESS
Section 1 of this Amendment shall become effective only upon the satisfaction of all of the following conditions precedent (the date of satisfaction of such conditions being referred to herein as the "First Amendment Effective Date"):
- On or before the First Amendment Effective Date, Borrowers shall deliver to Lenders (or to Administrative Agent for Lenders) the following, each, unless otherwise noted, dated the First Amendment Effective Date:
- Signature and incumbency certificates of each Loan Parties' officers executing this Amendment; and
- Copies of this Amendment executed by Borrowers and the Credit Support Parties.
- Requisite Lenders shall have executed this Amendment.
- The Borrowers shall have paid to each Lender that executes and returns this Amendment to the Administrative Agent prior to noon Los Angeles time on March 29, 2002, a fee equal to 12.5 basis points of the sum of such Lender's Term Loan Exposure plus such Lender's Revolving Loan Exposure as in effect as of the date hereof.
- On or before the First Amendment Effective Date, all corporate and other proceedings taken or to be taken in connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent, acting on behalf of Lenders, and its counsel shall be satisfactory in form and substance to Administrative Agent and such counsel, and Administrative Agent and such counsel shall have received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request.
Section 3. BORROWERS' REPRESENTATIONS AND WARRANTIES
In order to induce Lenders to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, each Borrower represents and warrants to each Lender that the following statements are true, correct and complete:
- Corporate Power and Authority. Each Loan Party has all requisite corporate power and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment (the "Amended Agreement").
- Authorization of Agreements. The execution and delivery of this Amendment and the performance of the Amended Agreement have been duly authorized by all necessary corporate action on the part of each Loan Party.
- No Conflict. The execution and delivery by each Loan Party of this Amendment and the performance by each Loan Party of the Amended Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to any Loan Party, the Certificate or Articles of Incorporation or Bylaws of any Loan Party or any order, judgment or decree of any court or other agency of government binding on any Loan Party, (ii) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of any Loan Party, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of any Loan Party (other than Liens created under any of the Loan Documents in favor of Administrative Agent on behalf of Lenders and the Senior Notes), or (iv) require any approval of stockholders or any approval or consent of any Person under any Contractual Obligation of any Loan Party.
- Governmental Consents. The execution and delivery by each Loan Party of this Amendment and the performance by each Loan Party of the Amended Agreement do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any federal, state or other governmental authority or regulatory body.
- Binding Obligation. This Amendment and the Amended Agreement have been duly executed and delivered by each Loan Party and are the legally valid and binding obligations of each Loan Party, enforceable against each Loan Party in accordance with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally or by equitable principles relating to enforceability.
- Incorporation of Representations and Warranties From Credit Agreement. The representations and warranties contained in Section 5 of the Credit Agreement are and will be true, correct and complete in all material respects on and as of the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date.
- Absence of Default. No event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment that would constitute an Event of Default or a Potential Event of Default.
Section 4. ACKNOWLEDGEMENT AND CONSENT
Each Borrower is a party to the Pledge Agreement and certain of the Collateral Documents, as amended through the First Amendment Effective Date, pursuant to which each Borrower has created Liens in favor of Administrative Agent on certain Collateral to secure the Obligations. Each Subsidiary Guarantor is a party to the Pledge Agreement, the Subsidiary Guaranty and certain of the Collateral Documents, in each case as amended through the First Amendment Effective Date, pursuant to which each Subsidiary Guarantor has (i) guarantied the Obligations and (ii) created Liens in favor of Administrative Agent on certain Collateral and pledged certain Collateral to Administrative Agent to secure the obligations of such Subsidiary Guarantor under the Subsidiary Guaranty. Each Borrower and Subsidiary Guarantor are collectively referred to herein as the "Credit Support Parties", and the Pledge Agreement and the Subsidiary Guaranty are collectively referred to herein as the "Credit Support Documents".
Each Credit Support Party hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement and this Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment. Each Credit Support Party hereby confirms that each Credit Support Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guaranty or secure, as the case may be, to the fullest extent possible the payment and performance of all "Obligations" and "Secured Obligations," as the case may be (in each case as such terms are defined in the applicable Credit Support Document), including without limitation the payment and performance of all such "Obligations" and "Secured Obligations," as the case may be, in respect of the Obligations of each Borrower now or hereafter existing under or in respect of the Amended Agreement and the Notes defined therein.
Each Credit Support Party acknowledges and agrees that any of the Credit Support Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Credit Support Party represents and warrants that all representations and warranties contained in the Amended Agreement and the Credit Support Documents to which it is a party or otherwise bound are true, correct and complete in all material respects on and as of the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all material respects on and as of such earlier date.
Each Credit Support Party (other than the Borrowers) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit Agreement.
Section 5. MISCELLANEOUS
- Reference to and Effect on the Credit Agreement and the Other Loan Documents.
- On and after the First Amendment Effective Date, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the "Credit Agreement", "thereunder", "thereof" or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Agreement.
- Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.
- The execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of Administrative Agent or any Lender under, the Credit Agreement or any of the other Loan Documents.
- Fees and Expenses. Each Borrower acknowledges that all costs, fees and expenses as described in subsection 10.2 of the Credit Agreement incurred by Administrative Agent and its counsel with respect to this Amendment and the documents and transactions contemplated hereby shall be for the account of the Borrowers.
- Headings. Section and subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect.
- Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES.
- Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.
BORROWERS:
LA QUINTA CORPORATION
By: _/s/ Xxxxx X. Rea_____________
Name: Xxxxx X. Xxx
Title: Executive Vice President &
Chief Financial Officer
LA QUINTA PROPERTIES, INC.
By: _/s/ Xxxxx X. Rea_____________
Name: Xxxxx X. Xxx
Title: Executive Vice President &
Chief Financial Officer
CREDIT SUPPORT PARTIES:
MEDITRUST HEALTHCARE CORPORATION
MEDITRUST MORTGAGE INVESTMENTS, INC.
MEDITRUST FINANCIAL SERVICES CORPORATION
By: _/s/ Xxxxx X. Rea_____________
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
Name: Xxxxx X. Xxx
Title: Chief Financial Officer and Treasurer
MEDITRUST TRS, INC.
LA QUINTA TRS, INC.
LA QUINTA TRS II, INC.
LA QUINTA TRS III, INC.
LA QUINTA TRS IV, INC.
By: _/s/ Xxxxxxx X. Cash________
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
Name: Xxxxxxx X. Xxxx
Title: President
LA QUINTA REALTY CORP.
LQI ACQUISITION CORPORATION
LA QUINTA INVESTMENTS, INC.
LA QUINTA LEASING COMPANY
LA QUINTA INNS, INC.
MOC HOLDING COMPANY
By: _/s/ Xxxxx X. Rea_____________
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
Name: Xxxxx X. Xxx
Title: Executive Vice President &
Chief Financial Officer
LA QUINTA FRANCHISE, LLC
LA QUINTA WORLDWIDE, LLC
By: _/s/ Xxxxx X. Rea_____________
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
Name: Xxxxx X. Xxx
Title: Manager, President and Treasurer
LA QUINTA TEXAS PROPERTIES, L.P. (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA REALTY CORP.
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President,
Chief Financial Officer &
Treasurer
LQ INVESTMENTS I
LQ INVESTMENTS II
LQ - EAST IRVINE JOINT VENTURE
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA PROPERTIES, INC., as Partner
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President and Chief Financial Officer
LQC LEASING, LLC
LA QUINTA LODGING INVESTMENTS, LLC
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA PROPERTIES, INC., as Sole Member
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President and Chief Financial Officer
LQ - LNL, L.P.
LQ BATON ROUGE JOINT VENTURE
LA QUINTA DENVER - PEORIA STREET LTD.
LA QUINTA DEVELOPMENT PARTNERS, L.P.
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA PROPERTIES, INC., as General Partner
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President
and Chief Financial Officer
MT LIMITED I LLC
MEDITRUST ACQUISITION COMPANY LLC
MEDITRUST ACQUISITION COMPANY II LLC
MT GENERAL LLC
By: MEDITRUST HEALTHCARE CORPORATION, as Manager
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Chief Financial Officer &
Treasurer
LQM OPERATING PARTNERS, L.P.
By: LA QUINTA REALTY CORP., its General Partner
On behalf of each of the entities immediately preceding this signature block (for the purposes of Section 4 only), as a Credit Support Party
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President,
Chief Financial Officer & Treasurer
TELEMATRIX, INC. (for the purposes of Section 4 only), as a Credit Support Party
By: _/s/ Xxxxx X. Rea_____________
Name: Xxxxx X. Xxx
Title: Assistant Treasurer
T AND F PROPERTIES, LP (for the purposes of Section 4 only), as a Credit Support Party
By: MT GENERAL LLC, as General Partner
By: MEDITRUST HEALTHCARE CORPORATION, its Manager
By: _/s/ Xxxxx X. Rea__ Name: Xxxxx X. Xxx
Title: Chief Financial Officer and Treasurer
MEDITRUST MANAGEMENT COMPANY (for the purposes of Section 4 only), as a Credit Support Party
By: MEDITRUST HEALTHCARE CORPORATION, its Trustee
By: _/s/ Xxxxx X. Rea______
Name: Xxxxx X. Xxx
Title: Executive Vice President,
Chief Financial Officer and Treasurer
LQ - WB, LLC (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA LEASING COMPANY, a Manager
By: _/s/ Xxxxx X. Rea_____________
Name: Xxxxx X. Xxx
Title: Executive Vice President, Chief Financial Officer and Treasurer
TELEMATRIX EQUIPMENT LLC (for the purposes of Section 4 only), as a Credit Support Party
By: LA QUINTA LEASING COMPANY, a Manager
By: _/s/ Xxxxx X. Rea_____________
Name: Xxxxx X. Xxx
Title: Executive Vice President , Chief Financial Officer and Treasurer
ADMINISTRATIVE AGENT:
CANADIAN IMPERIAL BANK OF COMMERCE, as Administrative Agent
By: _/s/ Xxxx X. Decker_____________
Xxxx X. Xxxxxx
Managing Director
CIBC World Markets Corp., AS AGENT
Notice Address:
CANADIAN IMPERIAL BANK OF COMMERCE
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn.: Agency Services Dept.
Facsimile No.: (000) 000-0000
With a Copy to:
CIBC WORLD MARKETS CORP.
00000 Xxxxxxxx Xxxxxxxxx, Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
LENDERS:
CIBC, INC., as a Lender
By: _/s/ Xxxx X. Decker_____________
Xxxx X. Xxxxxx
Managing Director
CIBC World Markets Corp., AS AGENT
Notice Address:
CIBC, INC.
000 Xxxxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attn.: Agency Services Dept.
Facsimile No.: (000) 000-0000
With a Copy to:
CIBC WORLD MARKETS CORP.
00000 Xxxxxxxx Xxxxxxxxx, Xxxxx 0000
Xxx Xxxxxxx, Xxxxxxxxxx 00000
FLEET NATIONAL BANK, as a Lender
By: _/s/ Xxxx X. Luster_____________
Name: Xxxx X. Xxxxxx
Title: Vice President
Notice Address:
Fleet National Bank
Xxxx X. Xxxxxx
Vice President
000 Xxxx Xxxxxx
Xxxxxxxx, XX 00000
Mail Stop: CTEH40224E
XXXXXX COMMERCIAL PAPER INC.
By: _/s/ Xxxxxxx Swanson____________
Name: ___ Xxxxxxx Swanson________
Title: ____Authorized Signatory_____
JPMorgan Chase Bank, as a Lender
By: _/s/ Xxxx X. Mix____________
Name: ___ Xxxx X. Mix ________
Title: ____Vice-President _____
CREDIT LYONNAIS New York Branch, as a Lender
By: _/s/ Bruno DeFloor__________ __
Name: ___ Bruno DeFloor _____ __
Title: ____Vice President__ __
ELF Funding Trust I
By: Highland Capital Management, L.P. , As Collateral Manager
By: _/s/ Xxxxx Xxxxx __________ __
Name: Louis Koven___ _____ __
Title: Executive Vice President-CFO
Highland Capital Management, L.P.___
EMERALD ORCHARD LIMITED
By: _/s/Xxxxxx Xxxxx __________ __
Name: Xxxxxx Malek___ _____ __
Title: Attorney in Fact____ __ __
Pamco Cayman, Ltd.
By: Highland Capital Management, L.P., As Collateral Manager
By: _/s/ Xxxxx Xxxxx __________ __
Name: Louis Koven___ _____ __
Title: Executive Vice President-CFO
Highland Capital Management, L.P.___
GLENEAGLES TRADING LLC
By: _/s/ Xxx X. Xxxxxx __________ __
Name: Xxx X. Morris___ _____ __
Title: Assistant Vice President____ _
Highland Loan Funding V Ltd
By: Highland Capital Management, L.P., As Collateral Manager
By: _/s/Xxxxx Xxxxx __________ __
Name: Louis Koven___ _____ __
Title: Executive Vice President-CFO
Highland Capital Management, L.P.___
SRV-HIGHLAND, INC.
By: _/s/ Xxx X. Xxxxxx __________ __
Name: Xxx X. Morris___ _____ __
Title: Assistant Vice President____ __
KZH HIGHLAND-2 LLC, as a Lender
By: _/s/ Xxxxxxxx Xxxxxx __________
Name: Virginia Conway___ _____ __
Title: Authorized Agent____ __
KZH PAMCO, as a Lender
By: _/s/Xxxxxxxx Xxxxxx ______
Name: Virginia Conway__ _____ __
Title: Authorized Agent____ __
BLUE SQUARE FUNDING SERIES 3
By: Bankers Trust Company,
as Trustee
By: _/s/ Xxxxx Xxxxxxxx __________ __
Name: Xxxxx Anderson___ _____ __
Title: Assistant Vice President____ __
CSAM FUNDING 1, as a Lender
By: _/s/ Xxxxx X. Xxxxxx _________ __
Name: Xxxxx X. Lerner___ _____ __
Title: Autorized Signatory____ _
FIRST DOMINION FUNDING 1, as a Lender
By: _/s/ Xxxxx X. Xxxxxx __________ __
Name: Xxxxx X. Lerner___ _____ __
Title: Authorized Signatory____ __
FIRST DOMINION FUNDING II, as a Lender
By: _/s/ Xxxxx X. Xxxxxx __________ __
Name: Xxxxx X. Lerner___ _____ __
Title: Authorized Signatory____ __
XXXXXXXX CDO,LTD
By: Xxxxxxxxx Capital Partners LLC
As its Collateral Manager
By: _/s/ Xxxxxxx X. Xxxxx __________
Name: Xxxxxxx X. Smith___ _____ __
Title: Partner ____ __
XXXXXXXXX ARBITAGE CDO, Ltd.
By: Xxxxxxxxx Capital Partners, LLC
As its Collateral Manager
By: _/s/ Xxxxxxx X. Xxxxx __________
Name: Xxxxxxx X. Smith___ _
Title: Partner ____ __
XXXXXXXXX CLO Ltd.
By: Xxxxxxxxx Capital Parnters LLC
As its Collateral Manager
By: _/s/ Xxxxxxx X. Xxxxx __________
Name: Xxxxxxx X. Xxxxx ___ _____ __
Title: Partner ____ __
XXXXXXXXX/RMF TRANSATLANTIC CDO Ltd.
By: Xxxxxxxxx Capital Partners LLC
As its Collateral Manager
By: _/s/Xxxxxxx X. Xxxxx __________
Name: Xxxxxxx X. Xxxxx ___ _
Title: Partner ____ __
Windsor Loan Funding, Limited
By: Xxxxxxxxx Capital Partners LLC
As its Investment Manager
By: _/s/ Xxxxxxx X. Xxxxx __________
Name: Xxxxxxx X. Smith___ _
Title: Partner ____ __
ARES Leveraged Investment Fund II, L.P.
By: ARES Management II, L.P.
Its: General Partner
By: _/s/ Xxxx X. Xxxxxxx __________ __
Name: Xxxx X. Xxxxxxx ___ _____ __
Title: Vice President ____ __
ARES III CLO Ltd.
By: ARES CLO Management LLC
By: _/s/ Xxxx X. Xxxxxxx __________ __
Name: Xxxx X. Brufsky___ _____ __
Title: Vice President ____ __
ARES IV CLO Ltd.
By: Ares CLO Management IV, L.P.,
Investment Manager
By: Ares CLO XX XX, LLC
Its Managing Member
By: _/s/Xxxx X. Xxxxxxx __________ __
Name: Xxxx X. Brufsky___ _____ __
Title: Vice President ____ __
ARES V CLO Ltd.
By: ARES CLO Management V, LP,
Investment Manager
By ARES CLO GP V, LLC,
Its Managing Member
By: _/s/ Xxxx X. Xxxxxxx __________ __
Name: Xxxx X. Brufsky___ _____ __
Title: Vice President ____ __
LONG LANE MASTER TRUST IV,
as a Lender
By: Fleet National Bank as Trust
Administrator
By: _/s/ Xxxxxx X. Xxxxxx __________
Name: Xxxxxx X. Bartel___ _____ __
Title: Vice President ____ __
FRANKLIN CLO II, LIMITED
as a Lender
By: _/s/ Xxxxxxx X'Xxxxxxx _________
Name: Xxxxxxx X'Xxxxxxx ___ __
Title: Vice President ____ __
FRANKLIN FLOATING RATE MASTER
SERIES, as a Lender
By: _/s/ Xxxxxxx X'Xxxxxxx __________
Name: Xxxxxxx X'Xxxxxxx ___ __
Title: Vice President ____ __
Fidelity Advisor Series II:
Fidelity Advisor Floating Rate High
Income (as a Lender)
By: _/s/ Xxxx Xxxxxxxx __________ __
Name: Xxxx Costello___ _____ __
Title: Assistant Treasurer ____ __
Ballyrock CDO I Limited
BY: BALLYROCK Investment Advisors LLC, as Collateral Manager
By: _/s/ Xxxx Xxxxx __________ __
Name: Xxxx Rymut___ _____ __
Title: Assistant Treasurer ____ __
BEAR XXXXXXX INVESTMENT
PRODUCTS INC, as a Lender
By: _/s/ Xxxxx X. Xxxxxxx __________
Name: Xxxxx X. Barnish___ _____ __
Title: Authorized Signatory __
XXXXXXX SACHS CREDIT
PARTNERS L.P. as a Lender
By: _/s/ Xxxxxx X. Xxxxxxx ___________
Name: Xxxxxx X. Fanelli___ _____ __
Title: Authorized Signatory____ __
BANK OF MONTREAL
By: _/s/ X. Xxxxx __________ __
Name: S. Valia___ _____ __
Title: MD ____ __
SIERRA CLO I as a Lender
By: _/s/ Xxxx X. Xxxxxxxxx _________
Name: Xxxx X. Xxxxxxxxx ____ __
Title: Chief Operating Officer ____ Centre Pacific, Manager __
SRF TRADING, INC.
By: _/s/Xxx X. Xxxxxx ____________
Name: Xxx X. Morris___ _____ __
Title: Assistant Vice President __
SRF 2000 LLC
By: _/s/ Xxx X. Xxxxxx __________ __
Name: Xxx X. Morris___ _____ __
Title: Assistant Vice President __
Xxxxx Xxx & Farnharn CLO I Ltd.
By: Xxxxx Xxx & Farnharn Incorporated As Portfolio Manager
By: _/s/ Xxxxx X. Xxxxxxx ___________
Name: Xxxxx X. Fellows___ ___ __
Title: Sr. Vice President & Portfolio Manager ____ __
Xxxxx Xxx Floating Rate Limited
Liability Company
By: _/s/ Xxxxx X. Xxxxxxx ___________
Name: Xxxxx X. Fellows___ ___ __
Title: Xxxxx Xxx & Xxxxxxx Incorporated, as Advisor to the Xxxxx Xxx Floating Rate Limited Liability Company ____ __
NORMURA BOND & LOAN FUND
By: UFJ Trust Company of New York as Trustee
By: Nomura Corporate Research and Asset Management Inc. Attorney in Fact
By: _/s/ Xxxxxxxxx Xxxxxxx ___________
Name: Xxxxxxxxx Maclean___ ___
Title: Vice President __ __ __
