AMENDMENT XX. 0
XXXXXXXXX XX. 0, dated as of January 31, 2001, among the following:
(a) CORNELL COMPANIES, INC., a corporation duly organized and
validly existing under the laws of the State of Delaware (the "COMPANY");
(b) each of the lenders that is a signatory hereto identified
under the caption "LENDERS" on the signature pages hereto (collectively,
the "LENDERS"); and
(c) ING (U.S.) CAPITAL LLC, a Delaware limited liability company,
as agent for the Lenders (in such capacity, the "ADMINISTRATIVE AGENT").
The Company, certain of its subsidiaries, the Lenders and the
Administrative Agent are parties to a Fourth Amended and Restated Credit
Agreement, dated as of July 21, 2000 (the "CREDIT AGREEMENT"), providing,
subject to the terms and conditions thereof, for extensions of credit to be
made by the Lenders to the Company. The Company, the Lenders and the
Administrative Agent wish to modify the Credit Agreement in certain respects
and, accordingly, the parties hereto hereby agree as follows:
Section 1. DEFINITIONS. Except as otherwise defined in this
Amendment, terms defined in the Credit Agreement have the respective meanings
given to them therein.
Section 2. AMENDMENT. Subject to the satisfaction of the conditions
precedent specified in Section 5 below, but effective as of the date hereof,
the definition of "Letter of Credit Issuer" in Section 1.01 of the Credit
Agreement shall be amended in its entirety to read as follows:
""Letter of Credit Issuer" shall mean (a) ING as issuer of
Letters of Credit under Section 2.10 hereof (together with its
successors in such capacity) and (b) any other Lender designated by
the Administrative Agent and the Company as the "Letter of Credit
Issuer" with respect to any such Letter of Credit."
Section 3. DESIGNATION OF COMERICA BANK AS LETTER OF CREDIT ISSUER.
The Administrative Agent and the Company hereby designate Comerica Bank as
the "Letter of Credit Issuer" with respect to Letter of Credit number 2750,
dated March 29, 1999, in a face amount equal to $59,341.00 issued by Comerica
Bank for the account of the Company and for the benefit of Metropolitan
Edison Company d/b/a GPU Energy.
Section 4. REPRESENTATIONS AND WARRANTIES. The Company represents and
warrants to the Lenders that the representations and warranties set forth in
Section 8 of the Credit Agreement are true and complete on the date hereof,
as if made on and as of the date hereof (or, if such representation or
warranty is expressly stated to have been made as of a specific date, as of
such specific date), and as if each reference in said Section 8 to "this
Agreement" included reference to this Amendment.
Section 5. CONDITIONS PRECEDENT. As provided in Section 2 above, the
amendment to the Credit Agreement set forth in said Section 2 shall become
effective, as of the date hereof, subject to the execution and delivery of
this Amendment by the Company and Lenders constituting the Majority Lenders.
Section 6. MISCELLANEOUS. Except as herein provided, the Credit
Agreement shall remain unchanged and in full force and effect. This
Amendment may be executed in any number of counterparts, all of which taken
together shall constitute one and the same amendatory instrument and any of
the parties hereto may execute this Amendment by signing any such
counterpart. This Amendment shall be governed by, and construed in
accordance with, the internal laws of the State of New York.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed and delivered as of the day and year first above written.
CORNELL COMPANIES, INC.
By _________________________
Title:
LENDERS
ING (U.S.) CAPITAL LLC
By _________________________
Title:
BANK OF AMERICA, N.A.
By _________________________
Title:
SUNTRUST BANKS, INC.
By _________________________
Title:
COMERICA BANK
By _________________________
Title:
GUARANTY FEDERAL BANK, F.S.B.
By _________________________
Title:
FIRSTAR BANK, N.A.
By _________________________
Title:
-2-
BHF (USA) CAPITAL CORPORATION
By _________________________
Title:
SOUTHTRUST BANK
By _________________________
Title:
SUMMIT BANK
By _________________________
Title:
ADMINISTRATIVE AGENT
--------------------
ING (U.S.) CAPITAL LLC,
as Administrative Agent
By _________________________
Title:
-3-
