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EXHIBIT 4.6
MASTER ASSIGNMENT AND ACCEPTANCE
Reference is made to the Credit Agreement dated as of March 25, 1998
(as amended by that CERTAIN First Amendment dated as of May 1, 1998 and by that
certain Second Amendment dated as of May 5, 1998 and as hereinafter amended from
time to time, the "CREDIT AGREEMENT") among NCI Building Systems, Inc., a
Delaware corporation ("BORROWER"), the Lenders (as defined in the Credit
Agreement), the other parties to such Credit Agreement and NationsBank of Texas,
N.A., as Administrative Agent for the Lenders ("AGENT"). Terms defined in the
Credit Agreement are used herein with the same meaning.
The "ASSIGNORS" and the "ASSIGNEES" referred to on SCHEDULE 1 agree as
follows:
1. The Assignors hereby sell and assign to the Assignees, without
recourse and without representation or warranty except as expressly set forth
herein, and the Assignees hereby purchase and assume from the Assignors,
interests in and to the Assignors' rights and obligations under the Loan
Documents as of the date hereof equal to the percentage interests specified on
SCHEDULE I of all outstanding rights and obligations under the Loan Documents.
After giving effect to such sales and assignments, the Commitments of the
Assignees and the remaining Commitments of the Assignors and the amounts of the
Loans owing to the Assignees and Assignors will be as set forth on SCHEDULE 1.
2. Each Assignor (i) represents and warrants that it is the legal and
beneficial owner of the interests being assigned by it hereunder and that such
interests are free and clear of any adverse claim; (ii) makes no representation
or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with the Loan Documents
or the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Loan Documents; (iii) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of any Company
or the performance or observance by any Company of any of its obligations under
the Loan Documents; and (iv) attaches the Note held by the Assignor and requests
that Agent exchange such Note for new Notes payable to the order of each
Assignee in an amount equal to the Commitments assumed by such Assignee pursuant
hereto and to such Assignor in an amount equal to the Commitments retained by
such Assignor as specified on SCHEDULE 1.
3. Each Assignee (i) confirms that it has received a copy of the Credit
Agreement, together with copies of the financial statements referred to in
SECTION 8.1 thereof and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this
Assignment and Acceptance; (ii) agrees that it will, independently and without
reliance upon Agent, the Assignors or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to
make its own credit decisions in taking or not taking action under the Credit
Agreement; (iii) appoints and authorizes Agent to take such action as agent on
its behalf and to exercise such powers and discretion under the Credit Agreement
as are delegated to Agent by the terms thereof, together with such powers and
discretion as are reasonably incidental thereto; (iv) agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of the Credit Agreement are required to be performed by it as a Lender; and (v)
attaches any U.S. Internal Revenue Service or other forms required under SECTION
3.20(d) of the Credit Agreement.
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4. Following the execution of this Assignment and Acceptance, it will
be delivered to Agent for acceptance and recording by Agent. The effective date
for this Assignment and Acceptance (the "Effective Date") shall be the date
specified on SCHEDULE 1.
5. Upon such acceptance and recording by Agent, as of the Effective
Date, (i) each Assignee shall be a parry to the Credit Agreement and, to the
extent provided in this Assignment and Acceptance, have the rights and
obligations of a Lender thereunder and (ii) each Assignor shall, to the extent
provided in this Assignment and Acceptance and in the Credit Agreement,
relinquish its rights and be released from its obligations under the Credit
Agreement.
6. Upon such acceptance and recording by Agent, from and after the
Effective Date, Agent shall make all payments under the Credit Agreement and the
Notes in respect of the interest assigned hereby (including, without limitation,
all payments of principal, interest and commitment fees with respect thereto) to
the Assignees. The Assignors and Assignees shall make all appropriate
adjustments in payments under the Credit Agreement and the Notes for periods
prior to the Effective Date directly between themselves.
7. This Assignment and Acceptance shall be governed by, and construed
in accordance with, the laws of the State of Texas.
8. This Assignment and Acceptance may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement. Delivery of an executed
counterpart of SCHEDULE 1 to this Assignment and Acceptance by telecopier shall
be effective as delivery of a manually executed counterpart of this Assignment
and Acceptance.
IN WITNESS WHEREOF, the Assignors and the Assignees have caused
Schedule I to this Assignment and Acceptance to be executed by their officers
thereunto duly authorized as of the date specified thereon.
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SCHEDULE 1
to
ASSIGNMENT AND ACCEPTANCE
FACILITY A COMMITMENT AND FACILITY B COMMITMENT AND
LENDER PERCENTAGE PERCENTAGE
----------------------------------------- -------------------------- -------------------------
NationsBank of Texas, N.A $ 15,250,000 7.625% $ 15,250,000 7.625%
------------ ------- ------------ -------
Swiss Bank Corporation $ 13,000,000 6.50% $ 13,000,000 6.50%
------------ ------- ------------ -------
First Union National Bank $ 13,000,000 6.50% $ 13,000,000 6.50%
------------ ------- ------------ -------
The Bank of Nova Scotia $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Compagnie Financiere de CIC et de L'Union
Europeenne $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Comerica Bank $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Credit Lyonnais New York Branch $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Creditanstalt Corporate Finance, Inc. $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
General Electric Capital Corporation $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Societe Generale $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
The Sumitomo Bank, Limited $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
Wachovia Bank, N.A $ 11,250,000 5.625% $ 11,250,000 5.625%
------------ ------- ------------ -------
CIBC, Inc. $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
Credit Agricole Indosuez $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
The Fuji Bank, Limited - Houston Agency $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
Imperial Bank, a California Banking Corp. $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
The Industrial Bank of Japan, Limited $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
The Long-Term Credit Bank of Japan, Limited $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
Union Bank of California, N.A $ 7,500,000 3.75% $ 7,500,000 3.75%
------------ ------- ------------ -------
Southwest Bank of Texas N.A $ 5,000,000 2.50% $ 5,000,000 2.50%
------------ ------- ------------ -------
------------ ------- ------------ -------
TOTAL $200,000,000 100% $200,000,000 100%
------------ ------- ------------ -------
FACILITY C COMMITMENT AND TOTAL COMMITMENT AND
LENDER PERCENTAGE PERCENTAGE
----------------------------------------- ------------------------------ ------------------------
NationsBank of Texas, N.A $140,000,000 70% $170,500,000 28.42%
------------ ------------ ------------ ------
Swiss Bank Corporation $ 60,000,000 30% $ 86,500,000 14.33%
------------ ------------ ------------ ------
First Union National Bank $ 0 0% $ 26,000,000 4.33%
------------ ------------ ------------ ------
The Bank of Nova Scotia $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Compagnie Financiere de CIC et de L'Union
Europeenne $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Comerica Bank $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Credit Lyonnais New York Branch $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Creditanstalt Corporate Finance, Inc. $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
General Electric Capital Corporation $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Societe Generale $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
The Sumitomo Bank, Limited $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
Wachovia Bank, N.A $ 0 0% $ 22,500,000 3.75%
------------ ------------ ------------ ------
CIBC, Inc. $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
Credit Agricole Indosuez $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
The Fuji Bank, Limited - Houston Agency $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
Imperial Bank, a California Banking Corp. $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
The Industrial Bank of Japan, Limited $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
The Long-Term Credit Bank of Japan, Limited $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
Union Bank of California, N.A $ 0 0% $ 15,000,000 2.50%
------------ ------------ ------------ ------
Southwest Bank of Texas N.A $ 0 0% $ 10,000,000 1.67%
------------ ------------ ------------ ------
------------ ------------ ------------ ------
TOTAL $200,000,000 100% $600,000,000 100%
------------ ------------ ------------ ------
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Effective Date: May 6, 1998
ASSIGNORS
---------
NATIONSBANK OF TEXAS, N.A.
By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
------------------------------------------------
Xxxxxxx X. Xxxxxxx, Xx.
Vice President
SWISS BANK CORPORATION,
STAMFORD BRANCH
Re: /s/ Xxxxxxx XxXxxxxx
------------------------------------------------
Xxxxxxx XxXxxxxx
Associate Director Loan Portfolio Support, US
By: /s/ Xxxxxx X. Xxxxxxx
------------------------------------------------
Xxxxxx X. Xxxxxxx
Associate Director Loan Portfolio Support, US
ASSIGNEES
FIRST UNION NATIONAL BANK
By: /s/ Xxxxxxx X. Xxxxx
------------------------------------------------
Xxxxxxx X. Xxxxx
Senior Vice President
THE BANK OF NOVA SCOTIA
By: /s/ F.C. H. Xxxxx
------------------------------------------------
F.C.H. Xxxxx
Senior Manager Loan Operations
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COMPAGNIE FINANCIERE DE CIC ET DE
L'UNION EUROPEENNE
By: /s/ Xxxxxxx Xxxx /s/ Xxxxx X'Xxxxx
-------------------------------------------------
Xxxxxxx Xxxx Xxxxx X'Xxxxx
Vice Presidents
COMERICA BANK
By: /s/ Xxxxxxxx X. Xxxxxxxxx, III
------------------------------------------------
Xxxxxxxx X. Xxxxxxxxx, III
Vice President
CREDIT LYONNAIS NEW YORK BRANCH
By: /s/ Xxxxxx Xxxxxxxxx
-------------------------------------------------
Xxxxxx Xxxxxxxxx
Senior Vice President
CREDITANSTALT CORPORATE FINANCE, INC.
By: /s/ Xxxx X. Xxxxx
------------------------------------------------
Xxxx X. Xxxxx
Vice President
By: /s/ Xxxxxxx X. Xxxx
------------------------------------------------
Xxxxxxx X. Xxxx
Associate
GENERAL ELECTRIC CAPITAL CORPORATION
By: /s/ Xxxxx X. Xxxxxxxx
------------------------------------------------
Xxxxx X. Xxxxxxxx
Duly Authorized Signatory
SOCIETE GENERALE
By: /s/ Thierry Namuroy
------------------------------------------------
Thierry Namuroy
Vice President
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THE SUMITOMO BANK, LIMITED
By: /s/ Xxxxxxx X. XxXxxx, III
-------------------------------------------------
Xxxxxxx X. XxXxxx, III
Vice President and Manager
WACHOVIA BANK, N.A.
By: /s/ Xxxxx X. Xxxxxxx
-------------------------------------------------
Xxxxx X. Xxxxxxx
Vice President
CIBC, INC.
By: /s/ Xxxxxxxxx Xxxxxxx
-------------------------------------------------
Xxxxxxxxx Xxxxxxx
Executive Director
CIBC Xxxxxxxxxxx Corp., AS AGENT
CREDIT AGRICOLE INDOSUEZ
By: /s/ Xxxxx Xxxxx
-------------------------------------------------
Xxxxx Xxxxx, E.V.P.
Head of Corporate Banking - Chicago
By: /s/ W. Xxxxx Xxxxxx
-------------------------------------------------
W. Xxxxx Xxxxxx
First Vice President
THE FUJIBANK, LIMITED - HOUSTON AGENCY
By: /s/ Xxxxxx X. Xxxxxxxx III
-------------------------------------------------
Xxxxxx X. Xxxxxxxx III
Vice President and Manager
IMPERIAL BANK, A CALIFORNIA BANKING
CORPORATION
By: /s/ Xxx Xxxxxxx
-------------------------------------------------
Ray Valdalma
Senior Vice President
THE INDUSTRIAL BANK OF JAPAN, LIMITED
By: /s/ Takuya Honjo
-------------------------------------------------
Takuya Honjo
Senior Vice President
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THE LONG-TERM CREDIT BANK OF JAPAN,
LIMITED
By: /s/ Xxxxx Xxxxxxx
------------------------------------------------
Xxxxx Xxxxxxx
Head of Southwest Region
UNION BANK OF CALIFORNIA, N.A.
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------------------------
Xxxxxx X. Xxxxxx
Vice President
SOUTHWEST BANK OF TEXAS, N.A.
By: /s/ Xxxx Xxxxxxx
-------------------------------------------------
Xxxx Xxxxxxx
Senior Vice President
Accepted and Approved as of May 6, 1998
--------------------------------------------------
NATIONSBANK OF TEXAS, N.A.,
As Administrative Agent
By: /s/ Xxxxxxx X. Xxxxxxx, Xx.
----------------------------------------------
Xxxxxxx X. Xxxxxxx, Xx.
Vice President
Approved as of May 6, 1998
NCI BUILDING SYSTEMS, INC.
By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------------------
Xxxxxx X. Xxxxxxx
Vice President and Chief Financial Officer
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