AMENDMENT NO. 2 TO CREDIT AGREEMENT
Exhibit 10.34.1.2
AMENDMENT NO. 2 TO CREDIT AGREEMENT
This AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment No. 2”) is made as of January 25,
2006 among (a) FelCor Lodging Trust Incorporated and FelCor Lodging Limited Partnership
(collectively, the “Borrowers”), (b) the Lenders party hereto, and (c) JPMorgan Chase Bank, N.A.
(“JPMCB”) as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders.
WHEREAS, the Borrowers, the Lenders and the Administrative Agent are parties to a Credit
Agreement, dated as of December 12, 2005, as amended by Amendment No. 1 dated as of January 12,
2006 (the “Credit Agreement”), pursuant to which the Lenders have agreed to make loans to the
Borrowers on the terms and conditions set forth therein; and
WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the Credit
Agreement, and the Lenders party hereto are willing to so amend certain provisions of the Credit
Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the foregoing premises, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, and fully intending to
be legally bound by this Amendment No. 2, the parties hereto agree as follows:
1. Definitions. Capitalized terms used herein without definition shall have the
meanings assigned to such terms in the Credit Agreement.
2. Amendments to Credit Agreement. As of the Effective Date (as defined in Section 4
hereof) the Credit Agreement is amended as follows:
(a) Section 4.1(h) of the Credit Agreement is amended by restating such section in its
entirety to read as follows:
”(h) The Administrative Agent shall have received satisfactory evidence that
the Borrower’s Term Credit Agreement dated as of October 18, 2005 among the FelCor
Partnership and certain of its Subsidiaries, Citicorp North America, Inc., as
administrative agent and certain other parties shall be repaid in full and
terminated with the proceeds of the initial Loans hereunder.”
(b) Section 5.13(a) of the Credit Agreement is amended by restating the proviso in the
first sentence of such section in its entirety as follows:
”; provided that a wholly-owned Subsidiary that owns or ground-leases an
Unencumbered Asset shall not be required to execute and deliver a Subsidiary
Guaranty so long as the aggregate book value of all Unencumbered Assets owned or
ground leased by wholly-owned Subsidiaries that are not Subsidiary Guarantors does
not exceed 2% of Total Unencumbered Assets.”
3. Provisions Of General Application.
3.1. No Other Changes. Except as otherwise expressly provided or contemplated
by this Amendment No. 2, all of the terms, conditions and provisions of the Credit
Agreement remain unaltered and in full force and effect. The Credit Agreement and this
Amendment No. 2 shall be read and construed as one agreement.
3.2. Governing Law. THIS AMENDMENT NO. 2 SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
3.3. Assignment. This Amendment No. 2 shall be binding upon and inure to
the benefit of each of the parties hereto and their respective permitted successors and
assigns.
3.4. Counterparts. This Amendment No. 2 may be executed in any number of
counterparts, but all such counterparts shall together constitute but one and the same
agreement. In making proof of this Amendment No. 2, it shall not be necessary to produce
or account for more than one counterpart thereof signed by each of the parties hereto.
4. Effectiveness of this Amendment No. 2. This Amendment No. 2 shall become effective
on (the “Effective Date”) the date of execution and
delivery to the Administrative Agent by each of the Required Lenders, the Borrowers, and the
Administrative Agent of this Amendment No. 2.
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2
IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Amendment No. 2 as
of the date first set forth above.
| BORROWERS: | FELCOR LODGING TRUST INCORPORATED |
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| By: | /s/ Xxxx X. Xxxxxxx | |||
| Name: | Xxxx X. Xxxxxxx | |||
| Title: | Vice President | |||
| FELCOR LODGING LIMITED PARTNERSHIP | ||||
| By: | FelCor Lodging Trust Incorporated, | |||
| its General Partner | ||||
| By: | /s/ Xxxx X. Xxxxxxx | |||
| Name: | Xxxx X. Xxxxxxx | |||
| Title: | Vice President | |||
LENDERS:
|
JPMORGAN CHASE BANK, N.A., | |
| individually and as Swingline Lender, Issuing | ||
| Bank and Administrative Agent, |
| By: | /s/ Xxxxxx Xxxxxxxx | |||
| Name: | Xxxxxx Xxxxxxxx | |||
| Title: | Managing Director | |||
| CITICORP NORTH AMERICA, INC. |
||||
| By: | /s/ Xxxxxx X. Xxxxx | |||
| Name: | Xxxxxx X. Xxxxx | |||
| Title: | Vice President | |||
| XXXXXXX XXXXX CAPITAL CORPORATION |
||||
| By: | /s/ Xxxx X. Xxxxxxx | |||
| Name: | Xxxx X. Xxxxxxx | |||
| Title: | Vice President | |||
| BANK OF AMERICA, N.A. |
||||
| By: | /s/ Xxxx X. Xxxxxx | |||
| Name: | Xxxx X. Xxxxxx | |||
| Title: | Senior Vice President | |||
| DEUTSCHE BANK TRUST COMPANY AMERICAS |
||||
| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | Managing Director | |||
| By: | /s/ Xxxxxx Xxxxx | |||
| Name: | Xxxxxx Xxxxx | |||
| Title: | Vice President | |||
| XXXXXX XXXXXXX SENIOR FUNDING, INC. |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Name: | Xxxxxx Xxxxxx | |||
| Title: | Vice President | |||
