Exhibit 10.1
SIXTH AMENDMENT
Dated as of September 23, 2003
to
RECEIVABLES SALE AGREEMENT
Dated as of December 21, 2001
THIS SIXTH AMENDMENT (the "Amendment"), dated as of September 23, 2003, is
entered into among PerkinElmer Receivables Company, as Seller (the "Seller"),
PerkinElmer, Inc., as Initial Collection Agent (the "Initial Collection Agent,"
and together with any successor thereto, the "Collection Agent"), the committed
purchasers party thereto (the "Committed Purchasers"), Windmill Funding
Corporation ("Windmill"), and ABN AMRO Bank N.V., as agent for the Purchasers
(the "Agent")
WITNESSETH:
WHEREAS, the Seller, the Initial Collection Agent, the Agent, the
Committed Purchasers and Windmill have heretofore executed and delivered a
Receivables Sale Agreement, dated as of December 21, 2001 (as amended,
supplemented or otherwise modified through the date hereof, the "Sale
Agreement"),
WHEREAS, the parties hereto desire to amend the Sale Agreement as
provided herein:
NOW, THEREFORE, for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto hereby agree that
the Sale Agreement shall be and is hereby amended as follows:
Section 1. Subject to the following terms and conditions, including
without limitation the conditions precedent set forth in Section 2, upon
execution by the parties hereto in the space provided for that purpose below,
the Sale Agreement shall be, and is hereby, amended as follows:
(a) The defined term "Aggregate Commitment" appearing in Schedule I to
the Sale Agreement is hereby amended in its entirety and as so amended
shall read as follows:
"Aggregate Commitment" means $66,300,000, as such amount may be
reduced pursuant to Section 1.6.
(b) The defined term "Delinquent Receivable" appearing in Schedule I
to the Sale Agreement is hereby amended in its entirety and as so amended
shall read as follows:
"Delinquent Receivable" means any Receivable (other than a
Charge-Off) on which any amount is unpaid more than 91 days past its
original due date.
(c) The defined term "Originators" appearing in Schedule I to the Sale
Agreement is hereby amended in its entirety and as so amended shall read as
follows:
"Originators" means PerkinElmer, Inc., PerkinElmer Holdings,
Inc., PerkinElmer LAS, Inc., PerkinElmer Optoelectronics NC, Inc.,
PerkinElmer Optoelectronics SC, Inc., PerkinElmer Canada, Inc.,
Applied Surface Technology, Inc. and PerkinElmer Automotive Research,
Inc.
(d) The defined term "Purchase Limit" appearing in Schedule I to the
Sale Agreement is hereby amended in its entirety and as so amended shall
read as follows:
"Purchase Limit" means $65,000,000.
(e) Exhibit D to the Sale Agreement is hereby amended in its entirety
to be and to read as set forth as Exhibit D to this Amendment.
(f) Exhibit E to the Sale Agreement is hereby amended in its entirety
to be and to read as set forth as Exhibit E to this Amendment.
Section 2. Section 1 of this Agreement shall become effective only once the
Agent has received, in form and substance satisfactory to the Agent, all
instruments and other documents required, or deemed desirable by the Agent.
Section 3. The parties hereto consent to the execution and delivery of that
certain Second Amendment to Purchase and Sale Agreement by the parties thereto.
Section 4.1. To induce the Agent and the Purchasers to enter into this
Amendment, the Seller and Initial Collection Agent represent and warrant to the
Agent and the Purchasers that: (a) the representations and warranties contained
in the Transaction Documents, are true and correct in all material respects as
of the date hereof with the same effect as though made on the date hereof (it
being understood and agreed that any representation or warranty which by its
terms is made as of a specified date shall be required to be true and correct in
all material respects only as of such specified date); (b) no Potential
Termination Event exists; (c) this Amendment has been duly authorized by all
necessary corporate proceedings and duly executed and delivered by each of the
Seller and the Initial Collection Agent, and the Sale Agreement, as amended by
this Amendment, and each of the other Transaction Documents are the legal, valid
and binding obligations of the Seller and the Initial Collection Agent,
enforceable against the Seller and the Initial Collection Agent in accordance
with their respective terms, except as enforceability may be limited by
bankruptcy, insolvency or other similar laws of general application affecting
the enforcement of creditors' rights or by general principles of equity; and (d)
no consent, approval, authorization, order, registration or qualification with
any governmental authority is required for, and in the absence of which would
adversely effect, the legal and valid execution and delivery or performance by
the Seller or the Initial Collection Agent of this Amendment or the performance
by the Seller or the Initial Collection Agent of the
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Sale Agreement, as amended by this Amendment, or any other Transaction Document
to which they are a party.
Section 4.2. This Amendment may be executed in any number of counterparts
and by the different parties on separate counterparts and each such counterpart
shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same Amendment.
Section 4.3. Except as specifically provided above, the Sale Agreement and
the other Transaction Documents shall remain in full force and effect and are
hereby ratified and confirmed in all respects. The execution, delivery, and
effectiveness of this Amendment shall not operate as a waiver of any right,
power, or remedy of any Agent or any Purchaser under the Sale Agreement or any
of the other Transaction Documents, nor constitute a waiver or modification of
any provision of any of the other Transaction Documents. All defined terms used
herein and not defined herein shall have the same meaning herein as in the Sale
Agreement. The Seller agrees to pay on demand all costs and expenses (including
reasonable fees and expenses of counsel) of or incurred by the Agent and each
Purchaser Agent in connection with the negotiation, preparation, execution and
delivery of this Amendment.
Section 4.4. This Amendment and the rights and obligations of the parties
hereunder shall be construed in accordance with and be governed by the law of
the State of Illinois.
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date first above
written.
ABN AMRO BANK N.V., as the Agent, as the
Committed Purchaser
By: /s/ Xxxxxxxx X. Xxxxx
------------------------------------
Title: Group Vice President
---------------------------------
By: /s/ Xxxxxx X. Educate
------------------------------------
Title: Senior Vice President
---------------------------------
WINDMILL FUNDING CORPORATION
By:
------------------------------------
Title:
---------------------------------
PERKINELMER RECEIVABLES COMPANY
By:
------------------------------------
Title:
---------------------------------
PERKINELMER, INC.
By:
------------------------------------
Title:
---------------------------------
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date first above
written.
ABN AMRO BANK N.V., as the Agent, as the
Committed Purchaser
By:
------------------------------------
Title:
---------------------------------
By:
------------------------------------
Title:
---------------------------------
WINDMILL FUNDING CORPORATION
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------
Title: Vice President
---------------------------------
PERKINELMER RECEIVABLES COMPANY
By:
------------------------------------
Title:
---------------------------------
PERKINELMER, INC.
By:
------------------------------------
Title:
---------------------------------
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
and delivered by their duly authorized officers as of the date first above
written.
ABN AMRO BANK N.V., as the Agent, as the
Committed Purchaser
By:
------------------------------------
Title:
---------------------------------
By:
------------------------------------
Title:
---------------------------------
WINDMILL FUNDING CORPORATION
By:
------------------------------------
Title:
---------------------------------
PERKINELMER RECEIVABLES COMPANY
By: /s/ Xxxxx X. Francisco
------------------------------------
Title: Assistant Treasurer
---------------------------------
PERKINELMER, INC.
By: /s/ Xxxx X. Xxxxx
------------------------------------
Title: Assistant Clerk
---------------------------------
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GUARANTOR'S ACKNOWLEDGMENT AND CONSENT
The undersigned, PerkinElmer, Inc., has heretofore executed and delivered
the Limited Guaranty dated as of December 21, 2001 (the "Guaranty") and hereby
consents to the Amendment to the Sale Agreement as set forth above and confirms
that the Guaranty and all of the undersigned's obligations thereunder remain in
full force and effect. The undersigned further agrees that the consent of the
undersigned to any further amendments to the Sale Agreement shall not be
required as a result of this consent having been obtained, except to the extent,
if any, required by the Guaranty referred to above.
PERKINELMER, INC.
By: /s/ Xxxxxx X. Xxxxx
------------------------------------
Title: Senior Vice President
---------------------------------
EXHIBIT D
TO
RECEIVABLE SALE AGREEMENT
ADDRESSES AND NAMES OF SELLER AND ORIGINATORS
SELLER
PerkinElmer Receivables Company (Delaware Corp.)
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
TIN: 00-0000000
ORIGINATORS (LISTED BY BUSINESS UNIT)
PERKINELMER LIFE AND ANALYTICAL SCIENCES
Legal Entity: PerkinElmer LAS, Inc. (Delaware Corp.)
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
TIN: 00-0000000
for locations at:
PerkinElmer LAS
000 Xxxxxxxxxx Xxxxxx
Xxxxxxx, XX 00000
PERKINELMER OPTOELECTRONICS
Legal Entities: PerkinElmer Optoelectronics NC, Inc. (Delaware Corp.)
00000 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000
TIN: 00-0000000
formerly located at:
000 Xxxx Xxxx Xxxxx
Xxxxxxxxx, XX 00000
PerkinElmer Optoelectronics SC, Inc. (Delaware Corp.)
0000 Xxxxxxx Xxxxx
Xxxxx, XX 00000
TIN: 00-0000000
PerkinElmer, Inc. (Massachusetts Corp.)
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
TIN: 00-0000000
for locations at:
PerkinElmer Optoelectronics
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxx, XX 00000
PerkinElmer Optoelectronics
00 Xxxxxxxx Xxxxxx
Xxxxx, XX 00000
PerkinElmer Optoelectronics
00000 Xxxxxxxxx Xxxxx Xxxx
Xxxxx Xxxx, XX 00000
PerkinElmer Optoelectronics
0 Xxxxx Xxxx, Xxxx. 00
Xxxxxxxxxx, XX 00000
PerkinElmer Holdings, Inc. (Massachusetts Corp.)
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
TIN: 00-0000000
for locations at:
PerkinElmer Optoelectronics
0000 Xxxxxxx Xxxxxxx Xxxx.
Xxxxx Xxxxx, XX 00000
PERKINELMER FLUID SCIENCES
Legal Entities: Applied Surface Technology, Inc. (California Corp.)
000 Xxxxxxxx Xxxx
Xxx Xxxxxx, XX 00000
TIN: 94 -3215818
PerkinElmer Automotive Research, Inc. (Texas Corp.)
0000 Xxxxxxx Xxxx
Xxx Xxxxxxx, XX 00000
TIN: 00-0000000
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PerkinElmer, Inc. (Massachusetts Corp.)
00 Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
TIN: 00-0000000
For locations at:
PerkinElmer Fluid Sciences
00000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
PerkinElmer Fluid Sciences
000 Xxxxxxxx Xxxx.
Xxxxxxx Xxxxx, XX 00000
PerkinElmer Fluid Sciences
0000 Xxxxx 00
Xxxxxx, XX 00000
PerkinElmer Fluid Sciences
00 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000
FOREIGN
PerkinElmer Canada Inc. (Federal Corp.)
x/x Xxxxxxxx Xxxxxxx Xxxxxxxxx XXX
Xxxxx 0000, Xxxxxx Plaza
00 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx
Xxxxxx X0X 0X0
(Registered Office x/x xxxxx xxxxxxx)
Xxxxxxx Xxx. Xx. 0000000
Principal business location:
00000 Xxxxxxxx Xxxx
Xxxxxxxxx, Xxxxxx
Xxxxxx X0X 0X0
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EXHIBIT E
LOCK BOXES AND LOCK-BOX BANKS
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PERKINELMER LAS, INC. (DELAWARE COROPORATION)
--------------------------------------------------------------------------------
000 Xxxxxxxxxx Xxx
Xxxxxxx, XX 00000
----------------------------------------
Wachovia Bank, N.A.
PerkinElmer LAS Shelton
Account Number: 2079900120996
Lockbox Numbers: 101668, 101645
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
----------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer LAS Boston
Account Number: 2079900123980
Lockbox Number: Transferred to Shelton
0000 Xxxxxxx Xxxx
Xxxxx, XX 00000
----------------------------------------
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer LAS Akron Account Name: PerkinElmer, Inc.
Account Number: 2079900120938 Account Number: 78069
Lockbox Number: 751716 Lockbox Number: 91428
Lockbox is in the name of PKI Life
0000 Xxxxxxxxxxx Xxxx Sciences, Inc. Akron
Xxxxxxx Xxxxx, XX 00000
----------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer LAS Downers
Grove
Account Number: 2079900121678
Lockbox Number: 951714
--------------------------------------------------------------------------------
PERKINELMER OPTOELECTRONICS NC, INC. (DELAWARE CORPORATION)
--------------------------------------------------------------------------------
00000 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000
----------------------------------------
Wachovia Bank. N.A. Bank of America
----------------------------------------
Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer
ILC Optoelectronics ILC
Account Number: 2079900120860 Account Number: 3751035910
Lockbox Number: 951513 Lockbox Number: 842201
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PERKINELMER OPTOELECTRONICS SC, INC. (DELAWARE CORPORATION)
--------------------------------------------------------------------------------
0000 Xxxxxxx Xxxxx
Xxxxx, XX 00000
----------------------------------------
Wachovia Bank, N.A. Bank of America
Account Name: PerkinElmer Account Name: PerkinElmer
Optoelectronics Optoelectronics
ORC Electronic Products ORC Electronic Products
Account Number: 2079900120873 Account Number: 1295027982
Lockbox Number: 951509 Lockbox Number: 840955
Wachovia Bank, N .A. Bank of America
Account Name: PerkinElmer Account Name: PerkinElmer
Optoelectronics Optoelectronics
ORC Lighting ORC Lighting
Account Number: 2079900120925 Account Number: 1295027990
Lockbox Number: 951503 Lockbox Number: 840958
Wachovia Bank, N .A. Bank of America
Account Name: PerkinElmer Account Name: PerkinElmer
Optoelectronics Optoelectronics
Electroformed ORC Electroformed
Account Number: 2079900121018 Account Number: 1295028006
Lockbox Number: 951506 Lockbox Number: 840959
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PERKINELMER HOLDINGS, INC.
--------------------------------------------------------------------------------
0000 Xxxxxxx Xxxxxxx Xxxx.
Xxxxx Xxxxx, XX 00000
-------------------------------------------
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Account Name: PerkinElmer, Inc.
Optoelectronics
Reticon Account Number: 78069
Account Number: 2079900120912 Lockbox Number: 75160
Lockbox Number: 101122 Lockbox is in the name of PKI
Optoelectronics Reticon
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc.
Amorphous Silicon Account Number: 78069
Account Number: 2079900120941 Lockbox Number: 92863
Lockbox Number: 101103 Lockbox is in the name of PKI
Optoelectronics
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Amorphous Silicon
--------------------------------------------------------------------------------
APPLIED SURFACE TECHNOLOGY
--------------------------------------------------------------------------------
000 Xxxxxxxx Xxxx
Xxx Xxxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A.
Account Name: Applied Surface Technology
Account Number: 2079900436156
Lockbox Number: 101828
--------------------------------------------------------------------------------
PERKINELMER AUTOMOTIVE RESEARCH, INC.
--------------------------------------------------------------------------------
0000 Xxxxxxx Xxxx
Xxx Xxxxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer Automotive
Research, Inc.
Account Number: 2079900120831
Lockbox Number: 101017
--------------------------------------------
--------------------------------------------------------------------------------
PERKINELMER, INC.
--------------------------------------------------------------------------------
0000 X. Xxxxxxx Xx.
Xxxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer Optoelectronics
Power Systems
Account Number: 2079900121005
Lockbox Number: 101653
00 Xxxxxxxx Xxxxxx
Xxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc.
Salem Account Number: 78069
Account Number: 2079900120954 Lockbox Number: 92813
Lockbox Number: 751109 Lockbox is in the name of PKI
Optoelectronics
Salem
Wachovia Bank, N.A Northern Trust Bank
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Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc.
Xxxxxxx (Miamisburg) Account Number: 78069
Account Number: 2079900121021 Lockbox Number: 74696
Lockbox Number: 751125 Lockbox is in the name of PKI
Optoelectronics
Xxxxxxx (Miamisburg)
00000 Xxxx Xxxx.
Xx. Xxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Optoelectronics Account Name: PerkinElmer, Inc.
St. Louis Account Number: 78069
Account Number: 2079900120886 Lockbox Number: 75374
Lockbox Number: 951516 Lockbox is in the name of PKI
Optoelectronics
St. Louis
000 Xxxxxxxx Xxxx.
Xxxxxxx Xxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer Fluid Sciences
Belfab
Account Number: 2079900120899
Lockbox Number: 101039
00000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxxxx, XX
--------------------------------------------
Wachovia Bank, N.A.
Account Name: PerkinElmer Fluid Sciences
Beltsville
Account Number: 2079900120844
Lockbox Number: 101716
0000 Xxxxx 00
Xxxxxx, XX 00000
--------------------------------------------
Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Fluid Sciences Account Name: PerkinElmer, Inc.
Phelps Account Number: 78069
Account Number: 2079900120909 Lockbox Number: 75104
Lockbox Number: 101040 Lockbox is in the name of
PerkinElmer Fluid
Sciences Xxxxxx
00 Xxxxxxx Xxx
Xxxxxxx, XX 00000
--------------------------------------------
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Wachovia Bank, N.A. Northern Trust Bank
Account Name: PerkinElmer Fluid Sciences Account Name: PerkinElmer, Inc.
Warwick Account Number: 78069
Account Number: 2079900128684 Lockbox Number: 75016
Lockbox Number: 101723 Lockbox is in the name of
PerkinElmer Fluid
Sciences Warwick
-----------------------------------------
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FOREIGN
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PerkinElmer Canada Inc. (Federal Corp.)
x/x Xxxxxxxx Xxxxxxx Xxxxxxxxx XXX
Xxxxx 0000, Xxxxxx Plaza
00 Xxxx Xxxxxx Xxxx
Xxxxxxx, Xxxxxxx
Xxxxxx X0X 0X0
(Registered Office c/o local counsel)
-----------------------------------------
Principal business location Royal Bank of Canada
00000 Xxxxxxxx Xxxx Account Name: PerkinElmer Canada, Inc.
Vaudreuil, Quebec 129788 6
Canada J7V 8P7 CON Lockbox
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