FIRST AMENDMENT DATED JUNE 26, 2001 TO AMENDED AND RESTATED CREDIT AGREEMENT (LONG TERM FACILITY) DATED AS OF AUGUST 18, 2000
FIRST AMENDMENT DATED JUNE 26, 2001
TO AMENDED AND RESTATED CREDIT AGREEMENT (LONG TERM FACILITY)
DATED AS OF AUGUST 18, 2000
This FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment") is dated as of June 26, 2001 and entered into by and among CSC ENTERPRISES, a Delaware general partnership (the "Partnership"), as a Borrower, COMPUTER SCIENCES CORPORATION, a Nevada corporation (the "Corporation"), as a Borrower and as the Guarantor, the undersigned lenders (collectively the "Majority Lenders"), and CITICORP USA, INC., as administrative agent (the "Agent"), and is made with reference to that certain Amended and Restated Credit Agreement (Long Term Facility), dated as of August 18, 2000, by and among the Partnership, the Corporation, the lenders listed on the signature pages thereof (the "Lenders"), and the Agent (as amended, the "Credit Agreement"). Capitalized terms used herein without definition shall have the same meanings herein as set forth in the Credit Agreement. |
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RECITALS |
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WHEREAS, the Partnership and the Corporation have requested and Majority Lenders have agreed to modify the terms of the Credit Agreement in one respect; |
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amended by deleting it in its entirety and substituting the following in lieu thereof: |
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"Leverage Ratio. The Corporation will not permit at any time the ratio of Consolidated Total Debt to Consolidated Total Capitalization to exceed .50 to 1.00." |
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THE CORPORATION'S REPRESENTATIONS AND WARRANTIES |
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in the manner provided herein, the Corporation represents and warrants to each Lender that the following statements are true, correct and complete: |
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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"). |
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consummation of the Amended Agreement have been duly authorized by all necessary corporate action on the part of the Corporation. |
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consummation by the Corporation of the Amended Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to the Corporation, the certificate of incorporation or bylaws of the Corporation or any order, judgment or decree of any court or other agency of government binding on the Corporation, (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 the Corporation, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of the Corporation, or (iv) require any approval of stockholders or any approval or consent of any Person under any contractual obligation of the Corporation (other than the parties hereto). |
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this Amendment and the consummation by the Corporation 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. |
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Corporation and this Amendment and the Amended Agreement are the legally valid and binding obligations of the Corporation, enforceable against the Corporation 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 principles of equity and commercial reasonableness. |
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The representations and warranties contained in Section 4.02 of the Credit Agreement are true, correct and complete in all material respects to the same extent as though made on and as of the date hereof, except as provided above or 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. |
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consummation of the transactions contemplated by this Amendment that would, upon the giving of notice, the passage of time, or otherwise, constitute an Event of Default. |
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the manner provided herein, the Partnership represents and warrants to each Lender that the following statements are true, correct and complete: |
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and authority to enter into this Amendment and to carry out the transactions contemplated by, and perform its obligations under, the Amended Agreement. |
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consummation of the Amended Agreement have been duly authorized by all necessary partnership action on the part of the Partnership. |
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consummation by the Partnership of the Amended Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to the Partnership, the Partnership's Partnership Agreement or any order, judgment or decree of any court or other agency of government binding on the Partnership, (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 the Partnership, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of the Partnership, or (iv) require any approval of partners or any approval or consent of any Person under any contractual obligation of the Partnership (other than the parties hereto). |
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Amendment and the consummation by the Partnership 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. |
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Partnership and this Amendment and the Amended Agreement are the legally valid and binding obligations of the Partnership, enforceable against the Partnership 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 principles of equity and commercial reasonableness. |
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representations and warranties contained in Section 4.01 of the Credit Agreement are true, correct and complete in all material respects to the same extent as though made on and as of the date hereof, except as provided above or 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. |
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consummation of the transactions contemplated by this Amendment that would, upon the giving of notice, the passage of time, or otherwise, constitute an Event of Default. |
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referred to herein as the "Amendment Effective Date"); provided that all of the following conditions precedent shall have been satisfied: |
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officers executing this Amendment; |
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of the Partnership approving this Amendment; |
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approving this Amendment; and |
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hereby and all documents incidental thereto not previously found acceptable by the Agent, shall be satisfactory in form and substance to the Agent, and the Agent shall have received all such counterpart originals or certified copies of such documents as the Agent may reasonably request. |
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its terms, each reference in the Credit Agreement to "this Agreement", "hereunder", "hereof", "herein" or words of like import referring to the Credit Agreement shall mean and be a reference to the Amended Agreement. |
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remain in full force and effect and are hereby ratified and confirmed. |
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expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of, any right, power or remedy of the Agent or any Lender under, the Credit Agreement. |
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costs, fees and expenses as described in Section 9.04 of the Credit Agreement incurred by the Agent and its counsel with respect to this Amendment and the documents and transactions contemplated hereby shall be for the account of the Corporation and the Partnership. |
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convenience of reference only and shall not constitute a part of this Amendment for any other purpose or be given any substantive effect. |
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CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. |
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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. Subject to the provisions of Section 4, this Amendment shall become effective as of the date hereof upon the execution and delivery of a counterpart hereof by the Corporation, the Partnership and the Majority Lenders. |
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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. |
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CSC ENTERPRISES, a Delaware partnership By: Computer Sciences Corporation, its Managing Partner |
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By /s/ Xxxx X. Level |
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COMPUTER SCIENCES CORPORATION, a |
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By /s/ Xxxx X. Level |
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The Lenders: |
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CITICORP USA, INC. (as Agent and as a Lender) |
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By /s/ J. Xxxxxxx Xxxxx |
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BANCA DI ROMA (as a Lender) |
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By /s/ Xxxx Xxxxxxxx |
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By /s/ Xxxxxxx X. Xxxxx |
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BANCE NAZIONALE DEL LAVORO S.p.A. (as a Lender) |
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By /s/ Xxxxxxxx Xxxxxxxxx |
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By /s/ Xxxxxxx Xxxxxxx |
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DRESDNER BANK AG, New York and Grand |
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By /s/ J. Xxxxxxx Xxxxxxx |
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By /s/ Xxxxxxx X. Xxxxxx |
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MELLON BANK N.A. (as a Lender) |
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By /s/ X. X. Xxxx |
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FIRST UNION NATIONAL BANK (as a Lender) |
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By /s/ Xxxxx X. Xxxxxxxx |
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THE BANK OF NOVA SCOTIA (as a Lender) |
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By /s/ Xx Xxxxxx |
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THE BANK OF NEW YORK (as a Lender) |
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By /s/ Xxxxxxx Xxxxxxx |
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BANK ONE, NA (fka) |
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By /s/ Xxxxxxxxx X. Xxxx |
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XXXXX FARGO BANK, N.A. (as a Lender) |
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By /s/ Xxxx Xxxxxxxxx |
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By /s/ Xxxx Xxxxx |
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NATIONAL WESTMINSTER BANK, Plc (as a Lender) |
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By /s/ Xxxxx Xxxxxx |
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STANDARD CHARTERED BANK (as a Lender) |
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By /s/ Xxxx Xxxxxxx |
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By /s/ Xxxxxx X. Xx |
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XXXXXX GUARANTY TRUST CO. OF |
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By /s/ Xxxxxx Xxxxxxxxx |
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BBL INTERNATIONAL (U.K.) LIMITED (as a Lender) |
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By /s/ Xxxxx Xxxxxxx |
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DEN DANSKE BANK AKTIESELSKAB (as a Lender) |
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By /s/ X. X. Xxxxxxxx |
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By /s/ Xxxx X. X'Xxxxx |