THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT
THIRD AMENDMENT TO
AMENDED AND RESTATED CREDIT AGREEMENT
AMENDED AND RESTATED CREDIT AGREEMENT
This THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment") is entered into as of June 30, 2015, is by and among Xxxxx Fargo Capital Finance, LLC, a Delaware limited liability company, in its capacity as agent pursuant to the Credit Agreement (as hereinafter defined) acting for and on behalf of the parties thereto as lenders (in such capacity, "Agent"), the lenders party hereto (individually, each a "Lender" and collectively, "Lenders"), PolyOne Corporation, an Ohio corporation (the "Parent"), GLS International, Inc., an Illinois corporation ("GLS"), NEU Specialty Engineered Materials, LLC, an Ohio limited liability company ("NEU", and together with Parent and GLS, each individually a "US Borrower" and collectively, "US Borrowers"), PolyOne Canada Inc., a federally incorporated Canadian corporation ("PolyOne Canada" or "Canadian Borrower", and, together with US Borrowers, each individually a "Borrower" and collectively, "Borrowers"), PolyOne LLC, a Delaware limited liability company ("PO LLC"), Polymer Diagnostics, Inc., an Ohio corporation ("Polymer"), Conexus, LLC, a Nevada limited liability company, f/k/a Conexus, Inc., a Nevada corporation ("Conexus"), M.A. Xxxxx Asia Holding Company, a Delaware corporation ("Xxxxx"), The ColorMatrix Corporation, an Ohio corporation ("CMC"), ColorMatrix Holdings, Inc., a Delaware corporation ("CM Holdings"), Chromatics, Inc., a Connecticut corporation ("Chromatics"), ColorMatrix Group, Inc., a Delaware corporation ("CM Group"), ColorMatrix – Brazil, LLC, an Ohio limited liability company ("CM Brazil"), Gayson Silicone Dispersions, Inc., an Ohio corporation ("Gayson"), Glasforms, Inc., a California corporation ("Glasforms"), PolyOne Designed Structures and Solutions LLC, a Delaware limited liability ("PolyOne DSS"), Franklin-Burlington Plastics, Inc., a Delaware corporation ("Franklin"; and, together with each of PO LLC, Polymer, Conexus, Xxxxx, CMC, CM Holdings, Chromatics, CM Group, CM Brazil, Gayson and PolyOne DSS, each individually a "US Guarantor" and collectively, "US Guarantors"), and PolyOne DSS Canada Inc., a federally incorporated Canadian corporation ("DSS Canada, Inc." and "Canadian Guarantor"; and together with the US Guarantors, each individually a "Guarantor" and collectively, "Guarantors").
WHEREAS, Borrowers, Guarantors, Agent and Lenders are parties to that certain Amended and Restated Credit Agreement dated as of March 1, 2013 (as amended, restated, modified or supplemented from time to time, the "Credit Agreement");
WHEREAS, subject to terms and conditions hereof, Agent, the Lenders party hereto, Borrowers and Guarantors desire to amend the Credit Agreement as more fully described below;
NOW, THEREFORE, for and in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1.Defined Terms. For purposes of this Amendment, all terms used herein and not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings assigned thereto in the Credit Agreement.
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2. Amendments. In reliance upon the representations and warranties of the Loan Parties set forth in Section 4 below and subject to the conditions to effectiveness set forth in Section 5 below, the Loan Agreement is hereby amended as follows:
(a) Section 2.3(e) of the Credit Agreement is hereby amended by (i) renumbering subclauses (iv) and (v) thereof as clauses (v) and (vi) thereof, respectively, and (ii) adding the following new clause (iv) in appropriate numeric order:
(iv) Proceeds of Life Insurance Policies. Within one (1) Business Day of the date of receipt by any Loan Party, any of its Subsidiaries, or Agent of any proceeds of any Eligible Life Insurance Policy, whether such proceeds are received as a result of the death of a Person covered thereby, the surrender and termination of such policy, a policy loan taken out under such policy, or otherwise, 100% of such proceeds shall be used first to prepay the outstanding principal amount of the Obligations and second, subject to the terms of any applicable Life Insurance Assignment, any additional proceeds shall be returned to the Borrowers. The provisions of this Section 2.3(e)(iv) shall not be deemed to constitute consent to any action otherwise prohibited by the terms and conditions of this Agreement.
(b) Section 4.18 of the Credit Agreement is hereby amended and restated in its entirety as follows:
4.18 Patriot Act; Anti-Corruption Laws. To the extent applicable, each Loan Party is in compliance, in all material respects, with the (a) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the "Patriot Act"); and (c) the Proceeds of Crime Money Laundering and Terrorist Finance Act (Canada) and the regulations promulgated thereunder. No part of the proceeds of the loans made hereunder will be used by any Loan Party or any of their Affiliates, directly or indirectly, (i) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the FCPA, or (ii) in any other manner that would cause a violation in any material respect of any applicable anti-bribery laws. No Loan Party nor any of its Subsidiaries, nor to the knowledge of any Loan Party, any director or officer, or any employee, agent or Affiliate of, any Loan Party or any of its Subsidiaries, has taken any action, directly or indirectly, that would result in a violation in any material respect by such persons of any applicable anti-bribery law. Furthermore, each Loan Party and, to the knowledge of each Loan Party, its Affiliates have conducted their businesses in compliance in all material respects with the UK Bribery Act, the FCPA and similar laws, rules or regulations, in each case, to the extent applicable to the Loan Parties and, in their reasonable business judgment, have instituted and maintain policies and procedures designed to ensure continued compliance therewith.
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(c) Section 4.23 of the Credit Agreement is hereby amended and restated in its entirety as follows:
4.23 OFAC. No Loan Party nor any of its Subsidiaries is in violation of any Sanctions applicable to the Loan Parties. No Loan Party nor any of its Subsidiaries, nor to the knowledge of any Loan Party, any director or officer, or any employee, agent or Affiliate of, any Loan Party or any of its Subsidiaries (a) is a Sanctioned Person or a Sanctioned Entity, (b) has its assets located in Sanctioned Entities, (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Entities, or (d) is located, organized or a resident of a country or territory that is, or whose government is, the subject of Sanctions. No proceeds of any Revolving Loan (including any Swing Loan, Protective Advance or Overadvance) or any Letter of Credit will be used by a Loan Party (i) to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Entity, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including without limitation any Person participating in Revolving Loans or Letters of Credit).
(d) Section 5.6 of the Credit Agreement is hereby amended by (i) adding a new sub-clause (a), together with a header entitled "Property, Business Interruption and Liability Insurance.", immediately before the first paragraph thereof, and (ii) adding a new sub-clause (b) immediately after sub-clause (a) as follows:
(b) Life Insurance. At Borrowers' expense, maintain each Life Insurance Policy. If any Borrower fails to maintain any such insurance, to the extent any such insurance has not been paid for in full, Agent may pay the premiums thereon or otherwise arrange for such insurance, but at such Borrower's expense and without any responsibility on Agent's part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Notwithstanding anything in any Life Insurance Assignment to the contrary, Borrowers agree that any such payments made by Agent at Borrowers' expense shall constitute Obligations chargeable to the Loan Account hereunder and bear interest at a per annum rate equal to the Base Rate plus the Applicable Margin for Base Rate Loans. Borrowers shall give Agent prompt notice of the death of any Person covered by any Life Insurance Policy. Agent shall have the sole right to file claims under any Life Insurance Policy, to collect the net proceeds of any such policy, to surrender any such policy, to obtain policy loans thereon from the insurer, to receive, receipt and give acquittance for any payments that may be payable thereunder (including without limitation, the right to collect and receive all distributions or shares of surplus, dividend deposits or additions to such policy made or apportioned thereto, and to exercise any and all options contained in such policy with respect thereto), to exercise all nonforfeiture rights under such policy, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policy. Borrowers shall take all action requested by Agent and necessary to cause each Life Insurance Policy to be at all times subject to an effective Life Insurance Assignment.
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(e) Article 6 of the Credit Agreement is hereby amended to add the following new Section 6.16 in appropriate numeric order:
6.16 Eligible Life Insurance Policies.
(a) Create, incur, assume, suffer to exist, guarantee, or otherwise become or remain, directly or indirectly, liable for any Indebtedness or any other advances made against any Life Insurance Policy (except as permitted under clause (a) of the definition of Permitted Indebtedness),
(b) without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, directly or indirectly, amend, modify, or change (or permit the amendment, modification or other change in any manner of) any of the terms or provisions of any Life Insurance Policy, or
(c) without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, directly or indirectly, elect or cause to be elected, any mode of optional settlement under any Life Insurance Policy, terminate or cancel, or cause to be terminated or cancelled, any Life Insurance Policy, or surrender or cause to be surrendered, any Life Insurance Policy, or
(d) without at least thirty (30) days' prior written notice to Agent (or such shorter period as agreed to by Agent in writing) and provided that (i) no Default or Event of Default under Section 8.1, Section 8.6 or Section 8.7 has occurred and is continuing or would be caused thereby, and (ii) Borrowers have prepaid to Agent outstanding Obligations such that no Overadvance shall exist at the time of such release, request that any key person life insurance policy shall no longer constitute a "Life Insurance Policy" hereunder or under any other Loan Document and that the Agent release or terminate any Life Insurance Assignment executed in connection therewith.
(f) Article 15 of the Credit Agreement is hereby amended to add the following new Section 15.21 in appropriate numeric order:
15.21 Release of Life Insurance Policies.
So long as the Loan Parties are in compliance with Section 6.16(d), the Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to release any Lien on any Life Insurance Policy upon at least thirty (30) days (or such shorter period as agreed to by Agent in writing) written notice from Parent that any key person life insurance policy shall not constitute a “Life Insurance Policy” hereunder or under any other Loan Document and in connection therewith, Agent shall release or terminate any Life Insurance Assignment executed in connection
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with such Life Insurance Policy and take such further actions as reasonably requested by Parent, at the Borrowers’ sole cost and expense.
(g) The definition of the term "Permitted Indebtedness" contained in Schedule 1.1 to the Credit Agreement is hereby amended by amending and restating clause (j) thereof in its entirety as follows:
(j) Indebtedness consisting of insurance premium financing in the ordinary course of business, except with respect to any Life Insurance Policy,
(h) The definition of the term "Sanctioned Entity" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Sanctioned Entity" means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by the United States government, including without limitation OFAC and the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
(i) The definition of the term "Sanctioned Person" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Sanctioned Person" means any person named on the list of Specially Designated Nationals maintained by OFAC or any analogous list maintained by the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
(j) The definition of the term "US Borrowing Base" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"US Borrowing Base" means, at any time, the amount equal to
(a)eighty-five percent (85%) of the amount of Eligible Accounts of each US Loan Party, plus
(b)the least of (A) seventy percent (70%) multiplied by the Value of Eligible Inventory of each US Loan Party, (B) eighty-five percent (85%) of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory or (C) sixty percent (60%) of the US Maximum Credit, plus
(c)during the Acquired Business Availability Period, the lesser of (A) the sum of (i) sixty percent (60%) of the amount of Eligible Acquired Business Accounts of the applicable US Loan Party, plus (ii) fifty percent (50%) of the Net Recovery Percentage (determined pursuant to the most recent acceptable appraisal received by Agent in accordance with the requirements of the Agreement as to the pre-existing Inventory of US Loan Parties) of the applicable US Loan Party multiplied by the
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Value of Eligible Acquired Business Inventory or (B) ten percent (10%) of the lesser of (i) the Maximum Credit or (ii) the Borrowing Base, plus
(d)the lesser of (i) $50,000,000 and (ii) ninety percent (90%) of the CSV of Eligible Life Insurance Policies, minus
(e)the aggregate amount of reserves applicable to US Loan Parties, if any, established by Agent under Sections 2.1(e) and (f) of the Agreement.
(k) The definition of the term "Loan Documents" contained in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety as follows:
"Loan Documents" means the Agreement, any US Borrowing Base Certificate, any Canadian Borrowing Base Certificate, the Controlled Account Agreements, the Control Agreements, any Copyright Security Agreement, the Fee Letter, the Guaranty, any Intercompany Subordination Agreement, the Letters of Credit, any Mortgages, any Additional Documents, any Additional Second Lien Documents, any Patent Security Agreement, the Security Agreement, any Trademark Security Agreement, the Life Insurance Assignments, any perfection certificate, any note or notes executed by any Borrower in connection with the Agreement and payable to any member of the Lender Group, any Canadian Security Document, any letter of credit application entered into by any Borrower in connection with the Agreement, and any other agreement entered into, now or in the future, by Parent or any of its Subsidiaries in connection with the Agreement.
(l) Schedule 1.1 to the Credit Agreement is hereby amended to add the following defined terms in appropriate alphabetical order:
"Approved Form" with respect to any Life Insurance Policy, means that the form and substance of such Life Insurance Policy is (a) a 65 Whole Life Policy the same in all material respects as the sample 65 Whole Life Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (b) a 90 Whole Life Policy the same in all material respects as the sample 90 Whole Life Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (c) a Whole Life with Extra Life Protection Policy the same in all material respects as the sample Whole Life with Extra Life Protection Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, (d) a Whole Life with Adjustable Term Protection Policy the same in all material respects as the sample Whole Life with Adjustable Term Protection Policy attached as an exhibit to the most recent Northwestern Mutual Side Letter that has been approved by Agent, or (e) another form of policy that has been approved by Agent and is attached as an exhibit to the most recent Northwestern Mutual Side Letter.
"CSV" means, on each date of determination, the amount, as determined for each Eligible Life Insurance Policy, equal to the cash surrender value of such Eligible Life Insurance Policy.
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"Eligible Life Insurance Policies" means Life Insurance Policies that are not excluded from being Eligible Life Insurance Policies as a result of the failure to satisfy any of the criteria set forth below. Eligible Life Insurance Policies shall not include any Life Insurance Policy:
(a) which is not in full force and effect with all premiums due having been paid in full;
(b) which is not owned by a US Loan Party;
(c) the beneficiary of which is not a US Loan Party;
(d) which covers the life of any Person other than an officer or employee of a US Loan Party;
(e) which is not in an Approved Form;
(f) which has not been collaterally assigned by the applicable US Loan Party to Agent to secure repayment of the Obligations pursuant to a Life Insurance Assignment in form and substance reasonably satisfactory to Agent, and which has been executed by the issuing life insurance company (or for which evidence of recordation with the issuing life insurance company has been provided in form and substance satisfactory to Agent);
(g) which is subject to a currently effective assignment by any US Loan Party to any other Person;
(h) which is not referenced in a currently effective Northwestern Mutual Side Letter;
(i) the existence and cash surrender value of which have not been certified in the most recent US Borrowing Base Certificate; or
(j) which has any policy loans or advances outstanding against such Life Insurance Policy.
The criteria for Eligible Life Insurance Policies set forth above may only be changed and any new criteria for Eligible Life Insurance Policies may only be established by Agent based on either (i) an event, condition or other circumstance arising after the Third Amendment Effective Date, or (ii) an event, condition or other circumstance existing on the Third Amendment Effective Date to the extent that such event, condition or circumstance has not been identified by a Borrower to Agent prior to the Third Amendment Effective Date (except to the extent that it may have been identified but Agent, in consultation with Borrowers, has intentionally elected not to establish a reserve with respect thereto as of the Third Amendment Effective Date), in either case under clause (i) or (ii) which adversely affects or could reasonably be expected to adversely affect the cash surrender value or loanable or otherwise realizable value of the Life Insurance Policies, as determined by Agent in its Permitted Discretion. Any Life Insurance Policy that is not an Eligible Life
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Insurance Policy shall nevertheless be part of the Collateral. For avoidance of doubt, any Life Insurance Policy determined ineligible under more than one clause above shall be calculated without duplication.
"FCPA" means the United States Foreign Corrupt Practices Act of 1977, as amended.
"Life Insurance Assignments" means, collectively, (a) that certain Assignment of Life Insurance Policy as Collateral dated as of June 22, 2015 by Parent in favor of Agent with respect to the Eligible Life Insurance Policies in effect as of the Third Amendment Effective Date, and (b) any other agreements, instruments and documents reasonably acceptable to Agent pursuant to which Agent has been granted a Lien on the rights of a US Loan Party under any Eligible Life Insurance Policy.
"Life Insurance Policies" means, collectively, each key person life insurance policy that Parent has elected to subject to a Life Insurance Assignment and that is listed on Schedule E-2 (as the such Schedule E-2 may be updated from time to time by Parent) and issued by The Northwestern Mutual Life Insurance Company; provided, however, that any key person life insurance policy that has been released pursuant to Section 15.21 shall not constitute a Life Insurance Policy hereunder.
"Northwestern Mutual Side Letter" means that certain letter from The Northwestern Mutual Life Insurance Company to Agent dated as of April 28, 2015 regarding certain information with respect to the Life Insurance Policies, and any renewals, replacements or updates thereof, in each case in form and substance reasonably acceptable to Agent.
"Sanctions" means any economic or trade sanctions (including without limitation any country or list based sanctions) imposed, administered or enforced from time to time by the United States government, including without limitation OFAC and the U.S. Department of State, the Canadian government, the United National Security Council, the European Union or the Hong Kong Monetary Authority.
"Third Amendment Effective Date" means June 30, 2015.
"UK Bribery Act" means the United Kingdom Xxxxxxx Xxx 0000, as amended.
(m) Exhibit B-1 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Exhibit B-1 attached hereto.
(n) A new Schedule E-2 is hereby added to the Credit Agreement in appropriate alphabetical and numeric order as set forth on Schedule E-2 attached hereto.
(o) Schedule A-3 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule A-3 attached hereto
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(p) Schedule 5.2 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule 5.2 attached hereto.
3. Reaffirmation and Confirmation. Each Loan Party party hereto hereby (i) ratifies, affirms, acknowledges and agrees that the Credit Agreement and the other Loan Documents represent the valid, enforceable (except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally) and collectible obligations of such Loan Party, (ii) reaffirms its obligations under each Loan Document to which it is a party, including, without limitation, any grant of security interest contained therein, in each case as amended, supplemented or modified prior to or as of the date hereof, and (iii) acknowledges and agrees that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to the Credit Agreement or any other Loan Document. Each Loan Party hereby agrees that this Amendment in no way acts as a release or relinquishment of the Liens and rights securing payments of the Obligations. The Liens and rights securing payment of the Obligations are hereby ratified and confirmed by each Loan Party in all respects.
4. Representations and Warranties. In order to induce Agent and Supermajority Lenders to enter into this Amendment, each Loan Party represents and warrants with and to Agent and Lenders as follows, which representations and warranties shall survive the execution and delivery hereof:
(a) all representations and warranties contained in the Loan Documents to which such Loan Party is a party are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality of dollar thresholds in the text thereof) on and as of the date of this Amendment (except to the extent any representation or warranty expressly related to an earlier date in which case such representations and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality or dollar thresholds in the text thereof) on and as of such earlier date);
(b) no Default or Event of Default has occurred and is continuing; and
(c) this Amendment and the Loan Documents, as amended hereby, constitute legal, valid and binding obligations of such Loan Party and are enforceable against such Loan Party in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally.
5. Conditions to Effectiveness. This Amendment shall become effective upon the satisfaction of the following conditions precedent:
(a) Agent shall have received a copy of this Amendment executed by Agent, Supermajority Lenders and the Loan Parties, together with each other agreement, instrument and document identified on the Closing Checklist attached hereto as Exhibit A, in each case executed by the Loan Parties and other Persons party thereto (as applicable) and each in form and substance reasonably satisfactory to Agent; and
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(b) Borrowers shall have paid (or concurrently with the effectiveness of the Amendment shall pay) all Lender Group Expenses incurred in connection with the transactions evidenced by this Amendment for which Borrowers have received an invoice prior to the date hereof.
6. Miscellaneous.
(a) Expenses. Borrowers agree to pay on demand all reasonable costs and expenses of Agent and the Lenders (including reasonable attorneys' fees) incurred in connection with the preparation, negotiation, execution, delivery and administration of this Amendment and all other instruments or documents provided for herein or delivered or to be delivered hereunder or in connection herewith. All obligations provided herein shall survive any termination of this Amendment and the Credit Agreement as amended hereby.
(b) Choice of Law and Venue; Jury Trial Waiver; Reference Provision. Without limiting the applicability of any other provision of the Credit Agreement or any other Loan Document, the terms and provisions set forth in Section 12 of the Credit Agreement are expressly incorporated herein by reference.
(c) Counterparts. This Amendment may be executed in any number of counterparts, and by the parties hereto on the same or separate counterparts, and each such counterpart, when executed and delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same Amendment. This Amendment to the extent signed and delivered by means of a facsimile machine or other electronic transmission (including "pdf"), shall be treated in all manner and respects and for all purposes as an original Amendment and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. No party hereto shall raise the use of a facsimile machine or other electronic transmission to deliver a signature or the fact that any signature or this Amendment was transmitted or communicated through the use of a facsimile machine or other electronic transmission as a defense to the formation or enforceability of a contract and each such party forever waives any such defense. Receipt by telecopy or electronic mail of any executed signature page to this Amendment shall constitute effective delivery of such signature page.
7. Release.
(a) Release. In consideration of the agreements of Agent and Lenders contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Borrower and each other Loan Party, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and Lenders, and their successors and assigns, and their present and former shareholders, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (Agent, each Lender and all such other Persons being hereinafter referred to collectively as the "Releasees" and individually as a "Releasee"), of and from all demands, actions, causes of action, suits, controversies, damages and any and all other claims, counterclaims, defenses, rights of set‑off, demands and liabilities whatsoever (individually, a "Claim" and collectively, "Claims") of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which such Borrower or such Loan Party or any of its successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of
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any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Amendment for or on account of, or in relation to, or in any way in connection with any of the Credit Agreement, or any of the other Loan Documents or transactions thereunder or related thereto.
(b) Complete Defense. Each Borrower and each other Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.
(c) Release Unconditional. Each Borrower and each other Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.
[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective officers thereunto duly authorized and delivered as of the date first above written.
U.S. BORROWERS: |
POLYONE CORPORATION |
/s/ Xxxxx X. Xxxxxxx |
Name: Xxxxx X. Xxxxxxx |
Title: Vice President and Treasurer |
GLS INTERNATIONAL |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
NEU SPECIALTY ENGINEERED MATERIALS, LLC |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Assistant Secretary |
CANADIAN BORROWER: |
POLYONE CANADA INC. |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
GUARANTORS: |
M.A. XXXXX ASIA HOLDING COMPANY |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
POLYONE LLC |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Manager |
CONEXUS, INC. |
POLYMER DIAGNOSTICS, INC. |
COLORMATRIX GROUP, INC. |
COLORMATRIX HOLDINGS, INC. |
THE COLORMATRIX CORPORATION |
CHROMATICS, INC. |
GAYSON SILICONE DISPERSIONS, INC |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
COLORMATRIX - BRAZIL, LLC | |
By | The ColorMatrix Corporation, its sole member |
/s/ Xxxxxx X. Xxxxx | |
Name: Xxxxxx X. Xxxxx | |
Title: Secretary | |
GLASFORMS, INC. |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
POLYONE DESIGNED STRUCTURES AND SOLUTIONS LLC |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
FRANKLIN-BURLINGTON PLASTICS, INC. |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
POLYONE DSS CANADA INC. |
/s/ Xxxxxx X. Xxxxx |
Name: Xxxxxx X. Xxxxx |
Title: Secretary |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
XXXXX FARGO CAPITAL FINANCE, LLC, as Agent and a Lender |
/s/ Xxxxxxx Xxxxxxx |
Name: Xxxxxxx Xxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
XXXXX FARGO CAPITAL FINANCE CORPORATION CANADA, as a Lender |
/s/ Xxxxxx Xxxxxx |
Name: Xxxxxx Xxxxxx |
Title: Assistant Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., as a Lender |
/s/ Xxxxxxx Xxxxxxxxx |
Name: Xxxxxxx Xxxxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
BANK OF AMERICA, N.A., CANADA BRANCH, as a Lender |
/s/ Xxxxxx Xxxxxxxxxx |
Name: Xxxxxx Xxxxxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
U.S. BANK NATIONAL ASSOCIATION, as a Lender |
/s/ Xxxxx Xxxxxxxx |
Name: Xxxxx Xxxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
U.S. BANK NATIONAL ASSOCIATION, CANADA BRANCH, as a Lender |
/s/ Xxxx X. Xxxxx |
Name: Xxxx X. Xxxxx |
Title: Vice President & Principal Officer |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
CITIBANK, N.A., as a Lender |
/s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx |
Title: Vice President and Director |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
HSBC BANK USA, N.A., as a Lender |
/s/ Xxxxx X. Xxxxx |
Name: Xxxxx X. Xxxxx |
Title: Senior Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
KEYBANK NATIONAL ASSOCIATION, as a Lender |
/s/ Xxxx X. Xxxxxxx |
Name: Xxxx X. Xxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
PNC BANK, NATIONAL ASSOCIATION, as a Lender |
/s/ Xxxxxx Light |
Name: Xxxxxx Light |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
PNC BANK CANADA BRANCH, as a Lender |
/s/ Xxxxx Xxxxx |
Name: Xxxxx Xxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
THE HUNTINGTON BANK, as a Lender |
/s/ Xxxxxx Xxxxxxx |
Name: Xxxxxx Xxxxxxx |
Title: Senior Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
CITIZENS BUSINESSCAPITAL, a Division of CITIZENS ASSET FINANCE. INC., a wholly owned Subsidiary of CITIZENS BANKS, N.A., a National Banking Association, fka RBS CITIZENS. NATIONAL ASSOCIATION, successor by merger to CHARTER ONE BANK, NA |
/s/ Xxxxx X. Xxxxxxxxx |
Name: Xxxxx X. Xxxxxxxxx |
Title: Vice President |
Signature Page to Third Amendment to Amended and Restated Credit Agreement
Exhibit A
Closing Checklist
[attach]
Signature Page to Third Amendment to Amended and Restated Credit Agreement
CLOSING checklist
Third Amendment to Amended and Restated Revolving Loan Facility by
Xxxxx Fargo Capital Finance, LLC
as Administrative Agent
to
PolyOne Corporation, GLS International, Inc., NEU Specialty Engineered Materials, LLC and PolyOne Canada Inc.
Closing Date: June 30, 2015
I. | Closing Documents: |
A. | Loan and Security Documents: |
1. | Third Amendment to Amended and Restated ABL Credit Agreement, together with Schedules and Exhibits attached thereto |
2. | Life Insurance deliveries: |
(a) | Assignment of Life Insurance as Collateral |
(b) | Side Letter from the Northwestern Mutual Life Insurance Company, together with policy forms |
B. | Corporate Due Diligence: |
3. Omnibus Officer's Certificate for each Loan Party with respect to:
Certified Certificate of Incorporation or Formation (as applicable)
Bylaws or Limited Liability Company Agreement (as applicable)
Resolutions
Incumbency of Officers
C. | Other Items: |
4. Sample life insurance policies
D. | Post-Closing: |
5. Evidence of recordation of item 2(a) with Northwestern Mutual Life Insurance Company
6662049v7 6/30/2015 9:28 AM | 1989.334 | |
Exhibit B-1 to the Credit Agreement
[attach]
Signature Page to Third Amendment to Amended and Restated Credit Agreement
 | Summary Page Borrowing Base Certificate | ||||||||||||||||||
Date | A/R As of: | ||||||||||||||||||
Name | PolyOne Corporation | Inventory As of: | |||||||||||||||||
The undersigned, PolyOne Corporation (“Borrower”), pursuant to that certain Credit Agreement dated as of March 1, 2013 (as amended, restated, modified, supplemented, refinanced, renewed, or extended from time to time, the “Credit Agreement”), entered into among Borrower, the lenders signatory thereto from time to time and Xxxxx Fargo Capital Finance, LLC, a Delaware limited liability company as the arranger and administrative agent (in such capacity, together with its successors and assigns, if any, in such capacity, “Agent”), hereby certifies to Agent that the following items, calculated in accordance with the terms and definitions set forth in the Credit Agreement for such items are true and correct, and that Borrower is in compliance with and, after giving effect to any currently requested Advances, will be in compliance with, the terms, conditions, and provisions of the Credit Agreement. | |||||||||||||||||||
Accounts Receivable | |||||||||||||||||||
US | Canada | Consolidated | |||||||||||||||||
Accounts Receivable Balance per Aging Report Assigned To Xxxxx Fargo Capital Finance | — | — | — | ||||||||||||||||
Less Ineligibles (detailed on page 2) | — | — | — | ||||||||||||||||
Net Eligible Accounts Receivable | — | — | — | ||||||||||||||||
Accounts Receivable Availability before Sublimit(s) | — | — | — | ||||||||||||||||
Net Available Accounts Receivable after Sublimit(s) | — | — | — | ||||||||||||||||
Inventory | |||||||||||||||||||
US | Canada | Consolidated | |||||||||||||||||
Inventory Balance Assigned To Xxxxx Fargo Capital Finance | — | — | — | ||||||||||||||||
Less Ineligibles (detailed on page 3) | — | — | — | ||||||||||||||||
Eligible Inventory | — | — | — | ||||||||||||||||
Inventory Availability before Sublimit(s) | — | — | — | ||||||||||||||||
Available Inventory after 50% of Maximum Credit Sublimit(s) | — | — | — | ||||||||||||||||
Summary | |||||||||||||||||||
Cash surrender value of key person life insurance policies | As of | ||||||||||||||||||
Advance rate | 90 | % | |||||||||||||||||
CSVLI availability, limited to | 50,000,000.00 | — | — | ||||||||||||||||
Availability before Credit Line & Reserves | — | — | — | ||||||||||||||||
Reserves | (PCIAC) | (PCIBA) | |||||||||||||||||
Reserve for 2015 Debentures | — | ||||||||||||||||||
Rent Reserve | — | ||||||||||||||||||
3rd Party Warehouse Reserve | — | — | |||||||||||||||||
Reserve for Sunbelt Series G Notes Guarantee | — | ||||||||||||||||||
— | |||||||||||||||||||
Total Reserves | — | — | — | ||||||||||||||||
Total Availability after Reserves | — | — | — | ||||||||||||||||
Total Credit Line | 400,000,000.00 | 400,000,000.00 | 400,000,000.00 | ||||||||||||||||
Suppressed Availability | — | — | — | ||||||||||||||||
Availability before Loan Balance | — | — | — | ||||||||||||||||
Letter of Credit Balance | As of: | — | |||||||||||||||||
Loan Ledger Balance | As of: | — | |||||||||||||||||
Cash in-transit | — | ||||||||||||||||||
Adjusted Loan Balance | — | — | — | ||||||||||||||||
Net Availability | — | — | — | ||||||||||||||||
Additionally, the undersigned hereby certifies and represents and warrants to the Lender Group on behalf of Borrower that (i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document, any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and as of the effective date of any advance, continuation or conversion requested above is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), (iii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the request above, and (iv) all of the foregoing is true and correct as of the effective date of the calculations set forth above and that such calculations have been made in accordance with the requirements of the Credit Agreement. | |||||||||||||||||||
List of attachments with this Borrowing Base Certificate: | |||||||||||||||||||
Authorized Signer | Page 2 - Accounts Receivable Availability Detail | ||||||||||||||||||
Page 2a - Accounts Receivable Summary | |||||||||||||||||||
Page 2b - Accounts Receivable Concentrations | |||||||||||||||||||
Page 2c - Accounts Receivable Dilution | |||||||||||||||||||
Page 3 - Inventory Availability Detail | |||||||||||||||||||
Page 3a - Inventory Availability Detail | |||||||||||||||||||
Page 3b - Inventory Availability Summary | |||||||||||||||||||
Accounts Receivable Availability Detail | |||||||||||||
Name: | PolyOne Corporation | ||||||||||||
Report based on Aging dated: | |||||||||||||
Loan ID #: | 0 | 0 | 0 | ||||||||||
Division Name: | US PolyOne | Color Matrix | Canada PolyOne (USD) | Total | |||||||||
Aging Spreads: | |||||||||||||
Future | — | — | |||||||||||
0 - 30 DOI | — | ||||||||||||
31 - 60 DOI | — | ||||||||||||
61 - 90 DOI | — | ||||||||||||
91 - 120 DOI | — | ||||||||||||
121+ DOI | — | ||||||||||||
A/R Aging Balance: | — | ||||||||||||
Ineligibles: | |||||||||||||
ERS | Past Due-> 121 DOI; > 61 DPD | — | |||||||||||
ERS | Past Due Credits | — | |||||||||||
ERS | CrossAge | — | |||||||||||
ERS | Intercompany | — | |||||||||||
ERS | Foreign | — | — | ||||||||||
ERS | Government | — | — | — | |||||||||
ERS | COD | — | |||||||||||
ERS | Debit Memo | — | — | — | |||||||||
ERS | Customer Deposits | — | — | — | |||||||||
ERS | Employee Sales | — | — | — | — | ||||||||
ERS | Progress Billing | — | — | — | — | ||||||||
ERS | Extended Terms | — | — | — | |||||||||
ERS | Finance Charges | — | — | — | — | ||||||||
ERS | Guaranteed | — | — | — | — | ||||||||
ERS | Coop Advertising | — | — | — | — | ||||||||
ERS | Samples | — | — | — | — | ||||||||
ERS | Consignment Sales | — | — | — | — | ||||||||
ERS | Xxxx & Hold | — | — | — | — | ||||||||
ERS | Bankrupt/Doubtful | — | — | — | — | ||||||||
ERS | Contra | — | |||||||||||
ERS | Other1-Shortpays | — | — | ||||||||||
ERS | Other2-Foreign (prior to insurance review) | — | |||||||||||
Formula | Other3-Eligible foreign credit ins add-back | — | — | — | |||||||||
ERS | Other4-Whirlpool Mexico not billed in USD | — | — | — | — | ||||||||
ERS | Other5 | — | — | — | — | ||||||||
Formula | Other6->30MM Foreign Sub of US Entities | — | — | — | — | ||||||||
ERS TB | Unbilled Sales/Credits (GL#120300) | — | |||||||||||
ERS TB | Rebates (GL#120500, #2015, #120550) | — | — | ||||||||||
Manual | Deferred Revenue (GL#460100 & GL#344450) | — | |||||||||||
Manual | FOB Destination Ineligible | — | — | ||||||||||
ERS TB | Unapplied Cash (GL#12120) | — | |||||||||||
Manual | Whirlpool Foreign Cap exceeding $15MM | — | — | ||||||||||
Manual | Manual7 | — | |||||||||||
Manual | Concentration Cap | — | |||||||||||
ERS TB | PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up | — | |||||||||||
Manual | Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up | — | |||||||||||
Manual | Wisconsin Wage Lien-Reserve grossed up | — | |||||||||||
Manual | Dilution Ineligible (grossed up) | — | — | — | — | ||||||||
Total Ineligible A/R: | — | — | — | — | |||||||||
Eligible A/R | — | — | — | — | |||||||||
Advance Rate | 85% | 85% | 85% | ||||||||||
A/R Availability before Sublimit(s) | — | — | — | — | |||||||||
Line Limit or Sublimit(s) | |||||||||||||
Net A/R Availability | — | — | — | — | |||||||||
Page 2 - AR Detail
Accounts Receivable Availability Summary | POST TO XXXXX | |||||||||
Name: | PolyOne Corporation | |||||||||
Report based on Aging dated: | ||||||||||
Loan ID #: | PCIA0 | PCIB1 | ||||||||
Pool Name: | US PolyOne (USD) | Canada PolyOne (USD) | Total | |||||||
Aging Spreads: | ||||||||||
Future | — | — | — | |||||||
1 - 30 DOI | — | — | — | |||||||
31 - 60 DOI | — | — | — | |||||||
61 - 90 DOI | — | — | — | |||||||
91 - 120 DOI | — | — | — | |||||||
121+ DOI | — | — | — | |||||||
A/R Aging Balance: | — | — | — | |||||||
Ineligibles: | ||||||||||
ERS | Past Due-> 121 DOI; > 61 DPD | — | — | — | ||||||
ERS | Past Due Credits | — | — | — | ||||||
ERS | CrossAge | — | — | — | ||||||
ERS | Intercompany | — | — | — | ||||||
ERS | Foreign | — | — | — | ||||||
ERS | Government | — | — | — | ||||||
ERS | COD | — | — | — | ||||||
ERS | Debit Memo | — | — | — | ||||||
ERS | Customer Deposits | — | — | — | ||||||
ERS | Employee Sales | — | — | — | ||||||
ERS | Progress Billing | — | — | — | ||||||
ERS | Extended Terms | — | — | — | ||||||
ERS | Finance Charges | — | — | — | ||||||
ERS | Guaranteed | — | — | — | ||||||
ERS | Coop Advertising | — | — | — | ||||||
ERS | Samples | — | — | — | ||||||
ERS | Consignment Sales | — | — | — | ||||||
ERS | Xxxx & Hold | — | — | — | ||||||
ERS | Bankrupt/Doubtful | — | — | — | ||||||
ERS | Contra | — | — | — | ||||||
ERS | Other1-Shortpays | — | — | — | ||||||
ERS | Other2-Foreign (prior to insurance review) | — | — | — | ||||||
ERS | Other3-Eligible foreign credit ins add-back | — | — | — | ||||||
ERS | Other4-Whirlpool Mexico not billed in USD | — | — | — | ||||||
ERS | Other5 | — | — | — | ||||||
ERS | Other6->30MM Foreign Sub of US Entities | — | — | — | ||||||
Manual | Unbilled Sales/Credits (GL#120300) | — | — | — | ||||||
Manual | Rebates (GL#120500, #2015, #120550) | — | — | — | ||||||
Manual | Deferred Revenue (GL#460100 & GL#344450) | — | — | — | ||||||
Manual | FOB Destination Ineligible | — | — | — | ||||||
Manual | Unapplied Cash (GL#12120) | — | — | — | ||||||
Manual | Whirlpool Foreign Cap exceeding $15MM | — | — | — | ||||||
Manual | Manual7 | — | — | — | ||||||
Manual | Concentration Cap | — | — | — | ||||||
Manual | PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up | — | — | — | ||||||
Manual | Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up | — | — | — | ||||||
Manual | Wisconsin Wage Lien-Reserve grossed up | — | — | — | ||||||
Manual | Dilution Ineligible (grossed up) | — | — | — | ||||||
Total Ineligible A/R: | — | — | — | |||||||
Eligible A/R | — | — | — | |||||||
Advance Rate | 85% | 85% | ||||||||
A/R Availability before Sublimit(s) | — | — | — | |||||||
Line Limit or Sublimit(s) | ||||||||||
Net A/R Availability | — | — | — | |||||||
FYI - Total Eligible Receivables to US Based Multinational Corporations with a BBB- rating or better | ||||||||||
Page 2a - AR Summary
AR CONCENTRATIONS | |||||||||||||||||||||||||||||||
PolyOne Corporation | As of: | ||||||||||||||||||||||||||||||
Consolidated | Ineligibles | ||||||||||||||||||||||||||||||
# | Customer Name Calc | % or $ Allowed of Eligible AR | % of Eligible | % of AR | Total | Future | 0 - 30 DOI | 31 - 60 DOI | 61 - 90 DOI | 91 - 120 DOI | 121+ DOI | ERS | Adjustments | Total | Eligible A/R | Conc Cap | Conc IE | % of Balance | |||||||||||||
1 | 15% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
2 | 10% | #N/A | #N/A | — | — | — | — | — | — | ||||||||||||||||||||||
3 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
4 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
5 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
6 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
7 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
8 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
9 | 10% | #N/A | #N/A | — | — | — | — | — | |||||||||||||||||||||||
10 | 10% | #N/A | #N/A | — | — | — | — | — | — | ||||||||||||||||||||||
Total Analyzed | #N/A | #N/A | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||
CONSOLIDATED TOTAL AR | #N/A | — | — | — | — | — | — | — | |||||||||||||||||||||||
Remaining AR | #N/A | — | — | — | — | — | — | — | |||||||||||||||||||||||
Ineligible AR Prior to Concentration Ineligible | — | ||||||||||||||||||||||||||||||
Net Eligible AR Prior to Concentration Ineligible | — | ||||||||||||||||||||||||||||||
Concentration Caps or Limits per LSA: | |||||||||||||||||||||||||||||||
Names (Customer_Name_Calc) | % or Dollar Cap | ||||||||||||||||||||||||||||||
WHIRLPOOL | 15% | ||||||||||||||||||||||||||||||
All Others | 10% | ||||||||||||||||||||||||||||||
WHIRLPOOL FOREIGN CAP @ 15MM CALC | |||||||||||||||||||||||||||||||
Filter: | customer_name_calc = 'WHIRLPOOL' and NOT match(country_calc,'USA','Canada') | ||||||||||||||||||||||||||||||
Total AR | 0.00 | ||||||||||||||||||||||||||||||
Past Due | 0.00 | ||||||||||||||||||||||||||||||
Past Due Credits | 0.00 | ||||||||||||||||||||||||||||||
Debit Memo | 0.00 | ||||||||||||||||||||||||||||||
Contra | 0.00 | ||||||||||||||||||||||||||||||
Other1 | 0.00 | ||||||||||||||||||||||||||||||
Other4- Not payable in USD | 0.00 | ||||||||||||||||||||||||||||||
Eligible Foreign Receivables | 0.00 | ||||||||||||||||||||||||||||||
Max Allowed | 15,000,000.00 | ||||||||||||||||||||||||||||||
Ineligible | — | ||||||||||||||||||||||||||||||
Page 2b - AR Concentrations
AR DILUTION | ||||||||||
Per Field Exam | ||||||||||
Dilution Calculation Detail: | US PolyOne | Color Matrix | Canada PolyOne (USD) | |||||||
Allowed Dilution | 5.0% | 5.0% | 5.0% | |||||||
Current Dilution (per Field Exam - Consolidated) | 0.0% | 0.0% | 0.0% | |||||||
Dilution Reserve % | 0.0% | 0.0% | 0.0% | |||||||
Eligible Receivables | — | — | — | |||||||
Dilution Ineligible | — | — | — | |||||||
Dilution Ineligible (grossed up) | — | — | — | |||||||
Lookback period per LSA | 12 | 12 | 12 | |||||||
Field exam cutoff date | ||||||||||
Page 2c - Dilution
Inventory Availability Detail | ||||||||||||||||||||||||||||||||||||||||||
Name: | PolyOne Corporation | |||||||||||||||||||||||||||||||||||||||||
Based on the Inventory Perpetual dated: | ||||||||||||||||||||||||||||||||||||||||||
Loan ID #: | PCIA2 | PCIA3 | PCIA4 | PCIA5 | PCIA6 | PCIA2 | PCIA3 | PCIA4 | PCIA5 | PCIA6 | PCIAD | PCIAE | PCIAF | |||||||||||||||||||||||||||||
Inventory Category: | US - RM | US - WIP | US - FG | US - Stores | US - In-transit | Spartech - RM | Spartech - WIP | Spartech - FG | Spartech - Supplies | Spartech - In-transit | Color Matrix - RM | Color Matrix - WIP | Color Matrix - EQUIP & FG | Total | ||||||||||||||||||||||||||||
ERS | ERS Perpetual Inventory Total: | — | ||||||||||||||||||||||||||||||||||||||||
ERS | ERS Trial Balance Adjustments: | — | — | — | ||||||||||||||||||||||||||||||||||||||
Manual | Manual Inventory Total: | — | — | |||||||||||||||||||||||||||||||||||||||
Total Gross Inventory: | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
ERS | Foreign | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
ERS | Tolling | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
ERS | Outside Processors/Offsite | — | — | — | — | |||||||||||||||||||||||||||||||||||||
ERS | Consigned/Vendor Owned | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
ERS | Packaging/Labels | — | — | — | — | |||||||||||||||||||||||||||||||||||||
ERS | Offgrade, Scrap, Rework | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
ERS | Semi-Finished | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
ERS | R&D | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
ERS | Locations < $100M | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
ERS | Ineligible10 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Manual | WIP | — | — | — | ||||||||||||||||||||||||||||||||||||||
Manual | Stores/Supplies | — | — | — | ||||||||||||||||||||||||||||||||||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | — | ||||||||||||||||||||||||||||||||||||||||
ERS TB | Test Count Variances | — | — | — | ||||||||||||||||||||||||||||||||||||||
Manual | Regrind Reserve (GL#13991) | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Dow branded inventory | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Producer Services Reserve | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Addl Resin Cost Capitalization | — | ||||||||||||||||||||||||||||||||||||||||
ERS TB | LCM/Labor Overhead Reserve (GL#13992/99) | — | ||||||||||||||||||||||||||||||||||||||||
Manual | CSC COGS for Accrued | — | — | |||||||||||||||||||||||||||||||||||||||
Manual | Block for Unknowns | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Accrued Royalties GL 324020 | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Manual13 | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Manual14 | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Manual15 | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Reserve grossed up as Ineligible | — | ||||||||||||||||||||||||||||||||||||||||
Manual | Appraisal Reserve (grossed up) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Total Ineligible Inventory: | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Eligible Inventory | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Advance Rate | 70.00% | 0.00% | 70.00% | 0.00% | 70.00% | 70.00% | 0.00% | 70.00% | 0.00% | 70.00% | 70.00% | 0.00% | 70.00% | #DIV/0! | ||||||||||||||||||||||||||||
Availability before Sublimit | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Sublimits | ||||||||||||||||||||||||||||||||||||||||||
Net Inventory Availability | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Appraisal Review | ||||||||||||||||||||||||||||||||||||||||||
As of: | ||||||||||||||||||||||||||||||||||||||||||
XX - XX | XX - XXX | XX - XX | XX - Xxxxxx | XX - In-transit | Spartech - RM | Spartech - WIP | Spartech - FG | Spartech - Supplies | Spartech - In-transit | Color Matrix - RM | Color Matrix - WIP | Color Matrix - EQUIP & FG | ||||||||||||||||||||||||||||||
Eligible Inventory per Appraisal | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Appraised NOLV % | ||||||||||||||||||||||||||||||||||||||||||
85% | % of NOLV | |||||||||||||||||||||||||||||||||||||||||
Appraised Value | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Appraisal Reserve | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Appraisal Ineligible (grossed up) | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Page 3 - Inventory Detail
Inventory Availability Detail | ||||||||||||||||||||||||||
Name: | PolyOne Corporation | |||||||||||||||||||||||||
Based on the Inventory Perpetual dated: | ||||||||||||||||||||||||||
Loan ID #: | PCIB4 | PCIB5 | PCIB6 | PCIB7 | PCIB4 | PCIB5 | PCIB6 | PCIB7 | ||||||||||||||||||
Inventory Category: | PolyOne Canada - RM (USD) | PolyOne Canada - WIP (USD) | PolyOne Canada - FG (USD) | PolyOne Canada - In-transit (USD) | Spartech Canada - RM (USD) | Spartech Canada - WIP (USD) | Spartech Canada - FG (USD) | Spartech Canada - In-transit (USD) | Total | |||||||||||||||||
ERS | ERS Perpetual Inventory Total: | |||||||||||||||||||||||||
ERS | ERS Trial Balance Adjustments: | |||||||||||||||||||||||||
Manual | Manual Inventory Total: | |||||||||||||||||||||||||
Total Gross Inventory: | ||||||||||||||||||||||||||
ERS | Foreign | |||||||||||||||||||||||||
ERS | Tolling | |||||||||||||||||||||||||
ERS | Outside Processors/Offsite | |||||||||||||||||||||||||
ERS | Consigned/Vendor Owned | |||||||||||||||||||||||||
ERS | Packaging/Labels | |||||||||||||||||||||||||
ERS | Offgrade, Scrap, Rework | |||||||||||||||||||||||||
ERS | Semi-Finished | |||||||||||||||||||||||||
ERS | R&D | |||||||||||||||||||||||||
ERS | Locations < $100M | |||||||||||||||||||||||||
ERS | Ineligible10 | |||||||||||||||||||||||||
Manual | WIP | |||||||||||||||||||||||||
Manual | Stores/Supplies | |||||||||||||||||||||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | |||||||||||||||||||||||||
ERS TB | Test Count Variances | |||||||||||||||||||||||||
Manual | Regrind Reserve (GL#13991) | |||||||||||||||||||||||||
Manual | Dow branded inventory | |||||||||||||||||||||||||
Manual | Producer Services Reserve | |||||||||||||||||||||||||
Manual | Addl Resin Cost Capitalization | |||||||||||||||||||||||||
Manual | LCM/Labor Overhead Reserve (GL#13992/99) | |||||||||||||||||||||||||
Manual | CSC COGS for Accrued | |||||||||||||||||||||||||
Manual | Block for Unknowns | |||||||||||||||||||||||||
Manual | Manual12 | |||||||||||||||||||||||||
Manual | Manual13 | |||||||||||||||||||||||||
Manual | Manual14 | |||||||||||||||||||||||||
Manual | Manual15 | |||||||||||||||||||||||||
Manual | Reserve grossed up as Ineligible | |||||||||||||||||||||||||
Manual | Appraisal Reserve (grossed up) | |||||||||||||||||||||||||
Total Ineligible Inventory: | — | — | — | — | — | — | — | — | — | |||||||||||||||||
Eligible Inventory | — | — | — | — | — | — | — | — | — | |||||||||||||||||
Advance Rate | 70.00% | 0.00% | 70.00% | 70.00% | 70.00% | 0.00% | 70.00% | 70.00% | #DIV/0! | |||||||||||||||||
Availability before Sublimit | — | — | — | — | — | — | — | — | — | |||||||||||||||||
Sublimits | ||||||||||||||||||||||||||
Net Inventory Availability | — | — | — | — | — | — | — | — | — | |||||||||||||||||
Appraisal Review | ||||||||||||||||||||||||||
As of: | ||||||||||||||||||||||||||
PolyOne Canada - RM (USD) | PolyOne Canada - WIP (USD) | PolyOne Canada - FG (USD) | PolyOne Canada - In-transit (USD) | Spartech Canada - RM (USD) | Spartech Canada - WIP (USD) | Spartech Canada - FG (USD) | Spartech Canada - In-transit (USD) | |||||||||||||||||||
Eligible Inventory per Appraisal | — | — | — | — | — | — | — | — | ||||||||||||||||||
Appraised NOLV % | ||||||||||||||||||||||||||
85% | % of NOLV | |||||||||||||||||||||||||
Appraised Value | — | — | — | — | — | — | — | — | ||||||||||||||||||
Appraisal Reserve | — | — | — | — | — | — | — | — | ||||||||||||||||||
Appraisal Ineligible (grossed up) | — | — | — | — | — | — | — | — | ||||||||||||||||||
3a - Inventory Detail (16-30)
Inventory Availability Summary | ||||||||||
Name: | PolyOne Corporation | |||||||||
Based on the Inventory Perpetual dated: | ||||||||||
Inventory Category: | US Total | Canada (USD) Total | Consolidated (USD) | |||||||
ERS Perpetual Inventory Total: | — | — | — | |||||||
ERS Trial Balance Adjustments: | — | — | — | |||||||
Manual Inventory Total: | — | — | — | |||||||
Total Gross Inventory: | — | — | — | |||||||
ERS | Foreign | — | — | — | ||||||
ERS | Tolling | — | — | — | ||||||
ERS | Outside Processors/Offsite | — | — | — | ||||||
ERS | Consigned/Vendor Owned | — | — | — | ||||||
ERS | Packaging/Labels | — | — | — | ||||||
ERS | Offgrade, Scrap, Rework | — | — | — | ||||||
ERS | Semi-Finished | — | — | — | ||||||
ERS | R&D | — | — | — | ||||||
ERS | Locations < $100M | — | — | — | ||||||
ERS | Ineligible10 | — | — | — | ||||||
Manual | WIP | — | — | — | ||||||
Manual | Stores/Supplies | — | — | — | ||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | — | — | — | ||||||
ERS TB | Test Count Variances | — | — | — | ||||||
Manual | Regrind Reserve (GL#13991) | — | — | — | ||||||
Manual | Dow branded inventory | — | — | — | ||||||
Manual | Producer Services Reserve | — | — | — | ||||||
Manual | Addl Resin Cost Capitalization | — | — | — | ||||||
ERS TB | LCM/Labor Overhead Reserve (GL#13992/99) | — | — | — | ||||||
Manual | CSC COGS for Accrued | — | — | — | ||||||
Manual | Block for Unknowns | — | — | — | ||||||
Manual | Accrued Royalties GL 324020 | — | — | — | ||||||
Manual | Manual13 | — | — | — | ||||||
Manual | Manual14 | — | — | — | ||||||
Manual | Manual15 | — | — | — | ||||||
Manual | Reserve grossed up as Ineligible | — | — | — | ||||||
Manual | Appraisal Reserve (grossed up) | — | — | — | ||||||
Total Ineligible Inventory: | — | — | — | |||||||
Eligible Inventory | — | — | — | |||||||
Advance Rate | 70.00% | 70.00% | #DIV/0! | |||||||
Availability before Sublimit | — | — | — | |||||||
Sublimits | 240,000,000.00 | 30,000,000.00 | 240,000,000.00 | |||||||
Net Inventory Availability | — | — | — | |||||||
3b - Inventory Summary
Inventory Availability by Posting Pools | |||||||||||||||||||||||||||||||||||||||
Name: | PolyOne Corporation | ||||||||||||||||||||||||||||||||||||||
Based on the Inventory Perpetual dated: | |||||||||||||||||||||||||||||||||||||||
Loan ID #: | PCIA2 | PCIA3 | PCIA4 | PCIA5 | PCIA6 | PCIAD | PCIAE | PCIAF | PCIB4 | PCIB5 | PCIB6 | PCIB7 | |||||||||||||||||||||||||||
Inventory Category: | US - RM | US - WIP | US - FG | US - Stores | US - In-transit | Color Matrix - RM | Color Matrix - WIP | Color Matrix - EQUIP & FG | PolyOne Canada - RM (USD) | PolyOne Canada - WIP (USD) | PolyOne Canada - FG (USD) | PolyOne Canada - In-transit (USD) | Consolidated (USD) | ||||||||||||||||||||||||||
ERS Perpetual Inventory Total: | |||||||||||||||||||||||||||||||||||||||
ERS Trial Balance Adjustments: | |||||||||||||||||||||||||||||||||||||||
Manual Inventory Total: | |||||||||||||||||||||||||||||||||||||||
Total Gross Inventory: | |||||||||||||||||||||||||||||||||||||||
ERS | Foreign | ||||||||||||||||||||||||||||||||||||||
ERS | Tolling | ||||||||||||||||||||||||||||||||||||||
ERS | Outside Processors/Offsite | ||||||||||||||||||||||||||||||||||||||
ERS | Consigned/Vendor Owned | ||||||||||||||||||||||||||||||||||||||
ERS | Packaging/Labels | ||||||||||||||||||||||||||||||||||||||
ERS | Offgrade, Scrap, Rework | ||||||||||||||||||||||||||||||||||||||
ERS | Semi-Finished | ||||||||||||||||||||||||||||||||||||||
ERS | R&D | ||||||||||||||||||||||||||||||||||||||
ERS | Locations < $100M | ||||||||||||||||||||||||||||||||||||||
ERS | Ineligible10 | ||||||||||||||||||||||||||||||||||||||
Manual | WIP | ||||||||||||||||||||||||||||||||||||||
Manual | Stores/Supplies | ||||||||||||||||||||||||||||||||||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | ||||||||||||||||||||||||||||||||||||||
ERS TB | Test Count Variances | ||||||||||||||||||||||||||||||||||||||
Manual | Regrind Reserve (GL#13991) | ||||||||||||||||||||||||||||||||||||||
Manual | Dow branded inventory | ||||||||||||||||||||||||||||||||||||||
Manual | Producer Services Reserve | ||||||||||||||||||||||||||||||||||||||
Manual | Addl Resin Cost Capitalization | ||||||||||||||||||||||||||||||||||||||
ERS TB | LCM/Labor Overhead Reserve (GL#13992/99) | ||||||||||||||||||||||||||||||||||||||
Manual | CSC COGS for Accrued | ||||||||||||||||||||||||||||||||||||||
Manual | Block for Unknowns | ||||||||||||||||||||||||||||||||||||||
Manual | Accrued Royalties GL 324020 | ||||||||||||||||||||||||||||||||||||||
Manual | Manual13 | ||||||||||||||||||||||||||||||||||||||
Manual | Manual14 | ||||||||||||||||||||||||||||||||||||||
Manual | Manual15 | ||||||||||||||||||||||||||||||||||||||
Manual | Reserve grossed up as Ineligible | ||||||||||||||||||||||||||||||||||||||
Manual | Appraisal Reserve (grossed up) | ||||||||||||||||||||||||||||||||||||||
Total Ineligible Inventory: | |||||||||||||||||||||||||||||||||||||||
Eligible Inventory | |||||||||||||||||||||||||||||||||||||||
Advance Rate | 70.00% | 0.00% | 70.00% | 0.00% | 70.00% | 70.00% | 0.00% | 70.00% | 70.00% | 0.00% | 70.00% | 70.00% | #DIV/0! | ||||||||||||||||||||||||||
Availability before Sublimit | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
Sublimits | |||||||||||||||||||||||||||||||||||||||
Net Inventory Availability | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
3c - Inventory Pools
In-Transit Inventory Availability Summary | ||||||||||
Name: | PolyOne Corporation | |||||||||
Based on the Inventory Perpetual dated: | ||||||||||
Inventory Category: | US Total | Canada Total | Consolidated Total (USD) | |||||||
ERS Perpetual Inventory Total: | — | — | — | |||||||
ERS Trial Balance Adjustments: | — | — | — | |||||||
Manual Inventory Total: | — | — | — | |||||||
Total Gross Inventory: | — | — | — | |||||||
ERS | Foreign | — | — | — | ||||||
ERS | Tolling | — | — | — | ||||||
ERS | Outside Processors/Offsite | — | — | — | ||||||
ERS | Consigned/Vendor Owned | — | — | — | ||||||
ERS | Packaging/Labels | — | — | — | ||||||
ERS | Offgrade, Scrap, Rework | — | — | — | ||||||
ERS | Semi-Finished | — | — | — | ||||||
ERS | R&D | — | — | — | ||||||
ERS | Locations < $100M | — | — | — | ||||||
ERS | Ineligible10 | — | — | — | ||||||
Manual | WIP | — | — | — | ||||||
Manual | Stores/Supplies | — | — | — | ||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | — | — | — | ||||||
ERS TB | Test Count Variances | — | — | — | ||||||
Manual | Regrind Reserve (GL#13991) | — | — | — | ||||||
Manual | Dow branded inventory | — | — | — | ||||||
Manual | Producer Services Reserve | — | — | — | ||||||
Manual | Addl Resin Cost Capitalization | — | — | — | ||||||
ERS TB | LCM/Labor Overhead Reserve (GL#13992/99) | — | — | — | ||||||
Manual | CSC COGS for Accrued | — | — | — | ||||||
Manual | Block for Unknowns | — | — | — | ||||||
Manual | Accrued Royalties GL 324020 | — | — | — | ||||||
Manual | Manual13 | — | — | — | ||||||
Manual | Manual14 | — | — | — | ||||||
Manual | Manual15 | — | — | — | ||||||
Manual | Reserve grossed up as Ineligible | — | — | — | ||||||
Manual | Appraisal Reserve (grossed up) | — | — | — | ||||||
Total Ineligible Inventory: | — | — | — | |||||||
Eligible Inventory | — | — | — | |||||||
Advance Rate | 70.00% | 70.00% | 70.00% | |||||||
Availability before Sublimit | — | — | — | |||||||
Sublimits | 15,000,000.00 | |||||||||
Net Inventory Availability | — | — | — | |||||||
Reserve needed: | — | |||||||||
Accounts Receivable Comparison | ||||||||||||||
Name: | PolyOne Corporation | |||||||||||||
Report based on Aging dated: | Change | % Change | Comments | |||||||||||
Aging Spreads: | ||||||||||||||
Future | — | — | 0.0% | |||||||||||
1 - 30 DOI | — | — | 0.0% | |||||||||||
31 - 60 DOI | — | — | 0.0% | |||||||||||
61 - 90 DOI | — | — | 0.0% | |||||||||||
91 - 120 DOI | — | — | 0.0% | |||||||||||
121+ DOI | — | — | 0.0% | |||||||||||
A/R Aging Balance: | — | — | 0.0% | |||||||||||
Ineligibles: | ||||||||||||||
ERS | Past Due-> 121 DOI; > 61 DPD | — | — | |||||||||||
ERS | Past Due Credits | — | — | |||||||||||
ERS | CrossAge | — | — | 0.0% | ||||||||||
ERS | Intercompany | — | — | 0.0% | ||||||||||
ERS | Foreign | — | — | 0.0% | ||||||||||
ERS | Government | — | — | 0.0% | ||||||||||
ERS | COD | — | — | 0.0% | ||||||||||
ERS | Debit Memo | — | — | 0.0% | ||||||||||
ERS | Customer Deposits | — | — | 0.0% | ||||||||||
ERS | Employee Sales | — | — | 0.0% | ||||||||||
ERS | Progress Billing | — | — | 0.0% | ||||||||||
ERS | Extended Terms | — | — | 0.0% | ||||||||||
ERS | Finance Charges | — | — | 0.0% | ||||||||||
ERS | Guaranteed | — | — | 0.0% | ||||||||||
ERS | Coop Advertising | — | — | 0.0% | ||||||||||
ERS | Samples | — | — | 0.0% | ||||||||||
ERS | Consignment Sales | — | — | 0.0% | ||||||||||
ERS | Xxxx & Hold | — | — | 0.0% | ||||||||||
ERS | Bankrupt/Doubtful | — | — | 0.0% | ||||||||||
ERS | Contra | — | — | 0.0% | ||||||||||
ERS | Other1-Shortpays | — | — | 0.0% | ||||||||||
ERS | Other2-Foreign (prior to insurance review) | — | — | 0.0% | ||||||||||
Formula | Other3-Eligible foreign credit ins add-back | — | — | 0.0% | ||||||||||
ERS | Other4-Whirlpool Mexico not billed in USD | — | — | 0.0% | ||||||||||
Formula | Other6->30MM Foreign Sub of US Entities | — | — | 0.0% | ||||||||||
ERS TB | Unbilled Sales/Credits (GL#120300) | — | — | 0.0% | ||||||||||
ERS TB | Rebates (GL#120500, #2015, #120550) | — | — | 0.0% | ||||||||||
Manual | Deferred Revenue (GL#460100 & GL#344450) | — | — | 0.0% | ||||||||||
Manual | FOB Destination Ineligible | — | — | 0.0% | ||||||||||
ERS TB | Unapplied Cash (GL#12120) | — | — | 0.0% | ||||||||||
Manual | Whirlpool Foreign Cap exceeding $15MM | — | — | 0.0% | ||||||||||
Manual | Concentration Cap | — | — | 0.0% | ||||||||||
ERS TB | PST/GST (GL#340150-#340210, GL#23101,23103,23105)-Reserve grossed up | — | — | 0.0% | ||||||||||
Manual | Canadian WEPA-03/31/2015 366,000.00-Reserve grossed up | — | — | 0.0% | ||||||||||
Manual | Wisconsin Wage Lien-Reserve grossed up | — | — | 0.0% | ||||||||||
Manual | Dilution Ineligible (grossed up) | — | — | 0.0% | ||||||||||
Total Ineligible A/R: | — | — | 0.0% | |||||||||||
Eligible A/R | — | — | 0.0% | |||||||||||
A/R Availability before Sublimit(s) | — | — | 0.0% | |||||||||||
Line Limit or Sublimit(s) | — | — | ||||||||||||
Net A/R Availability | — | — | 0.0% | |||||||||||
Page AR Comparison
Inventory Comparison | |||||||||||||
Name: | PolyOne Corporation | ||||||||||||
Based on the Inventory Perpetual dated: | Change | % Change | Comments | ||||||||||
ERS Inventory Total: | — | — | 0.0% | ||||||||||
ERS Trial Balance Adjustments: | — | ||||||||||||
Manual Inventory Total: | — | — | 0.0% | ||||||||||
Total Gross Inventory: | — | — | 0.0% | ||||||||||
ERS | Foreign | — | — | 0.0% | |||||||||
ERS | Tolling | — | — | 0.0% | |||||||||
ERS | Outside Processors/Offsite | — | — | 0.0% | |||||||||
ERS | Consigned/Vendor Owned | — | — | 0.0% | |||||||||
ERS | Packaging/Labels | — | — | 0.0% | |||||||||
ERS | Offgrade, Scrap, Rework | — | — | 0.0% | |||||||||
ERS | Semi-Finished | — | — | 0.0% | |||||||||
ERS | R&D | — | — | 0.0% | |||||||||
ERS | Locations < $100M | — | — | 0.0% | |||||||||
ERS | Ineligible10 | — | — | 0.0% | |||||||||
Manual | WIP | — | — | 0.0% | |||||||||
Manual | Stores/Supplies | — | — | 0.0% | |||||||||
ERS TB | Slow Moving (GL# 148530, 148510, 13994/95) | — | — | 0.0% | |||||||||
ERS TB | Test Count Variances | — | — | 0.0% | |||||||||
Manual | Regrind Reserve (GL#13991) | — | — | 0.0% | |||||||||
Manual | Dow branded inventory | — | — | 0.0% | |||||||||
Manual | Producer Services Reserve | — | — | 0.0% | |||||||||
Manual | Addl Resin Cost Capitalization | — | — | 0.0% | |||||||||
ERS TB | LCM/Labor Overhead Reserve (GL#13992/99) | — | — | 0.0% | |||||||||
Manual | CSC COGS for Accrued | — | — | 0.0% | |||||||||
Manual | Block for Unknowns | — | — | 0.0% | |||||||||
Manual | Accrued Royalties GL 324020 | — | — | 0.0% | |||||||||
Manual | Manual13 | — | — | 0.0% | |||||||||
Manual | Manual14 | — | — | 0.0% | |||||||||
Manual | Manual15 | — | — | 0.0% | |||||||||
Manual | Reserve grossed up as Ineligible | — | — | 0.0% | |||||||||
Manual | Reserve grossed up as Ineligible | — | — | 0.0% | |||||||||
Manual | Reserve grossed up as Ineligible | — | — | 0.0% | |||||||||
Manual | Appraisal Reserve (grossed up) | — | — | 0.0% | |||||||||
Total Ineligible Inventory: | — | — | 0.0% | ||||||||||
Eligible Inventory | — | — | 0.0% | ||||||||||
Availability before Sublimit | — | — | 0.0% | ||||||||||
Sublimits | 240,000,000.00 | 240,000,000.00 | |||||||||||
Net Inventory Availability | — | — | 0.0% | ||||||||||
INV Comparison
Schedule A-3 to the Credit Agreement
AUTHORIZED PERSONS
Xxxxxxxx Xx Xxxxx
Xxxx Xxxxxxxxx
Xxxx Xxxxxx
Xxxxx Xxxxxxx
Xxxxx Xxxxxxxx
Xxxxxxx Xxxxxxxxxx
Signature Page to Third Amendment to Amended and Restated Credit Agreement
Schedule E-2 to the Credit Agreement
Eligible Life Insurance Policies
[attach list]
Signature Page to Third Amendment to Amended and Restated Credit Agreement
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
1 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7294242 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 449,305 | 387,764.81 | 0.00 | 0.00 | 6.15% |
2 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7767666 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 88,381 | 76,275.67 | 0.00 | 0.00 | 6.15% |
3 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236571 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 225,563 | 194,668.19 | 0.00 | 0.00 | 6.15% |
4 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6355378 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 828,437 | 807,174.60 | 0.00 | 0.00 | 6.00% |
5 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6918609 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 85,278 | 83,089.28 | 0.00 | 0.00 | 6.00% |
6 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304078 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 155,416 | 151,427.14 | 0.00 | 0.00 | 6.15% |
7 | 1 | EOL | PolyOne Corp. | PolyOne Corp. | 9798563 | 12/1/1985 | OL EOL | 924.05 | 12/1/2015 | 117,383 | 62,936.44 | 0.00 | 0.00 | 6.15% |
8 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 13399562 | 6/1/1995 | Adj CL | 28,902.37 | 6/1/2015 | 1,404,224 | 789,410.62 | 0.00 | 0.00 | 8.00% |
9 | 1 | EOL | PolyOne Corp. | PolyOne Corp. | 9804415 | 12/1/1985 | OL EOL | 1,612.69 | 12/1/2015 | 168,866 | 106,848.44 | 0.00 | 0.00 | 6.15% |
10 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574504 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 23,353 | 16,171.02 | 0.00 | 0.00 | 8.00% |
11 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070883 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 154,666 | 108,150.65 | 0.00 | 0.00 | 8.00% |
12 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11624207 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 25,767 | 17,842.61 | 0.00 | 0.00 | 8.00% |
13 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6961852A | 12/1/1974 | Pd Up Life | 0.00 | n/a | 39,891 | 29,311.02 | 0.00 | 0.00 | 6.00% |
14 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7317464A | 12/1/1976 | Pd Up Life | 0.00 | n/a | 61,064 | 44,868.46 | 0.00 | 0.00 | 6.15% |
15 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7322483 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 193,030 | 141,834.14 | 0.00 | 0.00 | 6.15% |
16 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7766628 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 43,174 | 31,723.30 | 0.00 | 0.00 | 6.15% |
17 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10651468 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 143,420 | 103,129.98 | 0.00 | 0.00 | 8.00% |
18 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9813097 | 12/1/1985 | IWL 90 | 4,554.66 | 12/1/2015 | 339,213 | 219,244.64 | 0.00 | 0.00 | 5.00% |
19 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10572825 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 278,975 | 196,928.54 | 0.00 | 0.00 | 8.00% |
20 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070687 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 178,409 | 127,131.31 | 0.00 | 0.00 | 8.00% |
21 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11623682 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 284,511 | 200,836.40 | 0.00 | 0.00 | 8.00% |
22 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228740 | 6/1/1992 | 90 Life | 2,441.57 | 6/1/2015 | 100,777 | 56,481.01 | 0.00 | 0.00 | 8.00% |
23 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12810649 | 12/1/1993 | Adj CL | 6,899.99 | 12/1/2015 | 430,382 | 268,947.61 | 0.00 | 0.00 | 8.00% |
24 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6354044 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 163,371 | 136,942.35 | 0.00 | 0.00 | 6.00% |
25 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6626970 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 47,575 | 39,878.76 | 0.00 | 0.00 | 6.00% |
26 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6941202 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 44,353 | 37,177.98 | 0.00 | 0.00 | 6.00% |
27 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7295669 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 82,984 | 69,559.61 | 0.00 | 0.00 | 6.15% |
28 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760432 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 235,395 | 197,314.96 | 0.00 | 0.00 | 6.15% |
29 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224946 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 134,317 | 112,588.43 | 0.00 | 0.00 | 6.15% |
30 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11072760 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 60,387 | 41,407.52 | 0.00 | 0.00 | 8.00% |
31 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11623723 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 180,068 | 122,238.02 | 0.00 | 0.00 | 8.00% |
32 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810626 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 101,441 | 68,862.58 | 0.00 | 0.00 | 8.00% |
33 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6356267 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 222,057 | 189,857.03 | 0.00 | 0.00 | 6.00% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
34 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6618111 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 218,109 | 186,481.52 | 0.00 | 0.00 | 6.00% |
35 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6915909 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 81,788 | 69,928.12 | 0.00 | 0.00 | 6.00% |
36 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7322472 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 130,570 | 111,636.34 | 0.00 | 0.00 | 6.15% |
37 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7766627 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 165,404 | 141,419.15 | 0.00 | 0.00 | 6.15% |
38 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224899 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 280,634 | 239,939.91 | 0.00 | 0.00 | 6.15% |
39 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9851550 | 12/1/1985 | IWL 90 | 5,173.92 | 12/1/2015 | 339,906 | 218,634.99 | 0.00 | 0.00 | 5.00% |
40 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6653217 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 402,528 | 347,394.73 | 0.00 | 0.00 | 6.00% |
41 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6952196 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 91,792 | 79,219.47 | 0.00 | 0.00 | 6.00% |
42 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7325315 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 148,089 | 127,805.62 | 0.00 | 0.00 | 6.15% |
43 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7772780 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 151,007 | 130,323.94 | 0.00 | 0.00 | 6.15% |
44 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8289509 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 199,408 | 172,095.59 | 0.00 | 0.00 | 6.15% |
45 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14974169 | 6/1/1989 | 65 Life | 2,558.85 | 6/1/2015 | 170,298 | 86,594.77 | 0.00 | 0.00 | 8.00% |
46 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14974181 | 12/1/1993 | 65 Life | 3,602.53 | 12/1/2015 | 162,568 | 78,652.19 | 0.00 | 0.00 | 8.00% |
47 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14974186 | 6/1/1989 | 65 Life | 2,721.71 | 6/1/2015 | 183,742 | 93,527.15 | 0.00 | 0.00 | 8.00% |
48 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14974195 | 6/1/1989 | 65 Life | 1,899.88 | 6/1/2015 | 130,999 | 66,808.95 | 0.00 | 0.00 | 8.00% |
49 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14976337 | 6/1/1989 | 65 Life | 1,771.23 | 6/1/2015 | 117,945 | 60,000.52 | 0.00 | 0.00 | 8.00% |
50 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 14977897 | 12/1/1990 | 65 Life | 1,745.37 | 12/1/2015 | 102,530 | 51,034.45 | 0.00 | 0.00 | 8.00% |
51 | 1 | EOL | PolyOne Corp. | PolyOne Corp. | 9831761 | 12/1/1985 | OL EOL | 744.09 | 12/1/2015 | 91,172 | 50,156.84 | 0.00 | 0.00 | 6.15% |
52 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573149 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 185,976 | 113,425.36 | 0.00 | 0.00 | 8.00% |
53 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070753 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 248,253 | 153,135.35 | 0.00 | 0.00 | 8.00% |
54 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11624145 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 182,717 | 111,437.73 | 0.00 | 0.00 | 8.00% |
55 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 9831877A | 12/1/1985 | Pd Up Life | 0.00 | n/a | 346,654 | 266,467.30 | 0.00 | 0.00 | 6.15% |
56 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6352403 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 494,189 | 414,243.65 | 0.00 | 0.00 | 6.00% |
57 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6618157 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 138,409 | 116,018.47 | 0.00 | 0.00 | 6.00% |
58 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6915844 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 135,597 | 113,661.36 | 0.00 | 0.00 | 6.00% |
59 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7294245 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 279,212 | 234,043.65 | 0.00 | 0.00 | 6.15% |
60 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7782685 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 365,371 | 306,264.64 | 0.00 | 0.00 | 6.15% |
61 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224065 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 109,517 | 91,800.34 | 0.00 | 0.00 | 6.15% |
62 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 10262698 | 12/1/1985 | IWL 90 | 534.07 | 12/1/2015 | 26,476 | 20,748.52 | 0.00 | 0.00 | 5.00% |
63 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7782693A | 12/1/1978 | Pd Up Life | 0.00 | n/a | 70,644 | 48,551.49 | 0.00 | 0.00 | 6.15% |
64 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8260034A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 426,561 | 293,162.47 | 0.00 | 0.00 | 6.15% |
65 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9909657 | 12/1/1985 | IWL 90 | 2,562.19 | 12/1/2015 | 219,088 | 141,167.83 | 0.00 | 0.00 | 5.00% |
66 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573188 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 234,851 | 156,206.15 | 0.00 | 0.00 | 8.00% |
67 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070804 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 203,340 | 136,649.02 | 0.00 | 0.00 | 8.00% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
68 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11624346 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 253,133 | 168,366.03 | 0.00 | 0.00 | 8.00% |
69 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228759 | 6/1/1992 | 90 Life | 2,682.21 | 6/1/2015 | 125,412 | 65,035.78 | 0.00 | 0.00 | 8.00% |
70 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810598 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 194,654 | 129,469.97 | 0.00 | 0.00 | 8.00% |
71 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10572807 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 184,047 | 117,342.37 | 0.00 | 0.00 | 8.00% |
72 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070879 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 134,018 | 84,522.75 | 0.00 | 0.00 | 8.00% |
73 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11623763 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 158,369 | 100,970.92 | 0.00 | 0.00 | 8.00% |
74 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810491 | 12/1/1993 | 65 Life | 3,500.00 | 12/1/2015 | 221,175 | 81,643.27 | 0.00 | 0.00 | 8.00% |
75 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9923713 | 12/31/1985 | IWL 90 | 4,939.03 | 12/31/2015 | 250,349 | 192,460.97 | 0.00 | 0.00 | 5.00% |
76 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10572994 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 161,236 | 130,963.31 | 0.00 | 0.00 | 8.00% |
77 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6357023 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 517,636 | 497,762.50 | 0.00 | 0.00 | 6.00% |
78 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6942637 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 90,016 | 86,560.03 | 0.00 | 0.00 | 6.00% |
79 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304101 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 116,321 | 111,855.11 | 0.00 | 0.00 | 6.15% |
80 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831902 | 12/1/1985 | IWL 90 | 4,051.91 | 12/1/2015 | 301,156 | 194,612.96 | 0.00 | 0.00 | 5.00% |
81 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573058 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 265,679 | 162,035.62 | 0.00 | 0.00 | 8.00% |
82 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070932 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 156,086 | 94,115.47 | 0.00 | 0.00 | 8.00% |
83 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11620786 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 104,646 | 63,822.81 | 0.00 | 0.00 | 8.00% |
84 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810395 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 67,950 | 41,442.19 | 0.00 | 0.00 | 8.00% |
85 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6368029 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 464,833 | 404,835.92 | 0.00 | 0.00 | 6.00% |
86 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6645312 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 78,957 | 68,765.84 | 0.00 | 0.00 | 6.00% |
87 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6958796 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 56,194 | 48,940.91 | 0.00 | 0.00 | 6.00% |
88 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7330244 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 159,977 | 139,328.40 | 0.00 | 0.00 | 6.15% |
89 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7787340 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 356,622 | 310,591.97 | 0.00 | 0.00 | 6.15% |
90 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9835822 | 12/1/1985 | IWL 90 | 1,704.16 | 12/1/2015 | 80,164 | 67,726.51 | 0.00 | 0.00 | 5.00% |
91 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6367659 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 546,236 | 480,003.75 | 0.00 | 0.00 | 6.00% |
92 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6632640 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 63,057 | 55,411.20 | 0.00 | 0.00 | 6.00% |
93 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6937672 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 63,540 | 55,835.64 | 0.00 | 0.00 | 6.00% |
94 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7301987 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 156,109 | 137,180.46 | 0.00 | 0.00 | 6.15% |
95 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7766630 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 211,417 | 185,782.25 | 0.00 | 0.00 | 6.15% |
96 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230406 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 80,322 | 70,582.79 | 0.00 | 0.00 | 6.15% |
97 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831943 | 12/1/1985 | IWL 90 | 770.30 | 12/1/2015 | 34,043 | 29,407.42 | 0.00 | 0.00 | 5.00% |
98 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10652052 | 7/6/1988 | Pd Up Life | 0.00 | n/a | 1,441,802 | 1,044,377.76 | 0.00 | 0.00 | 8.00% |
99 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071181 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 658,707 | 477,960.65 | 0.00 | 0.00 | 8.00% |
100 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11623483 | 12/1/1990 | Adj CL | 31,124.78 | 12/1/2015 | 1,744,130 | 1,276,382.80 | 0.00 | 0.00 | 8.00% |
101 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6352812 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 247,775 | 217,731.77 | 0.00 | 0.00 | 6.00% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
102 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6943690 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 221,956 | 195,043.37 | 0.00 | 0.00 | 6.00% |
103 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7294215 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 176,628 | 155,211.48 | 0.00 | 0.00 | 6.15% |
104 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760807 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 274,890 | 241,559.01 | 0.00 | 0.00 | 6.15% |
105 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8223165 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 630,533 | 554,079.56 | 0.00 | 0.00 | 6.15% |
106 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831957 | 12/1/1985 | IWL 90 | 4,904.80 | 12/1/2015 | 228,167 | 197,201.89 | 0.00 | 0.00 | 5.00% |
107 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831977 | 12/1/1985 | IWL 90 | 1,940.73 | 12/1/2015 | 212,328 | 100,584.30 | 0.00 | 0.00 | 5.00% |
108 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574760 | 12/1/1987 | 65 Life | 1,294.62 | 12/1/2015 | 115,888 | 56,951.20 | 0.00 | 0.00 | 8.00% |
109 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070987 | 6/1/1989 | 65 Life | 1,108.71 | 6/1/2015 | 86,760 | 40,891.77 | 0.00 | 0.00 | 8.00% |
110 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11624019 | 12/1/1990 | 65 Life | 2,674.27 | 12/1/2015 | 169,133 | 80,890.34 | 0.00 | 0.00 | 8.00% |
111 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6359216 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 237,641 | 208,826.53 | 0.00 | 0.00 | 6.00% |
112 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6618220 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 58,172 | 51,118.52 | 0.00 | 0.00 | 6.00% |
113 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6915806 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 45,892 | 40,327.50 | 0.00 | 0.00 | 6.00% |
114 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7299113 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 145,893 | 128,203.17 | 0.00 | 0.00 | 6.15% |
115 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760440 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 356,951 | 313,669.95 | 0.00 | 0.00 | 6.15% |
116 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230368 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 346,154 | 304,182.10 | 0.00 | 0.00 | 6.15% |
117 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831998 | 12/1/1985 | IWL 90 | 2,310.09 | 12/1/2015 | 98,747 | 85,227.01 | 0.00 | 0.00 | 5.00% |
118 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6355497 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 449,766 | 380,835.26 | 0.00 | 0.00 | 6.00% |
119 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6618130 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 158,741 | 134,412.49 | 0.00 | 0.00 | 6.00% |
120 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6927134 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 132,643 | 112,314.25 | 0.00 | 0.00 | 6.00% |
121 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7299110 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 259,863 | 220,036.62 | 0.00 | 0.00 | 6.15% |
122 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7766593 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 566,477 | 479,659.24 | 0.00 | 0.00 | 6.15% |
123 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8235477 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 915,961 | 775,581.62 | 0.00 | 0.00 | 6.15% |
124 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 10589990 | 12/1/1987 | Adj CL | 12,417.96 | 12/1/2015 | 752,406 | 604,888.80 | 0.00 | 0.00 | 8.00% |
125 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7292468 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 538,282 | 441,521.63 | 0.00 | 0.00 | 6.15% |
126 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7761958 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 146,076 | 119,817.71 | 0.00 | 0.00 | 6.15% |
127 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230428 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 148,707 | 121,975.76 | 0.00 | 0.00 | 6.15% |
128 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9803022 | 12/1/1985 | IWL 90 | 797.58 | 12/1/2015 | 43,290 | 32,886.72 | 0.00 | 0.00 | 5.00% |
129 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6920985 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 282,948 | 217,497.53 | 0.00 | 0.00 | 6.00% |
130 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7294248 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 136,471 | 104,903.04 | 0.00 | 0.00 | 6.15% |
131 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7751588A | 12/1/1978 | Pd Up Life | 0.00 | n/a | 75,685 | 58,177.83 | 0.00 | 0.00 | 6.15% |
132 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760798 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 162,825 | 125,160.93 | 0.00 | 0.00 | 6.15% |
133 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8218620A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 57,470 | 44,176.26 | 0.00 | 0.00 | 6.15% |
134 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224022 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 211,880 | 162,868.72 | 0.00 | 0.00 | 6.15% |
135 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9832009 | 12/1/1985 | IWL 90 | 1,943.98 | 12/1/2015 | 128,265 | 89,655.22 | 0.00 | 0.00 | 5.00% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
136 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573081 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 325,700 | 246,360.08 | 0.00 | 0.00 | 8.00% |
137 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071026 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 413,495 | 315,226.89 | 0.00 | 0.00 | 8.00% |
138 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11623644 | 12/1/1990 | Adj CL | 4,344.59 | 12/1/2015 | 489,981 | 370,464.34 | 0.00 | 0.00 | 8.00% |
139 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228525 | 6/1/1992 | 90 Life | 3,865.94 | 6/1/2015 | 136,147 | 83,848.62 | 0.00 | 0.00 | 8.00% |
140 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12810230 | 12/1/1993 | Adj CL | 10,800.00 | 12/1/2015 | 587,902 | 400,602.38 | 0.00 | 0.00 | 8.00% |
141 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12814338 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 208,073 | 132,660.57 | 0.00 | 0.00 | 8.00% |
142 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12814351 | 12/1/1988 | Pd Up Life | 0.00 | n/a | 485,780 | 309,717.51 | 0.00 | 0.00 | 8.00% |
143 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12814363 | 6/1/1989 | 90 Life | 5,412.08 | 6/1/2015 | 379,153 | 195,756.60 | 0.00 | 0.00 | 8.00% |
144 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12814421 | 12/1/1990 | Adj CL | 2,141.61 | 12/1/2015 | 340,927 | 217,204.82 | 0.00 | 0.00 | 8.00% |
145 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6356792 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 213,120 | 183,929.48 | 0.00 | 0.00 | 6.00% |
146 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6618110 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 52,900 | 45,654.41 | 0.00 | 0.00 | 6.00% |
147 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6933387 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 196,942 | 169,967.35 | 0.00 | 0.00 | 6.00% |
148 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304084 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 293,701 | 253,473.51 | 0.00 | 0.00 | 6.15% |
149 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7776662 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 213,958 | 184,652.71 | 0.00 | 0.00 | 6.15% |
150 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230312 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 181,271 | 156,442.76 | 0.00 | 0.00 | 6.15% |
151 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7771159 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 404,548 | 292,574.06 | 0.00 | 0.00 | 6.15% |
152 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8235509 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 158,058 | 114,309.48 | 0.00 | 0.00 | 6.15% |
153 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9832017 | 12/1/1985 | IWL 90 | 1,166.66 | 12/1/2015 | 83,130 | 53,526.01 | 0.00 | 0.00 | 8.00% |
154 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573103 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 153,519 | 108,369.11 | 0.00 | 0.00 | 8.00% |
155 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 11071221 | 6/1/1989 | 90 Life | 6,806.62 | 6/1/2015 | 296,239 | 170,936.51 | 0.00 | 0.00 | 8.00% |
156 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11621435 | 12/1/1990 | Adj CL | 5,706.75 | 12/1/2015 | 156,386 | 110,231.98 | 0.00 | 0.00 | 8.00% |
157 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11633204 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 104,967 | 66,923.55 | 0.00 | 0.00 | 8.00% |
158 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810202 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 82,922 | 52,868.36 | 0.00 | 0.00 | 8.00% |
159 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7370146 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 214,604 | 164,962.61 | 0.00 | 0.00 | 6.15% |
160 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760800 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 45,072 | 34,646.11 | 0.00 | 0.00 | 6.15% |
161 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224648 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 89,190 | 68,558.90 | 0.00 | 0.00 | 6.15% |
162 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9908545 | 12/1/1985 | IWL 90 | 3,894.52 | 12/1/2015 | 221,156 | 159,861.07 | 0.00 | 0.00 | 5.00% |
163 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573192 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 156,703 | 118,530.44 | 0.00 | 0.00 | 8.00% |
164 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071244 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 255,579 | 191,808.58 | 0.00 | 0.00 | 8.00% |
165 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11624322 | 12/1/1990 | Adj CL | 2,644.66 | 12/1/2015 | 174,382 | 131,744.68 | 0.00 | 0.00 | 8.00% |
166 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6355112 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 240,790 | 201,837.21 | 0.00 | 0.00 | 6.00% |
167 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6564907 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 45,594 | 38,218.22 | 0.00 | 0.00 | 6.00% |
168 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6934479 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 149,291 | 125,140.07 | 0.00 | 0.00 | 6.00% |
169 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7294232 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 192,761 | 161,577.90 | 0.00 | 0.00 | 6.15% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
170 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7760804 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 214,504 | 179,803.51 | 0.00 | 0.00 | 6.15% |
171 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230440 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 225,891 | 189,348.43 | 0.00 | 0.00 | 6.15% |
172 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9832028 | 12/1/1985 | IWL 90 | 2,063.83 | 12/1/2015 | 109,953 | 86,421.79 | 0.00 | 0.00 | 5.00% |
173 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 10573214 | 12/1/1987 | Adj CL | 3,887.15 | 12/1/2015 | 358,698 | 287,839.17 | 0.00 | 0.00 | 8.00% |
174 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 11071009 | 6/1/1989 | 90 Life | 7,410.12 | 6/1/2015 | 280,186 | 211,837.46 | 0.00 | 0.00 | 8.00% |
175 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11623635 | 12/1/1990 | Adj CL | 3,428.58 | 12/1/2015 | 304,622 | 253,482.92 | 0.00 | 0.00 | 8.00% |
176 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6927272 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 198,967 | 159,313.63 | 0.00 | 0.00 | 6.00% |
177 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304073 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 149,431 | 119,649.96 | 0.00 | 0.00 | 6.15% |
178 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7770325 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 230,645 | 184,678.32 | 0.00 | 0.00 | 6.15% |
179 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7787336A | 12/1/1978 | Pd Up Life | 0.00 | n/a | 87,151 | 69,782.13 | 0.00 | 0.00 | 6.15% |
180 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224032 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 254,575 | 203,839.16 | 0.00 | 0.00 | 6.15% |
181 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9915341 | 12/31/1985 | IWL 90 | 1,261.89 | 12/31/2015 | 78,229 | 57,716.14 | 0.00 | 0.00 | 8.00% |
182 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10573250 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 288,122 | 227,801.93 | 0.00 | 0.00 | 8.00% |
183 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071121 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 438,126 | 343,989.88 | 0.00 | 0.00 | 8.00% |
184 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11620927 | 12/1/1990 | Adj CL | 2,791.00 | 12/1/2015 | 236,351 | 186,717.24 | 0.00 | 0.00 | 8.00% |
185 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228565 | 6/1/1992 | 90 Life | 3,197.82 | 6/1/2015 | 93,709 | 59,814.34 | 0.00 | 0.00 | 8.00% |
186 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12810135 | 12/1/1993 | Adj CL | 7,173.93 | 12/1/2015 | 321,999 | 232,411.91 | 0.00 | 0.00 | 8.00% |
187 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6927633A | 12/1/1974 | Pd Up Life | 0.00 | n/a | 197,098 | 163,475.76 | 0.00 | 0.00 | 6.00% |
188 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7317833A | 12/1/1976 | Pd Up Life | 0.00 | n/a | 191,171 | 158,559.83 | 0.00 | 0.00 | 6.15% |
189 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230346A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 323,798 | 268,562.46 | 0.00 | 0.00 | 6.15% |
190 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8243091A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 317,932 | 263,697.12 | 0.00 | 0.00 | 6.15% |
191 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8271029A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 78,140 | 64,810.38 | 0.00 | 0.00 | 6.15% |
192 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9831920A | 12/1/1985 | IWL 90 | 7,983.76 | 12/1/2015 | 474,105 | 368,548.25 | 0.00 | 0.00 | 8.00% |
193 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 10061795 | 6/1/1986 | 90 Life | 11,684.50 | 6/1/2015 | 666,441 | 512,080.31 | 0.00 | 0.00 | 8.00% |
194 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574379 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 2,266,503 | 1,864,444.04 | 0.00 | 0.00 | 8.00% |
195 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 11071053 | 6/1/1989 | 90 Life | 63,015.00 | 6/1/2015 | 2,489,450 | 1,845,620.88 | 0.00 | 0.00 | 8.00% |
196 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11623232 | 12/1/1990 | Adj CL | 10,752.92 | 12/1/2015 | 996,639 | 819,704.56 | 0.00 | 0.00 | 8.00% |
197 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228546 | 6/1/1992 | 90 Life | 21,893.98 | 6/1/2015 | 603,773 | 424,747.79 | 0.00 | 0.00 | 8.00% |
198 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9832036 | 12/1/1985 | IWL 90 | 7,717.33 | 12/1/2015 | 399,063 | 325,152.40 | 0.00 | 0.00 | 5.00% |
199 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 10573254 | 12/1/1987 | Adj CL | 3,810.00 | 12/1/2015 | 338,043 | 280,204.45 | 0.00 | 0.00 | 8.00% |
200 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 11071041 | 6/1/1989 | 90 Life | 2,113.16 | 6/1/2015 | 70,592 | 55,453.25 | 0.00 | 0.00 | 8.00% |
201 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11623042 | 12/1/1990 | Adj CL | 3,209.32 | 12/1/2015 | 173,385 | 147,434.51 | 0.00 | 0.00 | 8.00% |
202 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8223910A | 12/1/1980 | Pd Up Life | 0.00 | n/a | 207,208 | 159,277.42 | 0.00 | 0.00 | 6.15% |
203 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236545 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 682,129 | 524,341.48 | 0.00 | 0.00 | 6.15% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
204 | 1 | IWL 90 | PolyOne Corp. | PolyOne Corp. | 9832046 | 12/1/1985 | IWL 90 | 2,323.69 | 12/1/2015 | 152,576 | 106,359.17 | 0.00 | 0.00 | 5.00% |
205 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10652011 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 315,269 | 238,470.05 | 0.00 | 0.00 | 8.00% |
206 | 1 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071077 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 582,132 | 443,786.88 | 0.00 | 0.00 | 8.00% |
207 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 11620871 | 12/1/1990 | Adj CL | 4,324.08 | 12/1/2015 | 487,628 | 368,684.53 | 0.00 | 0.00 | 8.00% |
208 | 1 | 90 Life | PolyOne Corp. | PolyOne Corp. | 12228469 | 6/1/1992 | 90 Life | 4,037.00 | 6/1/2015 | 141,921 | 87,361.13 | 0.00 | 0.00 | 8.00% |
209 | 1 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12809947 | 12/1/1993 | Adj CL | 11,700.00 | 12/1/2015 | 636,997 | 434,051.61 | 0.00 | 0.00 | 8.00% |
210 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 10131256 | 12/1/1985 | OL EOL | 2,343.02 | 12/1/2015 | 210,956 | 136,355.47 | 0.00 | 0.00 | 6.15% |
211 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574353 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 45,800 | 32,330.24 | 0.00 | 0.00 | 8.00% |
212 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11070791 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 315,026 | 224,482.32 | 0.00 | 0.00 | 8.00% |
213 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236617 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 281,614 | 213,327.99 | 0.00 | 0.00 | 6.15% |
214 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6511513 | 12/1/1971 | Pd Up Life | 0.00 | n/a | 159,133 | 144,907.57 | 0.00 | 0.00 | 6.00% |
215 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7317459 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 99,623 | 90,717.37 | 0.00 | 0.00 | 6.15% |
216 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8289452 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 63,829 | 58,123.11 | 0.00 | 0.00 | 6.15% |
217 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6927320 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 192,666 | 148,099.22 | 0.00 | 0.00 | 6.00% |
218 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7325308 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 43,147 | 33,166.39 | 0.00 | 0.00 | 6.15% |
219 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7759726 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 44,729 | 34,382.46 | 0.00 | 0.00 | 6.15% |
220 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230322 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 64,841 | 49,842.22 | 0.00 | 0.00 | 6.15% |
221 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9835745 | 12/1/1985 | OL EOL | 1,278.29 | 12/1/2015 | 113,217 | 78,936.59 | 0.00 | 0.00 | 6.15% |
222 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6355898 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 167,397 | 148,407.27 | 0.00 | 0.00 | 6.00% |
223 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7313144 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 117,270 | 103,966.74 | 0.00 | 0.00 | 6.15% |
224 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8223899 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 67,351 | 59,710.62 | 0.00 | 0.00 | 6.15% |
225 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9835771 | 12/1/1985 | OL EOL | 3,259.03 | 12/1/2015 | 107,620 | 85,647.09 | 0.00 | 0.00 | 6.15% |
226 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7773689 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 346,124 | 309,581.17 | 0.00 | 0.00 | 6.15% |
227 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236641 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 66,876 | 59,815.42 | 0.00 | 0.00 | 6.15% |
228 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8241097 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 224,586 | 162,423.34 | 0.00 | 0.00 | 6.15% |
229 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12814433 | 12/1/1987 | 65 Life | 227.00 | 12/1/2015 | 18,543 | 9,129.97 | 0.00 | 0.00 | 8.00% |
230 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12814492 | 6/1/1989 | 65 Life | 562.20 | 6/1/2015 | 41,869 | 20,554.28 | 0.00 | 0.00 | 8.00% |
231 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9813338 | 12/1/1985 | OL EOL | 2,510.31 | 12/1/2015 | 235,043 | 148,943.12 | 0.00 | 0.00 | 6.15% |
232 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11624366 | 12/1/1990 | 65 Life | 188.80 | 12/1/2015 | 11,902 | 4,913.68 | 0.00 | 0.00 | 8.00% |
233 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12816149 | 12/1/1993 | 65 Life | 600.01 | 12/1/2015 | 33,460 | 13,379.94 | 0.00 | 0.00 | 8.00% |
234 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11627884 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 25,795 | 13,933.44 | 0.00 | 0.00 | 8.00% |
235 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810716 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 30,455 | 16,450.58 | 0.00 | 0.00 | 8.00% |
236 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10586187 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 265,485 | 183,837.72 | 0.00 | 0.00 | 8.00% |
237 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11072644 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 109,621 | 75,167.40 | 0.00 | 0.00 | 8.00% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
238 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11629971 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 16,670 | 11,543.31 | 0.00 | 0.00 | 8.00% |
239 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810695 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 26,870 | 18,606.40 | 0.00 | 0.00 | 8.00% |
240 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9814428 | 12/1/1985 | OL EOL | 1,902.50 | 12/1/2015 | 163,424 | 100,367.28 | 0.00 | 0.00 | 6.15% |
241 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574298 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 42,421 | 28,797.23 | 0.00 | 0.00 | 8.00% |
242 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071079 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 204,084 | 137,149.01 | 0.00 | 0.00 | 8.00% |
243 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810733 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 31,431 | 21,336.74 | 0.00 | 0.00 | 8.00% |
244 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6944180 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 155,577 | 139,151.60 | 0.00 | 0.00 | 6.00% |
245 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7751587 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 72,027 | 64,422.58 | 0.00 | 0.00 | 6.15% |
246 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9887411 | 12/1/1985 | OL EOL | 784.79 | 12/1/2015 | 118,925 | 53,773.41 | 0.00 | 0.00 | 6.15% |
247 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574570 | 12/1/1987 | 65 Life | 245.16 | 12/1/2015 | 19,292 | 9,088.08 | 0.00 | 0.00 | 8.00% |
248 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831688 | 12/1/1985 | OL EOL | 694.91 | 12/1/2015 | 104,738 | 47,347.01 | 0.00 | 0.00 | 6.15% |
249 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574626 | 12/1/1987 | 65 Life | 243.55 | 12/1/2015 | 19,137 | 9,014.62 | 0.00 | 0.00 | 8.00% |
250 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8260076 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 302,789 | 261,316.75 | 0.00 | 0.00 | 6.15% |
251 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6491030 | 12/1/1971 | Pd Up Life | 0.00 | n/a | 173,829 | 172,132.54 | 0.00 | 0.00 | 6.00% |
252 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8230241 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 258,845 | 187,199.87 | 0.00 | 0.00 | 6.15% |
253 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831719 | 12/1/1985 | OL EOL | 667.94 | 12/1/2015 | 65,309 | 42,111.97 | 0.00 | 0.00 | 6.15% |
254 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6370421 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 147,073 | 125,746.28 | 0.00 | 0.00 | 6.00% |
255 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6359858 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 157,731 | 129,377.63 | 0.00 | 0.00 | 6.00% |
256 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6941415 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 63,281 | 51,905.75 | 0.00 | 0.00 | 6.00% |
257 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7299121 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 78,942 | 64,751.57 | 0.00 | 0.00 | 6.15% |
258 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7788411 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 79,851 | 65,497.16 | 0.00 | 0.00 | 6.15% |
259 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8249295 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 95,372 | 78,228.14 | 0.00 | 0.00 | 6.15% |
260 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10574844 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 296,277 | 188,896.56 | 0.00 | 0.00 | 8.00% |
261 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071165 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 100,769 | 63,553.21 | 0.00 | 0.00 | 8.00% |
262 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9835800 | 12/1/1985 | OL EOL | 999.72 | 12/1/2015 | 119,758 | 67,567.45 | 0.00 | 0.00 | 6.15% |
263 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6359116 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 160,805 | 141,307.06 | 0.00 | 0.00 | 6.00% |
264 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6936600 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 65,874 | 57,886.64 | 0.00 | 0.00 | 6.00% |
265 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7299116 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 83,968 | 73,786.71 | 0.00 | 0.00 | 6.15% |
266 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7792055 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 74,810 | 65,739.13 | 0.00 | 0.00 | 6.15% |
267 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8270077 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 147,458 | 129,578.41 | 0.00 | 0.00 | 6.15% |
268 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6624189 | 12/1/1972 | Pd Up Life | 0.00 | n/a | 154,667 | 130,962.87 | 0.00 | 0.00 | 6.00% |
269 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7317465 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 118,040 | 99,949.29 | 0.00 | 0.00 | 6.15% |
270 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7767175 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 66,912 | 56,657.12 | 0.00 | 0.00 | 6.15% |
271 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236580 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 49,773 | 42,144.83 | 0.00 | 0.00 | 6.15% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
272 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6956185 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 152,934 | 122,454.83 | 0.00 | 0.00 | 6.00% |
273 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7782699 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 97,401 | 77,989.34 | 0.00 | 0.00 | 6.15% |
274 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8249249 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 51,173 | 40,974.42 | 0.00 | 0.00 | 6.15% |
275 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831741 | 12/1/1985 | OL EOL | 1,044.08 | 12/1/2015 | 84,036 | 61,767.56 | 0.00 | 0.00 | 6.15% |
276 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831805 | 12/1/1985 | OL EOL | 1,027.37 | 12/1/2015 | 130,874 | 70,173.98 | 0.00 | 0.00 | 6.15% |
277 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236592 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 322,574 | 261,502.45 | 0.00 | 0.00 | 6.15% |
278 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831646 | 12/1/1985 | OL EOL | 839.83 | 12/1/2015 | 103,119 | 56,723.41 | 0.00 | 0.00 | 6.15% |
279 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6357375 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 161,944 | 146,140.17 | 0.00 | 0.00 | 6.00% |
280 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6936560 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 60,578 | 54,666.30 | 0.00 | 0.00 | 6.00% |
281 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6360937 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 181,259 | 166,598.73 | 0.00 | 0.00 | 6.00% |
282 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6938911 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 55,443 | 50,958.76 | 0.00 | 0.00 | 6.00% |
283 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7772776 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 212,685 | 153,816.40 | 0.00 | 0.00 | 6.15% |
284 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8241395 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 53,178 | 38,458.98 | 0.00 | 0.00 | 6.15% |
285 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12814499 | 12/1/1987 | 65 Life | 172.30 | 12/1/2015 | 13,724 | 5,998.70 | 0.00 | 0.00 | 8.00% |
286 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7343954 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 256,450 | 217,146.70 | 0.00 | 0.00 | 6.15% |
287 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7753952 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 60,097 | 50,886.59 | 0.00 | 0.00 | 6.15% |
288 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8235178 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 56,561 | 47,892.51 | 0.00 | 0.00 | 6.15% |
289 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11627926 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 328,360 | 213,881.88 | 0.00 | 0.00 | 8.00% |
290 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12811359 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 45,311 | 29,826.98 | 0.00 | 0.00 | 8.00% |
291 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6359745 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 207,403 | 183,874.94 | 0.00 | 0.00 | 6.00% |
292 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6943008 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 47,550 | 42,155.86 | 0.00 | 0.00 | 6.00% |
293 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7772798 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 101,598 | 90,072.59 | 0.00 | 0.00 | 6.15% |
294 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7782250A | 12/1/1978 | Pd Up Life | 0.00 | n/a | 82,859 | 73,459.37 | 0.00 | 0.00 | 6.15% |
295 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071229 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 588,967 | 411,836.87 | 0.00 | 0.00 | 8.00% |
296 | 2 | Adj CL | PolyOne Corp. | PolyOne Corp. | 12813211 | 12/1/1993 | Adj CL | 1,018.12 | 12/1/2015 | 53,594 | 33,444.07 | 0.00 | 0.00 | 8.00% |
297 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7753966 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 222,664 | 175,981.62 | 0.00 | 0.00 | 6.15% |
298 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8224586 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 46,152 | 36,476.05 | 0.00 | 0.00 | 6.15% |
299 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6953286A | 12/1/1974 | Pd Up Life | 0.00 | n/a | 171,398 | 153,302.26 | 0.00 | 0.00 | 6.00% |
300 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7317828 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 85,175 | 76,182.46 | 0.00 | 0.00 | 6.15% |
301 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7767172 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 58,709 | 52,510.67 | 0.00 | 0.00 | 6.15% |
302 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236653 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 66,130 | 59,148.17 | 0.00 | 0.00 | 6.15% |
303 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810813 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 217,124 | 135,430.71 | 0.00 | 0.00 | 8.00% |
304 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8249182 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 365,049 | 315,049.14 | 0.00 | 0.00 | 6.15% |
305 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9831784 | 12/1/1985 | OL EOL | 1,311.14 | 12/1/2015 | 64,834 | 51,852.38 | 0.00 | 0.00 | 6.15% |
PolyOne Corporation | Policies to be Assigned to Xxxxx Fargo | |||||||||||||
Northwestern Mutual Insurance Summary as of 5/31/2015 | ||||||||||||||
(1) | (2) | (3) | (4) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | |
Total | Cash | |||||||||||||
No. of | Policy | Issue | Ins. | Annual Premium | Death Beneft | Surrender | Loan Indebtedness | |||||||
Policies | Plan | Policy Type | Policy Owner | Policy Beneficiary | Number | Date | Plan | Amount | Pd To Date | Amount | Value | Principal | Interest | Rate |
306 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6362776 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 170,714 | 140,026.84 | 0.00 | 0.00 | 6.00% |
307 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6918493 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 63,751 | 52,291.27 | 0.00 | 0.00 | 6.00% |
308 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7299778 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 68,171 | 55,916.73 | 0.00 | 0.00 | 6.15% |
309 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7788405 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 65,749 | 53,930.11 | 0.00 | 0.00 | 6.15% |
310 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8280995 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 84,190 | 69,056.20 | 0.00 | 0.00 | 6.15% |
311 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9835863 | 12/1/1985 | OL EOL | 1,308.92 | 12/1/2015 | 100,618 | 76,369.26 | 0.00 | 0.00 | 6.15% |
312 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9847185 | 12/1/1985 | OL EOL | 1,116.23 | 12/1/2015 | 126,858 | 64,081.20 | 0.00 | 0.00 | 6.15% |
313 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6965280 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 179,493 | 151,984.06 | 0.00 | 0.00 | 6.00% |
314 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7776657 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 111,592 | 94,489.51 | 0.00 | 0.00 | 6.15% |
315 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8241136 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 84,166 | 71,266.80 | 0.00 | 0.00 | 6.15% |
316 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 12810832 | 12/1/1993 | Pd Up Life | 0.00 | n/a | 218,256 | 142,164.11 | 0.00 | 0.00 | 8.00% |
317 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 10121015 | 12/1/1985 | Whole Life | 1,162.31 | 12/1/2015 | 138,018 | 76,920.84 | 0.00 | 0.00 | 8.00% |
318 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 10586137 | 12/1/1987 | Pd Up Life | 0.00 | n/a | 37,347 | 23,295.12 | 0.00 | 0.00 | 8.00% |
319 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11071192 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 117,547 | 72,509.10 | 0.00 | 0.00 | 8.00% |
320 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7767179 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 300,194 | 251,631.38 | 0.00 | 0.00 | 6.15% |
321 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8236551 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 73,418 | 61,541.11 | 0.00 | 0.00 | 6.15% |
322 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6355223 | 12/1/1970 | Pd Up Life | 0.00 | n/a | 189,932 | 157,532.18 | 0.00 | 0.00 | 6.00% |
323 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6941483 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 56,112 | 46,540.05 | 0.00 | 0.00 | 6.00% |
324 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304082 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 53,565 | 44,427.54 | 0.00 | 0.00 | 6.15% |
325 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7782250C | 12/1/1978 | Pd Up Life | 0.00 | n/a | 119,424 | 99,051.89 | 0.00 | 0.00 | 6.15% |
326 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7784726 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 82,642 | 68,544.40 | 0.00 | 0.00 | 6.15% |
327 | 2 | EOL | PolyOne Corp. | PolyOne Corp. | 9920643 | 12/1/1985 | OL EOL | 1,245.42 | 12/1/2015 | 93,053 | 71,677.21 | 0.00 | 0.00 | 6.15% |
328 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 6938713 | 12/1/1974 | Pd Up Life | 0.00 | n/a | 140,533 | 109,566.51 | 0.00 | 0.00 | 6.00% |
329 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7304095 | 12/1/1976 | Pd Up Life | 0.00 | n/a | 50,775 | 39,586.72 | 0.00 | 0.00 | 6.15% |
330 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 7767168 | 12/1/1978 | Pd Up Life | 0.00 | n/a | 56,410 | 43,980.04 | 0.00 | 0.00 | 6.15% |
331 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8234782 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 90,812 | 70,801.54 | 0.00 | 0.00 | 6.15% |
332 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11089532 | 6/1/1989 | Pd Up Life | 0.00 | n/a | 272,223 | 207,528.52 | 0.00 | 0.00 | 8.00% |
333 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 11644854 | 12/1/1990 | Pd Up Life | 0.00 | n/a | 22,131 | 16,998.76 | 0.00 | 0.00 | 8.00% |
334 | 2 | 65 Life | PolyOne Corp. | PolyOne Corp. | 8249278 | 12/1/1980 | Pd Up Life | 0.00 | n/a | 337,712 | 273,774.45 | 0.00 | 0.00 | 6.15% |
72,306,147 | 55,316,235.43 | 0.00 | 0.00 | |||||||||||
Schedule 5.2 to the Credit Agreement
[attach]
Signature Page to Third Amendment to Amended and Restated Credit Agreement
Schedule 5.2
Provide Agent (and if so requested by Agent, with copies for each Lender) with each of the documents set forth below at the following times in form reasonably satisfactory to Agent:
Monthly (no later than the 10th day of each month), unless (i) either (A) Excess Availability is less than 15% of the Maximum Credit or (b) US Excess Availability is less than 12.5% of the Maximum Credit or (ii) a Default or an Event of Default has occurred and is continuing, then weekly | (a) US Borrowing Base Certificate and a Canadian Borrowing Base Certificate, and (b) Inventory system/perpetual reports specifying the cost and the wholesale market value of each Borrower's and its Subsidiaries' Inventory, by category, with additional detail showing additions to and deletions therefrom (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting). |
Monthly (no later than the 10th day of each month) | (c) a detailed aging, by total, of each Borrower's Accounts, together with a reconciliation and supporting documentation for any reconciling items noted (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting), (d) a detailed calculation of those Accounts that are not eligible for the US Borrowing Base or Canadian Borrowing Base, if Borrowers have not implemented electronic reporting, (e) a detailed Inventory system/perpetual report together with a reconciliation to each Borrower's general ledger accounts (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting), (f) with respect to Inventory, such information with respect to the lower of cost or market as Agent may request, (g) a detailed calculation of Inventory categories that are not eligible for the US Borrowing Base or the Canadian Borrowing Base, if Borrowers have not implemented electronic reporting, (h) a summary aging, by vendor, of each Borrower's and its Subsidiaries' accounts payable and any book overdraft (delivered electronically in an acceptable format, if Borrowers have implemented electronic reporting) and an aging, by vendor, of any held checks, (i) a detailed report regarding each Borrower's and its Subsidiaries' cash and Cash Equivalents, including an indication of which amounts constitute Qualified Cash, (j) a detailed report identifying and calculating (i) Canadian PST (i.e. provincial sales tax) and Canadian GST (i.e. goods and service tax) and (ii) to the extent applicable, Canadian HST (i.e. harmonized sales tax), (k) a monthly Account roll-forward, in a format acceptable to Agent in its discretion, tied to the beginning and ending account receivable balances of each Borrower's general ledger, and (l) a detailed report of the current cash surrender value of each Eligible Life Insurance Policy. |
6661839v6 6/26/2015 4:13 PM | 1989.334 | |
Monthly (no later than the 30th day of each month) | (m) a reconciliation of Accounts, trade accounts payable, and Inventory of each Borrower's general ledger accounts to its monthly financial statements including any book reserves related to each category. |
Quarterly (no later than the 30th day of each quarter) | (n) a report regarding each Borrower's and its Subsidiaries' accrued, but unpaid, VAT, and (o) a report setting forth the following information with respect to the operations in Canada: (i) number of employees in Canada broken down between sales people and non-sales people, (ii) accrued payroll expenses, (iii) accrued employee expenses, (iv) post-retirement healthcare benefits, (v) post-retirement employee benefits and (vi) other post-employee benefits. |
Upon the request of Agent (but not more frequently than annually) | (p) an updated version of the Northwestern Mutual Side Letter executed by The Northwestern Mutual Life Insurance Company. |
Promptly, but in any event within 3 Business Days after any Loan Party has any knowledge thereof | (q) notice of the cancellation of, termination of or other material change to, any Eligible Life Insurance Policy. |
Promptly after any Loan Party has any knowledge thereof | (r) notice of the death of any Person covered by any Eligible Life Insurance Policy. |
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On or prior to the issuance thereof | (s) copies of any Life Insurance Policies issued or to be issued to any US Loan Party on or after the Second Amendment Effective Date. |
Upon the request of Agent | (t) an In Force Policy Data Review issued by The Northwestern Mutual Life Insurance Company with respect to each Life Insurance Policy, (u) to the extent any Life Insurance Policy would be materially different from any Life Insurance Policy type as of the Second Amendment Effective Date, samples of each Life Insurance Policy type issued to any of the US Loan Parties, (v) copies of any or all Life Insurance Policies issued to any of the US Loan Parties (to the extent available), and (w) any other available information reasonably requested by Agent relating to the Life Insurance Policies. |
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